Tuesday, May 20, 2008

Obama, via Agence French Press:

Pitching his message to Oregon's environmentally-conscious voters, Obama called on the United States to "lead by example" on global warming, and develop new technologies at home which could be exported to developing countries.
"We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times ... and then just expect that other countries are going to say OK," Obama said.
"That's not leadership. That's not going to happen," he added.

Can you say "malaise"? I knew you could. Since the Republicans have no chance of winning this election and are likely as not to lose seats in both the House and Senate, I had better bone up on the successful personal finance strategies of the middle and late 1970's. That middle paragraph just smacks of Carter's political philosophy of the USA's best days are behind us, that we have to lower our sights, scale back our vision, and essentially stop being American anymore.

Well, the American people get what they elect and it seems that the majority of them want a replay of Carter's presidency. If that ends up being the case here are some pointers:

  • Buy gold, lots of it, now.
  • Get out of any growth funds on Inaugeration Day.
  • Pay off any ARM's you have--NOW
  • In order to maintain your assets you'll need to look at investing in inflation-proof products. Money Funds typically do well during times of inflation.
  • Be very careful investing through off-shore stock exchanges.
  • Mining stocks here in the USA, especially those who produce gold and other prescious metals should continue to do well as the demand for inflation-fighting investments in prescious metals will do well.
  • PRAY! PRAY! PRAY! This will be a rocky four years. Faith in God will become very important to keeping you from losing all hope during Carter-Redux.

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