BB, beware. Charlotte pipe is your friend. I was reminded by a friend today as he handed me a copy of executive order 6102 when the banking cartel used the office of the presidency to rob the American serfs of thier wealth. Don't think they wouldn't do it again!!!!!
Given current events around the world and in Washington DC, we watch as QE2 gives way to QE3 and eventually QE5 through QEas the global economy slips over the edge into oblivion. The dollar dives, race riots break out as welfare checks and food stamps are reduced or even stopped, stock markets around the world collapse and unemployment rockets higher as the Chinese and other foreign interests see no benefit in holding devaluing dollars as reserves .............. while hard assets become items to preserve value and for barter. Silver and Gold prices soar to new records (not daily but minute by minute), those in debt are suddenly unable to pay debts as the dollar collapses and only those who are debt-free and well supplied living in remote small communities or very rural areas are left largely unscathed. The Powers That Be (PTB) remaining in control of any semblance of a functioning government will have no choice but to declare nation-wide martial law with demoralized troops issued "shoot to kill" orders on looters, criminals, defenseless citizens, anyone who may appear to be a threat. Armed Gangbangers move outward from the inner cities into the suburbs raping, pillaging, destroying and murdering as they go. The military (national gurad and standing armies) abandon their posts to be with their families (as they did during Katrina). The US Government falls - Chaos ensues - Everyman, woman and child for him/herself.
George Soros laughs - and scapegoats The Tea Party Movement - The Leftist Propaganda Ministry Media (CNN, NBC, ABC and CBS) gleefully joins in its witch hunt against fiscal Libertarians-Conservatives who have warned of such an outcome. Uneducated masses demand "something be done" and sell their freedom and liberty for percieved security. The Constitution of the Untied States of America is "officially" declared null and void. Conservative and Libertarian politicians are rounded up and taken to Fusion Centers - some simply "disappear". FEMA Camps are set up for the "Safety" of scapegoated sympathizers of The Tea Party Movement, known Libertarians and Conservatives. Western Mountain States and isolated communities around the antion will become the last bastions of remaining liberty. A new Civil War begins as Progressives align with foreign Socialist Regimes to gain total power and control. A New World Order (NWO) is born. The American Dream is dead - Welcome to Mad Max.
It will most likely start out like this - For your Sunday viewing pleasure:
+ YouTube Video
http://www.youtube.com/watch?v=2N8gJSMoOJc&feature=player_embedded
When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin
If You’re Losing, Change the Rules
By October 3, 1979, silver hit $17.88 an ounce.4 The two major U.S. exchanges, COMEX and CBOT, started to panic: They held a measly 120 million ounces of silver between them, an amount typically delivered in a busy month.5 With silver prices pushing to new heights as new buyers rushed in, the exchanges became fearful that a default (inability to deliver) was imminent.
The silver rush continued to accelerate, led by the Hunt brothers and their Saudi Arabian business partners. The Commodity Futures Trading Commission (CFTC), the government’s futures watchdog, had become seriously alarmed at the prospects of a shortage on the exchanges, and tried persuading Bunker Hunt to sell some of his silver.
The billionaire resisted, believing that silver was a long-term play with an integral role in the future global economy. The CBOT, backed by the CFTC, finally decided to put a stop to the Hunt brothers’ buying—by changing its rules.
Margin requirements were suddenly raised, and traders could hold no more than 3 million ounces of silver futures; those holding more were placed in forced liquidation. Bunker Hunt cried foul, accusing exchange board members of having a financial interest in the markets—an accusation that would later be proven true.
Then, the U.S. Federal Reserve and its chairman, Paul Volcker, added to the Hunt brothers’ troubles by strongly encouraging banks to stop making loans for speculative activity.
On January 7, 1980, the other major U.S. exchange, COMEX, changed its rules also. Investors were limited to 10 million ounces in futures contracts, and any amount above that had to be liquidated by Friday, February 18.6 On the very next trading day, Monday, January 21, as silver reached a record high of $50 an ounce, the Hunt silver hoard peaked at a mind-boggling $4.5 billion, (that’s $43.5 billion in Shadowstats CPI-adjusted 2011 dolars!)5
On the same day that silver hit $50 and silver futures topped out at $52.50, gold’s price set a new record of $850 and gold futures peaked at $892. COMEX, terrified that it would be forced into default, announced—with the backing of the CFTC—that trading in silver would be limited to liquidation orders only, eliminating any buyers.
