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Something for the Hall of Fame – I have never seen something quite like this

Home › Forums › Breaking News › Something for the Hall of Fame – I have never seen something quite like this

This topic contains 2 replies, has 3 voices, and was last updated by Avatar of MaryB MaryB 3 months, 3 weeks ago.

Viewing 3 posts - 1 through 3 (of 3 total)
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  • January 23, 2013 at 12:27 AM #20340
    Avatar of GreenEggsAndHam
    GreenEggsAndHam
    Member

    I was perusing the web and came across an article on Daily Silver News were Larry Gold completely laid it to a lying piece of crap main stream media author who claimed that the US could continue to live the lie of the Fiat currency system forever without consequences.  If this doesn’t make it to the hall of fame, I don’t know what will…

     

    The article I’m referring to is here:

     

    http://www.dailysilvernews.com/really-forbes-the-us-can-continue-the-fiat-currency-lie-forever/1767/

    • This topic was modified 3 months, 3 weeks ago by Avatar of GreenEggsAndHam GreenEggsAndHam.
    January 23, 2013 at 6:56 AM #20343
    Avatar of RocketsRedGlare
    RocketsRedGlare
    Member

     

    If there’s one article of faith in Washington (and elsewhere), it’s the idea that the United States might get into a debt crisis if it doesn’t get its fiscal house in order.—-This is not true.—-The reason why it’s not true is because we live in a fiat currency system, where the United States government can create an infinite number of dollars at no cost to meet its obligations. A Treasury bill is a promise that the government will give you US dollars–something that the United States government can produce infinitely and at no cost. http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/ PLEASE. At no cost? There is a cost alright. To everyone who is payed in that WORTHLESS PAPER.

    January 23, 2013 at 11:50 PM #20377
    Avatar of MaryB
    MaryB
    Member

    Hyperinflation is the cost.

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Avatar of SILVERKING16
SILVERKING16
" I feel ya Mary. My average buying cost is around $30....Although as you said, I still believe in all the fundamentals, and where silver SHOULD be, its hard not to get discouraged at WHERE IT ACTUALLY IS! "200 years from now your silver will still be valuable." Statements like this absolutel... " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-20 13:32:00

Avatar of undeRGRound
undeRGRound
" HRHE2 can go kiss a Beaver for all I care! LMAO!!! " Reply To: Best Looking Silver Coin
Posted on: 2013-05-20 09:49:19

Avatar of undeRGRound
undeRGRound
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Posted on: 2013-05-20 09:46:18

Avatar of SilverStacker
SimpleStacker
" LOL, it was a free non sanctioned test.  Just wanted to see how much I already knew.  Learning curve should be a piece of cake. Things I have been wondering though are whether the gov would shut down those frequencies in a SHTF scenario.  No point in heading in that direction if it's a lost ca... " Reply To: Ham radio
Posted on: 2013-05-20 08:43:57

Avatar of MaryB
MaryB
" The error I see stackers making is the value of their stash in fiat. Fiat that is rapidly losing any purchasing power and is losing its usefulness. Price your stack in real world goods to see how you are doing. $4 silver years ago bought 8-16 gallons of gas, $21 silver still buys 8 gallons of gas... " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-19 21:29:29

Avatar of Sumkid
Sumkid
" This is it! It's the end of precious metals' bubble! Silver is now at 20.90$ per ounce and gold at around 1342$ per ounce! Silver got hit very badly after the opening of the market. " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-19 17:42:47

Avatar of Sam
SamSr.
" There are many ways to view this one way is insurance, you pay for policies don't you?  I hope my home never get blown away in a storm but if it does I have a policy to cover it.  I like insurance, it's not always cheap but I sleep better at night knowing I have it. " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-19 10:10:34

Avatar of AGXIIK
AGXIIK
" gogetter my avg price was  $32-33 an oz but a recent Doc buy was about $25 and that made me satisfied with DCA My take on the fallout of these price smashes is one that tells me there are more reasons that just taking down silver prices to unwind a TBTF bank silver short contracts.  That sa... " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-19 09:49:56

Avatar of jav
javgeek
" Your crystal ball is the Silver chart, nothing more nothing less. Go screw David Morgan and the rest. They have ruined so many people financially. " Reply To: My Faith in Silver is Just About Broken
Posted on: 2013-05-19 02:58:54

Avatar of Sumkid
Sumkid
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Posted on: 2013-05-18 19:29:27


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