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On the Brink?

13 Dec

Anytime after December 21st?

You may want to watch this short video two or more times.

video   00:04:09

 

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27 responses to “On the Brink?

  1. itsmymoney

    December 13, 2014 at 9:41 AM

    This is disturbing. I have a considerable amount of savings in a managed Roth account. However, I am not old enough to ‘drain it’ without penalty. And, what does ‘total collapse’ mean? Are we talking a 50+% drop or more in the Dow?

    What, if anything can ‘we’ do in the short-term to ‘save’ these type of accounts? I don’t want to panic, but I do believe ‘something bad’ will happen, just don’t know to what degree.

     
    • Adask

      December 13, 2014 at 12:27 PM

      I don’t have an answer for your questions. I have no idea how to deal with a Roth Account. I also have no idea as to the magnitude of decline that might be coming. I can’t even say for sure that a decline is coming. But I can say that each of the “three signs” reported in this video appear to be valid and recent. Those “signs” do suggest that something “big” may be approaching within the next month or three that will have an adverse effect on our economy and wealth. I hope that “suggestion” is mistaken.

      But, I didn’t post that video because I’m trying to “sell fear” on this blog or “sensationalize” the info in that video. I posted that video because it’s evidence and implications seem credible–and those who can, might do well to “prepare” for a difficult time in our immediate future.

      You predicament with your wealth tied up in a Roth Account strikes me as typical of what might happen if the event of some sort of sudden economic problem. As I’ve argued for years:

      1) The total debt is too great to be repaid and therefore will not be paid in full.

      2) Because one man’s debt is another man’s (paper) asset, however much of the debt is cancelled, a correlative sum of paper “assets” will also be wiped out.

      3) Those who’ve stored their wealth in paper “assets” are likely to lose some significant amount of the currently perceived value of those paper assets. This is not to say that all paper assets will be wiped out. Some people’s paper assets (stocks, bonds, pension funds, Roth Accounts, savings accounts, etc.) may not only survive but might even increase in perceived value. But there’s no telling which of those paper assets will survive and even prosper. More, in my judgment, those paper assets that survive (including paper dollars) may still lose substantial portions of their perceived value.

      4) No one knows when this problem will happen. It’s not even clear when this problem might happen.

      5) I can’t guide you on what to do with your Roth Account funds. I wouldn’t want the responsibility. If I told you to keep your funds in the Roth Account and some sort of economic crash wiped out that account, I’d feel terrible–you’d feel worse and angry at me. If I told you to close your Roth Account and suffer a 50% loss now, rather than a, what?–80% loss?–in the near future due to an economic calamity–and that calamity failed to materialize–you would suffer a 50% loss, I’d feel terrible and you’d feel worse. So, I not only don’t know what you should do, I wouldn’t want the responsibility of telling you what to do in your situation.

      6) I view myself as a “watchman on the wall”. If I see something on the horizon that looks like it might pose a threat, I must help sound the alarm. What people do after I’ve sounded that alarm is up to them–not me.

      7) I suggest you pray to the Good LORD for guidance.

       
    • hogorina1

      December 20, 2014 at 6:57 PM

      HONEYMOON ON OPPOSITE SIDES OF FENCE
      It seems that a national orgy is taking roots, as to what manner
      specific people should practice self-indulgence, in attempting bypass
      mother nature. Dr. Sigmund Freud coined the ” Oedipus Complex,” into
      play regarding individual repression and regressing as individuals
      differ as to the unknown conscious release of erotic inhibitions and
      anxiety, long stored away since childhood. During mass hysteria, as we
      witness, sublimating intellectual are coming forth, in order to
      subconsciously connect with this nationwide release of stored up energy.

