its not going to happen , so what now

craig12 said:
that would lead me to ask then, the Gerald celantes, mike maloneys, peter schiffs, of this world are they just beefing up pm,s with these scare tactics, unfortunately ive got on this you tube train and I don't know who to believe now,
they all tell you 1st quarter 2013, then 2nd quarter , then more likely 2014, then maybe possibly then , these people like max keiser, alex jones , whos side are they on ?
they seem to be stating some scary stuff but they keep producing more stuff every week
theres a you tube guy I think its x22 report, my god if you listen to it youll be more confused than ever

in short im not sure if the raft of commentators, gurus, metal experts, are in it for themselves or they know something we dont
Click to expand...

I have similar thoughts, and I also know that 'Chicken Little' is a real character. Some people want a war, a collapse, anything to end their miserable humdrum lives and so they spend their lives wishing and hoping for decisions to be taken out of their hands.

I see the 'doom and gloomers' pandering to that segment and wonder the same thing - are they just boosting their PM businesses.

For an antidote I read Nadeem Walayat.

http://www.marketoracle.co.uk/UserInfo-Nadeem_Walayat.html

UK based but a lot of sound investing advice and a good perspective on what the future may hold. His words on Gerald Celente are particularly apposite.

Apparently the straw that broke the camels back was the bad U.S. GDP data for Q1 of just 0.1%, currency devaluation and Fed QE. Though off course the GDP numbers for Q1 were bad, this was more or less EXPECTED, apparently all it takes is a few days of sunshine for everyone to have forgotten snowmageddon for much of Q1.

This is what I expect to happen for Q2 - A STRONG U.S. economic rebound that recoups much of the weakness of Q1, in fact I would not be surprised if U.S. April to June GDP comes in as high as above 1% (including any upwards revision to Q1), never mind collapse!

Now back to Gerald on his expectations for Q2 economic collapse, great to finally have a date on it!

Though googling I can see that according to Celente the U.S. was supposed to have already collapsed about a dozen times by now for instance in this video of 25th Oct 2013 the U.S. was supposed to have collapsed in Q1 2014 when it GREW by 0.1%!

"I believe it is going to happen in the first quarter of 2014". To save you listening to the whole 23 minutes fast forward to around 16.30.

If everything is still ok by 1st July, I guess the next video will say economic collapse by end of Q3, then Q4, and on and on it goes....
Click to expand...
 
craig12 said:
well we keep hearing of the world crash, dollar crisis, but it dosent seem to happen does it?, more you tube clips of world crash, etc,etc, but nothing happens, im only getting into stacking because of the world crash , but if its not going to happen why stack,
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Just seeing the title of this thread makes me want to buy more silver. Can't wait to get my second ounce!

When even the elect that know better and are on Silverstackers think that everything is going to be fine, then Houston we have a problem. Problem is I don't have enough silver.

Who knows about the world crash but I sure know that this situation will continue to change. Either a deflationary depression or continuing Biflation/Stagflation.
 
I hope it is not going to happen, but I am keeping a close eye on the developments.

If it'll happen in 2017 or in 2019 or in 2019 or in 2 months time, you will regret if you haven't prepared for it in time.

Watch the following developments closely:
*Russians are ditching the dollar, selling their petrol, gas and all commodities in rubles - another big hit to the dollar
*Chinese economy slowdown (there is a "Chinmerica" phenomenon, if you know what I mean... so the dollar gets hit as well)
*China stopped buying dollars for the sake of building forex reserves in it
*there is this fuss around shale oil, which could be a signal to the fact that there is less "conventional" oil
*if oil prices go up when many countries will have already bypassed the petrodollar system, then it will hurt the dollar tremendously
*as we witness more and more currency wars, trade wars, energy source scarcity, the more vulnerable currencies will be - eventually the events will reflect in the currencies' strength
...

The trends are intensifying and we're even closer to the collapse.

Gold and silver prices went down because of massive sell-offs.

Should there be any reason to buy gold again, people will get in and the price will increase.
 
I do not wish to sound cruel and heartless, but if anyone is so blind they cannot see the writing on the brick wall dead in front of us, then too bad, let them, their wives, and kids starve to death.


JMO


OC
 
Pirocco said:
Ronnie 666 said:
Since 1913 it has lost 97% of its purchasing power -what we are arguing over is the last 3%
It has already collapsed
Click to expand...

