Posted on 10/05/2014 5:58:45 PM PDT by blam
WOW!
Harvey Organ, in December 2014 gold will go to $10,000 and ounce and silver to $200.00 and ounce overnight. Oil will be $130-140 a barrel in US dollars.
He's also says there WILL be a war.
Watch the video in post #29.
“To be honest, I would not have bought when it was $1900.00, or even $1250, but it’s getting close to the point that I might buy.”
I bought silver between $11-$13/oz for two reasons: gold transactions are kept track of so 1) the feds can make you pay tax when you sell and 2) the feds know what you have and will take it when they say owning gold is illegal. Antique coins are not monitored, for some reason, so have a high premium.
I bought 1 ounce gold Krugerrands in 1992...Krugerrands are LEGAL currency. (1992 = $382.00 ea.)
I have no date in mind, Yardstick - I am totally surprised, gobsmacked, that they have been able to pull it off this long. My guess about 9 months is based on QE, our off-the-books debt, and the rest of the world getting fed up with our constant money printing, and then refusing to finance our deficit spending.
Sooner or later, most probably sooner, they will pull the plug on the USA ponzu scheme, now that they recognize it.
How long do you think it will take?
I sm guessing that you are all “copasetic” with current manipulations, and think these will go on forever. If so, we just see reality differently, and history will be the judge.
Given the nonsense that has gone on, it very well could go on longer than 9 months, but the longer it goes on, the bigger the pile of shit that will hit the fan.
What part of over 200 trillion of “off-the-books” expenses in our debt don’t you understand?
I am one of them, depending on a check from the government every month for my food, rent in a senior facility, and medicare, all so my adult children do not have to be “bothered” with caring for me.
Believe me, that chicken is soon coming home to roost, and as another Freeper said on a different thread, we seniors will be “left behind”, because the PTB assume we aren’t physically able to riot like those in the ghettos.
Get ready to take in all your elderly relatives, for the day is coming when our government is going to collapse, and you will have to decide whether to take care of us, or abandon us. My guess is that many seniors will be abandoned, in order to try to save the children. So be it.
You simply cannot afford to support the bureaucracy to take your money, pay all the .gov employees, and then transfer the money from your declining paychecks to keep us all in senior living, then assisted care, etc.
Did I forget to mention that you must now maintain all the payments to the recent wave of illegal immigrants and all their entitlements? I am reminded of that cartoon with you pulling the wagon, on a bicycle, with people stacked to the clouds - all with their hands out for your paycheck.
The .gov is responsible for this mess, and that means all of us, who voted for all those who promised us these benefits, which we thought someone else would pay for.
Sure, and this old lady shits skittles! (Please excuse me, it is late, and I am in pain)
Exactly ... It seems to me that he made a strong case. Also, he has a reputation at stake with such claims.
That Waseca good move. And was probably before gold transactions were documented.
My solver is just for insurance, nothing more. IMO, PMs make horrible investments. Of course the stock market isn’t much better.
Gold is worth what Zero says it’s worth.. as an investment..
But worth far more after the ____ hits the fan..
The dump could happen tomorrow..
So let’s meet back on this thread in five years and we’ll see how good your predictions are. My strong suspicion is that you will be gobsmacked that the collapse still hasn’t come.
I don't know. That's less than 90 days away. That may be to soon.
I hope you are right, Yardstick.
If so, I will not have to worry, for my adult children’s income will be going up exponentially, and they will be able to afford my inflated grocery bills, so I will not starve.
Do you understand how present inflation of food, energy, etc. has hit us seniors, who now are embarrassed to ask our children for help?
It isn’t as if apples are less plentiful in the marketplace, it is just that our dollars are worth less. The cost of producing apples has gone up, so we pay more for an apple this year than we did last year.
Printing money hurts us all in different ways. I am guessing that you are young, and haven’t really figured out how much the dollar you have earned has depreciated in value over the years.
