Quote:
Originally Posted by Barry-xlovecam
[INDENT]Price of Gold:
2000 = $279.11
8/2012= $1620.41
That chart is just spin -- the dollar has lost value.
Admittedly, the Gold values are distorted.
Maybe, the real range of value should be 2000 $400 and today $1,200 so divide the real debt values accordingly ... Then factor in the percentage of GNP and the population growth.
|
Soon as QE3 happens, it's going up even more.
Quote:
Originally Posted by Rochard
I'm sorry, it doesn't matter who was in office. The only solution for this problem is time, and that's a fact. Some of the things Obama did might have helped, or maybe not so much. But this also isn't a four or eight year problem. This will take us ten years to get back to "normal". And even then, we'll never be the same again. We've changed and we are scared it might happen again.
|
The main economic problems would have happened if Jesus himself was in office. So in that aspect, you are correct. However, how Obama reacted to the problem is what matters.
But I do agree that things will never be the same. And it will happen again, and it will be worse because they did not fix the root of the problem and borrowed and printed even more money. The next blow isn't going to be so easy to put another band-aid on. There won't be any more Government money to bail out companies and banks. So what should have happened already, will eventually happen. It's only a matter of time.