Essentially, the dollar has crashed dozens times. The name went on, but its value didn't. This renders the statement that the dollar won't die to a nothingsayer. The value matters, not the name.
Click to expand...

I don't entirely agree. Since the Continental currency and Lincoln's greenbacks collapsed the subsequent forms of the US$ has been on a gold/silver and bi- metallic standard of some sort and it is only since Nixon closed the gold window in the early 1970's has the current fiat form of the dollar emerged. As you all know the dollar (from Thaler ) is a measure of silver (371 grains to be exact). Since that fateful date in August 1971 the current dollar was born which has no baring on its original definition. It has devalued 15x since 1971. The current $ has not crashed or devalued to "0" yet, but it is coming. I think we all agree on that, it is just the timing that we differ on.

I love those remarks that it will take generations, I suppose it depends on which species one is talking about. I can't predict anything with certainty as none of you out there who believe it will continue for decades, can. My intuition is that unless you are in your late seventies, or are struck down prematurely by some unfortunate event you will witness this collapse. In other words this current decade. Just my take on it. I have witnessed a severe inflationary event and the speed is breathtaking.
 
Ronnie 666 said:
... you will witness this collapse. In other words this current decade. Just my take on it. I have witnessed a severe inflationary event and the speed is breathtaking.
Click to expand...

Please tell me where did you witness the "inflationary event"?

Personally, I did witness one and I know it happens during severe financial shifts. Like: from one financial system to the other. It's almost impossible to make a smooth shift while maintaining the purchasing power of the current/previous currency.
 
Old Codger said:
I do not wish to sound cruel and heartless, but if anyone is so blind they cannot see the writing on the brick wall dead in front of us, then too bad, let them, their wives, and kids starve to death.


JMO


OC
Click to expand...

OC,

OMG that is so cruel!!!

Whilst I agree with your thinking on the vast majority of things and we run along the same lines. I often think if confronted by starvation what I would do?

Some people do probably deserve to starve but it certain isn't joe and jane public, to me they are victims of the unbridled brainwashing corp. between the media, government, medical, legal and other systems of control and abuse run by genuinely evil people. These guys are likely to suffer a terrible fate and trust me on this one, we're all going to be dead a lot longer than we were alive and eternity is long long time.

Something that i take comfort in is the absolute scientific absurdity of "abiogensis" but does that mean that people who trust the self proclaimed "scientists" deserve Hell? Hmm... luckily I am not the judge but I hope that the innocent will be spared both Hell and starvation but I know my hope is probably in vain.
 
TreasureHunter said:
Ronnie 666 said:
... you will witness this collapse. In other words this current decade. Just my take on it. I have witnessed a severe inflationary event and the speed is breathtaking.
Click to expand...

Please tell me where did you witness the "inflationary event"?

Personally, I did witness one and I know it happens during severe financial shifts. Like: from one financial system to the other. It's almost impossible to make a smooth shift while maintaining the purchasing power of the current/previous currency.
Click to expand...

I prefer to to divulge this on line but lived in a place several decades ago where the local currency devalued from 1:1 with the US$ to 4:1 over just a couple of years. Not hyperinflation but inflation bad enough that it changes the mentality of the population and savings vanish. No one saves and you spend as fast as you earn. Nothing is smooth and the rapidity is scary. This was only a taste of what I think is to come to the US and other indebted Western Countries.
 
"Nothing is smooth and the rapidity is scary"

I have read this so many times over the years, from so many sources, often polar opposites on many issues, that I do not even question it.
Like a tsunami that comes with no time to run to higher ground.
The event occurs must faster than supposed, and recovery takes much longer than supposed.

I am not fully prepared now, hoping for the best for a few more months.
 
At the moment, the USD is inflated with 55% since september 2008. It fluctuated between 35 and 43% over 2011-2013, then suddenly rapidly accelerated.

