What percentage of the population has a year's supply of food stockpiled, would you guess?
What percentage of the population has a year's supply of food stockpiled, would you guess?
Rand can win in 2016 only after the security guards will listen to us rather than the establishment hacks and only after we are able to ensure that the rules are followed and the votes accurately tallied.
If China introduces a new reserve currency backed by gold all the currency we have sitting in vaults as other country's reserves would come flooding back.Originally Posted by bxm042
Since 90% of money is digital... yes... it could be minutes.
It's thought that over half our currency exists outside the country... it would really be a matter of days for it all to come flooding back as nations drive to the Chinese Gold Yuan instead.
At once our market would collapse. It's how China can destroy us without having to fire a single bullet. I think this is what they are planning on doing but they know they aren't ready. In 5-10 years they might be.
Not to mention 85billion is being printed per month, indefinitely, to prop up our toxic economy. In 12 months that's another trillion bucks...
I just don't think Americans have any idea how bad this is all going to be. I really do fear for us.
Last edited by NoOneButPaul; 12-19-2012 at 07:48 PM.
Proud member of the Silver Liberation Army
One thing to keep in mind is that for the money to come back, it has to be traded for something. They don't just send it back for nothing. (Well, they could; or they could just burn/delete it, but why would they?) So what would they be trading it for, and how long would those transactions take?
I'm betting on a slowly continuing malaise that "they" manage reasonably well so that the sheeple continue to be fooled. Things gradually get worse, but not so fast that there's a revolution. Meanwhile I'm doing all I can to get self-sufficient and build up resilient communities that use alternatives like bitcoins and Shire Silver.
Aren't there a lot of things people can buy easily, like stocks? One possibility is that the government will close the markets to prevent the flood of dollars from coming back. But I'm sure that will backfire somehow.
A friend of mine is a libertarian but he doesn't believe anything bad will happen to the dollar. He just retired and I'm guessing he has around a million in his 401K. Mostly in treasuries. He came thru the 2008 collapse unscathed because all he had was dollars. If the dollar collapses he's going to go from planning his next cruise to trying to find food. And there's going to be millions like him. What if a politician promises to confiscate gold and distribute it to people like my friend who got wiped out holding treasuries. The politician could say "Hey, it's not your fault you got wiped out. Why should people who were patriotically supporting the US get wiped out and others who were undermining the US by holding gold get rich? It's not fair." The scary thing is that even a principled person like my libertarian friend would probably vote for this politician because at that point it would be his best option.
So should I start buying chinese yuan or what?
Hyperinflation is defined as a complete loss of faith in the currency. The actual m/m inflation percentage is not particularly important to the definition, it's really more of a symptom of the loss of confidence than its cause. As you can't get any more than complete, there's no step past that to add another "hyper" to.
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
Hyper-hyper, in the sense that the value of the dollar could be wiped out in an instant. Due to things such as financial computers that are designed to automate the response to situations such as this.
The dollar could become glorified toilet paper with literally a press of a button.
The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.
For the most part, foreign governments don't hold physical dollars, or even digital dollars. When foreigners sell us stuff, the dollars we pay them with don't leave the country. The foreigners can invest those dollars in building manufacturing plants, buying US goods for export to their country, investing in US financial markets, or they buy US government bonds. The trade deficit historically has funded a large part of the federal budget deficit. Before foreigners can start buying things like stocks, the bond trade has to be unwound, either by letting them mature or by selling the bonds to a bigger idiot. Stocks can be bought in minutes, but getting out of a bond position that huge will take time.
Last edited by enoch150; 12-20-2012 at 07:07 PM.
Here is the "gold standard" of hyperinflation:
- Negativity is ignorance, and ignorance is your own personal tyranny. It tells you how to act, how to talk, how to think, and what to feel. You will never see a world without tyrants until you release your own. ~Honored to be Among You
How does Ron stay so calm?
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- 'Sunshine Patriots Inc.' Presents: "Who Wants To Be The Billionaire?"
- Winning today's battle(s) is sometimes just a matter of finding the bright side. ~Indy Vidual
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