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The US pays for it's global stationed army under the pretence of protection for the following 3 reasons. 1: To make sure the USD remains accepted as the reserve currency. 2: To keep afloat one of it's last industries left, the arms manufacturing. 3: To keep 300 thousand soldiers and their...

All is fair in love and war man... I'm thinking we ain't seen nothing yet.

From the Financial Times Germany.... http://www.ftd.de/politik/europa/:umstrittene-bewertungen-eu-will-laenderratings-verbieten/60118331.html I hope they do it quick cause my country is on the verge of a downgrade...:p Yeah, bring on European rating agencies!!!! And every Eurozone...

Most of the people I know and talk about money albeit very casually are basically out of the stockmarket, into cash and if they have some money they see more opportunity in real estate then anything else...

Sue them before which court? :p Also the French have plenty of assets. Great infrastructure, many global economic powerhouses, a wealthy population... Did you know the French are the largest non central bank gold owners except the people of India? But yeah, they have...

Yet despite the US it's far superiour ingenuity and superior morals it has nothing to show for it. The US has a worse deficit then Greece I guess that about says it all doesnt it?

the topic is 60 years of socialism destroyed europe. I'm European and I am telling you over here 1 only one out of 4 households had a bath room. The second car remark was a hyperbole but the point is clear. The post WWII period has been one of the most prosperous in human history and now...

Blacks had to ride the back of the bus...Maybe that helped?

In the 60's only 1 in 4 households only had a bath room here... Today everyone has 2 cars. What do you mean an entire continent has been destroyed? Never before in the history of man have people been more wealthy. And these would have remained to be the case if the banks didnt...

http://www.dailymail.co.uk/news/article-2049971/UB40-bankrupt-Reggae-stars-declared-insolvent-despite-glittering-career.html They sold 70 million records....:p

http://www.youtube.com/watch?v=ywH6cj-hkgw Peter Schiff talks about the 2011 Nobel Laureates in Economics :p

Yeah but those tea party rallies were full with 50 year old fat housewifes so...:p

You think thats funny? You must be a communist.

A lot more hot chicks in these protests then in those tea party rallies dude... Choose your side carefully and wise...

Spot on.

I agree ^^. Anyway, I did a quick youtube poll. Marc Faber: 8980 hits Jim Rogers: 14000 hits Nouriel Roubini: 2050 hits George soros: 7320 hits Bill Gross: 3620 hits Gary shilling: 128 hits Peter Schiff: 18800 hits paul krugman: 3000 hits warren buffet: 7500 hits...

I'm sceptical about buying antiques and art just as I am sceptical about diamonds and jewelry. There are flavours of the month that can be out of style the next, where do you sell it? Is the buyer legit? Is he offering you an honest price? Even with something internationally quoted on a...

There was a couple here that got scared of the banking crisis and took all their money from the bank. They got robbed a few weeks later and lost everything. Elsewhere on Elite trader you could read about a banking heist that cleared all the vaults and left them uninsured. What is safe and...

It wil happen for sure both through inflation as through outright possesion taking of X% of savings... I work with someone from Argentina and he talks a bit about what happened couple of years ago there. If you didnt have your money outside of the country you got screwed. Now assuming...

Maybe I didn't make the meaning of the topic clear, let me try again. I wasnt trying to find help for myself understanding an economic issue or anything like that. I wasnt looking for people's opinion on which economist they value most either. I was only curious basically which...