Why Its Pointless To Argue With Global Warming Believers 2098
ZnU It doesn't vanish. It is just your delusional thinking that gold has no value. All down thru history people have stayed with gold as a last ditch against...
ZnU
It does now. But then the USD floats so badly that it is hard to pin down exactly where its true value lays. Matter of fact, the paper money is just paper with no value at all... yet around the world people will buy gold as a hedge against inflation. This proves that the USD is worthless if you put it in a bank, CD, etc. When inflation starts on the move again, which it has already, your savings will also start losing its purchasing power.
All too often, people plan for their retirement on the current value of the USD. Later, they find out that they don't have enough to last them. Why? Because the USD has lost value and it takes more dollars to buy the same things.
All that gobblety gook won't do you any good. When China decides to turn in all the Debt Consolidation it bought from the US, we're screwed big time. Do you realize just how bad it really is? Apparently not. When you apply and get your home loan, who do you suppose holds the mortgage? That lending insbreastution has sold your mortgage to someone else... and that someone else happens to be mainly China.
Why shouldn't it? Once again, the gold standard is actually *more* contrived than the current situation. Here's an...
-- Where are we going? And why am I in this handbasket?
Why Its Pointless To Argue With Global Warming Believers 2099
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Why Its Pointless To Argue With Global Warming Believers 2097