September Will Bring the Sound of Banks Crashing. After That, the Crackle of Gunfire.

Regardless of the WHEN.....the premise is reasonably underpinned........
How WILL the debt be serviced in a shrinking economy?
Eventually all the doom porn will come true......the simple mathematics of the situation demand a reset........
Barring the miracle of technological innovation,(cold fusion, zero point energy, etc etc) or some other major change, we are in the garbage chute regardless what floor we happen to be passing at the moment.
The brightest minds and the wilyest money changers aren't going to be able o fix the unfixable before it comes crashing to a halt......

Originally posted by benrl

Originally posted by GogoVicMorrow
reply to post by METACOMET

 

I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?

I buy things I can use, hard goods.

Gold and silver in my safe are pretty useless to most people, if you have the funds, buy silver (lower cost, easier to obtain)

and the rest staple goods, dried grains etc.

Invest in yourself, take a mechanics course, survival, first aid, etc, things you can use.

Worst case you end up knowing more, best case it saves your life.

I agree with most of what you said except the buying of silver and gold...can't eat them last time I checked.

reply to post by benrl


I'm good witg myself. I've spent a lot of my life on a farm in Ky gardening, camping, fishing, etc. I should invest in mi re food, but I'm really curious what people think silver and gold will do in the future and what caused the crash.

reply to post by Wrabbit2000


I am not that concerned about food. I'm young, recently single, and have no kids. The food I have would easily support my younger brother and I for 6 months. I agree that I should get more basic foods (as should everyone), that can be prepared because even canned goods will get old if something happened.

I do have a silver test kit, everyone should. I have the extra money to buy a bit here and there.
Everyone says you can't eat your metals, but you can guarantee there will be people looking to get ahead in a reconstructed society by selling goods for silver and gold if tshtf (which isn't likely as a national or global event).

I was just curious about peoples opinions on silver and gold. What happened and what will happen.

reply to post by Thunderheart


Doesn't matter. They have been valued for thousands of years and will always be valued. If you own them, even in a shtf scenario someone will be accepting gold for goods they have hoarded.

Originally posted by Wrabbit2000

Originally posted by GogoVicMorrow
reply to post by METACOMET

 

I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?

Someone with limited money? Well...Look at the Great Depression. You can't eat or drink precious metals and stiff drinks over healthy dinners may come to mean more than anything in times sooner than we'd all like.

I don't have a way to test silver to see if it's silver. Same with gold for that matter. Do you?

One ounce gold coins are always the same size and weight, and there are several small devices that measure weight and size in just a couple of seconds. Silver does require chemical testing unless you've got small silver coins, which would not be worth counterfeiting--ie old dimes or quarters now worth $2-$5.

reply to post by muzzleflash

When our fiat dollar becomes disconnected from the petro dollar, what will our dollar be worth ?? I'm thinking hyperinflation could occur, hence the need for a wheelbarrow. The scarcity you mention certainly isn't in the monetary supply, the Fed is pumping 85 B. every month. Food and gas aren't scarce, they're just more expensive cause the dollar is worth less.

reply to post by MuzzleBreak


Yep for silver you can by an acid and scratchpad test for a couple bucks at most coin shops. And you're right of course I wouldn't worry about testing anything small, just clank them together and run a magnet over . If you mess with silver at all you know the sound. China does have a lot of morgan counterfiets though.

reply to post by GogoVicMorrow
You can buy test kits..yes. I know that tests do prove it's real and show down to what karat the gold is. They aren't difficult to get or anything. Who has one though? I don't have one and realistically don't expect I'll get one. Outside those with a special interest like a pawnshop or other purpose? Well the scammers will have a field day and I'll barter between what I have and what I need if something lasts for a length of time.

There is also another point that's hard to miss and that's timing. Outside those trying to pump the market in some small way, hoping it'll go back up for their own losses (and there were plenty buying far above the price right now), I can't imagine anyone actually looking to buy at the moment in time.


Source: Kitco

Some may believe it will go back up but there is a long way between belief and happening on that crazy market and it looks headed down at the moment.

Originally posted by benrl
In all honestly how long can people continue to support a system that allows banks to reap the blood sweat and tears of the common man?

Just look at Detroit, they are talking about a "bail in" Cutting the pensions there in order to bail out the banks... Because the banks are "too important to face the loss"

That is what is going to happen to pensions all over this country.
The Big Wall Street Banks hold a lot of pension funds and there will be nothing left after they take their cut.

Not being satisfied with what they have, they want the rest of the pension funds out there.

www.businessweek.com...

www2.ucsc.edu...

