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LongJohnSilver
9th November 2008, 19:33
Not to be outdone by the Fed, the BoE ensures future UK hyperinflation with yet another interest rate cut...taking rates to lowest since 1955...more cuts in the pipeline....

Massaged CPI is at 5.5% and the weekly supermarket shop confirms it's not getting any lower despite what they say....

http://www.telegraph.co.uk/finance/comment/liamhalligan/3408029/The-day-the-Bank-of-England-cut-interest-rates-to-3pc-is-the-day-it-lost-its-marbles.html

Meanwhile over in Iceland the reality of it all sets in...

http://www.nytimes.com/2008/11/09/world/europe/09iceland.html?hp=&pagewanted=all

research24
9th November 2008, 20:39
The interesting thing about hyper inflation is the incredible speed with which it happens. People who have experienced it say "it happens literally overnight." The mechanics of it are simple but little understood. It can only happen with a currency collapse, and it looks like that's where we are headed.

LETMYSILVERGO
9th November 2008, 21:12
Wow! Read The Iceland Story...............i'm Doing Some Serious Shopping In The Morning!!!!!!!!!!!!!!!!!!!!!

main1event
9th November 2008, 22:44
It does happen overnight, thats why you can trade all the paper silver you want but you have to have the real thing. People in the rest of the world are reading stories like Iceland, Zimbabwe, and Argentina, they know it can happen to them.

Once your currency gets debased, your gold still retains its value. The real question is where do you go with your gold? So you leave the U.S. and go where? It seems like its a global tidal wave thus far, people are losing faith in paper.

FedFixNix
9th November 2008, 23:59
This is the choice we will be given:

World wide monetary and economic collapse :(

or

world government and a (privately owned) world central bank controlling all the world's money. :mad:

Take your pick.

valerb
10th November 2008, 00:02
Now I'm really screwed, I have been waiting for global warming to kick in so I could move to Iceland!!!!

FedFixNix
10th November 2008, 00:05
... people are losing faith in paper.

People who have put their faith in paper have misplaced their faith...

... as have those who place their faith in gold or silver.

cdavport
10th November 2008, 00:05
This is the choice we will be given:

World wide monetary and economic collapse :(

or

world government and a (privately owned) world central bank controlling all the world's money. :mad:

Take your pick.


I think I will go with No. 1. I would rather starve than succomb to financial slavery. Problem is, we would still wind up with it before it all plays out.

FedFixNix
10th November 2008, 00:28
I think I will go with No. 1. I would rather starve than succomb to financial slavery. Problem is, we would still wind up with it before it all plays out.

You going to choose starvation for your wife and kids too? That's tough to watch happen, even for those without hearts.

Your last sentence shows a bit more thought.

FedFixNix
10th November 2008, 00:31
Now I'm really screwed, I have been waiting for global warming to kick in so I could move to Iceland!!!!

You'll be welcomed with open arms as long as you bring lots of real wealth with you.

cugir321
10th November 2008, 02:41
These bankers are some smart MF'ers...Well let me put it another way, their master has big horns, a sharp pitch fork, and a 300 IQ.

Nobody's gonna watch their kids starve. They'll just say can I get the 666 in red, white, and blue.

How about a prediction...Nov 15th will solidify a 1 world government. They'll pull a Bay of Tonken type thing that will scramble the world...may not be military, may be. Whatever they do, we'll beg for relief soon. I'm guessing we'll somewhat disappear (we'll be there like the ugly step sister) from the 1 world stage because of our guns and religion...we'll be too much of a pain in the butt to deal with 1 on 1. I don't think we'll break like some of the other country's. Badly crack, badly suffer, but not completely break.

What amazes me more then anything is that a guy who hung out with lions wrote about this 4000 years ago. Believe it or not, seems pretty fishy to me. Looks like the next thing coming is world government, everybody loves Israel, The Raptor of the Believers, Financial collaspe of the world in 1 hour, A Beautiful George Washington that pulls the heads off of chickens and drinks their blood in the privacy of his home, plagues from hell, everybody hates Israel, a battle that makes you wish you had a Star of David on your uniform, The final crushing destruction of the horned one....pay day! If it makes you feel any better, They're doomed. That's got to really piss 'em off. I'm pretty sure the horned one knows it.

Anybody want cream in their coffee, a danish?



You'll be welcomed with open arms as long as you bring lots of real wealth with you.

Trvlr45
10th November 2008, 04:40
Anyone know what an ounce of gold or silver is worth in Iceland right about now? Just wondering if anyone there has been saved by owning physical.

Kelly
10th November 2008, 07:32
You going to choose starvation for your wife and kids too? That's tough to watch happen, even for those without hearts.

In a nutshell! Nearly 80% of the people living in the US are Christian to one degree or another, and most have said they will never take the "mark of the beast." That being said, it is your kids and your family that will be held for ransom. It's really a damned if you do, and damned if you don't scenario.

The only people who could possibly get through it are the ones that are fully prepared to go the survivalist route. Most folks it this country, especially single moms and their kids, simply don't have the money to do that.

So I've always wondered what God was thinking, because the whole thing seems set up to literally damn the poor and there seems to be something really wrong in that.

LongJohnSilver
10th November 2008, 08:57
Yes, I agree, the rapid, almost-overnight appearance of hyperinflation is a key characteristic as the money supply expands exponentially….One of the most often used metaphors about hyperinflation is the tidal wave/tsunami….with the commodity market manipulated down during the summer we have the necessary smokescreen for this latest round of interest rate cuts (not to mention bailouts, bank nationalisations and other National Socialist stalwarts) so that as asset-price depreciation is conveniently called deflation it gives the appearance of the inflationary tide receeding out….although even the official figures are high enough let alone the real, non-massaged, inflation-as-it-used-to-be-recorded figures….I expect these inflation figures to be even more strenuously massaged in the months ahead to disguise the tide rising further before the “wall” of hyperinflation hits….

….They really are going for broke…..yet another reflationary round in and old worn-out tyre of a central-banking economic model that has been exposed for what it is…..wealth for the few, slavery for the rest……

Owning silver is not enough…you will need stockpiles of food and everything else you use on a regular basis…….it will be very tough for most people and we should be encouraging even those we know who have very little resources to put aside what they can to prepare…

Hyperinflation has occured many many times beyond the examples of The Weimar Repblic and present day Zimbabwe....

http://www.cato.org/pub_display.php?pub_id=8232

A good article and the associated collapse of the bond market is....

http://www.lewrockwell.com/blumen/blumen6.html

There are many ways a nation can default....Nixon came up with one, the Plaza Accords, currency depreciation (note the drastic 99% occurences in Milosovic's Yugoslavia in the first link), just straight out saying NO, inflating to hyperinflation and paying off debt in worthless paper.....

no matter how much the other nations of the world inflate their own currency
and no matter what so-called solution they try to ram down America's and the rest of the world's throat in the coming months in their new Bretton Woods it will not replace the corrupt central bank fiat system we have now....rather it will centralise power even more....

