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"Currency Collapse", Short Vid

Sanders
post Dec 1 2009, 12:37 AM
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Four minute concise explanation of how the value of a currency gets destroyed.


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albertchampion
post Dec 1 2009, 01:33 AM
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another incident in the continuing "reichstag fire"....

this will not play out benignly, i think.

the stock market has been completely manipulated over the last year - virtually only the agents of the fed/treasury playing.

the billboard for the banksters, cnbc, [and other hucksters - think john mauldin] continue to ignore the accuracy of shadowstats.com, which reveals an economy of an unemployment of 20+%[more importantly, discusses how the usg hides this reality].

there are other indispensable sites, lemetropolecafe, jessescafeamericain. to name but a few.

if you extrapolate the information from these resources, then you might conclude that all the "paper" currencies of the world are going to be collapsing. dollars, yen, euros, et alia becoming statutorily devalued within the next 12 months. what will be the ratio of devaluation? 1:5, 1:10, 1:20? no matter the ratio. for no matter what it will be, virtually all holders of paper currency will be wiped out. impoverished.

holding gold, silver. some think that will be the key to surviving the erstwhile stalinist states. until recently, i thought that might be a mechanism of protection. and i hold a significant amount of physical - in manifold forms. but after the swissies caved to the stalinists, i am no longer certain of the sanctity/security of any "real" money/currency.

i remember some decades ago in houston when the vietnamese community was flourishing in houston. their stores and restaurants took no credit cards. greenbacks from the round-eyed big noses were accepted. but there was a scale at the register, calibrated to weigh gold. and the vietnamese patrons settled their accounts in gold.

that lasted for a year or two. until the treasury agents discovered that. within a few months, treasury raids eradicated the usage of gold as currency. that vietnamese restaurant, business community disappeared.

so, it is now becoming my prediction that owning/using gold and silver might get you nowhere other than a jail cell. and the appropriation of your precious metal assets.

the only way to protect yourself, your assets, is to figure out where to hide. and how to get there with your current assets intact and useable, undevalued, for the future.

regrettably, in this incipient stalinist planet, i can think of no safe harbor.

will renascent feudalism triumph?
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Timothy Osman
post Jan 8 2010, 08:56 PM
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2010 food crisis predicted to create even more financial mess. Its a bit alarmist but there is cause for concern here.

QUOTE
If you read any economic, financial, or political analysis for 2010 that doesn’t mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration.


QUOTE
he 2010 Food Crisis Means Financial Armageddon

Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Iceland’s economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler), etc… In the face of all these challenges, the demise of the dollar, derivative markets, and the modern international system of credit has been repeatedly forecasted and feared. However, all these doomsday scenarios have so far been proved false, and, despite tremendous chaos and losses, the global financial system has held together.

The 2010 Food Crisis is different. It is THE CRISIS. The one that makes all doomsday scenarios come true. The government bailouts and central bank interventions, which have held the financial world together during the last two years, will be powerless to prevent the 2010 Food Crisis from bringing the global financial system to its knees.


QUOTE
Dynamics Behind 2010 Food Crisis

Early in 2009, the supply and demand in agricultural markets went badly out of balance. The world experienced a catastrophic fall in food production as a result of the financial crisis (low commodity prices and lack of credit) and adverse weather on a global scale. Meanwhile, China and other Asian exporters, in an effort to preserve their economic growth, were unleashing domestic consumption long constrained by inflation fears, and demand for raw materials, especially food staples, exploded as Chinese consumers worked their way towards American-style overconsumption, prodded on by a flood of cheap credit and easy loans from the government.

Normally food prices should have already shot higher months ago, leading to lower food consumption and bringing the global food supply/demand situation back into balance. This never happened because the United States Department of Agriculture (USDA), instead of adjusting production estimates down to reflect decreased production, adjusted estimates upwards to match increasing demand from china. In this way, the USDA has brought supply and demand back into balance (on paper) and temporarily delayed a rise in food prices by ensuring a catastrophe in 2010.

Overconsumption is leading to disaster

It is absolutely key to understand that the production of agricultural goods is a fixed, once a year cycle (or twice a year in the case of double crops). The wheat, corn, soybeans and other food staples are harvested in the fall/spring and then that is it for production. It doesn’t matter how high prices go or how desperate people get, no new supply can be brought online until the next harvest at the earliest. The supply must last until the next harvest, which is why it is critical that food is correctly priced to avoid overconsumption, otherwise food shortages occur.

The USDA—by manufacturing the data needed to keep supply and demand in balance—has ensured that agricultural commodities are incorrectly priced, which has lead to overconsumption and has guaranteed disaster next year when supplies run out.


http://www.marketskeptics.com/2009/12/2010...or-dummies.html
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lunk
post Nov 7 2010, 10:00 AM
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http://www.youtube.com/watch?v=igJEYBAd7Go

Looks like it's the End of the Ship
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lunk
post Nov 24 2010, 09:57 AM
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China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade


http://blacklistednews.com/China-Daily%3A-.../13/13/Y/M.html

Anybody have any idea what this means?

Seems sort of important,
i think.
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