Ron Paul (LIKE A BOSS): Owns Fed Chairman Ben Bernanke.f4v
Uploader Comments (galcockfan03)
All Comments (33)
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@MrAh00362 Oh, I already have, I invested in silver and gold around 2007 and about tripled my investment and been buying more since than as well. I wouldn't recommend gold right now though, its much more inflated than silver.
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@TheScyy If you believe the trends will continue; you should invest in commodity securities; if the trends continue you should make a decent profit.
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@TheScyy bah, I need to stop forgetting things in my posts... You gotta look at the 5 year charts on specific commodities, not the main page which only shows the last year.
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@MrAh00362 I hate to keep spamming you but here, indexmundi com/commodities/ just look at any commodity on there, everything is trading in the same direction with some slight changes depending on the commodity, we can see where prices actually fell during the collapse and as soon as QE 1 and 2 and the bailout come into the picture all prices jumped quite a bit passed their highs in 2007/8 and continue on an upward trend towards double the price in most cases now.
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@MrAh00362 No problem, I like to have actual debates rather than this US VS THEM mentality people have taken on recently. I suppose it's nothing new but I've noticed it much more in the last decade or so especially in politics. Everything is so polarized and nothing gets solved because no one wants to move an inch from their ideology
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@MrAh00362 I'll grant you that demand has obviously had an effect, I just don't buy the governments line on inflation. It's far to convenient for this increase to have been nearly two fold in some cases in the last four years right after the collapse and the massive bailout which was far more than TARP alone.
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@TheScyy The statement below does not imply that our fiat money is losing value; because it does when you have small inflation or any inflation but with that said its not good to have deflation either. I've enjoyed this debate speaking to someone rational for a change. so thank you
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@TheScyy I see what you're saying but we live in a global economy now; there are more developed countries now then there use to be; Driving up demand for things like commodities because they are becoming more like the US as developed nations. They drive; they buy food and energy. Scarce resources such as gas/ commodities are being driven up by demand not monetary policy. Our money isn't diminishing in value respectively it the global commodities which are going up in value do to demand.
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@MrAh00362 And I should clarify, fiat currency alone is not the issue. It's the monetary policy that tends to come from it that is. I may have been a bit harsh, there have been a few fiat currencies that have worked for awhile but the allure of over producing currency to pay ever increasing debts tends to happen sooner or later.
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@MrAh00362 Have you not been to the store recently? All those prices aren't going up on their own you know. Yes tech and other things that are manufactured may get cheaper but thats through advancements in the ability to make the product. When you get to products like food there has been a very steady and fast rise.
Demonstrates how ignorant Ron Paul is
N0TEEQUIVOQUES 2 weeks ago
@N0TEEQUIVOQUES nope sorry buddy
galcockfan03 4 days ago
Golds an asset just like money is an asset.... ever take accounting.. Which side of the balance sheet does cash and gold go on? Both paper money and gold can go up or down in value.. and yes you can lose money on securities or investment but if your portfolio is diverse more than likely you will make money vs when giving money to consumers to consume there is no way for the federal reserve can get their money back. Financially illiterate people and uneducated people believe ron paul is correct.
MrAh00362 2 weeks ago
@MrAh00362 you need to go back to school.
galcockfan03 4 days ago
@galcockfan03 SO If I need to go back to school then tell me whats wrong with the statement above implying that I need to do so.
MrAh00362 3 days ago
@MrAh00362 everything
galcockfan03 3 days ago