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Hold off on buying

Discussion in 'Stocks & Investments' started by Leggo, Apr 26, 2012.

  1. Apr 26, 2012 at 2:10 PM
    #1
    Leggo

    Leggo [OP] slow is smooth, and smooth is fast.

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  2. May 9, 2012 at 8:41 AM
    #2
    Muy Grande

    Muy Grande Well-Known Member

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    It will never get to that.....because they will continue to kick the can further down the endless road. Things may get rough but "Financial Armageddon" funny stuff.

    I would however hold off on buying large stuff and hold on to some cash. That sounds like good advice by Leggo.
     
  3. May 9, 2012 at 8:43 AM
    #3
    OZ-T

    OZ-T All of those moments....will be lost.....in time

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    The US economy / debt burden is unsustainable ?

    Old news
     
  4. May 9, 2012 at 11:05 AM
    #4
    Muy Grande

    Muy Grande Well-Known Member

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    My point exactly.......what the whole world collapsed. No. I guess all we need now is for the Aliens to come back home. :eek:
     
  5. Oct 2, 2012 at 8:33 AM
    #5
    aphex

    aphex Well-Known Member

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    don't completely understand the thinking behind this thread.

    economic fiscal cliff = devalued dollar = hyperinflation

    in other words, buy a loaf of bread now for $1.27 or in two years for $5.89. hedging against hyperinflation means spending money now on tangible assets which will hold their value as the dollar implodes, not clinging to cash which is about to become as worthless as the paper its made of.
     
  6. Oct 2, 2012 at 8:38 AM
    #6
    GEORGE STRAIT

    GEORGE STRAIT (Not the real George Strait)

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    If hyper inflation is evident, theres no point to hold on to cash.. buy assets that depreciate at a rate lower than the inflation rate
     
  7. Oct 2, 2012 at 8:46 AM
    #7
    monsterkx2fiddy

    monsterkx2fiddy Well-Known Member

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    We don't have debt..
     
  8. Oct 2, 2012 at 8:49 AM
    #8
    kingston73

    kingston73 Well-Known Member

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    ..and elvis is still alive.
     
  9. Oct 2, 2012 at 9:00 AM
    #9
    monsterkx2fiddy

    monsterkx2fiddy Well-Known Member

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    Im an economists man. If we paid off all of our "debt" then other countries would pay us starting and endless cycle. We need "debt" other countries dont want us to pay our "debt". Educate yourself.
    let me guess kingston you think that we should impose higher taxes on our upperclass right? I mean 10% of our economy holds 90% of Americas money. We need to tax them huh?
     
  10. Oct 2, 2012 at 9:03 AM
    #10
    aphex

    aphex Well-Known Member

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    i think he was referring to this...

    [​IMG]

    [​IMG]
     
  11. Oct 2, 2012 at 9:05 AM
    #11
    kingston73

    kingston73 Well-Known Member

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    What's your solution, mr. economists? This is probably going to get locked because I don't see how this won't spill into talking politics, but yes, you're right, I get pissed off when somebody who made multi-millions of dollars is paying less taxes than I am.
     
  12. Oct 2, 2012 at 9:06 AM
    #12
    06indigoink

    06indigoink Well-Known Member

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    spend your money on guns, gold and silver.
     
  13. Oct 2, 2012 at 9:07 AM
    #13
    aphex

    aphex Well-Known Member

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    a man after my own heart.
     
  14. Oct 2, 2012 at 9:08 AM
    #14
    kingston73

    kingston73 Well-Known Member

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    I like this. A quality gun is one of the few things that will almost never go down in value.
     
  15. Oct 2, 2012 at 9:09 AM
    #15
    monsterkx2fiddy

    monsterkx2fiddy Well-Known Member

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    Yeah that guy...... creates jobs which does alot more then him paying more taxes.
     
  16. Oct 2, 2012 at 9:11 AM
    #16
    aphex

    aphex Well-Known Member

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    maybe he is an economists after all.
     
  17. Oct 2, 2012 at 9:13 AM
    #17
    NWTacoGuy

    NWTacoGuy Well-Known Member

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  18. Oct 2, 2012 at 9:14 AM
    #18
    kingston73

    kingston73 Well-Known Member

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    Let me guess, you are a college student, right? I miss those days when I knew everything.:D
     
  19. Oct 2, 2012 at 9:17 AM
    #19
    monsterkx2fiddy

    monsterkx2fiddy Well-Known Member

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    I am a college student! I also have my bachelors.....
     
  20. Oct 2, 2012 at 9:17 AM
    #20
    monsterkx2fiddy

    monsterkx2fiddy Well-Known Member

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    Im pming you
     
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