Global Systemic Rupture

Cigarettes, ammunition, cooking fuel, as well as heating fuel, livestock, viable seeds, alcohol of any sort, as well as sterile bandages and gauze, anti-biotics, syringes, thermal blankets, freeze-dried food.

That's just a small, very incomplete list. All good things to barter with though.

The timing on this could not have been worse....

Arab central banks move assets out of dollar

Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros.

The United Arab Emirates, which includes Dubai, said it was looking to move one-tenth of its dollar reserves into euros, while the governor of the Saudi Arabian central bank condemned the US move as "discrimination".

Separately, Syria responded to US sanctions against two of its banks by confirming plans to use euros instead of dollars for its external transactions.

The remarks combined to knock the dollar, which fell against the euro, pound and yen yesterday as analysts warned other central banks might follow suit.

Perfect storm? A possible trifecta???

EDIT: I dont know how I missed this link.

Treasury Dept. Moves to Avoid Debt Limit

:shk:

[edit on 15-3-2006 by loam]

You think the world could ever benefit from a single currency backed by 1 to 1 reserves and no fractional lending?

Backed up with what though? There wouldnt be enough gold to back a world currency I wouldnt of thought. Maybe a world currency silver standard could be the best way to go.

Originally posted by subz
Backed up with what though? There wouldnt be enough gold to back a world currency I wouldnt of thought. Maybe a world currency silver standard could be the best way to go.

Yep, I kinda had the same idea about the silver. And really, hadn't put much thought into the whole issue, was just a question... There'd obviously be some major issues with it.

Originally posted by TrueAmerican
There'd obviously be some major issues with it.

Yeah lots of international bankers would lose billions by not being able to manipulate international exchange rates. For any sustainable financial system we need to eliminate privately controlled central banks and their ability to print money. I dont think there is too much to it, Lincoln pulled it off and it cost him his life.

There is a theory floating around that the reason the Bush administration seems to be spending up the biggest debt in history because he wants all federal spending to be privatised. When the United States is bankrupt, and has tapped all its reserves (pension funds and emergency financial funds) it will point to corporations as the logical saviours. They have the money to fund everything a federal government could, except they'll sell the idea based on higher efficiency of the private sector. The fact that they'll raise prices for everything from medicine to water wont be mentioned.

It's the only logical explanation for the spending bonanza we've witnessed over the last 5 years.

I don't think the outcome will be some romantic MadMax survival drama. More likely it will be something closer to the early scenes in the movie Cinderella Man. People will begin to lose their jobs, their homes, their belongings as they sell-off to survive. Without health insurance or adequate food and shelter the general public health will decline. Businesses will fail. It will be a slow, insidious process. Human nature will prevent most people from recognizing it. To prevent panic the government will lie to us. They'll say things are better than they are. We'll want to believe them and convince ourselves that our neighbors were just a little less fortunate than us. Until it claims us as well.

Originally posted by jtma508
People will begin to lose their jobs, their homes, their belongings as they sell-off to survive. Without health insurance or adequate food and shelter the general public health will decline.

My husband lost his job last year. I don't have health insurance and because I had cancer, I'll never be able to get it again.

Businesses will fail.

My husband's (boss's) business failed.

It will be a slow, insidious process. Human nature will prevent most people from recognizing it.

Exactly! It's happening. People just aren't seeing it yet.

To prevent panic the government will lie to us. They'll say things are better than they are. We'll want to believe them and convince ourselves that our neighbors were just a little less fortunate than us.

You are right on.

Until it claims us as well.

Then the Mad Max stuff comes! Sooner than you know...

Originally posted by jtma508
I don't think the outcome will be some romantic MadMax survival drama. More likely it will be something closer to the early scenes in the movie Cinderella Man. People will begin to lose their jobs, their homes, their belongings as they sell-off to survive. Without health insurance or adequate food and shelter the general public health will decline. Businesses will fail. It will be a slow, insidious process. Human nature will prevent most people from recognizing it. To prevent panic the government will lie to us. They'll say things are better than they are. We'll want to believe them and convince ourselves that our neighbors were just a little less fortunate than us. Until it claims us as well.

You have voted jtma508 for the Way Above Top Secret award. You have two more votes this month.

That is exactly how it will happen.

Originally posted by TrueAmerican
Well, certainly the way these people have combined all these potential factors into such an alarmist title is worthy of note. But as you mentioned loam, the M3 issue is new to me. And I must say, if you combine that knowledge with what resides in the Money Masters videos, this becomes even more alarming, for real. There is something brewing, and it is not good. Watch these videos loam, and you'll see what I am saying.

There is over 3 hours worth, so you better make some coffee. But by the third, you're probably going to need a drink or two.

video.google.com...

Allways thought something was dodgy with the bank of England. Lots of things are making sense now. Thank you for the link.

Originally posted by The Links
Allways thought something was dodgy with the bank of England. Lots of things are making sense now. Thank you for the link.

Your welcome. I agree, a lot of things made sense to me too after seeing those extraordinary videos. I highly recommend everybody watch them, for sure.

I've been away for awhile... been busy, but I had to COME BACK HERE, just because yes, ALL THE CRUD IS ABOUT TO HIT THE FAN...

... there are SO MANY MAJOR finance sites saying that the end is near, and we are talking DAYS away now.

