Time to learn Chinese, New 1 world currency in the works????

[rwh11385]

Read up people

http://inflation.us/dollarcollapseanytime.html

USD has been the third best performing currency in the last 100 years and remains to be strong. Not being aware is a reason people get afraid and believe bullshit or gotta grab the tin-foil-hats ideas.

http://personalmoneystore.com/moneyblog/2010/11/09/national-inflation-association/

The National Inflation Association is run by Gerard Adams. Adams is a stock analyst who also runs the newsletter “Wall Street Grand,” which offers advice on which stocks to buy and sell.

Given that Gerard Adams makes his living off the buying and selling of stocks, it is logical to assume that he stands to gain or lose based on the recommendations made about stocks by the Association.

http://www.gerardadams.com/

Mr. Adams has been bullish on commodities (Gold, Silver,& Agriculture) for many years, even while gold was still under $600 an ounce. In 2009, Mr. Adams enjoyed an average gain of 269% on 14 Gold Stocks he had picked earlier that year, while his Silver Stock Picks had an average gain of 260% that year.

People who read this crap, and invest purely on such propaganda, is one influence on why Gerard Adams is making money. So if you want to help him out, just go along and believe whatever he says...

[Fusion]

Well, seems he isn't an idiot though.

[rwh11385]

Well, seems he isn't an idiot though.

No... I mean, he's using idiots who believe him to boost his investment... so he's not dumb. People who believe him are. Now, imitating a credible source to make money from creating a gold and silver price bubble based on morons... not quite strong in integrity I'd say.

Increasing demand for gold and silver profits him and defacto makes the dollar seem less valuable but that does not mean in reality it is. It means there is a speculation bubble, because lots of people are investing in gold because of logic (if you can call it that) that is out there like this. Obviously, inflation will (and needs to!) increase from where it is or recently was, but that doesn't mean the return from inflated gold prices will benefit you versus holding currency in interest-bearing accounts or stocks necessarily.


If you want to know the truth, the US needs its inflation to be higher than it has been to be able to have good economic growth. Steady 2% inflation is ideal to allow the GDP to have healthy growth. Deflation or low inflation hurts this.

I wish more people knew how to see if a source was credible before believing, or more importantly, posting it.

http://www.bbc.co.uk/news/business-12774152

17 March 2011
US inflation rate hits 0.5% in Februar

Consumer Price Index inflation hit an annual 2.1%, up from 1.6% in the year to January, the Labor Department said.

Surge 'temporary'
Food price inflation was a key driver of the increase. Food costs went up by 0.6% month-on-month, the most in two-and-a-half years.

Petrol prices rose even faster, up 4.7%. But apart from those two categories, price rises were more muted.

http://online.wsj.com/article/SB10001424052748703921504576094460047100354.html

JANUARY 24, 2011

The Fed informally has said its goal is inflation of around 2%. But after years of internal debate on the subject, it hasn't adopted an official target.

The European, British and Canadian central banks each set inflation targets—typically around 2%—and commit to move interest rates as needed to keep inflation near that

http://www.marketwatch.com/story/reaction-to-fomc-interest-rate-decision-2010-09-21

“Although the Fed’s assessment of the economy remained mostly unchanged, their emphasis on inflation being below the level consistent with their mandate indicates that the feeble recovery is not the only reason why the Fed could inject additional stimulus into the U.S. economy. By saying that they are prepared to provide additional accommodation if needed to support the economic recovery AND to return inflation to levels consistent with its mandate, the central bank is essentially telling us there are a number of reasons why the balance sheet may be expanded in November.” -- Kathy Lien, director of currency research at GFT Forex.

But then again, maybe it is asking too much to expect people to learn about economics before arguing about it and posting biased sources which are not very credible to support their opinions. That'd also be crippling to news media outlets who cater to sheeple and those who try to pump up their stocks with propaganda.

[Fusion]

This is a BMW discussion forum. You can't expect everyone posting about Libya here to personally know each and every member of the Libyan government so they can have an unbiased view on the situation.
There's shit going on in all economies, you can't deny that. Digging through all the crap, trolls, hippies, frauds and mixed info isn't the easiest task in the world, but I'd rather read multiple views on it than watch a football game and fart in the couch.

[rwh11385]

Be it a BMW forum or not, people ought to have the ability to critically assess sources for credibility just to exist in life. Believing extreme left or right talking heads, or people out to scam you is not going to get you far. There are millions of people out there to try and trick you out of your money, and ignorance is not an excuse nor defense.

A good start would be reading a textbook, getting a classic one off of Amazon, or taking a class rather than relying on the BS-filled interwebz to "inform" you. The problem with modern societies is the attention-span is short and people confuse online opinion to persuade for evidence or theory supported arguments to educate.

http://www.library.jhu.edu/researchhelp/general/evaluating/

But learning this can help.

[ck_taft325is]

This is a BMW discussion forum. You can't expect everyone posting about Libya here to personally know each and every member of the Libyan government so they can have an unbiased view on the situation.
There's shit going on in all economies, you can't deny that. Digging through all the crap, trolls, hippies, frauds and mixed info isn't the easiest task in the world, but I'd rather read multiple views on it than watch a football game and fart in the couch.

I'd rather watch Football than hear about all the opinions every individual may or may not have about any given subject. It's a pointless, rude endeavor.

That said, I would love if they got their shit together.

[Fusion]

Says the guy who posts something in almost all threads in politics/religion.

[ck_taft325is]

Says the guy who posts something in almost all threads in politics/religion.

Who, me?

I think it's entertaining none the less ;) I didn't say I didn't like debating a bit. I really enjoy it actually. My mind has been changed on more than one occasion and, I believe that's the point. I don't have to read every single opinion about something to realize half of this shit is just that, a smelly pile of shit. It's the internet. 90% of these guys wouldn't say this shit to your face. The other 10% would say it too easily. You gather?

[MikeK]

Nothing wrong with learning Chinese. Truly an amazing country. I'm over there several times a year for business.