Watch a video on Ron Paul's statements on the "Mother of all Bailouts" on the Housing Bill, Bernanke & the Fed printing more fiat Money only weakening of the US dollar and our purchasing power.



Add another 800 BILLION to our national debt...



I read a quote on the internet that I thought fit pretty well; "Adjusting interest rates is just like applying a band aid to the economy. Leave them alone and let the economy adjust to the interest rates."

I'll agree with that. Bernanke & the fed need to have limited power. The problem is, Bernanke will keep pumping out money till the presses break down and our dollar is weaker than ever. Let the market correct itself. We are heading for disaster and yes, if you are saving your money, the fed pumping out more money does not help you.

If you had $10,000 saved in 2001, you have $6,666 dollars today because of the Fed (give or take 5%).

So my question to everyone is, what are you doing with your dollars to protect yourself against our failing dollar?

  • Oil ETFs?
  • Gold?
  • Silver?
  • Platinum?
  • Swiss Franc?
  • Japanese Yen?
  • Commodities?
  • Bonds?
  • US Stock Market?
  • Foreign Markets?
  • Real Estate?
  • Other?
 
Post is included in group: The Economics of Real Estate

2 Comments on National Debt... Add Another 800 Billion

AUG
10
2008
129,146 Points 3 Featured Posts

I am looking at gold and silver.

7:17pm • #1
AUG
12
2008
It's had a brief pullback with oil and the Dow, Gold and Silver should still be strong moving forward as in 09-10 our dollar will still be weak.
3:15pm • #2

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Ryan Trask

Minneapolis, MN

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3plains Web Solutions

Address: 10000 Highway 55, Minneapolis, MN, 55441

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