mwanakijiji
11-07-2008, 03:10 AM
This is from James Sinclair (a close friend of President Kikwete and a CEO & Chairman of Tanzania Royalty Exploration (A Canadian mining exploration company)
Dear Friends,
Many people will be forecasting the market's future because of the electoral victory by President-elect Barack Obama. I suggest we wait to see the makeup of his Cabinet before we try to interpret the future with any degree of accuracy.
What we do know is the following:
1. Many of the evil money geniuses are now out of the limelight.
2. Even if Wall Street is still pulling strings, this Administration will not have Paulson (who jiggled every market on the planet fairly well) running the show.
3. The PPT team, if it exists, will be made up of lesser lights because the past Administration ruled that.
4. All past problems are still out there as virulent cancers that have spread out of control in the financial market and are not operable. Thank you OTC derivatives, which up to now have not been singled out to accept blame. This could change but do not count on it.
5. You can count on fiscal stimulation as it is a tenet of how the Democratic mind works.
6. You can count on higher taxes for Daddy Warbucks and reductions for the ordinary man who carries the Federal budget money-wise.
7. You can count on an interesting period in terms of geopolitical challenges to the USA from their many enemies in order to size up the new leadership.
8. You can count on meaningless dialog with all those about to test the new Administration geopolitically.
9. You can count on gold at $1,200 and then $1,650.
10. You can count on the U.S. dollar trading at USDX .72, .62, and.52.
11. You can count on the re-establishment of social and economic safety nets.
12. You can count on the now shredded Constitution remaining shredded. Once power comes into an Administration it stays there permanently.
Respectfully yours,
Jim
My Take:
it seems he knows a lot..
Dear Friends,
Many people will be forecasting the market's future because of the electoral victory by President-elect Barack Obama. I suggest we wait to see the makeup of his Cabinet before we try to interpret the future with any degree of accuracy.
What we do know is the following:
1. Many of the evil money geniuses are now out of the limelight.
2. Even if Wall Street is still pulling strings, this Administration will not have Paulson (who jiggled every market on the planet fairly well) running the show.
3. The PPT team, if it exists, will be made up of lesser lights because the past Administration ruled that.
4. All past problems are still out there as virulent cancers that have spread out of control in the financial market and are not operable. Thank you OTC derivatives, which up to now have not been singled out to accept blame. This could change but do not count on it.
5. You can count on fiscal stimulation as it is a tenet of how the Democratic mind works.
6. You can count on higher taxes for Daddy Warbucks and reductions for the ordinary man who carries the Federal budget money-wise.
7. You can count on an interesting period in terms of geopolitical challenges to the USA from their many enemies in order to size up the new leadership.
8. You can count on meaningless dialog with all those about to test the new Administration geopolitically.
9. You can count on gold at $1,200 and then $1,650.
10. You can count on the U.S. dollar trading at USDX .72, .62, and.52.
11. You can count on the re-establishment of social and economic safety nets.
12. You can count on the now shredded Constitution remaining shredded. Once power comes into an Administration it stays there permanently.
Respectfully yours,
Jim
My Take:
it seems he knows a lot..