Monetary System Collapse Coming Soon!?

Speaking of precious metals I'm thinking of buying some unobtanium. I just can't seem to find any.

 

its coming in 2018...

 

This whole thread was also done here:
http://www.doomers.us/forum2/index.php/topic,54106.0.html

 

Rueters:

Dollar dump b.s.????:

Oil states say no talks on replacing dollar

<script type="text/javascript"> if(!YAHOO){var YAHOO = {};} YAHOO.BuzzWidgetTries = 0; (function(){ if(YAHOO && YAHOO.util && YAHOO.util.Event && YAHOO.Media && YAHOO.Media.Buzz){ (function(){ var buzz = new YAHOO.Media.Buzz("buzz-top",{"sync":"buzz-bottom","countPosition":"after","fetchCount":false,"loc_strings":{"buzz_up":"Buzz up!","buzzed":"Buzzed!","one_vote":"{0} vote","n_votes":"{0} votes"}});buzz.onSuccess.subscribe(function(){ if(YAHOO.Updates){ YAHOO.Updates.Disclosure.showDialog({"container":"yup-container","source":"buzz","type":"buzzUp","lang":"en-US"}); } }); })();(function(){ var buzz = new YAHOO.Media.Buzz("buzz-bottom",{"sync":"buzz-top","countPosition":"after","fetchCount":true,"loc_strings":{"buzz_up":"Buzz up!","buzzed":"Buzzed!","one_vote":"{0} vote","n_votes":"{0} votes"}});buzz.onSuccess.subscribe(function(){ if(YAHOO.Updates){ YAHOO.Updates.Disclosure.showDialog({"container":"yup-container","source":"buzz","type":"buzzUp","lang":"en-US"}); } }); })(); } else if(YAHOO.BuzzWidgetTries < 10000) { YAHOO.BuzzWidgetTries += 500; setTimeout(arguments.callee, 500); } })(); </script>

• <form method="post" action="http://buzz.yahoo.com/vote/" class="buzz" id="buzz-top"> <input name="publisherurn" value="y_news" type="hidden"> <input name="guid" value="nm/20091006/us_oil_dollar" type="hidden"> <input name=".done" value="/article/y_news/nm/20091006/us_oil_dollar" type="hidden"> <input name="assettype" value="article" type="hidden"> <input name="votetype" value="1" type="hidden"> <input name="from" value="orion" type="hidden"> <input name="key" value="5a18d" type="hidden"> <input name=".crumb" value="yg6yG65kfM4" type="hidden"> <input name="logged" value="0" type="hidden"> <button type="submit">Buzz up!</button>32 votes </form>
• Send
  • Email
  • <a href="http://news.yahoo.com/s/nm/20091006/bs_nm/us_oil_dollar_10" class="im ult-nofollow" mapleultparams="sec=top"><abbr title="Yahoo! Instant Messenger">IM</abbr>
  
  <iframe class="yn-mask yn-mask1"></iframe><iframe class="yn-mask yn-mask2"></iframe>
• Share
  • Delicious
  • Digg
  • Facebook
  • Fark
  • Newsvine
  • Reddit
  • StumbleUpon
  • Technorati
  • Twitter
  • Yahoo! Bookmarks
  
  <iframe class="yn-mask yn-mask1"></iframe><iframe class="yn-mask yn-mask2"></iframe>
• Print

<!-- end: .tools -->
<!-- end: .hd --> <cite class="caption"> Reuters – A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, June 30, 2009. … </cite>

<!-- end #main-media -->

• Play Video Energy & Oil Video:Is burning more coal good? <cite>11 News Houston</cite>
• Play Video Energy & Oil Video:Feds: Home Heating Oil Will Be Cheaper This Year <cite>CBS 3 Philadelphia</cite>