I can remember paying 5 cents for a candy bar that now costs well over a dollar, 25 cents for a package of cigarettes, and don’t even get me started on the price of a gallon of gasoline back then.
What will you be paying for a loaf of bread, a gallon of milk, or a cup of coffee at Starbucks in five years? Want to guess?
You have the temerity to challenge my predictions?
Let’s see your predictions about the price of bread, butter, medical care, utilities, etc, if the present printing press keeps on going?
There is something you just haven’t understood or processed yet, and I hope to be able to help you wrap your head around it, for the collapse is coming.
I do not know what form it will take, or how it will work out, but it will hurt most of us, more than we can even imagine, more than we can know. “They” should have let it all go years ago, but they didn’t, so now, whenever it happens, it will be way worse than if they had let it happen naturally.
But, I hope, for my sake, my adult children’s sake, and my grandchildren’s sake, that you are right. Would I place a bet on your world-view? No way.
It seems very soon to me as well, but Mr Organ seems quite sure why f himself. I certainly hope he’s wrong!
“Do you understand how present inflation of food, energy, etc. has hit us seniors...”
This is an issue that really bothers me (although I’m not a senior) and is one of the most unfair aspects of this administrations monetary policy. Printing money and falsely keeping interest rates low means that the money seniors have in ‘safe’ investments doesn’t grow, while each dollar of their pension savings purchases less. It’s a huge problem, and is an issue that the Republicans should use, but don’t (at least not effectively).
It is part of the larger plot to destroy the White middle class and transfer their wealth to minorities.
Agreed, and this is why I think the Republicans should be running on this. This, IMHO, is the best way to combat the usual pre-election ‘scare tactics’ talking points of the Democrats. They should be saying that Obama’s policies have in effect cut Social Security. They should link this to the quotes by architect of Obamacare Ezekial Emanuel that an age of 75 is long enough to live. That juxtaposition is extremely telling and extremely disturbing.
You mean back when gas was twenty cents a gallon and a new corvette was five grand? Yeah,I remember.
I actually believe that unions were a good idea but it got out of hand many years ago. I am particularly unhappy with govt unions.
Garbage man working for cities such as Detroit, and really all over, probably with overtime and benefits make around 100 grand a year. They will tell you this is untrue, in part because they dont understand the cost of their benefits to us, they dont see it in cash, but their wages aside from the benefits are way out of line.
But unions in non govt have become just as bad ,think of a man that gambles everything on a business idea, mortgages his home, borrows on top of that. Year after year very slowly starting to see some positive results.
Just when he thinks he can take a breath of relief, the workers threaten to shut him down, if they dont get a piece of the pie
My father was a partner in a business, my dad worked hard at keeping the guys happy, they voted down the union every time it came up while my dad was there.
I think there is a happy medium somewhere, I think in govt, if people want a pension above and beyond Social Security, the employee should pay 100 % of it, and it should have nothing to do with the govt at all.
Many people show up at a private company to work to find the doors locked and the notice that the company has gone bankrupt. These folks do not get any severance packages they are penniless.
If a govt such as Detroit goes bankrupt, the employees should be in the same boat as the private workers I mentioned, meaning walking away with nothing.
But NO I am not against a minimum wage. While I agree 15 bucks is to high, 5 bucks is to low, so I am for some kind of minimum wage, but if it`s to high, why bother going to college right.
You probably wont like my answer but there it is.
I would like to see us start with Govt unions, start by trying to scrap all benefits above and beyond Social Security.
If the unions want something above and beyond that, it will have to be 100% out of the employees pocket, and not connected with the govt at all
I believe that this is the main culprit with all the cities threatening bankruptcy .
Also the wage for govt workers is to high, and they should not be allowed to hold the country hostage with a strike. I would think govt jobs should start at minimum wage, whatever that is.
I would not like to see people working for 3 and 5 bucks an hour, maybe students and baby sitters
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