Economy

Rant

American Dollars to donuts!

Posted 10 months ago|4 comments|540 views
What... no takers?
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"Dollars to donuts is a faux bet in which one person agrees to put up the same amount of dollars to another person's donuts in a bet (where a donut is considered to be worth much less than a dollar). The person uttering the phrase intends to escape paying for a real bet by showing mock support for the likelihood of a specific future event. Betting someone dollars to donuts is a rhetorical device that indicates that the person is confident but unlikely to care enough about the future event to put their money where their mouth is."
http://en.wikipedia.org/wiki/Dollars_to_...

"Nuff said" should be the final statement... but I need to fill in my necessary 1150 minimum characters in order to post this rant, so here goes. Stansberry & Associates Investment Research posted a video that got my attention, and a transcript of this video is even more intriguing, with graphs and such from events in history.
Below are links to both if you are interested...

http://www.stansberryresearch.com/pro/11...
http://bc-p.blogspot.com/2011/03/end-of-...

...Porter Stansberry goes into great detail to expose the fragility, NO, collapse of the American Dollar... yet with some investment saving tips to weather the economic storm coming to the world via the American currency. All the facts and figures have one thing in common... impending doom.

Where do you find these "nut-jobs"? I can hear it now, yet more and more "nut-jobs" are surfacing from the best research companies in America... could it really be time to pull one's head out of their asinine OSTRICH economic feel-good attempts at positive thinking... and just look at what's going on? When the biggest investors on the planet pulls out of American money...
it is time to wake-up and smell the proverbial coffee!

Well it seems, someone is betting Dollars (American) to donuts you don't!


UPDATE - 1 month ago
"Don't Waste Your Life" by John Piper
http://dwynrhh6bluza.cloudfront.net/reso...
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COMMENTS
10 months ago: I'll take that bet. Have you seen the price of donuts lately?
10 months ago: TCG,

...you do have a point !:]
10 months ago: An interesting thing to me is that you can tell people there is a brick wall up the road which is going to cause a spectacular crash for us if we don't slow down. However for some people, the fact that we have not crashed into the wall yet is proof to them that there is no wall and they continue at full speed. Of course when the proof does materialize these people are the first casualties and are no longer around to dispute the issue. The rest of the survivors who moved to the back of the bus however always suffer the painful effects which resulted from the nay sayers lack of foresight. Or as the old saying goes; history has a way of repeating its self.
10 months ago: Jakarta99,

Most people should know that everything may not come to an end... but it is obvious that the world is on borrowed time, borrowed land, and borrowed money!

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