The case against Dr. Paul

[dash]

Alternatively, it could mean that gold is way overvalued.

Good point! But the truth is the same forces are pushing both up. There are just more factors pushing silver up. Gold will rise, but silver will rise even more. At least 3x faster. People won't sell gold to buy silver, they'll sell google to buy silver.

-Dave

 

[David Wong]

As far as a gold backed currency, we're speaking of "New Dollars", not existing dollars. The current dollars will devalue to nothing. "New Dollars" are whatever currency rises to replace it.

Certainly can't see anything wrong with that plan!

 

[dash]

Certainly can't see anything wrong with that plan!

To respond to the point I think you're trying to make, the dollar is being devalued to nothing even as we speak. Unless the fed + government change their course, the result is a dollar worth nothing at all, or essentially nothing.

It happens all the time. Happened in Mexico. There were pesos, then nuevos pesos (new pesos). Now it appears to be USA's turn.

Anyway if dollars become worthless, not because the fed intended it, but because the free market imposed it, what currency will we use in the USA? Euros? Silver? Gold?

It's up for grabs. I think a PM backed currency might be worth another try. Unfortunately the USA has kind of sold off a lot of our gold.

Big things are afoot. There's no reason to be certain the USA will emerge on top in the future. Could be China with a silver backed currency. We'll see...

-Dave

 

[WildCat]

Could be China with a silver backed currency.

China does not have a silver-backed currency.

 

[David Wong]

Actually, Dash, I just posted that to see if you'd respond... and thus prove that I'm not really on your ignore list as you claimed earlier.

Ha!

 

[dash]

China does not have a silver-backed currency.

Ugh...yes, that's certainly true. We're speaking of future events. What might come to pass. If you can guess what the future holds, you can make a lot of money.

China has a lot of silver.

Step #1 -- dollar collapses. It's ongoing. Fed doesn't care. American public is asleep. It's happening.

Step #2 -- dollar goes to essentially zero value.

Step #3 -- World demands some solid replacement for the dollar. Burned by fiat currencies, they don't simply want yet another one, so

Step #4 -- China comes to the rescue, perhaps with their own Yuan, only you can redeem it for silver at some fixed rate. World says, "Hooray!" and starts hoarding yuan and silver. China is instantly the wealthiest nation on earth.

It this likely? I don't know. All I'm sure of is the dollar is going down, down, down, and silver is going up, up, up. Both are happening right now, and have been happening for years now. The trend is accelerating.

-Dave

 

[dash]

Actually, Dash, I just posted that to see if you'd respond... and thus prove that I'm not really on your ignore list as you claimed earlier.

Ha!

Yes you are. I just click on the link to show posts.

Think of it like this. You're eating a nice meal, and you don't want to be shown a picture of a pile of vomit. You kind of want to choose when you have to look at such things.

Having people on my ignore list is just sort of a buffer, I don't get slapped in the face so often with stuff that offends my sensibilities. I can sort of choose the time, after I've fortified myself. "Ok, let's see what we've got to deal with..."

If you could get past the mistaken conclusion that I'm just another woo spouter you could actually learn some stuff of real, practical value. What I'm writing about is real, it's ongoing, and it's getting worse.

Look at it this way -- suppose you have no respect for me whatsoever as the messenger. But suppose I happen to be correct in what I'm saying? Is it rational to automatically reject everything I say? Suppose it's some insidious trick -- I come across as a lunatic, but I spout the truth, just so people will not believe the truth. Do you see?

Forget the messenger. Study the message. Decide whether to believe it or not on its own merits. If you can do that, you'll make out ok.

-Dave

 

[rtalman]

Ugh...yes, that's certainly true. We're speaking of future events. What might come to pass. If you can guess what the future holds, you can make a lot of money.

Indeed. http://www.randi.org/joom/content/view/38/31/

So Dash, when should we expect to see your application?

 

[dash]

Indeed. http://www.randi.org/joom/content/view/38/31/

So Dash, when should we expect to see your application?

Eh, what?

I can't demonstrate any paranormal stuff. Nor have I ever experienced any.

That's why I say "guess" as regards what the future might hold.

Anyway I'm impressed, several messages have been posted and I'm not feeling a sense of disgust. It's like everyone is on their best behavior. Thanks!

Here is a link I came across, click on the 4th video. It says, "2008 Predictions: Mike..." It talks about money and economic collapses. Very good introduction into what I'm talking about, only 26 minutes...

http://www.richdad.com/RichDad/RichContent.aspx?cpid=62

-Dave

 

[rtalman]

I can't demonstrate any paranormal stuff. Nor have I ever experienced any.

Predicting the future qualifies as paranormal.

