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When Will The Economy Collapse?

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stonehart

Paranormal Adept
Ok this sort of thing is becoming a hot topic among many on YouTube and conspiracy sites so let us look at this and see if there really is grounds for this sort of thinking.

The video first with the case laid out.


So is this fear mongering or is there a legitimate case here that takes it beyond this and mere conspiracy ranting?

Just an interesting topic.
 
You should post some links to your shows !
That I will as soon as the damn web guy gets the site up.. I really should have done it myself but I can't do every thing or I just burn out.
Got 100s of photos from over the years that I should post in the music thread for the hell of it, but out of all that time we have never videoed the shows and I feel we should at some stage.. but it is all cost and most times there just is not the extra in the budget to do so :( .. need more sponsors.
 
That I will as soon as the damn web guy gets the site up.. I really should have done it myself but I can't do every thing or I just burn out.
Got 100s of photos from over the years that I should post in the music thread for the hell of it, but out of all that time we have never videoed the shows and I feel we should at some stage.. but it is all cost and most times there just is not the extra in the budget to do so :( .. need more sponsors.
Oh you're talking about your Pink Floyd shows ( duh ). I thought you had gotten into doing podcasts too. There are times I really miss playing, but my ears thank me every day I don't plug into my Marshalls. I just bought the newly remastered Beatles Abbey Road and Let It Be, and I've been enjoying them more than I had anticipated :).
 
Oh you're talking about your Pink Floyd shows ( duh ). I thought you had gotten into doing podcasts too. There are times I really miss playing, but my ears thank me every day I don't plug into my Marshalls. I just bought the newly remastered Beatles Abbey Road and Let It Be, and I've been enjoying them more than I had anticipated :).

Not had a chance to listen to the remaster yet as I have been hammering the new box set of "Dark Side" in 7.1 things are just out of this world.
 
I'm off to the city tomorrow to take possesion of more bullion for the house safe.
All of this years Tax refund has been converted to precious metals
 
I'm off to the city tomorrow to take possesion of more bullion for the house safe.
All of this years Tax refund has been converted to precious metals

You jest, I think. I hope.

Point is - gold is not 'real wealth' - and hasn't been for centuries. Neither are jewels for the same reasons.

'Real wealth' are people and their labor. Always has been. This video is so far from the reality of people's lives 'on the ground' that it's hard to know where to begin. The economy has been collapsing for decades. We are now in free fall.

There is no conspiracy beyond 'follow the money'. If there is a semblance of one it can be likened to a headless, soulless machine, pushed by ignorance and greed, it's joints oiled by fear. It stops the moment people say it stops.

The machine will rattle on and fall off over the cliff - but the 'real wealth' will always be there: communities of people, laboring and working to establish local economies.
 
The good news is that they will be dropping money from helicopters. :) The bad news is that it will be worthless by the time it hits the ground. :(
Hilarious. So obviously they should drop gold instead. Then instead of chasing bits of paper everyone would rush uncontrollably to get the gold whereupon they get killed by the falling metal. Maybe that's the real reason so many nations are buying it all up. OMG it's the "Gold Bomb Conspiracy" :eek: !
 
There is no conspiracy beyond 'follow the money'. If there is a semblance of one it can be likened to a headless, soulless machine, pushed by ignorance and greed, it's joints oiled by fear. It stops the moment people say it stops.

More or less how I feel about the system as it stands.

The problem is people are so tied up with trying to scramble over one another that they missed the point. Keep people dumb and always looking for the next big thing/thrill/fix and you can do what ever you want with a nation.. this is what I see.
 
You jest, I think. I hope.

Point is - gold is not 'real wealth' - and hasn't been for centuries. Neither are jewels for the same reasons.

'Real wealth' are people and their labor. Always has been. This video is so far from the reality of people's lives 'on the ground' that it's hard to know where to begin. The economy has been collapsing for decades. We are now in free fall.

