HomeHome  CalendarCalendar  FAQFAQ  SearchSearch  MemberlistMemberlist  UsergroupsUsergroups  RegisterRegister  Log inLog in  

Share | 
 

 Next IMF meeting about China

View previous topic View next topic Go down 
AuthorMessage
Diesel Dan

avatar

Posts : 1151
Join date : 2013-02-28
Age : 46
Location : Columbia TN

PostSubject: Next IMF meeting about China   April 27th 2015, 10:09 am

What are peoples thoughts and concerns about the up coming IMF meeting concerning China?

I've heard for years that the BRIC countries (Brazil, Russia, India, China) were amassing precious metals, resources etc to make a global push at getting their currency recognized as the standard instead of the US dollar. Which of course could drastically devalue our dollar.

If this meeting is just one step closer for the change how can the average person prepare?
Short of actually holding precious metals all of our 401K investment funds are US dollar based, correct?
Back to top Go down
View user profile
TheQuig

avatar

Posts : 1615
Join date : 2013-02-28
Age : 64
Location : The Jersey Shore

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 11:33 am

Gold and Silver will be the metals to have when the dollar collapses. I'm reading an interesting book right now the death of the dollar by Rickard. China and Russia are collecting all they can as well as Brazil and India. Once the U.S. dollars dies, the world will be in shambles. Don't let your bank hold your metals, as they will close their doors in this event.

____________________________________
Don't believe everything you read on the internet- George Washington.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 11:44 am

$10k USD for a loaf of bread. Baltimore is childsplay.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 11:58 am

China and BRICS is now a formidable challenger to the IMF and the western financial monopoly.  The IMF has two initiatives.  To get in, not missing out on any cash flow exploitation that favors them and their connection of criminals, the second is to identify ways to subvert and attack what China and BRICS is putting together.  It's like another mob family moving into your territory.  Proceed with caution.  

While the US is trying to find new countries to bomb.  Other nations are slowing and incrementally increasing their wealth and will be the new financial forces in the globe.


Last edited by joemac on April 27th 2015, 12:09 pm; edited 1 time in total
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 12:08 pm

Diesel Dan wrote:
Short of actually holding precious metals all of our 401K investment funds are US dollar based, correct?

Prepare? Food, water, shelter, land, ammo.

The stock market is based on USD, thus the market as always been a good hedge on inflation or fluctuation in currency value, as the price of a commodity will adjust accordingly higher compensating and providing some risk adversity to inflation.

Now a collapse, that's different. Stock markets crash. Having anything in paper form is a good as gone. The Federal Note we call money in the US is likely going to be worthless, as the US was finally removed from the gold standard under Nixon. It's a fiat currency, the only reason it has value is because of the US governments track record of being able to pay back notes, faith. FDIC insured accounts for hundreds of millions of people? No chance to get it back from the federal government, they don't have the money, the only way they get the money is from us. Forgetaboutit.

Money? Water, coffee, sugar, flour, vegetables, fruit, ammo, maybe gold and silver. How many of your 100 closest neighbors have gold or silver? Very few. Money is going to be whatever they have.
Back to top Go down
View user profile
TheQuig

avatar

Posts : 1615
Join date : 2013-02-28
Age : 64
Location : The Jersey Shore

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 2:57 pm

Diesel Dan wrote:

If this meeting is just one step closer for the change how can the average person prepare?
Short of actually holding precious metals all of our 401K investment funds are US dollar based, correct?


Sort off. After the last economic collapse, the U.S. has put out 3 trillion paper dollars to keep up with the economy. The economy needs inflation, as crazy as it sounds. The U.S. government would like to have 2 trillion more dollars printed without gold backing to create false sense of security. 401K's are investments. Once the investment fail, the 401K will be useless.
The U.S. dollars is the worlds denomination. Once the collapse of the dollar happens, other countries will look to who ever holds the currency backed by gold.
The people in this country that will be hurt the most are people that depend on their social security, pensions, and 401K investments. In other words, only rich people can afford to stock up on enough gold and silver while still living with paper currency.

I'm in the same boat as everyone here. Yes, I have gold and silver, but not enough for an extended time.

