It may be that 16 … It may be that 16 to 1-silver to gold is a ratio that will forever go down in the history books ! Fact: Silver is a PM. Fact : Silver has been used in industry since 1940- Gold has not. Fact : Silver is also very valuable to industry with new needed uses being discovered. Fact: There is roughly 2 billion ozs. of above grnd.gold being held today- there is only about 600 million ozs. of silver above grnd.Once the world wakes up to the FACTS that silver has a lot more to it than is understood-$ up$
Silver is an … Silver is an industrial metal. Gold is a monetary metal. Silver outperforms during economic expansion. Gold outperforms in contraction.
We are in a contraction because of too much spending and not enough production. Obama has expanded deficit spending and proposes to burden production with socialized medicine, carbon taxes and restrictions, and raising taxes (letting tax cuts expire). Plus Baby Boomers are retiring. The economy will continue to lag and Ag:Au will likely become more extreme.
Free trade does … Free trade does make countries better off, but it does not impact people in those countries evenly. This has become increasingly true now that we can produce more goods than we can consume. Free trade forces low skill labor to compete with one another and puts more power in the hands of those with capital as the develop world moves towards Oligopolies.
It allows corporations to circumvent minimum wage laws and benefits, pollution standards, and a f*cked up tort system in the US.
Some people say … Some people say that silver is the way to go, because they think that it’s going to return to it’s 16:1 state, compared to it’s current 62:1. Is this probable?
As long as we ship … As long as we ship work out of the US, We won’t recover. This free trade , open market thing is a bullcrap. We need to protect jobs here . That World trade organization is full of bullshit , it only benefits the Rich.
name calling? yes i … name calling? yes i use google like everyone else in the world. i have not written a university white paper about who our top three importers of food and what type of food they import. i know that our produce comes from Latin america (no i did not have to google that one), regardless if it just frozen food, shrimp, tuna, crawfish, etc., it is still our third largest importer of food and over 2 million metric tons is nothing to sniff at, even if you get butt hurt admitting that I was right.
Nice 30 second … Nice 30 second google, liver lips.
Go back and read my response. We import SEAFOOD and PROCESSED FOODS from China. The majority of our food imports from China are seafood, which really comes from the Pacific ocean caught by their 30 cents per hour slave labor.
Your fruit, vegatables, meat and dairy don’t come China. But watch out for that baby formula or apple juice from concentrate. Apparently, you’ve been drinking too much of the former.
Well I can tell you … Well I can tell you this Sir it wont take another 90 years to lose the next 95% of the remaining 5% of the usd
We had 4 bubbles savings and loans crisis, dot com, housing, stimulus . Each one has ended in crisis faster then the last . It took 8 years for housing to pop. The stimulus will not take as long.
We’ll they are propping it up by a .25 interest rate , put that at 5 or 10% rate . Lower rate is forcing people to get rid of dollars to buy ets with higher returns. US Dollar down 13%
hu-a-duh, you’re … hu-a-duh, you’re right, i’m not smart, haha. per Geoffrey S. Becker, a Specialist in Agricultural Policy, for the Congressional Research Service report to Congress on September 26, 2008, U.S. imports of Chinese agricultural and seafood products increased roughly
fourfold, from 433,000 metric tons (MT) to2.1 million MT in 2007 alone. China is the 3rd largest source of U.S. agricultural and seafood imports. ha-a-duh i can add 2 two and 2, ho-duh, i’m going to put my helmet on now to ride my bike
China and Japan’s … China and Japan’s strategy of subsidizes exports at the expense of their local currency’s strength rests on the umption that American consumers will buy more Chinese or Japanese goods than will domestic consumers. As American consumers spend less, that umption becomes less valid. It becomes more likely that China and/or Japan will strengthen their currency, rather than betting on a depressed American consumer economy. (Refer to Schiff’s explanation of why America is the global “caboose”.)
No, you are not … No, you are not smart enough to put 2 and 2 together.
America does not import VAST amounts of food FROM China. Like all of their exports, their exports are based on SLAVE labor such as seafood and processed food.
Besides, like Japan before them, their exports are based on pegging their currency to the US dollar at artificially low rates to encourage domestic job growth. It’s like paying companies to make things domestically instead of taxing them to do so, Obama is an idiot.
Funny you should … Funny you should mention that ChroNick, I’m no expert on the Japanese economy or politics but what little I have been able to learn led me to believe that the parties there are like you say.
I’m a big Peter Schiff fan and my opinion of him is unchanged but learning more about Japan can’t hurt.
In a certain … In a certain context, your brother is correct. The EI fund registers massive surpluses, but this fund is, for accounting purposes, part of the gov’t general revenues. It has been used to offset deficits ever since. The EI fund has been pillaged time and time again. Canada’s AG has addressed this each year and every gov’t has rejected the criticism. Unfunded liabilities is what the gov’t is obligated to provide in program spending in the future. Pensions, healthcare, etc costs in the future.
