But dollars are not in unlimited supply. If they were, they would be valueless.
Yes I understand your theories rely totally on your distrust of the government, investing in things that they really cant control.
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The global Debt Clock
- Thread starter BLUE_KAWI
- Start date
But dollars are not in unlimited supply. If they were, they would be valueless.
Yes I understand your theories rely totally on your distrust of the government, investing in things that they really cant control.
imkruzen while I completely agree with you I see one very large fault with what you are saying....
You are buying "gold" however you don't physically have the shiny block or coins in your posession. All you have is something that you can check online and it tells you that you own X amount of. Posession is 9/10ths of law. You tell me in a complete economic failure how you are going to get your hands on all the gold you supposedly own?
If you are in fact stock piling that **** in your basement, then by all means I completely agree with what you are doing.
You are buying "gold" however you don't physically have the shiny block or coins in your posession. All you have is something that you can check online and it tells you that you own X amount of. Posession is 9/10ths of law. You tell me in a complete economic failure how you are going to get your hands on all the gold you supposedly own?
If you are in fact stock piling that **** in your basement, then by all means I completely agree with what you are doing.
imkruzen
Well-known member
You had indicated that this is just a normal economic cycle last year when I posted the video on hyper-inflation and gold was around 1200. What can you prove that your theory is working out and mine isn't?
Look back at your historical fiat currency fails and note the inflation rates. When things really start to get bad, i will start to worry.
Believe it or not, if the U.S.D totally collapses your and I will be in pretty much the same boat, and its no luxury cruise.
Its not like I have a 100 g's in USD waiting for it to hit $1.50 canadian again.
imkruzen
Well-known member
Why do you think that USD are in limited supply? A key stroke can create trillions on a deposit and the FED has been the buyer of last resort in the bond auctions, buying up to 80% of the issues.
Can you prove that yours is?
Hyperinflation has yet to hit, believe it or not.
The U.S was in debt huge while they were still in an economic boom. What are they supposed to have a 4 year turn around time to prove its just an economic cycle.
imkruzen
Well-known member
I'm glad you agree with me.
I dont see why they would purposely distroy their currency.
You realize that if this one does fall apart its only going to be followed with another fiat note right
imkruzen
Well-known member
They don't have industry, just "Not Made in Amerika" tags on their goods.
If he is that worried he better damn well have it in his posession.
imkruzen
Well-known member
The only way that they can get the public to accept a failed currency is most likely with a gold certificate ratio to put a floor under the USD.
imkruzen
Well-known member
Yup
The only reason gold has been valued since the beginning of time is that chicks like it and will put out for it. It's sad but all that drives humanity is getting laid.
imkruzen
Well-known member
You need to be proactive not reactive to survive the melt down. If you don't believe in PMs then go buy nonperishable goods and store them. They don't pay you to keep money in the bank anyway and the goods you buy will be consumed in time anyway, so there is no risk involved. If food prices are going down in your area let me know so I can shop there.
imkruzen
Well-known member
You're gettin laid from behind by the Governments of the globe. You like it?
Well if your theory pans out their will come a time when everyone runs out and spends their entire paycheque as soon as they recieve it on anything that wont expire as quickly as the value of their pay.
Like i said im not sitting on a pile of cash waiting for it to gain value.
Gold was looked at as a good currency because it is in limited supply and can not be reproduced. Currency needs to be rare to hold value. If dirty because our new currency would you work for me for a lb of dirt a day. probably not since you have tons of it in your back yard.
Paper money is printed in limited supply so it holds value. Imkruzen doesnt trust the government to do this.
imkruzen
Well-known member
Watch riots grow around the world, I mentioned this as well. It will eventually make it's way to the decimated economy of US. There are already 44 million on food stamps. Millions homeless, millions jobless. What happens is the public gets fed up with it all and the smallest thing will set off anarchy. In london, it wasn't over the shooting of the drug dealer. The people of the UK had enough of the police state and the shooting set it off.
imkruzen
Well-known member
Look at the graph of the Swiss Franc to CDN dollars or better yet, the USD. Swiss are fighting back by printing more. High valuation kills export, but Swiss currency is percieved as a safe haven, unlike the USD.
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