The brakes locked the whole length of the train as soon as the air hoses came apart. Still, this would have been a much more interesting derailment if it had involved full loads of potash or something heavier than those little container flats. Even though the containers look intact, I would be willing to bet there is damaged merchandise for a good dozen cars back from the derailment; shippers never strap their stuff in as good as they think they do. BN's going to be dealing with lots of damage reclaims.

On a boring, anecdotal side note, I picked out one of the readable car numbers going by and looked up its movement history. If the guy posted the video within a day or so of the slide then I can confirm that it happened on the BNSF not far from Seattle.

>> ^blankfist:

>> ^NetRunner:
>> ^blankfist:
And their stock suggestions have worked out well for me. But that's mainly because I think it's a good idea to bet against the US dollar, especially now, and their stock suggestions are basically mostly that.

So be specific, how are they saying to bet against the dollar? Buy gold and silver? Buy foreign currency or foreign stocks & bonds?
Which of those have paid off big (you mentioned tripling your 401k)?

I didn't say they said "bet against the dollar". I said that. They don't sell gold or silver, either. They review companies that do though. And as far as I can tell they're not selling anything.
They have a number of stocks they think will do well as the currency inflates, and so far they've been spot on. Mainly mining companies and the occasional agriculture company. Read on.
http://inflation.us/stocks.html


Intro paragraph at that link:

One of our missions at the National Inflation Association is to discover and profile companies that we believe will prosper in an inflationary environment. Typically we will bring to you producing, profitable, Gold and Silver companies with strong balance sheets. We believe these stocks have a chance of becoming some of the best performers of the next decade.

That said, those look like decent enough picks, even if the much ballyhooed hyperinflation never actually arrives. They've got oil, gas, food, tech stocks, even some potash (very trendy) in there, which are mostly bets that global warming is real, the oil is running out, and the developing economies will rapidly increase their demand for food & oil over the next decade. All safe bets!

Though the bulk of it is stock in precious metal traders and miners, and I'm not sure that quite counts as "betting against the dollar" so much as betting that the hysteria about inflation will lead to a boom for gold traders. At least inflation.us knows which side their bread is buttered on.

Assuming these companies themselves aren't scams, they're not setting you up to lose your shirt if Paul Krugman continues to be right, and Peter Schiff continues to be wrong. You might take a hit if/when a Republican reclaims the White House, and all the talk of inflation disappears though.