I Think We Are In Big Trouble/ For You Vi

GrowRebel

GrowRebel

Well-Known Member
For those that don't agree with this video please post ... I would love for some one to prove them wrong. This is scary ... are we going to end up like Zimbabwe? Check out those picture will all the empty shelves! They will only deal in gold now ... they completely wiped out the middle class.
Just tell me when it's time to stock up on can goods.:cry: Man I need this after seeing that video.bongsmilie
Preparing Americans for Hyperinflation
[youtube]xbUIlH0stSc&feature=PlayList&p=174EA372FD4512E0&playnext=1&playnext_from=PL&index=54[/youtube]
Hold me?:-?
 
K

Keenly

Guest
well its pretty correct

i mean like gerald celente says, you cant produce a currency backed by nothing, producing practically nothing, and expect to survive


the dollar will be worthless, and precious metal values will skyrocket

invest in gold
 
Rob Roy

Rob Roy

Well-Known Member
Obama and co. didn't start this, they are simply moving it along with their spending spree.
A world currency will "save and enslave" us all. Wait and see.
 
GrowRebel

GrowRebel

Well-Known Member
Keenly said:
well its pretty correct

i mean like gerald celente says, you cant produce a currency backed by nothing, producing practically nothing, and expect to survive


the dollar will be worthless, and precious metal values will skyrocket

invest in gold
Click to expand...
What about people that don't have the money to buy gold?:cry:
 
I

ilkhan

Well-Known Member
http://www.lakotasilver.com/catalog/index.php?cPath=21

Silver rounds are like 24 bucks a peice.
Weed, Booze and bullets will also be in high demand.

Own the actual rounds though don't relie on the Markets.
There are some nasty rumors about fraud going round.
The Government has priores of confiscation as well.
In the 30's they would throw your ass in prison if you were "hoarding."

Always remember when this goes down.
The people who caused it will be the same ones who will want to "save us."
The progressives and Neo-Cons will say
"we have to nationalize, we need price controls"
Remember it was these knuckleheads that got us here.

We have to Shit-Can the FED.
 
N

NoDrama

Well-Known Member
GrowRebel said:
What about people that don't have the money to buy gold?:cry:
Click to expand...
BUY SILVER!!!!!!!!

Gold will keep its value, but silver will gain in value. Did you know that there is actually more refined gold on earth than silver. In fact there is 5 times more Gold sitting in vaults than there is silver. Silver is one of the most important industrial metals there is, almost all electrical or electronic devices require some amount of unrecoverable silver. Silver is the worlds most powerful anti bacterial agent and has many medical uses. In 1946 the USA held 2.2 Billion ounces of silver in the treasury, today it has none and has had none since 1974. There has been a mining deficit for silver for nearly 3 decades, IE they use more than they mine. The last remaining US held significant silver "Stockpile" was used in the coils of the nuclear enrichment facility in Oak Ridge, Tennessee, 47 tons worth was sold to Britain.

Go to a coin shop/jeweler/gun show and ask for either "junk silver" which are older 1964 and previous year quarters, half dollars and dimes which are 90% silver OR ask for peace dollars or 1921 Morgans. At some coin shops you can get pure silver ingots or rounds. They are bullion and come in exact weights of 1,2,5,10,100 ounce troy. You can get banker bars too ( 1,000 oz). They may not have much up front so you have to ask. If you have a bullion dealer or a gold exchange they will have all sorts of rounds, bars, ingots, coins etc etc and will give you the best price. How they price it for the junk silver is by face value, say for four 1964 quarters ( 90% silver) would be 1$ of face value. So the price right now would be around $15 of paper dollars for $1 of real silver money. They price the rounds, ingots etc etc on the spot price plus a premium. Everyone pays a premium, even the dealers do, the only time you dont is if you play the paper markets ( CoMEX, ETF). Right now My dealer has a premium of between $1.50 and $2.00 over the spot price, PER OUNCE troy. Right now at this exact moment 10-9-2009 19:17 silver's spot price is $17.70 and the markets are closed for the weekend. So my dealer would charge $19.20 for each ounce of bullion I bought.Silver has Gained $3.70 per ounce in the last 60 days which is a 20% increase as compared to Gold's increase from 950 to 1050 and 10.5% gains. Can you afford $20 to buy each ounce of silver? Would you kick yourself if it went to $300/ounce?
BTW golds premium is about 10-15% so one ounce today would cost $1,050 + $105 = $1155 per ounce.

