The dollar will collapse. It appears most Americans are stupid.
To say I am disappointed is a gross under-statement. I am reminded of the old saying "whistling past the graveyard". Soon we are going to have a financial crisis and many of my fellow Americans are going to be severely punished for their lack of interest.
output





















Inflation vs Deflation
there has been a debate raging here and on the internet about this.
Maybe this will provide some insight:
http://pacificfreepress.c...
Time to Educate People
I'm happy that so many people came out and voted for Dr. Paul in Michigan. We still need to educate people. I have read comments today from visitors of other campaigns that don't seem to know what's going on.
Most Americans are blinded by rhetoric or stupidity.
Paul is changing the tone of this election I think.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Economy and spending ARE the main campaign themes.
The economy and spending are the true main campaign themes. Listen to Paul on the war, on healthcare, on immigration, on taxes, on almost anything and the underlying theme is economics.
The other candidates cannot touch him on this.
People relate when it hits their wallets
His voting record is immaculate
MSM is already talking about this - look at the beck utube video. Dobbs...
This is the only way to win
Dollar, stock market, housing, etc all the same story - its the economy!
The grassroots need to do the same and align behind this message.
Please support this message by commenting here. http://www.dailypaul.com/...
fair and balanced financial news?
News corp (faux news parent company) just bought the wall street journal. Now our financial news will be just as fair and balanced as their other news.
When were all lined up to get our government cheese they will be telling us that our economy is great.
Welcome to the new world order.
The latest rumor from CNBC
The Chinese government may make offer to buy Bear Stearns.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
As the price of oil goes so goes our country.
It's the oil stupid.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
If the devaluation of the dollar continues
Gas will hit 5 a gallon by years end. Then we will mass layoffs and that will send the economy into a tailspin like never seen before.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
The layoffs...
...are already beginning.
Get out of debt and batten down the hatches, this is going to be a rough ride.
Read 'The Second Great Depression - Starting 2007, Ending 2020'
http://www.amazon.com/Sec...
Inflation vs Deflation
http://www.gold-eagle.com...
This author does not buy the deflation arguement:
"Every year since 2000 I've put out a piece on the debate between inflation and deflation. And each time it has reflected the same conclusion. The Fed is stuck in an inflation trap of its own making. Events since have largely proven us correct.
However, this does not quite mean that it must continue to inflate in order to avoid deflation. At this point in the cycle it is probably more accurate to say that it must continue to inflate in order to support the illusion that underpins the value of the US dollar as a common medium of exchange. In lay terms, they gotta' keep it going.
However, the consequence of ending it now is not deflation, but rather, hyperinflation"
yeah
it's hard to fathom which way it may end up. it is out of our control. either way is disastrous. the goldbugs always point to hyperinflation. to those who believe in the coming amero, hyper-inflation could lead the way. we would also be able to pay all our loans in worthless dollars.
what i believe we have to consider is those who are pulling the strings. having been in real estate in the eighties, the bankers always told me that they measured risk by what is happening on the hill vs the local economy.
Will the powers to be make good on all of the foreign debt they have accumulated, by allowing a deflationary spiral to develop? effectively, allowing the financial takeover of america?
Or, will they save our institutions, FNMA and such by allowing the assets to rise in dollar value to the point where they survive, effectively shorting the debt to foreign nations? Also, they could avoid a lot of lawsuits. even if this were to occur our assets could be bought up for pennies on the dollar from the standpoint of stronger currencies. ie, pre WWII Germany.
either way we are screwed. wonder how the swiss franks will hold up?
David Walker's next appearance is in FL
David Walker's next appearance
Fiscal Wake-up Tour - Events
Upcoming Events
January 14, 2008 Tallahassee Community College Tallahassee, FL
Florida has its primary the 30th, Tallahassee is a college town, how about a big Ron Paul rally the same day?
Fiscal Wake-up Tour - Events
February 4, 2008 Chander Gilbert Community College Phoenix, AZ
February 27, 2008 University of Wisconsin at Madison Madison, WI
March 5, 2008 University of California, Berkeley Berkeley, CA
March 6, 2008 California State, Fresno Fresno, CA
March 25, 2008 University of Pittsburgh Pittsburgh, PA
Chandler Gilbert C.C. Phoenix
I will be there!
