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Dollar Revalued - Gold Standard

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Valued Member
Money's Avatar
United States
160 Posts
 Posted 10/12/2010  1:16 pm  Show Profile   Bookmark this reply Add Money to your friends list Get a Link to this Reply
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jbuck's Avatar
United States
189340 Posts
 Posted 10/12/2010  3:07 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I'm nervous enough just using a cash ATM. Someone just paint a target on me and get it over with. Thank heavens they're just in the middle east. I doubt you'll see one in a mall near you anytime soon.

Quote:
...plans to launch two such ATMs in Las Vegas and Florida. Plans are to expand the Gold to go ATMs in New York, Dallas, Los Angeles and Minnesota.
Interesting. I really want to use it at least once just to say I did. But, carmykle makes a good point.
Pillar of the Community
Nickelman's Avatar
United States
1397 Posts
 Posted 10/13/2010  12:11 am  Show Profile   Bookmark this reply Add Nickelman to your friends list Get a Link to this Reply

Quote:
The greenback will rein as the commercial standard for trade until we spend ourselves into oblivion.


We passed that point about two years ago. Anyone care to disagree? I welcome the debate.

The best we can hope for now is that China doesn't demand full payment for our debt anytime soon.
Valued Member
Pinenut's Avatar
United States
462 Posts
 Posted 10/13/2010  12:42 am  Show Profile   Bookmark this reply Add Pinenut to your friends list Get a Link to this Reply
Why would China demand that we pay off our debt to them? We would instantly have to stop importing and then they would be screwed.
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Nickelman's Avatar
United States
1397 Posts
 Posted 10/13/2010  04:54 am  Show Profile   Bookmark this reply Add Nickelman to your friends list Get a Link to this Reply
How many years down the road will China continue to let us spiral out of control? A line of credit only goes so far. We can't possibly hope to ever pay off this debt we owe. We are a perishable commodity at this point.
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