Sure Signs to Look For Impending Economic Collapse
Finally a decent analysis of what we can look for as preppers and survivalists, to determine when a national financial collapse is immediately pending.
We talk alot about "the end" coming...and what we are preparing for, and how we are preparing...but it seems the most controversial subject is "WHEN" will we need to use all our preparations.
interesting, but flawed analysis in my opinion. It assumes gold is a solid and stable currency. I think not and that we are seeing a gold speculation bubble and that that bubble will burst, thereby increasing the value of the dollar. Not the other way round. My advise is sell gold now and watch.
interesting, but flawed analysis in my opinion. It assumes gold is a solid and stable currency. I think not and that we are seeing a gold speculation bubble and that that bubble will burst, thereby increasing the value of the dollar. Not the other way round. My advise is sell gold now and watch.
I'm CERTAINLY glad you arent Managing My Money or accounts...
Do you work for the Federal Reserve ???
__________________
[I]You know you might be facing your doom,when all you get is a click when you're expecting a BOOM!:( [/I]
this was interesting but I do feel it is a bit overstated.
What really concerns me are two factors:
1. Our phenominal national debt that will now require about $200
billion per fiscal year in debt service much of which will go to
the government of China.
2. The growing imbalance of population and food production on
the world stage. I rather doubt the U.N. can keep up the
emergency buying of food in one market to distribute in
another region for that much longer. I see some real
political destabilization on the way in Africa and Asia.
I see some real
political destabilization on the way in Africa and Asia.
Arent they already unstable? LoL
But, economically, I seriously doubt our troubles are over, as the major media likes to tell us lately. It seems they SO badly want Obama to be given credit for something that they aren't ashamed that they pretty much just make up the news as they go along. A couple of weeks ago the story was "unemployment rose unexpectedly and thats a good sign the economy is recovering" I was floored. I actually wondered just how many of us are literally retarded and don't understand that we are being lied to continuously.
There are more bad times to come. I'll make that prediction. Will gold stay as high as it is now? Probably not, but the dollar will be worth NOTHING once the Obamaists have their way. Thats what they want by the way.... America's economic might to be stomped down so we have to play nice with the rest of the world. Make us equal. Make it fair. In true marxist fashion. Commercial real estate should take a major hit soon as well. But... Gold will always be worth SOMETHING. That can't be said for paper currency.
Gold and Silver are actually Undervalued today compared to the Dollar...
Gold and siver have been a tradeable currency for thousands of years , way before any paper money was printed. Paper is Backed only by FAITH now...Nothing else and so if you compare it against Gold , a dollar used to buy 1/32 of an ounce 100 years ago , now the dollar will only buy 1/1200 of an ounce...an Ounce of Gold hasnt changed , the VALUE of a paper dollar has decreased and as long as we are printing more and more , It will continue to drop in value and gold will cost more in Dollars.
Be Thankful that someone will give you something for that paper today , because tomorrow it may not be worth burning and I found out it isnt good toilet paper either !
You keep your Faith...I'll keep My Gold and Silver.
__________________
[I]You know you might be facing your doom,when all you get is a click when you're expecting a BOOM!:( [/I]
interesting, but flawed analysis in my opinion. It assumes gold is a solid and stable currency. I think not and that we are seeing a gold speculation bubble and that that bubble will burst, thereby increasing the value of the dollar. Not the other way round. My advise is sell gold now and watch.
The reason I haven't *invested* in Gold is because I've been paying attention to things in great detail over the past three years, and I think things are going to get really fubar in this country within the next decade.
Like, "you can't eat a gold brick" kind of fubar.
Think about it like this...in the event of economic collapse in this nation, the dollar becomes hyper-inflated to the point where it rivals the central bank of Zimbabwe. In all US markets that DON'T have a bunch of paying customers without large stockpiles of gold to trade, fuel gets diverted elsewhere...most likely, to a market that trades in Yen and Euro. Without fuel, you have no trucking.
Without trucking, you have no animals from the meat plants and you have no agriculture imports/exports. Local cattle will soon be slaughtered faster than they can be rebred, and then you'll move on to eating horses and then dogs.
Toilet paper, expensive whiskey, matches, and cheap tobacco will very quickly become more valuable than gold...
I really cant stand religous organizations spreading what I would refer to as propaganda to encourage people to go to church through fear all that "the end is near" nonsense. Same old song and dance, and has been for centuries with religon.
I have nothing against religon dont get me wrong, the people over at the watchman should really focus on religions positive aspect and not try to scare people into going to church to repent while they still can. You cant just spout quotes from only the Book of Revelation to educate followers, they miss 90% of the message if you do that.
As far as the people at the watchman being economists...... Come on.
I met a man recently who has been buying gold and a little silver for "the impending economic collapse" (his words actually). The problem was that was all he was buying, no extra food, weapons, ammo, toilet paper, nothing.
