Economic Collapse - The Greed of Black Friday

Think Different · Post by **Think Different** » November 22nd, 2010, 4:51 pm

I've been following this blogsite, which I find has hard-hitting and brutally honest articles about what's really going on in the US these days. Some would call me an alarmist, but going through much of this slide into poverty myself and having to lose everything and move out of the country to survive, this really hits home for me.

This article is well timed for Thanksgiving and the disgusting shop-a-holic ritual we've turned it into. What about just being thankful for the blessings we (still) have? What a concept!

http://theeconomiccollapseblog.com/arch ... -suffering

ErikHeaven · Post by **ErikHeaven** » April 19th, 2011, 12:08 pm

The idiots will not buy silver or gold to prepare for their future. Just tv's on sale and stupid toys. Most Americans refuse to believe that the currency might collapse soon

Think Different · Post by **Think Different** » April 19th, 2011, 1:09 pm

Problem is, it's difficult to buy and hold physical gold and silver in the US (the government makes sure of that). Plus, at the current price $1500/ounce, few Americans can afford it. The average American family has just $5000 in savings.

Most people are too ignorant to have any clue what's going on around them in the US, let alone in world markets. The other ones who may be aware are just trapped in a daily grind of trying to survive and keep their head low and food on the table for their families. Food comes before gold; you can't eat gold. Unfortunately, it's going to get a lot worse before it gets better.

Today the idiot press is touting this massive McDonald's hiring blitz, as if that were a sign of "economic recovery". It's not. It's a sign of economic desperation. The fact that so many people are getting their meals from McD's is a sign of lack of income, not an increase in income. If they had a Morton's Steakhouse hiring blitz or livable wage job hiring blitz I'd say that yes, things were improving.

Jackal · Post by **Jackal** » April 19th, 2011, 1:59 pm

RedDog wrote:Some would call me an alarmist

I don't think there's anything "alarmist" about saying that the US economy is terrible and will get worse. This seems to just be the truth these days.

AlJazeera made a great special called "The Death of the Dollar."

RedDog wrote: Today the idiot press is touting this massive McDonald's hiring blitz, as if that were a sign of "economic recovery". It's not. It's a sign of economic desperation. The fact that so many people are getting their meals from McD's is a sign of lack of income, not an increase in income. If they had a Morton's Steakhouse hiring blitz or livable wage job hiring blitz I'd say that yes, things were improving.

And having so many people eating at McDonald's may well have a negative effect on the economy in the long term when you consider the long-term negative effects of eating American fast food so frequently and the resulting medical costs and lost productivity of unhealthy, fat-ass workers.

ErikHeaven · Post by **ErikHeaven** » April 19th, 2011, 5:39 pm

I got my silver when it was 16 dollars an ounce. I am doing great now. Even when it goes to 50 dollars and ounce it will still be a great buy. The shot callers are predicting 1,000 dollars an ounce in the next few years. Silver is still affordable. Ammo too.

The_Hero_of_Men · Post by **The_Hero_of_Men** » April 19th, 2011, 6:24 pm

ErikHeaven wrote:I got my silver when it was 16 dollars an ounce. I am doing great now. Even when it goes to 50 dollars and ounce it will still be a great buy. The shot callers are predicting 1,000 dollars an ounce in the next few years. Silver is still affordable. Ammo too.

That is something I always thought about doing but never got to it

but yeah where can I buy silver like that?

ErikHeaven · Post by **ErikHeaven** » April 19th, 2011, 6:48 pm

http://www.apmex.com or your local coin shop. I suggest the coin shop as you will save on the shipping and handling. At Apmex you can buy the bars and rounds and gold and platinum. Get some now as silver will go up to 1,000 dollars an ounce soon. Or MonarchPreciousMetals.

The_Adventurer · Post by **The_Adventurer** » April 20th, 2011, 1:14 am

What's the big interest in silver and gold? Are you going to carry it all with you? When the rioting and looting starts, can you protect it? If I had to choose something, I think diamonds are lighter weight and easier to transport.

I'm not trying to knock anyone. I am asking seriously as I do not understand. If someone can explain the advantages of owning large quantities of silver and gold, I would love to know.

