Nimrod2005
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:19 AM
Original message |
Are we on the verge if a disaster? Gold at $600 and Oil |
|
at an all time high - going to $70.00 or $75.00. Somehow I think these 2 facts are a complete nightmare economically, but I am not smart enough to analyze the consequences of what's going on...Strikes me as very wrong.
Any thoughts? form the smart people?
|
acmejack
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:22 AM
Response to Original message |
1. Air going out of the dollar! |
MADem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:23 AM
Response to Reply #1 |
3. Yep, we won't be able to afford to travel, the exchange rates will be |
midnight armadillo
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:22 AM
Response to Original message |
2. My CEF investment is doing well |
|
I've made 30% since last fall on my Central Fund of Canada investment with my 401k. I dunno what the signs portend but it's profitable so far ;)
|
the other one
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:23 AM
Response to Original message |
4. The Dollar is doing a swan dive |
|
A long time coming.
Prices aren't really going up - the dollar just doesn't buy much anymore.
Lots of factors: huge deficit, global demand for oil, printing too many greenbacks, the rest of the world losing confidence.
The upshot: We are screwed. The smart money is abandoning the dollar in droves. Gold is cheap at $600.
|
poverlay
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:24 AM
Response to Original message |
5. This guy is really good: http://dark-wraith.com n/t |
gordianot
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:27 AM
Response to Original message |
6. Bush may have to bomb Iran to avoid foreclosure. |
|
Sorry this is not from a smart person but I have heard smart persons say this. Remember this family has a real interesting banking and investment history.
|
Mrspeeker
(671 posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:29 AM
Response to Original message |
7. Only if you drive or use gold |
|
Of course everything we consume is brought to us by transportation that uses oil, so the long term effects of the administrations addiction to oil is a can of soup will cost $20.00 dollars next year. A commute to work will triple over the next year. So basically everything will be alot more money, well except wages..LOL
|
RaleighNCDUer
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 11:51 AM
Response to Original message |
8. Well, damn. What am I going to do. |
|
I don't even own a wheelbarrow.
|
Warpy
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Apr-11-06 01:36 PM
Response to Original message |
9. Our times are about to become very interesting |
|
If cooler heads manage to restrain the pissant in the White House on more tax cuts to the wealthy and more wars of corporate convenience, we may be in for a deep recession. However, all the ingredients are in place for a depression, one we won't be able to borrow and spend our way out of.
This country needs a radical reassessment of its priorities. Unfortunately for all of us, it will take a disaster to provoke it.
|
DU
AdBot (1000+ posts) |
Thu May 02nd 2024, 02:54 PM
Response to Original message |