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How else would you devalue a FIAT currency? Nothing else is going to work and they know it.

You're "fighting the Fed", IMO, and they run the presses. I think they'll freak if it breaks $1000 again, but otherwise they have too many other more critical problems to worry about. Trying to measure real gold in FIAT currency is hopeless. The end result will be that you are really...

Devaluation was the only way out other than deflation and depression.

No different if you are rich. You don't ever GET rich if you are borrowing to pay for frills.

I won't argue that. No different than me buying a show car or race car. Did I need them, no, but I enjoy them, and could easily afford them. Had I needed to borrow to buy them it would be a different story. I wouldn't have them if that was the case.

Platinum is just a commodity used mostly for catalytic converters, for which demand has dropped dramatically of late. Gold is money as far as I'm concerned, and I'll just hold mine, thanks... I believe your dollars will one day be worth nothing, and gold everything. A whole nation can't...

If a certain nation hadn't buried itself in debt, it wouldn't be trying to avoid a depression tonight.

I'm amazed you believe that enough to bet actual money on it.

This is silly. Nobody cares. They were lucky the ships made it the whole way, and will be even luckier if they make it back.

Still driving a 40+ mpg beater car, here. Paid $1700 for it in 2004, its 11 yrs old now, still running well. I can't understand why people need to borrow money to buy cars. Drive a beater and save money for a new car when you get rich if you must have something fancy. No shame in that...

21 city, 29 highway looks quick, but needs to be 50 mpg highway to get my attention

The dollar needed to be devalued that the economy would survive.

They should all just get credit cards like us :)

Anyone want to guess what happens in the morning? The congress has decided to go home for the rest of the year. Bush doesn't want to use TARP money. Does the congress blink, or Bush, or neither?

I read that AIG got another $10 billioon yesterday. It seems like its a "black hole of Calcutta".

Sub $600 my butt!

What's wild is that nobody knows WHO is on the hook for those CDS's, and IF they can afford to make good on them. So frigging dangerous... I bet AIG wrote some of it.

Next bubble is US treasury bonds/bills. Already gone parabolic.

The problem is the trade deficit. If we send them our dollars and they don't buy anything we make, and won't LEND them back to us, either, our economy will crash because the numbers are so huge. Now that they are afraid to lend us more, we would need stimulus equal to the trade deficit, at...

Its the newest bubble...