      Individuals being diverted from memories of infantile fixations, long repressed
      desires, shielded via political whoredom arising forth from toddler insecurity to be loved.
      This abnormal courting of a contraceptive guardian brings on post behavioral
      confrontation, in trying to trick the alter Ego, in abiding with the Id,
      to defuse overdue anxiety, of which mentally unstable instincts must take
      group satisfaction, in clasping hands, party inclinations, that some way
      must be found to thwart massive psychoneurosis, in avoiding all temptations that has
      hounded mankind from the days of Adam and Eve. The National Psychiatric
      Association has long ago questioned just how Sigmund Freud designated
      regression and repression as tied to individual libido, two-party political rape,
      in somewhat altering this observation, and its psychological play on
      individual /class neurosis. The late Dr.Judd Marmor, in his ” Psychiatry In
      In transition ” disapproves of Freud’s contention that politically inspired mental
      cripples or religious fanatics, reconsider and denounce the personality disorder,
      schizophrenia, as applied to individuals in public office to be replaced as fools.

      The open love affair between both houses of congress in politically gang-raping
      the American hostess, will bring down this gang of open repression, not by political libido,
      or masking schizophrenia, but through the absurd two-party fondling of the constitution.
      To continue in looting the national intelligence is contrary to a responsive cliche that, more than likely, actually believes that a flea would contemplate crawling up an elephant’s leg with rape on its mind. Homo Sapiens has a class history of impulsive anxieties. Psychiatry is a dead-end.
      But, one must conclude that Freud’s two-party syndrome, the Oedipus complex, occasionally
      comes out of the congressional closet.

      question. Yet, the squabble between pro-contraception preservers and
      those against this proposal, are in the same in that two classes of
      individuals are using public sublimation, as erotic desires still lay
      deep within the unknown subconscious– repression and regression.

       
      • itsmymoney

        December 20, 2014 at 7:10 PM

        To ‘hogorina1’…

        You are either…

        1) f-ing with this thread/topic in a bizarre ‘erotic’ response that has no relevance to the topic
        2) a f-ing insane person who needs help
        3) BOTH.

        You added NOTHING here. If you are 1), please go to a porn/other site with your BS. If you are 2), please check yourself into a hospital; if you are 3) please see 2).

         
  2. dgbaugh

    December 13, 2014 at 10:18 AM

    Al, there are only two sources of wealth in the world. One is the natural resources our Creator/Savior has provided for us, and the other is our labor to refine them to suit our needs and desires. Gold and silver are merely two of those natural resources. Much more important resources are water and food and of course, our labor to produce the food and pump the water. With this in mind, what difference does it make if someone has hoarded a bunch of gold or silver? He certainly can’t eat it or drink it in order to remain alive, so he will have to try and use it to get the food and water he needs to survive. However, the sources may not want to give up their food and water for the gold and silver because when you get right down to it, their food and water is much more valuable because their lives depend upon it. What is “money?” It is nothing more than a means of exchange of goods and services between productive people. Moreover, it does not matter what it consists of, such as a paper voucher or receipt that can then be used by it’s holder to exchange for something he/she may need or want. It’s only value is the value of the goods or services rendered, nothing more, nothing less.

    This video, and others like it, preaching doomsday economic collapse omit the fact that it is we, the producers of society who hold all of the essential wealth necessary for our survival, not the banks or folks who run them. Everything else is a fraud and a scam through which the clever banksters and their puppet political prostitutes are systematically attempting to rob us producers and consumers of our material wealth as well as our labor and resources.

    I see an economic boom approaching in that many folks now recognize the fraud and scam for what it is and are no longer willing to participate in it and are going back to being entrepreneurs and being self reliant, growing and raising and processing their own food and avoiding the GMO “frankenfoods” sold in the grocery stores. There is also an economic explosion taking place in network marketing on the internet enabling thousands of people to gain financial freedom, which in turn, creates the need for more production thereby restoring our free enterprise system notwithstanding the bankster fraud and political corruption. Seems to me that Christian Americans are rising to the challenge and pulling out of “Babylon” and turning back to our Creator/Savior whereupon the Babylonians will either starve in their fraud or flee from the certain wrath to come upon them.

     
    • Adask

      December 13, 2014 at 1:00 PM

      It may be that we have the physical TOOLS and natural resources to create a new era of prosperity in this country–if we get up off our dead asses and work at it.

      But in the event of some sort of economic calamity, physical tools and natural resources won’t be enough. We’ll also need CAPITAL or at least credit to fund the efforts to rebuild our economy. However, in the event of a serious economic decline in this country, the existing debt will be largely wiped out, but so will the corresponding “paper CAPITAL”.