However, I did not see the site at a website, I will call the college to confirm. What site did you see this printed at?
Cheers,
Glendale Keith
Walker's Fiscal Wake Up Call - Tallahassee
There was an article in the South Florida Business Journal about this event.
http://www.bizjournals.co...
I got this off another thread. I watched Beck Last night.
Here is his interview with GAO head David Walker.
http://video.google.com/v...
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Excellent Explanation
Great Video! David Walker is an asset to this country. Too bad it looks like very few people are listening to what he has to say.
true
Ron Paul is saying it.
Douglas Casey said it in the 90's...
Ross Perot said it in his campaign..
people do not want to listen as long as they are comfortable(in the present) with the status-quo
great article
The thing that bugs me with the inflationary scenario, gold going up and all that.
first, real estate is a hedge against inflation, yeah the dollars are worse less, but the costs go up to build, labor etc. this would bail out the coming "Prime Mortgage Crisis"
But consider this.
Inflation robs the rich. If they are pulling the strings? A deflationary cycle? yeah the corporations bite the dust, robbing the stockholders. but who has cash? Now as, defaults hit the banks. the money supply decreases. if when you take out a new loan, it increases money supply, then when that loan defaults, it decreases the money supply. deflation. dollar goes up. A chance to buy everything pennies on the dollar. The banks crash and everything goes to auction--to anybody lucky enough to have the cash.
a massive deflation like the crash of 29 would cause cash to be king. no banks lending. massive foreclosures. in this scenario the chinamen will end up owning everything. metals, real estate, etc. would go down.
just my thoughts.
good article on the amero idea.
Private Ownership of U.S. Fed Unsustainable, Unless… The Cartel Successfully Implements Its “End Game”
http://news.goldseek.com/...
Inflation doesn't rob the
Inflation doesn't rob the rich as much as you think. Only the ones that are dumb enough to keep their money in cash. Most hold shares and other assets, which are inflation proof in the long run, although they could have a bumpy ride.
Renewable Wealth - Profitable Green Investing
What we have done is immoral.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
David Walker says the republic is at stake
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
All this talk about how the
All this talk about how the ads being run are all so crap (mostly), and how Americans need an education in order to see what's in front of them... it seems there may be blindness on both sides though.
It's almost as if what we needed was some kind of a "stealth missile" of a project with which to pique people's interests in an area most everyone (particularly lefties) cares about - WITHOUT them realizing it was happening...
Something issue-led, issue-driven, which brought them inexorably closer to the inescapable fact that Dr. Paul was really the only logical choice of them all...
Kind of like an EDUCATIONAL REVOLUTION of some kind!
Hmmmm... I wonder what might work towards that end....
We have partnered with some of the finest film makers in the country. In fact, they were ALL first choice team members, and we even got Depeche Mode to give us their music for our two minute film - for FREE (valued at over $30,000.00 PER AIRING). Even PBS said they would air it if we got it financed and filmed first. The quality of this project and the national exposure it can reach is tremendous!
We have a formula that will educate this country as to why Dr. Paul would be even better for the environment than Al Gore (hello! - remember who won the election in '00?) WHILE SIMULTANEOUSLY converting those against the abolition of the Dept of Education, those who are pro-choice, and those who are pro-gay marriage!
FOLKS - YOUR ANSWER IS RIGHT HERE!!! We are waiting for your support!!! Please visit our site and read-up! For only ten bucks you can have your name added as an Executive Producer!!!
- The ONLY project bridging Ron Paul with the Environment -
http://sleepingnatives.or...
When Our Money Was Our
When Our Money Was Our Property!
There was a time in our country when our money was our property. It was more than just a medium of exchange or an economic instrument; it was, in a very real sense, property. When a man labored he received compensation in value equal to his work, his produce or his creativity; the money he earned was his property, just as anything else he owned. He could be assured that his money was a store of real value, he could spend it as he pleased, he could store in a bank, stuff it in his mattress or bury it in a mason jar in his back yard and it was no ones business but his own. He could be confident in the value of his money, that he could dig that Mason jar from the ground years later and still have money that kept an equivalent value as when he buried it, it was real money, sound money and it was his private property. He could be assured that his government could not confiscate it, track it or regulate it once it was in his hands; it was real property, his property. He need not worry about whether he carried a suitcase full of it from city to city, state to state or country to country because it was, without any equivocation, his property to do with what he wanted.
