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Topic The US and World Economy
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Original Post
shadowpool Posted at 3:22 pm on June 10, 2008
Here are two conflicting views on what's about to happen:

Who is more correct?  Why?

Replies
shadowpool Posted at 3:58 pm on June 10, 2008
Quote: from Pisciculus at 7:45 pm on June 10, 2008

i think the second video is more correct because like he said, the economy is way different then it was before the great depression (consumer based rather then production based) and money isnt backed by gold so when the dollar gets less valuable the value of gold doesnt drop at the same rate. Also when he said that gold and silver are real money that makes more sense to me the gold crashing, simply because gold is what our money is supposed to be based on rather then the flimsy paper that it is printed on. *shrug* i dunno if that makes any sense to anyone but me. I am not good at vocalizing why i agree with the second guy more.

The second one does make more sense.  It's just so complicated though.  

Pisciculus Posted at 3:45 pm on June 10, 2008
i think the second video is more correct because like he said, the economy is way different then it was before the great depression (consumer based rather then production based) and money isnt backed by gold so when the dollar gets less valuable the value of gold doesnt drop at the same rate.  Also when he said that gold and silver are real money that makes more sense to me the gold crashing, simply because gold is what our money is supposed to be based on rather then the flimsy paper that it is printed on.  *shrug*  i dunno if that makes any sense to anyone but me.  I am not good at vocalizing why i agree with the second guy more.
shadowpool Posted at 3:35 pm on June 10, 2008
Quote: from Roflcakes at 7:28 pm on June 10, 2008

The economy is down because people are cashing in and ripping everyone else off. Oil is expensive because companies charge what they want.

http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm

Latin Muscle Posted at 3:34 pm on June 10, 2008
Quote: from shadowpool at 3:27 pm on June 10, 2008

Quote: from sexybrown0304 at 7:25 pm on June 10, 2008

both are somewhat correct

You watched them both already? All 15 minutes? Wow.


lol caught redhanded
Roflcakes Posted at 3:28 pm on June 10, 2008
The economy is down because people are cashing in and ripping everyone else off. Oil is expensive because companies charge what they want.
shadowpool Posted at 3:27 pm on June 10, 2008
Quote: from sexybrown0304 at 7:25 pm on June 10, 2008

both are somewhat correct

You watched them both already?  All 15 minutes?  Wow.

Wakeupcall Posted at 3:25 pm on June 10, 2008
Eeeni. Meeni. Miini. Mo!
sexybrown0304 Posted at 3:25 pm on June 10, 2008
both are somewhat correct
All 8 previous replies displayed.