Scary times coming

[MaadDaawg]

Gold hit it's all time high of $1411 per oz yesterday, silver is over $26. The Fed is printing another $600B + to monetize our debt (something bernake and the other tax cheat said they'd never do) and lower the value of the dollar.

Welcome to a world today when everything you buy will cost more, because your dollar is worth less, prices will go up. Theoretically, you would then get raises to offset the increased cost of goods, but, with 18M out of work that's not likely to happen.

EVERY time a country has tried to buy it's way out of debt by monetizing it, has led to hyper inflation. A few years back it led to the Weimar Republic in Germany and the election of Adoph Hitler, culminating in WW2. Or a little less dramatic, but equally as scary, the Japanese and their lost generations created by trying to buy their way out of debt with more debt. Just don't fuckin work

No matter what you think of Glenn Beck (:thumbsup:), he's been the only one on this story for the past two years, and scarily, his predictions are coming true. If you never listened to him then the fact that the leaders of our major trading partners are lecturing the US on it's monetary policy and how it will lead to the potential collapse of the world wide monetary system then the fact that it's happening won't have the significance to you that it should.

If you read the wall Street Journal, the top story on page one was how all the world leaders are lecturing the US on it's monetary policy and how adversly it is hurting their own economy. The time for the great world depression is getting closer and believe it or not, it's all part of the plan.

If possible, watch Glenn Beck today where he's going to focus on George Soros, the man who brought the bank of England down a few years ago and how he plays into this. Virtually every left wing group, and many news outlets are owned and paid for by George Soros (35 wealthiest man in the world) Those of you who watch or listen to Glenn know him as "Mr. Spooky Dude"

Shits falling into place Bros - buy gold and silver lol

Seriously, a study done by a panel of economists shows that if the economy follows the historical trend after this sort of monetizing of the debt then within a matter of years a loaf of bread could cost $25. If you shop, you know prices are already going up and they'll go up a great deal more next year thanks to our Fed.

Something I didn't know until recently, and I worked very closely with it in my job, is that the CPI indicator of inflation does NOT INCLUDE the cost of food or labor because they are subject to too many outside influences.

Also, today's inflation of 1% would have been 10% 10 years ago before they changed the method of measuring it.

I'm old enough to remember Jimmy Carter and 25% inflation, gas lines around the block, and being told by our president that the American Century was over. We would have to live with "Stagflation" as he called it, for a long long time.

Then Ronnie came and saved us... is there a Ronny out there now? Haven't seen or heard from him/her yet :shock:

Unfortunatelly, this isn't a gag post :eek:

[Hondacity]

damn gold was like 300-700 15 years ago?

i wonder how i can change my investment portfolio...

glenbeck is the best imo :D ..gotta find his twits :D

[MaadDaawg]

He's live on Fox news cable at 1600 Central Time (Chicago time). On u-verse it's channel 1210 here, prolly something else where you are.

[Mr.Scott]

I'm old enough to remember Jimmy Carter and 25% inflation, gas lines around the block, and being told by our president that the American Century was over. We would have to live with "Stagflation" as he called it, for a long long time.

I'm your age MD. I remember this too. This time it's gonna be worse.

[kikicoco1334]

how old are you guys?!:eek:

[Hondacity]

they're as old as your dad ..lol

jk

[MaadDaawg]

Probably much older than your dad Kikki :P

(I'm old enuf to take money out of my 401K or IRA tax free accounts without paying penalties!)

Mr Scott - much worse - no comparison worse :eek:

If you read the wall street journal today, commodity prices are way up, not just gold and silver but corn, soybeans, etc. You might want to start hoarding canned vegetables and soups etc, anything with a long shelf life cause it's only goint to get worse from here

Part two of exposing the "spooky dude" George Soros on Glenn Beck today. Scary shit I'm telling ya, you really should watch cause the shit's gonna hit soon


