The reality of impending economic collapse

[Amays U G37S]

Im groking TMS, brah

[themadscientist]

Regarding the price of gold being at an "all time high," that is a fallacy. It ignores the correction for , da da da daaaaa, inflation!

Corrected, the high price was the 1980 bull run that crashed.
http://inflationdata.com/inflation/imag ... _chart.htm


For fun, lets look at another real asset, oil.
http://www.inflationdata.com/inflation/ ... _Chart.htm


Please to noticing how much more present day dollars it takes to purchase items priced in "old dollars." Oil, like gold, and other real assets, cannot be BSed into existence. You either actually have it or you don't. The dollar, any fiat currency, however, is an idea. It's value is implied through mutual agreement between purchaser and seller.

The notable increase in deviation between oil bought today in todays dollars and oil bought yesterday recalculated in today's dollars is an example of what happens when your currency loses "value," when the promise carrys less weight than it once did. It's not a supply and demand influence, there's no external factors influencing it, it's money compared to money, apples to apples.

As confidence in the United States' financial condition deteriorates, the printed promises (money) become less valuable. Like a person with a low credit score coming hat in hand to the bank (bond market) for a loan, America is an increasingly poor risk and when the market say's "no," the jig is up and the collapse is on.

Those that think that American debt will be accepted unquestioned in adfinitum are detached from reality. In the past, the dollar's place as a reserve currency for the world was based upon justified confidence in our economy. Later, the world had to table their concerns because they were too heavily invested in the dollar. Increasing, the world is making moves to divest themselves of that exposure as am I.

Now, if all your "wealth" is tied up in a commodity that suffers a precipitous drop, you are screwed. All makets go up and down, oil drops, gold drops too. In 1980 when gold was heading to the sky, when the Hunt's were running silver up to $50 and ounce, people were all in in many cases. When those two assets tanked, people took a bath. Bubbles happen and when they pop people get hurt.

Back then, those assets were in a speculative bubble. The dotcom bubble was similarly speculative. the most reason housing crash was speculative as well. The new bubble is not an asset per se, but the very money in our wallets.

[naladude911]

i skimmed a lot but all I can say is one thing:

12/21/12

2 more years of life.

Edit: ill add some things to this post

I do not have time to read all of what that OP has posted but all I can say is, in summary, is that he is correct on the fact that something negative is going to happen, not only to our economy, but to the world. The History Channel recently aired a show called the "Prophets of doom". In it, I believe 5 credible people came together with 5 theories and predictions on negative impacts which are going to happen on the United States in the distant future. The economy, water shortages, technological apocalypse (think terminator), food shortages, and WWIII. Although some seem impractical (terminator idea) the rest are practical and in my view, will happen. The "prophet" explaining a financial meltdown was a credible person who worked on Wallstreet. He said there are already current signs, and the meltdown is happening fast.

Not only is there going to be a financial meltdown, but we also, God forbid, may have a nuclear Holocaust soon.
As you know, it is theorized that there are three Anti-Christs who have/will make an appearance sometime on earth according to the famous Nostradamus. Now I know this may be a thread jack but it all branches together with the OP's post in that we're all f***.
The first Anti-Christ that Nostradamus predicted, was completely correct. Napoleon Bonaparte. The second, was well. Nostradamus said that the second Anti-Christ, "Hiser" (Hitler) would partially be formed by the first Anti-Christ, massacre a ton of people, etc etc. The third Anti-Christ will have the name "Mabus" and be worse then his last two predecessors and bring the end to earth and war. Of course it has been hypothesized that this third Anti-Christ is Obama, Saddam Hussein, GW Bush, Bin Laden etc. But, none of these correspond with the name Mabus or have committed a great threat to humanity. Who is the third Anti-Christ I believe?
Ayatollah Mesbah Yazdi. His middle name, pronounced "Mabus" is not the only reason I believe he is the Anti-Christ. He believes that enacting and creating a nuclear war will kill off the anti-Muslims, and bring everlasting peace for Muslim. Although this may seem far fetched, there are predictions of this war. From the incans, einstein, and nostradamus who's every prediciton has been accurate. Nostradamus's prediction is that, "Mabus" will create the world so that "there will be harsh doing to the animals and the innocent". Idk I hope there isnt a WWIII but if you are interested on what I have posted, Google it.

Also december212012.com has some useful information. All I can say is, I hope its not the apocalypse but either way, were going to be f*** soon. Hopefully not everyone gets affected.

[Razi]

i skimmed a lot but all I can say is one thing:

12/21/12

2 more years of life.

Of course you'd believe in that s***.

[themadscientist]

Nala, I am starting to think you are the third antichrist.

1st Nicoans, chapter general chat; And there shall come a killer of win and all across the land shall the ladies lose their libidos. So immense shall be his fail that small children will cry and the assembled shall be driven to roll their eyes.

[Razi]

*more nonsense*

[krimsonviper]

i skimmed a lot but all I can say is one thing:

12/21/12

2 more years of life.

