Posted on 05/27/2014 6:08:21 AM PDT by blam
Okay so the Pharoah brought the curses and plagues against this country and the economic policies and the regulatory environment he created heavily contributed to inlation it but he had nothing to do with any if this. Sure. Okayyy....are you Jay Carney incognito?
That great chart of yours indicates Silver is about correct (ie the same) at $20/oz give or take. However, if you assume an ounce of gold was $20 in 1870 or even 1918 then that would mean $400/oz today. So either there is upside on silver or Gold is overpriced. Think it’s time to buy more silver.
Debt Free is good.
But the inflation is eating away at your savings. So why is that a good thing?
If we had moderate/high inflation wouldn’t you want to borrow money and have little savings?
^ in jest...
I'm in the same predicament as most seniors I know. It's the lack of interest paid on our savings that's eroding our savings.
The other thing that's hurting is all of the fees and increases in utility costs, because of "improvements" and government enviornmental "upgrades" and other such nonsense.
A 2% decline over 3 days isn’t the range of the overpricing I was referring to. To correspond with a $20 gold piece from the time frame in question it would need to plummet to about $400/oz. I could see 800-1000, but don’t see it dropping to $400 again in the near future.
Well, I’m pretty sure it wouldn’t matter who was president at this time the food situation would be no different.
To make matters better we’d have to go back to a time long before Obama and not remove hundreds of thousands of cattle from the US Forests and not put hundreds of thousands of acres in Wilderness Study Areas or reduce cattle numbers on Federal Land.
These things didn’t happen overnight, we fought but we lost and now the consumer is paying the price. The forests have turned into quagmires waiting to burn. The trash trees and brush have taken over so nothing is healthy.
I lay a lot at Obama’s door and it is people like him who gave us the crap regulations we have now and I have no doubt that if they weren’t already there he’d put out another EO but the chickens are only coming to roost on his watch.
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