Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The End Of Plan A: The Big Reset & $8000 Gold
Zero Hedge ^ | 2-1-2016 | Tyler Durden

Posted on 02/01/2016 3:14:38 PM PST by blam

Tyler Durden
February 1, 2016

Willem Middlekoop, author of The Big Reset – The War On Gold And The Financial Endgame, believes the current international monetary system has entered its last term and is up for a reset. Having predicted the collapse of the real estate market in 2006, (while Ben Bernanke didn't), Middlekoop asks (rhetorically) -can the global credit expansion 'experiment' from 2002 – 2008, which Bernanke completely underestimated, be compared to the global QE 'experiment' from 2008 – present? - the answer is worrisome. In the following must-see interview with Grant Williams, he shares his thoughts on the future of the global monetary system and why the revaluation of Gold is inevitable...

(snip)

And now today, Middelkoop has some even more ominous concerns about the end of Plan A and where Plan B begins...

"By revaluing gold to a much higher level, to over $8000 an ounce, central bankers solve quite a lot of problems"

17:00 - "But we know Plan A - the current financial system - will end soon, we can't go on this way... so we need a monetary reset... and a revaluation of gold has helped central bankers in the past, such as Roosevelt in the 1930s. It would help to restore the balance sheet of The Federal Reserve."

But there are problems...

21:00 - "It always ends in inflation.. certainly in 2016, we can expect more QE... and when that does not defeat deflation (driven by global over-indebtedness), further unorthodox measures will be taken (helicopter money).. and eventually a gold revaluation."

(snip)

(Excerpt) Read more at zerohedge.com ...


TOPICS: News/Current Events
KEYWORDS: economy; finance; gold; investing; tinfoiledagain; tylerdurden; tylerdurdenmyass; zerohedge
Navigation: use the links below to view more comments.
first previous 1-2021-4041-57 next last
To: VerySadAmerican

I just did. Bought 20oz of silver and 20oz of copper.


21 posted on 02/01/2016 4:01:08 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: ozzymandus
I suspect not many people are going to be buying nice suits (or Colt Single Action revolvers, the other yardstick) if gold actually goes to &8000.

It's sad, prices are skyrocketing making it tough to buy stuff, and we have a jerk president who says the economy is booming and there is no inflation. Food costs are jumping like crazy, people can barely afford housing, and taxes are going up. You're right, people aren't able to buy nice things, and it's getting worse. Over four decades ago I was buying 24 cent burgers, 17 cent french fries, and 19 cent milk shakes. And it was affordable on minimum wages. We're approaching $10 burgers. If gold goes to $8000, then what will a burger cost you? Nothing, because you won't be able to afford it.

22 posted on 02/01/2016 4:01:43 PM PST by roadcat
[ Post Reply | Private Reply | To 13 | View Replies]

To: MeganC
My concern is that if the dollar flops then the government will try to round up all the gold and silver from people who’ve been buying it as a hedge.

It might try that, but most of the people are a great deal less trusting of the government and its intentions than in the 30s.

More likely would be that the feds would make any kind of transactions with gold/silver to be illegal in an attempt to make PMs worthless in a practical sense. Which I don't think would fly.

I suspect that if things got that critical, we would see armed confrontations between citizens and whomever the feds used to enforce their edicts.

23 posted on 02/01/2016 4:03:40 PM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
[ Post Reply | Private Reply | To 15 | View Replies]

To: ChildOfThe60s

In the event of the latter then blue helmets make for fine targets.


24 posted on 02/01/2016 4:05:20 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MeganC

Silver Eagles? I got some of them and 400 quarters.


25 posted on 02/01/2016 4:05:21 PM PST by VerySadAmerican
[ Post Reply | Private Reply | To 21 | View Replies]

To: MeganC

JM Bullion has a $100 minimum and free shipping.

Got some Morgan silver rounds this morning for spot + 85 cents.


26 posted on 02/01/2016 4:05:46 PM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
[ Post Reply | Private Reply | To 21 | View Replies]

To: MeganC

It would automatically be open season on blue helmets if those clowns ever set foot in this country carrying arms.


