When that process is complete a lot of Americans will find themselves pushing wheelbarrows of these:
Posted on 07/06/2014 8:14:24 PM PDT by blam
Tyler Durden
07/06/2014
Submitted by Adam Taggart via Peak Prosperity,
This week's podcast sees the return of Mike Maloney, monetary historian and founder of precious metals broker GoldSilver.com.
Based on historical patterns and the alarming state of our current monetary system, Mike believes the fiat US dollar is in its last years as a viable currency. He sees its replacement as inevitable in the near term -- as in by or before the end of the decade:
All of this is converging with the crazy experiments the Federal Reserve has done.
I absolutely believe that there are economic consequences to this that are inescapable. The Fed is not just in a box; a trap has been set. And before the end of this decade, if there is still a US Dollar around it will not be this US Dollar. It will be a dollar that is tied to a very different monetary system.
The last three shifts in our monetary system were little baby steps off of the classical gold standard where it was fully backed. We went down to a 40% reserve ratio with the Federal Reserve in the United States during the Gold Exchange Standard. Then the Bretton Woods system didn't have a reserve ratio specified, but I believe the dollar was about 8% backed by gold by the time Nixon took us off of gold in '71. Now, the only backing that the US Dollar has is the promise to tax us all in the future: it is US Treasury bonds, or the Fed doing its quantitative easing and buying mortgage-backed securities.
And how corrupt is the notion that you can give some entity the power to have a check book that has a $0 balance and they can go out
(snip)
(Excerpt) Read more at zerohedge.com ...
Yeah, Mark — I feel for you/ but you’ve gotta do whatever you can to get whatever edge, small or great, that you can get.
When that process is complete a lot of Americans will find themselves pushing wheelbarrows of these:
ping
bump
shoot the messenger then, and ignore the message
What parts of the message do you disagree with and what is your alternate? Life goes on as normal?
I see a silver dime or silver quarter as more in the loaf of bread or bag of salt range and 2 silver dollars as a tank of gas or bottle of antibiotics
Some might prefer to not to do business with people who use bullets as currency
especially if they know where you are and they think or know they have more bullets than you do
Just sayin’
I understand. Stockpile your meds *if possible*.
Beyond that, be capable of, and prepared to, see that you do not leave the mortal plane alone should you be forced to depart ahead of schedule.
You can also just ask your doctor for a regular prescription and pay for it out of pocket.
get a script and pay out of pocket.
Anyone with any connection to Goldman Sachs or Citigroup should be barred from holding any position in the federal government, especially when money is involved.
Gold will hang around 1300 until after fall election. After that, inzurection will ensue, the Yellen commie will be unleased, and hell will break loose. I would not hold stocks going into the election. 1.5B bullets, personnel carriers, postal and EPA workers with AK47s???
Zero Hedge should be banned. 90% hype, exaggeration, and falsehood. Getting your financial news from them is like taking health advice from a mortician.
Practically everyone selling precious metals is predicting the collapse of the dollar and has been for years.
Blah, blah, blah.
Blah, blah, blah-blah.
Blah, blah.
Blah.
Blaaaaaaaaaaaah.
Blah!
This account has not been banned or suspended.
But it probably should be.
how many years has the experimental “quantitative easing” program been underway? What has happened to our currency and our economy in the past 6 years?
Who or what tried to bust our economy in September 2008 with over $500 billion in cash withdrawal from our banking system in hours - before they were stopped??
Why?
Why no reporting, why the silence on that act of economic warfare?
Who could have predicted that action helped bring a potus like obama into office, with an $800 billion “TARP” slush fund to spend - and another trillion the following year?
How much debt has obama accumulated in just the past 6 years, and to what effect? What are signs there will be reforms, reversals or reduced govt spending?
What is the current US debt ceiling?
Are our current policies sustainable? What reforms or changes are planned?
What have China and Russia been planning regarding the US dollar? When will they act and what will they do? Are the Chinese Russians and Saudis who prop up our dollar, our allies?
Metals traders and stopped clocks might occasionally and eventually be right
LOL- check out the CV and Goldman Sachs connection of all our Treasury Secretaries back to Bush and maybe before
Not at all. I just think you're not actually looking at how barter works. You want something, they have something, you have something you think is worth something, they MIGHT take that something. 'Why this ounce of gold is worth $100,000 in your currency!' Except that does nothing for the farmer; he trades his fields for trinkets that don't put food on his table unless he trades it to someone else who also imagines it is actually worth that much. Will the farmer trade his grain for 100 gallons of diesel? Much more likely.
Barter only functions if both parties receive immediate benefit from the trade. Sure, it has been tried many ways, but at the core, if you ask people after the trade, immediate benefit is what they are after. Gold almost always depends upon a fiat currency for conversion.
As for the dollar no longer a reserve currency; pretty hard to find places in the world where you can't immediately trade dollars for goods and services. Try that with Rubles or Euros or Yen or even Pounds. That is where a currency truly has measurement as a reserve currency. If you can barter with it almost anywhere (including Antarctica), it really doesn't matter what central banks or governments might be doing.
Ten ounces of gold might buy you recent vintage used vehicle, just as it did twenty years ago, but only because the person you're buying from is going to turn it around into fiat currency. But if the worst happens, that conversion to fiat currency will be nearly impossible.
Yep. Check my tagline. Been there a long time.
Keep stocking. You really need at a minimum a six-month supply of food, a really good system of obtaining drinking water, PMs (as you mentioned), and a means to defend yourself and your family.
It’s a long list and get on the prepper’s ping list to keep informed.
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