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Comment Re:This is not a simple question (Score 1) 631

One might say the entire US economy, government, wall street, and politicians honesty
are an exercise in speculation.

With the puppet strings controlling most of these one might say its " all rigged "
from top to bottom much like one politicians hot mic recently did.

http://dailycaller.com/2010/11...

Most ppl have no idea what is coming, epic suck is on the way.

Comment Re:Only one player (Score 1) 631

The only difference between the US govt and Mt Gox is the US govt is friendly with a
corporation called the Federal Reserve that has what equates to a printing press,
but they really just type numbers into a computer and create around $65 billion a
month out of thin air backed by faith alone....

The BRIC alliance being sick of this situation of seeing what they are owed being diluted
was formed and has started to make all intra nation trades via money other than US dollars.

A storm is brewing, and more nations are moving in the BRIC direction daily.

Comment Re:i trust nothing (Score 1) 631

When the market looks like its being rigged by pirates ppl run to tangible assets.

Some ppl were dumb enough to buy paper gold and got burned not too long ago.

The issue here is paper money can be hit by fraud even if is backed by gold if
the ppl you put in charge of it are thieves.

So ... the lesson again is Caveat Emptor....

https://en.wikipedia.org/wiki/...

Comment Re:i trust nothing (Score 1) 631

Yes, I tend to agree shiny rocks are not the only thing with value.

I'd tend to say all tangible assets have value and partly why we call them assets.

The real problem here is a non-governmental organization posing as a government organization
controlling the money supply and murdering presidents such as Lincoln and JFK who try to stop them.

Comment Re: i trust nothing (Score 1) 631

J.P. Morgan and his buddies were part of the ppl running the Fed.

Once you realize they snuck like hyenas to Jekyll Island at night
to create it, then you realize why Jackson, Lincoln, and JFK tried to undo it.

"Picture a party of the nation's greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundred[s] of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York's ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul, and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank, and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality.[9]"

https://en.wikipedia.org/wiki/...

What the public is told is what they want the public to believe, not always the truth.

Comment Re:i trust nothing (Score 1) 631

Well if anyone says tie bit coins to gold/silver keep in mind the current metal certificates are
MASSIVELY oversold and fraud has not been charged because nation states are protecting
the fraudsters for now.

Several nations have asked for their gold back and are being told "we will return it in a few years", LOL.

Comment Re:i trust nothing (Score 1) 631

In the past the gold and silver was stored with someone that was good in tricking the public to trust them.

They learned that wearing nice suits, making roman looking buildings, having expensive large nice looking desks,
and acting snooty made the sheeple trust them.

Sounds a bit like government too now that I think of it, lol.

Honestly most of our society is a confidence game, most of the ppl running the show are similar to con men of old.

https://en.wikipedia.org/wiki/...

Comment Re:i trust nothing (Score 1) 631

Well for awhile money was backed by gold, but the problem is the ppl storing the gold
usually are bankers and so we know what level of trust we can put in them.

If the gold was stored and protected by robots with open source code it might work as
the element of greed would not be there unless someone hacks the robots.

I think a open camera system and open inventory of the gold would help too, but the
current batch of plutocrats and puppet politicians in both parties are hopelessly corrupt,
but that is not new either.

So ... in all things .... Caveat Emptor indeed.

https://en.wikipedia.org/wiki/...

Comment Re:i trust nothing (Score 1) 631

The poor man's gold is silver, but before you mess with shiny rocks its
best to have your basic 5 survival needs covered in case there is
another "Carrington Event" or "Super Volcanic Eruption" such as
Yellow stone, Toba, or the other dozen or so Super Volcanoes...

Also the Cumbre Vieja would make one hell of a mess out of the US east coast
if it does land slide into the ocean as the lateral rift indicates it might do.

Some nation might decide to point something like stuxnet at our SCADA systems here.

So for these events that have nothing to do with politicians some of us prepare.

My basic 5:

1) self defense ( humans get nasty per history books )
2) shelter ( make shift shelter can work, if its WW3 know how to do an expedient fallout shelter )
3) Water ( learn how to find/purify water, carrying it is too heavy )
4) dried stored food ( volcanic ash makes it hard to farm, same if there is grid failure )
5) Knowledge ( know all you can about the 1st 4 and that which is relevant for restoring society/order )

2)

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