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Very Hot Topic (More than 25 Replies) Put Your Money in the Dow Now! (Read 216 times)
SicklersDink
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Put Your Money in the Dow Now!
Aug 10th, 2018 at 3:26pm
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Yes libertarians, it's time to take your gold and silver out of your mattresses and your potato patches. Here's why:

The Trump trade sanctions are doing huge damage to the USD but the truth needs to be hidden for a while so Trump's fight will have a chance of success. And so the Dow has to appear to be totally healthy and beyond any effects that counter measures are having on the US.

This makes the Dow a very safe place to be for the coming next few months. The trick is, to bail your asses out at the right time because this is going to be calamatous when the sh-t hits the fan.

I would suggest 6 months but don't take my word for it.

For the sake of an argument and a bet, I'm in for 4 months.

(oh, and stay clear of silver. Gold is about to make some big gains. The US can't control that one. And there's no reason for silver to tag along.
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #1 - Aug 10th, 2018 at 4:37pm
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What money? Do you think I can get the Fed to fill my account so I can buy stocks?

What does one share of the DOW cost these days?
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #2 - Aug 11th, 2018 at 7:30am
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This makes me want to buy gold and silver while it's still relatively cheap-

http://thecrux.com/1-trillion-deficits-and-the-crisis-of-the-entitlement-state/

Of course the Central Banks that are buying gold by the ton want it to stay cheap too, and one way to do that is to make regular folks think it's a bad investment.

  
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SicklersDink
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Re: Put Your Money in the Dow Now!
Reply #3 - Aug 11th, 2018 at 2:01pm
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Jeff wrote on Aug 11th, 2018 at 7:30am:
This makes me want to buy gold and silver while it's still relatively cheap-

http://thecrux.com/1-trillion-deficits-and-the-crisis-of-the-entitlement-state/

Of course the Central Banks that are buying gold by the ton want it to stay cheap too, and one way to do that is to make regular folks think it's a bad investment.



Keynsianism, from your link.

On a basic level, it's no different that any of us buying a car or a house and paying for it over a term longer than a year. It's the abuse that's the issue. If Supplysiders could come to terms with that it would go a long way to finding some kind of agreement.

In other words, attempting to fix the totally fkd up system in a year is just too destructive for the people. That's Trump in spades! Phony populism that's meant to work for stupid people over the short term.
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #4 - Aug 11th, 2018 at 5:16pm
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Keynsianism, from your link.

If it was mentioned at all, it was mentioned as a serious problem.

Keynesian economics have created massive problems in the entire world, problems for which the cows aren't home yet.
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #5 - Aug 11th, 2018 at 5:19pm
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On a basic level, it's no different that any of us buying a car or a house and paying for it over a term longer than a year.
It's very different Thingy. If you borrow money to buy a car, you make the decision and sign the contract, and you have to pay the loan off.

When the government borrows money, they decide to make you and your children and grandchildren pay it back. The "Lawmakers" who do the borrowing in our names get rich doing it, then we and our children and grandchildren are obligated to pay it back.

Not the same thing at all you stupid Thingy.
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #6 - Aug 11th, 2018 at 5:22pm
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In other words, attempting to fix the totally fkd up system in a year is just too destructive for the people.
That depends completely on what sort of "fix" you have in mind...

If it will destroy peoples lives, it probably isn't a good idea... But doing nothing is an idea that is just as bad, because it is certainly going to ruin a lot of peoples lives.

Lots of smart libertarians have proposed lots of good policies that could be immediately implemented, that would help, start to help...

I think the "Nationalist Libertarian" idea is to have a Libertarian Strong Man or something? Like Maduro perhaps?
  
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SicklersDink
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Re: Put Your Money in the Dow Now!
Reply #7 - Aug 11th, 2018 at 6:51pm
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Jeff wrote on Aug 11th, 2018 at 5:22pm:
That depends completely on what sort of "fix" you have in mind...

If it will destroy peoples lives, it probably isn't a good idea... But doing nothing is an idea that is just as bad, because it is certainly going to ruin a lot of peoples lives.

Lots of smart libertarians have proposed lots of good policies that could be immediately implemented, that would help, start to help...

I think the "Nationalist Libertarian" idea is to have a Libertarian Strong Man or something? Like Maduro perhaps?


Yeah, which one was it that was talking up the neo-Nazi stuff. Andrew or 567?

You know, only ex-miiitary for party leaders, brown uniforms, Wagner's music, etc.

Was that supposed to be a joke or was he for real?
Whatever it was, it seemed to embarrass everybody into silence! Sounded to me that he was thinking of somebody who would hate Maduro or Fidell. Maybe more like Il Duce?
  
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Jeff
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Re: Put Your Money in the Dow Now!
Reply #8 - Aug 12th, 2018 at 7:19am
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Yeah, which one was it that was talking up the neo-Nazi stuff. Andrew or 567?

You know, only ex-miiitary for party leaders, brown uniforms, Wagner's music, etc.

Was that supposed to be a joke or was he for real?
Whatever it was, it seemed to embarrass everybody into silence! Sounded to me that he was thinking of somebody who would hate Maduro or Fidell. Maybe more like Il Duce?
Who cares?

Libertarians don't like any of that extremist crap no matter how it's labeled. If it involves government controlling the economy (which necessarily requires control of almost all of people's lives), libertarians oppose it whether it is passed off as socialism or national socialism or democratic socialism or a crony military dictatorship called Italian Facism or a crony mercantile system called "capitalism".

Libertarians hate the systems created by "progressive" thinkers of all sorts who think they can make their country or the world a better place by taking control of the economy and/or the society.

People like Castro and Chavez and Mussolini and Hitler are too pitiful to hate, but what they created is not.
  
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SkyChief
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Re: Put Your Money in the Dow Now!
Reply #9 - Aug 12th, 2018 at 12:06pm
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Jeff wrote on Aug 11th, 2018 at 5:19pm:
If you borrow money to buy a car, you make the decision and sign the contract, and you have to pay the loan off.

When the government borrows money, they decide to make you and your children and grandchildren pay it back. The "Lawmakers" who do the borrowing in our names get rich doing it, then we and our children and grandchildren are obligated to pay it back.


Here's a 16 minute video which explains exactly what you told the Dink. If anyone is unclear about what governemnt borrowing/spending is, or how it works, I would encourage you to take the 16 minutes and watch this video.

  
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