Dollar Collapse and Obtaining Assets - Part Two

[BeenInACaveWayToLong]

I like the ending.

The moral of the story is ... Buy gold and get lucky!

[BeenInACaveWayToLong]

At the 3 for 1 sale at Jos A. Banks, an ounce of gold will buy you 3 expensive suits! (or 9 cheap ones).

[emmy1cat]

Watch Europe, Greece, you can see the future.

[lilgooberhead]

Gold is NOT worthless. What are you guys on? The reason for buying silver is so that you dont overpay for anything. A loaf of bread is not worth an ounce of gold, but one silver coin may be. If you buy gold and silver coin its like having dollars and cents, where the silver is cents, and the gold is dollars. That's the reason for getting both. When the economy recovers, you will still have gold to trade back because you didn't spend it all on bread, eggs, and milk.

[STLEO1]

@lilgooberhead Hey for them to say gold is worthless hell that 100 dollar bill in their pocket they can wipe their ass with that worthless shit!

[HypnosisForInsomnia]

@lilgooberhead In 1979, everyone was saying the same thing when Gold was $800.00 an ounce.

It dropped to 140 or lower after that.

[endlessmountain]

@HypnosisForInsomnia $140? Really wow, in what currency? Because it was not in USD. Also by using fun math the rate of increase from 35 to 800 was greater than 20. Greater than 20 from what the real bottom is of 250 (not 140) over 5.500 and the currency is fiat with people or sheep waking up in masses :)

[HypnosisForInsomnia]

@endlessmountain If not 140, it was darn close. Point is Gold TANKED if you bought it at the height of that inflation panic.

People here are preaching BUY HIGH, SELL LOW.

[TumisHumis]

@HypnosisForInsomnia Lookin' good now :)

[superdiza]

An ounce of golds is well over 1100$, much more than "one suit" :")

[florgat91]

let's face it - the worst never happens ...

[GreatLakesBuffalo]

Can't eat gold. Garden, Canning, Dehydrator to get...Excaliber. Food sealer, mylar bags, oxygen packets, ball food jars good for dehydrated foods.  Next up...stock up on fuel.

[HypnosisForInsomnia]

@GreatLakesBuffalo Can't eat gold, but also can't PRINT it, and it does not corrode, so it makes for the ideal fiat currency.

My adviser, however, the talking Gremlin from Gremlins II, suggests putting everything we've got into canned food and shotguns.

[Liberty4Ever]

@HypnosisForInsomnia I don't think that word means what you think it does. :^)

Gold is NOT a fiat currency. Fiat currencies are paper currencies that only have value because some authority like a government says they have value. Gold has intrinsic value.

The founders of the US knew about the danger of fiat paper currencies. That's why the US Constitution specifies gold and silver as the currency. Governments can't overspend and then inflate the gold supply.

[HypnosisForInsomnia]

@Liberty4Ever Like i said, you can't PRINT gold, but it's still a fiat currency.

A fiat currency is something with no intrinsic value, likie tulip bulbs or old baseball cards. Gold and silver have limited intrinsic value, but not to match its "fiat" value.

Food is cu4rrency becuase you can eat it. Commodities are currency because they provide utility. Gold and silver are almost worthless intrinsically, except for their value as actual metal.

[endlessmountain]

@HypnosisForInsomnia silver has more uses than you would think as like food and many other assets it can be used where other metals can't do what silver can do. Gold is almost worthless as of 11/22/2010, but silver is not.

[jjenson2006]

@HypnosisForInsomnia "Food is cu4rrency becuase you can eat it. Commodities are currency because they provide utility. Gold and silver are almost worthless intrinsically, except for their value as actual metal."

Gold & Silver are commodities. Gold does have utility value because it is used for plating in electronics. But a commodity doesn't have to have a utility purpose to have intrinsic value. If you say food has intrinsic value only because you eat it, then all foods would cost the same.

[endlessmountain]

@jjenson2006 please research silvers uses in line with "commodities providing in utility" for the utilities that they are used for and why no there metal can even come close to what silver can do.

[jjenson2006]

@endlessmountain Where did I state that Silver had no utility?

[Trala52]

...and would it be smart for a box person to drink water? Wouldn't that make his innards soggy???

[Trala52]

Box people need to eat?

[simplewhimsy]

lol, I liked the ending. Thanks for the vid, as cute as the first. :)

[Shocksink]

Gerald Celente Boxed!

[Rizky06]

Does she get to see his Joe Boxers in part 3?...:0

[TheWeatherMan2012]

Nice job bro!!!

[slobomotion]

Very good!

[markymarkuss777]

☺/

/▌

/ \

[dgmoocher]

Good animated lesson.  I just saw Money as Debt. You're a peach.

[awells88]

"Oh, I love you so much! " :)

Great video

[nextdimensions]

thanks for the different video!  great idea

[POSSUMTOHIDE]

I like the cartoon, easily reaches people about the message, I hope to show it to my family- I am the only one who believes that the our economy will probably collapse! Thank you

[KhmerD0g]

i told my family about the coming economic collapse but they don't believe me. my brother just laughs at me. my friends shrugged it off too.

about 95% of americans are still in the matrix. but they will wake up soon. by that time, they will be shocked.

[limitedplay]

what economic collapse? Are you reffering to may 12th?

[KhmerD0g]

i don't believe december 2012 doomsday. i am not a believer in reinhardt's prediction. i am just looking at the macro economic level (data and historic wise). america economic condition is not good. it will collapse by the end of obama's administration at the latest. that is almost a sure thing.

i'm not pessimistic porn nor optimistic opium. i'm a pragmatist/realist.

[KhmerD0g]

limitedplay:

the leaked stress test shows 16 of the 19 largest U.S. banks are insolvent. the treasury plans to release the data on may 4 but they will delay for a week. it looks like they will release the data on the end of the trading day of may 11. on may 12 the stock market will crash on the opening trading day, people will line up to withdraw their money causing a huge run of the bank across america. all major banks will collapse. may 13, obama declares bank holiday.

i do NOT believe that.

[crasster1]

What stinks about that (same situation as you) is that they'll all come begging for your supplies... That is the point when you'll have to face those you care about and love, and either turn away from them, or give out your supplies and hope you have enough for the long run.

[sinitskyd]

Derek, you need a date....