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Originally posted by Dbriefed
reply to post by projectvxn
Buy a house? Banks can repossess those at will. It's no security.
Ref: www.abovetopsecret.com...
I'm trying to decide between Gold and Euros. Gold is an industrial metal and had dropped when production dropped. Europe is not doing well economically either, and they're printing bailout money just like the US. So, although they rose recently, neither looks solid.
Originally posted by cpdaman
well state and city budget shortfalls will surely make bigger headlines in 09
I think all currency's are being competitively devalued at the same time debt's are being defaulted on (deflationary forces).....
Does anyone want a strong currency?
Beggar Thy Neighbor tactics are a hallmark of deflationary times. When and how this madness ends no one knows. In the meantime, the ongoing competitive currency devaluations make a good fundamental case for owning gold. By Mike "Mish" Shedlock Full Text
I think all currency's are being competitively devalued at the same time debt's are being defaulted on (deflationary forces) which makes reading the dollar's strength akin to viewing someone sinking into quiksand at the same time the top layer of sand is being removed around there neck and trying to figure out wether there condition is improving.
Originally posted by cpdaman
Ya M. chaing isn't pulling any punches in his articles but he was not really a source for this thread.
You know i think one of the biggest detrements to the financially astute is that sometimes wether or not they see all the corruption and have unbiased openmindeness to be ABLE to recognize it's tools (media) is the fear of losing there income generating potential / REPUTATION by talking about such topics.
......because they may be looked at as crazy....or called names