ABANDON SHIP! BRICS Just signed agreement to destroy the USD.
- Thread starter lukep
- Start date
I'm spreading info & advocating preparedness here. I only ASKED if others had written a list of doomsday stuff, not telling others to go buy anything at all. Perhaps you're thinking of someone else?
The real problem here is that until the crash does happen, the USGov is artificially holding the oil industry aloft through subsidization.
The USA has been investing HEAVILY in the oil industry since Mr. Ford told them to back in the 1910's. Nowadays it's possible to make new tech but pretty much Impossible to make that tech's product compete economically with oil. You also have the problem of unscrupulous oil corps and Sheikhs buying out or literally killing off the makes of such technologies before they come to market and compete with them. It's just too tough of a nut to crack with our government the way it is.
Have you found what the two agreements signed were actually for? I know better than to trust RT's dialog about that but I can't think what the two agreements signed would actually need to exist for if not for some kind of trade agreement.
No one is panicking, not even Dresden. I only see people on here talking about preparation, the way smart people should in uncertain times.
If all that happens is the cost of oil just doubles or so then you'll be right about switching to flex-fuel cars and diesel. I see them in traffic all the time here in Kansas now. But if the price of EVERYTHING starts to go up because we slowly start our hyperinflation, what do you suggest then?
Losing our status as the World Reserve currency is not going to make oil prices alone go up. It's going to make the USD go way, way down.
If I wasn't paid in USD I'd say the exact same thing.
Did you guys started sending your gold & rupees off to Iran for your oil yet?
About what? Abandoning ship? No. My 4K post was more specific about doing so than this thread.
About losing our status as the WRC? No. That's clearly in the works... The only question is how long it will take.
At some point, not likely soon, but someday, the Fed will no longer be able to hold back public opinion. There could be a run on the bank when the mainstream understands how fragile the system is. It happened in Asia as recently as 1997, it can happen here too under these circumstances.
Your idea of strong growth sounds like it came from the mainstream media to me. How is a 20% unemployment rate "strong growth?"
And don't forget the depth of the crisis that it's growing from... ANY growth can be argued to be strong after the ravine floor we just crawled back up off of.
As far as I can see, any establishment guy (Romney and Obama for sure, but likely anyone but Paul) that gets elected will keep trying to hold onto the FRN as the WRC instead of doing the things we need to do like make our currencies compete or remove the oil subsidies and encourage other energy technology. They'll keep taking us down this path to hell, justifying it the way you just did.
You sound like a smart guy but you clearly are listening to the mainstream media too much.
Excellent. You are now completely retarded and are likely going negative then. Soon you'll be forced to spend your time elsewhere, like the Sesame street website. :thumbsup:
As stated in a dozen other (Paul) threads I don't want to move to Thailand because it's friggin' hot there. I will if I have to though, and this is another good chunk of evidence that I'll have to.lukep since u quit US why do u care so much if it goes down?
1. It does not all hinge on Oil. I don't know why so many are getting wrapped up in Oil alone; it's now about the dollar not being able to buy a penny anymore.
2. The human race is capable of, and has ALREADY produced far better energy technologies than oil. IT'S THE GOVERNMENT that makes oil the cheapest tech for us right now with it's huge, unholy oil subsidizations. Read what I wrote to Jacky8 above for more on that.
Case in point: Solar has been cheaper than oil in Germany for a good decade or so now. (They don't subsidize oil as much as we do.)
The oil industry was "victorious" the day a Model T Ford could drive from coast to coast. This is no long about victory... It's about Governments being controlled by Private corporations (Like the Fed and the oil industry) wanting to keep as much of their money and power as possible.... AS ALWAYS.
Too simplistic. We won't always have to be the biggest consumer base. China's population alone makes ours look pathetic, so why exactly are we so special that they'll always want to stay friends with us despite our nasty FED tricks and schemes?
The fact is that all of the BRICS are growing in both population and personal wealth. Their markets together ALREADY make the US market look like a washed-up has-been. Sure we were the best country in the world until now to sell just about anything to; but that officially changes when the dollar sinks. No matter how much it 'hurts' China for the USD to hyperinflate, they'll be making more money elsewhere soon if they stop trading in the USD.
AGAIN efeezy; the peoples just don't know. When these things happens the propaganda machine hides it and tells the public the opposite...
Consider these:
"Unemployment at a record high in 29 states!" (LOL!)
"The Mega Millions Jackpot is bigger than ever!"
"Oil supplies sufficient for Iran crackdown"
"Dow, S&P first quarter best since '98"
"Stocks end spectacular quarter"
--- All headlines on CNN today. All dubious, all propaganda, MANUFACTURED to distract people from seeing any actual problem. Why is this so hard for some of you guys to see yourselves? And I didn't even get into politics... Yes, it really is that bad.
dam, luke broke it down like a mother fucker. I hate my diesel >:-=/ G dam 35 gallons x $4.55 per gallon pisses me the fuck off. I should convert that bitch into biodiesel and go ask restaurants for veg. oil given i knew how to convert it. Or maybe I should go get one of those cars that are like 4 feet long? The ones that look like you can pick up and run down the street with it.... I wonder how many mpg these bitchez get
/LuLz
/LuLz
Efeezy has got it right on.
Price action is king. When the news broke on this deal, the market didn't react into a sell-off. Market pretty much ignored it and is continuing into new highs.
Chances are there really is nothing to worry about.......as of right now.
Ofcourse, that could change. But after reading the latest post, its my understanding, this deal is still in the works. Nothing has been signed! Blah!
