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The roar you hear in the distance this September will be the sound of banks crashing, followed by the silence of business-as-usual grinding to a halt. After that, the crackle of gunfire.
Historians will remark that it was a beautiful August with bright days and cool nights for sleeping, and the Hamptons were ablaze with self-satisfied egos, and that nobody was paying attention to all the mischief that was set in motion the previous spring, not to mention the many seasons of bad behavior that preceded it. And when they returned from vacation, lo, the world was in crisis. What a surprise.
Anyway you look at it, there is no escape from the looming crisis of confidence. The “primary dealer” banks and commodity exchanges behind the spring gold smash are out of tricks and out of gold to play tricks with. Meanwhile, over in the land of paper wealth, the interest rate on the 10-year US Treasury bond clicks up a basis-point here, a basis-point there, like a remorselessly rising sea level...
Originally posted by Dustytoad
OH the name of the url is against the T and C here so it's not linkable. I see now. Puts an * where a four letter word goes.
Originally posted by benrl
In all honestly how long can people continue to support a system that allows banks to reap the blood sweat and tears of the common man?
The limitation of tyrants is the endurance of those they oppose.
Originally posted by muzzleflash
I will take devil's advocate.
The very "weakness" that everyone says will facilitate a collapse, the imaginary aspect of the economy, is actually the strength of the system that will probably save it from collapse.
It's all about "belief".
If people believe money is worth something, than it is.
Look around you...who believes money isn't worth anything?
There is no way to undo that.
I am afraid the only way the "system could crash" in this paradigm is if the owners/controllers decide a crash is in their interests, and then create one artificially.
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
Originally posted by RedShirt73
One question that's been bugging me lately. The US government is saying that their in a recovery as we can hear all over the MSM and from the political meatslabs. Yet there are cities/towns in the US that are going bankrupt??? I may have just had a stroke or I might be alittle slow on the uptake but this doesn't sound like a recovery more like the beginnings/early stages of a major collapse. Can someone please explain this to me???edit on 7-8-2013 by RedShirt73 because: (no reason given)
Originally posted by SirMike
Kunstler's been predicting this foe 20 years, wake me up when he's finally right.
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
Originally posted by conspiracytheoristIAM
reply to post by muzzleflash
Muzzleflash,
When it takes a wheelbarrow full of dollar bills to buy some groceries, our belief systems will rapidly change.
Originally posted by SirMike
Kunstler's been predicting this foe 20 years, wake me up when he's finally right.
The best estimates of when this will actually happen have been somewhere between now and 2010.