"Dollar Devaluation To Fix The Great Recession"
Submitted by IamVoting4RonPaul on Fri, 12/12/2008 - 20:19
Where there is smoke, there is fire. Get rid of those FRNs and buy things of value...
http://www.forbes.com/finance/2008/12/09/dollar-devaluation-...
Here it is. Stand back. World currencies should be devalued overnight.
It can be done on a country-by-country basis, but a coordinated devaluation would work best. A devaluation of 30% would raise the dollar value of all assets by 43%. A $200,000 home with a $230,000 mortgage would become a $286,000 home with the same mortgage. Presto! The homeowner who was $30,000 upside-down now has $56,000 equity and a good reason to make his payments. Both the homeowner and the bank are immediately better-off.
Too bad for the savers and those on fixed incomes.
»
Anyone out there willing to
Anyone out there willing to lend me some money at less than usurious interest rates after this kind of plan is enacted and gets passed off as the way to deal with recessions?
Didn't think so!
I guess I could try equity funding my next house or something....
Owners of gold would benefit greatly from a devaluation.
If devaluation of the currency promoted prosperity, then Zimbabwe would be a wealthy country. Devaluation is for third world banana republics because it typically buys its dictator a little time before the next crisis hits.
Keep scheming and dreaming, you might get it right one of these times. I gotta go now, I think I hear the sky falling.
Hey Dickhead Don't Let The Door...
hit your ass on the way out...
Revolt For Freedom !!!
Revolt For Freedom !!!
.
.
Please don't hurry coming back.
Not sure why you ever posted in the first place.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Exactly what I was thinking of your thread
"Not sure why you ever posted in the first place."
What ever happened to your RP, "I don't want to tell other people what to do ? Maybe you were asleep when he was talking about that part of freedom ?
Be careful what you wish for others, they might start thinking what's good for you also !
Posting an article relating to the devaluation of the dollar is
a problem? If so, you are definitely on the wrong site.
Ron himself has suggested we own gold instead of FRNs if at all possible. Is that also a problem for you? Maybe Ron should stop telling people what to do as well. Standing up in front of Congress and shouting out against the bailout was so arrogant. What does he know anyway?
It doesn't matter what I wish,. The dollar is in its death throes. You are either stupid or a disinfo troll. Either way, you are irrelevant.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Bet you never thought of this
Did Ron Paul want gold for his money bombs ?
I didn't see him send my $250 fiat back.
Get the idea ?
When Ron Paul quits wanting paper, I'll start taking him more serious about buying gold on its highs.
Be careful when you buy gold and then hear incomplete arguments that persuade you that gold is beyond the forces of supply and demand. It isn’t.
Has sleeping been an attribute of yours long-gold ?
FYI, I haven't told anyone what to do; thats what you do.
We had college kids here who were existing on Top Ramen who
gave $2500 and wished they could have done more.
$250?
You were never really a supporter and the fact that you're crying about not getting it back just makes the point even more.
Gold at its highs? We haven't seen gold at its high. Not by a long shot.
Why don't you come clean, Dick, and dazzle us with your prognostications instead of being such a grumpy old man.
BTW, I'm sure Ron would love you to donate a gold coin to the Campaign for Liberty? There is a link to the site on your right. I'm sure they can provide you with an address.
Ron Paul "Sign Wave Across the USA" -- November 5th!
You may think I'm stupid
But I would be, if I believed you, that college kids gave $2500, not only is that illegal being $200 over the individual limit per donor and college kids having to eat .25 cent Japanese noodles to afford it.
What is wrong with you ? Or better yet, how old are you ?
You are the irrelevant one not knowing what he is talking about making things up as he goes.
I ended up getttin $600 back from the campaign, so
excuse me for making a minor error on the individual contribution amount.
We most certainly did have college kids "max out". They took on extra jobs and sold personal items. We had DPers who were out of work and struggling who also gave the full contribution amount.
What would you know? You weren't a "guest" at the Daily Paul then and I doubt you remember the 5th of November either.
What's wrong with you, Dick? Feeling bad you didn't dig a little deeper? Oh, now why would you, you weren't (and still are not) a Ron Paul supporter.
How old am I? Old enough to know you are full of shit.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Enough said
Anyone that has a brain cell can tell who is the bullshitter and that is good enough for this grumpy old man.
Glad to see you can google to cover when called out on your lack of accuracy in making things up ($2500) and then the Ramen, please spare us.
I doubt you gave more than me to RP and I'm cheap.
BTW, I bought a hundred gold eagles at $329 average.
Idiot.
In every way possible.
Ron Paul "Sign Wave Across the USA" -- November 5th!
Thanks
I love you too ;)
your a douche
_____ _____ _____ _____ ______ ______ _____ ___
“Revolutions never go backward.”
Wendell Phillips
≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈
"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy
Obviously
I'm talking to name calling ignoramuses rather than deep thinkers.
BTW, it is, "you're a douche", not, "your a douche."
and savings go down as well
great idea :-(