With no new buyers, the price of silver could not go up. So this rule was basically the same as saying, “Until this rule is lifted, the price of silver will only go down.” Of course, silver began to plummet, and on that same day so did gold.
On Silver Thursday, silver dropped from $15.80 to $10.80 an ounce. The stock market also crashed, fueled by rumors that the Hunt brothers would liquidate stocks in order to cover their silver losses. Because most of their silver bullion had been purchased at under $10 an ounce, the Hunts were still ahead of the game on their physical silver. But in the futures market, where their average purchase price was near $35 an ounce, it was a different story.
It became easy for the government to label the Hunt brothers as market manipulators—both in the court of law and in the easily swayed court of public opinion. Bunker Hunt filed for personal bankruptcy and was charged with trying to corner the silver market. He settled with the IRS for $90 million and was fined an additional $10 million by the CFTC.7
Why were the Hunt brothers torn down? Gold and silver are the canaries in the coal mine: Their spiking prices reflected the public’s loss of confidence in fiat currencies—like the U.S. dollar. So, the government and banking establishment had a vested interest in keeping gold and silver prices from exploding.
Continued: http://www.marketoracle.co.uk/Article27513.html
Black Blade: Are we due for some "intervention" perhaps? Not just in silver but all commodities. The USD is caught in a death spiral. Just can't create $Trillions out of thin air without consequences. Those dollars have to go somewhere and now with foreign holders of our debt selling and funds (like PIMCO) shorting government paper (Treasuries and Bonds), what other alternative than commodities? The Euro - are you kidding me? The PIIGS have made the Euro toxic waste. The Yen? After decades of negative growth topped with a natural disaster and nuclear reactors gone critical, the Japanese won't provide much cover either. Going to be tough to cap precious metals but rest assured, powerful interests will try. I think they will fail because after several decades of using every mechanism in the arsenal to cap silver and gold prices, it is like a coiled spring ready to break loose.
When you're born you get a ticket to the freak show. When you're born in America , you get a front row seat. - George Carlin
Thanks Blade for the "what if" film.
You cant keep printing money out of thin air. Knowing what happenned in Germany after WWI, maybe one should borrow heavily and buy commodities (Food, gold, silver , lead and lead delivery devices) and pay them back with worthless greenbacks.
A loaf of bread...pony up stacks of 100 dollar bills equal in size to the loaf.
As Betty Davis said in a movie a long time a ago.."Fasten your seat belt, its going to be a bumpy ride."
Or, the Hunt brothers tried to force the market and got caught holding the bag. There's two sides to EVERY story. It ain't as cut and dried as all that.
My personal opinion is that the Hunt Bro's tried to corner the market for personal gain and got caught. Commodity (industrial) silver wasn't worth what they were trying to force it to be at that time. The Hunts were not savant nor heroes. Capitalist manipulators, perhaps.
I have a daughter. I tell her, "911 is what you dial after you're raped. 1911 is what you should have before they try."
The Fed started doing that to help finance the war against the Confederacy. The practice was revived with a vengeance when Roosevelt's Raw... er, "New" Deal decided we could buy our way out of the Depression with funny money, which we're still printing by the railcar-load...Originally Posted by SouthTexasGuy
Meanwhile, Confederate money is worth more than its face value, and has appreciated steadily over the years.
Of course, like gold, there's only so much authentic Confederate currency to be had, and you can't just wave your hand and create more. *Any* finite resource will do to anchor a currency; gold is pretty and portable, giant stone wheels are a little awkward to deal with.
The "primitive" societies that rated their wealth in terms of livestock don't look so silly now. If your cow dies, at least you can eat it. Try doing that to a stack of Federal Reserve Notes. Well, you probably *could* eat a stack of greenbacks, but you'd probably want some horseradish to go with it...
My presious metals, Brass, cold steel,and lead, with that I can get what I need when the TSHTF,I don't need no stinking gold!!
Im storing Twinkies. Ever notice how on the older Twinkies, the expiration date has a month and day but no year? Thats because they never expire! The true expiration date would have to be expressed in scientific notation!
When the earth succumbs to nuclear war, or is hit by a comet...3 things will remain.
1.) Cockroaches
2.) Twinkies
3.) Gunco members with guns, ammo and Twinkies!
Twinkies.....its the new gold replacement!
i hear al-quada is experimenting with twinkies as a Bio-weapon!
j427x, Thanx for the heads up! I will swiitch to my large stash of "Lil Debbies", since those snacks dont expire either!
It pays to have multiple currency streams!
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