That's why I say "guess" as regards what the future might hold.

BZZZZZT!
No mention at all of "guess" or "might" in these predictions:

Within the past several months I've come to the conclusion the US economy is in the toilet, it's collapsing even as we speak. We're in the middle of a recession which will become a prolonged depression.

[FONT=&quot]Spreading the information about the impending collapse, so some people can be saved[/FONT]

I wish people could share the joy I experience when I think of the future, just a few short years away. Life after the collapse of the US empire will be so much better than it is now.

It is ongoing. It's already started. It's accelerating. Rome wasn't built in a day. It didn't collapse in a day.

Come on, dash! With your mad skilz at prognostication, you are a shoo-in to win the $1M! Think of all the silver you could buy!

 

[D'rok]

Eh, what?

I can't demonstrate any paranormal stuff. Nor have I ever experienced any.

That's why I say "guess" as regards what the future might hold.

Anyway I'm impressed, several messages have been posted and I'm not feeling a sense of disgust. It's like everyone is on their best behavior. Thanks!

Here is a link I came across, click on the 4th video. It says, "2008 Predictions: Mike..." It talks about money and economic collapses. Very good introduction into what I'm talking about, only 26 minutes...

http://www.richdad.com/RichDad/RichContent.aspx?cpid=62

-Dave

If you want to talk about this stuff without being condescending and arrogant, I'm sure we can all get along. Qualifying your predictions with "might" goes a long ways towards that.

Here's an interesting article on the topic:

Matthew Turner, a precious metals analyst at Virtual Metals Consulting Ltd. in London, said a struggling greenback and the raft of weak U.S. economic data are supporting gold's gains.

“As long as the U.S. dollar is falling and the economic news from the U.S. stays this bad, gold could go much higher,” he said in an interview.

“The nature of the financial crisis has been a collapse of trust in the banking sector, and if you can't trust financial intermediaries, then metal dug out of the ground make sense again,” he said. “This has been the perfect crisis for gold.”

“Right now it is all doom and gloom, and that is what metals thrive on,” said Jon Nadler, a senior analyst at Kitco Bullion Dealers in Montreal.
The confluence of a weaker U.S. dollar, higher crude oil prices, and further subprime woes are “playing right into the hands of a speculative metals trader,” Mr. Nadler said. “This is an anxiety premium that is being built into this by the convergence of all these news flows.

http://www.theglobeandmail.com/servlet/story/RTGAM.20080303.wgoldoil0303/BNStory/energy/home

 

[dash]

Predicting the future qualifies as paranormal.
BZZZZZT!
No mention at all of "guess" or "might" in these predictions:

BZZZZZZT!

In the quote from your own posting, you see I wrote "guess" in the very sentence you quoted.

You're wasting my time. Welcome to my ignore list.
ETA -- It's too bad, too, because your avatar picture is hot and I like looking at it.

-Dave

 

[dash]

http://www.theglobeandmail.com/servlet/story/RTGAM.20080303.wgoldoil0303/BNStory/energy/home

Yes, the dire economic news that is constantly coming out is certainly boosting the gold price.

The thing to keep in mind is what is the government doing to fix it? They're just doing more of the same hash that got us into this mess. Flood the markets with dollars. Try to prevent recession at all costs. This can only end in the complete destruction of the dollar -- unless they come to their senses and start raising interest rates sky high...

The US economy is like a bus full of people racing for a cliff. Some people on the bus are aware of the certain doom that awaits, and they force open the emergency exit and jump off and are saved. What does the bus driver do? He steps on the gas!

One thing just occured to me today, is that even if you have nothing of value and a negative net worth, you do have something you can sell. You can sell your credit rating. You do this by getting cash advances on your credit cards and buy PM's. Then sit back and wait. You don't even need to pay off the card -- let your credit rating get trashed. You've just sold your credit rating for hard, cold money (silver + gold).

It is a daring move, not without risks. But nothing ventured, nothing gained.

-Dave

 

[Elizabeth I]

Alternatively, it could mean that gold is way overvalued.

sssshhhh! You just got un-ignored. Do you want to get re-ignored again?

 

[D'rok]

The US economy is like a bus full of people racing for a cliff. Some people on the bus are aware of the certain doom that awaits, and they force open the emergency exit and jump off and are saved. What does the bus driver do? He steps on the gas!

That bolded bit is where you are going to lose most of us here. It smacks of irrational prophesizing. Nothing is certain about the future. We can talk about trends and possibilities, but certainties?

Hedging your bets during an economic downturn that is bordering on becoming a crisis by investing in PM's obviously has historic legitimacy as a strategy. But the key is knowing when to get out. Economic recovery is still a distinct possilibity. The bus may still swerve away from the cliff. That may even be the likely outcome. What then?