...that is why we must be vigilant and fearful of war....it is what they have always done to distract attention away from their system and place blame on 'the other'.....

in WW2 in the US inflation was in the 90's...

in the UK they conscripted men and young men into the coal mines and they weren't demobbed until 1948....

cdavport
10th November 2008, 09:45
Your last sentence shows a bit more thought.


Why thank you, OBI-WAN

thowze
10th November 2008, 11:32
In a nutshell! Nearly 80% of the people living in the US are Christian to one degree or another, and most have said they will never take the "mark of the beast."

When the time comes, it will be a rude awakening for the 80%. Being in a country where losing everything means you have to take food stamps and government help until you get back on your feet, many Americans have never faced life or death situations especially when it concerns your family.

This forum is good for helping participants think about the tough choices that may have to be made. As for me I will keep buying my silver and gold, refuse the mark and trust in God for the rest.

garydrumm
10th November 2008, 12:08
In a nutshell! Nearly 80% of the people living in the US are Christian to one degree or another, and most have said they will never take the "mark of the beast." That being said, it is your kids and your family that will be held for ransom. It's really a damned if you do, and damned if you don't scenario.

The only people who could possibly get through it are the ones that are fully prepared to go the survivalist route. Most folks it this country, especially single moms and their kids, simply don't have the money to do that.

So I've always wondered what God was thinking, because the whole thing seems set up to literally damn the poor and there seems to be something really wrong in that.'

This all depends on whether or not a "rapture" occurs. The argument could be made that if there is a rapture, most of the kids would likely be gone, at least those who are innocent having not reached the age of accountability. I guess it all depends on what end-times philosophy you believe.

One world government is coming though, there's little denying that now. At that's exactly what the "horned one" needs to fulfill his plans. OK, so I'm just clinging to my religion... where'd I put my guns?

... To be continued

Kelly
10th November 2008, 12:56
This all depends on whether or not a "rapture" occurs. The argument could be made that if there is a rapture, most of the kids would likely be gone, at least those who are innocent having not reached the age of accountability. I guess it all depends on what end-times philosophy you believe.

Well, I grew up in a church that didn't necessarily preach the rapture ideology, so by the time I was an adult and started thinking more seriously about my personal religious views, I didn't really have any preconcieved ideas about the rapture. When I read the passages generally interpreted to mean the rapture, I automatically just assumed that "meeting God in heaven" was meant to be a spiritual event rather than a physical one.

I've got to admit I've been kind of puzzeled about rapture philosophy. It seems like every Christian on earth is just certain they are going to get raptured away and not have to deal with any of this mess. But that simply doesn't pencil out because only 144,000 folks are supposed to be involved, so it sure looks to me like a whole lot of folks might be in for a big surprise.

LongJohnSilver
10th November 2008, 12:58
some more historical hyperinflationary events.....

http://www.24hgold.com/viewarticle.aspx?langue=en&articleid=181079_Hyperinflation_around_the_Globe_M %20ike_Hewitt

FedFixNix
10th November 2008, 13:20
In a nutshell! Nearly 80% of the people living in the US are Christian to one degree or another, and most have said they will never take the "mark of the beast." That being said, it is your kids and your family that will be held for ransom. It's really a damned if you do, and damned if you don't scenario.

Exactly my point! But it is already being done. And what the "mark of the beast" is, or means is open to much interpretation and speculation.


The only people who could possibly get through it are the ones that are fully prepared to go the survivalist route. Most folks it this country, especially single moms and their kids, simply don't have the money to do that.

Can only partially agree. Depends on where you live and what you do. Some are already living a basic "survivalist mode" lifestyle. If they are not too close to big urban areas and are off the beaten path or can defend themselves from predators, many such as those will possibly make it.


So I've always wondered what God was thinking, because the whole thing seems set up to literally damn the poor and there seems to be something really wrong in that.

I've actually tried pointing in the direction of understanding such things, but you have rejected my gift. It depends on whether you count your "damnation" as what happens to you here on earth or in the hereafter, doesn't it? Think about what Jesus had to say about such things. Didn't the world crucify Him as well?

Have you considered that what may be wrong is too many men have misused God's gift of free will? Isn't it powerful men who are poor stewards of the earth's resources and wealth who are "damning the poor"? Isn't this all the result of the faulty alignment of man's will with God's will?

I'll leave it here for now, but I hope some people think on these questions.

FedFixNix
10th November 2008, 13:34
These bankers are some smart MF'ers...Well let me put it another way, their master has big horns, a sharp pitch fork, and a 300 IQ.

I think you may have underestimated the IQ, except that it wouldn't be fair to measure it in human terms. And the big horns and pitch fork are myths. Their master is or was a very luminescent being that is in our world but not of it.

And he has a couple million years of experience under his belt.

Yet he is a created being, just as we are.

And his time here is winding down.

And he knows it.

Desperate beings do desperate things, and we are witnessing them all unfold.

The only choice we have is between doing the right things or the wrong things.

FedFixNix
10th November 2008, 13:38
I've got to admit I've been kind of puzzeled about rapture philosophy. It seems like every Christian on earth is just certain they are going to get raptured away and not have to deal with any of this mess. But that simply doesn't pencil out because only 144,000 folks are supposed to be involved, so it sure looks to me like a whole lot of folks might be in for a big surprise.

More than you could possibly imagine, Kelly. Far more than you could imagine.

FedFixNix
10th November 2008, 13:47
'

This all depends on whether or not a "rapture" occurs. ... I guess it all depends on what end-times philosophy you believe.

It also depends on what you consider a "rapture", and when it might occur and what it might require to trigger its occurrence. That certainly all goes in the the "end times" equation though, along with what, exactly, is meant by "end times"? :)

Kelly
10th November 2008, 13:52
I've actually tried pointing in the direction of understanding such things, but you have rejected my gift.

Nix, the individual upon whom that book focuses, Melchizedek, is also highly involved with channeling involving Sanat Kumara, Koot Humi, Maitreya, Ra, The Tibetan, The Great White Brotherhood, Shambhala, The Ashtar Command, the Theosophical Society, St. Germain, The Lucius Trust and on and on and on. I'd rejected this school of thought long before you sent me the book, so don't take it so personally.

