TheBrutalTruth
Well-Known Member
Aw, give Obama him some credit. No, really, give him some $credit$ !
I think right after the next Presidential election, about 3 months or so in.
Reality check.
Give Obama some credit?
July 18th, 2009 then.
We will cause an Economic Collapse if you audit the Fed!
- Thread starter TreesOfLife
- Start date
Give Obama some credit?
July 18th, 2009 then.
I don't think it will get real bad until after 2012.
If it gets bad before 2012 Ron Paul will win the election.
Would one of you money guys like to explain to all us yokels what will happen if:
A) we lose our AAA credit rating?
B) what will happen if we lose the world reserve currency?
If it gets bad before 2012 Ron Paul will win the election.
Would one of you money guys like to explain to all us yokels what will happen if:
A) we lose our AAA credit rating?
B) what will happen if we lose the world reserve currency?
jfgordon1
Well-Known Member
I don't think it will get real bad until after 2012.
If it gets bad before 2012 Ron Paul will win the election.
Would one of you money guys like to explain to all us yokels what will happen if:
A) we lose our AAA credit rating?
B) what will happen if we lose the world reserve currency?
NAU and NAU
Well those fuckers might have to start dressing warm sooner than they thought!Audit the Fed Update
[youtube]x797PnF06xY&feature=player_embedded[/youtube]
It will have to be a cold ass day in hell before the elite will allow an audit.
CrackerJax
New Member
The reason why they don't want an audit is three fold
1.) They are corrupt (like every other institution).
2.) There is no real alternative for the US to adopt.
3.) The audit would completely spook the folks who hold our debt. (think Chinese), and they would call in the markers, which brings us back to number 2.
1.) They are corrupt (like every other institution).
2.) There is no real alternative for the US to adopt.
3.) The audit would completely spook the folks who hold our debt. (think Chinese), and they would call in the markers, which brings us back to number 2.
CrackerJax
New Member
people would call in the old notes.... I would. After watching what the govt. did to GM bondholders... panic would ensue.
because of those very same bond holders alot of people will not invest into the USA.
even the states such as indiana who had pension funds in chrystler got screwed to death in the obama/union deal.
no one trusts hugo obama. the volume in the stock market is very very low right now. the stock market (DOW)is due for a major correction(DOWN).
the S & P will go up to around 1100 or so.. it will not be sustainable.
as i had pointed out before delinquency rates of mortgages are at around 15% or mortgages. that would be supported b y the unemployment rate ..the real unemployment rate.of around 20 %
the chinese are on a large gold and commodity hunt right now ..they are sucking up all of the gold they can get. to include mine piles of it in china that never hit the world market.
china has also been calling for a new world reserve currency.if they back their currency with gold they will have the new worlds reserve currency. no doubt about it.
and the USA dollar will b e junk.i mean more junk than it already is.
even the states such as indiana who had pension funds in chrystler got screwed to death in the obama/union deal.
no one trusts hugo obama. the volume in the stock market is very very low right now. the stock market (DOW)is due for a major correction(DOWN).
the S & P will go up to around 1100 or so.. it will not be sustainable.
as i had pointed out before delinquency rates of mortgages are at around 15% or mortgages. that would be supported b y the unemployment rate ..the real unemployment rate.of around 20 %
the chinese are on a large gold and commodity hunt right now ..they are sucking up all of the gold they can get. to include mine piles of it in china that never hit the world market.
china has also been calling for a new world reserve currency.if they back their currency with gold they will have the new worlds reserve currency. no doubt about it.
and the USA dollar will b e junk.i mean more junk than it already is.
budsmoker87
New Member
i know how you feel, but not me bro. I wanna be at the forefront of this revolution, i'm ready to fucking go, I desperately want to seek people who are as amped as I am.
we speak of mass pain and misery i hope you understand. millions will have to die. it will be a ugly thing.
that being said i think it is coming and there is nothing that can be done about it.
our government mistakes every man in the USA for pussys that will take all of this shit .
this country is the most heavy armed country in the world.
the citys right now are turning into war zones with the murder from the poverty and job loss's
sooner or later there is going to be some type of domestic terrorist attack. obama and his goons will try and declare marshal law. there will be road blocks and gun confiscation.
and with that there is going to be a huge blood bath. the roads will be cut off in and around the citys there will be no food supplied to the citys..there is only a three day supply of food in the market shelfs in most citys . a week after that the citys will be in the middle of a blood bath.
the cops will have their hands full the citizens will be killing them . the gaurd will be called out but not many people will show up as they will fear for leaving their familys behind without food.that would be the end of their government.
no more tyrants .alot fewer people left in the USA after the fall out...inner city people.
that being said i think it is coming and there is nothing that can be done about it.
our government mistakes every man in the USA for pussys that will take all of this shit .
this country is the most heavy armed country in the world.
the citys right now are turning into war zones with the murder from the poverty and job loss's
sooner or later there is going to be some type of domestic terrorist attack. obama and his goons will try and declare marshal law. there will be road blocks and gun confiscation.
and with that there is going to be a huge blood bath. the roads will be cut off in and around the citys there will be no food supplied to the citys..there is only a three day supply of food in the market shelfs in most citys . a week after that the citys will be in the middle of a blood bath.
the cops will have their hands full the citizens will be killing them . the gaurd will be called out but not many people will show up as they will fear for leaving their familys behind without food.that would be the end of their government.
no more tyrants .alot fewer people left in the USA after the fall out...inner city people.
