Dollar looses 3% then 1.5% in one day !!!!

ciregg222 · 03-20-2009, 05:10 PM

Im trading in my dollars for firewood as it will be more valuable soon ......

Watch what Ron Paul has to say about this situation with about the FED printing 1.25 TRILLION dollars (devaluing all of our savings and the value of our dollar)

YouTube - Ron Paul On The AIG Bonuses

joshpackr · 03-20-2009, 07:23 PM

Let the dollar go ahead and crash. It's going to happen sooner or later anyway.

nornerator · 03-20-2009, 07:52 PM

Ron Paul really is the smartest politician I've ever seen.

The media has gotten people to think he's an Anti-choice racist somehow. Ron Paul is the only one that talks about the real issues. A true American hero.

ciregg222 · 03-20-2009, 07:54 PM

Its just so crazy ... the FED prints 1.2 trillion .. and buys treasury bonds ... but the FED is privately owned not government owned and actually lent the money to the government to offer the bonds. So in essence, they are buying their own money back with fake money they just printed. Pointless ....

.

nornerator · 03-20-2009, 08:00 PM

The way our system works, printing money is the same thing as printing debt.

Americans are now 1.25 TRILLION more in debt to the banks (+interest)

The dollar will collapse fairly shortly, I would say within the year, at the very latest 5 years, but I doubt that long.

Darkflan · 03-21-2009, 01:31 AM

The sooner the Better.

Stigma420247 · 03-21-2009, 01:47 AM

so does this mean my credit card debt doesnt matter anymore??

im trying to find something positive out of all of this

marcusJay · 03-21-2009, 07:23 AM

Quote:

Originally Posted by Stigma420247

so does this mean my credit card debt doesnt matter anymore??

im trying to find something positive out of all of this

The lesson learned is to live within your means.

zig zag · 03-21-2009, 08:38 AM

Quote:

Originally Posted by Stigma420247

so does this mean my credit card debt doesnt matter anymore??

im trying to find something positive out of all of this

means the bank is more likely to call it in early or raise your interest rate.

Stigma420247 · 03-21-2009, 06:19 PM

Quote:

Originally Posted by zig zag

means the bank is more likely to call it in early or raise your interest rate.

if i dont have any $$ what can they do??? i have nothing for them to take ...

and im sure that applies to a lot of people that have outstanding cc debt...we dont have anything for the cc companies to take ...so what can they do? they cant throw all the us citizens that are in debt in jail

03-20-2009, 07:23 PM	#2
joshpackr Sr. Member Join Date: Aug 2007 Posts: 690 Grams: 8,666.00 Thanks: 183 Thanked 172 Times in 119 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Let the dollar go ahead and crash. It's going to happen sooner or later anyway. __________________ "Imagination disposes of everything; it creates beauty, justice, and happiness, which are everything in this world." -Blaise Pascal

03-21-2009, 01:31 AM	#6
Darkflan Sr. Member Join Date: Oct 2005 Posts: 1,152 Grams: 12,984.95 Thanks: 482 Thanked 491 Times in 264 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: -1.000%	The sooner the Better. __________________ [darkflan] Old friend from a printshop I work at, he owns his own business now and was talking about hiring me [darkflan] then i asked him if he knew where to get some good buds

03-21-2009, 01:47 AM	#7
Stigma420247 Sr. Member Join Date: Feb 2009 Posts: 516 Grams: 3,820.75 Thanks: 259 Thanked 208 Times in 108 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	so does this mean my credit card debt doesnt matter anymore?? im trying to find something positive out of all of this __________________ Thought is free. - William Shakespeare

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