This page has been archived and commenting is disabled.

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:



- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 06/07/2012 - 22:14 | 2506001 RacerX
RacerX's picture

As long as they're playing Marshall Mathers.

Thu, 06/07/2012 - 22:09 | 2505987 boogerbently
boogerbently's picture

This guy was SPAMMING his gold buying site.

Thu, 06/07/2012 - 22:21 | 2506014 putbuyer
putbuyer's picture

Another Soro's loving AHOLE

Thu, 06/07/2012 - 23:01 | 2506096 Harbanger
Harbanger's picture

Marcia, Marcia. Marcia.  Has everything to do with it.

Thu, 06/07/2012 - 23:03 | 2506103 dbomb12
dbomb12's picture

Maybe he meant US Marshal Samuel Gerard

Thu, 06/07/2012 - 23:08 | 2506111 jeff montanye
jeff montanye's picture

i thought the same.  but it may just be intellectual prejudice.  reggie middleton is stymied by the past tenses of imperfect verbs but his financial analysis is, mostly, spot on.

Thu, 06/07/2012 - 23:25 | 2506157 robertocarlos
robertocarlos's picture

We are Marshall?

Thu, 06/07/2012 - 21:35 | 2505913 Dr. Engali
Dr. Engali's picture

I had plenty of insurance until I had an unfortunate boating accident. Now it's at the bottom of a river.

Thu, 06/07/2012 - 21:37 | 2505921 Stackers
Stackers's picture

Lucky bastard. Mine's out in the Gulf of Mexico somewhere.

Thu, 06/07/2012 - 21:38 | 2505924 EvlTheCat
EvlTheCat's picture

+u rock :)

Thu, 06/07/2012 - 22:10 | 2505992 XitSam
XitSam's picture

Gee that's awful.  What river did you say that was again?

Thu, 06/07/2012 - 22:58 | 2506091 Normalcy Bias
Normalcy Bias's picture

Considering the skyrocketing instances of boating accidents as mentioned on the 'Hedge, I'm thinking of buying a dredge. All I need is a rolling enrollment of 5% non-voting partners, and I'll do the work of inventorying the pm's and firearms.

Carpe Diem,

Sergei Mavrodi

Founder, 'HedgeDredge-2012

Thu, 06/07/2012 - 21:35 | 2505914 Caviar Emptor
Caviar Emptor's picture

Too many people chose The Matrix. Very few want a reset that could involve reality

Thu, 06/07/2012 - 21:44 | 2505940 disabledvet
disabledvet's picture

The bailouts are given. THAT is reality. NOT that i am complaining about ya' all's "purity of thought" in these here parts...m'kay?! Now "here's how the deal goes down":

Thu, 06/07/2012 - 22:52 | 2506068 sessinpo
sessinpo's picture

No, actually to many people don't even realize they are in the matrix. They don't know they have a choice, just the illusion of one such as republican versus democrat.

Fri, 06/08/2012 - 01:37 | 2506355 Freddie
Freddie's picture

The stupid fux love The Matrix (TV and Hollywoods shit).  You cannot even get them to pull the plug which is the elites source of power.  I bet 80% of the people posting here still watch TV and enable the oligarches like dumb fukkking sheep/serfs.

Thu, 06/07/2012 - 21:35 | 2505915 Troy Ounce
Troy Ounce's picture

The political & bankers class need a reset also.

Thu, 06/07/2012 - 22:22 | 2506018 peekcrackers
peekcrackers's picture

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights." Alan Greenspan

Thu, 06/07/2012 - 21:36 | 2505916 jumbo maverick
jumbo maverick's picture

Gold silver food guns good knives and if you live up north channel stuff hats. Jason Vorhees is not going to blob up from behind every tree to chop you up but when you cant regulate body temperature you will develop hypothermia and die.
Keep your core temperature stable. Go out in the middle of winter and just try to load 3 or 4 magazines. After a short time it gets awful hard. Add to that the stress of combat when all your blood leaves your extremities and goes to your brain it's almost impossible to load let alone shoot accurately.
And don't forget water. Gotta have lots of water.
Wish I could afford a monster box before the great rush.

