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This recent collapse is getting a little scary!

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  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Don't be skeerd little buddies. We've been getting ready for this...low debt, stash of metal and basic needs, cash stash, ability to keep ourselves and our families safe, all the parts should be in place by now as we have been chanting this mantra for a while; we've done what we can do. Let the the gold bubble preachers, the paper boys, all the herd that is intent on getting by on the fruits of other peoples time and other peoples money, the people that would choose more debt instead of hard assets, let them fret and worry.

    Got CASH?
  • stevekstevek Posts: 28,967 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Yes, it's a panic of sorts and a recession is coming, there's no question about it. The good news is that oil prices are receding as well...and eventually the lower energy costs will help the economy to eventually rebound naturally...as long as liberal government doesn't stick their stupid liberal noses in it. Just allow the cycle to cleanse itself and we'll be fine.

    However if liberal govenrment doesn't just stay the yell out of it, then the cleansing will take a very long time because the cleansing then has to include what liberal government also screws up such as stimulus programs which do nothing but create long term problems. We'll have to see what happens.

    Where the bottom will be, I have no idea...how high gold will go, I have no idea...but if history is any guide, America will bounce back better than ever...again...as long as liberal government stays out of it but unfortunately we all know liberal government is going to do everything they can to artificially prop things up under the guise of good intentions...which in the long run at this point could be a disaster...possibly even in the short run.

    Is it November 2012 yet? >>





    Why do this things always have to take on a political tone? There is plenty of blame to go around and to put the onus on one party is, IMHO, showing an incredible sense of naivete. If you are a believer in a truly "free market" I suggest you read Adam Smith, the "father" of free market thinking, and what he had to say about markets without encumbrances, and what those in power will do with them, he is right on.

    spelling edit >>



    Well...in case you haven't figured it out yet...this whole mess we are in, is all about politics. Do you think the marked increase in gold prices is due to an increased demand for gold rings? LOL

    To get us out of the mess, the root cause of the problem has to be understood and addressed, don't you think?

    and BTW...I've read all the books related to the subject matter. >>



    You three times said that liberal government is the problem, and without them things would return to being hunky dorey. You obviously haven't read Adam Smith or you would know that the very thing he warned against, unfettered big money, is the primary cause of our current problems. The old banking regulations wouldn't have allowed for the merging of savings and investment banks and all the other "free market" machinations by big money. This is a process that was started under Reagan and continued through the Clinton and Bush administrations, yeah, lets get rid of the regulations that are constraining free growth. What a good idea that was. As I stated before, there is plenty of blame to go around and to point your finger at one party is simplistic at best. >>



    Once again...you're not quite comprehending the situation and the circumstances. I have no interest in writing a historical perspective or doing a dissertation between various economic theories. The bottom line is that an administration has to adjust and perform to the current problems and opportunities, and the adjustments this administration has made and its performance thus far has been woefully inadequate at best and in reality has been extremely poor - that is fact. It's painfully obvious that this administration is doing a terrible disservice to our country with it's incompetent and unworkable economic policies designed not to make our country better, but to increase a base of voters dependent on their style of governent in order to keep them in power.

    Obama believes in socialist ideas, there is no debating that point, and the problem with a socialist system is that eventually the society runs out of other people's money. Perhaps socialism could work in a small country, not concerned about defending its borders and other matters...but socialism cannot work in the United States based on our Constitution and the way the world is today.

    So there...I just provided you in a nutshell with the root cause of why this administration cannot and will not solve our country's economic problems...you may use this information as a guide on whether or not to invest in precious metals until a new administration takes over in November 2012.
  • MoneyLAMoneyLA Posts: 1,825
    I've been through lots of corrections... in the stock market, in the coin market, in the real estate market, in the gold market... and the experts keep making the same mistakes over and over again.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    If ALL of the current members of Congress the Senate and the White House were to go missing I doubt that too many would be missed. Maybe a small handful. This is the problem. Our political talent pool is beyond weak. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>If ALL of the current members of Congress the Senate and the White House were to go missing I doubt that too many would be missed. Maybe a small handful. This is the problem. Our political talent pool is beyond weak. MJ >>




    Thats because when you win an election, you are really winning a popularity contest. And popular opinion is usually wrong.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>If ALL of the current members of Congress the Senate and the White House were to go missing I doubt that too many would be missed. Maybe a small handful. This is the problem. Our political talent pool is beyond weak. MJ >>




    Thats because when you win an election, you are really winning a popularity contest. And popular opinion is usually wrong. >>



    Then this must be the most popular class of all time. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • yellowkidyellowkid Posts: 5,486


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Yes, it's a panic of sorts and a recession is coming, there's no question about it. The good news is that oil prices are receding as well...and eventually the lower energy costs will help the economy to eventually rebound naturally...as long as liberal government doesn't stick their stupid liberal noses in it. Just allow the cycle to cleanse itself and we'll be fine.

