You're right, it's all a big scam. The dollar is fine, these deficits aren't unprecedented, and it's much more intelligent to remain willfully ignorant of the coming future.
Peter Schiff: Dollar Will Collapse In The Next Two Years
- Thread starter hellblazer
- Start date
You're right, it's all a big scam. The dollar is fine, these deficits aren't unprecedented, and it's much more intelligent to remain willfully ignorant of the coming future.
let's keep this thread open and in 2 years we'll see your credibility completely shot here at WF
That's assuming he has credibility to begin with.
Nothing sadder than two leftwingers desperately stroking each other's bruised egos.
no idea why Hellblazer is catching flak for this specifically. the dollar vs EUR and JPY has been down intensely, and continues to trend down, as well as the USD Index.
Unless I'm mistaken (which I could very well be) the value of the dollar was lower in 1995 than it is now, and historically it has been lower a number of times.
The value of the dollar reflects our political climate, and right now it's obviously not good.
In my opinion this thread is just same as someone preaching the mayan prophecy.
THE END IS NEIGH!
The value of the dollar reflects our political climate, and right now it's obviously not good.
In my opinion this thread is just same as someone preaching the mayan prophecy.
THE END IS NEIGH!
The thing is, it's low now and it hasn't even "crashed" yet. IF it does, we are fubarred.
You guys all think Ron Paul is clueless too?
You guys all think Ron Paul is clueless too?
You are absolutely mistaking. The dollar goes down when more money is issued by the Fed as more money is in circulation. This is called inflation because the money supply is inflated. As more money is printed, the dollar holds less value because it is now competing against all the other dollars that were newly issued simply by printing them (the dollars that came into existence without actual real work). And since these Fed notes (dollars) haven't been backed by anything since 1971 the criminals can print as many notes as they want and inflate the money supply as much as they want and the sheeple absolutely love it. They can't get enough of it because they understand neither money nor history. And what have we been doing the past year? Printing (actually it's just digital) more money than ever before.
This doesn't even take into account the fact that is is mathematically impossible to pay off 1 Federal Reserve Note issued with that exact same note due to interest. We can't pay off the debt, we have more debt than ever, and the people (well the sheeple) are cheering on more debt. Couple this with the fact that we pay interest with our real money that we worked for on fake digital money that never existed and you have a bunch of sheeple ready to get a taste of Nazi Germany and the Fall of the Roman Empire. But that's okay, basketball is on and that's more important than reading a book.
To say that the dollar was lower in 1995 is to not understand the dynamics of purchasing power. There is a reason that gold goes up on a weak dollar and gold goes down on a strong dollar. And it has to do with reality vs fiction.
Compare 1995 to 2009:
There's obviously a lot more to it, but this is a basic, and fairly accurate, indicator. BTW, an ouce of gold used to be $20/ounce. Talk about losing value.
But w/e, everything is fine, Peter Schiff is an idiot, history is fake, the government loves us, and everything will be okay. After all, being a slave is easy.
I dislike politicians and politics equally, which i've said in multiple variations of your ineffectual threads. If you are suffering from amnesia, say so. Don't get butthurt and resort to your cliche "leftwinger/liberal" insults just because I said you don't have credibility; you really don't have much here. Unless you count people mocking you in their thread titles as credibility. If that's how you measure it then I guess you have a lot.
Do you ever take any action outside of posting political threads on an internet marketing forum? I protested the last democratic convention alongside war veterans, did you?
Why would I care about a moron's opinion? When you have something substantial to say about economics or why Peter Schiff is wrong, by all means feel free to say it. Until then, you can content yourself with sitting in a circle jerk with the other leftwing retards, throwing mud at the messenger because you're too stupid to adequately contemplate the message.
It's alright, I understand you're frustrated. You're an awesome messenger great job at being the messenger really not sure how I'd learn about inflation without you bro.
You didn't answer any of my questions though; do you do anything else besides starting political threads on internet marketing forums?
You are absolutely mistaking. The dollar goes down when more money is issued by the Fed as more money is in circulation. This is called inflation because the money supply is inflated. As more money is printed, the dollar holds less value because it is now competing against all the other dollars that were newly issued simply by printing them (the dollars that came into existence without actual real work). And since these Fed notes (dollars) haven't been backed by anything since 1971 the criminals can print as many notes as they want and inflate the money supply as much as they want and the sheeple absolutely love it. They can't get enough of it because they understand neither money nor history. And what have we been doing the past year? Printing (actually it's just digital) more money than ever before.
This doesn't even take into account the fact that is is mathematically impossible to pay off 1 Federal Reserve Note issued with that exact same note due to interest. We can't pay off the debt, we have more debt than ever, and the people (well the sheeple) are cheering on more debt. Couple this with the fact that we pay interest with our real money that we worked for on fake digital money that never existed and you have a bunch of sheeple ready to get a taste of Nazi Germany and the Fall of the Roman Empire. But that's okay, basketball is on and that's more important than reading a book.
To say that the dollar was lower in 1995 is to not understand the dynamics of purchasing power. There is a reason that gold goes up on a weak dollar and gold goes down on a strong dollar. And it has to do with reality vs fiction.
Compare 1995 to 2009:
There's obviously a lot more to it, but this is a basic, and fairly accurate, indicator. BTW, an ouce of gold used to be $20/ounce. Talk about losing value.
But w/e, everything is fine, Peter Schiff is an idiot, history is fake, the government loves us, and everything will be okay. After all, being a slave is easy.
That looks like a bubble to me.
I wouldn't invest in Gold right now just like I wouldn't have invested in the stock market February 2000 or the real estate market in December 2005.
You want to buy Shiff's gold, go right ahead.
The US dollar is the world currency because the US is the world's policeman. It ain't changing unless our military packs up and leaves everyone alone and that ain't going to happen.
Meanwhile our own Government keeps the dollar weak to encourage foreign investment. Pretty damn simple.
If you want to leverage yourself, then open accounts in each of the major world economic currencies. That way you can stay close to even money if you want to travel or invest overseas.
Buy gold when it bursts.