The Conservative Cave
Current Events => Economics => Topic started by: 12th Man on April 01, 2011, 11:42:31 AM
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http://www.stansberryresearch.com/pro/1011PSISBBVD/OPSIM305/PR
It's a long video but it sure makes you think. Sorry I couldn't embed it here.
Opinions?
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The Chinese have devalued their currency (thus creating the slave-like conditions) to have businesses migrate their to exploit their poor conditions. This is the first time capitalism has worked in reverse willingly. I may turn out poorly in this regard. Right now the IMF at the G20 commission is reviewing the prospects of moving away from the American dollar as the global force and to be replaced by the Yaun. But it is a slow crawl, if any victory is feasible without war.
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The Chinese have devalued their currency (thus creating the slave-like conditions) to have businesses migrate their to exploit their poor conditions. This is the first time capitalism has worked in reverse willingly. I may turn out poorly in this regard. Right now the IMF at the G20 commission is reviewing the prospects of moving away from the American dollar as the global force and to be replaced by the Yaun. But it is a slow crawl, if any victory is feasible without war.
OK, never mind the fact that there are so many missed letters and typos that the reply is almost inscrutable. It has the air of a dutiful party worker fiercely hammering out state approved talking points as quickly as possible lest the local party boss accuse him of failing to meet his obligations to the revolution.
I don't know if this piece of dreck is even internally consistent.
The Chinese have devalued their currency (thus creating the slave-like conditions)
ASSUMPTION: this is bad
to have businesses migrate their to exploit their poor conditions.
ASSUMPTION: this is bad
This is the first time capitalism has worked in reverse willingly.
ASSUMPTION: unintentionally...good?
I may turn out poorly in this regard.
ASSUMPTION: I guess it will be bad...eventually...because it's capitalist
Right now the IMF at the G20 commission is reviewing the prospects of moving away from the American dollar as the global force and to be replaced by the Yaun.
ASSUMPTION: just deserts for bad America
But it is a slow crawl, if any victory is feasible...
ASSUMPTION: all that bad stuff China is doing to exploit workers is a victory...for somebody
... without war
ASSUMPTION: so long as big, bad capitalist America doesn't ruin everything by interfering with China's capitalist exploitation of the workers
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Buying silver is the best investments I ever made. With Chopper Ben printing money, it will only get better. I am still buying small amounts at these elevated prices but a correction would be nice. After the correction of gold or silver, the price will shoot up that much faster.
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Buying silver is the best investments I ever made. With Chopper Ben printing money, it will only get better. I am still buying small amounts at these elevated prices but a correction would be nice. After the correction of gold or silver, the price will shoot up that much faster.
When the dollar collapses will the pizza faced teenager at the grocery store take gold bars? How about the funny looking foreign guy at the gas station?
Dollar is doomed, Gold is a scam. Nothing we can do except ride it out.
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When the dollar collapses will the pizza faced teenager at the grocery store take gold bars? How about the funny looking foreign guy at the gas station?
Dollar is doomed, Gold is a scam. Nothing we can do except ride it out.
Gold is an insurance policy that provides investors diversification except for dummies like you that do not have any.
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Gold is an insurance policy that provides investors diversification except for dummies like you that do not have any.
How is it an insurance policy? When the Dollar collapses and you go to cash in your gold you know what youre going to get? A bunch of useless dollars. I already pointed out how it will be useless for buying anything.
My avatar pic is a pretty good description of my opinion on buying Gold.
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How is it an insurance policy? When the Dollar collapses and you go to cash in your gold you know what youre going to get? A bunch of useless dollars. I already pointed out how it will be useless for buying anything.
My avatar pic is a pretty good description of my opinion on buying Gold.
The dollar will not collapse in the near future. It will continue to lose value. Gold will increase in value over and above the fall of the dollar. The 1% in money market accounts in banks will not even keep up with inflation. Stocks are not doing squat. Real estate has not bottomed. So, where are you going to put your money?
