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Bottom line debt is bad right now, but the cost of living almost forces it upon people these days.
The graph covers the period from 1970 to 2011. The blue line shows the price of gold in US dollars which we’ve been referring to as the exchange rate between US dollars and gold. The pink line shows the value of the US dollar relative to a basket of currencies from the ROW and so when the pink line is going up it means that the value of the dollar is strengthening relative to other currencies and if the pink line is going down it means that the dollar is weakening relative to other currencies. As you can sort of see these two lines tend to the inverses of one another.
Private investors and central banks have scrambled in recent years to stock up on gold. This summer, they drove the price over $1,600 an ounce for the first time ever.
Originally posted by thorfourwinds
reply to post by MamaJ
As far as I know, the mortgage laws do not include the ability to seize property - other than sell your house.
As far as attempting to remove my personal possessions, meet my little friend, Mr. Desert Eagle.
And we agree that it is going to get worse... say June, maybe July when things get wonky and food riots begin.
Good on you for your integrity.
Just south of you in Rabun County, Ga, we remain,
Originally posted by CaptChaos
They are also re-instituting debtor's prisons...
Originally posted by MidnightTide
Pffft - why do people say I have zero debt, own everything seem to think they are "safe."
If the economy collapses, you have riots in the streets - doesn't really matter that you have zero debt. People will be breaking your door down to get what you have. Forget about having some debt, I would be more worried about having surplus food/water/ammo and the like.
Or we are all screwed...I know I am up to my eyeballs in debt!