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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Collapse of the dollar on May 28, 2016?
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- Gold is Doomed
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- @DancewtheReaper Yep, they have been buying the dips the whole way down. I supposed this rally we also fail, and we will break to new lows soon.
- #silver just trade above $20 per ounce. Let's see if gold can follow and trade above $1,350!
- Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they’ve been putting a lot of it on plastic. http://bit.ly/2EGkudw
Monday, May 9, 2016
What the hell is Trump on?
He just recently threatened to default on the debt so we can pay it back at a discount. Now he says we can't default because we print our own money. Which is it and what the hell is he thinking? This opens a shitload of stupid questions. Like why would we borrow money in the first place? Why would we pay creditors back in the first place? Not our problem if they trusted us with their money. If a weak dollar creates more jobs, shouldn't we go full Wiemar? His scheme makes less sense than minting trillion dollar coins to pay off the debt or scattering a trillion dollars in the ocean to create jobs. This is a good opportunity to win over some "leftists" as you guys like to call them. The guy is an Keynesian nightmare. If your going to have a fiat currency, it has to be built on trust and credibility. Trump essentially wants to break that trust. I know how bad inflation is due to overprinting the dollar, but annihilating trust in the dollar would bring us into the Wiemar Republic.