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CF has always been a site that welcomes people from different backgrounds and beliefs to participate in discussion and even debate. That is the nature of its ministry. In view of recent events emotions are running very high. We need to remind people of some basic principles in debating on this site. We need to be civil when we express differences in opinion. No personal attacks. Avoid you, your statements. Don't characterize an entire political party with comparisons to Fascism or Communism or other extreme movements that committed atrocities. CF is not the place for broad brush or blanket statements about groups and political parties. Put the broad brushes and blankets away when you come to CF, better yet, put them in the incinerator. Debate had no place for them. We need to remember that people that commit acts of violence represent themselves or a small extreme faction.
Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says
- Thread starter HARK!
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That's not even English.
I've said my piece. You've said yours. Unless you have any credible evidence to add to the discussion; I'll leave discernment, on what has been presented, up to the readers.
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I hate to say I gold you so...
www.kitco.com
I think that we are in a housing bubble.
I think that with low occupancy rates, that we're headed for an office building bust.
I think that with BRICS trading on forty percent of the global economy, that it doesn't look good for the USD.
I think that with the USD only having 3% of its' initial value, that it doesn't look good for the USD.
I think that if the Fed lowers interest rates, that that 3% could be inflated away quickly, maybe even send us into hyperinflation.
I think that we are teetering on WWIII, if we are not already in it.
I think that wars are inflationary.
I think that if the Fed raises the interest rate, that it will spiral into a depression.
I think that NVIDIA is propping up the stock market.
I think NVIDIA is overvalued.
I think that the tech bust of 2000 will look like a day in the park if NVIDIA crashes.
I think that China is dumping US bonds as fast as they can, without crashing the world economy.
I hope that this all gets better; but I think that it will continue to get worse.
What do you think?
Gold Spot Prices | Silver Prices | Platinum & Palladium | KITCO
Live Spot Prices for Gold, Silver, Platinum, Palladium and Rhodium in ounces, grams, kilos and tolas in all major currencies.
www.kitco.com
I think that we are in a housing bubble.
I think that with low occupancy rates, that we're headed for an office building bust.
I think that with BRICS trading on forty percent of the global economy, that it doesn't look good for the USD.
I think that with the USD only having 3% of its' initial value, that it doesn't look good for the USD.
I think that if the Fed lowers interest rates, that that 3% could be inflated away quickly, maybe even send us into hyperinflation.
I think that we are teetering on WWIII, if we are not already in it.
I think that wars are inflationary.
I think that if the Fed raises the interest rate, that it will spiral into a depression.
I think that NVIDIA is propping up the stock market.
I think NVIDIA is overvalued.
I think that the tech bust of 2000 will look like a day in the park if NVIDIA crashes.
I think that China is dumping US bonds as fast as they can, without crashing the world economy.
I hope that this all gets better; but I think that it will continue to get worse.
What do you think?
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I think you should start a new thread entitled "Hark's Gold Trading Advice."
It's not clear to me how the price of gold is going to help someone who is in CC debt.
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This isn't about gold trading. The price of metals is an indicator of the devaluation of the dollar. It's inflation preceding wage increases that is driving people to make ends meet with their credit cards.
It won't. However, buying tangible assets is a good way to hedge against inflation. I'm buying everything that I think that I might need, before it becomes unaffordable through inflation.
For example, I stocked up on auto parts, (brake pads, oil filters, motor oil, etc.) before the tariffs took effect. When I see a good sale on non-perishable food; I stock up. The possibilities for planning ahead, to minimize the risk of destitution, are endless.
Thinking of ways to live within one's means, while building a surplus of necessities, will help someone with CC debt.
I for one have never been in CC debt; because I have always lived within my means, even if that meant fasting. I was living paycheck to paycheck; and every Thursday I had to decide whether to put gas in my car to get to work on Friday to collect my paycheck, or to buy food. Of course gas always won.
Finally I said enough!
I saw a sale on canned peas. I bought cases of them. I ate peas all week, with cans left over. Next week it was string beans; so I had string beans and peas for a week. Each week thereafter I would stock up and add a new item to my inventory. I never had to go hungry again.
