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United States Heading towards a Depression?

Discussion in 'Politics & Religion' started by decoyjames, Dec 27, 2007.

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  1. Seqqa

    Seqqa Well-Known Member

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    #7441
    Obama is like those so called IM guru's, who stand in front of the camera in the hope they'll be able to brain wash you into buying their BS. Then you've got people speaking out against them like the salty droid, calming how they're all frauds and how they work on price fixing etc.
     
    Seqqa, Sep 23, 2011 IP
  2. BRUm

    BRUm Well-Known Member

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    #7442
    That's the thing, to answer your question: probably not. But I'd take proper steady growth, financial safety and transparent government and banking system over bubbles, boom and bust cycles, an unaccountable monetary system and purchased politics.
     
    BRUm, Sep 23, 2011 IP
  3. Seqqa

    Seqqa Well-Known Member

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    #7443
    Now it's just a waiting game for Greece to go bust, followed by the Euro Zone. Then at least things can't get much worse unless this all turns into World War III. Hopefully followed by some kind of revolution.
     
    Seqqa, Sep 23, 2011 IP
  4. ApocalypseXL

    ApocalypseXL Notable Member

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    #7444
    I hope that bust never happens . I believe we can still take harsh measures to stop such a thing , as for WWIII it won't be followed by any revolution . Given the nuclear arsenal MAD would guarantee that there won't be any survivors of WWIII .
     
    ApocalypseXL, Sep 23, 2011 IP
  5. Seqqa

    Seqqa Well-Known Member

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    #7445
    I seriously believe and the markets as a whole believe that a Greece default is inevitable. Due to the amount of exposure the Euro Zone has to Greece, it's highly likely it'll drag at least Spain along with it. It'll never turn into a nuclear arsenal, the idea of a nuclear war is that someone wins. The problem is there's enough nuclear weapons in existence to extinguish the human race twice over.

    But war is only going to break out if a loaf of bread costs 50 EUR, people won't starve to death because they can't afford to feed themselves. That's when world wide civil unrest really starts to strip away at the economy, it'll be like the UK riots only 20 times worse with just about everybody taking part.
     
    Seqqa, Sep 23, 2011 IP
  6. Obamanation

    Obamanation Well-Known Member

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    #7446
    http://www.reuters.com/article/2011/09/23/us-markets-precious-idUSTRE78M11C20110923

    So what have we learned?
     
    Obamanation, Sep 23, 2011 IP
  7. gworld

    gworld Prominent Member

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    #7447
    Even rich people are not that smart and have a sheep mentality and do stupid things such as buying Gold at ridiculous prices.
     
    gworld, Sep 24, 2011 IP
  8. The Webby

    The Webby Peon

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    #7448
    With INR hitting almost 50 per Dollar, and gold price dropping.. I'm rushing to exchange my USD savings into Gold Bullion.
    In 6 months.. I'm gonna make a killing.
     
    The Webby, Sep 24, 2011 IP
  9. gworld

    gworld Prominent Member

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    #7449
    Very wise to buy something that costs 300 dollars to prodce for 1800 dollars, NOT.
     
    gworld, Sep 24, 2011 IP
  10. The Webby

    The Webby Peon

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    #7450
    You talk like Bernanke!! :\
     
    The Webby, Sep 24, 2011 IP
  11. Blue Star Ent.

    Blue Star Ent. Well-Known Member

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    #7451


    Or a good living... I guess its all in the terms. I have heard gold will go up to around $2000+ soon. Its not that
    the gold will have more value, it is that the dollar will have even less, if that is possible.
     
    Blue Star Ent., Sep 24, 2011 IP
  12. gworld

    gworld Prominent Member

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    #7452
    When you don´t have any logical argument and nothing to say then post like webby for sake of posting.
     
    gworld, Sep 24, 2011 IP
  13. The Webby

    The Webby Peon

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    #7453
    There isn't a scope of logical argument when you think that the price of anything solely depends on the production cost.
    I assume you don't trade in share market..

    To start any logical argument on that, I'll have to teach you the basics of economics first..

    That would be too much effort for me, hence an illogical and shallow reply.

    I'm expecting ROI of at least 0.3 to 0.4
     
    Last edited: Sep 24, 2011
    The Webby, Sep 24, 2011 IP
  14. smatts9

    smatts9 Active Member

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    #7454
    Why buy gold now? You realize it has taken a beating lately right and it is headed downward while the dollar is strengthening?

    sc.png
     
    smatts9, Sep 24, 2011 IP
  15. The Webby

    The Webby Peon

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    #7455
    I'm not gonna buy it at this very moment, I'm closely watching it..

    Gold is gonna go down a little more, Dollar is gonna go up a little more..

    But table will turn there after... Invest just before that and you will make huge profit.
     
    The Webby, Sep 24, 2011 IP
  16. Blogmaster

    Blogmaster Blood Type Dating Affiliate Manager

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    #7456
    What we are dealing with is an illusion of fluctuation. Gold is still 6 times higher than it was 10 years ago.
     
    Blogmaster, Sep 24, 2011 IP
  17. Obamanation

    Obamanation Well-Known Member

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    #7457
    I have mastered the art of catching a falling knife. ;)
     
    Obamanation, Sep 24, 2011 IP
  18. Rebecca

    Rebecca Prominent Member

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    #7458
    We were talking about this in another thread, but I still feel the value of gold is kind of an illusion anyway. The material itself doesn't hold that much real value, other than what we've placed upon it by common agreement (sort of like paper money). I guess a lot of commodities are like that, but I favor the ones that people actually need to survive like wheat, even coffee. :)


    On a side note:

    I finally received my book today! It says, Cheating is defined by poor-people dictionaries as "deception by trickery, fraud, and dishonesty." Not here. This is a safe place, without judgments or preconceived notions of "right" or "wrong." Cheating is broadly defined by the Cheaters English Dictionary (CED) as "Awesome personal gain by means that are illegal, immoral, and fun"...lol. Anyway, it looks like a good book.
     
    Rebecca, Sep 24, 2011 IP
  19. The Webby

    The Webby Peon

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    #7459
    No other analogy could be more spot on than this.

    There are three kind of people in this game -
    1) People who throw the knives
    2) People who catch the knives
    3) People who get stabbed in the eye


    And there are some on the sideline, who don't have a clue...

    If you look at the bigger picture, you will find the whole economy is an elaborated illusion. Controlled by few, played by a few more and the masses get played..

    What is the 'real' value of anything?
     
    The Webby, Sep 24, 2011 IP
  20. Blogmaster

    Blogmaster Blood Type Dating Affiliate Manager

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    #7460
    I have to agree, but I have yet to think of something better. Maybe pick an item anyone can use and print certificates of ownership?
     
    Blogmaster, Sep 24, 2011 IP
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