Gold Will Outlive Dollar Once Slaughter Comes: John Hathaway

[truthseekerdan]

The world’s monetary system is in the process of melting down. We have entered the endgame for the dollar as the dominant reserve currency, but most investors and policy makers are unaware of the implications.

The only questions are how long the denouement of the dollar reserve system will last, and how much more damage will be inflicted by new rounds of quantitative easing or more radical monetary measures to prop up the system.

Read more: http://www.bloomberg.com/news/2010-10-29/gold-will-outlive-dollar-once-slaughter-comes-commentary-by-john-hathaway.html

[Peace of Mind]

Good riddance. The faster humanity gets away from this system of lies, greed, egotism and materialism, the better off we will be. In all actuality…I’m looking forward to a no currency way of living. When the system falls, I’m expecting gold, silver or any other precious metal and stones to be nothing more then tiny pretty shiny pieces of the Earth. I doubt we would want to go back to bartering like the old days because the transition will just be too exhausting. Besides sooner or later Corporations will form and we will have the same issues as we do now.

We will be smarter this time around just from the simple fact of everyone’s consciousness rising. Humans will either be forced into being responsible and respectful to each other…or destroy each other due to the lingering affects of the old and evil paradigm. The change will not lead to the same old same ol, it will be different and possibly come at a cost. Anything in life that hasn’t costs you great energy and/or commitments were not appreciated. We will all appreciate the down fall of these current governments. The best things in life aren’t really free at all, especially freedom. Preparation for an uncertain future is not only challenging, but to succeed, we can not lie to ourselves about whom, what, where and why the problems exist…we, (our individual ego) have always been the most difficult obstacle to get over. We shall over come....someday.

Peace

[Kulapops]

Yep.. keep your eyes and ears open. But Endgame ? It was the Endgame two years ago. This must be the after party show.

Yes, the wheels are coming off the cart... but how many wheels has it got? And what if someone starts sneaking them back on two years from now?

Be prepared, stay alert, watch www.jsmineset.com if you have to. But endgame? Depends what that means I think. Certainly Jim talks about QE to infinity as being the Fed's only recourse. Not a good thing. They say gold is the way, but you can't eat that of course. And if you keep it somewhere safe, how will you get hold of it when the time comes. And when the time comes, what will you do about all those people running around like headless chickens ?

So no, I'm not believing or wanting Endgames any more. It would be grisly to say the least. I vote now for Positive quantum change (Kulapops TM all rights reserved). This is where you wake up tomorrow and the world is the same, but slightly different, and people can't figure out why, but suddenly chicken isn't very tasty any more. I mean like, you were sure you used to like it, but now, it just tastes awful, and nobody wants to eat it, and no one can figure out why you'd want to eat such funky and cute looking birds. i mean, they have souls man ! They look at you like they know something you don't....

I'm being metaphorical, right ? ;)

But that's how I see the world changing. You won't find that on any website or forum. Just like the car appeared out of nowhere and the mobile phone, and the internet ( and the x-factor for christ's sake !) the changes that are to come, we have no knowledge of, we can only guess, but once they're here, it will be hard to imagine them never having existed !

Peace

[Lost Soul]

I'm unsure that even with the engineered collapse of the paper currencies that people will wake up. Paper money has collapsed before. Zimbabwe, Soviet Russia, Weimar Germany, Nationalist China (pre-1949), Confederate States of America, Continental Congress' dollar ("not worth a Continental" was a saying coined during that time). In Argentina (circa 2001), they closed the banks on the people, destroying the wealth of the middle class overnight. Still, there was no effusion of blood on the streets. It would be good though if people took it as a wake-up call as to the deception practiced upon them.

BTW, we should all stock up on precious metals and food. This accomplished, concentrate on spiritual salvation. It's the only real thing that counts.