Caveot Emptor
I am a non politial spokesperson. The views contained in the above referenced material do not necessarily reflect the views of the website owner(s) and are my opinions based on research and reading following what's happening in the world via Fox News and the Wall Street Journal. Any viewers who believe Glenn Beck is a nut, or, believe that MSNBC, NPR, or the New York Times ares the true source of unbiased news and opinion should disregard this post for mental health maintenance purposes. There is no implicit or implied liablities upon any individuals or institutions and all such afformentioned are fully indemnified hereof. It should be hoted however, the the person who took Keith Oberman's job has declared himself a socialist live on air and that this destruction of our Capitalist way of life is perfectly following the plan of William Ayers (former Weather Underground Radical bomber and current good friend and sponsor of one B Hussein Obama) as financed by one George Soros. These are established facts, not conjecture and tend to support the opinions opined above.
:argh:

[MaadDaawg]

just to reinforce what I said above on commodities, just found this online:

"Corn is up 45 percent in the last three months. After skyrocketing, cotton prices have reached historic levels (up 149%). Soybeans are up. Oil is up. Gold, copper and silver are up. So are coffee and cocoa. Beef prices are up. Almost every commodity is up by double digits.

Shadowstats.com, a website run by meticulous numbers man John Williams, gives a more accurate picture of inflation reality than proclamations from D.C. While the "official" government figure for inflation is 1.1 percent, Shadowstats proclaims a shocking 8.5 percent."

Dudes, don't mean to be the bringer of bad news, but... your my Bros and we're all about to be introduced to Obama's "Change", but there ain't gonna be no hope. Commodity prices rising with the official inflation rate at 1.1% is scary shit... it aint' natural. What will this stuff cost when inflation hits 5%, 10%, 50% ???

We are looking flat assed into the face of a worldwide depression :eek: Ain't gonna be no one to pull anyone elses butt out of the shit once the bottom drops out. And whats our government doing - printing, printing, printing ... either Obama's a total horses ass, or, things are going according to plan.

Keep your fingers crossed, and do what you can to get ready (my meager gold and silver purchases are already up :D )

Wish I was rich so I could buy more real quick, but, ain't gonna happen (we need a crying imoticon dammit lol) :eek:

Save caveate emptor applies to this post :morpheus:

[ReverendMaynard]

Don't take this the wrong way Maad, or anyone else here....but seriously screw anything that comes from Fox News and Glenn Beck with it.

[rickss69]

Exactly - We would have to be idiots to believe in facts...

[Chuchnit]

DDon't take this the wrong way Maad, or anyone else here....but seriously screw anything that comes from Fox News and Glenn Beck with it.

Umm I watch Fox personally. I'm not saying they are perfect, but have you seen the shit that's on CNN or MSNBC? All three have their bias but only one has REAL reporters that don't show their true colors when reporting or interviewing people. That is Fox with Brett Beir and Chris Wallace. Even CNN's "reporters" show their bias at times.


That being said, they are in business and need a target audience. It is quite obvious what demographic each channel is going after and I don't see any of them trying to deny it.

[MaadDaawg]

some more coverage. QE2 in this instance is not the Queen Elizabeth 2, but the second round of "Quantitative Easing". A nicer sounding word than the second round of de-valuing the dollar.

Fed money-printing scheme
triggering bond price meltdown!
by Mike Larson

Dear Subscriber,

Larry Edelson

Since talk of new money-printing first surfaced a few weeks ago, 30-year bond yields have jumped sharply higher — from 3.46% to 4.32%. That's a 25% surge in borrowing costs!

It's the biggest interest rate rise in a year — and it's showing no signs of slowing. Yields surged yesterday after a lousy auction of 10-year Treasury Notes. Then they surged AGAIN today after the sale of $16 billion in 30-year Treasury bonds bombed.

Ironically, this is exactly what Bernanke said would NOT happen:

In fact, the Fed chief's main excuse for printing $600 billion over the next eight months was that the money was needed to buy up bonds and LOWER long-term interest rates!

But just as we warn in our online presentation, global investors in U.S. bonds are recoiling in horror — and for good reason:

They know that the Fed money-printing will drive the REAL value of their bonds down sharply!

No wonder they're dumping U.S. bonds, driving the prices lower!

And no wonder they're demanding higher yields, driving long-term interest rates higher!

Moreover, bonds are just ONE of the five asset classes directly impacted by the Fed's new money-printing scheme. The others are:

* Currencies. As the Fed drives down the value of the dollar, it drives UP the value of major foreign currencies. Meanwhile, right now — TODAY — the Fed's money printing plans are wreaking havoc at the G-20 meetings in Seoul, South Korea.