27 posted on 02/01/2016 4:07:45 PM PST by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
[ Post Reply | Private Reply | To 24 | View Replies]

To: VerySadAmerican

Yep. I bought the 2015 Eagles because they were just a bit cheaper than the 2016 ones. Also ordered the copper Morgan dollars if only because they look good and they make really awesome tips when we go out.

We always get a happy waiter when we leave one of those as a tip!


28 posted on 02/01/2016 4:07:47 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: bkopto

If ZeroHedge says it, it must be true. ;-)


29 posted on 02/01/2016 4:27:06 PM PST by glorgau
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

As part of the reset, the dollar will be replaced with a new currency.

Let’s call it a blue dollar.

Then you will be required to trade in your old green dollars for new blue dollars, probably at a ten to one ratio.

All prices reset, and debt is wiped out.


30 posted on 02/01/2016 4:29:45 PM PST by exit82 ("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MeganC

Gold was never “rounded up” by the gov’t. It was made illegal to own for a period of time. A whole lot of people “forgot” to turn theirs over.


31 posted on 02/01/2016 4:47:03 PM PST by Fireone (The future must belong to those who tell the truth about Islam.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: blam

This site is a ridiculous gold pimp. Gold will never be $8000. How absurd. They’ve been saying this crap since the Dow was 10,000 pts lower. Idiots.


32 posted on 02/01/2016 4:48:59 PM PST by montag813
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fireone

Sorta like all those automatic weapons that were banned in 1934 but that were never turned in.


33 posted on 02/01/2016 4:52:36 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: blam

Of course other precious metals would follow suit.
EVERYTHING would follow suit.

Amazing how many people don’t realize that money represents relative wealth. A good suit or handgun always is worth about 1 oz of gold; all three will be (roughly) what we currently call $1000. Three gallons of gas will always be about 1 hour of mundane (minimum wage) labor; both will be somewhere around what is currently $8. Sure, the exact numbers & ratios may vary, but they’ll stay roughly the same. Increase minimum wage by fiat, and after an adjustment period you’ll find four loaves of bread cost about the same as sweeping floors for an hour. Declare an ounce of gold is $8000, and the price of a good suit or semi-custom handgun will jump to about $8000. There will be a brief period of chaos (during which some people will become extremely rich, while others lose everything), but it will all equalize out.

Declare the dollar to be worth whatever you like; prices will adjust to reflect it. Hyperinflation, and subsequent monetary collapse, happens when there simply isn’t enough value in society to pay off the debts - no matter how you redefine the fiat currency’s value.


34 posted on 02/01/2016 4:56:42 PM PST by ctdonath2 (History does not long entrust the care of freedom to the week or the timid. - Ike)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Don’t worry about gold. World banks are rushing to a cashless society as fast as they can. In a cashless age, gold is with nothing.


35 posted on 02/01/2016 5:03:06 PM PST by lucky american (Progressives are attacking our rights and y'all will sit there and take it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam; jiggyboy; PA Engineer; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug ping.


36 posted on 02/01/2016 5:04:02 PM PST by Jet Jaguar
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2001convSVT

Well.....gold is about $1,150, so 8,000/1150 = 6.95, call it 7. A Big Mac is $4.00 ( not sure..I don’t go there anymore ).... Then 7 x 4 gives us a $28 Big Mac.


37 posted on 02/01/2016 5:15:03 PM PST by wny
[ Post Reply | Private Reply | To 16 | View Replies]

To: SaveFerris

Holy Moly.


38 posted on 02/01/2016 5:47:52 PM PST by blam (Jeff Sessions For President)
[ Post Reply | Private Reply | To 14 | View Replies]

To: glorgau
"If ZeroHedge says it, it must be true. ;-)"

Zero Hedge didn't say anything. Willem Middlekoop says all that is said in this article.

39 posted on 02/01/2016 5:53:31 PM PST by blam (Jeff Sessions For President)
[ Post Reply | Private Reply | To 29 | View Replies]

To: blam

“Lay not up for yourselves treasures on earth....” Either they will leave you or you will leave them.


40 posted on 02/01/2016 5:55:38 PM PST by beethovenfan (Islam is a cancer on civilization.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-57 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson