Schiff: 2/3 of America to Lose Everything Because of This Crisis

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posted on Jun, 13 2013 @ 03:29 PM
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reply to post by Sankari
 


The idea behind having gold is as follows:

The economy *may* crash, because investor confidence in the US economy's ability to generate an return on investment may turn sour - especially if the US dollar is bled out of the US to the point of not being able to conduct business in the US.

However, if the US dollar loses it's value..... You have gold! Gold *might* be useable for exchange, if it is still valued elsewhere. (and the world economy hasn't crashed)

An alternative to this is the fact that gold isn't printed and is in limited supply. Though it is difficult to identify - it is not *impossible* to identify in extremely difficult circumstances - and *can* be potentially used to set up banking as it used to be. You deposit gold and use the currency that represents the gold as your means of exchange.

Just some food for thought.




posted on Jun, 13 2013 @ 04:04 PM
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reply to post by Wrabbit2000
 


US America is in an envious position as a continental nation that is could in theory self sustain but that would require direct and aggressive government action to take back from the international corporations all they have stolen from your great nation over the past 60 years and that is just not going to happen, indeed you will be turned into a third world nation by these sociopathic monstrosity's and the America the world remembers and want's for themselves will truly become a lost golden age, make no doubt we defeated the Nazi's on Europe but they still found a way to take over the world.

It is not how a man falls that defines him but how he gets back up.



posted on Jun, 13 2013 @ 04:44 PM
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If they make the stupid idea to keep gold as money
it will destroy any new economy. why?

because the gold will under value the new money.
some one comes alone with Tons of Gold
and they slowly buy every thing with it.

they leaves the economy GONE!
some one paid for it. they now have ALL the money!
and we are back at the start.

please think about it.
you Can Not have money and gold as cash.
or any thing else. you have Money ONLY!!!



posted on Jun, 13 2013 @ 05:21 PM
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reply to post by buddha
 


I know that there are people with tons of gold...

But there are also many common people with gold too.

If they can buy everything in a future driven by gold, they can buy everything even now.... Gold can still be exchanged for currency - even today.

I was thinking that small groups of people might do this.... though I personally would prefer barter for my personal protection.
edit on 13-6-2013 by sensibleSenseless because: line add



posted on Jun, 13 2013 @ 06:43 PM
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Originally posted by Observationalist

How about technology, can we discover or invent something that will drive the market again.





If we shut down the oil industry (would provide years of employment) and shifted to zero point energy there would a huge demand for the products that work on those principles not to mention solve pollution problems and allow us to raise living standards around the world. win win situation... well except for the oil people



posted on Jun, 13 2013 @ 07:06 PM
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What can one do?

I think that what we will see is a period of increased inflation. The Percentage depends upon how stupid the politicians are about it. They can easily make it worse if they manage this poorly.

So, don't carry any debt that has a high interest rate. If you buy a house or car with a loan, make sure that it is a fixed interest rate. It's best if you pay all cash for things so you don't have any loan payments.

Second, put some thought into what things you would really need if there was an economic collapse.
Food, water, gas come to mind.
Food you can purchase some foods now that store well and kind of stock up on them. If the economy does not collapse then you can just eat what you've bought.

Learn to garden. You might be surprised how fun it is to actually grow your own food.

Third, think about stock piling things that you might be able to barter with if money has little value? Then stockpile some of those things. You should preferable only stockpile things that you would also use.

Fourth... Reduce or eliminate any credit card debt that you may carry. It may be good for the big companies but it does not benefit you in the lease.

Figure out how to downsize your life. Do you really need that gym membership or cable TV or that fancy coffee you have as a treat?



posted on Jun, 14 2013 @ 01:01 AM
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Originally posted by bottleslingguy

Originally posted by Observationalist

How about technology, can we discover or invent something that will drive the market again.

If we shut down the oil industry (would provide years of employment) and shifted to zero point energy there would a huge demand for the products that work on those principles not to mention solve pollution problems and allow us to raise living standards around the world. win win situation... well except for the oil people


Something like this is what I was thinking. New Material State “Defies” Laws of Physics

This could do the trick.

Scientists applied pressure and various fluids upon Zinc Cyanide and found that the molecules behaved in ways hitherto unknown by science, in fact possibly 'flouting' known physics laws, in that instead of being compressed or contracting, the materials expanded and became porous.



posted on Jun, 14 2013 @ 01:29 AM
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reply to post by Grumble
 


More doom porn. Meh.


Doom porn? Perhaps, but for me, i'm looking at live buck naked poverty here. Not fun right now.

The reality of a collapsing economy will hits us one at a time. If your not ready your not ready. I was not ready.



posted on Jun, 14 2013 @ 10:41 AM
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Originally posted by sensibleSenseless
reply to post by Sankari
 


The idea behind having gold is as follows:

The economy *may* crash, because investor confidence in the US economy's ability to generate an return on investment may turn sour - especially if the US dollar is bled out of the US to the point of not being able to conduct business in the US.

