Fuck all of you who didn't listen to Trey. I told you asses some shit was about to go down BEFORE the fucking crash and the bailout. I told your asses to buy gold. Get rid of your savings and buy Gold. Everything is down a ridiculous amount of points right now. But something ( besides Campbell's soup ) is souring higher than ever. And what is it? Gold mother fuckers. And I cant fucking buy it over here in Japan. So fuck all of you who could have, but didn't.
what's happening with the world ecomony today?
what-evuh i do what i want
Quote from: bored on Oct 09, 2008, 02:49 PM
what's happening with the world ecomony today?
all of the central banks of the world have cut interest rates by half a %. This is a horrible idea. This is actually one of the main reasons we are in this mess right now. In...I believe it was 2003...the Federal Reserve ( the central bank of America ) lowered interest rates like crazy. This makes people think they are wealthier than they are. This makes people buy more. This makes housing prices skyrocket. Making people think that they have more money in assets than they do. But inevitably the rates go back up. So when people go to get a home loan, they can't afford these sky high prices. And no one can buy, because no one will let go of this fake new wealth they have. They wont lower the price. They can't, they are too far in debt in the new car or whatever that they bought with they money they though they had.
Cutting interest rates is one of the major reasons we are in this mess. Yet they are doing it again. Collectively , world wide. Why? They are not stupid, they know this WAY better than me. So why do they do it? DEBT DEBT DEBT DEBT DEBT. They own your ass. And when governments buy these private companies, that owe the central banks. They now own the government. So they are going to keep driving up the debt and driving up the debt. Keep cutting interest rates so that people, and their governments, become more and more into debt to them. It's a power move, for control. But hey, at least Obama and McCain were way too stupid to realize this, and they voted for the bail out. CHANGE! or not.
that is whats going on today my friend.
hm, I did not know that in detail,
now I know that same things are happening in Lithuania too.. talk about the skyrocketing prices of housing. Insane. and yes, at last, the world is failing and coming to a different way of things.
Not at last man. This is a move. The World Bank is making its move. It is fucking scary how content people are with this. A lot more poverty and oppression are about to come your way man. This is not a good thing at all.
I have a lot of gold jewelry!
All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.'
-John Adams
Quote from: devilinside on Oct 09, 2008, 03:11 PM
I have a lot of gold jewelry!
you can actually sell it for a shit ton of money right now. They had a news report on it tonight. I think it was nightline
Sell it to who?
Banking establishments are more dangerous than standing armies.
Thomas Jefferson
Quote from: devilinside on Oct 09, 2008, 03:13 PM
Sell it to who?
peoples who buy gold. They are having gold parties. Like sex parties and tupperware parties. But instead you bring your gold and sell it.
OMG! A Gold/Sex/Tupperware party! It's AWN!
Quote from: Variable on Oct 09, 2008, 03:09 PM
Not at last man. This is a move. The World Bank is making its move. It is fucking scary how content people are with this. A lot more poverty and oppression are about to come your way man. This is not a good thing at all.
I'll be fast enough to escape that, trust me.
I'm done living in the post-soviet block country Lithuania. I really dislike it here.
sorry, this is a much better quote from Jefferson. I just couldn't find it before. BTW Obama and McCain both support central banks. I guess they think they are smarter than Adams and Jefferson
believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)
3rd president of US (1743 - 1826)
Quote from: bored on Oct 09, 2008, 03:17 PM
Quote from: Variable on Oct 09, 2008, 03:09 PM
Not at last man. This is a move. The World Bank is making its move. It is fucking scary how content people are with this. A lot more poverty and oppression are about to come your way man. This is not a good thing at all.
I'll be fast enough to escape that, trust me.
I'm done living in the post-soviet block country Lithuania. I really dislike it here.
Ireland is in it too man. I said the world bank.
Quote from: Variable on Oct 09, 2008, 03:21 PM
Quote from: bored on Oct 09, 2008, 03:17 PM
Quote from: Variable on Oct 09, 2008, 03:09 PM
Not at last man. This is a move. The World Bank is making its move. It is fucking scary how content people are with this. A lot more poverty and oppression are about to come your way man. This is not a good thing at all.
I'll be fast enough to escape that, trust me.
I'm done living in the post-soviet block country Lithuania. I really dislike it here.
Ireland is in it too man. I said the world bank.
I know, I mean, duh, I know.
It's just that the effects of this thing will be much more destructive in Lithuania than in Ireland. Absolutely.
The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.
