You could invest in our valuta 
Should be good for at least 30 years.
[quote]espenl wrote:
You could invest in our valuta Should be good for at least 30 years.[/quote]
The United States is historically the most moral and most noble country in the history of the world. It was purposefully created as a moral contract between the people and the government. Unfortunately, our unselfishness ruined all this. We mistakenly thought that it was moral to rob those better off, and give to the worse off. We empowered a government to use extortion and intimidation for alleged good.
This became a magnet to human-rats who enjoy wielding power over others. The pickpocket then loses to the mugger, and then the mugger loses to the cutthroats. The society eventually dissipates in a ruin of chaos and slaughter. Before that, weâll get a National Socialist country.
When the US dollar falls, I suspect that your valuta will be toilet paper too.
[quote]espenl wrote:
You could invest in our valuta Should be good for at least 30 years.[/quote]
What the hell is a valuta? I tried to do a google search, but only foreign languages are coming up. Will you please interpret?
[quote]Headhunter wrote:
When the US dollar falls, I suspect that your valuta will be toilet paper too.
[/quote]
Our âproblemâ is that our currency is strong despite the dollar going down the drains, and it hinders our export. Good for buying stuff from abroad, bad for selling stuff abroad.
[quote]dmaddox wrote:
What the hell is a valuta? I tried to do a google search, but only foreign languages are coming up. Will you please interpret?[/quote]
Sorry dmaddox I actually thought that was an english word as well. Here is the translation.
Norwegian: valuta
English: currency, devices, foreign currency, value
Spanish: divisa, divisas, moneda, valor, valuta
[quote]Headhunter wrote:
When the US dollar falls, I suspect that your valuta will be toilet paper too.
[/quote]
Our âproblemâ is that our currency is strong despite the dollar going down the drains, and it hinders our export. Good for buying stuff from abroad, bad for selling stuff abroad.
[quote]dmaddox wrote:
What the hell is a valuta? I tried to do a google search, but only foreign languages are coming up. Will you please interpret?[/quote]
Sorry dmaddox I actually thought that was an english word as well. Here is the translation.
Norwegian: valuta
English: currency, devices, foreign currency, value
Spanish: divisa, divisas, moneda, valor, valuta
[quote]espenl wrote:
[quote]Headhunter wrote:
When the US dollar falls, I suspect that your valuta will be toilet paper too.
[/quote]
Our âproblemâ is that our currency is strong despite the dollar going down the drains, and it hinders our export. Good for buying stuff from abroad, bad for selling stuff abroad.
[quote]dmaddox wrote:
What the hell is a valuta? I tried to do a google search, but only foreign languages are coming up. Will you please interpret?[/quote]
Sorry dmaddox I actually thought that was an english word as well. Here is the translation.
Norwegian: valuta
English: currency, devices, foreign currency, value
Spanish: divisa, divisas, moneda, valor, valuta
[/quote]
So is the Norwegian currency called the Valuta? Kind of like the US currency is the Dollar, or is the Norwegian word Valuta just the word for currency?
[quote]dmaddox wrote:
So is the Norwegian currency called the Valuta? Kind of like the US currency is the Dollar, or is the Norwegian word Valuta just the word for currency?[/quote]
Valuta is the word for currency. Norwegian currency is called Norsk Krone (Norwegian Crown), shortened NOK.
[quote]espenl wrote:
[quote]dmaddox wrote:
So is the Norwegian currency called the Valuta? Kind of like the US currency is the Dollar, or is the Norwegian word Valuta just the word for currency?[/quote]
Valuta is the word for currency. Norwegian currency is called Norsk Krone (Norwegian Crown), shortened NOK.[/quote]
Thank you sir.
[quote]dmaddox wrote:
[quote]espenl wrote:
[quote]dmaddox wrote:
So is the Norwegian currency called the Valuta? Kind of like the US currency is the Dollar, or is the Norwegian word Valuta just the word for currency?[/quote]
Valuta is the word for currency. Norwegian currency is called Norsk Krone (Norwegian Crown), shortened NOK.[/quote]
Thank you sir.[/quote]
Pleased to be of service.