[conk]

History lessons clearly show that paper currency has collapsed many, many times since it's first modern inception in the 1600/1700s. Of course it's by design. The rich and powerful suck from the bottom up through inflation and printing more paper. Ponzi of all ponzis. Even thousands of years ago owners of gold vaults spread more receipts than held gold. They just bet that all gold owners would not come after their stash at the same time. Just like today. Most all the money people think they have are merely digital placeholders.

Worse, our currency does not represent value, production, labor, hard work, savings, capital equipment/facilties, goods, etc. It represents DEBT. Amazing isn't it? Worse than worse, our country's worth is only manipulated, complex, fake representations, and contrived mechanisms that insist on going further into debt. That's why 'they' are always clamoring for progress. Progress means more loans and more debt.

Now, just imagine this charade inflating to infinity. It must fail before it gets there. Buckle your seat belts and stock your home with tangible goods.

[Ahkenaten]

But what is new is collapsing the economy in the US on this scale............it brings into question the very notion of 'democracy' - and even if TPTB have managed to nibble away at that until it is like Swiss cheese, the democracy meme is very, very powerful and has influenced millions, perhaps billions of people in positive ways. When the people awaken to what is being done, there will be an extremely powerful shock wave that will move through the ether........................against the forces that seek to squash the individual and enslave the masses to the advantage of the less than 1%. That shock wave could take many different forms, but I predict that it WILL be revolutionary in nature. And it WILL be positive.

[sjkted]

A few quotes (courtesy of ZeroHedge):

“Either cuts in spending or increases in taxes will be necessary to stabilize the fiscal situation…The Federal Reserve will not monetize the debt.”

--Ben Bernanke, Federal Reserve Chairman (June 2009 -- before he decided to monetize the debt)

-------------------------------------------

The Federal Reserve will buy $110 billion a month in Treasuries, an amount that, annualized, represents the projected deficit of the federal government for next year. For the next eight months, the nation’s central bank will be monetizing the federal debt.

This is risky business. We know that history is littered with the economic carcasses of nations that incorporated this as a regular central bank practice.

--Richard Fisher, Head of Dallas Fed

--sjkted

[sjkted]

I'm unsure that even with the engineered collapse of the paper currencies that people will wake up. Paper money has collapsed before. Zimbabwe, Soviet Russia, Weimar Germany, Nationalist China (pre-1949), Confederate States of America, Continental Congress' dollar ("not worth a Continental" was a saying coined during that time). In Argentina (circa 2001), they closed the banks on the people, destroying the wealth of the middle class overnight. Still, there was no effusion of blood on the streets. It would be good though if people took it as a wake-up call as to the deception practiced upon them.

BTW, we should all stock up on precious metals and food. This accomplished, concentrate on spiritual salvation. It's the only real thing that counts.

In all of these scenarios, there is no evidence that anyone woke up. The only scenario I have researched where people kind of woke up was Argentina because it was so blatently obvious that the banks were looting the people and the government was complacent in letting it happen.

In the other scenarios, the thing collapsed and people saw it as a screw up and then after a while things were back to "normal".

In the case of Germany, I doubt there could have been an Adolf Hitler, had there not been the hyperinflation of the Weimar Republic.

--sjkted

¤=[Post Update]=¤


But what is new is collapsing the economy in the US on this scale............it brings into question the very notion of 'democracy' - and even if TPTB have managed to nibble away at that until it is like Swiss cheese, the democracy meme is very, very powerful and has influenced millions, perhaps billions of people in positive ways. When the people awaken to what is being done, there will be an extremely powerful shock wave that will move through the ether........................against the forces that seek to squash the individual and enslave the masses to the advantage of the less than 1%. That shock wave could take many different forms, but I predict that it WILL be revolutionary in nature. And it WILL be positive.

Yes, this is the big issue. In ever other case we have had of hyperinflation in written history, it has been contained to a single nation. In our case, when this happens in the US, it will send shock waves to every country in the world. Nobody will be spared from our collapse. It was entirely different for example in Argentina as it was pretty much a singular occurrence and no other economies blew up as collateral damage.

--sjkted