    However if liberal govenrment doesn't just stay the yell out of it, then the cleansing will take a very long time because the cleansing then has to include what liberal government also screws up such as stimulus programs which do nothing but create long term problems. We'll have to see what happens.

    Where the bottom will be, I have no idea...how high gold will go, I have no idea...but if history is any guide, America will bounce back better than ever...again...as long as liberal government stays out of it but unfortunately we all know liberal government is going to do everything they can to artificially prop things up under the guise of good intentions...which in the long run at this point could be a disaster...possibly even in the short run.

    Is it November 2012 yet? >>





    Why do this things always have to take on a political tone? There is plenty of blame to go around and to put the onus on one party is, IMHO, showing an incredible sense of naivete. If you are a believer in a truly "free market" I suggest you read Adam Smith, the "father" of free market thinking, and what he had to say about markets without encumbrances, and what those in power will do with them, he is right on.

    spelling edit >>



    Well...in case you haven't figured it out yet...this whole mess we are in, is all about politics. Do you think the marked increase in gold prices is due to an increased demand for gold rings? LOL

    To get us out of the mess, the root cause of the problem has to be understood and addressed, don't you think?

    and BTW...I've read all the books related to the subject matter. >>



    You three times said that liberal government is the problem, and without them things would return to being hunky dorey. You obviously haven't read Adam Smith or you would know that the very thing he warned against, unfettered big money, is the primary cause of our current problems. The old banking regulations wouldn't have allowed for the merging of savings and investment banks and all the other "free market" machinations by big money. This is a process that was started under Reagan and continued through the Clinton and Bush administrations, yeah, lets get rid of the regulations that are constraining free growth. What a good idea that was. As I stated before, there is plenty of blame to go around and to point your finger at one party is simplistic at best. >>



    Once again...you're not quite comprehending the situation and the circumstances. I have no interest in writing a historical perspective or doing a dissertation between various economic theories. The bottom line is that an administration has to adjust and perform to the current problems and opportunities, and the adjustments this administration has made and its performance thus far has been woefully inadequate at best and in reality has been extremely poor - that is fact. It's painfully obvious that this administration is doing a terrible disservice to our country with it's incompetent and unworkable economic policies designed not to make our country better, but to increase a base of voters dependent on their style of governent in order to keep them in power.

    Obama believes in socialist ideas, there is no debating that point, and the problem with a socialist system is that eventually the society runs out of other people's money. Perhaps socialism could work in a small country, not concerned about defending its borders and other matters...but socialism cannot work in the United States based on our Constitution and the way the world is today.

    So there...I just provided you in a nutshell with the root cause of why this administration cannot and will not solve our country's economic problems...you may use this information as a guide on whether or not to invest in precious metals until a new administration takes over in November 2012. >>



    I give up, you can go on living your delusion that "liberal thought" is the problem and that all we need is enough conservatives to rectify things, you can't seem to understand that BOTH parties got us in this mess, and it will take BOTH parties to get us out. Great article I saw sums it up nicely, entitled "How to Turn Republicans and Democrats into Americans."

    and anyhow, what can you expect from a Phillies fanimage
  • stevekstevek Posts: 28,967 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Yes, it's a panic of sorts and a recession is coming, there's no question about it. The good news is that oil prices are receding as well...and eventually the lower energy costs will help the economy to eventually rebound naturally...as long as liberal government doesn't stick their stupid liberal noses in it. Just allow the cycle to cleanse itself and we'll be fine.

    However if liberal govenrment doesn't just stay the yell out of it, then the cleansing will take a very long time because the cleansing then has to include what liberal government also screws up such as stimulus programs which do nothing but create long term problems. We'll have to see what happens.

