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HPL
01-19-2013, 09:24 PM
I haven't fact checked this, but if accurate, it's pretty frightening.

http://demonocracy.info/infographics/usa/us_debt/us_debt.html

Franco
01-21-2013, 07:33 AM
Here is another visual of the problem. Two Partys, same outcome.

http://sphotos-a.xx.fbcdn.net/hphotos-ash4/s480x480/480261_293208840801263_2040352672_n.jpg

road kill
01-21-2013, 07:37 AM
Here is another visual of the problem. Two Partys, same outcome.

http://sphotos-a.xx.fbcdn.net/hphotos-ash4/s480x480/480261_293208840801263_2040352672_n.jpg

Third party=NO OUTCOME!!

http://i167.photobucket.com/albums/u134/TurnstoAshes216/ron_paul.jpg

Franco
01-21-2013, 09:25 AM
Third party=NO OUTCOME!!

http://i167.photobucket.com/albums/u134/TurnstoAshes216/ron_paul.jpg

We know you supported the candidates that got us into the mess we are in. Afterall, Paul Ryan only voted to raise the Debt Ceiling 8 times.

If we had that third party in charge or had Congress listened to the man, we wouldn't be 16.5 TRILLION and debt and the dollar facing a potential collapse due to N European countries taking thier gold out of the NY Fed Reserve!;-)

Marvin S
01-21-2013, 10:28 AM
If we had that third party in charge or had Congress listened to the man, we wouldn't be 16.5 TRILLION and debt and the dollar facing a potential collapse due to N European countries taking thier gold out of the NY Fed Reserve!;-)

Not being as :idea: as U, would you explain how taking their gold from the Fed affects the dollar?

Franco
01-21-2013, 12:53 PM
From today's Forbes.com

"After all there is much anxiety in financial capitols about the future of the Euro as well as the feeling that the almost constant printing of new dollars to keep America running portends a terrible crisis down the road. And that crisis in the value of paper money makes physical possession of gold a no brainer."

http://www.forbes.com/sites/robertlenzner/2013/01/19/the-germans-want-their-gold-reserves-back-in-germany/

It is a sign that the rest of the world in getting very concerned about the health of the dollar.

Apparently, the Krauts don't feel as if their gold is safe at the NY Fed Reserve. Now, there is talk of other N European countries securing their gold as well.

And, why would former Fed Chair Allan Greenspan write that we need to consider a return to gold backing of the dollar in 2008 if he wasn't worried about the dollar?

Marvin S
01-21-2013, 05:49 PM
From today's Forbes.com

"After all there is much anxiety in financial capitols about the future of the Euro as well as the feeling that the almost constant printing of new dollars to keep America running portends a terrible crisis down the road. And that crisis in the value of paper money makes physical possession of gold a no brainer."

http://www.forbes.com/sites/robertlenzner/2013/01/19/the-germans-want-their-gold-reserves-back-in-germany/

It is a sign that the rest of the world in getting very concerned about the health of the dollar.

Apparently, the Krauts don't feel as if their gold is safe at the NY Fed Reserve. Now, there is talk of other N European countries securing their gold as well.

And, why would former Fed Chair Allan Greenspan write that we need to consider a return to gold backing of the dollar in 2008 if he wasn't worried about the dollar?

What is a gold bard? You do know what a bard is? It is very hard for me to view with any level of credibility an article that contains any mistakes, :o?

You are aware that Steve Forbes is a gold person? & while I believe the Fed has created monopoly money, pegging to gold would bring money restrictions to the table the likes of which this country does not have the stomach for. Though I do believe there should be a financial milestone regarding monetary creation which would end the creation of money from thin air, gold is not the instrument :confused:. Though it could be in the mix as a portion of the formula :).

We started our family when most of those on this forum were the start of someone else's family, ask your parents how hard money was to come by, unless you already had it & didn't need the loan.

Franco
01-22-2013, 01:32 PM
This is what happens when we accept Statism!

http://sphotos-b.xx.fbcdn.net/hphotos-ash4/s480x480/424520_10151272055278040_1933522300_n.jpg

Marvin S
01-22-2013, 05:03 PM
This is what happens when we accept Statism!

http://sphotos-b.xx.fbcdn.net/hphotos-ash4/s480x480/424520_10151272055278040_1933522300_n.jpg

& who set the price in 1913?

Dustin D
01-22-2013, 05:10 PM
I like this visual aid;

http://www.usdebtclock.org/

Franco
01-22-2013, 05:32 PM
& who set the price in 1913?

I don't know, why don't you tell us.

I do know that since the beginning of the Fed in 1913, the dollar has done nothing but lose value!

Just saw this photo over on the Crony Capitalism website
http://sphotos-a.xx.fbcdn.net/hphotos-snc7/s480x480/428138_395745890516998_420494566_n.jpg

Marvin S
01-22-2013, 11:02 PM
I don't know, why don't you tell us.

I do know that since the beginning of the Fed in 1913, the dollar has done nothing but lose value!



To the best of my knowledge & I don't follow it as you & your hero should if you are in the criticism mode. Until the mid-60's AG & AU were used in coinage with the rate set by the government. Ask a numismatistm they would probably know:-P.

As for the dollar losing value, relative to what? If you're going to make the statement back it with something more than your opinion.

Franco
01-23-2013, 08:25 AM
http://www.measuringworth.com/ppowerus/

What's the matter Marv, becomng forgetful? ;-)

Just look at how much more everything cost today compared to the past. Or, try taking a trip abroad(outside of the USA or Mexico) and see what the dollar will get you. Warning, don't go to northern Europe unless you bring the dollar in big drums because it won't buy you much! How about $28 US dollars for a draught bier in the Netherlands because they don't have any value in the dollar.

http://sphotos-a.xx.fbcdn.net/hphotos-ash4/s480x480/184661_250571798409449_610236543_n.jpg

http://www.mygovcost.org/wp-content/uploads/2013/01/preliminary-fy2012-to-whom-does-the-us-government-owe-money-652x472.png (http://www.mygovcost.org/wp-content/uploads/2013/01/preliminary-fy2012-to-whom-does-the-us-government-owe-money.png)