CrackerJax
New Member
The inherent problem with that idea, although in principle I agree, is that there simply isn't enough gold to cover our debt. You can't just back up "part" of your currency. It will cause a loss of faith on the uncovered.
CrackerJax
New Member
I agree with that I'm afraid. As we print money based upon FAITH, the increasing lack thereof (by printing more money) causes our credit rating to go down and we have to pay a higher interest rate on that faith. This works of course only if there are ppl willing to assume our debt. By not following the LETTER of the law in the GM bondholder SCANDAL (yes, it is a scandal), we invite additional loss of faith, and for good reason. We are not honoring our debts with our own citizens....which makes China think it will surely get the short shrift when the chips fall.
Will the chips fall? If the current trend is maintained, it is going to happen without a doubt. We will be a cursed generation for decades (or more) to come. Truly, the most selfish to ever walk the planet, and it will be written as so.
Will the chips fall? If the current trend is maintained, it is going to happen without a doubt. We will be a cursed generation for decades (or more) to come. Truly, the most selfish to ever walk the planet, and it will be written as so.
in a stringer of threads i posted a couple of them were zimbabwe inflation and weimer republic inflations.both caused by massive printing of money..ive posted a couple of other news articles of china calling for a new world reserve currency.
and yet several others of the worlds top economists and billionaire investors saying we are headed for catastrophic results due to this dumb shit..to include soros and buffet the two main pricks that supported obama.
buffet is proffiting heavy from the bank bails soros is making out big shorting our currency.
cock suckers would starve and kill their own mothers for a dollar.
soros is being sued over starving indonesia.
and this guy is the main backer of the democrap party? WOW we are in for trouble.
and yet several others of the worlds top economists and billionaire investors saying we are headed for catastrophic results due to this dumb shit..to include soros and buffet the two main pricks that supported obama.
buffet is proffiting heavy from the bank bails soros is making out big shorting our currency.
cock suckers would starve and kill their own mothers for a dollar.
soros is being sued over starving indonesia.
and this guy is the main backer of the democrap party? WOW we are in for trouble.
CrackerJax
New Member
If a world currency is established it will have to be upon the ashes of our nation I'm afraid.
China is playing a very shrewd game. They have absorbed the majority of our debt, all the while building a blue water navy in earnest. They will soon have submarine superiority. In addition, they have been running around the world with lucrative contracts buying up as many resources as they can. They scoff at Global warming, building as many coal plants as they can. They are buying rights to oil reserves on a global basis and again, in earnest.
Put the pieces of this puzzle together, and match it with the US policies, and it paints a very very dark picture. Very dark....
Someone is PLANNING on a vacuum developing....
China is playing a very shrewd game. They have absorbed the majority of our debt, all the while building a blue water navy in earnest. They will soon have submarine superiority. In addition, they have been running around the world with lucrative contracts buying up as many resources as they can. They scoff at Global warming, building as many coal plants as they can. They are buying rights to oil reserves on a global basis and again, in earnest.
Put the pieces of this puzzle together, and match it with the US policies, and it paints a very very dark picture. Very dark....
Someone is PLANNING on a vacuum developing....
TheBrutalTruth
Well-Known Member
Who says we have to do anything with the Dollar?
The government should just announce that it will permit gold and silver coinage to circulate, and repeal legal tender laws. The dollar will still be legal currency, but so will the Gold and Silver Coins.
The better of the two will win.
CrackerJax
New Member
But you can't match them up.... there's the inherent problem. In the end you would UNTETHER the two farther apart than it is right now. You would end up with TWO separate currencies, of which most would seek gold, driving it to dizzying heights.... another bubble. On the other end of the spectrum, we would come back to the dollar being shunned and margins called...... eradicating any gold reserves quickly, since no one would want to be paid in dollars.
Yikes!
Yikes!
OregonMeds
Well-Known Member
Someone please explain the point of printing a bunch more money? We live in the digital age and they're not handing out cash to anyone so what is the point and where does it all go? People cashing out large bank accounts for paper money? Toilet paper shortage? What?
CrackerJax
New Member
A good deal of it is shipped directly overseas. It's a world currency based upon the worlds trust that the US pays its debts. It's all based on trust, and that is exactly what Obama is throwing away.... trust.
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