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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.
ParticipantAlso, can you please tell me what factors would lead to a decline in the price of precious metals? Since they are dollar-denominated, it would seem to me that a fall in the price of metals would require a corresponding rise in the dollar’s value.
Oil is dollar-denominated yet it fell dramatically last year without a corresponding dramatic rise in the dollar (the dollar rose a bit but not nearly as much as oil fell).
ParticipantAlso, can you please tell me what factors would lead to a decline in the price of precious metals? Since they are dollar-denominated, it would seem to me that a fall in the price of metals would require a corresponding rise in the dollar’s value.
Oil is dollar-denominated yet it fell dramatically last year without a corresponding dramatic rise in the dollar (the dollar rose a bit but not nearly as much as oil fell).
ParticipantAlso, can you please tell me what factors would lead to a decline in the price of precious metals? Since they are dollar-denominated, it would seem to me that a fall in the price of metals would require a corresponding rise in the dollar’s value.
Oil is dollar-denominated yet it fell dramatically last year without a corresponding dramatic rise in the dollar (the dollar rose a bit but not nearly as much as oil fell).
ParticipantAlso, can you please tell me what factors would lead to a decline in the price of precious metals? Since they are dollar-denominated, it would seem to me that a fall in the price of metals would require a corresponding rise in the dollar’s value.
Oil is dollar-denominated yet it fell dramatically last year without a corresponding dramatic rise in the dollar (the dollar rose a bit but not nearly as much as oil fell).
ParticipantAlso, can you please tell me what factors would lead to a decline in the price of precious metals? Since they are dollar-denominated, it would seem to me that a fall in the price of metals would require a corresponding rise in the dollar’s value.
Oil is dollar-denominated yet it fell dramatically last year without a corresponding dramatic rise in the dollar (the dollar rose a bit but not nearly as much as oil fell).
ParticipantAfter all, why can they build and maintain large aircraft (among other things) that have a very miniscule failure rate, but for some reason, we can’t manage to do that with healthcare?
Because there is someone on the planet somewhere that can tell you exactly how anything on an airplane works, why it was designed that way, and how to fix it. Not so much for people.
I love the way people get distracted on tort reform when they talk about the medical system. It’s obvious where all the money is going — to the insurance companies! But hey let’s ignore that and just focus on something that is 1-2% of the overall cost instead. This place is f***ing hopeless, nothing will ever change here because people are just too f***ing stupid.
But hey at least the weather’s nice here in SD! Gonna be a good one today I think 🙂
ParticipantAfter all, why can they build and maintain large aircraft (among other things) that have a very miniscule failure rate, but for some reason, we can’t manage to do that with healthcare?
Because there is someone on the planet somewhere that can tell you exactly how anything on an airplane works, why it was designed that way, and how to fix it. Not so much for people.
I love the way people get distracted on tort reform when they talk about the medical system. It’s obvious where all the money is going — to the insurance companies! But hey let’s ignore that and just focus on something that is 1-2% of the overall cost instead. This place is f***ing hopeless, nothing will ever change here because people are just too f***ing stupid.
But hey at least the weather’s nice here in SD! Gonna be a good one today I think 🙂
ParticipantAfter all, why can they build and maintain large aircraft (among other things) that have a very miniscule failure rate, but for some reason, we can’t manage to do that with healthcare?
Because there is someone on the planet somewhere that can tell you exactly how anything on an airplane works, why it was designed that way, and how to fix it. Not so much for people.
I love the way people get distracted on tort reform when they talk about the medical system. It’s obvious where all the money is going — to the insurance companies! But hey let’s ignore that and just focus on something that is 1-2% of the overall cost instead. This place is f***ing hopeless, nothing will ever change here because people are just too f***ing stupid.
But hey at least the weather’s nice here in SD! Gonna be a good one today I think 🙂
ParticipantAfter all, why can they build and maintain large aircraft (among other things) that have a very miniscule failure rate, but for some reason, we can’t manage to do that with healthcare?
Because there is someone on the planet somewhere that can tell you exactly how anything on an airplane works, why it was designed that way, and how to fix it. Not so much for people.