It's good to diversifiy your investments but putting every spare cent into precious metals without any thought to protecting it or yourself, let alone keeping yourself from starving is not a great idea.
If I had an excess of gold or silver I would sell the majority now while the price was high and use the money to buy additional items for survival. Expecially since survival items will cost their weight in gold after an emergency, if anyone is willing to trade for it in the first place.
yeah, like the pros who manage those accounts have done so well.
I predict gold will drop $200 by the end of the year.
do you WANT the Fed to fail?
I believe it will finish close to 1400 by or on December 31...
Regarding the Central Bank, it is failing by it's own hands... Man of the Year - Slope Of Hope with Tim Knight
^^^^^^^^^^^^^^^^^^^^^^
The Chairman speaks....
__________________
God bless and our Men and Women In Uniform. RIP Arkansas Hunter e
interesting, but flawed analysis in my opinion. It assumes gold is a solid and stable currency. I think not and that we are seeing a gold speculation bubble and that that bubble will burst, thereby increasing the value of the dollar. Not the other way round. My advise is sell gold now and watch.
As Mooseman said, I'm glad you are not my financial advisor.
Real, physical metal gold, NOT "paper" gold (as in stocks, ETFs, etc.) is money in the truest sense of the word. It has been since the beginning of financial history.
The price of gold is NEVER a bubble, because gold holds itself constant. That is why it is man's standard for monetary exchange. One ounce of gold has always purchased the same amount of certain goods, regardless of what paper price was placed on those good.
The dollar price of gold only reflects the value of paper dollars, not the value of gold. I have an extensive background in this area, and I can tell you with total certainty that gold will be around a LOT longer than US dollars.
As for the Article that was cited in this thread, it was written by someone who has knowledge in the financial arena, but I felt he did a poor job of putting it into terms that are usable for the American citizen. There are too many conflicting reports, statistics, government lies, media spins, and outright false information floating around, on a daily basis, to make a concrete decision based on it all.
There are, and will continue to be, major indicators of the approach of economic meltdown in this country. They began with the formation of the Federal Reserve Bank (a private, NOT government bank) in 1913. The first Great Depression is directly attibutable to the formation of this institution. Woodrow Wilson was a banksters' puppet masquerading as a President. Obama is the same.
Our current economic distress is on track to repeat the Great Depression. It is almost the same now as it was in 1931. Not exactly, but pretty close.
We, as a nation, survived the first Great Depression, and we will survive the second Great depression, as well. However, there will be a lot worse times over the next decade than what we have seen so far.
The Commercial Real Estate bubble burst in 2009, and is continuing. The Residential Real Estate bubble burst in 2007, and there is a Second major wave of mortgage resets, that will lead to a tremendous increase in mortgage defaults beginning the second half of 2010, and carrying on through the middle of 2012.
The Commercial Banks and the Investment Banks have been robbing the American Taxpayers blind, and our Congress is continuing to aid and abet their criminal activities. The Federal Reserve Bank is now purchasing 80% of all the Treasury Bonds being auctioned to generate "money" for the 2 TRILLION a year "budget." Foreign countries are not buying our debt, anymore. The U.S. government is bankrupt, and is only able to maintain by the use of force, financial and military. The govt. is losing on the financial force aspect of it.
The interest rates for banks are at 0%. The FED can not raise the rate without sinking the housing market. Too many banks are holding too many defaulted houses to allow that to happen. If the FED does NOT raise the interest rate, the dollar will collapse. They are between the rock and the hard place.
What we need to watch for is the creeping inflation. It is going on all the time. In 1912, one year before the FED was instituted, a one ounce US gold coin was worth $20. That same one ounce gold coin is now worth almost $1200. The gold didn't change. The banksters eroded the value of the dollar to one sixtieth of it's original value, so that govt. politicians could spend more dollars. The Federal Reserve Bank, and our Congress are directly responsible for making the US dollar lose 98.4% of it's value in 97 years. In other words, every "dollar" in your pocket is now worth 1.6 cents, compared to a US dollar before the institution of the Federal Reserve Bank. Ron Paul says the FED should be audited. I feel they should be extinguished, instead.
We also need to be aware of the ever increasing suspension of personal freedom, the increasing "big brother" intrusions, the suspension of your rights on every front, and the escalation of unwarranted warfare, and the increase in taxes of every kind. Banksters are the ones who profit from war, yet they get the Congress to wave the American Flag in front of the citizens to get taxpayer approval for continued expansion of the war machine.
If you are looking for signs of the demise of our economy, our financial structure, our American way of life, just open your eyes. They are all around us, now.
The only question is, how bad does it have to get before you decide it's bad?