The main problem: Foreign nations are concerned that this massive supply of newly-created dollars will flood into their economies and drive their currencies through the roof!

* Precious metals. Despite a correction that began last night, gold and silver are still in massive, long-term bull markets.

* Agricultural commodities. Since QE2 talk began, commodities have been on a tear. They're rising even faster than bonds are falling.

* Stocks. QE2 has mixed impacts on the U.S. economy and stocks. But for emerging markets, the combination of strong domestic growth and a rapid influx of U.S. dollars has been extremely positive.

QE3 & QE4 are almost certain to follow.

Funny, no one wanted to buy our new money..... not good folks

[MaadDaawg]

exactly what's being counted on Rick :rofl:

[Chuchnit]

some more coverage. QE2 in this instance is not the Queen Elizabeth 2, but the second round of "Quantitative Easing". A nicer sounding word than the second round of de-valuing the dollar.

QE3 & QE4 are almost certain to follow.

Funny, no one wanted to buy our new money..... not good folks

Dr. Doom aka Rubini is saying he definitely sees QE3 & 4 and doesn't know if it will stop there. For those of you don't know this guy, he actually wrote a book on this whole crisis before it happened. :)

[MaadDaawg]

No offense taken Rev - only problem is they show the various people live on camera actually saying the things they say.. there is no un verified references, yoiu get to see the various players talk about the little people who can be manipulated because they "all have a little Homer Simpson" in them.

There can't be, actually is there no question that the Fed is printing tons of money - They've already announced and started printing QE2 which will be over $600B USD. They've made no contention to the fact that this is being done to monetize the debt, and there is no way in hell you can print money to pay your debts without igniting inflation. Add to all this that Europe, China, India, Japan et al are also just holding on, and it all adds up to one big fuck everyone when the shit goes down.

I'm hoping I (and Glenn) are wrong, but don't see how it could go any other way at this point.. it will get worse before it gets better :blink:

[Chuchnit]

No offense taken Rev -


Ditto. No offense taken here either.

[MaadDaawg]

:threadjacked:

By the way Rev, been awhile since we seen any new family pics Bro :D

:picmonster:

[Patch]

Right you are MD, but be careful about putting too many eggs in the gold and silver basket. They aren't the universal commodities they were in days of yore. They are pretty much considered "safe haven" because of a general consensus that they are a safe haven, not because of their intrinsic value. It's starting to stink like tulips, semiconductors, and real estate - just waiting for the pin to poke it. I think Glenn has a message that's good for our country, but he is also stroking the hand that feeds him with his buy gold and save seeds message.

I don't know where you guys should put your resources, but now more than ever is the time to be widely diversified and make sure you have some universal skills. I'm just hoping housing prices plummet a bit more in the next 24 months so I can afford my dream house.

[MaadDaawg]

Shit Patch, I'm hoping the housing market recovers so I won't be underwater anymore. Unfortunately, I think you'll be the winner on this one so be ready.

I own a very small, very small amount of silver and far less gold. I have my portfolio very diverse (I'm into 5 asset classes in my IRA). But, if you recall, I did say stock up on canned goods too :rofl: Being unemployed makes it tuff to buy gold in any quantity :blink:

The guy that did the "survival seed" commercial that used to air on Glenn Beck was my next door neighbor back then, he's since moved - weird :P

[DrNip]

I put my money in the stock market. Been killing it. Wish I would have sunk more into it a year ago. Banks ain't paying me squat in interest. I know stock market could crash, world could burn but it is what is an its lining my accounts with dough. Gold and silver is too boring. True it will hold its value if the dollar should go ape shit but I figure if that happens the world will be doomed, riots will happen, pandemonium, violence, etc. I try not to listen to too much news as it is bullshat or has alot of bullshat being reported. Jim Cramer was spot on on many of things that have happened since 2007. We will make it thru this. I'm not trippin.

