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The White Tiger

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#555 : October 09, 2009, 12:53:43 AM


Well, at the very least, WT, the next few years are going to be interesting.

I think whoever is in charge wants to put off the inevitable so it doesn't happen on their watch. But we all know that it will make things worse when the real crap hits the fan.

Yes, I think we got left-lite with Bush and we're getting global heavy-duty left with this sitting president.

If the dollar collapses under the weight of this crippling deficit spending. It will be interesting to see if Celente and Igor Panarin are correct with the rest of their trend analysis...?

What happens when commodities once traded in dollars begin to trade in other currencies?

Why would currencies fail?

Maybe to generate the crisis necessary to create one that would make everyone rush to endorse a new one?

...this new currency would need to be secure...one backed by something that would have tangible value.

Maybe one based on a precious metal (gold, silver, platinum), or backed by a natural resource (coal, oil, natural gas)...

How about like when the two Germany's fused ...anyone remember what happened? Communist East Germany had a few million laborers who needed jobs, whose people only wanted freedom and a chance to work, whose economy was highly leveraged by all the socialist programs that basically destroyed the middle class, taxed the wealthy into oblivion and left only those government insiders, trade unionists, and party loyalists to fight for all that was left - power - even if it's a bankrupt state it's the power over the poor slob who doesn't have any. The fusion into west Germany was very good for them. Gave them jobs, they had no emotional attachment to their currency or their failed system. They did however expect the state to take care of them - they had become used to it. They flooded into the west, some adjustments were difficult, but it was all upside for them.

For the western Germans, they got a lot of labor (some skilled) - but they also got a lot of the "we pretend to work..." mentality while they expected full pay, in Western Marks... As the economy struggled to absorb so many much more labor and the social safety net struggled to keep up with the demand of too much withdrawal, not enough contribution. They raised taxes, attempted to find some stability in the currency - but their economy withered. West German companies became less competitive due to the value added taxes on all consumed goods to support the lack of jobs and the state welfare programs. Unemployment rose. They off-set this with the Euro...but that took years.

American investment opportunities in the 80's fueled economic expansion, we imported workers, eventually our expansion triggered one worldwide.

Now imagine that globally - and without the United States.

Food riots, break-up along geo-political fault lines, heck - we won't care if they call it an Amero - we'll take anything - as we lurch toward the updated version of Oceania

Under a leftist it's acceptable - so long as we change the meanings of the words - gotta keep folks feeling good - so roll out the double-speak, Newspeak, stay away from Oldspeak, gotta be politically correct, don't want to be seen as those dirty Proles...

Hey, non-sequitur, know who's in control when you use someone else's currency?

Anyone, anyone...?

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ufojoe

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#556 : October 09, 2009, 01:02:31 AM

We're thinking about investing in gold bars a little at a time each year.

Us too. But you may get another chance at lower prices on gold in the next few months. I personally don't think the hyperinflation is here just quite yet.

The White Tiger

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#557 : October 09, 2009, 01:13:29 AM

I heard something yesterday that I never thought of - in a barter economy - you know what's almost as good as gold, yet more transportable?

Scotch Whiskey.

Now, admittedly it's a little out of character for me...but when considering that I didn't get into precious metals when I needed to, I lost my 401k, my company bought-sold-absorbed-rolledup-brokeup-businessunited-spunoff my pension (and now wants me to enroll into their new 401k), and that I'm beginning to buy some canned food that can be stored...

and the fact that Whiskey can also be a disinfectant as well as a pain reliever - I think there's another "food-stuff" I'm going to start collecting.

For those of you who are in the know - can you keep scotch in your garage indefinitely, or does it go bad?

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O.S. Buc76

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#558 : October 09, 2009, 01:31:13 AM

They say that gold has been traded for thousands of years and has never lost it's value.


2goodbucs

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#559 : October 09, 2009, 04:44:29 AM

I heard something yesterday that I never thought of - in a barter economy - you know what's almost as good as gold, yet more transportable?

