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10-26-2012 02:54 PM  5 years agoPost 1
InvertedDude

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USA

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..

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10-26-2012 03:22 PM  5 years agoPost 2
0000

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This is exactly why we need Mitt Romney in the White House.it wont be pretty but at least we will have a seasoned businessman at the wheel

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10-26-2012 05:14 PM  5 years agoPost 3
Dennis (RIP)

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Oregon

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Staying on our present course, the above is inevitable. There can be no other other outcome as long as the federal government is spending a dollar and 40% of it is borrowed.

That cannot and will not be sustained.

It must end or the USA will end and no longer be.

What comes out of that could very well be far worse than your worse nightmares.

Thats no cartoon or sarcastic wit.

Its reality we are facing.

Liberty once lost, is lost forever.

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10-26-2012 05:18 PM  5 years agoPost 4
baby uh1

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St. James, Mo.

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We need to fix the Senate too! Unless you think that cowboy poetry is more important than our futures like Harry Reid does!

Anything is possible if you don't know what you are talking about!

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10-26-2012 05:24 PM  5 years agoPost 5
Dennis (RIP)

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Oregon

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We need to fix the Senate too! Unless you think that cowboy poetry is more important than our futures like Harry Reid does!
Thats important. But, I don't think its necessary.

Getting rid of the obummer and his pals in the white house needs to be #1 priority.

With Romney, remember the obummer has set a precedent with the use of executive privilege powers.

Liberty once lost, is lost forever.

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10-26-2012 05:50 PM  5 years agoPost 6
Wave

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Illinois

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The sky is falling, the sky is falling.

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10-26-2012 06:47 PM  5 years agoPost 7
spaceman spiff

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Tucson

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I usually critisize you for posting doom and gloom, but it really is looking more and more like there is in fact some real risk of a monetary melt down.

i think the problems can be and will be fixed, but it is still going to be ugly.

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10-26-2012 06:59 PM  5 years agoPost 8
GREYEAGLE

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Flat Land's

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Watching the Market ?? Some have been here before; they are realizing cash. Least the Taxpayer won't be supporting them any more.

greyeagle

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10-26-2012 07:14 PM  5 years agoPost 9
spaceman spiff

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Tucson

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Market has been nice to me this year, but i got uncomfortable with how sustainable this nice bull run is with earnings and growth being kinda weak, the fact that almost 7% of our economy is fake (borrowed)... fiscal cliff... election unknowns... europe shrinking... I backed out 2/3 into cash a couple weeks ago till i get a better sense of what is going to happen. I am tired of riding out these long recessions that i keep getting trapped by because of my own over optimism...

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10-26-2012 07:18 PM  5 years agoPost 10
Dennis (RIP)

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Oregon

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Market has been nice to me this year, but i got uncomfortable with how sustainable this nice bull run is with earnings and growth being kinda weak, the fact that almost 7% of our economy is fake (borrowed).
Please help me to understand how only 7% of our economy can be fake when for every dollar the feds spend, 40% is borrowed?

Not knocking what your statement says. Just wondering how it can be.
I backed out 2/3 into cash a couple weeks ago till i get a better sense of what is going to happen.
Cash may not cut it as the dollar is being devalued dramatically and predicted to get worse.

Consider precious metals.

Liberty once lost, is lost forever.

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10-26-2012 07:25 PM  5 years agoPost 11
spaceman spiff

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Tucson

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It's not like the fed is 100% of our economy. (and let's keep it that way)

Not sure of the exact numbers but roughly 1 trill borrowed / 15 trillion GDP = 6.666.. % I rounded up to 7%

I know you went into metals a while back, wish i had too. i look at that 1700 price, and just cant bring myself to do that. i remember thae last time gold spiked was in the early 80's its value dropped like a rock as soon as it started to look like the economy was under conroll again... i dont know what to do now, so i am mostly parked on the sidelines.

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10-26-2012 07:37 PM  5 years agoPost 12
Dennis (RIP)

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Oregon

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I know you went into metals a while back, wish i had too. i look at that 1700 price, and just cant bring myself to do that. i remember tha last tiome gold spiked was in the early 80's its value dropped like a rock as soon as it started to look like the economy was under conroll again... i dont know what to do now.
Yeah, the risk is high. Same as any other investment out there. The key is to keep a very close eye on inflation. The moment it starts to ebb, sell out immediately.

Of course there are other factors. Mine was family. We were basically a partnership. We did well and as a group decided to pull out, sell out and move on as individual investors rather than as a group. I feel it was a wise decision at the time for the purposes of a happy family. We still are basically. Thank God.

Especially now, its a tough decision with the times we are in. Perhaps a professional can help you if you feel that would be money well spent. Or, just hang in. These elections are very, very important.

Liberty once lost, is lost forever.

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10-26-2012 07:47 PM  5 years agoPost 13
spaceman spiff

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Tucson

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Perhaps a professional can help you
Yea i get that a lot! hehehehe.

I'll have another look in a couple months.

Congrats on the move to Gold. Well done.

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10-26-2012 08:30 PM  5 years agoPost 14
baby uh1

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St. James, Mo.

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I backed out 2/3 into cash a couple weeks ago till i get a better sense of what is going to happen.
You'd be better off investing in toilet paper as it at least has a use when it's value is just paper.

Anything is possible if you don't know what you are talking about!

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10-26-2012 08:53 PM  5 years agoPost 15
Dennis (RIP)

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Oregon

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Yea i get that a lot! hehehehe.

I'll have another look in a couple months.
Understand.

Best of luck.

Liberty once lost, is lost forever.

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10-26-2012 08:57 PM  5 years agoPost 16
Noobyflyer

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Clearwater, FL

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