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  • What Is Going On With Gold? [View article]
    70 trillion GDP with a 35 trillion dollar debt. GDP is twice the debt. We just went from a debt that was 3 times GDP to debt that was 1?2 of GDP. :)
    Jan 08 22:59 pm |Rating: 0 0 |Link to Comment
  • What Is Going On With Gold? [View article]
    Alf Field. It's funny but it all fits, the inflation/deflation, 7 trillion more dollars printed, price of gold manipulated... It's a perfect picture of what they are trying to do. If you look at what is happening let's say they print 7 trillion more dollars. the real US debts and IOU's is more like 50 trillion dollars. The way banks lend is a based on 10% of assets, the other 90% they can take in IOU's. 7 Trillion X10 equals 70 trillion dollar GDP. Let's say banks take a loss of 15 trillion. That leaves them with 35 trillion dollars in GDP. For this to happen the dollar has to devalue by 5 times or 80%. It is not you will have more money, everything will cost more i.e. inflation. The prognosis is the dow to hit 2000. Multiply by 5 and we get back to dow 10000 in a flash. Look at where the banks will be, sitting flush with cash, trash cash but it's what we eat with. Gas is over 10 dollars a gallon in Europe. What makes you think it won't happen here. Gold will inflate like everything else but the real winners in the long run will be the banks.
    Think about it. We had a 6 trillion dollar deficit. It's supposed to go to 13.
    13 -6 =7!!!!! Now why manipulate price of gold. Logical, they let gold loose the cat's outta the bag. People be running to gold, not dollars. US wants all it's dollars back before implementing.
    If this is true WOW!!!!
    Jan 08 22:56 pm |Rating: +2 0 |Link to Comment
  • Main U.S. Creditors Rub Shoulders [View article]
    Wait until the middle east starts talking about changing the oil currency from dollars to yen. jejeje.


    On Dec 15 05:21 PM jepittman wrote:

    > I fail to see the downside to three economic leaders, meeting to
    > discuss mutual economic issues that impact their as well as the global
    > economy. Your use of 'nosedive into a depression' is a little over
    > the top. We are and have been in a recession. Their 'massive holdings
    > of US debt' has, incidently, been quite profitable for them. I hardly
    > think they are quaking in fear. They have options and they will discuss
    > them. I see absolutely nothing ominous about any of this.
    Dec 15 20:02 pm |Rating: 0 0 |Link to Comment
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