Jim,
I won’t even try to debate the merit of these programs.
Move over Cash for Clunkers, it’s time for "Cash for Caulkers." Soon it will be cash for breathing…
Mr. Doerr calls his proposal, which would give households money to pay for weatherization projects, “cash for caulkers.” Rahm Emanuel, President Obama’s chief of staff, told me, “It’s one of the top things he’s looking at."
CIGA Eric
A Stimulus That Could Save Money
By DAVID LEONHARDT
Published: November 17, 2009
The one highly visible success of the stimulus program has been the cash-for-clunkers program. It induced a boom in vehicle sales this summer that clearly would not have happened otherwise.
The rest of the stimulus has created a lot of jobs — 700,000 to 1.5 million, according to economists’ estimates. But it has done so in thousands of little ways: scattered construction projects, plugged-up school budgets and the like. Politically, these measures are not popular enough to create a groundswell for more of them.
And the economy still needs help. So White House officials are looking at creating a new version of cash for clunkers — this time for home weatherization.
Jim,
How long ago did we talk about this on JSMineset.com? How many CIGAs were encouraged to hold gold at the time? At times I understand your frustration.
Similar to 2005-2006, the huge commercial short position is/will be liquidated into strength in 2009-10.
CIGA Eric
Click here to read the article…
Click chart to enlarge in PDF format
Jim,
Down the road, who or what type of gold dealer (s) do you see in the crystal ball that could turn gold into cash discreetly? If everybody is broke due to future nightmare economic possibilities, who could cash one out?
Thanks,
CIGA Blake
CIGA Blake,
Things will be rough but not that rough. There will always be a white and black market for gold.
Jim
Jim,
The New York Fed last November created a special purpose vehicle, dubbed "Maiden Lane III"
Here are some lyrics from "Maiden Lane" by Jack O’Lent – Chestnut – Bonny Broom
"Take a hard look at me
Will you tell me dear?
What do you see?
When I look at you I’m amazed
When everything is falling down but I remain okay"
Those who remain okay are the chosen few – Banksters!
