John Williams-Massive Dollar Selloff in 2014-Game Over

[EE_]

But if it doesn't happen this year, it will probably happen the next, or the next.


http://www.youtube.com/watch?v=dQt-FFDM_5k

[EE_]

I'm hoping we get one more wash-out in precious metals.

My next purchase - shopping list
2013 Canadian Silver Maple leafs (25 Anniversary)
British Sovereigns
French Roosters 20 Franc
Swiss 20 Franc

http://images.austincoins.com/product/2013_silver_maple_leaf_25th-rolls.jpg
http://images.austincoins.com/product/british-george-rev-500w.jpg
https://store.nwtmint.com/images/products/2415__orig.jpg
http://images.austincoins.com/product/swiss-franc-group-2.jpg

These high relief's are pretty nice!
http://www.thecoinmaster.com/wp-content/uploads/2013/11/126804-2013-5-Fine-Silver-High-Relief-Piedfort-Coin-25th-Anniversary-of-the-Silver-Maple-Leaf-Front.jpg

[Shami-Amourae]

Don't be shocked if Bitcoin hits $6,000 this year.

Silver hopefully will drop down to the $12-15 range.

A lot more Precious Metals fans/gurus will turn to the Dark Side.

[EE_]

Don't be shocked if Bitcoin hits $6,000 this year.

Silver hopefully will drop down to the $12-15 range.

A lot more Precious Metals fans/gurus will turn to the Dark Side.

I won't be and you're probably right...too many people, businesses and bankers want it.
You should be adding to your position if you believe that.

Bitcoin will be nothing more then another payment system. It is no competition to banking/bankers.
Don't think for a minute it will remain anonymous, other then a transaction between two parties...just like cash.
Although, I doubt it will remain anonymous there either.

You will probably do all right in bitcoin as we head into an inflationary period, as it will rise as the dollar loses value.
I'm expecting food inflation will really get going this year.

Gold will be last man standing. When bitcoin people finally do try to rush to the door, the gold/silver window will be closed.

When you run to your local PM dealer with your rapidly deflating dollars, you can expect this.

http://www.goinggreenservices.net.nz/Images/closed-for-business-sign.jpg

It would be cool if gold went to $6,000 the same time as bitcoin and all sales of gold get stopped. I'm sure I would get a little pleasure seeing the bitcoiners trapped in their bitcoin dollars unable to save themselves by buying gold. :)
There were only so many lifeboats on the Titanic.

[Hypertiger]

Don be surprised if the people that are slaving or being deflated to support all the inflation worshipers lets them down when they go on strike...Reach the maximum potential to support all the false profit followers...and drops them.

[mick silver]

are you saying that people will cut the welfare aid off by not working no more so they are not taxes . so that would mean everyone would be on welfare then

[Hitch]

Watched this earlier. John Williams is forcasting a 90% chance we hit hyperinflation in 2014. That's a bold statement. Gold to $100,000. No mention of silver at all though. With a 20 to 1 ratio, that would mean $5000 silver.

[Sparky]

I don't see how the dollar can sell off while Japan is trying to double their monetary base. Can't happen. Also, the true backing of fiat currency is brute force, and no currency has more military might behind it then the US Dollar.

It will continue to lose purchasing power in 2014, but its relative strength will actually increase because its competition is weakening even faster. U.S. debt is 5 times its annual revenue, which is bad. Japan's debt is 24 times its revenue. Foreigners will be holding on very tightly to their U.S. Dollars in 2014, causing a rise in the USD Index. This will actually be a sign that the global financial system is falling apart. Especially if the gold price is rising simultaneously.

[Uncle Salty]

I don't see how the dollar can sell off while Japan is trying to double their monetary base. Can't happen. Also, the true backing of fiat currency is brute force, and no currency has more military might behind it then the US Dollar.


But oil backs the military might.

[Sparky]

But oil backs the military might.

Oil and military might are intertwined when it comes to backing fiat currency. But military might has the last word.

If Venezuela says "use our currency or we will withhold our oil from you", and the U.S. says "use our currency or we will obliterate your country", whose currency gets used?

[Shami-Amourae]

I won't be and you're probably right...too many people, businesses and bankers want it.
You should be adding to your position if you believe that.

Bitcoin will be nothing more then another payment system. It is no competition to banking/bankers.
Don't think for a minute it will remain anonymous, other then a transaction between two parties...just like cash.
Although, I doubt it will remain anonymous there either.

