Discussion in 'Members' Lounge' started by Cashizslick, Apr 5, 2011.
.... are screaming today. $1453 gold and $39 silver as of 1pm on 4/5.
i cant really decide if the dollar is just losing its ass and gold is justified, or if its all this america is gonna collapse, rush for gold, world economic instability thats leading to a huge bubble
i personally think gold is gonna have a decline
also predicting hyper inflation as the fed just stands by and watches as the rest of the world raises interest rates, but what can we do? raise rates while trying to recover?
its a no win situation
If we yank up the interest rate and drastically cut taxes, things may improve. People will get paid more and have an incentive to save it, unlike now where savers are getting punished.
Also, here are the 10 year charts:
along with the tax cuts we need to drastically cut spending
and the way things are going, the white house is running around like a "insert name here" with a tax check, so i don't see any spending cuts coming anytime soon
and of course, cuts to gov't spending directly impacts jobs and job growth
so will the tax cuts be enough to get the economy moving enough to absorb the even greater influx of unemployed?
and ffs, whats with the gov't using the people on unemployment as their % marker while not including the people who have already ran out of their 2 years extension on unemp and still arent finding work
so much for transparency
gotta love how everything drops just as Obama gets in office.. silver and gold are on a steady rise, just after April of 08 they drop like no other.. next please!
You could say there is correlation between these graphs and obamas disapproval rating.
This generation is gonna say I remember when gold was cheaper than an oz of herbal supplements.
2006, i told you so.
Investing in Silver - SavingsTalk.com
Gold is more than doubled in 5 years too... Since gold itself remains (mostly) stable and the value of the dollar fluxuates around it, doesn't a doubling of the dollar value of gold mean that the dollar is half as valuable as it was 5 years ago?
I remember when it was "worth it's weight in gold".
I don't think lowering taxes will help at this point for the simple reason that other incentives, such as a low interest rate, haven't improved the housing market.
the inertia in this recession puts us in uncharted water. the 2001 recession was a tech stock bubble, there was nothing to it of substance. Once the market corrected it recovered and we were off and running.
Compare that with what the 91 production recession did to the places effected like Detroit. What followed since has been a 21% depopulation of the area and to this day it has never recovered to what it was once. There is instead a "new normal."
Instead of auto manufacturing what we have here is a bubble based on empty houses. Until the vacant home percentage, and foreclosures, go WAY down normal rebuilding incentive such as tax breaks will do very little, just as lower interest rates have failed to improve the housing market.
If we do recover I'm guessing it doesn't start until tax return time of next year, when the second run of foreclosures has ended.
Dayton stopped making gold wheels some time ago because the price of gold was too high.
Until our tax code is changed and makes it profitable for business to stay in and work out of the USA, our economy will be forever fucked.
And it's your fault. You bought the good made in china because it was $5 cheaper than the one made in the USA. It's my fault for buying foreign cars. Its the countries' fault for lettings the idiots breed more idiots and a failure of an education system on the whole with people who just don't give a shit and expect to be taken care of with food (stamps), (public) housing, (gov't) cell phones, and on and on and on......
FDR started it in the 30's and its simply too late now. If you cancel it, poverty will be so widespread that those who work for a living will be robbed, killed, mugged, and have all of their stuff stolen in a matter of months. Because people aren't honorable any more. No respect.
So, unless we get a ctl + alt + del from a meteor, or nuc bomb, things will NEVER get better. No matter who's in office. ALL of these people need to change, and they won't, so they need to die.
pretty dramatic closure there
is this your "final solution"?
It's the only plan that will ever work. We dug our own grave and the only way out of it is a change of mentality (which you know as well as i isn't going to happen) or their deaths. Without either, we all suffer and live with the shit our socialist forefathers have left us.
Uncanny how everything in this video is coming true, especially about the wage increases/decreases.
YouTube - Ross Perot Giant Sucking Sound
it's not the taxes that make the companies leave, it's the cost of work like Perot stated. Companies get good tax breaks if they have good lawyers. Jon Stewart was talking about some company the other night that paid 0 in taxes for last year.
That company was GE
The GE-Obama affair, and Jeff Immelt
GE and obama want the same things - crony capitalism... where the government is a huge “partner”.
Separate names with a comma.