(billion dollars)

Reference point 2008 ahead of the financial crisis/US recession.
Data synced with 2 days bias.
BASE 2008-07-30 876.411
EXCRESNS 2008-08-01 1.875
RESBALNS 2008-08-01 10.454
RESBALREQ 2008-08-01 8.579
NetBASE (EXCRESNS method, discontinued in 2013) 876.411 - 1.875 = 874.536
NetBASE (RESBALNS - RESBALREQ method) 876.411 - 10.454 + 8579 = 874.536

Offset point 2014, around start march
Data synced with 4 days bias.
BASE 2014-03-05 3897.582
RESBALNS 2014-03-01 2623.027
RESBALREQ 2014-03-01 78.471
NetBASE (RESBALNS - RESBALREQ method) 3897.582 - 2623.027 + 78.471 = 1353.026

1353.026 - 874.536 = 478.49 billion USD that entered circulation since 2008, or 2008 +55%, 50% of it being banknotes/coins.
In the EU, it increased with 37%, and didn't see that sudden rapid acceleration.
Since september 1997 (16-17 years), both circulating USD and Euro nearly exactly 3-folded (+200%).
Between september 1987 and september 1997 (10 years), circulating USD were printed +117%

What does a crisis mean? That the producing population part has not enough left after the thieves passed? Governments try to "regulate" their theft in such a way that they just can. But at some point, that regulation becomes so extensive and complex that they fall over their own foot. Just try to see it as an outside observer. Countries became police states. Governments control/check everything, as to leave no escape for their massive theft. Eventually, they will succeed, to then fail when facing with the consequences that leave the cost of stealing higher than what is stolen, upto nothing left to steal. Making it for them as hard as possible, is the first step towards the failure of the centralities.
 
Compulsory 3rd Party is, but not coverage of your vehicle, or the Rolls Royce you run into.


OC
 
Ronnie 666 said:
TreasureHunter said:
Ronnie 666 said:
... you will witness this collapse. In other words this current decade. Just my take on it. I have witnessed a severe inflationary event and the speed is breathtaking.
Click to expand...

Please tell me where did you witness the "inflationary event"?

Personally, I did witness one and I know it happens during severe financial shifts. Like: from one financial system to the other. It's almost impossible to make a smooth shift while maintaining the purchasing power of the current/previous currency.
Click to expand...

I prefer to to divulge this on line but lived in a place several decades ago where the local currency devalued from 1:1 with the US$ to 4:1 over just a couple of years. Not hyperinflation but inflation bad enough that it changes the mentality of the population and savings vanish. No one saves and you spend as fast as you earn. Nothing is smooth and the rapidity is scary. This was only a taste of what I think is to come to the US and other indebted Western Countries.
Click to expand...

If you are talking about Argentina in 2001, they seem to have a currency crisis at least once a decade. It is hard for people to believe that in the early 1900s, Argentina was one of the wealthiest and most prosperous countries on the planet. Argentina is a testament to how much government can screw up a country. If the government will stop screwing things up, Argentina has the mineral wealth to once again become a prosperous country.

http://landingpadba.com/2001-argentine-economic-crisis/ See halfway down the page regarding the peso devaluation.
 
dccpa said:
Ronnie 666 said:
TreasureHunter said:
Please tell me where did you witness the "inflationary event"?

Personally, I did witness one and I know it happens during severe financial shifts. Like: from one financial system to the other. It's almost impossible to make a smooth shift while maintaining the purchasing power of the current/previous currency.
Click to expand...

I prefer to to divulge this on line but lived in a place several decades ago where the local currency devalued from 1:1 with the US$ to 4:1 over just a couple of years. Not hyperinflation but inflation bad enough that it changes the mentality of the population and savings vanish. No one saves and you spend as fast as you earn. Nothing is smooth and the rapidity is scary. This was only a taste of what I think is to come to the US and other indebted Western Countries.
Click to expand...

If you are talking about Argentina in 2001, they seem to have a currency crisis at least once a decade. It is hard for people to believe that in the early 1900s, Argentina was one of the wealthiest and most prosperous countries on the planet. Argentina is a testament to how much government can screw up a country. If the government will stop screwing things up, Argentina has the mineral wealth to once again become a prosperous country.

http://landingpadba.com/2001-argentine-economic-crisis/ See halfway down the page regarding the peso devaluation.
Click to expand...

Agreed but it's not Argentina. As one who is familiar with the events in Argentina, what is the USA doing now that is different to Argentina in 2001.
 
craig12 said:
that would lead me to ask then, the Gerald celantes, mike maloneys, peter schiffs, of this world are they just beefing up pm,s with these scare tactics, unfortunately ive got on this you tube train and I don't know who to believe now,
Click to expand...

I've carefully followed a number of 'experts' for years - evaluating their predictions and scrutinizing possible ulterior motives. For me, the person at the top of the heap is Jim Rickards. He doesn't make grandiose one-sided predictions, but lays out possible scenarios and the signposts to identify the path we're taking. Find your mentor, follow them closely and always have an open-mind for alternative views.
 
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