"A Tremendous Secret" (resetting the monetary system)

[J.A.F.O.]

If you just "suspect", you need to read more of the posts here.. hell yes, I look forward to the total collapse of the USofA.. The rest of us (the entire world, of which the US is just a tiny part) are sick of being fucked over by Uncle Sam for the sake of the almighty dollar, and lots of us look forward to seeing you go down...  not to mention it's the best damn chance we have to save the planet.

The dollar crash isn't going to just screw up the USA, the effects of a dollar crash are going to be more far reaching than many here suspect, I think. In much of Eastern Europe the vast majority of business is done in dollars, most people have their savings and assets in US$ and in Ukraine it's more or less the de-facto currency now the hryvnia's fallen off the face of the Earth. I believe that in many South American nations this is also the case. So to say that a dollar crash will have the rest of the world laughing smugly as the "evil empire" collapses is naive to say the least.
...

I'm very well aware that the rest of us are fucked when the US goes down..  I only remarked that many look forward to seeing it.. of course, when it actually happens, laughter (smug or otherwise) will be the last thing on their minds..

[haniel]

Finally, the move that would count would be to go back on the gold standard by revaluing the current gold in storage by the Feds to cover the outstanding paper. That would mean revaluing gold to about $38,000 an ounce.

That's an interesting idea.  How about doing that on a global level?  i.e., all countries doing it at once?  Any country hoarding gold might suggest it....

[Tinfoilhatmann]

I don't think that will happen because I don't think they have any gold left. That's why they don't want an independent audit. The jig would be up.

[haniel]

I don't think that will happen because I don't think they have any gold left. That's why they don't want an independent audit. The jig would be up.

Okay, two guys who have photos of themselves (I assume that's you) wearing tin-foil hats are discussing this.  It does not bode well.

What are the gold reserves like for each country?  What physical bullion do the big players in wall street have?  How much can they run up paper gold without an audit?

China apparently is grabbing all it can.  How about the other BRIC countries?

Scenario:  The dollar tanks and gold skyrockets.  How much gold would china need and how high would gold have to go for the profit on gold to exceed the loss on dollar holdings? 

If enough of American TPTB (i.e., Goldman Ransacks and friends) have physical gold, then I see no reason why they would not run up the price at a time that makes the biggest profits for them.

Best of all, everyone can say they tried to avoid it (keeping gold depressed/dollar propped up) and nasty china is the bad guy, dumping the dollar and collapsing the economy.  No one outside the wall street auditors and inside people, and anal-retentive accountants like Jeromie  would ever spot the real game. 

They just need to crush the common person enough to get them to give up all the gold jewelry for about 30% of it's melt value via the "Cash-for-gold" scams running on TV.

Collapse the dollar when the effect on Gold means the net result is a gain for those with large physical reserves.  And since the US would still owe China, a global "Get back on the gold -backed standard at the 'new value' of gold" then China gets the publicly-owned gold to repay debt (while wall street banksters can sell theirs at the top of the market.)

[graveday]

LOL about the tinfoil.  Maybe you two should switch to gold foil.  Noticed you got that hyphen in anal phrase.  So who is such?  Anyway, Jeromie is much more than just an accountant.   That was just his day job.
The notion of any country sitting on top of a heap of gold brings to mind a neighbor kid who used to put all her toys in a pile and sat on top of them to prevent my son from playing with them.  A pile of gold would be about as useful these days to any country, as a country, I presume.  Now as an individual, I wish I had one.

[ninakat]

Is the U.S. Economy Headed for a “Sudden Stop” Event?
http://cryptogon.com/?p=11376

[PeakARoo]

Here is an interesting article on some trouble the USD may be heading into.


It comes with free nutty right-wing anti-Obama comments at the bottom.

Obama bowed before a Saudi King... wooooooo big fucking deal!

No mention in the comments of America's MASSIVE ENERGY AND CONSUMER CULTURE that was in place well before Obama was elected.


http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

[ninakat]

Thanks PeakARoo -- that's a very significant article, and it's being discussed in a separate thread here:

http://www.doomers.us/forum2/index.php/topic,54122.0.html

[cabacaba]

Don't sweat the Planet. The Planet has built in correction forces that will take care the overpopulation and pollution problems. Earthquakes are increasing, volcanoes are going off all over on land and underseas. Looks like a "Mini" ice age is coming. Snow packs are increasing, ski lodges are opening earlier than ever. Rain fall is increasing. Remember 1 inch of rain equals 1 foot of snow... Ten feet of snow or more is possible.

