Devaluation is about all paper currencies turning to crap. People are
driving up gold and silver because it can't be created out of nothing and
has a long history as money. What will happen when there are no more
buyers of our debt and they resort to buying it themselves? QE3? What
will happen when oil is no longer priced in worthless dollars?No longer
the reserve currency? Ron Paul understands sound money. _________________ MK4,eurosport 167,enterprise combat 152,
laminar st 14. H2.
Devaluation is about all paper currencies turning to crap. People are
driving up gold and silver because it can't be created out of nothing and
has a long history as money. What will happen when there are no more
buyers of our debt and they resort to buying it themselves? QE3? What
will happen when oil is no longer priced in worthless dollars?No longer
the reserve currency? Ron Paul understands sound money.
But but but.... he's just a little koo koo head, so no one listen to that man
^^^^ pretty much the medias way of dealing with RP. No need to have a real debate and beat him that way. _________________
H4, AT, FL, TFL, AWCL, CL, FSL, RLF, TUR, X-C
Aeros Stealth III 142
Thomas Jefferson wrote:
All tyranny needs to gain a foothold is for people of good conscience to remain silent.
complete nonsense......its relevant wrt "what can i get for my paycheck"
I can get
-less food, materials, gas etc now with a dollar then I could in years gone by.....ergo.....the dollar is worth less
Yes, of course, but that is not what the word devaluation means.
Then again you can follow Humpty Dumpty and have a word mean whatever you say it means.
I understand there is a lot of emotion here which no doubt clouds our thinking. _________________ Davis Straub at the Oz Report
complete nonsense......its relevant wrt "what can i get for my paycheck"
I can get
-less food, materials, gas etc now with a dollar then I could in years gone by.....ergo.....the dollar is worth less
Yes, of course, but that is not what the word devaluation means.
Then again you can follow Humpty Dumpty and have a word mean whatever you say it means.
I understand there is a lot of emotion here which no doubt clouds our thinking.
http://www.thefreedictionary.com/devaluation
1. To lessen or cancel the value of.
2. To lower the exchange value of (a currency) by lowering its gold equivalency _________________ TSA, DHS, NDAA and SOPA Seig Heil!
1. an official lowering of the exchange value of a country's currency relative to gold or other currencies.
2. a reduction of a value, status, etc.
The first definition is relevant to our discussion.
The second refers to something like the statement, " This conversation greatly devalues my opinion of your opinion." :-) _________________ Davis Straub at the Oz Report
Boy, people really get excited and angry here. Amazing.
Hey Davis lets cut the angry stuff, this is a political thread that has gone on very well I may add. If you think that any of this is angry then i guess you weren't able to see your posts in the OZ on the ushpa overseeing contests a few years back-
Dennis _________________ Organ Donation Saves Lives
I know that a lot of people are frustrated and angry about the condition of the country. And of course in hard times like these that frustration is enhanced. _________________ Davis Straub at the Oz Report
I know that a lot of people are frustrated and angry about the condition of the country. And of course in hard times like these that frustration is enhanced.
Seriously, I wonder how people would have reacted to other long recession/depression times if they had the media and instant information channels we have today.
Classic example...GOP is having one of their debates on the evening of the 6th.
Obama has decided that he can accomplish two tasks with one stone so he schedules his next speech during the same time. Two seconds after his announcement the conflict is on every page and site, on every news channel and is being analyzed by talking heads.
He didn't have a minute before his press guy was doing the two step in front of reporters. This type of instant news drives up emotions.
I don't know what we can do about it?
Dennis _________________ Organ Donation Saves Lives
People are driving up gold and silver because it can't be created out of nothing and has a long history as money.
Land, buy it now because they aren't making any more of it.
Oops, that didn't work out so well.
The dollar is gaining huge value against homes. I can now buy a $500,000 house for $250,000.
The dollar doubled in value over the last four years.
For years and years I ranted at my friends who were blindly buying property at any price. True the value of the dollar has doubled against property in the last 2 years, but in fact, the dollar is still only 50% of it's value compared to 1979, when I bought my first place.
Prices are still falling and they may eventually get back to the standard of about 100% of an annual middle class income, or 18% of your monthly income as a mortgage payment. Put another way, when rents actually covered the mortgage payment.
I know that a lot of people are frustrated and angry about the condition of the country. And of course in hard times like these that frustration is enhanced.
I know that a lot of people are frustrated and angry about the condition of the country. And of course in hard times like these that frustration is enhanced.[/quote]
To me I can feel it. I can't help but fear for my job and my responsibility to my family. It seems like everyone is locked and loaded around me. Everything from day to day from crossing the parking lot without getting run over, to simply paying for something at a register and taking a perceived excess amount of time from the people waiting behind me. I sense pent op tension around me. And with this slumping economy, the high unemployment in my area, my employers are making decisions to avoid pay increases as living costs rise. I feel there is no real fix for every individual. I believe that luck has a part in destiny. Doors open for some, things fall into place for some, others can't get ahead for the lack of the two aforementioned. For me, yes I am frustrated, and yes things could be much worse, and they could be much better. But given the stakes at hand for myself, it could go worse and fear of that is what occupies my mind. And maybe I should stop reading about the banking history of America, and how the machine works. I find it interesting, yet depressing. Everyone has different shoes to fill. Thus the mention of class conflict. _________________ Always a student.
"The mountain doesn't care what that card in your wallet says." - Bruce Stobbe
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