"Federal Reserve needs to cut USD in half over 14 years"
- Thread starter cgtrader
- Start date
any size actually, assuming gold goes to 500.00 in your example, that is only a loss of 5% portfolio value. A lot of folks would have settled for that last fall and then some. More risk of the metal going in the other direction with all the problems flying around today imo.
Agree completely Clacy but I don't buy the conspiracy theory (not saying you do) that this is all one big plan. What's happening in today's society has happened in all of yesterday's societies as well. This is all part of the human evolutionary process. One society gets built up through some dramatic shift, or leveling of power and that power becomes more centralized with time. The more centralized power becomes the more corruption exists. Conspiracy theorists believe there are a group of men or women in some secret room somewhere planning and conducting the changes that are happening in today's world. This is the case to a point but no one person or no one group of people can see far enough into the future to make some "grand plan" and execute it to their hearts desires. Instead, we are seeing an evolutionary shift to centralized power and those in a position (such as GS) to accept that power will most certainly abuse it. It's just human nature.
You got it. Unbelievable isn't it.
No I don't think it's all one big, organized plan. But at the root of all of those movements is the same goal. That is to force bigger government control and redistribute wealth.
All of the leadership of these movements, distrust capitalism and want centralized governmental control.
I on the other hand, trust free market capitalism to get it right more times than not, and wish to limit the role of government.
I believe our founding fathers believed this more or less as well and this is what has made our country so successful.
And yes, I agree that this is a natural, albeit misguided evolution towards centralized power. However, I do believe that we still have the power to turn these socialistic movements back (at least for now).
I wish I agreed. I think we've passed the point of no return. European countries have gone down the road the US is currently trending towards and it seems once you head in that direction it's like a freight train on greased tracks -- there just ain't no stopping it. There is one glimmer of hope. There has been a large outcry against socialized medicine but I believe the powers that be will eventually get their way. Socialized medicine is coming down the pipe whether we like it or not. This may actually be part of the reason the Fed is refusing to raise rates (did I just shoot a hole in my no-conspiracy theory theory?). The longer they stay artificially low the greater the turn up in the cost of health care. I just got my latest premium notice in the mail ---->> +20%. 20-freaking-percent. I guess that turn-up has already begun. The government will get its health care agenda passed one way or the other.
