(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.
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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.

this is a bad idea bro

Tax the rich.

Gold is at $1,450 now btw. It's plateaued for now though.

Why? Buying something when its high is a bad idea? I swear, basic investors realize this. Buy low sell high, you don't buy high to sell at a 10% increase and then pay tax. That math causes you to lose money.

---------- Post added at 03:32 PM ---------- Previous post was at 03:31 PM ----------


We do tax the rich, to the point its over 50% now....

No, I'm now familiar with the Nixon Shock. Look at my location. We don't learn about American history, especially something as useless as gold. He might have done that in America, but he wouldn't have done it all over the world. Money is supposed to represent the gold reserve a country has. If it didn't, then why are countries like Africa poor if money is just paper? Because all the gold that country get's mostly is taken away by drug/gang lords. Meaning they sell it abroad.

And spending more money than the country has makes sense. I explained it and all you I got back was "Nixon shock". You can have a credit card that has £2000 on it. You can spend as much as you want over £2000 because it's a credit card. You spend say £3000, you are £1000 in debt. SOMEONE has to find that money to pay, seeing as though you can't, so that means that the bank pays it for you and you owe the bank. The bank is now £1000 in debt until you can pay. Now say 50 million people do that a month, the bank has to pay that money until they get it back, which is a month. Get it? The bank goes in debt, companies can't stay open without banks, then the government bails them out off the billions of money, gold value increases while money stays the same, gold has more value, money doesn't increase. So say £1000 is 1/4 of a gold bar, it might be £1500 for 1/4 of a gold bar. You don't get much gold for your money. Understand?

That's what money is, what else does money represent and like I have asked before, why are all countries not equally rich?

To which I say, :FU: Republican Fags!

Lots of class envy. I bet 99% of you don't even pay income tax yet. Let alone paying for bills, car insurance, payments etc... For you guys to come in here and act like taxing the rich more will solve anything, take a look at California. So many businesses are leaving California because of the extremely high taxes imposed on the corporations. The corporations hire people, so taxing them more, combined with people not spending as much compared to before the recession, will only contribute to more unemployment... All you Democrats support Democrats that waste billions of dollars in tax payer money ie: USPS, Welfare, SS etc. Why pay more taxes when the goons in DC will waste it all?

turn weed into currency.

Pound Sterling FTW :carling:

Not necessarily true. Republicans called for no taxes, but less spending. Our spending has gone out of controll and that is why we keep needing to impose taxes. I would also like to point out if you make over, I believe its $250,000 you pay at least 50% of it by income tax.

---------- Post added at 03:12 PM ---------- Previous post was at 03:12 PM ----------


WTF are you talking about?