Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Happy New Year!

IMG Auteur
 
Published : January 04th, 2010
203 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Fofoa

 

 

 

 

2010
Year of the Buck



Last year I proclaimed 2009
The Year of the Wheelbarrow, but it appears I was wrong (or at least premature). So this year I am trying a different approach. This year I would like to dedicate 2010 to the first-ever pure king-daddy globalized fiat currency that is capable of debauchery, dilution, delusion, deception, degradation, defalcation, degeneration, defecation and debasement all while rising in value!

Between consumer electronic price deflation, the housing price collapse, the loss of Dow 14,000 and 78ish on the USDX, ol' Buck buys more of just about everything (except gold) today than it did two years ago! All while multiplying its monetary base, exploding USG expenditures, and hyperinflating UST debt issuance at Guinness World Record-breaking speeds during the same two years!

And we should not forget the Maestros that make it all possible! To Ben "POTY" Bernanke (Person Of The Year), and to the very young tender Timmy Geithhhner, master blaster of the bills and bonds, this (green) Bud's for you! Cheers.

(Photo by Jesse)






Happy New Year to you all!

Sincerely,

 

FOFOA

FOFOA is A Tribute to the Thoughts of Another and his Friend

 

Donations are most appreciated, just click here

 

Also by Fofoa

 

 

 

 

 

 

 

<< Previous article
Rate :Average :0 (0 vote)
>> Next article
IMG Auteur
FOFOA 13 abonnés
FOFOA is a tribute to the Thoughts of Another and his Friend.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Finanser Interviews Jon Matonis
18:36overtheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
27 Maruser4779
A jumbled and rambling article, seasoned with hyperbolic rant, but redeemed by interesting information. So 3/5. A good editor could turn this into ...
Oil Surges, Gold and Silver Spik...
26 Marovertheedge
"That a country would choose to directly intervene militarily in the affairs of another country is a dangerous precedent, ..." Precedent?<...
Water Wars Loom Over California ...
26 Marovertheedge
Ellen Brown should stick to what she understands versus geology, hydrology and financially available technology. Example: "With discussions...
Kicked to the Curb
24 MarFalconflight2
I'm both ashamed and disgusted by the government 'of, by, and for the people,' every bit as much as I am ashamed and disgusted by the People.
The Silver:Gold Ratio, 1687-2011
24 Marconey1
"large new deposits of silver were found"? So what was found by ECB that enabled them to cough up an extra trillion euros for failing European econ...
The Silver:Gold Ratio, 1687-2011
23 Maruser4779
You are right that a currency based on precious metal is subject to inflation if there is a big increase in the supply of that metal. Indeed, this ...
The Silver:Gold Ratio, 1687-2011
23 Maruser4779
"The red line in the chart is a 16:1 silver:gold ratio, and the green line is a 15:1 ratio." This is the wrong way round: swap "red" and "green".
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.