What I would really do, though, is spread my money across multiple currencies in multiple countries. Have bank accounts and Paypal accounts in many countries and currencies. Electronic currencies in many locations is a lot safer than a bag of gold someone can easily take from you.

momopi · Post by **momopi** » April 20th, 2011, 1:48 am

RedDog wrote:Problem is, it's difficult to buy and hold physical gold and silver in the US (the government makes sure of that). Plus, at the current price $1500/ounce, few Americans can afford it. The average American family has just $5000 in savings.

?_?

The Liberty Coin Act and Gold Bullion Coin Act of 1985 specifically instructed the creation of the American Silver Eagle and Gold Eagle coins. You can also hold gold and silver coins in your IRA account.

Anyone can walk into a coin store and buy gold and silver coins. If you cannot afford the 1 oz gold coin at $1500-$1600, you can still start with the 1/10th oz gold coin @ $175.

ErikHeaven · Post by **ErikHeaven** » April 20th, 2011, 4:22 am

You can also leave the country with it and its not counted as money. Google it. Its not considered a monetary instrument. Good way to leave the country with real wealth.

ErikHeaven · Post by **ErikHeaven** » April 20th, 2011, 4:25 am

If the dollar collapses all currencies will collapse so having currency will be a bad idea. Only silver or gold holds its purchasing power.
Its small portable legal tender in the eagles form. You can receive FRN's if you need to for it. You can transport them across borders and exchange them anywhere. American money is being rejected in america. Many shops are only accepting Euros for now.
The dollar is the reserve currency so if it takes a dump like i believe it will, all paper currency's will be worthless as well.

globetrotter · Post by **globetrotter** » April 20th, 2011, 4:39 am

ErikHeaven wrote:If the dollar collapses all currencies will collapse so having currency will be a bad idea. Only silver or gold holds its purchasing power.
Its small portable legal tender in the eagles form. You can receive FRN's if you need to for it. You can transport them across borders and exchange them anywhere. American money is being rejected in america. Many shops are only accepting Euros for now.
The dollar is the reserve currency so if it takes a dump like i believe it will, all paper currency's will be worthless as well.

Why?

Cable collapsed in 1933 and other currencies, mostly in Asia, were fine. Some nations did not even experience a recession in 1929-1945.

This is just another American assuming that if the USA goes down, so must the rest of the world. That American attitude just won't go easily in to that good night, will it?

odbo · Post by **odbo** » April 20th, 2011, 4:50 am

globetrotter wrote:Why?

Cable collapsed in 1933 and other currencies, mostly in Asia, were fine. Some nations did not even experience a recession in 1929-1945.

This is just another American assuming that if the USA goes down, so must the rest of the world. That American attitude just won't go easily in to that good night, will it?

While I somewhat agree with your stance, I will point out that your logic is flawed and you're an asshole. You seem to do this to everyone of my posts so let me return the favor.

#1)The US wasn't exactly a superpower before WWII
#2) The world changed since then. Especially the last 15 years. Heard of globalization son?
* to clarify I mean it's far more intradependant now

The_Adventurer · Post by **The_Adventurer** » April 20th, 2011, 4:51 am

globetrotter wrote: Cable collapsed in 1933 and other currencies, mostly in Asia, were fine. Some nations did not even experience a recession in 1929-1945.

This is just another American assuming that if the USA goes down, so must the rest of the world. That American attitude just won't go easily in to that good night, will it?

That's the way I see it. I have talked to numerous people and read many related articles that suggest that China is not too concerned about the dollar tanking, and they believe they will continue on just fine if it does so. Whether they are right or wrong is probably up to debate, but it does seem to me that it is an American attitude that if the US dollar collapses, the world is doomed.

ErikHeaven · Post by **ErikHeaven** » April 20th, 2011, 4:55 am

Oil is tied to FRNS and there is currently a currency war with russia, china and some Latin American countries that do not want to accept payment of dollars for oil. USA is the worlds reserve currency. We are at the top of the pyramid or the food chain. Our demise means global consequences.

Economic Collapse - The Greed of Black Friday

Economic Collapse - The Greed of Black Friday

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