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Evidence seems to be mounting that we are headed towards some sort of implosion in the paper Gold market, and perhaps the currency/bond markets in general.
Originally posted by unityemissions
reply to post by mnemeth1
I got a question regarding maxing credit cards to buy physical gold/silver. Wouldn't the debt roll over into whatever new system is formed in one way or another?
Originally posted by GreenBicMan
Is that you Aristocrat?
Show me something based on recent and historical movements of currencies that even remotely reflects that. If you haven't noticed the Dollar is starting to look real damn good vs. all currencies lately.
Originally posted by mnemeth1
Originally posted by unityemissions
reply to post by mnemeth1
I got a question regarding maxing credit cards to buy physical gold/silver. Wouldn't the debt roll over into whatever new system is formed in one way or another?
dude, when the dollar goes, it will be Mad Max Beyond Thunderdome time.
No one will give a shat about paying back debt.
Lets say I take out 10,000 in credit debt and buy 9 gold bars.
Then the dollar implodes.
I sell 1 gold bar for 100,000.
I now pay back the 10,000 i just spent.
[edit on 11-3-2010 by mnemeth1]
The government will begin confiscating gold once again as they did back during FDR’s reign of terror. Only this time I don’t think the people are going to let the government take it without a fight. The people are not so stupid as to be duped like they were last time. Things are about to get nasty – real nasty.
Originally posted by unityemissions
Why?
Why must their be anarchy when the dollar collapses?
Why can't we just have a bank holiday and start with a new currency which USD will be trade able for albeit somewhat devalued?
It seems possible that the dollar collapse causes mass chaos, but must it?! Really?
Originally posted by GreenBicMan
reply to post by mnemeth1
Can't meet debt obligations?
Really?
I am pretty sure no country is due all it's debt at one time and like the most probable outcome in Greece they will just "reschedule" their debt. Then they get cut off from taking high risk for a while until they have learned their lesson. I see that process continuing on for quite a long while.
If/When Greece pulls this off you will most likely see a big relief rally in the EUR USD and then reality will set back in and USD will start to get real damn strong.
But dollar collapse? In the face of GBP troubles and Euro troubles? No way, sorry mang'.
Originally posted by Subjective Truth
Is the sky falling? This is the million dollar question and right now is probably more important than what happens when you die. It very well may be falling but if you put all of your eggs in one basket you good end up screwed.
If you buy into it to early you are screwed if you wait for to long you are screwed. I wish we could just see the real truth in all of this fog. And to the OP what proof do you have that the other 100 threads of this nature don't have? And if you have nothing new why are you posting? Is it just to get flags or is it to spread more fear?
Originally posted by unityemissions
reply to post by mnemeth1
You seem a bit too sure of this for me to take you seriously. You don't say this is probable, you say it WILL happen. I must ask, who would want this exactly? If it's mad max then it's anarchy. That means the government collapses. How would the government becoming non-existent benefit the government? Or are you referring to the ruling elite? I'm just trying to understand your reasoning.