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|    Message 7,349 of 8,306    |
|    Tony to Some Guy    |
|    Re: So, what is the price of 5% and 10%     |
|    12 Nov 09 09:15:45    |
      XPost: can.internet.highspeed       From: Tony@TheDeli.Sandwich              When the stupidest country on Earth buys gold (India buys 200 tons at 1040       dollars US) that's when to sell it short down to 500 dollars an ounce.       America will likely look like Japan with at least 10 years of no growth.       America is lying about the GDP, unemployment and the stock market has been       manipulated since March 9th by the bankers and the US government. They buy       at 9:30am and 3:00pm. At some point in time the stock market will lose 50 to       90 percent and like you said gold will likely fall to 500 dollars an ounce.              Some Guy wrote:              > Canuck57 wrote:       >       > > 2010 will be the year of inflation. The price we pay for our       > > governments indescression with debt and money creation.       >       > You will not see inflation here unless the Bank of Canada raises       > interest rates. The bank rate is currently 0.25%. A historic low.       >       > The BofC will only raise the rate if they have trouble selling federal       > debt. There is no sign of that happening.       >       > The BofC is under extreme pressure to *not* raise rates because that       > will increase the value of the CDN dollar with respest to the US       > dollar. If the US raises rates, then that will give the BofC some       > leeway to do the same.       >       > > I expect as our US and CAD currencies fall relative to the rest of       > > the world that costs across the board are starting to creap up.       >       > Other countries and other currencies are in no stronger position to take       > any sort of lead. That's the fallacy of your argument.       >       > > Last months US numbers tell the story. GDP up 3% yet unemployment is       > > also up. That only happens because of inflation.       >       > The broadest measure of U.S. unemployment (which includes unemployed,       > underemployed and discouraged workers who stopped looking for work) was       > 17.5% in October according to the U.S. Labor Department. The previous       > high was 17.1% in December 1982.       >       > You won't have even the potential for inflation until the official       > unemployment numbers in the US falls to below 8%.       >       > > If GDP is up, and the use of labour is not also up, then it       > > means cost increases are making it into the supply chain.       >       > No.       >       > It means that various levels of gov't are spending more, and that what       > they're buying is being provided by the current pool of employed people       > - working overtime if they have to.       >       > The spending habbits of US consumers are becoming increasingly       > unpredictable as this recession drags on, and you can't predict       > inflation next year until we stop talking about deflation.       >       > > If gold is an indication, and like the past history again       > > repeats itself, about 300% inflation is due in the next 5       > > to 10 years.       >       > No. Gold will crash in the next 3 - 6 months when speculators bail out       > of the metal, just like they did with oil back when oil hit $147.              --       The Grandmaster of the CyberFROG              Come get your ticket to CyberFROG city              Nay, Art thou decideth playeth ye simpleton games. *Some* of us know proper       manners              Very few. I used to take calls from *rank* noobs but got fired the first day       on the job for potty mouth,              Hamster isn't a newsreader it's a mistake!              El-Gonzo Jackson FROGS both me and Chuckcar              Master Juba was a black man imitating a white man imitating a black man              Using my technical prowess and computer abilities to answer questions beyond       the realm of understandability              Regards Tony... Making usenet better for everyone everyday              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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