Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 12:17:58 GMT -5
The CIA money guy that says we are shortly headed for a economic collapse and will end up back on the gold standard. Intereating views and the guy has credibility not just some Internet hack looking for clicks.
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 12:22:52 GMT -5
Money should be backed by something tangible. 1964 and earlier our coins were made of silver aside from nickles (aside from 1942-1945 war nickles) and pennies. Not that many years prior to that we had gold coins as well. We used to have silver and gold certificates for money. What we have now is just paper and ink and clad coinage.
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Became a Dynasty Defender: Apr 27, 2006 8:58:03 GMT -5
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Post by catzcan on Aug 25, 2015 14:34:00 GMT -5
We are on the edge of losing reserve currency status--voila --our money becomes worthless outside our borders. When that happens, we will have to back it with something--gold, silver, grain--Popsicles--something.The only question about prcious metals is if there is sufficient quantity for the money supply.It's gonna get bumpy. haha
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 14:41:00 GMT -5
We are on the edge of losing reserve currency status--voila --our money becomes worthless outside our borders. When that happens, we will have to back it with something--gold, silver, grain--Popsicles--something.The only question about prcious metals is if there is sufficient quantity for the money supply.It's gonna get bumpy. haha Bartering will become more popular.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 14:55:24 GMT -5
We are on the edge of losing reserve currency status--voila --our money becomes worthless outside our borders. When that happens, we will have to back it with something--gold, silver, grain--Popsicles--something.The only question about prcious metals is if there is sufficient quantity for the money supply.It's gonna get bumpy. haha our military plays a key role in keeping us as the money standard if not for that we would have lost that a while back. As long as our military is #1 our status won't change . The worry is if China and Russia do some deal together like go in the same currency ..m China and Russia could over take us . CHINA and Russia are already calling in a ton of our loans ... trying to squeeze us. If that happens the us wpuld need to combine with Europe. Just many senerios. The more I look at this. We are headed for a collapse and it will be worse than 08 and it's because I stead 9f taking our medicine from the housing g bubble we wanted to skate Scott free ... we will now have to pay a much bigger price. N o it's not Obama fault and prez would have borrowed like mad t9 fix it and ran the presses. They want to get elected again and we are a right now fock tommorow people. By 2017 imo it gets ugly for a long time
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 15:04:11 GMT -5
Older siver coins and/or 1 ounce bars and small denominations of gold coins (1/10 ounces), are important to have.
Put about half your cash reserves in small gold coins and/or silver bars. Dont even give a flip about the current price of either, except on the purchase with our current paper.
Gold and silver will always have some value.
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Became a Dynasty Defender: May 25, 2002 20:20:04 GMT -5
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Post by fiddling on Aug 25, 2015 15:49:28 GMT -5
To bad our currency can't be backed by B.S.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 15:58:29 GMT -5
To bad our currency can't be backed by B.S. Ummmmmmmm it is. but maybe thats the point you were making. For every 1 dollar we have in the fed reserve we owe 77 WOW!!
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 16:06:00 GMT -5
Older siver coins and/or 1 ounce bars and small denominations of gold coins (1/10 ounces), are important to have. Put about half your cash reserves in small gold coins and/or silver bars. Dont even give a flip about the current price of either, except on the purchase with our current paper. Gold and silver will always have some value. I liquidated most of my portfolio a year ago and have most of it sitting in a few savings accounts making a paltry 1.09 % interest my friends and business partners think I am nuts and granted I likely jumped the gun by a minute or 2 doing that but I sleep better at night. I boughtsome Gold a while back in the SD box now but thats actually lost money I am NOT a conspiracy guy like Katman and RR -- but people this is real. There is no way to stop it and it will suck for everyone but get youre money where you can make a little but be able to access it and fast.
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Became a Dynasty Defender: May 25, 2002 20:20:04 GMT -5
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Post by fiddling on Aug 25, 2015 16:07:41 GMT -5
To bad our currency can't be backed by B.S. Ummmmmmmm it is. but maybe thats the point you were making. For every 1 dollar we have in the fed reserve we owe 77 WOW!! If all the BS were of real value...
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 16:24:58 GMT -5
Older siver coins and/or 1 ounce bars and small denominations of gold coins (1/10 ounces), are important to have. Put about half your cash reserves in small gold coins and/or silver bars. Dont even give a flip about the current price of either, except on the purchase with our current paper. Gold and silver will always have some value. I liquidated most of my portfolio a year ago and have most of it sitting in a few savings accounts making a paltry 1.09 % interest my friends and business partners think I am nuts and granted I likely jumped the gun by a minute or 2 doing that but I sleep better at night. I boughtsome Gold a while back in the SD box now but thats actually lost money I am NOT a conspiracy guy like Katman and RR -- but people this is real. There is no way to stop it and it will suck for everyone but get youre money where you can make a little but be able to access it and fast. You have me profiled wrong. I just say have zero debt and and tangible assets.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 16:38:51 GMT -5
I liquidated most of my portfolio a year ago and have most of it sitting in a few savings accounts making a paltry 1.09 % interest my friends and business partners think I am nuts and granted I likely jumped the gun by a minute or 2 doing that but I sleep better at night. I boughtsome Gold a while back in the SD box now but thats actually lost money I am NOT a conspiracy guy like Katman and RR -- but people this is real. There is no way to stop it and it will suck for everyone but get youre money where you can make a little but be able to access it and fast. You have me profiled wrong. I just say have zero debt and and tangible assets. Where did I say you had debt or investments ? I just said you were a conspiracy tin foil hat nut job sometimes ............... I stand by that
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 16:54:01 GMT -5
You have me profiled wrong. I just say have zero debt and and tangible assets. Where did I say you had debt or investments ? I just said you were a conspiracy tin foil hat nut job sometimes ............... I stand by that Hell, so far all I've done is agree here.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 25, 2015 16:56:47 GMT -5
Where did I say you had debt or investments ? I just said you were a conspiracy tin foil hat nut job sometimes ............... I stand by that Hell, so far all I've done is agree here. DUHHHHHHHHHHHHHH!!!!!!!!!!!! this is ONE instance I am being a conspiracy theorist nutjob .......... of course you agree here LOL
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 25, 2015 17:05:31 GMT -5
Hell, so far all I've done is agree here. DUHHHHHHHHHHHHHH!!!!!!!!!!!! this is ONE instance I am being a conspiracy theorist nutjob .......... of course you agree here LOL No labels are needed. It is what it is.
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