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(Obama) Urges Americans not to 'stuff money in mattresses'... Developing...
The Drudge Report

Posted on 03/07/2009 11:30:45 AM PST by Sybeck1

NYT SUNDAY: Obama can not assure economy will grow again by end of year; Urges Americans not to 'stuff money in mattresses'... Developing...


TOPICS: Front Page News; Government
KEYWORDS: banking; bho44; bhoeconomy; economy; hopeychangey; obama; obamanomics; tm; zeronomics
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To: Ellendra
Jewelry was also exempt the last time gold ownership was banned. And chains are easy to cut to length, making for a more flexible barter item than bars.

Bingo! The downside to chain is the cost that went into making it. It would probably be less expensive to buy gold wire. I think gold comes in wire & various gauge sheets, tho I've only purchased silver that way. (I make silver jewelery as a hobby.) You can cut 30 gauge sterling silver with a scissors & twenty gauge with tin snips.

261 posted on 03/07/2009 9:27:30 PM PST by GoLightly
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To: Sybeck1

He wants us to put it all somewhere it can be easily snatched away by congress.

It’s too hard to go door to door to steal it.


262 posted on 03/07/2009 10:00:20 PM PST by Califreak (1/20/13-Sunrise in America)
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To: rdl6989

I still have a little.

It will probably fit in my bra...


263 posted on 03/07/2009 10:01:04 PM PST by Califreak (1/20/13-Sunrise in America)
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To: Sybeck1
Little did we know that Biden would be the smart one. Whats scarier he is socialist or incompetent?
264 posted on 03/07/2009 10:03:19 PM PST by Brimack34
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To: Sybeck1

In the wake of Obama's comment, here is a tracking graph of the sale of mattresses.

Here is the Dow Jones since Barry the Kenyan took office.


265 posted on 03/08/2009 3:59:44 AM PDT by SkyPilot
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To: EBH

I am pretty confused I followed the links and read everything you posted, but what does that tell us we should do? I don’t have any gold, but I do have considerable savings in a MMF. I have been thinking about taking it out a little at a time, too.


266 posted on 03/08/2009 5:25:49 AM PDT by PatriotGirl827 (Pray for the United States of America!)
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To: Miss Didi

I will try it. thanks


267 posted on 03/08/2009 6:20:00 AM PDT by mel
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To: Hardastarboard

hello, john galt

nice to meet a like thinker


268 posted on 03/08/2009 6:34:37 AM PDT by silverleaf (Freedom's just another word for "nothing left to lose")
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To: autumnraine

I too thought it was a very weird thing to say

makes me wonder what his crack economic team is briefing him about why the economy is failing

next- an executive order taxing mattresses?


269 posted on 03/08/2009 6:36:20 AM PDT by silverleaf (Freedom's just another word for "nothing left to lose")
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To: Halls

It’s plenty crowded enough here in East Texas. Don’t start the rush.


270 posted on 03/08/2009 6:45:49 AM PDT by catfish1957 (Hey algore...You'll have to pry the steering wheel of my 317 HP V8 truck from my cold dead hands)
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To: mojitojoe
BS

Great argumentative technique.

Expiration dates on bills is being done in Zimbabwe now.

I guess that is BS too.

271 posted on 03/08/2009 7:20:51 AM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: mel

The Revlon eyelash curler is the best...will last forever, too. Give your lashes a good curl and then quickly apply your mascara. It will make them really glamorous. ;)


272 posted on 03/08/2009 7:35:21 AM PDT by Miss Didi ( "After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
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To: Sybeck1

I see the market plunging 200 points on his words on this alone.


273 posted on 03/08/2009 7:38:51 AM PDT by KC_Conspirator
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To: catfish1957

Crowded? I think not.


274 posted on 03/08/2009 7:48:58 AM PDT by Halls (I'm with Rush, I want Obama to fail!)
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To: TexasNative2000

The guy is beyond a doofus: He is an idjit.


275 posted on 03/08/2009 8:32:15 AM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: Sybeck1
Urges Americans not to 'stuff money in mattresses'

Is it good for anything else?

276 posted on 03/08/2009 8:33:19 AM PDT by The Anti-One (So likewise ye, when ye shall see all these things, know that it is near, even at the doors.)
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To: UCANSEE2
At least stuffing it into a mattress isn't illegal.

Not yet!

277 posted on 03/08/2009 8:34:34 AM PDT by The Anti-One (So likewise ye, when ye shall see all these things, know that it is near, even at the doors.)
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To: Hardastarboard
"I’m boycotting the 0bama economy. As far as I’m concerned, he can take my money in taxes, but he can’t make me spend what I have left. I’m only buying guns, ammo, food, and gasoline at this point."

What about golf equipment?

278 posted on 03/08/2009 8:36:50 AM PDT by Republic of Texas (Socialism Always Fails)
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To: GoLightly

If your Lincoln Memorial penny has a date before 1982, it is made of 95% copper. If the date is 1983 or later, it is made of 97.5% zinc and plated with a thin copper coating.

For pennies minted in 1982, when both copper and zinc cents were made, the safest and best way to tell their composition is to weigh them. Copper pennies weigh 3.11 grams, whereas the zinc pennies weigh only 2.5 grams. Be sure to use a scale that is accurate enough to detect the tenth of a gram (0.10) or better. If you weigh a zinc penny on a scale that can only register full 1 gram increments, the penny will usually display 3 grams, since the scale rounds the 2.5 gram zinc penny upwards to 3. The wrong type of scale can be misleading when you are trying to sort copper and zinc pennies.

Drop Test for Copper and Zinc Pennies
If you don’t have a tenth-gram scale handy, you can use the “drop” test. You need a hard Formica surface, a known copper penny, and a known zinc penny. Drop each one onto the table, listening to its distinctive sound. Zinc pennies have sort of a flat “clunk,” whereas copper pennies have a higher-pitched, more melodious “ring” sound. Once you have a good feeling for how each type sounds, start dropping your 1982’s one at a time, listening for the sound they make, and you should be able to sort them out by metal composition. Obviously, this test isn’t as reliable as weighing them, but it should help you sort most of copper and zinc pennies.

Caution: Only use the drop test on circulating pennies where you are sorting copper and zinc for the bullion value only. Never drop collectible Uncirculated or Proof coins in this fashion to test them, since dropping pennies on a hard surface might cause minor damage that can make a collectible coin less valuable.

Cherrypicker’s Tip - Watch out for “transitional” mint errors! “Transitional” errors occurred on the Lincoln Memorial Cents when the Mint accidentally used copper blanks for 1983 pennies. These “wrong stock” pennies weigh 3.1 grams, rather than the 2.5 of the zinc cents. If you find a copper 1983, it just might be worth... a pretty penny!


279 posted on 03/08/2009 12:14:06 PM PDT by snippy_about_it (Looking for our Sam Adams)
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To: snippy_about_it

Very informative & interesting to boot! Bookmarking!


280 posted on 03/08/2009 4:18:32 PM PDT by GoLightly
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