Andrew Jackson
and he did get rid of the central bank. Then in 1913 we established another like it
I have bought some gold for few months already... ;)
you ass hole. Good for you though.
Take a look people, look at what the smart business man did.
Wouldn't it make things worse for the economy if everyone took thier money from banks and put it into gold?
Isn't that one of the main problems to begin with? People are taking thier money out from the banks and now the banks want thier money from housing?
Quote from: Variable on Oct 09, 2008, 03:25 PM
and he did get rid of the central bank. Then in 1913 we established another like it
ha i learned about that in Zeitgeist. you think a world government is in our future too?
Quote from: Corleone on Oct 09, 2008, 03:33 PM
Wouldn't it make things worse for the economy if everyone took thier money from banks and put it into gold?
Isn't that one of the main problems to begin with? People are taking thier money out from the banks and now the banks want thier money from housing?
Thats what the banks want you to think. People obviously still have to spend. But gold would be a safe place to put your savings. Its stable. But banks thrive off you depositing money , so that they can create more debt. If you get rid of all that debt, it cripples them. This is a good thing.
Quote from: bright lights, big city on Oct 09, 2008, 03:36 PM
Quote from: Variable on Oct 09, 2008, 03:25 PM
and he did get rid of the central bank. Then in 1913 we established another like it
ha i learned about that in Zeitgeist. you think a world government is in our future too?
yeah, I liked that they brought it up in that movie.
Oh, I just noticed your question. I don't know about a world government. But for sure a lot of very powerful people trying to control things over international borders.
Quote from: Variable on Oct 09, 2008, 03:33 PM
you ass hole. Good for you though.
Take a look people, look at what the smart business man did.
I bought some stocks too though... Tried to hold a diversified portfolio ya know....
Quote from: Corleone on Oct 09, 2008, 03:33 PM
Wouldn't it make things worse for the economy if everyone took thier money from banks and put it into gold?
Not really, in the end Gold is a speculative asset. So completely equivalent to money in the end.
When everything goes bad, people tend to buy some though, so price never really crashes...
That plus, oppositely to money which is plain paper with a face value, gold resources are limited, so you can't really "create new gold" as tey do when they print new money (debt as Variable is saying it)...
Quote from: Variable on Oct 09, 2008, 03:38 PM
Thats what the banks want you to think. People obviously still have to spend. But gold would be a safe place to put your savings. Its stable. But banks thrive off you depositing money , so that they can create more debt. If you get rid of all that debt, it cripples them. This is a good thing.
As said above, gold is not really stable.
Here is it's price during the last 10 years :
(http://www.kitco.com/LFgif/au3650nyb.gif)
Not really stable as you can see. But in the long term, it (supposedly) cannot lose value for the reasons exposed above.
And no banks want you to deposit money to "create more debt". That basically makes no sense anyway.
They need your money to do their job. As a carpenter would need wood on a daily basis, they need money on a daily basis.
Then, they can buy some assets, sell some others, lend money to people / corporations needing it, etc. Basically money is their fuel, and the biggest problem these days is that there isn't any money left liquid on the market, so banks cannot really work anymore, finance others etc.
That's when the crisis spread to the "real" world because companies cannot borrow money for their running costs.
Stupid example : they buy iron to build a car. They need to buy it in January, but they will only be able to sell it on June. They need to have money to buy the goods first, then they will be able to give it back after they sold their car.
This is where we are arriving today... Fucked up...
Man the fed sure knows how to fuck shit up.
buy and hold people. now is a great time to invest in the stock market as well. as with any asset, if you look to make a quick profit you will lose. but if youre young (i dont belive any member is over 35 here) and buy and hold, you'll come out ahead
Quote from: Variable on Oct 09, 2008, 03:38 PM
But for sure a lot of very powerful people trying to control things over international borders.
yeah, I hate those fuckers
I'm far away form america
so.......
At least i gotta lotta sheep
Quote from: Muzic Junkie on Oct 10, 2008, 03:24 AM
I'm far away form america
so.......
At least i gotta lotta sheep
Its a global crash in the markets. And as I said, all the central banks of the world collaborated in the interest drop.
Quote from: tarkil on Oct 09, 2008, 03:51 PM
Quote from: Variable on Oct 09, 2008, 03:33 PM
you ass hole. Good for you though.
Take a look people, look at what the smart business man did.
I bought some stocks too though... Tried to hold a diversified portfolio ya know....
Quote from: Corleone on Oct 09, 2008, 03:33 PM
Wouldn't it make things worse for the economy if everyone took thier money from banks and put it into gold?
