Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 10, 2012 2:36:33 GMT -5
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Post by frankq on Jul 10, 2012 6:46:37 GMT -5
Wow! Who would have thought the buying power of a dollar would have changed in 240 years! Damning evidence for sure. I think though, that we might not have had an actual dollar until sometime later than you say..... Various British imposed restrictions on the colonial paper currencies were in place until being outlawed. In 1775, when the colonists were preparing to go to war with the British, the Continental Congress introduced the Continental currency. However, the currency did not last long as there was insufficient financial backing and the notes were easily counterfeited. www.advfn.com/currencies/usd/about/USDollar.html Congress then chartered the first national bank in Philadelphia - the Bank of North America - to help with the government's finances. The dollar was chosen to become the monetary unit for the USA in 1785. The Coinage Act of 1792 helped put together an organised monetary system that introduced coinage in gold, silver, and copper. Paper notes or greenbacks were introduced into the system in 1861 to help finance the Civil War. The paper notes used several different techniques including a Treasury seal and engraved signatures to help diminish counterfeiting. In 1863, Congress put together the national banking system that granted the US Treasury permission to oversee the issuance of National Bank notes. This gave national banks the power to distribute money and to purchase US bonds more easily whilst still being regulated. So, if I read Decoy right, the U.S. has been in decline since, well, before it's inception.
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Post by frankq on Jul 10, 2012 6:50:46 GMT -5
"Well, I'll keep you guys around. Because if a meteor strikes the US and the only things left are a giant smoking crater and several million giant irradiated cockroaches, you two will be the only two men left alive insisting that things are better than ever, cockroach milk is the bright future of the US economy, and "we recovered from the 1980's recession; we'll recover from this".
Neither of us has said things are better than ever Virg. Lets concentrate on reality here. But the fact of the matter is, we're still waiting for some of the dire "prophacies" to come true......
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Virgil Showlion
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Post by Virgil Showlion on Jul 10, 2012 7:59:39 GMT -5
As I say, most of Decoy's prophecies are post-collapse. And, like me, he underestimated the magnitude of "million bajillion" in assessing the US's inevitable collapse under her debt burden. You gentlemen had better get over to P&M. The consensus over there vis a vis a currency collapse is shifting from "possible" to "likely" with the latest crop of economic data. They need a 10 cc injection of puppies and rainbows, stat!
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Driftr
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Post by Driftr on Jul 10, 2012 8:38:15 GMT -5
If we run out of puppies and rainbows, a nice unicorn crapping skittles should do the trick.
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decoy409
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Post by decoy409 on Jul 10, 2012 10:11:17 GMT -5
Yes we did call that as to gold and the never below 1500 again. And so far,so good! And that would be for well over the past year. Now when the remainder catch on as to that LARGE short,covering paper hat credits,you certainly will,not if,SEE,a major price exposion in the old metals being that of slv & gld. June 11,2012 - MEDIA ALERT: Suntron and ZeeVee Celebrate Reshoring of Manufacturing Jobs www.marketwire.com/press-release/media-alert-suntron-and-zeevee-celebrate-reshoring-of-manufacturing-jobs-1667822.htmWell that's 20 jobs! Party! Party! Let's see,225,000 minus 20 = WAY NOT ENOUGH June 2012 US TECH content.yudu.com/A1wk77/U.S.TECHJUN2012/resources/32.htmBy the way,the casino is going the wrong way again away from 13,200 plus.
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Post by frankq on Jul 10, 2012 17:16:20 GMT -5
"As I say, most of Decoy's prophecies are post-collapse."
Actually, it seems most of Decoy's prophacies have little to do with finance. As far as collapse, not going to happen. As we see in Greece, better to "retire" some debt than to collect nothing at all. The U.S., like many nations, is a far better bet because we don't have socialized retirement at age 50 and we actually produce stuff. I stated that some degree of debt forgiveness was a big possibility last year. How "prophetic". The world is in the business of doing business. It is in no nations interest to see a global collapse. And since basically everyone's in the same boat, we'll all bail water until we reach a solution equitable to all. That's the bet I'm making. You guys are free to run for the hills if you wish.
