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<p>[QUOTE="longnine009, post: 4432894, member: 1886"]Remember how people in the PM room made fun of the silver sellers calling for doomsday next week, or maybe in the next hour so better hurry? What if people are worried that the doomsday folks are the dials on the "broken clock?"</p><p><br /></p><p>What if they are worried that all this porkulus and bailout money will lead to high inflation? It doesn't matter if we get inflation, deflation or a shrug. It's what people hink and act upon that matters. </p><p><br /></p><p>They borrowed 2 trillion dollars in one day. How long did it take this country to accumulate just one trillion in debt--centuries? Last I heard there was 26 million unemployed. How is this going to work? Who pays? Were does the money come from? Maybe people are becoming less terrified of corona and more terrified about the economy.</p><p><br /></p><p>People in 1979 were hoarding PM's and coins. Inflation was 16--21% depending on who was reporting it. There were alot of coin investors buying anything shiny as long as Captain Ahab hadn't pounded a nail through the center.[/QUOTE]</p><p><br /></p>
[QUOTE="longnine009, post: 4432894, member: 1886"]Remember how people in the PM room made fun of the silver sellers calling for doomsday next week, or maybe in the next hour so better hurry? What if people are worried that the doomsday folks are the dials on the "broken clock?" What if they are worried that all this porkulus and bailout money will lead to high inflation? It doesn't matter if we get inflation, deflation or a shrug. It's what people hink and act upon that matters. They borrowed 2 trillion dollars in one day. How long did it take this country to accumulate just one trillion in debt--centuries? Last I heard there was 26 million unemployed. How is this going to work? Who pays? Were does the money come from? Maybe people are becoming less terrified of corona and more terrified about the economy. People in 1979 were hoarding PM's and coins. Inflation was 16--21% depending on who was reporting it. There were alot of coin investors buying anything shiny as long as Captain Ahab hadn't pounded a nail through the center.[/QUOTE]
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