What we are watching to determine when the Collapse is about to happen.

[pkveazey]

I'm thinking that every one of us has some particular thing that we are either intently watching or sometimes watching so we'll have an idea of when the big collapse will happen. Some are watching inflation numbers. Some are watching the stock market. Some are watching the Precious Metals prices. Some are watching the Crypto Prices. Some are just watching the evening bullshit on TV. Some are watching all of them. Well, I keep getting fooled because I'm basically watching the Price of Precious Metals and Silver in particular. Every time the price of Silver drops drastically, I think, "OK" here it comes but then it doesn't. The price just starts to slowly climb back up where it was. Eventually the price manipulation balloon will pop and Silver will take off like a rocket and the price manipulators will have lost control. Lately, I've started to watch Copper and Nickel. They seem to be a bit more stable than other metals. I have been saving every Copper penny and every Nickel that I can for several years because they are worth more than face value. It takes 192 copper pennies to make a pound. Hmmm.... That's $1.92 per pound, but hey, wait a minute, Copper is selling for about $4.40 a pound. That means that every copper Penny is worth at least double its face value. A Nickel weighs about 0.176 ounces so 16/.176 is 90. It should take about 90 Nickels to make a pound. OK, let's just say that 2 rolls of 40 Nickels is close to a pound. That's $4 for 2 rolls of Nickels but Nickel is selling for about $9 a pound. That means that a nickel is worth about 10 cents. I suppose my point is for preppers to not overlook the importance of pre 1982 Pennies and all Nickels. I believe that Silver, Copper Pennies, and Nickels will be highly sought after when the collapse comes. Why did I leave Gold out? Well, unless you are buying a car or real estate, then who's going to be able to make change when you want to buy something like a gallon of Milk or a loaf of Bread?

[FeedingFreedom]

I know several people that have actual pallets of nickels, which they got when the melt value of nickels went above 6 cents.

[DMCakhunter]

Treasury bills are one of the things I watch. Will be the attack no one sees coming until no one is willing to buy them. That will cause an economic collapse.
On another note, entities will sell off us t bills if they feel that the US is being too aggressive or unfriendly. That way the US has no financial leverage over them. Another item is gold transfers, some countries hold some gold reserves for others. Kind of like collateral. Wait for one or more topull it back, if it hits the news.

[JohnyMac]

A few things to remember, the US Dollar has not changed, unlike some other countries since 1850's. A 1851 US dollar can be used today as a US dollar. That is not the same in other countries currencies.

Italian, French, Russian, Japan, and many others have replaced their currencies over past years. Basically, the government says that they are going to replace the currency and the new currency will be worth 1/10th (or so) of the existing currency.  You must convert the old currency to the new currency by "X" date or loose it.

So far, that has never happened with the US Dollar and that is before the "petrol dollar". That is why citizens in other countries hold US Dollars, as a hedge against their own currency. Certainly, that could always change. 

The EU is certainly the "canary in the coal mine." As DM wrote, a tell tale sign that things are going to start to come apart, keep an eye on EU countries buying more and more Treasury Bills.

Another thing to watch is American's buying odd big ticket items. This is what happened before Germany went into there crash. Piano's, cars, precious metals, jewels, painting's, etc. etc. etc. - You get the idea. Currently, folks are buying new houses away from the city. Then next on the list of purchases is food and household supplies. One of the biggest home supply items being purchased are freezers. What are freezers used for?

Used vehicles are also being snatched up as soon as they become available. I heard somewhere that used cars are selling for 30% over Kelly Blue Book value. Interesting. Recently while parked at a large chain grocery store in Binghamton, NY. with my truck, out of the blue I was approached by someone who wanted to buy my 2009 F-150 with 250,000-miles on it. They offered me $6K in cash if I would sell. It turned out to be a car salesman just down the street. I wonder what they would have gotten for the truck if I did sell.

Interesting WEF article, First of a kind Global Resource for Central Bank Digital Currency & Stable Coin Launched

As a side note, just an observation, has anybody noticed that the governments around Davos, Austria (The home of the World Economic Forum and Klaus Schwab) are the ones really cracking down with Covid-19 mandates? Interesting.

Beans, Band-aides, bullets, and some PM's. One day at a time folks, one day at a time. Keep looking ahead and do not loose focus.

[pkveazey]

I have to agree with Johnny on nearly every point of his post. EXCEPT, remember when we had to turn in our SILVER CERTIFICATES by a certain date or they would no longer be honored. My sister said, "Screw 'em" and she collected them because she figured they would become collectors items. She was right. Waaayyyy back in the past, we also had Gold Certificates and they did away with those also. There was no such thing as inflation in the US until 1912 when the Federal Reserve was allowed to have control of our money. Having other Countries hold precious metals has been very common for years but the latest one that was tried to be kept secret was a couple of years ago when Germany tried to get its GOLD back from Fort Knox and we wouldn't give it to them. Those Germans were really pissed off. You can bet that Fort Knox is a bare as Old Mother Hubbard's cubbard. We are about to go into a phase where the public is going to say, "Where's the Beef" because we've been living on Bull shit since 1912. When that happens, its going to be chaos and the people who've been living with their head up their butts won't know whether to Crap or go blind. The preppers will just close one eye and fart.

[JohnyMac]

Ahhh PKv, I forgot about gold and silver certificates. You are correct in that you could not trade the gold or silver certificate for the PM it represented however, it still could be used as fiat paper money after the PM turn in date.

My grandfather was a jeweler before WW II and owned a shop in Hackensack, NJ. I remember he had a cigar box filled with silver certificate bills. I wonder what ever happened to that cigar box.

Anyway, he closed his shop right after the war started and worked for a local company till he retired that made bomb sights. 

[grizz]

The collapse has already begun in slow motion. They are hitting us from every angle, just a little bit at a time. Its death by 1000 cuts.