____________________________________
Don't believe everything you read on the internet- George Washington.
Back to top Go down
View user profile
TheQuig

avatar

Posts : 1615
Join date : 2013-02-28
Age : 64
Location : The Jersey Shore

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 3:00 pm

joemac wrote:
Diesel Dan wrote:
Short of actually holding precious metals all of our 401K investment funds are US dollar based, correct?

Prepare?  Food, water, shelter, land, ammo.

The stock market is based on USD, thus the market as always been a good hedge on inflation or fluctuation in currency value, as the price of a commodity will adjust accordingly higher compensating and providing some risk adversity to inflation.

Now a collapse, that's different. Stock markets crash.  Having anything in paper form is a good as gone.  The Federal Note we call money in the US is likely going to be worthless, as the US was finally removed from the gold standard under Nixon.  It's a fiat currency, the only reason it has value is because of the US governments track record of being able to pay back notes, faith.   FDIC insured accounts for hundreds of millions of people?  No chance to get it back from the federal government, they don't have the money, the only way they get the money is from us.  Forgetaboutit.

Money?  Water, coffee, sugar, flour, vegetables, fruit, ammo, maybe gold and silver.  How many of your 100 closest neighbors have gold or silver?  Very few.  Money is going to be whatever they have.




I agree. In 1978 Nixon removed the gold standard. If gold were priced at it's real value, you will see your gold be worth 10 times of what it is now worth.

____________________________________
Don't believe everything you read on the internet- George Washington.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 7:31 pm

TheQuig wrote:
I agree. In 1978 Nixon removed the gold standard. If gold were priced at it's real value, you will see your gold be worth 10 times of what it is now worth.

This is why they've been artificially keeping the price of gold in check and the dollar value high. They've been naked shorting gold, and lie about real inflation. You can spot this when there are huge swings in the price of gold in a single day. This keeps the dollar where they need it to keep the rest of the lies afloat. They can't let interest rates rise, as as interest will consume an exponentially greater amount of tax revenue.

The Hows and Why's of Gold Price Manipulation

We can see the real value fiat money everywhere. Food, vehicles, homes, consumables. Inflation at 2% annually? Even if where true at this rate, my income hasn't increased 20% over the last 10 years to compensate for inflation alone. I would imagine most of the working class middle America is in the same boat.

A collapse. Think Baltimore x 100. Inner cities, zowza.
Back to top Go down
View user profile
Truth
Admin


Posts : 157
Join date : 2013-02-27
Age : 60
Location : NC

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 7:44 pm

What would happen to China, or most countries, if the US stopped buying from them? As for gold, if the shtf the hot commodity will be food and weapons. Best not let anyone know if you have either.
Back to top Go down
View user profile
theshyguy



Posts : 781
Join date : 2013-04-24

PostSubject: Re: Next IMF meeting about China   April 27th 2015, 11:33 pm

Food, shelter and weapons will be the only worth having. You cant eat gold or silver. At least with dollars your wipe your rear.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 28th 2015, 9:33 am

theshyguy wrote:
You cant eat gold or silver. At least with dollars your wipe your rear.

With gold you could buy multiple thousands of worthless USD's to wipe your rear.
Back to top Go down
View user profile
TheQuig

avatar

Posts : 1615
Join date : 2013-02-28
Age : 64
Location : The Jersey Shore

PostSubject: Re: Next IMF meeting about China   April 28th 2015, 12:03 pm

I need more food, I'm covered on weapons, could use some more metals for trade.

____________________________________
Don't believe everything you read on the internet- George Washington.
Back to top Go down
View user profile
Diesel Dan

avatar

Posts : 1151
Join date : 2013-02-28
Age : 46
Location : Columbia TN

PostSubject: Re: Next IMF meeting about China   April 28th 2015, 12:22 pm

TheQuig wrote:
I need more food, I'm covered on weapons, could use some more metals for trade.

