Bank Holiday in our future?

[jpinpb]

Josh, it is alarming to contemplate. My focus is not just buying a house in PB. That has even changed, though I haven’t announced it here, so understandable you would assume that. I do have other issues occupying my mind. As far as the banks closing, I think it would cause panic and it makes me ill to think about. Everything that has happened and is happening is so out of our control and frustrating. While we can plan for the worse (which I have), I would prefer not to concentrate on every worst case scenario and make myself crazy. Sometimes it gets overwhelming to be inundated w/dire news.

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[bsrsharma]

large quantity of dollars put into overseas banks basically for swaps.

we stuff them with dollars so that they will continue to purchase bonds and the auctions.

Any evidence?

How does paying someone to get a loan from him solve any problem?

[4plexowner]

this is the article that talks about Argentina and Zimbabwe as test cases for how to resolve the economic issues facing America (http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm)

“Work with me here. Suppose, just suppose, that mathematically, the US Fiat system has a very certain, very predictable end date, easily seen even by such non-monetary critics such as Martenson’s “Crash Course (http://www.chrismartenson.com/sites/all/themes/cm/cm-crashcourse.php?height=560&width=760)”.

[aside: I highly recommend the Crash Course – the information wasn’t new to me but I had never seen anyone bring all the pieces together in one place – if you are interested in understanding the challenges we face (economics, energy, demographics) you should watch this video series – lots of cool charts too]

“This certain end date is roughly when the parabolic curve goes vertical …”

George Ure (www. urbansurvival.com) maintains that 83.5 years is when the vertical portion of the curve is reached – some dates when we might start this 83.5 year timeframe:
– 1913 inception of the Federal Reserve
– 1933 confiscation of gold
– 1971 closure of the gold window

using these three dates we get a failure of the US dollar system in 1996, 2016 or 2054

one of the ways we can measure the ongoing death of a fiat currency is by counting how many dollars of new debt it takes to create one dollar of new GDP – in an ideal world the ratio would be 1:1 – in our current world it takes over 6 dollars of new debt to create one dollar of new GDP (how sustainable is that?)

the key point to take away is that the end point of a fiat currency IS mathematically predictable

“The risks are too high just to guess what will happen if we pull lever X instead of lever Y when the end comes. So you pick a country a lot like America. Productive, hardworking, modern, agricultural, having a corrupt, spendthrift political class and an uninvolved, unassuming, spendthrift-but-hardworking middle class—a country the most like America. And you run a little experiment. … A nation like, oh, Argentina.”

for those of you wondering why anyone would do this to a productive country?

“Once all the assets in the country had been discounted a minimum of 73%, the insiders then repatriated their money and bought their neighbor’s fortunes for pennies on the dollar, finding cheap, hungry, competitive labor, ready to compete with even 3rd world wages. The prudent, hard-working, and savers (the wrong people) were wiped out, and the money was transferred to the speculators and insiders (the right people). ”

what might the Argentina scenario accomplish in America?

“In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come. ”

[4plexowner]

this is the article that talks about Argentina and Zimbabwe as test cases for how to resolve the economic issues facing America (http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm)

“Work with me here. Suppose, just suppose, that mathematically, the US Fiat system has a very certain, very predictable end date, easily seen even by such non-monetary critics such as Martenson’s “Crash Course (http://www.chrismartenson.com/sites/all/themes/cm/cm-crashcourse.php?height=560&width=760)”.

[aside: I highly recommend the Crash Course – the information wasn’t new to me but I had never seen anyone bring all the pieces together in one place – if you are interested in understanding the challenges we face (economics, energy, demographics) you should watch this video series – lots of cool charts too]

“This certain end date is roughly when the parabolic curve goes vertical …”

George Ure (www. urbansurvival.com) maintains that 83.5 years is when the vertical portion of the curve is reached – some dates when we might start this 83.5 year timeframe:
– 1913 inception of the Federal Reserve
– 1933 confiscation of gold
– 1971 closure of the gold window

using these three dates we get a failure of the US dollar system in 1996, 2016 or 2054

one of the ways we can measure the ongoing death of a fiat currency is by counting how many dollars of new debt it takes to create one dollar of new GDP – in an ideal world the ratio would be 1:1 – in our current world it takes over 6 dollars of new debt to create one dollar of new GDP (how sustainable is that?)

the key point to take away is that the end point of a fiat currency IS mathematically predictable

“The risks are too high just to guess what will happen if we pull lever X instead of lever Y when the end comes. So you pick a country a lot like America. Productive, hardworking, modern, agricultural, having a corrupt, spendthrift political class and an uninvolved, unassuming, spendthrift-but-hardworking middle class—a country the most like America. And you run a little experiment. … A nation like, oh, Argentina.”

for those of you wondering why anyone would do this to a productive country?

