It was funny when I read about William Jennings Bryan's cross of gold speech, such a big deal then, now it sounds like what the bum on the corner will tell you.
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i'm unamused when i read or hear of the dollar's value receding.
most currency is based on the u.s. dollar. maybe all now. this brings me to the u.s. deficit and the debt. some want to make it as if the u.s. economy will crumble if we don't balance them. others claim that if china wants what we owe we will be in dire straits.
scare mongering may make waves with some...
May 22, 2016
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#224
If you owe someone $1,000, they own you. If you owe someone $1,000,000,000,000, you own them.
May 22, 2016
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#225
It's always stupid people who call talk programs and complain about how the government should be run like a household or small business and bewail the debt. It's a totally inapt metaphor and only reveals how dumb the person complaining is.
Debt can be spent on good things or stupid things. Fixing highways = good; subsidizing tax cuts = stupid.
Some people are not stupid nor bad, they just can't be of any help.
Jun 14, 2016
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#232
DrSpudnik wrote:
If you owe someone $1,000, they own you. If you owe someone $1,000,000,000,000, you own them.
--- Btw can you tell me who might loan me a Billion or two, Buffett & Gates won't answer my letters lol.
Jun 16, 2016
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#233
Your best bet is probably a stocking mask and a pistol. Otherwise, don't quit the day job.
Jun 16, 2016
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#236
DrSpudnik wrote:
Your best bet is probably a stocking mask and a pistol. Otherwise, don't quit the day job.
--- Thanks for the advice DrSudnik, mind you I've been retired for a while so I don't do much anymore lol.
Jun 16, 2016
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#237
Then you shouldn't worry about money. Look at me, I'm working on my second million! I gave up on the first one thirty years ago.
The rat is back!
Buying gold is speculating in commodity futures, basically. You are waiting for the price to go up from what you paid in order to sell and make a killing. If you don't have some special knowledge of things that are going to make gold (or any other commodity) go up, you're just gambling.
There are more fun ways to do that.
--- Thanks for the info DrSpudnik.
i have a different point of view. gold hasn't been the standard for what is percieved to be money in some time, and i don't think it will ever be again as it was.
money has been, and is, an agreement between people. nowadays, no actual money (gold, silver, etc.) is actual.
money is a number, and traded online. there is no gold or cash involved.