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And this is what you come up with???
C'mon...don't waste my time.
Show me how this scenerio is the same as our current situation. Do you even know why interest rates rose back then? This argument lacks balls and relevance. And beyond that it strays from your original points.
I'm on vaca and this is clearly going no where. I am out.
http://www.youtube.com/watch?v=kTWoN-gnLA8
At the end of it all, the only metal you need, will have gun powder behind it
Last edited by eastcoast_gsx; 05-06-2012 at 07:32 PM.
R e a d S l o w l y ! - Children at Play.
At this time the government would start cutting spend, eventually starting to pay off some debt.
http://careercompasscanada.com/knowl...policy-reforms
Last edited by 01cbr; 05-06-2012 at 07:55 PM.
lol thought this would be a dead thread. I took 2 years of Economics but neglecting theories I was just stating my opinion. Being an investor as a side job I do try to learn from others and try to weigh it with my meager understanding of economic theories. If we were to use prior history of massive government spending we could use the WW2 periods when massive government spending got the countries out of a recession but that was a different time and different circumstances.
When interest rates were in the double digits houses were cheaper cost of living was cheaper. People now hold more debts than before. You can use your HELOC to purchase another house or buy yourself some expensive toys. Interest rate will eventually go up to keep inflation low and it may be good to the investors but for all those that took out a mortgage of 35 years at below 4% they will feel the double digit interest rate and there will be lots of foreclosures.
On a side note I just went to the bank last week looking to buy another house and they offered me 3.49% over 4 year fixed. Think I'm going to pile on more debt lol. It's just so easy getting approved.
Ok, so you wanna go out and spend it... People will notice that you're lugging gold around and will be wondering where you're keeping it. They'll eventually find out all they need in order to get it. Hoarding gold works great for those who can afford some serious security to protect it. For regular folk, things are a bit different.
The Fizzer's up for sale http://www.gtamotorcycle.com/vbforum...-600-2050-cert
Unofficial GTAM chat! Click for the info http://www.gtamotorcycle.com/vbforum...ad.php?t=91578
Like many active sports, shooting has the potential to cause personal injury.
"The proper wave to an e-biker is to raise your beer." [credit:'Baggsy@GTAM]
So, Greece dumped their austerity government. Overseas markets tumble. Round two of word debt thread begins.
Can somebody please let me know when the Apocalypse fires up? I've invested in some precious metal and will need to know when to go get it.
Mike "Gummiente" Palmer
'07 H-D Road Glide
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