Great Depression of 2016

[rufus]

I see American Express is laying off four thousand employees. I sure am glad that recession is over. At least that is what the Democrats say.

 

[hemet dennis]

Quote:
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[hemet dennis]

Gold "certificates" in a realtime depression has the value of the paper they are printed on.Much as the US Dollar has had for the past 25 years. When was the last time they opened the vaults at Fort Knox? 30-40 Years ago? And that took a lot of pressure and gave uncle sam time to haul gold in before reporters and congressman were allowed inside to see the stockpile. In a real time depression who would want to actually posess gold boullion or coins? Who could make change and what would they give you as change back? First person in our town that paid with pure gold and the word got out,soon you would have every low life at your place with a gun at your head looking to rob you.
Our state just enacted the conceal-carry law last year. One thing I find interesting is one country in europe has allowed every citizen the right to carry a gun on their person for decades and this country also has zero crime rate. Now in an all out survive or become fodder situation everyone will have guns. There will be little if any law enforcement in the very early stages when this hits. People by the droves will leave the cities and head to better areas of oppurtunity. Be it for food,or for a more secure thought of life,,but they will come. Us fortunate to live in the rural areas and capable of growing a garden and raising small livestock will be of great interst to a displaced family looking for a chicken meal over a hot campfire. At what point do you then decide to defend whats yours? Over the value of a chicken or rabbit? Or over 2-3 pounds of potatoes you have growing in your garden? When it comes down to this, stealing is still a crime. But are we expected to open our arms and allow all the thugs that wanders in to clean us out?

But But But It's paper that says I have gold !!!

HA HA HA HA

 

[rufus]

Amazingly, though, the last audit of Fort Knox occurred in 1953, right after President Eisenhower's inauguration. Except no outside experts were permitted, and only about 5% of the gold was tested.

http://www.wallstreetdaily.com/2013/07/16/fort-knox-gold/

Well, like my Mama used to say "Trust is the first step to betrayal."

More interesting reading: http://nsnbc.me/2013/04/18/federal-...-audit-of-germanys-gold-held-in-u-s-vaults-2/

Somewhat tedious but interesting reading: http://nsnbc.me/2013/07/31/mystery-about-germany´s-gold-in-the-us-solved/

http://nsnbc.me/2014/10/27/gold-gunfire-hedging-collapse-dollar/

So, it seems that those that refused to turn in their gold to the US government were correct. Sadly, those US citizens that buried their gold probably didn't live long enough to dig it up.

 

[hemet dennis]

Amazingly, though, the last audit of Fort Knox occurred in 1953, right after President Eisenhower's inauguration. Except no outside experts were permitted, and only about 5% of the gold was tested.

http://www.wallstreetdaily.com/2013/07/16/fort-knox-gold/

Well, like my Mama used to say "Trust is the first step to betrayal."

More interesting reading: http://nsnbc.me/2013/04/18/federal-...-audit-of-germanys-gold-held-in-u-s-vaults-2/

Somewhat tedious but interesting reading: http://nsnbc.me/2013/07/31/mystery-about-germany´s-gold-in-the-us-solved/

http://nsnbc.me/2014/10/27/gold-gunfire-hedging-collapse-dollar/

So, it seems that those that refused to turn in their gold to the US government were correct. Sadly, those US citizens that buried their gold probably didn't live long enough to dig it up.

"the end of civilization as we know it"

HA HA HA HA

OH stop it.

 

[rufus]

Well Dennis, we are all entitled to our opinions. Good luck with your personal investment plan. Time will tell us how the thing works out.

 

[MrsBrooke]

Well Dennis, we are all entitled to our opinions. Good luck with your personal investment plan. Time will tell us how the thing works out.

X2

MrsB

 

[rufus]

Well, it seems to me that if we can figure out who is manipulating the gold market, there exists an opportunity to profit. If those forces have picked a point at which they will enter the market selling to depress the value, then we would know how to do our own transactions. Is it possible someone is selling shorts and then depressing the market later to cover?

Would the US government do such a thing?

http://www.investopedia.com/terms/s/shortselling.asp

Just now, where is all of the gold deposited in the US government?

 

[rufus]

Well, I see IBM is planning a big layoff. They will furlough some employees also.

I sure am glad this recession is over, or is it?

 

[MrsBrooke]

I'm amazed that people REALLY believe this can go on forever.

We have been led to this wildly inflated precipice through QE, banks investing, corporate buy-backs, and super shady financial dealings.

Where do they think we go from here?

MrsB