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Gold and the US economy

 
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austrian123



Joined: 15 Oct 2010

PostPosted: Thu Nov 04, 2010 4:04 pm    Post subject: Gold and the US economy Reply with quote

Gold hit an all time high of $1393 ~ YEEHAW!!!!!!!!!!!!
The price of foods and commodities are going through the roof!


The Fed announced QE2 measures which will inject and expand the money supply by 600 billion to monetize the US debt. Meaning, the criminal banking cartel called the FED will be printing an additional 75 billion a month out of thin air to 'support' the economy by buying bonds that no one else wants to buy.

The US economy is in shambles. Real unemployment is over 22%, Real inflation is at least 5%, annual deficit is 1.4 trillion, and the national debt is 14 trillion dollars. Include unfunded liabilities and the real national debt is 80 trillion dollars = debt is 400% of GDP. The US is BANKRUPT.


With the onslaught of QE2, QE2, QE4 etc.....The US dollar will be destroyed and hyperinflation should set in within a couple of years. There will be some painful times for alot of people.


Protect yourself and buy precious metals: gold and silver. Gold and silver are the only true forms of money which will protect your purchasing power against government theft. Fiat currencies have no backing and are as valuable as the paper they are printed on. This only goes to show, you can't print money out of thin air to save an economy....Keynsian economics don't work. Those of you who still cling to fiat currencies...you've been warned.


I hope the US crashes and burns. The US totally deserves it....
and it will also make me rich cuz my gold holdings will go through the roof!
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Fox



Joined: 04 Mar 2009

PostPosted: Thu Nov 04, 2010 4:40 pm    Post subject: Reply with quote

On Jonny Quest, I learned that injections of 100% pure gold are the key to immortality. I'm fairly certain that after the public at large discovers this, gold will skyrocket.
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itistime



Joined: 23 Jul 2010

PostPosted: Thu Nov 04, 2010 5:43 pm    Post subject: Reply with quote

I wonder, with the inflation taking place in the preliminary stages over the past few quarters, along with the increase in gold's value.......

If them being on pace with each other actually makes gold MORE valuable.

I think it is smart to diversify your portfolio, but isn't the price of gold being manipulated just as much as inflation of the dollar (and other currencies) is by the current/currency regimes of the world bankers???

So, bread will cost me $7/loaf next year, but I'll also be coughing up more gold than I would have this year. No?
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chellovek



Joined: 29 Feb 2008

PostPosted: Thu Nov 04, 2010 5:47 pm    Post subject: Reply with quote

Rolling Eyes
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