(adsbygoogle = window.adsbygoogle || []).push({}); I saw someone's thread about the U.S. debt so I remembered this information from an article I read on You must login or register to view this content. a while back. It will be a somewhat long, but I will try to keep it as short as possible and try to hit the most important points. If you want any more information, I would advise going to inflation.us and reading some of their articles.

Let's start off with some basic information. As of July 25th, the U.S. Public debt is over 14 trillion dollars, which basically means the U.S. government owes various countries, and some of their own programs such as Medicaid, S.S. Federal pensions, etc. over 14 trillion dollars. The reason this debt is increasing instead of decreasing, is obviously because we are spending more money then we are making. That leaves us with two solutions; Cut government spending, or print more money. The problem with cutting government spending is that everyone cannot agree on one budget. Democrats want to raise taxes. Republicans want to focus on cutting spending and avoid raising taxes. Printing off more money makes every dollar worth less. Think of it like this. The more of something you have, the less each one is worth. A prime example of this would be the Zimdollar. In Zimbabwe, 100 trillion of their dollars is enough to buy you about 3 eggs. The same would apply to us. If we print off more money, everything costs more because there are more dollars in circulation. It does not necessarily mean the value of it goes up, just the price. Like how $.10 back in the early 1800's was equal to about $100 now. Now let me get to the problem we are facing. Federal Reserve Chairman Ben Bernanke has stated he plans to take actions such as lowering interest rates for banks on their Reserves in the Federal Reserve, and printing money, if the economy weakens and there becomes a threat of deflation. When asked about whether or not he watches precious metals prices and believes gold and silver are money, he said they are simply assets but not good enough to replaces ones money. Now, back in about 2003 Gold was around $600 an ounce and Silver was about $5 an ounce. Now, they have moved up to $1,200 and ounce for Gold and $18 an ounce for Silver and rising. The all time highs for both were back in 1980 when they hit about $6,100 and $130 an ounce in today's dollars.
You must login or register to view this content.
You must login or register to view this content.
As the national debt steadily increases, the U.S. will eventually be forced to print more money and trigger inflation of the U.S. Dollar. When you combine Federal, State, and Local debt, you get a number around 17 trillion USD. The best way to keep your own personal savings valuable is to buy gold and silver then resell it when the economy is better or when it hits a high point. I would advise anyone and everyone to check out inflation.us, where you can get gold/silver seller reviews, stock advice, and information about our economy from a objective, rather then subjective, point of view. I've invested about $2,000 I made working last year during school and this summer into Gold/Silver, and convinced my mom to spend some of her savings on it. They say, you can take a horse to the water but you can't make it drink, Good Luck NGU.

---------- Post added at 11:35 AM ---------- Previous post was at 11:34 AM ----------

When I say to buy Gold/Silver I mean coins, bricks, and sheets. Not jewelry.

the problem with this is the goverment can raid peoples homes/banks and take all the gold and silver, ever wonder why they are slowly taking away more and more of our freedoms?
so if u do this you would be better off storing it offshore (switzerland or someplace) maybe keep a small amount with you to barter with to make your way to a airport and get the **** out of here!

but your best bet if you are really worried about this is to invest that money into land and install a well and power it off the grid the learn to farm and get some livestock ( a man who provides for himself has nothing to worry about when/if this happens) just make sure you have protection aswell as there will be people freaking out and you will need to defend yourself/family and belongings

but seriously china and japan will not call in there debt! its in there best interest that we recover and they can get a return on there money this is fact and in 7-15 years china will be paying there people enough money it will once again be cheaper to produce goods here thus bringing jobs back to the us.

all this information can be found online you just need to look for it



the housing market is what started all of this in the first place if you remember and the gains it has been having (or i should say the slow down in lose lol) is false its only because the banks can not proscess all the foreclosures they have since they stoped the robo signing. the housing market will eventually stablize but only after it returns to fair value, even then who will be buying said houses? no one will have the money! research more the information is out there do not be a sheple and believe what the mainstream media is feeding you



then explain why my house has decreased in value by 5% in 1.5 years since i got a mortgage on it, all of these decrease in value if there is not a market for it its called supply and demand! simple economics stop being sheple and inform yourself the information is out there do not believe mainstream media. who do you thinks owns them?




gold and silver are very diffrent in price yes but there has been a trend of silver maintaing a value of something like 1/16 that of gold and right now it is way under priced and if gold were to increase further it would mean silver is that much more underpriced

but it could also mean gold is over priced and could crash soon your best bet at this time givin you cant afford gold and the information available would to be purchase silver you could still get a very nice return on your investment depending on how much you bought you could make out better buying silver then if you got gold

and 1 more bit of information china has been decreasing the amount of silver it exports over the years and recently there was a big reduction in the amount it exports. this could also be a factor in making silver way under priced then it should be

That can be true or false, depending on how you look at it. Japan just had those earthquakes, which will cost an est. 300 billion to repair and recover from. Guess where they can ask for the money from? China, is communist and after the U.S., the second most powerful country in the world, no telling what they can or will do. All I will say is be prepared for what may or may not happen.

yes japan could call in there debt but they wont, they know if the US economy falls then it will hurt them much worse then the earthquakes did

and yes china is communist but they are also exploring capitolizm, there current system can not be labeled as either. and china also knows if the us economy falls it will also hurt them aswell, who do you think they export most of there goods to? the USA

again all this information is out there you just need to look for it and not on mainsteam media sites!

EDIT

i dont want people to get the wrong idea of what im saying

yes china is going to become the next super power its unavoidable
yes the US is going to fall back from where it has been in the global market

will it be a currency meltdown? honestly i dont know
i do know we will default on our payments before china or japan call in there debts

that is our main problem right now, keeping up the debt payments. if we miss them then we lose our AAA credit rating and our current intrest rates will skyrocket and will be felt all through the economy

I'd say to not even sell back the gold in the future. Just keep it and use that as your own currency. Eventually it would catch on as there would be no government to screw it up, as you would own your money.

I'm not reading this.

Our currency will turn out to be all digital hopefully... Its more convenient imo.

More convenient? So when a harddrive crashes or someone gets hacked they are broke? Curreny cannot be digital. As it is a representation of concrete items such as gold...

I meant credit cards, :lol: Sorry.

And right as you say this. Look at the Headline News on yahoo.
You must login or register to view this content.