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Discussion Starter · #1 ·
Sorry, this is going to be a bit of a rant, but I’m sure most of you (adults on this site) are already invested in gold and silver, so I don’t need to talk about that.
I’m sure most of you (again, adults on this site) know to avoid U.S. government bonds, so I don’t need to talk about that either.
When I meet people in person, I try to avoid all topics involving economics and finance because it does no good to tear down people’s arguments.
I fight my battles with facts, but this is an ill-advised strategy when you talk to people who brandish subjective arguments.
But when it comes to our leaders, I tear down arguments with pleasure.
They are mortgaging the future of our children by giving them an insurmountable debt burden, and this is a moral issue that bothers me.
Our leaders have been consistently wrong: How naive do you have to be to believe them over and over again?
Bernanke said there would be no more quantitative easing, and people actually believed him?
How stupid.
We had a chance to preemptively solve this crisis, but everyone had their heads in the sand.
Everyone refused to believe something like this could happen and just shrugged their shoulders and said “oh well, we’ll deal with it when the crisis comes.”
Instead  of honest, intelligent debate, concerned Americans received conspiracy theorist esque attacks.
Now if this isn’t the definition of stupidity, please tell me what is.

Yesterday (8.9.11) Obama said America will always be a AAA country no matter what.
Damn, I wonder if he took any history classes at Columbia?
Let me tell you he does not understand the rise and fall of nations.
He doesn't understand (or he fully accepts) that corruption always infects politicians while apathy destroys populations from within.
He doesn't understand (or he fully accepts) the concept of lame-duck leaders, which is ironic, because he will be a shining example of one in future history books.
Natural phenomena follow rhythms too, whether we are talking about sunspots, electromagnetic waves, or diseases.
Believe it or not, the weather cycles too, so all these people who are in hysteria over man-made global warming are staring at the elephant’s ass.
They can’t see the big picture.
It's all about the carbon taxes being pushed through.
But this is a another topic for discussion completely.
A lack of lucid thinking affects us all, and this is why I get so riled up by the masses' stupidity.

I’ve said in other posts, the situation for banks is a lot more dire than commonly known, and this was clearly reflected by rising excess reserves.
Look at their actions.
Banks have Tier 1 capital requirements so when they don’t lend, you can infer that their balance sheets are not clean.
Who’s thinking in America?
This is why I’ve always said lower interest rates won’t do a thing: if banks don’t have confidence, people will not get loans.
And small businesses with the ability to expand are scared out of their minds by this Administration, so they are sitting on their hands.
Why is this so hard to understand?
People need to wake up.
I am used to being called a conspiracy theorist at this point so it doesn’t bother me anymore.
My will to inform the uninformed has rendered me numb to childish name calling.
There will be civil unrest in America.
Gold is going to at least $3,000 an ounce (very sson).
Government bonds are going to implode, and you will see interest payments on our debt approach $1 trillion.
We will default on our debt and there will be a new global monetary system if somehting isn't done about this issue RIGHT NOW!
Wake up!

It’s amazing that we are the richest nation in the history of mankind, yet we fail to produce independent thinkers.
Cut spending when employment is concentrated in the public sector?
Pure genius.
Raise taxes into an economic downturn.
Even smarter.
It is the interest on our debt that is killing us, and sending interest abroad when we can just print money interest-free is positively asinine.
This debt crisis, when it truly gathers momentum, is going to be far more serious than anyone can fathom right now.
I’m already adequately positioned in precious metals, so these $100 moves in gold don’t bother me one bit (well maybe a little).
The hour is now upon us to engender change, your future is in serious danger.
In 2006 I was laughed at for saying an economic collapse was coming; what will be the reaction now?

It takes an independent thinker who relinquishes their biases to see things for what they are.
 

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Nope people are still buying us bonds, and Obama didn't mean aaa in the sense of our credit rating, it was a euphemism meant assert the strength of our nation and economy regardless of what credit rating agencies say. Basically we're no weaker a nation bc of s&p's decision, Obama argues. Too many other points to refute here it's dangerous to really think you know everything that's wrong with the country and why it's like that rather than just having a flexible opinion
 

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Discussion Starter · #4 ·
Chief Rocka said:
Nope people are still buying us bonds, and Obama didn't mean aaa in the sense of our credit rating, it was a euphemism meant assert the strength of our nation and economy regardless of what credit rating agencies say. Basically we're no weaker a nation bc of s&p's decision, Obama argues
You may be right, he may have just said that to portray calmness and keep people from panicking.
Even so, at present the economy is spiraling down the drain and trends indicate it will rapidly continue to do so.
At what point can one still say this economy is still AAA rated?
And despite being hailed as a christ-like savior when he was elected, a record number of Americans have lost faith in Barack Obama, with just 17% believing that his administration is leading the nation in the right direction.
That finding is the lowest measured since Barack Obama took office.
Every indication shows that Obama is on his way to a landslide defeat in 2012 unless the President can exploit something to regain popular support.....
It needs to be something that will cause nationwide crisis so that the people will look to him as their savior again.
Democratic strategists have said the only thing that will save his presidency is some sort of national disaster.
A natural disaster, a domestic terror attack, economic meltdown, etc.

Chief Rocka said:
Too many other points to refute here it's dangerous to really think you know everything that's wrong with the country and why it's like that rather than just having a flexible opinion
A Flexible opinion?
I form objective opinions on facts and facts alone.
A flexible opinion based on fact cannot subsist.
 
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