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U.S. Economy Exit Plan
#26

U.S. Economy Exit Plan

Quote: (04-22-2011 06:45 PM)hydrogonian Wrote:  

Quote: (04-20-2011 11:35 PM)rudebwoy Wrote:  

As you probably know China holds most of the American debt, which is anyone's guess how much it is at this rate. The debt is spiralling out of control and no amount of Quantitive Easing will rescue it. How long will China hold onto the debt? I have read that the US Government is basically selling out the country as we speak (I can dig up the articles if you think I am wrong).

Look at the job market, the housing market, the price of gas, the car industry that was basically bailed out by the tax-payer. Do you think these jobs that are being out-sourced to third world countries are coming back? Look at the Detroit (motor city) they are tearing down houses to build parks. They cannot give away houses. In the Toronto Star I have seen full page ads tempting Canadians to buy property in Florida.

What they are not telling you is that the Rich are already leaving the country and planning to leave. They are also dropping the dollar for gold/silver. I know a well to do lady in Canada who sold her house, is renting now and in the process bought large amounts of precious metals.

Let us not forget that history repeats itself, some are already calling it the great depression 2.

http://urbansurvival.com/week.htm - interesting blog I read daily.

So, whats the end game?

Although, I will say that I don't think that the rich are jumping like rats on a sinking ship. If you can provide proof for this, Id be interested.

http://www.cbsnews.com/video/watch/?id=7360932n Not as much the rich, but big corporations are certainly.
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#27

U.S. Economy Exit Plan

Precious metals...
That's what they're there for. At least as an inflation hedge.
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