Americans Without Gold & Silver Will Literally Starve as Crisis Accellerates

Submitted by SD Contributor AGXIIK:

The choice of presidential candidates today is a choice between debt default in 2022 or 2024. That math is that compelling and incontrovertible.  Every empire in the history of mankind has gone this way.  We will just be one more huge steaming  FIAT cow pie on the historical road to Perdition.
What happens when the velocity of money, now at a depression era lows, accelerates 5-10 times over?   There’s $1.5 trillion in banks. If that is released and with leverage becomes $15 to $75  trillion, we will see inflation, PM values and food prices explode.  Grandma won’t be crapping her Depends over this.  She will be starving. And just because she’s old does not mean she will go down without a fight.

One out of five people in this country don’t have money for food. They are running out money before they run out of month and depend on food banks. These folks live paycheck to paycheck.  The ‘pain at the pump’ will make miserable the lives of the 99% of the people without precious metals. They, like the Portuguese, will be selling their wedding rings for food.

 

A note about Spain and Greece and their terrible fiscal/ debt situations.  Millions of people are taking to the streets over lack of jobs, imploding wages and exploding prices.  A group of unionists have stripped grocery stores of their food inventory in Spain.  And this is all happening while gold and silver prices are relatively lowWhat happens when the velocity of money, now at a depression era lows, accelerates 5-10 times over?   There’s $1.5 trillion in banks. If that is released and with leverage becomes $15 to $75  trillion, we will see inflation, PM values and food prices explode.  Grandma won’t be crapping her Depends over this.  She will be starving. And just because she’s old does not mean she will go down without a fight.
One out of five people in this country don’t have money for food. They are running out money before they run out of month and depend on food banks. I contribute to one regularly. These folks live paycheck to paycheck.
PM prices will ramp upwards when money and its velocity increases exponentially. But the ‘pain at the pump’ will make miserable the lives of the 99% of the people without precious metals. They, like the Portuguese, will be selling their wedding rings for food.

But grandma will not starve when the actions of central bankers and their cronies in the private sectors create 10% inflation a month and turn her Social Security check into confetti.  Granny will get her gun and eggs won’t be on her mind on that fateful day.
As for the entitlements and obligations totaling $100 trillion that our government has committed to over the last 40 years, this government we love so well for its emoluments and largess will inflate us to debt laden penury without a moment’s thought. The elites in our government are ghouls who care not one wit for the people.  We are screwed unless we get into physical metals and do in quickly and in as large an amount as possible.  You can’t go bankrupt owning silver and gold.  But you can live a live without counter-party risk.

The choice of presidential candidates today is a choice between debt default in 2022 or 2024. That math is that compelling and incontrovertible.  And none of these elites with give a rat’s a** if we expire due to their spending policies.

Every empire in the history of mankind has gone this way.  We will just be one more huge steaming  FIAT cow pie on the historical road to Perdition.

Comments

  1. Poll question:  How many ounces of silver does a single individual need to protect themselves in the coming financial crisis?

    • Pretend your filling out a life insurance policy.  How much coverage do you feel you may need someday in a worse case scenario?
       
      I’ve always liked the plans with the most Zeros in them.

  2. AG12K…you made me get out my dictionary. ‘Penury’, ‘Emoluments’.  Obviously, I went to public school.

  3. You know as much as I inform everyone about Silver and or Gold. They just blow me off. So, I will just sit back and watch the show unfold and when sh*t hits the fan and all those start panicking and attempt to get in touch with me. I will just say? “I am sorry there is nothing, I can do for you.” You should have listened.

    @Last you can never buy enough Silver. I buy what I can and sell what I need to sell to pay bills and keep the family household running smoothly. Keep buying it up and prosper.

    One day? We will be like Mike Maloney who stated that people will be able to buy a median size home for 50 oz of Silver one day. 

  4. Poll question:  How many ounces of silver does a single individual need to protect themselves in the coming financial crisis?


    More!

  5. Poll question:  1000oz would be a good start. 
    In the Great Depression cash was king.  Of course back then cash=gold/silver.  So, this time around cash will be trash.  You’ll need the real phyzz.  I think if you play this right you can come out the other side very wealthy.  Many did during and after the Great Depression.  Accumulate all the phyzz you can now.

  6. The choice of presidential candidates today is a choice between debt default in 2022 or 2024. 



    :)
    That long from now? I like to think of which canoe (D or R), of which both are paddling fast, will go over Niagara Falls first.  Different sections of the Falls, but the same outcome.  Then I also see Ron Paul speed away up river in his speed boat full of G&S.  It should all be over before the end of the year.  Be ready now.

  7. In the “Great depresion” aprox. 15 million dead of starvation. In the Great Depresion 80% of the U.S. propulation lived in rural areas – Today 80% urban (2000 census). In 1929 the currency was backed by gold and our coins were silver – Today currency backed by promise to tax the people, the coins made of non precious metals. USA population 121,767,000 – today nearly 300,000,000! 1929 debt/GDP = 16.3, today – 100+%.  These stats and many others are truely chilling! Most of the advantages that our G. Grand parents and their families had that helped them through the depression are now gone!