You will probably do all right in bitcoin as we head into an inflationary period, as it will rise as the dollar loses value.
I'm expecting food inflation will really get going this year.

Gold will be last man standing. When bitcoin people finally do try to rush to the door, the gold/silver window will be closed.

When you run to your local PM dealer with your rapidly deflating dollars, you can expect this.

http://www.goinggreenservices.net.nz/Images/closed-for-business-sign.jpg

It would be cool if gold went to $6,000 the same time as bitcoin and all sales of gold get stopped. I'm sure I would get a little pleasure seeing the bitcoiners trapped in their bitcoin dollars unable to save themselves by buying gold. :)
There were only so many lifeboats on the Titanic.

You can buy Gold/Silver directly for Bitcoin. You don't have to convert it into Dollars. You need to understand that Bitcoin is more stable than you think considering it is currently backed with multiple currencies and basically all of the alt-cryptocurrencies. There's a huge percentage of its backing in Chinese Yuan. You should look into Litecoin too. Litecoin is almost PRIMARILY backed by the Chinese Yuan but this never makes the news. The Chinese LOVE Litecoin.

Look at this website. (http://www.cryptocoincharts.info/) It has all the activity covering from highest to lowest the amount of volume going on in the crypto markets. Currently the Chinese Yuan is #1 on the chart for Litecoins (above Bitcoins even) and #3 for Chinese Yuan to Bitcoins. That's right, China is driving the crypto market. The cryptos are FLOWING to China! People on this forum always talk about how the Chinese are acquiring all the Gold/Silver. Well they are also aquiring all the Litecoins and Bitcoins.


People mainly use BitPay to do it which instantly will convert Bitcoins to the current market dollar price:
Business Insider: People Are Buying A Lot Of Silver And Gold With Their Bitcoins (http://www.businessinsider.com/bitcoin-black-friday-results-2013-12)

Precious & Base Metals/Coins Dealers Who Accept Bitcoin Directly



Alexchenko Silver Co. (http://www.alexchenko.net/), Silver retail located in the United States of America. Provides customers with quality silver products from several leading mints around the world. Accepts Bitcoin and PayPal for purchases. Express delivery to customers in the US & Canada.
AmagiMetals.com (http://www.amagimetals.com), Global gold & silver dealer. Core values are privacy, fast delivery, sound money, and financial responsibility.
BitAurum.eu (http://www.bitaurum.eu), Gold merchant located in Germany. Sells bitcoins for bank transfer. EU-wide shipping.
https://en.bitcoin.it/w/images/en/thumb/0/0e/Bitgildcom.jpeg/20px-Bitgildcom.jpeg (http://www.bitgild.com)Bitgild.com (http://www.bitgild.com), Gold and Silver merchant. Sells gold bars,gold coins,silver bars, silver coins and physical silver bitcoins. Fast delivery, privacy guaranteed, insured shipping. EU-wide shipping.
BitcoinAg (http://www.bitcoinag.blogspot.ca/), purchase Silver rounds and gold for a low price. Custom ordering available. Pricematch any valid bullion dealer that deals in bitcoins.
BitCoinCommodities (http://bitcoincommodities.com), Gold and Silver Coins and Bars / Bullion. Physical Silver Bitcoins (1g .999 Au rounds). Saving plans for miners. Shipping via FedeX to the whole world, dropshipping from the US to a variety of countries - best shipping conditions ever! Tracking on every order. See also: My rating on bitcoin-otc (http://bitcoin-otc.com/viewratingdetail.php?nick=bitcoinsinberlin&sign=ANY&type=RECV).
BitSilver.US (http://www.bitsilver.us) A weight-based Bitcoin to Silver exchange. Real-time pricing, insured delivery.
BTCAg (http://www.btcag.co) Trade your bitcoins for silver bullion coins.
Bullionbit.com (http://www.bullionbit.com) Purchase physical silver and gold in bullion or coin format.
Casascius Physical Bitcoins (http://www.casascius.com), coins with a real bitcoin value embedded inside.
Coin.me.uk (http://www.coin.me.uk), Buy silver, gold coins, bars and other items. Plus non-precious novelties clearly marked. Pay with Bitcoin.
Coinabul.com (http://coinabul.com/) (info (https://en.bitcoin.it/wiki/Coinabul)), The biggest Bitcoin/Gold Marketplace. Selling a wide selection of gold and silver. Bars, coins, and international shipping. Insurance options as well. Tracking on every order!
CoinedBits.com (http://www.coinedbits.com) Novelty physical Bitcoin Coins.
Chariot Trading Company (http://www.chariottrading.com/bitcoin.html) (info (https://en.bitcoin.it/wiki/Chariottrading.com)), precious metals, base metals, and rare coins
Midasbitcoin (http://www.midasbitcoin.blogspot.com/), Buy a real Silver Coin with your bitcoins.
Gold to Bitcoins (http://gold2bitcoins.com), Sell Your gold for Bitcoins.
MJB Monetary Metals (http://mjbmonetarymetals.co.uk), Investment grade bullion products for bitcoin.
Shire Silver (http://shiresilver.com), trade grade small denomination precious metal cards. A better bullion for everyday trade.
GoldExpert.com (http://goldexpert.com), Bigger quantities of investment gold. 1-2 day delivery or pickup from our office in Estonia.
hopea.fi (http://hopea.fi), Buy gold, silver and cash with bitcoins from physical location in Finland.
WiserMetals.com (https://www.wisermetals.com/), Private | Secure | Wealth - Gold and silver Royal Canadian Mint Coins .9999 pure.
Oxbridge House, Inc. (http://www.oxbridgehouse.com/) A San Francisco based company specializing in precious metals, coins, and bullion.



