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Message: Re: ANOTHER JIM SINCLAIR MESSAGE
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Jul 03, 2011 11:38AM
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Jul 03, 2011 12:11PM
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Jul 07, 2011 11:28PM
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Jul 08, 2011 01:12AM
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Jul 08, 2011 04:32AM

so you dont believe in a "standard" of some kind? gold, chickens, putang? i think eventially to have a true indication of a currencys real value you must back it with something other than "faith and credit"... that's why i say it makes no difference how much you print. worldwide currencies are not backed by anything so imo ALL currencies are legitimately worthless...the only reason i take cash is because everyone else does....

sinclairs arguments seem to continually forecast economic armageddin for the western world but what makes chinas money worth anything??? do you have more "faith" in china?

basically, they base thier yuan on what they export, we base our dollar on what we consume...in the end, if we stop consuming, we both go down the shitter...it's time for a new economic model!!! for all sides... personally, i kinda like the putang idea...the western world has some beautiful women..we'd all be rich!!! the middle east could be in trouble..

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ctw
Jul 10, 2011 12:46AM
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