Government Shutdown
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 Gary Charpentier     Send message Joined: 25 Dec 00 Posts: 30640 Credit: 53,134,872 RAC: 32 
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Gold is a fairly good store of value, but not so much as a medium of exchange, it is too bulky to move around in rapid manner. Not so sure about that .... Feb 1980 gold $664.30 Now $1127.00 Inflation from 1980 $664.30 now $1921.28 Seems like gold has gone down a good bit $800.00 in value, isn't that losing about 40% of its value! Warren Buffett wrote: "I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today's market prices about $7 trillion – that's probably about a third of the value of all the stocks in the United States…For $7 trillion…you could have all the farmland in the United States, you could have about seven Exxon Mobils (NYSE:XOM) and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I'll take the farmland and the Exxon Mobils." 
ID: 1730238 ·  |
betreger   Send message Joined: 29 Jun 99 Posts: 11361 Credit: 29,581,041 RAC: 66
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Seems like gold has gone down a good bit $800.00 in value, isn't that losing about 40% of its value! That is why I said it is fairly good, not good. Commodities have the characteristic of being somewhat volatile. As an aside I agree with Buffett. ID: 1730240 · |
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Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79
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Gold is a fairly good store of value, but not so much as a medium of exchange, it is too bulky to move around in rapid manner. I started a thread on gold about 2 years ago and the discussion did not go much of anywhere. As I recall, I said, obviously, gold has it's values as a good conductor, etc. ... . Paper/wood also has value: we can write on paper and build shelter our of wood. But why do we need it, or anything else backing our money? No matter what is backing our money, it is still really perception, isn't it? I believe, if a currency-reset is coming, it is because the doom-and-gloom Revelation's believers lost faith in our currency and pushed the rest of us over the edge. (Did they not fight the introduction of the credit card?) Again, if anyone's got good reason to believe currency reset is on the way and it's not wrapped in Armageddon end times doom-and-gloom prophecies, have at it. Make us understand. ID: 1730264 · |
Bob DeWoody  Send message Joined: 9 May 10 Posts: 3387 Credit: 4,182,900 RAC: 10
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But if governments collapse and anarchy prevails the stocks and bonds will be worthless. Businesses would cease to produce anything and it would be every man for himself. Most everybody would starve to death leaving the self sufficient few to set up spheres of influence sort of like what is being portrayed in many of the current TV series like "Defiance" and the "Last Ship". I do see where control of productive land would have the greatest value followed by possession of precious metals. And I hope I won't be around if and when it happens. Bob DeWoody My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events. ID: 1730265 · |
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Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79
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But if governments collapse and anarchy prevails ... If the former occurs, then the latter occurs if we let it. So many people lack ... ummm, lack of a better word? ... faith in the government, no matter which "side" is in charge. Yet they fear it's break down and insist it will be anarchy? ID: 1730268 · |
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Bob DeWoody Send message Joined: 9 May 10 Posts: 3387 Credit: 4,182,900 RAC: 10
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But if governments collapse and anarchy prevails ... I think it's true that any government is better than no government, at least for most of us. Bob DeWoody My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events. ID: 1730299 · |
TRuEQ & TuVaLu  Send message Joined: 4 Oct 99 Posts: 505 Credit: 69,523,653 RAC: 10 
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In Sweden government is said to loan money in bad times and that it was supposed to be payed back in good times when the country prospers... Unfortunatly sweden hasn't payed a nickel to mortgage the loans to make em smaller. So debt increase and we pay intrest and gets nothing from that payment of intrest but richer stock holders of banks. The good part for Sweden is that we have not that much debt that it couldn't be payed in a planned period of time. But we don't pay mortgage...only intrest. And every time Sweden's companies needs catalyst in more money for building infrastructure and stuff. The companies grows richer... But all people are supposed to pay back the loans.... And the poorest people of Sweden hasn't that much money after paying the mounthly bills...They get less healthcare, worse schools and less people working with taking care of our elderly propulation... So who did really benefit from taking thoose loans....The already rich people and the big companies... Who invented such an idiotic system in the first place... One should in a planned period of time pay the loans/mortgages one has taken. Worst case scenario of a country loaning a very large amount of money is bankrupcy. *Note* Don't let anyone loan money in your name that you will have to pay the bigger part of. //TRuEQ out. ID: 1731190 · |
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TRuEQ & TuVaLu Send message Joined: 4 Oct 99 Posts: 505 Credit: 69,523,653 RAC: 10
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What I write is how it is in Sweden. I bet US has bigger loans and therefor alot bigger problems. In Sweden government is said to loan money in bad times and that it was supposed to be payed back in good times when the country prospers... ID: 1731195 · |
janneseti  Send message Joined: 14 Oct 09 Posts: 14106 Credit: 655,366 RAC: 0
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What I write is how it is in Sweden. Today bankers and finanicial institutes are acting like slave holders. And that goes for ALL countries in the world! ID: 1731416 · |
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Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30640 Credit: 53,134,872 RAC: 32
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Today bankers and finanicial institutes are acting like slave holders.When have they ever acted differently? ID: 1731491 · |
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janneseti Send message Joined: 14 Oct 09 Posts: 14106 Credit: 655,366 RAC: 0
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Today bankers and finanicial institutes are acting like slave holders.When have they ever acted differently? 60 years ago we had this. Scrimp and Waste.  ID: 1731564 · |
Es99  Send message Joined: 23 Aug 05 Posts: 10874 Credit: 350,402 RAC: 0 
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Today bankers and finanicial institutes are acting like slave holders.When have they ever acted differently? Can you translate it for us? Reality Internet Personality ID: 1731567 · |
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janneseti Send message Joined: 14 Oct 09 Posts: 14106 Credit: 655,366 RAC: 0
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Today bankers and finanicial institutes are acting like slave holders.When have they ever acted differently? Glad you asked:) However the rhyming is lost. 1. Anything that is worn Waste want to throw but Scrimp tend to not be hasty. She cuts narrow strips of it in all colors and black and white. 2. And the strips spliced; then she clew everything. "Are you going to deal with rags?" said Waste. "No, crochet" said Scrimp, "the softest carpet". "Hold on to me!" said Waste. "Now I have to laugh" 3. Then it was Christmas, and Scrimp are saving, because the christmas carpet is done. How mother was grateful! She said, as is written: "The mat will delight me for life" 4. But Waste has no gifts to give. Her money is lost, so now we will see, how Christmas in "Whine Town" whatsoever look! Just as I thought: a tragic end! ID: 1731580 · |
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