Home › Forums › Financial Markets/Economics › Dollar Dropping
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September 16, 2009 at 8:58 AM #458065September 16, 2009 at 9:56 AM #457304
blahblahblah
Participanttake whatever it is that you consider to be your wealth and hold it in your hands
if you are holding paper then at least 70% of its value is going to disappear over the next decade
stocks, bonds, real estate equity, annuities, etc
In the future gold will be $1M/oz and Real Estate will be worthless. The wealthy will build gold igloos with their bullion and live in them.
All stocks and bonds will become worthless and all of the currently powerful people working on Wall Street and their buddies in Washington will lose all of their power, become homeless and have to beg in the streets from the people living in gold igloos.
September 16, 2009 at 9:56 AM #457499Participanttake whatever it is that you consider to be your wealth and hold it in your hands
if you are holding paper then at least 70% of its value is going to disappear over the next decade
stocks, bonds, real estate equity, annuities, etc
In the future gold will be $1M/oz and Real Estate will be worthless. The wealthy will build gold igloos with their bullion and live in them.
All stocks and bonds will become worthless and all of the currently powerful people working on Wall Street and their buddies in Washington will lose all of their power, become homeless and have to beg in the streets from the people living in gold igloos.
September 16, 2009 at 9:56 AM #457839Participanttake whatever it is that you consider to be your wealth and hold it in your hands
if you are holding paper then at least 70% of its value is going to disappear over the next decade
stocks, bonds, real estate equity, annuities, etc
In the future gold will be $1M/oz and Real Estate will be worthless. The wealthy will build gold igloos with their bullion and live in them.
All stocks and bonds will become worthless and all of the currently powerful people working on Wall Street and their buddies in Washington will lose all of their power, become homeless and have to beg in the streets from the people living in gold igloos.
September 16, 2009 at 9:56 AM #457912Participanttake whatever it is that you consider to be your wealth and hold it in your hands
if you are holding paper then at least 70% of its value is going to disappear over the next decade
stocks, bonds, real estate equity, annuities, etc
In the future gold will be $1M/oz and Real Estate will be worthless. The wealthy will build gold igloos with their bullion and live in them.
All stocks and bonds will become worthless and all of the currently powerful people working on Wall Street and their buddies in Washington will lose all of their power, become homeless and have to beg in the streets from the people living in gold igloos.
September 16, 2009 at 9:56 AM #458100Participanttake whatever it is that you consider to be your wealth and hold it in your hands
if you are holding paper then at least 70% of its value is going to disappear over the next decade
stocks, bonds, real estate equity, annuities, etc
In the future gold will be $1M/oz and Real Estate will be worthless. The wealthy will build gold igloos with their bullion and live in them.
All stocks and bonds will become worthless and all of the currently powerful people working on Wall Street and their buddies in Washington will lose all of their power, become homeless and have to beg in the streets from the people living in gold igloos.
September 16, 2009 at 10:48 AM #457309scaredyclassic
Participantwell, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
September 16, 2009 at 10:48 AM #457504Participantwell, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
September 16, 2009 at 10:48 AM #457844Participantwell, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
September 16, 2009 at 10:48 AM #457917Participantwell, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
September 16, 2009 at 10:48 AM #458104Participantwell, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
September 16, 2009 at 11:08 AM #457314Participantassets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
Agreed. One thing that I have come to realize is that the value of all assets is controlled and manipulated by very powerful persons (VPPs). The VPPs will move prices in ways that suit them and they use these movements to fleece the sheep (the rest of us). A great deal (not all) of what we read on the internet, in a newspaper, or see on TV is designed to move the flock in the same way that dogs are used to move flocks of sheep. Fear is the most powerful motivator. Just as the herd moves in fear of the predator-that-is-not-an-actual-predator (the sheep dog), we all move in fear of the threat-that-is-not-actually-a-threat. In recent years this has been:
1) Losing your standard of living because you don’t own dot-com stocks
2) Losing your standard of living because you don’t own a house in Southern California
3) Dying from terrorismNow there are some new ones:
1) Losing your standard of living because the dollar is going to zero and you don’t own gold.
2) Dying from swine fluThe VPPs will do as they wish and will continue fleecing the flock. Gold might keep you safe for a while, but only if the VPPs allow it.
Good luck to all.
September 16, 2009 at 11:08 AM #457509Participantassets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
Agreed. One thing that I have come to realize is that the value of all assets is controlled and manipulated by very powerful persons (VPPs). The VPPs will move prices in ways that suit them and they use these movements to fleece the sheep (the rest of us). A great deal (not all) of what we read on the internet, in a newspaper, or see on TV is designed to move the flock in the same way that dogs are used to move flocks of sheep. Fear is the most powerful motivator. Just as the herd moves in fear of the predator-that-is-not-an-actual-predator (the sheep dog), we all move in fear of the threat-that-is-not-actually-a-threat. In recent years this has been:
1) Losing your standard of living because you don’t own dot-com stocks
2) Losing your standard of living because you don’t own a house in Southern California
3) Dying from terrorismNow there are some new ones:
1) Losing your standard of living because the dollar is going to zero and you don’t own gold.
2) Dying from swine fluThe VPPs will do as they wish and will continue fleecing the flock. Gold might keep you safe for a while, but only if the VPPs allow it.
Good luck to all.
September 16, 2009 at 11:08 AM #457849Participantassets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
Agreed. One thing that I have come to realize is that the value of all assets is controlled and manipulated by very powerful persons (VPPs). The VPPs will move prices in ways that suit them and they use these movements to fleece the sheep (the rest of us). A great deal (not all) of what we read on the internet, in a newspaper, or see on TV is designed to move the flock in the same way that dogs are used to move flocks of sheep. Fear is the most powerful motivator. Just as the herd moves in fear of the predator-that-is-not-an-actual-predator (the sheep dog), we all move in fear of the threat-that-is-not-actually-a-threat. In recent years this has been:
1) Losing your standard of living because you don’t own dot-com stocks
2) Losing your standard of living because you don’t own a house in Southern California
3) Dying from terrorismNow there are some new ones:
1) Losing your standard of living because the dollar is going to zero and you don’t own gold.
2) Dying from swine fluThe VPPs will do as they wish and will continue fleecing the flock. Gold might keep you safe for a while, but only if the VPPs allow it.
Good luck to all.
September 16, 2009 at 11:08 AM #457922Participantassets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
Agreed. One thing that I have come to realize is that the value of all assets is controlled and manipulated by very powerful persons (VPPs). The VPPs will move prices in ways that suit them and they use these movements to fleece the sheep (the rest of us). A great deal (not all) of what we read on the internet, in a newspaper, or see on TV is designed to move the flock in the same way that dogs are used to move flocks of sheep. Fear is the most powerful motivator. Just as the herd moves in fear of the predator-that-is-not-an-actual-predator (the sheep dog), we all move in fear of the threat-that-is-not-actually-a-threat. In recent years this has been:
1) Losing your standard of living because you don’t own dot-com stocks
2) Losing your standard of living because you don’t own a house in Southern California
3) Dying from terrorismNow there are some new ones:
1) Losing your standard of living because the dollar is going to zero and you don’t own gold.
2) Dying from swine fluThe VPPs will do as they wish and will continue fleecing the flock. Gold might keep you safe for a while, but only if the VPPs allow it.
Good luck to all.
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