- This topic has 650 replies, 30 voices, and was last updated 14 years, 2 months ago by
SD Transplant.
-
AuthorPosts
-
July 15, 2010 at 1:43 PM #579694July 15, 2010 at 4:12 PM #578731
cyphire
Participant[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
July 15, 2010 at 4:12 PM #578824Participant[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
July 15, 2010 at 4:12 PM #579355Participant[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
July 15, 2010 at 4:12 PM #579462Participant[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
July 15, 2010 at 4:12 PM #579765Participant[quote=Aecetia]I am not sure cash will be king, maybe gold or silver or something you can barter with for food. Cash is going to be devalued.[/quote]
Nope – cash will be king.
Commodities (including gold which is way high right now) will drop in value (that includes homes!!!). As the dollar value of assets gets devalued (such as homes losing a great deal of their value), the dollars that are left will be worth so much more.
So many people will lose all their money because it is invested and just like anyone with dollars (not bonds, but actual dollars) they will be able to buy any assets for nickels on the dollar.
Imagine what happens if the market drops in half (which it already did a couple of years ago) the entire value of the decline removes all that value from the money supply. It was ficticious anyway – but that value is removed from the stock owners, and the dollars that are left (in my bank) are worth much more.
July 15, 2010 at 4:53 PM #578746(former)FormerSanDiegan
ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
July 15, 2010 at 4:53 PM #578839ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
July 15, 2010 at 4:53 PM #579370ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
July 15, 2010 at 4:53 PM #579477ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
July 15, 2010 at 4:53 PM #579780ParticipantThe consensus appears to be future declines, so I’m gonna say that one year from now, prices are higher in San Diego. Though I fully expect a modest decline thorugh the end of the year.
July 15, 2010 at 5:59 PM #578761Zeitgeist
ParticipantThomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
July 15, 2010 at 5:59 PM #578854ParticipantThomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
July 15, 2010 at 5:59 PM #579385ParticipantThomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
July 15, 2010 at 5:59 PM #579492ParticipantThomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
-
AuthorPosts
- You must be logged in to reply to this topic.