monetary collapse

Financial collapse, and gold?

So, imagine the whole of economy collapse, many say to buy plate or gold to keep wealth after a monetary system collapse, but what exactly is one supposed to do with a pile of gold or silver at home? There must be a better way

Its more of an insurance policy. Gold is expensive now, but if you had some from before, including old gold jewelery, you can turn it in for good money, and not through the mail. Silver is still affordable, but harder to turn into cash. History does repeat itself in ways though. Kryon suggested years ago that the collapse of the financial system was imminant, starting with insurance in NY, and that if we pumped good money after bad, that it would sting more, but that we were due that lesson… to purify the system somewhat, to have more integrity and accountability. As for precious metals, they will always have value (varied, but value nonetheless), even when paper money is worthless or outdated, it will endure. Skills or other goods may also be bartered as a money equivalent. The people that survive this the best will adapt to their surroundings and modify them for personal & collective gain, rather than to take on that which is much larger than oneself.

When the dollar collapses in a year, will Democrats finally admit that the stimulus was a bad idea?

Will loyal Democrats finally admit that there are flaws in their understanding of how Economics and monetary policy function?

Will it take a global economic collapse, or are there Democrats out there now who think the Stimulus is a terrible idea?

Last, are there any good reasons that the Democrats in Congress could actually want the global economy to collapse?
Uncle Eccoli-
I will be thrilled to admit that I am wrong if the bailouts and stimulus are a success. If they work out, I will happily add a comment to this question that says “I don’t know my ass from a hole in the ground”. Mark my words.

But if I am right, will you admit the same?
Christina C-
I didn’t agree with the bailouts under Bush, either. This one, on the other hand, has absolutely zero Republican support. Is this what Obama meant by, “Governing from the middle”?
And about racism: Get over it! Nobody cares what color our President is except you!

They don’t believe that. They’re just short-sighted. And the republicans aren’t that much better.

The point of monetary policy should be to soften the swings of economic fluctuation–not just to rev up the economy. But when you do a lot more speeding up the economy than slowing it down, eventual collapse is inevitable. We keep seeing all these stimulus packages. When did we ever see a slow-down package? Never. That’s why we are where we are today.

The problem started under FDR, and actually accelerated under Reagan all the way to Bush, with a slight break under Clinton (which was a period of peace coinciding with a tech bubble–don’t give him credit)

My only amusement in seeing the dollar tank will be seeing China’s sovereign wealth fund tank with it, since they own so much of the debt now.

$78.8 Trillion; United States Debt Obligations exceed world GDP; Monetary Collapse Looming?

How in the world are we going to pay off all of this debt? Raising taxes to do it would burden our economy, and then the situation would only get worse. To me the solution is obvious, cut spending.

For too long in this country we’ve had the give-me-stuff people standing there with their hand out, and the government putting something in it. Does the idea of small government ring a bell? It is what our founding Fathers had in mind when they gave us our constitution. That is why there is a list in the constitution that quite clearly spells out the powers of the federal government, and also what it is not allowed to do. So basically if it was not listed as a power, then they are to stay away from it, and allow the States to handle it.

Just take a look at federal laws. At the very beginning they will state their authority in enacting the law, and it is almost always the commerce clause. I’m sure they even think that just because your computer is hooked up to the internet, and therefore has contact with other computers in other States, that they then would have the constitutional right of regulating your computer, and thereby your internet communications; they are out of control.
jbranstetter04

Federal obligations exceed world GDP
Does $65.5 trillion terrify anyone yet?

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.
The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.
The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury.
The difference between the $455 billion “official” budget deficit numbers and the $5.1 trillion budget deficit cited by “2008 Financial Report of the United States Government” is that the official budget deficit is calculated on a cash basis, where all tax receipts, including Social Security tax receipts, are used to pay government liabilities as they occur.
But the numbers in the 2008 report are calculated on a GAAP basis (“Generally Accepted Accounting
Practices”) that include year-for-year changes in the net present value of unfunded liabilities in social insurance programs such as Social Security and Medicare.
Under cash accounting, the government makes no provision for future Social Security and Medicare benefits in the year in which those benefits accrue.
“As bad as 2008 was, the $455 billion budget deficit on a cash basis and the $5.1 trillion federal budget deficit on a GAAP accounting basis does not reflect any significant money [from] the financial bailout or Troubled Asset Relief Program, or TARP, which was approved after the close of the fiscal year,” economist John Williams, who publishes the Internet website Shadow Government Statistics, told WND.
“The Congressional Budget Office estimated the fiscal year 2009 budget deficit as being $1.2 trillion on a cash basis and that was before taking into consideration the full costs of the war in Iraq and Afghanistan, before the cost of the Obama nearly $800 billion economic stimulus plan, or the cost of the second $350 billion in TARP funds, as well as all current bailouts being contemplated by the U.S. Treasury and Federal Reserve,” he said.
“The federal government’s deficit is hemorrhaging at a pace which threatens the viability of the financial system,” Williams added. “The popularly reported 2009 [deficit] will clearly exceed $2 trillion on a cash basis and that full amount has to be funded by Treasury borrowing.
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851

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How Gold and Silver prices cause currency systems to crash

At most Business Schools you won´t learn the real causes of currency crashes. But from historic perspective it has been a consequence of a distorted Gold – Currency relationship, causing huge outflows of Gold

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The Day After the Worlds Monetary Collapse

By 2020 the World’s monetary system will have disintegrated and a new life will begin for everyone

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Is this a One World monetary system in the making?

So the world leaders are banning together to stop a total collapse? Is that what I just read on my yahoo page? Is this the beginning of a one world monetary system? Are world bankers brainstorming in a Conference room somewhere and in their attempts to fix this financial mishap create the long awaited ONE WORLD monetary system?

I’m not asking if tomorrow we will wake up with a trading chip planted under the skin of our wrist but does this look like a for shadow to anyone but me.

its heading in that direction…..could take awhile..