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You of course will be laughed at by the "know it all nothing's" for your post. They will be the ones looting the stores when the SHTF though and we'll be laughing.
You of course will be laughed at by the "know it all nothing's" for your post. They will be the ones looting the stores when the SHTF though and we'll be laughing.
Just like I pointed out earlier in this topic. You have the same people who think gold is just a bubble that'll pop. Yeah, right. The US dollar is not going to magically increase in value overnight. All the stimulus did was delay the effects of the depression.
You need to read a little on the history of the Great Depression and the group of men who caused it on purpose.
Then you need to realize that there isn't much difference between the current administration and the last one.
While the right and left bicker with each other we're heading towards collapse on purpose.
The plan is a one world order and we're getting closer.
The solution is hidden in plain view, but people want to stay inside the left-right box the media puts them in and argue about stupid semantics all day long that will do nothing.
If you want to pay off the Federal Reserve debt (aka the national debt), all you have to do is bring back Greenbacks it's so simple......
Just like I pointed out earlier in this topic. You have the same people who think gold is just a bubble that'll pop. Yeah, right. The US dollar is not going to magically increase in value overnight. All the stimulus did was delay the effects of the depression.
The dollar is under attack all over the world the last ten years. We're hanging on by a thread right now. The EU looks in worse shape than us thanks to Iraq but we're not far behind. The stimulous and QE are just bandaids and raising of the debt ceiling just pushes the can down the road past the elections while all making it worse when it comes to pass.
Saudi Arabia is the biggest producer of oil. Whenever we are strapped into high oil prices the US asks Saudi Arabia to produce more oil. They say no.
The stock market drives up oil prices and also it can come down. Oil peaked at $112 and now is sitting @ $85 a barrel. That is why it is inching down now.It hit a low of $78 a barrel and then climbed back up. Generally the past year it sat @ $100 a barrel.Opec does not fix a price . They fix the amount of oil they will produce. Not all oil is the same. Libya has a better quality oil , and Libya Oil is only 2% what we import.
As far as the market goes. I sold some blue chip stocks and mutual funds a few weeks ago before the big dip occurred.
Natural Gas in the hills of PA has me wondering if hey are thinking about Natural Gas for Cars or at least the 18 wheelers. T. Boone Pickens is pushing for natural gas exploration and development to move the big rigs.
What really scares me if the banks.. the foreclosures that are coming. The banks instead of money on their books have thousands of empty homes that are selling for bargain prices in certain hard hit areas such as California, Florida , Las Vegas , and Arizona. Check out Realtor.com and the prices of home there.. going for pennies on the dollar.
The banks will have to lend with government money because they don't have any .. the foreclosures are their capital now.
I don't know how this is all going to play out. But there are no safe investments or good interest rates to be found today.
Consumption with food stamps and unemployment are on the tax payer. Food prices are up because of higher costs to ship the food with high oil prices and everyone who doesn't work gets food stamps. The supply and demand drives up prices if the demand is greater than supply.. lots of food stamps out there.
. When oil goes up , everything goes up and buying power goes down with more money going into the gas tank per paycheck.
The fed chairman can't get us out of this . Who can?
Location: When you take flak it means you are on target
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Yes, the End is Near! The collapse is imminent! Any day, week, month or year now it's coming for sure. You should buy gold. One day it will be worth it's weight in Ammo!
And only drive a car built before 1970 in case of an EMP. Also you will need concrete walls and stockpile concertina wire to keep the hungry out of your 3 year stash of Mountain House freeze dried food that you have hidden in your fallout bunker.
First it'll be housing, then food and fuel shortages, runaway inflation that will drive the national debt beyond the ability to pay the interest with the entire US GDP. Soon the engine of the world will grind to a halt and everything will collapse except for the folks living in Idaho, Montana and on farms in Nebraska. You should consider moving there before it's too late!
If you are really fearful of a historic crash its not gold i would worry about. It's forming a small community of trustworthy people who you can gather with and support. Have plenty of supplies between you and the firepower to protect it. Doesn't matter how many guns you as one person has a mob will always be able to take you and what you have away. You need a community to support each other in truly bad times.
We're certainly not going in the right direction. The country may need a Depression, strife and hardship to show the 50% it's not Racism, LGBT, Sexism, EQUITY, legally owned guns, etc., that's actually things to worry about.
Brilliant move to revive an 11 year-old thread, one that happened to take place during Becky Obama's admenstruation. Err, administration.
It actually is kind of fun to see "history" like this.
Remember kids, Sandy Ocrazio Cortex said the world is going to end in 12 years due to climate change, and that was like 2 years ago. We have maybe 120 months left, unless all of you write out generous checks to the lovechild of Al Gore and Greta Loonytoonburg.
As if $30 Trillion of debt isn't evidence enough of economic collapse.
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it's so simple......
