A movie for Crash...

[BraggSurvivor]

Just stumbled across it in a very odd way. It's called, "Tooth and Nail."

The plot in a nutshell. The end of oil and financial collapse on Wall Street, leads to a total breakdown of society. Most people starve to death and anarchy reins. Some people try to group together and form peaceful societies. Others band together to hunt, kill, and eat the others--roving bands of cannibals.

In the end, it was campy but an interesting concept. Reminded me of Crash.

[bulrush]

I'll check this out on Netflix. 2.75 stars out of 5.

[crashdive123]

You see.....there ya go Bragg. Always thought your dire proclamations of doom and gloom were pure fiction.

[Sourdough]

Not good to shoot the messenger, if the message is distasteful. Even more so today, what with GOLD up $91.00 the largest one day jump in history. And other Countries Closing their Stock Markets.

[trax]

Yeah yeah, they always say don't shoot the messenger, but dammit hopeak, it just makes me feel better and there's plenty more messengers around!

[BraggSurvivor]

Not good to shoot the messenger, if the message is distasteful. Even more so today, what with GOLD up $91.00 the largest one day jump in history. And other Countries Closing their Stock Markets.

Syseng , is the phrase "collapse of fiat".
Allow me to spell it out in easy to digest steps:

1. Interbank rates raised.
2. Retail credit rates raised.
3. bank failures
(up till now cash still is the medium of exchange)
4. Banks stop paying each other. more bank failures.
5. Retail debit clearing system seizes. Debit cards don't work.
6. People rush to cash but can't get enough cash.
(got it yet?)
7. If humpty can not be put back together again weeks and months later as things grind to a halt, the medium of exchange goes to barter.
8. Complete failure of fiat. Nobody wants paper any more.
(neither will they want gold)
9. Stability returns after a little while.
(it is here that silver and gold is likely to be an accepted form of exchange)

Get yourselves some emergency cash if you don't already have any.

Be aware, though, that up till today, they still have managed to keep things together. Fingers crossed they continue to do so.

I think somewhere around step 6 gold will be much more useful. And your assuming it takes THAT long for people to accept gold in trade... something they are doing right now...

[crashdive123]

Not shooting the messenger. Just kicking the turn table to try and keep that broken record from skipping.

[nell67]

Time to toss that record crash......

[BraggSurvivor]

Yea, your right .....

There is little sign of panic here. There was no property boom, there have been no sub-prime loans, no banks appear to be in trouble at the moment, most people do not speculate on the stock market, superb candidates for the next President, consumer debt is much lower on average, most people only have one credit card often none, and generally speaking it seems to be passing most people by........

[wareagle69]

i thought about you when i was in the bush my friend and all of our sparring that goes on came to some interesting conclusions, but what interested me was the fact that you left out of boredom.hmm me thinks that the doom and gloom was not coming to fruition fast enough for some predictions so you ran out of things to say, but hey who am i am to say what reasons people have for taking a break, i know as soon as i can i am heading out again

[BraggSurvivor]

You know WE, I was arguing with people in 2001, 2002, 2003, 2004, 2005, 2006, and 2007 that the housing bubble would deeply effect everybody, including them.

They kept on telling me, no, no, it would only affect the foolish buyers who bought houses at high prices.

When I told them the banks would go down, they said nonsense, that it would strictly be limited to foolish home buyers.

My friends and relatives would not believe we were in a housing bubble. They would say, my house has consistently gone up 5%-10% each year, why should it stop now? Besides, their real estate agent and home re-modelers kept telling them that if they did a $25,000 kitchen renovation, they would add $75,000 to the value of their house, and if they did a $75,000 general update renovation of the rest of their house, their house would be worth $250,000 more.

No one, both those that believed there was a housing bubble and those that refused to believe there was a housing bubble, would believe me when I predicted the events happening today. And I was too conservative!

Jim Willie from Kitco predicted many months ago that a gigantic Resolution Trust Fund or Corp would be set up by the government to try and stop the financial crash of the world. Hank Jerkoff Paulson said today that the government is planning exactly that.

So, looks like the US taxpayer is going to get put on the hook for ALL the bad debt created by the bankers. If this includes CDO's and other derivatives, then we're talking about real money, like $450 TRILLION. You think Zimbabwe has bad hyperinflation, wait till this happens.

Jim also said that the creation of this RTF or RTC will cause gold to go to $5K per ounce. I hope he's right.

Yeah, telling the truth, doesn't make you popular. A lot of people think it's just being negative. It really makes you admire people like Ron Paul who often times was the only no vote in the house. As the X-files said: "The truth is out there" but I think it is too much of a burden for many people. Maybe it's just easier to skim on the surface of things and be content to "fake it".

;)

[Sourdough]

Short the U.S. Dollar, and go Long the Traxastan One Oz. .999999 pure GOLD Coins. I hear you can trade them Bonds, and Paper Dollars for Gold. In fact some countries just cut up used newspapers and trade that for things of value. We will just tell them that the newspaper is backed by the FULL faith, in American Government to solve any problem, And we would never print more newspaper.

[BraggSurvivor]

The End of the Bretton Woods and the floating exchange currencies that Henry KI$$$$$$$$$$$iniger, George Shultz and Nixon gave you... is what they are now.

And the Maastricht Treaty that create the European Union and the European Central bank ... is the new "monopoly" and quasi-private currencies.

At the end, like the Council of Foreign Relationships and the ultra powerful economist Mundell want... privatization of CURRENCY and the total control of the price of it--- and never gold standard, what gold can back up the trillions that is being pumped to save the toxic paper that they are bailing out??

;)

[yellowcab]

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