“Once all the assets in the country had been discounted a minimum of 73%, the insiders then repatriated their money and bought their neighbor’s fortunes for pennies on the dollar, finding cheap, hungry, competitive labor, ready to compete with even 3rd world wages. The prudent, hard-working, and savers (the wrong people) were wiped out, and the money was transferred to the speculators and insiders (the right people). ”

what might the Argentina scenario accomplish in America?

“In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come. ”

[4plexowner]

this is the article that talks about Argentina and Zimbabwe as test cases for how to resolve the economic issues facing America (http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm)

“Work with me here. Suppose, just suppose, that mathematically, the US Fiat system has a very certain, very predictable end date, easily seen even by such non-monetary critics such as Martenson’s “Crash Course (http://www.chrismartenson.com/sites/all/themes/cm/cm-crashcourse.php?height=560&width=760)”.

[aside: I highly recommend the Crash Course – the information wasn’t new to me but I had never seen anyone bring all the pieces together in one place – if you are interested in understanding the challenges we face (economics, energy, demographics) you should watch this video series – lots of cool charts too]

“This certain end date is roughly when the parabolic curve goes vertical …”

George Ure (www. urbansurvival.com) maintains that 83.5 years is when the vertical portion of the curve is reached – some dates when we might start this 83.5 year timeframe:
– 1913 inception of the Federal Reserve
– 1933 confiscation of gold
– 1971 closure of the gold window

using these three dates we get a failure of the US dollar system in 1996, 2016 or 2054

one of the ways we can measure the ongoing death of a fiat currency is by counting how many dollars of new debt it takes to create one dollar of new GDP – in an ideal world the ratio would be 1:1 – in our current world it takes over 6 dollars of new debt to create one dollar of new GDP (how sustainable is that?)

the key point to take away is that the end point of a fiat currency IS mathematically predictable

“The risks are too high just to guess what will happen if we pull lever X instead of lever Y when the end comes. So you pick a country a lot like America. Productive, hardworking, modern, agricultural, having a corrupt, spendthrift political class and an uninvolved, unassuming, spendthrift-but-hardworking middle class—a country the most like America. And you run a little experiment. … A nation like, oh, Argentina.”

for those of you wondering why anyone would do this to a productive country?

“Once all the assets in the country had been discounted a minimum of 73%, the insiders then repatriated their money and bought their neighbor’s fortunes for pennies on the dollar, finding cheap, hungry, competitive labor, ready to compete with even 3rd world wages. The prudent, hard-working, and savers (the wrong people) were wiped out, and the money was transferred to the speculators and insiders (the right people). ”

what might the Argentina scenario accomplish in America?

“In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come. ”

[4plexowner]

this is the article that talks about Argentina and Zimbabwe as test cases for how to resolve the economic issues facing America (http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm)

“Work with me here. Suppose, just suppose, that mathematically, the US Fiat system has a very certain, very predictable end date, easily seen even by such non-monetary critics such as Martenson’s “Crash Course (http://www.chrismartenson.com/sites/all/themes/cm/cm-crashcourse.php?height=560&width=760)”.

[aside: I highly recommend the Crash Course – the information wasn’t new to me but I had never seen anyone bring all the pieces together in one place – if you are interested in understanding the challenges we face (economics, energy, demographics) you should watch this video series – lots of cool charts too]

“This certain end date is roughly when the parabolic curve goes vertical …”

George Ure (www. urbansurvival.com) maintains that 83.5 years is when the vertical portion of the curve is reached – some dates when we might start this 83.5 year timeframe:
– 1913 inception of the Federal Reserve
– 1933 confiscation of gold
– 1971 closure of the gold window

using these three dates we get a failure of the US dollar system in 1996, 2016 or 2054

one of the ways we can measure the ongoing death of a fiat currency is by counting how many dollars of new debt it takes to create one dollar of new GDP – in an ideal world the ratio would be 1:1 – in our current world it takes over 6 dollars of new debt to create one dollar of new GDP (how sustainable is that?)

the key point to take away is that the end point of a fiat currency IS mathematically predictable

“The risks are too high just to guess what will happen if we pull lever X instead of lever Y when the end comes. So you pick a country a lot like America. Productive, hardworking, modern, agricultural, having a corrupt, spendthrift political class and an uninvolved, unassuming, spendthrift-but-hardworking middle class—a country the most like America. And you run a little experiment. … A nation like, oh, Argentina.”

for those of you wondering why anyone would do this to a productive country?

