Re: Apple stock hits all-time high!

Oxford wrote:

Maverick <Sun@xxxxxxxxx> wrote:


The US has one of the least amounts of Inflation in the world. The banking system is the envy of the world. Sure, the bush crew has over spent and mismanaged our money, but at the very worst we are looking at 4-8 years to get back to normal.

I think it will take longer than that, but it will only depend on the working class to produce.


it just depends on how inspired the person we pick to lead us in 470ish days. the universe is endlessly bountiful, so it's just a matter of focusing the working class to make our lives better.


the $ along with most all advanced currency is primarily based on "faith", and bush has damaged that "faith", but it will quickly rebound once he is out of office.

just watch.

Oh, I'm watching and getting quite nervous about my pension.
After all, this so called advanced currency is nothing more than monopoly money or fiat currency as others have called it. It isn't backed by anything but debt.


can't you move your pension over to something more powerful like a strong mutual fund or apple stock?

Nope. I get a life time pension from the U.S. Treasury.

all currency is based on "debt", gold is the same thing, just in a different molecular form.


Gold is debt free. Once in circulation, it can not be taxed, or any interest applied to it, hence the old usuary laws. Gold can't be created out of thin air by the use of a credit card or writing out a check.

Check out this site: http://www.gold-eagle.com/editorials_05/kirby062806.html

It explains in detail way much better than I can on exactly what money should be. I found it rather interesting and an eye opener.
The question remains now is how long will the federal reserve system last? It can't go on forever.

there is no value to gold unless people "perceive" there is, same with $ or peanuts. my plastic debt card is worth less than 10 cents, but people give me hundreds of $$$ by touching it each week. isn't that odd?


Also odd that the price for a suit in 1913 cost the same in 1813. No inflation. Which means that gold was set by law to represent a constant value. A reserve note means nothing but the governments ability to tax its citizens to obligate its debt to the central bank.
I guess that's why the great depression took place and could very well happen again. So far the dollar is slowly going down against other currencies.
You can't plan for the future or count on the future with a debt based currency that keeps shifting around. Sure, right now things look pretty good for you, but wait till you finally retire. Then watch your nest egg shrink. All it takes are a few emergencies and your means of earning more on your investments will drop. Eventually, like happens to most people, will be a dismal looking nest egg and not much to count on while the currency keeps on devaluing.

I'm not so comfortable with our current system. So far, each year I'm losing more and more buying power.

and from the "learn something every day" department... i guess there were gold certificates too...

http://en.wikipedia.org/wiki/Gold_certificate

I don't believe that this site can be credible anymore. It is becoming more and more difficult to get the real truth and wiki isn't one of them.
.

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