"A Tremendous Secret" (resetting the monetary system)

[Abhaha]

OK.  So can Jeromie, or someone else who understands this better then I do answer this:

I have $1,500 (USD) in cash hidden away in my basement as my emergency fund.  What should I do with it in light of what we've been talking about here?

You might keep it there and take a few hundred bucks of it and buy some silver rounds before the price of them rises dramatically.

[boiler_92]

OK.  So can Jeromie, or someone else who understands this better then I do answer this:

I have $1,500 (USD) in cash hidden away in my basement as my emergency fund.  What should I do with it in light of what we've been talking about here?

You might keep it there and take a few hundred bucks of it and buy some silver rounds before the price of them rises dramatically.

Where can I score those?

[ninakat]

OK.  So can Jeromie, or someone else who understands this better then I do answer this:

I have $1,500 (USD) in cash hidden away in my basement as my emergency fund.  What should I do with it in light of what we've been talking about here?

You might keep it there and take a few hundred bucks of it and buy some silver rounds before the price of them rises dramatically.

Where can I score those?

APMEX is reliable, from what I understand:

https://www.apmex.com/Product/23/default.aspx

[justanouveaufarmer]

A lot of people have been recommending this:

www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

Cheap and everybody knows what they are and what they're worth.   And hard to counterfeit.

[Azaziah]

A lot of people have been recommending this:

www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

Cheap and everybody knows what they are and what they're worth.   And hard to counterfeit.

I second this.  Never a single problem (so far) with APMEX.  Quick delivery and promises kept. 

[nepenthean]

       Also, does anyone know if the US dollar devalues, what effect it would have on the Australian and NZ dollars?

They will devalue at the same time, I would think.

[Emeline]

       Also, does anyone know if the US dollar devalues, what effect it would have on the Australian and NZ dollars?

They will devalue at the same time, I would think.

Thanks nepenthean.  I was kind of thinking that might be the case.

[kats]

You can't "devalue" the dollar. It floats. Do you mean the dollar sinks against the yuan/euro???

[cz]

You can't "devalue" the dollar. It floats. Do you mean the dollar sinks against the yuan/euro???

Yeah, I'm wondering the same thing... that link about Q.E. and devaluing the British currency - at the time it was *gold* backed, as were all currencies pretty much at the time.  Isn't this a whole different ball of wax if its fiat currencies?  How does one devalue the dollar against the other currencies when there isn't a gold standard that they all are based on?

[mtlouie]

You can't "devalue" the dollar. It floats. Do you mean the dollar sinks against the yuan/euro???

Yeah, I'm wondering the same thing... that link about Q.E. and devaluing the British currency - at the time it was *gold* backed, as were all currencies pretty much at the time.  Isn't this a whole different ball of wax if its fiat currencies?  How does one devalue the dollar against the other currencies when there isn't a gold standard that they all are based on?

It's even more phony now than it was then.

[picasso moon]

Ironically, LATOC, where one can find far more PO information than almost anywhere, is also a place where someone on a forum can assert that the US, with 5% of the world's population, isn't really using 25% of the energy (a simple matter of energy usage, which has nothing to do with exports of oil, as if the US has been a net exporter any time recently), and get away with it.

[mtlouie]

picasso- Most people, including some LATOCers, absolutely do not understand a thing about energy.  What it is.  Where it comes from. How it's made, stored, or transported.

I've often tried to get people to read this:

http://www.harpers.org/TheOilWeEat.html

but I think a lot of those kinds of people come straight to the forum, don't read anything Matt has on the site, including the breaking news.  They just come to the forum and start spouting crap that they've heard on Fox News or Rush Limbaugh.  Oh, well.

  It's pretty easily summarized in one sentence:  There ain't no free lunch.

[nepenthean]

        You can't "devalue" the dollar. It floats. Do you mean the dollar sinks against the yuan/euro???

How is this...you give the gov.us 3 FRNs, and they will give you 1 new dollar. Devaluation complete. Presumably, debt would be 1/3 as well, or everyone would be bankrupt rather quickly. Likewise, Au/Ag would increase accordingly at the very least. Gov.us debt would also decrease resulting in outright default.

Get your food, water now.

[FilterFeeder]

What can you do? EXHANGE THOSE SOON TO BE WORTHLESS pieces of paper in for real things. That is my plan.

Even to the point of getting a new pool liner put in today. I know its wasteful to a certain degree, but it will last me well over 12 years. Better to do it now while I can still actually get it done, then to wait till all the water pours out of it and I'm stuck with a 40 x 20 foot x 8 foot deep hole in my backyard.

Robert - I've always respected your analysis, and I'm really not here to flame you. But... The degree of disconnect between the conclusions of your analysis and your real world applications of this knowledge often leave me astonished. This one takes the biscuit - you consider that your entire savings might be wiped out over night so you prep your frigging swimming pool? WTF for?

[cz]

Ironically, LATOC, where one can find far more PO information than almost anywhere, is also a place where someone on a forum can assert that the US, with 5% of the world's population, isn't really using 25% of the energy (a simple matter of energy usage, which has nothing to do with exports of oil, as if the US has been a net exporter any time recently), and get away with it.

picasso- Most people, including some LATOCers, absolutely do not understand a thing about energy.  What it is.  Where it comes from. How it's made, stored, or transported.

Ok, but I have to note here for both of you two that the name of this site is also not LifeAfterTheEnergyCrash (which would be inclusive of LifeAfterTheCoalCrash, LifeAfterTheNaturalGasCrash, etc).

I'm not sure the US (our 5% of the population) uses 25% of the worlds energy, I don't think I've seen statistics on that anywhere, but I do know that we use about 25% of the worlds oil. 

Realistically, the sun alone generates more energy than we could ever use (if we could harness it all).  But, solar isn't going to replace your plastic toothbrush, the 7gal of oil per tire on your largely plastic/oil constructed/reliant car, the plastic wrap you buy your meat in, the gazillion plastic bottles going to landfills from people drinking bottled water, etc.  We can't build solar panels w/o oil anyways, nor nuclear, or mine enough coal, etc.  There is "energy" there, but harnessing it still requires us to use oil (at least in the forseeable future).

Its our reliance on oil which will kill economies.  Even if we were to find an alternative, what would we make Robert's pool liner out of? But, we made the decision that its easier/better to have a private pool in our back yards, rather than go to the ocean or to a local lake/pond to swim - we've chosen, continually, personal "convenience" over economic self-reliance and reality.  Yes, the reality is that we're headed towards serious "energy decline" - but because we decided/discovered 100+ years ago that oil is the most compact/efficient energy we had (given the technology at the time, especially), and even after the 70's US peak, we decided that alternative (solar/wind) were still not important to pursue.  We're addicted to cheap crackoil, a more potent drug than cocainecoal, or alcoholsolar, and so we've pursued our crackoil addiction even in the face of the inevitable outcome - and now we're going to pay the price for it, and the withdrawl is going to be ugly...