Obama unveils 21st Century New Deal

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http://www.siccness.net/vb/showthread.php?t=298326

How is that giving up? Because i didnt vote?

Who do you support?

Inflation will kick in soon once companies stop their liquidations. We are in a deflation period, prices are falling, but soon prices will skyrocket and there wont be an end in sight for years to come.

Heres a quote from Peter Schiff

In my view, there is a real possibility that a new administration in Washington will confront its economic challenges with New Deal-type programs that will only exacerbate the damage and turn the current recession into a repeat of the Great Depression, only with the consumer prices rising instead of falling. As I write this in Mid-2008, the government still claims the US economy is not in recession. This absurdity is premised on not having two consecutive quarters of negative economic growth, the widely accepted definition of recession. However, with the government determining the GDP and using highly suspect inflation rates with which to adjust the nominal rise, we may never officially be in a recession. With the automobile, airline, and housing industries in outright collapse and our banking and financial system on government life support, grim reality once again conflicts with government fantasy.

Obama unveils 21st Century New Deal
By MIKE ALLEN & JONATHAN MARTIN | 12/6/08 9:30 AM EST


President-elect Barack Obama added sweep and meat to his economic agenda on Saturday, pledging the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the late 1950s, and tying his key initiatives – education, energy, health care –back to jobs in a package that has the makings of a smaller and modern version of FDR's New Deal marriage of job creation with infrastructure upgrades.......more

 

[MaKaVeLi_420]

nice post brother...

 

[BASEDVATO]

what to do? what to do? they gonna lay me off, and then forced into slave labor picking shit up on the road... these suit really got it fucked up - and got rich off us

 

[marty50]

so the dollar goes to shit
does gold go up?
is it better to convert
dollars to overseas currency?
que sera, whatever wil be will be

 

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You cant just create wealth by "creating jobs", where do you think this money will come from?

The answer is the Tax Payers.

Great, now we will be paying off the Bail outs with taxes (inflation) and now we will have to pay for this New Deal shit. Obama does not know what the hell he is doing.

Inflation is starting to kick in folks, enjoy the bumpy ride.

 

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so the dollar goes to shit
does gold go up?
is it better to convert
dollars to overseas currency?
que sera, whatever wil be will be

Ya when the dollar loses its value, commodities rise. Its better to invest in commodities now, NOW IS THE TIME.

Its hard to say about changing to another currency because the whole world is getting affected, but its still a great chance to put your money in commodities. I posted a message here in some other thread about what to invest in.