[quote]nothingclever wrote:
Why does it matter if he mentions global warming? He’s talking about it because it’s something that can be addressed at the same time as America’s foreign oil dependency by creating alternative energy sources within the country.[/quote]
It matters because at some point someone has point out that man-made global warming is at best unproven, at worste complete bullshit.
Someone need to point out that world history. Warm = prosperity. Cold = misery. Alway been that way, always will be. Global cooling is what we should be preparing for. That would be the real dissaster.
Dhickey you should have been buying gold since 2000 you retard. Do you even know the gold price today and where it started when Bush and a Republican congress took over? Party identity is irrelevant. There is a dimes worth of difference between R’s and D’s. wake up.
[quote]Odogg wrote:
Dhickey you should have been buying gold since 2000 you retard. Do you even know the gold price today and where it started when Bush and a Republican congress took over? Party identity is irrelevant. There is a dimes worth of difference between R’s and D’s. wake up.[/quote]
Has more to do with individuals that the democrats in general. I see things getting even worse not better with an Obama, Pelosi, Reid trifecta. The lesser of two evils I guess.
At least McCain claims to have a plan to balance the budget. Wait, did I just type that. If he could only get rid of the fed. Whishful thinking I guess. Ability to sell bonds and control (chuckle) inflation. How can that be seen as anything but a scam.
I didn’t have any disposable income in the early 2000s. I am a retard for not putting money in gold now that I have disposable income. I’ve been too concerned with not having loans on cars and minimizing loans on property. Pretty smart considering interest rates these days but I get nervous when I owe people money. My own neurotic fault.
[quote]dhickey wrote:
Odogg wrote:
Dhickey you should have been buying gold since 2000 you retard. Do you even know the gold price today and where it started when Bush and a Republican congress took over? Party identity is irrelevant. There is a dimes worth of difference between R’s and D’s. wake up.
Has more to do with individuals that the democrats in general. I see things getting even worse not better with an Obama, Pelosi, Reid trifecta. The lesser of two evils I guess.
At least McCain claims to have a plan to balance the budget. Wait, did I just type that. If he could only get rid of the fed. Whishful thinking I guess. Ability to sell bonds and control (chuckle) inflation. How can that be seen as anything but a scam.
I didn’t have any disposable income in the early 2000s. I am a retard for not putting money in gold now that I have disposable income. I’ve been too concerned with not having loans on cars and minimizing loans on property. Pretty smart considering interest rates these days but I get nervous when I owe people money. My own neurotic fault.[/quote]
Gold will plummet when the Fed starts contracting th emoney supply in the next year or two. Now is the time to sell.
[quote]Zap Branigan wrote:
Gold will plummet when the Fed starts contracting th emoney supply in the next year or two. Now is the time to sell.[/quote]
Not necessarily. It depends how badly people prefer to hold paper assets to gold assets. When investors are unsure about paper they will keep their money in a real commodity. This will keep demand for gold and other precious metals high compared to the supply which hasn’t changed relative to fiat.
Contracting the money supply would involve either raising interest rates, recalling debt, canceling loans, or a combination of the three. Which actions do you think would return confidence to fiat? What would the consequence of these actions be?
Gold will plummet when the Fed starts contracting th emoney supply in the next year or two. Now is the time to sell.[/quote]
Contracting the money supply? That would be interesting. At least in any amount that would have any real effect. The best thing they could do is leave it alone. Raising and lowering the real value of money really messes with the money markets. As a borrower you would not want the money supply to contract. I suppose you could argue your salary staying the same would balance it out but and the market has to react in pricing of all goods and services as they compete for fewer dollars.
Uh, and according to McCain, the plan is winning the war in Iraq. It’s funny, but not much of a plan.
Dude…Seriously…in this thread too?[/quote]
That’s what I was thinking, you’re posting dumb stuff somewhere else and then talk about McCain’s plan?!!!
And here it is:
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction”
Keeping in mind this is a man of experience! Guaranteed victory in Iraq and Afghanistan will balance the budget.
[quote]LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
Gold will plummet when the Fed starts contracting th emoney supply in the next year or two. Now is the time to sell.
Not necessarily. It depends how badly people prefer to hold paper assets to gold assets. When investors are unsure about paper they will keep their money in a real commodity. This will keep demand for gold and other precious metals high compared to the supply which hasn’t changed relative to fiat.
Contracting the money supply would involve either raising interest rates, recalling debt, canceling loans, or a combination of the three. Which actions do you think would return confidence to fiat? What would the consequence of these actions be?[/quote]
[quote]Zap Branigan wrote:
LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
They will raise rates and things will be fine.
For whom?
Everyone except the suckers who hold gold.[/quote]
The value of paper currency will not change just because interest rate have risen. It may be enough to slow down inflation but it will not be enough to reverse it. Savers will prosper and people in debt will not (remember those people with ARMs that caused the housing bubble to burst?). The economy as a whole will slow down as businesses quit taking on debt to increase productive capacities. If the fed increases rates unemployment will rise. The price of gold will not change enough to cause a panic.