    • 46.5 million people receive gov’t food assistance in the U.S. today.  You don’t see the food lines of the Great Depression because it’s all done with debit cards administered by guess who…JP Morgan Chase.  Chase makes money off both ends of the economy.

  8. Well, Americans without gold or silver could have stockpiled storable food, then they wouldn’t starve.  If you can’t afford gold or silver, store food & water!  And if you can, store food & water first!  Definitely good as gold, or even better.  Still, one has to remove one’s head from the sand to contemplate any such things which sadly many people just aren’t ready to do yet…
    My spell check does not consider “storable” a real word.  Clearly, my computer is not a prepper.

  9. The American way of life is away and done with. This clearly explains the enitre predicament facing the Americans and it is time that they wake up

    Silver $31 is a crucial level once it trades three days above this then the stock is on its way to rock and roll. IMO the underperformance of silver to gold since 1980 will be played out over the next few years as silver plays catch up. (remember gold has more than doubled from its 1980s high of 800 while silver barely achieved its 1980s high of $50.
    This time out silver because of its compelling fundamentals of frenzied demand, vanishing underground resources and virtually non existent overhead supplies makes for a perfect storm in a tea cup.
    The first clue to the storm shaping up is the drop in silver mining in the US by 14% for the H1fy2012. The Latin Americas (43% of global production) are hell bent on nationalisation and the frequent flash strikes in their mining belts can lead to acute silver shortages which can cause spikes in the silver prices.
    IMO silver is the best investment of this decade and maybe the next also.

  10. It’s always gratifying to hear how so many people are getting ‘IT’ 
    Storable?  Hmmm, probably on the DHS word check list.  There are lots of good stats from the posts. 
    My default 2022 or 2024 guess was more a matter of being a wisea**. The tipping point of a defacto default could happen much sooner but the resulting warp speed printing could push off a day of reckoning by 10 years from now.

  11. In the past (historically), a roman soldier would receive one Denarius coin (1/10 ounce) for a days labor – that would feed him and not much else.  If you want to live better than a soldier assume 1 ounce per day for a professional/executive. Over a 35 year career that is about 7000 oz.  Two thousand ounces per family member is a minimum I suggest, 5000 is very good, and 7000 means you’ll never have to work again. 

  12. I know I don’t have anywhere near enough silver but I  have been using my meager budget to stockpile food staples. More silver is on the shopping list unless the price gets to high.

  13. “And just because she’s old does not mean she will go down without a fight.”

    Damn straight, AG!  As a member of the Oldster Brigade, let me inform our younger members here that just because a person is old does not mean that they will take any crap.  Fact is, we’ve seen more crap in our lives than most of the young pups can even imagine; we’re mad as Hell about it and we aren’t gonna take it anymore!  Experience is knowledge and knowledge is power… so don’t f*** with us!  LOL!!
     
    As to stacking silver, it’s one of the best ideas ever.  Silver is REAL money.  So is gold, although it is spendy.  Most anyone can buy some 90% US silver coins from time to time and the more the better.  I foresee a time in the not too distant future when there will be 2 kinds of stores out there:  government type stores with poor selection and lousy quality that takes whatever passes for fiat then; and nice stores that have fresh meat, produce, bakery items, and much more but ONLY if the shoppers have REAL money to spend.  Got silver?  You’d better, if the height of culinary delight in your life is to exceed the standards of a 5-year old MRE!

    As to the time when economic collapse becomes obvious to even the most oblivious Sheeple, my bet is still on the 2014-15 time frame.  No data but the feel of it is right.  I have learned to trust my feelings in such matters, as they are seldom wrong.  I ignore them strictly at my peril.

     

  14. Ed B  We can form the Geezer Brigade.  Locked and loaded with all the stores we require.   I think you’re right about the 2014-2015.  We maybe able to print print print but there that won’t stop the day of reckoning.  I’ll work with your time deadline.  I’m not patient enough to wait a decade.

  15. Americans have at least some gold bars inside Fort Knox but the Canadians doesn’t have any gold reserve. But they sure have a big untouched land located in the north of Canada. Maybe they’ll use resources from the north to survive. Anyway, What about Canada? Can anyone describe me about what will happen to Canada during that time?

  16. Canada and the  US are blessed geographically with abundant natural resources—more than any other country in the world. We both share some common heritage, our common language and ancestry. Even if our destinies took different paths we are quite similar.  I am a  Canadian and US citizen.  IMO Canada will suffer from some of the same government predations as the US but less severe than ours since your financial system and economy are generally better off than ours.  If I recall, the Canadian government gave much of the Yukon and North West Territories to the First Nations.  That enormous landmass is so resource rich  I imagine Canadians will do quite well if they don’t sell all the goodies  to the Chinese or allow American forces to intrude across the border. I would rather be in Canada than the US if the wheels come off south of the border

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