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Market Crash Soon

This thread is degenerating...

Try this : http://en.wikipedia.org/wiki/Gold_reserve You can even sleep better.......

Salute ( Date: 17-May-2011 22:59) Posted:

good, good.......I can sleep peaceful.

by the way, may I ask if you know how much gold reserve the states has

teeth53 ( Date: 17-May-2011 22:43) Posted:

We did that many years back by planting veg and food chains oversea. We also had a net work of rice merchant world wide, only no money - no talk, got money - can buy. we are somewhat lucky been taken care off.

good, good.......I can sleep peaceful.

by the way, may I ask if you know how much gold reserve the states has

teeth53 ( Date: 17-May-2011 22:43) Posted:

We did that many years back by planting veg and food chains oversea. We also had a net work of rice merchant world wide, only no money - no talk, got money - can buy. we are somewhat lucky been taken care off.

I am just chatting here, but thinking that if things dont function as normal, we will have to go be to the primitive lifestyle, therefore the planting and " bring up" animals.

Capitalism was an ideal to make people to work and be responsible for itself, you make money, you have food and good things. Therefore money has it's value. But now, they just kept printing and printing and can owe up such gigantic debt and let it be delinquine or just let it be rolled bigger and bigger.......either way ,it make this system look fake(like a game).........I think back to planting and rearing chicken more normal and logical.............sorry, simple minded.

Sure, reaction is to keep lots of food.

If this one burst, it can't rescue it like in 2008, pumping in money.......

On food. Our govt is doing just that by doing us a flavour in securing production food chain offshore, and by setting up Giant, Carrfour, Shop and Save, Cold Storage, Sheng Siong, NTUC fairprice at wholesales and retail price.

ya, how much can you hoard food if it last for months, so a little land can plant vegs and rear chickens, much better

Andrew ( Date: 17-May-2011 21:56) Posted:

I thought it will be good to hoard food if the unthinkable arrive ??

Salute ( Date: 17-May-2011 21:47) Posted:

don't know how melting and choatic when it arrives. Will our currency be sound, will gold help much at then. will the property prices drop, of course like before the stock market will be 面目全非。 but Ipunter ever said the financial world no matter how will carry on....anyway still scary.

Better save the money and buy half a million dollars house with a plot of lawn instead of the 4 walls HDB flat, so that can self supply food for oneself and build a 6meter vertical wall so that no neighbour will come in and steal it.........

I thought it will be good to hoard food if the unthinkable arrive ??

Salute ( Date: 17-May-2011 21:47) Posted:

don't know how melting and choatic when it arrives. Will our currency be sound, will gold help much at then. will the property prices drop, of course like before the stock market will be 面目全非。 but Ipunter ever said the financial world no matter how will carry on....anyway still scary.

Better save the money and buy half a million dollars house with a plot of lawn instead of the 4 walls HDB flat, so that can self supply food for oneself and build a 6meter vertical wall so that no neighbour will come in and steal it.........

Wait a minute...6m wall?. sirkari U.S. send naval seal how..?

I will LOL lohh.

Salute ( Date: 17-May-2011 21:47) Posted:

don't know how melting and choatic when it arrives. Will our currency be sound, will gold help much at then. will the property prices drop, of course like before the stock market will be 面目全非。 but Ipunter ever said the financial world no matter how will carry on....anyway still scary.

Better save the money and buy half a million dollars house with a plot of lawn instead of the 4 walls HDB flat, so that can self supply food for oneself and build a 6meter vertical wall so that no neighbour will come in and steal it.........

http://money.cnn.com/2011/05/16/news/economy/debt_ceiling_deadline/index.htm

The tap dance begins: Treasury Secretary Geithner said he can move money around to keep U.S. out of default until Aug. 2.

NY(CNNMoney) -- It's official: The U.S. govt hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress. He would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the govt to continue borrowing in the debt markets.

He went on to urge Congress once again to raise the country's legal borrowing limit soon " to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens."

Congress, meanwhile, is not showing any signs of budging. Many Republicans and some Democrats say they won't raise it unless Congress and President Obama agree to significant spending cuts and other ways to curb debt. (Social Security and Medicare squeezed)

If lawmakers don't get it together by Aug. 2, the United States will no longer be able to pay its bills in full.

S& P said it did not see Washington agreeing on a plan for its dept before the Nov 2012 presidential election.

Defaulting on BOND in unthinkable, it debt now stood at US$14.29 trillion (S$17.6 trillion) a click away which can plunging U.S. into it ever worst finance disaster again.

How many times has the ceiling been raised? Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade. Barring major changes to spending and tax policies, " Congress would repeatedly face demands to raise the debt limit," CRS wrote.

What happens if Congress doesn't raise the debt ceiling before Aug. 2? No one knows for sure. But the going assumption is that no good can come of it.

What happens if Congress blows the debt ceiling?

Treasury would not have authority to borrow any more money. And that can be a problem since the government borrows to make up the difference between what it spends and what it takes in. It uses that borrowed money to help fund operations and pay creditors.

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Market Crash Soon

What happens if Congress blows the debt ceiling?