So I'm starting to think we CANT print money fast enough, and I hope I'm wrong.
We aregoing thoughHYPER-deflation, commodities down 75% in the last few months, houses down, etc etc...
The fed is trying to stablize things by printing money, but I dont think they can legitimately print money fast enough, granted if the rest of the world's gov'ts print money fast enough they could stabilize things, but either way I guess the best investment will be cash?? Unless they print tooo much money and we over correct to hyperinflation. Its going to be tough to time.
what do some of you financial guys think? gold is tanking now just like silver did, we could see gold at 500/oz in a few weeks....
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if the rest of the world's gov'ts print money fast enough they could stabilize things
It's rather simple actually. The feds can and will print enough to "get us by", or to "stabilize" things. However, the eventual outcome of doing so can only have detrimental consequences on our economy. Printing more fake money not backed by anything can only cause hyperinflation to rise beyond the point it's already at.
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We were made by God and for God, and until you figure that out, life isn't going to make sense.
If a nation expects to be ignorant and free, in a civilization, it expects what never was and what never will be.
what do some of you financial guys think? gold is tanking now just like silver did, we could see gold at 500/oz in a few weeks....
Yes we could and we could see it at $1000/oz just as fast. Just watch and see. We'll see what the financial guys (guy) says. My guess is that there will be no prediction. Can't predict the future.
Printing money should offset deflationary forces, then overpower them and drive up prices and interest rates. Way too much spending with no end in sight!
Printing money should offset deflationary forces, then overpower them and drive up prices and interest rates. Way too much spending with no end in sight!
I'll be buying gold, and oil soon, I think it will take a few months for the inflationary effects to start.. I think we'll see 50/barrel for oil soon...
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Hoyt VTEC 28" @ 74# 283 ft/s
GTProHunters 5575 wraped and Blazed
100 Grn Rcky Mtn Snypers & Stinger 4 Blade
STS, QAD Ultra Rest Pro
Printing money should offset deflationary forces, then overpower them and drive up prices and interest rates. Way too much spending with no end in sight!
I'll be buying gold, and oil soon, I think it will take a few months for the inflationary effects to start.. I think we'll see 50/barrel for oil soon...
Don't count on it, OPEC is already set to cut back production.[:@]
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For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
Printing money should offset deflationary forces, then overpower them and drive up prices and interest rates. Way too much spending with no end in sight!
I'll be buying gold, and oil soon, I think it will take a few months for the inflationary effects to start.. I think we'll see 50/barrel for oil soon...
Don't count on it, OPEC is already set to cut back production.[:@]
All you bet they will and when they do the democrats will all say Bush made them do it
Printing money should offset deflationary forces, then overpower them and drive up prices and interest rates. Way too much spending with no end in sight!
I'll be buying gold, and oil soon, I think it will take a few months for the inflationary effects to start.. I think we'll see 50/barrel for oil soon...
Don't count on it, OPEC is already set to cut back production.[:@]
All you bet they will and when they do the democrats will all say Bush made them do it
Of course they will blame Bush. Thats why it might be a good thing if Obama gets in, they have no one to blame but themselves then.
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I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
Yes we could and we could see it at $1000/oz just as fast.
i presently hold a pretty good quantity of gold. Have made a lot of money on gold inpast. Keep in mind that you are "allowed" to hold gold at the "pleasure" of the US government. All it takes is a presidential order or an act of congress to take away the"priviledge" of owning gold.
In April of 1944 president Roosevelt decreedthe ownership of gold bullion to be illegal. All gold bullionoutside of coin collectionsin the USwas supposedto be turned in.Most gold was not turned in.
Quote:
FDR devalued the dollar by 69.3%. Before this devaluation, it took 20.67 dollars to exchange for one ounce of gold. After the devaluation, it took 35 dollars in exchange for that same ounce. The table shows that the total US gold stock rose from 193.3 million ounces before the confiscation to 195.1 million ounces after. At $35 per ounce, the gold stock's dollar value in January 1934 was revalued to $6,829 million.
Can We print enough Money?
