46 Dollars for lunch? Even in Baracki Inflatodollars...
Posted on 04/24/2011 11:27:22 AM PDT by kiryandil
An EXCELLENT piece on the Federal Reserve, the movie It's A Wonderful Life, and why Ben Bernanke is like Mr. Potter. Will Obama & The Bernank be able to turn America into Pottersville?:
"Glenn Beck Show (April 21st, 2011): You Are Being Robbed"
Short version - 7 minutes 40 seconds:
http://www.youtube.com/watch?v=T0ekDYn9P-M
"April 21st, 2011"
Full version - 39 minutes 27 seconds:
http://www.youtube.com/watch?v=J13EhFN0lDw
I usually wouldn't waste 39 minutes on a Youtube video, but Beck hits a GRAND SLAM with this piece.
Obongo & The Bernank are just like OJ - looking for the REAL suspects after stabbing the US economy to death...
Silver isn’t really going up, the value of the dollar is going down.
When silver was 8 dollars, 1/2 oz bought you a nice lunch. Now with it at 46 a 1/2 oz buys you a nice lunch.
In more ways than one. Obviously, inflation and a devalued dollar, but also savers have earned next to nothing on their savings for years, now. And that's hurt millions of conservative savers such as retired folks who buy bank CDs and bonds, and the cash portion of money market accounts.
Yes and with the thought challenged half of America smiling with glee the whole way.
46 Dollars for lunch? Even in Baracki Inflatodollars...
>>Yes and with the thought challenged half of America
Probably shouldn't tell them about the bats in the bubble...
...the poor bastards will find out soon enough!
1.2 oz is 23 dollars....
Go back and read the post again.
HALF an ounce.
Put out the ping, C.
There are the 15% tresury bonds that mature in 2015. Will the holders get their principle back when due? Will the fed. meet the payroll of the military? Repeal of DSDST could be a disaster for military recuitment and retention. May could tell us a lot.
23 dollars for lunch is still HALF nutz.
Agreed! At least in this country.
Silver and Gold are going up in price in all currencies.
One way of looking at this is that it’s not just the dollar which is crumbling.
But also: Silver and Gold are rising in real buying power - not merely price - just as they have done twice before back in the 20th century. This isn’t unusual - it’s the standard action of supply/demand cycles.
Can you spend gold or silver? Try taking one of your coins and go to the market and pay your bill. All gold or Silver can do is convert back to paper at the current price the worth. If the dollar fails, so do gold and silver. Do I read this right?
Right now Sunday evening silver is up to $47.68, that’s a 41.00 increase from Thursday close on the New York market trading, Sydney is open and soon Hong Kong.
This should be a wild night...
Sorry that was supposed to be 1/2 z..not 1.2...
“Can you spend gold or silver? “
Sure, in Idaho, you can pay your taxes with it, and now in Utah you can legally use Gold and Silver Eagles as tender as long as the two parties agree to do so. Besides, there are lots of people who prefer to deal in silver (I haven’t seen any in gold). In my area there are lots of people who will provide goods and services in exchange for silver. Check for craigslist, under barter. Also, there are “alternative market” websites, where you can look up stores and businesses that take silver. (There are several, again, in my area, I dunno about yours).
So the plain answer is “YES!” and more everyday.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.