Gold And Silver Best Protection Against The $100 Trillion Bailout

The Market Oracle ^ | 10-15--2010 | DeepCaster LLC

[blam]

Krugman: We Need Up To $10 Trillion In QE

[ClearCase_guy]

If we give $333,000 to every man, woman and child in the country, we will all be rich.

There are 10-year-olds who this is a wicked cool idea.

Oh, and some Novel laureates think it's a good idea too.

[Centurion2000]

This is insane. Not only will they hit you on the back end tax (inflation) expect MASSIVE taxes on capital gains as well.

Aka ... "That silver you bought at $19 and now it's worth $250? .... 36% capital gains taxes (minimum)"

[guitarplayer1953]

the bible says when TSHTF your gold and silver will be worthless. You can not eat it.

[screaminsunshine]

The collapse of the ponzi may not be as bad as everyone thinks. It is just a scam and we will adjust much better than they will.

[Neidermeyer]

BS ,, I’ll move to my backup country and I will have no problem converting precious metals into any currency I desire.

[GOPJ]

That comes to $925 billion, or dangerously close to all personal income taxes, which are $1.061 trillion. Got it folks? All personal income taxes, or if you prefer all FICA and Medicare taxes, will go only to pay interest. Once you can't pay the interest on a debt, much less any principal, it's game over. The markets will eventually force the hands of the politicians and raise the interest rates, it's only a matter of time. But the Federal Reserve will use the money printing press for all it's worth…

When 'you do the numbers' it's flat out scary.

[guitarplayer1953]

BS not when there is 1/3 of mankind dying from famin your money will not do you any good.

[RobRoy]

>>”That silver you bought at $19 and now it’s worth $250? .... 36% capital gains taxes (minimum)” <<

Not a problem. You just spend it or sell it in small quantities to coin shops. I expect to pay no tax on my junk silver. If they ever try to tax it, I have a feeling we will have gone around the bend on this whole thing and that will be the least of my problems.

[seowulf]

If TSHTF then if you own anything at all your life will be worthless I don’t care how many guns you have.

You can only shoot one, maybe two, guns at a time and somebody’s gonna get you and your stuff.

[arkady_renko]

x

[Nuc 1.1]

What better message could be sent?

Heads on pikes come to mind.

[The Duke]

If TSHTF then if you own anything at all your life will be worthless I don’t care how many guns you have.

This is why preppers across the country are forming into disaster communities.

[sfimom]

So we should impoverish ourselves now so as to not have anything worth stealing, then die of thirst/hunger/exposure because we do not have those things?

God helps those that help themselves. You are the grasshopper.........I am the ant.

[guitarplayer1953]

That is right the only ting that may save you is to get into a permacaulture setting where you can defend yourselves and grow and process everything you need.

[seowulf]

I suppose it never hurts to prep a little, but there will always be a bigger “community” that want’s your stuff if it really turns to anarchy.

The first and best option should always be to keep the sh!t off the fan at all costs.

[seowulf]

You are the grasshopper.........I am the ant.

I'm not picky. I'll eat either one.

My philosophy has always been that it's better to look poor and be rich than look rich and be poor. Even so, all the preparation or wealth in the world won't save you at the end of the world, so you'd better be ready for the next one.

[Secret Agent Man]

Can’t eat it and can’t protect yourself with it.

Of course in a SHTF scenario it may not be a world most people wish to continue living in. Or will be able to, for that matter. Scripture also speaks of a time where the living envy the dead.

[Secret Agent Man]

It’s a positive step I suppose.

Hopefully they remain realistic and realize even in these arrangements, there are limits as to their levels of protection and defensive and offensive capabilities are.

And if they are not Christian at their foundation, I don’t care how many there are, they aren’t going to make it.