Go Back   Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > Politics, Government, or Religion Chat
GL4x4 Live! GL4x4 Casino

Politics, Government, or Religion Chat Bring your flamesuit!







Search
Reply
 
Thread Tools
Old March 20th, 2009, 10:59 AM   #1
3-foot
Senior Member
 
3-foot's Avatar
 
Join Date: 07-21-06
Location: Springfield Township, Mi
Posts: 1,111
iTrader: (1)
Mentioned: 0 Post(s)
Default Fed prints (yet another) $1.1 trillion

http://www.realclearmarkets.com/arti...llion_bet.html

While everyone was smoke screened by AIG bonuses and Pres. Obama being on Leno last night, this is what really happened.

The fed decided to pay $1.1 trillion dollars to itself. Think of it like paying off your credit card with your other credit card.

It looks like this....

$ 1,100,000,000,000

Does anyone even know the total spending since December?

National Debt as of Mar 20, 2009 3:55 GMT

$11,040,818,633,366

Thats $11 trillion.

10% in one day.

Where can I buy gold fast?
3-foot is offline   Reply With Quote
Old March 20th, 2009, 11:12 AM   #2
shaker
In the band!
 
Join Date: 09-10-06
Location: West Branch
Posts: 1,070
iTrader: (0)
Mentioned: 0 Post(s)
Default

Gold, or anything solid that will hold value invest in it. Liquid investments and holding cash is a bad idea. The dollar is being devalued at record speeds and will continue to be devalued for some time coming.
shaker is offline   Reply With Quote
Old March 20th, 2009, 11:20 AM   #3
1badzuk
Senior Member
 
1badzuk's Avatar
 
Join Date: 10-21-07
Location: grand rapids mi
Posts: 3,786
iTrader: (51)
Mentioned: 0 Post(s)
Default

why is gold worth a dam thing i never could get the idea

hmmm can you eat it no
can you fuk it no
will it make crops grow better
its just aome shiny alloy on the table of elements
1badzuk is offline   Reply With Quote
Old March 20th, 2009, 11:21 AM   #4
steveo
In the band!
 
Join Date: 03-30-07
Location: montana/wyoming
Posts: 20,293
iTrader: (6)
Mentioned: 0 Post(s)
Default

should have invested in guns and ammunition.
steveo is offline   Reply With Quote
Old March 20th, 2009, 11:27 AM   #5
3-foot
Senior Member
 
3-foot's Avatar
 
Join Date: 07-21-06
Location: Springfield Township, Mi
Posts: 1,111
iTrader: (1)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by steveo View Post
should have invested in guns and ammunition.
I'm stocking up on Food too.
3-foot is offline   Reply With Quote
Old March 20th, 2009, 11:27 AM   #6
steveo
In the band!
 
Join Date: 03-30-07
Location: montana/wyoming
Posts: 20,293
iTrader: (6)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by 3-foot View Post
I'm stocking up on Food too.
i figure i should be able to arm a group of 8-10 people to take food from guys like you.
steveo is offline   Reply With Quote
Old March 20th, 2009, 11:33 AM   #7
3-foot
Senior Member
 
3-foot's Avatar
 
Join Date: 07-21-06
Location: Springfield Township, Mi
Posts: 1,111
iTrader: (1)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by steveo View Post
i figure i should be able to arm a group of 8-10 people to take food from guys like you.
Oh and I wanted to be one of the 8-10 guys.
3-foot is offline   Reply With Quote
Old March 20th, 2009, 11:37 AM   #8
shaker
In the band!
 
Join Date: 09-10-06
Location: West Branch
Posts: 1,070
iTrader: (0)
Mentioned: 0 Post(s)
Default

Quote:
Originally Posted by 1badzuk View Post
why is gold worth a dam thing i never could get the idea

hmmm can you eat it no
can you fuk it no
will it make crops grow better
its just aome shiny alloy on the table of elements
Why does cash have any value? It is just paper with numbers on it after all.

Everything's value depends on supply and demand. Golds value fluctuates just like everything else. Gold has its risks you never know if some huge gold mine might be discovered and devalue it, but generally it is a relatively solid investment.

Cash at the moment however is being devalued by the supply growing, because Mocha Jesus is printing a shit load of it and handing it out to crooked corporations. Who then spread it all over the world. Making the dollar we work for worth less. Spending that dollar on gold or something that can not just be printed by pin head presidents, will still be worth something when we finally put someone else in the White house.
shaker is offline   Reply With Quote
Reply
Great Lakes 4x4. The largest offroad forum in the Midwest > General 4x4 Stuff > Politics, Government, or Religion Chat
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -5. The time now is 09:38 PM.


Powered by: vBulletin, Copyright 2000 - 2012, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Copyright 2005 - 2012 Cracker Enterprises - Powered by Linux
vB Ad Management by =RedTyger=
Page generated in 0.09881 seconds with 28 queries