only 10 years left better fund your IRA

January 30,2006

Hello,

It has been said that Ben Bernanke is a worlds foremost inflation target-er with no inflation to target. The year of the DOG greets the new FED chairman as Iran prepares for a show down with the west and the Palestinian terror-torries dissolve into chaos. The “surprise” selection of Hamas by the Palestinian electorate caught many by surprise? No surprise here that the Fatah party lost, it is corrupt even by New Jersey standards and Hamas was favored going into the election. Why it would be a “surprise” that terrorist would vote for terrorist’s or perhaps better terrorist? As for the peace process..huh..what peace process is that? The only thing I know for sure is that the Palestinian people are going to get the shaft no matter what happens, while their rulers continue to be absorbed in blind hatred and graft.

In the past crisis has marred when the FED has handed off leadership from one FED chair to another .The current turn over of FED chiefs seems no different. The end of the world is here, once again. Former president Clinton told an audience in Davos Switzerland and I paraphrase, “Global Warming is the greatest threat to confront humanity”, apparently he hasn’t seen the videos of the planes hitting the world trade center and never listened to disco in the seventies.

Better fund those IRA’s ; according to “global warming enthusiasts” we only have 10 years left to live on the planet. I remember in the 1970’s how we only had 10 years left to live and trust me with that awful disco music we all would have been thankful! But somehow we all survived and here we are right back at deaths door once again. Most importantly is how much money you could have put away to your future by dollar cost averaging. The DOW JONES was hitting a whopping 1011 in 1975 and with all the ups and downs, crashes, exuberances, contagions recessions, inflation, deflation, greed, disco, corruption, terrorism, graft, fraud ,collapse of social security, budget deficits ,trade deficits and crack cocaine, the market finally has touched 11,000 in early 2006 a tenfold increase in 30 plus years. Yea I know according to Al Gore we will all be dead in 10 but that is a still a 3 fold increase and just incase Al is wrong and we have to persevere till the next global ice age the money could come in handy I suspect.
James