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saved1986\'s Avatar\r\n\r\n
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Lecturer
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saved1986 will become famous soon enoughsaved1986 will become famous soon enough
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\r\n \r\n\r\nDefault\r\n\r\n Conversation with an economist\r\n
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He made a lot of good points:
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\n1) The currency (US dollar) will collapse completely. Fiat currencies right now are collapsing at this very moment.
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\n2) The fed is keeping silver and gold low, but silver should be valued at 80$ an oz and gold at 3300$
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\n3) They are looking to make one world global currency which will initially be gold backed, but that backing will be removed over time.
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\n4) By the end of 2010, the US national debt load will be at 100 percent of GDP (not to mention the TOTAL debt load which already is 120 T)
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Lecturer
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EarlyBird is on a distinguished road
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\r\n \r\n https://www.coasttocoastam.com Joseph Meyer\'s predictions last night - 2/22/10
\r\non US economic situation/future. Not good!\r\n
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\r\n May you always have..Love to Share, Health to Spare, and Friends that Care!\r\n
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saved1986 will become famous soon enoughsaved1986 will become famous soon enough
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\r\n Originally Posted by EarlyBird\r\n View Post\r\n
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https://www.coasttocoastam.com Joseph Meyer\'s predictions last night - 2/22/10
\non US economic situation/future. Not good!
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\nAmazing how many of us on these "tin foil" boards see what is coming but the average american has no clue, could care less, as long as he/she gets their booze, dope, pizza and mcdonalds, everything is cool!\r\n
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Mad Scientest will become famous soon enough
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\r\n \r\n Yes but hopefully as more people are starting to wake up and take off their blinders, they will begin to realize that there are more important things going on in the world then that there was a fender bender on a local expressway or which sports teams won or lost.
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\r\n \r\n 1) The currency (US dollar) will collapse completely. Fiat currencies right now are collapsing at this very moment.\r\n \r\n
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As I see it this is not happing because of bad luck or poor planning but rather by design. Fiat currencies by their very nature will eventually collapse. But this is not all bad news at least not for a few individuals at the very top of the food chain who will make off like bandits, which of course they are. This system allows them to periodically fleece the general public of their real property thought the foreclosures caused by manmade depressions.
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\n Here is an interesting scenario of the value of fiat currency.
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\n Assume you are a store owner and I come in and say I would like to buy five pounds. You are going to look at me and say �five pounds of what? I cannot sell you five pound unless you tell me what you need.� So OK I say I want five pounds of birdseed. Alright you can now go and get me five pounds of birdseed. You then say that will be five dollars. At which point I will ask you five dollars of what?
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\n Because just as five pounds is a unit of measure so too is five dollars. So just what are we measuring? At one time you could have said the equivalent of five dollars of gold, but no more. We thus have allowed the bankers to manipulate our money for their personal gain. \r\n
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saved1986 will become famous soon enoughsaved1986 will become famous soon enough
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\r\n \r\n As I see it this is not happing because of bad luck or poor planning but rather by design.
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\nI am glad you see that. It is obvious by design and this time they are taking everything.\r\n
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\r\n \r\n liverock\r\n \r\nliverock is online now\r\n\r\n \r\n \r\n
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Enlightener
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liverock will become famous soon enoughliverock will become famous soon enough
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\nhttps://moneymorning.com/2010/01/27/retirement-plans/\r\n
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Lecturer
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saved1986 will become famous soon enoughsaved1986 will become famous soon enough
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\r\n Originally Posted by liverock\r\n View Post\r\n
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Looks like the government is seeking to change your 401K to a government annuity.
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\nhttps://moneymorning.com/2010/01/27/retirement-plans/
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I have seen that. they see the $$$$ in 401ks and IRAs and want to grab them!\r\n
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\r\n \r\n a little more
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\ndetail: https://www.nuwireinvestor.com/blogs/...ndividual.html\r\n
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Visit: www.HealthSalon.org
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\r\n \r\n As I see it most people and even many economists are only looking at the short term picture, what will happen 3, 6, maybe 12 months from now. But the real power elite have been manipulating this game for years.
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\n If we look back in history to the early 1900�s we can see how this started. Back then people were concerned about amount of control that a few big banks had over the economy and unfortunately still do. As a result there was a demand for banking reform. Naturally the bankers saw this as a threat to their way of doing business. Thus the Federal Reserve Banking system was created and promoted as the way to control the economy and inflation.
