This can't go on for ever can it?? At what point will the dedt become to large to carry? I hear reports that it could be at anytime and others that it may take a decade? WHAT DO YOU THINK? Imagine if, as a household, you went into debt deeper and deeper every year. You announced your intentions to do so periodically, and as you went along, you consistently spent around 2 times more than your income. Would you be viewed as less reliable over time? When considering wealth management, the best financial information comes to us (and everyone else) courtesy of the U.S. debt numbers. With a debt to GDP ratio now at 105%, the U.S. crossed the significant 100% threshold around the beginning of the year. The deeper into debt the U.S. and other countries around the world go, the less valuable the dollar and all paper currencies becomeand the higher gold is valued. It will soon take more than $2,000 dollars to buy a single ounce of gold.
In order: - Yes. - Never in a 'global interconnected system'. - That ain't a question. - It will fall eventually, but the Masters will have complete control. Mad Max will not win this 'war'. We will walk into our own fabricated cages. - Yes. SUMMARY: What can 'we' the minority do? Occupy Wall Street was a failure, as will any other protesting. Media is king. He who controls the media controls the mass population minds. Just sit n wait for the FED Detectives to knock on your door. As for me, I will wait for them in an underground bunker (and I have no doubt they will find me). Enjoy life while you can.
No. Those ideas are from observations. Zerohedge is one of my fav places to hang out, and I have not even visited ZH for yonks (i.e. probably over 3 months now). :O /Added Sorry Grinners. I now assume you are referring that comment to the original poster. .
No Nobody knows Yes and Yes Well if you'd been able to pull it off for 5 or 10 years running, everyone would think you were a genius Perhaps, in the long run. I hope you're not laying any short term bets on this.
IMHO, Nov 2012 Paul Vs. Obama... Obama wins BSHTF X 2^100000 OR Obama will bring real change and hope
The longer it goes on, the better you can be prepared. Don't wish for the end or sit and wait. Make hay while the sun still shines.
"However, US total debt is much higher if GSE (government sponsored enterprise) debt, including agency-backed mortgages, is included in the figure. Data from Morgan Stanley and from the Financial Times (both use figures from the Federal Reserve) puts total US debt at more than 350% if asset-backed securities issued by the financial sector are included. The Economist, in its June 26th 2010 issue, calculates US total debt as equal to 360% as percentage of GDP at the end of 2009. However, in the online version of the same edition the magazine uses a different methodology - removing asset-backed securities and putting US total debt at 300% at the end of 2009." Here's my source: http://www.gfmag.com/tools/global-database/economic-data/10403-total-debt-to-gdp.html#axzz1lpSyO2i2
I dont know about you guys, but I think I'v learned a few lessons: 1. Nothing is fixed. Try as you might, but there is every possibility no matter what you do, you could come unstuck. 2. Don't panic or be fearful of circumstances. There is a saying - If a situation is undesirable and you have some power to change it, why worry. If you have no control, why worry. Worrying actually serves no real purpose. You may think it prompts you to change direction in order to survive a threat - it may be mildly true, but who here thinks clearly when you are in a state or worry/confusion/fear. I know I don't. 3. Don't be in asset classes in the hope of getting 'rich'. It is so prudent to remember that as you get rich, someone gets poor. It's the nature of the system. By having a disregard to others' welfare is a state of decline of the mind and is a negative state of being. 4. Be in asset classes to protect yourself from being exposed to situations similar to what we are in the midst of now. Being foolish and being a martyr doesn't do much for your well-being. 5. Praise those who are successful and be joyous for them. How better way to be happy than to be happy for both your own successes and the successes of others! 6. Being constantly suspicious, miserable, naysaying, and negative doesn't change worldly outcomes in any real longterm, meaningful way. All it does is make you look exactly how you think. 7. There is a difference between being positive and naive. Naivity has its roots in ignorance. Positivity is a realisation of the situation but focuses on positive causes, actions and the benefits any situation can bring. A good example is being around someone who has a tendency to bring everyone down - this is a perfect opportunity to practice patience with this person.
Agree with you wholeheartedly But its hard to not worry when things seem so potentially ugly on the horizon. And we are teetering on the steep slope, loose rocks underneath our feet, looking at the upcoming abyss growing rapidly nearer. Its almost like we are playing poker at a rigged casino, and you just know the dealer is holding all the Aces. But like you say .. preparing is the best way, even if just stacking some silver and gold for a rainy day. Just worries me that the PTB that put the worlds economies in this mess, also can manipulate and hold down the Gold and Silver markets, to their own devices, like regular shorting on silver. Whether we like it or not .. we are at the mercy of free markets that are anything but. Sometimes I think its good to switch off the PC and say fuck it. Go hug your kids tight, rev em up and smile at their innocence. Try and absorb as much of it as you can and forget about the worlds problems for a while. Works for me
Yep. I agree. Be mindful of what is going on, but don't fixate on it. Normally the ones that worry the most are the ones with the most to lose. It saddened me to hear of all the lives lost during the 2008 GFC - they put all of their worth in the dollars they held. When the dollars disappeared so did their whole wealth (in their own eyes). Be sensible with your finances, but ALWAYS remember not to value yourself in ounces or dollars but as a human. Money can always be earned back.
My theory is that the big boys want Obama to be in office AGAIN (so they maintain control)........so not until after the election in Nov/Dec this year. Engineered financial collapse of the USA wont help him get votes...lol.
Lindsey Williams is still begging, pleading (and getting on his knees if he could) telling people to get out of paper by the end of 2012. When he starts fainting that will be something ...
When we are all so tired of waiting and given up........ decided that it's all OK after all, and sold our stacks.
