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Originally posted by Danbones
the reason the stock market goes up in this climate isn't because of value.
There is no increase in value on the american markets, the manufacturing that creates value is all off shore...
the increase in numbers is from INFLATION...
Well, once you put all the items that have been removed from the basket of indicators since Reagan's time back in the basket of indicators, that becomes painfully obvious
Well, for the common man, just gas up the car and go shopping, that will tell you about the real inflation rate.
but there has to be belief in that value to keep it..
so expect some denial
yesterday (wed 24 ) ther were 8000 sells to 1 buy on the s and p
edit on 25-11-2010 by Danbones because: (no reason given)edit on 25-11-2010 by Danbones because: (no reason given)
Originally posted by JR MacBeth
But the Weimar Republic is that other scenario. One "survivor" of this hyperinflation I once heard told his story, and he said that NO ONE expected it, that when the hyperinflation hit, it struck "like lightning", he said no one was prepared. What happened very quickly was that proverbial wheelbarrows of currency weren't worth a loaf of bread, but the other side of the story was that gold and silver coins came out of the woodwork. Perhaps grandma had put some aside, but fortunately for them, those old coins had been in circulation not much earlier.
Now flash forward and compare this to our situation today: We know that almost NO ONE has any gold or silver. Silver coins haven't circulated in decades. The only gold the average person has is their tiny wedding ring. We could ask, what will we fall back on?
The answer might be something like "barter" at least temporarily, but the real moral of the story is that our masters have succeeded in divorcing the populace from their precious metals past, and so, it is our masters who will hold all the cards, just the way they planned it. This way, they can present us with their "solution" (to the problem they created in the first place).
That "solution" has traditionally been gold. Now these IMF announcements should make more sense. This is what the banksters do. They take hold of finance through their monopoly over fiat currency creation, and they bleed the system dry. A "collapse", or at least ugly depression naturally is a price to pay.
Next, they offer the solution, saying that fiat money "failed", and that the only way back to "sound money" is through "god's money" (or some such BS), which is GOLD.
Of course, the central banks hold almost all the gold in the world! Perfect! They have us exactly where they want us.
Note well that emerging political forces, like the Tea Party, are already halfway there, and will be the first to advocate gold as a solution once it is officially on the table. The pendulum does swing.
The good news is that precious metals do in fact offer at least temporary protection to anything catastrophic. And from my reading of official announcements, TPTB may indeed choose a swift collapse of the dollar, with the plan of installing a true world currency to take it's place. That transition will be very painful to Americans most especially, as their dollar-denominated bank balances go to zero worth overnight.
If a person has little liquid net worth, then probably just stick to canned food as preparation! But, if a person does want to preserve some of their hard earned savings, then it has ever been prudent to play the game using the same thing that the banksters enjoy as their Plan B, and that is gold (and silver). No, you can't eat it, but like many in Germany who found themselves with out it in that time of need, those of us who obey that ancient advice to simply hold 10 % in gold, will be glad they did. This isn't controversial at all, it has been conservative advice for many years.
Originally posted by lbndhr
reply to post by Vesica
Do you realize the world leaders are trying to make a one world currency? =namingly the euro? peace
Half of your statement is reasonable, the other half not. The reason hyperinflation is extremely unlikely is that the paper we are printing is held as excess reserves in banks. Without that money actually in the economy, one cannot fill wheelbarrows with cash. That is why the Weimar situation is not happen. The same is to be said of Zimbabwe. In both cases, the money was printed and handed out to people. In our case, the money is just being added to electronic banks and not being circulated at all in the economy.
The reasonable statement is 10% in gold. Even if gold is not a yielding asset, it is as you say a hedge against extremely tough times. As a result, definitely hold 10%. Beyond that and you are getting into sheeple territory.
Some analysts are warning that the U.S. dollar is in danger of collapse because of the exploding U.S. government debt, the horrific U.S. trade deficit and the new round of quantitative easing recently announced by the Federal Reserve. Other analysts are warning the the euro is in danger of collapse because of the very serious sovereign debt crisis that is affecting nations such as Greece, Portugal, Ireland, Italy, Belgium and Spain. So what happens if the dollar and the euro both collapse? Well, it would certainly throw the current world financial order into a state of chaos, but what would emerge from the ashes? Would the nations of the world go back to using dozens of different national currencies or would we see a truly global currency emerge for the very first time?
Originally posted by Stewie
I don't think most people realize what a dollar collapse looks like in reality, or they would have been complaining since at least the seventies. It is all about purchasing power.
We have real inflation, real steady inflation. No need to worry about a sudden "collapse" I don't think, just more and more people that can't buy things. Steadily more.
Like the steady inflation, we may or may not notice the steady increase in crime. We may not notice or be aware because, unless we are affected directly or our neighborhood is, we rely on the news to report such things. They may simply choose not to alarm us...treat national civil unrest as "isolated" incidents. Yes, keep watching the television to get your reality.
People here on ATS sometimes talk over their own heads. If everyone that posted just posted their own honest experiences within our economy, a realistic picture would emerge. This picture would illustrate the real affects of a declining "real" economy, that is, what is REAL to you and me.
All of this talk about the dollar is counterproductive. Why? Because the game is rigged. The market is rigged. You are looking in the wrong direction, you are looking at "their" economy.
The economy as YOU and I know it, was not produced by Wall Street or the government. Unless you are a wall street or government insider trader (don't split hairs please), you are a liability or a potential producer and "they" have no motivation to help you produce, or provide you and I with an economy... only to extract the dollar from producers to give to the liabilities. Do you really think they want to make that dollar worthless. Worth less, yes, but not worthless.
Get off the grid, but the grid isn't going anywhere.
Originally posted by Angry Danish
reply to post by Mythkiller
I wonder how they chose the dollar values for gold, silver, etc. $4000 / ounce for gold, kinda sensationalist.
I'm not sold on the fiat currency implosion just yet... while the system is wrought with untold amounts of corruption, scams and what-not... that has a stabilizing effect as well. When there are no rules for those who are running the game, they can keep changing them and always find something to keep the system going. Following the rules is what will make the system collapse, and to be honest, I don't see that happening any time soon.