What is your opinion on buying gold? Is obama pushing the economy off a cliff? And destory nuclear superiority?
Guerrilla M asked:
Countries are talking about dropping the dollar as their reserve currency, manufacturing has been crippled by non-union labor utilised by foreing automakers in the U.S. (profit goes back to Japan or wherever).
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Countries are talking about dropping the dollar as their reserve currency, manufacturing has been crippled by non-union labor utilised by foreing automakers in the U.S. (profit goes back to Japan or wherever).
Now obama wants to slash our nuclear weapons stockpiles. Ok, that would be nice, but with militant nations stealing our tech and raising theirs (china, russia, n korea) it is seriously foolish. Has obama forgotten that M.A.D. mutually assured destruction (our having more nukes than other nations) prevents nuclear attack by other nations?
July 25th, 2009 at 11:44 am
Keep buying into the nuclear arms race and we won’t have a nation to protect. We will just be another 3rd world nation because we will be broke.
July 27th, 2009 at 6:43 pm
The US will still have more than anyone else. Just with a general reduction in stocks everyone will be able to annihilate the world’s population fewer times over. Surely, once is enough, more is a luxury. Gold is pretty useless. Land and energy are more useful.
The dollar is safe as the reserve currency - but it doesn’t matter that much. National pride is less important than a strong growing world economy. Until recently most of the world’s economy was based on a flawed model of transferable debt - our legacy to the world. So he’s not pushing it off he’s leaning over the edge trying to catch hold of it before it falls too far.
July 30th, 2009 at 1:25 am
with 100 nukes you can wipe 75% of Russia’s population. with 2000+ nukes you can nuke all the major cities of the world 10 x over. Nuclear deterrance is necessary. Nuclear superiority is overkill. The MAD theory is stupid. It applies if we live in the Dark ages. It doesnt apply now. the increasing value to human life since the second half of the 20th century makes the MAD theory redundant .
July 31st, 2009 at 9:02 am
i would stay away from gold for a while, it is not cheap in my opinion.
our currency is being supported by china, kind of scary. the u.s.
dollar is not what it once was. i agree with you, slashing our
nuclear weapons stockpiles would be foolish with militant
nations stealing our tech and raising theirs. i feel he is destroying
our nuclear superiority and i also feel his policies are pushing
the u.s. economy off of a cliff.
August 3rd, 2009 at 3:21 pm
Great question. We’ve been considering it too. The problem is, gold is no longer the economically independent commodity that it used to be. A lot of companies are playing off the memories of older people who recall that gold was the way to go in the 1970’s, but a lot has changed since those days.
The value of gold is now closely tied to oil and gas and world currencies. And just as oil and gas are significantly overpriced vs. their true value, so is gold.
If it every drops back to 400-450/oz., then it’s a good deal. Until then, it’s still way overpriced.
So where do you put your money? Undeveloped land. With an ever-growing poplation, it is common sense that, eventually, over time, more people will need more land to live on, to build on, etc. And now is the time to strike, with so many people losing their life savings and prices fairly low. (But, as always, you need to buy smart.)
August 3rd, 2009 at 11:34 pm
Forget the gold. What you should be buying is a supply of canned and boxed food, water, and enough food to last a week. Don’t brag to your friends you have it either. Buy a gun to protect yourself. Then just go to work and hope nothing serious happens. (Forget that U.S. automakers idea. If you buy a GM, Chrysler or Ford, you are actually just making a donation to the Democrat Party). As for the foreign carmakers, ask the truck workers in Evanville Indiana at the Toyota Truck plant. They are well paid with good benefits and good working conditions.
August 6th, 2009 at 3:58 pm
When government has the ability to create and spend all the money it wants, priorities shift, and the concept of budgeting, as most Americans know it, loses all meaning. Hand a teenager a credit card, and tell him there is no limit and no accountability for what he spends, and the effect would be the same. You see, this problem is not unique to our government. It is a predictable outcome based on human nature, and we’ve seen variations of what we are experiencing now happen over and over throughout history. Actions have logical consequences. The government becomes the reckless teenager with the credit card, and in the end, the taxpaying citizens get the bill. What happens after that is never pretty.
This is why our founding fathers considered, but decidedly rejected the creation of a national central bank. They understood that governments, even the best of governments, cannot control spending. Even the current administration, which promised strict fiscal responsibility, has had to increase the national debt limit by 65 percent to keep up with its spending sprees. Every dollar created and spent by government makes the dollars in your pocket worth less and less.
