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The 'Big Reset' Is Coming: Here Is What To Do

Tyler Durden's picture


A week ago, Zero Hedge first presented the now viral presentation by Raoul Pal titled "The End Game." We dubbed the presentation scary because it was: in very frank terms it laid out the reality of the current absolutely unsustainable situation while pulling no punches. Yet some may have misread the underlying narrative: Pal did not predict armageddon. Far from it: he forecast the end of the current broken economic, monetary, and fiat system... which following its collapse will be replaced with something different, something stable. Which, incidentally, is why the presentation was called a big "reset", not the big "end." But what does that mean, and how does one protect from such an event? Luckily, we have another presentation to share with readers, this time from Eidesis Capital, given at the Grant's April 11 conference, which picks up where Pal left off. Because if the Big Reset told us what is coming, Eidesis tells us how to get from there to the other side...

First of all, what is systemic risk?

Typical Systemic Risks:

  • Wide-spread defaults, sovereign debt crises, devaluations, capital controls, bank holidays, etc.

How it usually happens:

  • No warning;
  • Emergency announcement over a weekend;
  • Drastic measures to “protect the public” against [insert suitable culprits];
  • Outcome- someone’s value gets expropriated.

Yes, it can happen here –it has in the past.

Usually, the best warning indicator of a major systemic "event" are soaring cross-asset correlations: something we are experiencing right now.

  • Crisis of 2007-2009 was a “High Correlation” disruption:
    • Multiple institutions and majority of the population were affected.
  • Reducing systemic risk called for lowering correlation, i.e. “firebreaks”, de-coupling, etc.
  • Instead, governments’actions since 2008 have been increasing correlation:
  • Fiscal Policies –sovereign debts are higher than ever and still growing fast;
    • Monetary Policies –broken price mechanism = system-wide misallocations and mispricings;
    • Too-Big-To-Fail –bigger than before the crisis;
    • Euro Zone Crisis –“solutions” keep increasing interconnectedness – a “mutual suicide” pact;
    • Financial Regulation –was supposed to reduce the risk but stalled through stiff opposition:
      • A single JP Morgan trader is reported to run $100 bln CDS book?!?!?!?!?! [ZH: now confirmed, and we all know the story since]
    • Lack of Transparency –more opacity since the crisis; mark-to-market remains suspended.

Everyone knows this but only few are willing to accept the implications; fewer still are willing to act.

What are the key systemic risks:

  • The already unfolding crises:
    • The Euro zone, Argentina.
  • Redistribution of wealth:
    • ZIRP –Taking from net savers for the benefit of net debtors.
    • Inflation targeting –Debasing debts at the expense of savers and bond holders.
    • Pending tax hikes for top earners.
  • Financial Marshall law:
    • FBAR and FATCA raise penalties and tighten reporting on all financial assets held offshore.
    • Argentina –Currency controls; “Dollar-sniffing”dogs at the airports and border crossings.
  • Governments co opt banks to police the assets within the system:
    • FATCA - all foreign financial institutions to report on all US customers or face 30% withholding.
    • Swiss banks have been firing US clients; deal on reporting is inthe works.
    • Swiss banks have agreed to report on their German and UK customers’accounts.


What to look for:

  • There are always losers and winners –many more losers than winners.
  • Majority has “normalcy bias” – tendency to underestimate risk of disaster.
  • Only a few heed the risks and make proper contingency arrangements.
  • Historically, financial disaster preparedness has enabled accelerated wealth creation.

Systemic Insurance is the only way to protect wealth from “High Correlation” events.

But more than anything, the one biggest giveaway is near endless complacency: the more the pros exhibit it, the closer we are:

  • Western economies have enjoyed V-shaped recoveries and domestic peace for over 65 years.
  • Mainstream investors have never experienced a “reset” or repression, financial or political.
  • Disdain for history and post-WWII Western exceptionalismunderpin collective hubris:
    • "There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.” - John K. Galbraith

Complacency is misplaced – despite apparent normality, the risks are high and growing.

One simple example of the true cost of systemic risks in vitro:

  • Analyze This: Crisis of September 2008 Without The Bailouts = ? $$,$$$,$$$,$$$,$$$

What's the big deal: they bailed us out before, they will do it again.

Wrong: "Due to massive new debts and politics governments’ capacity for future bailouts is limited."

Which means that systemic hedges should be used by everyone. At what cost though:

  • Price of Systemic Insurance = Probability of Disruption X Potential Loss Severity

As Eidesis notes: Insurance is cheap whenever consensus under?estimates the Probability of Disruption.

Or, worse, when the status quo is artificially keeping the price of systemic insurance low to prevent the general public from realizing just how precarious reality truly is. Remember:

  • "When it becomes serious, you have to lie" Jean-Claude Junker

So if we are handed cheap insurance options, where should we be looking? Long-time Zero Hedge readers likely already know the answer:


  • Ideal Attributes – Valuable, uniform, divisible, portable, storable.
  • No One’s Liability–Physical form, unlevered, non-financial custody; no reliance on capital markets.
  • Multiple Exit Strategies – Diversity of buyers; ability to exit via different currencies.
  • Geographic Diversification ? The only feasible way to manage sovereign risks.
  • Flexibility – Ownership arrangements must be actively managed to address evolving conditions

Exposure to Safe Haven assets via financial instruments IS NOT Systemic Insurance


  • Proven Safe Havens for preserving value through the “trough” of a crisis:
  • Real Estate – “Real” but immovable; not uniform, usually owned with leverage; easily taxable.
  • Diamonds – Valuable, portable and storable but neither uniform nor divisible.
  • Art, Antiques, Collectables – Issues with subjective valuations, authenticity and provenance.


Which leaves...

  • Precious Metals can preserve value through a crisis AND provide liquidity during a crisis:
  • Silver–“Poor Man’s Gold” but impractical for large sums.
  • Platinum –The bullion is not as readily available as gold.
  • Palladium –Somewhat esoteric.

GOLD –Always liquid, widely available, universally accepted, deepest markets, global pricing

Gold – 2,500-year unbroken track record of liquidity and “Safe Haven” performance.

But don't take our word for it... Or that of Eidesis. How about that of... the Federal Reserve:

Here is the FRBNY explaining why people own gold:

  • “For centuries, gold had a profound impact on history, as a symbol and a storehouse of wealth accepted universally around the world.“
  • “When people are worried about political instability, war or inflation, they often put their savings into gold.”
  • “Gold functions as a medium of exchange, particularly in areas where currencies are distrusted.”

Why the US government nationalized gold:

  • The 1933 prohibition against gold ownership “prevented hoarders from profiting after Congress devalued the dollar (in terms of gold)”by 41%.


What else does the Fed tell us:


  • “As of early 2008, the Fed’s vault contained roughly 216 million troy ounces of gold“–“about 22 percent of the world’s official monetary gold reserves.”
  • “The United States owns approximately 27 percentof the monetary gold”–“262 million troy ounces as of 2007.”
  • “A majority of [the U.S.] reserves is held <…> at Fort Knox, Kentucky, and West Point, New York. Most of the remainder is at the Denver and Philadelphia Mints and the San Francisco Assay Office.”


