Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
Employees few and far between.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="BK9954" data-source="post: 1430550" data-attributes="member: 23651"><p>Nope, when we arent the reserve currency people are going to run. China has sold billions of our treasury bonds in the last few years.</p><p></p><p><a href="http://www.zerohedge.com/news/2017-01-18/china-sells-most-us-treasuries-2011" target="_blank">http://www.zerohedge.com/news/2017-01-1 ... uries-2011</a></p><p></p><p>Commodities will go up and down with the value of the dollar and the supply and demand. Gold may still be worth relative $1250 an ounce as it is now but if 100% hyper inflation hits with some major crisis, It could be worth $2500 on ounce, since the dollar dropped in half, or bread from $2 to $4 overnight.(100% is just example, hyperinflation keeps going up) If you watch the world banking systems along with government currencies and what has happened in the past, we are in a bubble that will pop, should have popped already, the international community was just not ready yet. We dont have enough GDP to justify the value of the dollar. Everyone knows it, and we use the printing press to dominate the world, and they hate is for it, have for a while. Our American credit card is going to get declined sooner or later. Creditors want a payment and we cant keep up. I dont want to be sitting here with some toilet paper that has $100 on it. Or.... if hyper inflation hits hard they can just shut down the banks, what are you going to do then. A couple ounces of silver could get some gas or food. Germany after world war 1 had it, they took stacks of bills just to buy bread. Venezuela going through it now, they had to sell the countrys gold reserves. There is a black market for food since the currency is worthless. Couldnt even import toilet paper into the country. If you have a job that can survive the pop, mine probably wont, and enough valuables to pay the bills while the dust settles, hopefully your wages would balance out based on the value of the dollar. Hopefully. The main thing is to have enough to pay the property taxes so you dont lose the farm. Same old same old mentality is a dangerous place to be. Diversity in commodities is good. Not just gold and silver. Cattle, pigs, alcohol, farming, tobacco, farm equipment, garden supplies, anything people go for when times are tough. Toilet paper might be a good one. Also rental properties might be okay if people are having to sell their houses and downgrade. You never know, but I wouldnt put all my eggs in one basket.</p></blockquote><p></p>
[QUOTE="BK9954, post: 1430550, member: 23651"] Nope, when we arent the reserve currency people are going to run. China has sold billions of our treasury bonds in the last few years. [url=http://www.zerohedge.com/news/2017-01-18/china-sells-most-us-treasuries-2011]http://www.zerohedge.com/news/2017-01-1 ... uries-2011[/url] Commodities will go up and down with the value of the dollar and the supply and demand. Gold may still be worth relative $1250 an ounce as it is now but if 100% hyper inflation hits with some major crisis, It could be worth $2500 on ounce, since the dollar dropped in half, or bread from $2 to $4 overnight.(100% is just example, hyperinflation keeps going up) If you watch the world banking systems along with government currencies and what has happened in the past, we are in a bubble that will pop, should have popped already, the international community was just not ready yet. We dont have enough GDP to justify the value of the dollar. Everyone knows it, and we use the printing press to dominate the world, and they hate is for it, have for a while. Our American credit card is going to get declined sooner or later. Creditors want a payment and we cant keep up. I dont want to be sitting here with some toilet paper that has $100 on it. Or.... if hyper inflation hits hard they can just shut down the banks, what are you going to do then. A couple ounces of silver could get some gas or food. Germany after world war 1 had it, they took stacks of bills just to buy bread. Venezuela going through it now, they had to sell the countrys gold reserves. There is a black market for food since the currency is worthless. Couldnt even import toilet paper into the country. If you have a job that can survive the pop, mine probably wont, and enough valuables to pay the bills while the dust settles, hopefully your wages would balance out based on the value of the dollar. Hopefully. The main thing is to have enough to pay the property taxes so you dont lose the farm. Same old same old mentality is a dangerous place to be. Diversity in commodities is good. Not just gold and silver. Cattle, pigs, alcohol, farming, tobacco, farm equipment, garden supplies, anything people go for when times are tough. Toilet paper might be a good one. Also rental properties might be okay if people are having to sell their houses and downgrade. You never know, but I wouldnt put all my eggs in one basket. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
Employees few and far between.
Top