Since most of the above entities subscribe to Eastern mysticism, and certainly support the concepts of reincarnation, I do not understand why they don't just reincarnate and say what they have to say. I consider those involved in channeling messages to be "entities" involved in the ultimate secret society. I am more of a "lay your cards on the table" sort of gal, and I certainly think those who offer such advise and unprovable ancient histories need to be considerably more forthright; instead they hide themselves away and choose to speak through others. It's not a very equitable program as far as I am concerned.

garydrumm
10th November 2008, 13:55
It also depends on what you consider a "rapture", and when it might occur and what it might require to trigger its occurrence. That certainly all goes in the the "end times" equation though, along with what, exactly, is meant by "end times"? :)

I guess it also depends on whether or not we "trigger" those events, or if it is, indeed, all part of a divine plan and timetable.

In my opinion, "end times", means just that. The end of time. The bible does CLEARLY speak of a one world government, but it's origins and are not man-made (i.e. Illuminati, Bilderberg, Skull and Bones, Freemasons, Knights Templar, Bohemian Grove, etc.), but rather demonic. Things are moving quickly, be prepared either way, rapture or no rapture.

FedFixNix
10th November 2008, 14:29
Nix, the individual upon whom that book focuses, Melchizedek, is also highly involved with channeling involving Sanat Kumara, Koot Humi, Maitreya, Ra, The Tibetan, The Great White Brotherhood, Shambhala, The Ashtar Command, the Theosophical Society, St. Germain, The Lucius Trust and on and on and on. I'd rejected this school of thought long before you sent me the book, so don't take it so personally.

No, Kelly. You are absolutely wrong on this score, and I asked you not to discuss this publicly. Didn't you get my private email on this matter after you posted this garbage on another thread? Apparently you choose to again spread lies and ignorance on a matter you do not understand and have done no more than a cursory investigation turning up the mountains of disinformation published by the enemies of truth on this planet.

None of the above has any thing to do with the information I sent you, but everything to do with those who hate God, hate good, and wish to destroy this world.

I don't blame you for "rejecting this school of thought"! I do too!


Since most of the above entities subscribe to Eastern mysticism, and certainly support the concepts of reincarnation, I do not understand why they don't just reincarnate and say what they have to say. I consider those involved in channeling messages to be "entities" involved in the ultimate secret society. I am more of a "lay your cards on the table" sort of gal, and I certainly think those who offer such advise and unprovable ancient histories need to be considerably more forthright; instead they hide themselves away and choose to speak through others. It's not a very equitable program as far as I am concerned.

And I fully agree with all you wrote in the above paragraph. I advise people to stay away from all "channeled" material.

What you don't get is that the material I sent you was NOT "channeled". I have no use for any channeled materials, as they are all misleading and serve an evil master, just as your banker friend was long ago.

You have violated a trust I placed in you when I sent that material, not once, but twice now, by making a public issue of something you know little or nothing about, and all of what you THINK you know is WRONG.

Please just drop it, and return the materials to me C.O.D. I'll be glad to pay the return charges.

Kelly
10th November 2008, 14:32
In my opinion, "end times", means just that. The end of time.

Hmmmm. There are a whole lot of different opinions. The Hindu's and the Buddhists believe in a "Kali Yuga" brought on at the end of every Great Age of 25,920 years; a time of great evil and destruction. Almost all the ancient cultures in the Middle East subscribed to the belief that at the end of every astronomical age, there would be an "end times;" again a time of great destruction and believed to make way for a New Age. We are at the end of the Piscean Age now.

But one must certainly wonder if this peculiar end times event isn't the result of considerable manipulation by the powers that be. After all, one certainly could postulate that the Illuminati, Bilderberg, Skull and Bones, Freemasons, Knights Templar, Bohemian Grove folks aren't involved in something that is indeed demonic inspired. What happens when human beings give themselves up to something demonic? Everybody who attends Bohemian Grove does a ritual to Molech, the god of child sacrifice. That sounds pretty demonic if you ask me.

FedFixNix
10th November 2008, 14:40
I guess it also depends on whether or not we "trigger" those events, or if it is, indeed, all part of a divine plan and timetable.

Have you considered that it could be both? Could a divine plan or timetable allow for the inevitability of us "triggering" such event;s? (triggering = causing, or permitting to be caused)

You might give it some thought.

main1event
10th November 2008, 14:40
No, Kelly. You are absolutely wrong on this score, and I asked you not to discuss this publicly.

But of course you are entirely correct. I reject your philosophy and substitute my own.

LongJohnSilver
10th November 2008, 14:57
Meanwhile….

Back on topic…..

...and when we've all settled down.....

Classic account of the Weimar hyperinflation…..

http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html

and for those that havn’t yet read it John William’s April report….

http://www.shadowstats.com/article/292

FedFixNix
10th November 2008, 15:24
But of course you are entirely correct. I reject your philosophy and substitute my own.

It's not about "philosophy", Main1, it's about facts, and getting them right. The material Kelly was talking about was not about "Melchizidek", or the totally bogus "Order of Melchizedek", which is a part of the Mormon Church, or Latter Day Saints. It has nothing at all to do, FACTUALLY with any of those other entities or personages, real or fancied.

Melchizedek was only mentioned twice, very briefly in the Christian Bible. Jesus is called "one of the order of Melchizedek" in the bible. "Order of" is being used here in the sense of sameness or likeness. The bible is saying here that Jesus was similar to, or like, Melchizedek, who was a "priest of Salem" (later Jebus-Salem or Jerusalem). So they aren't exactly saying uncomplimentary things here about either Jesus or Melchizedek. The authors of the Psalms and Book of Genesis were placing the two in the same high category.

"The name Melchizedek occurs just twice in the Hebrew Bible, once in the Book of Genesis and once in the Psalms. In Genesis 14:18, Melchizedek brought bread and wine to Abram after Abram's victory over the four kings (led by Chedorlaomer) who had overrun Sodom and Gomorrah and had taken Abram's nephew Lot prisoner. He blessed Abram in the name of El Elyon. Then he gave him a tenth of everything (a translation which preserves the ambiguity of the original).[2] In the second reference, Psalms 110:4, we find the statement: Thou art a priest for ever after the manner of Melchizedek." http://en.wikipedia.org/wiki/Melchizedek

A LOT of weirdos and satanists have latched on to the obscurity of the Melchizedek character in the Bible to establish cults of followings that can be loosely called "Satanic", or of an anti-Christ nature. Kelly is lumping the material I sent her into that other "satanic" or channeled material, and its just not so.

