Dear CIGAs,

Thought you’d like this quote:

"The word "credit" derives from credo, i.e. faith."

CIGA Marty

Jim,

The new policy is in place. The focus is Pakistan…just as you said.
Best,
CIGA Pedro

"A suspected US drone missile attack has killed nine people in north-western Pakistan, local witnesses say."

Pakistan drone attack kills nine

A suspected US drone missile attack has killed nine people in north-western Pakistan, local witnesses say.

At least one missile hit a house in a village near the town of Mirali in North Waziristan, a stronghold of al-Qaeda and Taleban militants.

A second suspected drone attack has now been reported in South Waziristan but there is no word on casualties.

More…

Jim,

Well, everyone keeps dissing the dollar. How come the dollar doesn’t know it’s supposed to tank? I keep seeing all these predictions about the dollar’s downfall. Well where is it? My gosh, things are going to hell in a hand basket here. Is it because things are going there faster o’seas? In that case, where is the stable currency? Gold and silver?

I really would like a response from one or more of you because I have been a CIGA for 10 years.

Dick

Dear Dick,

You think I am a dick because the dollar hit directly on .7200 and has rallied since? Your viewpoint is a short term one. I am unchanged on what the future of the dollar will be regardless of your being a CIGA for 10 years while I have only posted for less than seven. I would advise that rather than sending poetry designed to deride, you simply put all your money quickly into 30 year US government bonds and maybe a few US financials and be quietly happy. How about full available commodity market margin?

All the best Dick,
Jim