Debt, Debt, Debt.

Out of context: Reply #33

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• mikotondria30

  ha! the old skyrocketing gold thing again. Hey my gold that I bought for $400 is now worth $1500! Brilliant ! I'll dump all my money into gold, then in the future I'll be able to get a higher number of dollars back.
  However, those dollars will buy you less than you thought. Probably about the same amount of stuff as the original money would have bought you.
  When you buy or sell gold or any other asset, someone sees your transaction as a way to profit. There are only people passing value between each themselves. Debt = wealth, the money always goes somewhere, where is this black hole into which all our money has gone ?

  mikotondria3 0Permalink

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  • The wealth is in other countries. You don't think we owe ourselves, do you?404NotFound
  • no, it's not - the whole is broke, everywhere has a massive deficit..mikotondria3

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