Which means that as we approach the date with the Grand Reset which Raoul Pal predicted could come as soon as the end of the year, and which Soros has as under 3 months and counting, there is only one question:


Do You Have Systemic Insurance?


Full Eidesis Presentation:



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Thu, 06/07/2012 - 21:29 | 2505898 flacon
flacon's picture

Can we burn our Keynesian economic books on a pyre of paper fiat money? 

Here is Keynes' equation boiled down to the basics: Government Spending = Production.

Thu, 06/07/2012 - 21:37 | 2505920 Hugh G Rection
Hugh G Rection's picture

The more money spent to more debt created upon the Sheeple of America, the cartel doesn't give a fuck about anything else.

Thu, 06/07/2012 - 21:40 | 2505928 SilverTree
SilverTree's picture


Thu, 06/07/2012 - 21:51 | 2505954 ZeroSpread
ZeroSpread's picture

Yes, Weekend!

Thu, 06/07/2012 - 22:23 | 2506021 mcguire
mcguire's picture

Gold: Never failed to perform in 2500 years..

except for 1933, when they confiscated it... 


Thu, 06/07/2012 - 22:51 | 2506067 JackT
JackT's picture

That, and when it's stored on a sinking ship.

Thu, 06/07/2012 - 23:48 | 2506195 DeadFred
DeadFred's picture

Funny, that's exactly what happened to mine.

Fri, 06/08/2012 - 00:47 | 2506287 nope-1004
nope-1004's picture

I was in San Diego airport not too long ago and there were an "abundance" of national patrols (forgot which one DEA, NSA, ???) and they had about 12 dogs with them.  I asked one of the guards what was happening, and he said "its a currency patrol.  We're looking for large sums of money leaving the country".  Not sure if it was related to drugs.  But sure as hell we've got currency controls now, just no one talks about it nor will pinhead Giethner or asshat Benocide publicly admit their fascist ways.


Fri, 06/08/2012 - 01:22 | 2506341 derek_vineyard
derek_vineyard's picture

are we winning the future?

Fri, 06/08/2012 - 02:22 | 2506393 Oh regional Indian
Oh regional Indian's picture

No Derek, we are losing the past, which might be worse.


Fri, 06/08/2012 - 07:50 | 2506627 j0nx
j0nx's picture

Do people junk you just because you are you? The comments you make are well thought out and legit yet you always seem to run a pretty solid junk ratio. I think you have some trolls that follow you around junking your every move.

Fri, 06/08/2012 - 02:53 | 2506421 prains
prains's picture

are we winning the future?


here'e your answer

Fri, 06/08/2012 - 06:34 | 2506539 Go Tribe
Go Tribe's picture

You can take as much money out of the country as you want, you just have to report it. Any unreported amounts over $10,000 are most likely related to drugs or other illegal activities.

Fri, 06/08/2012 - 09:38 | 2506936 Zaydac
Zaydac's picture

It is only the government that thinks large amounts of cash are necessarily related to illegal activities. Some people have a lot of cash because they no longer trust the banks.

Fri, 06/08/2012 - 11:23 | 2507426 Davalicious
Davalicious's picture

If you are a Jewish crook you export your cash via the Jew banking system (Wells Fargo can help you with this). The sniffer dogs, at airports, are purely for the Goy - aka white boy trash.

Fri, 06/08/2012 - 00:52 | 2506297 Oh regional Indian
Oh regional Indian's picture

In a panic the first thing that collapses is common sense. Just take one look at dependence on electricity. Grid failure = Chaos.

The only safe havens are either in-accessible or movable. I suggest a boom in Mil-spec motor homes as the next growth industry. 


Fri, 06/08/2012 - 06:50 | 2506551 BluePill
BluePill's picture

Vivek, please enlighten me something why such a degenerate BABA business men like you and other indians are living in society


Do you consider Darwin as wrong?, i do, you know why if he is true then degenerate indians would not alive today


I think indians are destined for something on earth, they are born to destroy every glorious thing that human being has ever created


Indians will corrupt the Art,education,society ,Music and every form of human expression until every Force of true spirit fades on into history and parasitism envelopes human society


But what happens when all productive men die?


Vivek , what happens then?

You cannot prolong parasitism, can you


You are born for the same specific reason , to die slowly with smelly diseases , i dont understand how such a degenerate society and individuals from such filth are allowed into west


50 years ago, you would be smelling your fecal matter and urinating on street and fiddling in temples now you were given a chance to enter and pollute the west


Jews know it, strangely they and you filthy subhuman specimen have something in common, both of you belong parasite species among humans

Ofcourse you have gypsie romani people have your sub race in parasitism


you feed feed and destroy every productive society without iota of  shame and disgust


No nuclear weapon can make you extinct you have swallowed Amrutha , and you were born for ultimate destruction and creating most filthiest degenerate society


Vivek, your contribution will make human being a degenerate species in coming years

Glad, that you are multiplying in more numbers, there is a reason for this , you are born to generate filth and pollute and corrupt this planet

There is a reason why Cockroach indians are destined to live in lavotary named india



But we today are allowing these cockroaches and turning our nations into lavotary like INDIA


Honorable citizens must realize the truth and Re-open gas chambers and these locusts if allowed to prosper will pollute our children and their lives


BABA vivek, how many women have you molested so far with your scientific baba business


Fri, 06/08/2012 - 10:19 | 2507087 CharlieSDT
CharlieSDT's picture

What a crazy motherfucker.

Fri, 06/08/2012 - 14:06 | 2508033 Prescient_Point
Prescient_Point's picture

Truly you are the scum of the earth. You racist idiot.

Fri, 06/08/2012 - 18:21 | 2508976 Au_Ag_CuPbCu
Au_Ag_CuPbCu's picture

Only 19 downvotes???  Really?

Tue, 06/12/2012 - 02:25 | 2517145 prains
prains's picture



you're not supposed to take the pill in the ass, swallow it first 

Fri, 06/08/2012 - 00:34 | 2506273 Vendetta
Vendetta's picture

same here. Damn it.

Thu, 06/07/2012 - 22:53 | 2506069 jeff montanye
jeff montanye's picture

in 1933 they only said turn it in. they never truly looked for it very hard. all real litigation on this were test cases on the legality of the law.  i would think hidden in a trunk in one's attic would have worked, maybe even in a bank safety deposit box that you were careful about.  certainly buried. 

people turned it in voluntarily.  there were considerable penalties on the books but no one really was prosecuted except for "volunteers".

and undoubtedly no one was kept from owning gold stocks (which beat the pants off bullion).

Thu, 06/07/2012 - 23:49 | 2506198 mcguire
mcguire's picture

true.  but what good is gold if you have to keep it buried...  

as for gold stocks, i think in "big reset" scenarios, stocks do not make the "safe asset" list... 

no doubt, gold is a really good safe asset...

but you can't say "it never failed in 2500 years".  it failed right here in america.  


Fri, 06/08/2012 - 02:36 | 2506409 LowProfile
LowProfile's picture

You're an idiot.