<table cellspacing="0"> <caption>Related Quotes</caption> <thead> <tr> <th>Symbol</th> <th>Price</th> <th>Change</th> </tr> </thead> <tbody> <tr class="ult-position alternative"> <td class="first"> <a href="http://finance.yahoo.com/q?s=%5EDJI" mapleultparams="sec=yn_r_3slot_stock"> <abbr title="Dow Jones Industrial Average">^DJI</abbr> </td> <td>9,736.31</td> <td class="positive">+5.06</td> </tr> <tr class="ult-position"> <td class="first"> <a href="http://finance.yahoo.com/q?s=%5EGSPC" mapleultparams="sec=yn_r_3slot_stock"> <abbr title="S&P 500 INDEX,RTH">^GSPC</abbr> </td> <td>1,057.79</td> <td class="positive">+3.07</td> </tr> <tr class="ult-position alternative"> <td class="first"> <a href="http://finance.yahoo.com/q?s=%5EIXIC" mapleultparams="sec=yn_r_3slot_stock"> <abbr title="NASDAQ Composite">^IXIC</abbr> </td> <td>2,109.59</td> <td class="positive">+6.02</td> </tr> </tbody> </table> <!--Vendor: Doubleclick, Format: IFRAME --> <script type="text/javascript" language="javascript"> var ran = Number(new Date()) + Math.floor(Math.random() * 9999999999);var ad_content ='<IFRAME SRC="http://ad.doubleclick.net/adi/N3382.yahoo.comOX2562/B3321285.109;sz=150x30;dcopt=rcl;mtfIFPath=nofile;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=0/*;ord=' + ran + '?" WIDTH=150 HEIGHT=30 MARGINWIDTH=0 MARGINHEIGHT=0 HSPACE=0 VSPACE=0 FRAMEBORDER=0 SCROLLING=no BORDERCOLOR="#000000"> <SCRIPT language="JavaScript1.1" src="http://ad.doubleclick.net/adj/N3382.yahoo.comOX2562/B3321285.109;abr=!ie;sz=150x30;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=1/*;dcopt=rcl;mtfIFPath=nofile;ord=' + ran + '"> <\/SCRIPT> <NOSCRIPT> </NOSCRIPT> </IFRAME>'; document.write(ad_content); </script><iframe src="http://ad.doubleclick.net/adi/N3382.yahoo.comOX2562/B3321285.109;sz=150x30;dcopt=rcl;mtfIFPath=nofile;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=0/*;ord=1262935548703?" marginwidth="0" marginheight="0" hspace="0" vspace="0" bordercolor="#000000" frameborder="0" height="30" scrolling="no" width="150"> <SCRIPT language="JavaScript1.1" src="http://ad.doubleclick.net/adj/N3382.yahoo.comOX2562/B3321285.109;abr=!ie;sz=150x30;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=1/*;dcopt=rcl;mtfIFPath=nofile;ord=1262935548703"> </SCRIPT> <NOSCRIPT> <img src="http://ad.doubleclick.net/ad/N3382.yahoo.comOX2562/B3321285.109;abr=!ie4;abr=!ie5;sz=150x30;ord=1262935548703?" border="0" alt="" /> </NOSCRIPT> </iframe><iframe src="http://ad.doubleclick.net/adi/N3382.yahoo.comOX2562/B3321285.109;sz=150x30;dcopt=rcl;mtfIFPath=nofile;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=0/*;ord=1264398249953?" marginwidth="0" marginheight="0" hspace="0" vspace="0" bordercolor="#000000" frameborder="0" height="30" scrolling="no" width="150"> &lt;SCRIPT language="JavaScript1.1" src="http://ad.doubleclick.net/adj/N3382.yahoo.comOX2562/B3321285.109;abr=!ie;sz=150x30;click=http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=1/*;dcopt=rcl;mtfIFPath=nofile;ord=1264398249953"&gt; &lt;/SCRIPT&gt; &lt;NOSCRIPT&gt; &lt;A HREF="http://us.ard.yahoo.com/SIG=15n5j96od/M=717158.13184156.13449255.5439043/D=news/S=2023881378:FB/Y=YAHOO/EXP=1254935266/L=wmxn_WKIRljc807DSsyrQgeGYV9K3UrMrsIAAcOK/B=pTaaCEWTSTU-/J=1254928066250146/K=gnV0rjfzNJNzzqkkHxPdmw/A=5865451/R=2/SIG=13473cmvf/*http://ad.doubleclick.net/jump/N3382.yahoo.comOX2562/B3321285.109;abr=!ie4;abr=!ie5;sz=150x30;ord=1264398249953?"&gt; &lt;IMG SRC="http://ad.doubleclick.net/ad/N3382.yahoo.comOX2562/B3321285.109;abr=!ie4;abr=!ie5;sz=150x30;ord=1264398249953?" BORDER=0 WIDTH=150 HEIGHT=30 ALT="Click Here"&gt;&lt;/A&gt; &lt;/NOSCRIPT&gt; </iframe><script language="javascript"> if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d['pTaaCEWTSTU-']='&U=13dbpkvg4%2fN%3dpTaaCEWTSTU-%2fC%3d717158.13184156.13449255.5439043%2fD%3dFB%2fB%3d5865451%2fV%3d1'; </script><noscript></noscript>



