Posted on 10/14/2010 9:55:49 AM PDT by bolobaby
The recent silver price action has me spooked. I've been telling friends and family that if silver breaks $24, that's a bad omen. I base this on the fact that the 30 year high was in the 23s and I expected silver to meet strong resistance just shy of $24.
In the earlier morning hours, silver nearly teased $25. It's fallen since then, but it *has* broken the $24 barrier with a fair amount of confidence.
So, given that, the prospect of QE2, the continued dollar drop, ridiculously low bond yields, etc, etc...
How close are we to economic collapse? Who wants to make a prediction?
I know all that stuff. But that's not what I asked. I aksed why YOU get so knotted up over it. Every single post of yours I've ever read blames TV for whatever the topic is. Some kid gets bit by a pit bull, It's TV's fault. Unsafe cars. TV's fault. Plagues and locusts and darkness and water turning into blood. TV's fault.
Is TV bad? Usually. Most stuff is not fit to watch. Some is however pretty good. Is TV at fault for all our troubles? No. We are at fault for our troubles.
TV gives the left/elites/Islam their power. 24x7 brainwashing since Cronkite and even earlier.
Tools don't give anyone power. We gave them the power when we refused to stand up and keep prayer in schools, when we let the cultural revolution of the sixties proceed, and when we let political correctness become the law of the land.
Don't blame TV. Look in a mirror. It's our fault and only we can fix it. Regardless of what the TV displays.
He is a good person, a rabbi and heart valve replacement survivor.
Wow! You've got 4 months on me. You must be really, really old. :^)
It was Admiral Yamamoto, not the Emperor.
You have clearly been corrupted by Islam via your TV set.
Is it that difficult to manufacture ammunition?
Greek police storm Acropolis protesters
Coming to America.
Clearly 2008 was economic terrorism imagine what they could do now after further conrols and destruction of the free market has taken place.
This time they will use terms like conversion of our system with the communists.
No suprise Medvedev has been speaking to one world currency and Gorbachev perestrauka for the world.
Who exactly do you see going door to door confiscating guns?
Is this going to be the next jobs program like people applying to be census workers?
Think about what you are saying.
Would you take a job where there was probably a 40% chance that you would be dead before you got your first paycheck?
Bullets and gunpowder? No.
Shell casings and primers? Yes.
A muzzle loading rifle would be relatively easy to keep ammo for you need saltpeter sulfur and charcoal etc for gunpowder and lead for bullets.
But a Glock 9mm is a different matter. You can stock reloading supplies and reuse your brass but primers become the problem. Though some claim to make their own primers and I am sure there are some that can, such is a much more involved process.
RATS! I thought the tinfoil hat was supposed to prevent that. Don’t tell me it only works on radio waves!! I knew I should have gone for the full out fit with the aluminized glasses.
Ah well. It must have been the will of allah.
(Just for the record mohammed (pig piss be upon him) was a child molester and allah is some desert moon god who doesn’t really exist other than as an excuse for backwards barbarians to kill people better than themselves)
Great set of links.
Still - while we may be in process of collapsing, it feels like a slow motion collapse. I don’t see commerce totally breaking down just yet...
Maybe the military would like to stand behind him... as they cattle drove him over a cliff!
I’m defining collapse as Weimar Republic type stuff. Complete economic breakdown. Widespread banking failures. The inability to transact.
“If you must buy something, buy water, canned food, fuel, paper products, copper, brass and lead.”
Don’t worry, I’m well-supplied. Just wondering when the hammer is going to fall...
What you write is partially true, but...
(Partially because silver has good industrial uses, too.)
You have to look at the silver price *globally*. Many foreigners hold dollar and US bond reserves. An increase in commodity values can be related to a decrease in dollar values. So while dollars may be useless here, what happens in Australia?
That’s why I tend to look at silver as a telltale sign. Have no worries: I’m not ignoring my other supply needs. I’m covered.
Your scenarios are probably the most likely. I was guessing that a major municipal and/or state default would set things off. But I’ve been looking closely at the mortgage situation as a potential impetus as well.
Oh - and there’s always the unintended consequences of QE2 that could “surprise” a lot of people.
they'll probably steal all our savings....but what can one do...there is little to do to stop them....
like I said yesterday, I bought 12 packages of bacon and some other stuff yesterday....got rice...got liquor....got salt....got matches...etc...you think you're prepared until something happens and then you're unprepared...
Especially if it delays the reloading of the EBT cards.
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