Ron Paul: We're Broke and Already Over Fiscal Cliff

[mokmokv2]

You do realize gold is finite right?

All the more reason why one should acquire it physically.

GOLD IS MONEY

And anyone who tells you it is not is either trying to deceive you or is clueless about the subject.

On the other hand silver has way more potential upside. And far cheaper 50-1 valuation ratio.

[Ta Khent]

All the more reason why one should acquire it physically.

GOLD IS MONEY

And anyone who tells you it is not is either trying to deceive you or is clueless about the subject.

On the other hand silver has way more potential upside. And far cheaper 50-1 valuation ratio.

Are you suggesting that the US should return to the Gold Standard?

[mokmokv2]

Are you suggesting that the US should return to the Gold Standard?

Nope. That would entail huge austerity on the country's fiscal policy which would probably lead into a huge depression in the short term as the US already has 16 trillion in debt (not counting the unfunded liabilities).

I'm suggesting that as a citizen, it must be their priority to physically acquire precious metals in times of economic uncertainty. It's a very good hedge against Central Banks trying to blow your country's economy to bits.

Gold IS REAL MONEY.

[mokmokv2]

The US at this time cannot go back to the gold standard because the country is heavily in debt.

The gold standard operates as a check and balance against government overspending and borrowing since the the penultimate premium in this system is SAVINGS AND PRODUCTION. The Americans have little to no savings with zero interest rate and we all know the US is no longer the MANUFACTURING GIANT it once was. With 16 trillion dollars in debt, some analysts are saying a 50 percent cut in spending and government bureaucracy will have to be implemented.

This is like a terminally ill patient taking a dose of hard medicine and then the medicine ends up killing the patient.

Also China has been massively buying gold the last few years because they intend to be the next RESERVE CURRENCY. And they have basically siphoned manufacturing from the US.

Don't be part of the clueless sheeple who will become rabble pretty soon. Start amassing physical gold (silver is preferable), guns and food. Most importantly go back to God and strengthen your FAITH.

[ILLuminato]

Time to leave this country pretty soon.

[mokmokv2]

Time to leave this country pretty soon.

It's funny you said that.

One analyst in his lecture said that Americans should start pump and dumping their assets and move over to the countries of South America. That Americans should just grab all the money they can, divert those same assets into hedges (gold, food, real assets, guns, etc) because the global financial system as it is can no longer be fixed and ultimately when the BOMBS go off it's best to be far away isolated and stocked up on supplies free of RADIATION.

Most people are clueless on what's coming. Some even given the info at hand persists on sleeping. Unfortunately the only true safe haven is in FAITH. Economies are being collapsed all over the world in order to pave the way for the emergence of a GLOBAL CURRENCY which will be headed by the antichrist who will emerge very SOON.

[mokmokv2]

Latest news!!!

US fed reserve just announced an additional 45 billion money printing MONTHLY on top of the existing 40 billion monthly money printing.

Squeel and the clueless dudes will get a shock when this hits.

This thing looks like its heading for Zimbabwe. Prepare.

[squealpiggy]

Latest news!!!

US fed reserve just announced an additional 45 billion money printing MONTHLY on top of the existing 40 billion monthly money printing.

Squeel and the clueless dudes will get a shock when this hits.

This thing looks like its heading for Zimbabwe. Prepare.

Explain why it's "heading for Zimbabwe". In detail please.