Sorry Pete. I’m … Sorry Pete. I’m gonna have to disagree with you on Japan issue. I’m half Japanese and I’ve lived here in Japan for a long time. I think the reality is, the DP is no different from the LDP. A lot of the LDP members have switched parties, and they just fight on camera like the Republicans and Democrats in America, but fundamentally, they both like deficit spending, and interfering with the market.
The data that we … The data that we are not seeing is “who” are the people who are buying the cars and the houses under these programs.
I suggest the Peter Schiff is correct… there are many people who purchased these big tickets items, and now have debt or more debt than prior to the purchase. Big, big problem coming.
This is all being done intentionally.
What we need is … What we need is higher wages, cut the military budget in order to create jobs. Cut Aid of for Israel and Honduras. By cutting this we can create more jobs. Make public transportation free for everyone. Especially the trains. Single Payer Health care plan. More taxation on Rich people to distribute to the poorest. More rent control building that are built for Rich people. Also why not take wall street bonuses and collect intest on them and give them to homeless shelters. Build homes for batteredw
@bearmare: As far … @bearmare: As far as I understood, the EI fund was pillaged a while ago. My brother owns his own business and is usually right on this sort of thing. I’m interested in where you got the unfunded liabilities info as I thought our external debt, while not great, is a pittance in comparison to the US. (population dif considered) If you want to message me links I’d appreciate it.
GM wa slosing money … GM wa slosing money selling cars because of its pathetic unionized structure where workers were overpaid and non-workers were overpaid. Along with emissions added over 30 years. The state of the company went from good pathetic is horrific because they cycled cahs through other non unionized nov gov regulated to death “industries” and made money through them to pay back stock holders.
The government bankrupted GM by causing boom bust of the stock market.
Schiff the banking … Schiff the banking and auto companies did go bankrupt because of not paying back loans. They couldn’t pay them because of/union enforced fascism that forced banks to give loans to people who couldn’t pay them back. We did not have so much debt “privately” we couldn’t pay it back. The problem is socislism and unions jacking wages up WAY above their market level, unproductive and huge out the “benefits”, and then paying people to retie at 50 and not work.
Schiff government ” … Schiff government “money” is private “money” Government has nothing but a monetary cartel and criminally insane dipsahits running it and us into the ground.
Comments
It may be that 16 …
It may be that 16 to 1-silver to gold is a ratio that will forever go down in the history books ! Fact: Silver is a PM. Fact : Silver has been used in industry since 1940- Gold has not. Fact : Silver is also very valuable to industry with new needed uses being discovered. Fact: There is roughly 2 billion ozs. of above grnd.gold being held today- there is only about 600 million ozs. of silver above grnd.Once the world wakes up to the FACTS that silver has a lot more to it than is understood-$ up$
Silver is an …
Silver is an industrial metal. Gold is a monetary metal. Silver outperforms during economic expansion. Gold outperforms in contraction.
We are in a contraction because of too much spending and not enough production. Obama has expanded deficit spending and proposes to burden production with socialized medicine, carbon taxes and restrictions, and raising taxes (letting tax cuts expire). Plus Baby Boomers are retiring. The economy will continue to lag and Ag:Au will likely become more extreme.
Free trade does …
Free trade does make countries better off, but it does not impact people in those countries evenly. This has become increasingly true now that we can produce more goods than we can consume. Free trade forces low skill labor to compete with one another and puts more power in the hands of those with capital as the develop world moves towards Oligopolies.
It allows corporations to circumvent minimum wage laws and benefits, pollution standards, and a f*cked up tort system in the US.
Or less than 1/2% …
Or less than 1/2% of the food consumed in the US.
Some people say …
Some people say that silver is the way to go, because they think that it’s going to return to it’s 16:1 state, compared to it’s current 62:1. Is this probable?
As long as we ship …
As long as we ship work out of the US, We won’t recover. This free trade , open market thing is a bullcrap. We need to protect jobs here . That World trade organization is full of bullshit , it only benefits the Rich.
name calling? yes i …
name calling? yes i use google like everyone else in the world. i have not written a university white paper about who our top three importers of food and what type of food they import. i know that our produce comes from Latin america (no i did not have to google that one), regardless if it just frozen food, shrimp, tuna, crawfish, etc., it is still our third largest importer of food and over 2 million metric tons is nothing to sniff at, even if you get butt hurt admitting that I was right.
Nice 30 second …
Nice 30 second google, liver lips.
Go back and read my response. We import SEAFOOD and PROCESSED FOODS from China. The majority of our food imports from China are seafood, which really comes from the Pacific ocean caught by their 30 cents per hour slave labor.
Your fruit, vegatables, meat and dairy don’t come China. But watch out for that baby formula or apple juice from concentrate. Apparently, you’ve been drinking too much of the former.
Well I can tell you …
Well I can tell you this Sir it wont take another 90 years to lose the next 95% of the remaining 5% of the usd
We had 4 bubbles savings and loans crisis, dot com, housing, stimulus . Each one has ended in crisis faster then the last . It took 8 years for housing to pop. The stimulus will not take as long.
