MichaelTryn
5/6/2016 00:22 EST
I am just reporting the facts with this clip of today. CNBC.
http://finance.yahoo.com/video/trump-ad This guy running a "Euro Pacific Capital", comes out and says
"The U.S. without question can not repay the debt is has, and WILL DEFAULT." Anyone holding U.S. bonds or notes will have to take a haircut. Doesn't this sound like Ukraine, or Puerto Rico today. Here is just one of the posts!
Andrew 2 hours ago 1 9
The problem I have with Schiff, is that he is 100% right. But his scenario will only come to pass WHEN America Defaults. And yes I agree, the US will eventually be forced to. But we wont until 100% forced to default. And that could be thirty years from now. We will pull every trick in the book to keep it at bay. Including who knows what.... We will NEVER voluntarily do the right thing. It isn't until every single POSSIBLE option has been used up and tried and tried again that we will finally be FORCED to default. And who knows when that will be. How about some honest feedback here? I am not moving everything into gold & silver, but Ron Paul's words are coming.
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hsvgto
5/6/2016 11:20 EST
keepin mind Schiff is a gold bug allthe way to the marrow. He talks gold up and the FED down every chance he gets. Japan hasnt defaulted (yet) and their debt to gdp is 230%...Americas debt to gdp at around 102% is still manageable with low interest rates......so yeah US can kick that can the road for at least another 30 years.....
I like your silver idea...but I'msurprised you're not intimate with the ruble...fair value before all this recent manipulation was about 1 to 35.....it was over 1 to 80 last christmas.....those ruble issues will be resolved a hell of a lot sooner than the US defaulting. The joker in the pack of course is Trump who might just say to american creditors.."you knew the risks, now beat it" ...that would send gold to 3000plus
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MichaelTryn
5/6/2016 13:34 EST
thanks for your input hsv !
We see "so much childish Russia bashing in the media, but THEY have little debt where as the U.S. as you have posted is 102%. The co. I used to work with was run by 2 Jewish fellas that were older, one cardinal rule they had was:"keep debt low!" Us local drivers had older tractors. Maybe that left an impression on me, my debt is about $200(credit cards).
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sir2you
5/6/2016 17:36 EST
HSVGTO; how much of our debt is to the British 'US Federal Reserve BANK'? ALL of that money was counterfeit and can be annulled and the assets of the Fed seized under the RICO Act. They have even been minting two currencies lately, one for domestic use, the other computer labeled as counterfeit, for foreign use. That makes them counterfeiters even if you buy their lies about loaning money they print out of thin air.
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MichaelTryn
5/6/2016 18:37 EST
I will look up the "Rico act". I never heard of it. It gets people's ears if one speaks of a "haircut to one's s.s. checks I've seen."
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hsvgto
5/7/2016 06:37 EST
Sir, I like the fed so im biased....I think their hearts were in the right place re quantitative easing/printing but the corporates have not done with the money what they were expected to do.They should have expanded operations,raised salaries,etc etc..but they just bought back their own stocks/shares.....hence the current situation where wages have stagnated but expenses have not..theyre still rising and the aggrieved looking for relief from someone like.Trump.....and yeah sure the Fed can be audited and Trump doesnt like Fed.......it's a tricky situation,,,so many vested interests...so many grapes will be crushed to get one glass of wine....at the end of the day I'd rather take my chances with the flawed US regimes than give all those megalomaniac,delusional,sociopathic f#kn wankers overseas a sniff of victory. If America falls maps in Europe will be redrawn, maps in south pacific where I live will be redrawn.....don't kid yourselves the current significant american competitors are not like YOU.....they're wankers
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MichaelTryn
5/7/2016 09:17 EST
I have not traveled as much as you,"(South Pacific), so my limited view is biased here.Once in a while Yahoo posts about a childish waste of taxpayers money like buying a submarine for Australia or Brit., "Very childish!" Yesterday a man asked me"what am I going to do about the problems ahead?" I had no good answer! We read articles "buy farmland in Argentina or some other place. My wife would like Bulgaria as she had a nice trip there long ago remembering the resort on the Black Sea, and the smell of roses in Plovdiv. She hates most things here,esp. the GMO food, so we try to buy non-u.s. when possible.
My life here is boring I would go "anywhere." I haven't even bought gold or silver in my ret. acct. Moves like this are only to "appease the mind."
A few guys here go looking for women in Ukraine, now I would prefer maybe 20 acres in Bulgaria near the Black Sea with fruit and some wine grapes growing, maybe a horse. I guess I will never understand the Greeks living around here, they must think they will live to be 200, as they waste thier lives. I've said I would buy a sailboat and a small place in Greece with a piece of land like I've posted and a view of the white sand beach. They putz around stocking groceries in the large Greek owned grocery store, or in another shop walking around with Mexicans that move tomatoes and apples. That is a sentence in prison also. I've been there driving truck many years. More realistic would be if we could go some where interesting, N.O., Charleston, or Florida.
Have a good day where you are!
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LuvSlav
5/9/2016 07:47 EST
Unless the Red party pulls some crooked scandal, it looks like it will come down to a choice between Hillary and Trump. I am a "LIBRUL" through and through but knowing what Hillary is actually all about, I would vote for Trump over Hillary any day of the week.
At least he has stated he will do something about some of the ridiculous things the country wastes Billions and Billions on. And I don't doubt anything he says. Everything that comes out of Hillary's mouth is either pandering or outright lies. Trump, whatever else he is, is at least a man of his word.
One man's opinion so take it for what it's worth.
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MichaelTryn
5/9/2016 08:54 EST
You are 100% right LUV: 99% of the people MUST know this here. I watch Lou Dobbs, CNN, and FOX a bit, and yesterday someone "online" posted, " TRUMP has not so good the odds as the are TOO MANY BLACKS AND MEXICANS in this country!" They would vote for me before a Rep. as they think they are going to get handouts! Those days are OVER!
You know that would not be on natl. t.v. as the person would get hung for speaking the truth. One of the channels DID permit,:the only people for Clinton are the over 55 women and the blacks. In this era, I can't believe that under 50 are for EITHER Dem or Rep. the way society has been urinated on so to speak by the gov. I believe in Libertarian, Green, and quit threatening the world ! I was looking @ moving money out of here, and looking @ DNB bank per a solicitation, and they WILL except U.S. clients. They want 100K to open an acct. so I don't know if I will do anything. Foreign banks are much better secure than U.S.. Maybe Russophile can post about Hong Kong or Singapore, they have A ratings, the U.S. banks and Brit have D or F.
Maybe I am 20 yrs too early?
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