Price action is king. When the news broke on this deal, the market didn't react into a sell-off. Market pretty much ignored it and is continuing into new highs.
Chances are there really is nothing to worry about.......as of right now.
Ofcourse, that could change. But after reading the latest post, its my understanding, this deal is still in the works. Nothing has been signed! Blah!
When the news breaks for peasants, the market has already priced it in.
The market actors are a lot smarter than people watching Bloomberg.
And don't forget that the pricing of the market is in USD so it's false profits. As long as the Fed keeps printing money it will keep the S&P pumped up. The market already knows that if the S&P falls like 200 to 300 points the Fed will come in with another round of monetary easing and the party will continue.
Yea because people like you who get the news straight from RT know better than the people investing millions and billions. They aren't in the loop I guess they better start tuning in to what ever loony bin news source you read and get the jump on everything.
If you even watched the own video you posted you would know that these meetings don't really accomplish anything. It's an event countries like china and russia put on to say they grew some balls and they are trying to show the USA and the world that they are big boys and since they aint invited to the clubs they are gonna make their own club.
even if the US economy is fucked. We are still 10x more reliable than any of those countries. I wish they would create some sort of Bric currency because they wouldn't stand a chance against the dollar. All of those economy's are bullshit and controlled by the government more than ours. Would you invest in BRIC currency?
Thats why you don't see the markets giving a fuck. Its all a show. The little kids on the playground are trying to stand up to the bully.
Uhh, wouldn't the stock market do exceptionally well on hyper inflation? The value of the dollar is less therefore, the value in USD on stocks goes up.
BBC News - Iran crisis: US to apply fresh oil sanctions
"US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil."
"The move would allow the US to take measures against foreign banks that still deal with Iranian oil."
He mad
"US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil."
"The move would allow the US to take measures against foreign banks that still deal with Iranian oil."
He mad
And China, one of the largest importers of Iranian oil, rejects the sanctions China rejects Obama's Iran oil import sanctions | NewsOK.com
Solar & Wind is just a scheme by big oil to force Coal & Nuke plants out of existence. They're both amazingly unreliable and force countries to install quick-response natural gas generators due to regular, extremely random outages of electricity.
Solar power could crash Germany's grid - environment - 27 October 2010 - New Scientist
Solar power could crash Germany's grid - environment - 27 October 2010 - New Scientist
You are so wrong on this.
In Greece, where I was raised, 90% of water heaters are sun powered. They work great. If a puny country like Greece does this imagine what is actually possible.
Dresden, I strongly recommend Patriots by a guy named James Westley Rawles. You will eat it up. Good stuff. And whats creepy is the beginning of the book is him explaining how the economy collapses, as it is, 15 years ago!
Greece I'm sure solar water heating is fine.
In Ohio USA not nearly as much. Spain, Germany, the UK and others are having major issues with solar/wind power whether you believe it or not.
With water, you can either pump hot water underground in a large semi-insulated tank , or keep it above ground in a well insulated tank for a while. Even overnight storage with hot water isn't too hard. However this is hot water ONLY. If you attempt such a system for say radiant heating in a colder climate (like mine) it absolutely will not work. I've tried over and over again to calculate one out and it just won't work.
Power demands are constant, the sun and wind are not. You absolutely can not fire up a coal or nuke boiler up at a moment's notice.
For remote, off grid systems solar/wind is fine. For national power? Heck no. The cost to install a TRUE solar/wind replacement will cost $50,000 to $75,000 for the average American household. The cost for traditional coal generation or even nuke will be anywhere from a few hundred to a thousand dollars in added capacity & infrastructure.
As I said above , EVERY SINGLE TIME a solar/wind generation system goes online to replace a coal or nuke plant, a equal amount of 'emergency' power has to be built. How would you like server farms going up and down every time the wind stopped blowing or the sun went behind a cloud? You couldn't do business like that, no business can. The local DuPont plant in my small town loses $500,000 to $1m every single time there's a power disruption (And yes, they have a 250kw+ diesel backup, there's just no way to build a UPS solution to act in such a way to prevent the problems). They're not the only ones with such problems, EVERY company is like that, so natural gas generators are an absolute necessary.
So, whether you guys want to admit it or not, Solar & Wind power is jut a scheme to transfer money from Coal & Nuke power generators to oil & gas companies. The reliance of Germany and the UK on natural gas is increasing due to the addition of wind/solar power, not going down.
There's only a few options for TRUE renewable power that works. One is parabolic solar arrays into large sodium towers. This is complicated, expensive and can only be done in areas with LOTS of land (Say the desert). We're 10-15 years away from that being a truly effective alternative to traditional power. PV systems will never, ever, ever work unless you can keep the sun on them 24/7 which would require orbital systems. Wind power absolutely positively will never work unless you're willing to deal with jetstream systems which require carbon nanotubes to build ground tethers. We're 20-30 years away from that technology. All of this photovoltaic and ground windmill attention is total and absolute BS. I've had the opportunities to look at the books of real world wind operations and they are absolute scams. One of the largest windfarm projects in the Great Lakes area can generate electricity AT BEST for 45c per kw/h. The problem? Coal power in the Great Lakes region is 6c per kw/h.
Dresden, I strongly recommend Patriots by a guy named James Westley Rawles. You will eat it up. Good stuff. And whats creepy is the beginning of the book is him explaining how the economy collapses, as it is, 15 years ago!
Good thing I live in a small town, am friends with farmers, and have access to all the ammo, food and water I need
Not only that, I've got people I know & trust that are quite handy with guns.