If we do have a hyperinflation scenario Bitcoin may be the ONLY available payment system where people will trade Gold/Silver with since people wont take "worthless fiat" like they do now. It would (probably) retain its purchasing power and (probably) go up during a hyperinflationary scenario with the backing of people flooding into it with Dollars for perceived safety, and the huge backing by the Chinese Yuan. The higher the price of Bitcoin goes to more peoples greed switches go off in their head and the more they will want in, even if they were huge critics before. I bet you someone like Chris Duane will become a Bitcoiner within this year and act like he always supported it from the start.

I also don't want anymore Gold/Silver since that's mainly all I have. At a point I had 90% of my wealth in it. I'm trying to get that to 50% now. I want to diversify with cryptocurrencies, guns/ammo, cash, and so on. I believe I made a mistake of putting all my eggs in one basket.

[Uncle Salty]

Oil and military might are intertwined when it comes to backing fiat currency. But military might has the last word.

If Venezuela says "use our currency or we will withhold our oil from you", and the U.S. says "use our currency or we will obliterate your country", whose currency gets used?

It's not about the US buying oil with dollars, it's about the rest of the world using dollars to buy oil. When the BRICS tell the dollar to fuck off, and oil producing nations accept gold, our military might won't be shit.

[Hypertiger]

The invisible power sustains the fake power called things of value that become worthless pretty quick...

You have no weapon to defeat GOD...So annihilation in the blink of an eye is going to be hard to escape.

If they could transform a Lie into Truth...they would have done it by now...since they can not...its postponement of arrival at the logical conclusion for as long as possible...with arrival getting closer and closer.

That is where game over is located...when you have to kill GOD and become GOD...then you can not be defeated.

You can not defeat the source of power with the supply you have from it...Unless you stop trying to defeat Truth with a lie.

All global trade is conducted with US Dollars...Oil is a key component of the algorithm.

trade lines are cut...and poof...everything collapses back and those cut off from imports of power...collapse and die...

Some light bulbs down at the bottom go dark.

To sustain the top...massive piles of skeletons created rapidly.

No one has a sustainable system...we are in the last half of fall...that ends at the winter winning...as in that is where we will be...planting crops and expecting a yield...is not going to work there.

Not like now where it still appears to be working...or the harvesting is working...the hoarding before the winter...that is where this all ends...

Think of 2001 to 2008 as Indian summer (http://en.wikipedia.org/wiki/Indian_summer).

and no one wants winter to show up...but it's going to eventually.

global warming was leading into 2000... then into 2008 it changed to climate change...now its global cooling starting to show up...and massive yield starvation globally.

[EE_]

You can buy Gold/Silver directly for Bitcoin. You don't have to convert it into Dollars. You need to understand that Bitcoin is more stable than you think considering it is currently backed with multiple currencies and basically all of the alt-cryptocurrencies. There's a huge percentage of its backing in Chinese Yuan. You should look into Litecoin too. Litecoin is almost PRIMARILY backed by the Chinese Yuan but this never makes the news. The Chinese LOVE Litecoin.