Not really, in the end Gold is a speculative asset. So completely equivalent to money in the end.
When everything goes bad, people tend to buy some though, so price never really crashes...
That plus, oppositely to money which is plain paper with a face value, gold resources are limited, so you can't really "create new gold" as tey do when they print new money (debt as Variable is saying it)...
Quote from: Variable on Oct 09, 2008, 03:38 PM
Thats what the banks want you to think. People obviously still have to spend. But gold would be a safe place to put your savings. Its stable. But banks thrive off you depositing money , so that they can create more debt. If you get rid of all that debt, it cripples them. This is a good thing.
As said above, gold is not really stable.
Here is it's price during the last 10 years :
(http://www.kitco.com/LFgif/au3650nyb.gif)
Not really stable as you can see. But in the long term, it (supposedly) cannot lose value for the reasons exposed above.
And no banks want you to deposit money to "create more debt". That basically makes no sense anyway.
They need your money to do their job. As a carpenter would need wood on a daily basis, they need money on a daily basis.
Then, they can buy some assets, sell some others, lend money to people / corporations needing it, etc. Basically money is their fuel, and the biggest problem these days is that there isn't any money left liquid on the market, so banks cannot really work anymore, finance others etc.
That's when the crisis spread to the "real" world because companies cannot borrow money for their running costs.
Stupid example : they buy iron to build a car. They need to buy it in January, but they will only be able to sell it on June. They need to have money to buy the goods first, then they will be able to give it back after they sold their car.
This is where we are arriving today... Fucked up...
well of course the price of gold will fluctuate and go up with inflation. The big draw to gold is that you pretty much never lose the buying power over the years. So if a hand made wool rug from the 6th century cost 1 ounce of gold. In the 21st century, a hand made wool rug will still cost, 1 ounce of gold. Putting a dollar value to that kind of distracts from the principal. Gold does not inflate. Because as you said, you cant just produce it from thin air. It has historically maintained its value since ancient Egypt.
and as far as debt. Yes, the banks do create debt though your deposits. When you deposit money, you give them permission to loan out that money. But you are still able to withdraw on your deposit. So they loan out all of your money to other people, plus all of your money to you. That is because they are charging you more interest to those who loaned your money, than they are paying you. And if you loan from them, they are charging you more interest than they are paying you to have the money in the bank. That is how they make their money, though debt. They make money from nothing in order to charge you interest on your debt. But it is illegal for them to do so, unless you deposit your already non existent money into their bank. So you have to deposit in order for them to create debt.
I mean, I have only recently took an interest into economics and banking. I am not an expert by any means. If you know something I don't, by all means, please explain. But this is the way I understand the system.
Quote from: goldpony on Oct 09, 2008, 08:09 PM
buy and hold people. now is a great time to invest in the stock market as well. as with any asset, if you look to make a quick profit you will lose. but if youre young (i dont belive any member is over 35 here) and buy and hold, you'll come out ahead
Yes, as long as our current fucked up system stays in place. This is a great time to buy stocks that are normally very expensive. Then just forget about them. Let them regain their value over the next decade. It's a very good time to do something like that. It's all about patience for us youngsters.
Quote from: Variable on Oct 10, 2008, 03:53 AM
and as far as debt. Yes, the banks do create debt though your deposits. When you deposit money, you give them permission to loan out that money. But you are still able to withdraw on your deposit. So they loan out all of your money to other people, plus all of your money to you. That is because they are charging you more interest to those who loaned your money, than they are paying you. And if you loan from them, they are charging you more interest than they are paying you to have the money in the bank. That is how they make their money, though debt. They make money from nothing in order to charge you interest on your debt. But it is illegal for them to do so, unless you deposit your already non existent money into their bank. So you have to deposit in order for them to create debt.
I mean, I have only recently took an interest into economics and banking. I am not an expert by any means. If you know something I don't, by all means, please explain. But this is the way I understand the system.
I'm busy right now (markets are crashing like mad again in Asia...) but I'll explain you over the week end...
Well, that is if I remember to do so... :)
you better fucking remember
This Bailout/Rescue whatever the fuck it is sux!!!!!!!!!!!!
Did anyone else see where only 6 days (that's right fucking 6 days) after their super duper billion dollar bailout AIG fuckers went to a luxurious retreat (supposedly to "motivate" their high sellers) and spent thousands of company (yours and mine) dollars!!!!!!!!!!!!!! I want my fucking 300 dollar massage too fucking cunts!!!!
