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ParticipantAlso, keep in mind that the truly beautiful thing about gold is no matter how hellish this country gets or how much power TPTB exert, gold will continue to have value across borders. If you wake up one day and Obama has lost what’s left of his mind, and you realize that for your own protection and safety you need to get the hell out of Dodge, good luck relocating to another country with your garden seeds and food. Oh, and you may have to leave that house behind. I, on the other hand, will quietly scamper out with gold in my pockets and in a false bottom of a suitcase. And I will begin anew in a country that is more receptive to my needs.
BWAHAHAHAHA! Do you really think the TSA Gangstaz are gonna let you waltz through security with gold in your suitcase? Hell they’ll call the FBI and DEA and you’ll be found guilty of money laundering, thrown in the hoosegow, and all your gold will get confiscated. And if you do make it through security, what’s it going to feel like checking that box that says “I am carrying more than $10000USD in currency or valuables” on the customs form at whatever country you’re heading into? There are import taxes you know. Maybe you’ll chance it and leave that one blank I guess. That reminds me of my new favorite TV show, by the way — Locked Up Abroad.
If the Mad Max scenario hits this place is going to lock down like a Supermax Prison. You won’t get past the borders with anything, especially something that glows bright white under a metal detector.
I do agree that gold may spike in value very soon if there is a currency crisis. My fears are that the market is so liquid (very little actual metal moves, just paper certificates) and that the addition of ETFs like GLD and SLV have increased the possibility of gaming and manipulation tremendously. Buying coins and bullion might be a good hedge but of course using this in commerce is illegal and is likely to remain so for some time.
Ever read Dmitry Orlov? He lived through the Soviet Collapse and is predicting the same here. He has a lot of interesting info if you really think we’re heading down that path.
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ParticipantHigh 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
ParticipantHigh 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
ParticipantHigh 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
ParticipantHigh 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
ParticipantHigh 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
ParticipantI 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
Participantif concho’s scenario comes true, goldminers will go through the roof.
Why? The currency is backed only by “special” gold. Use of “regular” gold as currency will be illegal as it is now. Demand for gold will probably be the same or less as today, unless some new industrial use is found for it. The VPPs probably already have all the gold they need for this plan stashed away somewhere. They might need a little more so that would be good for miners, but once the system is in place they really don’t need any more.
Also note that the price per ounce should be high enough that very few people will ever actually hold a hologrammed bullion coin in their hand. They will instead just use paper money as they do today. If the price/OZ was around $5000, probably 90% of the world’s population would never even be able to own a single coin. This will allow the VPPs to engage in the good old fashioned game of “pretending” that the currency is actually backed by gold since they know that few will ever actually exchange the paper for gold.
After you’ve been fleeced as many times as I have you start thinking like these sick bastards…
blahblahblah
Participantif concho’s scenario comes true, goldminers will go through the roof.
Why? The currency is backed only by “special” gold. Use of “regular” gold as currency will be illegal as it is now. Demand for gold will probably be the same or less as today, unless some new industrial use is found for it. The VPPs probably already have all the gold they need for this plan stashed away somewhere. They might need a little more so that would be good for miners, but once the system is in place they really don’t need any more.
Also note that the price per ounce should be high enough that very few people will ever actually hold a hologrammed bullion coin in their hand. They will instead just use paper money as they do today. If the price/OZ was around $5000, probably 90% of the world’s population would never even be able to own a single coin. This will allow the VPPs to engage in the good old fashioned game of “pretending” that the currency is actually backed by gold since they know that few will ever actually exchange the paper for gold.
After you’ve been fleeced as many times as I have you start thinking like these sick bastards…
blahblahblah
Participantif concho’s scenario comes true, goldminers will go through the roof.
Why? The currency is backed only by “special” gold. Use of “regular” gold as currency will be illegal as it is now. Demand for gold will probably be the same or less as today, unless some new industrial use is found for it. The VPPs probably already have all the gold they need for this plan stashed away somewhere. They might need a little more so that would be good for miners, but once the system is in place they really don’t need any more.
Also note that the price per ounce should be high enough that very few people will ever actually hold a hologrammed bullion coin in their hand. They will instead just use paper money as they do today. If the price/OZ was around $5000, probably 90% of the world’s population would never even be able to own a single coin. This will allow the VPPs to engage in the good old fashioned game of “pretending” that the currency is actually backed by gold since they know that few will ever actually exchange the paper for gold.
After you’ve been fleeced as many times as I have you start thinking like these sick bastards…
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