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Post by frankq on Jul 10, 2012 17:21:36 GMT -5
"Yes we did call that as to gold and the never below 1500 again. And so far,so good! And that would be for well over the past year."
For well over the past year, gold has been dead. For those that bought at $1950, well ............
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Post by jarhead1976 on Jul 10, 2012 18:22:27 GMT -5
As we watch Europe unravel, I can remember talking to bimetal about Germany .
If I remember correctly as Europe got the euro , Germany walked off with all the gold. Any chance that has anything to do with with Germany's domination in Europe. Just a thought!
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texasredneck
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Post by texasredneck on Jul 10, 2012 18:34:32 GMT -5
Don't know about their domination being caused by gold, but the envy of their position sure causes all the dead bets to want a hand out.
Give them something today and they will be back for more tomorrow.
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decoy409
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Post by decoy409 on Jul 10, 2012 19:41:18 GMT -5
How sad to be such misfits. That's 20 jobs created ham,that's it! Not like there was 23 jobs 0r 123. If that is what you call manufacturing coming back and don't even follow up on things before you post them,well it's a no wonder your mixed up. As far as frank q. goes,simply not worth wasting breathe with. And frank q.,nice of you to delete your call of 13,200 and going higher as to the casino and we are still waiting for your drop of 900 and lower in gold,that you also deleated. Of course that deletion comes prior to starting your thread here. You be good now and keep us entertained!
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Virgil Showlion
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Post by Virgil Showlion on Jul 10, 2012 20:21:43 GMT -5
They have a (roughly) $200 B problem to deal with, and Germany as a "bailout buddy".
The US has a $16 trillion ($23 trillion if you include Freddie/Fannie) problem (soon to be a $25 T, $30 T, $50 T problem?) and you're the biggest kid on the block.
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texasredneck
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Post by texasredneck on Jul 10, 2012 21:54:09 GMT -5
Virgil we are counting on Canada as a "bailout buddy". You have always had our back.
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Virgil Showlion
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Post by Virgil Showlion on Jul 10, 2012 22:38:19 GMT -5
I'm afraid that will be like a petite female lifeguard weighing 80 pounds soaking wet attempting to rescue a drowning, panicking 6'10" 800 lb silverback gorilla, at night, in the middle of a riptide.
It doesn't end well. :-\
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texasredneck
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Post by texasredneck on Jul 11, 2012 5:56:11 GMT -5
Virgil First time I have laughed in weeks. Have a good day.
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Post by frankq on Jul 11, 2012 6:42:19 GMT -5
"As far as frank q. goes,simply not worth wasting breathe with.
And frank q.,nice of you to delete your call of 13,200 and going higher as to the casino and we are still waiting for your drop of 900 and lower in gold,that you also deleated.
Of course that deletion comes prior to starting your thread here."
Decoy, I really don't know what you are talking about as far as a market call and have deleted nothing. Yes, I felt and still feel that the market will exceed 13,200 for the year easily. The fact is, I don't invest in Index Funds. My investments are broad market based. My major holdings are T, JNJ, GE, EXC and MRK with some BOA bought at 6 bucks. I sold my position in CHKM months ago. All of my stocks are at levels substantially higher than my buy price and the dividends are excellent. (excluding BOA) Please stop making false statements. As always, I have pre-programmed stops in place. I have been more transparent in my market moves than just about anyone out here. I have stated when I'm in as well as the times I thought it better to be out. I have also been very specific regarding stocks. I have stated my view in Virgil's post as well regarding the markets. Just so you know, DOW is up 4% for the year, S&P about 7% and Nasdaq about 11%. The broad market YTD return is 7.3%. As far as gold, the 900 number is based ON YOUR ESTIMATED PRICE ON THE DEFINITION OF A GOLD PLUNGE as YOU stated in your gold thread.
