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Post by poppabear on Mar 9, 2009 17:34:32 GMT -6
Everyone has been betrayed on a colossal scale and we must defend ourselves by exiting all assets and hunkering into cash. We've been betrayed and lied to by bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private. My rational and considered belief is that gold, as well as crude oil, will be anchors to the next global reserve currencies. What better route to stabilize both financial and commercial price systems?
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Post by jeffolie on Mar 9, 2009 17:43:05 GMT -6
I am too jaded and cynical to believe gold will be an anchor to the next global reserve currency. Governments of all types abandoned metal based currencies in favor of fiat currencies. "meet the new boss same as the old boss" The next government will use fiat.
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Post by xtra on Mar 9, 2009 21:02:20 GMT -6
Let me get this straight, are you talking about the same fiat money that
has lost 40-50% of its value in the past 8 years?
the same stock market values that are down 55% just in the last 6 months?
the same billions of dollars printed out of thin air and given out to the criminals that got us into this?
im not that old, but I do remember something about a million dollar German Mark that you couldnt buy an apple with.
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