[DrNip]

I'm not offended but others might be or might get offended as we are in the "General Discussion" forum so I am asking those that were out of line, above PG-13 or attacked others in the thread to please edit their post and clean it up or I will. If you need reference on how to conduct yourself here at the forum please follow the link:

http://www.overclockaholics.com/forums/showthread.php?t=25

Thank you and have a great night. :D

[MaadDaawg]

Hey Nip,

You should never have all your money in one asset class (like stocks) even in the best of times. You need to get that portfolio of yours diversified Bro.

Now, one more time :P

:threadjacked:

Rev, still waiting on some pics of the little one. You and the wife would be cool too :D

:picmonster:

[MaadDaawg]

PS. Patch-

I agree with your statement regarding gold and silver, that's why most of the small amount I've bought has mostly been in the form of Rare US Silver Dollars (but not so rare as to be a whole lot more than the current melt value lol ), that, and a few Silver Eagles which are legal US tender.

I'd advise everyone not to buy "art bars" or "copy coins" or even junk silver cause it'll need to be assayed before it can be sold, or, you won't get crap when you try and sell it

[DrNip]

Oh its not all in the stock market. A good chunk of it is but not all of it.

[spfoam1]

Political correctness and tolerance of a failed ideology is what brings the "scary times" closer and closer. I won't listen to that BS here. Take that any way you want to.

[MaadDaawg]

Political correctness and tolerance of a failed ideology is what brings the "scary times" closer and closer. I won't listen to that BS here. Take that any way you want to.

Political Correctness is thankfully on the downturn, the "socialist democrats" (funded by George Soros) are what is bringing the scary times closer and closer. Actually, the scary times are already here, the full effect just hasn't hit yet. The damage Obama, Pelosi, and Reid did to the country unfortunately can't be just reversed and everything will be wonderful.

What scares the hell out of me the most is what the lame duck session of Congress and that guy born in Kenya might do to us this fall !!!

BTW - my apologies to anyone supports Obama and became upset over what I wrote. I'll leave it there.

[DrNip]

Subjects that don't fair well in forums:


Politics
Religion

[Chuchnit]

MD I must say that I've watched the show both today and yesterday. I'm honestly not too impressed with all this info he's throwing out there. I mean sure he's shedding light on all of his dealings within media and other sources, but he isn't bringing it all together. I don't know if it is my lack of trust for ANYONE in media or just general skepticism. That doesn't mean I think the man is wrong. I just think he's way too goofy and alarmist to be taken seriously by the masses. It has a lot to do with his presentation.

Now the reason I don't think his preaching nor anybodies preaching take a strong root is because they don't teach the differences in both sides. With Beck I just don't think he understands the economics of it enough to explain. With the media in general, I think they assume too much that people generally understand what capitalism and socialism is. I have been to almost forty states, lived in three, and worked with those from all fifty plus foreign countries. The general public can't accurately describe what either entails. After all both economic forms are just that, economic theory. I'm not going to get into this discussion here, but until the public is educated on at least the general theory of both economic models, nothing will change.

[DrNip]

Thank you for those that did edit or delete their posts but for those that didn't, I edited them for ya.

[ReverendMaynard]

Thanks for the edit Dr Nipples Von Nippenstein. And thanks for not taking offense to my comment.

[DrNip]

Just trying to keep it clean. :D

[MaadDaawg]

Chuchnit, couldn't agree with you more on the general public. I too was disappointed by the last two days shows since like you said he didn't really tie anything together. Maybe today's?? It's a 3 day bit.

Nip, agree with you too. Politics and religion don't do well on forums, but I honestly started this discussion because I think there's no way we're gonna get out of this before things get much worse. If I wandered it into politics, my apologies. If someone else did, it's my natural instinct to go on the offensive :rofl:

REVERAND MAYNARD
:picmonster::picmonster::picmonster::picmonster::p icmonster:

[spfoam1]

I didn't have a problem with your post. Your language was not nasty like Maynards. It was a hypothetical comment and the only real problem some have with it is that it suggests you are a conservative. Liberals always act like thier dress just got dirty when anyone conservative expresses themselves. It's supposed to be OK for them to say "screw fox news" (or worse) though. What a freaking double standard.

[MaadDaawg]

Ain't no doubt that's true. The party of inclusiveness gets pretty ugly when you don't agree with them :P