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Old 08-21-2012, 03:29 PM   #11
figatova
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Quote:
Originally Posted by TheEngineer View Post

"For 30 years - from the 1940s through the 1970s - our total credit market debt was moderate and entirely reasonable," he says. "But then in seven years, from 1970 to 1977, it quickly doubled. And then it doubled again in seven more years. Then five years to double a third time. And then it doubled two more times after that.
Makes perfect sense. In the early 70s OPEC under US pressure agreed to have the dollar as the petrocurrency in exchange for US support for their theocracies and against any internal coup/unrest demanding democracy.

Say hello to free money. The US printing presses started working overtime thanks to the newly stablished status as the dollar as the reserve currency and the start of petrodollar recycling through the newly acquired oil producing client states. Or in other words, fuck backing the dollar with gold when you can back it with oil, even if that is ultimately doomed to failure, because we're banks so we only care about short term profit and ourselves so our country and the majority of people in it can go get fucked.

That allowed the US, until very recently, unlimited borrowing but of course in order to keep that con job going you need more petrodollar client states, that's the reason why Iran and Venezuela are evil and will get the 'liberation treatment' unless they embrace the dollar again. Same reason why Saddam and Gaddafi got 'democraticised'.

Regardless, even installing pro-US puppet governments in Libya, Iran and Venezuela won't solve the problem, it will only delay the facepalm, but once again, we're talking about corporate elites running a government just like they would run a corporation, short term profit is king, even if at the expense of long term failure, but that's ok, the taxpayers will pay for that, again.
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Old 08-21-2012, 03:39 PM   #12
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From a doom and gloom blog, some interesting tidbits after the jump.
(links to the sources are embedded within the text , some of the links are questionable, some are rock solid, you decide...)
Quote:
If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are "connected" have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen. Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves. In fact, they appear to be rapidly preparing for something really big. So exactly what are they up to? In a previous article entitled "Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?", I speculated that they may be preparing for a financial meltdown of some sort. As I noted in that article, more than 600 banking executives have resigned from their positions over the past 12 months, and I have been personally told that a substantial number of Wall Street bankers have been shopping for "prepper properties" this summer. But now even more evidence has emerged that quiet preparations are being made for an imminent financial collapse. That doesn't guarantee that something will happen or won't happen. Like any good detective, we are gathering clues and trying to figure out what the evidence is telling us.



Why Is George Soros Selling So Much Stock And Buying So Much Gold?


I am certainly not a fan of George Soros. He has funneled millions upon millions of dollars into organizations that are trying to take America in the exact wrong direction.


However, I do recognize that he is extremely well connected in the financial world. Soros is almost always ahead of the curve on financial matters, and if something big is going to go down George Soros is probably going to know about it ahead of time.


That is why it is very alarming that he has dumped all of his banking stocks and that he is massively hoarding gold. The following is from shtfplan.com....
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
What’s equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.


continued==>

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Old 08-22-2012, 03:38 AM   #13
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Quote:
Originally Posted by figatova View Post
Makes perfect sense. In the early 70s OPEC under US pressure agreed to have the dollar as the petrocurrency in exchange for US support for their theocracies and against any internal coup/unrest demanding democracy.

Say hello to free money. The US printing presses started working overtime thanks to the newly stablished status as the dollar as the reserve currency and the start of petrodollar recycling through the newly acquired oil producing client states. Or in other words, fuck backing the dollar with gold when you can back it with oil, even if that is ultimately doomed to failure, because we're banks so we only care about short term profit and ourselves so our country and the majority of people in it can go get fucked.

That allowed the US, until very recently, unlimited borrowing but of course in order to keep that con job going you need more petrodollar client states, that's the reason why Iran and Venezuela are evil and will get the 'liberation treatment' unless they embrace the dollar again. Same reason why Saddam and Gaddafi got 'democraticised'.

Regardless, even installing pro-US puppet governments in Libya, Iran and Venezuela won't solve the problem, it will only delay the facepalm, but once again, we're talking about corporate elites running a government just like they would run a corporation, short term profit is king, even if at the expense of long term failure, but that's ok, the taxpayers will pay for that, again.
I've got to agree with you. I think there's more to it than just that, but at the end of the day it's all about the money. Simple as that. Agreed.
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Old 08-22-2012, 03:55 AM   #14
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funny how soros was saying 'prop up the fiat currencies of the dollar and euro at all cost' earlier this year and now he's gobbling up the gold.


and this...
http://www.reuters.com/article/2012/...87905N20120810

Last edited by 3rd3y3; 08-22-2012 at 04:02 AM.
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Old 08-22-2012, 04:17 AM   #15
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I can't wait.

Im'ma trick out the Taurus with a roll cage and a blower, get me an ugly fuckin' dog and a sawed off shotgun, some leather pants and my knee brace, and it's fuckin' ON dude!

I may be the only one lootin'.... but Im'ma be lootin' anyway.
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Old 08-22-2012, 04:46 AM   #16
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Food and shelter. Have you got them? Can you keep them?

If we all are going to have to relive the Great Depression, those are the only two questions you better have good answers to. The rest will be gravy.
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Last edited by ericredbeard; 08-24-2012 at 03:44 AM.
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Old 08-22-2012, 05:11 AM   #17
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A certain problem with the OP article of type of collapse postulated

Last sentence: "People need to begin to make preparations with their investments, retirement savings, and personal finances before it's too late,"

Why bother if money is gonna be worthless. Investments,savings, and finances when the fiat money will be worthless.

I've seen this shit before. It's a scare tactic to get you to invest in their investment companies. Usually precious metal certificates, not the actual metal. So IF the collapse comes your out of luck, 'cause you can't redeem these 'certs for real assets.

Be careful with this type of shit, because there's almost always a hook.
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Old 08-22-2012, 05:12 AM   #18
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Quote:
Originally Posted by Kristen213 View Post
We can just default, like Ecuador did on its 10 billion dollars in debt. Problem solved!
Exactly
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Old 08-22-2012, 06:02 AM   #19
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I have already planned to convert my IRA to cash in Oct to avoid a market hit. I have been working on my food independence program for a couple years:

Quote:
Originally Posted by driedjello View Post
Attachment 101984

Part of my food independence project. This is the roof over my crow's nest that sits upon a home made water tower. 15 solar panels drive a 9 amp water pump that puts lake water into a large container in the tower. Another solar array open a valve on a timer to water my garden.
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Old 08-22-2012, 06:04 AM   #20
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I am going to have to collar myself a dozen American slaves.
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