FYI, India's gold futures market defaulted the other day. Odd that nobody said anything here.
Its odd that nobody has mentioned that on India's metals futures market, GOLD CONTRACTS DEFAULTED the other day as result of failure to deliver....
Germany's stock market zoomed in the early 20's. Of course in any other currency the shares and profits were worthless. After having their...
Saudi is #1, Russia #2 If Russia were to decide to join OPEC and refuse to accept US Dollars, it would be a game changer.
They need to cut sufficiently that the non-OPEC countries can't fill demand. In the long run they should let the non-OPEC countries deplete...
The new GCC Dinar that I think will be needed to buy oil post 2010. They need to still be able to sell oil, but need to make sure what they...
The real tax problem is that we are taxing the wrong thing. Whatever you tax is discouraged. We tax work. So, if rates get raised it...
The Euro is almost as weak as the US dollar. I think a gold backed Dinar will replace the dollar as world's reserve currency within 5 years,...
Jackson got us out of the debt completely. I agree its an impossible task, now because we are way beyond the point of no return. I don't...
Explain that to your great grandchildren why the US became a second world nation like Argentina or Iceland on a grand scale.
declare all otc derivatives invalid and void, make them illegal, then allow whatever can't survive to fail
It will take 100 years of recession or depression to pay off the debt these fools have run up. Jackson had guts. They endured the depression...
Maybe they'd be better off just doing healthcare and retirement programs instead of messing around with trying to build cars or trucks?
Personally, I wouldn't trust treasury bonds to be worth anything by the time I retire. By then, the dollars they are measured in won't buy...
In a deflation, those who borrowed will be unable to repay, and be bankrupted. As a result, those who had lent to them will have lost their...
World reserve currencies have changed before, and when they have, the results have been disasterous for the nation whose currency is no longer...
As soon as the mining companies start shutting mines, COMEX will default. Any mining company with Copper, Nickel, Zinc as a byproduct is...
At least Wilson went to his grave knowing what he had done, and that it was so very wrong. Maybe the next republic will make sound money, owned...
All the rest are just as bad and we don't have as far to go to get to ZERO
You are right. Gold is garbage. I'll keep mine though. Let them sell their paper gold till nobody will accept it. The EU and everyone else...
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