HOLD THAT SIGH OF RELIEF

Better hold that sigh of relief about the stock market going back up today. It's only temporary and it didn't regain near what it had lost. Went up on news that the Fed has promised to hold interest rates very low for the next two years. And  WHAT YOU WON'T SEE REPORTED ON THE MAINSTREAM NEWS, QE3 is about to be implemented. For those of you who don't know what QE3 is, here's a very short description: This is phase 3 of the Fed printing billions and billions more money to pay the Federal debt. QE1 and 2 are one of the major reasons why you're money doesn't buy much anymore. I've been telling you for several years that the government has been finagling and outright lying about the cost of living index. Got an upclose and personal example of that these last few weeks. Electrical supplies to install an inlet for a generator and 3 outlets in a trailer came to somewhere around $350! Folks, I'm telling you 5 years ago I could have bought that stuff for $150 at the most. The more $ the Fed prints, the less each one is worth. Unless you've been getting 10% raises every year, (and who's been getting anywhere near that???) you're falling farther and farther behind.

So what if the market does go back up? It well may continue to climb for a while. Because a dollar won't be worth half what it was 10 years ago. So if a company's stock was selling at $100 per share 10 years ago, and is trading at $150 next month, that stock has no real net appreciation. The real value of that company has not grown one bit in ten years. The less the U.S. dollar is worth, the more everything costs, including stocks.

What they are doing is postponing the big disaster for a little while longer. What a surprise, huh? I surely hope this fiasco over raising the debt limit was an eye opener for Joe Average. To anyone who watched any of the debates it proved perfectly what I've been saying all along: most of them are so out of touch with reality they might as well be on Mars. They've been ensconced in their positions of power and money so long, they no longer realize what is happening in the real world. WE HAVE TO GET THESE JOKERS OUT OF THERE IN THE NEXT ELECTION or America as we know it is DONE.

Dumb Farmer