$10,000,000,000,000 may be necessary to stop deflation......
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The govt is destroying this country, as always happens in history. This would simply make thing s worse. More central control, more central planning, more central micromgmt of the economy.
The govt caused the problem we are in now and will make it worse the more they meddle.
2 years ago 4
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I use to be a Truck Driver for 16 years, before my knees went. To give people some sense of what a Trillion Dollars is. It would take @ 250 18-wheelers just to hall 1 Trillion in $100 bills. The weight of such a mass would be @ 10,000,000 lbs.
My question is why would we wont to stave off deflation? The US has been living in a bubble from the early 80's. We need to deflate to bring strength (ie. value) back to the dollar. But the middle&lower classes might gain from it & we couldn't have that.
2 years ago 3
All Comments (41)
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@SilverRose09 I am interested in if you bulit your place??
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@solvssod that money in circulation is a part of the national debt it has been borrowed off the rest of the world
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$10,000,000,000,000 may be necessary to stop deflation......
August 17 ,2010 Great Video-Government Mortgage Relief
1-800-270-2928
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$10,000,000,000,000 may be necessary to stop deflation......
August 17 ,2010 Great Video-Government Mortgage Relief
1-800-270-2928
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what is also mind blowing , Is there is not enough money in cirulation to pay off the national debt
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@SilverRose09 What happens is they won't need to export to the US. That is almost impossible to happen soon though. Do you think the Chinese are going to go from being frugal to spending like Americans overnight? What will happen eventually is that they will start importing from the US and the world, in which case we will be buying their treasuries and exporting to them.
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@dannydarias1 ...and...What is going to happen then?
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@SilverRose09 Your assessment is totally incorrect. They are not "supporting" the dollar. They buy treasuries because they have to if they want to sell us products. The day they we no longer buy products from them, the day the buying stops.
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According to Google that would be 4,535,923.7 kilograms of $100 dollar bills.
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@robertcgage how much is that in kg ?
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Hello,
I need your opinion. I have a piece of land. It is in a very turistic area in Monterey CA. It is not a city. Mostly farm and turism. Do you think it is too risky to get a construction loan for 200K and build a small 2 bedroom place and try to get a fixed rate before the hyperinflation hits? Selling is not an option as the price of the land is undervalued now and I own the land 95% free and clear. I am sad that you last video iabout contango is not there anymore.
SilverRose09 3 years ago
Hi SilverRose. Sorry to say I don't have any useful advice to give regarding your land. Hopefully someone else can help.
The Contango videos are still there , by the way. Maybe youtube was just having an 'off-day' last time you tried. It happens sometimes. Best wishes.
flaskofcoffee 3 years ago
China is supporting USA because it is not of Chinas' best interest for the dollar to go down. My question is until when this support will continue? I believe will be until China has already secure the real assests and commodities contracts with best interest in their favor. The longer it last the better for China. What do you think?
SilverRose09 3 years ago
One reason I bought oil (via the USO fund; there's a video on the channel) was a guess that China would start to buy beaten-down commodities with their new dollars instead of U.S. debt - accumulating something tangible they can use, instead of more paper debt to worry about. I imagine that will continue while commodity prices stay down in price.
flaskofcoffee 3 years ago