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FOX news watchers, Gold - you're beloved "only real currency" lost 0.16%...
- Thread starter Blacklion
- Start date
Thoughtful Monkey
New member
...today. Will you be engaging in rants? about irresponsible, endless and ridiculous debasement of the "only real currency" now?
A decline of 0.16% in one day is about 8 times the greatest one day decline ever observed in the USD.
Could it be that all of you were led around like dupes and were spouting a bunch of economic theories that you have no real understanding of?
For those who have no understanding of currency rates - a move of 0.16% in one day is considered massive for currencies, even though it's a miniscule movement for commodities.
@ Shaddup - you're dead wrong. The USD has never lost that much in a single day.
A decline of 0.16% in one day is about 8 times the greatest one day decline ever observed in the USD.
Could it be that all of you were led around like dupes and were spouting a bunch of economic theories that you have no real understanding of?
For those who have no understanding of currency rates - a move of 0.16% in one day is considered massive for currencies, even though it's a miniscule movement for commodities.
@ Shaddup - you're dead wrong. The USD has never lost that much in a single day.
I am a fox news watcher.
I do not believe it is the only real currency.
I do not care about a 1 day loss of a tiny amount of value.
I do sometimes think I am a dupe, who doesn't, but the economic theories I understand have nothing to do with governments spending a currency into a meaninglessly low value as compared to other currencies.
No, I will not be engaging in a rant. TY.
I do not believe it is the only real currency.
I do not care about a 1 day loss of a tiny amount of value.
I do sometimes think I am a dupe, who doesn't, but the economic theories I understand have nothing to do with governments spending a currency into a meaninglessly low value as compared to other currencies.
No, I will not be engaging in a rant. TY.
Across the Dark
New member
Only a absolute moron would ever believe that paper money holds true value.
You want to take a history lesson? Go back and look at every nation of the 20th century that decided they would use paper money and have a centralized bank audit and control all gold and silver.
Every single one of them went through hyper-inflation and their currency destroyed. You can't print wealth out of thin air, we might as well be using fake monopoly money to pay our bills.
The only reason why the Fed is still able to print at this magnitude and then dump all these billions into the US treasury is because America's dollar is the worlds most exchanged currency. If that wasn't the case the dollar would be absolutely WORTHLESS. There would be no recession this would be a GREAT DEPRESSION.
And now more and more countries are investing less into the dollar, buying less American stock, and China is even selling off our debt. Not only that but world powers such as Russia, China, Saudi Arabia, and many European countries are all have discussions on adopting a new universal world currency.
I'm going to say it again. Only a complete and utter fool believes that green paper in a printing press holds any value at all. Because it doesn't.
You want to take a history lesson? Go back and look at every nation of the 20th century that decided they would use paper money and have a centralized bank audit and control all gold and silver.
Every single one of them went through hyper-inflation and their currency destroyed. You can't print wealth out of thin air, we might as well be using fake monopoly money to pay our bills.
The only reason why the Fed is still able to print at this magnitude and then dump all these billions into the US treasury is because America's dollar is the worlds most exchanged currency. If that wasn't the case the dollar would be absolutely WORTHLESS. There would be no recession this would be a GREAT DEPRESSION.
And now more and more countries are investing less into the dollar, buying less American stock, and China is even selling off our debt. Not only that but world powers such as Russia, China, Saudi Arabia, and many European countries are all have discussions on adopting a new universal world currency.
I'm going to say it again. Only a complete and utter fool believes that green paper in a printing press holds any value at all. Because it doesn't.
Dems Worship Corruption
New member
I invested in food and non hybrid seeds. They will be worth gold while all you libs are starving when the economy tanks, and it will.
Death to Sock Accounts
New member
Wow, so I lost $300 bucks today from the 30.000 in profit so far. I can live with it.
No religion in this pub
New member
Well, not that I see gold as "real money", whatever the hell that is, it lost .16% (GOING OFF YOUR FIGURE) against the dollar. That is if you are concerned with that unit of calculation, which most Gold Bugs are not.
You are measuring gold against the dollar. Just like the dollar can't lose value against itself, Gold can't lose value against itself. 1oz of gold is still worth 1 oz of gold. If gold was the world currency, we would only observe its change in value via the changes in prices on store shelves, and in case you haven't noticed, the dollar isn't exactly constant in value either.
No religion in this pub
New member
Well, not that I see gold as "real money", whatever the hell that is, it lost .16% (GOING OFF YOUR FIGURE) against the dollar. That is if you are concerned with that unit of calculation, which most Gold Bugs are not.
DaffyDilly
New member
Its a commodity. They rise and fall everyday. 0.016% that isn't anything