All Forum Posts by: Account Closed

Originally posted by Tim Wieneke:

Originally posted by Matty M:

As Tim has stated before, this can be a boon for our business. I definitely see it that way.

Wealth is very important, but some things are more important. I'm going to make huge donations from my wealth begat from liberal market mismanagement to promote true conservatism.

Tim I will be right there with you! Well close. I will be promoting true libertarianism. Probably very close to your views economically, but liberal views socially. The closest to the views of our founding fathers to be exact; as compared against modern liberalism and modern conservatism. I think we'll be aligned for the most part! My point is true change isn't going to happen with a central banking cartel running things, regardless of Obama, Clinton, or Mccain, or Bush, or even Reagan in place.

Originally posted by Harrison Painter:

While everybody else is complaining, and others are cheering, we will be working at ways to make business happen!

The next generation of wealth will be created out of this cycle.

So keep your eyes wide open and look for those unique opportunities!!!!

I second that. As Tim has stated before, this can be a boon for our business. I definitely see it that way. Just as I see having a central banking cartel running things as an opportunity now that I better understand it.

Complaining isn't going to do much. Until the public is educated enough to dismantle the fed it doesn't matter who the president is, unless it's someone like Ron Paul.

Hang on. It's going to be a fun ride!

Originally posted by Harrison Painter:

You could create a forum, or app, were you could collect the best feedback possible. Then compile a list of companies that would be "BP Certified".

I love it!
I think it can start as a forum that requires the posts to be in a certain formatt. Then turn into an app. The faster we get the content the better imo. But I can see why it can take time to figure out the best implementation, too.

A few movie studios have confirmed on moving in. I read Granholm is strongly pushing to be the leader in alternative energy: Enticing those companies with strong incentives to move in. Some companies that serve the big three are retooling to serve other industries, even aerospace. All this seems small compared to the impact the big three has on the area. Very small in terms of jobs gained versus jobs lost. But it does suggest there is hope waaay down the road. I grew up there. Well, wait; I never grew up! But I will be there this weekend visiting family, looking, and making embarrassingly low cash offers.

Originally posted by Dave Kennedy:

How did you get that number of 67% and what is "real value"? I'm not challenging your statement I'd like to learn what it means and see how you can derive those numbers.

It's ok if you are challenging that statement. The link I provided has the charts and methodology used to derive those numbers and how the author defines "real value." The author could be wrong. It makes sense to me. It is possible different views here will show me where I am missing something. Here it is again.

http://goldsilver.com/newsletters/newsID/3600/

Originally posted by Don Levy:

It is now lower than anytime since October 2002.

I think it's got a long way to go. In 1999 the dow had 67% more real value than when it hit its all time high in 2006.This plunge is inevitable, even if we had someone awesome like Ron Paul running things and removing the central banking fed/fiat system.

Michael Malony - one of the rich dad authors - did a good job of charting it out here.

http://goldsilver.com/newsletters/newsID/3600/

Today he mentioned he's predicting another little spike over the next few weeks then kerplunk. He does have a vested interest in scaring us into buying gold and silver through his website. But the data seems solid to me nonetheless.

Originally posted by Harrison Painter:

Thanks Matty....I will pick that one up too!

You're welcome! I enjoyed the book. I like that the author, Michael Maloney, is pro real estate, too.

Rich Dad's Guide to Investing in Gold and Silver. It's mostly a repeat of The Creature from Jekyll Island. Tons of stuff about the fed, fiat money and the history of what happens in fiat systems. Then there are actually one or two chapters about investing in gold and silver :)

Originally posted by Harrison Painter:

Nothing was said about our ability to go back to a gold standard, just a mistake that we went away from it.

Central banks absolutely hate the gold standard. There is no inflation on it to profit from. 200 years ago you could buy a top of the line suit for 3 ounces of gold. Same with the equivalent of a top of the line suit 1500 year ago. Today, you can buy a top of the line suit for 3 ounces of gold.

The article I read was not saying that nations willingly go back to a gold standard when their fiat money gets out of control. The article was stating that gold always forces a fiat currency's hand, whether the nation wants it to or not. And that it has always been that way. If we are going to be different this time hats off to us.

Originally posted by Jon Holdman:

Say all you want about what the economy would be like if it were backed by gold or something else. Its not, neither here nor anywhere else.

I was reading yesterday the reason the U.S historically has not hyper inflated up to this point is that whenever our fiat money has gotten out of control it ultimately gets reset or backed by gold. Now with the entire western world running fiat, it will be interesting to see what happens if we all reset back to gold. I've read that over the last 3000 years currency always resets back to gold. This time it's going to be different? Brings a whole new picture to that saying about swimming naked when the tide goes out.