<!-- end .primary-media -->
<!-- end .related-media --> <cite class="vcard"> By Simon Rabinotvitch and Wayne Cole Simon Rabinotvitch And Wayne Cole </cite> – <abbr title="2009-10-06T06:28:22-0700" class="timedate">Tue Oct 6, 9:28 am ET</abbr>
<!-- end .byline --> ISTANBUL/SYDNEY (Reuters) – Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
The dollar eased in response to the report, which was written by The Independent's Middle East correspondent Robert Fisk and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.
It said the proposal was for trade in crude oil to move over nine years to a basket of currencies including the Japanese yen, the Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, which includes Saudi Arabia and Kuwait.
The report coincides with a wider debate on the role of the dollar as the world's reserve currency, which has come under question. For most of this decade, the United States has struggled to maintain the dollar's value.
But top officials of Saudi Arabia and Russia, speaking on the sidelines of International Monetary Fund meetings in Istanbul, denied there were such talks. The two countries are the world's largest and second-largest oil exporters.
Asked by reporters about the newspaper story, Saudi Arabia's central bank chief Muhammad al-Jasser said: "Absolutely incorrect." He repeated the same response when asked whether Saudi Arabia was in such talks.
Kuwait's oil minister and a well-placed source in the Organization of the Petroleum Exporting Countries made similar remarks. Russia's deputy finance minister Dmitry Pankin said: "We did not discuss this at all."
The dollar slipped in the wake of the newspaper story. The euro edged up as high as $1.4749, although it fell back to $1.4701 when the Saudi Arabian and Russian officials denied the report. Oil prices rose above $71 a barrel on Tuesday.
Algerian Finance Minister Karim Djoudi told Reuters: "Oil producing countries need to stabilize revenues but...I don't see a need for oil trade to be denominated differently.
"But we are at the IMF conference where all sorts of subjects are raised and discussed," he added.
'NOT LIKELY'

http://news.yahoo.com/s/nm/20091006/bs_nm/us_oil_dollar_10

 

KORRECTIONS:

If and until any nay sayers can refute the following with specificity, I ask you to kindly stand down and re-educate yourself:

1. The Saudi in question actually said "Not AT this time" ; I can taxi a 747 through that opening and not even have to look outside--
2. Read and and understand this http://mises.org/resources/4016"When Money Dies---"

3. after you digest that history then apply it through the wisdom of Sir Winston Churchill as follows: [FONT=&quot]“It falls into that long, dismal catalogue of the fruitlessness of experience and the confirmed unteachability of mankind,” Winston Churchill once said. “Want of foresight, unwillingness to act when action would be simple and effective, lack of clear thinking, confusion of counsel until the emergency comes, until self-preservation strikes its jarring gong—these are the features which constitute the endless repetition of history.” Sounds to me like 2009 and the blithering and dithering combined with profigate printing of fiat paper dollars.[/FONT]

