Light thinking for this relaxing Sunday . . .
[copied from Speakeasy comments - Mod. Jefferson]
I thought the illegal drug sales $ funded sea ,, eye ... ei-(ght).,. ops.
I'll take a stab at answering (commenting) on a few of your questions, as time allows.
Question 1: Do the reported gold reserves held by Central Banks REALLY exist?
I contend that the Gold reserves of the Central Banks exist, but likely large portions of the reserves are leased and released out to numerous other parties through all manner of complex swap deals. Each ounce probably has several market participants that each believe they have legal title. This may be through ounces that sit in GLD or it may be through ounces that physically exist in the LBMA or the COMEX. If the price of physical Gold separates from the paper markets, then these "paper Gold" holders will demand physical possession and the fireworks will really start.
Bottom line - if the Central banks really hold (and I mean physically hold) any quantity of Gold, then I suspect whoever has physical possession and "controls" physical possession when the music ultimately stops, is the true owner. (All others with any paper connection to any ounce will be screwed.)
Man, and I was already feeling freaked out. To answer only one of your excellent questions, I would be willing to share phone numbers with certain Turdites, only to be used in a crisis, obviously.
I have all of those questions swirling in my head and you have done a great job of separating them out. I just don't think we have the answers - except maybe to #1 - No, there is no way they have as much gold as they claim - they are kiting it.
"You can't breathe dead hippo waking, sleeping, and eating, and at the same time keep your precarious grip on existence." Conrad, Heart of Darkness
Wow - that's a great list of questions - don't know if there are "real" answers to many of them - just more discussion and postulation. My mind is now racing everywhere - time for another coffee.
#3 - because the question makes him angry. If Ron Paul is right, then Bernanke is wrong about his infinite ability to control the amount of money, and hence inflation, etc. Bernanke's only tool, really, is the money supply - grow it or shrink it.
#4 - slowly, over time like German war reparations, but only if they are allowed out of the Euro. They will face hardship, but they won't be ruled by Germany and/or Brussels.
Just going off the top of my head - not wedded to my analysis - too confused for that!
No shortage of conversation, sitting in the 12 ft aluminum, pint in hand, trolling along at 4 knots, with You CA!
1/ Who has the Gold, All depends on which counterparty You ask, seems to Me about the only answer anyone can give
2/ Similar answer, commingled with SLV would be my Guess ,BoE,LBMA.
4/back to devalued drachkma
5/Iceland...... Smoke now eminating from earholes...must lay down ... :0)
#16. Is Us best place to be in case of melt down, or is there an off shore option?
I think if the US went down, there really would be no great place to ride it out. If the US goes down, I feel China follows shortly after. Europe would die days after based on their already weakening position. I have thought about this and think the best strategy would be defending the area you know. If you are in Dayton, stay there. If you are in Vancouver, stay there. At least you are familiar with the geography and eliminate that as an unknown.
If you can find a deserted island with a water source, bring some chickens, goats and seeds. That may be the best way to avoid the Zombies. Oh, don't forget the solar powered cd system so you can listen to your Speak Easy's Greatest Hits.
Eric, XTY, ReachWest: thanks for weighing in. I was hoping to spark a discussion, to just try to flesh out some analytical viewpoints, so that we all can crystallize our thinking. I find that by putting the question in writing, and trying to respond in writing, this process tends to focus one's thinking. And, by reasoning to whatever conclusions one can reason to, then that may lead to solutions to other problems which seem unsolvable at the moment.
Is time Linear ? I've been pondering this Question a long time as it has huge implications re. religion, 2012 prophecy, event acceleration, end times , spiritual awaking, frequency increase via cosmic/celestial body alignments Death and resurrection Physics and metaphysics.
I know it sounds silly to ponder this stuff, but I think this is at the center point of the "awakening evolution," that may or may not be happening to humans. I am not a Great Big Head, but as a Joe Shmo I think we are allowed to ponder?
I hope some smart folk here offer their thoughts, two heads are always better than one. Please feel no need to indulge Me, but any input pos. or neg. would be cool :)
How much of the reported gold is really Tungsten, and whose vault is holding it?
I personally can't think of any SHTF situation without involving God, and of Revelations, and the true ending of this world as we know it. I don't expect everyone to share these thoughts, but I do desire the opportunity to speak of them/share them with others who feel the same way.
Whoa there - that's a big list of questions!
Seeing as some of the first ones have been considered I'll go for the double digit ones
12. Shill advocated buying a 56K modem which is what they used in the MENA when they took the internet down. I have one. How many others of us do? That would be one mode of communication.
13. Done but on a very small scale here in the UK where it is easier due to sheer small size of geography. Phone no's as Xty suggested would be the next option. I have a GoldMoney account and have all their contact numbers on file should they take the internet down.
Now I'll hand over to someone else & CL did you see the repatriation of Greek monies from Swiss banks question about legitimacy and legal recourse - I wondered if you might have some thoughts on this?
damn brah. just damn.
sunday funday means i nEEd cold bEEr and a bolt W. pints are nice.
easy livin is right as long as it is wrong here is a song
#9 - Don't think the average person will be able to avoid the calamity but we can prepare for it which is what many of us here do. Being prepped will make it a bit easier to help your family and trusted friends. The rebuild will start in each one's community. Hope everyone is fostering good relationships with like minded people. Combining talents, skills and hard work will be the key to re-establishing a strong society. A strong nation is based on a sense of the national cuture of which the US has very little now due to the efforts of the Marxists or whatever you want to call them.
Multiculturalism, diversity, tolerance, etc are all designed to erode the fabric of American cultural values. Sorry but Lisa, Jane and their LGBT or whatever kid is not the kind of family that provides the backbone of the nation. It's not natural despite the MSM efforts to convince us otherwise. Mom, dad and the kids working together with other like families in their community utilizing the core values this nation was founded on is what will bring us back up. For now our ride into the gutter continues onward with strong leadership from the gov't.
"12. How will all of us Turdites communicate once the great collapse takes place?" I have thought about this. Assuming we still have electrical supply but the internet is taken over by TPTB, communication is still possible by devolving to a situation similar to what existed when I first went online in 1979. Newsgroups existed then and still exist. Propagation was between mainframes by telephone modems during overnight hours when time was cheap. Now I can see all my neighbours' wireless systems but they are password protected. If TPTB censor the internet a smart technophile will write a progamme for P2P communication using this system of overlapping existing personal wireless systems and tfmetals will devolve to a newsgroup. That plus encrypted landline telephone connections should enable the underground. [copied from Speakeasy comments - Mod. Jefferson]
Thanks for putting your questions in writing. After reading them I realized that some were my questions also.
I like very few people and trust even less but the posters in the speakeasy have a certain quality that not only lead me to like but also to trust them. My family (not the wife and kids) thinks I'm nuts and only one close friend and business partner is on board with pooling resources and expertise.
Depending on the time frame and scale of the impending collapse, we are looking at the coastal range of Oregon for a retreat. The land is still relatively cheap (lots of distressed properties), the fresh water is abundant and the people are genuinely friendly. We are looking at about a year to make this happen but we do not know if things will hold together that long. My wife and I both work in public education and the local paper just reported that our district is 36 million in the hole and may not make payroll. If it looks like the S will HTF quickly we will hook up trailers to our vehicles and run like hell.
Either way, if there is anyway that my family can assist anyone from the speakeasy, let me know. We will help if we can. No questions asked.
Reach west - that was just too damn funny. Thanks for the laugh.
And if we need to do business, Bitcoins will substitute for dollars in the electronic currency market. Seriously, people, having watched Bitcoin from the beginning I'm impressed with how far the infrastructure has com in the past 18 months. These guys are serious, dedicated and anti-authoritarian to the core.
