Economic Collapse in September?

321 Gold.com ^ | May 19th, 2008

[Perdogg]

A rumor is swirling around the Internet that an inglorious end to the U.S. economy is imminent. Unlike previous rumors to this effect, this one carries the weight of recent events in the financial realm and has many believing the rumor will come to pass.

Let's examine some of the claims being made: On March 18, 2008, a "closed door" session of Congress was held for only the fourth time in history. According to House Rule XVII, clause 9, it is forbidden for members of the U.S. House of Representatives to reveal the discussions held behind those doors. The penalty for leaking such information includes loss of seniority, fines, reprimand, censure or expulsion. According to news sources, one purpose of the meetings was to discuss new surveillance techniques to be used by U.S. Homeland Security. Rumors continue to swirl as to what the other topics of discussion took place in that meeting.

[ovrtaxt]

Yeah, the elitist broads? lol

[netmilsmom]

I think you would do justice to a Mohawk!

(You have that Thunderdome look about you)

[ovrtaxt]

Yeah, some war paint and football pads? Sawed off shotty and a Bowie knife...

Bring on the financial crisis! I’ll be stylin. How do you look in Ug boots with a crossbow? We can pillage the poor desert dwellers and eat dog food, yum!

[netmilsmom]

>>How do you look in Ug boots with a crossbow? We can pillage the poor desert dwellers and eat dog food, yum!<<

I could pull that off. I would have to wear my Sarah Palin glasses though and I only have a minivan. Could I hitch a ride?

You know, Mighty Dog is pure beef.

[grey_whiskers]

The problem for the Dems is, the *required* reforms will put a huge dent in their Danegeld to the inner city minority populations, including funding for, ahem, "community organizers" aka ACORN vote-fraud schemes.

If Dems are limited to one vote per living, valid, registered voter, their national power base will implode within microseconds.

And then (if we had any balls) we would send most of them to Leavenworth.

[Quix]

Thanks for the pings.

[ovrtaxt]

Sounds like a plan, you could get your kids in the mini van and give em boomerangs. (I’m assuming you have kids, since ‘mom’ is in your name)

[grey_whiskers]

"ONNTSA" ??

I've tried and tried, and just can't get "NO ONE EXPECTS THE SPANISH INQUISITION" from it...?

Cheers!

[perez24]

The only gold I own is on my left ring finger.

I was being sarcastic. I detest the gold commercials that run regardless of the economy.

[netmilsmom]

Why yes!

They’d look pretty kicky in some skins and feathers too.
I can train them in the monkey sounds.

Is it a problem that they have good teeth?

[ovrtaxt]

good teeth lol! Get em some of these:

[netmilsmom]

That fourth set looks like the Gyro Captain’s teeth in Mad Max. They were fixed by Road Warrior, I think.

[PAR35]

Rumors continue to swirl as to what the other topics of discussion took place in that meeting.

The session was about UFOs and ETs.

[devere]

Do to the high price of aluminum I sold all my tinfoil hats for a big profit. So I guess this article isn’t for me.

[Lucius Cornelius Sulla]

You can actually use silver coins.

If there were any. IMHO all the coins with silver were pulled out of circulation when the current pseudo silver coins started circulating.

[Kozak]

Not if the scenario is hyperinflation. Then the thing to do is pile up as much debt as you can now, before the dollar inflates like the Reichsmark....

[ovrtaxt]

You can get them. They sell them by weight I think. You can also get American Eagles, Maple Leafs, other bullion coins.

[niteowl77]

The problem for the Dems is, the *required* reforms will put a huge dent in their Danegeld to the inner city minority populations, including funding for, ahem, "community organizers" aka ACORN vote-fraud schemes.

Very well put.

Mr. niteowl77

[LS]

Ok, that's fine. So you are agreeing with me that it is not a traditional "investment," in which an asset actually increases OTHER value, but a speculation, no different than real estate, bonds, or stocks. You could accomplish the same thing by clever short selling in the stock market.

So I'm still looking for a reason to actually hold gold as an investment---not a speculation.

[ovrtaxt]

Well, you’re talking to a Forex guy, so I’m into speculation. Any way you want to look at it, you can make money.

Paulsen has chosen to go the hyperinflation route, so an ounce of silver is going to be worth a whole lot of dollars. It’s only a matter of time, and that’s the only factor in the speculation- WHEN is the payoff going to come.