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Old 09-27-2008, 06:38 AM
allenwrench allenwrench is offline
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Originally Posted by Tuesday View Post
Well, the US administration is in it up to their ears right now. Goodness knows what they're cooking up. Perhaps they'll do an FDR and start paying farmers not to raise crops and stock again - daresay they can produce an economist/CEO/soothsayer who could convince the sheeple that this will be good for them - in the long run

I'd consider the confiscation of any asset held by a private citizen to be nothing less than theft. Of course, govts steal from us regularly so there will be people who won't mind if gold is confiscated. Gotta redistribute that wealth somehow - in the name of equality and all that jazz ...

/cynicism off

LOL I dunno. I'm not an economist. I'm just keeping my head down, working my toosh off and salivating at all the good buys in the real estate market!!!


tresha (you shameless wench) - good luck boarding/turning over Shiva!
I'll wait for Johnny Depp if that's okay

Regarding real estate wont this be a bad area to invest in if things keep going downhill?

With gold confiscation or other heavy handed gov tactics. Are the sheeple more of a 'ram' mindset this time around? Back in the depression, people trusted the gov more and were used to hard work and hard times. Nowadays people are spoiled, have many freedoms and don't trust the gov.

They may fight back? Or am I dreaming?

Last edited by allenwrench; 09-27-2008 at 06:38 AM.
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  #12 (permalink)  
Old 09-27-2008, 08:27 AM
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Zoe Zoe is offline
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Regarding real estate wont this be a bad area to invest in if things keep going downhill?
That depends. Unlike S.I.Vs, some things have quantifiable value. If you can collect rent per year on a building that equals about 10% what you paid, it is probably a decent investment. Good farm land with access to water is growing in demand. I am guessing it is a good investment.
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With gold confiscation or other heavy handed gov tactics. Are the sheeple more of a 'ram' mindset this time around? Back in the depression, people trusted the gov more and were used to hard work and hard times. Nowadays people are spoiled, have many freedoms and don't trust the gov.
Why would the government confiscate gold??! We are no longer on the gold standard.
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Old 09-27-2008, 09:11 AM
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Why would the government confiscate gold??! We are no longer on the gold standard.
That probably the problem... Does the Government have any standards??
I read somewhere that the bailout bill currently being dis"cuss"ed has a clause in it that says the FedGov can over take any bank and its assets to be an agent of the state... At that point FDIC would take over and guarantee up to $100K per account holder and the rest would be used used by the gov. And the Treasury secretary is immune from lawsuit and oversight. I will see if I can dig it back up...

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Old 09-27-2008, 10:25 AM
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I'm so glad you found this!
I had me some giggles with this one.

Now hand over the booty. (dang, that still doesn't sound right.)
As long as you just want my booty you can have it. Just keep your hands off my gold.
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