Kelly should either actually read the material itself, or just shut up about it, lest she be "found fighting against God Himself", as one Pharisee counseled to those trying to condemn Jesus.

Frelodr
10th November 2008, 15:32
Man, some of you must really like to type. I couldn't type that much in a month. I failed college typing 1 because the female instructor wanted to take me for a ride in her new car and I refused. So now I can only Poke and Hoke.
Cool Man, Lodr

garydrumm
10th November 2008, 15:58
Have you considered that it could be both? Could a divine plan or timetable allow for the inevitability of us "triggering" such event;s? (triggering = causing, or permitting to be caused)

You might give it some thought.

Don't know. Don't care, really. I'll just do my part to do what I can do. I'll let God sort out the details.

Frelodr
10th November 2008, 16:20
Great answer Gary. Lets just Hope God will take care of us and our Silver.
Cool Man, Lodr

skijake
10th November 2008, 16:23
Man, some of you must really like to type. I couldn't type that much in a month. I failed college typing 1 because the female instructor wanted to take me for a ride in her new car and I refused. So now I can only Poke and Hoke.
Cool Man, Lodr

Geez, was she that hard to look at?:confused: I agree with the typing comment. Very impressive!

LongJohnSilver
10th November 2008, 16:32
On the eve of global hyperinflation and in all likelihood, yet another war, our two most respected senior forum members choose to disrespect each other and argue over esoteric minutiae of the "endtimes".....surreal.....

CHILL OUT

Kelly and Fed...I have a great deal of respect for you both....the contributions you have both made to this forum are immeasurable.....frankly the two of you make this forum the best place to be...but it's starting to get overheated, overly personal and disrespectful....not to mention wildly off topic.....

in the interests of diplomacy I humbly suggest you continue this discussion in private correspondence....

There are two kinds of people in my experience, those who want to be right...and those who want to be kind...I know that I prefer to be kind....being right will always presuppose someone else being wrong....

We have enough fight on our hands with the NWO and the banksters... let's not let us silverbugs get divided and bickering amongst ourselves.....isn't that what they would want ??

Meanwhile….

Back on topic…..

http://seekingalpha.com/article/96723-what-effect-will-hyperinflation-have

FedFixNix
10th November 2008, 16:41
Don't know. Don't care, really. I'll just do my part to do what I can do. I'll let God sort out the details.

What else can any of us do? But - it was you who posed the either/or question, and I just offered that the options were not necessarily mutually exclusive.

However, "just doing your part", assumes that you, me, everyone knows their parts, as well as then doing them. That requires at least some thought and prayer.

Just saying....

Kelly
10th November 2008, 16:45
You have violated a trust I placed in you when I sent that material, not once, but twice now, by making a public issue of something you know little or nothing about, and all of what you THINK you know is WRONG.

Now wait a minute here, FedFixNix. No. I have not opened any of my e-mail for about two weeks. I was not feeling well for a couple of days and it got away from me and there is now over 350 emails in my box so I've been avoiding that daunting task.

Be that as it may, don't tell me I am "making a public issue" of it, much less "breaking your trust" when it is YOU that keeps bringing it up. You make statements like "I've actually tried pointing in the direction of understanding such things, but you have rejected my gift" implying that I am ignorant, which certainly looks like a bait and hook to me, and then you accuse me of "breaking your trust" when I respond? If you don't want me to respond, then please stop baiting me.

Welcome to Satania? Look at the source material.

http://en.wikipedia.org/wiki/The_Urantia_Book

http://www.truthbook.com/index.cfm?linkID=1666

garydrumm
10th November 2008, 16:54
What else can any of us do? But - it was you who posed the either/or question, and I just offered that the options were not necessarily mutually exclusive.

However, "just doing your part", assumes that you, me, everyone knows their parts, as well as then doing them. That requires at least some thought and prayer.

Just saying....

Well, I trust that God has me doing my part. I didn't take any offense to your comments. You're correct, it could be either/or or both.

LongJohnSilver
10th November 2008, 17:03
ok you two that's enough now.....

this from our goldbug friends at goldseek......

http://news.goldseek.com/GoldSeek/1226337717.php

Katz has an impressive record of calling the market.....

And while half of America think they have elected the Chosen One, Gordan Brown is under the sad delusion that it is him that will save the world....and is becoming more and more smug and pompous by the day with constant self-references to Churchill and FDR....God help us all.....

meanwhile....

http://www.dollardaze.org/blog/?post_id=00213

FedFixNix
10th November 2008, 17:03
On the eve of global hyperinflation and in all likelihood, yet another war, our two most respected senior forum members choose to disrespect each other and argue over esoteric minutiae of the "endtimes".....surreal.....

CHILL OUT

Kelly and Fed...I have a great deal of respect for you both....the contributions you have both made to this forum are immeasurable.....frankly the two of you make this forum the best place to be...but it's starting to get overheated, overly personal and disrespectful....not to mention wildly off topic.....

in the interests of diplomacy I humbly suggest you continue this discussion in private correspondence....

There are two kinds of people in my experience, those who want to be right...and those who want to be kind...I know that I prefer to be kind....being right will always presuppose someone else being wrong....

We have enough fight on our hands with the NWO and the banksters... let's not let us silverbugs get divided and bickering amongst ourselves.....isn't that what they would want ??

Meanwhile….

Back on topic…..

http://seekingalpha.com/article/96723-what-effect-will-hyperinflation-have

All points well taken LJS. I regret that Kelly chose to make a public issue of something that should have been private all along, even after I tried my best to get her to respond privately. What is in this thread between Kelly and I was her choice. I only defended the truth as I know it from gross misrepresentation. I am truly surprised by and disappointed in Kelly on this matter. 'Nuff said.

Your article was great, as are all those you post. I value and appreciate your posts.

This is a snip from the article:

"We can rationally expect that the US dollar will lose about 75% of its value, within 2-3 years. Cash in the form of government and/or corporate bonds, money in CDs and other bank accounts, will be hit the hardest. General index fund type of investments, such as DIA, SPY, QQQ, and the like will also be very bad investments. Stocks, in general, do not do well in a highly inflationary environment. However, if the Weimar experience is any guide, stocks will do much better than bonds or cash. Financial and retail stocks, however, will be the worst investments of all equities sectors. The best investments, in contrast, will be gold, silver, shares of companies whose assets consist of modern plant & equipment, productive lands, and other hard assets that will retain value."

