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Old March 20th, 2009, 10:59 AM   #1
3-foot
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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?
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Old March 20th, 2009, 11:12 AM   #2
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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.
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Old March 20th, 2009, 11:20 AM   #3
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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
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Old March 20th, 2009, 11:21 AM   #4
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should have invested in guns and ammunition.
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Old March 20th, 2009, 11:27 AM   #5
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should have invested in guns and ammunition.
I'm stocking up on Food too.
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Old March 20th, 2009, 11:27 AM   #6
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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.
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Old March 20th, 2009, 11:33 AM   #7
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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.
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Old March 20th, 2009, 11:37 AM   #8
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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.
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