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Replies: 111 / Views: 11,055 |
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Pillar of the Community
Australia
7096 Posts |
Quote: This economic expansion is real, the strength of the housing sector is real, the jobs creation is real and the US is the best place to be.
Trillions of dollars in debt, a 7.6% unemployment rate and some horrific crime statistics  I think I will stay in Aus and tough it out here   
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Pillar of the Community
United States
3789 Posts |
No, I am saying, if you are so sure the Fed is buying the debt and bonds, then you should have proof. If you don't have proof of that well then its a waste of time.
I don't have to prove anything, it is enough that the USA is the economic growth engine of the world and its doing fine.
Finally, the DIJA means nothing, the index that matters is the S and P. Only the public looks at the DIJA, it is the SPX (S and P 500) that is the true benchmark. Furthermore, your chart of the DOW is incorrect, as no one measures by a 10 year bench mark, try again my friend.
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Pillar of the Community
Japan
666 Posts |
Quote: No, I am saying, if you are so sure the Fed is buying the debt and bonds, then you should have proof. If you don't have proof of that well then its a waste of time. enough?:)  Quote: it is enough that the USA is the economic growth engine of the world I'm not arguing with that Quote: Finally, the DIJA means nothing, the index that matters is the S and P. Only the public looks at the DIJA, it is the SPX (S and P 500) that is the true benchmark. Furthermore, your chart of the DOW is incorrect, as no one measures by a 10 year bench mark, try again my friend. no, this time you should try by giving me a chart that S&P sales are different from Dow 30 ... that's how debate works you gave no proof except Gov made BS ... I know you can do better, don't you?
Edited by bekiz 06/23/2013 9:53 pm
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Bedrock of the Community
13014 Posts |
Quote: it's not about being against US, it's being against those who think and make decisions that excessive debt may solve structural problems. It cannot and it will not. Prediciting high gold and silver prices really is betting against the US though. You cant have high prices without everything being in the tank. Theres no instances of high prices when things are going well. Long term your right you cant just print your way out but you absolutely can for a time period. Debt and the US is nothing new, its been growing every second for a lot longer than weve been alive. The simple fact is right now it doesn't matter because no one is going to try and tank the US and bring the world down with it. We can in fact do anything we want with money, if no one cares about being paid back it doesn't matter for now. In a generation or two it will start to catch up but a lot of things have to happen for the rest of the world to shelter itself before that can happen.
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New Member
Australia
48 Posts |
I agree Trout! I often wonder how the US will get out of the mess their in. Luckily we'll never be in as much trouble as the US because we pay too many taxes 
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Bedrock of the Community
13014 Posts |
Quote: some horrific crime statistics Our crime is much lower than it should be all things considered. Our rates are also far from horrific. Many first world developed countries have much higher crime rates especially violent crime rates. The UK has by far the highest violent crime rate as of last year which is the last year data is available for with over 2k violent crimes per 100k residents
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Valued Member
United States
362 Posts |
Hey JSH, who would have thought that your simple question would have led to this topic going viral? Basebal21, I like a lot of your points but they're mixed with partial fact and partial patriotic optimism. While your fact based reasoning is slightly (and I mean slightly) skewed, it is off set by the national pride factor. The end product will ring as you say because of that so your hypothesis in my opinion will be realized. My fear is that GDP to debt ratio moving so high, so fast with no changes in place to slow it down or abate it in the next four years. To those who think I'm dead wrong, I hope that you are right. I'd gladly take a bath to be proven wrong on this subject. But I swear or affirm, I just don't see it, and brothers I have looked and looked. So, in the end I'm just one man outta millions who is either smarter than most or dumber than a bag of dirt. Only time will tell. 
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Pillar of the Community
United States
3789 Posts |
Sorry but theres NOTHING to debate.
Bottom line, the USA is fine, is getting stronger economically and anyone who cant see that, well I feel sorry for them because they are going to lose a ton of money in their gold and silver.
When you have proof that the Fed is buying back their debt, then come back to me. Until then, its nothing but mere poppycock, based on futile conspiracies.