I agree, except that I doubt that the "Weimar experience" will be "any guide". I am fully convinced that what is coming is going to be as different from the past as night is from day. We can and must look to past events for help, but I think we are entering uncharted and treacherous waters.

I think the materials I urge people to watch or read are the best roadmap or charts available at this time.

Thanks for the good link and good website.

LongJohnSilver
10th November 2008, 17:22
I agree, except that I doubt that the "Weimar experience" will be "any guide". I am fully convinced that what is coming is going to be as different from the past as night is from day. We can and must look to past events for help, but I think we are entering uncharted and treacherous waters.

Yep......prepare for the worst...hope for the best.....

I have a Brazilian friend who lived through the Brazilian hyperinflation of the 80's....six years of it !!!! ...constant depreciations.....4 changes of currency....no food in the supermaket...and when there was it was twice as expensive by the afternoon as it had been in the morning....AND the national confiscation of all savings accounts....and she and the Brazilian people have an indomitable spirit and fierce dedication to celebrating life and happiness no matter how hard they have suffered.....and believe me they have....centuries of colonialism and then the IMF !!!

The middle classes will be slaughtered unless the are prepared....

meanwhile....

http://www.itulip.com/forums/showthread.php?p=57193#post57193

LongJohnSilver
10th November 2008, 20:49
How about this.....

http://market-ticker.org/archives/631-Oh-No....-Foreign-Debt-Bought-by-The-Fed.html

My Pants Are Cold
10th November 2008, 21:35
In Genesis 14:18, Melchizedek brought bread and wine to Abram after Abram's victory over the four kings (led by Chedorlaomer) who had overrun Sodom and Gomorrah and had taken Abram's nephew Lot prisoner. He blessed Abram in the name of El Elyon. Then he gave him a tenth of everything


Straight flush beats 4 kings any day.

cugir321
10th November 2008, 22:00
Don't you just love the glisten of a Proof silver eagle.

This is like a big cocktail party. Occasionally there's a bit of information that goes "bong"!

I think, I think, free will comes into play. A question of what or who do we trust. Evil or good, Fear or love, God or The evil one....I think it's grand that God would give us a choice. Lot's of folks make the fear choice. At least we're not slaves. To be fearless in the face of death is the ultimate free man! Unlocks the chain to the ultimate fear. Death. Summury...it's about choice. Life is a choice...thank you God! To me, everything makes sense in those terms. Nobody dies without one. Doesn't matter if your rich or poor, old or young, we all have to make it, fear or fearless (love)....Now somebody tell the government to make good ones.

That's what I love about the founding fathers....they wrote a document with one thing in mind, choice. They wrote it to protect that one thing, choice. They were the ultimate Libertarians. Interesting how it opens a door to the abortion thing. Do you support choice...or do you support life...the document says, life, liberty, and the pursuit of happiness. If you think life you're one thing. Choice your another. It sure does drive home the point, When does life begin? What would Jefferson, Madison, or Washington, say about that question? Interesting thought.

Accepting a mark....makes sense....another choice. If there is an end to it all, it seems like a grand exit. Do we throw in the towel with Evil or Good?

Now what do we chose? Silver, gold, or trust in the higher power? I have a feeling silver and gold will not save us.

After pondering, I'm buying MRE's and buying into, Silver and gold have I none; but such as I have give I thee: In the name of Jesus Christ of Nazareth rise up and walk. Seems easier.

Aliens....there ain't no stinkin' aliens.




In a nutshell! Nearly 80% of the people living in the US are Christian to one degree or another, and most have said they will never take the "mark of the beast." That being said, it is your kids and your family that will be held for ransom. It's really a damned if you do, and damned if you don't scenario.

The only people who could possibly get through it are the ones that are fully prepared to go the survivalist route. Most folks it this country, especially single moms and their kids, simply don't have the money to do that.

So I've always wondered what God was thinking, because the whole thing seems set up to literally damn the poor and there seems to be something really wrong in that.

cugir321
10th November 2008, 22:22
LongJohnSilver: Love the article on bond collaspe.

A good article and the associated collapse of the bond market is....

http://www.lewrockwell.com/blumen/blumen6.html

cugir321
10th November 2008, 22:47
Hummm Gordan Brown, he's not charismatic enough. Ron Paul has a better chance. (and I love him dearly, like a brother) But then again, Churchill wasn't Al Sharpton and he was king of the kool-aid.


ok you two that's enough now.....

this from our goldbug friends at goldseek......

http://news.goldseek.com/GoldSeek/1226337717.php

Katz has an impressive record of calling the market.....

And while half of America think they have elected the Chosen One, Gordan Brown is under the sad delusion that it is him that will save the world....and is becoming more and more smug and pompous by the day with constant self-references to Churchill and FDR....God help us all.....

meanwhile....

http://www.dollardaze.org/blog/?post_id=00213

LongJohnSilver
11th November 2008, 03:25
Gordan Brown has as much charisma as a wet flannel....He has spent he last 11 years (as Chancellor of the the Exchequer before being PM) presiding over the British people and subjecting them to every stealth tax he could think of ....if it moves tax it...if it doesn't tax it....He arrogantly claimed (endlessly) that he had ended the boom and bust cycle and took credit for the pumped-up-with-credit economy when his policies and the low BOE interest rates were fueling the bubble......but when it burst it was nothing to do with him...it was all those nasty Americans who took out subprime loans....all those globalist forces beyond his control.....the same globalism he had spent years preaching to all who could stand listening to him how what a wonderful thing globalism was.....when the bubble burst he looked like a frightened sheep caught in the headlights of a fast moving truck...he did nothing for 15 months and dithered....the decisions he did take were of no consequence or the wrong ones.....the British people loathe him and think he is an incompetent ditherer......they are only just beginning to wake up to the truth about the economic system that enslaves them but the hypnosis/sleep is very deep....as Ive posted on another thread we have no Ron Paul here....there isn't a single British politician who understands it is the central banking system itself that needs to be replaced.....Now having fully nationalised 2 banks and partially nationalised 3 more and bailed out the system with over £500 billion Gordan Brown thinks he's God ...incredibly his approval ratings have gone up as he's done this (the sleep is deep) and he tries to give this tired worn out corrupt and enslaving debt based sytem one more spin of the wheel, reflating one more time when it is so fundamentally broken...... Now he marches to the Washington Conference full of himself, preaching to the world what they need to do, follow me, I have an answer....it is beyond belief....

