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  #11  
Old 01-03-2010, 02:24 PM
Charles Charles is offline
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Join Date: May 2009
Posts: 10,348
Well, I didn't watch the whole thing, but I already know where it's headed.

The Federal Reserve probably is unconstitutional, but what ain't? And it wouldn't be the first time we've had a central bank, or the first time one of them has been shut down. Inflation probably has destroyed 95% of the dollars purchasing power, but the only way that anyone has been hurt by that is if they buried their currency in fruit jars. Gold is a commodity, and it appears to me that it is way oversold at the moment. For one, there isn't that much gold, people are buying paper gold. And the price will most likely collapse once again.

Probably, the basic premise of this piece (like I said I didn't watch the whole thing) is that the system is rotten to the core. And if I'm correct on my assumption, I would tend to agree.

But it's the only rotten game in town. The dollar, or even gold, is backed only by the faith that it has some value. And while faith may not be one of my strong points, I only HOPE that everyone else has plenty of FAITH.

If not, we're all gonna be in a world of hurt.

Chas
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