http://www.atimes.com/atimes/Global_Economy/JG24Dj01.htmlThe inflation in the prices of stuff has now affected Americans to a material new degree for the first times in our lives; we are gambling less, we are driving less, we are eating in restaurants less, and we are (in general) suffering a falling standard of living because we can't buy as much stuff, and especially can't afford to buy as much pleasurable stuff, anymore, and believe me when I tell you that nobody is more grumpy about it than I.
One reason is made manifest when one notes that this includes, according to the AP, the Association of Club Executives, which is "a group that represents adult entertainment clubs" and whose spokesperson Angelina Spencer says she, "fields calls every day from strip-club owners feeling the pinch of a bad economy."
An adult-club owner named Joe Redner says that although business is down 25%, "the economy does have one upside for the business - it's bringing out more women willing to give pole dancing a try." Hahaha!
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So how high can gold go? My usual answer is to first demand an estimate of, "How low can the dollar can go?", which is the same as asking "How low WILL the dollar go?", which is the easiest question on the whole mid-term exam; the answer is that it can, and will, go to zero.
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Once gold held for investment was worth more than the US stock market, and now total gold in less than 1.4% of financial assets? Wow! The inescapable conclusion is that there is a lot of room for gold to go higher and higher and higher, just like history predicts it will! Whee!
The historical record of monetary policies as regards fiat money sure makes investing easy, as it does not even involve using a calculator, working, or even thinking! Buy gold, silver and oil! Whee!
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women - keep a tight reign on your own finances. don't make loans to friends or SOs. make backup plans. keep your finances private. make sure your kids are covered.
scammers will want to silver tongue you if they think you have any bucks.