[quote]LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
LIFTICVSMAXIMVS wrote:
Zap Branigan wrote:
They will raise rates and things will be fine.
For whom?
Everyone except the suckers who hold gold.
The value of paper currency will not change just because interest rate have risen. It may be enough to slow down inflation but it will not be enough to reverse it. Savers will prosper and people in debt will not (remember those people with ARMs that caused the housing bubble to burst?). The economy as a whole will slow down as businesses quit taking on debt to increase productive capacities. If the fed increases rates unemployment will rise. The price of gold will not change enough to cause a panic.[/quote]
Business will sort itself out with higher interest rates and hopefully less stupid loans will be made.
Inflation will slow when interest rates rise.
People won’t buy gold as a hedge against rampant inflation.
People holding gold will sell it for a lower price.
The time to sell gold is now or in the near future.
I don’t buy it Zap, there is too much uncertaintity in the market; in the politcal world, and in foreign policy. The Fed stopped cutting at its last meeting, so it will start raising rates next to try and head off inflation but it has to balance that with the weakening economy.
Contract too much and boom, recession. Look at the financials, they are getting hammered and are lined up taking Fed Loan bailouts. Me thinks I keep buying. Evaluate the position again around late January, when we got a new president and congress.
Uh, and according to McCain, the plan is winning the war in Iraq. It’s funny, but not much of a plan.
Dude…Seriously…in this thread too?
That’s what I was thinking, you’re posting dumb stuff somewhere else and then talk about McCain’s plan?!!!
And here it is:
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction”
[/quote]
Where did that come from? That makes zero sense.
[quote]
Keeping in mind this is a man of experience! Guaranteed victory in Iraq and Afghanistan will balance the budget.
In conclusion. yes. seriously.[/quote]
This wasn’t a post about Iraq.
Go back and read my post about McCains plan. what did I type after that? Do you sense any sarcasm?
He’s not going to balance the budget. Do you think Obama will come closer? How?
Also, just a request. Please don’t say Obama is better because John McCain sent the county to war in Iraq. We’ve all heard this several times from you and holds no water with anyone of reason. By your logic, we should have nominated my mother. She has absolutly no interest in politics so she would be an even bigger change than Obama.
[quote]Odogg wrote:
I don’t buy it Zap, there is too much uncertaintity in the market; in the politcal world, and in foreign policy. The Fed stopped cutting at its last meeting, so it will start raising rates next to try and head off inflation but it has to balance that with the weakening economy.
Contract too much and boom, recession. Look at the financials, they are getting hammered and are lined up taking Fed Loan bailouts. Me thinks I keep buying. Evaluate the position again around late January, when we got a new president and congress.[/quote]
Buy stocks now when they are weak. They may stay flat and weak for a while but I don’t think the bottom will fall out. The corrections are being made.
Don’t buy gold high, unless you think Obama is really going to go Jimmy Carter on us and fuck up the economy even more.
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction”
Where did that come from? That makes zero sense.
[/quote]
You said McCain had a plan to balance the budget. I said yes he had a plan, and that plan was to win the war in Iraq. See quote above (from the McCain campaign BTW).
So yes he has a “plan”. Just a stupid one. (Remember he doesn’t know anything about the economy.)
No, but his plan for balancing the budget involves Iraq. See quote.
No, he’s (McCain) not going to balance the budget, that’s not something Republican admins do, but clearly Obama would come much, much closer. As to how, more revenue.
Yes, lots of folks are better qualified than McCain to be president, but Obama’s the one running against him. And of course it isn’t just the war, McCain also sucks at economy, so you have a guy who fundamentally doesn’t get the war on terror, foreign policy, or the economy, and proves it everyday.
You said McCain had a plan to balance the budget. I said yes he had a plan, and that plan was to win the war in Iraq. See quote above (from the McCain campaign BTW).
[/quote]
Your still not paying attention with regard to comment. The staffer that wrote that quote is an idiot.
Not many politicians do. Unfortunate.
why don’t you think we are going to “win” in Iraq or Afganastan?
weak
Please read any book on economics. I can suggest a few if you would like. After that add up the the current defict with the trillions of additional spending Obama wants to implement. The make some sort of logical judgement on how much more you can squeeze out of the top 5% of americans that already pay almost 50% of all income tax.
By the way do some research on what happened when Bush cut taxes. I’ll give you a clue, they set records for revenue and collected much more than they ever forcasted. Again, if you are interested economics and are going to post in threads like this, at least do a little research.
This is rediculous. You have yet to define how obama is any better. Only that he is “different”. How has McCain proven that he doesn’t get the war on terror, foreigh policy, or the economy? You say he proves it every day so this shouldn’t be difficult. Actually, scratch that, please don’t. You have yet to show you have any capacity for reasonable thought.