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Overunity Machines Forum



I see an economic diasater coming...

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

Previous topic - Next topic

0 Members and 14 Guests 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

the_big_m_in_ok

Quote from: the_big_m_in_ok on April 04, 2013, 01:07:15 PM
I'll be specific:
       If this continues, it 'isn't going end well' by any stretch of the imagine, so to speak.
--Lee
I just read a Spanish/English socialist newspaper, The/El Reporter(o):   The Federal Administration is asking Congress for the money to buy billions of rounds of gun ammo; 7000 assault rifles; and many, many MRAP armored personnel carriers.   Socialist commentators are calling it a military ammo stockpiling of the whole country for an anticipated complete American collapse---starting with the financial economy.
       Uh...okay?   Hello, right?   I implied that when I started this thread.   Former nay-sayers like a few who're still around, are silent now.   They know who they are, if they're still here.   Now, they STFU.   I've already told everyone what I've done to prepare for this.
       Let it come.
--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

triffid


triffid

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triffid

Well,Well,Well.Today is 4/15/2013,the price of GOLD is $1341.60 an ounce.And the price of SILVER is $22.55 an ounce.When last I checked about three weeks ago they were $1600 and $27.00.Wonderwhat happened?Maybe they are both being pushed down in price by the big boys?triffid

triffid

Heres what happened to gold and silver.http://finance.yahoo.com/news/yen-firms-risk-assets-brace-000147967.html  Once again let the buyer beware.Gold and silver are not perfect assets to have.

TOKYO (Reuters) - The yen firmed against the dollar and the euro on Tuesday while commodities from gold to oil extended their sharp declines after investors dumped risk assets overnight, worried over slowing growth in China and the U.S. took hold.
Cash gold and U.S. gold futures plunged to their weakest in over two years, pulling silver lower and dragging Tokyo gold futures down almost 10 percent.
Spot gold was down 1.9 percent to $1,327 an ounce while silver shed nearly 2 percent to $22.11. On Monday, the price of gold bullion tumbled another $125 per ounce in its biggest-ever daily loss. In percentage terms, Monday's 9 percent loss would be the biggest since 1983.