Its really bad, I'm thinking of putting a post together with the whole list of everything that is shaking because, yeah its very very serious whats going on right now.

Originally posted by subz
There is a theory floating around that the reason the Bush administration seems to be spending up the biggest debt in history because he wants all federal spending to be privatised.

I couldnt find the link when I wrote that, but thanks to Benevolent Heretic I now can. She posted it in a ATSNN submission about the UAE. Spooky

Bush Wants To Bankrupt America: There is Method To His Madness

Originally posted by Benevolent Heretic
I think this is totally real and I'm preparing.

Does anyone have any input on what commodity, besides gold, would be good to have on hand? I have looked and I can't really find anything. I'm interested in buying something that could be used as currency if this thing gets as bad as I think it might.

Any ideas?

Check out copper. There's a possibility for copper to rise as well (do some research on it ). But anything tangible should do IMO. I posted an article somewhere about that. I've seen so many of these articles by so many different financial experts that I'm 90% sure that this is going to happen.

And furthermore silver is going to rise as well. You could google "Richard Daughty" or "Mogambo Guru" (same person) to find out more about silver and gold.

And I can't recommed The Money Masters more than those who have here on the board already. The video is extremely important to see, and you will have to get drunk after seeing it (like TrueAmerican said).

Furthermore there is this new movie coming out:
America: From Freedom to Fascism by Aaron Russo

Here's a review of it: Until You Change the Way Money Works… by Michael C. Ruppert


Aaron russo's imdb fimlography There is no entry on the movie as yet, but it's being discussed in the message board below.

www.imdb.com...

And I also recommend the Ron Paul speech to be read and/or viewed by everybody!


The people who are at fault in this whole mess, the international bankers... The biggest FRAUDS and SCAMMERS in recorded history ahould be hanged publicly IMO (and that's coming from somone who hates capital punishment). At the moment, and for the past centuries they've had the majority of the human race as their biyatch.

Thought I'd share this with you guys, kind of bolsters the case for impending financial chaos:



Gold adds $120/ounce (+27%) in 12 months
S ome predict it could reach $600/ounce without factoring in financial rupture.


Silver adds $3/ounce (+40%) over the same period.


Platinum adds $150/ounce (+17) over same period. Not quite as rapid as gold and silver, but then again at $1,050/ounce its hardly the reserve metal of the masses.


Rhodium on the otherhand adds $2,267/ounce! (+%152). What is Rhodium, I didnt know either.

Rhodium is a silver-white metallic element, is highly resistant to corrosion, and is extremely reflective. It is used as a finish for jewelry, mirrors, and search lights. It is also used in electric connections and is alloyed with platinum for aircraft turbine engines. Another use is manufacturing of nitric acid and used in hydrogenation of organic compounds. Rhodium usage is dominated by autocatalyst applications where it is used together with platinum and palladium to control exhaust emissions

Rhodium

Definately food for thought.

[edit on 16/3/06 by subz]

Senate Passes $2.8 Trillion 2007 Budget

The Senate on Thursday passed an election-year budget plan forsaking President Bush's tax cuts and Medicare curbs, hours after lifting the ceiling on the national debt to $9 trillion.

I read that is $30K for every individual in the Nation....

THIS IS INSANE!!!

EDIT: Here's more...

US spends its way to 28 Eiffel towers: made out of pure gold

IF YOU are worried about how much you owe on your credit cards, this might put things in perspective: America’s national debt limit was increased yesterday to $9 trillion. That’s $9,000,000,000,000 — enough to buy Buckingham Palace 9,000 times.

The increase, passed by Congress, allows the Government to borrow another $781 billion (£447 billion), increasing the national debt limit — the maximum America can borrow — from $8 trillion and $184 billion to $8 trillion and $961 billion.

More...

[edit on 17-3-2006 by loam]

I'll make it short.

The one who owes money is always being pwned... With those huge debts, the U.S. government is somebodies biyatch.

In virtually all recent wars the governments involved have made huge debts. Debts to whom would that be? Who is profiting from loaning money (with interest!) to governments in times of war.

It's time to take a look at the financial history of virtually every war in the last few hundred years.

UAE, Saudi considering to move reserves out of dollar

WASHINGTON — A number of Middle Eastern central banks said on Tuesday they would seek to switch reserves from the US greenback to euros.

The United Arab Emirates said it was considering moving one-tenth of its dollar reserves to the euro, while the governor of the Saudi Arabian central bank condemned the decision by the United States to force Dubai Ports World to transfer its ownership to a ‘US entity,’ the UK Independent reported.

“Is it protectionism or discrimination? Is it okay for US companies to buy everywhere but it is not okay for other companies to buy the US?” said Hamad Saud Al Sayyari, the governor of the Saudi Arabian monetary authority.

The head of the United Arab Emirates central bank, Sultan Nasser Al Suweidi, said the bank was considering converting 10 per cent of its reserves from dollars to euros.

More...

First the toe, then the big plunge?

So much for the naysayers who said the Euro would not receive traction in this area.

Stay tuned...

And what about Dick Cheney telling Paul O'Neill during a Cabinet meeting, 'Reagan proved deficits don't matter. We won the (2002) midterms. This is our due." ?

He clearly knows something that makes the balooning deficit unimportant.

Well if the markets are worried the Volatility Index isn't showing it.





The higher this index goes, the more "worried" the markets are.