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Just insane! It's another way our government helps big business' like Walmart.
The DOW/economy could crash while oil and gold rocket upwards because of a falling dollar. I guess it just depends on how the world's economy will be doing. I thought that was strange also that LJ was right on about oil and the DOW but almost last in gold. I just think gold has a high demand because many people assume the dollar will crash. In my opinion, oil will go up a lot in this scenario.
If Ford is the last one standing I would think it would be good for them. They just need to reduce their cost by keeping profitable models like the F-150. Also, if a deal can be made with the union to reduce wages they could be making money in a couple of years. I would think a deal would be really easy since they would be the last of the "big 3". If they go the UAW is dead no matter who is still around!
That's my thoughts anyways.
How do you sell the Dinars here in the US? Also, have you all bought from the Dinar Trade people? I tried to buy some from AAAtravel and they told me it was restricted. Thanks for any info.
I know banks are scared to lend out any money, but are they still doing the refis? This would save money for those people as well. And since noone likes to save money it would be used to buy things at walmart that people don't really need and therefore helping China's economy.
Sorry for the sarcasm... I couldn't help myself. It's a sad situation though.
Oil $220
Gold $2,500
Dow 3000
It all boils down to greed, and greed kills.
Dec. 12 -- KB Toys Inc. filed for bankruptcy on Thursday and intends to close its 431 stores.
founded in 1922 RIP 2008
These stores are all in malls. Says a lot about the commercial real estate market in 2009.
SRS?
I heard the Iraqi Dinar was almost worthless. My concern would be that they would devalue that dinar and come up with another. I don't know but I like what you have been saying. It is certainly worth a look into.
Beleive it or not, I found a IHUB board on the Iraqi Dinar:
http://investorshub.advfn.com/boards/board.aspx?board_id=7851
Our government needs to match all tariffs imposed on our goods by other countries that export to the US. A 22% tax that is put on our cars by other countries is not free trade. Our government needs to give incentives to our companies to stay in the US and Hire US employees. Going to a national sales tax would be a big help. Our Government needs to shrink and reduce spending now or car factories won't be the only ones going bankrupt!
There are so many more things our government can do but all they want to do is throw more money at the problem.
Thanks for the response. Do you like any other country's currency, or is it just gold and silver?
thanks
OTC,Rogue...
Can the dollar fall if all the other nation's currency is falling too? Is there a peg anymore?
I see the leaders of this message board are gone. It was so annoying to have almost all of my posts deleted.
I hear we will have deflation by many economist and inflation by others like Schiff. Is stagflation the likely outcome?
Rouge, I have a question for you. Can the dollar fall even if the all the other nation's dollars are falling too? I have been wondering about this for a while now. Thanks in advance.
9,817.31 508.07 (4.92%)Ok I'm going for a long walk.
DOW 9,955.26 Does anyone think a major crash is coming? I hope not.
DOW about to go under 10K? Who would have thought almost 10 years later it would still be at 10K?
March 29, 1999 - First ever Dow close above 10000
The world's yearly GDP is about 50 trillion. I hope your source is very wrong.
Rogue, I was curious about silver in a situation like this. Would it be taken too, or just gold? Would that make silver go to the moon as people scramble to buy it?
Len, what's your currency of choice? I hear the Yen and Swiss Franc are good. Any thoughts?
Now we have California asking for money from the Government. This thing will never end as long as there is some lame excuse for taking money from the federal government.
Our Founding Fathers would be writing another Declaration of Independence right now if they were still here on this Earth.
Has Congress ever passed a clean bill? I guess it's easy to spend other people's money. I hope the House doesn't pass this as well for this and other reasons.
"Paul expressed his frustration that free market economists who predicted the crisis were being ignored while the people who created the problem were being given the responsibility to offer a solution."
So true!
WB- All I can say is ouch! .90 a share and people will get $1 of Citi. Didn't Cramer say buy buy buy last week on WB?
As if we didn't have enough problems in our economy we will soon see a flood of Baby Boomer retirees soon. That will really cost the tax payer for years to come. However, it's not like our government didn't see it coming...I blame our so-called leaders.
I know the dollar is falling but so is our economy, so why did they get crazy with oil prices today? Something seems a bit strange.
We need to do something to start trimming the government's spending. I don't know what but we need to do something soon. Shows how much I know about seceding...I didn't even know how to spell it. lol
What if a state succeeded from the union and started their own currency as they became their own country? Would it work, and would they be free from the owing the US government? Just curious.
Len, could the whole sub prime thing been avoided if the banks let people extend their mortgages another five years or so to make up the difference of higher rates? It wouldn't have been pretty but atleast banks would be bringing in money, right? Most of those loans would have been gone between five and ten years when the homeowners sold their homes. I know home prices were getting way out of control but, if banks stopped the crazy loan process along with the extensions I believe we could have recovered from this in a few years.
600 on the volume...someone painting the ticker green?
Exactly! They also knew about RTF as a possable way to stop this mess like they did used back in the 80s. Paul Volcker, Jim Cramer and many many others have been talking about using this for a long time now, and the government just happen to act as GS was taking a nose dive? Why did they wait so long to do this? Among many other things this stinks big time!
For the first time in my investing history I don't know what to do. I figure much of this rally is because investors are/were worried about being caught in short positions. Will our dollar crash with all these bailouts, or will the Fed actually make money from owning assests like 80% of AIG? I think we are still heading for a recession but who knows? I can't really get a grasp on anything since our government has changed the rules so many times. I don't know what to do because this is no longer a free market and the rules keep changing. Also, I don't know if I should even do anything because I would have to be near the computer 12 hours a day just to make sure I'm not going to miss something. I mean in the blink of an eye the market could crash or blast off like a rocket. I have so many other questions but you get the idea.
Sorry to rant & rave.
How about gasoline? Where do you think prices will be by the end of the year?
Anyone following WACHOVIA-WB? Any thoughts to it's future?
Thanks
Looks like we might go back to the .0125 level soon?
"Lehman Brothers survived the American Civil War, two world wars and the Great Depression, but today, Monday, the firm that set the standard in fixed income markets will be liquidated."
That says a lot about the mess we are in now.
Rogue, what currency does Schiff recommend? Real gold and silver should be safe, right? I have been buying silver for a while now but I guess I should think about gold too. Any ideas?
Thanks
Len, thanks for the information. I can't seem to stop reading all the articles on there.