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\n Sadly what the people back then didn�t realize was that this new system was secretly designed and created by the very bankers that it was suppose to control. But by using reverse physiology the bankers then claimed that they didn�t like this new system thus the average person then assumed that it if they didn�t like it then it must be a good deal. So now it really shouldn�t come as a surprise to anyone that no matter how hard the Federal Reserve System claims to be trying to control the ups and downs of the economy they unfortunately are never quite able to do it. Oh of course they claim to be working to the very best of their ability and all we need to do is just give them a little more time and hopefully they will get it right. Obviously there is only so much that we can realistically expect them to accomplish in a mere 100 years.
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\n When Bernanke came into power he admitted the FRB was the cause of the great depression. This of course was the very thing that it was suppose to protect us against, but that�s OK because he �promised� not to let it happen again. Unfortunately too many of our illustrious congressmen are only too willing to play along with this destruction of the economy so long as they keep getting their campaign donations.
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\n And now I see this scenario repeating itself in the current health care bill. So the same as with our banking system the real goal here appears to have nothing to do with providing meaningful health care reform, but rather it is a carefully crafted means of taking power away from the individual and transferring it into the hands of an exclusive group of power hungry individuals.
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\n If this is not the real intent of the health care bill why does it need over 2000 pages? What better way to hide what it will actually do then to present all the details in such manner that few will bother to read? \r\n
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\r\n \r\n I think you meant 1933 - height of the Great Depression.
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\r\nMy Mother kept 2 gold coins - a $5 and a $20 gold piece. She never turned hers in.
\r\nMy son has them now. And they\'re more valuable now due to their early dates.
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\r\n \r\n It would take a house to house search to get people to turn in their gold and then they still wouldn\'t find it. People will not be so compliant this time.
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\nAnd a safe deposit box is not safe! Last time in 1933 all safe deposit boxs were examined when opened.\r\n
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\r\n Originally Posted by Arrowwind09\r\n View Post\r\n
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It would take a house to house search to get people to turn in their gold and then they still wouldn\'t find it. People will not be so compliant this time.
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\nAnd a safe deposit box is not safe! Last time in 1933 all safe deposit boxs were examined when opened.
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\nI heard somewhere that safe dep boxes in the depression were taken in some banks. Is this true?\r\n
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\r\n Originally Posted by EarlyBird\r\n View Post\r\n
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I think you meant 1933 - height of the Great Depression.
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Thanks for noticing Early Bird, I have rectified the mistake.\r\n
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\r\n \r\n EarlyBird\r\n EarlyBird is offline\r\n\r\n\r\n \r\n \r\n
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Lecturer
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Join Date: Apr 2006
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Location: Northern Ky.
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EarlyBird is on a distinguished road
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\r\n \r\n Liverock - LOL! I was born in 1935 and recall my parents discussing the Depression
\r\nyears afterwards. My Dad made Script for the railroad he worked for - I forget
\r\nwhich one - for employees to be able to be paid any kind of salary and have money
\r\nfor food, etc. My dad was one of the lucky ones to even have a job back then. Of
\r\ncourse railroads had passenger cars as well as shipment of goods. Very little truck
\r\nor airline traffic back then. No Xways so traveling long distances by car was Yuck;
\r\nRoads were poor, everyone traveled long distances by trains.
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\r\nMany lean years for a long time; recovery after the Depression was slow. And no
\r\none trusted banks for a loooong time. I remember my parents keeping any money
\r\nat home and paying CASH for Everything. That was why my mother never turned
\r\nin her gold coins. Survival!\r\n
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\r\n \r\n jfh\r\n \r\njfh is online now\r\n\r\n \r\n \r\n
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Super Moderator
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Join Date: Dec 2007
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Location: Texas, USA
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Blog Entries: 16
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jfh will become famous soon enoughjfh will become famous soon enough
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\r\n \r\n Like Tennessee Ernie Ford\'s song, Sixteen Tons.
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\nhttps://www.ernieford.com/SixteenTons.htm\r\n
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\r\n __________________
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\nLife is just one damned thing after another - Elbert Hubbard
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\r\n\r\n<!-' + '- / close content container -' + '->\r\n\r\n<!-' + '- / post #29504 -' + '->'; // next/previous post info pn[29364] = "29504,29381"; pn[0] = ",29364"; pn[29381] = "29364,29385"; pn[29385] = "29381,29419"; pn[29419] = "29385,29422"; pn[29422] = "29419,29439"; pn[29439] = "29422,29440"; pn[29440] = "29439,29442"; pn[29442] = "29440,29446"; pn[29446] = "29442,29447"; pn[29447] = "29446,29451"; pn[29451] = "29447,29461"; pn[29461] = "29451,29466"; pn[29466] = "29461,29468"; pn[29468] = "29466,29489"; pn[29489] = "29468,29499"; pn[29499] = "29489,29504"; pn[29504] = "29499,29364"; // cached usernames pu[0] = guestphrase; pu[1486] = "saved1986"; pu[262] = "EarlyBird"; pu[272] = "Mad Scientest"; pu[791] = "liverock"; pu[493] = "Arrowwind09"; pu[529] = "jfh"; // -->
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� #1
Old 02-22-2010, 10:53 AM
saved1986's Avatar
Lecturer
Join Date: Aug 2009
Posts: 2,269
saved1986 will become famous soon enoughsaved1986 will become famous soon enough
Default Conversation with an economist

He made a lot of good points:

1) The currency (US dollar) will collapse completely. Fiat currencies right now are collapsing at this very moment.

2) The fed is keeping silver and gold low, but silver should be valued at 80$ an oz and gold at 3300$

3) They are looking to make one world global currency which will initially be gold backed, but that backing will be removed over time.

4) By the end of 2010, the US national debt load will be at 100 percent of GDP (not to mention the TOTAL debt load which already is 120 T)
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