Dollar Implosion Imminent, page 1

Due to the massive welfare state, multiple wars, and unhinged spending by bureaucrats, the dollar is set to implode shortly.

All this talk about Obamacare, additional welfare programs, more looting, etc.. will be moot very shortly.

I know most of you don't care, don't want to care, or willfully delude yourselves in to thinking the problem will go away and everything will be just fine, but its coming whether you like it or not.

The US Government is insolvent - its bankrupt. It is bankrupt right now, not at some distant point in the future. Its bankrupt right now. The bond auctions are failing and the end of the dollar is approaching rapidly.

The criminal politicians in Washington know full well what they are doing. The criminal federal reserve system knows full well what it is doing. They will not stop until they destroy the country. This is absolutely intentional.

This is always the end result of socialist policy - total destruction of the currency.

Zero Hedge’s Gordon Gekko reports:

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.

In a long and detailed article, Gekko lays out the overwhelming evidence of bond and precious metal EFT market manipulation.

The gold stocks will not pay out in real gold. When the market implodes, if you haven’t taken physical delivery, you’re not going to get jack besides worthless paper.

The EFTs are all putting out notifications that they are not required to pay back in physical gold. The banks are putting out notices that they are not required to pay back all checking deposits on demand. Fake gold bars originating from banks has been confirmed. Bond auctions are failing. – the list goes on.

I’m figuring the country has about a year left or less before the entire system goes super-nova.

At this point, I feel it is worth it to take out as much credit card debt as possible for the sole purpose of purchasing physical gold with it. People should begin hoarding as much credit debt as they can manage and do nothing but purchase physical gold with it. (I am not offering professional investment advice, this is my personal opinion, you assume all risk if you choose to follow this advice.)

If you don’t have gold when the system implodes, you will be out on the streets starving.

You must take physical delivery.

You must hide the gold.

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.

The obvious bond auction failures are a tell-tale sign of pending doom for the dollar. The US fraudulent ponzi currency system can not maintain itself without successful auctions to export the inflation.

Moving on past the dire warnings being put out by the EFTs and banks, we move on to the failure of US Bond auctions.

Zero hedge again provides us the details of the latest auction:
Indirects at miserable 23.9% vs. Avg. 42.32% (Prev. 40.77%)
Direct take down an absolutely stunning 29.7%

Market Oracle explains how bond auctions work.

Direct buyers are people that are undisclosed.

We don't know who they are, and in fact its probably the Federal Reserve itself buying its own bonds at auction.

The indirect buyers typically represent foreign governments. A healthy bond sale will see large indirect participation. That means foreign governments view the dollar as a good investment. What we see right here is a bond market failure.

This trend of direct buyers (the fed) buying up treasuries has been accelerating.

When the fed or treasury buys treasuries it causes massive inflation.

This is how the printing press works in todays monetary system.

It will not be long now before the whole system implodes.

Further, congress has essentially granted a full guarantee to all Fannie and Freddie held mortgages.

This essentially means the entire US housing market is now being backed by the US tax payer.

5 trillion in mortgage securities.

That 5 trillion is not being held on the governments books. No money has been allocated to account for this risk. Right now, mortgages in the top 20 cities are still 50% over 1999 levels. That means there is still a lot of room for them to come down.

Full article on it here.

reply to post by mnemeth1

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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 unityemissions
reply to post by mnemeth1

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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]

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]

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?

reply to post by mnemeth1

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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'.

reply to post by Vitchilo

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Vit-

Me and you agree for once greatly about price in Gold. It is all subject to fear and greed, relating to price. If the market all the sudden dictates its worth around $100 an ounce (worst ever case scenario) it will hurt quite a bit.

Originally posted by GreenBicMan
reply to post by mnemeth1

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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'.

OK, so explain why direct buys were at over 29% and indirects were down below 24%

Sound like a healthy currency to you?

You think debt rescheduling will save us?

What do you think the Fed is doing right now with their short terms?

Its like a revolving door doing 10,000 rpm out there.

reply to post by mnemeth1

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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.

Originally posted by unityemissions
reply to post by mnemeth1

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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.

Yes, it WILL happen.

There is no doubt in my mind.

How this will play out is anyones guess, but its clear the US is completely insolvent and has begun its debt death spiral.

Its over.

reply to post by mnemeth1

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Hahaha, like you have intimate knowledge of the bond market? We had a bid to cover ratio that rick santelli gave an a++++ but graded the other a c I believe if I remember correctly. I have heard Karl Denniger and ZH promote this almost 20% OF EVERY #ING BOND AUCTION. I am so tired of people posting the bunkest commentary from that site. I mean, you can post what you want but you cant go into a tirade like you personally trade the yield curve or something and get in my face about it like you really know what you are talking about.

are you kidding me?

jesus, if you are going to zero hedge to make your investment and conscience decisions in life you have problems with reality.

Look at the dollar index right now and tell me if you see something that could reflect an imminent crash?


EDIT: I didnt write in that "N-WORD" thing not sure what that is about i mean karl d.

[edit on 11-3-2010 by GreenBicMan]

reply to post by GreenBicMan

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I noticed you didn't explain the 30% direct buy participation nor the 24% indirect participation in your little rant.

But keep telling yourself everything is fine.

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