The biggest scam of all time!!!!!!!!!!!!!

Quote: AceCrAAckers

I hope that I am wrong but it remains to be seen.

Before this year is over the price of siver will be over 100 oz and gold will be over 2500 oz. Before 2013 you can expect the prices of this to be double that.

Before rdw and vert jump all over me wait till the end of this year to see what happens. Even if I am right, you can see what the prices are in 2013 to see if the second part of that prediction pans out or not.

I don't care if rdw and vert don't believe anything that I am saying. Cause and effect. All else people, judge for yourself using facts and data to support your conclusiion. At the end if I make you think for yourself, even if you disagree with me, at least I have satisfaction in knowing that I have you thinking about a subject that mass media never touches on.

Last point, vert had said that you cannot eat gold and silver so what does it matter how high it gets. Prices of these elements have faired well against inflation. Using the price of VCR is idiodic. If you want to compare using another commodity, use the price of shoe, of milk, of tailored made suit, or any other commodity that is used now that takes equal amount of labor to produce now as then.

Well first off...any commodity can be an inflation hedge....wheat, oil, soy, ect ect.....But that gold market is so far in contago, that the futures looks bear......FYI in 1982 gold was 2400 oz inflation adjusted.....people who were buying then were saying "it can only go up"...just like many said about housing prices...or people who were buying dot.com stocks that were trading at 600 times earnings.....But I can tell you this....the people who jumped on the gold bubble train in the early 80's.....it didn't work out to well for them......Smart money is on low cost gold put options.....12 months out IMO.......

And yes comparing the value of the dollar to VCR prices was idiotic....that was the whole point.....Try to point out how idiotic it is to compare the dollar to the price of gold....

I was watching an ep of I Love Lucy,made in 1950. Ricky said "I don't know
why I pay my publicist $50 a week, he's worthless."

$50 a week??? In 1950's money, thats equivelant to $400 in todays money.
Who's he kidding? Him and Lucy live in a tiny 1 bedroom apartment and he's
paying a publicist that much? No way... In 1950, an apartment like that in
NYC would have cost about $40 a month. I saw a movie made in 1949 and
the guy was living in a huge 3 bedroom apartment that had servents quarters
and he was paying $90 a month. No way is Ricky paying the guy 5 times more
than he pays for the apartment.

Quote: EvenBob

I was watching an ep of I Love Lucy,made in 1950. Ricky said "I don't know
why I pay my publicist $50 a week, he's worthless."

$50 a week??? In 1950's money, thats equivelant to $400 in todays money.
Who's he kidding? Him and Lucy live in a tiny 1 bedroom apartment and he's
paying a publicist that much? No way... In 1950, an apartment like that in
NYC would have cost about $40 a month. I saw a movie made in 1949 and
the guy was living in a huge 3 bedroom apartment that had servents quarters
and he was paying $90 a month. No way is Ricky paying the guy 5 times more
than he pays for the apartment.

He could also buy a brand new 1950 Cadillac convertible fully loaded for $3500....on a 3 year financing with like 5% interest he would only be paying about $100 a month......or half of what he was paying his publicist.....But then again most publicists work for a percentage like most agents and managers do....10%..... so maybe Ricky was making $500 a week or 26k a year in 1950?

26K would be 200K in todays money, they would have certainly been living better than that
1 bedroom tiny place. I would think he wouldn't be making more than 10K, which was a lot
of money at the time. I think your average factory worker was only making about $1500 a
year, maybe less.

Quote: EvenBob

26K would be 200K in todays money, they would have certainly been living better than that
1 bedroom tiny place. I would think he wouldn't be making more than 10K, which was a lot
of money at the time. I think your average factory worker was only making about $1500 a
year, maybe less.

As to them living in a 1 bedroom place.......well it was a TV show LOL

Quote: vert1276

I tried to read but just couldn't....Cant take the nut jobs who want to end the federal reserve becasue they dont understand it.....Hey your tin foil hat is showing........Im sure you are gonna be one of the 3 people voting for Ron Paul? LOL

I'm no fan of Ron Paul but when Richard Nixon took us off the gold standard a $20 bill would buy a $20 gold piece. Now it takes about 80 $20 bills to buy a $20 gold piece.

Reagan and Bush's daddy quadrupled the national debt from less than $1 trillion to more than $4 trillion. Clinton raised taxes on the upper 2% of taxpayers and not only balanced the annual budget but paid down nearly $400 billion of debt. Surpluses were projected allo the way to the outyears and the total debt would have paid off by 2012. THEN....ALONG CAME GEORGE. George W. Bush cut taxes twice, started two wars, doubled the national debt and absolutely wrecked the American economy and damn near the world. Ordinary Americans who vote Republican need to get their heads examined. All of them are in the pockets of corporations and the wealthy.

