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Old 10-08-2009, 08:04 AM
 
Location: Saturn
1,519 posts, read 1,624,390 times
Reputation: 246

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Quote:
Originally Posted by summers73 View Post
See status message.
oz in SC can answer for his/her self. Thank you very much.
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Old 10-08-2009, 08:06 AM
 
Location: Raleigh, NC
20,054 posts, read 18,202,187 times
Reputation: 3826
Quote:
Originally Posted by Indurain View Post
Naw.
It's no use.

Unlike you, I don't brainwash (or scaremonger for that matter).
It's no use trying to keep gold prices low. Over 1,050 today and even the almighty government can't stop the freight train.
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Old 10-08-2009, 08:08 AM
 
29,902 posts, read 18,460,737 times
Reputation: 20645
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.

Hmmmmmmmmmmmm Again-

1.Clinton balanced the budget one year of eight. Seven of eight, he engaged in deficit spending.

2. The deficit increased, not decreased, under Clinton

3. The US dollar was very weak under Carter, and recovered

4. The US dollar is weak, as there is no confidence in the ability of the US to handle it's debt - see increased federal deficit spending now for healthcare, basically insuring default in this century.


Save the country-

Reduce spending, cut taxes, and begin to pay down the debt. By 2018, 80% of the annual budget will be to pay interest on the debt. Default is around the corner.
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Old 10-08-2009, 08:10 AM
 
Location: Saturn
1,519 posts, read 1,624,390 times
Reputation: 246
Quote:
Originally Posted by summers73 View Post
It's no use trying to keep gold prices low. Over 1,050 today and even the almighty government can't stop the freight train.
Long may gold appreciate!

I bought in at $810 per ounce.
I'm 20% better off already.


Incidentally, the depreciating dollar is not caused by gold appreciating.
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Old 10-08-2009, 08:10 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,781,218 times
Reputation: 2519
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.
Could you explain what policies of the previous eight years Obama has changed?

A question to you,are you a citizen of this nation,the reason I ask is because from some other threads it seems you are not.
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Old 10-08-2009, 08:11 AM
 
Location: Raleigh, NC
20,054 posts, read 18,202,187 times
Reputation: 3826
Quote:
Originally Posted by hawkeye2009 View Post
Hmmmmmmmmmmmm Again-

1.Clinton balanced the budget one year of eight. Seven of eight, he engaged in deficit spending.

2. The deficit increased, not decreased, under Clinton

3. The US dollar was very weak under Carter, and recovered

4. The US dollar is weak, as there is no confidence in the ability of the US to handle it's debt - see increased federal deficit spending now for healthcare, basically insuring default in this century.


Save the country-

Reduce spending, cut taxes, and begin to pay down the debt. By 2018, 80% of the annual budget will be to pay interest on the debt. Default is around the corner.
Default is not necessary in a direct sense. Just pay it off with depreciated dollars. Blame capitalism, and go straight to Marxism. Do not pass socialism and do not collect $200.

From wiki's hyperinflation entry:
One source states that this hyperinflation was purposely started by trained Russian Marxists in order to destroy the Hungarian middle and upper classes. The 1946 currency reform changed the currency to forint. Previously, between 1922 and 1924 inflation in Hungary reached 98%.
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Old 10-08-2009, 08:12 AM
 
Location: Raleigh, NC
20,054 posts, read 18,202,187 times
Reputation: 3826
Quote:
Originally Posted by Indurain View Post
Long may gold appreciate!

I bought in at $810 per ounce.
I'm 20% better off already.


Incidentally, the depreciating dollar is not caused by gold appreciating.
No, the dollar is just an inverse correlation to gold. Demand for the dollar is waning. The spending in the here and now as well as for the past 30 years have contributed to its demise.
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Old 10-08-2009, 08:22 AM
 
Location: North Cackelacky....in the hills.
19,567 posts, read 21,781,218 times
Reputation: 2519
DARN!!!

Thought I had a few .10 oz gold eagles left over from when I sold my 'horde' off in 2006...guess not...

Found some junk silver however.
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Old 10-08-2009, 08:25 AM
 
3,153 posts, read 3,577,677 times
Reputation: 1080
Bush started it...but Obama is a socialist str8 up and wants this to happen. He will devalue the dollar so much that we will be using Euros soon....wake up
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Old 10-08-2009, 08:25 AM
 
Location: Raleigh, NC
20,054 posts, read 18,202,187 times
Reputation: 3826
Quote:
Originally Posted by oz in SC View Post
DARN!!!

Thought I had a few .10 oz gold eagles left over from when I sold my 'horde' off in 2006...guess not...

Found some junk silver however.
LOL. Oz...are you a deflationist or inflationist?
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