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With silver dropping like a rock, it ight be tie for me to invest.
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<p>[QUOTE="InfleXion, post: 1274821, member: 29012"]I think a recovery in this timeline is possible, but if they couldn't make the right decisions after the 2008 scare until now, it doesn't exactly inspire confidence that there is anything else that will jolt them into making decisions that benefit the masses instead of a few elitists. I'm looking at negative real interest rates for my primary barometer on metals, as well as money creation. Interest rates will probably have a lot to do with any successful recovery, but right now the game is borrow for free and loan back to the borrower to make profits on the low interest. Between that and high frequency trading algorithms that are now running in the nanoseconds, the strong hands in the economy right now are not adding much, if any productive capacity which I believe is necessary for the foundation of a solid recovery. I'd rather be broke and cursing the price of PM's in a strong economy with a strong dollar than being made rich at the expense of the greater good, but I feel the best course is to be able to function in any situation so that my livlihood is not dependent on any particular outcome. I think we will ultimately see a recovery after the current monetary system is reformed, new rules enforced to eliminate the risky gambling in the market (prevent shorts provided by fractional reserve banking, enforce position limits, remove margins, etc), and a new or revised currency backed by some kind of metal standard or, less preferably, a global currency basket without a metal backing which would be at risk of the same mistakes. The idea of paying the debt after a recovery isn't impossible, but at current debt levels it would require a recovery lasting longer than some governments do, and the amount of debt thrown into the system since 2008 has not proven to be very effective so far.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1274821, member: 29012"]I think a recovery in this timeline is possible, but if they couldn't make the right decisions after the 2008 scare until now, it doesn't exactly inspire confidence that there is anything else that will jolt them into making decisions that benefit the masses instead of a few elitists. I'm looking at negative real interest rates for my primary barometer on metals, as well as money creation. Interest rates will probably have a lot to do with any successful recovery, but right now the game is borrow for free and loan back to the borrower to make profits on the low interest. Between that and high frequency trading algorithms that are now running in the nanoseconds, the strong hands in the economy right now are not adding much, if any productive capacity which I believe is necessary for the foundation of a solid recovery. I'd rather be broke and cursing the price of PM's in a strong economy with a strong dollar than being made rich at the expense of the greater good, but I feel the best course is to be able to function in any situation so that my livlihood is not dependent on any particular outcome. I think we will ultimately see a recovery after the current monetary system is reformed, new rules enforced to eliminate the risky gambling in the market (prevent shorts provided by fractional reserve banking, enforce position limits, remove margins, etc), and a new or revised currency backed by some kind of metal standard or, less preferably, a global currency basket without a metal backing which would be at risk of the same mistakes. The idea of paying the debt after a recovery isn't impossible, but at current debt levels it would require a recovery lasting longer than some governments do, and the amount of debt thrown into the system since 2008 has not proven to be very effective so far.[/QUOTE]
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With silver dropping like a rock, it ight be tie for me to invest.
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