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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (62961)6/7/2006 1:52:47 PM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
"Nothing is a given -:)... Except gold."

And death, taxes and higher costs for things you need.

Funny these doom and gloom depression guys talk a tough game but let's see them live without power, a grocer to buy food from or an open gas station to keep their car running. We lose 95% purchasing power of the dollar over 35-40 years and the 'smart money' prepares for that in ways that don't involve buying overvalued RE with 1% option ARM's or assuming your dollars in the bank will buy you more basic goods and services for your money in five years.<g>



To: Claude Cormier who wrote (62961)6/7/2006 1:56:25 PM
From: Tommaso  Respond to of 110194
 
>>>There is a reality.

All fiat currencies eventually are destroyed by years, decades or centuries of debasement and give birth to a new one.

Only gold survives over milleniums.

Nothing is a given -:)... Except gold.<<<

Uh-oh <G>


1 When the people saw that Moses was so long in coming down from the mountain, they gathered around Aaron and said, "Come, make us gods [a] who will go before us. As for this fellow Moses who brought us up out of Egypt, we don't know what has happened to him."
2 Aaron answered them, "Take off the gold earrings that your wives, your sons and your daughters are wearing, and bring them to me." 3 So all the people took off their earrings and brought them to Aaron. 4 He took what they handed him and made it into an idol cast in the shape of a calf, fashioning it with a tool. Then they said, "These are your gods, O Israel, who brought you up out of Egypt."

5 When Aaron saw this, he built an altar in front of the calf and announced, "Tomorrow there will be a festival to the LORD." 6 So the next day the people rose early and sacrificed burnt offerings and presented fellowship offerings. [c] Afterward they sat down to eat and drink and got up to indulge in revelry.

7 Then the LORD said to Moses, "Go down, because your people, whom you brought up out of Egypt, have become corrupt. 8 They have been quick to turn away from what I commanded them and have made themselves an idol cast in the shape of a calf. They have bowed down to it and sacrificed to it and have said, 'These are your gods, O Israel, who brought you up out of Egypt.'

9 "I have seen these people," the LORD said to Moses, "and they are a stiff-necked people. 10 Now leave me alone so that my anger may burn against them and that I may destroy them. Then I will make you into a great nation."



To: Claude Cormier who wrote (62961)6/10/2006 10:24:56 AM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 110194
 
Nothing is a given -:)... Except gold.

you mean the way gold lost 75% of its nominal value and 95% of its real value over two decades from 1980? while the stock market went up tenfold? is that all part of being the world's only "given"?