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What Steps Have U Taken to Prepare for the Boogaloo?


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Helpless #361 Posted Sep 26 2019 - 01:12

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View PostIkanator, on Sep 25 2019 - 23:56, said:

 

That's happening right now. It's just happening a little slower here than it is in Zimbabwe. And we will go through what the Wiemar Republic, Venezuela and other economies have experienced. It's just a matter of time before it kicks off to an extent that even you notice it. What will happen though is that if you switch to a gold standard which is run correctly, inflation (defined as price increases brought about by an excess of currency in the system for the amount of goods and services available) will stop. Period. Note that shortages and supply and demand problems may still cause the price of various commodities to rise for short periods of time, but there will be no long term systemic inflationary pressure slowly robbing you blind. Things will settle out and a free market which isn't being manipulated will determine the fair value for the goods and services being offered as well as the money used to pay for them with.

we have 3 or 4 trillion in foreign debt... increasing the price per ounce to 10k... would be enough to pay them off.... but what about the other 16 trillion in domestic debt?

so we'd need to increase gold by around 50k per ounce just to break even..... then factor in all the currency in circulation...... so add on more to the price of gold for that..... figure a 65k ounce of gold....

so can u imagine the inflation that would come with that????

 


Edited by Helpless, Sep 26 2019 - 01:14.


Klaatu_Nicto #362 Posted Sep 26 2019 - 17:52

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Helpless #363 Posted Sep 26 2019 - 18:40

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View PostKlaatu_Nicto, on Sep 26 2019 - 16:52, said:

right up ur alley........



Ikanator #364 Posted Sep 27 2019 - 01:48

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View PostHelpless, on Sep 25 2019 - 16:12, said:

we have 3 or 4 trillion in foreign debt... increasing the price per ounce to 10k... would be enough to pay them off.... but what about the other 16 trillion in domestic debt?

so we'd need to increase gold by around 50k per ounce just to break even..... then factor in all the currency in circulation...... so add on more to the price of gold for that..... figure a 65k ounce of gold....

so can u imagine the inflation that would come with that????

 

 

Given that you have consistently demonstrated that you don't know what you're talking about then I don't see any need to further this discussion. In essence, given a choice between treating gangrene properly, and letting it progress until the patient is entirely consumed by it; you would let the patient die because you're worried that getting an arm lopped off might hurt. Only in this case that's a bad analogy because the "arm" would eventually grow back if things were handled correctly. On the other hand the "death" in question would be the total collapse of the entire economic system. While that too could eventually be recovered from, the damage would be much more severe.



Klaatu_Nicto #365 Posted Sep 27 2019 - 02:21

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Helpless #366 Posted Sep 27 2019 - 04:35

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View PostIkanator, on Sep 27 2019 - 00:48, said:

 

Given that you have consistently demonstrated that you don't know what you're talking about then I don't see any need to further this discussion. In essence, given a choice between treating gangrene properly, and letting it progress until the patient is entirely consumed by it; you would let the patient die because you're worried that getting an arm lopped off might hurt. Only in this case that's a bad analogy because the "arm" would eventually grow back if things were handled correctly. On the other hand the "death" in question would be the total collapse of the entire economic system. While that too could eventually be recovered from, the damage would be much more severe.

sigh..... why dont u list what u believe are errors in my previous statement.... and we can work through them 1 at a time....

 

and going on the gold standard wouldnt just be lopping off an arm.... it'd be lopping off both arms and legs and the head..... and they wont grow back....

there are other treatments other than amputation.....



Helpless #367 Posted Sep 27 2019 - 05:50

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hey heres the debt clock..... itll help u understand some of the numbers....

https://usdebtclock.org/#



Klaatu_Nicto #368 Posted Oct 01 2019 - 06:57

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View PostIkanator, on Sep 25 2019 - 06:23, said:

Economic storm clouds on the horizon. Forewarned is forearmed, or approximately half an octopus.

 

 

Propping up troubled foreign banks is not what most Americans want their central bank to be doing.

https://www.lewrockw...-unnamed-banks/

 

 

"When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates."  "The "Fed" succeeded: it stopped the gold loss, but it  nearly destroyed the economies of the world in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market-triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures.The world economies plunged into the Great Depression of the 1930's." - Former Federal Reserve Chairman Alan Greenspan, 1966.

 

 

“Regarding the Great Depression, … we did it. We’re very sorry." - Ben Bernanke, November 8, 2002.


In 2002, Ben Bernanke, then a member of the Federal Reserve Board of Governors, acknowledged publicly what economists have long believed. The Federal Reserve’s mistakes contributed to the “worst economic disaster in American history.”


To understand Bernanke’s statement, one needs to know what he meant by “we,” “did it,” and “won’t do it again.”


https://www.federalr...reat_depression


Edited by Klaatu_Nicto, Oct 01 2019 - 06:59.


