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Buy Silver Crash JP Morgan West Belfast Style (****)

15 years ago  #21
Level 23
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i dont follow u, what do u mean so..the rest of the world goes completely broke, thats not what i said at all

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15 years ago  #22
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As the rest of the world realises the $ is mainley based on corrupt banking models operated by corrupt bankers its value will tumble, as the price of precious metals, particulary silver skyrockets. When people loose confidence in the currency, historicly, precious metals have allways taken over.

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15 years ago  #23
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2 common banking models are :

the 1 we use : http://en.wikipedia.org/wiki/Fractional-reserve_banking also known as fiat currency

and were we may be headed : http://en.wikipedia.org/wiki/Gold_standard

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15 years ago  #24
Level 27
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that global economy fuckin confusing

15 years ago  #25
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Prison: South Dakota
Incarcerated: 16 years, 4 months
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Your currency MUST represent something, i.e coal , oil, gas , gold , timber, ship/car building etc etc , You add up all the resources in your country and value your currency based upon that. When the value of your currency is mainly based on things like futures contracts, dirivities, bonds , loans and debt , u have a problem.

Last edited by eazyas 15 years ago

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15 years ago  #26
Level 23
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Incarcerated: 16 years, 4 months
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Originally posted by JayMeal how much silver do u own eazyas

not nearly enough, however, im working on that

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