[quote]0mar wrote:
I donât people understand the scope of the problem. This isnât something you fix in 4 years, 8 years or even 20 years. We are talking about a solution that transcends generations, because thatâs how overleveraged the US is.
Basically put, you canât increase benefits and decrease tax collections. It just doesnât work that way. Ever since Reagan started this whole âlower taxes, bigger governmentâ mess, weâve been mortgaging our future. Right now, the US has something like 70 trillion dollars of unfunded liabilities (eg SS, medicare, medicaid). When you consider the entire net worth of the US is about 50 trillion dollars, you have to see something has to give.
Secondly, we went from being the worldâs premier creditor nation to the worldâs #1 debtor nation. In just about every category that mattered, the US was #1 during the '50s and '60s and even in the '70s. However, this isnât the '50s anymore. The US is now right in the middle of the pack when it comes to most major indices. We used to produce close to 14 million barrels of oil a day. Thatâs an astounding number, accounting for 40% of global production back in the '60s. Even today, Saudi Arabia âonlyâ pumps 11-12 million barrels a day, although they say they have the capability to increase that to 17 if the need arises.
Now, the US produces less than 8 million barrels a day, while we consume more than 20 mbd. This is why energy independence (just one facet where America is overleveraged) is a joke. China knows this as well, after all they import a fuckton of oil as well. However, China got off itâs ass and did two things. One is that it bargained with just about every oil rich country in the world. Secondly, they are doing something ridiculous like making 500 nuke plants in 10 years, or something close to that number.
While the US is busy squabbling over whether or not Obama is a socialist (heâs not) and how best to screw over the future generations with debt, China and other creditor nations have been busy gobbling up natural resources left and right. Already, China has us by the balls. At great cost to themselves, they could cripple the USâs economy tomorrow, by flooding the market with US T-bills. We arenât talking '70s inflation, we are talking '30s level inflation in the Weimar Republic.[/quote]
You are right, Barry Soetoro (Obama) is not socialist, he is just a puppet for the establishment.
If you think the world is going to shit, do not make the ignorant mistake of buying gold or silver. Itâs no more money than uranium.
You should buy things that have an objective utility: houses, cars, foods, weapons, gasolineâŠ
What are you going to do with your coins when nobody wants to trade anything for it ?
[quote]Gadrien wrote:
If you think the world is going to shit, do not make the ignorant mistake of buying gold or silver. Itâs no more money than uranium.
You should buy things that have an objective utility: houses, cars, foods, weapons, gasolineâŠ
What are you going to do with your coins when nobody wants to trade anything for it ?[/quote]
Gold is great - bought a ton when it was a little over 300 bucks - now look at it.
T-Nation, in the future, will be written predominantly in Spanish. In the PWI forum there will be a thread, which, when translated into English reads âJose Legal Vs Joe Illegalâ.
[quote]honkie wrote:
[quote]0mar wrote:
I donât people understand the scope of the problem. This isnât something you fix in 4 years, 8 years or even 20 years. We are talking about a solution that transcends generations, because thatâs how overleveraged the US is.
Basically put, you canât increase benefits and decrease tax collections. It just doesnât work that way. Ever since Reagan started this whole âlower taxes, bigger governmentâ mess, weâve been mortgaging our future. Right now, the US has something like 70 trillion dollars of unfunded liabilities (eg SS, medicare, medicaid). When you consider the entire net worth of the US is about 50 trillion dollars, you have to see something has to give.
Secondly, we went from being the worldâs premier creditor nation to the worldâs #1 debtor nation. In just about every category that mattered, the US was #1 during the '50s and '60s and even in the '70s. However, this isnât the '50s anymore. The US is now right in the middle of the pack when it comes to most major indices. We used to produce close to 14 million barrels of oil a day. Thatâs an astounding number, accounting for 40% of global production back in the '60s. Even today, Saudi Arabia âonlyâ pumps 11-12 million barrels a day, although they say they have the capability to increase that to 17 if the need arises.
