Are we headed for another great depression?

consider that our currency is debt based. That is, for every dollar in circulation, a dollar of debt is created. So add the national debt of $9 trillion to the private/commercial debt of ~$5 trillion and we have a total debt/money circulation of $14 trillion. Latest reports from the US Treasury show the government has 149 million troy ounces of gold on hand and no silver. Dividing 14 trillion by 149 million, and it looks like our government could support the dollar somewhere north of $90,000.00 to the ounce. The ONLY thing that has kept the dollar afloat has been its status as the world's reserve currency. Most of the dollars in circulation are in foreign countries. When they will no longer accept these dollars, they have no place to go but home. I buy gold and silver. I have moved to a rural community and have 10 acres. I am putting in a chicken coup. I will be putting in a garden in the spring. Our economy has been a slow motion train wreck for several years now but the pace is accelerating. I hope we can get Dr. Paul in the oval office before the collapse comes. If not, I doubt there will be any elections.

A depression wouldnt even begin to describe it. It will be a super massive, huge, tremendous, extremely large, eye-popping, jaw dropping world-wide colossal depression. Theres only 2 ways to escape.

1. Move to Antarctica where there is no actual currency
2. Get Ron Paul elected as president of the United States

Has anyone given thought to what we are going to do about the troops? How are we going to get them home? Any imput?

yep. period. sell sell sell!

When inflation grows faster than the economy! It's just the government is fudging on the inflation numbers. We are in for a seriously bumping ride, I don't think it's going to be like 1929 where there's a run on the banks. It's going to be like Germany in 33' or Argentina a few years ago...money just becomes worthless.

Mike
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NOW
Rapidly declining dollar, Fed continuing to print fake money to pour into the monetary system to bail out the banks, Fed lowering interest rates this week another quarter of a percent, stock market dropping 300 points the same day because the new interest rate wasn't low enough. Fed now auctioning off billions of dollars in loans next week for banks to buy up and doing the same in January.

9 trillion dollars in debt, the cost of our empires and wars overseas costing Americans almost 1 trillion dollars a year (which we borrow from China and Japan), subprime mortgates causing forclosures in the housing market and defaults on loans, Iran deciding not to take US dollars for oil anymore, only euro's and yen (a week ago). Manufacturing jobs down to one quarter of what they were 20 years ago, unemployment up tremendously (you are considered NOT unemployed after 6 months of unemployment even if you don't have a job...thanks to Bush changing the laws). Inflation tax causing everything to cost more thanks to the declining dollar...want me to go on?

That's why we need Dr Paul as President because he is the only candidate intelligent enough about our monetary system to stop this from happening.

Here's the scenerio, countries stop taking our dollar to pay for oil, we have to pay in euro's which are almost 50% higher than the dollar, oil goes up 50% higher automatically. China calls in our debt if we try to stop the huge trade deficit we have with them and we don't have the money to pay them back. Dollar crashes, housing market crashes, Wallstreet crashes and people make a run on the banks (this has happened before and Americans only got ten or twenty cents on their dollar) The FED or big bankers go back in a buy up everything for pennies for the dollar.

Yes it can happen but I call it the total destruction of America's economy.

That’s also a good graph of Republican political hegemony.

See below: http://relfe.com/A06/great_depressi...

The next several years will see the return of stagflation. With multiple recessions coupled with inflation. The global economies are not as in bad of shape as they were in the 30’s. That being said people on fixed incomes or that do not have the technical or high end service provider education and knowledge will likely see their standard of living decline.

The nightmare scenario can be stopped but we need strong dollar hard money advocates in government and especially the White House. The excesses of the last decade and a half can be washed out quickly, painfully yes, but quickly if the market is allowed to perform its function.

Once the liquidation of bad mal-investment occurs, world wide capital flows will come back to the US and will come back rapidly so long as investors are confident the US is committed to hard money.

What do you see?

OPPORTUNITY IS NOWHERE

OR

OPPORTUNITY IS NOW HERE

I see a cheap Dollar - buy signal

I see a high Euro - sell signal
Canadian Dollar sell

China is the new America. Just China's population alone has the strength to fuel markets with demand.

I know I'll catch hell for this post and yes the dollar has been crashing. But until Ron Paul is elected we can profit from these circumstances.

There have been many "safety" measures put into place since the market crashes of 1929 and 2000. There is also a "plunge protection team" operated by the Federal Reserve. They buy when markets plunge.

But most importantly the common man needs to learn about syndicate traders. They are private traders with very large resources who initiate buying and selling "panics" by executing sharp moves in market prices. They will not go away when Ron Paul becomes President. They are independent of the Fed.

They have been around for over 100 years and will continue to influence markets until markets are no more. They are predators and they feed on the fears and ubris of institutional traders and retail traders.

As freedom fighters we need to make ourselves knowledgable about these syndicate traders of "smart money" as they are sometimes called.

Like rino birds we can profit from the market moves they precipitate if we learn to recognize their presence in a market.

Simply put when prices get too high they sell hard against the trend. When prices reach a low affordable level they buy hard causing a panic buy or short covering frenzie. Its all contrived but it's effects are very real.

Do I think we're headed to a police state? Yes because there's big money in security - TSA -VERICHIP - DHS - BIG MONEY!

The Dollar collapse is about ushering the Amero as a "solution" to a FED contrived problem. Just like the crash in 1929. It too was contrived by the FED to justify its own existence as a market moderating force. Contray to what former Fed Chairman Greenspan says in his book, the Fed knew exactly what it was doing to precipitate the crash of '29. Think about it. If you have massive amounts of money and prices are too high, you can't profit unless prices peak and turn down hard. So you "sell" into the euphoric market by putting massive amounts of stock into the market causing supply to increase and overwhelm the demand. As prices fall a "panic" begins with those who came into the market late. As they dump shares the downturn takes on more momentum and velocity kicks in causing more and more selling and panic. Guess who is waiting at the bottom with even more money than before this all started? Right. Now they begin to "accumulate" shares discreetly and almost unnoticed by buying against that last massive plunge. Their buying is camouflaged by the chaos and very high volume. Then the cycle begins again. As they "absorb" the excess volume they also continue to accumulate more shares each time the price dips a little. Then the steady - low volume - resumes. When they feel they have absorbed all of the excess volume they will often plunge down one more time to trigger institutional sell orders. If the sellers are not there, they buy hard to get prices up and away from that price zone quickley before competing buyers have a chance to come in. This is how they "lock in" the bargain prices they just scored. Now comes the herd following and pushing prices up.

These traders rarely lose. They have massive capital and can weather the massive cost of buying and selling against the trend.

"End Game"
http://video.google.com/videoplay?docid=1070329053600562261&...

This is one of the reasons I support Ron Paul. With all the people losing their houses and having difficulty making the payments, what's going to happen when the taxes are increased to pay for universal health care?

With house prices going down, the house taxes should be going down too. That might help some people with their payments.