Financial collapse??

[Dusty]

Originally Posted by Max_Tab

I agree. I don't think it's some New World Order/Bidenburg conspiracy but I think a few of the richest people in the world have been buying up gold, and now they are quietly getting out of the stock market and in the case of Soros actively working against the dollar. If this is true the question would be why are they doing this?

Because they see a worldwide monetary collapse coming.

[Max_Tab]

Originally Posted by Dusty

Because they see a worldwide monetary collapse coming.

Exactly, but are they just being prescient or are they actively working to make it happen? I don't know exactly, but i do know Soros is no friend of America, and Bloomberg thinks he is smarter than all of us and we would be better off if we just let daddy take care of us.

[Dusty]

http://www.glennbeck.com/2012/02/01/...pse-countries/

[Max_Tab]

Originally Posted by Dusty

Because they see a worldwide monetary collapse coming.

Great interview Dusty.

[Stiletto11]

It's not just Soros, state actors collapse economies, we did it to the Russians during the cold war. If you understand fiat monetary policies you will know that debt is debt. there's an old saying, "gold is the money of kings, silver is the money of gentlemen, barter is the money of the poor, and debt is the money of slaves." A Federal Reserve Note is a debt equity instrument derived out of thin air backed by nothing but the faith that the US will honor it's debts. What if no one buys our debt? This is why they have to keep raising the debt ceiling because they have to borrow money today to pay off past debts that are due from T Bills and Notes. It is perpetual debt and there is no mathematical solution out of it. Wimpy in the Popeye syndrome.

Having the hand that turns on inflation/deflation is powerful. They can create a depression and buy assets on the cheap and then inflate them and sell them at a major profit. Rothchild figured this out in the 1700's.

The bottom line is that out government did not have the authority to debase the currency(see Craig v Missouri) (Federalist Papers No.44). The US Treasury is not the Treasury of the United States of America. The Treasury Secretary is the Governor of The Fund (IMF).

Bottom line guys and girls, protect your wealth and buy some silver and gold and keep it where you can get your hands on it. If they do collapse it, it will be like the world had never witnessed because it will be global. No tinfoil just gold and silver.

[Streck-Fu]

Originally Posted by Stiletto11

No tinfoil just gold and silver.

..and copper and brass and lead...

[Lan]

Stiletto11, what percentage of someone's worth should be invested in physical bullion? Not the gold index fund...

What do the 1%er's have to gain by collapsing the global economy? If it happened, they'd be f%cked too.

[Max_Tab]

Not if they are in on the ground floor or create the next monetary system.

+on the lead

[GratefulCitizen]

When people want to work less, they look for a way to store wealth for future use.
Gold is supposedly one of those ways.

At its root, this is a problem of demographics -- too many old people and too few young people.
There is no way to guarantee the future price of services.

Here is the problem:
Somebody else has to want what you have for it to have tradable value.

Old people can't trade gold to other old people to take care of them in their old age.
They need the services of young people.

If young people are frozen out of trade because of lack of access to gold (or some other form of money), they'll just use something else.
Maybe bitcoin, maybe barter; but they won't need gold.

Young people can conduct an economy among themselves without old people.
The converse is not true (health insurance is a perfect example).

If the old manage to hoard capital and goods in an attempt to control the young, the young will just make their own.
It will temporarily be a lower standard of living than they otherwise might enjoy, but they'll muddle through.

Eventually, the older people will die, and they can't take it (capital and goods) with them.
All the young have to do is run out the clock.

People are the real wealth in this world -- children in particular.
We reap what we sow.

[Dusty]

Originally Posted by Lan

Stiletto11, what percentage of someone's worth should be invested in physical bullion? Not the gold index fund...

As much as can be stuffed in a dead man's chest, matey. Aaarh.

[Dusty]

My COA is to get where we can live comfortably with no money, bartering only when necessary.

Almost there.

[Streck-Fu]

Old people can't trade gold to other old people to take care of them in their old age.
They need the services of young people.

If young people are frozen out of trade because of lack of access to gold (or some other form of money), they'll just use something else.

I think you missed a connection....

Those without currency will have to trade for it. Either through service or barter. Perform enough service or barter enough and any one could obtain whatever the desired currency is.

It used to be gold and furs. Perhaps it will be bullets and paracord in the future.

[Trapper John]

The real danger is when the dollar is replaced as the reserve currency of the world.

Amen Stiletto If that ever happens then the economic collapse that follows will be unprecedented. Hyperinflation, stagnant then declining GDP, civil unrest like we have never seen. A true catastrophe of unfathomable proportions. In that apocalyptic future we would break up into regional agglomerations (states) that would establish there own economies. Anyone here actually believe that Texas or Wisconsin or Florida or South Carolina or Georgia would stay in the Union at that point? Who would want the burdens of a bankrupt Illinois or CA? Frankly, I think a second civil war is not out of the question if such a collapse occurred.

[Stiletto11]

Originally Posted by Lan

Stiletto11, what percentage of someone's worth should be invested in physical bullion? Not the gold index fund...

What do the 1%er's have to gain by collapsing the global economy? If it happened, they'd be f%cked too.

The rule of thumb is 10% under normal circumstances. The question is are we under normal circumstances? Here's some food for thought, in 1923 the national debt was 20% of the GDP today it is over 85% depending on whose numbers you look at. Don't forget that the government inflation numbers do not include food and fuel. How the F do you not include the two largest consumer categories in the inflation numbers?

[Stiletto11]

Originally Posted by GratefulCitizen

When people want to work less, they look for a way to store wealth for future use.
Gold is supposedly one of those ways.

At its root, this is a problem of demographics -- too many old people and too few young people.
There is no way to guarantee the future price of services.

Here is the problem:
Somebody else has to want what you have for it to have tradable value.

Old people can't trade gold to other old people to take care of them in their old age.
They need the services of young people.

If young people are frozen out of trade because of lack of access to gold (or some other form of money), they'll just use something else.
Maybe bitcoin, maybe barter; but they won't need gold.

Young people can conduct an economy among themselves without old people.
The converse is not true (health insurance is a perfect example).

If the old manage to hoard capital and goods in an attempt to control the young, the young will just make their own.
It will temporarily be a lower standard of living than they otherwise might enjoy, but they'll muddle through.

Eventually, the older people will die, and they can't take it (capital and goods) with them.
All the young have to do is run out the clock.

People are the real wealth in this world -- children in particular.
We reap what we sow.

What's the collateral on the National Debt? Who is the mortgage holder. The word mortgage comes from the root word Morte (Death) mortgage means death grip. You need to look at the big picture not the Obama Care crap with the young paying for the old. Anything of intrinsic value can be bartered or traded. In the 1st Civil War the confederate soldiers traded tobacco for coffee with the invading Federalists.