Replies to post #1255 on First Mining Gold Corp (FFMGF)

[jt6455]

It's the $USDs turn to be devalued but fortunately many many westerners are going to support it as they "go to cash" in their retirement accounts.

Money Market accounts are in trouble and I fear folks won't be able to get out of them without a significant haircut. Eq market multipliers are too high and earnings can't be sustained just because capital is cheap. Check out Security Analysis by Benjamin Graham

Non productive (homes vacation homes etc.) real estate will also take a significant haircut as well. Once rates go up and they will but not because of the the Fed there will be a forced correction made by the market as the $USDs finally come home.

Then there is the dilemma of unwinding the Fed balance sheet. Tepper teaches a class on this and there is no "good solution " as of yet ;)