All Forum Posts by: Lee Common

Dave,

I honestly hope I'm wrong but, from where I'm sitting it's not about just kicking the can down the road a bit. Yes the politicians are in the banks pockets but, the idea is not that there is not a plan it's that they are going to F things up so bad and until "the masses" will be begging for whatever solution they come up with. Which they already have the problem is we are not hurting enough to implement it YET.

Personally I'm keeping an eye on the bond & commercial RE markets. Things have barely started to get interesting!

All the Best, Lee

Congrats!

I'd like to thank you for your contribution.

Best, Lee

Rich,

Let me know when you will be back in San Antonio I always have my homemade list.

Best, Lee

http://finance.uncommonwisdomdaily.com/wp-content/uploads/2009/04/uwd0001-bernankes-secret-debt-solution-rpt-r012.pdf

:type:

rich,

You want to do something about it?

http://mises.org/Community/forums/p/7950/152185.aspx#152185

Personally I decided we should start a Sovereign Wealth Fund.

Taxes we pay now go into fund, fund invests $$$, gains fund gov.

http://socialize.morningstar.com/NewSocialize/forums/p/237722/2652370.aspx#2652370

Please read and reply preferably in both forums.

Best, Lee

That's is precisely why that entity has served it's purpose.

"We the people" need to stop complaining about it and start a movement for it's replacement.

Now since the banks that we are giving all this bailout money too own the fed and we pay them interest on the money we get from the fed and interest on the money they then turn around and "loan" us. They are charging us interest on our own DAMN $$$

I propose we start a Sovereign Wealth Fund for the USA!

This fund will serve the purpose of controlling interest rates through it's influence over the market.

It will create revenues that we can use to pay for medicare,SS and all the other entitlement programs we have and it can do it with the money we are already paying in taxes.

How about it? Instead of just forking our cash over to uncle spend all my money. We put it into our Sovereign Wealth Fund and make that money work for us!

This is the idea I've been pitching on the Vanguard forums and I'm finding that Norway, France and Saudi Arabia already have such funds. So it's not like it's some far out their unobtainable idea.

Of course we will need to balance our budget fix the broken banking system and turn our economy away from these vapor paper trends and invest in infrastructure, sustainable energy and the like but,

This is something we can have in 20 or so years!

Do I hear a second?

Best, Lee

Vanguard Diehards

Have had this to say;

We need a

Sovereign Wealth Fund

to bad

All the US could do is run a Sovereign Debt Fund

Or, do what England is debating: sell assets

Michael,

Thank you for your support!

Now if we can just convince the other 299,999,996 American this is a great idea we will be getting somewhere!

Anyone else care to comment?

Best, Lee