Now, the US produces less than 8 million barrels a day, while we consume more than 20 mbd. This is why energy independence (just one facet where America is overleveraged) is a joke. China knows this as well, after all they import a fuckton of oil as well. However, China got off itâs ass and did two things. One is that it bargained with just about every oil rich country in the world. Secondly, they are doing something ridiculous like making 500 nuke plants in 10 years, or something close to that number.
While the US is busy squabbling over whether or not Obama is a socialist (heâs not) and how best to screw over the future generations with debt, China and other creditor nations have been busy gobbling up natural resources left and right. Already, China has us by the balls. At great cost to themselves, they could cripple the USâs economy tomorrow, by flooding the market with US T-bills. We arenât talking '70s inflation, we are talking '30s level inflation in the Weimar Republic.[/quote]
You are right, Barry Soetoro (Obama) is not socialist, he is just a puppet for the establishment.
[/quote]
Bankers hire lawyers to run the world. Thatâs why Obama was hired.
[quote]Gadrien wrote:
If you think the world is going to shit, do not make the ignorant mistake of buying gold or silver. Itâs no more money than uranium.
You should buy things that have an objective utility: houses, cars, foods, weapons, gasolineâŠ
What are you going to do with your coins when nobody wants to trade anything for it ?[/quote]
Silver dimes and silver quarters, pre-1965, would be THE currency, if any survives.
The value of a currency, be it paper, gold, silver, or numbers on a screen, is the trust that it will be worth something when you try to use it next.
The value of a house is either the value at which youâll be able to sell it, or the benefit you can enjoy by living in it.
If there is a crisis big enough for the US dollar to lose all itâs value, then it means thereâs no more trust left to guaranty any type of currency.
Trust me, I wonât trade my food for your silver if the economy is in total ruin.
[quote]Gadrien wrote:
The value of a currency, be it paper, gold, silver, or numbers on a screen, is the trust that it will be worth something when you try to use it next.
The value of a house is either the value at which youâll be able to sell it, or the benefit you can enjoy by living in it.
If there is a crisis big enough for the US dollar to lose all itâs value, then it means thereâs no more trust left to guaranty any type of currency.
Trust me, I wonât trade my food for your silver if the economy is in total ruin.[/quote]
You most definitely will if you canât consume it all before it rots and need to buy seed and fertilizer to grow the next batch. Or are you gonna risk trying to carry barrels of food to buy anything else you need to live. Coinage replaces barter very quickly after itâs introduced to a community. If you want to live as a subsistence farmer(before your farm fails and you die) then by all means donât get silver. If you want to survive and thrive you should have silver bullion.
Why silver and not gold? Is it just because the individual units of silver are a more practical value in the event that they do end up as the currency?
[quote]Gadrien wrote:
The value of a currency, be it paper, gold, silver, or numbers on a screen, is the trust that it will be worth something when you try to use it next.
The value of a house is either the value at which youâll be able to sell it, or the benefit you can enjoy by living in it.
If there is a crisis big enough for the US dollar to lose all itâs value, then it means thereâs no more trust left to guaranty any type of currency.
Trust me, I wonât trade my food for your silver if the economy is in total ruin.[/quote]
ThisâŠ
Very true.
My family is hungry and you offer me a chicken or an ounce of goldâŠwell I will take the chicken.
[quote]JEATON wrote:
[quote]Gadrien wrote:
The value of a currency, be it paper, gold, silver, or numbers on a screen, is the trust that it will be worth something when you try to use it next.
The value of a house is either the value at which youâll be able to sell it, or the benefit you can enjoy by living in it.
If there is a crisis big enough for the US dollar to lose all itâs value, then it means thereâs no more trust left to guaranty any type of currency.
Trust me, I wonât trade my food for your silver if the economy is in total ruin.[/quote]
ThisâŠ
Very true.
My family is hungry and you offer me a chicken or an ounce of goldâŠwell I will take the chicken. [/quote]
So people are going to carry around chicken? If that is your logic if you are hungry now why do you accept paper for your work and not chicken?