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The Twelve Steps

hedgeless_horseman's picture





 

The Twelve Steps
 

  1. We came to understand that our government is powerless over its spending - that our nation's debt had become unmanageable.
  2. We came to believe that a power greater than our fiat currency could restore us to sanity.
  3. We made a decision to turn our savings and our investments over to the care of gold, as we understand gold to be a physical asset - not a paper promise.
  4. We made a searching and fearless inventory of our wealth.
  5. We converted to gold, to Krugerrands, and to Maple Leafs, the fiat paper assets of our wealth, thus eliminating our counterparties.
  6. We were entirely ready to have gold remove all risk of default.
  7. We humbly asked the coin dealer to reduce our exposure to The Inflation Tax.
  8. We made a list of those politicians that expose us to The Inflation Tax, and became willing to work against them all.
  9. We gave direct support to Libertarians whenever possible, except when no Libertarian is on the ballot, and then we voted against the incumbent.
  10. We continued to create wealth through our own industry, and then we converted it to gold, and promptly buried it.
  11. We sought through silver coins to increase our contact with precious metal, as we understand silver to be a physical asset - not a paper promise, paying for as many day-to-day transactions with silver as possible, using our credit card (not debit) for what was not, and paying off the entire balance each month.
  12. We, having had a fiscal awakening as the result of these steps, tried to carry this message to others, and to practice these principles in all our affairs.

 

 

 


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Sat, 01/19/2013 - 11:22 | Link to Comment shovelhead
shovelhead's picture

I find this talk of a slow inexorable slide into poverty and despair a bit disturbing.

Sounds too Modern European for my taste.

Damn it men...We're Americans! We demand a Cataclysmic Apocalypse with a target rich environment.

It's what we do.

Can you see John Wayne panhandling for a crust of bread?  HELL NO!

Gary Cooper trading hand jobs for rice?  HELL NO!

DEMAND YOUR RIGHTS TO KILL AT RANDOM.

It's the American Way.

Sat, 01/19/2013 - 13:10 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

We demand a Cataclysmic Apocalypse with a target rich environment.

Those that fought for, and against, Lincoln, Stalin, and Mao might say to be careful for what you wish.

Sat, 01/19/2013 - 01:49 | Link to Comment moonstears
moonstears's picture

13. We watched as the political class(shitbags?) received their payoffs, and all was well for the proles awaiting our much needed EBT cards and section 8 vouchers, being sure to pay our carbon credits for breathing a sigh of relief .

see>>>http://finance.yahoo.com/news/al-gore-nets-another-fortune-164510966.htm...

Fri, 01/18/2013 - 20:16 | Link to Comment NoTTD
NoTTD's picture

13. In IL, we watched as our state legislature passed a law to restrict trade in precious metals so that a paper trail guaranteed they would know its location at all times.  Like our guns.

Sat, 01/19/2013 - 03:22 | Link to Comment q99x2
q99x2's picture

I sold my gold and silver to Joe S. at an AA meeting. He said he was visiting from out of town.

Sat, 01/19/2013 - 06:37 | Link to Comment Mountainview
Mountainview's picture

Possible alternative: Buy CNY, however you can !!! (CNY=Renminbi ETF)

Fri, 01/18/2013 - 22:11 | Link to Comment knukles
knukles's picture

Land of the Lizard People

Fri, 01/18/2013 - 22:35 | Link to Comment willwork4food
willwork4food's picture

actually the girls are pretty hot...

Fri, 01/18/2013 - 20:13 | Link to Comment robnume
robnume's picture

Support Libertarians? When hell freezes over. Independent is the way to go. No God, or Koch Bros.

Sat, 01/19/2013 - 15:37 | Link to Comment Freedomtosayno
Freedomtosayno's picture

Koch Bros. are trying to co-opt the liberty/Libertarian/freedom movement. Libertarians are classical Liberals, ei: Jefferson, Locke, etc. Koch’s are part of the oligarchy; don't fall for the false Left/Right paradigm...

 

Fri, 01/18/2013 - 19:26 | Link to Comment ramacers
ramacers's picture

13. we formed a firing squad in the sky and keep it busy 24/7.

Fri, 01/18/2013 - 20:02 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Don't borrow. Ask for help. Go to meetings.

