"Treasury bonds = junk!!"

[RSLudlum]

Forbes vs. Peter Schiff on Fox Business

http://www.youtube.com/watch?v=K-FApx3VGoE

 

[Dr.3D]

Yeah, what good is a treasury bond if it can only be redeemed in worthless inflated fiat dollars?

 

[torchbearer]

I didn't realize Forbes was such an idiot. I thought he wanted a gold backed currency.
He thinks we can print our way out of this shit and the dollar still be good as gold.

 

[tpreitzel]

Take off the gloves, fellas!

Personally, I'd like to heard more of the exchange between those two.

 

[lodge939]

Forbes put up a better fight than mike norman at least

 

[weatherbill]

I didn't realize Forbes was such an idiot. I thought he wanted a gold backed currency.
He thinks we can print our way out of this shit and the dollar still be good as gold.

Actually, Forbes is very smart here....think about it

encouraging inflation......

 

[NoMoreApathy]

Yeah, what good is a treasury bond if it can only be redeemed in worthless inflated fiat dollars?

You'd be buying treasuries to protect against and profit from deflation, in which case those dollars would be worth more.

 

[Malakai]

Forbes is actually really smart, and he understands at least the fundamentals on the dollar. However he thinks the government will preserve the dollar, he said it several times.
But we know they are creating trillions right now between all the credit injections and bailouts. He said we would have to be paying trillions in interest, but we already spend that much off and on the books for bailouts and other injections.

He also made it clear he believes America is happy super land and the rest of the world will never stop supplying us with everything for dollars.

They all believe that our gigantic GDP means we have all this wealth and savings. They won't acknowledge that it so much of it was all borrowed money we can never pay back!

 

[Dr.3D]

You'd be buying treasuries to protect against and profit from deflation, in which case those dollars would be worth more.

Good luck having deflation. Look at all of the fake money being created to fight this planned economic crisis.

If people were allowed to have their own money that the value of could not be controlled buy anybody else, this problem would never have happened.

This was the reason for a gold and silver standard. The money was in the hands of the people rather than having the value controlled buy somebody who would profit from being able to control the value of it.

 

[NoMoreApathy]

Good luck having deflation. Look at all of the fake money being created to fight this planned economic crisis.

If people were allowed to have their own money that the value of could not be controlled buy anybody else, this problem would never have happened.

This was the reason for a gold and silver standard. The money was in the hands of the people rather than having the value controlled buy somebody who would profit from being able to control the value of it.

At some point they would have to start extinguising money, especially if overseas Dollars are dumped. If or when we see hyperinflation, the end result of that would have to be deflation, or we would just wither away into nothingness like Zimbabwe. I think the US is always going to be the supreme country in the world, but there will be really tough times along the way.

You diversify. You hedge about 50% against inflation, and at least 25% for deflation if you can afford it. As you see the signs pointing towards deflation, you move more into more liquid cash positions, like Treasuries. At least most of us Paul supporters will probably see it coming before the rest of the braindwashed morons.

 

[Dr.3D]

At some point they would have to start extinguising money, especially if overseas Dollars are dumped. If or when we see hyperinflation, the end result of that would have to be deflation, or we would just wither away into nothingness like Zimbabwe. I think the US is always going to be the supreme country in the world, but there will be really tough times along the way.

You diversify. You hedge about 50% against inflation, and at least 25% for deflation if you can afford it. As you see the signs pointing towards deflation, you move more into more liquid cash positions, like Treasuries. At least most of us Paul supporters will probably see it coming before the rest of the braindwashed morons.

I know what you are talking about and agree with you.... it's just that I keep looking at the thousands of 1981 Mexican Peso notes I have stuffed into a glass on the shelf here and think about what happened to make them worthless.

 

[NoMoreApathy]

I know what you are talking about and agree with you.... it's just that I keep looking at the thousands of 1981 Mexican Peso notes I have stuffed into a glass on the shelf here and think about what happened to make them worthless.

Unless some other country rises up and becomes the world's superpower, we'll have perpetual currency hegemony, regardless of hyperinflation/deflation. We'd probably have a hell of a lot of nasty war along the way, a lot worse then what we even see now. And I'd think for someone like, say, China to become the superpower for instance, it would take them invading and conquering us. Basically, there would have to be full-out war in our own country. In which case I probably wouldn't be worried about the future of our currency anymore, anyway.

 

[Dr.3D]

Unless some other country rises up and becomes the world's superpower, we'll have perpetual currency hegemony, regardless of hyperinflation/deflation. We'd probably have a hell of a lot of nasty war along the way, a lot worse then what we even see now. And I'd think for someone like, say, China to become the superpower for instance, it would take them invading and conquering us. Basically, there would have to be full-out war in our own country. In which case I probably wouldn't be worried about the future of our currency anymore, anyway.

How about if there is just a one world currency? Then the dollar would be worthless and that new currency would rule.

 

[Dr.3D]

Bond Market Collapse is Imminent

Another view of the Bond Market.

Imagine a country such as Venezuela announced that it was bailing out an investment bank, then just days later said it was nationalizing its mortgage industry, and then just days later that it was bailing out its biggest insurance company, and then just days later its government pledged 700B$ to inject into its failing banks, and then just days later its stock market fell 20%. Would you feel comfortable having your money invested in such a country, in its stock market, in its bond market or in its currency?

I hope you answered “No” or “Hell, No!” to the above question! So why should you feel any different about the situation if the country is called “America”? I am going to show you that the US Bond market is on the brink of collapse and with it will come the collapse of the currency, just as you would expect to be the outcome of such ridiculously inflationary policies in any other country.

Read the rest of this article here.

 

[torchbearer]

Another view of the Bond Market.

ruh-roh!

 

[Brian4Liberty]

I am sure that Forbes was just excited and mis-spoke, but did anyone catch how he said that the US has had a trade deficit for the last 400 years?

 

[Pauls' Revere]

I didn't realize Forbes was such an idiot. I thought he wanted a gold backed currency.
He thinks we can print our way out of this shit and the dollar still be good as gold.

You know I heard him on tv the other day and he sounds so different than he did back in the 90's during the days of Perot. I think possibly he has some venture wrapped up somewhere where he would benefit from this kind of monetary policy. I have no proof of such just a gut check. He was much more a free market guy.