Galt's Gulch

Is Natures reset of the Fake Global Economy coming?

Posted by Dobrien 5 years, 2 months ago to Economics
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Do you think the financial system can survive the reality of tremendous leverage?
Can you have paper with no value backing it be your trading currency indefinitely?
These two brilliant fellows think not.
In fact they will explain the con game that has
everyone in serious peril.
Buckle up.
SOURCE URL: https://youtu.be/CFGZPxgQt9w

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  • Posted by DrZarkov99 5 years, 2 months ago
    If you look at world gold reserves, the U.S. has more gold in reserve than all other countries combined, so going back to the gold standard would work in our favor. It would also invigorate gold mining here at home. Most of the older gold mines were abandoned after the nuggets played out, and with newer technology, could still be profitable mining for dust. The placer mines would be the likely target for reopening.
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    • Posted by Dobrien 5 years, 2 months ago
      My great grandpa and his young family had to turn around in the Klondike during the gold rush. Due to my grandpa’s birth. After Returning to USA , they were Homesteading property in Wyoming, smack dab in the middle of the teapot dome. After 9 mos there , great gramma became very ill and they needed to see to her health in a more hospitable environment. Not to long after abandoning the homesteading attempt Oil was discovered there.
      This prompted a saying in our family for a few generations “If Great Grandma O’Brien was healthier we would all be wealthier “ When That statement was pronounced my grandma a would slap her own behind and say “well at least we are a well reared family”. LOL
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  • Posted by $ Olduglycarl 5 years, 2 months ago
    Yes, it is inevitable...question is when, how long can they delay the end of the game. Are they banking on a tie and go into overtime? I think we Are in overtime already.
    Nature always wins and those that cooperate with nature wins.
    I think Trump will win and we go back on the gold standard. We eek out the win with a few more tons of gold than everyone else and if smart are storing more while everyone is distracted.
    Not saying that is the case.

    Nature has a lot in store for us, not just the US but everyone. It is high time we work with her, heed her warnings, instead of working against her.
    Same goes for everything else.
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    • Posted by Dobrien 5 years, 2 months ago
      Sweep away the kakistocrates and repatriate Their illgotten gains. BTW Glad you picked up on the nature angle . First we Go back to Economics 101 . Than get to work on food production and preserving humanity from the suns cycles. It is great to be alive.
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  • Posted by Solver 5 years, 2 months ago
    You can always move your money to one of the many cyptobank account, except, this might happen,

    “$190 million gone forever? Crypto boss dies with passwords needed to unlock customer accounts”
    https://www.foxnews.com/tech/cryptocu...
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    • Posted by Dobrien 5 years, 2 months ago
      Thanks Solver . They suggest Physical Silver and Gold. Crypto currency is just a limited fiat currency.
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      • Posted by Solver 5 years, 2 months ago
        Real gold and silver values are hurt by the many derivatives. Except, if real gold and real silver were to suddenly double or triple in a couple of days all those derivatives, which represent some 100 times the total amount of gold and silver in the world, would be in serious trouble. And like all those housing loan derivatives in the past, the jig would be up.
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        • Posted by freedomforall 5 years, 2 months ago
          That's why the banksters maintain tight control on AU and AG spot prices using their fiat equivalents. And they control the agencies that are supposed to be watching so in the event of a runaway they can't control, the biggest banksters will be long after having fraudulently dumped their shorts on the competition- who will be blamed in the MSM for the volatility; can't play with the big boys unless you have a handy scapegoat.

          You must control the metal itself.
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        • Posted by Dobrien 5 years, 2 months ago
          Yes you listened to those gentleman. Paper or electronic gold and derivatives are a sham and there is no possible way to deliver the gold.
          “Good by yellow brick road.”
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