I know this because you are woefully ignorant on the subject of what people did with their gold during the GD, and only an IDIOT would post such blather HERE.

Europe doesn't tax gold.  Go ponder on why that's a tremendously smart policy.  Hint:  It has to do with crossing borders.

Fri, 06/08/2012 - 04:48 | 2506478 giggler123
giggler123's picture

I doubt gold makes it on the list either, like Diamonds, you can't cut it.  Well you can physically but who's gonna take 1/10 of a bar they no nothing about, no print of purity on it, nothing, just some yellow stuff.   I can see long ques at the supermarkets with checkouts having saws available, signs up saying please wait while others saw and a pay - NOT...


So I guess you're left to buy the 1g bars at a premium or tiny coins?


Fri, 06/08/2012 - 07:27 | 2506607 StychoKiller
StychoKiller's picture

Pretty sure you could create an account at the store in question with several WHOLE coins -- good until you siphon off the agreed amount of goods/services.

Fri, 06/08/2012 - 10:22 | 2507091 CharlieSDT
CharlieSDT's picture

Or just buy groceries with some silver dimes.

Fri, 06/08/2012 - 08:52 | 2506769 johnQpublic
johnQpublic's picture

in zimbabwe as the currency collapsed, they were using gold dust to buy bread

theres really no mistaking gold

all you need is a digital scale(10 bucks at harbor freight)

and a file

add 'em to your disaster preps

Fri, 06/08/2012 - 05:40 | 2506503 TPTB_r_TBTF
TPTB_r_TBTF's picture

gold doesnT "have to be kept buried", even if should it become illegal contraband.  It's just that then this gold contraband becomes less practical to trade/barter.  One would have to be very careful with whom one traded/bartered.  As in "black market".


Gold never failed in the history of mankind.

Gold never failed in the history of the US Citizen.

There, I said it!


Fri, 06/08/2012 - 08:02 | 2506654 lightning
lightning's picture

You are right, however, keeping gold truly depends on a person's financial position.  If you don't have much in terms of fiat dollars now, converting to gold is not wise.  Silver is a much better proposition.  If you do have money to spare (in terms of knowing you won't have to use it for essentials during the reset) gold is ok, but still carries with it a risk of exposure especially today when most people will leave some type of electronic record of there purchase making it easy for the government to track.

Fri, 06/08/2012 - 06:33 | 2506538 chubbar
chubbar's picture

I think it is a false assumption to think the authorities don't EVENTUALLY want to revalue gold to a MUCH higher price. If you think about it, what would be easier than to have a bank holiday and revalue gold to 100,000/ounce or higher. ASSUMING that the U.S. has it's gold hoard, which I have my doubts, this would not only wipe out the debt but also allow additional money to be printed. If they floated the price vs gold (freegold type concept) then there really wouldn't be any limits to printing, although it'd wipe out bonds/FIRE economy, which are going to get hit hard regardless. If the system were to truly reset then one has to imagine a follow on system MUCH different then the one we now have but also allow the money changers to make money in the process. If the price is being held down to enable other countries the ability to acquire some using their printing press prior to the reset then this makes sense as well. Once all paper burns we'd still be left with the ability to conduct international trade and rebuild economies.

Fri, 06/08/2012 - 06:40 | 2506543 Sabremesh
Sabremesh's picture

You own gold to retain your wealth, not spend it, so burying it for a prolonged period makes perfect sense.

There is a risk with any asset that someone might steal it - government confiscation is a form of theft - and you can't say an asset, including gold "fails" if someone steals it - it's not the gold's fault. Quite the reverse - the fact that somebody stole it attests to its value. 

Fri, 06/08/2012 - 07:21 | 2506599 Killtruck
Killtruck's picture

Damn right!

Fri, 06/08/2012 - 00:18 | 2506251 SuperCycleBear
SuperCycleBear's picture

That says more about your attitude to "them" than to gold!

Then the system was a gold standard now it is not. To get people to give up their gold now, they will need more than threats, they will need to find the equilibrium price...

Fri, 06/08/2012 - 06:30 | 2506533 Go Tribe
Go Tribe's picture

Exactly. That's why I don't understand this love affair with gold. System collapse, government decrees, you hoard anyway and use gold to buy food. Government catches you and throws you in jail, except "jail" is a large tent city in Wyoming surrounded by barbed wire. That's a safe haven????

Fri, 06/08/2012 - 06:53 | 2506554 Withdrawn Sanction
Withdrawn Sanction's picture

Gold: Never failed to perform in 2500 years..except for 1933, when they confiscated it...

It is precisely because gold DID perform exactly as it was supposed to that it was confiscated.  

If you want to run an inflationary fiscal and monetary policy, you cant also have a safe haven into which people can flee b/c sooner or later they will flee, which moots the policy of institutionalized plunder.


Fri, 06/08/2012 - 10:51 | 2507271 aphlaque_duck
aphlaque_duck's picture

People who lost their "gold" in 1933 didn't have gold, they has treasury deposit certificates:

Nobody's fizz was confiscated. That executive order was not implemented.

Fri, 06/08/2012 - 21:10 | 2509389 cannonfodder
cannonfodder's picture

While it is true that there were gold and silver certificates in circulation, there were also as many gold $10 and $20 coins (eagles) in circulation, and it was those which were removed as they were turned in at the banks.  The same thing happened 3 decades later with silver dollars, and the associated certificates.

Fri, 06/08/2012 - 14:13 | 2508066 Prescient_Point
Prescient_Point's picture

Just need to ensure that we are buying real Gold and not some Tungsten crap.

Thu, 06/07/2012 - 22:27 | 2506029 The Monkey
The Monkey's picture

Let's say somehow goverments stitch things together and event / systematic risk is mitigated.

Even so, why would anyone be long equities in this environment?  Embedded in the price of the stock market are forward earnings expectations that are way too optimistic.  Go fetch aggregate bottom-up forecasts and it will be clear to you that there is a huge problem staring the market straight in the face.

If the market is turning down for equities, we know lower grade corporate bonds and commodities are going to take a hit.

Regardless whether one thinks it's time to own gold, were not even close to a price point where US equities make sense - or nearly anything else that is positively correlated with them.

This is the easiest call on a bear market, maybe ever.  Amazing.

Thu, 06/07/2012 - 23:32 | 2506139 tahoebumsmith
tahoebumsmith's picture

Bring it BITCHEZ... I have a 32' diesel pusher painted in camo pulling a 19' self contained pop up for the kids. Both are packed with 12 months worth of food and I added a 100 gallon tank to the diesel which gives me 185 gallons total. This will at least get me to one of the 5 destinations I have previously mapped out. I have a solar system on the roof of the RV that will keep the refrigerator and freezer going at will. We have a very expensive reverse osmosis water system that will filter water up to .00001% from any water source using the solar power as well. I also have protection on board ,35 Cal bottle rockets and 9mm roman candles to scare away the bears, check, Gold, check...Silver, check...alcohol...check, tobacco, check... Yaun check.. Swiss Franc check, Canadian Maples check... I just put 40' of  pre drilled kevlar armor underneath that can be installed in less then 30 minutes, check. I have an escape plan as well, if you think you will be able to go East on HWY 80 when SHTF, think again. Bottom line is this, I can always eat the food and the gold and silver will always be worth close to what I paid for it, in do time. My family always has their bags packed and know they only have a 1 hour notice. Good luck, I'm not worried so much about a dollar collapse or Wall St. finally getting their butts handed to them as much as a #4 reactor in Fukushima falling in on itself or some kind of computer virus attacking the American electrical grid that would send everybody into CHAOS? I got less then 25k invested into this and personally feel it is more valuable then any other asset I own at this point. I'm not a prepper, just a parent with a plan...Do you have one?