In our Constitutional Republic, the Founders were well aware of the potential dangers involving the nation’s currency and with that knowledge they gave us with some extremely strong admonitions concerning the value of money as property. They had experienced the results of unsound money and knew that monetary instability would not only threaten the nation’s economic freedom, but all freedoms and liberties enjoyed by the people.
In the preliminary draft of our Constitution the following words were considered: "To borrow money and emit bills [fiat currency] on the credit of the United States." The wording however, was struck from the final document and for good reason. Due to the Founders knowledge of history and even their experience with the “Continentals”, they knew the danger that emitting such bills posed to the nation and the value of the monetary property of the People. Indeed, it was more than just the monetary property Rights, but all Rights of the People that concerned the Founders; for they were aware that if the monetary system was ever corrupted that the entire system could be corrupted.
In fact, there were some in the Constitutional Convention that believed that it would be better to discard the entire Constitution instead of allowing “and emit bills” to remain. The passion concerning the ability of Congress to “emit bills” was so powerful because the Founders knew that such ability had the potential to undermine the Republic.
The cardinal rule of money as real property is essential for a Free People; absent that cardinal rule the government assumes powers that will always infringe upon the Rights of the People. As we have seen, when money is little more than an impotent instrument of exchange, monopolized and regulated by the government then the government is; apparently, free to treat it as such. The government can debase it, confiscate it, control it, track it and basically manipulate it to benefit any agenda it pleases.
Is it any wonder why the Founders were so concerned about taxation without representation? Such taxation allowed the King's government to tax the fruit of the people’s labor indiscriminately. It totally ignored their property rights and amounted to open robbery of the people’s private property. Today, we have the semblance of representation, but in reality those we elect rarely consider our consent when crafting legislation. Perhaps if we actually considered what has taken place over the last century we would once again raise our arms in revolution and cast out those who should be considered nothing more than common criminals acting for their own benefit instead of that of the people.
Through the years our financial privacy has been invaded through a system that has completely eliminated not only the property rights of our money, but also the value of our money and indeed the essence of our money itself has been detrimentally altered. Today, our money has been transformed, by certain factions in both the banking cartel and government, as an instrument of a government. A government that no longer places value upon the Rights of the People to keep their property and to use that property in ways that should be considered private and inviolate is a government operating outside the Consent of the People and the Law of the Land. Along with the Central Bankers, such a government seeks to use unsound money for purposes other than the real benefit of the People.
This government began to follow the path toward unsound money the moment it bowed down to the power of the bankers by passing the Federal Reserve Act in 1913. Since that time we have witnessed some of the most heinous acts against the People and their property in the history of this nation. Under the watch of the Federal Reserve, this country and its people suffered numerous depressions and recessions, including the Great Depression. These financial crises served the bankers and the government well, it provided opportunities to both bankers and the government unparallel in our nations history. The scope and power of the government was immensely expanded in the wake of the Great Depression and although the Federal Reserve was intended to avert such economic panics, it was the major contributor to that economic catastrophe and, indeed, as it turns out, a prime beneficiary of the economic disaster. During the Great Depression there was a tremendous amount of wealth that was transferred into the hands of not only the Central Bankers, but into the coffers of the government itself.
The Great Depression provided the government with an opportunity never before seen in this country’s history; the Crash of 29 and the ensuing depression followed the natural progression of monetary debasement and control. It also proved to be the impetus for the destruction of the property rights associated with money. It gave the government the rights over the people’s money, making it nearly impossible for a man to control or maintain his money as private property. FDR’s confiscation of gold and the government’s decision to renege on its promise to redeem its Liberty Bonds marked the beginning of the end of private money property in this country; it also marked the end of the full faith of the United States government.
