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  #1  
Old 12-30-2010, 06:39 PM
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The Dollar Bubble

I know everybody prefers to brush it off as nothing, buuh. It's so easy, right.

http://www.youtube.com/watch?v=eZA0qNsf4m0

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  #2  
Old 12-30-2010, 07:34 PM
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so, we're going to buy a loaf of bread with a wheel barrow full of money, like weimar germany?
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  #3  
Old 12-30-2010, 07:39 PM
Craig
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Originally Posted by tonkovich View Post
so, we're going to buy a loaf of bread with a wheel barrow full of money, like weimar germany?
It's not going to happen, there are too many countries holding too many dollars to let that type of inflation go unchecked.
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  #4  
Old 12-30-2010, 07:57 PM
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It's not going to happen, there are too many countries holding too many dollars to let that type of inflation go unchecked.
How do you know what's gonna happen?
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  #5  
Old 12-30-2010, 08:00 PM
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Originally Posted by tonkovich View Post
so, we're going to buy a loaf of bread with a wheel barrow full of money, like weimar germany?
Today's people haven't been there. The common perception is the US can't make such a plunge, too big to fail. Yet, it could get much worse then that.
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  #6  
Old 12-30-2010, 08:08 PM
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Originally Posted by LaRondo View Post
How do you know what's gonna happen?
Because I understand basic economics, and because I don't panic everytime some crazy claims the sky is falling. If you believe otherwise, you should take steps to get out of dollars.
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  #7  
Old 12-30-2010, 08:16 PM
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Because I understand basic economics, and because I don't panic everytime some crazy claims the sky is falling. If you believe otherwise, you should take steps to get out of dollars.
I took my measures a long time ago, and I don't panic at all, actually far from it.
What gets me though is that peeps like you who claim to understand "basic economics" (which is really nomore than that) and continue to be so blindly naive as they are to call everybody else, no matter their expertise, "crazy".
I think you haven't got a clue. For as long as it keeps floating you're fine, once it bursts, you gonna look like this >>>

If you understood anything at all, you wouldn't respond like you do. Point in case.
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  #8  
Old 12-30-2010, 08:23 PM
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OK, we'll just have to wait and see what happens. Personally, I'm more concerned about my low ROI at the moment (potential deflation, or at least stagnation) than some future potential inflation. You don't need to worry about me, I'll be just fine. Hopefully, folks like this won't mislead too many people.
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  #9  
Old 12-30-2010, 08:32 PM
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Originally Posted by Craig View Post
OK, we'll just have to wait and see what happens. Personally, I'm more concerned about my low ROI at the moment (potential deflation, or at least stagnation) than some future potential inflation. You don't need to worry about me, I'll be just fine. Hopefully, folks like this won't mislead too many people.
I am not worried about you at all, it's the radiated naivity.

Here's the 'Master Culprit' speaking, a few years back:

http://www.youtube.com/watch?v=NZHGtbGJ16c&feature=player_embedded
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  #10  
Old 12-30-2010, 08:34 PM
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Good luck.
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  #11  
Old 12-30-2010, 08:43 PM
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Good luck.
You have nothing to extend such a thing.
I recommend you reset your fundamentals. If you said 'You don't understand basic economics, but you like to believe ...' I could have given you credit. Keep on dreaming.
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  #12  
Old 12-30-2010, 08:47 PM
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As I said, good luck; you should act on whatever you believe, and I will do the same.

He who dies with the most toys wins.
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  #13  
Old 12-30-2010, 08:53 PM
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"Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs." --Thomas Jefferson
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  #14  
Old 12-30-2010, 08:59 PM
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With all due respect to Mr. Jefferson, you might want to look into his personal financial history before taking his advice.
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  #15  
Old 12-30-2010, 09:01 PM
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"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson, (Attributed) 3rd president of US (1743 - 1826)


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