Dollar Dropping

[ralphfurley]

The Arabs are dumping their dollars and buying gold!

http://www.rottentomatoes.com/m/further_reading_by_kim_newman/news/1777512/further_reading_beat_the_credit_crunch_with_rollover

Oh, it was only a movie…

Interesting blind buy. Picked it up at my local Big Lots! for $3.

[partypup]

[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.

The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.

Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]

Concho, UC Girl…have you ever heard the adage, “Timing is everything?”

Follow closely:

If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.

If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.

If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.

If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.

The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.

If you can’t stay one step ahead of the sheep, then you are part of the flock.

And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.

We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉

I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.

[partypup]

[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.

The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.

Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]

Concho, UC Girl…have you ever heard the adage, “Timing is everything?”

Follow closely:

If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.

If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.

If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.

If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.

The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.

If you can’t stay one step ahead of the sheep, then you are part of the flock.

And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.

We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉

I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.

[partypup]

[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.

The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.

Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]

Concho, UC Girl…have you ever heard the adage, “Timing is everything?”

Follow closely:

If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.

If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.

If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.

If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.

The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.

If you can’t stay one step ahead of the sheep, then you are part of the flock.

And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.

We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉

I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.

[partypup]

[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.

The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.

Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]

Concho, UC Girl…have you ever heard the adage, “Timing is everything?”

Follow closely:

If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.

If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.

If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.

If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.

The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.

If you can’t stay one step ahead of the sheep, then you are part of the flock.

And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.

We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉

I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.

[partypup]

[quote=CONCHO]Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.

The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.

Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.[/quote]

Concho, UC Girl…have you ever heard the adage, “Timing is everything?”

Follow closely:

If you bailed from the dot com bubble (as I did) before it crashed and put your money into real estate, you stayed one step ahead of the sheep.

If you bailed out of real estate by 2006 – before the rest of the sheep realized what was coming – and went to cash, you stayed one step ahead. That’s what I did.

If you bail out of fiat before it comes crashing down and go to metals, then you are once again ahead of the sheep.

If you bail out of gold before whatever hologram madness they present (which is likely, I will admit) comes down the pike and plow your gold “bubble” money into real, *hard* assets like land, equipment and food that you will get for pennies on the dollar when gold takes off – then you are – you guessed it! – once again one step ahead of the sheep.

The idea is not to stay in gold or silver until they pry it from your cold, dead fingers. Arraya is right. We are moving to a completely new paradigm and an economy that may be based on blood, sweat and calories – not digital phony money. The idea is to use the spectacular rise in gold to cash out and accumulate the items that you will need for the new economy when it rolls around.

If you can’t stay one step ahead of the sheep, then you are part of the flock.

And UC Girl, I don’t know where you work, but all of the nitwits in my office – and a distressingly high number of my friends and relatives – are still seeing green shoots and refuse to put their money in anything buy equities and dollars.

We are nowhere near a bubble, baby. Gold won’t even begin to roar UNTIL the dollar collapses. So buckle up and watch. Guess we’ll be seeing you in the rear view mirror 😉

I might also add that silver is the far better bet. It is currently outperforming gold, is much more affordable and has much more room to run, as silver has historically had a ratio to gold of between 40:1 to 10:1. I think we all realize where the dollar is headed and that gold could easily hit $2000 (if not more) when the dollar crisis begins. Silver could land anywhere from $50 – $100/oz and still be fairly priced. For perspective, I am (as everyone knows) heavily invested in metals. I have about 30% more invested in gold than silver. However, I’ve made appx $32K in the past 2 weeks on my gold, but I’ve made $38K on silver.

[blahblahblah]

I hear ya pp, but it is tough to stay one step ahead of these spiders. Real Estate was pretty easy because it moved sooooo slooowwwwlllyy. The dotcom crash was a little harder, it happened pretty quickly. If you are smart though and can spot their new zeitgeist early, get your money in and get out before the top blows you can become very wealthy. I am not sure I’m smart enough though. I did pretty good on real estate and then lost all of my gains (and more) by predicting the fall of the dollar (bought euros too high), crash of the stock market (bought inverse funds too early — ouch!), and the rise of gold (I was too early and too timid to stay in when it fell back to $500/oz.) The commodity/stock/bond/currency markets are so liquid and gamed by so many VPP players that it is hard to tell what the heck is going on.

Now I’m just focused on work and using whatever money I can save to buy physical assets. Not too many shiny ones though.

Here’s another little food for thought — if currency crash is really imminent, one of the best things you can do is borrow as much money as possible and buy hard assets with it. That might include (gasp!) real estate.

Disclaimer: this is not investment advice!!!

[blahblahblah]

I hear ya pp, but it is tough to stay one step ahead of these spiders. Real Estate was pretty easy because it moved sooooo slooowwwwlllyy. The dotcom crash was a little harder, it happened pretty quickly. If you are smart though and can spot their new zeitgeist early, get your money in and get out before the top blows you can become very wealthy. I am not sure I’m smart enough though. I did pretty good on real estate and then lost all of my gains (and more) by predicting the fall of the dollar (bought euros too high), crash of the stock market (bought inverse funds too early — ouch!), and the rise of gold (I was too early and too timid to stay in when it fell back to $500/oz.) The commodity/stock/bond/currency markets are so liquid and gamed by so many VPP players that it is hard to tell what the heck is going on.

Now I’m just focused on work and using whatever money I can save to buy physical assets. Not too many shiny ones though.

Here’s another little food for thought — if currency crash is really imminent, one of the best things you can do is borrow as much money as possible and buy hard assets with it. That might include (gasp!) real estate.

