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  1. #76
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    Click here to enlarge Originally Posted by yage202 Click here to enlarge
    Contrary to popular opinion, Gold is not the answer. The price has gone nowhere since the last crisis. It is manipulated like every other asset class.
    Didn't realize paper money was an "asset". Also didn't know it was popular opinion we should go back to the gold standard, nor did I say we should, simply stated we would be the wealthiest nation in the world....stilll....http://en.wikipedia.org/wiki/Gold_reserve

    Click here to enlarge Originally Posted by yage202 Click here to enlarge
    Government default is not equivalent to stimulus packages. The failure modes of these efforts are vastly different.
    You make ZERO sense...not exactly what you're trying to say but....

    Government bailout is not equivalent to stimulus packages...obviously it's not, the last real economic stimulus package was passed by George W. Bush, and I believe you are thinking of the "stimulus" or as I call it, "payback bill" Obama passed which WAS NOT stimulus. Why you are pointing out this is different than Government default is beyond me, but no one said it wasn't.
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  2. #77
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    Click here to enlarge Originally Posted by yage202 Click here to enlarge
    Government default is not equivalent to stimulus packages. The failure modes of these efforts are vastly different.
    True but I still don't trust the people pushing this.

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  3. #78
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    Click here to enlarge Originally Posted by mjmarovi Click here to enlarge
    Didn't realize paper money was an "asset"
    It is the most liquid asset available.

    Click here to enlarge Originally Posted by mjmarovi Click here to enlarge
    Also didn't know it was popular opinion we should go back to the gold standard
    It is popular understanding (not necessarily correct) that the gold standard would fix US economic ills. Globalization of economic systems negates this to a great extent.

    Why you are pointing out this is different than Government default is beyond me, but no one said it wasn't.
    I was responding to Sticky!

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