DO YOU HAVE YOUR SHARE OF PAPER MONEY TO BUY COINS?

GOLDSAINT

Here is an interesting fact I ran across this morning. With all of this paper in play there should be plenty of paper dollars to go around for all of us to buy all the coins we would like to own. Are you getting your share?

“In the last five months $213 billion new dollars have been added to the U.S money supply (M2). Amazingly, no one in the mainstream financial community questions this.
Looking over some past Federal Reserve archives one finds that $213 billion was all the money in circulation in 1962. Currently it is $6.2 trillion. All the material items of wealth in this country (buildings, roads, cars, aircraft carriers, toasters, TV sets, coins etc.) were created in the 173 years leading up to 1962 with that $213 billion circulating. Have we come close to that real wealth creation in the last five months? This is a huge wake up call that something is not right.”

RotatedRainbows

Not surprising since every city in this country is in debt, every state in this country is in debt, the federal government is running up its biggest debts in history. Personal household debt is at an all time record high, today's society believes it is entitled to everything but does not want to pay for it on top of that politicians believe tax cuts are the answer to everything. Soon the dominos will start to fall and our paper wealth pyramid will collapse like so many societies in the past have.

GOLDSAINT

RR,
I wonder how much money was in cirulation in 1980, what the population was compared to today, and how many coin collectors there were compared to today? Anyone have some more facts?

roadrunner

Since the Japanese stopped buying our debt, someone has to do something.....so we are printing it ourselves and giving it away. I'm, still waiting for my share! The FED senses problems coming (or maybe just the last kick to help out Bush in Nov) and is increasing liquidity to keep the "balloon bubble" afloat. The last time they printed so fast and furious was around the time the stock market last crashed. And while M2 has been increasing to the tune of 20% annualized, the players have found a way to make gold go down....incredible.

Another curious fact: only $17 TRILLION of derivatives existed in the early 1990's. Today we are closing in rapidly on $300 TRILLION.

roadrunner

Catch22

I can remember back when Reagan was President and everything you read or heard on the news was about how terrible the economy was and how we were headed straight to Hell. Didn't happen then and ain't likely to happen now. As Paul Harvey often says, bet on America....not against it, it's the wisest option.

nwcs

Factor in inflation.

ladyship

So how many paper dollars each should we have to buy coins?

roadrunner

No nation in the history of the world has escaped the eventual massive downturn associated with debasing a fiat currency. We've been lucky to stay ahead of the game for the past 20 years by increasing our debt from 1 TRILLION to 7 TRILLION. The piper's debt payment has been delayed...but not forgotten.

roadrunner

RotatedRainbows

<< <i>I can remember back when Reagan was President and everything you read or heard on the news was about how terrible the economy was and how we were headed straight to Hell. Didn't happen then and ain't likely to happen now. As Paul Harvey often says, bet on America....not against it, it's the wisest option. >>



Obviously you forgot about the savings and loan collapse that cost the tax payers a fortune, that was only a drop in the bucket compared to what will happen when it hits the whole banking system instead of just a small part of it like it did back then.

Placid

<< <i>So how many paper dollars each should we have to buy coins? >>



At least 50.