Besides the fud fodder I have read, the US Dollar is really no different than any other currency.
1.) The coinage used is made of base metals, like Copper, Zinc, and Nickel, which are commodities that have an intrinsic value. (BTW, how much is a pre-1982 "penny" worth?, and how much is a five-cent-piece worth?)

2.) I would agree, leaving a gold-standard/silver-standard was probably a large mistake, just as the abandonment of a "US Note" surely was. The US Notes that can still be found, ARE inflation-index adjusted, and a $5 US Note is worth in excess of a $20 Fed Reserve Note.

3.) There are gold-standard currencies offered, making anyone owning physical gold or silver their own bank. Say neighbor... can I buy that 2 year old Acura for say, 100 ounces of gold? Here's a certificate proving ownership and amount. In exchange my neighbor gets to keep it, transfer the gold to HIS account, or exchange it for buillion gold, silver, platinum, or commodity of choice, OR exchange it for the fiat currency of his choice at the prevailing commodity rate. If you doubt this just go to kitco dot com and look up gold-grams... just the first example off the top of my poynty head.

4.) OP: If you don't like the US Dollar and its insidious nature, what would you suggest we DO... what are YOU going to DO about it? Spread more fudjam? Buy Gold or Silver and make your own currency? Keep on spending US Dollars? Euro's? Shekels? Pound Stirlings? In quiring minds want to know what YOU are gonna DO.

N&B

Quote: NandB

Besides the fud fodder I have read, the US Dollar is really no different than any other currency.
1.) The coinage used is made of base metals, like Copper, Zinc, and Nickel, which are commodities that have an intrinsic value. (BTW, how much is a pre-1982 "penny" worth?, and how much is a five-cent-piece worth?)

2.) I would agree, leaving a gold-standard/silver-standard was probably a large mistake, just as the abandonment of a "US Note" surely was. The US Notes that can still be found, ARE inflation-index adjusted, and a $5 US Note is worth in excess of a $20 Fed Reserve Note.

3.) There are gold-standard currencies offered, making anyone owning physical gold or silver their own bank. Say neighbor... can I buy that 2 year old Acura for say, 100 ounces of gold? Here's a certificate proving ownership and amount. In exchange my neighbor gets to keep it, transfer the gold to HIS account, or exchange it for buillion gold, silver, platinum, or commodity of choice, OR exchange it for the fiat currency of his choice at the prevailing commodity rate. If you doubt this just go to kitco dot com and look up gold-grams... just the first example off the top of my poynty head.

4.) OP: If you don't like the US Dollar and its insidious nature, what would you suggest we DO... what are YOU going to DO about it? Spread more fudjam? Buy Gold or Silver and make your own currency? Keep on spending US Dollars? Euro's? Shekels? Pound Stirlings? In quiring minds want to know what YOU are gonna DO.

N&B

USA is bankrupt. There are no gold at Fort Knox. Even if there were gold it would not be enough to make a dent in the defict. At the current US deficit, each men, women, and child has to come up with $50,000 to erase the defict. Can't be done. The government has spent the social security fund and not reported in its accounting. Their rules so it doesn't matter. Mathematically, US can't spend and borrow at current rate and be solvent. US will default.

Protect yourself and buy physical silver. The price has been suppressed so it is cheap at even triple the current price. Fiat currency for real money.

As for all those who say that the Federal Reserve is good for the country, just keep your fiat currency. You know that is not what you will be doing.

Banker speak changes once people catch on. QE1, QE2..QE3. Quantitative easing. WTF is it you may ask. Printing money and printing more money out of thin air. People know creating more money without increase in real production creates inflation. Can't call it what it really is. Fed create more money, hence they are robbing you of your savings.

Go to Walmart or any other store and you will not see anything made in the USA. The rest of the world gives us finished product and we give them the dollar that we print. Why do you say that they would want the dollar? Because oil can only be purchased with the dollar. If you are in Japan and want to buy oil from the Saudi's they will not except gold, Sauldi money or Toyotas as an exchange for the oil.

Which countries do not have this agreement to sell oil for dollar? If you guessed Iran, Iraq, Lybia, you would be correct. The so called axis of evil countries.

Look at the derivative markets.
First there will be currency war.
Then the federal reserve(US Central Bank) will increase the interest rate.
Follwed by S..t will hit the fan.