As for buying precious metals, IF you have already done all your preps (food, water, guns, ammo, medical supplies, debt free, etc.), then YES, by all means buy all the gold and silver you can afford. If you have not yet taken care of all the basic preps, then forget about the precious metals. They are for preserving wealth, not life. Spend every dollar you can spare on securing the necessities of life for you and your family, NOW, while you can still buy things. Their availability will dwindle over time. Secure them while they are still available.
I repeat, how bad does it have to get before you decide it's bad?
__________________ Criminals cheer for infringement of the Second Amendment. AR10 MBR GLOCK CCW
As Mooseman said, I'm glad you are not my financial advisor.
Real, physical metal gold, NOT "paper" gold (as in stocks, ETFs, etc.) is money in the truest sense of the word. It has been since the beginning of financial history.
The price of gold is NEVER a bubble, because gold holds itself constant. That is why it is man's standard for monetary exchange. One ounce of gold has always purchased the same amount of certain goods, regardless of what paper price was placed on those good.
The dollar price of gold only reflects the value of paper dollars, not the value of gold. I have an extensive background in this area, and I can tell you with total certainty that gold will be around a LOT longer than US dollars.
As for the Article that was cited in this thread, it was written by someone who has knowledge in the financial arena, but I felt he did a poor job of putting it into terms that are usable for the American citizen. There are too many conflicting reports, statistics, government lies, media spins, and outright false information floating around, on a daily basis, to make a concrete decision based on it all.
There are, and will continue to be, major indicators of the approach of economic meltdown in this country. They began with the formation of the Federal Reserve Bank (a private, NOT government bank) in 1913. The first Great Depression is directly attibutable to the formation of this institution. Woodrow Wilson was a banksters' puppet masquerading as a President. Obama is the same.
Our current economic distress is on track to repeat the Great Depression. It is almost the same now as it was in 1931. Not exactly, but pretty close.
We, as a nation, survived the first Great Depression, and we will survive the second Great depression, as well. However, there will be a lot worse times over the next decade than what we have seen so far.
The Commercial Real Estate bubble burst in 2009, and is continuing. The Residential Real Estate bubble burst in 2007, and there is a Second major wave of mortgage resets, that will lead to a tremendous increase in mortgage defaults beginning the second half of 2010, and carrying on through the middle of 2012.
The Commercial Banks and the Investment Banks have been robbing the American Taxpayers blind, and our Congress is continuing to aid and abet their criminal activities. The Federal Reserve Bank is now purchasing 80% of all the Treasury Bonds being auctioned to generate "money" for the 2 TRILLION a year "budget." Foreign countries are not buying our debt, anymore. The U.S. government is bankrupt, and is only able to maintain by the use of force, financial and military. The govt. is losing on the financial force aspect of it.
The interest rates for banks are at 0%. The FED can not raise the rate without sinking the housing market. Too many banks are holding too many defaulted houses to allow that to happen. If the FED does NOT raise the interest rate, the dollar will collapse. They are between the rock and the hard place.
What we need to watch for is the creeping inflation. It is going on all the time. In 1912, one year before the FED was instituted, a one ounce US gold coin was worth $20. That same one ounce gold coin is now worth almost $1200. The gold didn't change. The banksters eroded the value of the dollar to one sixtieth of it's original value, so that govt. politicians could spend more dollars. The Federal Reserve Bank, and our Congress are directly responsible for making the US dollar lose 98.4% of it's value in 97 years. In other words, every "dollar" in your pocket is now worth 1.6 cents, compared to a US dollar before the institution of the Federal Reserve Bank. Ron Paul says the FED should be audited. I feel they should be extinguished, instead.
We also need to be aware of the ever increasing suspension of personal freedom, the increasing "big brother" intrusions, the suspension of your rights on every front, and the escalation of unwarranted warfare, and the increase in taxes of every kind. Banksters are the ones who profit from war, yet they get the Congress to wave the American Flag in front of the citizens to get taxpayer approval for continued expansion of the war machine.
If you are looking for signs of the demise of our economy, our financial structure, our American way of life, just open your eyes. They are all around us, now.
The only question is, how bad does it have to get before you decide it's bad?
As for buying precious metals, IF you have already done all your preps (food, water, guns, ammo, medical supplies, debt free, etc.), then YES, by all means buy all the gold and silver you can afford. If you have not yet taken care of all the basic preps, then forget about the precious metals. They are for preserving wealth, not life. Spend every dollar you can spare on securing the necessities of life for you and your family, NOW, while you can still buy things. Their availability will dwindle over time. Secure them while they are still available.
I repeat, how bad does it have to get before you decide it's bad?
+1 . . . Again. The Builderberger Group is another Dangerous entity to be aware of regarding the Fed, The U.N and The World bank.
__________________ If guns cause crime, all of mine are defective. -Ted Nugent
The reason I haven't *invested* in Gold is because I've been paying attention to things in great detail over the past three years, and I think things are going to get really fubar in this country within the next decade.
and our Men and Women In Uniform. RIP Arkansas Hunter e 
