Perfect April fool’s day joke from Jonathan Lebed of Lebed.biz
Apr 1, 2010 Federal Reserve, Gold and Silver, Jonathan Lebed, economy, investing, politics
For those who don’t know Jonathan Lebed’s positions on the U.S. economy and monetary policy, this won’t be funny. But for the rest of us, hilarious.
As most of you know, I have been bullish on gold/silver now for many years. Starting in late/2005-early/2006 I urged you repeatedly in countless email alerts to get out of Real Estate (which I predicted would crash into the ground) and accumulate gold (which was around $450 per ounce at the time).
I have remained bullish on gold/silver consistently and never flip-flopped once… until now. Today, I officially am a bear on gold/silver and believe we have a gold/silver bubble.
There is nothing really special about gold and silver. You can’t eat it. You can’t even go to the store and buy anything with it. Americans have become used to fiat currencies and I doubt we will ever go back to the “stone age” of bartering with gold and silver.
Bernanke, Paulson and Geithner did an amazing job at solving the financial crisis of 2008 and we should all bow down and salute them, we owe them a lot. It took a lot of courage from Bernanke to expand the Fed’s balance sheet as much as he did with his brilliant quantitative easing, and it took equally as much courage from Paulson and Geithner to bailout “too-big-to-fail” banks like Citigroup, Bank of America and JP Morgan, but we are all now better off because of it.
Unemployment may be high at 9.7%, but we would likely have 15% or higher unemployment right now if Bernanke, Paulson and Geithner didn’t do what they did. Today, we are on a road towards recovery.
Obama is now making it his main focus to reduce our budget deficit and I predict within a few years we will have a balanced budget. Obama is already taking steps to freeze government spending and I am sure the debt ceiling won’t ever have to be raised again.
I am also extremely confident that Bernanke’s exit strategy will work and he will be able to successfully mop up the excess liquidity before the U.S. experiences hyperinflation. In fact, there are absolutely no signs of inflation anywhere and we might even experience deflation in the years ahead.
With gold up $12 today to $1,126.50 per ounce and silver up $0.429 today to $17.955 per ounce, today could be the perfect exit point and a top for precious metals before a decline similar to what we experienced in late-2008.
The U.S. economy isn’t out of the woods yet, but as bad as things are in the U.S. they are worse everywhere else. China needs the U.S. to police the rest of the world and I am sure the Chinese will continue propping up the U.S. dollar forever because they need Americans to consume their goods. Without the U.S., where would the Chinese export to? Europe? Give me a break… with the crisis in Greece, the Euro is a lot more fundamentally flawed than the U.S. dollar.
The U.S. dollar will always remain the world’s reserve currency. Gold and silver are pretty much useless.
I think this takes the cake for the best April fool’s day 2010 joke.
Tags: barack obama, ben bernanke, economy, gold, Henry Paulson, Jonathan Lebed, silver, Timothy Geithner
Big sister is watching you, health care propaganda
Oct 8, 2009 barack obama, investing, news, politics, trading
This is old news to some, but on the official white house blog, Linda Douglass, the communications director for the White House’s Health Reform Office, wants for you to report your neighbors to flag@whitehouse.gov if something they say sounds “fishy” regarding Barack Obama’s health insurance reform. The blog post features a video in which Linda Douglass uses Drudge Report as an example of what is misinformation. The Drudge Report linked to a video in which Barack Obama explains how his health care plan will eliminate private insurance. I’ve seen the video, and Obama clearly states that he happens to be “a proponent of a single payer universal health care plan”. How Linda Douglass thinks that statement could be interpreted in any other way, I’m not sure. Granted, in the video, Obama doesn’t really explain how his health care plan will eliminate private insurance, but he hints that he would like to see private insurance plans be phased out over the next 15 to 20 years and replaced by a single payer plan.
