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Originally posted by superman2012
Isn't the American dollar only backed by about 2 cents of gold for every dollar out there!?
Moody's Investors Service said in a report on Thursday that the U.S. will need to reverse the expansion of its debt if it hopes to keep its "Aaa" rating.
Originally posted by mnemeth1
Originally posted by Kargun
Wow this means nothing and I bet the dow rises tomorrow. Talk about spreading fear. Go hedge some money if you are scared. China needs oil. Guess what that is traded in. China holds a trillion of US foreign debt. I'm SOOOOOOOOOOO glad that when the dow hit 6500 I bought instead of selling like EVERY ats financial adviser would have had me do.
This site is good for ufo's but the WORST for making money in the market.
Silver was 18 an ounce 2 years ago, now it is over 34.
If you had listened to me, you would have made a 190% return on investment.
How did the market do in the same period?
By the way, Zimbabwe has one of the best performing stock markets in the world..... in nominal terms.
edit on 2-3-2011 by mnemeth1 because: (no reason given)
Originally posted by wayouttheredude
I think you will see the Chinese dumping more of their US currency valued t-bills and such right back here in the USA where they will get more for their money than in official currency exchange. Don't be too surprised if those really nice houses in your area that have been empty for a while suddenly have new owners and they will be the Wongs and the Changs or some other big Chinese family.
They are buying up little islands and resort properties in South West Florida I know for certain since I dealt with some of them over the last few years. They mostly create tax exempt trusts to hold the property and then slowly develop the property on the cheap holding it until the market rebounds I expect. They are hard to work for because they just do not want to pay what a job is worth. After a couple of development projects for the Wong family I quit over a payment dispute.