Posted on 10/05/2014 5:58:45 PM PDT by blam
October 5, 2014
Joe Weisenthal
There goes gold.
As markets whirr back to life to start the week, gold is falling again.
(snip)
(Excerpt) Read more at businessinsider.com ...
Yes. I had an employee arrested by the FBI for selling gold stolen from the gold evaporation machine she ran in the chip making plant. It was also against the law to own 'bulk' gold if I remember correctly.
The pawn shop where she tried to sell it turned her in.
Maybe someone can explain to me why people pay so much attention to the paper price (of gold) being traded by computers, programmed by whoever?
How can anyone have faith in our constantly devalued currency, desperately being propped up by the Plunge Protection Team, or from the constantly twisted & massaged numbers on inflation, employment, and productivity?
As a senior living only on Social Security, I resent the EBT cardholders getting a 4% increase in payments, while we seniors get zilch. We did pay in, and those of us who were self employed paid double that of those getting a paycheck.
Doesn’t anyone see that we are living in a giant bank/FedReserve ponzi scheme ruining the shreds of our once vibrant economy?
How long will our fiat currency last? What will happen when China, and all those other countries stop buying our electronic $? What will happen when they stop buying our paper?
If news reports are correct, they are buying all the gold and silver they can get their hands on, while we clueless frogs, slowly being boiled, fail to notice that most of the world is in an economic mess that hasn’t been seen since early last century. We are lulled by the ever increasing value of the Dow/Jones, failing to realize that it is just the latest tulip mania bubble, dressed up by “Wizard of Oz” cable channel (but corporate approved) news readers.
Most of our production here is the USA is gone to “over there”, and we are now pretending our economy is flourishing because of McDonald’s and Walmart greeters, and taking in each other’s laundry.
Our grandchildren are working at minimum wage jobs, with college debts that they may not ever be able to pay off. They can’t afford to buy houses, appliances, or start families - no wonder, all they can do is line up to buy iPhones and Pads.
And, don’t get me started on health care costs!
I think it is just a matter of time until the increasing complexity of trying to keep our civilization afloat reaches a breaking point, and I share the mood of those elderly relatives you all have mentioned - I weep for my grandchildren, who do not have any skills, knowledge, or mindset - to grow, hunt, can, sew, knit, make soap, knit, repair, carpentry, and so forth and so on.
My only wonder is which sector will devolve the faster - the urban areas or the suburban McMansions. My prediction is that the former will be shooting their neighbors, and the latter their families.
Disgusting that so few can see the oncoming storm of societal collapse, and boy, do I hope I am totally wrong. Please, someone, paint me a believable picture of a way put of this mess.
Having a bad time tonight - the latest disgusting news about how our government is failing at every level only deepens the gloom. I am afraid we only have another 9 months before the SRHTF, and I don’t like the feeling.
But when it was going up $50 a day a few years ago, the was hardly a TV commercial about gold on the air.
Kind of tells you something, doesn’t it?
If the Gold Hawkers REALLY thought Gold was going to be huge, they would’ve just quietly bought it and cornered the market.
And I keep hearing the idiotic commercial on radio proclaiming some gold guru is saying the price of gold will go above $2000 an ounce by the end of the year...just wondering when this will finally get pulled. Some shit REALLY better hit the fan for that prediction to come true...along with the silver over $50 an ounce prediction.
That would make sense.
Thanks, Blam.
There are none so blind as those who believe that the fiat dollar will reign forever.
My personal grief is so very deep. My adult children are mesmerized by all of our “just-in-time” systems, and have no idea that they will be suffering the whirlwind, when it collapses the coming storm.
It seems to me that most younger freepers do not really understand history or economic theories. Not that I understand it all, but common sense told me a long time ago that you can’t rob Peter (the productive class) to pay Paul (the unproductive) for long. Margaret Thatcher said it best.
What I have learned in the past few decades how powerful forces can keep even bright and intelligent people fooled, for much longer than I thought possible.
I am now in the “elderly” category, and have an increasing appreciation to Neil and Howe’s “Fourth Turning”. All of our cherished institutions are failing, as all have been infiltrated and taken over by “utopians” who believe in the tooth fairy, and are willing to kill those who do not share their view of how life on earth “should” be lived.
How do these “progressive theories” differ from Islamic ideology?
It is something I think about from time to time. Like Islam, they would not mind killing those who do not share their concept of how they want the world to work, how they want “their reality” to prevail. All that matters is that their world view prevails over whoever they define as the infidel.
I prefer copper jacketed lead.
The nearer the collapse, the more common and radical fluctuations might be.
Mutt, you must know that the “very rich and smart” are quietly doing just that, and manipulating paper prices to keep up the charade as long as they can find gullible marks.
What is going on is just a “Punch and Judy” show, designed to keep us great unwashed entertained, while they make off with the stuff that has real value - as our pretty pieces of paper eventually become worth less and less, in terms of buying power.
I am just a “pensioner” with nothing beyond immediate living expenses, but love studying history and economics - my intuitive guess is that we are living in an equivalent of the “roaring 20s”, and most just can’t grasp that the party will not go on, mostly because they do not want to face the “hangover”.
I only wish I were young, and could take advantage of the opportunities at hand, but it is interesting to watch everyone get seduced by the media, and the powers that be, pulling that time old shell game, laughing as it works again as it has throughout history, parting the fool from the value of his hard earned labor.
Jacquej .. you have expressed yourself so eloquently on this thread that I would be delighted to offer you a complimentary copy of my book “When There is No FEMA”. It provides the type of detailed survival knowledge that you described, so you might find it good to have and/or share with other family members. Just send me a private message if interested, and thank you for taking the time to say that which needs to be said.
The only people selling physical metal are the fools.
Paper investment in precious metals is a bad joke. No paper investment can withstand a real crisis.
The only pressure on gold is due to the false strength of the dollar caused by the tumbling value of Europe.
Don’t react to it unless you are holding paper, in which case you lost a long time ago.
platinum is a steal at $1300.
just my opinion
>> “How do these “progressive theories” differ from Islamic ideology?” <<
.
Europe is in the process of receiving the answer to that question right now.
And when 9 months comes and the shit hasn’t hit the fan, what then? Do you reconsider your doom and gloomism, or do you just push back the date of inevitable collapse?
Stericycle....the No1 in HAZMAT and medical clean up and disposals.
Goldbug ping.
The chineese have opened their own exchange....
http://www.resourceinvestor.com/2014/10/02/as-the-gold-community-sleeps-a-giant-awakens
oh well
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