US Dollar Doomed - Bob Chapman 3/26/2011

[jackovesk]

The Dollar is Doomed : You Should Be In Gold and Silver with Robert Chapman -- Mar 26

Part 1

Source: http://www.youtube.com/watch?v=Tsq5hdhBEkw

Part 2

Source: http://www.youtube.com/watch?v=LfOpxwQsmDs

[HORIZONS]

How many years now has this doom been passed around?
No offense, but like I really trust people like Bob as they all will sell you silver and gold (for the soon coming dollar collapse) for US dollars - what a racket. I think I'll invest in toilet paper instead - this people will need.

[Arpheus]

That gold and silver is going to taste really good when you got no food anywhere to be found,that is if that ever happens,i heard you can make all sorts of yummi dishes with gold and silver hehehe,not sure i could handle all that metallic taste tho.

[Teakai]

I think this Cree prophecy has it down pat.

“When all the trees have been cut down, when all the animals have been hunted, when all the waters are polluted, when all the air is unsafe to breathe, only then will you discover you can’t eat money.”
(Cree prophecy)

[Teakai]

Posted by HORIZONS (here)
How many years now has this doom been passed around?
No offense, but like I really trust people like Bob as they all will sell you silver and gold (for the soon coming dollar collapse) for US dollars - what a racket. I think I'll invest in toilet paper instead - this people will need.

Yeah, but now it's really really really doomed.


Toilet paper is definitely a good investment.

(If memory serves me; Lyndsay Williams said something like 3 months after something happening in Egypt the US dollar would crash.)

[Dennis Leahy]

Silver went up something like 35% since last November. It probably is not bad advice to buy some 99.999 fine silver 1oz coins, to keep in your possession.

Dennis

[Heartsong]

And what will you exchange your gold or silver for? Maybe Euros? Dinar? They won't take gold or silver at the food market , what would they do with them?

If the dollar goes down, so do all the countries who have are holding U.S. paper (treasury notes, bonds, loans in general). With Japan out of commission for a while, the U.S. will take up manufacturing and exporting again and slowly there will be a better balance of trade.. This will take a some time and we might not be in the position we once were but it will come around.

[rmauersr]

It is foolish to invest in precious metals before one has prepared by storing food and other items needed for self sufficient living.
If there is money left after the preparation effort is complete, the precious metals will be good protection from a collapsing fiat currency like the dollar.
If food becomes scarce how much gold or silver will be required to purchase a homemade loaf of bread?

[jackovesk]

Posted by HORIZONS (here)
How many years now has this doom been passed around?
No offense, but like I really trust people like Bob as they all will sell you silver and gold (for the soon coming dollar collapse) for US dollars - what a racket. I think I'll invest in toilet paper instead - this people will need.

Posted by Arpheus (here)
That gold and silver is going to taste really good when you got no food anywhere to be found,that is if that ever happens,i heard you can make all sorts of yummi dishes with gold and silver hehehe,not sure i could handle all that metallic taste tho.

No Offense,

I plead with you...for once to use your 'COMMONSENSE' if you can't understand the 'TRUTH' and you are not willing to heed the warnings right before very eyes, I feel very sorry for you and your family.

Ignorance through Fear will not get you anywhere!

Have you at all noticed the $USD decline against some of the major world currencies lately? Have you at all noticed the US National debt levels? Have you at all noticed what the Corrupt Privately Owned US Federal Reserve has done to the USA?

I am not mocking you...again I plead with you to do some more research on the inevitable fate of the $USD.

Many people don't understand the concept of buying Gold & Silver (which is actually the favoured currency of the PTB Elite)...

In a Nutshell...

I myself start buying Silver at $26/ounce now worth around $35/ounce...

I know my investment is keeping up with inflation and I can go to my local coin dealer at anytime and trade it for cash to buy whatever I want including food and toilet paper!!! (There will be No Food Shortage - You just won't be able to afford it!)

Max Kieser Part 1 - Listen to the 'TRUTH' if you dare...

Source: http://www.youtube.com/watch?v=ZxdB6F1_kvY

PS - If you still want to plead Ignorance and Not Educate yourself you deserve to go down with the ship!

[bitworm]

Stocking up on gold and silver may not be the most feasible solution in times of crisis.

From another thread:

Source: http://www.youtube.com/watch?v=Gk5aRIz17fk

[Mad Hatter]

99.999% silver in physical form is also useful for home made colloidal silver....

[Hybrid5226]

Mad Hatter

Beat me to it on the collidial silver .

I was one of the unfortunate people who had all the saving tied up into 401k when 911 hit an I lost a 3rd of my retirement saving .

So I took it all out an invested in property which I still think was an ok idea except 1 of the pieces of proptery I fell in love with an hoped to be the piece again for retirement living ?
Well the Dept of Natural Resources decided they wanted it as well .

Lately I have this idea going around in my head that if my retirement plans do not pan out an my health goes to hell an ssi is gone by the time I retire I'm going to order a plane ticket on line an right after that go down an buy a brand new car on credit an take that car an drive through a check point or border crossing at a 100 miles an hour while flippin the home land security guys off on the way to the air port an then run into the airport an hand my plane ticket over to a TSA agent as I grab them in a death grip when they try to frisk me up an when the cops show up I will protest an get arrested .
I will have a cot an 3 meals a day an medical untill I kick the bucket .