JPMorganChase, Citi, Cerberus, and Morgan Stanley are among the firms lobbying Washington to let them take over and run corporate pension funds

Some of the folks that brought us the subprime meltdown and the global credit crisis have a bold new idea that could solve a slew of problems for U.S. companies—but also might cause a whole set of troubles for employees.

A broad coalition of Wall Street firms, from banks and insurers to hedge funds and private equity firms, are pushing lawmakers to let them buy and manage so-called frozen corporate pension plans, which no longer accept new members but must continue to cover current ones.

newcity.patch.com...

According to a report released today by the (IDC) fees paid to Wall Street firms managing the State Pension Fund surged 163 percent during the last five years even though pension fund investments faltered. The report states the fee increases cost almost $758 million while the pension fund had a net negative investment return during that time.

The criminals on Wall Street want your money.

Oh Bull#, the Banks have been about to collapse every month. Wah Wah Wah, get a damn grip.

reply to post by Wrabbit2000


Like I said.. I have a test kit for silver. It cost like 3 bucks and I pixked it up at a coin shop. I don't see what is unrealistix about having or getting one.

reply to post by Wrabbit2000


Also I have more in silver since it out performs gold. Now seems the time to buy to me while its down.

Originally posted by RedShirt73
reply to post by benrl

 

So basically what your saying is that the US, in 10 to 20 years, will be like mad max territory, lol.

It should frighten everyone, the fact that a US city is as bad as some third world countries should have every US citizen up in arms.

instead its not my city not my problem.

One day soon it will be your city, the question is what are you going to do about it.

Originally posted by Thunderheart

Originally posted by benrl

Originally posted by GogoVicMorrow
reply to post by METACOMET

 

I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?

I buy things I can use, hard goods.

Gold and silver in my safe are pretty useless to most people, if you have the funds, buy silver (lower cost, easier to obtain)

and the rest staple goods, dried grains etc.

Invest in yourself, take a mechanics course, survival, first aid, etc, things you can use.

Worst case you end up knowing more, best case it saves your life.

I agree with most of what you said except the buying of silver and gold...can't eat them last time I checked.

I said if you have the funds, as in if your discretionary income is such you can buy precious metals if you so desire, Thought I was pretty clear the better choice was staple goods and personal enrichment.

Originally posted by Mamatus
Oh Bull#, the Banks have been about to collapse every month. Wah Wah Wah, get a damn grip.

You go ahead and keep your head in the sand.

A prudent person hopes for the best, and plans for the worst.

Originally posted by Wrabbit2000

Originally posted by GogoVicMorrow
reply to post by METACOMET

 

I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?

I think gold and silver is a great idea for someone with plenty of extra money to invest because someday, eventually, a currency will replace this one when it soon crashes. I think many of us see by now how it can do nothing else by exponentially climbing numbers no one even attempts to explain a way to pay off anymore.

Someone with limited money? Well...Look at the Great Depression. You can't eat or drink precious metals and stiff drinks over healthy dinners may come to mean more than anything in times sooner than we'd all like.

I don't have a way to test silver to see if it's silver. Same with gold for that matter. Do you?

A Storage Wars show had coins come out of one that were Silver Dollars. There was a slight difference sitting next to the real ones in appearance by some age coloring but they didn't mention that. They said magnet testing is the best way for that particular scam. ...Umm.. people have full presses for fakes like that?? I'm not trusting much in a SHTF situation. I say buy useful things before inflation makes them more expensive. Clothes and important stuff.

I agree many scams going on all over the world:

My wife does buy 24 carrot gold overseas. It is soft and the ear rings and bracelets she buys can be bent or be dinged if struck hard enough. Remember the old movies when a gold coin was bitten to see if it was real; pure gold is softer than 21 carrot and has more of a yellow/orange (golden?) color.

We have a few gold chains that are worn..

It is different in S.E. Asia where there are gold shops on almost every corner and the price of gold for that day is posted. If you have a one ounce gold chain and the price for it's weight is $1300 then that is what they give you...When buying, you do pay for the craftsmanship which can be anywhere from 20 to 50$ depending on the piece. We have been buying overseas for several years but all or most of it is worn or used on occasion...

The gold bars last year that had the tungsten inserts was a definite eye opener for those who buy bars....or it should have been? The story of the US gold bars with serial numbers that were sent to China rings my bell!

It is not that we are rolling in money but if some piece is beautiful and looks good on her, if we have the budget, then I buy it. When gold was over $1700 an ounce I sold some of the chains and bracelets (over her protest) and as luck would have it when the price dropped to below $1300 I took the money and purchased new gold and actually added a few ounces over our original holdings when the price dropped back to less than $1300...No protest from the wife over that and I was once again a hero....for a day or two...

