tag:blogger.com,1999:blog-6278115441557880568.post3997331793789505846..comments2024-03-18T16:29:17.369-07:00Comments on Inverted Alchemy: An Integral Economy: Why 44 million Americans should get to know PBGCDavid Martinhttp://www.blogger.com/profile/01775270821108542258noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6278115441557880568.post-75144763976821412182009-05-01T11:38:00.000-07:002009-05-01T11:38:00.000-07:00Thanks, David. Really appreciate your generosity. ...Thanks, David. Really appreciate your generosity. Here's to hoping that monsignor Obama is listening.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-50070252675729330602009-05-01T07:16:00.000-07:002009-05-01T07:16:00.000-07:00Great comments and questions - both. As I stated ...Great comments and questions - both. As I stated in my Arlington Institute Spring Side Chat II, I am deeply concerned about social unrest and believe that we need to be engaging in pre-emptive discussions about this BEFORE it happens. With respect to managed funds, the current equity management madness on the street - propped up by the pop media - is trying to get more participation in equities so that the last gasp of the hedge positions can pull the rug (and all the furniture) out from under the lay investor. As I've said numerous times, if the Obama administration was really interested in helping the average American, it would provide an asset rebalancing tax amnesty that would allow 401-k and other investment repositioning. I have advised removing money from any equity or bond position that relies on credit enhancement or from any company that is relying on bond/credit refinancing in the coming 3 quarters. With respect to cash, I still like currencies in countries with whom China is still doing business. I'm old-fashioned enough to believe that a nation's currency has some loose affiliation with its ability to transact value - something that the U.S. seems to have forgotten for the time being.David Martinhttp://www.invertedalchemy.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-35643077296811574412009-04-30T07:48:00.000-07:002009-04-30T07:48:00.000-07:00David, I regret having to ask this question since ...David, I regret having to ask this question since your blog is not about giving investment advice per se. But those with pensions do want to know: do we cash-out 401k’s and other long term vehicles and stay cash ready? If so, isn’t the greenback also at risk of become nothing more than Monopoly money?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6278115441557880568.post-32080352794387854312009-04-30T05:23:00.000-07:002009-04-30T05:23:00.000-07:00While I agree with your post, I am concerned that ...While I agree with your post, I am concerned that the failure of the pension funds will cause a significant social unrest. It is one thing for the Bernie Madoff's of the world (and their rich friends) to lose their disposable income through their own investment decisions. It will be quite another for the average man & woman to learn that their "insured" pension has gone missing. I am afraid that those people will not wait for the invitation to join anyone at the table, but rather grab their weapon of choice and begin making their own reservations as they look for those who lost their money.<br /><br />I am afraid there won't be the togetherness you correctly hope for.Anonymousnoreply@blogger.com