Thu, 06/07/2012 - 23:51 | 2506196 Bananamerican
Bananamerican's picture

Tahoe, can you elaborate a little more on the solar/water system?

Fri, 06/08/2012 - 00:03 | 2506226 tahoebumsmith
tahoebumsmith's picture

Here is where I started with the unit.. What was purchased isn't the same as what I have as many modifications were made.

See you in the woods partner....

Fri, 06/08/2012 - 00:43 | 2506285 Golden1182
Golden1182's picture

can you post a pic of that 'bad ass mobile unit'????

Fri, 06/08/2012 - 00:54 | 2506301 salvadordaly
salvadordaly's picture

SSSSHHHHHHHHHHHHHHHHH!!!!!!!! First rule of fight club! I know you just lost everything in that boating accident, But do not try to find it here. We have not been on the river lately. I hvae not seen anything on the water!

Fri, 06/08/2012 - 00:59 | 2506308 Missiondweller
Missiondweller's picture

Impressive. I'm in SF and must assume I'd have to shelter in place but have acquired a fair amoint of food, water and camping goods. Still need a gun and ammo though.

I do, however have extra fuel stored in case I need to bug out.

Fri, 06/08/2012 - 03:26 | 2506446 Savvy
Savvy's picture

You have a really big mouth too dumbass.

Fri, 06/08/2012 - 04:58 | 2506482 tahoebumsmith
tahoebumsmith's picture
I could be a Zebra, a clown, an elephant or the ring master..... It doesn't matter BITCHEZ...It's just one big dog and pony show anyway.... Just never thought I would be the feature attraction... SLUT!

Fri, 06/08/2012 - 05:20 | 2506491 Disenchanted
Disenchanted's picture




what's your plan for spike strips?


jus askin...

Fri, 06/08/2012 - 06:41 | 2506544 Go Tribe
Go Tribe's picture

Anything that large is going to attract attention from all the wrong people. I hope you can park it at a friend's farmhouse that has 500-yard shooting lanes on all sides and a fortified cellar.

Fri, 06/08/2012 - 07:41 | 2506617 gaoptimize
gaoptimize's picture

Well, I consider you a prepper.  It is regrettable that TPTB have implanted the meme that preppers are crazy.

Fri, 06/08/2012 - 16:16 | 2508549 WolfePaq
WolfePaq's picture

you are talking about fundamentals which absolutely no bearing on the market whatsoever- the market can remain irrational longer than you can remain liquid.


Thu, 06/07/2012 - 23:00 | 2506093 Turin Turambar
Turin Turambar's picture

Better yet, can we burn our Keynesian central bankers on a pyre of paper fiat money?

Fri, 06/08/2012 - 00:06 | 2506233 Shazam342
Shazam342's picture

Can we burn our Keynesian economic books on a pyre of paper fiat money?


Sounds like fun!

Fri, 06/08/2012 - 01:33 | 2506354 indygo55
indygo55's picture

I'll bring the wennies.

Fri, 06/08/2012 - 08:22 | 2506698 j0nx
j0nx's picture

A wennie?

Fri, 06/08/2012 - 01:11 | 2506327 SomebodySpecial
SomebodySpecial's picture

What good is insurance on the end game? Insure with me...I won't go bust with all the rest.

Fri, 06/08/2012 - 01:19 | 2506337 Freddie
Freddie's picture

Sadly Zero Hedge has a few 2008 Hope and Chains voting pederasts.  Like that weepy union stooge in Wisc the other night.

Fri, 06/08/2012 - 05:55 | 2506515 kita27
kita27's picture

None of you have a clue about how modern economies work. Well, some do, but most of you dont. Your all a bunch of parrots who hold a grudge against the system because you are all losers in that system. 

The rest of us are winners and think the system is fine and dandy, and when it's time, we will get the fuck out before the market collapses and leave the rest of you schmucks to clean up the mess with your 401k's and modest stock portfolios. 

ha ha ha, i love FIAT!!!!    


P.S i junked most of you.

Fri, 06/08/2012 - 07:02 | 2506572 cranky-old-geezer
cranky-old-geezer's picture



None of you have a clue about how modern economies work.

Yes, I agree. 

Most here (including the author of this article) believe there will be a collapse event followed by some sort of reset.

A collapse will occur, but it won't be an event, it will be a slow steady slide, and there won't be any so-called "reset".

The only thing in the way of an event that would cause a sudden change is WWIII ...and America wouldn't survive it.

Fri, 06/08/2012 - 13:56 | 2507992 Treeplanter
Treeplanter's picture

If we nuke Pakistan and Iran everything will be groovy.

Fri, 06/08/2012 - 09:01 | 2506793 Bogdog
Bogdog's picture

What's to prevent the US Govt from confiscating or taxing the heck out of your physical gold again? 

Answer: nothing.

Fri, 06/08/2012 - 10:38 | 2507196 oddjob
oddjob's picture

Answer: What's a Gold?

Fri, 06/08/2012 - 13:53 | 2507988 Treeplanter
Treeplanter's picture

There are many types of ammo that can be be used.

Fri, 06/08/2012 - 13:51 | 2507980 Treeplanter
Treeplanter's picture

No. Your kids can build playhouses and forts with those books.  There will be a big demand for fiat as wall paper. 

Thu, 06/07/2012 - 21:30 | 2505905 rustymason
rustymason's picture

Was there news in there somewhere?

Thu, 06/07/2012 - 21:47 | 2505943 junkyardjack
junkyardjack's picture

This post made me think of

Fri, 06/08/2012 - 01:10 | 2506325 essence
essence's picture

These days, the honest depiction of reality is NEWS

Fri, 06/08/2012 - 02:58 | 2506423 the tower
the tower's picture

Some people bought gold at the peak and are now desperate to have it go up again. That's why we need this "news".

Thu, 06/07/2012 - 21:30 | 2505906 EvlTheCat
EvlTheCat's picture


Thu, 06/07/2012 - 22:23 | 2506017 CrashisOptimistic
CrashisOptimistic's picture


More gold hype to satisfy the readership and maintain the click revenue business model.

I'm not a gold hater, but this is a quote from the article:

GOLD –Always liquid, widely available, universally accepted, deepest markets, global pricing --

Universally accepted?  No, it's not.  Shave yourself off a few wedges and offer them to the cashier at Walmart to pay for your groceries and see what happens.

There is way too much gold focus here.  




Thu, 06/07/2012 - 22:33 | 2506037 Dick Buttkiss
Dick Buttkiss's picture

“Fiat money, in extremis, is accepted by nobody. Gold is always accepted." -- Alan Greenspan, testifying before Congress in 1999

Hope you can translate "in extremis."