(CLV) Pr 22:26
Do not be among those who clasp the palm in pledge, Among those who are surety for loans;
(CLV) Pr 22:27
If you have nothing to make a repayment, Why have your bed taken from under you?
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We saw a little pullback during the 2008 financial crisis. Then it tripled.
Gold Price History 1970–2026 | 56 Years of Annual Data
Annual gold prices for every year from 1970 to 2026, with decade-by-decade analysis, inflation-adjusted highs, and key milestones from Bretton Woods to today.
metalcharts.org
It's working its' way back up right now.
Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO
Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
www.kitco.com
I suspect that many pulled their money out of war metals. and put in on oil.
Either way, higher oil prices don't bode well for a working man's economy.
DaisyDay
I Did Nothing Wrong!! ~~Team Deep State
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We saw a little pullback during the 2008 financial crisis. Then it tripled.
View attachment 377831
Gold Price History 1970–2026 | 56 Years of Annual Data
Annual gold prices for every year from 1970 to 2026, with decade-by-decade analysis, inflation-adjusted highs, and key milestones from Bretton Woods to today.
It's working its' way back up right now.
View attachment 377830
Gold Price Today | Price of Gold Per Ounce | 24 Hour Spot Chart | KITCO
Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
I suspect that many pulled their money out of war metals. and put in on oil.
Either way, higher oil prices don't bode well for a working man's economy.
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Nithavela
you're in charge you can do it just get louis
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Silver Spot Price Chart | Live Updates | BullionVault
Silver prices updated in real-time. Track the silver spot price in GBP, USD, EUR, JPY, AUD, CAD & CHF >>
www.bullionvault.com
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The markets are down too; and so are gas prices in the wake of shortages, and pending crisis.View attachment 380127View attachment 380128
Silver Spot Price Chart | Live Updates | BullionVault
Silver prices updated in real-time. Track the silver spot price in GBP, USD, EUR, JPY, AUD, CAD & CHF >>www.bullionvault.com
Go figure!
Where are these people putting their money? Are they stocking up on food in preparation for these food shortages predicted for this Fall as a result of drought and fertilizer deficits? Ehh, there's probably no need for concern. Maybe the big boys are just papering over the market with futures contracts, to appease all of those who are complaining about "affordability."
The good news is, is that when bitcoin crashes, and the housing bubble bursts, and the tech bubble bursts, I suppose that metals will still hold their own, as a hedge against the inflation caused by the wars. The banking cartels seem to think so too.
So far metals have still outpaced inflation by my estimation.
With this dip; maybe its a good time to buy more;but why bother? Who needs a 401K for retirement? When AI squeezes the masses out of their jobs; I'm sure that the government will write us all checks to cover our basic living expenses. After all, so far they've done an outstanding job of preserving the value of the dollar, and wisely investing our SS payments to give us a much greater return than we could have done for ourselves.
After Elon chips our brains; I'll take the blue pill; and it will all be bliss.
Let them eat steak!
This is not financial advice.
I'll leave to the readers to do their own research.
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A quick current AI search:
duckduckgo.com
It's probably just going up because people are just spending more, while living high on the hog.
Tonight we're going to party like it's 1929
how much credit card debt does the average consumer hold at DuckDuckGo
DuckDuckGo. Privacy, Simplified.
It's probably just going up because people are just spending more, while living high on the hog.
Tonight we're going to party like it's 1929
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Money or currencies?
I can't think of one currency that hasn't been devalued through war; but then isn't devaluing currencies often used as a weapon of war?
Ancient Rome devalued their money by adding less valuable metals to their coins. I read that they devalued their money so much, that there came a point where they wouldn't even accept their own coins for payment of taxes.
People don't like outside forces controlling them, and exploiting them for their resources, their time being their most valuable resource.
The more that Empires grow, the more money that it takes, to raise the armies needed, to subjugate those who are being exploited.
Last I heard, the official number is that the US dollar is worth 3% of what it was worth when it was minted in silver. In reality educated sources purport that it is worth less than 1%.
Empires tend to go out violently. The power hungry are resistant to just simply letting go of their power. History leads me to believe that the current Empire is in it's death throes.
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