When times get harder, sell grandads gold watch.

[Jeffersons Ghost]

That way, some wealthy individual can buy your heirloom for under market value and pay you with monopoly money. US currency is not backed up by gold or anything else of REAL value. And it is losing its buying power everyday. And it will continue to lose buying power until the top 3% of wealth-holders own ALL the true valuables and real estate, especially the farm lands. Once they totally control the food and fuel, we can find out how it feels to live on the streets and beg them to hire us for Chinese-like wages, equivalent to about a dollar a day.

If your smart, convert whatever assets you have into gold, but don't expect to be able to buy it at the exchange rate that the wealthy enjoy.

All the true wealth in this country is being rapidly used up for defense, while politicians tell us "entitlements" are the worst economic problem facing America. We must allow them to fix this entitlement problem so that the sick and elderly can die more quickly. They can't work hard enough to satisfy the elite.

Their bought out news media talks about debt-deficit and inflation, while their puppet politicians on both sides of the isle pass laws that benefit only the ultra-wealthy. These laws will eventually insure that the top 3% of wealth-holders control everything, especially ALL of our lives.

[PBS Poll-435]

1. When did 1% move on to 2% and now 3%?

Confused.

[Jeffersons Ghost]

4. I know what you mean. Economics are FAR too confussing for a sheep like me.

[PBS Poll-435]

5. I didn't say you were confused

I said I was.

10 years ago it was the "top 1%". 2 months ago it was the "top 2%".

Now it is the "top 3%"?



HellifIknow.

[Jeffersons Ghost]

6. I guess it's like our economy, a TV numbers joke on us peasants.

[valerief]

2. "Used up for defense" means redistributed to the powerful and elite, right? nt

[Jeffersons Ghost]

3. right, but only the most powerful of the elite, until they unempower their less fortunate buddies...

at the ultra exclusive country clubs.

[Warren DeMontague]

7. Gold has "Real" Value? Why? You can't eat it.

Gold has "Real" value because enough people say it does.

[Jeffersons Ghost]

8. It shines. People like glitter and gleam.

[Warren DeMontague]

17. People also like the satisfying feel of green pieces of paper.

The rabbit hole of "real" worth goes pretty far down.

[Vickers]

9. Gold? Fuck that. Stock up on

-ammo
-whiskey
-vitamins
-dental floss

[Jeffersons Ghost]

10. and ducks... you can eat duck-eggs. Morphine in your own prescription bottle is important.

[JVS]

11. "If your smart, convert whatever assets you have into gold"

Don't do this. Gold is currently very high.

[Jeffersons Ghost]

12. which means US currency is very low in value, right?

[JVS]

13. Gold is expensive, no matter which currency you use to get it.

Gold is a bubble waiting to pop

[Jeffersons Ghost]

14. why do you say that? Is it because less important millionaires are investing in it?

[JVS]

15. "Is it because less important millionaires are investing in it?

are they?

I'm saying it because the price has gone from 400 to 1400 and they're advertising on the fucking TV.

This tells me that a) the time to buy low has past, b) the price has been driven up, c) someone is looking for suckers to buy it.

[Jeffersons Ghost]

16. that sounds about right

[Pathwalker]

18. Will you be my Grandpa? Can I haz yer watch?

pleez?

[Jeffersons Ghost]

19. No, and I want my watch back!

[Pathwalker]

21. Grandpa, I don't haz yer watch. Where'd you put it this time?

:rofl:

[pitohui]

20. must be nice to have had a rich grandad

a gold watch? please, you must be joking

no one in my family has ever owned such a thing...