      Very few people are likely to trust others in the aftermath of a collapse. Therefore, there probably won’t be much ready access to CREDIT for several years.

      Without capital or credit, who pays the workers to rebuild the economy? If it takes the labor of five men for just three months to rebuild a failed business or build a brand new business, who has enough capital or credit to pay those men enough to feed themselves and their families during their three months of work?

      Once the business is built or rebuilt, who will have enough money to hire that business’s services? You might build/rebuild a nice, new, shiny and bright business. But when you opened your doors to do business, who can do business with you if most of the population has no capital or credit?

      If we fall into a real economic depression, it’ll probably take several years before we can slowly work our way out. Some people predict a 25-year long economic depression. I don’t agree with that prediction. But I wouldn’t surprised if a real economic depression lasted for at least another five years.

      The initial shock associated with an economic collapse could be devastating. Who is going to feed all of the unemployed? Where will an already bankrupt government find the funds to provide welfare or unemployment compensation for the newly unemployed–or even the currently unemployed?

      These are all questions and consequences that flow from having a “debt-based” monetary system that we’ve employed for at least 40 years. Our real problems are not of recent origin. They’ve been spawned for at least 40 years. We aren’t likely to quickly correct 40 years of economic madness with some hand tools and natural resources. It’s going to take years to educate people to accept and believe in whatever system and values follow the collapse of this system and values.

      I view the collapse of the former Soviet Union as instructive. After the USSR collapse in A.D. 1991, the people of Russia (for example) lived in poverty, chaos and even violence for most of a decade before Russia got back on its feet. Government was replaced by gangs. Violence was the national currency as people fought against each other for whatever scraps of food might be available.

      If the US economy collapses, I expect to see economic conditions similar to those in Russia after the fall of the USSR. I don’t expect to see those conditions for 10 years. It might be five years. It might only be three. But the duration of those depressed conditions may not be as important as their magnitude. With or without hand tools and natural resources, I think that some significant number (3%?) might die as a result of the economic collapse. Gangs would start looting. People would beg for “martial law” to protect them from local gangs, but whatever remains of government would be too impoverished to provide such protection.

      American may be heading for another era of economic prosperity, but before we get there, we are going to go through at least 3 years, probably 5 and possibly 10–of economic Hell.

      Buckle up.

       
  3. Toland

    December 13, 2014 at 11:39 AM

    The U.S. Treasury Dept. intends to spend $200,000 on survival kits for 3,800 employees. This means each employee will get about $52 worth of survival supplies.

    Such a tiny expenditure hardly predicts a “collapse of the entire Western economic system”. Therefore, I’m calling BS on this fear-based pitch.

    The questions then become: What are the producers of this video really selling? What undisclosed conflict of interest is behind all the scary music?

    While we’re waiting for Toto to pull back the curtain, we can at least look into who the advertisers are on this company’s website.

     
  4. Adask

    December 13, 2014 at 1:37 PM

    I hope you’re right.

    The “survival kits” do sound ridiculous. But can elements of government be so stupid as to order “survival kits” without any viable cause and without any awareness of how that purchase might be interpreted by the public?

    A: Of course they can. Mr. Gruber’s remarks about the people’s laughable “ignorance” are evidence that government has more than its fair share of morons.

    Even so, can we be sure that the survival kits are simply the consequence of too many morons in government?

    * What about the Chicago Mercantile Exchange (CME) causing some regulatory limit to prevent the price of gold from rising by more than $400 in some fixed period of time? Is that just more idiocy? Who seriously expects the price of gold to rise by $400 in a month or even a quarter? It’s been hammered down so relentlessly over the past three years, that very few expect it to rise to true, free-market price–unless the economy collapses.

    Passing regulation that prevents the manipulated-market price of gold from rising over $400 in a fixed period, suggests that somebody in CME is either now looking for a new job after being fired for being an idiot–or somebody expects that the gov-co’s ability to suppress the price of gold is about to end and that that price will soon skyrocket–unless the CME passes a regulation to prevent that price increase.