I wonder how Gore intends to stop the volcanoes from belching tons of CO2 and CO. Maybe he could set his big fat butt on top of the volcano?

Mother Earth is getting ready to hit the RESET button..... So the little piss ants called mankind, don't worry, be happy. Mommy is going to fix it all....

http://www.iceagenow.com/index.htm     

[ninakat]

USD Future and a World Currency
by Christopher Laird, PrudentSquirrel.com | October 28, 2009

(...)

One gets the impression of a very delicate balance keeping the USD together for the moment, and the question is when will that balance fall apart?

I know we all have heard about the ‘imminent USD demise’ for decades, especially from 2002 to around 2007/8 with gold rising by a factor of over 3 times. And, if you have followed the USD story since around 1971, when Nixon took the USD off the gold standard, and the inflation that followed in the 70’s, the ‘imminent demise of the USD’ story has been around for decades.

But this time is different, very much so, with a US fiscal deficit now at 40% of government expenditures.

But the USD has still hung in there. What is different this time? Could the USD merely have a ‘controlled burn’ and gradually devalue, and not see a catastrophe in the FX markets? Perhaps the USD falling over a period of several years to 40 on the USDX?

Or, is there enough fiscal pressure now for an accident, and a chaotic fall in the USD in the FX markets and an assured world currency crisis that follows? IE if the USD had a chaotic devaluation, the rest of the world’s currencies, especially the Yen, would have heart attacks at the same time.

In other words, a chaotic USD collapse probably means a Yen collapse, and other currency collapses as well, and God only knows what kind of chaotic unwinding of carry trades?

(...)

Every major nation calling either for a new currency or a new world order

And, in the last year, every major nation has either stated that a new one world currency is desired and or also a one world government. How the hell did that consensus gather so fast? Previously, only about two countries even talked about that publicly; now they all are saying this at the same time? There are HUGE changes afoot. Then this dubious Copenhagen treaty which will create a quasi world government/economy with enforceable laws…

We continue to ponder the probability of a USD crisis with fast onset, or the alternative gradual USD decline which everyone hopes for. Regardless, the demise of the USD will change the entire world.

[cabacaba]

One world government Before or after WWIII?

[mazz75]

it's gonna come fast, no just the dollar either. the speed comes from the involvement of computers in finance - a computerised bank run / capital flight could happen one day when you just pop into the toilet, by the time you come out TSHTF. I have visions of managers busting open the comms room doors and just yanking the power cables out - too late
the kaboom will take out the currencies of any nation thats in bad debt and that debt will be defaulted on, the stuff at the top of the inverted finance pyramid and all the major banks will be smoking craters. suddenly millions of white collar workers at all the leach type firms that suck off the teat will have no jobs to go to. physical cash will still have value and gold, barter and massive black market economies will thrive. manufacturing, agriculture will still be around..and trade but the gov will be totally unable to deal with the massive amounds of unrest will occur. too many imbalances brought to light in one go. there will be no desire to recreate them and they couldn't if they tried. whatever we get will be so different people will be talking about cosmic shifts. i go on record to say that things suck at the moment and the good news is 'it' won't be too much longer. 'It' is reality and I want to live in reality not bullshit matrix. it's very hard to talk about this stuff now, it will be very easy when it happens.. that's the final barrier to fall when people realise there's no sane person at the controls

[graveday]

i could happen one day when you just pop into the toilet, by the time you come out TSHTF.

So you're saying that real preparation may involve constipation?

[mazz75]

hehe, that is funny. Actually I'm serious I've always felt sure the crash is gonna be fast. Denninger gave me this idea but I work in computers and can see how it could happen.

As to the date, well I am advocating May 21 next year - since everyone else has a theory on *when* well that's mine
My belief is TSHTF has many good points to it and is something to be welcomed, it so happens to be the 'truth' and even if it's uncomfortable I would take the truth any day over what we have today

I imagine the 'crash' will take out the phony economy leaving the real one behind.. all those people shuffling bits of paper which were a good as cash, that stuff is a Ponzi scheme.

It will be a very Exciting time to be alive, ever wished you were James Bond? Well now you can be.. this is the time for heroes

[graveday]

You are aware of the Chinese curse about exciting times?