Disclaimer: this is not investment advice!!!

[blahblahblah]

I hear ya pp, but it is tough to stay one step ahead of these spiders. Real Estate was pretty easy because it moved sooooo slooowwwwlllyy. The dotcom crash was a little harder, it happened pretty quickly. If you are smart though and can spot their new zeitgeist early, get your money in and get out before the top blows you can become very wealthy. I am not sure I’m smart enough though. I did pretty good on real estate and then lost all of my gains (and more) by predicting the fall of the dollar (bought euros too high), crash of the stock market (bought inverse funds too early — ouch!), and the rise of gold (I was too early and too timid to stay in when it fell back to $500/oz.) The commodity/stock/bond/currency markets are so liquid and gamed by so many VPP players that it is hard to tell what the heck is going on.

Now I’m just focused on work and using whatever money I can save to buy physical assets. Not too many shiny ones though.

Here’s another little food for thought — if currency crash is really imminent, one of the best things you can do is borrow as much money as possible and buy hard assets with it. That might include (gasp!) real estate.

Disclaimer: this is not investment advice!!!

[blahblahblah]

I hear ya pp, but it is tough to stay one step ahead of these spiders. Real Estate was pretty easy because it moved sooooo slooowwwwlllyy. The dotcom crash was a little harder, it happened pretty quickly. If you are smart though and can spot their new zeitgeist early, get your money in and get out before the top blows you can become very wealthy. I am not sure I’m smart enough though. I did pretty good on real estate and then lost all of my gains (and more) by predicting the fall of the dollar (bought euros too high), crash of the stock market (bought inverse funds too early — ouch!), and the rise of gold (I was too early and too timid to stay in when it fell back to $500/oz.) The commodity/stock/bond/currency markets are so liquid and gamed by so many VPP players that it is hard to tell what the heck is going on.

Now I’m just focused on work and using whatever money I can save to buy physical assets. Not too many shiny ones though.

Here’s another little food for thought — if currency crash is really imminent, one of the best things you can do is borrow as much money as possible and buy hard assets with it. That might include (gasp!) real estate.

Disclaimer: this is not investment advice!!!

[blahblahblah]

I hear ya pp, but it is tough to stay one step ahead of these spiders. Real Estate was pretty easy because it moved sooooo slooowwwwlllyy. The dotcom crash was a little harder, it happened pretty quickly. If you are smart though and can spot their new zeitgeist early, get your money in and get out before the top blows you can become very wealthy. I am not sure I’m smart enough though. I did pretty good on real estate and then lost all of my gains (and more) by predicting the fall of the dollar (bought euros too high), crash of the stock market (bought inverse funds too early — ouch!), and the rise of gold (I was too early and too timid to stay in when it fell back to $500/oz.) The commodity/stock/bond/currency markets are so liquid and gamed by so many VPP players that it is hard to tell what the heck is going on.

Now I’m just focused on work and using whatever money I can save to buy physical assets. Not too many shiny ones though.

Here’s another little food for thought — if currency crash is really imminent, one of the best things you can do is borrow as much money as possible and buy hard assets with it. That might include (gasp!) real estate.

Disclaimer: this is not investment advice!!!

[blahblahblah]

High gold makes them look bad and for good reason, they essentially run a ponzi-scheme that requires ever expanding debt with interest attached to it that more debt/money has to be created to pay off. Nobody told them that you can’t have infinite growth in a finite world, I guess.

You’re missing the point of fiat money and inflation; it’s not about growth. It is about putting nations and people in debt to an ever-smaller group of people and then using that debt to control them and relieve them of their hard assets. The sheep think that growth is required by the system, because growth is the only way they can realize their dream of becoming VPPs. Little do they realize that the actual VPPs have a very different future in mind for them.

[blahblahblah]

High gold makes them look bad and for good reason, they essentially run a ponzi-scheme that requires ever expanding debt with interest attached to it that more debt/money has to be created to pay off. Nobody told them that you can’t have infinite growth in a finite world, I guess.

You’re missing the point of fiat money and inflation; it’s not about growth. It is about putting nations and people in debt to an ever-smaller group of people and then using that debt to control them and relieve them of their hard assets. The sheep think that growth is required by the system, because growth is the only way they can realize their dream of becoming VPPs. Little do they realize that the actual VPPs have a very different future in mind for them.

[blahblahblah]

High gold makes them look bad and for good reason, they essentially run a ponzi-scheme that requires ever expanding debt with interest attached to it that more debt/money has to be created to pay off. Nobody told them that you can’t have infinite growth in a finite world, I guess.

You’re missing the point of fiat money and inflation; it’s not about growth. It is about putting nations and people in debt to an ever-smaller group of people and then using that debt to control them and relieve them of their hard assets. The sheep think that growth is required by the system, because growth is the only way they can realize their dream of becoming VPPs. Little do they realize that the actual VPPs have a very different future in mind for them.

[blahblahblah]

High gold makes them look bad and for good reason, they essentially run a ponzi-scheme that requires ever expanding debt with interest attached to it that more debt/money has to be created to pay off. Nobody told them that you can’t have infinite growth in a finite world, I guess.

You’re missing the point of fiat money and inflation; it’s not about growth. It is about putting nations and people in debt to an ever-smaller group of people and then using that debt to control them and relieve them of their hard assets. The sheep think that growth is required by the system, because growth is the only way they can realize their dream of becoming VPPs. Little do they realize that the actual VPPs have a very different future in mind for them.

[Author]

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