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Handicapping The Collapse
TMO ^ | 3-9-2012 | Jim Willie CB

Posted on 03/09/2012 8:08:02 PM PST by blam

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1 posted on 03/09/2012 8:08:04 PM PST by blam
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To: blam

2 posted on 03/09/2012 8:09:11 PM PST by blam
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To: blam
Here's a BIG problem though: there may not be enough physical gold for modern financial transactions.

What I really think will happen is that we will see the world's major currencies go back on a physical asset standard down the road, but this time it will be a mix of gold, silver, platinum and palladium, and maybe even copper and nickel.

3 posted on 03/09/2012 8:21:38 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88

It will happen suddenly, as the collapse of the USSR did. CNN had just aired a glowing fiction about Soviet prosperity when the bottom fell out. The msm will be the least prepared of all, because they are so incredibly gullible.


4 posted on 03/09/2012 8:25:22 PM PST by txrefugee
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To: txrefugee
Greece Has Defaulted - Which Country In Europe Is Next?
5 posted on 03/09/2012 8:46:49 PM PST by blam
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To: blam

But, but, but CNN and the AP say jobs are being created and the economy is booming thanks to Obama. Those organizations wouldn’t lie would they?


6 posted on 03/09/2012 8:50:40 PM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: RayChuang88; blam

>> “and maybe even copper and nickel” <<

.
Chromium.

You cannot fight any kind of war without chromium, and tungsten.

And war is guaranteed to be the world’s future until Daniel’s 70th week gives us a 7 year pause, and then the big one.


7 posted on 03/09/2012 8:51:00 PM PST by editor-surveyor (No Federal Sales Tax - No Way!)
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To: txrefugee

I think the world has been quietly preparing for that change anyway. But it will be a multi-metal standard for asset-based currency because of my concerns of just not enough physical gold even with many gold mines operating around the world.


8 posted on 03/09/2012 8:54:44 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: editor-surveyor

But chromium and tungsten have never been used on a large scale for physical coins that copper and nickel have. That’s why I think when we go back to asset-backed currencies it will be based on four precious metals (gold, silver, platinum and palladium) and two industrial metals (copper and nickel).


9 posted on 03/09/2012 8:57:37 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: blam

Your posts always cheer me up.


10 posted on 03/09/2012 8:58:00 PM PST by sauropod (You can elect your very own tyranny - Marc Levin)
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To: blam

Bookmark and bttt


11 posted on 03/09/2012 9:21:35 PM PST by JDoutrider
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To: txrefugee
It will happen suddenly, as the collapse of the USSR did.

Yes it will happen as that...though we are already seeing the leakage pretty much everywhere...just some places rougher than others.

The disgust I have for our nations leaders keeping people in the dark on how serious things are is dispicable!

12 posted on 03/09/2012 9:46:27 PM PST by caww
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To: caww

If the present spending continues I don’t see how we can avoid a collapse like that of Argentina ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index )but on a global scale.

But the market is up you say, yeah it’s up using billions in ‘printed’ money in the hands of corrupted bankers, investors and their cronies. The world is now flooded with fake and faux money. The game is so rigged and now even the ‘house’ is starting to lose.

When the whole thing tanks as it will what do you think the entiled class will do when they can’t get their cell phones, their food stamps and EBT cards, rent vouchers and so forth.

What we will see is a much more violent version of Argentina, (checkout what is going on in Greece).

American has an even a larger entitlement minded population and much more violent and armed onen than Argentina or Greece.

I see many many small business wiped out by flash mob looting, and see rape, robbery and murder for murder sake. Many of these ‘yutes’ will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.

Think of this quote which is one of my favorites:

“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.

On top of all who knows how many saboteurs (Islamic, Chinese etc) and sleepers have crossed our borders and are now just waiting to cause havoc.

For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:

http://tomeaker.com/kart/Preparedness1j.pdf

NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!

For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3

Lastly this for the doubters and the scoffers.

“There is no greater disaster than to underestimate danger.

Underestimation can be fatal.”


13 posted on 03/09/2012 10:09:12 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: RayChuang88

Much to consider in this article. Thanks for posting.


14 posted on 03/09/2012 10:47:00 PM PST by Ciexyz
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To: Kartographer

I’m uncertain how it will pan out in the USA.....I believe the people know how to sustain this nation if it meant we would not be a part of the global community. The problem, as you say are those who are accustomed to handouts generational at that. These will become violent.....so even if people stock up they’ll think nothing of robbing your home. So I see the cities will be in a mess no mater how much you put aside....and then they’ll be coming to the rural areas after that...

Todays news stated a robbery of expensive watches from a Jewelry store near Phila. Took them 45 SECONDS!!! From the time they entered til they exited the store...armed only with a hammer..and a bag to make the heist with.

Retail stores instruct the employees to let thiefs take the merchandise...and guess what...the crooks well know that....so we’re seeing more thefts simply because companies are teaching their employees to not resist....thus the criminals have nothing to fear.


15 posted on 03/09/2012 10:59:56 PM PST by caww
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To: editor-surveyor

Editor...what metals are used in technology? I remember reading something about metals being used which are necessary to these functioning, though minute amounts they are critcal.


16 posted on 03/09/2012 11:03:55 PM PST by caww
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To: blam

Terrifying article.


17 posted on 03/09/2012 11:25:58 PM PST by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: caww
The disgust I have for our nations leaders keeping people in the dark on how serious things are is dispicable!

The politicians know that if The People knew the truth they (the pols) would be tarred, feathered and run out on a rail. They will do ANYTHING to retain their power.

18 posted on 03/10/2012 2:00:39 AM PST by Semper Vigilantis (Want to stop illegals and lower unemployment? Shut off the welfare faucet.)
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To: blam

It doesn’t bother me of someone calls me a kook. But with that being said it’s reports like this one and there are a lot more of these coming down the pike, mind you. I get more than an inkling why the Republican alias the GOP-E are desperate for Romney to become the candidate. He won’t win and that takes the onus of the collapse off of them.

You see they won’t be in power when it happens and it will all be the other guys fault. And they think that they will be the white knights coming in afterwards to fix it all.

What they don’t see is that the other guy is the one in POWER and still will control a lot of assets. And let me tell you one of the biggest if not THE biggest ways to control your Armed forces is to feed and cloth and PROTECT their members families. Do that and it becomes THEM against US and at that point it’s all over.

The rest I leave up to your fertile imaginations.


19 posted on 03/10/2012 3:16:05 AM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: blam
After getting caught in the last two "corrections", I decided yesterday to move all my investments (TSP/IRSa, etc.) into "save the principle" venues, at least for the rest of the year and until after the elections. It won't earn much and will continue the devaluation spiral, but at least it won't tumble in units of value along with it.

Gold might be good on the mega-scale between countries if it all hits the fan, but I doubt the peasants will get much comfort from it.

20 posted on 03/10/2012 3:38:19 AM PST by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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