    This regulation implies that someone in the CME expects the price of gold to rise more than $400 an ounce. Much more. How could that happen, except in the context of some sort of economic calamity?

    * What about Congress reportedly shifting liability for trillions of dollars in derivatives onto the backs of the American taxpayers? Is that just a Christmas surprise from Congress to Wall Street? Or is that evidence that Congress suspects that the threat of a derivatives failure is at least plausible and perhaps even close at hand?

    Admittedly, the “three signs” in this video are not proof that some sort of economic collapse is imminent. But they are evidence that such collapse might be imminent.

    Even if that collapse is not imminent–even if that collapse does not take place for another year or even three years–who can doubt that such collapse is likely and getting closer every day?

    Sure, it might be premature to go out and buy a bunch of dehydrated food, guns and gold right now. The collapse might night take place for several years–if ever.

    But, given the probability that some sort of collapse is headed our way, wouldn’t it be wise to heed the warning and prepare as best we can right now? Whatever you purchase now for a possible collapse, it’ll keep. It won’t spoil. Canned food, guns, gold–they don’t rot or rust in a short period of time. They’re like insurance policies. They cost money and that’s a problem, but if you need that insurance, you have to buy it before the problem happens. You can’t buy the insurance after the calamity.

    So, everyone gets to place his bet. Some will bet that a collapse is inevitable–but won’t happen for several years. Some will bet that the collapse is imminent. Some will bet that there’ll be no collapse. Depending on how we bet on the collapse, some of us are going to look stupid, some will look smart. Some will seem lucky, others will seem foolish. Some will prosper, some will survive, and some might even perish.

    But we’re all going to place our bets. We are all going to play the “collapse game” whether we want to or not.

    Myself? I’m betting that the collapse is inevitable. I’m wondering if it might be imminent.

    We shall see.

    Place your bets, ladies and gentlemen. Place your bets!

     
    • itsmymoney

      December 13, 2014 at 2:01 PM

      Al,

      My initial post was not to truly ask for advice on what to do with my money, so I apologize for my somewhat ‘panicky’ post. It was more of a general question, such as ‘how am I going to offset the inevitable’? I do not like being in this fiat system even though the number on my account says I have ‘money’. Those numbers are virtually meaningless if GovCo wants them to be. That is the scary part.

      Thank you for your wise and thoughtful words about ‘betting on the collapse’.

      Respectfully,

      IMM

       
  5. Adask

    December 13, 2014 at 2:30 PM

    There is no simple, easy, painless or guaranteed solution to the kind of problems that might accompany an economic collapse. But, so far as I can see, the fundamental problem is fiat currency and paper-debt instruments which I cannot prove, but strong suspect, will be largely rendered worthless in the midst of a genuine depression. IF I’m right, the strategy that may provide the most protection for your wealth is to get out of as many paper-debt instruments as possible and keep your wealth in the form of something tangible like land, guns, tools, or precious metals.

    If the system collapses, the paper and digital dollars and paper-debt instruments will largely disappear. Tangible items like gold will not disappear. Wealth will be substantially preserved in tangible items (payments), but will disappear if stored in paper-debt instruments (promises to pay).

     
  6. Henry

    December 13, 2014 at 3:21 PM

    CME mulls price fluctuation limits for gold, silver futures

    Tue Apr 29, 2014 6:51pm EDT

    NEW YORK (Reuters) – U.S. futures exchange CME Group Inc is considering the introduction of daily limits on price moves in gold and silver futures in a bid to rein in wild volatility that has spooked investors in recent years, a CME official said on Tuesday.

    CME at present has price fluctuation limits for futures contracts in some energy, agricultural commodities and financial products, but none for its precious and base metals products.

    The possible move reflects growing concern at the largest U.S. exchange of futures and options about big bouts of buying or selling that have caused huge fluctuations in prices without any apparent fundamental reason.

    “We don’t have price limits in gold and silver. That’s something that we are looking into,” Miguel Vias, CME Group’s director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility.