Scotch Whiskey.

Now, admittedly it's a little out of character for me...but when considering that I didn't get into precious metals when I needed to, I lost my 401k, my company bought-sold-absorbed-rolledup-brokeup-businessunited-spunoff my pension (and now wants me to enroll into their new 401k), and that I'm beginning to buy some canned food that can be stored...

and the fact that Whiskey can also be a disinfectant as well as a pain reliever - I think there's another "food-stuff" I'm going to start collecting.

For those of you who are in the know - can you keep scotch in your garage indefinitely, or does it go bad?


Great idea. I don't know if it will be as good as gold but it will help to keep minds off of a bad situation by getting drunk. I found this on the net for you about the shelf life of Scotch...

"scotch is not like wine -- it doesn't continue to change in the bottle. A bottle of scotch that was bottled twenty years ago should taste about the same now as it did when it was bottled.
An unopened bottle of 12-Year Old Scotch Whisky that was purchased in 1956 is a 50 year bottle of12-Year Old Scotch.
Distilled spirits are very resilient. While extreme heat can harm flavor, basic temperature fluctuations are unlikely to impact taste.
Whiskey -- both bourbon and Scotch -- sealed and stored upright should be fine. They are high proof and very stable once bottled. However, unlike wine, they should never be stored on their sides, especially corked ones. Alcohol at high proof is a solvent, as in "able to dissolve" cork. And 'corked' whiskey, like corked wine, isn't gonna be like what you thought you had.

Storage of fine Scotch Whisky is best done in a cool place"

kevabuc

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#560 : October 09, 2009, 09:02:15 AM

They say that gold has been traded for thousands of years and has never lost it's value.

It depends on what price you bought gold at that determines if it has lost value or not.  The price flucuates, like any commodity.

\"The budget should be balanced; the treasury should be refilled; public debt should be reduced; and the arrogance of public officials should be controlled.\" -Cicero. 106-43 B.C.

The White Tiger

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#561 : October 09, 2009, 02:39:34 PM

I heard something yesterday that I never thought of - in a barter economy - you know what's almost as good as gold, yet more transportable?

Scotch Whiskey.

Now, admittedly it's a little out of character for me...but when considering that I didn't get into precious metals when I needed to, I lost my 401k, my company bought-sold-absorbed-rolledup-brokeup-businessunited-spunoff my pension (and now wants me to enroll into their new 401k), and that I'm beginning to buy some canned food that can be stored...

and the fact that Whiskey can also be a disinfectant as well as a pain reliever - I think there's another "food-stuff" I'm going to start collecting.

For those of you who are in the know - can you keep scotch in your garage indefinitely, or does it go bad?


Great idea. I don't know if it will be as good as gold but it will help to keep minds off of a bad situation by getting drunk. I found this on the net for you about the shelf life of Scotch...

"scotch is not like wine -- it doesn't continue to change in the bottle. A bottle of scotch that was bottled twenty years ago should taste about the same now as it did when it was bottled.
An unopened bottle of 12-Year Old Scotch Whisky that was purchased in 1956 is a 50 year bottle of12-Year Old Scotch.
Distilled spirits are very resilient. While extreme heat can harm flavor, basic temperature fluctuations are unlikely to impact taste.
Whiskey -- both bourbon and Scotch -- sealed and stored upright should be fine. They are high proof and very stable once bottled. However, unlike wine, they should never be stored on their sides, especially corked ones. Alcohol at high proof is a solvent, as in "able to dissolve" cork. And 'corked' whiskey, like corked wine, isn't gonna be like what you thought you had.

Storage of fine Scotch Whisky is best done in a cool place"

Thanks 2goodbucs - while I don't intend to imbibe - the value others find in it's numerous attributes and it's portability would seem to make it a little more practical than gold bullion, certificates, or bars.

The storage information is appreciated.

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