Kelly
11th November 2008, 03:26
Aliens....there ain't no stinkin' aliens.

Agreed. Something else is going on and the ET hypothesis makes a very nice facade to hide behind.


Gordan Brown has as much charisma as a wet flannel...

Again, I couldn't agree more!


the British people loathe him and think he is an incompetent ditherer

Oh, I am really delighted to hear that! I've watched him spout his ever so pompous BS on so many videos lately I was just fuming. Brown, Sarkozy, and Paulsen running the show? OMG we really ARE going to hell in a handbasket!


Now he marches to the Washington Conference full of himself, preaching to the world what they need to do, follow me, I have an answer....it is beyond belief....


Every single day, the truth is dawning on millions more people, but it sure looks like congress and parliament are going to be the last to know.

LongJohnSilver
11th November 2008, 04:03
Oh, I am really delighted to hear that! I've watched him spout his ever so pompous BS on so many videos lately I was just fuming.

It will be tragic if he gets another term in office....

Unfortunately the 2 main British Opposition parties are totally mired in the Keynsian model.....

LongJohnSilver
11th November 2008, 04:07
LongJohnSilver: Love the article on bond collaspe.



Cugir...

Have you seen this.....

http://www.leap2020.eu/GEAB-N-28-is-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html?PHPSESSID=92128783082a3c34cab9a42f 9161903b

it's been up on the web for a while now and I think it's been posted here before but if you missed it ....it's sobering.....

LongJohn

LongJohnSilver
11th November 2008, 12:38
this is another very interesting post on the US Treasury/printing press situation......

http://market-ticker.org/archives/622-Fiscal-Cat-5-Hurricane-Warning.html

Kelly
11th November 2008, 12:59
Originally Posted by FedFixNix
In Genesis 14:18, Melchizedek brought bread and wine to Abram after Abram's victory over the four kings (led by Chedorlaomer) who had overrun Sodom and Gomorrah and had taken Abram's nephew Lot prisoner. He blessed Abram in the name of El Elyon. Then he gave him a tenth of everything.


On the other hand, historical documents seem to suggest another possible scenario. As the priest-king of Jebus, (the territory of old Jerusalem), Adonizedek-Melchizedek may have simply been engaging in a practice common among priest-kings in those days. They traditionally charged a "booty tax" of 10% when armies crossed over their lands returning with either plunder or recovered goods. It was also common to charge a similar fee of any trade caravans that had to pass through a kings' territory. In antiquity, this was simply a very standard way to raise revenue for one's territory; rather like charging a trade tariff is today. Abraham and King Bera may have simply understood the practice and it may have been carried out under reasonably amiable terms which included the king, as host of a territory, politely offering bread and wine to the weary war-tired travelers as he collected his expected fee.

My Pants Are Cold
11th November 2008, 16:29
Nah, it was boys night out, Melchizedek(having lost his shirt, errr, turbin early in the evening), now was killing time bringing food and booze to those left at the table. Chedders four kings coundn't hang with Abrams straight flush so he lost 10% of everything. Which I believe came to some goats, a couple chickens, a pack of camels(non filtered), and his second wife(the old hag he married in Vegas while on a bender).

mizou
11th November 2008, 20:11
I got some of those numbers from a free subscription from moneyandmarkets.com
Has anyone got any ideas of how those figures mentioned below will eventually wash through the system and what the possible consequences would be (Silver, Gold, Food, Country, Stability, Depression, Inflation, Stagflation etc...)

I think it will lead to Hyperinflation (Loss of value of FIAT (ie) Loss of faith) ??

Your thoughts please..

Just look at the loans, investments and commitments that the government has ALREADY made:

* $700 billion to the Troubled Asset Relief Program (TARP) rushed into law in September …
* $200 billion to nationalize Fannie Mae and Freddie Mac …
* $25 billion for the Big Three auto manufacturers, $29 billion for Bear Stearns, and $123 billion for AIG …
* $144 billion to buy mortgage-backed securities (Part of which is included in the item above) …
* $300 billion for the Federal Housing Administration Rescue Bill to refinance bad mortgages …
* $87 billion to pay back JPMorgan Chase for financing bad trades made by Lehman Brothers …
* $200 billion in loans to banks under the Fed’s Reserve Term Auction Facility (TAF) …
* $50 billion to support the commercial paper held by money market mutual funds — so far. (By the way, approximately $1.3 trillion worth of commercial paper would qualify)
* $620 billion in currency swaps with industrial nations, including aid to the Bank of Canada, Bank of England, Bank of Japan, National Bank of Denmark, European Central Bank, Bank of Norway, Reserve Bank of Australia, Bank of Sweden, and Swiss National Bank …
* $120 billion in swaps for emerging markets, including the central banks of Brazil, Mexico, South Korea and Singapore …
* Unquantifiable new liabilities to cover FDIC’s new, expanded bank deposit insurance coverage from $100,000 to $250,000 …

That adds up to nearly $2.7 trillion and that doesn’t even begin to address Washington’s next attempts to fight this crisis as unemployment continues to skyrocket and consumer spending continues to crash.

Now....let's go on...

1. Based on the Federal Reserve’s Flow of Funds report, there are now $52 trillion in interest-bearing debts in the U.S.
2. Based on estimates provided by the U.S. Government Accountability Office and other sources, it’s safe to assume that there are also at least $60 trillion in contingency debts and obligations now starting to kick in — for Social Security, Medicare and other pensions.
3. Separately, the Bank of International Settlements reports that the total value of debts and bets placed worldwide (derivatives) is $596 trillion, or more than a half quadrillion!

Debts: Too Big For Government to Control!

The numbers are not directly comparable, but just to get a sense of the magnitude of the problem, compare the size of the debts and bets outstanding (the first three bars in the chart) with the size of the $2.7 trillion in bailout commitments thus far (barely visible in the chart).
http://images.moneyandmarkets.com/1147/debts-too-big.jpg

What they don’t see is the fact that the debt build-up in the U.S. today is far greater than it was on the eve of Great Depression I. Indeed, in the chart below, Claus Vogt, the editor of Sicheres Geld shows how …

Prior to the 1930s, the total debt in the U.S. was between 150% and 160% of GDP. Now it’s close to 350% of GDP.
http://images.moneyandmarkets.com/1147/us-debt-build-up.gif

Kelly
12th November 2008, 02:34
Nah, it was boys night out, Melchizedek(having lost his shirt, errr, turbin early in the evening), now was killing time bringing food and booze to those left at the table. Chedders four kings coundn't hang with Abrams straight flush so he lost 10% of everything. Which I believe came to some goats, a couple chickens, a pack of camels(non filtered), and his second wife(the old hag he married in Vegas while on a bender).

