Comments on: US Homeowners Hit as Residential Property Sinks 5% Per Year

By: Man in a Shed

Man in a Shed — Mon, 12 Nov 2007 21:39:36 +0000

There are shades of Harold Wilson's "It does not mean that the pound here in Britain, in your pocket, in your purse of bank has been devalued" speech in the Feds denial of the impact of the dollar slide. The BBC are commemorating the 40th anniversary of this major economic humiliation of the UK under its then Labour government here.

By: bzn

bzn — Mon, 12 Nov 2007 10:30:46 +0000

What do you guys think of Ron Paul's idea of allowing a competing legal currency in gold and silver?

By: Dayahka

Dayahka — Mon, 12 Nov 2007 06:15:09 +0000

Did you see Bernanke dribble over himself when Ron Paul asked him how you can fight inflation with inflation, and Bernanke replied: Well, stuff from here won't have a higher price, as if there's any stuff from here anymore.

Anyway, why gold, gold, gold? May not the government confiscate it or set a fixed price? And what about other tangible assets like land or platinum or copper or even fresh artesian water? Even one of the gold-buying places you mentioned only gives you paper gold--and that sort of business, too, may go the way that Citi and most banks are headed now, so you could just as easily end up with worthless paper (or just photons on a computer screen).