    U.S. exchange operators are already edgy about allegations over high-speed traders rigging the Wall Street stock markets and the so-called dark pools, or trading outside of exchanges, in the wake of the recently published book “Flash Boys: A Wall Street Revolt,” by Michael Lewis.

    The biggest concern for the exchange is the array of sophisticated trading programs that are capable of significantly pushing the market higher or lower, Vias said.

    Unusually big moves and the fears of price “slippage” – the difference between the price at which a market player wants to execute an order and the price at which they are able to do so – have turned some gold and silver futures investors away, he said.

    In the first four months of the year, COMEX gold futures volume dropped 10 percent from a year ago, while turnover of silver contracts gained about 7.5 percent.

    The gold and silver futures are the most-traded commodity contracts after crude oil and other energy products.

    Dealers say the frequency of wild price movements has increased, roiling trading. The exchange introduced circuit breakers, such as “stop logic,” which prevents cascading stop orders that could exaggerate price movements in illiquid markets.

    (…)

    http://www.reuters.com/article/2014/04/29/cme-group-precious-idUSL2N0NL1JH20140429

     
    • Roger

      December 14, 2014 at 2:30 AM

      Henry, thanks for clearing up the mystery around why circuit breakers are being put in place at the CME.

      In fact, circuit breakers are being set up in ALL electronic markets, or else computerized trading can cause disruptive price fluctuations very quickly.

      About the CME circuit breakers, from your article:

      “The biggest concern for the exchange is the array of sophisticated trading programs that are capable of significantly pushing the market higher or lower, Vias said.”

      Another case in point, Hong Kong is doing likewise for its big market. Quoting a Bloomberg article from January of this year:

      “Hong Kong Exchanges & Clearing Ltd. is studying whether the world’s fourth-largest stock market needs circuit breakers to prevent trading errors from causing large declines or surges in prices, according to a person familiar with the matter.”

      Well done. Together, we commenters can solve most any jerk-your-chain mystery in a scary-music Youtube video.

       
      • Henry

        December 14, 2014 at 7:10 AM

        Roger said > “In fact, circuit breakers are being set up in ALL electronic markets, or else computerized trading can cause disruptive price fluctuations very quickly.”

        Good point. At the CME, the circuit breakers being applied to the metals markets are merely extensions of what has long been in place for energy futures, etc.

        “Effective Sunday, December 21, 2014… the New York Mercantile Exchange, Inc. (NYMEX) and Commodity Exchange, Inc. (COMEX) (collectively, the Exchanges) will implement new NYMEX/COMEX Rule 589 (Special Price Fluctuation Limits) to apply price fluctuation limits to certain metals futures and options contracts. Price fluctuation limits deter sharp price movements that may, for example, be driven by illiquid central limit order books prevailing from time to time in otherwise liquid markets…. NYMEX currently applies price fluctuation limits to its energy complex of futures and options contracts…. The Exchanges are proposing new Rule 589 to extend price fluctuation limit functionalities to certain metals futures and options as a measure that is consistent with promoting price discovery and cash-futures price convergence.”

        — CME Goup

        However, such details are a bit obscure to people unfamiliar with financial markets. This creates opportunities for unscrupulous pitchmen to misrepresent the recent “circuit breaker” development in ways that generate $$$ for themselves at the expense of the retirement savings of the gullible.

        “Caveat emptor” and “Let the market decide!” are the favorite mottoes of these predatory charlatans.

         
      • Roger

        December 14, 2014 at 11:08 PM

        And, behind the charlatans pushing disaster porn for your money, there’s the nation-state wrecking crew pushing this disaster porn for the fate of your nation.

        The subtle propaganda ploy of these cannibals is to cause the People to lose confidence in their own powers and become cynically disengaged – in fact, literally invested in the failure of their society and nation state (e.g. the pricey mail-order accessories of the manufactured “survivalist” counterculture).

        This way, the anarchist billionaires can take over and abolish (what’s left of) our institutions of self-government with minimal resistance from the People, until it’s too late.