The gold we have is an investment (in my mind) and it is something that makes my wife happy (she says it is for our future) so it is a bit different for us because what we have gets used... errr she uses it..... other than my ring and a chain with a Buddha surrounded in gold (she makes me wear it for good luck) everything else is hers...hummmmm....hahahaha Wonder if I would look good with a gold bracelet....nah not my style...

Originally posted by stirling
Regardless of the WHEN.....the premise is reasonably underpinned........
How WILL the debt be serviced in a shrinking economy?
Eventually all the doom porn will come true......the simple mathematics of the situation demand a reset........
Barring the miracle of technological innovation,(cold fusion, zero point energy, etc etc) or some other major change, we are in the garbage chute regardless what floor we happen to be passing at the moment.
The brightest minds and the wilyest money changers aren't going to be able o fix the unfixable before it comes crashing to a halt......

Agree

I think new the next collapse may be one of the worst we have experienced in us history. Their will be more of a haves/have nots and the social unrest if their is not a "safety net" will be very high imo. I think their is hope wrt to nanotechnology and other technological breakthru's for some "hope" for growth to grow us out of the mess we face after next market downturn.

One thing i can say regarding "lazy americans" . Go after their pensions and the guns will come out and they WILL get off their asses and will turn off their football games. Banks better be extremely sneaky if they try

Originally posted by RedShirt73
One question that's been bugging me lately. The US government is saying that their in a recovery as we can hear all over the MSM and from the political meatslabs. Yet there are cities/towns in the US that are going bankrupt??? I may have just had a stroke or I might be alittle slow on the uptake but this doesn't sound like a recovery more like the beginnings/early stages of a major collapse. Can someone please explain this to me???

edit on 7-8-2013 by RedShirt73 because: (no reason given)

Well, they're always talking about unemployment/recovery data, the problem is I can't believe a word of it anymore. Everyone knows the unemployment data is a farce. Countless people don't report, and even more are horribly underemployed/doing part-time/low-paying work.

Of course they want people (see: investors of any kind) to have confidence in the economy to hopefully get things moving/get some of that money in play that's been stashed by the Uncle Scrooges of the world.

You can literally hear conflicting data within the same short time window from various media outlets...

They present the pieces that sound positive as often as possible, massage/frame what they can just enough to avoid being called out on it often, and throw in a slightly negative story every now and then so that people don't become skeptical. :-P

This will occur because they NEED to crash the banks and make money lose its value in order to set the stage to coincide with World War 3.
It will be a false war that won't last very long because the end will be coming shortly after when the second sun arrives bringing the cataclysm.
This is something Jesus spoke about to his apostles that were signs of the end and it will come to pass and 3/4ths of this earth will vanish and then The Lord will restore his world and claim his children.

Those who survive will be the ones who will be with the Father, those who do not will perish physically but spiritually they will have to wait to reincarnate many many years later because they wasted their time on earth with jobs, money and not remembering The Lord at all throughout their life which is the TRUE LIFE and true purpose of every soul.

To reach the father through spiritual trials because when you perform deeds of virtue and love those reach The Lord and make him happy because ONLY spiritual elevated thoughts can reach him.

God is not evil. Man is evil but we have the capacity to love ALOT.
Man has gone as far even to love himself but not each other and that is a mistake we must correct.
God has love, wisdom, power but will not destroy.

We are bringing the end upon ourselves and "God" will judge humanity...

He has appointed someone to do the job that he himself will not do.

The hopi Indians speak of the one that will bring change.

Enoch called him "The Elect One" that has been hidden since BEFORE the creation of the worlds.

Jesus was announced as messiah

The Anti Christ, also known as the ARK OF GOD made flesh.

Was not announced, where is he? Who is he?

He has been hidden. And he is coming during the end times AFTER the arrival of the Aliens.

He is not them. In fact they are afraid of him because he will judge them as well for their manipulation of man through DNA altering and dream realms and experimentation and abductions.


You see, this bank failure and economy "recovery" is gonna be the LEAST of the events coming.

Need more info feel free to ask, I have alot of knowledge on what is to come.

My sources are government leaks, information Whistleblowers, and witnessing manifestations of The Lord through poor humble people who cannot speak let alone have any knowledge of these things.

One of the things I witnessed the creator say was "This is the moment, there will be two suns and it will be dark for 3 days and 3 nights, you will HEAR people screaming but do not go outside or open the door for anything. 3 quarter parts of this earth will disappear and everyone will hear me speak."