In "real" terms, the US equities market has not only been 'flat' but has actually 'lost' value over the past decade. It has NOT been a good investment.
- It doesn't matter how high the ticker tape prints, so long as the value [read: purchasing power] of the Dollar declines.
Doubt me?
Look at the 'value' of an ounce of silver over the past ten years.
- In 2001, you could buy 20 ounces of silver for $90.00
- By spot closing 08 April 2011 the same 20 ounces of silver cost $800.00
I try not to think of it as the value of precious metals rising, so much as the value of fiat paper currency dropping.
- And, no I do NOT think precious metals are an 'investment' but rather an insurance policy against gross malkfeasance and mismanagement on the part of the government. With a single-digit 'approval' rating of our feckless and completely useless Congress, I rest my case. Incompetence writ large.
There's plenty of 'credit' to go around Barry Soetoro, so no worries. Claiming 'credit' for one grain of sand on the beach of gooberment indebtedness [read: insignificant budget cuts?] is merely the kabuki theater American politics has devolved into.
- But hey, what do you care anyway? You're an Indonesian citizen*...
*foot note for Democrats(C): Even IF Barry had been born under the desk on the floor of the oval office, he'd still NOT be eligible to be POTUS. Under the Constitution, Article II, Section 1, Clause 5, future Presidents are required to be born to TWO parents who are US citizens.
- Barry, you only had ONE US citizen parent, so it does NOT matter where you were born (but I don't blame you for stonewalling and hiding your birth certificate, it does serve asa good distraction from your REAL problem)!
Monday, 11 April 2011
Priceless....from Rico
From Theo Spark at 03:57
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1 comment:
Rico's making up interpretations of the Constitution that simply are not law with respect to the definition of natural born citizen.
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