That's quite likely seriously in error. Archaeologists have discovered the Dead Sea gravesites containing the burial sites of over one million people. Most scholars estimate the Dead Sea cities must have had a population of around 300,000 people at the time of Chedorlaomer's attack. Since the raiders made off with all of the animal herds and any food they had stored, one may assume Adonizedek-Melchizedek's fee of 10% actually amounted to a considerable amount. That it was a tax rather than a tithe seems pretty much confirmed.

"Any good businessman could see that it was a place of great natural beauty, with rich, crop-producing soil. It was situated in a good trading position between Mesopotamia and Egypt and had the potential of making its inhabitants rich by collecting taxes from caravans that trudged along the great commercial route."
http://www.americancatholic.org/Newsletters/SFS/an0999.asp

"Another responsibility was the collection of tribute, dues and taxes which a governor would forward to the authority or hold for his local use. This might include dues used in the support of a local cult-centre. The incident with Melchizedek may reflect this. Abraham 'gave him (Melchizedek) a tithe of everything' (14:20, according also to the traditional interpretation of Heb. 7:4, 10). This act would not only acknowledge the identity of El-Elyon here with Yahweh, but would also support practice of a levy on war-spoils.(35)"

(35 Cf. Nu. 31:28. m sr is not only used of sacred payments but is sometimes comparable with the mks-tax.)
http://www.biblicalstudies.org.uk/epn_5_wiseman.html

And of considerable interest is the following concerning information on Melchizedek-Adonizedek in the Tell El – Armarna Tablets!

"The Jerusalem letters of the southern correspondence present something of much importance which does not bear at all upon the problem of the Habiri. The frequently recurring title of the king of Jerusalem, "It was not my father, it was not my mother, who established me in this position" (Budge, History of Egypt, IV, 231-35), seems to throw light upon the strange description given of MELCHIZEDEK (which see), the king of Jerusalem in the days of Abraham. The meaning here clearly is that the crown was not hereditary, but went by appointment, the Pharaoh of Egypt having the appointing power. Thus the king as such had no ancestor and no descendant, thus furnishing the peculiar characteristics made use of to describe the character of the Messiah's priesthood in the Epistle to the Hebrews (7:3)."
http://www.searchgodsword.org/enc/isb/view.cgi?number=T8649

So ultimately, Melchizedek was seen as a priest "without mother or father" (etc.) simply because the role of the Melchizedek high priest of Jerusalem was apparently an appointed position made by the ruling Egyptian Pharaoh.

Throughout history the titles of Adonizedek ("My Lord is Zedek") and Melchizedek ("My King is Zedek") were interchangeable. For instance, the Book of Jasher, which was the probable basis for the Genesis account of Abraham's meeting with Melchizedek, gives precisely the same account as the Genesis story, but uses the name Adonizedek rather than Melchizedek. Zedek – Tsedeq – Sedeq – Zadok are all spelling variations for a word meaning the god, Jupiter, (called Zeus by the Greeks) and the Temple of Jupiter was Baalbek, known as the Heliopolis of Lebanon. "Adon" is a word that when translated back to Egyptian becomes "Aten" as was established by studies completed by Sigmund Freud in the 1930's and later confirmed by more modern translators. It is also interesting that "Adon or "Aten" actually meant the "sun god" and according to John the Divine, the numeral 666 (or the anti-christ) was a direct reference to the sun god.

This makes sense because Baal (Jupiter-Zeus) was known as the god "Seth" in Egypt, and Seth was one of the nine Egyptian gods making up the Egyptian Ennead. Ultimately, the historical evidence seems to suggest that Adonizedek-Melchizedek was an appointed position and part of the Heliopolitan priesthood of Egypt attached to the Baal-Seth hierarchy of Canaan. The Hebrew name for Lord, "El Elyon" and "El Shaddi" appears to refer to the Canaanite El, the elder statesman at Baalbek as clearly defined by the Ugaritic texts. El's title was "God of Earth;" which was precisely the same title held by Geb of Egypt. Therefore Baal-Seth was seen as the son of Geb-El, who was considered "the god most high." The high priest for this Egyptian-Canaanite pantheon was the priest appointed to the position of Adonizedek-Melchizedek, an appointed position determined by the ruling dynasty in Egypt. All the above were known deities in the Anunnaki pantheon which actually originated with the Vedic Aryans of India. This in turn explains why so many people who receive channeled messages today continue to maintain that Melchizedek is the High Priest of Shambhala.

LongJohnSilver
12th November 2008, 05:32
I got some of those numbers from a free subscription from moneyandmarkets.com
Has anyone got any ideas of how those figures mentioned below will eventually wash through the system and what the possible consequences would be (Silver, Gold, Food, Country, Stability, Depression, Inflation, Stagflation etc...)

I think it will lead to Hyperinflation (Loss of value of FIAT (ie) Loss of faith) ??

Your thoughts please..


Excellent post, Mizou.....I agree I think it will lead to massive inflation, which will be disguised for as long as it can be disguised....with the usual stuff about rising energy and feedstock prices...before it develops into hyperinflation....and because the rest of the world is effectively going down the same route it will lead to a global (ah, there's globalism for you) hyperinflation, with rising prices everywhere and competitive currency devaluation....

...but i think it could get far worse than that....

if we leave aside the probability of another WAR....which is waht they usually do to divert attention from their policies and to payroll both sides in the conflict then there is this .....

http://news.goldseek.com/GoldenJackass/1226473740.php

it's Jim Willie's latest excellent article.....I tried to reproduce it here but it's too long.

LongJohnSilver
12th November 2008, 07:52
Separately, the Bank of International Settlements reports that the total value of debts and bets placed worldwide (derivatives) is $596 trillion, or more than a half quadrillion!

Debts: Too Big For Government to Control!


mizou....my inderstanding is that the derivatives exposure is closer to 1.2 quadrillion....

Kelly
12th November 2008, 08:14
izou....my inderstanding is that the derivatives exposure is closer to 1.2 quadrillion....

Oh Sweet Jesus!!! Somebody please tell me that they don't expect the American taxpayer to pay for this!

Truly, I am innocent. I don't even have credit cards. I own my own place. WTF? :confused::confused::confused:

LongJohnSilver
12th November 2008, 08:42
Oh Sweet Jesus!!! Somebody please tell me that they don't expect the American taxpayer to pay for this!