    Where the bottom will be, I have no idea...how high gold will go, I have no idea...but if history is any guide, America will bounce back better than ever...again...as long as liberal government stays out of it but unfortunately we all know liberal government is going to do everything they can to artificially prop things up under the guise of good intentions...which in the long run at this point could be a disaster...possibly even in the short run.

    Is it November 2012 yet? >>





    Why do this things always have to take on a political tone? There is plenty of blame to go around and to put the onus on one party is, IMHO, showing an incredible sense of naivete. If you are a believer in a truly "free market" I suggest you read Adam Smith, the "father" of free market thinking, and what he had to say about markets without encumbrances, and what those in power will do with them, he is right on.

    spelling edit >>



    Well...in case you haven't figured it out yet...this whole mess we are in, is all about politics. Do you think the marked increase in gold prices is due to an increased demand for gold rings? LOL

    To get us out of the mess, the root cause of the problem has to be understood and addressed, don't you think?

    and BTW...I've read all the books related to the subject matter. >>



    You three times said that liberal government is the problem, and without them things would return to being hunky dorey. You obviously haven't read Adam Smith or you would know that the very thing he warned against, unfettered big money, is the primary cause of our current problems. The old banking regulations wouldn't have allowed for the merging of savings and investment banks and all the other "free market" machinations by big money. This is a process that was started under Reagan and continued through the Clinton and Bush administrations, yeah, lets get rid of the regulations that are constraining free growth. What a good idea that was. As I stated before, there is plenty of blame to go around and to point your finger at one party is simplistic at best. >>



    Once again...you're not quite comprehending the situation and the circumstances. I have no interest in writing a historical perspective or doing a dissertation between various economic theories. The bottom line is that an administration has to adjust and perform to the current problems and opportunities, and the adjustments this administration has made and its performance thus far has been woefully inadequate at best and in reality has been extremely poor - that is fact. It's painfully obvious that this administration is doing a terrible disservice to our country with it's incompetent and unworkable economic policies designed not to make our country better, but to increase a base of voters dependent on their style of governent in order to keep them in power.

    Obama believes in socialist ideas, there is no debating that point, and the problem with a socialist system is that eventually the society runs out of other people's money. Perhaps socialism could work in a small country, not concerned about defending its borders and other matters...but socialism cannot work in the United States based on our Constitution and the way the world is today.

    So there...I just provided you in a nutshell with the root cause of why this administration cannot and will not solve our country's economic problems...you may use this information as a guide on whether or not to invest in precious metals until a new administration takes over in November 2012. >>



    I give up, you can go on living your delusion that "liberal thought" is the problem and that all we need is enough conservatives to rectify things, you can't seem to understand that BOTH parties got us in this mess, and it will take BOTH parties to get us out. Great article I saw sums it up nicely, entitled "How to Turn Republicans and Democrats into Americans."

    and anyhow, what can you expect from a Phillies fanimage >>



    Hey, I don't mind the discussion at all...no need to giveup, I respect your viewpoints...I just counter the debate "Philly style" which I know can seem a little "rough" to some...but I can't help it, it's my nature being a Phillies fan and all. image

    I don't disagree with ya one bit that both parties got us into this mess...however it sure seems to me at this point, that only one party is truly interested in getting us out of this mess. Where I feel if you think it thru you may agree...the Republican Party members who got us into this mess, were not fiscal conservatives...George Bush 2 was certainly not a fiscal conservative. So it's not delusional in the least that fiscal liberal ideas got us into this mess, and that the current administration has exacerbated an already bad situation...as this administration is not just fiscal liberal, they are far left radical liberal in almost all their ideas.
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    to many are worried and dont see much getting done about it. i hope they enjoy their 5 week vacation ( or whatever it is they are on )
  • "How to Turn Republicans and Democrats into Americans"? That's called the "Tea Party"

    You are absolutely correct..... they both got us in to this fine mess. They're BOTH outta here.

    It's time for a third party. How does follow the Constitution, pass a balanced budget admendment, term limits and return to the gold standard sound?

    How does no more free hand outs sound? Why should I have have to pay for abortion or cell phones.

    Where is the freedom we all once had and the opportunity for our children?





    image
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  • derrybderryb Posts: 36,793 ✭✭✭✭✭

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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