End Of The Global Monetary System

[Teal Lantern]

Interview with Jeff Berwick on USA watchdog. You have until July 2014 to move your assets out of the US.

End Of The Global Monetary System
http://www.youtube.com/watch?v=pSwHJYxu ... NZU8K0t-EA

Moving assets only makes sense if, as usual, SHTF doesn't hit everywhere all at once AND you can freely access those assets.
If the "end" is truly global, then moving assets is like rearranging deck chairs ...

No guarantee El Jefe in your new abode won't steal those newly imported pesos (or whatever you bought), either.
The list of countries that have ever devalued their currency (some more than once) or wholly/partly nationalized pensions or other property reads like Yakko naming the countries.

Quite a few .govs have done so in just the last few years.

[SilverEnergy]

Another article that clearly mentions that the Federal Reserve is printing 125 billion dollars per month: http://www.freedombrief.com/the-federal ... -combined/

If this isn't enough proof for you then you are blind and in serious denial.

The Federal Reserve is on purposely trying to destroy the U.S. dollar.

The more they print, the higher prices will be and the less purchasing power the dollar will have.

Then we can expect hyperinflation at some point.

[HouseMD]

Another article that clearly mentions that the Federal Reserve is printing 125 billion dollars per month: http://www.freedombrief.com/the-federal ... -combined/

If this isn't enough proof for you then you are blind and in serious denial.

The Federal Reserve is on purposely trying to destroy the U.S. dollar.

The more they print, the higher prices will be and the less purchasing power the dollar will have.

Then we can expect hyperinflation at some point.

They can counter hyperinflation via offering zero interest on bonds, which will likely result in negative interest rates on savings accounts, which I don't possess anyway since my money is all in the market. Inflation is more closely tied to bond (and hence, debt) interest rates than it is to total circulating currency. That is partly why the Fed has kept interest rates so low. If QE3 ends in the next 3-6 months, things will turn out fine.

And as I said previously, inflation is not necessarily a bad thing so long as wages keep pace. We survived the 14%+ inflation of the 70s without calamity. Many people actually used the inflation to massively boost their wealth. TIPs, commodities, and floating rate bonds are excellent ways to make a killing from inflation. And everything won't collapse overnight- you can move your money to inflation and market protected assets early in a crisis pretty damn easily. With the new system of closing markets after a certain threshold is breached, you would be able to make a play for gold or whatever and lose 25-66% (the former assuming gold had already rallied and was at a high point, the latter assuming a doubling of gold prices and a loss of a quarter of all market value in the same day, which has never even come close to happening) of your money rather than all of it.

So even in a worst case scenario, you'll end up with something in the market. And best case, you can take in a lot of money.

I could go for some high inflation in a few years so long as my wages keep pace. It'll make paying off my 300k loans a lot easier lol. The high inflation of the 70s made houses bought in the 60s significantly easier to pay off as wages increased substantially in real-world dollars but mortgage payments stayed the same. Fearing high inflation is basically for people on fixed incomes with no investments that aren't working. For those of us that carefully manage our finances and operate in careers that are likely to experience wage growth in an inflationary environment, it isn't a big deal.

For every dollar I have ever invested, I have made one more in gains. I would have to experience a loss of 50% just to break even on my investments. Has your silver doubled your net worth?

[Taco]

Interview with Jeff Berwick on USA watchdog. You have until July 2014 to move your assets out of the US.

End Of The Global Monetary System
http://www.youtube.com/watch?v=pSwHJYxu ... NZU8K0t-EA

There has been some guy saying the global economy will collapse "next year" since as far back as I can remember. To which I always respond, "thats what they said last year" which is met with "yeah but this time it's different!" Which never turns out to be the case.

Here's the same guy saying the door closes in 2011, get out now!
http://archive.lewrockwell.com/rep2/doo ... icans.html

He's just a guy shilling his own books who has heavy investments in gold and bitcoins that will only go up in a culture of economic fear.

I think I'm going to start keeping a timeline of predictions proved wrong so that any time one of these threads comes up I can just paste the hundred or so failed predictions that came before it. Guys like thus make meteorologists look prophetic in comparison.

Your right, many "experts" have unsuccessfully tried to predict the collapse of the US dollar the last few years based on economic data alone. This leads me to believe that collapse of dollar will occur because of a political event such as WW III, Israel-Iran or Saudi-Iran conflict which should send the markets reeling.

[HouseMD]

Interview with Jeff Berwick on USA watchdog. You have until July 2014 to move your assets out of the US.

