tag:blogger.com,1999:blog-3008275388825682841.post7258589405732694449..comments2024-03-12T03:32:18.680-05:00Comments on The Mean Old Investor: Dear President ObamaMr. Kowalskihttp://www.blogger.com/profile/07899577790533734474noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3008275388825682841.post-39535502713211999892010-07-08T07:47:39.364-05:002010-07-08T07:47:39.364-05:00Great post! U.S. government doing what it does bes...Great post! U.S. government doing what it does best...spend and extend and pretend! Our "representatives" remain clueless and maybe if they actually had experience in the real business world, they might comprehend that simply throwing money at all situations does not work...wait a minute, let me have my 2nd cup of coffee and wake up as I think I just made it sound like they have the potential to actually care about Main Street versus Wall Street.Bear Hughttps://www.blogger.com/profile/13807393286786630944noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-9190010877130154782010-07-06T10:52:21.457-05:002010-07-06T10:52:21.457-05:00The leaders don't care if they get paid minimu...The leaders don't care if they get paid minimum wage in their government cheques. They get their real salary in bribes disguised as "campaign contributions," corporate donations to the leaders' "charitable foundations," perks like junkets to resorts where they fly on corporate jets... And if they do their masters' bidding, there's always a high-paid "consultant" job for the industry they've done the most favours for, a la Billy Tauzin of Louisiana and BigPharma. I bet the ones who have been in there for a while can't wait to get tossed out of office. Then it's payiff time, baybee!Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-66434868495455900202010-07-06T09:04:44.507-05:002010-07-06T09:04:44.507-05:00"A currency standard who's value is based..."A currency standard who's value is based upon a basket of commodities.. lets say that 100 New Dollars would equal 25 bushels of corn, or 15 bushels of wheat, or 30 pounds of copper, or.. or.. or.."<br />---------------------------------<br />..or Gold<br /><br />Sorry, Mr. K., but I side with QueenBee on this one.<br /><br />Gold has always represented wealth; always been a store for wealth. WHeat, corn, even copper are consumables.<br /><br />Having said that, if things REALLY collapse then food will indeed become money.Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-11650934437184303982010-07-05T21:31:58.005-05:002010-07-05T21:31:58.005-05:00All my comments are getting lost. A very nice read...All my comments are getting lost. A very nice read.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-66962647300062831302010-07-05T20:26:13.345-05:002010-07-05T20:26:13.345-05:00A very nice read. Whatever system they use they wo...A very nice read. Whatever system they use they won't be able to get me to fight in their wars or scrub their toilets or guard their compounds. Small cooperative groups based loosely on barter will develop after the maggots finish killing off 99% of the people and animals on the planet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-10541332787391100172010-07-05T18:01:00.556-05:002010-07-05T18:01:00.556-05:00If state workers go to minimum wage, isn't it ...If state workers go to minimum wage, isn't it fair (and right) for the leaders to accept the same measure?<br /><br />Seems to me that this is what defines elitism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-49989515411075247582010-07-05T17:44:57.100-05:002010-07-05T17:44:57.100-05:00My problem with most commodities is they have a li...My problem with most commodities is they have a limited shelf life. Also we can already trade a bushel of wheat for fiat. The issue I have is that the banksters will hold 1 dollar in deposits for every 10 they loan out. When it comes to investment banks, the leverage can be as high as 40 to 1. Basically money is backed buy the faith of the world governments and I have no faith in the governments.Queenbeehttps://www.blogger.com/profile/01726258173148844436noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-71291593551926953042010-07-05T17:35:48.288-05:002010-07-05T17:35:48.288-05:00My problem with gold or silver based currency is t...My problem with gold or silver based currency is that these commodities are able to be manipulated (Hunt Bros ring a bell ?). But a basket of them, lets say a dozen, are exceedingly unlikely to be manipulated all at the same time. Just my $.02Mr. Kowalskihttps://www.blogger.com/profile/07899577790533734474noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-47412014665117787282010-07-05T14:59:18.844-05:002010-07-05T14:59:18.844-05:00Well if we backed it by gold the US would be sitti...Well if we backed it by gold the US would be sitting pretty since we by far own the most gold. However, to cover the amount of cash and debt gold would have to be around 50k per ounce or so I am told. This will not happen. I mean ever. You cannot print gold and the banksters could not leverage it 40 to 1.Queenbeehttps://www.blogger.com/profile/01726258173148844436noreply@blogger.comtag:blogger.com,1999:blog-3008275388825682841.post-68412489267517973542010-07-05T13:51:22.639-05:002010-07-05T13:51:22.639-05:00I called the POTUS and he said his advisors say ev...I called the POTUS and he said his advisors say everything will work out fine and I should stop worrying. We've got this all figured out. He said his peeps handle the little stuff like the economy. He handles the big stuff like the "War on Terror." I said sir with all due respect our only military action is our occupation of Iraq and Afghanistan. Do you plan to stay there forever? We haven't had a terrorist attack the likes of 9/11 in 10 years. His response was "that is because we are winning." At that point I gave up hung up and phone and just muttered to myself "The guy is a lost cause."Queenbeehttps://www.blogger.com/profile/01726258173148844436noreply@blogger.com