Edit: ill add some things to this post

I do not have time to read all of what that OP has posted but all I can say is, in summary, is that he is correct on the fact that something negative is going to happen, not only to our economy, but to the world. The History Channel recently aired a show called the "Prophets of doom". In it, I believe 5 credible people came together with 5 theories and predictions on negative impacts which are going to happen on the United States in the distant future. The economy, water shortages, technological apocalypse (think terminator), food shortages, and WWIII. Although some seem impractical (terminator idea) the rest are practical and in my view, will happen. The "prophet" explaining a financial meltdown was a credible person who worked on Wallstreet. He said there are already current signs, and the meltdown is happening fast.

Not only is there going to be a financial meltdown, but we also, God forbid, may have a nuclear Holocaust soon.
As you know, it is theorized that there are three Anti-Christs who have/will make an appearance sometime on earth according to the famous Nostradamus. Now I know this may be a thread jack but it all branches together with the OP's post in that we're all f***ed.
The first Anti-Christ that Nostradamus predicted, was completely correct. Napoleon Bonaparte. The second, was well. Nostradamus said that the second Anti-Christ, "Hiser" (Hitler) would partially be formed by the first Anti-Christ, massacre a ton of people, etc etc. The third Anti-Christ will have the name "Mabus" and be worse then his last two predecessors and bring the end to earth and war. Of course it has been hypothesized that this third Anti-Christ is Obama, Saddam Hussein, GW Bush, Bin Laden etc. But, none of these correspond with the name Mabus or have committed a great threat to humanity. Who is the third Anti-Christ I believe?
Ayatollah Mesbah Yazdi. His middle name, pronounced "Mabus" is not the only reason I believe he is the Anti-Christ. He believes that enacting and creating a nuclear war will kill off the anti-Muslims, and bring everlasting peace for Muslim. Although this may seem far fetched, there are predictions of this war. From the incans, einstein, and nostradamus who's every prediciton has been accurate. Nostradamus's prediction is that, "Mabus" will create the world so that "there will be harsh doing to the animals and the innocent". Idk I hope there isnt a WWIII but if you are interested on what I have posted, Google it.

Also december212012.com has some useful information. All I can say is, I hope its not the apocalypse but either way, were going to be f***ed soon. Hopefully not everyone gets affected.

And the college student paranoia begins, and teenage angst rounds up the pawns.

[Razi]

I love how this 2012 nonsense is based on the fact that a society stopped makings calendars must mean that the world will end.

"Omg they stopped making calendars? It's the end of the woooooorld!"

[krimsonviper]

Actually, scientists have discovered that the Mayan calender is off by decades and that the end should of happened already. 2012 was just another Lemming trap.

[Razi]

Even more lulz

[HashiriyaS14]

The economy, water shortages, technological apocalypse (think terminator), food shortages, and WWIII. Although some seem impractical (terminator idea) the rest are practical and in my view, will happen.

THIS JUST IN


Guy who took two years to discover "Like a Boss" is making predictions about the end of the world.





Our deficit will make our life uncomfortable via the elimination of numerous social services (social security, medicare) and a temporary spike in taxation, none of which will happen until the situation gets markedly worse, but IMO that is the worse that will come of it, similar to the Greek "austerity measures". This is, of course, just my opinion.

There is a certain tolerance of debt until it really starts impacting people, and as interest as a percentage of our GDP grows, sooner or later we'll hit that "wall of acceptance" where the political will to do something about it (see above) materializes. Until then, watch that counter click away.

[numbnuts240]

12/21/12

2 more years of life.

i'm free that day. i could totally make this happen for you.

[Encryptshun]

12/21/12

2 more years of life.

i'm free that day. i could totally make this happen for you.

At first I was like but then I was all

[ricebike]

http://www.stansberryresearch.com/pro/1 ... PSIM209/PR

similar to OPs link, but it's coming!

[snwbrdr435]

Well if the world ends in two years, Nala you better start trying to find some hookers who will take your milk money

[HashiriyaS14]

Also, I'm not sure what people think is going to happen if the US were, heaven forbid, to default on debt.

It's not like the Chinese can just walk in here and take the Statue of Liberty away. There is no foreclosure. They would stop buying NEW debt, which would effectively eliminate our ability to spend more than we collect, but the principal is pretty much a sunk cost for them, they can't recover it.


Obviously, any default would be terrible and we should avoid at all costs, but all it would do is impact our ability to borrow.

[Jesda]

Also, I'm not sure what people think is going to happen if the US were, heaven forbid, to default on debt.

It's not like the Chinese can just walk in here and take the Statue of Liberty away.

They'd refurbish it with lead-based paint.

[Rev_D21]

If the worst that happens in 2012 is we lose Nala to an apocalypse then I'm all for it.

[themadscientist]

Silver heading towards $40 an ounce today. Quite the milestone if it crests it.
http://www.kitco.com/charts/livesilver.html

[MinisterofDOOM]

i skimmed a lot but all I can say is one thing:

12/21/12

2 more years of life.

Nala, look at my username. Now look back at your post. Now look back at my username. Now back at this post.
My username hasn't changed.

