Posted on 10/10/2009 8:02:36 AM PDT by ChessExpert
Rumors are flying that secret meetings are taking place between Arab states, China, Russia, Japan and France, to dump the dollar and replace the U.S. currency’s role in the pricing of oil. The dollar fell against the euro, yen and Swiss franc, while gold hit new highs of $1,041 an ounce.
Is there any truth to the rumors that the dollar is being replaced by a basket of foreign currencies, and what will be the impact your investments and the U.S. economy?
I give a lot more credit to a Republican House and Senate during the '90s.
All better now.
Invest in buying politicians who will send $$ your way to be able to buy more politicians.
I don’t know other than I’ve heard to buy junk silver.
Although I did get a 1907 Liberty Barber Dime in the till today!
Or state agency, or federal agency, or any utility.
But they exempted 100 dollars, which would be 5 ounces.
I would be willing to bet that in 1933 most Americans did not own 5 ounces.
I would also bet that in 2009 most Americans don’t have 5 ounces.
Pretty sure I’d win both bets.
See my tagline. One's purchase price buys one somewhat greater control over real property than an outright renter would have - for as long as the ultimate property owner, the government, allows one to exercise that control.
“Invest in buying politicians who will send $$ your way to be able to buy more politicians.”
I know you’re being facetious, but tragically there is truth in what you say. Still, life isn’t about how to make things easy. It’s about trying your best to do what is right, irrespective of the personal costs. All those young men and women who have died in the past several years trying to defend our lives, and those of our children, from fanatics have made that sacrifice. I would rather die than buy into the corruption of the system. Life is short, even if you live well past the expected duration, and to demean its value by selling out is worse by far than living a shorter life.
Touche!
Quite right.
They may take your life, but they'll never take your freedom (thanks for that one, Mel Gibson).
It's good to diversify your assets: some land, some gold and silver, some other commodities, stocks, bonds, etc. Just never forget that one important asset class; blue steel, cordite, brass, and lead.
Also remember Zimbabwe. It can happen anywhere if you don't properly diversify.
Humor apparently has to contain some truth. If it took conservatives having to buy a majority of Congress to get the country turned around, the means could justify the ends. Not a good long term solution. Something has to be done though.
That's up to the Chinese sadly enough.
Did you know that it was against federal law to purposely avoid triggering mandatory notifications of transactions? 5 years, and/or $500K is the penalty. If you go to the bank with 10K to deposit, they have to notify the feds, if you somehow connive to split it up into two deposits of 5K, you are a felon....govt is my friend.
Without the open gates of immigration, and of course the broken ones causing illegal immigration, this country would still be just about the same in population as it was in the early 70’s. Remember how traffic flowed?
It’s a warning shot to 0bama to stop printing money.
http://www.time.com/time/photogallery/0,29307,1879735,00.html
Bill Clinton was projecting deficits as far as the eye could see, he worked as hard as he ever worked, and just couldn’t deliver on his promise of a balanced budget.....what did it? 1994 Republican takeover of Congress, back when they were still trying to deliver on promises. Makes you wish that divided govt was what we always have.....maybe a Dim Prez, and a Republican house is the best.
Not this again!
My sister’s cheap, low function Texas Instrument calculator in 1978 cost about $100, a personal computer cost 10-20K, minimum wage in 1980s was $3.15, a new 1982 Corvette went for 19K, a 1958 El Dorado cost 20-25K, and average home cost 25K in 1970 (average annual wage was 8K).
Compare apples to apples: If breakfast cost 40 cents and your hourly wage was a buck, the percentage of your hourly wage was 40% of your hourly wage. Real cost my friend. Tax rate was 72% for high end wage earners. Put into modern terms, assume today’s average hourly salary is $12 per hour and a grand slam at Dennys is 3.99 then breakfast is cheaper today than back in your ideal nostalgic time period (40% of $12 per hour = $4.80).
Yeah....right before the election....”coincidentally”.
In the Great Depression I believe they seized everyone’s safety deposit boxes (for the good of the country, not the cheeldren). Lesson there is...if you own gold, don’t store it where the fed gov can get it’s grimy paws on it ....like in a bank, especially if that bank has been compromised (pwned) by Uncle Sam, aka Unk Obammie.
Like the ACORN ho said, bury it in a tin in your back yard. It’d be safer.
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