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Pillar of the Community
Japan
666 Posts |
LOL OK, faith in something is good
P.S. BTW I inserted the chart ... can you read charts? ))) P.P.S. I thought you were able to prove yourself not just put words in sentences
Edited by bekiz 06/23/2013 10:43 pm
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Bedrock of the Community
13014 Posts |
Quote: Basebal21, I like a lot of your points but they're mixed with partial fact and partial patriotic optimism. While your fact based reasoning is slightly (and I mean slightly) skewed, it is off set by the national pride factor. The end product will ring as you say because of that so your hypothesis in my opinion will be realized. My fear is that GDP to debt ratio moving so high, so fast with no changes in place to slow it down or abate it in the next four years. I dont dispute that the fact that we can one day fall. In fact its almost assured there will be a day the earth exists without the United States as has happened to basically every country at some point in history. That day wont be in the next 4 years and probably not 40 years without some dramatic event. If we want to have a country 200 years from now or 400 years from now we certainly do have to make changes. We are very fortunate right now that despite our best efforts it takes a heck of a lot more to put this giant down. We actually have been in worse positions in the last 150 years. If our military starts to become irrelevant or no longer THE global power Ill definitely be looking at it again and reconsidering my position. The same holds true if steps are taken by the rest of the world to completely isolate themselves from our economy thats when it will be time to start worrying. As long as were the largest consumer and have the military might these things will just make our life harder but not break us. We owe a lot to the past generations for putting us in this position of strength. Future generations are the ones were really hurting with all this which is the real problem. Because we know that well get through our lifetimes fine theres no motivation not to keep milking it for most people. I would rather not have them looking back on us as the ones who hung them out to dry. The good news is theres still time to fix everything or get back on the right course and until then we just have to keep gutting it out and when the time comes to go vote for the person we think is most capable of getting us back on the path we should be on.
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Pillar of the Community
Canada
2805 Posts |
Quote: Sorry but theres NOTHING to debate. Sorry, folks. You heard it here first. Thread's over, go home to your families :(
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Pillar of the Community
Australia
7096 Posts |
Quote: Sorry but theres NOTHING to debate.
I think you did rather well being able to type that statement whilst your head is still in the sand , Bravo   
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Valued Member
Canada
470 Posts |
Edited by 1188howest 06/24/2013 01:11 am
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Pillar of the Community
United States
3789 Posts |
Chicken Little's with the sky is falling, negative Nancy and doom and gloomers never get anywhere.
I know many of you wished things would crash, that gold and silver would rocket right back up. Many of you cling to ZeroHedge and other conspiracy publications and continually fight the facts which are, no one ever wins by betting on doom and gloom.
Those of you who believe such things will always be twirled around in little circles, continuing to buy gold and silver as it drops and drops, putting you underwater. To quantify your losses, you talk yourself into saying you are a long term investor.
Its all so simple tho, sadly many cant grasp it. The economy in the US is getting better, thats a fact. Its not open to debate. I really have to wonder how those of you who have continued to stack silver are going to handle it when it goes back to historical levels and does nothing for a long period of time and then are forced to cash out at loss because you cant wait the long period of time.
That's why theres the old tried and true statement, "sell when you can, not when you have too.". Just wait and watch.
In the meantime, those who have invested in the stock market, on a regular basis and cut their losses early on their PM investments or cashed in when they had a profit, will make even more money and then some while those still are holding silver and gold wallow in pain and misery.
The other big issue is that many of those here who insist on buying gold and silver and mind you, are wrong for doing so because they are at a loss, suffer from confirmation bias. They bristle at the fact that someone would even dare tell them they are wrong. But thats fine, keep buying gold and silver at a loss, I am sure theres many smart intelligent folks who grasp why right now is not the time to buy gold and silver, and why things are getting better.
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Valued Member
United States
385 Posts |
Don't like your silver anymore, well I'll gladly buy it at spot. I remember hearing something that when everyone wants to buy, you sell but when everyone wants to sell and back off, this is when you stack up and gain holdings to "profitize" later. Silver is now considerably well supported below $20 and I feel like this is a great buying opportunity. Importantly, the gold/silver ratio is 65oz to 1oz of gold, that is very unbalanced and not normal. Until this ratio pulls up towards the normal 50s and 40s, all my debit and credit is going into silver. I justify my urge to buy silver because I personally witnessed silver being at $14/ounce, when I was in middle school and when my parents bought 2 ounces of gold at $660/ounce, silver was trading at $14. This was the only time I first visited kitco.com/market...to help my parents determine if this was a good price. I never visited this page for years until it was in the 30s (I was in high school at this time). Now that I'm in college and indebted with thousands and thousands of tuition, I'm planning on using my 0% apr credit cards on silver for the meantime and acquiring a full time job to pay it off in the future. Anyways, go with you guts. and I suggest buying in more :) Thanks for letting me share.
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Replies: 111 / Views: 11,055 |