http://www.zerohedge.com/news/2012-1...-gold-holdings
Another country demanding it's phsyical gold.
This is going to snowball....and fast.
"Like an army falling, one by one by one" - Linkin Park
LOL, from the comments....
doomandbloom
Lets 'democracy' Ecuador.
$1.7 billion worth.
Ahahahahahahahaha. I may not survive the laughing fit if this turns into an international run on gold.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Please please please. You didn't give us the nomination, please God give us a run on gold. Pretty please. I'll stop picking on Collins.
"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
—Charles Mackay
"god i fucking wanna rip his balls off and offer them to the gods"
-Anonymous
Rehypothecation times 30 has many, many claims on the same gold. As these CALLS on these claims roll in, it will be apparent that the paper claims are FRAUDULENT. It will drive the price up, much, much higher.
What happens when 30 people, all with a promisary note for the same asset, call on their claim?
Calamity. And much higher prices.
Originally Posted by Zippyjuan
"Like an army falling, one by one by one" - Linkin Park
Confiscation came to mind.
They tried it before.
http://photos.imageevent.com/stokeyb...singleTiny.jpgClick to embiggenhttp://photos.imageevent.com/stokeyb...yvaluetiny.jpgClick to embiggenhttp://photos.imageevent.com/stokeyb...strialtiny.jpgClick to embiggen
Yeah, but Burnthankey said gold isn't money.
LOL!!!
It is exactly this.
"Like an army falling, one by one by one" - Linkin Park
Confiscation was done when the USD was pegged to gold. This time around, it's a paper promise, there is no backing...PRINT PRINT PRINT.
As planned, Americans have no gold (other than a tiny minority).
"Like an army falling, one by one by one" - Linkin Park
Buy silver and gold while you still got a shot.
I know November-December is typically when the PMs crash but I got a feeling we might be in for something different.
Those who don't at least buy Silver are going to be kicking themselves so hard in 12 months. I personally believe we'll never see sub 30 silver again and monday and tuesday was the time to buy.
I made significant purchases on Monday and kind of hope that the metals get smashed in Mid-November like they tend to do so I can stack more. I'm not willing to risk it though...
The time is now folks, the time is RIGHT NOW.
It's just an opinion... man...
Nov- Dec is one of the PMs STRONGEST seasons, NOT crash season.
"Like an army falling, one by one by one" - Linkin Park
It would mean hyperinflation. Weimar, but all around the world. Literally, all over the world. Next, finger pointing. And then missle pointing. And then military breaches of Soverign borders.
Some lessons are learned through reason and time. Some are learned through catastrophic entropy. We are facing the latter.
"Like an army falling, one by one by one" - Linkin Park
Recent history has shown this is not the case in election years... tptb try so hard to make things seem all kosher when an incumbent in up for re-election.
It's just an opinion... man...
If there was a run on gold it would be no laughing matter..collapse really wont be that funny
Yep which is why I have said since the outset that Obama will get re-elected. Much easier for war with Obama rather than Romney.
TPTB have lost control of events, and are rapidly losing the ability to mask the damage they have done. This year, and for a number of years to come, we will see conditions unlike we have seen in the past, rendering many previously reliable rules of thumb useless.
First one out of the Ponzi / MLM scheme wins, right?
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
It will be the ugliest thing most people in the US have ever seen. But then, most of them fail to notice the giant police state building around them. I'm fairly confident they'll get to meet it.
We have allies many of you are not aware of. Watch the tube. Show this to your 30 and under friends. Listen to it. Even if you don't like rap, it has 2.7 million views.
http://www.youtube.com/watch?v=kmBnvajSfWU#t=0m16s
Cut off one min early to avoid war porn.
Made me lol
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
It is going to happen eventually. Might just as well see the humor in it while you can.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Confiscation, from the Latin confiscatio 'joining to the fiscus, i.e. transfer to the treasury' is a legal seizure without compensation by a government or other public authority. The word is also used, popularly, of spoliation under legal forms, or of any seizure of property without adequate compensation.
IIRC the Govt requested that you turn in your gold and in return they compensated you the going rate for it. It was NOT a confiscation.
No, they made it ILLEGAL to own gold (except in jewelry and numismatic coins), with serious penalties for failure to comply, and ordered banks to seal safe deposit boxes to be opened only in the presence of a government agent who would then take any gold. Yes, the government paid compensation for the gold it took, but at a government-mandated price, and shortly after the confiscation the government promptly raised the dollar peg to gold by 50%. So, yes it sure as hell WAS a confiscation.
Last edited by Acala; 11-01-2012 at 10:24 AM.
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
When you have 100 years to set up and execute a plan and you control all law and order, it's doubtful that the transition will be out of control. Messy, yes, but most certainly carefully planned and executed.
If they can make a billion people believe that pledging your home to get the currency (which is backed by nothing) to purchase that home in exchange for a percentage of your future earnings is cool, they can most certainly make 7 billion people believe that the same scenario is cool if the new currency is backed by a % of your countries resources.
That might explain the recent scramble to retrieve, invade-and-confiscate or purchase the worlds reserves of gold, silver, oil, water, coal, natural gas, rare earth metals, etc.
Actually, if they force you to turn in your gold, "compensate" you $20.67/oz. then subsequently sell it for $35/oz days later, that is confiscation. They effectively confiscated 40% of your wealth overnight.
Would you prefer "seized" instead of "confiscated"? Take your pick. Regardless, they threatened you with prison time if you didn't relinquish your property to your lords and king. Talk about being concerned around the margins...you're debating semantics as opposed to the illigitimacy, illegality, and immorality of the program.
R[∃vo˩]ution
I believe the very heart and soul of conservatism is libertarianism. -Ronald Reagan
So when do we invade Equador and Germany?
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
"Order out of chaos"
The plan: Controlled demolition of the USA.
If you are within the space that is to be destroyed (economically and socially) you are a mere peon (collateral damage) and you are of no concern to the overlords.
The USA is being set up for a massive controlled demolition of its ENTIRE fabric.
The threads have been pulled apart, one by one. The clothe is tattered and nearly destroyed. All that is left is to pull on the big string and the entire thing will unravel.
The USD is the big string.
If it is true that the fate of human kind is that of greatness, the truely great are now at the crossroads where fate must be forced.
Do not comply with the overlords. Never.
Last edited by Seraphim; 11-01-2012 at 11:10 AM.
"Like an army falling, one by one by one" - Linkin Park
The collision between the Immoveable Object and the Unstoppable Force is going to shatter the worldview of the masses. Prepare. It is fast approaching.
We are the Immoveable. Never forget that.
"Like an army falling, one by one by one" - Linkin Park
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