There is no conspiracy beyond 'follow the money'. If there is a semblance of one it can be likened to a headless, soulless machine, pushed by ignorance and greed, it's joints oiled by fear. It stops the moment people say it stops.

The machine will rattle on and fall off over the cliff - but the 'real wealth' will always be there: communities of people, laboring and working to establish local economies.


No, ive just returned with a hefty pile of silver rounds, Scottsdale Omnia's and some more half and quarter ounce rounds.

As for it being real wealth, well many Jews escaping germany in WW2 used jewelery to bribe their way past checkpoints.
During the cypress meltdown it was reported service stations were taking precious metals and jewelery in lue of cash.

I urge everyone to read this and give some thought to the reality he experienced

Were gold and silver useful?
Yes. I personally traded all the gold in the house for ammunition.

Bosnia Survival | URBAN-READY

We also stockpile food and disinfectant etc, not just for cases like this, but also to lock in todays prices on many things.

Being a "silver stacker" is something we are glad to be doing, we have a small hoard of personal wealth and unlike cash we cant spend it easily so it makes growing our off the grid "savings" easier.

If the SHTF we will be glad to have these up our sleeves so to speak

th


scottsdale-silver-half-oz-omnia3-513x370.jpg



SURVIVING IN ARGENTINA: Cash and precious metals? Their role after a collapse.

I think this quote says it all

Well, If you asked me, I’d buy Gold & Silver bullion. We all know the benefits of Gold & Silver, it’s got intrinsic value, it’s not backed by debt, it’s easily transferred, the market is very liquid and… best of all… IT’S IN YOUR HAND! which is more than you can say about the wealth of the citizens of Cypress.
 
How do you specifically prepare for economic collapse?

The poor man’s gold, Silver. Keep some silver at home. If the dollar devalues rapidly (inflation), then the price of silver (and gold) will continue to go higher and higher. You will hold your value through the storm with gold and silver commodities. Whatever comes out the other end, will surely transfer your silver and gold to the new currency. Silver will be simpler to barter with, because a one ounce coin is currently worth $43 whereas an ounce of gold is currently worth $1882 (as of this post).

Prepping For Economic Collapse

However people will, always have and always will, take silver and gold for items, because, well other people will. He may not wish to, that is his choice and prerogative, however that doesn’t change historical fact. You will meet people who will take it, as well as those that wont take it.

Why? Because those items (unlike paper currency) continue to hold their value while the dollar drops. That silver coin your granddaddy got in 1920 still has the same value today as it did now, the 1 dollar bill, does not. You need to have cash available to pay bills and I’m not talking about cashing in your 401k’s to buy silver or gold either. It would be crazy to have no cash on hand but a mini Fort Knox full of silver and then when the monthly bills need to be paid, you and your silver sit alone in a cold, powerless home. (Unless your utility company excepts precious metals!) During this period of price inflation that 20 dollar bill will buy less and less of the food you need, while those silver dollars will continue to buy the same amount as they did before the collapse really takes effect. Having some silver and gold will allow you to cash it in and buy the same amount of food as before the currency’s value plummeted. Even if you have an abundant collection of food, water and other preps, with your supply of silver or gold, you may still be able to go to the store buy the beans, rice and veggies in a can like you used to and save your current stash food preps for the truly dire times. - See more at: Gold, Silver and Financial Collapse | the Expert Prepper Blog - Survival, Prepping, End of the World, Collapse

Gold, Silver and Financial Collapse | the Expert Prepper Blog - Survival, Prepping, End of the World, Collapse
 
And (when no one is home) i can spread my hoard on the bed, take off all my clothes, and roll around in it like a drunken dragon :D
 

We have silver here at home and gold, copper etc because the wife makes jewelery as a hobby, so raw ingots and small bars of high grade metals are stored here in the little safe.

But the real wealth I have here is our seeds, 100's of strains of edible plants all non GMO and very old strains at that. Believe me while gold and silver are good to have and you should have some .. the ability to grow food or sell the extra seed/food you have for silver/gold/services and other needs is a good investment line for a collapse situation as well.