Sad to say that if there is major turmoil and down turns it will only be a stop gap measure.
You'd have to be a serious prepper/hoarder to have enough for long term. If you live in a populated area good luck keeping your stuff a secret and/or secured.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 28th 2015, 5:45 pm

In a civilized society, trading, and bartering with neighbors and local communities isn't an issue. We used to do business this way in the US. Baltimore however seems uninterested in participating in society as civilized, moral people. Looks more what one to expect to find in the Congo.
Back to top Go down
View user profile
TheQuig

avatar

Posts : 1615
Join date : 2013-02-28
Age : 64
Location : The Jersey Shore

PostSubject: Re: Next IMF meeting about China   April 28th 2015, 11:10 pm

I've been to Baltimore recently, what a mess. Johns Hopkins is not in a nice neighborhood. Why work when you can steal and get away with it?

____________________________________
Don't believe everything you read on the internet- George Washington.
Back to top Go down
View user profile
Diesel Dan

avatar

Posts : 1151
Join date : 2013-02-28
Age : 46
Location : Columbia TN

PostSubject: Re: Next IMF meeting about China   April 29th 2015, 12:17 am

It is not just Baltimore.
It is the welfare mentality that has taken over so many cities across the US.
Look at some of the looting photos of people stealing toilet paper. While it is sad that your situation is such that you have to take that risk to get free TP but taking a selfie with a $500 smart phone?!

Priorities people! A $25/month go-phone will get you a job the same as a wiz-bang smart phone.
Then again maybe that was a government supplied phone?
Back to top Go down
View user profile
pup

avatar

Posts : 1336
Join date : 2013-02-28
Age : 49
Location : Allen TX

PostSubject: Re: Next IMF meeting about China   April 29th 2015, 11:08 am

All of these escalating riots across the land it to get us accustomed to seeing the military in every corner.

There is an end game in play. This is just part of it.

Just like the current "gay marriage" push, this isn't about some getting extra benefits that can't get them now...it's going to end up being about stripping current benefits from those who have them now. Wait for it.

Government does not, nor have they ever, granted freedom. They only restrict it. Usually at the cost of those who have it.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 29th 2015, 1:18 pm

It's a race to the bottom.  Who can devalue their currency faster.

Every central banks is printing and flooding money into the market.  Its the only way it keeps the scheme afloat.

http://www.telegraph.co.uk/finance/comment/jeremy-warner/11569329/Jeremy-Warner-Negative-interest-rates-put-world-on-course-for-biggest-mass-default-in-history.html

Negative interest rates, crazy stupid.  Remember back 30 years ago when you could put money into a CD and actually earn interest?  Remember when you could put money into savings and earn something appreciable in interest?  They've eliminated a legitimate income mechanisms for retirees or those wanting to conservatively save and build wealth.

Talk about a bubble.  Zowza.

Once you give away your freedom, rarely if ever get it back.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   April 29th 2015, 1:23 pm

Forget what they say. Pay attention to what they do.

Observe where the gold is flowing. Entities don't do this in this volume for no reason.

http://www.maxkeiser.com/2015/04/gold-flows-east-india-and-china-import-massive-quantities-of-bullion-from-switzerland/
Back to top Go down
View user profile
Diesel Dan

avatar

Posts : 1151
Join date : 2013-02-28
Age : 46
Location : Columbia TN

PostSubject: Re: Next IMF meeting about China   April 29th 2015, 1:43 pm

joemac wrote:
Once you give away your freedom, rarely if ever get it back.

Yeah, generally not in one generation anyway.
Back to top Go down
View user profile
joemac

avatar

Posts : 1916
Join date : 2013-04-17
Location : Texas

PostSubject: Re: Next IMF meeting about China   May 9th 2015, 1:01 pm

Diesel Dan wrote:
Yeah, generally not in one generation anyway.

Historically a lot of people die to get the freedoms that were conceded back.

Back to top Go down
View user profile
Sponsored content




PostSubject: Re: Next IMF meeting about China   

Back to top Go down
 
Next IMF meeting about China
View previous topic View next topic Back to top 
Page 1 of 1
 Similar topics
-
» Next IMF meeting about China
» China Hat Road
» uinted kingdom swingers meeting
» Doubtful website from China selling golf equipment online
» Worse than China

Permissions in this forum:You cannot reply to topics in this forum
 :: General Topics :: Around the Keg-O-Rator-
Jump to: