What would gold do for you? Hmm, you could sell it on the international market for the currency that is predominant and then you would have some true buying power. But then, you surely know more than all the economists, the country of India that just traded dollars for 200 tonnes of gold, China who is buying all the gold they can, and all the hedge fund managers that, too, are buying all they can find. I understand you cannot even find US gold coins, or it is very difficult, as most have all been sold.
In the 1970's we increased the currency base by 13%, brought us 20% interest rates. In the last 12 months we've increased the money supply by 120%, I wonder what that will do to interest rates? The only reason we haven't seen inflation already is the velocity of the currency, it hasn't left the banks yet. Once it does, hyperinflations comes at us like a freight train.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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