I love the way people get distracted on tort reform when they talk about the medical system. It’s obvious where all the money is going — to the insurance companies! But hey let’s ignore that and just focus on something that is 1-2% of the overall cost instead. This place is f***ing hopeless, nothing will ever change here because people are just too f***ing stupid.
But hey at least the weather’s nice here in SD! Gonna be a good one today I think 🙂
ParticipantAfter all, why can they build and maintain large aircraft (among other things) that have a very miniscule failure rate, but for some reason, we can’t manage to do that with healthcare?
Because there is someone on the planet somewhere that can tell you exactly how anything on an airplane works, why it was designed that way, and how to fix it. Not so much for people.
I love the way people get distracted on tort reform when they talk about the medical system. It’s obvious where all the money is going — to the insurance companies! But hey let’s ignore that and just focus on something that is 1-2% of the overall cost instead. This place is f***ing hopeless, nothing will ever change here because people are just too f***ing stupid.
But hey at least the weather’s nice here in SD! Gonna be a good one today I think 🙂
ParticipantI think that the Federal Reserve is really the best system we have now.
It would be much worse if money were issued by the Treasury. The deficit spending would then be totally out of control.
What alternatives do we seriously have to the Federal Reserve?
You may want to watch the video again more closely. What did the US do prior to 1913? Historically speaking, US government deficit spending has actually been much less when the Treasury issued the currency. And even if the government runs a deficit, the interest is paid to the government, i.e. the people. It can be used to pay national debts, it can be used to build public works, or it can be used to fund current operations allowing taxes to be reduced! Remember, there was no federal income tax prior to 1913. Currently the interest is paid to a tiny secret group of unbelievably wealthy individuals, many of whom are not citizens of the US. They can use it to purchase our property, they can use it to convert into gold, they can bribe politicians, pay assassins, they can do whatever they please with it. The sums involved are astronomical — it is difficult for ordinary folks like us to imagine the power these people have.
And when in doubt, you can just look at the US Constitution. The power to coin money and regulate its value is reserved for the Legislative Branch. But who reads that musty old document anymore?
Back to work, SLAVES!
ParticipantI think that the Federal Reserve is really the best system we have now.
It would be much worse if money were issued by the Treasury. The deficit spending would then be totally out of control.
What alternatives do we seriously have to the Federal Reserve?
You may want to watch the video again more closely. What did the US do prior to 1913? Historically speaking, US government deficit spending has actually been much less when the Treasury issued the currency. And even if the government runs a deficit, the interest is paid to the government, i.e. the people. It can be used to pay national debts, it can be used to build public works, or it can be used to fund current operations allowing taxes to be reduced! Remember, there was no federal income tax prior to 1913. Currently the interest is paid to a tiny secret group of unbelievably wealthy individuals, many of whom are not citizens of the US. They can use it to purchase our property, they can use it to convert into gold, they can bribe politicians, pay assassins, they can do whatever they please with it. The sums involved are astronomical — it is difficult for ordinary folks like us to imagine the power these people have.
And when in doubt, you can just look at the US Constitution. The power to coin money and regulate its value is reserved for the Legislative Branch. But who reads that musty old document anymore?
Back to work, SLAVES!
ParticipantI think that the Federal Reserve is really the best system we have now.
It would be much worse if money were issued by the Treasury. The deficit spending would then be totally out of control.
What alternatives do we seriously have to the Federal Reserve?
You may want to watch the video again more closely. What did the US do prior to 1913? Historically speaking, US government deficit spending has actually been much less when the Treasury issued the currency. And even if the government runs a deficit, the interest is paid to the government, i.e. the people. It can be used to pay national debts, it can be used to build public works, or it can be used to fund current operations allowing taxes to be reduced! Remember, there was no federal income tax prior to 1913. Currently the interest is paid to a tiny secret group of unbelievably wealthy individuals, many of whom are not citizens of the US. They can use it to purchase our property, they can use it to convert into gold, they can bribe politicians, pay assassins, they can do whatever they please with it. The sums involved are astronomical — it is difficult for ordinary folks like us to imagine the power these people have.
And when in doubt, you can just look at the US Constitution. The power to coin money and regulate its value is reserved for the Legislative Branch. But who reads that musty old document anymore?
Back to work, SLAVES!
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