Thu, 06/07/2012 - 22:40 | 2506052 CrashisOptimistic
CrashisOptimistic's picture

As long as there is food at Walmart, there is no extremis.

If there is no food at Walmart, no one will sell it to you for anything at all.

Thu, 06/07/2012 - 23:02 | 2506098 old naughty
old naughty's picture

Oh yes, those who stock up food will gladly sell bag of potatoes, rice, soybeans... to you for your gold,

But he has no small changes, so one oz gold coin/bar for 5 kg of rice, perhaps?

Some barter.

Thu, 06/07/2012 - 23:33 | 2506170 Uber Vandal
Uber Vandal's picture

Is there a differnce between that scenario and exchanging tens of thousands of dollars for cancer medication to help a person make it another month?

That is some barter, too.

Fri, 06/08/2012 - 07:18 | 2506592 cranky-old-geezer
cranky-old-geezer's picture



Nobody is worth 10 grand to keep them going another month. 

Fri, 06/08/2012 - 12:52 | 2507737 emersonreturn
emersonreturn's picture

cranky-old-geezer...steve jobs...hawking...there are minds and people out there that are either either rich enough or society values enough...

Fri, 06/08/2012 - 08:09 | 2506669 lightning
lightning's picture

Barter is alive and well right now.  Craigslist has a section on it, which is how a friend of mine saves her resources.  If there is a huge reset, it is probable that some of the best barter items will be medicine, ammo, guns, and food.  Good on those that have these items especially if the government attempts to confiscate various forms of people's wealth (gold, 401k's, silver, etc).

Fri, 06/08/2012 - 09:13 | 2506830 PivotalTrades
PivotalTrades's picture

Really,,,are you that cluless.. melt, shave , scratch and wonder the world is fucked up

Thu, 06/07/2012 - 23:06 | 2506106 jeff montanye
jeff montanye's picture

check under precious metals and barter items:

some of the most dangerous words ever are it can't happen here.

and, since a crash is optimistic, even if it doesn't, the best assets to own in equity bear markets historically have been gold and related stocks.

Fri, 06/08/2012 - 01:44 | 2506360 Cursive
Cursive's picture

@jeff montanye

The part about SHTF driving is when you begin to understand, from personal experience, what he is warning you about.  I see that he just fled Argentina and moved to northern Ireland.

Fri, 06/08/2012 - 05:06 | 2506484 Seer
Seer's picture

"If there is no food at Walmart, no one will sell it to you for anything at all."

I think you're forgetting that there are actually people who grow/produce food, and can do so in abundance (read "has excess capacity [beyond personal needs]").

Fri, 06/08/2012 - 07:54 | 2506634 kanenas
kanenas's picture

-in extremis-

During the second world war, Greece was under German occupation, food reserves were sent to German troops and production was under German control, citizens in the cities were starving to death.

Inflation was soaring (Jan1941 1GBP=1.200 Drachmas, Oct1944 1GBP= Drachamas). Soon people were getting small (if any) rations/coupons. 

When the shortage came to a peak, among citizens that couldn't flea to the country side, the ones with better chances to surving were Gold holders. Some holders of productive assets came out of the war really wealthy. Others were executed during the occupation for trying to help their compatriots.

Thu, 06/07/2012 - 22:37 | 2506048 RockyRacoon
RockyRacoon's picture

The only thing there is too much of here is the number of people who don't understand gold and spout-off to show their ignorance.

Fri, 06/08/2012 - 00:41 | 2506281 EvlTheCat
EvlTheCat's picture

Maybe some of us understand gold more than you think Racoon!  We are tired of the same old hyperbole and want some definitive action plan!

Fri, 06/08/2012 - 00:56 | 2506303 Dr. Sandi
Dr. Sandi's picture

It's your job to come up with the plan. If you're waiting for the 'coon or somebody else to teach you to tap dance to automatic weapons fire, you're only screwing yourself.


Fri, 06/08/2012 - 05:07 | 2506485 Poor Grogman
Poor Grogman's picture

The Central Banks have their plan, why not you?

Maybe you should just try and Emulate a Central Bank.

1. Buy gold by selling crap.

2. Not tell anyone you are buying it.

3. Pretend it has no value and you are only buying it for "tradition".

4.  Option 4 is not available to you as it involves invading countries that have gold and then "Corzining" it.

5. Likewise option 5 an individual cannot "Confiscate gold from law abiding citizens"


There it is, simple really, isnt it?


Fri, 06/08/2012 - 05:15 | 2506488 Al Gorerhythm
Al Gorerhythm's picture

Here is a plan for those with a chronic case of hyperbolisis or acute normalcy bias, who, although conceding that there may be some chance of political morass and some truth behind the mainstream press' reports of European soverign solvency issues and some truth behing the rumours of unpayable $16Trillion US debt. If you still have an aversion to gold as a safe haven then try my definative Ten Step program:

Step 1: Ask Jon Corzine for financial advice.

Step 2: Buy some call options on Greek debt (currency diversification)

Step 3: Buy a box of gift cards redeemable at Walmart.

Step 4: Load up on bank shares.

Step 5: Hoard cash. You can do this by locking it into a 5 year term deposit or invest/buy some 5 year JPM bonds.

Step 6: Prepay your utility bill for 2 years. 

Step 7: Adorn your house with party lights.

Step 8: Invest in 10 year treasuries.

Step 9: Organise an appocolypse street party for 2113.

Step 10: Party like it's 1999.


Fri, 06/08/2012 - 05:36 | 2506501 Poor Grogman
Poor Grogman's picture

Heaven help us if some one in China steals your idea and mass produces it....

Fri, 06/08/2012 - 09:07 | 2506805 old naughty
old naughty's picture

Many of these they are doing except #10 as they do not allow to hold public meetings of more than a couple of dozens; #7 as they are just into litting the streets with Chinese-made LED street lights (hummmmm).

Oh even their next "Prince" is getting advices from Geithner.

We should be looking at the two-headed chimerika (sorry, chimera) as it won't be pretty when it rears its heads.

There's only them and us sheeples.

Thu, 06/07/2012 - 22:53 | 2506073 JackT
JackT's picture

Except Wlmart cashiers in Utah. Although I believe it only applies to US Govt issued gold or silver coin

Fri, 06/08/2012 - 01:57 | 2506365 Bizaro World
Bizaro World's picture

Exactly....except that the key point is that they are accepting gold/silver now, today. If TSHTF, they would surely accept common forms of gold/silver, at least until they ran out of supplies or were looted.

Thu, 06/07/2012 - 22:56 | 2506082 The Monkey
The Monkey's picture

Gold is at a cross roads. Either the Fed prints big and gold gets off the mat, or prices move a lot lower before they move higher.

Hard to handicap.

Equities must move lower with the coming crunch in forward earnings forecasts.

Easy to handicap.

Fri, 06/08/2012 - 01:00 | 2506310 semperfi
semperfi's picture

The FED has been continually printing for years now. They just don't admit it, and easily deceive the sheeple. Those who don't think the FED is printing are naive.

