Why do Ayn Rand's book suck?

[Anonymous]

Anonymous wrote:17:29 again. I forgot to mention the cherry on this little cake: using the Social Security surplus to finance the budget deficit (the budget deficit that resulted from the tax cuts) meant that conservatives could whine that "somebody" raided Social Security and, since it's all gone now, we need to privatize it.

It's all pretty devious. So there must be somebody smart in the party, just not the followers.

GOP is comprised entirely of rubes and hucksters. The hucksters are absolutely brilliant--just not at effectively governing the country.

[Anonymous]

jsteele wrote:

Anonymous wrote:can we put our ss money into gold? I want to.

I waver between thinking you are a conservative troll or a liberal trying to make conservatives look bad. Just for the moment, I am going to take you seriously.

I would not be surprised if a few years ago you were asking "can we put our ss money into real estate". After all real estate prices only go up, right? Right? Well, as we have seen, not always. Same with gold. Let's say that you take a certain portion of your salary each year and buy gold at the market rate. As long as the value of gold has gone up when you are ready to retire, you would be in good shape. In those first few years as everyone is using their social security money to buy gold, prices would go up. So, things would look good. But, as people who had bought gold started to retire, they would put more gold on the market. Then, the price would likely drop. Unless you are in the first group to sell, you would find yourself in the position of having bought high and now being forced to sell low. All of a sudden, Glen Beck doesn't look so clever anymore. This is not to mention the effect of inflation or the ability of people/institutions/nations to manipulate the price of gold.

The fact of the matter is that social security is not in a crisis. Not even close. The same people that took garbage mortgage securities, sprinkled magic powder on them, and made a mint, then got bailed out by our tax dollars and are now making another mint would love to get their money on the social security funds. They are clearly believers in the maxim, "nobody ever went broke underestimating the intelligence of the American people." I have confidence that the American people will prove them wrong.

Oooh! You are *such* an elitist! Don't you know all these semi-employed right-wing day traders would be swimming in money right now if it weren't for your infernal liberal meddling!!

The funny thing about these imbeciles who want to take their retirement funds and invest them in commodity speculation don't understand that they're the "chump at the table" off of whom the real traders are getting rich. 'twould be funny if it weren't so sad.

[Anonymous]

If you think gold is your salvation, you are the last fool in. It may go up, but it will certainly go back down. We have seen it before in five different markets. I'm even old enough to remember the last batch of fools that got wiped out doing this with gold, back in the late 70's.

[Anonymous]

Anonymous wrote:If you think gold is your salvation, you are the last fool in. It may go up, but it will certainly go back down. We have seen it before in five different markets. I'm even old enough to remember the last batch of fools that got wiped out doing this with gold, back in the late 70's.

What? You think you know something the mutherfucking *Pharaohs* didn't? Gold, baby! Gold.

[Anonymous]

The pharaohs did not know about the perils of inbreeding. There!

[Anonymous]

Gold will go up until the money printing and low rates stop, the fed will make a bunch of head fakes that they might raise rates, don't fall for it . They can't .

[Anonymous]

You think prices are high now. Just wait.

[Anonymous]

Anonymous wrote:You think prices are high now. Just wait.[/quote

Yes, I remember when the wingnuts said Obama was bad for the stock market. And then it rallied.

And then they said it was unemployment. And now employment is solidly trending up again.

So what's next? Of course we are going to enter "Carter era" inflation. Which is not going to happen for two reasons: current monetary policy and the fact that we have already weathered the hideous run-up in oil prices under Bush that made it so bad in the 70's.

But go ahead, invest in gold. It's already at the inflation-adjusted levels of the big run-up of 79-80. The time to speculate on gold was the day George W. Bush was elected, and gold was at $300. But by all means, have fun with it. Be the last one to the party. Someone has to own it when the music stops.

[Anonymous]

Anonymous wrote:Gold will go up until the money printing and low rates stop, the fed will make a bunch of head fakes that they might raise rates, don't fall for it . They can't .

The teabaggers are going to raise US rates, so there is no need for the Fed to take any action at all. Treasury borrowing rates will absolutely soar when the teabaggers refuse to raise the debt limit, thereby trashing the US' credit rating.

And after that - well, you may have a few ounces of gold stashed in your mattress. But borrowing of any kind (like your adjustable mortgage) will go through the roof, the value of your house will crash, and businesses won't be able to get credit so your employer will lay you off.

But keep thinking that teabag policies make any rational sense at all. And BTW, the Fed is not "printing" money now. There's a whole branch of economics called monetary policy that explains how ... oh, never mind, you'll still believe what you want to believe.

[Anonymous]

Anonymous wrote:You think prices are high now. Just wait.

Buy high, sell low. Sounds like a winning strategy to me!

[Anonymous]

The winning strategy was to bet against Bush. If you shorted the stock market the day he was elected, and unloaded your position when he left, you would have made a 55% return.

If you bought gold when he got in office, and you sold it when he left, you would have made a 200% return.

If you combined those strategies into one big 'bet against bush' hedge, you could short the S&P 1 million dollars, put it all into gold, come out with 3 million and close out your short position for $645K, leaving you with $2.4 million dollars profit.

[Anonymous]

Anonymous wrote:The winning strategy was to bet against Bush. If you shorted the stock market the day he was elected, and unloaded your position when he left, you would have made a 55% return.

If you bought gold when he got in office, and you sold it when he left, you would have made a 200% return.

If you combined those strategies into one big 'bet against bush' hedge, you could short the S&P 1 million dollars, put it all into gold, come out with 3 million and close out your short position for $645K, leaving you with $2.4 million dollars profit.

Excellent!

[Anonymous]

If you bought gold before Clinton you would have a 400% return.

[Anonymous]

Hey geniuses. It would be good if gold prices go down. It would mean Obama is not getting his way and the countries finances are making sense. If you think Obama will prevail, invest in gold.

[Anonymous]

Anonymous wrote:If you bought gold before Clinton you would have a 400% return.

A. That's a lie. Gold prices January 20 1993: 329. January 22 2001: 266.
B. You would have missed out on one of the best decades of gains in the stock market.

Do you just take a gamble that your falsehoods won't be checked?