For the first time since the Great Recession, the Dow closes above 14,000!

Dow industrials cross 14,000 mark for first time since October 2007

[link to www.marketwatch.com]

It is being propped up by hypothesized earnings growth that will not happen. It is going to fail as people see the actual reports from Corps on NYSE along with unemployment numbers reported (those that are truthful).

Where is the Gold to back our dollar?? How many people have been dropped by Unemployment that are still unemployed and not recorded by the Government?? Job Growth - yeah if you accept a job with 28 hrs a week with no benefits and taxed at 39% and you have to pay for your health insurance (mandatory).

the only 'people' where it matters what they see are investors.

a dollar backed by Gold is about the dumbest discussion ever created concerning currency. i want my dollars backed by things I can use...not a fucking rock.

the only hypothesized realities that will never emerge are the ones concerning a weak America.

Typical trap before the great crash

Thread: The Linchpin Lie: How Global Collapse will be Sold to the Masses. The Signs are in Place - URLs being Deleted!!

How do you store wealth with things that you use ?

Things that you use Rot, decay, deteriorate and degrade.
Thats why Gold has been used for thousands of years knucklehead. Timeless, portable and accepted around the world as payment.

You gonna store wood ?
You ganna store oil ?
You gonna store food ?
Much less carry your wealth in it from place to place ?
Could get heavy carrying a 100K worth of any of these/

Think dumb dumb. Money in the future will be backed by a basket of commodities including Gold. Look up the BIS (Bank of International Settlements) to firm up how stupid you look.

always has to be a great crash around the corner. doesn't it?

the last one didn't do the trick. and here we are back where we started.

that being said. its not going to crash on its own.

so you better get to work doing whatever it is you do.

you don't have the luxury of sitting around doing nothing.

a House is the primary way the vast majority of people will store wealth.

but that's not the point. you asked where is the Gold to back our dollar.

the basket of commodities (things you can use like wood, oil and food) including Gold, was a pathetic attempt by you to modify your original posting.

since Gold can't be altered or exchanged...i'm sure the Gold is just fine. you or the people you know may not own any of it...but its not going anywhere.

OMG.............Your house value is being supported by a printing press which is depreciating its value through that inflation. I never posted the "original" post you are referencing. Did you take the time to educate yourself regarding the BIS's future treatment of Gold on the worlds central banks balance sheets ?

Obama has saved us!

All hail Keynes!

Dow industrials close above 14,000 for first time since Oct. 12, 2007

[link to www.marketwatch.com]

I need a Dow 14,000 hat...where's ZAZZ!?

He probably OD'd on coke

The next American wealth boom has officially begun.

It may not feel like it for many Americans. But with the Dow breaching 14,000, shareholders and investors have recovered the more than $8 trillion in wealth lost during the recession and attained levels of paper wealth they haven't seen since the Roaring Oughts.

The stock market has gone from wealth destroyer to the nation's largest manufacturer of new millionaires and billionaires. The market moves are creating a new virtuous cycle of confidence for the wealthy. A new survey from Spectrem Group shows that millionaire confidence in the economy hit the highest level in two years, led by their bullishness on the economy and corporate earnings.

[link to www.cnbc.com]

DB!!
That is bad news. Makes me sick....

Probably...also, I note that Luisport doesn't post so many economic doom posts, anymore.

He's on a weather trip of late

IT'S A ROLLERCOASTER...AND, THE CHAIN JUST QUIT CLANKNING!

HANG ON, FOLKS!

My house has a limestone foundation and core and will still be standing long after many others have collapsed around it.

the value of my home is value is quite real.

maybe people should educate themselves on what value is and they won't have to worry about some hair-brained scheme BIS has concocted that will magically make everything different.

Cannot help but giggle at the Pro-Stock Market speculators.

Bet your future and fortune on it?! Just saying.

We are not out of a recession; we are in a depression.

Just wait and see my friends - you have been warned.

'just wait and see'

wtf do you think we've all been doing for the last 6 years and counting now?

you should be ashamed to continue to use that phrase...its offensive.

I used to hate the word "sheeple", but now it makes me laugh.

Backing your currency with something of value is a regulation that tells people this paper note is worth this much. That paper note is meant to be an IOU with back equity in a safe storage, known as a bank.

The IOU is there to easily transfer this value between two parties. If the dollar was not backed by any value, then the IOU posses no value. It only posses the value that the Fed gives it with the amount of currency supplied in the system. That means it is an unregulated currency.

Backing paper currency with metal or material, is a way to regulate a currency. Especially when you are dealing with other countries and currency exchange rates.

It is better to regulate your currency then not. Metals or materials are the easiest way to back a currency. Why? You can mold them into any shape or size you need and they posses great value. Gold posses the greatest value, which is why it is recommened to have a central bank to back the currency with gold. Central Banks are overrated though, because they are a monopoly on currency. Give it some competition and give the people the chance to choose their IOU provider. If their IOU provider is not backing the currency with material... well he is just going to lose business.

China for instance, is about to back it's currency with gold. It would quite literally destroy the American economy, because the paper currency is back by nothing.

See your flaw here?

Last Edited by Dr. Manhattan on 02/01/2013 08:14 PM

What is offensive is people like you implying that ALL IS WELL and we are going to avoid what is coming.

THAT...is offensive.