By 1971, the goal of destroying private money, and the rights associated with it, was completed when the government quietly achieved a total fiat currency coup d’état and their banking partners, the Federal Reserve now had free-reign to control the monetary interests of this nation through a complete monopoly. This effectively ended all property rights the people retained in their money. Since that time, we have witnessed a drastic confiscation of the wealth of this nation by the government and its banking cartel. This confiscation is hidden from the masses of people and takes the form of inflation, draining away the purchasing power of the nation’s money and the ability of the majority of the people to maintain a stable livelihood.
Alan Greenspan once said: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” He should know, for under his tenure at the Federal Reserve, the people of this country have been victimized and seen their wealth robbed through that insidious form of theft called inflation. We have seen our standard of living stolen from us and with the complicity of our own government we have witnessed the demise of our property rights, and indeed all our rights. The fruit of our labors are being siphoned off by those who are no longer worthy of being called our Representative Government, they have long ago abandoned good government for abusive powers and what amounts to little more than blatant highway robbery. They have replaced our Liberty and Rights with something that is totally contingent upon our compliance under the illusion of freedom. They have transformed this nation from one of producers, manufacturers and good labor into a debt-dependent serfdom created to increase their own real wealth and powers while reducing the actual standard of living for millions of hard-working Americans.
How many times did our Founders clearly warn us of the potential for deceit and corruption associated with the unsound money, but through trickery and overt deception this nation was lead down a path that will, ultimately, prove its undoing? The Father of the Constitution, James Madison stated that unsound fiat money would destroy the necessary confidence between man and man, in public councils, industry, the moral standing of the people and the complete character of the republican government.
The last century saw a progressive disregard for the Constitution and authority, in many cases it is simply ignored by government. Such disregard should not be considered anything less than criminal, a breach of contract between the government and those who have consented to be governed under that agreement.
The people must come to understand that one of their fundamental rights is that of money property and the only way to have money property is for money to be a sound store of value, untouchable by government, separated from the influences of a monopolistic Central Bank, free of the threat of confiscation or undue taxation without appropriate Constitutional Representation. It is a Right that must be restored to the People, without it restoration there is little hope of us maintaining the few vestiges of freedom left to this People.
We stand at a time when this nation will face a great turmoil, the next few years will determine the future of our nation as the fiat monetary system follows all fiat systems before it and collapses. The fiat monetary system is on the verge of reaching the terminal point within its lifespan, it struggles under minor disruptions and small interest rate hikes; chaos that ensues during its collapse will either end in a return to sound money or overt tyranny as the government seeks to control the collapse of society.
The Right of Money Property is a revolutionary right; it stands as a bulwark against those who would assume authority over us and our future. The Right to produce, to labor in exchange of just and sound compensation without the interference of government or the overt monopolistic control of the Central Bankers is essential for a good and prosperous future. We must repudiate all extra and un-Constitutional usurpations and hold those within government accountable for such crimes.
The People must once again take an offensive stance against all those within and without the government who continue to seek to overthrow the remaining remnants of our Constitutional Republic. Our call to sacrifice is no less vital as that of our Founders, our call to defend this Constitutional Republic is no less essential for the survival of this nation.
In Liberty,
Republicae
http://1776solution.blogs...
The Dollar will make a big come back this year!
Please don't believe everything AJ says or prints. Sometimes I wonder about some of you folks. Yes, you guys go ahead and buy all the gold and sliver you can at $880 a troy ounce for gold, and lose your butt when it falls below $300. You are like a bunch of old women. I'm ready for anything..and you can be also. Forget the gold and sliver. To get prepared, go here..
http://www.zombiehunters....
January 03,2008.
"A people can move through the ages, and not disrupt time. A single man can take this movement of people and change history" Saul4Paul on Ron Paul, the coming civil war.
I have never listen to AJ and I don't have to.
This is very simple and basic economic principles. The dollar will collapse soon.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
AJ Says This --
The Answer To 1984 Is 1776.
I like that, it makes lots of sense. And so does he on many things.
Vote RON PAUL 2008
You like sound bites do you?
January 03,2008.
"A people can move through the ages, and not disrupt time. A single man can take this movement of people and change history" Saul4Paul on Ron Paul, the coming civil war.
What you are, is a troll.