Look at this website. (http://www.cryptocoincharts.info/) It has all the activity covering from highest to lowest the amount of volume going on in the crypto markets. Currently the Chinese Yuan is #1 on the chart for Litecoins (above Bitcoins even) and #3 for Chinese Yuan to Bitcoins. That's right, China is driving the crypto market. The cryptos are FLOWING to China! People on this forum always talk about how the Chinese are acquiring all the Gold/Silver. Well they are also aquiring all the Litecoins and Bitcoins.


People mainly use BitPay to do it which instantly will convert Bitcoins to the current market dollar price:
Business Insider: People Are Buying A Lot Of Silver And Gold With Their Bitcoins (http://www.businessinsider.com/bitcoin-black-friday-results-2013-12)

Precious & Base Metals/Coins Dealers Who Accept Bitcoin Directly



Alexchenko Silver Co. (http://www.alexchenko.net/), Silver retail located in the United States of America. Provides customers with quality silver products from several leading mints around the world. Accepts Bitcoin and PayPal for purchases. Express delivery to customers in the US & Canada.
AmagiMetals.com (http://www.amagimetals.com), Global gold & silver dealer. Core values are privacy, fast delivery, sound money, and financial responsibility.
BitAurum.eu (http://www.bitaurum.eu), Gold merchant located in Germany. Sells bitcoins for bank transfer. EU-wide shipping.
https://en.bitcoin.it/w/images/en/thumb/0/0e/Bitgildcom.jpeg/20px-Bitgildcom.jpeg (http://www.bitgild.com)Bitgild.com (http://www.bitgild.com), Gold and Silver merchant. Sells gold bars,gold coins,silver bars, silver coins and physical silver bitcoins. Fast delivery, privacy guaranteed, insured shipping. EU-wide shipping.
BitcoinAg (http://www.bitcoinag.blogspot.ca/), purchase Silver rounds and gold for a low price. Custom ordering available. Pricematch any valid bullion dealer that deals in bitcoins.
BitCoinCommodities (http://bitcoincommodities.com), Gold and Silver Coins and Bars / Bullion. Physical Silver Bitcoins (1g .999 Au rounds). Saving plans for miners. Shipping via FedeX to the whole world, dropshipping from the US to a variety of countries - best shipping conditions ever! Tracking on every order. See also: My rating on bitcoin-otc (http://bitcoin-otc.com/viewratingdetail.php?nick=bitcoinsinberlin&sign=ANY&type=RECV).
BitSilver.US (http://www.bitsilver.us) A weight-based Bitcoin to Silver exchange. Real-time pricing, insured delivery.
BTCAg (http://www.btcag.co) Trade your bitcoins for silver bullion coins.
Bullionbit.com (http://www.bullionbit.com) Purchase physical silver and gold in bullion or coin format.
Casascius Physical Bitcoins (http://www.casascius.com), coins with a real bitcoin value embedded inside.
Coin.me.uk (http://www.coin.me.uk), Buy silver, gold coins, bars and other items. Plus non-precious novelties clearly marked. Pay with Bitcoin.
Coinabul.com (http://coinabul.com/) (info (https://en.bitcoin.it/wiki/Coinabul)), The biggest Bitcoin/Gold Marketplace. Selling a wide selection of gold and silver. Bars, coins, and international shipping. Insurance options as well. Tracking on every order!
CoinedBits.com (http://www.coinedbits.com) Novelty physical Bitcoin Coins.
Chariot Trading Company (http://www.chariottrading.com/bitcoin.html) (info (https://en.bitcoin.it/wiki/Chariottrading.com)), precious metals, base metals, and rare coins
Midasbitcoin (http://www.midasbitcoin.blogspot.com/), Buy a real Silver Coin with your bitcoins.
Gold to Bitcoins (http://gold2bitcoins.com), Sell Your gold for Bitcoins.
MJB Monetary Metals (http://mjbmonetarymetals.co.uk), Investment grade bullion products for bitcoin.
Shire Silver (http://shiresilver.com), trade grade small denomination precious metal cards. A better bullion for everyday trade.
GoldExpert.com (http://goldexpert.com), Bigger quantities of investment gold. 1-2 day delivery or pickup from our office in Estonia.
hopea.fi (http://hopea.fi), Buy gold, silver and cash with bitcoins from physical location in Finland.
WiserMetals.com (https://www.wisermetals.com/), Private | Secure | Wealth - Gold and silver Royal Canadian Mint Coins .9999 pure.
Oxbridge House, Inc. (http://www.oxbridgehouse.com/) A San Francisco based company specializing in precious metals, coins, and bullion.



