Can someone explain how a induced, controlled economic collapse looks?

[James_Madison_Lives]

I understand we have been printing too much money, from studying Ron Paul. Fractional reserve banking means the each dollar out there has been spoken for multiple times over, like a Ponzi scheme, so like all Ponzi schemes must inevitably come crashing down. Or am I being too pessimistic? The US supported this level of debt/GDP during WWII, although if this new stimulus package passes, that will be eclipsed.

So if the elites and their political hacks are throwing this kind of new debt around it, means they know it doesn't mean a thing. Something much bigger is coming. How does it work? Stock market collapse, then hyperinflation? Or does a deflation come first? How does one reset a hideously abused currency? Or is that even the goal? Don't billionaires hold US dollars too?

[acptulsa]

No, billionaires don't generally sit on cash, unless they're setting up a stock market crash, and want to be ready to buy bargains. No, inflation makes the old fiat worthless. So, the rich are warned to ditch bonds and the mom and pop bondholders see their old age savings disappear as the bonds are paid off in dollars worth less than Confederate money. A new fiat currency is introduced, probably fully electronic this time. Remember illicit drug deals? Remember farmer's markets and garage sales? Ever expect to have an unrecorded, tax-free transaction again?

If so, buy silver. Now. It's pretty.

[PAF]

No, billionaires don't generally sit on cash, unless they're setting up a stock market crash, and want to be ready to buy bargains. No, inflation makes the old fiat worthless. So, the rich are warned to ditch bonds and the mom and pop bondholders see their old age savings disappear as the bonds are paid off in dollars worth less than Confederate money. A new fiat currency is introduced, probably fully electronic this time. Remember illicit drug deals? Remember farmer's markets and garage sales? Ever expect to have an unrecorded, tax-free transaction again?

If so, buy silver. Now. It's pretty.

It is easy to see why private contract rights were being destroyed, immigrants willing to work under the table, a wall built to require “papers please”.

Nothing will be bought/sold without being tracked and taxed. PM’s will be good for a short while, but suppliers/distributors will be fully held accountable and not able to “deal/bargain” anymore.

As I have said, people willing to sacrifice their own, and others, liberty in exchange for .gov nationalist [communist] security... their guns are much bigger than ours.

My only thought right now is, what to put for my new sig. Not enough people cared or believed it.

[Pauls' Revere]

https://www.bing.com/videos/search?q...tail&FORM=VIRE

I found Mike Maloney's series on the hidden secrets of money insightful. A historical and relevant cyclical destruction of fiat money. Although, these days parts or all of this may be fabricated.

[James_Madison_Lives]

No, billionaires don't generally sit on cash, unless they're setting up a stock market crash, and want to be ready to buy bargains. No, inflation makes the old fiat worthless. So, the rich are warned to ditch bonds and the mom and pop bondholders see their old age savings disappear as the bonds are paid off in dollars worth less than Confederate money. A new fiat currency is introduced, probably fully electronic this time. Remember illicit drug deals? Remember farmer's markets and garage sales? Ever expect to have an unrecorded, tax-free transaction again?

If so, buy silver. Now. It's pretty.

So when the rich ditch bonds what do they buy instead? If they don't sit on cash. Property?

[Danke]

So when the rich ditch bonds what do they buy instead? If they don't sit on cash. Property?

[Slave Mentality]

It looks just like this.

[acptulsa]

So when the rich ditch bonds what do they buy instead? If they don't sit on cash. Property?

..

No, billionaires don't generally sit on cash, unless they're setting up a stock market crash, and want to be ready to buy bargains.

[69360]

So when the rich ditch bonds what do they buy instead? If they don't sit on cash. Property?

Property is smart in an economic crash or hyperinflation situation. If you think currency is about to devalue, you want hard goods. Things that will always have value. Can it protect you, can it shelter you, can it feed you? If it all goes sideways these are the things people will want. If you have them you will be wealthy in whatever the new measure of trade is. You can't eat or shoot gold and silver.

[James_Madison_Lives]

Property is smart in an economic crash or hyperinflation situation. If you think currency is about to devalue, you want hard goods. Things that will always have value. Can it protect you, can it shelter you, can it feed you? If it all goes sideways these are the things people will want. If you have them you will be wealthy in whatever the new measure of trade is. You can't eat or shoot gold and silver.

Yes but you can't convert a $200K 401K into all ammo. So I'm thinking when they know SHTF in dollar is coming, they must swap over to Swiss Francs or Deuthchmarks or something they haven't been printing the hell out of, maybe pinned to gold. To hold physical gold you need safes and bank-grade security. The same American bank which is going to crash your dollar is probably not going to let you into your safe deposit box in a bank run.

