Riding The Gravy Train: Be Prepared for the Worst

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Monday, November 02, 2009

Be Prepared for the Worst

Click this link to read Ron Paul's article in the new Forbes.

He is, of course, quite correct.

We quote :

"A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954."



More truth from Ron Paul :





Further good reading :

Arthur B. Laffer - Taxes, Depression, and Our Current Troubles
Tariffs, rising state and federal taxes, and currency devaluation ruined the 1930s, and they could do the same today.


Bankruptcy filings return to pre-reform-law pace.

Cash for Clubbers - Congress's fabulous golf cart stimulus.

Report on Bailouts Says Treasury Misled Public.

10 Ways Sports Stars Go From Riches To Rags.




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