 

[mortimer]

Gold standard is stupid and Ron Paul is stupid and Ron Paul supporters are stupid!

Oooh ooh ooh can I get put on ignore too? All my friends are!

 

[OneShotKi11]

Who be moron, child? Bush Sr. used the term to refer to Reaganomics. Don't you understand that? You and the smartest poster on the forums are totally clueless when it comes to easily google-able facts.

Reagan never used the term. Understand???? George HW Bush used it to describe Reagan's variation on Supply-Side Economics. Do you know what Supply-Side Economics means? Do you know who George HW Bush was? Do you know who Keynes was? Do you know what time it is? Can you count change if someone asks you to break a five? Where am I?


ETA: I was responding to post # 1145, for which, I'm sad to say, da yoof of the thread has been warned.... OMG, now I'm responding to "warned behaviour"! What will I come to?

Yes i already know this, but thank you for the useless explanation. I dont feel the need to fully explain the fact that i was just acknowledging what Dash was talking about. You seem to be stuck on explaining this when everyone already knows what it is and was.
MAy i ask why???
Whats was the point in explaining what VooDoo Economics was, and then beating your chest like you are winning some sort of debate on the topic?

As quoted by you:
"Bush Sr. used the term to refer to Reaganomics"
Reaganomics had to do with which president might i ask?

After you answer that proceed to next question.

So would it not be accurate to state that "Voodoo Economics" had something to do with Reagan?

This is all i claimed it to be? You seemed to be stressing the fact that i was wrong. Yet are failing to tell me what i claimed?

When you can tell me the claim i made in order to be wrong on the topic, then I will bow out of the conversation and acknowledge your intellectual dominance over me.
You will not be able to point to a claim because i did not make any regarding "VooDoo Economics" and what it actually was. My only claim was that i already knew it had to do with Reagan.

Your posts seem to be rather pointless attacks on individuals with arguments you are making up in your head.

I have to always repeat myself when i shouldnt because it is a ****ing forum and you can go back and read what i wrote over and over until you get the point, but here i go again....

I NEVER STATED ANYTHING ABOUT "VOODOO ECONOMICS" THAT I COULD BE WRONG ABOUT. THUS MAKING THE ENTIRE POST I HAVE QUOTED A MADE UP ARGUMENT BETWEEN YOU AND I.

Does anyone else not notice this silliness or can someone here find where i stated something wrong about the topic?
Rather my only statement was that i knew what it was.

Is their a name for this tactic used in debating because i have never come across something so mind numbing?

 

[OneShotKi11]

Gold standard is stupid and Ron Paul is stupid and Ron Paul supporters are stupid!

Oooh ooh ooh can I get put on ignore too? All my friends are!

LoLz, on a side note....

I do find ignore lists a little silly and would never even think to put someone on it just because i disagree with them. Kinda destroys the point of being on this forum in the first place.

 

[dash]

Economic recovery is still a distinct possilibity. The bus may still swerve away from the cliff. That may even be the likely outcome. What then?

That's why it's important to pay attention to what's going on. All signs point to economy going down the tubes. If the Fed raises rates instead of cutting them further, that would be a major move to rationality. But I don't expect it to happen before the 2008 elections are fnished. Such a move would introduce a depression but it might save the dollar. Bush won't let Bernenke do it his watch (or should I say Cheney or their advisers, Bush is just a figurehead). They're doing their best to get a republican elected in 2008. If the economy tanks overtly, they can kiss that possibility goodbye. Personally I don't think the republicans have a chance anyway...

Whatever steps to deal with the ongoing crisis will have to occur during the next presidency. Until then, it's just devalue + pray for a miracle...

Note I wouldn't sell my physical silver no matter what they do. Even without the monetary issue (silver bought as a hedge against inflation) it is still worth owning as a base metal -- meaning a metal used in industry. Gold might go way down, but I suspect silver won't. If the short squeeze can occur and wipe out the big manipulators of the silver market, silver will explode in value. Then there's no going back to its earlier valuation.

Investment is an ongoing process. Some things you can buy and hold. Other things you buy, ride, then sell. Silver for me is buy and hold for a long time.

Silver is still cheap. In that link to the video I posted, the fellow thinks that the time will come when 500 ounces of silver will buy a nice house. That's about $10K right now.

Honestly I don't believe economic recovery is a distinct possibility. It's too far gone, too many bombshells falling all at once. It's a perfect storm. Look out for yourself, that's about all you can do right now.

-Dave

 

[D'rok]

I do find ignore lists a little silly and would never even think to put someone on it just because i disagree with them. Kinda destroys the point of being on this forum in the first place.

zactly