Posted on 01/09/2015 11:17:46 AM PST by blam
January 09, 2015
Dr Jeff Lewis
A subscriber sent me the following note recently:
You know I was driving home tonight and was observing all the cars building etc. I thought maybe I am nuts this can't all stop. Then I also said to myself this is an illusion that massive un-payable debt has created. I hope for all of our sakes the former wins because the latter would be unbearable. Do you honestly believe a collapse war and poverty is truly going to happen? What's the difference even if you have a ton of silver people just would take it. No law cops etc. everything would be vaporized!
I think it's actually happening now. In addition to inflation and unprecedented money printing. The G20 recently re-defined bank deposits as "investments".
Congress has new legislation to allow pension funds to stop payments. They just passed a law that puts tax payers on the hook for derivative losses.
We've got world wide money printing and conflict just about everywhere - with more on the horizon. Most people will be dumfounded in a collapse -- as they are now.
Most are not prepared. It is depressing. And food and water could end up being worth more than silver for a while. The only hope is to store it, hide it, and try to prepare to make it through the disaster.
It's interesting. There is a lot of money sitting out there in bank accounts and retirement funds - much easier to take away. Yet it is impossible for people to believe. .
While many of us have no problem envisioning them coming for our tiny little stashes of silver, it is hard to believe that this tiny little under priced, battered and abused paper silver market is important
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Obviously it is time to buy gold before it soars to $3000
No, the time to buy was 15 years ago. ;)
We’re all gonna die!!!
(Can I have your stuff?)
I left off the /s ...
Inflation? Deflation? Recession-proof? I have no idea. Those who know are good at getting rich, and I am not.
I want to live a good, faithful life, be a good husband and father, and if I don’t prepare for the exact emergency that eventually comes our way, I will ask the Good Lord to have Mercy on my family and me. I will not question what form that Mercy might take.
I do know that if I spend my life trying to be Batman-level prepared, I will be a worse husband and father until the big emergency. Others made of different stuff may not be in the same situation.
Very well put. Post of the month!
Whatever the fate of gold and silver prices (and I have been buying in small quantities over many years now) I can see a future where the barter system re-emerges. I know it is already happening on a small scale around here. If the power grid was down for months due to an attack I suspect barter would be the preferred exchange method. In that situation gold and silver might be very useful (along with food, water, ammo, etc...)
Concur
M4L
Eh, would’ve been far better off buying XOM & KO.
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