Gold And Silver Best Protection Against The $100 Trillion Bailout

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

[DeaconBenjamin]

I’m suspecting I’ll have something he wants in trade.

[agere_contra]

This will be a 75% currency devaluation. It will not be the end of the world.

[blam]

"Real great study on canned foods. They last a lot longer than their exp dates. Especially if stored in a relatively cool and dry location. Same with long-term storage sealed food."

Up to 30 years in many cases and 100 years in some.

[The Duke]

Unfortunately it becomes more apparent every day that there is a distinct possibility that the sh@t will not be able to be kept off the proverbial fan. However, it is possible that the entire process may be slowed down to the point that, through preparation, a person may be able to weather the coming storm.

The degree of preparation I hope to achieve isn't so radical. In fact, it's what our grandparent's generation took for granted as a normal part of the cycle of life on this planet - basically putting back enough food to get through the winter along with a few other provisions to help deal with a prolonged loss of utilities.

[The Duke]

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

I'm a Christian myself, but history is full of non-Christian communities that were stable, so I'm not sure I agree with you on that.

And I'm sure such communities will be painfully aware of their limitations. In fact, if they ever come into existence every day will be a struggle against their limitations.

Security considerations will force them to expand.

I hope these things never happen, though. When I left the family farm it was with the intention of not becoming a farmer again. :(

[Toddsterpatriot]

This is in addition to last week's report in the UK Telegraph (covered in my column HERE) that a well connected banker estimated the next round of "Quantitative Easing" (or QE2 as they now call this round of bailouts) could reach $30 trillion, or about 50% of the world's GDP.

Ahh yes, the dreaded, unidentified banker with no back up. LOL!

Given that this money is, like all fiat currency, issued in the form of debt, how would that extra $30 trillion ever be paid back?

Given that this assclown has no clue......

When the Fed prints new money (or creates it on a computer), there is no new debt involved. Why would it have to be paid back?

[Secret Agent Man]

Stable is a relative term. In such a SHTF scenario ‘stable’ could be far from what we consider ‘stable’ now.

Further if they expand and their numbers increase, there will be huge problems for them concerning power and control of their group, factions and probably infighting for control. Without the Holy Spirit guiding these people they will be doing things for all the wrong reasons and not have that Godly guidance in the midst of the largest calamity anyone’s faced since the flood. They are not equipped to deal with it. Many Christians will not be either, mentally or supply-wise.

[catbertz]

This thread gives me an ulcer lol. Supply wise, I’m ready. I’m not ready to see my nestegg disappear however. It seems too late to buy gold; maybe silver, but how much?

[The Duke]

Further if they expand and their numbers increase, there will be huge problems for them concerning power and control of their group, factions and probably infighting for control.

A detailed community charter has already been drawn up and subjected to peer review and revised. All these issues (and more) are already anticipated and covered there. In fact, the charter even contains a detailed 'todo list' so that everyone goes right to work. Here's a link to where it may be downloaded, FWIW:

http://www.meetup.com/TampaReadiness/files/

[guitarplayer1953]

It will be the beginning of the end, eventually it will all be burnt up and started of from scratch.