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Post by 2ncrca on Mar 22, 2011 12:49:27 GMT -5
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Post by Michael Downing on Mar 22, 2011 12:58:55 GMT -5
A voice crying out in the wilderness. I have little hope that they will listen to the one "hawkish" voice within the Fed but at least someone is trying. Of course his "perhaps has done too much" in reference to teh Fed's actions is a bit underspoken....
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Post by stoner44magnum on Mar 22, 2011 15:25:35 GMT -5
Too little warning too late. One small voice in the wilderness will not have any affect upon TPTB because their plan is afoot and very close to being ready to bring to fruition.
The morning talk radio show I listen to has a financial guy (investment adviser) on and I believe he is trying to make as much money as possible before things fall apart because he knows what is coming. He always tries to paint a very rosy picture when talking about the economy.
I sent an e-mail to the host asking him to ask the investment guy, how he can see a rosy picture for the economy when all levels of government are sinking in debt and so many indicators are tanking (UN-employment, foreclosures, skyrocketing energy and food prices (NOT included in the govt's inflation numbers by the way) and the devaluation of our dollar)?
The reply I received on air was that I needed to get out of my area and see how things were around the country and that I was using "linear" thinking..... He did not mention anything about my main government debt question. He mentioned the linear thinking letter writer for a week straight trying to make me believe all is well and also trying to make me look stupid. So I sent in another e-mail asking him to talk SPECIFICALLY about the debt question and how it will affect the economy. I also said that I knew he had to tell folks things were looking good because if folks are scared they will not give him their money to invest and then he has no job. I never heard another word about my first letter nor my second. I think many in the market know what is coming, what I don't know is why more are not speaking up? Do they believe there is nothing that can be done to stop this runaway train that is careening down an unfinished rail?
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Post by brocktownsend on Mar 23, 2011 12:41:38 GMT -5
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Post by Michael Downing on Mar 23, 2011 13:04:23 GMT -5
Making as much money as possible before things fall apart is like taking one huge breath of air before you go under for the last time. you still drown. Umless the currency that is made now is transferred into something with intrinsic value all you are elft with is a bigger pile of useless currency. Helpfull only if you did not staock up on a large quantity of toilet paper before the crash. Not as valuable as real toilet paper as it has little to no absorbancy and isn't squeezably soft like Charmin.
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Post by brocktownsend on Mar 23, 2011 13:41:40 GMT -5
We've always got leaves!
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Post by stoner44magnum on Mar 23, 2011 14:37:23 GMT -5
Making as much money as possible before things fall apart is like taking one huge breath of air before you go under for the last time. you still drown. Umless the currency that is made now is transferred into something with intrinsic value all you are elft with is a bigger pile of useless currency. Helpfull only if you did not staock up on a large quantity of toilet paper before the crash. Not as valuable as real toilet paper as it has little to no absorbancy and isn't squeezably soft like Charmin. Exactly! I've been asking some of my gold and silver buying friends whom are NOT buying any food and related survival supplies if they can eat their precious metals?? The reply I usually get is, "Well, with my silver or gold, I can buy food." Of course I respond logically, " From whom exactly are you going to buy food? People who DO have it, are going to have a limited supply and are NOT going to sell it to help you stay alive because you were not smart enough to prepare." I continue, " You may find someone whom MAY let you WORK for food and you probably will NOT like the work you will have to do to get it." I may feed someone for digging an outhouse pit, no check that, I have a septic system, so I don't need an outhouse.... I may feed someone if they carry water from a neighbors pond to fill my reserve containers for water......Well shoot, I have a well with a man powered hand pump so I guess I won't be needing anyone to do that for me either. Well, I may feed someone to haul firewood for me..... Umm, nope, I have a couple years of firewood cut, split, and stacked as well, so I guess I don't need any help there either...... I guess I won't be feeeding someone for chores afterall I hope their precious metals are tasty....
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Post by brocktownsend on Mar 23, 2011 14:41:32 GMT -5
90% silver coins, especially dimes, are worthwhile for trading. Mine have tripled.
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Post by avordvet on Mar 23, 2011 15:53:28 GMT -5
90% silver coins, especially dimes, are worthwhile for trading. Mine have tripled. Ah, those dimes are faded and used, I'll give you five cents apiece for them...
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Post by safetalker on Mar 23, 2011 16:22:37 GMT -5
I am not all crotchety old man, just most. I have to ask this question though. The day after the Federal reserve and all of the FIAT money banks close, exactly what will silver and gold be worth? How many silver dollars will it take for a gallon of milk , or a Box of 45ACP rounds, or a gallon of gas? The reason that I ask is that on that day I feel that the 45ACPs and the milk will be the investment of the day. I started about 6 months ago to establish myself for working for trade. I have folks bring me a Computer for repair and pay me in bullets. I fixed one last weekend for 50 rounds of 380. When I ws called for Jury duty I notified the County Sheriff that my time is worth $25.00 per hour payable in CIRCA 1789 US Dollars. I was dropped from the Jury pool. I noticed that many of the Mexicans at the flea market trade their goods for fruits and vegetables. They understand, so should we all. The money is worthless except to buy trade goods.
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Post by avordvet on Mar 23, 2011 16:36:47 GMT -5
Should SHTF, money will be still traded for a short time until people realize the value is zero... so plenty of time to dump the cash.
As for Precious metals and stones, they have had "value" since the beginning of time and they will continue to have that same "value" in the future.
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Post by brocktownsend on Mar 23, 2011 17:21:57 GMT -5
Should SHTF, money will be still traded for a short time until people realize the value is zero... so plenty of time to dump the cash. As for Precious metals and stones, they have had "value" since the beginning of time and they will continue to have that same "value" in the future. Certainly, and I went with the dimes since Survival seemed to think a smaller amount would be more easily traded and I have a video somewhere from California a year or so ago that shows a store that accepts 90% silver coins and they preferred the dimes also. Today "$2.7069 is the rounded silver value for the 1946-1964 silver dime on March 23, 2011. This is usually the value used by coin dealers when selling these coins at melt value." & $2.7093690099 is the total melt value for the 1946-1964 silver dime on March 23, 2011. which isn't much more! Always check the 1965 dimes though, because a few were made in 90% silver by accident and or worth about $10K.
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