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alstry (35.03)

Is Bernanke Losing Control.....

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November 08, 2010 – Comments (7)

Homebuilders are selling debt instead of homes......

Gold hits record high, tops $1,400 per ounce...

Oil price hits two-year high...

Food prices skyrocketing.......wages crashing as more and more are focusing spending on food and fuel.....and very few Americans and American businesses benefit rising food, fuel and input costs.

This is Zombulation my friends.....this is Benny B's policy.

7 Comments – Post Your Own

#1) On November 08, 2010 at 4:57 PM, mikejason (< 20) wrote:

Gold

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#2) On November 08, 2010 at 5:11 PM, alstry (35.03) wrote:

Mike....

Borrowing is printing and.....

The only people really borrowing right now is Government and Wall Street.......

So what we have is a private sector depression and a public sector bubble/inflation.....

Since most of our economy is in the private sector.....my guess is social unrest will break out soon if this continues much longer.

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#3) On November 08, 2010 at 5:18 PM, JerseyShoreGirl (< 20) wrote:

Alstry .. Read this blog (and the links referenced to further explain the concept).  It talks about a solution called FreeGold and it seems like a form of restructuring the debt ... what do you think of this?  does it seem plausible?

http://fofoa.blogspot.com/2008/10/freegold-is-not-solution-it-is-only.html

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#4) On November 08, 2010 at 5:25 PM, alstry (35.03) wrote:

It is an interesting thought, but I doubt it will fly.....

Gold served a purpose for thousands of years.....just like the horse and the sword.......but we are evolving as a society and running up against peak consumption....

We are going to dramatically change the way we live over the next few years to allow the world to grow sustainably......

If have a surprise coming in the next few days to track these trends.....but until then, my thought is....

The next gold will be Digital Gold..........

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#5) On November 08, 2010 at 5:31 PM, Varchild2008 (84.64) wrote:

I'll bring up my Currency idea again...

Back up our Currency with Natural Gas!!

We are the Saudi Arabia of Nat. Gas and this would strengthen our U.S. Dollar by a huge amount.

We have a Strategic Oil Reserves, which correct me if I am wrong, also includes Natural Gas....  That's what our money could be backed up with.

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#6) On November 08, 2010 at 5:49 PM, alstry (35.03) wrote:

That would be fine....if there was world demand for our natural gas.....

Is there a natural gas pipeline going across the ocean?

Money is only worth what goods or production money can be exchanged into.....

FWIW....right now our currency is backed by oil....as we and Europe control most of the world's oil production.

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#7) On November 08, 2010 at 7:32 PM, JerseyShoreGirl (< 20) wrote:

Entertaining read ...

http://www.godlikeproductions.com/forum1/message1248200/pg1

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