The dollar has no value, it will collapse, especially now that other countries are scrutinizing it more closely - due to consistant fraud at the high high government level. If you know ANYTHING, you know the dollar is going down, and will go down further.
Its a simple economic fact. How can you deny it? Are you a fool? Gold has gone STRAIGHT UP since the beginning of the year. Its the worst start for the market in 25 years! TWENTY FIVE YEARS ....... Wake up!
I Like That One
Vote RON PAUL 2008
Is Gold at an All Time High?
I usually follow PM prices closely but I've been immersed in Ron Paul for weeks.
Gold is currently at $878/oz. Doesn't this beat the 1980 high (I think it was $850/oz.).
I have seen nothing in the media about gold making all time highs lately.
Ron Paul Explorer: The All Paul Search Engine
Adjusted for inflation, the
Adjusted for inflation, the 1980 high was $2200 in today's dollars. And we're way worse off now than we were then. I predict gold $2000 by '09.
Renewable Wealth - Profitable Green Investing
I think all precious metals are at or near all-time highs
Which to me is another signal that the dollar is doomed.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Silver neared $50/oz in
Silver neared $50/oz in 1980, it went over $17 last year following the launch of the ETF but is currently at $15.72/oz.
I do think that gold is at an all time high. Don't know about platinum or palladium.
Ron Paul Explorer: The All Paul Search Engine
Gold
Gold has already surpassed its all time high of about $850 in 1980. However when adjusted for inflation gold would need to be well over $3500 an ounce to be equal to the 1980 high in inflation adjusted dollars!
That means it has a long way to go up so its still very early in the game to get into gold. I bought my gold at $660/oz less than a year ago and now its $880/oz. Thats a 33% gain!!! Try getting that kind of return on the stock market.
Bottom line is that gold is still VERY cheap and silver even looks better for future gains!
Most experts I heard say silver is way under-valued
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Silver is undervalued but..
You are right silver is WAY undervalued. The ratio of silver to gold is way off of its historic norm and its expected to rise quite a bit. Silver and gold are good to own together since they tend to even out their gains long term and short term. A good starting point is to have roughly a 10:1 ratio of silver to gold by dollar value. This will give you a fairly smooth and consistent return in the event that one of them goes down slightly.
You don't need the dollar
Ron Paul says the economy comes from farms. Take back the farms. Go help folks instead of sitting in the house. Get to know and educate your neighbor. Teach everyone the hand signals of the illuminati and how they must be called out whenever they are caugth.
What those dumb illuminati don't know is that I genuflect for no man or no man's ideas. I am a free man and I will join my brothers and sisters and I will not let you steal my vote as I have connections you do not have. Men that money cannot buy.
Stand out of my sunlight, it is all I ever asked, but now you have our boys and girls in a long war.
"I have found an honest man."
Diogenes of Sinope
I absolutely agree 100%
Debt creates more debt this is how the banks survive. I know that doesn't sound logical, therefore I recommend that everyone who whats to know how this is done, should watch the video... How Banks Rob You. It's very easy to understand. This is one great video and will definitely educate.
http://www.notjustnotes.w...
I also agree that we are headed for something that no other generation has ever experienced... not even the Great Depression generation.
Fasten your seat belts... it's going to be a very bumpy ride.
The collapse or near collapse of the dollar will drive oil
prices through the roof. The price of oil will be the downfall of our economy.
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Dollar Dive Not Likely...Yet
Though the dollar has declined dramatically for several years there is the possibility that the trend may reverse for a while. As a previous poster mentioned, the money supply is a credit phenomena. The credit inflation bubble appears to be ending and we are likely to see a deflationary contraction in the creation of money and credit as lenders and borrowers begin to eschew risk (regardless of what the FED does with interest rates). Japan has been going through this for the past 15 years. The little guy, John Q Public, ALWAYS loses. The situation now is that John will NOT be permitted to pay off his credit card and mortgage debt with hyperinflated dolllars. The dollar could strengthen for a while as he struggles to repay his obligations or goes bankrupt. (Ditto for all other debtors). Once most of the bad debt has been eliminated from the system (financial crisis) the small number of responsible savers who weathered the storm could get shafted with the final demise of the currency. Just a theory.
