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Old 10-08-2009, 07:09 AM
 
Location: Raleigh, NC
20,054 posts, read 18,212,526 times
Reputation: 3826

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Gold is up to $1,056 already.
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Old 10-08-2009, 07:13 AM
 
12,867 posts, read 14,854,418 times
Reputation: 4459
Quote:
Originally Posted by Indurain View Post
Hmmmm.

The reason your currency is worthless is because of the following :

1.Clinton balance of trade surplus, became a Bush balance of trade deficit.

2.Clinton budget surplus, became a Bush budget deficit.

3.Clinton balance of payments, surplus, became a Bush balance of payments deficit.

4.A steady USD value under Clinton, became a devalued USD under Bush
(Bush/Greenspam deliberately devalued the USD on F/x).

5.Too many USD are circulating and are held as reserves by foreign central banks - who have now decided to move away from holding dollar reserves.

6.The structure of the US economy does not lend itself to engendering international confidence.
Personal debt levels were/are far too high.
Corporate debt levels were/are too high.
US produces lower and lower wealth to underpin the value of it's currency.

These factors are the reason why your currency is depreciating.
first of all you start with facts that are not facts. we haven't had a surplus under any of our presidents for a long time. we just shift money from one place to another and call it a surplus!

of course when you go on a printing spree there are too many dollars in circulation now. long term, i would think that there could be broad support for the dollar, if the US would get the spending under control. our personal debt levels are shrinking (with no thanks to our government which is encouraging debt with CFC) and america still has pretty good per capita income, lots of resources, and a manageable population. we also have a free market system which encourages innovation. (if the government would get out of the way in picking market winners and losers). america may be down temporarily, but i certainly would not rule us out just yet.....
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Old 10-08-2009, 07:29 AM
 
Location: By the sea, by the sea, by the beautiful sea
68,275 posts, read 54,010,088 times
Reputation: 40556
Quote:
Originally Posted by summers73 View Post
Well, I'm sure they believe he's marginally better. They can't point out how, they just know it.


Well, he hasn't invaded/occupied any country that did NOTHING to us, THAT makes him better in many eyes, 'K?
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Old 10-08-2009, 07:30 AM
 
Location: Keonsha, Wisconsin
2,479 posts, read 3,224,206 times
Reputation: 586
This thread? LOL
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Old 10-08-2009, 07:31 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,792,921 times
Reputation: 2519
Quote:
Originally Posted by Indurain View Post
Dollar was deliberately depreciated by George Bush and Alan Greenspam in the early years of this decade.

They set the precedent.

keep trawling though
So Obama = Bush/Cheney.

Thanks.
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Old 10-08-2009, 07:55 AM
 
Location: Saturn
1,519 posts, read 1,625,405 times
Reputation: 246
Quote:
Originally Posted by floridasandy View Post
first of all you start with facts that are not facts. we haven't had a surplus under any of our presidents for a long time. we just shift money from one place to another and call it a surplus!
They were facts : lets look at the detail once again.

1.Clinton balance of trade surplus, became a Bush balance of trade deficit.

2.Clinton budget surplus, became a Bush budget deficit.

3.Clinton balance of payments, surplus, became a Bush balance of payments deficit.

4.A steady USD value under Clinton, became a devalued USD under Bush
(Bush/Greenspam deliberately devalued the USD on F/x).
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Old 10-08-2009, 07:58 AM
 
Location: Saturn
1,519 posts, read 1,625,405 times
Reputation: 246
Quote:
Originally Posted by oz in SC View Post
So Obama = Bush/Cheney.

Thanks.
Nope.

The dismal deterioration in your country's economy between 2000-2008, has handed Obama this current headache.

Turning surplus to deficit 2000-2008 is the cause of your country's current woes.
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Old 10-08-2009, 08:00 AM
 
Location: Raleigh, NC
20,054 posts, read 18,212,526 times
Reputation: 3826
Quote:
Originally Posted by Indurain View Post
Nope.

The dismal deterioration in your country's economy between 2000-2008, has handed Obama this current headache.

Turning surplus to deficit 2000-2008 is the cause of your country's current woes.
See status message.
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Old 10-08-2009, 08:01 AM
 
Location: Raleigh, NC
20,054 posts, read 18,212,526 times
Reputation: 3826

YouTube - 10/7/09 Peter Schiff on Fox Business: Gold to hit $5000/oz!
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Old 10-08-2009, 08:03 AM
 
Location: Saturn
1,519 posts, read 1,625,405 times
Reputation: 246
Naw.
It's no use.

Unlike you, I don't brainwash (or scaremonger for that matter).
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