Time check: 400 eastern
Time check: 400 eastern timeDamn, I was pretty close on my call further up thread...Amazing!
View ArticleThat's the plan. I was just
That's the plan.I was just pointing out that even now the real stuff trades at a premium to the paper.
View ArticleHmm... Taxes? Inflation is a
Hmm...Taxes? Inflation is a tax. They do not need to track your money when they can debase it's value on a permanent basis.You seem to assume that governments need a society at all. How come everyone...
View ArticleWhile the odds of this
While the odds of this happening may be small, I don't think it's ridiculous fear-mongering. It is human psychology, is it not? Would you rather have somebody pay you for a good/service by handing...
View ArticleWeimar? We won't have it
Weimar? We won't have it and prayers of this sort won't help Gold either...You are correct about the weimar bit - we won't have it..... because in weimer, it was just one country's financial system...
View Article" there isn’t enough of the
" there isn’t enough of the stuff at the bottom" There is always enough gold to go around. If you save 100k in 65 ounces or in 10 doesn´t matter to a saver. Trust is a factor but between Govt, bankers...
View ArticleI've heard rumors that it is
I've heard rumors that it is something that shallow, trend-sucking, soulless consumerist sheep carry with them as some kind of perverted fetish.
View ArticleSomething to think about
Something to think about every time you see an ad on TV pimping the Visa card instead of cash. Also, if you have a problem with the rich getting richer, stop giving them your money!!!!
View ArticleMany Chinese restaurants in
Many Chinese restaurants in my area give 5% discount if you pay in cash.
View ArticleAnd then force everyone to
And then force everyone to prove how they got it and that taxes were paid on it. This can be difficult when one is guilty until proven innocent -- that's the IRS rule -- and The Man has the...
View ArticleIt's much easier for the
It's much easier for the goobermint to keep the Ben Franklins and force everyone into plastic money. Control over the sheep is more absolute as well.As soon as those Ben Franklins will only buy a...
View ArticleThe President can, if he
The President can, if he decides that using silver as money is a "terrorist" act, put anyone away indefinitely for using that silver dollar as money. This was a nasty rabbit hole that opened up with...
View Articlei used to state with
i used to state with considerable regularity that gold was in permanent and severe backwardation regardless of what the paper markets state....antal fekete is always valuable read....
View ArticleNo - a fiat currency is a
No - a fiat currency is a currency that has value by decree, that's the definition.This statement is wrong:"And gold or silver, it is fiat as well: it only has value in so much as collectively people...
View ArticleThis is a BRILLIANT
This is a BRILLIANT post.lots of good information for people that think and plan.lots of fog for the rest of you........
View ArticleI'll take that under
I'll take that under advisement with someone other than my mom thanks..
View ArticleHammer, meet nail. This is
Hammer, meet nail. This is the problem with the "big thinkers." Everything is theory, until it meets reality.Anybody go to your local coin shop and stack recently? Best I can get is $35 on rounds,...
View ArticleOh, I get it I go to an
Oh, I get itI go to an Indian run Gas station in NJRacewayAnd they charge 3.75 $/gal witha dredit cardAnd 3.65 $/gal for CASH
View ArticleI may have all kinds of
I may have all kinds of "ZH-incompatible" reservations about the popular PM mania (not disagreeing with the fundamentals - just not as sure about them playing out as people popularily...
View ArticleHow Hyperinflation
How Hyperinflation Occurs:http://www.youtube.com/user/TruthNeverTold
View ArticleThe point is that when this
The point is that when this slow motion crash gets nasty squishy, the ATMs will be turned off. The banks will stop giving you cash for the digits showing a credit on your account.Those with actual...
View ArticleHmmm, if you'll excuse me,
Hmmm, if you'll excuse me, I've got a meeting with an escort for a couple hours.
View ArticleI'm currently getting $12-15
I'm currently getting $12-15 of produce for each Liberty bell (90% half) and the (paper) spot price does not seem to matter much. Great way to make friends.
View ArticleA huge paper/electronic
A huge paper/electronic disconnect actually happened in Zimbabwe. This is the kind of thing that Americans will never understand until after it has hit them. The LA Times actually ran an article...
View ArticleAt Sym's, an educated
At Sym's, an educated consumer is our best customer. Cash and carry, if it doesn't in a certain time frame, it was marked down.
View ArticlePray to God we DON'T have
Pray to God we DON'T have Weimar - or any other version of hyperinflation - but what IS the end game when debt is expanding exponentially and governemtns are creating trillions out of thin air? Weimar...
View ArticleImagine waking up to find out
Imagine waking up to find out that EVERYTHING you've saved, everything you earn, is now only spendable - and accessible - under new rules imposed by Big Brother......Besides it's a lot easier to create...
View ArticleActually the drug barons in
Actually the drug barons in South America have been doing a pretty good job too.....Dirty secret - the US LOVES all the illegal business conducted worldwide in cash ($US) - so do the big banks who...
View ArticleSection 31 U.S.C. 5103,
Section 31 U.S.C. 5103, defines legal tender as "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender...
View ArticleOne slight problem. Banks
One slight problem. Banks also create dollars, so the limitation of the government to print is not as influential as the author thinks.
View ArticleBanks don't "create dollars",
Banks don't "create dollars", they create credit denominated in dollars. The author is talking about the collapse of credit as a medium of exchange as people revert to using an extraordinarily limited...
View ArticleI don't fully understand
I don't fully understand this. Can't limited printing press capacity be "solved" simply by printing extra zeros at the end of the denomination?
View ArticleWhen my greatgrandmother died
When my greatgrandmother died in1959 my grandmother found a great stack of gold sovereigns that great grandma had squirelled away over the decades of frugality. Grandma went mad getting all those...
View ArticleT-bills haven't been physical
T-bills haven't been physical in decades. Ever hear of Treasury Direct? It is now the only way to own T-bills, notes, and savings bonds.
View ArticleNot exactly. Currency has
Not exactly. Currency has value if you must have it to pay your taxes. The fact that you must pay the IRS to stay out of prison, or pay the county to keep your house means you must have US dollars....
View ArticleNickels. So you are going to
Nickels. So you are going to take delivery of a dump truck load of nickels and store 30 tons worth in your basement. And when you go to spend those nickels in any significant amount, you will have to...
View ArticleIf I was the government and
If I was the government and had just been through a hyperinflation I would knock add two zeros to the coins and use pennies as dollars.Minting coins is more difficult than printing dollars.
View ArticleYou don't need 30 tons
You don't need 30 tons worth. Just enough to make the main silver safe unmovable and get by until people figure out that junk silver is the new currency.
View ArticleAt this point, is ANY
At this point, is ANY electronic currency soverign?It's all just numbers attached to three capital letters; none of them actually have any value. And the last time I checked, drug dealers don't take...
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