However, if the US dollar loses it's value..... You have gold! Gold *might* be useable for exchange, if it is still valued elsewhere. (and the world economy hasn't crashed)

An alternative to this is the fact that gold isn't printed and is in limited supply. Though it is difficult to identify - it is not *impossible* to identify in extremely difficult circumstances - and *can* be potentially used to set up banking as it used to be. You deposit gold and use the currency that represents the gold as your means of exchange.

Just some food for thought.




More food for thought. If SHTF, why would someone give you their food for you gold. You can't eat gold. Wouldn't it be better to hoard usable things like food water alcohol



posted on Jun, 14 2013 @ 11:08 AM
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Just means there will be another big World War, it will be like wiping the slate clean. Who ever wins the war will hold the next currencies. I am glad the U.S. has the biggest military on the planet. Thank god for Marines
Oohrah



posted on Jun, 14 2013 @ 04:56 PM
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reply to post by LastStarfighter
 


Agreed.



posted on Jun, 14 2013 @ 04:59 PM
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reply to post by Skorpy
 


Depending on the war you're referring to - marines, tech and nukes may not cut it.

Just ask why your bosses hesitate to smash and grab anymore.
edit on 14-6-2013 by sensibleSenseless because: line add



posted on Jun, 15 2013 @ 11:35 AM
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I recently cashed out my retirement fund at a whopping 100k (lol). 65k after taxes and penalty.

I bought a house and paid cash.... 45k for a 3 bed 2 bath on an acre.......this will put me completely debt free for the first time in my life other than utilities/food/gas etc.

Its a good feeling.



posted on Jun, 15 2013 @ 11:39 AM
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Originally posted by RickinVa
I recently cashed out my retirement fund at a whopping 100k (lol). 65k after taxes and penalty.

I bought a house and paid cash.... 45k for a 3 bed 2 bath on an acre.......this will put me completely debt free for the first time in my life other than utilities/food/gas etc.

Its a good feeling.


Nicely done RichinVAa.

It's a good feeling not to be shackled by debt, isn't it?

I too am working on eliminating all of my debt and devote my time on the important things in life.



posted on Jun, 16 2013 @ 09:29 PM
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Nice article wrab. I'm not even over there in the usa. But down here in Oz, I'm sweating on clearing my 35K (yes 35000) credit card debt. (hit it hard to get our last house to "substantial progress" so as to not lose my owner builder's permit). I'm on a pension so there's no real way to bring in exra dollars. Why have I mentioned all of that?



posted on Jun, 18 2013 @ 10:33 PM
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Interesting...

If they really wanted to fix the economy, currency has to be made to flow. And this flow is necessary in order to drive the engines of demand for goods which in turn drives the need for capital in producing those goods. However much of that flow is dammed up. (Or diverted outside of the economy that actually drives the local market.) Sure some would argue there's a lot of fluidity in the market, "Where's this lack of flow?" they would ask. But what is going on there is akin to passing a bucket back and forth in the reservoir upstream while downstream is very much in a drought. The so called trickle-down that's hyped in the 1980's isn't happening.

Now if government wanted to, they could tap that reservoir of the upper class and distribute it to where it would get spent and get everything all vibrant again. But unfortunately too many of them are up there and swimming in it like it's their own personal pool, while everyone else is flopping around in the mud and wondering why we're being left high and dry.

Tax rates and tax brackets getting a big adjustment would do a heck of a lot more than printing more and more money that doesn't go anywhere useful. They might have to look back to rates and ratios of the 1950s to get an idea of what pushes an economy forward with any momentum. Whether or not they want to do it is another thing.

But "Oh noes! Stuff like that is commie talk!" No it isn't, such is not asking to take it all away - and those with wealth would still be on top of the food chain. Just not to the excessive and useless ratio that it was before. (Socializing costs on the bottom is also like expecting to get more water for downstream by pumping it from the same spot, and not looking to getting it from where it actually is. And in that regard... Yey! Obamacare!) Anyhow the rich need to quit getting their panties in a knot and whining about everyone else being lazy!

Short of a world war or something drastic of that nature, taking previously stratified funds and putting it into public works or research would likely help the most. Stuff like that is what gets the most discretionary income to the most people which ensures the economic machine is well lubricated. The way it is now, in all their striving for efficiency is actually running the bearings dry and grinding the machine to a halt if not breaking it in the process. (Seriously though, the pursuit of productivity should not be implemented in a destructive manner.)

Now sure, my approach to economics isn't exactly considered couth, but give it to somebody who could translate it into Ivy League mumbo jumbo and numbers and we might have something better to work with than whatever they're using now.



posted on Jun, 20 2013 @ 02:26 PM
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How low will it go???


Stocks Nosedive 2%, Dow Plummets Over 300 on Fed Taper Talk


www.cnbc.com...


Stocks tumble around the world; Dow drops over 2 percent


www.nbcnews.com...

Anymore doubt?

Just a word that the "the central bank may scale back its asset purchases later this year, the world's markets were in turmoil."

www.nbcnews.com...


So what to do? Keep printing???



edit on 20-6-2013 by edmc^2 because: link added






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