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Thoughts on the Dollar


Cordell

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Anybody notice how many places are buying gold? Why do you think that is? Here's my thought, the government is going to drive down the value of a dollar by printing more money in their efforts to get out of this recession. This will enable people to sell the gold later for lots more dollars......

 

discuss...........

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Um, didnt Obama print out another 600 billion dollars just recently. Mark my words, I think another big recession is in the works.

 

I don't understand how the government can spend its way out, that's for sure. We've spent some 37 billion dollars on unemployment "benefits" in the last few years, all thats going to do is raise taxes for businesses and keep more people unemployed.

 

 

Too many democrats in power.

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I don't understand how the government can spend its way out, that's for sure. We've spent some 37 billion dollars on unemployment "benefits" in the last few years, all thats going to do is raise taxes for businesses and keep more people unemployed.

 

 

Too many democrats in power.

 

i like how you quote "benefits".

 

being recently unemployed, it definitely is a "benefit" to me...otherwise i'd be cracking into my limited savings immediately to pay my mortgage, and that would last for about 5 months IF i dont find anything.

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Anybody notice how many places are buying gold? Why do you think that is? Here's my thought, the government is going to drive down the value of a dollar by printing more money in their efforts to get out of this recession. This will enable people to sell the gold later for lots more dollars......

 

discuss...........

 

Currency manipulation has been working pretty well for China the past few years.

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Nobody knows what will happen and anybody that claims to know is full of shit. The people in office in any country are just rolling the dice and praying for the best.

 

There are no economic models or solid ways to really predict what will happen. The only constant is uncertainty and that is what drives the problem and makes a smart business person NOT want to spend money.

 

If you don't know what your tax rate will be after the first of the year would you want to expand?

 

As long as you can shoot a gun and grow a potato you will be fine.

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itt: people who don't have a full grasp on economics.

 

on topic: Yeah, its the gold companies buying gold, so they can sell it back to you in the form of some stupid glen beck coin at a highly inflated cost in order to prevent americapocalyse.

 

Sorry bruh I majored in econ.

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Nobody knows what will happen and anybody that claims to know is full of shit. The people in office in any country are just rolling the dice and praying for the best.

 

There are no economic models or solid ways to really predict what will happen. The only constant is uncertainty and that is what drives the problem and makes a smart business person NOT want to spend money.

 

If you don't know what your tax rate will be after the first of the year would you want to expand?

 

As long as you can shoot a gun and grow a potato you will be fine.

 

Actually there is a model that tells exactly what will happen, its called the Quantity Theory of Money

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Actually there is a model that tells exactly what will happen, its called the Quantity Theory of Money

 

I will have to research this and might use it in class. I do have a hard time accepting there is anyway to predict this dumpster fire of a world economy right now.

 

Mind you I have had a few high octane beers tonight, so my "ideas" might be a bit off.

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I tried paying for a whore with four links off my gold chain the other night. She wanted the 80 bucks in cash though. So we hit the ATM after some ATM.

 

I was able to get some weed for the 4 links though from the dope man. He said he takes gold because regardless what the dollar is worth gold will always hold its value. Just like it always has. Gold has international value.

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There were gold buyers in the 70-80's wishing they'd never bought gold until recently assuming they held on to it. Just say'n its not something I'd consider a bright investment.

Basically any time the world could recover and your stuck with a bunch of gold and no way to sell it without a loss.

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Gold is not an investment, like someone else here said, it is a hedge against inflation. Personally, as someone who is not rich yet, I like the idea of money being cheaper. I think the people who worry about doom and gloom consider economics a zero sum game and fail to see that as long as some kind of change is occurring there are opportunities to make money.
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I think the people who worry about doom and gloom consider economics a zero sum game and fail to see that as long as some kind of change is occurring there are opportunities to make money.

 

This, I've done very well with my investments all through this recession and the last one. Though I don't invest, I swing trade.

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