Fri, 06/08/2012 - 02:35 | 2506407 John_Coltrane
John_Coltrane's picture

Yes, the monetary base is expanding.  But credit is contracting as a recent ZH article quantifies.  Debt is being deleveraged and defaulted upon and in our fractional reserve, fiat  system, debt=money.  This is the essence of the reset to which the article refers.  In such an environment it is still possible for the price of real things such as food and energy to increase due to shortages and natural catastropies.  Such stagflation has been the norm in Japan for nearly 3 decades.  It is likely our fate too.

Gold is useful, but the most useful asset is also the rarest-ability and skills, both physical and mental.  For the commentor worried about computer bugs taking down the internet or elecrical grid-highly unlikely for distributed system like tne internet.  A massive coronal mass ejection from the sun is much more likely as a cause of a total grid/network failure.  And not much we can do about that as we enter a new very active phase of solar activity.  If it happens we will have about 10-20 minutes notice to black out the grid to avoid taking out all the transformers.  And it would take months to make enough to bring it up again.  So, then we'd really appreciate chemical fuels!  But likely chaos would reign.  But it might be worth it to laugh at the morons who bought plug in electric vehicles.  I've got a really large oil storage tank, but I'd still be a hurting unit. 

Fri, 06/08/2012 - 07:24 | 2506601 Withdrawn Sanction
Withdrawn Sanction's picture

The FED has been continually printing for years now. They just don't admit it, and easily deceive the sheeple. Those who don't think the FED is printing are naive.

Indeed it has been.  And naivte and deception of course are explanations for the failure to perceive the increased money supply.  An alternative explanation that is also consistent w/the facts is all that newly created money is going exactly no where.

In other words,  excessive money creation and rising prices are supposed to go hand in hand (acc. to the hydraulic version of the quantity theory of money), and yet price increases have not been in proportion to money increases.  Part of this lack of correspondence of course is duplicitous calculation of price measures like the CPI (see John Williams for more on this).  But an important part also is plunging velocity; i.e., the willingness of people to spend the money they have.

Remember too that a critical component that is overlooked in the  standard QTM is the mechanism by which prices rise.  I am referring here to the bank lending channel (or credit/money/deposit multiplier).  Since a good portion of spending rests  on credit availability, the lack of credit will depress spending, which brings us to the key point:  Despite trillions in bailouts, special lending facilities, and suspension of mark to market rules, banks still refuse to lend.  Less lending, less spending.

I am not suggesting that slowing velocity and tighter lending by banks is not the right approach.  In fact, policies designed to stimulate lending/borrowing are counterproductive.  Im simply trying to explain why despite monumental Fed printing, we're still stuck in financial quicksand.  Quite simply, the system needs to be purged of bad debts and criminals need to go to jail.  Cleansing and retribution (which is redundant, I realize).

Fri, 06/08/2012 - 05:09 | 2506487 Seer
Seer's picture

ALL fiat collapses.  As has been repeatedly pointed out here, gold NEVER goes to zero.  So... what's at a crossroads is not gold, but fiat (and history tells us which road it will take).

Thu, 06/07/2012 - 23:02 | 2506097 dbomb12
dbomb12's picture

Really now, when the USD is on par or less than the ZWD then which will they take, Mabye not a sliver of gold but defintily a silver dime quarter or half dollar which is still an accepted currency

Thu, 06/07/2012 - 23:22 | 2506145 robertocarlos
robertocarlos's picture

I don't like to bite coins.

Fri, 06/08/2012 - 00:12 | 2506242 Teabunny
Teabunny's picture

that only works on gold, soft metal...imprints. silver is by taste...pearls by how rough they are when slid over teeth enamel (oyster tears do not form a uniform surface) 

Fri, 06/08/2012 - 00:58 | 2506307 Dr. Sandi
Dr. Sandi's picture

Damn, now there's a 3 course meal I could enjoy!


Thu, 06/07/2012 - 23:30 | 2506167 Uber Vandal
Uber Vandal's picture

Have you also tried to pay for your goods at Wal-Mart with shares of AAPL, PCLN, NFLX, GRPN, or FB?

There is way too much stock focus outside of here.

Fri, 06/08/2012 - 00:04 | 2506229 EvlTheCat
EvlTheCat's picture

Haters going to hate, no matter what.  Could care less.  I probably have more gold at the bottom of an untold lake then most here, but when you see a speed bump article, call it for what it is.

Let's start talking about how to apply gold/silver as fucking money and then these goose egg articles will start meaning something.  See Max Keiser for a reference Tyler.... At least he doesn't hide behind a pseudonym and actually tries to get the ball rolling!


Fri, 06/08/2012 - 05:21 | 2506492 Al Gorerhythm
Al Gorerhythm's picture

 At least he doesn't hide behind a pseudonym and actually tries to get the ball rolling!

The irony. The irony.

Fri, 06/08/2012 - 00:37 | 2506277 Vendetta
Vendetta's picture

Offer some gold to a rancher for a steer and I'll bet he would consider it fair trade and be happy to do it.  Difference between a rancher and walmart clerk I would guess.

Fri, 06/08/2012 - 01:18 | 2506336 Calmyourself
Calmyourself's picture

Good point CIO, I for one am long liquorice, yep , red and black..   You seen the size of them Walmart clerks?  Shiiiit you offer em liquorice you get what you need, know what i'm saying??

Umm, CIO perhaps he meant you know post teotawaki not next week in Peoria...

Fri, 06/08/2012 - 06:54 | 2506556 Go Tribe
Go Tribe's picture

Good point. I would wager that items in dwindling supply that appeal to the vices will be worth far more than gold in a collapse. Cigarettes, sweets, liquor for sure, books and board games for the bored who can't access electrical devices like this computer.

Fri, 06/08/2012 - 15:22 | 2508330 Herd Redirectio...
Herd Redirection Committee's picture

Moonshine will be very widely available within 6 weeks of a collapse, so good luck thinking the price of alcohol goes through the roof.  Of course it will still be valuable! But as valuable as something that can't be concocted in a bath tub?  No chance.

Fri, 06/08/2012 - 05:45 | 2506506 Disenchanted
Disenchanted's picture



Most (sh)eople in today's society have no clue about gold or silver, their idea of precious metal is a friggin platinum credit card.

I have trouble with the concept that actual gold or siver will be widely spendable...

not to mention that the same crew that controls fiat currencies/fractional reserve banking worldwide also control the precious metal markets(supply and price).


Just like the value of diamonds is artificially propped up, I suspect the same might be true of PMs.

Looking at it from a historical perspective that is. Read David Astle's The Babylonian Woe which is a history on PMs, their use as money, and who was behind it from the beginning.


IMO a store of many practical items for barter would be more useful than PMs in today's world.

Sun, 06/10/2012 - 14:06 | 2512406 RockyRacoon
RockyRacoon's picture

"I have trouble with the concept that actual gold or silver will be widely spendable..."

You might want to work on the flexibility of your own imagination.  It would make a good start.

