Posted on 04/18/2013 12:58:20 AM PDT by 2ndDivisionVet
argentina here we come :-(
These are the fundamental realities that drove gold up to record highs and they haven’t changed.
SHTF/WROL in the streets and Obama’s ignorant voting base will probably be hit the hardest.
Scary stuff.
Thanks for all your good work, 2ndDivisionVet!
What is WROL?
I know that the SHTF. LOL
Thanks.
Apparently, it is an acronym used by Law enforcement to describe “Without Rule Of Law” or in other words, total breakdown of society, riots in the streets, chaos, etc.
I probably won’t live to see the end of the year, yet I fear more for my country then myself.
Our politicians have failed us in every possible way.
“Apparently, it is an acronym used by Law enforcement to describe Without Rule Of Law or in other words, total breakdown of society, riots in the streets, chaos, etc.”
In other words, Detroit.
Thanks.
At least our side should be better prepared and able to cope and survive.
“massive new tax hikes”?
on what?
does he think people will impoverish themselves to send money to Washington DC when they can’t pay to eat or heat their homes or buy a tank of gas or see a doctor??
Obama voters will starve.
The feds cannot allow interest rates to rise. The USG is the biggest debtor.
The FRB and the USG set rates and print money supply. As long as there is paper and ink they are good to go along this path.
Inflation, what inflation?
BUT they will still have their Obama phones. Let them eat each other !
This was posted near an article that said, “Don’t buy gold.” If interest rates are going up and the dollar crashes...aside from food and ammo, what else comes through with any value? Hard assets. Stuff you can hold in your hand. Land. Gold. Silver.
Who is right? I guess we will have to wait to see.
” If interest rates are going up and the dollar crashes...aside from food and ammo, what else comes through with any value? Hard assets. Stuff you can hold in your hand. Land. Gold. Silver.”
NO, NO, NO!!
If rates soar you end up with DEFLATION. And then your hard assets will crash along with everything else if this scenario comes to pass. On Peter’s last article I said the only valuable assets in a WROL scenario is weaponry, water and safe food. Gold will be pretty worthless, you can’t drink it or eat it. And try carrying it around! You’ll lose it to the gun owner pretty quickly.
BTW - this whole scenario is stupid. Who the hell would want to survive if all hell breaks loose? I’d rather move to somewhere like Japan if all this happens. At least their people believe in orderly living and not expecting the government to take care of everything.
Japan the folks who just did their own quantitative easing by printing 1.4 trillion dollars?
If this truly happens it will effect far more then just they US. It will cascade through the world.
Do not let your heart be troubled FRiend.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.