the american figures are out of date....its over 100% debt to GDP now!
japan has a huge savings rate...sure it bought the japanese government a little more time as it was able to borrow from its own people but soon...
anybody ( or nation) that needs to put strict controls on gold's purchase is obviously afraid of it!
I dissagree.....I think its good to get different perspectives as this widens your knowledge....that dont mean you have to agree with everything...
all you can do is prepare.....if things get really bad then nothing you can do......but how foolish would you feel if there is a shortage of food...
the way it works is that it goes by the cost to mine the gold out of the mine. The rule of thumb is the higher the percentage of gold per ton of...
yes....low savings rate, high government spending, too many entitlements, too large a military budget......the reasons are endless!
things may get ugly for a few years but sooner or later commerce always returns!
go to any library or book store...there are many good econ books to choose from.....add to that there are books written by peter schiff, harry...
I am talking good quality bread at a bakery......not the mass produced crap at the grocery store! Sure you can buy crap for 1.50 but a good...
I think its about time other nations try to remove the US dollar as reserve curency!
the bric nations have already started the ball rolling on that. They want the US dollar removed as the reserve currency and with good...
you mean like the 5 dollar gallon of gasoline I was predicting and the now 3 dollar loaf of bread? That reality? :)
thats why the US has a huge trade deficit and is on the verge of bankruptsy right?
if you want your citizens to be able to retire at age 55 and allow people to collect dissability for the dumbest reasons then you better be...
most production has shifted to china and now all of the sudden china is an economic powerhouse.....that is no coincidence!
hope you enjoy that 10 dollar loaf of bread in a few years time :)
the more money in circulation chasing a finite supply of goods and services, the higher the unflation rate...simple no? :)
when politicians are afraid of gold bullion that should tell you something!
double trouble
just raise interest rates and let the zombie banks fail.......you will be dancing at the gas pumps!
girl friday
what you just explained above is classic stagflation.....weak demand with rising prices....welcome to the 70's :)
100 dollar happy meals anybody? :)
just raise interest rates and the problem would be eliminated!
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