Now stop saying the same stupid nonsense and go away. Better yet, post some new "prophecies" for us. That has been more entertaining.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 12, 2012 15:32:22 GMT -5
Yes we did call that as to gold and the never below 1500 again. And so far,so good! And that would be for well over the past year. Just so we have it on permanent record. And 20 would be more than none. Regardless of how few I presented, it still makes me 20x more right than you... ;D
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
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Post by Aman A.K.A. Ahamburger on Jul 12, 2012 15:36:46 GMT -5
Wow! Who would have thought the buying power of a dollar would have changed in 240 years! Damning evidence for sure. I think though, that we might not have had an actual dollar until sometime later than you say..... Various British imposed restrictions on the colonial paper currencies were in place until being outlawed. In 1775, when the colonists were preparing to go to war with the British, the Continental Congress introduced the Continental currency. However, the currency did not last long as there was insufficient financial backing and the notes were easily counterfeited. www.advfn.com/currencies/usd/about/USDollar.html Congress then chartered the first national bank in Philadelphia - the Bank of North America - to help with the government's finances. The dollar was chosen to become the monetary unit for the USA in 1785. The Coinage Act of 1792 helped put together an organised monetary system that introduced coinage in gold, silver, and copper. Paper notes or greenbacks were introduced into the system in 1861 to help finance the Civil War. The paper notes used several different techniques including a Treasury seal and engraved signatures to help diminish counterfeiting. In 1863, Congress put together the national banking system that granted the US Treasury permission to oversee the issuance of National Bank notes. This gave national banks the power to distribute money and to purchase US bonds more easily whilst still being regulated. So, if I read Decoy right, the U.S. has been in decline since, well, before it's inception. This is freaking great Q, couldn't have said it better myself... You were talking about music at one point.. I know of a small indie band, it's a bit heavy but all these songs are pretty damn good. Make sure you listen to Sappy Sativa, the song and lyrics were wrote about ten years ago.. ;D www.reverbnation.com/spadetheshovelhead
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Post by frankq on Jul 12, 2012 22:18:32 GMT -5
I'm on it aham!!
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 12, 2012 23:37:57 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 16, 2012 0:41:50 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 20, 2012 0:38:17 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 21, 2012 21:15:46 GMT -5
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Post by jarhead1976 on Jul 25, 2012 7:58:12 GMT -5
At least we know they are trying to get it cleaned up. Nuclear fuel rods removed from Japan's Fukushima plant www.newscientist.com/article/dn22084-nuclear-fuel-rods-removed-from-japans-fukushima-plant.html?DCMP=OTC-rss&nsref=energy-fuels[/From your above posted article Aham. This is good news ? If you look closer you will see that the rods being removed are ones never used. "The amount of caesium-137 in the fuel in the pools is equivalent to 5000 times the amount that was spread by the Hiroshima atomic bomb," says Koide. "The government has said that the amount of radioactivity released by the three affected reactors following [last year's disaster] was 168 times that of Hiroshima, so it is clear that we would be looking at a considerably worse outcome should the [reactor number 4] structure be compromised."
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 26, 2012 2:14:42 GMT -5
At this point sir, I think it's more about relativity.. This is a terrible situation and any progress on getting it clean up is good. It's also flying in the face of the alarmist doom and gloomers that are trying to claim they aren't doing anything to clean it up. This is also going on, which is something the doomers don't want you to know about. Sandia Labs technology used in Fukushima cleanup phys.org/news/2012-05-sandia-labs-technology-fukushima-cleanup.html
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Aug 7, 2012 0:47:02 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Aug 15, 2012 1:46:37 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Aug 15, 2012 15:54:13 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Aug 25, 2012 23:14:21 GMT -5
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Aug 27, 2012 16:01:45 GMT -5
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