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Post by littlegeneral99 on Jul 21, 2011 12:29:22 GMT -5
www.wtfnoway.com/mind boggling. before its just numbers but when you see it like this,it's mind boggling serious question is there actually enough bank notes to cover this?
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Post by sonofabelch on Jul 21, 2011 16:52:37 GMT -5
Nope, not even close
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Post by Deleted on Jul 21, 2011 17:42:43 GMT -5
ill give you ten guesses to that question little general. but the first nine dont count.
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Post by Bob Ill on Jul 22, 2011 14:08:32 GMT -5
.....Serious answer: All banknotes are fiat currency so it doesn't matter whether there are enough...they aren't real money. There is no way to avoid the currency/debt crisis now. Gold and silver will have to be revalued upwards to cover all of the outstanding fiat "money". The more they print, the higher gold will have to go. They will print. The US, and most other nations, will default but by debasing the currency (each dollar buys less), not by going "bankrupt".
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Post by littlegeneral99 on Jul 22, 2011 14:15:08 GMT -5
I guess they could start printing trillion dollar notes to cover it then welcome to Zimbabwe
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Post by sonofabelch on Jul 22, 2011 17:21:30 GMT -5
Economies are they greatest of lies. nations depend on them for everything. It's not what money is worth, it's what governments tell you it's worth that counts.
Eventually we'll come to realize that it's not worth jack shit.
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Post by Deleted on Aug 2, 2011 16:54:58 GMT -5
ok... so they did what they "had" to do. so do we buy gold or do we buy ammo ?
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Post by sonofabelch on Aug 4, 2011 3:44:54 GMT -5
Both.
What we just went through was nothing more than a farce designed to drum up support for whichever side people wanted to further support. A grand show which was a chance to bring each side to the center stage in preparation for next year's election. In actuality, they didn't "fix" a fucking thing. There ws never a chance they wouldn't come to some last minute deal which seemingly saved the world.
They will make some cuts which will please Republicans- but will simply shift funds from other areas to fill the gaps. They will increase the debt limit once again, as we all knew they would anyway. They didn't fix a thing.
Gold will rise to $2,000 and ounce soon, cementing the fact that it's one of the few standard tangibles that will always grow in value.
Bullets (and guns) will rise sharply leading up to next year's election. This will be due to a perceived threat to our right to own them and further attacks on that right, led by an administration which will have little to resist it after it wins next year. Gun and ammunition manufacturers will also create a swell of fear designed to drive up costs using the election as a foundation. It happens every election cycle. If you're thinking of any sort of AK or AR platform, now would probably be the time to get it, as even if no new laws banning them are passed, the market itself will be affected by the coming election.
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