End Of The Global Monetary System
http://www.youtube.com/watch?v=pSwHJYxu ... NZU8K0t-EA

There has been some guy saying the global economy will collapse "next year" since as far back as I can remember. To which I always respond, "thats what they said last year" which is met with "yeah but this time it's different!" Which never turns out to be the case.

Here's the same guy saying the door closes in 2011, get out now!
http://archive.lewrockwell.com/rep2/doo ... icans.html

He's just a guy shilling his own books who has heavy investments in gold and bitcoins that will only go up in a culture of economic fear.

I think I'm going to start keeping a timeline of predictions proved wrong so that any time one of these threads comes up I can just paste the hundred or so failed predictions that came before it. Guys like thus make meteorologists look prophetic in comparison.

Your right, many "experts" have unsuccessfully tried to predict the collapse of the US dollar the last few years based on economic data alone. This leads me to believe that collapse of dollar will occur because of a political event such as WW III, Israel-Iran or Saudi-Iran conflict which should send the markets reeling.

It can't be a war. War is always stimulatory in the short run. A pandemic or disaster, perhaps, but certainly not a war.

[SilverEnergy]

Another article that clearly mentions that the Federal Reserve is printing 125 billion dollars per month: http://www.freedombrief.com/the-federal ... -combined/

If this isn't enough proof for you then you are blind and in serious denial.

The Federal Reserve is on purposely trying to destroy the U.S. dollar.

The more they print, the higher prices will be and the less purchasing power the dollar will have.

Then we can expect hyperinflation at some point.

They can counter hyperinflation via offering zero interest on bonds, which will likely result in negative interest rates on savings accounts, which I don't possess anyway since my money is all in the market. Inflation is more closely tied to bond (and hence, debt) interest rates than it is to total circulating currency. That is partly why the Fed has kept interest rates so low. If QE3 ends in the next 3-6 months, things will turn out fine.

And as I said previously, inflation is not necessarily a bad thing so long as wages keep pace. We survived the 14%+ inflation of the 70s without calamity. Many people actually used the inflation to massively boost their wealth. TIPs, commodities, and floating rate bonds are excellent ways to make a killing from inflation. And everything won't collapse overnight- you can move your money to inflation and market protected assets early in a crisis pretty damn easily. With the new system of closing markets after a certain threshold is breached, you would be able to make a play for gold or whatever and lose 25-66% (the former assuming gold had already rallied and was at a high point, the latter assuming a doubling of gold prices and a loss of a quarter of all market value in the same day, which has never even come close to happening) of your money rather than all of it.

So even in a worst case scenario, you'll end up with something in the market. And best case, you can take in a lot of money.

I could go for some high inflation in a few years so long as my wages keep pace. It'll make paying off my 300k loans a lot easier lol. The high inflation of the 70s made houses bought in the 60s significantly easier to pay off as wages increased substantially in real-world dollars but mortgage payments stayed the same. Fearing high inflation is basically for people on fixed incomes with no investments that aren't working. For those of us that carefully manage our finances and operate in careers that are likely to experience wage growth in an inflationary environment, it isn't a big deal.

For every dollar I have ever invested, I have made one more in gains. I would have to experience a loss of 50% just to break even on my investments. Has your silver doubled your net worth?

I'm not buying silver to get rich quickly.

My strategy is to buy silver cheap and sell it once it gets higher.

Once silver gets to bet $200 or $300 an ounce, it's going to be too late to really invest in it.

Silver is a long term investment and not really for quick income.

For me right now, it's all about starting a business and investing in real estate for current income and cash flow.

[SilverEnergy]

Rock, this explains what happened to retirement plans post-1971.

Plus everyone's savings and 401k plans are going to be eaten alive by hyperinflation.

Remember what happened to peoples' 401k plans during the crash of 2008?

Well those 401Ks with substantial holdings in Treasury's would have been ok in the short term. And those invested predominantly in Treasuries would have boomed. Those heavy in equities would have fallen dramatically but then recovered it all and then some within 2 years or so. Look at where the market is now?

And the US$ actually got substantially stronger in 2008-9 crash. Just check out the US$ index to see what I mean.

You need to get past emotion and fear when analyzing these things and apply more rational long-term thinking. I've been hearing alarmists predict "the big one" for as long as I can remember. It will happen, when and if it will happen. Not because someone who's been predicting the end of the world for the last 15 years was finally right.

Stronger?

The dollar gets weaker every year, that's why prices have kept going on up year after year for decades.