Begining of Feb.
Iran has already ceased taking the dollar for oil, the Saudi's are expected to do the same early next along with OPEC, when that happens we are toast.
Kuwait is off the dollar too
http://articles.moneycent...
"First they ignore you, then they ridicule you, then they fight you, then you win."
-- Mahatma Gandhi
Not to sound like an idiot but...
When did Iran stop taking the dollar? That would explain them wanting to go into Iran.
WIthin the last six months I
WIthin the last six months I believe. Other Arab oil producing nations are also beginning to switch to other currencies as well.
Has this been on
the news??
Yes it has,
... but I can't remember where I read it. It may have been in an email bulletin from Newsmaxs financial newsletter. This by the way is a great free financial/ economic resource. I also subscribe to the snailmail newsletter, although it's a pay subscription. In particular I like John Browne's work- balanced and wholistic investment strategies.
In terms of Oil issues, I'm a big fan of Jim Kunstler's work ( http://www.kunstler.com/ ) . He's acerbic and has some very pronounced bias, but an excellent resource on oil and Peak Oil developments. "The Long Emergency" is an excellent primer on the topic.
As for the news media covering Iran dropping the dollar- there is way to much going on with Britney at the moment.
its possible but not likely
as helicopter ben has promised to drop currency from the sky.
I AM A STOCK BROKER AND ECONOMIST WE ARE DONE FOR!
I CANT BELIEVE HOW STUPID AMERICANS ARE. I WAS WATCHING C SPAN THIS MORNING WHEN A MATH TEACHER ON THE UNIVERSITY LEVEL STARTED TALKING ABOUT CANDIDATES AND CHANGE I REALIZED WHAT I ALREADY KNEW. FOLKS I CANT STRESS ENEOUGH GET YOUR MONEY IN GOLD AND SILVER GOLD AND SILVER STOCKS WITH SOME OIL. THE SYSTEM IS SET UP TO NEVER PAY THE DEBT BACK AS ALL MONEY DERIVES FROM DEBT. THE ECONOMY IS CONTRACTING BECAUSE DEBT HAS IMPLODED. THE FED IS A ONE TRICK PONY AND LOWERING RATES WILL NOT FIX THIS THATS WHY I SUPPORT PAUL 100 PERCENT. MY CLIENTS HAVE LEARNED THE HARD WAY HAVING TO BE DRAGGED KICKING AND SCREAMING 5 YEARS AGO NOT BELEIVING A THING I WAS SAYING BUT NOW THEY THANK ME OVER AND OVER. THIS IS WHAT ITS GONNA TAKE FOR RON PAUL IS TO CONTINUE TO POUND THE MESSAGE IN AND TO CONTINUE TO EDUCATE AS MANY PEOPLE AS WE CAN. I DONT THINK WE HAVE 5 YEARS LEFT BEFORE WE SEE THE GREATEST DEPRESSION OF ALL TIME. SORRY BUT THATS HOW I SEE IT AND I CAN FEEL IT I HAVE BEEN DOING THIS FOR 23 YEARS AND I HAVE NEVER SEEN A PERIOD LIKE THIS WHERE ALL THE STAR ARE ALIGNED PERFECT. WE WILL BECOME BANKRUPT ITS JUST A QUESTION OF WHEN. GET RID OF THOSE COUNTERFEIT PAPER DOLLARS ITS JUST COTTON AND INK PERIOD.
I absolutely agree 100%
Debt creates more debt this is how the banks survive. I know that doesn't sound logical, therefore I recommend that everyone who whats to know how this is done, should watch the video... How Banks Rob You. It's very easy to understand. This is one great video and will definitely educate.
http://www.notjustnotes.w...
I also agree that we are headed for something that no other generation has ever experienced... not even the Great Depression generation.
Fasten your seat belts... it's going to be a very bumpy ride.
Ok??
Here's our scenario:
75,000 equity in our home still owe 100,000
40,000 in loans and credit cards
assets:
we have gemstones (ie: sapphires, rubies, emeralds etc, etc) that my husband was sitting on.
My feeling is sell the gemstones now while we can because unlike metals I believe they will go down. Pay down debt ASAP