LIVE THREAD: WE'RE GOING OVER THE FISCAL CLIFF!

[TheTexan]

You mean until some temporary stop-gap measure that will merely delay the inevitable?

Yes, isn't it exciting?


0 day
14 hours
0 minutes
0 seconds

 

[shane77m]

 

[itshappening]

The Senate was scheduled to reconvene at 11 a.m. ET, when Majority Leader Harry Reid said he hoped to have an announcement despite acknowledging Sunday that there was "still significant distance between the two sides."
-

I wonder what sell out they will come up with? I hope Rand Paul objects and filibusters to expose them all !

 

[MoneyWhereMyMouthIs2]

Asked as he left a meeting of the Senate Democratic caucus whether a deal would be struck today, Sen. Joseph I. Lieberman (I-Conn.) replied: “AAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!”

 

[back2basics]

fiscal cliff=physical joke

 

[VBRonPaulFan]

i'm stoked about actual spending cuts happening, pretty pissed about taxes going up though.

 

[Brett85]

i'm stoked about actual spending cuts happening, pretty pissed about taxes going up though.

They aren't even actual spending cuts, but merely reductions in proposed increases in spending.

 

[Acala]

They aren't even actual spending cuts, but merely reductions in proposed increases in spending.

It's like your boss calling you into his office and saying "We are giving you a raise! Yay! Well, actually, technically, we are cutting your salary but we are cutting it by less than we would have if we were not giving you a raise! Yay!"

 

[VBRonPaulFan]

They aren't even actual spending cuts, but merely reductions in proposed increases in spending.

It ain't much, but at least it is something.

 

[LibertyRevolution]

I'm still not sure if this is going to be good or bad for my silver and gold.

Pro: chaos is typically good for the metals
Con: real cuts might actually strengthen the dollar

At the end of the day, dollars are just paper.

If the dollar does strengthen, then the cost of goods is lower, and your PM buy just as much stuff, just not as many dollars.

I'll swap gold for silver, or silver for gold, but neither for dollars. They can keep there monopoly money.

 

[itshappening]

gold up 10 bucks so far today

 

[liveandletlive]

is there any good cliff falling music?

we need a sound track to this

 

[oyarde]

is there any good cliff falling music?

we need a sound track to this

Did they have music @ the tower of Babel ??lol

 

[libertygrl]

 

[libertygrl]

is there any good cliff falling music?

we need a sound track to this

How's about this:

 

[NoOneButPaul]

Did you see my above post? The proposed cuts are 3/10 of 1% of spending.

Its all about perception...

If the markets acted rationally we would have imploded by now and gold would be over 10k....

I've been stacking both gold and silver since the absolutely abhorrent smackdowns post QE4 (perhaps the most blatant manipulation of the metals since 2-29-12) because i'm anticipating they come to some BS deal that involves a raising of the debt ceiling and more inflation.

If we go over the cliff the PERCEPTION will be our spending and debt will be reduced and our dollar will strengthen... i'm sure TPTB will use it as a way to smash the metals some more.

 

[NoOneButPaul]

At the end of the day, dollars are just paper.

If the dollar does strengthen, then the cost of goods is lower, and your PM buy just as much stuff, just not as many dollars.

I'll swap gold for silver, or silver for gold, but neither for dollars. They can keep there monopoly money.

I'm in total agreement... but I don't want dollars to strengthen and my purchasing power to remain intact.

I want this entire system to crumble so we can begin a new...

 

[VoluntaryAmerican]

is there any good cliff falling music?

we need a sound track to this

 

[Ender]

BUFFALO SPRINGFIELD:

"FOR WHAT IT'S WORTH"

 

[brushfire]

Cliff schmiff... Since when do they care about money at all? They dont even pass budgets anymore.

Prediction: they'll forgo the cliff and keep spending, regardless of any symbolic/temp resolution that may come thereafter.