Nothing is more long term than buying silver cheap and selling it when the price gets higher.

Fear is good in the right dosage. It gets you off your butt to take action.

I'm planning right now for an economic collapse, if it happens, then I was prepared.

If the economic collapse doesn't ever happen, which is unlikely, then I didn't really hurt myself by preparing and it only made me smarter.

[JoshMilosh]

The governments will try to find their way into regulating or controlling bitcoins. From what I understand, they can never interfere with peer to peer bitcoin transactions between two people, but a company that, for example, converted bitcoins to dollars, they could control, regulate and even force them to give out user information.

Definitely cryptocurrencies, will take a solid place in the future. Can you image that only 10 years ago 1 bitcoin-0.000001USD, and now its like 477.78USD for one.Still, there are a lot of other bonuses, like almost zero processing fees, instant payments and no chargebacks. If you get interested in integrating bitcoins,hope it helps http://mining-profit.com/api-and-tools

[Moretorque]

The governments will try to find their way into regulating or controlling bitcoins. From what I understand, they can never interfere with peer to peer bitcoin transactions between two people, but a company that, for example, converted bitcoins to dollars, they could control, regulate and even force them to give out user information.

Definitely cryptocurrencies, will take a solid place in the future. Can you image that only 10 years ago 1 bitcoin-0.000001USD, and now its like 477.78USD for one.Still, there are a lot of other bonuses, like almost zero processing fees, instant payments and no chargebacks. If you get interested in integrating bitcoins,hope it helps http://mining-profit.com/api-and-tools

People are irrational, any truly thinking person would not invest in Bitcon even though it has gone up because irrationality is a human trait . It is essentially the same concept just about as the fractional reserve con and no answer at all for a stable money system long term.

[MrPeabody]

The federal reserve is not printing 85 billion a month. Here is what is actually happening:

http://www.federalreserve.gov/faqs/money_12853.htm

Please explain this (from the link) to me:

Although Federal Reserve purchases of Treasury securities do not involve printing money, the increase in the Federal Reserve's holdings of Treasury securities is matched by a corresponding increase in reserve balances held by the banking system. The banking system must hold the quantity of reserve balances that the Federal Reserve creates.

This makes absolutely no sense. It sounds like the Fed creates (prints?) money, lends/gives it to the banks who then deposit back with the Fed which then uses this to buy treasuries. How is this not printing money?

The video at the link explains it. He says the FED doesn't print money but creates the funds electronically and transfers them to the bank of the seller. So, yes money is being created but dollar bills are not being printed. If the money stays in the bank then it increases the bank's reserves. The only way it can expand the money supply is if the banks start lending it out. If they just hold it as reserves, it isn't necessarily increasing the money supply. And banks have been slow to lend lately. At least that is my interpretation of the video. Once the money starts being lent out, then there will be inflation.

[Moretorque]

The federal reserve is not printing 85 billion a month. Here is what is actually happening:

http://www.federalreserve.gov/faqs/money_12853.htm

Please explain this (from the link) to me:

Although Federal Reserve purchases of Treasury securities do not involve printing money, the increase in the Federal Reserve's holdings of Treasury securities is matched by a corresponding increase in reserve balances held by the banking system. The banking system must hold the quantity of reserve balances that the Federal Reserve creates.

This makes absolutely no sense. It sounds like the Fed creates (prints?) money, lends/gives it to the banks who then deposit back with the Fed which then uses this to buy treasuries. How is this not printing money?

The video at the link explains it. He says the FED doesn't print money but creates the funds electronically and transfers them to the bank of the seller. So, yes money is being created but dollar bills are not being printed. If the money stays in the bank then it increases the bank's reserves. The only way it can expand the money supply is if the banks start lending it out. If they just hold it as reserves, it isn't necessarily increasing the money supply. And banks have been slow to lend lately. At least that is my interpretation of the video. Once the money starts being lent out, then there will be inflation.

You got it, it's a completely planned economy through the credit monopoly as stated in the 10 planks of Communism. The inflation will get ramped up because they own all the corporations we depend on for our daily survival. Price fixing upwards to get rid of the middle class world wide as stated in Carl Marx's writings. Antbody who falls for that hog wash is what they want and that is dumb compliant sheople.

It's a populace management sytem they are using to manage humanity. You really cannot blame them somebody has to manage the world and this is the simplest and easiest method they have chosen.

The problem is your thinking people are stuck in the middle, alot will join the system ( party members of the political burea ) because it's the best option to live the better life