Minister
min·is·ter
   [min-uh-ster] Show IPA
–noun
3. a person appointed by or under the authority of a sovereign or head of a government to some high office of state, especially to that of head of an administrative department: the minister of finance.

of
1    [uhv, ov; unstressed uhv or, especially before consonants, uh] Show IPA
–preposition
7.
(used to indicate possession, connection, or association): the king of France; the property of the church.

Doom
–noun
1.
fate or destiny, especially adverse fate; unavoidable ill fortune: In exile and poverty, he met his doom.
2.
ruin; death: to fall to one's doom.
3.
a judgment, decision, or sentence, especially an unfavorable one: The judge pronounced the defendant's doom.
4.
the Last Judgment, at the end of the world.
5.
Obsolete . a statute, enactment, or legal judgment.
–verb (used with object)
6.
to destine, especially to an adverse fate.
7.
to pronounce judgment against; condemn.
8.
to ordain or fix as a sentence or fate.

If the world was going to end in 2012, I'd know about it. I wish it WAS in 2012. The End of the World is hard work. But it will come in time. And you won't be ready. Discovery Channel shows make it look nice.

[IBCoupe]

I love the way this thread turned.

Also, what is this "like a boss" that you speak of?

[Encryptshun]

I, for one, welcome our MoD overlord, and hereby pledge my fealty to his master plan of death and destruction for the tedious, unwashed masses and slack-jawed, mouth-breathing dillydorks.

[Chaotic_Warlord]

i skimmed a lot but all I can say is one thing:

12/21/12

2 more years of life.

Nala, look at my username. Now look back at your post. Now look back at my username. Now back at this post.
My username hasn't changed.

Minister
min·is·ter
   [min-uh-ster] Show IPA
–noun
3. a person appointed by or under the authority of a sovereign or head of a government to some high office of state, especially to that of head of an administrative department: the minister of finance.

of
1    [uhv, ov; unstressed uhv or, especially before consonants, uh] Show IPA
–preposition
7.
(used to indicate possession, connection, or association): the king of France; the property of the church.

Doom
–noun
1.
fate or destiny, especially adverse fate; unavoidable ill fortune: In exile and poverty, he met his doom.
2.
ruin; death: to fall to one's doom.
3.
a judgment, decision, or sentence, especially an unfavorable one: The judge pronounced the defendant's doom.
4.
the Last Judgment, at the end of the world.
5.
Obsolete . a statute, enactment, or legal judgment.
–verb (used with object)
6.
to destine, especially to an adverse fate.
7.
to pronounce judgment against; condemn.
8.
to ordain or fix as a sentence or fate.

If the world was going to end in 2012, I'd know about it. I wish it WAS in 2012. The End of the World is hard work. But it will come in time. And you won't be ready. Discovery Channel shows make it look nice.

Oh, we're playing that game again... I'll join in:

- Chaotic
cha·ot·ic
   [key-ot-ik] Show IPA
–adjective
completely confused or disordered: a chaotic mass of books and papers.
Origin:
1705–15; chao(s) + -tic
—Antonyms
orderly, systematic.

- Warlord
war·lord
   [wawr-lawrd] Show IPA
–noun
1. a military leader, especially of a warlike nation.

2.a military commander who has seized power, especially in one section of a country.

3.tuchun.

Origin:
1855–60; war1 + lord

or

— n a military leader of a nation or part of a nation, esp one who is accountable to nobody when the central government is weak: the Chinese warlords

So I guess this means that MoD might be the one that pushes the big red button, but me and my people are the ones who will actually end the world by your logic. Nala, you're F'd.

[themadscientist]

$40 is gone!


Any takers on $1500?

[gwoods]

your gold and silver are worthless if no one wants it. If there is collapse guns, ammo and food will be the commodity to have.

Good idea to learn and practice a trade cause call center csr's and salesmen will starve to death. I am a salesman/farmer/mechanic

I grow apples, peppers, grapes, blackberries, swisschard, artichoke, pomegranate, sugarcane and peas in my back yard right now I have seeds to grow almost everything that can be grown in Phoenix.

[sbird1]

Hey TMS, earlier in this thread, I think we were discussing the state of disrepair of out country's interstate system. I ran across this a few days ago and thought about said discussion. The tech isn't perfect yet, but I thought it was pretty cool:

http://www.stumbleupon.com/su/2A4GUN

[themadscientist]

As if I didn't think of that. My gold silver and tin is protected by steel, lead, and brass.
http://s119.photobucket.com/albums/o141 ... g_0001.mp4

[themadscientist]

Hey TMS, earlier in this thread, I think we were discussing the state of disrepair of out country's interstate system. I ran across this a few days ago and thought about said discussion. The tech isn't perfect yet, but I thought it was pretty cool:

http://www.stumbleupon.com/su/2A4GUN

That is crazy cool! Fantastic outside the box thinking. I like it.

[gwoods]

You should learn to reload and buy a tool, if you have not already. Walmart won't be open and 45 acp doesn't grow on trees

My problem will be water there is plenty of everything else.

[gwoods]

Sugarcane makes alcohol and grows like a weed