Another Bailout? 825 Billion With a 'B' Dollar Bailout? Bye Bye Dollar.

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www.t-nation.com...


WHAT? I know ya'll heard about this, but noone has posted this yet, except in one thread someone mentioned it. well, here we are. we dont even know how the first bailout is gonna hit us when they're already proposing a second bailout. is this like a 3 bailout bills to destroy the dollar thing? or is it only gona take two? you cant get more drunk by putting, for example, water into your liquor. same way, you cant get out of depression by printing more dollars. the world will say f the dollar after this one. and if they dont, they will after the 3rd bailout. cuz knowing the u.s. govmt. they'll beat it till they kill it. and the third bailout would kill the dollar. they're trying to kill the dollar. and they will succeed. so all u ppl talking crap about how we conspiracy theorists just trippin, keep ur money in the bank until next holiday and see what happens. all i got to say to u is f that. im puttin my money into gold where it will be safe, see u next holiday.

[edit on 17-1-2009 by Ponyboy_86]
[edit on 17-1-2009 by Ponyboy_86]

Mod Edit: All Caps – Please Review This Link.

[edit on 17 Jan 09 by Gools]

reply to post by Ponyboy_86


WHICH brings me to this:
www.abovetopsecret.com...

Marc Faber, who predicted the market crash back in 1987 commented that US is borrowing so much in order to save its economy that in the future it might go bankrupt.

Good point. There are alot of people who predicted this. so we see what they're doing and what are we doing? do we need to become weak and powerless before we revolt?

How is investing in Gold going to help you if the money/dollar system collapses?.

Lets say the dollar does collapse, everything is running sky high with inflation, are you going to be walking around with Gold in your pockets and using that to buy food and other necessities with? Or will you have your Gold buried in a bank vault somewhere in which case you have a piece of paper stating you own x amount of Gold? Either way it wont put food on the table or be of any real value in the real world.

The guy that 'invested' his money in land and farming tools etc will be the one that survives, where-as the guy that bought gold instead with his money, will be the one with nothing to trade with.

reply to post by Freelancer


that's so wrong, bro. i am investing in other things. like making my house solar and wind power as well as food.. well and a house that im building. its almost done. and you're wrong about gold though big time. yes sir, i will walk around with gold in my pocket just like in good old days and pay for favors with gold. gold has been around for thousands of years and will always be of value. and i have plenty of farming tools, i got that covered. i been farming since i was 5.

reply to post by Ponyboy_86


just think about it, when you run out of # to trade and you need some kind of "currency" to substitute for the remainder of the price. how is gold not gonna be that "currency" its been that currency since jesus and before that. man cmon.

reply to post by Freelancer


I agree absolutely.

The idea of "wealth" and having "more than someone else" is what has caused all of this mess to begin with.

Having Gold will make you no better off, in fact it'll likely make you a target for other idiots who still hold the belief that "money = security" in a country where survival holds the greatest value.
You'll be able to trade just as easily (in fact probably more easily) with produce instead of Gold.

If I lived in the US right now, I'd be spending a good amount of my income on creating a plot to grow food, a water purification system, and energy production. Next would be security.
I'd also be rallying with neighbors and making a plan to use whatever space we all had to grow varying crops and produce, able to be shared and traded.

People need to start planting now. You need to be forming alliances and smaller communities to support each other.
Food
Water
Shelter
Security

Those are the basics. Most have guaranteed shelter in a time of crisis (lets face it, in a mass collapse the seizure of property will be a low priority for any government), but you don't have a guaranteed food or water supply or security.

But this is what we should have all been doing for the past century.

All Humans should be able to be responsible for their own food production, the fact that harldy anyone does grow anything of use and then complains about the prices of food, just shows how stupid the masses are and how reliant we've become on a system that is out of our control.

Personally, I fail to see how printing more money will solve anything, it's just delaying the inevitable.

reply to post by detachedindividual


I agree with you as well, and i will be growing more crops. we used to grow our own food back in russia. however, all i was saying is that the humans are still greedy and even after the collapse they'll need "currency" to trade with. like gold thats been around for centuries.

Originally posted by Ponyboy_86
reply to post by Ponyboy_86

 

just think about it, when you run out of # to trade and you need some kind of "currency" to substitute for the remainder of the price. how is gold not gonna be that "currency" its been that currency since jesus and before that. man cmon.

It's been a currency as you state in a relatively stable and progressing civilization.
It is not used as a currency in an emergency situation where survival is the priority.

In ten years time when the population have stabilized and trade routes and business are back to relative normalcy, then Gold will be your friend. But by this time there would be a new currency anyway.