If I decided to cash in my gold and silver tomorrow, my gains would be 50% for gold and 120% for silver for the last 2 plus years. Let's hear what your investments have done over the past couple of years? That's if you have any.
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When the dollar collapses will the pizza faced teenager at the grocery store take gold bars? How about the funny looking foreign guy at the gas station?
Dollar is doomed, Gold is a scam. Nothing we can do except ride it out.
This is why gold was only really a diversification of my portfolio - I'm also heavily invested in food , tools , tomes and ammo.
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Think I'll invest in caskets...people will be dying to have one.
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This is why gold was only really a diversification of my portfolio - I'm also heavily invested in food , tools , tomes and ammo.
Yup. Food, and ammo. And I live in an apartment. Yes, I have some silver. But most of my precious metals are a cupronickel conglomeration, along with lead thrown in.
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This is why gold was only really a diversification of my portfolio - I'm also heavily invested in food , tools , tomes and ammo.
Good man. Beans Bullets and Bandaids. The only three things you really need.
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And I have all three in spades. Which of those do you have enough of to get through a weekend in Tijuana?
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And I have all three in spades. Which of those do you have enough of to get through a weekend in Tijuana?
Is a thousand bulk .308 rounds enough to get through a weeked in Tijuana?
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Is a thousand bulk .308 rounds enough to get through a weeked in Tijuana?
Unlikely.
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When the dollar collapses will the pizza faced teenager at the grocery store take gold bars? How about the funny looking foreign guy at the gas station?
Yeah, we've never done anything like that before. :whatever:
Besides, it won't be gold, fool, it'll also be silver. More than likely, states will start coming up with their own currencies that are actually BACKED by something other than the "credit of the United States". Credit always fluctuates and right now, ours is shit. If we're having to borrow 1.6 TRILLION Damn dollars JUST to pay entitlements EVERY YEAR!, we're broke. BTW, why in the **** do we loan money to China and provide aid to China? Don't they loan us money? It's nothing but a f'n racket. It needs to STOP!
I look for states to take up the cause once the nation fails. ....and it IS going to fail. All you little liberal bitches can stay in your states. If you do live in a "Red Rethug" state, leave. Stand by your principles. You believe in that shit, take off.
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Besides, it won't be gold, fool, it'll also be silver. More than likely, states will start coming up with their own currencies that are actually BACKED by something other than the "credit of the United States". Credit always fluctuates and right now, ours is shit. If we're having to borrow 1.6 TRILLION Damn dollars JUST to pay entitlements EVERY YEAR!, we're broke. I look for states to take up the cause once the nation fails. ....and it IS going to fail. All you little liberal bitches can stay in your states. If you do live in a "Red Rethug" state, leave. Stand by your principles. You believe in that shit, take off.
Utah is the first state to legalize gold and silver. Other states will follow when the dollar goes in the tank. When that happens the price of both commodities will skyrocket. Then it will be too late to invest in gold and silver.
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We're in hock to China up to our eyeballs. I hope the dollar crashing is the worst that happens, but somehow I doubt that.
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When the dollar collapses will the pizza faced teenager at the grocery store take gold bars? How about the funny looking foreign guy at the gas station?
Dollar is doomed, Gold is a scam. Nothing we can do except ride it out.
I assume you do not have any investments. This is the second time I have asked. Gold went up $40 today for a gain of 20% for the year. Silver increased almost 4% today for a gain of 30% since Jan 1. Maybe when you get a few coins you can invest in penny stocks.
FYI, when the dollar collapses, I will be able to buy a basket full of groceries with a few silver coins while you will have to bring a wheelbarrow full to buy a loaf of bread.
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I assume you do not have any investments. This is the second time I have asked. Gold went up $40 today for a gain of 20% for the year. Silver increased almost 4% today for a gain of 30% since Jan 1. Maybe when you get a few coins you can invest in penny stocks.
FYI, when the dollar collapses, I will be able to buy a basket full of groceries with a few silver coins while you will have to bring a wheelbarrow full to buy a loaf of bread.
He's too young and/or stupid to have any investments. I'd be surprised if he has a valid drivers license.