I see an economic diasater coming...

[triffid]

More monkey business in congress going on.Now gold is being predicted to go above $2000 an oz.Why?
1. Lower rates fuel fears of higher inflation â€" so gold is bought as a hedge against inflation.
2. Lower returns on Treasuries drive investors into riskier assets in search of a higher return. This can boost equities and most commodities â€" including gold.
3. Lower returns on Treasuries reduce demand of U.S. dollars, causing the dollar to fall. Since gold is priced in dollars, as the buck goes down, gold usually goes up.
4. Finally, looser monetary policy implies that the economic situation is not as rosy as many would like to believe, so investors buy gold as a safe haven asset.
Result: Investors who have never even thought about owning gold before will rush into the metal. This could be the critical thrust we need to drive gold above $2,000 an ounce, then $2,300 â€" and potentially much higher!

[triffid]

Rumors are echoing in the corridors of power in Wall Street and Washington â€" whispers about Fed Chairman Ben Bernanke's secret plan for interest rates.
The Fed on Aug. 9 pledged to keep the benchmark rate near zero until at least mid-2013. Now, the rumor is that "Helicopter Ben" is seeking to force down longer-maturity bond yields â€" in a last-ditch attempt to boost the economy.
The Fed may decide at its Sept. 20-21 meeting to replace short-term Treasury securities in its portfolio with long-term bonds in a bid to lower rates on everything from mortgages to car loans, according to economists at Wells Fargo & Co., T. Rowe Price Associates Inc., Barclay's Capital Inc. and Goldman Sachs Group.

Wags say Bernanke drops money from helicopters â€" I use them to find hidden gold values!

And Bernanke himself told an economic conference in Jackson Hole, Wyoming, on August 26 that the Fed has "a range of tools that could be used to provide additional monetary stimulus."
Mind you, the 10-year note is only yielding about 2 percent now. But even on the rumor of this shift in Fed policy, Wall Street heavyweights are rumbling there could be unforeseen consequences from such a move.

[triffid]

So If my report on gold was correct our money becomes more and more debased.At some point the ballon must burst.The gold and silver I have will become worth more but the money I have will become worth less.
Still everyone I see wants more money.So its not out of fashion yet.I have been watching "tales of tomorrow" on hulu.com.Its a tv show from the early 50's.Once in a while they show a wad of cash like ones and twenties.I can only think "What would they say if they had known how much those are really worth?".
I know the 1970's dollar is worth ony 17 cents today.I have no idea what the 1952 dollar is worth in todays terms.triffid

[triffid]

Congress trying to create more jobs?How can Washington afford to do something really significant? The federal government is strapped for cash. Ditto for state and local municipalities. And the consumer.
But do you know who is in good fiscal shape? Many large businesses. It's really up to the companies that actually have cash on hand to finally start hiring more.
Or to paraphrase ursine fire safety expert Smokey: Only you can prevent a double-dip recession, Corporate America. Only you.Don't get me wrong. The president, Congress, the Federal Reserve and others in Washington aren't exactly powerless. They can and should try something to help get the economy back on track. triffid

[Judges]

Re: I see an economic diasater coming...

I read all the way just say that millions will and are being made,
a joe in texas