Fri, 06/08/2012 - 09:37 | 2506934 EvlTheCat
EvlTheCat's picture

Note to self:  Don't get drunk, and rattle the cage at the monkey house. Occupants will bite!

Thu, 06/07/2012 - 21:30 | 2505907 aerojet
aerojet's picture

I never take advice from anyone who refers to martial law  as "Marshall" Law.  The Marshall has nothing to do with it!

Thu, 06/07/2012 - 21:36 | 2505919 Saucy-Jack
Saucy-Jack's picture

Fucktards don't know the difference between a Marshall Plan and martial law?

Thu, 06/07/2012 - 21:46 | 2505942 A Lunatic
A Lunatic's picture


Thu, 06/07/2012 - 22:39 | 2506049 hedgeless_horseman
hedgeless_horseman's picture



Mrs. Horseman sometimes threatens me with marital law.

Thu, 06/07/2012 - 21:42 | 2505934 Tyler Durden
Tyler Durden's picture

We are fairly confident that Larry Summers scored a perfect 800 on the verbal portion of his SAT (of course he said many other things about the SAT too). Perhaps you will be more comfortable taking advice from him?

Thu, 06/07/2012 - 22:09 | 2505984 post turtle saver
post turtle saver's picture

We're fairly certain that people who sleep with their gold are fucking idiots. If TSHTF it's gonna come down to this...


The preacher man says it’s the end of time
And the Mississippi River she’s a goin’ dry
The interest is up and the Stock Markets down
And you only get mugged
If you go down town

I live back in the woods, you see
A woman and the kids, and the dogs and me
I got a shotgun rifle and a 4-wheel drive
And a country boy can survive
Country folks can survive

I can plow a field all day long
I can catch catfish from dusk till dawn
We make our own whiskey and our own smoke too
Ain’t too many things these ole boys can’t do
We grow good ole tomatoes and homemade wine
And a country boy can survive
Country folks can survive

Because you can’t starve us out
And you cant makes us run
Cuz we're them old boys raised on shotgun
And we say grace and we say Ma’am
And if you ain’t into that we don’t give a damn

We came from the West Virginia coalmines
And the Rocky Mountains and the western skies
And we can skin a buck; we can run a trout line
And a country boy can survive
Country folks can survive

I had a good friend in New York City
He never called me by my name, just hillbilly
My grandpa taught me how to live off the land
And his taught him to be a businessman
He used to send me pictures of the Broadway nights
And I’d send him some homemade wine

But he was killed by a man with a switchblade knife
For 43 dollars my friend lost his life
Id love to spit some beechnut in that dudes eyes
And shoot him with my old 45
Cause a country boy can survive
Country folks can survive

Cause you can’t starve us out and you can’t make us run
Cuz we're them old boys raised on shotgun
And we say grace and we say Ma’am
And if you ain’t into that we don’t give a damn

We’re from North California and south Alabam
And little towns all around this land
And we can skin a buck; we can run a trout line
And a country boy can survive
Country folks can survive


God Bless Hank Jr. for calling it right and God Bless the USA.

Thu, 06/07/2012 - 22:24 | 2506022 kekekekekekeke
kekekekekekeke's picture

that's my jam!

Fri, 06/08/2012 - 05:14 | 2506489 The Navigator
The Navigator's picture

And a country boy can survive - Country folks can survive

If you don't have a boat load of silver or gold, you better go live with a country cousin and learn some skills (hunting, fishing, skining, and tanning, farming, animal husbandry) - there may come a time when your present skills prove useless and if you're alone you'll die, if in a community you might get KP duty.

I always admired the numerous skills of my country cousins who could fish and hunt and bring home something to eat with the backyard still hootch. And they knew how to milk the cow and goats, feed the chicks, and how to fix a broken Ford truck or tractor. Most call 'em hillbillies, but those are country boys that can do most anything.

Hope you all got some country cousins of your own, or a boat nearby with a sextant.........oh, you forgot to take celestial navigation classes and get charts to your destination? Good luck when stuxnet or an EMP makes your maritme GPS a paperweight.

Take heed of the message of this article, prepare if you can. Ignore it at your own peril. 'Cus shit happens.

And a country boy can survive.

Thu, 06/07/2012 - 22:25 | 2506026 takinthehighway
Thu, 06/07/2012 - 22:27 | 2506028 post turtle saver
post turtle saver's picture

... and as I suspected, here comes the idiot brigade with their downvotes. Most of you assholes couldn't find your way out of a greenhouse if I gave you an axe and a shotgun but lawdy lawd you got GOLD... oh yeah, that'll save ya. IDIOTS.

Thu, 06/07/2012 - 22:57 | 2506085 Teabunny
Teabunny's picture

let 'em'll be fun watching them beg for food. ya can't eat gold...or paper. (hey ya think we should make 'em do a bojangles thing, then tell them "sorry, no extra food for you" when they finish begging?)

Fri, 06/08/2012 - 01:05 | 2506316 Dr. Sandi
Dr. Sandi's picture

There's always somebody who's more equal than the rest of us. He's just waiting to trade that missing food for your gold. Find him and do business.

Gold is money. If you need to buy a horse or an anvil, maybe you need to know more than where the Wal-Mart is.

In an emergency, it's not gold that saves your ass. It's using your brain and figuring out how to use your wealth that saves your ass. 

I guarantee that no matter how BAAAAD things get, there's always some asshole (with many tough friends) who can get his hands on stuff nobody else can 'acquire.' And he is suddenly your new local Wal-Mart.


Thu, 06/07/2012 - 23:51 | 2506199 Clashfan
Clashfan's picture

Sorry, Turtle. Played football in hs w/a bunch of rednecks who made the underclassmen listen to that effing song every day while we dressed and undressed in the stinkiest clothes in the world. Hard to appreciate it now.

Fri, 06/08/2012 - 01:34 | 2506347 Freddie
Freddie's picture

Sure beats that fake punk shit that The Clash spewed out.  Joe Strummer was a cluless busker hippy when he saw the Sex Pistols, jumped on  the bandwagon and copied the real article.  Mick Jones even said so.

Strummer and Mick Jones are tribe members who were the sons of diplomats and were not even working class.  The Clash were nig fu**ing phonies.  Lydon, Jones, Cook and Matlock were the real article.  I would also take Hank Williams over those frauds in The Clash with their faux leftist BS.  Their only good song was Janie Jones. Still not in the same league as The Pistols. Not even in Generation X's league.

Fri, 06/08/2012 - 02:15 | 2506383 putaipan
putaipan's picture

fuck you and your musical opinion freddie. ask pete townshend if the clash were real. and l.c. ... i feel your flashback pain. they used to play chuck berry, and i'd hide in my headphones and get psyched up to the mahavishnu orchestra. probably resort to them again when TSHTF.

Fri, 06/08/2012 - 02:59 | 2506424 Cosimo de Medici
Cosimo de Medici's picture

So this is a glimpse of the post-Apocalypse paradise! All those who escaped with their guns and their gold, and who will be trying to trade in a community of like-minded souls loaded to the gills with both and needing little, are going to slaughter each other over their differing musical tastes.