If we do have a hyperinflation scenario Bitcoin may be the ONLY available payment system where people will trade Gold/Silver with since people wont take "worthless fiat" like they do now. It would (probably) retain its purchasing power and (probably) go up during a hyperinflationary scenario with the backing of people flooding into it with Dollars for perceived safety, and the huge backing by the Chinese Yuan. The higher the price of Bitcoin goes to more peoples greed switches go off in their head and the more they will want in, even if they were huge critics before. I bet you someone like Chris Duane will become a Bitcoiner within this year and act like he always supported it from the start.

I also don't want anymore Gold/Silver since that's mainly all I have. At a point I had 90% of my wealth in it. I'm trying to get that to 50% now. I want to diversify with cryptocurrencies, guns/ammo, cash, and so on. I believe I made a mistake of putting all my eggs in one basket.

I will say bitcoin has a whole lot more support then precious metals.
Everyone wants in on it, Wall Street wants you to have it, the bankers want you to have it, the government wants you to have it, big business wants you to have it, tptb want you to have it.
The system is electronic now, why wouldn't it be wanted. Bitcoin keeps the dollars turning.

Gold and silver on the other hand, the bankers definately don't want you to have it, Wall Street hates it, big business hates it, tptb don't want you to have it. Gold and silver competes with the dollar and locks money away from the money grubbing thieving hands of the rest. Most of Americans don't have excess funds to store away and they need to keep using every dollar they get in their over-spending hands.

[Shami-Amourae]

Wall Street wants you to have it, the bankers want you to have it, the government wants you to have it, big business wants you to have it, tptb want you to have it.
The system is electronic now, why wouldn't it be wanted.

I disagree. THEY want to have it, but only centrally controlled by them. There will be virtual currencies established NO MATTER what. The question is whether it is centrally or decentrally controlled. We are trying to get out ahead of TPTB to ensure it STAYS decentrally controlled. That's the whole point.

They haven't figured out how to control or track it yet. That's the entire point of cryptography, to protect information/data from governments/bad guys. This is a battle for freedom versus control. Doing nothing and buying Gold/Silver doesn't do anything to fight against these people. If you want to really fight these people harness their own power against them to empower the people directly.

Anyone can start their own global currency now. That's an incredibly powerful development and tool.

[EE_]

I disagree. THEY want to have it, but only centrally controlled by them. There will be virtual currencies established NO MATTER what. The question is whether it is centrally or decentrally controlled. We are trying to get out ahead of TPTB to ensure it STAYS decentrally controlled. That's the whole point.

They haven't figured out how to control or track it yet. That's the entire point of cryptography, to protect information/data from governments/bad guys. This is a battle for freedom versus control. Doing nothing and buying Gold/Silver doesn't do anything to fight against these people. If you want to really fight these people harness their own power against them to empower the people directly.

Anyone can start their own global currency now. That's an incredibly powerful development and tool.

Let's get back to this conversation a year from now. We'll see who controls what.

We can agree the government doesn't want the people to have control of anything.
They have been doing all they can to stop you from having guns, owning gold and silver, or growing and selling your own food...but the government hasn't done shit about bitcoin?

[chad]

a massive sell-of of something is happening right now, look up at the ticker.

[Shami-Amourae]

...but the government hasn't done shit about bitcoin?

I think they are dumbfounded by it, and trying to figure out what it is, and how to control/manipulate it.

They've been secretly trying to recruit hackers/programmers who can help them use it against the people. Watch my Cicada 3301 post on this subject if you haven't:
http://gold-silver.us/forum/showthread.php?75057-The-Hacker-quot-Da-Vinci-Code-quot-Video-Series-by-BrotherJohnF

Fortunately most hackers/computer geeks are Libertarian minded, so will fight for our side. The government can only buy or blackmail so many people.

[Sparky]

It's not about the US buying oil with dollars, it's about the rest of the world using dollars to buy oil. When the BRICS tell the dollar to fuck off, and oil producing nations accept gold, our military might won't be shit.

Saddam Hussein tried to tell the U.S. Petrodollar to fuck off. How did that work out for him and Iraq?