Fuck!!!!!!!!!!!!!!!!!!!!! >:(
Yeah it's bull shit. I almost think they just sent some disposable people out on that retreat to test the waters and see exactly how much they will be regulated. These guys are not stupid. I guess they could just be that arrogant though.
Arrogant is correct.
Even the fucking mob waits awhile before they spend the spoils.
Well I mean, the bailout was a horrible idea anyways. It was only passed because the politicians need to scrath the backs of the Fed or else they are done.
[youtube=425,350]xIsHD7nwTbU[/youtube]
Good advice from Jim Rogers
The leaders of ......all things ...all the same
Greedy
Selfish
They never really care about people just themselves....And if they wern't that when they were made "leaders" then the're basically destined to be it....Because theyd rather have they're million dollar cake then give .....to anything
Damn Leaders!
Damn Selfish people!
Damn Greedy buggers!
DAMN THEM ALL!!
I don't know about all that
lol pratically every human in the world is selfish
so i t has to be true, its the social norm to be selfish
Theres just diffrent extremes of selfishness
IN reality all anyone cares about is themselves, its how we're programmed. ( mistake i shouldve just said people)
A person can say they'd rather live a year eating shit to save africa ( Weird example) But alot of people wouldn't do it in action. its just all words
And politicions are the same actually its there job. We live off the words they say, somtimes its just lies that'll never happen ( Eg political campaigns..not everything but some things)
We hope and live off the belief that they'll "save " us But is anyone really doing anythign? i mean half of america's just hoping right?
Hoping that they'll be a good plan, that people will be smart...Wooow kinda strayed form the topic
Alot of people would rather have there needs satisfied then other people...
As for the gold. it is good to buy up now ( obviosuly) But what if tommrrow it takes a slide and is virtually worth nothing...Bit then everythings a risk..But what good would gold do? if money was worth nothing...Trading in gold? lol
I think ive finished my little rant :)
That is because no one understand what a Republic is anymore ( google it people ). We have been convinced that the only way to live is to let Big Daddy government fix all of our problems. Even though this is exactly what the founding fathers of America did not want.
As far as gold losing its value? Not likely to happen any time soon. Gold has not lost its value since ancient Egypt. If it was suddenly worthless tomorrow, it would extraordinary. The first time such an event happened in millenniums. I think it is much more logical to bet your financial stability on something with a track record like that, than the stock market.
I do realize that Aluminum used to be considered a precious metal. One of the most expensive metals in the world ( that is why the top of the Washington monument is made of aluminum) But it also just happened to be one of the most plentiful resources in the world. We just didn't know how to extract it. Once that technology was developed, the value of aluminum vanished over night. But to my knowledge, there is no such dilemma with gold, silver, and platinum. They are considered rare and precious metals. Silver obviously being the most plentiful, and unstable of the 3. But gold has kept its value through the centuries, and I haven't seen any reason to think it would not continue to do so. 1 ounce of gold is worth the same in America as it is in Europe as in China as in Japan ect ect. You obviously get a different amount of monetary value for it. But what that monetary value will buy, is the same. So if the dollar over inflates and collapses. If you have gold bullion coins, you will still hold wealth. If all of your money is invested into the dollar, you're fucked. Get it?
But no, gold is not good to buy right now it is way too expensive right now. You are not likely to make a profit from it right now. It was good to buy when I first started telling people to do it though. Even though most everything is plunging to the very bottom. Gold is worth more than ever before ( because of its stability). You would be rolling if you just bought some gold before this crisis hit.
I also find it funny that you laugh at the though of trading in gold. Even though that is how it was done for so many millenniums before us. Even though that is specifically what the Constitution of the United States of America says we are supposed to do. The constitution specifically states that paper money is illegal, and that our only currency should be coined gold and silver. Strange that you would laugh at such a thing.
I just thought.....If every other countries using money/notes then they like move to another country and give soemoen a bar of gold.." 4 onions please" .. it just sounds funny
And yes i know you could just sell it in other countries. and what i meant with the value thing was that it could just drop over night i mean maybe not to the extent of worthless...But way less then it is now. it does happen.. Its not that i don't agree its a good idea to buy gold before it went big. I'm just saying that it has risks, and it could drop just like everything else.
But, yes i haven't actually looked atthe stats of gold in depth. What are you suppoesed to do with it? store it in the banks? Make the banks fall beacuse they'res no money? Isn't everyone going to ( well sell shares) what caused the wall street crash and then lead to "the great depression"
But actually gold is probably a better form of currency far more stable then thenote itself...But how can a country just change?