Truly, I am innocent. I don't even have credit cards. I own my own place. WTF? :confused::confused::confused:

Ve have ways and means of making you pay for this.....

Primarily, by the unspoken tax of inflation....

Then by taking your sons and daughters off to war....

If you refuse to comply we will intern you....

Resist and you will be shot....

;)

Diving Goose
12th November 2008, 08:47
Any Canadians watching our dollar go south this morning
1.2170 cdn = 1 us :o

Kelly
12th November 2008, 08:49
Ve have ways and means of making you pay for this.....

Primarily, by the unspoken tax of inflation....

Then by taking your sons and daughters off to war....

If you refuse to comply we will intern you....

Resist and you will be shot....


Nice try cupcake, but I don't think so! This is not France or England, THIS IS AMERICA, and believe it or not, some of us still have spirit! :D :rolleyes: :cool: (fk%^ing Anunnaki assholes.) ;)

LongJohnSilver
12th November 2008, 08:51
Any Canadians watching our dollar go south this morning
1.2170 cdn = 1 us :o

As other non-US currencies devalue against the $ you should see the price of your silver priced in loonies increase.

LongJohnSilver
12th November 2008, 08:54
Nice try cupcake, but I don't think so! This is not France or England, THIS IS AMERICA, and believe it or not, some of us still have spirit! :D :rolleyes: :cool: (fk%^ing Anunnaki assholes.)

I hope so, Kelly, I sincerely hope so....

If resistance doesn't start over there ir won't start anywhere....

http://www.endthefed.us/

Kelly
12th November 2008, 09:05
If resistance doesn't start over there ir won't start anywhere....

Sugarplum, I come from a long line of resistors. That's why my family came to America in 1621. It's in my blood and I am sincerely hoping I am not alone. My family has "whored around" spreading our fighting spirit since we settled GlasTonbury. And no! I do not come from Merovingian lines.

I am a fighting FREE WOMAN!!!

FOREVER! :D :cool:

LongJohnSilver
12th November 2008, 09:15
Sugarplum, I come from a long line of resistors. That's why my family came to America in 1621. It's in my blood and I am sincerely hoping I am not alone. My family has "whored around" spreading our fighting spirit since we settled GlasTonbury. And no! I do not come from Merovingian lines.

I am a fighting FREE WOMAN!!!

FOREVER! :D :cool:

Yes, yes, Kelly, but have you got an army....

Kelly
12th November 2008, 09:17
I luvs it!

http://www.endthefed.us/


Okay. I'll sign ANOTHER petition. (Damn it people! Get off of your butts and make a difference!!)

NOW! (Whether or not I have an Army remains to be seen)

PEOPLE!!!! GET OFF YOUR BUTTS AND SIGN PETITIONS. WRITE YOUR CONGESSMEN.

PITCH A FIT!!!!

LongJohnSilver
12th November 2008, 09:18
I luvs it!

http://www.endthefed.us/


Okay. I'll sign ANOTHER petition. (Damn it people! Get off of your butts and make a difference!!)

NOW!

Atta girl.........

:p

Kelly
12th November 2008, 09:40
Atta girl.........

Sweetheart, I am not a girl anymore. I am a bossy, bitchy, freaking dynomite woman who can back what she ssys up with THE REAL THING.!!!

I don't need "Thought adjustors" or whatever to tell me what to do.

All I need is the faith and the trust my ancestors had when this country began.

IT'S IN MY BLOOD! It's in my DNA.

I come frome the "whore" tribe.

I've spread "the spirit" around. You'd better believe it!

mick silver
12th November 2008, 10:34
GO KELLY GO , tHIS IS WHAT OUR COUNTRY NEEDS MORE PEOPLE LIKE KELLY , GIVE THEM HELL

LongJohnSilver
12th November 2008, 11:11
I've spread "the spirit" around. You'd better believe it!

Yes, I believe it...we will all need that spirit....and if we are to stand a fighting chance we will need to turn it on the common enemy. When we fight amongst ourselves we fall into the trap thay have always exploited...divide and conquer.....

http://seekingalpha.com/article/96723-what-effect-will-hyperinflation-have

LongJohnSilver
12th November 2008, 14:30
Just look at the loans, investments and commitments that the government has ALREADY made:

* $700 billion to the Troubled Asset Relief Program (TARP) rushed into law in September …
* $200 billion to nationalize Fannie Mae and Freddie Mac …
* $25 billion for the Big Three auto manufacturers, $29 billion for Bear Stearns, and $123 billion for AIG …
* $144 billion to buy mortgage-backed securities (Part of which is included in the item above) …
* $300 billion for the Federal Housing Administration Rescue Bill to refinance bad mortgages …
* $87 billion to pay back JPMorgan Chase for financing bad trades made by Lehman Brothers …
* $200 billion in loans to banks under the Fed’s Reserve Term Auction Facility (TAF) …
* $50 billion to support the commercial paper held by money market mutual funds — so far. (By the way, approximately $1.3 trillion worth of commercial paper would qualify)
* $620 billion in currency swaps with industrial nations, including aid to the Bank of Canada, Bank of England, Bank of Japan, National Bank of Denmark, European Central Bank, Bank of Norway, Reserve Bank of Australia, Bank of Sweden, and Swiss National Bank …
* $120 billion in swaps for emerging markets, including the central banks of Brazil, Mexico, South Korea and Singapore …
* Unquantifiable new liabilities to cover FDIC’s new, expanded bank deposit insurance coverage from $100,000 to $250,000 …

That adds up to nearly $2.7 trillion and that doesn’t even begin to address Washington’s next attempts to fight this crisis as unemployment continues to skyrocket and consumer spending continues to crash.

Now....let's go on...

1. Based on the Federal Reserve’s Flow of Funds report, there are now $52 trillion in interest-bearing debts in the U.S.
2. Based on estimates provided by the U.S. Government Accountability Office and other sources, it’s safe to assume that there are also at least $60 trillion in contingency debts and obligations now starting to kick in — for Social Security, Medicare and other pensions.
3. Separately, the Bank of International Settlements reports that the total value of debts and bets placed worldwide (derivatives) is $596 trillion, or more than a half quadrillion!

Debts: Too Big For Government to Control!




We can now add a further $27billion for AIG....

LongJohnSilver
14th November 2008, 19:37
Excellent article by Ty Andros

http://news.goldseek.com/GoldSeek/1226822520.php

and another good article by Puru Saxena...

http://news.goldseek.com/GoldSeek/1226687400.php