Sun, Nov 23, 2014, 11:07 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • larryland50 larryland50 Aug 1, 2007 5:34 AM Flag

    We are headed down

    Anyone that has debt on any kind of asset will lose! My Great Great Grandparents lost everything turn 1930!The only asset that did not lose during the deppression was gold because it was debt free! They call Mr. Ben a free money guy but I doubt it! The fed is all about banks #1 and if the banks go south they will do everything in their power to protect their interest's even if it is another Deppression!!!!!!!Short term at least we are headed down!!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • larry,

      Sorry, but I must, respectively, disagree with you. Our Federal Government is carrying an enormous and growing debt load which it must finance (pay interest on). It has no means of ever paying it off, and it's ability to keep it from growing more each day is very doubtful. So it must inflate it's currency so that it can continue to finance it's ever growing debt with an inflated currency. A deflated dollar would be disasterous and our current debt load would become unbearable. It will continue to print money, and, as our current Fed chairman once said, "he will drop it from helicopers if necessry to keep our economy going." There is no other solution to our debt problem that our elected leaders have created. As long as millions of Americans continue to seek more handouts from our government, our leaders will provide them so as to get reelected. Free medical care, free medicines, free preschool education, a free college education, and unfunded social security payments for every American are on their way. They will be paid for with more borrowed money (debt) that will never be paid off. You can plan on an inflationary economy until such time as our money becomes completely worthless and our National Government collapses. History repeats itself. Read about the collapse of Germany in the 1930's. In the past there have been many other nations that have taken the same path to destruction. The USA is now heading down this path and you and I are powerless to stop it. My solution is to invest in precious metals that will maintain their value. SS

      • 5 Replies to seasonedspeculating
      • Good to see others know.

        we are running out of time.

        ron paul is the only candidate that wants to turn the good ship america hard about.

      • "As long as millions of Americans continue to seek more handouts from our government, our leaders will provide them so as to get reelected. Free medical care, free medicines, free preschool education, a free college education, and unfunded social security payments for every American are on their way.'

        I don't mind someone who views the world through Neolithic ideologic blinders, but do you have to misrepresent the basis for your erroneous conclusions as well? "...millions of Americans continue to seek more handouts..." really? If you bothered to keep up with the news (and times) you would know that Congress recently passed a farm subsidy bill that mostly favored only a few thousand corporate and wealthy businesses. And apparently the billions and billions in Federal government "handouts" given to a dozen oil giants to produce record oil prices and record corporate earnings aren't worth your consideration either. And while were at it let's also ignore the 500 billions given to the military-industrial complex that put George W. Bush into office, so that Boeing could blow up what Halliburton and Bechtel could rebuild. Unfortunately, especially for the Iraqis as it turns out (most of Baghdad is without water tonight & 117 degrees) that these war profiteer's are much better at destroying things (like the constitution) then in creating anything of lasting value to our nation.

        But yeah, let's focus on making sure that poor kids never get a chance at becoming productive citizens by denying them decent health care and education - I mean we just can't afford that, right?

        Selfish bastards like you are fortunately a dying breed, as most of us realize today that if we must live in a society, then we all have a stake in how that society develops, and that we need to invest in our communities to receive the benefits we all desire. BTW there ain't no free lunch, or free medical care, or free medicines, or free preschool education, or free college educations. There are however SHARED costs of living in a free country, like ... bridges for example. I suppose you thought those F-16's keeping your ass safe were gifts from the Republicans? Jeeez, what a maroon!

        b.

      • Don't forget all the NON Americans "undocumented crossers" the government pays for.

      • Yours was an excellent post that I could have written myself. Folks will increasingly trade in freedoms for security from their government (and probably end up with neither). Many people--illegal and otherwise--like the idea free health care, free this, free that...but in actuality the government will put them on waiting lists. In some cases they'll wait for them to die rather than expedite expensive medical care. Our goverment distorts inflation numbers, hides the M3 money supply data and basically paints a smiley face on all economic data in order keep the masses content while they keep electing the same ol' same ol'. Some even think bringing the Clinton Crime Family back to office will bring back the 1990's 'good times.' What a joke.

        The slaving masses are working harder and getting less for their debt instrument, i.e., the dollar. When the boomers retire they'll dig deep into that bag of social security promises and come up with only IOUs. It was spent long ago.

        Gold and silver are real money. It's time Joe Sixpack realizes this and stops putting all his eggs in one government basket. That basket is rotten.

        ------------

        Our Federal Government is carrying an enormous and growing debt load which it must finance (pay interest on). It has no means of ever paying it off, and it's ability to keep it from growing more each day is very doubtful. So it must inflate it's currency so that it can continue to finance it's ever growing debt with an inflated currency. A deflated dollar would be disasterous and our current debt load would become unbearable. It will continue to print money, and, as our current Fed chairman once said, "he will drop it from helicopers if necessry to keep our economy going." There is no other solution to our debt problem that our elected leaders have created. As long as millions of Americans continue to seek more handouts from our government, our leaders will provide them so as to get reelected. Free medical care, free medicines, free preschool education, a free college education, and unfunded social security payments for every American are on their way. They will be paid for with more borrowed money (debt) that will never be paid off. You can plan on an inflationary economy until such time as our money becomes completely worthless and our National Government collapses. History repeats itself. Read about the collapse of Germany in the 1930's. In the past there have been many other nations that have taken the same path to destruction. The USA is now heading down this path and you and I are powerless to stop it. My solution is to invest in precious metals that will maintain their value.

      • Don't confuse the federal government and the federal reserve. The government is in debt and can't pay it off and the federal reserve is all about the money which is a "private" entity who prints paper. And inflation part I do agree and things will continue moving higher just as they did in many easter European countries in the 80s, Argentina or Germany in the 20s. We already see min wages going up. With paper being printed on behalf of the government the FED will also increase rates to stall the inflation which in turn should accelerate recession if not a depression by that time IMO.

        So the idea is to have debts paid off and some bullion on hand.

 
SLW
21.310.00(0.00%)Nov 21 4:05 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Hexcel Corp.
NYSEFri, Nov 21, 2014 4:02 PM EST
XOMA Corporation
NasdaqGMFri, Nov 21, 2014 4:00 PM EST
Exa Corporation
NasdaqGMFri, Nov 21, 2014 3:59 PM EST