Bretton woods according to this chart has been collapsing since late 2007.
Bretton woods according to this chart has been collapsing since late 2007.
jimswift (14th April 2013),mamboni (13th April 2013),mick silver (15th April 2013),Tumbleweed (13th April 2013)
Attachment 4696
Thank goodness for positive Bitcoin drones.
Common sense says that cash is king. And paper cash is better than digital cash. But I don't think you should go 100% cash. There is always a risk of a currency devaluation or default - an entire issue is cancelled or devalued. While I don't think that is likely for the dollar, I still think that after providing for healthy cash flow and a minimum of 6-12 months expenses in cash you should diversify into the 4Gs, just in case TSHTF: guns, gold (& silver), grub and guns.
Uberkitty's chart says it all: we have hit maximum potential/rate of credit expansion and the Central Banks are printing furiously to prevent a free-fall collapse of credit. It seems inevitable that they will eventually fail and the bottom falls out (deflation). Alternatively, the Central Bankers could call an emergency meeting and announce a massive coordinated QE to double the monetary base a la Japan (inflation). The problem is that the latter is like monetary Chinese food - after a while you're hungry for more credit money. In the end, it looks like deflation is inescapable. Anyone disagree?
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
if there's only W in the Vault
we must Default.
W being the chemical symbol for Tungsten.
and when they do default, it will be called "Something Something Something Reform".
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
HelpStopLASIK.com
midnight rambler (13th April 2013)
Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.
Anytime I'm in doubt I go outside and give it a little shake.
Liberty Tree.
In a deflation, two groups are wiped out: superrich and debtors. Virtually all super rich (billionaires) operate on leverage and credit. If the music stops, they fall out of the economic stratosphere to hard reality. Debtors, the poor and the struggling middle class on rotating credit, get trapped in unpayable debt. At best, the debt is cancelled and they go to zero. Who wins: people with net positive worth in cash and hard assets, assuming the cash isn't siezed (bank holiday) or devalued/cancelled (currency collapse). In short, the frugal, hardworking, live-within-their-means productive middle class and a few old money goldbugs/landowners are the winners in a deflationary collapse. This has got to be a huge conundrum for the banksters because such an outcome is totally unacceptable. Yet deflation, like a black hole's pull, seems inescapable and inevitable.
What to do? What to do?
Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon
That blast was a nice cap to those morons yelling incessantly allah akbar. All their videos have those idiots screaming it as if it will do them some good. Wait till they find out allah is Satan ramming a pitchfork up their asses.
ed= I just went frame by frame.... you could see the back guy get his face blown off!
...and there is a part 2 showing the poor sucker on his last beats. War is hell.
Deflation? Well... the only printing is to support government spending. Remember the "stimulus" checks Obongo experts sent out a few years ago? Where are they now? Instead, trillions of dollars were wasted by Oboingo and Bushee on building an army against America and sending supplies to our enemies around the world. Our manufacturing is gone. Our technology advantage is gone. Our superior firepower is gone. And all we have left is a halfrican nigger illegal alien set up as the puppet prince of Amerika, changing this once great nation into a communist deathkamp.
SPECTRISM time countdown2025
Throw your thoughts back many years
To the time when there was life with every morning
Perhaps a day will come when the light will be as clear as on that morning