And they still believe???

[nobass]

i just have one other thing to say to everyone who posted on this. when was the last time you call,wrote or e mail you congressman or senator and told him how you feel. complaining on the bass forums doesn't mean anything unless you do something about it. that is your right .

[nobass]

i will say one thing billy if i ever do need a lawyer i would like your address.

[bassboogieman]

Is it ok to come out now? Is the sandbox all clear? Oh, and Bryce, I'm not sending anything in the way of tax to you as you don't represent me, so no taxation without representation, seems I read that somewhere. But I'll buy you lunch at the Hollow, after you give me some pointers on TROLLING, although I think I do ok!

[nofearengineer]

Originally Posted by bassboogieman

Is it ok to come out now? Is the sandbox all clear? Oh, and Bryce, I'm not sending anything in the way of tax to you as you don't represent me, so no taxation without representation, seems I read that somewhere. But I'll buy you lunch at the Hollow, after you give me some pointers on TROLLING, although I think I do ok!

Touche!!

Frankly, if we were trolling at Dale, we'd be cooking ranbow trout for lunch.

[Top Tiger]

Good morning, This morning I was looking out of the bedroom window at the mountains and the hummingbirds feeding outside the window and was thinking,
That after all these years things have worked out pretty darn good for me and mine. NFE and everyone I apologize for being childish and resorting to schoolyard language. Roscoe, my dog has more of a chance to quit chasing the neighbor's cat than either one of us changing our minds. Yesterday, after the heated words, I went out to the boat and fixed some long neglected wiring, so feel free to get me upset anytime. And I am going to try to quit getting involved in conversations on this site that involve anything political or religious. Going to try to stick to stuff that is fun or funny or any help that I may be able to give. See you guys on another thread.

[bamabassman]

top, it's all good man. no harm,no foul ok? politics and religion are 2 subjects that is ALWAYS otuchy. i am not as book learned as bryce, billy and others on here. but EVERYONE is right, and eveyone is wrong. it's called LIFE and we all have to deal with it. lol.

now billy, oyu make some VERY good points. and i agree with oyu on almost each and every one of them.
got a question for everyone here discussing this. oyu talked about the government "making" 16 trillion dollars out of thin air. i know this happens, but my question is this. if we were on the gold, silver or some sort of precious metel standard instead of a "promisary note". would this still happen? correct me if i am wrong ok? but i don't think we are on ANY type of standard anymore. am i right?

[WTL]

Originally Posted by bamabassman

got a question for everyone here discussing this. oyu talked about the government "making" 16 trillion dollars out of thin air. i know this happens, but my question is this. if we were on the gold, silver or some sort of precious metel standard instead of a "promisary note". would this still happen? correct me if i am wrong ok? but i don't think we are on ANY type of standard anymore. am i right?

Not unless they figure out how to make gold in a lab.

We are not on any standard. The federal reserve is free to change the money supply however they wish.

Another thing. Say a country was in debt. Say they owed trillions of dollars. Say they were not on any standard. How do they pay this debt?

One way is to buckle down, and make government more austere.

Another is to print money everytime you need it, for anything, cause afterall if you are making the value of money go down, if 1 dollar is now worth .25 of what it used to be worth, then that debt which was denominated in dollars is now .25 of what it used to be as well.

Does this monetary tool sound dangerous to you? See why Ben Bernake is the most powerful man on earth?

[nofearengineer]

It's a touchy subject.

Some would say there isn't enough gold (or any other precious material) to serve as the standard to back our currency with. That's not really true, unless the price of gold were fixed.

So we're left with two options...either our currency inflates with no gold standard, or gold hyper inflates to keep our currency value stable.

Kind of odd that both are happening right now. That should tell you something big is about to happen, and I'm worried.

I would not advocate investing in gold. If it all hits the fan, you can't eat gold. It will just make you a target for bigger fish.

Wow...I don't like where this post is going....I'm home sick so I'm already depressed....ugh....

[WTL]

Originally Posted by nofearengineer

It's a touchy subject.

Some would say there isn't enough gold (or any other precious material) to serve as the standard to back our currency with. That's not really true, unless the price of gold were fixed.

Thats an interesting idea, I havent thought much about that.

I'm not into the idea of buying gold either. Its capable of becoming a shortterm bubble like everything else. Over time its going up though. I just don't see what else can happen.

The key, for all these posts and all these problems is "accountability". So I wont try and offer answers, cause I don't really have too much, other than that one word. And if we are accountable when it comes to monetary policy, we are going to back the dollar with something, possibly a basket of something, to limit the possibility of the fed destroying the life savings of so many.

When you have accountability, when you have consistency in law, when you have some degree of transparency, you can't really keep the American economy down. Thats my answer. Economics is not voodoo.

[bassboogieman]

Monday Aug. 11th was the 40th anniversary of the ABANDONMENT of the "gold standard" in the USA. Gold at that time was trading at $38 per ounce. Last week it was over $1700 per ounce. Imagine if you had bought just a few POUNDS of gold in 1971.

[keithdog]

Boy, I sure wish I had. My grandfather had the "in" when the Poleroid camera company was started. He had the chance to get in on the ground floor and invest in the company. He chose not to saying it was just going to be a fad.

[bamabassman]

i didn't think we were on any standard. and i am in agreement woth oyu both bryce and billy. it is gonna be bumpy here real soon i think. better learn how to grow oyur own food folks. we got our freezers FULL, neighbor has plenty of beef grazing too. one MORE good thing about being out in the country. got veggies, beef and got boat for fish. now if i can only learn how to catch dem fishies, lol.