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I only ask because for years, theyve been gleefully forecasting the death of the dollar, but now the greenback is the undisputed king of currency again.
Status:
"Apparently the worst poster on CD"
(set 22 days ago)
27,632 posts, read 16,115,213 times
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Quote:
Originally Posted by Swampmonster
Glenn Beck will be sad
the guys always sad... cant stand his reformed drunkeness.. cries like a baby.. bad rep of conspiracy jive.. btw I buy gold anytime i can get it below melt
the guys always sad... cant stand his reformed drunkeness.. cries like a baby.. bad rep of conspiracy jive.. btw I buy gold anytime i can get it below melt
Several talk radio hosts are physical gold shills. People seem to think a soft, yellow metal will save them if the economy collapses. How about learning a trade skill so you can barter for goods and services?
The dollar has been helped tremendously by our oil and gas production and thesoft world economy has put downward pressure on commodities. Currently I like it as I´m working in Peru and every day the dollar strengthens against the S/, so everything is cheap here. However, like other exports, my services may become too costly for my clients due to the dollars strength so it´s a plus up to a point.
On the political side, the Repub Congress has halted the drunken sailor spending that the Dems had foisted which is helping the dollar so I´m happy about that and will be even happier if the Repubs take all 3 branches and fix the debt and other problems.
Other aspects:
- the EU is actively reducing the strength of the euro, some already say there is a kind of currency war
- the gold price fell this week because late November there will be a referendum in Switzerland; after initial fears according to surveys the Swiss will likely not vote for a plan that would force Switzerland to multiply its gold reserves; if however they vote in favor of that plan after all, the gold price would increase sharply because Switzerland would have to buy at least 1,500 tons of gold
this is happening because war is likely. NATO wants Ukraine,
including Eastern Ukraine, and Putin has vowed to stop it
from happening. The prices in the west are all manipulated by
the Federal Reserve banks.
Location: Democratic Peoples Republic of Redneckistan
11,078 posts, read 15,074,986 times
Reputation: 3937
Quote:
Originally Posted by saltine
the guys always sad... cant stand his reformed drunkeness.. cries like a baby.. bad rep of conspiracy jive.. btw I buy gold anytime i can get it below melt
I haven't seen him in years..last time I paused for a second on his program he had a chalk board up and was crying and blowing little snot bubbles..I thought"who?who would be stupid enough to listen to this more than 10 seconds" and lucky I could only make it 8 seconds.
Most people under 60 years of age have never seen a panic in this country like they did under Bush/Cheney. While waging an un winnable war in Iraq on the national credit card and giving tax breaks to billionaires, in their spare time they shrieked constantly about the fear of terrorism (that they were creating and that we are struggling to contain in Iraq and Syria today)
I do know that the mining industry is presently in a very low state and the market for mining products is very weak right now.
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