Eventually any currency controlled by government will be debased to worthlessness, and will wipe out the savings of the citizens who put faith in that currency.
Hard currencies, on the other hand, force governments to remain in check, strictly limited to the revenues they can raise from the country’s economic health. This is also an incentive for government to stay out of the way of productivity. The hyper-regulation in today’s economy demonstrates that this is no longer the case. What does it matter if the economy is crippled and the tax-base eroded, if government can create whatever dollars they need to keep the special interests happy?
We have been building economic castles on the sand, and the tide is coming in. The answer is not to bring in more sand, but to move to more solid foundation.
So yes, it is true that many are complaining about our economic trouble, but our economic trouble is not caused by their complaining. Many are being forced to wake up to the predictable troubles associated with faith-based currency. As more people notice the hardships, more will lose faith.
Gold is only as strong as the dollar is so if you believe in investing in gold, trade it for the Euro, Yen anything but the dollar because it will be worth crap when Obama is finished!
August 8th, 2009 at 2:23 am
yes buy gold it has always kept its value and gone higher where the dollar is loosing ground fast———– the market will take another dive soon and with the inflation . the dollar will surely take a bad drop
August 9th, 2009 at 12:38 am
It is not easy to switch
there are many glitches on the way
no way u can go back to gold as there is not enough gold.
some new way will be found as is true with every crisis
August 11th, 2009 at 5:42 am
If Obama can swing a deal to reduce nuclear weapons around the world, it’ll be good for everyone. The USA will get a bonus out of it, as this will be a good chance to get rid of a huge arsenal of out dated weapons.
I think gold has hit it’s peak, so I’d choose other investments.
August 14th, 2009 at 3:44 pm
obama is just a puppet of the Federal Reserve, IMF, Rothschilds, & zionist lobby
and yes they are bringing the US down to bring something up
just like when the UK was mysteriously brought down as the world super power to yield to the US which mysteriously took the position
there’s no way, in one little answer on YA, to explain to you just how deep the rabbit hole goes….do your research
August 16th, 2009 at 2:42 am
Reducing nuclear weapons is a wrong move, specially you missed to mentioned Israel which has around a thousand warheads. Sooner or later it turns out only Israel has nuclear capabilities…and i believe this is the objective of nuclear reduction.
August 17th, 2009 at 11:43 pm
The economy will always be an issue for the world.
But Obummer and his 60’s Radical-Environmentalists will cause the US to bankrupt itself. (FYI- Nuclear power emits NO CO2 gases that he and his eco-kooks are so afraid of.)
Unless we as citizens can “vote out the bums” for our next term in 2010.
August 18th, 2009 at 7:34 am
He already has. One London paper stated that if we continue our current trend, we will have 50% unemployment by 2012. But remember America wanted change. Looks like we got it. Most Americans dead in one month in Afghanistan since the war began. Increase in Unemployment from 6% under Bush to 10% under Obama, and that in just 7 months. GM goes bankrupt and is given to Unions and Foreign countries, while the Americans who risked their money to keep it afloat get little or nothing. Yep, that is change alright. You decide if it is good or not.
August 20th, 2009 at 10:57 pm
It’s all what his puppeteers want.
August 22nd, 2009 at 2:15 pm
yes, but sadly, some people will still vote for him in 2012. they are too blind to see that he is a socialist traitor and will continue believing his lies. most of them are completely clueless.
Barack Obama promised that his $787 stimulus package would fix the economy, but the unemployment rate actually went up from 7.6% (while Bush was in office) to 9.5% (today). Obama is also tripling Bush’s national debt. our country can quickly recover from two wars, but it will take generations to recover from socialism. this video will expose the damage that he is doing to our country. beware, the truth hurts.
our alleged President’s approval rating is dropping as more people realize his betrayal of “hope” and “change”. according to today’s Rasmussen Poll, there are now more people who strongly disapprove of him than those who strongly approve.
Barack Obama is destroying America and our future with his socialist policies. under his budget, everyone will spend the rest of their lives paying for trillions of national debt. his $787 billion stimulus package has failed to reduce the unemployment rate. inflation, taxes, and gas prices will skyrocket soon. WAKE UP, AMERICA.
Barack Obama = change we can “grieve” in
…another day, another broken promise!
August 24th, 2009 at 4:15 am
yes. Obama is destroying America.