US Treasuries and all paper money
By Daniel at 4 July, 2009, 3:10 am
Worthless pieces of paper backed BY NOTHING - ooops, except MEGATRILLIONS OF DEBT (which will be paid back by issuing MORE pieces of forementioned worthless pieces of paper. Oh yeah, its all backed by the FULL FAITH and CREDIT of our idiotic and incompetent bankrupt (morally and financially) government.
Nevermind the fact that the govt could tax all businesses and individuals over 100% for the rest of our lives and would still be unable to pay this debt bubble back…
GOLD AND SILVER - THE ***REAL MONEY***
Stupid little pieces of paper and electronic computer blips of “money” - DOG CRAP
The stupid experiment of fiat money (since 1971) has COMPLETELY UTTERLY FAILED. Technology has benefited us with little gadgets and nicer TVs and such trivialities, but the US is now a WEAKER country for it. People have to work TWICE AS HARD to maintain a standard of living (or wife has to abandon kids and take stupid job). We are now BESET WITH ENDLESS DEBT AND INFLATION as a result of trusting SCUMBAG BANKERS (and the politicians they OWN)…
God help us all - correction, God help YOU ALL - I AM FINE AND *PROTECTED*.
Anyone who has the means to buy a few thousand ozs of silver and some gold should consider doing so - I believe buying around this price level is an excellent NO-BRAINER LONG TERM PLAY. I do not rule out the possibility of another deleveraging wipeout that could temporarily knock prices down to bargain basement levels (that would be the LAST and BEST buying opportunity in my lifetime jmho). In any case, I GOT MINE - and steadily accumulating (turning paper earnings and dividends into THE REAL MONEY.)
The govt will need to cut down millions of acres of forest to deal with the QUADRILLION dollar DERIVATIVE MOUNTAIN - which will result in a landslide (and JPM is a prime root cause - and key fascist govt agent). And that’s only 1 reason precious metals will ROCK AND ROLL in the next decade! There are dozens if not hundreds of reasons more! And the opposite for the US dollar and all the other worthless pieces of paper from other worthless POS govts around the world!
GOLD AND SILVER ARE SOVEREIGN WEALTH! As long as there are humans and govts (corrupt, selfish, and idiotic by human nature) THEY WILL REMAIN SOVEREIGN WEALTH FOR ETERNITY!
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