Spot Prices here : http://www.kitco.com/market/
 
GrowRebel

GrowRebel

Well-Known Member
NoDrama said:
BUY SILVER!!!!!!!!

Gold will keep its value, but silver will gain in value. Did you know that there is actually more refined gold on earth than silver. In fact there is 5 times more Gold sitting in vaults than there is silver. Silver is one of the most important industrial metals there is, almost all electrical or electronic devices require some amount of unrecoverable silver. Silver is the worlds most powerful anti bacterial agent and has many medical uses. In 1946 the USA held 2.2 Billion ounces of silver in the treasury, today it has none and has had none since 1974. There has been a mining deficit for silver for nearly 3 decades, IE they use more than they mine. The last remaining US held significant silver "Stockpile" was used in the coils of the nuclear enrichment facility in Oak Ridge, Tennessee, 47 tons worth was sold to Britain.

Go to a coin shop/jeweler/gun show and ask for either "junk silver" which are older 1964 and previous year quarters, half dollars and dimes which are 90% silver OR ask for peace dollars or 1921 Morgans. At some coin shops you can get pure silver ingots or rounds. They are bullion and come in exact weights of 1,2,5,10,100 ounce troy. You can get banker bars too ( 1,000 oz). They may not have much up front so you have to ask. If you have a bullion dealer or a gold exchange they will have all sorts of rounds, bars, ingots, coins etc etc and will give you the best price. How they price it for the junk silver is by face value, say for four 1964 quarters ( 90% silver) would be 1$ of face value. So the price right now would be around $15 of paper dollars for $1 of real silver money. They price the rounds, ingots etc etc on the spot price plus a premium. Everyone pays a premium, even the dealers do, the only time you dont is if you play the paper markets ( CoMEX, ETF). Right now My dealer has a premium of between $1.50 and $2.00 over the spot price, PER OUNCE troy. Right now at this exact moment 10-9-2009 19:17 silver's spot price is $17.70 and the markets are closed for the weekend. So my dealer would charge $19.20 for each ounce of bullion I bought.Silver has Gained $3.70 per ounce in the last 60 days which is a 20% increase as compared to Gold's increase from 950 to 1050 and 10.5% gains. Can you afford $20 to buy each ounce of silver? Would you kick yourself if it went to $300/ounce?
BTW golds premium is about 10-15% so one ounce today would cost $1,050 + $105 = $1155 per ounce.

Spot Prices here : http://www.kitco.com/market/
Click to expand...
What about the folks who are unemployed, under employed, given up on looking, living from paycheck ... for those with a job ... to paycheck ... those struggling to make ends meet ... where do they get the money to buy silver or gold?:cry:
 
N

NoDrama

Well-Known Member
Those people should grow a garden, food will be the primary expenditure in the future if this all pans out as they say. Buy freeze dried food or food stuffs that do not go bad easily and will last a long time in storage. Buy Liquor to barter with, get some beer making supplies. There are lots of things those who are not so fortunate can do.
 
I

ilkhan

Well-Known Member
Not Much help there CJ, LOL.
Grow your own food.
Stock up on Booze, weed and bullets.
Silver is cheap IMO get it while you can.
Get to know the people who live around you.

Otherwise Help stop it before it goes down.
People are figuring this stuff out.
 
CrackerJax

CrackerJax

New Member
Silver is cheap, but it won't perform as well. In the end, it's better to save for the gold, but right now, it is not wise to buy at the top of the cycle. Gold will fall at some point. save up and make your purchases then. Buy bullion instead of old coins.
 
doobnVA

doobnVA

Well-Known Member
Yeah, everyone go buy gold! Then, if we return to the gold standard, the government can confiscate it from you! Whee!

Ron Paul 2012! Return to the gold standard! LOL!
 
kronic1989

kronic1989

Well-Known Member
Dont waste your money on gold or silver. Learn to provide for yourself. Buy some equipment that will help you or something. I'd rather buy some solar panels over some soft rock with a dingy color to it.

The system is the way it is, cause thats how they want it to play out. They ARE going to take away everything from us. First by sending us into turmoil with ourselves, then offering a solution to this madness. Madness they had orchestrated.

Americans are blind and so is the rest of the world. The capacity for such a wonderful life, for every man, woman and child is here right in your backyard. The govenment has been stripping us of our lives, in return giving us new ones, look were we are headed. People need to go back to basics.

