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First recorded activity by BoatBanter: Oct 2010
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China downgrades US debt
On Thu, 04 Aug 2011 12:14:59 -0600, Canuck57
wrote:
On 03/08/2011 11:46 PM, wrote:
On Wed, 03 Aug 2011 23:18:31 -0600,
wrote:
On 03/08/2011 8:20 PM, wf3h wrote:
On Wed, 03 Aug 2011 09:07:14 -0600,
wrote:
Not only has China reduced the US credit rating, they have reduced their
holdings of US debt. Once as high as $2.1 trillion, now only $1.15
trillion as everyone knows, USD is experiencing Bernanke currency fraud.
No one buys US treasuries any more, Bernanke prints it.
The Bernake doctrine of inflation causing unemployment:
inflation is running at about 3%. IOW canuck doesnt know what he's
talking about
First, no one believes the governments own bull**** numbers.
An interesting chart suggests gold tracks debt, debt limit and inflation....
http://www.telegraph.co.uk/finance/p...-year-end.html
If you use a government inflation calc, it does not take long to see
their numbers are pure bull****.
The very debt incurred causes the depression.
Maybe you should buy some gold from Beck. Oh wait, you don't have any
money.
Already have lots of precious metals. Over weight in them actually.
Doing OK compared to most as I am 50% in cash and the rest is oil,
precious metals and the like. Just waiting for a bottom in a month or
so and get more stocks check from panicking liberal losers.
Gold was up at new hihs again today before a light pullback. Sure beats
owning Obama bull**** and DC debt.
Bull. The only precious metals you have are in your mouth unless
you've pulled your teeth by now to pay for cheap beer.
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