4. Albert Einstein said that only an idiot would keep on repeating mistakes of the past and expect different results



5. Name one country in the world that succeeded economically with printing unbacked currency. ONE



6. This ruining is deliberate and we the schlubs are going to suffer but I ask you pointedly, QUO BENE????



7, HERE IS THE HERETOFORE HIDDEN h-BOMB:

TO PAY FOR OUR OIL WE ARE GOING TO BE FORCED TO BORROW EUROS; AND FROM WHOM???? DO THE INITIALS GEORGE SOROS and his marxist buddies ring any bells??/????eek Who is he funding??? it couldn't be the obimination now could it?????[rofllmao]



Corruption is going to cause a fiscal crisis here and the is just what they want as true marxists.




Laus Deo
overbore

ps: yes, I was forced to study those bastards


Laus Deo
overbore
[FONT=&quot] [/FONT]
[FONT=&quot] [/FONT]

 

I was just looking for a little chance, this wasn't going to happen real soon,I get so involved in the doom then turn on the t.v.financial "news" and not a single minute is spent on any impending doom...started to feel like the "they never went to the moon folks... "(nuts).

Surely I, Peter Schiff, Gerald Celente and the entire crew of the HMS. LATOC FINANCIAL DOOM BOARD aren't the only people who see this coming? Is the the entire financial journalism world in on a giant conspiracy to hide the "truth"?from Joe sixpack???

oh BTW thanks for the link, I'm on it likebarney frank on a college freshman named "dewey" :http://mises.org/resources/4016"When Money Dies---"

 

Son,

All you have to do is to track the real word's exchage rate of the Foolar vs the CHF. " Foolar" because is it a refuge for fools. Strong opinion to follow.

Laus Deo
opverbore

 

Why this thread has been beaten to death is beyond me, but here's my .02 cents worth.

PM's do have a place in TEOTWAWKI situation, the question is which types of PM's. As for PM's that have only the bling factor, they have very little use in industrial production, ie-gold, most diamonds and so forth.

Now let's look at those PM's that are highly needed for our world of Hi-tech production, ie-Platinum, and high quality rubys. They will always fecth a premium price because of their use in industry today. So the question to ask yourself is this, which would you rather buy for future hedging in a world run amok, an ounce of gold or an ounce of platinum? A ten carrat diamond ring or a ten carrat ruby?

As of last summer, China has virtualy placed complete export restrictions on all of their rare-earth elements and minerals, which does not bode well for the rest of the world.

I for one do not want to see this world go to "Hell in a Handbasket" so to speak, but I will have to completly agree with the above post by Overbore. We simply cannot inflate our way out of this mess we are now in, and I am deeply afraid that something will have to give concerning our massive debts owed to the rest of this planet.

 

Ya'aint ma daddy...
Momma said so:
I take it you are way beyond questioning the total collapse of the "foolar" in the near (immediate future)?

 

Not to throw a wrench into your thoughts, but gold is one of the best electrical conductors around, and it doesn't corrode. Also diamonds have been used as cutting for as long as I can remember. Just saying.

 

Gentlemen,

We all have valid points but I am going to set out some clarifications to show how the relationship of time and needs varies:

False Scenario: Your house is on fire and you and your wife and two children are inside AND there is no phone, no neighbor, in short nuttin honey.

Stay with me--- in the first few minutes you need what?

In one hour your house is gone so are your records, your food, your clothing along with your shelter.

In two hours, you need what? The kids are thirsty.
In three they are hungry, cold and crying- so is Momma.

The point I am making is that over a given time period when the immediate survival needs are met and months later intermediate needs are satisfied, more SHTF happens to us all in that the dollar has become the "FOLLAR"; ( a fool's store of no value ) unbacked paper rejected by the world for oil and international transactions.

When the short and intermediate survival needs are met, the PM's will be as vital to LONG TERM acquiring your neighbors farm land for a low, low, number of gold Eagles.. You are then looking at our ( your) long term survival needs when you must grow your own food- as an example. Or buy that tractor, or medicines or ----.
I TRUST YOU UNDERSTAND MY ANALOGIES.

