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wagsthadog
Penny Hoarding Member
USA
565 Posts |
 Posted - 12/19/2008 : 12:54:21
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Hi all-
May have heard about it-
You must be logged in to see this link.
Bush will give 17.4 Billion to the auto companies. I love how a few days ago he was strongly considering a "graceful" bankruptcy for them, but now suddenly he'll give them more than they ever asked for.
Strange times!
wags
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Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 12/19/2008 : 12:57:43
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 12/19/2008 : 14:05:19
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| Why in the hell does the government insist on doing stupid crap. |
Trolling is an art. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 12/19/2008 : 18:44:36
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quote:
Originally posted by Neckro
Why in the hell does the government insist on doing stupid crap.
BREAKING NEWS!
Rumor has it that former Bushe treasury secretary John Snow, and former VP Dan Quayle are big wigs at Cerberus which owns Chrysler. Further, George H. W. Bushe allegedly is vested in Cerberus......
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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84 Posts |
Posted - 12/20/2008 : 20:22:28
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| bail everyone out for all I care. I don't know about you but the way I look at it is the more they bail & put the money supply into supercharged overdrive the sooner my metal makes me RICH! |
I currently have no signature. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 12/20/2008 : 23:13:39
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quote:
Originally posted by CopperSnake
bail everyone out for all I care. I don't know about you but the way I look at it is the more they bail & put the money supply into supercharged overdrive the sooner my metal makes me RICH!
Sorry, that statement is totally wrong.
The best that could possibly happen would be that you'd break even.
Example;
If 10 loafs of bread cost $20 or 2oz.s of silver at $10 per.oz. now,but after inflation has it's ugly way,10 loafs of bread cost $100 or 2oz.s of silver at $50 per.oz., nothing has changed.Your buying power stays the same.
Holding precious metals for the long run is about preserving wealth not making it RICH!
If you want to make money with metals in the short run, you have to buy on the dips and sell on the highs and then buy more physical precious metals before inflation rears it's ugly head if you want to get ahead, otherwise you'll be vulnerable to inflation and the ever declining value of the dollar (fiat currency).
I do care about how much money is being printed for these so called bailouts. It affects all of us.
If you think a "money supply in supercharged overdrive" (inflation) will not have a negative affect on your daily life and your countries people in general, go ask the Argentines how it's working for them .
Being RICH is nice.
But.
Preserving wealth, is what it will take to survive.
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Edited by - redneck on 12/20/2008 23:15:27 |
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84 Posts |
Posted - 12/21/2008 : 00:39:31
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| no I find you're statement to be too narrow of thinking. First off drill it into your head until it finally sinks in.... economic depressions are not only intentional but fully orchestrated. During a depression the greatest transfers of wealth in history always occur, and by buying metal now and selling it in a hyperinflationary environment you can pay off your debts for pennies on the dollar. Secondly and this is where you're thinking is way too narrow, no one said you had to sell your metals for USD, pick whatever currency you like. |
I currently have no signature. |
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aaron239
Penny Collector Member
USA
260 Posts |
Posted - 12/21/2008 : 07:29:28
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Your assuming everyone has debt? (Correct me if Im wrong) Alot of world currencies are tied in some way to the USD?
Besides when your starving or your family is starving, paying off your debts would be your last priority. |
Edited by - aaron239 on 12/21/2008 07:30:39 |
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84 Posts |
Posted - 12/21/2008 : 13:23:40
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you should have debt right now :) think about it
you are part right on the other issue but while I don't like letting on to all I know on a message board, look for a unilateral revaluation of all the world's currencies coming very soon ;)
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 12/21/2008 : 16:29:05
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quote:
no I find you're statement to be too narrow of thinking. First off drill it into your head until it finally sinks in....
Narrow minded ...?
Drilling,sounds painful...
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economic depressions are not only intentional but fully orchestrated.
I could not agree more.Your preaching to the choir.
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During a depression the greatest transfers of wealth in history always occur,
You are correct, during a depression the greatest transfers of wealth in history did occur.But these great transfers of wealth are usually from the low, middle and upper middle classes to the top 1% and their corporations.
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and by buying metal now and selling it in a hyperinflationary environment you can pay off your debts for pennies on the dollar.
In theory that is correct,however, in reality it may not work out that way.
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Secondly and this is where you're thinking is way too narrow, no one said you had to sell your metals for USD, pick whatever currency you like.
Narrow minded, again...?
Correct me if I'm wrong, but aren't all currencies fiat and therefore
subject to manipulation ?
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you should have debt right now :) think about it
If one can afford debt or take on multiple debt and hold large amounts of metals at the same time and the rules don't change,and your allowed to hold those metals and not have to turn them in, that scenario would work. However,if the people that make the rules, change the rules, which they do, as they please, is where the problem comes in.
