George Soros, "Manage USD's Decline Necessary" - BRICS

[JohnyMac]

Interesting 2-minute video.

https://www.youtube.com/watch?v=VyEzraD2xtQ

I often wonder what the average American citizen will do?

 

[Nemo]

Does it still have credibility 15 years later?

Nemo

George Soros (2009): Managed Decline Of U.S. Dollar Necessary, China Will Be The Engine

[JohnyMac]

Look at BRICS, what do you think?

[pkveazey]

While I don't like BRICS, I do think that I'm going to personally like the outcome. It eventually had to happen that GOLD and SILVER need to become true money again. This FIAT bullshit has to stop before the whole world becomes the Weimar Republic. My only regret is that I didn't buy more Silver when it was $15 and ounce. I would love to say that I bought 10,000 ounces but that would be a lie. I will say that I did buy more than 100 ounces. When measured against the general public, I'm at least 100 times better off than they are because most people had their head up their butts and didn't buy any at all. When the SHTF, my cash stash will quickly deplete, and I'll have to move into using my Silver to survive.

[grizz]

While I don't like BRICS, I do think that I'm going to personally like the outcome. It eventually had to happen that GOLD and SILVER need to become true money again. This FIAT bullshit has to stop before the whole world becomes the Weimar Republic. My only regret is that I didn't buy more Silver when it was $15 and ounce. I would love to say that I bought 10,000 ounces but that would be a lie. I will say that I did buy more than 100 ounces. When measured against the general public, I'm at least 100 times better off than they are because most people had their head up their butts and didn't buy any at all. When the SHTF, my cash stash will quickly deplete, and I'll have to move into using my Silver to survive.

With all due respect, I dont see the value in silver as much as food, water, lead (and related products), knowledge and a variety of skill sets that do not include the use of electricity. And as someone who has never studied silver or have the ability to tell real from fake, or the ability to make use of it, I could easily be fooled or cheated.

Even gold will eventually become worthless as people refuse to trade food for gold.
And then lead will be at its highest value until that is used up.
Then it will be a matter of skill sets and respect for each other and working together - The meek shall inherit the earth

Its a cycle that cannot be broken and the few that realize this will be the few who survive it, hopefully...

[Felix]

"Even gold will eventually become worthless as people refuse to trade food for gold.
And then lead will be at its highest value until that is used up.
Then it will be a matter of skill sets and respect for each other and working together - The meek shall inherit the earth"

I don't believe gold and silver will go away as means of exchange - but their values in weight per coin or bar could be an issue.    I have a couple of bars but most is in coins, both "dollars", "maples" and "junk".
And if one can survive the initial crash, then yes... skill sets will trump all.    Skills at avoiding conflict, skills for surviving those conflicts that can't be avoided and then the humdrum skills of daily living in a world without power tools or Amazon Prime.
   My watch words are: Survivability, Sustainability, Community.     And if that describes meek, count me in.

[JohnyMac]

I have a prepping friend who does not own a coin of any PM. His philosophy is, "you can't eat PM's". Like everything in life, moderation should be the goal.

PM's have a spot in your preps along with bullets, beans, and band-aides. The amount you have on hand is what works best for you. Remember, you use silver for everyday things and gold for big things like, a tractor, horse, cow, land, vehicle, etc.

In closing, I purchased some PM's AFTER I had the first 3-B's taken care of. Been working on the 4th 'B' (Bible) for ever it seems. 

[grizz]

"Even gold will eventually become worthless as people refuse to trade food for gold.
And then lead will be at its highest value until that is used up.
Then it will be a matter of skill sets and respect for each other and working together - The meek shall inherit the earth"

I don't believe gold and silver will go away as means of exchange - but their values in weight per coin or bar could be an issue.    I have a couple of bars but most is in coins, both "dollars", "maples" and "junk".
And if one can survive the initial crash, then yes... skill sets will trump all.    Skills at avoiding conflict, skills for surviving those conflicts that can't be avoided and then the humdrum skills of daily living in a world without power tools or Amazon Prime.
   My watch words are: Survivability, Sustainability, Community.    And if that describes meek, count me in.

You're in 

[pkveazey]

There are a ton of people out there who have no Presious Metals and they all say the same thing. "You can't eat Gold or Silver". They are absolutely right. What they are missing is that you can't buy a house or car with 100 ham sandwiches. The whole point, as JohnyMac pointed out is that there is a place in prepping for precious metals. Some of us, that would be me, are not only holding Silver. I'm holding old pre-1982 copper pennies and other base metals. When the paper dollar becomes totally worthless, then the Copper and Nickel coins will still have some value. Even the lead and brass ammo will be as good as money. As time goes on and people lean more and more toward precious metals, there will be more and more counterfeit coins and bars. The Chinese are ripping off millions of people with Silver and Gold coated junk. If you don't know for sure what you are buying, then don't buy it. I personally have 3 good methods for testing my Silver coins. The Magnet slide, Weighing, and the Ping Test.

[grizz]

There are a ton of people out there who have no Presious Metals and they all say the same thing. "You can't eat Gold or Silver". They are absolutely right. What they are missing is that you can't buy a house or car with 100 ham sandwiches. The whole point, as JohnyMac pointed out is that there is a place in prepping for precious metals. Some of us, that would be me, are not only holding Silver. I'm holding old pre-1982 copper pennies and other base metals. When the paper dollar becomes totally worthless, then the Copper and Nickel coins will still have some value. Even the lead and brass ammo will be as good as money. As time goes on and people lean more and more toward precious metals, there will be more and more counterfeit coins and bars. The Chinese are ripping off millions of people with Silver and Gold coated junk. If you don't know for sure what you are buying, then don't buy it. I personally have 3 good methods for testing my Silver coins. The Magnet slide, Weighing, and the Ping Test.

After SHTF and everything has gone down the toilet, how much gold and silver will it take to buy your home? My guess is that it wont be for sale at which point the buyers may be willing to trade high velocity lead and just take everything you have.

Its going to get very ugly and watching what happened in Israel on Oct 10th is nothing compared to what we are about to experience. The Jews couldnt buy their way out of this for any amount of money and it pisses me off but at the moment I cant help them with anything more than prayers
 

[Sir John Honeybucket]

When I lived aboard the sailboat, I kept PM. This was largely for INTERNATIONAL use, incase of a dollar collapse while I was in another nation.  I could se a use scenario similar to this:

Me:  Hi, I'd like to rent dock space here for the next year, to let things bacn in the U.S. cool down.

Him:  I'm sorry Senor, but we do not accept U.S. dollars any more, they are worthless.

Me:  Producing a Canadian Maple Leaf in Gold "How about THIS?"

Him: Oh, Si Senor, that will work fine.


OTOH, for domestic emergencies when internet sales of bouillon and secure shipment to metal buyers is not available, not so much.

YMMV

[pkveazey]

Grizz: You have a valid point about folks coming to take what we have. However, to quote a member of the A Team, "I pity the fool that tries that". Our neighborhood MAG has what we need to repel anything short of an army. Silver and Gold have been money for more than 5000 years. I just don't see precious metals ever becoming worthless. I'm all in on Silver because it is an Industrial, Military, and Economic metal.