We’ll they are propping it up by a .25 interest rate , put that at 5 or 10% rate . Lower rate is forcing people to get rid of dollars to buy ets with higher returns. US Dollar down 13%
hu-a-duh, you’re …
hu-a-duh, you’re right, i’m not smart, haha. per Geoffrey S. Becker, a Specialist in Agricultural Policy, for the Congressional Research Service report to Congress on September 26, 2008, U.S. imports of Chinese agricultural and seafood products increased roughly
fourfold, from 433,000 metric tons (MT) to2.1 million MT in 2007 alone. China is the 3rd largest source of U.S. agricultural and seafood imports. ha-a-duh i can add 2 two and 2, ho-duh, i’m going to put my helmet on now to ride my bike
man, that collar …
man, that collar looks uncomfortable
and now the same …
and now the same unions that drove GM out of business get a majority stake in new GM… at the expense of secured creditors.
China and Japan’s …
China and Japan’s strategy of subsidizes exports at the expense of their local currency’s strength rests on the umption that American consumers will buy more Chinese or Japanese goods than will domestic consumers. As American consumers spend less, that umption becomes less valid. It becomes more likely that China and/or Japan will strengthen their currency, rather than betting on a depressed American consumer economy. (Refer to Schiff’s explanation of why America is the global “caboose”.)
No, you are not …
No, you are not smart enough to put 2 and 2 together.
America does not import VAST amounts of food FROM China. Like all of their exports, their exports are based on SLAVE labor such as seafood and processed food.
Besides, like Japan before them, their exports are based on pegging their currency to the US dollar at artificially low rates to encourage domestic job growth. It’s like paying companies to make things domestically instead of taxing them to do so, Obama is an idiot.
Funny you should …
Funny you should mention that ChroNick, I’m no expert on the Japanese economy or politics but what little I have been able to learn led me to believe that the parties there are like you say.
I’m a big Peter Schiff fan and my opinion of him is unchanged but learning more about Japan can’t hurt.
In a certain …
In a certain context, your brother is correct. The EI fund registers massive surpluses, but this fund is, for accounting purposes, part of the gov’t general revenues. It has been used to offset deficits ever since. The EI fund has been pillaged time and time again. Canada’s AG has addressed this each year and every gov’t has rejected the criticism. Unfunded liabilities is what the gov’t is obligated to provide in program spending in the future. Pensions, healthcare, etc costs in the future.
Great way to take …
Great way to take us into a mega depression! Keep taking your communist classes.
good video!
good video!
Sorry Pete. I’m …
Sorry Pete. I’m gonna have to disagree with you on Japan issue. I’m half Japanese and I’ve lived here in Japan for a long time. I think the reality is, the DP is no different from the LDP. A lot of the LDP members have switched parties, and they just fight on camera like the Republicans and Democrats in America, but fundamentally, they both like deficit spending, and interfering with the market.
The data that we …
The data that we are not seeing is “who” are the people who are buying the cars and the houses under these programs.
I suggest the Peter Schiff is correct… there are many people who purchased these big tickets items, and now have debt or more debt than prior to the purchase. Big, big problem coming.
This is all being done intentionally.
Many, many things happening all at once.
What we need is …
What we need is higher wages, cut the military budget in order to create jobs. Cut Aid of for Israel and Honduras. By cutting this we can create more jobs. Make public transportation free for everyone. Especially the trains. Single Payer Health care plan. More taxation on Rich people to distribute to the poorest. More rent control building that are built for Rich people. Also why not take wall street bonuses and collect intest on them and give them to homeless shelters. Build homes for batteredw
@bearmare: As far …
@bearmare: As far as I understood, the EI fund was pillaged a while ago. My brother owns his own business and is usually right on this sort of thing. I’m interested in where you got the unfunded liabilities info as I thought our external debt, while not great, is a pittance in comparison to the US. (population dif considered) If you want to message me links I’d appreciate it.
GM wa slosing money …
GM wa slosing money selling cars because of its pathetic unionized structure where workers were overpaid and non-workers were overpaid. Along with emissions added over 30 years. The state of the company went from good pathetic is horrific because they cycled cahs through other non unionized nov gov regulated to death “industries” and made money through them to pay back stock holders.
The government bankrupted GM by causing boom bust of the stock market.
Schiff the banking …
Schiff the banking and auto companies did go bankrupt because of not paying back loans. They couldn’t pay them because of/union enforced fascism that forced banks to give loans to people who couldn’t pay them back. We did not have so much debt “privately” we couldn’t pay it back. The problem is socislism and unions jacking wages up WAY above their market level, unproductive and huge out the “benefits”, and then paying people to retie at 50 and not work.
GM was a care subsider.
Schiff government ” …
Schiff government “money” is private “money” Government has nothing but a monetary cartel and criminally insane dipsahits running it and us into the ground.
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