Anybody who was fucked up and an outlier in this society is going to bag his hate, anger and intolerance right next to his buck knife and take it with him to the new beginning.

You folks actually think Brandon Smith of Alt Market and those of his type are going to play second fiddle to you when you meet up on the other side? You think they’ll embrace equality and give every man and woman equal say? How quaint! Meet the new boss, to quote your Peter Townshend.

Brave New World, indeed.

Fri, 06/08/2012 - 06:09 | 2506525 the tower
the tower's picture

Sex Pistols were contrived by Malcolm McLaren for his BOY fashion brand.

They were the first commercial punk boy band.

You don't know shit.


Fri, 06/08/2012 - 01:01 | 2506313 Raymond Reason
Raymond Reason's picture

Oh boy here we go with another narcissistic cowboy song.  Pride goes before the fall.  Don't count your chickens, cowboy, because your an've never been sifted like wheat. 

Fri, 06/08/2012 - 01:15 | 2506334 AetosAeros
AetosAeros's picture

Look, your half right, but mostly wrong in both your approach and your demeanor.


So your a country boy/girl, well Hooah for You! What YOU fail to realize is what most of us like to call 'reality'.

Case in Point-

Stackers of PM who sound off on this venue don't just maintain PM's, they also keep well stocked food storage, and some even have secondary and tertiary places set up in the EVENT the SHTF and they have time and ability to relocate. Some of us, who don't have access to land, might just have enough things set aside to get out to some distant areas to work some land while we/they use our food stores sparingly until we can pull in a crop large enough to use and trade.

But as with this current economic issue, and historically, that too will come to an end, unless we are prepared for the historical precedents that come next, meaning- utter fucking chaos. People will kill for food over gold/silver and people who never once thought beyond today will be the first to be willing to trade ANYTHING for some of it. The smart prepper has 'tradeable' food just for this occassion. Usually to use to get from primary to secondary to tertiary as the situation calls for it.

Thing is, in today's society, there are other things people will trade for faster and with complete abandon, even if they have to steal from others to pay for it: Drugs, alcohol, and any other vice or life saving requirement. The absolute prepper has something for everyone, or enough of something to at least be able to keep from getting killed if they know how to use it.

Then comes the rebuilding. If you think for half a second that any banker, financial agent, or other PTB doesn't have their body weight in PM's squirraled away somewhere, then you sir are a danger to yourself, your family, and your families future. Because they do. At the end of fiscal turmoil, trade begins somewhere. Whether you, I, or they are still around, something will be used as a basis for some form of barter after all the shooting stops, crops have been harvested and stored, and local forms of self rule have been imposed. THAT is what stackers and preppers are waiting for. Rebuilding. With something. All FRN and GLD/SLV isn't going to 'magically' be reimposed as worth something. Company stocks aren't going to suddenly start paying dividends in the new currency, and banks (or whatever they get called) aren't going to take apples or carrots as a deposit source for the capital needed to keep your family and future sound. 

The ones with the PM's will have an edge. Like those dicks who printed all the fiat so they could purchase their bodyweights (as mentioned) and land and everything they needed to rebuild while they laughed at the sheeple who believed that SLV and GLD were as good as gold, or that FRN's would last 500 years as a staple of the world economy. Only those things that have lasted 2500-5000 years are as good as gold, because they ARE gold, and silver.

You don't have to sleep with it, and your assumption that everyone who has more than a few coins does goes to prove both your ignorance and your lack of faith in any type of rebuilding, all while you reference Hank Sr. who was telling you that Country FOLK know how to survive, but they don't do it alone. And being from the country myself, I can trade silver or gold to about a dozen farmers and ranchers for anything they grow or raise, and they wouldn't gripe one bit if the price went down this week or up next. They'd just say 'Thank You Sir, do you want help loading that?'.

So you sir, are the idiot, and you probably aren't 'real' country, just another Garth Brooks starter-kit wearing, shiny-pickemup-truck driving shill.

Thu, 06/07/2012 - 22:53 | 2506074 Teabunny
Teabunny's picture


Thu, 06/07/2012 - 23:16 | 2506131 The Monkey
The Monkey's picture

Ironically, this song was written in 1982, the year nominal interest rates peaked with Volker at the helm. The birth of the giant credit bubble.

Thu, 06/07/2012 - 23:59 | 2506214 SubjectivObject
SubjectivObject's picture

It severely depresses me to understand that whenever the reset occurs, the extinction of [what, 60-70%] large animal species all over planet earth is almost certain. 

Good to see the country boys got high morale.  It should come in useful when millions of the most cunning animals ever to live on earth come looking for what they have, every 60/24/7/52.

Your most recent precedents are Yugoslavia and Argentina.  Reflect on these for the case when there is no surrounding soveriegn stability.

Fri, 06/08/2012 - 05:53 | 2506513 Snidley Whipsnae
Snidley Whipsnae's picture

A country boy song writer that don't know the difference between a 'trout line' and a trot line?

... and, a real country boy would know that cat fish trot lines are run during the night, not from 'daylight till dawn'...

You modern country boys don't know shit about nothin'... You should have paid more attention to your fathers and grandfathers...

Your concept of country living consists of making rotten sugar whiskey and mind altering substances in a trailer in the woods. What you don't know would fill another Wiki... LMAO

Thu, 06/07/2012 - 22:16 | 2506004 DavosSherman
DavosSherman's picture


Thu, 06/07/2012 - 22:19 | 2506009 New_Meat
New_Meat's picture


"We are fairly confident that Larry Summers scored a perfect 800 on the verbal portion of his SAT ..."

I'm sure that he did, although the various interpretations of "hysterical" were evidently not in the question pool that year.

- Ned

Fri, 06/08/2012 - 00:41 | 2506282 Vendetta
Vendetta's picture

As you are likely aware, intelligence has no bearing on corruptibility or brainwashability (new word... yea) ... character is the difference and Larry left his in a dark alley long ago.

Fri, 06/08/2012 - 01:07 | 2506321 Dr. Sandi
Dr. Sandi's picture

He didn't actually leave his character in a dark alley. He traded it for something actual value.


Fri, 06/08/2012 - 05:17 | 2506490 NewThor
NewThor's picture a Judas handful of silver?


Fri, 06/08/2012 - 01:28 | 2506348 Calmyourself
Calmyourself's picture

C'mon Tyler, Larry Summers and Little timmy can both spell perfectly and their grammar oh, to die for even Ms. Wintour is late for their grammar..

Thu, 06/07/2012 - 21:43 | 2505935 Richard Head
Richard Head's picture

You'll be marshalled into the FEMA camps. Good enough for you?

Thu, 06/07/2012 - 21:47 | 2505944 A Lunatic
A Lunatic's picture

By Martial Dillon

Thu, 06/07/2012 - 21:55 | 2505963 Alpo for Granny
Alpo for Granny's picture

I hope I can marshall enough strength to lift all this lead and phyzz when I bug the fuck out of Dodge before martial law is enacted.

Thu, 06/07/2012 - 22:22 | 2506016 New_Meat
New_Meat's picture

dihydro-monoxide at 3+l/day/buggie, etc ...


then ya gotta land and ???

- Ned

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