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Pull your money out of banks and buy physical gold with it. Or cash. Or what ever. And on top of it short the banks as well so that you can profit from their downfall.
Pull your money out of banks and buy physical gold with it. Or cash. Or what ever. And on top of it short the banks as well so that you can profit from their downfall.
How much physical gold to you think there is in the world? Our dollar is pegged to oil not gold. YOu can go buy a piece of paper that says you own gold if that makes you happy.
I have a better idea. How about we don't bail out the banks? The ONE thing that prevents greed is risk.
Pivitese gain socialize risk what a cobination don't like it pull yoiur money out of banks.
Quote:
Originally Posted by swagger
Sure, completely crash the economy and plunge us into a true depression, just to try (and fail) to affect the top 1%. Brilliant plan.
Wake up we are already there. The banking system is insolvent. If you really want to get it back an a financially sound footing, up the minimum wage by 4X.
Quote:
Originally Posted by KUchief25
How much physical gold to you think there is in the world? Our dollar is pegged to oil not gold. YOu can go buy a piece of paper that says you own gold if that makes you happy.
all of the gold can fit in a cube 83 feet on a side.
price of a standard 3lb can of maxwell house coffe in 2001.....$3
today is a 2lb can selling for over $10( saw it the other day in one store for $12)
average house here in 1995...125k....average house today....370k....a 300% increase in less than 20 years(16 years)...slightly off the peak of 450k
Don't confuse higher prices with inflation. Houses are dropping and they were turned into cash as long as they keep falling we will be having deflation. They have a long way to go down in your area. Do you see any reason why they would be going up soon in your area? do you have full employment? do you have banks loaning money on houses there?
Pivitese gain socialize risk what a cobination don't like it pull yoiur money out of banks.
Wake up we are already there. The banking system is insolvent. If you really want to get it back an a financially sound footing, up the minimum wage by 4X.
all of the gold can fit in a cube 83 feet on a side.
You'd be better off buying a pan and heading to Alaska if you want physical gold.
Don't confuse higher prices with inflation. Houses are dropping and they were turned into cash as long as they keep falling we will be having deflation. They have a long way to go down in your area. Do you see any reason why they would be going up soon in your area? do you have full employment? do you have banks loaning money on houses there?
UHM
higher prices (cost of living) is inflation
and as far as housing prices are still way higher than they should be
house here sold in 1994 for 125k...valued today at 380k
the NORMAL INFLATION for housing is 5%..meaning after 20 years that 125k house would NORMALLY be worth 310k...yet after 17 years it worth 380k...its INFLATED....has it DEFLATED from the 2006 PEAK..yes...but still way OVERINFLATED during the last 20 years)
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