Fri, 01/18/2013 - 19:18 | Link to Comment Diamond Jim
Diamond Jim's picture

gold only has a value because someone says it is valuable and we believe it. Granted it is scarce and looks real pretty when pure. We do this with diamonds as well. But when things go real bad, like in a busted economy you cannot eat your gold and get much life sustaining nutrition, you will want food, water and shelter. The point is, you may not be able to "sell" your PM for what you thought it was worth or even what you paid for it, or exchange it for food, gasoline or bullets..I'll take that 1 ounce of gold and give you a quart of milk....fair ??  Sort of like having a piece of paper that says you own 50 shares of XYZ. The market goes in the crapper and it is only a piece of paper you can use in the "john". Gold is only valuable when it has liquidity...ie. someone else thinks it is worth more than you do and will give you dollars, food, shelter  or tequila in exchange.

In my view, if we have come to realize as the author of the article here does that gubmint has screwed up and we are on the path to doom, why are we buying gold, gold, gold.

The post by Wave-tech from above has it right...he has a plan of action, but he too may be too reliant on things that are said to be "valuable" today that might not be in a decade. I'd rather buy some good farmland, put up a log cabin and grow my own if doomsday is right around the corner.

Sat, 01/19/2013 - 15:39 | Link to Comment foxmuldar
foxmuldar's picture

And what are you going to buy that piece of farmland with? That paper dollar  that's not worth the paper its printed on. Gold has always had a value and continues to grow in its worth. When America goes in the tank, only Gold will have a value. Your dollar wont be worth shit. 

Sat, 01/19/2013 - 05:15 | Link to Comment smacker
smacker's picture

IMHO, PM's are a place to store wealth before a fiat currency goes down the flusher and inflation takes over which leads to its collapse. PMs should see you thru that until the govt introduces a new fiat paper currency with extra bells and whistles fitted as standard to inspire confidence in it. PMs would then fall in value over a period, assuming the new fiat was accepted.

But if the whole system collapses as you allude to (meaning society collapses), and there's nothing of anything to be had, God knows what value PMs might have in that scenario.

Fri, 01/18/2013 - 23:17 | Link to Comment Wave-Tech
Wave-Tech's picture

Gold and silver have value because they are the universal and organic FIAT of the people.

Fri, 01/18/2013 - 22:41 | Link to Comment Elmer Fudd
Elmer Fudd's picture

DJ, from your "yep ima gonna buy me some farmland bs" I can tell you are a downright moron.  Farm away, tuff guy.  Dont want your booze, want my food?  Got anything of value?  Probably not, at that point you'll rob and kill honest folk and justify it in your little socialist amoral mind.

Sat, 01/19/2013 - 08:46 | Link to Comment nickt1y
nickt1y's picture

DJ. The bad guys have habit of showing up at harvest time in large numbers for a rape and pillage festival at your place. You better have lots of armed friends, but how you gonna protect the crops ... ? 

Fri, 01/18/2013 - 22:27 | Link to Comment IAmNotMark
IAmNotMark's picture

Gold has value because all of humanity has said it is valuable.  It meets the needs of money better than any other substance (well...silver fits).  You can divide it, test it, melt it, stamp it.  And you can identify a common value between people around the world.  Diamonds do not meet these needs. Break a diamond with a hammer and your value has just changed quite a bit. 

I do not envision a day where I'll be trading an ounce of gold for a gallon of milk.  I do foresee the day of trading 1 - 2 silver dimes for that gallon.  And using gold to buy something larger.  Maybe a diamond.

Fri, 01/18/2013 - 21:11 | Link to Comment akak
akak's picture

 

I'd rather buy some good farmland, put up a log cabin and grow my own if doomsday is right around the corner.

DiamondJim, you are buying here into the strawman argument, so beloved of all the "mainstream", pro-establishment shills and propagandists, that the ONLY alternative scenario to a continuation of their beloved status-quo is "Doomsday" and the end of the world.  Do you REALLY believe that that is the only possible, or even likely, scenario?  I do not.  And in the case in which Armageddon is not the outcome, trade will still take place, and something will be needed to facilitate that trade, that something being money.  Gold and silver fill the role of that money admirably, that is, when governments do not attack and try to prohibit their use.