Laus Deo
overbore

 

That is a bad scenario imo. What's from stopping you after the fire to use the PM's to get a place to live, food or clothes? It's metal, it's durable and will not vanish in a fire, maybe melted but still.

 

I thought we all agreed the dollar will be inevitably turning into charmin soon and pm's were a good idea about 10 or 12 posts ago(??).

Talk about kicking that horse cadaver... Everyone should have some pm after afew months of suplies and cash are saved.
if Shinmen wantsto make this his personal financial doom thread and post every indicator of "holy sheit" coming down the pike well that doesn't bother me at all..

 

Re: The Empire Crumbles

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]The Empire Crumbles: [/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]This Tower of Babble[/FONT]

http://www.larouchepub.com/lar/2009/3639tower_babble.html

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]by Lyndon H. LaRouche, Jr.[/SIZE][/FONT]
[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Sept. 28, 2009[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Unless a purgative system of bankruptcy is put into effect very soon, the entire world system of nation-states will soon disintegrate, one after the other, chain-reaction style. It could come as soon as some time in October. If it is permitted to occur, it will come as a result of the hyperinflationary collapse, like that of Weimar Germany in 1923, but not in one isolated nation, this time; the entire planet will collapse, and leading nations will simply disintegrate. This could be stopped now, if my proposal for a reorganization-in-bankruptcy converts certain leading nations from the present international monetary system, into a credit-system of the type prescribed by the U.S. Federal Constitution. Otherwise, the doom is already inevitable.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]There are two principal facts which must be considered, if the reasons for such a present threat to the entire world-system is to be understood. The first consideration is specified by my "Triple Curve." That "Triple Curve" identifies the scientific reason why such a collapse will be fully ripe in the U.S.A. itself as early as sometime during October. To discover why such a U.S. collapse would set off an immediate chain-reaction collapse through the entire world, it is necessary to consider the effects of forty years of the single, combination of two combined factors. The first of these co-factors, is the spread of "free trade." The second, is the crucially aggravating co-factor of a policy of what has been called "globalization." These two co-factors have, in effect, destroyed those barriers inherent to the modern sovereign nation-state economy which have acted as "fire-breaks" against the spread of a chain-reaction effect of a crash in the combination of one or several economies, which bring down all of the economies of the world. You may justly call this threat to world-wide civilization "a Monsanto effect," so designated for reason of the effect of the monopolistic practices which Monsanto has been permitted, contrary to all reasonable law, to conduct in the field of grain.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]The effect of the process of "globalization" has featured the following typical expressions.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]Globalization Today[/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]What is called "globalization" today, began during the late 1940s and 1950s, with the so-called "runaway shop." For example: industries which had been developed in the region of a relatively superior quality of culture, were transferred from those areas into cheap-labor zones. This trend, which began in the United States with the shift of employment to cheap-labor markets characterized by poorer standards of intellectual life, results in a lowering of the standard of living throughout the national economy. In this way profit was derived not from advances in culture and productivity generally, but by cheapening labor, and transferring production to regions of lower productivity.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]The process of economic degeneration of the world economy as a whole, has proceeded into what has become known as "globalization" today. The policy of "globalization" is the tendency that nations cease to produce the products which they consume in their own nation, but transfer the production of what they used to produce and consume in their own nation, to other nations, thus undermining, and virtually destroying the existence of even food security in one's own nation. The control of production and consumption, now lies in international financier cartels, which determine who lives and dies, at margins of price, and of wages of production, which the financier cartels control. [/SIZE][/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]The asymptotic effect on which this process converges is a copy of the Biblical Tower of Babel, in which what had been intellectually effective language-cultures degenerated into relative conditions of cultural stupidity among a mass of slaves.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]The collateral effect of this under present world conditions already established, is that any financial crash in any keystone nation of the global process spreads like a wildfire in a drought-stricken forest throughout the world economy as a whole. [/SIZE][/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]The case of China is exemplary. China was used as a dumping-ground for the production of goods which had been produced in the economies of other nations, the United States most notably. China also depended on advanced technologies such as those of Germany, but which Germany was no longer permitted to produce for Germany's own consumption. When the foreign markets for goods produced by China collapsed, China was suddenly faced with two leading effects: it had lost markets on which its economy had been conditioned to depend, and it was thereby faced with the makings of a social crisis in its own nation.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]There is another, two-fold feature of the predicament created for China by the fate of both the U.S. economy and the incompetence of the U.S. government under President George Bush. The U.S. had a debt of about $2 trillions to China, which it had no expressed intention of paying, even by the obvious measure of providing China long-term credit to finance investment in a greater margin of economic independence through capital improvements inside China itself.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Under a sane system of relations among sovereign nation-states, each nation is encouraged to protect its internal economy by protectionist measures, especially the building up of self-sufficiency to approximately 80% of total essential consumption, and by tariff agreements with other nations which, to a very large degree, protect each nation against intolerably severe shocks radiated from problems generated by other nations. Essential economic self-sufficiency and efficient national sovereignty are the essence of a sane world order. [/SIZE][/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Globalization and related measures have virtually destroyed that protection which sovereign states enjoyed as defenses against grave disorders erupting in other parts of the planet.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]So, a collapse of the U.S. dollar would mean an immediate chain-reaction collapse throughout every part of the planet as a whole. [/SIZE][/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]For such a contingency as that we are already facing in October, the only remedy is the shutting-down of the principal cause of the explosive, hyperinflationary monetary disorder, by putting the economy through a proceeding in bankruptcy based on the notion of a Glass-Steagall standard of bankruptcy of the national banking system. Financial derivatives and related categories of fictitious values would simply be debrided under bankruptcy rules, while the banking system operating according to Glass-Steagall rules would continue to operate, even under bankruptcy protection, if the bank were in any meaningful sense "salvageable." This is what I had proposed with my 2007 Homeowners and Bank Protection Act. Had that legislation not been blocked by Representative Barney Frank et al., we would be coming "out of the woods of crisis" today.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Today, more is required. Without a creation of a new credit-system, to replace all monetary systems, by means of a pilot agreement to this effect among the U.S.A., Russia, China, and India, no nation will be left standing, including those four, as the smoke settles on a world whose population is being rapidly reduced from about 6.7 billions human beings, to about two, or less: about the level which Britain's Prince Philip has stated as his intention.[/SIZE][/FONT]