May never happen but ... and its the but that is always the killer... what if a disaster etc happens and you have no back up? think it over people... so if it never happens you have extra food and a good home grown diet... but if it happens well you a ready.. that simple.

Mike is not silly as I have seen he grows his own food like I do, so a little bit of gold or silver is icing on the cake but not the thing you depend upon the most.. if you do that you are already dead in a collapse situation as you cant eat the gold and during the first few weeks people are not going to sell you shit.
 
Yes we have a large collection of seeds in our seed bank as well as those we save each year from the plants that do best that season.
These saved seeds are our most precious ones since they are proven to do well locally.

The bullion is for things we cant grow, spare parts, petrol etc etc.

The horrible truth is the IMF is insisting on bail in laws the world over as a condition of credit, Australia is no exception

Kill the BIS-APRA bank ‘bail-in’ plan before it kills you!

And once you put your money in a bank, you no longer own it, many people dont realise this

Who owns the money in your bank account? That small question has profound implications. According to a survey by Ipsos MORI, more than 70% of people in the UK believe that when they deposit money with the bank, it is theirs-but it is not.


Money deposited in a bank account is, as established under case law going back more than 200 years, legally the property of the bank, rather than the account holder.

Institute: Who owns the money in your bank account?


We saw the effects of "bail in" laws in Cyprus, Canada has them now
Bank 'bail-in' plan shouldn't worry Canadians, Carney says - Business - CBC News
So does NZ
David Whitburn » Blog Archive » Bank Deposit Confiscation – the Reserve Bank of NZ’s Open Bank Resolution Policy

The truth, however, is that this idea has already been discussed for years in the highest circles of the international banking sector. In 2010 the Bank for International Settlements issued a white paper on possible bail-ins of Tier 1 and Tier 2 bank capital in the event of future banking crises. The proposal was discussed in further detail by groups like the Financial Stability Board and private sector entities like KPMG, which issued a July 2012 report on the possibility of future banking bail-ins.
Financial Cleansing: The Cyprus Bail-in Template | Global Research TV

Your "savings" are just a set of numbers the bank promises to give you if you ask for it, but once its deposited its by law theirs not yours anymore.

But promises can and do get broken, heres an example of how and why

That the registered bank is pre-positioned for Open Bank Resolution so that in the event of stress or failure of the registered bank, and on the appointment of a statutory manager, the registered bank can—
(a) close promptly at any time of the day and on any day of the week with—
(i) all liabilities frozen in full; and
(ii) no further access by customers and counterparties to their accounts is possible;

So our bullion stash is bought small amounts at a time with cash and with no ID given, its liquid wealth that we own and hold, every bank could collapse tomorrow and we would still have "currency" thats been used for thousands of years in trade. And no one but us knows how much we have.

We never buy bullion with a printed value, only the 99.9 troy ounce marking
For example

2012-Australian-Silver-Koala-Coin-1-oz.jpg


Wont touch these, because i dont want to have to explain to some idiot at the gas station that an Oz of pure silver is worth more than the 1 dollar face value
And i'm posting this again because we should all read it in full
Bosnia Survival | URBAN-READY

Its a sobering reminder the veneer of civilisation is paper money thin......

There were many gangs 10-15 men strong, some as large as 50 men. But where were also many normal men, like you and me, fathers and grandfathers, who killed and robbed. There were no “good” and “bad” men. Most were in the middle and ready for the worst.
 
So our bullion stash is bought small amounts at a time with cash and with no ID given, its liquid wealth that we own and hold, every bank could collapse tomorrow and we would still have "currency" thats been used for thousands of years in trade. And no one but us knows how much we have.

