Looks like 50,000 people in London dont much care for Obama & friends!
G-20 protest or riots?
- Thread starter Gainster
- Start date
So the media is building it up that there is so much turmoil within the G-20 group. Anybody want to bet it all gets smoothed over once the great one gets in there??
LMAO! The European's dont want Obama's spending program because of the inflation that will come with it. They already tried & it did not work. Time to turn my cash into gold.
don't we need a soccer stadium and a couple professional sports teams that we here in the US don't care about...
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Ollie
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Nope.
We already have politicians over there we don't care about.
I think you will hear a LOT more about moving the world off the US dollar standard. With Obama devaluing the dollar at record rates I don't blame the EU for wanting out.
By this time next year, inflation is going to hit hard.
I cant say that I am smart on this issue, But I fear Deflation will be the real problem coming. http://en.wikipedia.org/wiki/Deflation
deflation is what we are in now, though it doesn't seem that severe. With all the money being printed for bailouts, we are headed for inflation, I think.
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Ollie
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INFLATION:
When you take (for sake of arguement) 1 trillion dollars that you can back with goods and then print 3 trillion dollars with the same amount of goods to back it up. YOu have effectively made the dollar worth 33 cents. So now you have more money, but it takes 3 dollars to buy the same exact thing you used to get for one dollar.
DEFLATION:
When the true value of something drops.
Such as a house. 2 years ago a house sold for 200,000, that same house now sells for 160,000. Your dollar is still worth exactly what it was 2 years ago. So now you can afford to buy more with less dollars. That is what we have now. Granted, it doesn't seem like it, but only because so many people are out of work. Companies have been dropping the prices of stuff in an effort to get people to buy. Thus deflation.
Currently we are in a "deflationary" market".
Builders and makers are dropping their profit margins to the bone in an attempt to get people to buy their products. What is about to happen is this.
Obama has ordered the mints to start seriously kicking out the money. It is being printed faster and in larger bills than at ANY time in history (even corrected for inflation over a set span of time). When you are printing more money than you can back, you get inflation. This is what is going to hit in the coming months. I am guessing by next jan-march you will see the inflation numbers really start hitting home.
If you are looking to buy a house, GET IT NOW or at least in the next couple months.
When you take (for sake of arguement) 1 trillion dollars that you can back with goods and then print 3 trillion dollars with the same amount of goods to back it up. YOu have effectively made the dollar worth 33 cents. So now you have more money, but it takes 3 dollars to buy the same exact thing you used to get for one dollar.
DEFLATION:
When the true value of something drops.
Such as a house. 2 years ago a house sold for 200,000, that same house now sells for 160,000. Your dollar is still worth exactly what it was 2 years ago. So now you can afford to buy more with less dollars. That is what we have now. Granted, it doesn't seem like it, but only because so many people are out of work. Companies have been dropping the prices of stuff in an effort to get people to buy. Thus deflation.
Currently we are in a "deflationary" market".
Builders and makers are dropping their profit margins to the bone in an attempt to get people to buy their products. What is about to happen is this.
Obama has ordered the mints to start seriously kicking out the money. It is being printed faster and in larger bills than at ANY time in history (even corrected for inflation over a set span of time). When you are printing more money than you can back, you get inflation. This is what is going to hit in the coming months. I am guessing by next jan-march you will see the inflation numbers really start hitting home.
If you are looking to buy a house, GET IT NOW or at least in the next couple months.
OK got it!!!! Not looking to buy a house but looking to build a house, Also looking to protect the cash we have in the bank & CD's we have. I just have gutt feeling the american dollar will be hit hard & what we have will be devalued to the point of Oh' Crapp!
Good explanation Ollie, I didn't feel like putting that much effort into it!
I dunno if you've talked to the bank about financing a construction loan, or if you're even going that route, but it is not easy at all to get a construction loan anymore.
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Ollie
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I am actually back in the stock market now.
I took my own advice and got back in when it hit 6500.
I made up 11 of the 20k I lost when it tanked.
I figure the DOW will go up and down from 7k to 8500 for a while.
Been watching & wondering on the stocks, Really wanted to jump in as a day trader after watching gold's run. January the 15th it fell to $804.00 & I wanted to cash in one of our CD's to pickup 62 shares...... The wife was a little less enthused @ that very time, Then it was her idea to buy @ $920.00 a share & I was less enthused because of what it was prior, Then dont ya know it runs up to over $1000.00 a share! I give up
I dont trust the market right now, Yes it seems as if its a good buy but after what the whitehouse did to Warren Buffet 3 weeks ago I feel the gains we are seeing are from the Bama backers making him look good. Remember he-Bama was not interested in what the market was doing & it was tanking, Buffet comes out & begs Bama not to go through with his education & healthcare plans because it can not be funded & Buffet says he is keeping $20 Billion in cash on hand because of what will be coming from it. The next day Buffet is asked to step down from his Birkshire Hathaway CEO spot & attacked from all sides over it. Hmmmm? I just see a giant F-ing coming.
My wife works for a bank & we are paying cash to build our new house. No financing what so ever.