Sat, 01/19/2013 - 11:13 | Link to Comment rancher from So...
rancher from South Dakota's picture

I think perhaps there will be a paradigm shift instead of a haolocaust.... There are some real established producers out there and when this fraud ends they should benefit....It would be very hard to instantaneously become a real and established ag producer.....specially here.......not gonna do it by "buying  some farmland"........I'm 4th generation

Fri, 01/18/2013 - 21:24 | Link to Comment knukles
knukles's picture

Talkin' about doomsday... and I mean neither nuclear war or the Book of Revelations.
I mean solely the decline of empire.
Historically, the great empires did not extinguish rapidly as in overnight or a matter of weeks or even some short years.  The demise were gradual.  !0s and 50s of years. 
So in my mind, the probability of the doomer scenario is not that to which I ascribe the highest probability, but one of a slowly sliding, sticky molasses like sludge on hot days.
Prolonged and very painfully drawn out.
Which will be (as is now) accompanied by greater disparities across every measurable data set available... wealth, food, quality of housing, clothing, medical care, etc.  And increased breads and circuses to keep the loosers silent, increased repression and propaganda to misdirect the masses.

 

This is not a when will it happen are we there yet?
Its here now, you're living it real time and will continue along an increasingly dispiriting hateful divisive path long into the future.

To believe that arming oneself to the teeth, planning for the great floods or cashing out everything into some rare metals will pay off nicely across some brilliant horizon for a new wondrous after world just ain't fuckin' gonna happen.

This shit gonna be goin' on for a long, long time

 

Sat, 01/19/2013 - 11:20 | Link to Comment rancher from So...
rancher from South Dakota's picture

I'm curious how people on there think it will end..... I have a father in law who I respect that has been talking like a z-hedger since the late 70's....."It can't continue" yet here we are and it keeps getting worse.  We are absolutley razing productive peole/enterprises right now.   ....so again I'm curious how long does it take and how do we get back to rewarding production?.....I'm convinced that it starts with more honest money....by that standard we are absolutely running in the wrong direction.....like a hockey stick chart in the last vertical phase.  Can we run vertical for another 30 yrs?

Sat, 01/19/2013 - 11:55 | Link to Comment newworldorder
newworldorder's picture

Flow of OIL and cost of afordable OIL are the keys. As long either of these 2 dynamics does not change all is well. Once the US military is unable to protect the world wide oil flow. all bets are off.

These reasons are why our empire was formed and continues to exist. This and the unlimited firewall, lender of last resort that the FED provides  are why we are the reserve currency of choice.

The empire will continue for a long time, because the world needs it to continue for a long time.

Fri, 01/18/2013 - 23:27 | Link to Comment Wave-Tech
Wave-Tech's picture

Precisely Knukles - That is why prudence, balance, and reasonable contingencies are called for.  In the meantime, anyone with something of sustainable value to contribute toward righting the course of obvious wrongs adds to the likelihood of better outcomes in the real-time drag toward what now appears inevitable albeit perhaps not in our lifetime.

Fri, 01/18/2013 - 21:30 | Link to Comment akak
akak's picture

Exactly Knukles.

Collapse is a process, not an event.

Fri, 01/18/2013 - 21:33 | Link to Comment knukles
knukles's picture

(smooch)

Ever so nice for some sanity once in a while....

Sat, 01/19/2013 - 01:21 | Link to Comment willwork4food
willwork4food's picture

Right on Knukles-just like the Roman Empire ended.

Btw, what is the possibility of the capital of the RE and then... a few years later the Holy Roman Catholic Church being there? Umm.

Fri, 01/18/2013 - 20:59 | Link to Comment Wave-Tech
Wave-Tech's picture

Point well taken Diamond Jim- I am of the belief that one should diversify resources prudently with the understanding that conditions can and do change.  The more reasonable and practical contingencies one makes provision for, the better chances one has to prevail no matter which way the wind blows.

Fri, 01/18/2013 - 19:46 | Link to Comment Bohm Squad
Bohm Squad's picture

Short answer:  Barter is limited, money is needed.  Gold is money.

Sat, 01/19/2013 - 09:48 | Link to Comment unrulian
unrulian's picture

agreed gold is money....but barter has no limits, has been around for far longer than money...still exists and will always, money (PMs) is simply barter if you believe it holds value

Fri, 01/18/2013 - 21:20 | Link to Comment sunnyside
sunnyside's picture

This is the correct answer no matter how short.   I might change it it Gold/Silver is money, but then I'm probably just being a dick to put my 2 cents (or ounces) in on your eloquence.

 

Fri, 01/18/2013 - 19:13 | Link to Comment lakecity55
lakecity55's picture

"Keep coming back. It works if you work it."