We never buy bullion with a printed value, only the 99.9 troy ounce marking. For example:

2012-Australian-Silver-Koala-Coin-1-oz.jpg


Wont touch these, because i dont want to have to explain to some idiot at the gas station that an Oz of pure silver is worth more than the 1 dollar face value
Actually those are nice coins, and having a dollar value on them makes them legal currency as well, which technically makes them "collector's coins", which in some places are exempt from capital gains tax. So if you bought them at the current undervalued price now and silver doubled in price, you may be able to double your investment without the heavy tax. IMO silver is being artificially devalued just like gold was. It should be at least quadruple the price it's selling for now.
Ours are worth $5 CDN and look like this:
41AGXAJty8L._SL500_AA300_.jpg
 
We have silver here at home and gold, copper etc because the wife makes jewelery as a hobby, so raw ingots and small bars of high grade metals are stored here in the little safe.

But the real wealth I have here is our seeds, 100's of strains of edible plants all non GMO and very old strains at that. Believe me while gold and silver are good to have and you should have some .. the ability to grow food or sell the extra seed/food you have for silver/gold/services and other needs is a good investment line for a collapse situation as well.

Your seeds are wealth. That I agree. Fresh food will be wealth. Clothes will be wealth. The knowledge of how to build and farm and care for animals will be wealth. If the society is reduced to certain levels of subsistence, gold and silver will be valuable as metals of use, yes. - and because of that will figure in barter - but no more.

What will be 'wealth' in a collapse? The spirit of a strong community of people working hard to support each other - sharing and cooperating. That will be the 'gold', that will be the 'jewels' sought after. People will seek entre to that sort of community ever before they will want a piece of gold or silver.

Where there is fear - and all the behaviors that fear begets - people will flee. Where there is fear there will be gold and silver - it won't matter. You can't eat gold and silver. But the spirit of a healthy community can sustain you. That's what will be forged and what will matter.

May never happen but ... and its the but that is always the killer... what if a disaster etc happens and you have no back up? think it over people... so if it never happens you have extra food and a good home grown diet... but if it happens well you are ready.. that simple.

I actually think this is good but not in the way likely thought. I think everyone should be independent - off the grid - solar panels, gardens - local, local, local. City and Country - no matter, all of us. This is the way of creating a new civilization. A supra-structure could exist - so there are universities and air travel, rail travel and great endeavors like space and science and culture - but the basic structure is local. Slowly - the best way - it will happen slowly. It's already happening - in good ways - not the fear-based ways.

It is my hunch that that is what will eventuate - slowly - as people are cut off from jobs and a livelihood 'in the system', 'on the grid' , they will start the path to independence. It will basically cut the super-rich off from the source of their addiction. They cannot be rich if 'we' do not cooperate. Gold and silver basically still plays into the status quo - into the fear. Fear is an extremely important commodity - it sells. Big time. There's 'gold in them 'thar hills.'

Mike is not silly as I have seen he grows his own food like I do, so a little bit of gold or silver is icing on the cake but not the thing you depend upon the most. If you do that you are already dead in a collapse situation as you can't eat the gold and during the first few weeks people are not going to sell you shit.

There is a tremendous fallacy in the historical thinking of many Americans - this idea of the individual surviving - the westward expansion borne on the scrabble of individuals. Didn't happen that way. Except for isolated pockets of severe social dysfunction (lawless towns - notorious in legend) the westward expansion of the pioneers was as successful as it was because of cooperation, mutual support and strenuous joint effort. In a disaster, we have evidence that this is exactly the way people behave - to help, aid and support. People band together - all the dystopic visions shown endlessly in film and explored in apocalyptic novels notwithstanding.

History sometimes has a lot to tell us. Humanity - or at least western humanity - has already experienced a collapse - following the unprecedented shock wave that passed over Europe with the fall of Rome. Though the term "Dark Ages" is less used these days yet a kind of darkness did fall across Europe. Literacy declined at an incredible speed and the living conditions regressed to a more primitive condition. What happened? People banded together. As long as the supra-structure existed, Roman coins came in handy. Once gone, not important - except as metal for making things. Unless you were headed out to Byzantium/Constantinople.
 
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