Seriously though I think some silver is a good idea .
It is all a gamble any way you look at it .
Maybe silver will go high enough before shtf an you can resell it an buy more hard goods .

[Calz]

Posted by rmauersr (here)
It is foolish to invest in precious metals before one has prepared by storing food and other items needed for self sufficient living.
If there is money left after the preparation effort is complete, the precious metals will be good protection from a collapsing fiat currency like the dollar.
If food becomes scarce how much gold or silver will be required to purchase a homemade loaf of bread?

This is a good point as I expect the rise in food prices at least equal to (and likely much higher) than that of precious metals.

Even prior to "worst case scenarios" remember that as fuel prices rise that is reflected in (and passed along) the cost of growing/shipping food.

[Calz]

Posted by jackovesk (here)

I know my investment is keeping up with inflation and I can go to my local coin dealer at anytime and trade it for cash to buy whatever I want including food and toilet paper!!! (There will be No Food Shortage - You just won't be able to afford it!)

I appreciate your passion and actually agree with most all your post.

Caveats would be to what degree we are talking about "disposable income"? How much non-perishable food is already stored? Ability to grow your own? Live off the grid?

Not everyone's situation leads to the same solution.

I actually traded futures for several years so have some background with the markets.

Anyway ... not sure how it works out in Oz but if I go to a local coin/metals dealer I have to pay 10% sales tax in addition to whatever profit margin is worked in.

Additionally if/when the dollar did collapse to zero then what would the local coin dealer pay you with? Would you take worthless paper in exchange?

[Humble Janitor]

I almost ended up buying silver but then I thought about bartering and whether or not that would come back into play in times of crisis. After all, there is no way I can afford either gold or silver at this point.

[corson]

being careful not to spread fear is a big issue regarding the economic situation. from what i've seen so far, most americans either don't know what's going on in the global economy, and the rest are just shunning the current trend. it is definitely a good idea to have a little gold and silver and also, keep the cash. there will always be somebody willing to work with it. there are towns sprouting up around america that are starting too work with the barter system as well. in the final analysis, there isn't anything we can do to stop the bottom from falling out, however, we can resist giving up as easily as they want us too. keep doing what you're doing. make sure you have all the basic core elements in your households at all times. be prepared for the worst. keep an open mind and resist the urge to purchase big ticket items like t.v.'s and the like. i work in retail, and i see hundreds of people wasting there money everyday. purchase what you need for yourself and your family and dig a hole in your back yard if you have to too hide the currency........
warmest regards, corson

[jackovesk]

Posted by corson (here)
being careful not to spread fear is a big issue regarding the economic situation. from what i've seen so far, most americans either don't know what's going on in the global economy, and the rest are just shunning the current trend. it is definitely a good idea to have a little gold and silver and also, keep the cash. there will always be somebody willing to work with it. there are towns sprouting up around america that are starting too work with the barter system as well. in the final analysis, there isn't anything we can do to stop the bottom from falling out, however, we can resist giving up as easily as they want us too. keep doing what you're doing. make sure you have all the basic core elements in your households at all times. be prepared for the worst. keep an open mind and resist the urge to purchase big ticket items like t.v.'s and the like. i work in retail, and i see hundreds of people wasting there money everyday. purchase what you need for yourself and your family and dig a hole in your back yard if you have to too hide the currency........
warmest regards, corson

Some Good Advice here Corson..

[Sabrina]

http://www.sovereignsociety.com/page...S&code=PSVSM3\
01%3E

Although they are obviously flogging their products, this is an interesting report with the view that the US municipal bond market will crash shortly, forcing the Fed to print trillions of dollars.

[jackovesk]

Posted by Calz_Avaretard (here)

Posted by jackovesk (here)

I know my investment is keeping up with inflation and I can go to my local coin dealer at anytime and trade it for cash to buy whatever I want including food and toilet paper!!! (There will be No Food Shortage - You just won't be able to afford it!)

I appreciate your passion and actually agree with most all your post.

Caveats would be to what degree we are talking about "disposable income"? How much non-perishable food is already stored? Ability to grow your own? Live off the grid?

Not everyone's situation leads to the same solution.

I actually traded futures for several years so have some background with the markets.

Anyway ... not sure how it works out in Oz but if I go to a local coin/metals dealer I have to pay 10% sales tax in addition to whatever profit margin is worked in.

Additionally if/when the dollar did collapse to zero then what would the local coin dealer pay you with? Would you take worthless paper in exchange?

Some Good points Calz,

Things are nowhere near as Grim Down-Under in Oz as your situation in the US mainly due to the strength of our Natural Resources.

When I buy Silver they usually charge approx. $1.24/oz over the spot price.

I buy and sell with Cash only...

There is always going to be some kind of Cash substitute i.e. (New Currency if the $USD crashes or there is a run on the Banks or a Govt. induced Bank Holiday) and I would only sell the Silver if I needed to.

Be rest assured that Gold & Silver will always be tradable and have value no matter what the state of the economy is.

But remember due to the inability of the US to repay their National Debt, your Federal Reserve Notes are only worth the amount of paper they are written on.

[Lord Sidious]

Posted by jackovesk (here)
Some Good points Calz,

Things are nowhere near as Grim Down-Under in Oz as your situation in the US mainly due to the strength of our Natural Resources.

...

But remember due to the inability of the US to repay their National Debt, your Federal Reserve Notes are only worth the amount of paper they are written on.

Australia can't repay the debt either and the notes are plastic, just like the nation.