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Originally posted by samkent
People have been predicting economic doom and gloom year after year. It just doesn’t happen. Things change, the economy expands and it contracts. Yes the dollar appears to be on a downward slope in the long run. But it’s far from a collapse.
Originally posted by samkent
To those who live a more self-sufficient lifestyle, I applaud you.
To those who stock pile cans of veggies and gold bars, get a grip.
Originally posted by samkent
People are not investing with good reasons, everyone is cashing in their dollars for gold and most smart people knows that we're on a path of no return.
Totally baseless. Your view of the financial world is so far askew it’s dangerous. Very few are cashing in their dollars.
Just look at the tv ads “Bring us your gold for immediate cash!”
The only ones cashing in for gold are those with the “survivalists” beliefs. And those are people who are not equipped to function in today’s society. And those who are “not investing for good reasons” are losing out on profits in the markets.
Originally posted by d00d557
My question to you guys is, how long do you REALLY think it will be until SHTF?
Originally posted by samkent
The only ones cashing in for gold are those with the “survivalists” beliefs. And those are people who are not equipped to function in today’s society. And those who are “not investing for good reasons” are losing out on profits in the markets.
Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. ...
The only reason we have a Society right now is because we have a military to force other countries to accept our currency.
Paper profits....Highly digestable ! If money is worthless,doubling your money doesn't mean much.
The only reason we have a Society right now is because we have a military to force other countries to accept our currency.
You know I never liked ol' George, come to find out he's a "crazy survivalist" not equipped to function in today's society and to think all the profits he's now missing out on golly geez who would'a thunk it!
Originally posted by illuminnaughty
Im not sure when it will happen. How ever I think it only right that we all make some kind of preperations. My thoughts are that TPTB, will instigate a world wide war and then they will all retreat, into their bunkers. Leaving us normal people, to fight over the scraps that are left. Time ? 3to 5 yrs seems about right to me. They have not been building seed banks and DUMBs for nothing. All the time lying to us, whilst they stock their bunkers. Using our money and supplys. I think the leaders of the world are all in it togeather. They have bunkers built in every country for the elite types. I shall just keep building my own stocks of food, medicine and weapons. Hopeing for the best but expecting the worst.
You need to do a little research before coming to conclusions. His gold is in paper and amounts to less than 9% of the total fund.
George Bush Sr. (past senior advisor): George Bush was on board around the time that Barrick paid the US Treasury less than $10,000 to acquired a Nevada mine (on Western Shoshone traditional land) containing $10 billion in gold. The US Secretary of the Interior Bruce Babbitt called this deal, "the biggest gold heist since the days of Butch Cassidy," and "a form of legalized extortion."
...Barrick Gold Corporation, the largest pure gold mining company in the world, is headquartered in Toronto, Canada. It has four regional business units (RBU's) located in Australia, Africa, North America, and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Australia, Peru, Chile, Russia, South Africa, Argentina, and Tanzania. On January 20, 2006, Barrick acquired a majority share of Placer Dome. The production of the combined organization moved Barrick to its current position as the largest gold producer, ahead of Newmont Mining Corporation...
www.crocodyl.org...
IMHO you are attempting to mislead people away from safety and into danger, more than likely people who can least afford to "play" why? I can understand if you have money to lose and that's your business but the OP here is not in any position to play ponzi with you.
Maybe it would be more instructive to tell folks when to get out of the market on timing if you are actually making any money at the market - that's the key isn't it? Knowing when to walk away from a gamble - most don't.
Originally posted by SunnyDee
reply to post by samkent
See there's your flaw, and a big reason for the coming collapse, constant manipulation of assets.
The common people may not be as smart as you at the markets, but we know right from wrong. And the way the market is played now, is wrong and worse than Vegas. At least in Vegas we know we are going to lose our money, they tell you it is a game of chance right at the door.
Originally posted by CosmicCitizen
the us dollar is due for a cyclical low in march 2011 then a counter trend rally which could coincide with a slide in the euro currency. this could last until the summer then the us dollar will probably roll over and in sep of next year and accelerate into oct-nov. watch the bond market to collapse and interest rates rise dramatically. the stock market will sell off with the higher interest rates and so will gold and other precious metals (esp those w an industrial use). the higher interest rates will support the dollar for a final rally (while gold falls)....and then, suddenly, arnd mch 2012 the dollar will continue down. taking bonds with it and gold will rally despite the higher interest rates....the culmination will be not in dec, 2012 but mch 2013.
my 2cts worse, fwiw.
I can just hear the Liberals SCREAMING as all their nice little social programs are trashed. The same programs that bankrupted the US in the first place.
The legislation, passed by 341 votes to 48 on Friday, authorizes the Defense Department to spend nearly $160 billion on overseas combat missions in fiscal year 2011 without major restrictions on the conduct of operations, the Associated Press reported.
The figure is higher than the $128 billion budget for fiscal year 2010.
The official cost of the wars in Iraq and Afghanistan has now surpassed $1.1 trillion.