Do all those home owners who still want top dollar for their property (despite the Great Recession) then turn around and raise their home price from $985,000 to $4,385,000 because.....well - the dollar doesn't buy as much as it used to?
“My best sources of information report that some unexpected “deep shocks are coming from USGovt creditor nations. They are simply fed up, frustrated, and astonished at the manner of
lost control,
spiraling debts, and
blatant monetization amidst LIES IN DENIAL of that same monetization.”
we are fed up too.. especially with the lies.
” Is this a gold sales pitch?”
Well, it ain’t a pitch for the dollar. That’s for sure. If anything, it’s for a movement out of the dollar, towards the acquisition of commodities (as China’s been doing for some months). Old news for the Chicoms though. Their investment in us is pretty well screwed, though we are a decreasing market/investment for them (I imagine they wish we were still smaller).
If I had a dollar for everytime the dollar was going to go bust . . .
I wish people would clue in that when conservatives buy into this nonsense they are really helping third world wannabee dictators.
Its silly to believe this nonsense.
Well, IIRC, our actual total fiscal exposure is over $600T, $24T of that by the end of this year.
48% of 7-Yr Fed Notes were bought back after a few days recently. That’s a whirlpool if ever there was one.
Ticker guy & Peter Schiff are all over this.
He who controls the debt controls everything.
If the dollar collapses, with what will we purchase foreign oil?
need our government to give our money back fast and stop destroying the country.....no more spending and no more acorn....for sure
“I’ll take paragraphs for $200, Alex.”
Well, when I read this kind of stuff, I get the same reaction that I used to get when I had Directv and would watch Glenn Beck.
Buy more rice! Buy more ammo!
Worth its weight in gold...
“At today’s deflated prices, putting together a really good billion dollar deal is a difficult thing to do.”
bttt
When you borrow 10 thousand the bank owns you. When you borrow 10 trillion you own the bank.
I think anyone who has not invested in precious metals is foolish because the value of the dollar is going to spiral down in a hurry. Today, Gold is almost $1000/oz. Silver is over $15.00/oz. If you had invested in these metals in the 1990’s to 2000, your investments would have increased 300%.
But, because of the very unstable economy, and who is in charge of it, precious metal prices will skyrocket. Best to buy now before the prices skyrocket upward. UNLESS of course you feel that the “Great Catching Up In The Air” will take place very soon, in which case. just hang loose.
I think anyone who has not invested in precious metals is foolish because the value of the dollar is going to spiral down in a hurry. Today, Gold is almost $1000/oz. Silver is over $15.00/oz. If you had invested in these metals in the 1990’s to 2000, your investments would have increased 300%.
But, because of the very unstable economy, and who is in charge of it, precious metal prices will skyrocket. Best to buy now before the prices skyrocket upward. UNLESS of course you feel that the “Great Catching Up In The Air” will take place very soon, in which case. just hang loose.
Yes,you better get some like I did 10 years ago and it made me a wealthy man.
You read my mind. I have to wonder if some of these people who have gold are wanting to dump it and buy stuff.
parsy, who got fed up with the sales pitch about half way thru it,
“The USFed liberally uses its USDollar Swap Facility to enable strong bids by foreign central banks, except that they are highly likely coming from USFed accounts on foreign soil, or else from money lent by the USFed itself. Warning after warning have come not to monetize, not to debauch the USDollar currency, not to permit skyrocketing deficits. “
Whoa guys!!! This part triggered a memory...
Remember when that Congressman from Florida was laughing at Bernanke. The issue was that we ‘loaned’ international banks (don’t know who he says!?!) billions upon billions of dollars...
Also, the part that made me remember was the astonishment of the Congressman when finding out we gave like $? to New Zealand, enough for $? for every citizen!!
It just dawned on me. We are SOOOO monetizing our debt by buying our own debt!!!
Our dollar doesn’t have any value right now does it??? If we can’t get ANYONE to buy our debt except ourself??
It’s like paying myself with my own credit card!! After a while, you run out of credit cards to transfer money to!
Oh God help us.
Dollar gets stronger soon.
Deflation coming, not inflation.
Oh, and if you are young, learn to speak Mandarin.
Could someone with billions of dollars of personal wealth exert enough influence on the dollar to drive it down after buying positions in the international marketplace betting on the dollar to go down?
There is such a person who placed such a bet on European currencies in a successful bid to cause their value to go down. He made more billions by manipulating that currency. Now, he is betting that he can elect his own politicians and he’s succeeding so far.