Until then, it would be easier to convince a guy down the street that your dozen eggs are worth twenty carrots, than it would be to convince him that he will find another person with a use for gold.

reply to post by detachedindividual


and about the shelter thing, i also agree. i have a big community of 3 families that are working together.(we're all related) and thats how we do it. we grow tomatoes and little things but i wanna kick start it to major growing this spring/summer. i also want to fence the whole community. yea its gonna be every man for themselves but you cant sit there and deny that this is going to come. you cant sit there watching govt print trillions and say(like most americans) "oh, it will be ok" anyone i talk to are saying that the economy will strengthen and regain its momentum.. yea right. watch when gm fails. and chrysler, bank of america, they'll suck us dry before they go but they goin. noones about to start buying new cars all of a sudden.

[edit on 17-1-2009 by Ponyboy_86]

reply to post by detachedindividual


i agree with you. but i also have long term goals.

News flash!!!!

Obama rich will be moved from 250k and above to 80k and above......so those families who make over 80k be ready to pay 38% fed tax. Add in another 15% for State, Med and SS and we will finally be just like all those socialist countries that tax the hard workers 50% plus.

It is time to redistribute America’s wealth…Obama 09

Originally posted by detachedindividual

All Humans should be able to be responsible for their own food production, the fact that harldy anyone does grow anything of use and then complains about the prices of food, just shows how stupid the masses are and how reliant we've become on a system that is out of our control.

So just how do the masses that live in large cities or areas where "land to grow food on" is just not there?

A person cannot just up and move to a place where they can buy 10 acres in the event this becomes needed. Also even those who can do this, what stops a government from declaring their land is now government land and the family is moved to government controlled area.

Right now this is all a fantasy and people cannot live a life based on that when their priorities right now is to secure a good job and provide the best they can for their family and to secure a retirement that allows them to continue in a good life after they stop working.

reply to post by Xtrozero


yea maybe then they'll start listening and realizing who was put in place for president. i say put in place is because we didnt elect him to be there.

Originally posted by Xtrozero

Originally posted by detachedindividual

All Humans should be able to be responsible for their own food production, the fact that harldy anyone does grow anything of use and then complains about the prices of food, just shows how stupid the masses are and how reliant we've become on a system that is out of our control.

So just how do the masses that live in large cities or areas where "land to grow food on" is just not there?

A person cannot just up and move to a place where they can buy 10 acres in the event this becomes needed. Also even those who can do this, what stops a government from declaring their land is now government land and the family is moved to government controlled area.

Right now this is all a fantasy and people cannot live a life based on that when their priorities right now is to secure a good job and provide the best they can for their family and to secure a retirement that allows them to continue in a good life after they stop working.

Hey, I never said it was possible for every family to do it. I simply stated that Humans in general have moved too far from the land to be able to safeguard their own survival.

Every empire fails, and America is the next Empire. History repeats itself over and over.

For what it's worth, you can grow small amounts of food in containers, on balconies, in small plots. You don't need a farm to produce enough food to at least subsidize your food consumption.

Again, my argument isn't that all people should start growing their own food or move to a place that is able to support this. My argument is that people have become too reliant on a system to maintain their own needs. Too many rely on a government to guarantee their basic survival.

People need to wake up to the realization that this is an incredibly uncertain time, and your basic survival is the most important thing.

You have a choice right now, either trust in your government to make good on their promises (ignoring all the evidence that suggests that they know where this is heading and are now only trying to control the inevitable as best they can), or you accept that you alone are responsible for the survival of yourself and your family, if events unfold to a point that is now very likely.

How many times are people going to listen to government telling them everything will be fine, only to see more evidence to the contrary, before they actually think about what could happen?

It seems every week the government is telling you they have a plan to solve this and that, and then something happens to show they haven't fixed it, cannot fix it. And then they tell you again...
It seems to be consistently worse every week but people are still saying over and over that everything will work out just fine.

Denial much?

no no its "got denial?"

The government is trying to offset the huge repercussions that the failure of BOA and CITI would cause. Is it the right thing to do, probably not, but the consequences which have been put off until further down the road would have been much worse.

Eventually, the dollar will collapse and then there will be no bailout needed. There will be a change in the way that we do business.

Paper money will become a thing of the past out of necessity. I believe both gold and silver will also be declared as illegal to use in transactions.

This will be so that the new system of worldwide credit units will be accepted without any competition. Of course things will get very bad before this will happen, with a loaf of bread costing a days wages.

Gold prices go up and down... One moment its worth something the next moment its not... I would go with Land... Seem man is having a tough time making more of that limited commodity.

reply to post by Ponyboy_86
I agree on all points, but I wish you luck in obtaining gold. In Canada, we are already running into problems with the banks redeeming gold certificates, claiming there is no supply. I should have purchased physical gold sooner, before this catastrophe occured.

But even then, do recall that during the Great Depression, the government forcibly took gold from the citizens, and not relinquishing your bars would land you in jail...

Goodbye, fiat currency.