Of course, you're dead right.

Any monetary system that isn't backed by assets is doomed to corruption and failure, it always has been in the past and it always will be in the future.

The dollar is nothing more than a ridiculous Ponzi scheme, which only keeps running so long as you have marks to keep duping.

It's just common sense, debt based fiat systems require continuous growth in order to survive, thus they are doomed to failure in a world of finite resources.

The current financial crisis has a long way to play out yet, you see the whole system of derivatives is very highly leveraged, lots of different corporations make massive bets on leveraged derivatives, but they hedge against failure using opposite bets, this works fine until one player no longer has the funds to pay off their obligations, then the hedge breaks for another player and so the dominoes fall.

I suggest everyone invest in physical gold and/or silver, that's REAL money.

Also don't be fooled by the newspeak language of the media, when they say a failing corporation has been "nationalised" they really mean to say that it's gone bankrupt and we're going to get joe public to settle the books.

It's all just criminal behaviour, if any one of us got caught printing money we'd be severely repremanded, wheras the "federal reserve", which by the way is just a private corporation, has the right to print money willy nilly, it's just f*ckin RIDICULOUS!

I suggest everyone invest in physical gold and/or silver, that's REAL money.

Yucca, your advice is sound. Gold and silver are "real" money, but the United States government confiscated gold once already during the depression. They can easily do it again. They probably won't bother with silver, it's not as valuable; but I believe gold will be confiscated again.

Just my personal opinion, don't put too much value in what I write.

Yucca, your advice is sound. Gold and silver are "real" money, but the United States government confiscated gold once already during the depression. They can easily do it again. They probably won't bother with silver, it's not as valuable; but I believe gold will be confiscated again.

Just my personal opinion, don't put too much value in what I write.

You're right ResinRat2, prohibition will probably be implemented on gold and maybe even silver because what's unravelling will make the old depression look like a walk in the park. I think/hope we'll be safer in Europe with regard to prohibition but if you want to keep gold safe in USA then it may be wise to stash it by burying seperate coins in seperate locations. I can't think of any better way to safeguard wealth during the times that may lie ahead, land and property is easily snatched as are bulky assets.

didn't know that...
crazy....
My dad is a big survival nut i grew up listing to how the gov can collapse and what i should do an all that
but i thought it would never happen or a least not in my life time.
Now I'm a little nervous the economy is really in trouble. people should be able to be self sufficient cause when the water goes off and the trucks stop running.....
Anybody read "TEOTWAWKI"
or "LIGHTS OUT" good books, scary

Habsburger:
 Karl V,CarlosV
 Joachimsthal
 Silber

 The silver-coin, called "Silber-Thaler", had been the standart value for our ancients in Europe and
with the colonization also for the "NEW World" !
The possession of gold was only allowed to the "nobilitas"-members !
The expression "Thaler" is now the New-English "Dollar", Pidgin/Kreole-German !

The "Wall-Street"-Sector is , in reality, also not more important:
the financial system is today 100% virtual, the headquarter could be a yacht in the caribic sea !
The problem:
They are giving credits to creditated "papers" about credits ,triple-leverage.
 
Do not take this men for serious !
1933: people like this Wall-Street"brokers" received tickets for "final holiday"-camps,
with mind and body concentration !
75 years later : which decisions ?

CdL

Largest bank to go under in US history.

http://www.mail.com/Article.aspx?articlepath=APNews\General-Business\20080926\Washington-Mutual-Future.xml&cat=money&subcat=business&pageid=1

JP Morgan company is buying everything up. You think there might be some coincidence here???

Washington Mutual was the bank that always advertised on TV and radio. Whooo Hooo -- WaMu!!!

Killed by all the rotten loans they made that were guaranteed by the US Government. Why should they have cared, loan to anybody and everybody, IT"S GUARANTEED!!!!!!!!!

Brainless idiots!!!!!!!!

Oh wait... that implies they didn't know what they were doing.

The scary part is, they know what they are doing.!!

Do not forget that GOD is in control here.  Everyone is so worried about the damn economy and I haven't heard a word about GOD here.  GOD save us!  GOD help us!  Put you faith in GOD and not the damn economy...

Yes, God is in control; and anyone who looks honestly at the United States will see the evil that has been growing within this nation. From the destruction of tens of millions of unborn to the rise of perverted values and desires, this nation no longer deserves God's mercy. They flaunt their sins and deny The Holy Spirit on Youtube. They no longer understand what money is, or what freedom is, or even what their government is supposed to be. They ignorantly call it a "democracy" and try to steal as much of the government pie as they can. The whole system has become corrupted by greed and sin; and now the Dollar is crashing in its value. A symptom of excess spending, debt, and dumping the responsibility for it on their grandchildren. Evil to the max, evil to the core; the WWII generation and beyond no longer deserved or understood the gift of freedom they had been given. We have no one else to blame but ourselves.

Pray for God's mercy.