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I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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0 Members and 1 Guest are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

Thanks big M.I built a 30 cell zero point energy crystal cell panel today.Maybe zero point energy will power those UFOs?It looks like a 30 count egg carton.I am posting my work in another thread.here at overunity.com.




Once the Central Bank got control of US currency in 1913, they poured millions (adjusted for inflation) in cheap credit into the economy creating the "Roaring 20's" setting up the Great Depression. Then in the 1990s, it did it again by pouring TRILLIONS in cheap money causing the Great Recession.


There is some Ron Paul bashing going on,So I am gritting my teeth at it.                                                                                                      They are saying that he doesnt know that the fed doesnt actually print the money.
The fed still creates it.triffid

triffid

Early man's fascination with gold was based on nothing more than its aesthetic properties. The shine, color and workability of this material made it simply irresistible. Even gold's chemical symbol, AU, comes from a Latin term that means "glowing dawn." Today, advancements in science have proved just how valuable gold really is and reinforced society's natural passion for this material. Beyond its obvious beauty and luster, the very properties of gold give it value that exceeds that of virtually all other metals.[/font][/color]
The malleability of this material means that a single gram of gold, roughly the size of a grain of rice, can be flattened into a sheet that covers 10 square feet (0.92 square meters). It's also the most ductile of all metals, which means it can be drawn out into the finest, longest wire of any metallic element. Gold also conducts heat and electricity, and lasts longer than all conducting materials. It's highly reflective, incredibly dense and able to resist rust, corrosion and oxidation [source: American Museum of Natural History[/color]].[/font][/color]
When considering the aesthetic and functional properties of gold, it's easy to see why it's so valuable. It's also relatively scarce and difficult to extract from the earth, so it's no surprise that the price of this metal has reached astronomic levels. Gone are the days of the California gold rush, or easy-to-mine veins. Today, miners devote enormous resources to locating and extracting even small deposits of this metal. For every 250 trucks containing 20 tons (18.14 metric tons) of rock and dirt extracted from the earth, miners can expect to find just about 0.7 ounces (20 grams) of gold [source: Bullivant[/color]].[/font][/color]
By the 2010s, the oceans started becoming the biggest gold reserves remaining on Earth. Currently, the cost to mine this gold far exceeds its value, but as prices continue to climb, mining the oceans could become the only remaining way to obtain this rare and precious resource.[/font][/color]


triffid

Jp morgans views on the economy   http://www.youtube.com/user/jpmorganfund?v=WtQR7nE8Jr8&feature=pyv&ad=9768958498&kw=stagflation   Check out the topics to the right that you can watch if you want.  triffid