Global Financial collapse

[Finnster]

So we going up or down 5% today?

[JERRY2KONE]

The markets are teetering back and forth as everyone waits to see what happens with the US Governments handling of the US debt which is climbing higher and higher as our leadership looks for ways to side step a very large financial problem that no one seems to have a good answer for. It appears that the only answer will be to reduce/shrink/dismantle its military to a point that is unsafe and in fact very scary. I belive that if they stop all of the futuristic research, design, and construction of upcoming weapons that are planned to take us into the next decade, but doing so will put over a million people out of work due to canceled contracts, which will all trikle down causing even more financial problems for the USA. The bottom line is that the economy will not fix itself. Something major has to change in the way the Gov handles itself.

Now the European markets are begining to show signs of faltering due to its own growing debt issues that also are not going to just go away without some level of compromise. The credit system as a whole has finally grown so large that no one seems to be able to deal with it any longer.

[lutach]

Originally Posted by Finnster

So we going up or down 5% today?

All depends on what the high frequency trading firms decides . They'll make money up or down. Asia is down and if Europe is down then maybe here in the Americas it will be the same. I just hope the US citizens can realize where the big Gov. is taking them. The Fed. chairman doesn't believe that Gold is money and printing money is the solution. Ever since money has been in use, it was first metals such as Gold, Silver and Copper that was used. The US had the Dollar backed by Gold and if the Dollar was still backed by Gold this country would've been in a much better place. From what I know, Gold and Silver is the only legal tender: http://www.house.gov/house/Constitut...stitution.html (Article I, Section 10, Clause 1)

So does the US (the people) have $15 trillion (or more) in Gold or Silver to pay the debt?

Put this in your favorite search engine, "Gold, Silver Now Legal Tender in Utah."

Might add this in as well: http://www.rc-monster.com/forum/show...&postcount=332
http://www.rc-monster.com/forum/show...&postcount=338