You know, what would happen if the food trucks just stopped showing up?
You may already know, and you may soon find out.
 
CrackerJax

CrackerJax

New Member
well, the facts are.... there is no solution. When we crash it will be the real deal. All they are trying to do is stave it off as long as possible. It doesn't matter if they add a few more trillions to a debt we CANNOT PAY OFF anyways (not under this administration anyways). Americans are spoiled and will not tolerate the real sacrifice it would take for DECADES to turn it around....so it won't happen.

The crash will come when other nations like China simply say NO to more loans without PHYSICAL assets being given to them (like our industry).

If you are going to stay in dollars, you will lose everything.
 
Wavels

Wavels

Well-Known Member
There is no doubt whatsoever that we are in a very deep and smelly pile of doody!

Precious metals are an excellent hedge against inflation and a weakened dollar.
IMO gold is the best however.

Yuan denominated bonds also make sense for some of your investable money. I would buy only "gilt edge" yuan bonds,

Another consideration would be TIPS...but these being dollar denominated I would only feel comfortable taking a relatively small position in them.

I am rather pessimistic about the US economy in general, as the POTUS seems content to let the dollar continue to get bloodied.
This is not good!
:roll:
 
CrackerJax

CrackerJax

New Member
Yes, Obama officially says he is against letting the sawbuck fall, but is doing absolutely nothing about it....

After you purchase at least 10-20% of your assets into gold, watch the markets and trade the rest of your dollars in for Euros if you can. Get out of dollars......they are almost finished.
 
CrackerJax

CrackerJax

New Member
It's an economic theory which should never leave paper and enter the real world.

But it is an economic theory which GREATLY enhances the power of the STATE, so it is irresistible to the politicians who crave power over the individual.

Obama is the catalyst for this. It will destroy everything in the end.
 
Wavels

Wavels

Well-Known Member
Here is one man's opinion on how to extricate the US from this steaming pile of dung.

I think Larry has it about right.




Save the Greenback, Mr. President [Larry Kudlow]

We know that gold is soaring. And we know the dollar is slumping. But, did you know that year-to-date, while the S&P 500 is up 18 percent — a great showing, no doubt — gold is up even more? The precious metal is up 21 percent. In other words, measured in true, gold-backed purchasing power, stocks have really done nothing this year. Zip. It is most disappointing.
I try to be optimistic about better earnings, a stock-market rally, and economic recovery. And I’m sticking to my guns. But what we’re seeing right now is pretty darn close to what we witnessed in the 1970s — the rise in gold and inflation really cuts into the stock market.
So what’s the way out?
Well for starters, we need a stable dollar to stop inflationary pressures. And we also need lower tax rates to spur the economy, help it grow, and reduce unemployment. I’ve been calling this the Mundell-Laffer supply-side solution, after Nobel Prize–winning economist Robert Mundell and my mentor, former Reagan advisor Arthur Laffer. It was put to work with great success nearly 30 years ago to stop stagflation. It also launched a 20-year bull-market recovery.
Put simply, the Mundell-Laffer model exercises monetary restraint to save the dollar — and low marginal tax rates for economic-growth incentives that benefit investors, risk takers, small businesses, and workers. Right now, for therapy, the Fed should begin moving excess cash from the economy, and they should raise their target rate. Take a page from the Reserve Bank of Australia’s playbook and move rates higher.
In addition, the Treasury ought to get out there and buy these unwanted dollars in the marketplace. Just go out there and bid for them. And they need to stop printing so much debt from Congress. All this massive spending and borrowing is killing us. We need to be slashing tax rates on large and small businesses. There’s just no better place to begin job creation. And leave the Bush tax cuts in place, for heaven’s sake.
This supply-side shock therapy would save the dollar. And it would put real long-term torque into the recovery.
We’re supposed to be in an era of post-partisanship. So in this spirit, I’d like to respectfully ask President Obama and his economic team to give this plan a try. It worked for JFK. It also worked for Bill Clinton and Ronald Reagan. It can work for you as well.
The time has come to save the greenback and grow the economy, sir.

http://kudlow.nationalreview.com/post/?q=MTY3NjZmYzJhNTcyYjAzNTE2ZGI4MWY5YTNjNzQ5ZjE=
 
CrackerJax

CrackerJax

New Member
Yes, things can be done.... but we need new leadership in the White House and Congress to do it.

The rest of the world just wants to see us take a positive direction of fiscal responsibility.
 
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