President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (132810)	4/6/2013 7:37:29 PM
From: Road Walker	2 Recommendations Read Replies (1) of 149317

I do have gold, but I think of it like cash. Right now, gold is more secure than cash, because cash is being devalued. Depends on the timeframe... Every USD is backed by debt...debt that will never be repaid. The full faith and credit of the US is not what it used to be, precisely because we are unable to get our fiscal house in order. We do need to adjust... On both spending and taxing. The world economies are leveling, probably a good thing for mankind but not for many Americans or Europeans. But, despite our debt, we are still the richest country in the world, for many reasons. That's just a fact... you are one lucky SOB to be born here and you whining is irritating. There have been people proclaiming the end of the world as we know it my entire life. Possible? I suppose. But I have a lot more confidence in our political leaders than the nut case bloggers or your irrational fears. Optimists always win MM. Pessimists always lose. In the long run.

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