VooDooKobra #369 Posted Oct 01 2019 - 08:23

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i plan to be ready for the boogaloo by learning the ancient art of shenanigans 

Klaatu_Nicto #370 Posted Oct 05 2019 - 18:59

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Helpless #371 Posted Oct 05 2019 - 21:41

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TheManFromKekistan #372 Posted Oct 05 2019 - 23:51

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Klaatu_Nicto #373 Posted Oct 09 2019 - 16:28

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Unprecedented Power Outages Begin In California As Winds Bring Critical Fire Danger
SACRAMENTO — In an unprecedented move, Pacific Gas & Electric early Wednesday began shutting off power to about 800,000 customers across Northern California in an attempt to avoid wildfires caused by winds damaging power equipment. Southern California Edison announced it, too, was considering preventive power outages.
https://www.latimes....cal-fire-danger

 

 


Edited by Klaatu_Nicto, Oct 09 2019 - 16:41.


Helpless #374 Posted Oct 10 2019 - 00:50

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View PostKlaatu_Nicto, on Oct 09 2019 - 15:28, said:

Unprecedented Power Outages Begin In California As Winds Bring Critical Fire Danger
SACRAMENTO — In an unprecedented move, Pacific Gas & Electric early Wednesday began shutting off power to about 800,000 customers across Northern California in an attempt to avoid wildfires caused by winds damaging power equipment. Southern California Edison announced it, too, was considering preventive power outages.
https://www.latimes....cal-fire-danger

 

 

is this cause of global warming????..... or is it the ice age????..... or is it cause they havent been doing a proper job maintaining the lines???

in soviet russia this would never happen......



Klaatu_Nicto #375 Posted Oct 12 2019 - 19:28

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Helpless #376 Posted Oct 13 2019 - 01:09

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how does a farm go offline?????..... farm tractors run on what???.... farm trucks run off what???....

 

never in the history of consumer shopping has a product ever been reduced in price as it approaches or exceeds its best before date!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

best before oct 11/19........

 

 

but..... i do love how just 1 store out of 1000's is the rule and not the exception....

HAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Edited by Helpless, Oct 13 2019 - 01:28.


Klaatu_Nicto #377 Posted Oct 13 2019 - 19:05

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Placer County Ensuring Residents Dispose Of Spoiled Food Properly After Power Shutoff
As a result of the PG&E power shutoffs, thousands of home owners have been dealing with piles of rotten food which is now overflowing in garbage bins.
https://sacramento.c...-power-shutoff/

 

 

 

https://www.shakeout.org/washington/



Klaatu_Nicto #378 Posted Oct 13 2019 - 19:18

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I would imagine every store that lost power for 2+ days is having the same problem as the store in the video. 

 

 

 

“The processing in our rice and farming facilities would stop functioning as a result of a power outage; it’s a major issue. If it happened during harvest time especially, it would create even more of an impact. You can’t harvest the rice if you can’t dry it. We’re already late as it is and if (power shutoffs) did happen, it would be an issue.”....“Drying, packaging and hulling certain produce and crops? It’s all electric so (power shutoffs) would definitely affect agriculture in that regard. Another point to make is a lot of produce we grow in Butte that are specific to Northern California, require further and additional processing, even more of a reason we need our electricity. Our crops are not the kind you can just harvest off a plant and get out on the shelf. These crops will decay and become worthless without processing. Without power … no processing.”

https://www.chicoer....age-processing/

 


Edited by Klaatu_Nicto, Oct 13 2019 - 21:42.


Helpless #379 Posted Oct 14 2019 - 01:14

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View PostKlaatu_Nicto, on Oct 13 2019 - 18:18, said:

I would imagine every store that lost power for 2+ days is having the same problem as the store in the video. 

 

 

 

“The processing in our rice and farming facilities would stop functioning as a result of a power outage; it’s a major issue. If it happened during harvest time especially, it would create even more of an impact. You can’t harvest the rice if you can’t dry it. We’re already late as it is and if (power shutoffs) did happen, it would be an issue.”....“Drying, packaging and hulling certain produce and crops? It’s all electric so (power shutoffs) would definitely affect agriculture in that regard. Another point to make is a lot of produce we grow in Butte that are specific to Northern California, require further and additional processing, even more of a reason we need our electricity. Our crops are not the kind you can just harvest off a plant and get out on the shelf. These crops will decay and become worthless without processing. Without power … no processing.”

https://www.chicoer....age-processing/

 

any farmers without gas powered generators.... shouldnt be farming.....

buddies got an airplane.... but not generators......



Klaatu_Nicto #380 Posted Oct 14 2019 - 18:55

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Will PG&E power outage lead to boom of ‘blackout babies’ in 2020?
https://www.sacbee.c...e236053063.html






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