More economic wisdom from Jonathan Lebed
Oct 14, 2008 economy, investing, politics
Jonathan Lebed warns about a new stimulus plan and the sucker’s rally in the dollar:
The crash we saw in the stock market during the past few weeks is nothing compared to the crash we are about to see in the Dollar.Unfortunately, everybody in the government and media is too focused on current problems… they don’t have the foresight to see what problems are about to come next.Everybody panicked and sold their stocks… and now they are hoarding Dollars. They escaped a hurricane but are now in the path of a tornado.The hoarding of Dollars has created a temporarily strong Dollar… which is giving cover for Bernanke and Paulson to create as many Dollars as they want out of thin air to inflate the marketplace with liquidity.If a publicly traded company was diluting their stock at the same rate as Bernanke and Paulson are diluting the Dollar… the stock would be trading for subpenny.If your doctor was diluting your medicine or your farmer was diluting your milk, you would be outraged… wouldn’t you?Just because we haven’t seen a run on the Dollar up until now, doesn’t mean it isn’t coming. It is coming… and it will happen very soon.Most Americans don’t think it is possible for the Dollar to collapse. Some Americans think Dollars are still backed by Gold. It is this false trust and confidence that is keeping the Dollar propped up for now.This trust will quickly evaporate. How could you trust a currency when the treasury secretary of the country is injecting $10 billion of this newly printed money into Goldman Sachs, his former company?Now the Democrats in Congress want a new $150 billion stimulus plan. I told you before the first one was passed that it would be a disaster… and send prices of food and fuel through the roof. We had $5 a gallon gas by the time the checks arrived.A stimulus is a direct injection of inflation… where you don’t have to wait to feel the effects. The $700 billion bailout will take a few months to work its way through the system… but combined with a stimulus we could see a perfect storm.I profiled nine Gold and Silver companies as stocks to watch on Saturday, the most new stocks to watch I ever announced in one day. I gave DROOY a speculative rating of 1, my highest level of confidence. DROOY has been in business since 1895.If you look at its long-term chart, back in 1979-1981… DROOY made a run from $15 to over $500 in less than two years. Another run like this for DROOY and several other of my new stocks to watch… is not only possible, but likely… if Gold prices skyrocket like I expect.Hopefully those who doubted me in 2005 when I said to get out of Real Estate, will trust me now when I say to get out of the Dollar. Commodities will be the new hot asset class to invest in… and Gold will lead the way.
Tags: Bernanke, dollar, economy, gold, inflation, Paulson, silver
CJGH quick update
Sep 4, 2008 investing, trading
CJGH dropped from its high of .036 to .027 today, but it is still holding the 5 day moving average. I am hoping it will consolidate from here and continue on an uptrend. Volume was about 2/3 of yesterday’s but still well over average volume.
CJGH (China Jiangsu Golden Horse Steel Ball) breakout!
Sep 3, 2008 investing, trading
CJGH (China Jiangsu Golden Horse Steel Ball) broke out today and touched the 50dma. The stock must continue and break key resistance levels to keep its momentum. The positive divergence on the MACD looks positive, and the company is supposed to have favorable financial results coming out.
Tags: cjgh, financial, MACD, moving average, stock
PSTI breakout! Pluristem Therapeutics, Inc.
Jul 30, 2008 business, investing, trading
I’ve been waiting for this one for a while, and here it is folks. This is a Lebed pump, but it is a great company with virtually no debt and a low float of 4.75 million shares. Pluristem does adult stem cell research so they are not surrounded by controversy – and they have quite a few products that have yet to be put through phase trials or be approved by the FDA – but just wait, it will happen. Their stem cells they call “PLX” cells (PLacental eXpanded cells) have already successfully treated, for example, inflammatory bowel disease in rats. They have also completed successful pre-clinical trials in treating ischemic stroke.
BDCO breakout!
Apr 22, 2008 investing, trading
I’ve been waiting for this. BDCO (Blue Dolphin Energy Co.) has a habit of consolidating, consolidating, consolidating, then breaking out with huge momentum. We need good volume today and for it to keep making new highs.
If BDCO can break out of the $1.47-$1.45 resistance, it will break the consolidation pattern beginning in early December. This could mean strong and fast movement possibly back up to $3. If it can’t break resistance, it could mean another half a month to a month of consolidation before another chance at breaking out.
BDCO price as of 12:00 PM central is $1.46.
I am not a financial adviser. Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.