Fri, 01/18/2013 - 18:33 | Link to Comment Manipuflation
Manipuflation's picture

Awesome, a Hedgeless Horseman post.  Always love those.  Maybe I can hide here so that Yen Cross doesn't keep beating me over the skull with his FX ????? ??? ????!"

Fri, 01/18/2013 - 18:21 | Link to Comment Black Markets
Black Markets's picture

If you were a 5 star general would you be "planning something"?

Seriously, if you guys think your country has been hijacked by a cloaked elite would you support a full blown coup d'état?

Or does that idea simply give you a headache as you battle with the deep conflicts your opinions are based on?

My country is great, our military service personnel are the best (<- cultural doctrine)

V's

My country is ruined, our leaders are criminals (<-conspiracy fascination)

Should the army "do what's right"?

Sat, 01/19/2013 - 06:43 | Link to Comment The Heart
The Heart's picture

To heck with all that hero stuff, what's on TV?

Snark off/

Fri, 01/18/2013 - 18:33 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

General Jack D. Ripper: Mandrake, do you recall what Clemenceau once said about war?

 

Group Capt. Lionel Mandrake: No, I don't think I do, sir, no.

 

General Jack D. Ripper: He said war was too important to be left to the generals. When he said that, 50 years ago, he might have been right. But today, war is too important to be left to politicians. They have neither the time, the training, nor the inclination for strategic thought. I can no longer sit back and allow Communist globalist infiltration, Communist globalist indoctrination, Communist globalist subversion and the international Communist banking conspiracy to sap and impurify all of our precious bodily fluids currencies.

Fri, 01/18/2013 - 19:19 | Link to Comment lakecity55
lakecity55's picture

We might be better off if the Joint Chiefs took a unanimous vote (required) to arrest the Usurper, Ozone.

I emphasize "might."

I know where we are headed now... Big Butch has announced any US Citizen who legally owns a firearm may be a terrorist.

Couple that with the "Patriot" Act and the NDAA, and as of today, any legal owner, anywhere, can be murdered by .gov.

We are not far from these folks going off hte track, IMO.

Stay Ready.

Keep Stackin'

Fri, 01/18/2013 - 18:06 | Link to Comment MrBoompi
MrBoompi's picture

I like this list except the part about libertarians.  I'm not exactly on board with that.

Fri, 01/18/2013 - 20:07 | Link to Comment Shell Game
Shell Game's picture

"I'm not exactly on board with that."

 

Products and participants of Mob Rule often fear 'Liberty for all'.  Rather, their game plan is to support Party and only the liberties they choose to enjoy, while taking the 'dangerous' liberty from others.  Libertarianism is unbridled freedom and honest money - and it scares the shit out of sheep.


Fri, 01/18/2013 - 18:09 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

What, exactly, is your concern?

Fri, 01/18/2013 - 18:14 | Link to Comment knukles
knukles's picture

Ego, contempt prior to investigation

Fri, 01/18/2013 - 18:22 | Link to Comment Angus McHugepenis
Angus McHugepenis's picture

Is this another one of those drinking games? Too late... I'm hammered already.

Fri, 01/18/2013 - 22:41 | Link to Comment willwork4food
willwork4food's picture

Hammered @ 17:22? Dude.

Fri, 01/18/2013 - 18:04 | Link to Comment Seasmoke
Seasmoke's picture

i will no longer feel sorry, for anyone who is eaten up by the machine

Fri, 01/18/2013 - 22:33 | Link to Comment willwork4food
willwork4food's picture

Not everyone has the financial capacity to feed their family, work full time and buy guns & PMs, just because their daddy left them a nice chunk of change.

Sat, 01/19/2013 - 00:23 | Link to Comment WTFUD
WTFUD's picture

All my daddy left was a black eye for mamma and a slight stuuutttter for me. stacking gold&silver at every opportunity content in the knowledge that my own daughter got a leg up from daddy.

Sat, 01/19/2013 - 01:14 | Link to Comment willwork4food
willwork4food's picture

Right on man, I wish you well. I see so many cocksuckers that think their shit is hot and tight because of an inheritance, or priviledge that makes them special so they can look down at the losers that don't have shit compared to them because their daddy's just got by.

Fri, 01/18/2013 - 17:55 | Link to Comment WhiteNight123129
WhiteNight123129's picture

We did the best that was possible to be done under the circumstances...

 

Fri, 01/18/2013 - 17:52 | Link to Comment knukles
knukles's picture

"Rarely have we seen a person fail who has thoroughly followed our path..." 

Do NOT follow this link or you will be banned from the site!