P2P digitally secure money whose encryption gets stronger the more people use it.
read about it here: www.bitcoin.org
Watch the stock market in Bitcoins at www.mtgox.com and www.bitcoincharts.com
If you are serious about creating privacy for yourself this is a mechanism. They've already survived a drug money laundering episode, the DoJ trying to infiltrate it, etc. I wouldn't put/keep a lot of money in that system, but a small bit ($100 - $200) or so isn't a bad idea.
I think I have figured this out. It finally dawned on me. It is so easy, yet so complicated, depending upon how one chooses to view the question.
Here we go:
Since humans essentially conduct world commerce, that is, the exchange of resources between nations all across the globe, based on a fiat system, which is itself a fraud, then the entire population of trading partners know full well the stakes as they themselves realize that nothing is backing the fiat but empty promises. So, the means of exchange is not too important really, so long as everyone agrees to play by those rules and exchange worthless fiat for worthless fiat, based on a determined world order of things.
So, naturally, this presumes that there are some truths to this scheme, or else the system collapses, to no one's benefit, which is why the system is automatically going to do whatever is required to maintain stability. This means that actors who cause instability are likely to be removed from the system, simple as that. This is about as simple as the story about the emperor wearing no clothes. No one can dare be allowed to speak the truth.
So, another truth is that supposedly, resources belong to those who actually possess them. But is this really the case?
If it were true, then would not gold be the ultimate resource to possess? Sure makes sense, correct?
But, is the ultimate resource physical GOLD, or who controls physical gold?
Again, it matters not what is actually in one's possession. What matters is the illusion of possession, or more importantly the ability to coerce compliance with the illusion of possession by force.
So, who would that be? Ummm, let me think . . .
Who is the only country to drop nukes on civilians?
Who is deployed militarily on all continents, all over the world, including Australia?
See, easy, huh?
The US military complex, funded by US dollar hegemony, is the force coercing compliance with the illusion of possession of resources, including physical gold.
Who then, controls the military complex? The President of the USA along with the psychophants in congress.
Who gets the pres and congress elected? Big money.
Who has the big money?
Who has the big printing press?
Who runs the Fed?
Who is backing Bernanke?
Am I right?
If so, then what chance on earth does Ron Paul have in ending the Fed, or of getting close to doing so?
I pray for Ron Paul.
And, this simple truth explains EVERYTHING.
The FED will not allow a global system collapse to occur at once. It must be managed, and it will be managed. The death throes will not be pleasant. Old friends will become bitter enemies. There will be sacrificial lambs. Corzine comes to mind.
Regulators will come and go, like Chilton, who will soon face a scandal and resign, mark my words. He has strayed too far from the ranch, and will be hunted.'
Anyhow, I have posted my conclusion. On to the next question.
From poster evolutionx at Zerohedge, here.
...because the confidence/illusion/fear of the U.S. war machine by everyone is what might be at play for the most part overall in everything that seems to revolve/or not from DC. IMO just look at how the Fed. seems to be letting the EU dangle. It appears that way.
Gold is still the ultimate psychological treasure/possession no matter what Bernanke says. A "tradition" he said?
Yeah, a tradition of being fabulously wealthy and the ultimate power symbol through the ages.
Go back to my Anthill post and I end it with a chilly post cold war scenario that's still playing out. That whole Stratego mindsent where we have a group of players still traumatized by WWII for the most part and what were capable of in a large scale way. They look at the U.S. as a player who will, and has, done whatever it's taken to win. In many, many situations.
We might be in the final stages of the cold war, but in essence we have stealthily entered into a gold war and the result of it all is a neo-currency extremism where the Govt. 's and their gold reserves will make their way into the IMF/Fed. bunker one by one.
They might already be there, and this battle is one of keep away.
I'll go with Eric O's answer for #1. It fits what I mostly believe at this point. I believe right from the get go it will be a farce and people like us see right through it of course.
The general public might not be so observant and it could trade like GLD with no redemption and just a premium paid out and no physical...ever.
Yep, a fraud, but a necessary and enforced one by that point in time.
An epic lack of foresight, accuracy and rationale... https://www.tfmetalsreport.com/comment/170246#comment-170246