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular][SIZE=-1]Time is running out. Assuming that the U.S.A. would get through this month of October, is already a big stretch.[/SIZE][/FONT]

 

Peak oil cardinal,author Richard Heinberg's ( "power down" & "the parties over") prescient muse letter from August 2004 on the demise of the dollar:
actual text requires specific copyright permission so I'll only put up a link:

http://archive.richardheinberg.com/museletter/149

149 The Endangered US Dollar

No. 149 - August 2004
by Richard Heinberg

The Endangered US Dollar


​

Peak Everything.
​

<!-- end #wrapper --> <hr class="hide"> <!-- END: SECONDARY CONTENT --> <!-- START: NOTICES --> Post Carbon Institute - 500 N. Main St., Suite 100, Sebastopol, CA 95472 - USA

http://archive.richardheinberg.com/museletter/149

 

if Shinmen wantsto make this his personal financial doom thread and post every indicator of "holy sheit" coming down the pike well that doesn't bother me at all..

Well that's what this thread is all about.
It's not just about PM, or one other subject.
It's about the possibiblity of collapse in general.

And I just add to the end of it instead of making a new tread with each new article, I just add it to the end of this one. It's simpler for the mods.

sT

 

Fred knows what's coming down. His video is a touch sophmoric but funny as heck.

http://www.youtube.com/watch?v=lSAqr3GH8PA

Hey ST, how come all the places I've checked out about PM's say to expect 4-8 weeks for delivery? Is it coming on a conestoga wagon?