Turn to gold. oh......Idk.
http://video.google.com/videosearch?hl=en&q=fiat%20empire&um=1&ie=UTF-8&sa=N&tab=wv# (http://video.google.com/videosearch?hl=en&q=fiat%20empire&um=1&ie=UTF-8&sa=N&tab=wv#)
This video "fiat empire" answers all the questions you are asking, and more, way better than I ever could. I think that is the full Internet version.
But Gold doesn't drop in value. That is my point. The dollar amount that you pay increases because of inflation But gold is very stable. Very very stable. It might fall 10 - 15 dollars an ounce every now and then. But it has never, ever crashed. It doesn't happen. That is the point.
and you wouldn't bring a bank down by buying gold. Seeing as how they make their money from thin air. The dollar is not backed by gold. And you can keep your gold anywhere you want. In a safety deposit box, in a coffee can buried in you back yard. Whatever you want.
So let's see here, gold was around $800 an ounce when trey started this. It closed at $1389 today.
Which makes this quote relevant once again.
Quote from: Variable on Oct 09, 2008, 02:46 PM
Fuck all of you who didn't listen to Trey. I told you asses some shit was about to go down BEFORE the fucking crash and the bailout. I told your asses to buy gold. Get rid of your savings and buy Gold. Everything is down a ridiculous amount of points right now. But something ( besides Campbell's soup ) is souring higher than ever. And what is it? Gold mother fuckers. And I cant fucking buy it over here in Japan. So fuck all of you who could have, but didn't.
Topping 1700 today?
Did already, no ?
oh shit, must mean the economy is going further into the toilet.
The economy will go nowhere but the toilet. We just signed that into law with the debt ceiling deal. We're in for a wild ride, America. Don't say I didn't warn you.
And yeah tarkil, i think it hit somewhere around 1730, but it's down around 1715 now. Short term target is 5oz/1 unit of the Dow.
I'm so mad for not buying gold when I made this topic. I had the cash too. But I was just un-sure about how to go about it while I was living in Okinawa. It's so damn obvious now, grrrrrrrrrr
Well, gold is not an easily storable material anyway... You can't just store bullions under your mattress you know...
And I don't know to which extent you can "trust" website like goldbullionvault.com.
I mean I'm sure they're legit businesses, but the day the shit really hits the fan (like when everyone's bankrupt, and no money's left that's worth anything), that's when you want to take back your "worth". But at that time, how do you get your gold back ?
I guess it doesn't matter anyway, that's probably the time when you should learn how to grow food and raise cattle... :)
I'll invest in guns before gold. Unless I can get a golden gun. FUCK YES. Two of them.
Yeah buddy! With two, you'll be even better than Scaramanga.
(http://serendipity3864.files.wordpress.com/2011/03/the-man-1.jpg)
Everyone will respect me.
get gold mining stocks. they took a hit with the market as well, but that just positioned the buyers for greater gains in the future. \m/
Gold mining stocks are quite close to the real deal, but they're still very gay compared to physical Gold.
I used to invest in them until I could get access to Gold and other precious metals, and I always was kinda disappointed with them...
I guess it depends what you want to do with them, but I always found them to be too subject on equity markets, (and consequently to governments, policies, macro economic bullshit, and not enough on real physical gold trends).
I had almost all of my money in the high risk stuff (even though I REALLY did know better) and these past few days hit me hard. Not cool.
Oh well, that will teach you how to balance your portfolio next time... ;)
Well "they" all told me to go high-risk while I'm young. That I can afford to bounce back. I knew better, but I trusted the wizards anyways. That's been the same old stupid story for the past 3 years now. Fucking ass holes. It doesn't matter though, I wont need an IRA when I'm president of the world.
Ha ha...
And yes, my wizards tried to tell me the same, but I didn't really trust them, then found new (better) wizards.
I still got my fair share of fisting by the first batch of them who sold me a retirement plan with only "marginal fees", that is actually fucking expensive...
Cocksuckers !
Of course, I should have known better, but I will count on you to whip their ass when you're president of the world then... :)
You will be the team leader of the ass-kicking-team, when I'm world president. We will rape the fuckers, their wives, and their children!
Sure, I'll rape the wives, you'll rape the fuckers, k ? ;)
As for children, I'm sure Bebo would be in !
Can I have the animals?
I can't see no reason why not my friend... So you want in too in that little world domination club of ours then ? :)
World domination centered around rape? I'm in.
Seems very Scandinavian. I like it.