The dollar has already started to fall.

[william the wie]

I just increased my holdings.

I had to decrease my holdings to maintain asset allocation with cash and apartment REITs.

WW, how have you been? Haven't seen you in a long time.

Been doing a lot of research on how economists use terms like market efficiency to avoid using the boogyman "increasing marginal returns" and trying to get my book formatted.

 

[william the wie]

Stocks Plunge on Obama's Re-election

The election behind them, U.S. investors dumped stocks Wednesday and turned their focus to a world of problems — economically harmful tax increases and spending cuts at home and a deepening recession in Europe.

The Dow Jones industrial average plunged as much as 245 points in the first hour of trading, and the Standard & Poor's 500 index fell as much as 27, or 1.6 percent. Energy companies and bank stocks took big losses.

Stocks seen as benefiting from President Barack Obama's decisive re-election rose. They included hospitals, free of the threat that a President Mitt Romney would have sought to roll back Obama's health care law, and renewable-energy companies.

Yup. There is nova, blaming the drop for one day on the election of obama. What a SURPRISE!!! No links on this one, of course. Because, the experts on this issue are not blaming obama directly, but the congress and other factors set up to deal with the deficit.
What will matter is how it is dealt with. Time will tell. But mostly, it is what the congress agrees to with the pres, and whether they will work with each other.
Why no link, nova. Did the bat shit crazy con sites you use not have a believable on ready for you???

That there are a fair number of analysts advocating going over the fiscal cliff to avoid currency collapse also figures in and Reid being seriously off the reservation also factors in.

 

[Toddsterpatriot]

The dollar itself has not been worth a full dollar since 1913 so a "falling" dollar is a gross understatement.

I would be surprised if it's even worth the paper it's printed on in 2012.

The dollar itself has not been worth a full dollar since 1913

How is that possible? We were on a gold standard in 1913.

 

[freedombecki]

God and silver up sharply.

24-hour Spot Chart - Gold

Darn it. I put my trust in the American people and didn't buy gold.

I keep hoping we will avoid Alinsky, Marx, and redistribution. They raised taxes so high here, people with real estate can't afford to retire anymore. They tax at a rate that is higher than rented apartments are for people starting out. For people on half their income or less, that spells disaster. The combined local, state, and federal governments are pushing people to take out mortgages they cannot repay to life off of while they literally tax them to death.

Too bad for the kids who will grow up to find no jobs unless they adapt to having no freedom of expression in public, no ability to negotiate with tax collectors unless they are liberal party members, and they won't get anything but notices of the expropriation of their parents' assets from the government due to nonpayment of bills after dementia kicks in.

*Poof*

We disappear, all our life's work for absolutely nothing.

Our generation drew the short straw.

The government will take over the nice places and give them to friends of the state. They won't call them dukes and earls at first, but that's what they will become.

We are on our way to being ruled by 1 head of state who must be worshipped as a monarch and bowed down to and government will be at whim, not at necessity of people, which is where we started out. We're getting close to coming full circle to the past we had to slough off with a bloody revolutionary war.

It always comes back to war and men fighting wars over property rights.