Jim Rogers: Financial Calamity - It's Coming

[Taco]

Jim Rogers predicts, "They're going to take money wherever they can. . . . They're going to take our bank accounts and retirement accounts."

Jim Rogers: Financial Calamity - It's Coming
http://www.youtube.com/watch?v=buDsxcFc ... NZU8K0t-EA

[ContraMundumRants]

Thanks for the link Taco.

They already started "practicing" the confiscation of money from savings accounts with the crisis
that happened in Cyprus.

Jim Rogers has been warning us for years of future economic doom, and has been telling
young people to get into agriculture.

It seems that in the near future what will matter most will not be how much money you have, but
do you have food, fertile land, water and enough energy and clothes to keep yourself warm?

[Moretorque]

I could of sworn I made a post here? did it go somewhere?

[Teal Lantern]

Here's what happens when the money runs out.

This story didn't get much coverage when it happened, and was years ahead of Cyprus or Detroit.
Alabama Town’s Failed Pension Is a Warning

This one did get some coverage.
A Rhode Island City Turns to Pensioners to Avoid Bankruptcy

[Moretorque]

Here's what happens when the money runs out.

This story didn't get much coverage when it happened, and was years ahead of Cyprus or Detroit.
Alabama Town’s Failed Pension Is a Warning

This one did get some coverage.
A Rhode Island City Turns to Pensioners to Avoid Bankruptcy

This is why we are trying to get people to understand Ponzi economics with fractional reserve banking backed by nothing but fake promises and our promise to pay back + interest, There are alot of issues here but with a stable monetary unit "which we do not have" you could save your money or just put it away for a rainy day and it would not get eaten up by inflation. With a unstable monetary unit like we have now we are forced to invest in their Ponzi economic casino in the hopes we can stay with inflation on our investments.

Just like a casino where the game is rigged in favor of the house you lose eventually just like Vegas. Look at the town the suckers built for the house Las Vegas. The real sad thing is people will gamble it all away so we are the ones who decided to sign up and play this socialist con shell game.

Las Vegas went from like 300,000 in 1980 to like over 2 million people in just 30 years so obviously human nature is to dream and believe in the myth. Our rulers are just taking advantage of this serious flaw in human nature.

[polya]

I'm listening to Taco's video now. I'm wondering how much longer the bankers can prop-up the system? It looks like a few more years before we see Weimer Republic-like inflation? - But I think they'll find a way to avoid this.