“Once all the assets in the country had been discounted a minimum of 73%, the insiders then repatriated their money and bought their neighbor’s fortunes for pennies on the dollar, finding cheap, hungry, competitive labor, ready to compete with even 3rd world wages. The prudent, hard-working, and savers (the wrong people) were wiped out, and the money was transferred to the speculators and insiders (the right people). ”

what might the Argentina scenario accomplish in America?

“In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come. ”

[4plexowner]

this is the article that talks about Argentina and Zimbabwe as test cases for how to resolve the economic issues facing America (http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm)

“Work with me here. Suppose, just suppose, that mathematically, the US Fiat system has a very certain, very predictable end date, easily seen even by such non-monetary critics such as Martenson’s “Crash Course (http://www.chrismartenson.com/sites/all/themes/cm/cm-crashcourse.php?height=560&width=760)”.

[aside: I highly recommend the Crash Course – the information wasn’t new to me but I had never seen anyone bring all the pieces together in one place – if you are interested in understanding the challenges we face (economics, energy, demographics) you should watch this video series – lots of cool charts too]

“This certain end date is roughly when the parabolic curve goes vertical …”

George Ure (www. urbansurvival.com) maintains that 83.5 years is when the vertical portion of the curve is reached – some dates when we might start this 83.5 year timeframe:
– 1913 inception of the Federal Reserve
– 1933 confiscation of gold
– 1971 closure of the gold window

using these three dates we get a failure of the US dollar system in 1996, 2016 or 2054

one of the ways we can measure the ongoing death of a fiat currency is by counting how many dollars of new debt it takes to create one dollar of new GDP – in an ideal world the ratio would be 1:1 – in our current world it takes over 6 dollars of new debt to create one dollar of new GDP (how sustainable is that?)

the key point to take away is that the end point of a fiat currency IS mathematically predictable

“The risks are too high just to guess what will happen if we pull lever X instead of lever Y when the end comes. So you pick a country a lot like America. Productive, hardworking, modern, agricultural, having a corrupt, spendthrift political class and an uninvolved, unassuming, spendthrift-but-hardworking middle class—a country the most like America. And you run a little experiment. … A nation like, oh, Argentina.”

for those of you wondering why anyone would do this to a productive country?

“Once all the assets in the country had been discounted a minimum of 73%, the insiders then repatriated their money and bought their neighbor’s fortunes for pennies on the dollar, finding cheap, hungry, competitive labor, ready to compete with even 3rd world wages. The prudent, hard-working, and savers (the wrong people) were wiped out, and the money was transferred to the speculators and insiders (the right people). ”

what might the Argentina scenario accomplish in America?

“In a single stroke you:
a) lose the burden of external debt
b) by devaluation lose your internal debt
c) make the nation competitive as a manufacturing power.
d) scare the people back into compliance, even exultation with their low wages.
e) with the renewal of manufacturing, re-cast the power that your military rests on
f) during a time of Peak Oil, radically reduce unnecessary consumption while insuring strategic (military) supply.
g) by doing that, suck in the oil powers of Russia, Iran, and Venezuela enough to knock them off-base, first with high prices, then low prices.
h) club China into submission to the G-8 money powers again
and best of all:
i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come. ”

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[bsrsharma]

4plex,

I agree $ devaluation is inevitable; there will be sustained inflation and stagnation for a long time. But none of this will be back door; it will all happen in the open. Why are you feeling that there is a need for secrecy? The treasury publishes public debt on a website; it is more than $11 Trillion at present and will increase at the rate of about a trillion a year till treasury gets no offers. Then the Fed will be forced to buy treasuries to avoid default. US does not have Argentina problem since the debt is not in foreign currency. It does not have Zimbabwe’s problem because U.S. is valuable for many reasons and has plenty of attractive assets for international buyers to back its currency.

[Author]

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