         
  7. russ

    December 13, 2014 at 3:34 PM

    I removed all of my “currency” and “digits” from “this state” computer systems earlier this year. It was a paradigm shift in my way of life. I think what is discussed is not only inevitable but planned. The financial warning signs and sirens within “this state” have been publicly going off since 2008. Adjust your way of life accordingly. I expressly live “without the United States” and “within one of the 50 states of the Union. Best move I ever made, but its lonely out here.

     
    • Jim on Oregon

      December 13, 2014 at 6:07 PM

      Russ: “it’s lonely out here.”

      Amen, brother! “Without the United States” is unchartered territory for those with families and corporate jobs and mortgages and utilities and debt. It takes great courage and determination, and blessings from Almighty God. It is a constant battle requiring vigilance and education to avoid the “benefits” so graciously offered to be bestowed upon us by “this state”.

      There are a great many of us “out here”, but we seldom find each other. Thanks to Alfred for a lifetime of insights and inspiration!

       
  8. russ

    December 13, 2014 at 8:40 PM

    Jim on Oregon:

    You are correct, living “without the United States” is a calling and a difficult way of life in todays society. After much study and reflection, this is the year of the Lord that I chose to live without a number, privilege and benefits. It is not something most people choose, especially women people. I feel like a foreigner in my own land, … because I am. My Citizenship is in heaven. Verily, verily, that is where my domicile is. Although I choose to live without a mark and live as an “outlaw” regarding “this state”, I am certain my name is written in the Lambs Book if Life, with a new name that only He knows, and well within “His law”. He is my “Kinsman-Redeemer”.

     
  9. Adask

    December 13, 2014 at 9:25 PM

    You folks and your comments make me proud. Thank y’all.

     
  10. russ

    December 13, 2014 at 9:56 PM

    Adask:

    Your blog and radio show is a blessing to those of us out here “without the United States”. Your MOOA discovery was important evidence to how I view the govco and their codes relating to their defined “man” as opposed to the man created in the image of God. After cognizing that, I wish to live separate of their definition of man and their code applicable to it. MOOA was an eye-opener and game-changer for me.

     
  11. pop de adam

    December 13, 2014 at 11:29 PM

     
  12. timmy

    December 13, 2014 at 11:47 PM

    Let’s study the actual records of real history, rather than speculate about what may or may not happen. And especially exactly HOW it will come down. The general principles are clear, and relatively easy to do. In advance that is, after the fact of collapse it will be exponentially tougher to take appropriate action. Think primarily of these: community/retreat (not solo), subsistence lifestyle (1840’s style), natural health. Simple practicals: bikes, backpacks, hand tools, seeds, etc.

    And yes as Al mentioned- there are modern collapses to learn from: USSR, Argentina, etc.

    Whenever it does come, people will be dropping dead from sheer fear. (That’s from His lips…)

     
  13. timmy

    December 13, 2014 at 11:49 PM

    By “it”, I mean the ultimate end phase. This next financial collapse will only be part one…

     
    • christopher

      December 14, 2014 at 9:58 AM

      quoting Adask –> “IF I’m right, the strategy that may provide the most protection for your wealth is to get out of as many paper-debt instruments as possible and keep your wealth in the form of something tangible like land, guns, tools, or precious metals.”

      …..if ya don’t hold it….ya don’t own it !!

       
  14. thebobblob

    December 14, 2014 at 5:59 PM

    I know this thread is about gold but I want to talk about SOAP.

    All soap, Dove or your local handmade bar soap is made from palm oil. In a collapse scenario the soap will be gone. Where is all the palm oil? Asia!! Yes you can make it from tallow but that would take a lot of time for factories to switch formulas and assuming the economy was healthy to be able to make these supply chain and manufacturing changes. Why is soap important? If you can’t be clean you are going to die from diseases we haven’t seen in over 100 years.

    Gold, guns, land, tools and soap! I have over 2000 bars!

     
    • moon

      January 28, 2015 at 1:16 PM

      thebobblob

      Soap…hmmmm…excellent idea. Why didn’t my brain go in that direction? My wealth is in warehouses full of Beanie Babies…do you think we might do some trading?

       
  15. timmy

    December 18, 2014 at 8:06 PM

    candles, wet wipes, manual can openers, butane lighters…

     

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