People in Argentina had their accounts frozen when their peso was 1 - 1 with the USD. When they reopened their accounts, their government
along with the U.S. and IMF changed it overnight to 3 pesos - to 1 USD effectively cutting their purchasing power by 2/3. The debt now owed was when a one to one ratio existed, but now payable in pesos with one third the purchasing power, putting them deeper in debt.
Iceland and the krona also have been crushed virtually overnight leaving their country and people in debt.As you stated earlier "economic depressions are not only intentional but fully orchestrated".
In my opinion,taking on debt now would be foolish.
Just think.
Paulson has changed the way the bailout was to be spent 3 different ways already with no input from Congress or the people.
Bush bails out the auto industry even know the people are against it.
The rules change daily,by the rulers.(golden rule)
Nothing like what we're going thru now has happened in the past.This is uncharted territory.
Extreme caution should prevail any additional debt.
Being out of debt and holding precious metals as a way of preserving wealth for a uncertain future should allow one to be able to capitalize on good deals in the future, if and when they appear.
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but while I don't like letting on to all I know on a message board, look for a unilateral revaluation of all the world's currencies coming very soon ;)
If your privy to something, why not give some more info...?
We here, at this message board like bouncing ideas off one another, good, bad or indifferent.
It helps us "narrow minded" ones. 
Welcome to the board.
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84 Posts |
Posted - 12/21/2008 : 17:11:55
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just watch for the revaluation, it will be unilateral and most likely announced when forex is closed. You don't HAVE to choose a fiat currency, there are some "emerging" economies which not only have a chance to RV real soon but have the very high possibility of being truly backed by gold and/or oil *cough* *cough*
With that said I fully expect gold and silver to RV before hyperinflation is allowed
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 12/23/2008 : 10:19:32
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Hi there-
Just being a neutral fly on the wall, You guys have your "yours" and you'res" mixed up.
You're is a contraction of you-are. Proper use is "you're crazy." Not your crazy.
Your means possession. Proper use is "your gold." Not You're gun.
But, I agree with both points.
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 12/23/2008 : 11:52:10
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My best idea is instead of sending the cash directly to the bankers send it to the people and let it work through the system to get to the banks.
If they did it this way every man, woman and child in America could get a check for over $500,000.00. I don't know about you, but I could spur a lot of economy with an half million dollars, and by the time you add my hald million and my wifes we could do a lot of good. Well, pay off the house and buy an ounce or two of gold.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 12/23/2008 : 12:14:22
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quote:
wagsthadog Posted - 12/23/2008 : 10:19:32 Hi there-
Just being a neutral fly on the wall, You guys have your "yours" and you'res" mixed up.
You're is a contraction of you-are. Proper use is "you're crazy." Not your crazy.
Your means possession. Proper use is "your gold." Not You're gun.
But, I agree with both points.
wags
Wow, what a tough crowd here.
I'll have your,you're,you proof read my posts from now on before I post.
(just kidding)
Keep a eye out...
Next time it'll be were & we're.
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 12/23/2008 : 12:56:54
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quote:
Originally posted by Kurr
I don't see the bailouts as being for saving or helping any of us. As I see it, it is a vehicle to allow the financial institutions and the very wealthy to increase their capitol assets on the way to the currency collapse and re-evaluation.
Bingo...!
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51 Posts |
Posted - 12/23/2008 : 14:27:00
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quote:
Originally posted by Kurr
I don't see the bailouts as being for saving or helping any of us. As I see it, it is a vehicle to allow the financial institutions and the very wealthy to increase their capitol assets on the way to the currency collapse and re-evaluation.
It's great to have a real debate here guys. Kurr, I think you're...I mean your comment is the closest to what I see as what is happening. When the bailouts started the media kept trying to spin it in such a way that it was supposed to sound like a good thing for taxpayers. What a load of BS.
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deleted
84 Posts |
Posted - 12/23/2008 : 19:13:16
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quote:
Originally posted by Kurr
I don't see the bailouts as being for saving or helping any of us. As I see it, it is a vehicle to allow the financial institutions and the very wealthy to increase their capitol assets on the way to the currency collapse and re-evaluation.
this would have to assume metals don't RV before hyperinflation sets |
I currently have no signature. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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fb101
Administrator
USA
2856 Posts |
Posted - 12/23/2008 : 19:38:03
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Any speculation on what the PM RV might be? It would seem to me that the only way to RV PM is to put them at a fixed rate, which is the de facto re-monetizing of the dollar.(assuming it's the U.S. that does it)
I tend to think if they tried that here, they'd have to peg gold around $10,000 to the oz and silver at probably $250, otherwise we'd be broke again in 10 days.
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Crazy folk in Washington
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