reply to post by Stratrf_Rus
You people need to understand economics, history, marketing and investment ... the least studied disciplines in America (a.k.a., the "educationally
challenged," if you want to be politically correct). It seems as though nobody understands anything about value.
Gold has been the historic base for currency for the past 10,000 years. Through time, the demand for gold has been constant. There are many uses for
gold from jewelry, to medicine, to electronics, and many other high tech applications. Even though the population has grown exponentially, the demand
for gold remains the same because of its scarcity and and labor to extract. It is the only element on earth that has a constant demand, it is
ubiquitous, and it never changes, e.g., it doesn't rot, it doesn't deteriorate, it doesn't change for, etc. ... it never changes.
Again, for those who are educationally challenged, just look up what happened to Holland when they went on the tulip bulb commodity as a currency. As
you look throughout history, the countries who did not have gold for trade and commerce, they no longer exist. They couldn't trade, they couldn't
pay for their troops, they couldn't sustain an economy, and they couldn't sustain a government.
So, we are here in the USA today. We have a trade imbalance, we are in debt where we cannot even pay for servicing the debt, we have no gold, we
produce nothing except for debt, we have a deteriorating infrastructure, and we have a collapsing economy. It is easy to forecast the end of another
country, i.e., at least it is easy to see for the non-educationally challenged. Go ahead like a dumb flock of goats, and just follow the goat herder
right off the cliff.
Here are the facts: We have been running the country like a pyramid scam, printing currency without anything to back it, claiming debt as an asset,
and trading currency as a commodity like "baseball cards." There is no gold to back the dollar. The only thing that this country produces is
The government allowed companies like Enron, WorldCom, Tyco, Nortel, and all the others to clim debt as an asset. Then, we put their CEOs and CFOs in
jail. Then, the government started doing the same thing ... counting debt as an asset, and the US has been spending and trading for the goods fully
knowing that we had more debt than possible revenue ... the US has more debt than there is money in the entire world.
If the dollar were backed in gold, we could trade gold and not be in debt. But, the US currency is only backed by debt. Well, the people in debt
cannot pay their debt, so there is absolutely nothing to back the dollar. Everything in nature, science, the cosmos, and economics will always seeks
homo stasis. In other words, the US cannot sustain a false economy for which there is no basis. When something dies, there is a frenzy of activity,
then everything suddenly collapses on itself. It doesn't happen over decades, it is all of a sudden. Such went the way of whole countries and
empires all throughout history.
I look at the dialog of those who have written above, and don't have a clue of economics, history, marketing, finance, and investment, and nobody has
a clue of what they are talking about. It's seems funny, but is really pathetic. In the world market, see what you can trade for gold. Then, see
what you can trade for the USD. You will find that nobody is accepting the USD. It looks like some people finally woke up and realized that debt is
not an asset. So, if you are still unclear, ask yourself what is the difference between gold and debt. Gold is real and tangible. Debt is a
negative expense for something that is not there and accruing interest until it becomes a positive number.
If you have figured it out, what you see right now with the economy, so will go another nation that does not have enough gold for trade.