[69360]

Yes but you can't convert a $200K 401K into all ammo. So I'm thinking when they know SHTF in dollar is coming, they must swap over to Swiss Francs or Deuthchmarks or something they haven't been printing the hell out of, maybe pinned to gold. To hold physical gold you need safes and bank-grade security. The same American bank which is going to crash your dollar is probably not going to let you into your safe deposit box in a bank run.

I say take your 200k and buy a hard asset that will always be in demand, it doesn't have to be ammo. Also if you suspect hyperinflation is coming, finance anything you can, mortgages, car loans, max out as many credit cards as you can. You will be able to pay them off easily. If the dollar goes it will take every global currency and even gold with it. You want to own something useful that will have value in whatever the new monetary system is.

[acptulsa]

If the dollar goes it will take every global currency and even gold with it.

I don't follow. Hyperinflation occurs when supply far outstrips demand. That will create demand for alternatives, and bankers cannot create gold by typing on a computer.

[Dr.3D]

Yes but you can't convert a $200K 401K into all ammo. So I'm thinking when they know SHTF in dollar is coming, they must swap over to Swiss Francs or Deuthchmarks or something they haven't been printing the hell out of, maybe pinned to gold. To hold physical gold you need safes and bank-grade security. The same American bank which is going to crash your dollar is probably not going to let you into your safe deposit box in a bank run.

You don't need bank grade security if nobody knows you have precious metals. They are small, and easy to hide.

Heck, paint a bar of silver, black and use it for a door stop.

Nobody would think to steal a door stop.

[69360]

I don't follow. Hyperinflation occurs when supply far outstrips demand. That will create demand for alternatives, and bankers cannot create gold by typing on a computer.

If everything goes to $#@! with chaos and massive hyperinflation of the dollar, what will you do with your gold? It has no practical everyday use. You want to be holding useful hard assets that people want in a situation like that. Things that you could exchange for goods or sell for wealth in whatever the new method of exchange is.

[acptulsa]

If everything goes to $#@! with chaos and massive hyperinflation of the dollar, what will you do with your gold? It has no practical everyday use. You want to be holding useful hard assets that people want in a situation like that. Things that you could exchange for goods or sell for wealth in whatever the new method of exchange is.

What the new method if exchange is would be the very question. And time after time through history, silver and gold have been the go to fallback when all else fails.

[Danke]

Gold has not only matched hyperinflation rates but exceeded them.

That same German hyperinflation we talked about above is an excellent example. It was truly devastating. From January 1919 until November 1923, Investopedia reports “the average price level increased by a factor of 20 billion, doubling every 28 hours.”

This rate of inflation is incomprehensible to most of us — even inflation spikes in the U.S. during the 20thcentury paled in comparison. It scarred virtually everyone who experienced it.

So, what did the gold price do during that time?

An ounce of gold traded for 170 marks at the beginning of that period. But by November 1923, one ounce sold for 87 trillion marks.




https://goldsilver.com/blog/gold-as-...t-really-work/

[James_Madison_Lives]

[FONT="]Gold has not only matched hyperinflation rates but exceeded them.[/FONT]

[FONT="]That same German hyperinflation we talked about above is an excellent example. It was truly devastating. From January 1919 until November 1923, Investopedia reports “the average price level increased by a factor of 20 billion, doubling every 28 hours.”[/FONT]

[FONT="]This rate of inflation is incomprehensible to most of us — even [/FONT]inflation spikes in the U.S. during the 20thcentury[FONT="] paled in comparison. It scarred virtually everyone who experienced it.[/FONT]

[FONT="]So, what did the gold price do during that time?[/FONT]

An ounce of gold traded for 170 marks at the beginning of that period. But by November 1923, one ounce sold for 87 trillion marks.




https://goldsilver.com/blog/gold-as-...t-really-work/

Would silver be pretty much the same thing, little more weight, little less per unit?

[acptulsa]

Would silver be pretty much the same thing, little more weight, little less per unit?

Much the same weight, a lot less per unit. Both come in different sizes and purity.

Coin silver is an alloy of 90% silver and nickle. U.S. coins through 1964 from dime through silver dollar were made of it. The 5-10% nickle content made them stand up better to pocket wear. In parts of the country, those will probably go back into circulation to some degree.

Silver is not the same as gold so far as value fluctuation, steady enough but rarely profitable. Many people think it's undervalued right now. But, you know, it'll come back into fashion or it won't. Either way, it's portable, anonymous, still widely recognized and has its value built right in.

Right now a vintage dime has a melt value of $1.62, a silver dollar $16.20. That won't go down.