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Lindsey: Fed Virtually Funding the Entire Deficit ($85 Billion a Day) - Video
CNBC via RealClearMarkets ^ | 9/26/2012 | Lawrence Lindsey - Squawk Box

Posted on 09/26/2012 11:07:25 AM PDT by mojito

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To: MrB
QE4ever has given preppers a couple more years to get ready, but the crash is going to be worse than ever.

I hope your correct MrB...on the timing. At this moment I feel like two months is the reality. Two years? A Godsend.
21 posted on 09/26/2012 1:35:00 PM PDT by CaptSkip
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To: CaptSkip

There’s a guy I listen to (survivalpodcast.com) that was
at first talking in the 2-4 year timeline,
then was reading the tea leaves and said it was coming, like you said, in a couple of months,

but with this QE4ever, they’re going to keep the balls in the air longer (so they can accumulate more gold/silver),

and this will push the crash out a couple of years.

I need that time, I tell ya. Just getting the homestead set up now, lacking a couple of key big ticket items. I think I can do it in two years, though.


22 posted on 09/26/2012 1:48:38 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: CaptSkip

Here’s the podcast where he talks about it:
http://www.thesurvivalpodcast.com/982-freestyle-day

And here’s a video on “Why QE3 will ‘work’”:
http://www.thesurvivalpodcast.com/why-qe3-will-work


23 posted on 09/26/2012 1:52:19 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Soul of the South; sickoflibs; stephenjohnbanker; Travis McGee
...When that becomes known, the value of the dollar will plunge, interest rates will skyrocket, people will run to the bank to withdraw their deposits, and hyperinflation will ensue, destroying the US economy.

ASSuming that the crash is inevitable, the next question is 'how much can we learn from history of monetary failure and what will it look like at the personal level ???

IOW, will we all just wake up one day and our dollars be worthless, and need to empty the retirement accounts for a loaf of bread, or will we suddenly receive a raise that makes paying off the house in a lump sum, with hyperinflated dollars, before that happens a possibility ???

we're in uncharted waters, but we should be able to draw some kind of conclusions from the other failed models ???

24 posted on 09/26/2012 2:05:40 PM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Gilbo_3

The problem is, our current situation is not relatable to any given period in history.


25 posted on 09/26/2012 3:31:26 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Gilbo_3

Zimbabwe, Argentina, and the German Weimar Republic are recent examples of rapid currency collapse. Historically hard assets - gold, silver, diamonds and foreign currencies have been used by citizens of weak currency countries to preserve wealth during a currency meltdown. Swiss bank accounts have been favored not only for their privacy but also because the Swiss franc has historically been a very strong currency. Less so in recent years as the Swiss franc has maintained some linkage to the Euro.

Many wealthy Americans are diversifying assets by spreading them across multiple countries and buying precious metals. After WWII the US dollar replaced the British pound as the global reserve currency. It was a clear choice as the US economy was strong and the government after WWII managed its fiscal affairs conservatively. The dollar was also exchangeable to gold. Today the choice is less clear. The true value of the Chinese currency is difficult to assess because its value is manipulated by the Chinese government, it is not tied to gold, and the true strength (or not) of the Chinese economy is difficult to assess. Many currently strong currencies (Canadian dollar for example) have too little currency in circulation to serve as a reserve currency. With no clear ascendant rock solid currency, the best strategy is probably owning multiple smaller strong currencies, plus precious metals.


26 posted on 09/26/2012 4:01:58 PM PDT by Soul of the South
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To: MrB

Thanks much. Will give a listen. 2 years would truly be a blessing.


27 posted on 09/26/2012 6:25:37 PM PDT by CaptSkip
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