Thu, 06/07/2012 - 22:11 | 2505994 post turtle saver
post turtle saver's picture

Rule of Three: Three minutes air, Three hours exposure, Three days water, Three weeks food.

Thu, 06/07/2012 - 23:06 | 2506108 dbomb12
dbomb12's picture

Or a rainwater collecter and a homemade longbow

Fri, 06/08/2012 - 05:21 | 2506493 Seer
Seer's picture

"Three hours exposure"

Except if you fall in to a body of (cold) water...

Fri, 06/08/2012 - 00:09 | 2506224 wee-weed up
wee-weed up's picture

@jumbo maverick

You bring up a good point I'll bet many survivalists in warmer climes may not have yet considered...

If the crash/collapse happens during winter - there will be hoards of northern folks up to no good rushing south to loot/plunder/rape and take whatever they can get, any way they can get it. This will be in addition to what they would have to deal with locally.

Fri, 06/08/2012 - 03:30 | 2506447 Harbanger
Harbanger's picture

The South is actually more dangerous.  I think that there's generally more rioting in the warmer climates of the US.  It's easier to live without shelter, which attracts wanderers .  The Northern climates are not as habitable, especially not in the winter.  Harvesting and prepping food for winter storage is also more common in those areas.

Thu, 06/07/2012 - 21:36 | 2505917 Seditious Blasphemer
Seditious Blasphemer's picture

I'd just add that having some set up/system and means to securely and most importantly discreetly store and keep safe said "Systemic Insurance" is as valuable as the Systemic Insurance itself.

Fri, 06/08/2012 - 01:40 | 2506356 Bizaro World
Bizaro World's picture

This is a great point for anyone considering storing systemic insurance themselves. Are there any security expert ZHers that have recommendations on how best to protect such insurance?

Fri, 06/08/2012 - 07:57 | 2506594 Gunga
Gunga's picture

I'm pretty comfortable with my knowledge, having been to Liberia Africa, Sarajevo Yugoslavia and Kuwait/ Iraq while in the Marine Corps . John Mosby at mountainguerrilla.blogspot has a lot of good defense info and he offers classes.

Thu, 06/07/2012 - 21:36 | 2505918 Stackers
Stackers's picture

I'll take a fridge full of silver over a shoe box full of gold any day. !!!!

Fri, 06/08/2012 - 00:29 | 2506265 Harbanger
Harbanger's picture

I hope the fridge is on the 1st floor.

Fri, 06/08/2012 - 01:33 | 2506324 Dr. Sandi
Dr. Sandi's picture

Now it is!


Thu, 06/07/2012 - 21:37 | 2505923 Boilermaker
Boilermaker's picture

I'm going to the store and buying some Huggies.  Because I'll be packing those suckers like crazy.

This is going to be some scary shit.

Thu, 06/07/2012 - 22:21 | 2506011 post turtle saver
post turtle saver's picture

You may laugh but toilet paper and diapers go pretty damn fast in a panic.


Stock up on tobacco and whisky for trading if you truly believe things are gonna go tango upsilon. Hell, I made more headway through the sand with cartons of Marlboros than anything else.


I wonder how many here are stocking up on gold and have medical conditions? Or their family? How much prescription meds do you have stockpiled? Any diabetics in the house? Seriously, this stuff cracks me up. "I got gold and guns and bullets blah blah... *gack* forgot my nitro pills *THUD*"

Thu, 06/07/2012 - 23:03 | 2506101 Teabunny
Teabunny's picture

honestly, most American families cannot afford to stockpile meds, insurance will only cover a limited supply. so many accept this fact, and just do what they can to get their family preparred. I know, I have no thyroid. lost it to cancer right after my oldest daughter was born. She is six now. I will be one of the "thuds" you hear.

Thu, 06/07/2012 - 23:09 | 2506114 dbomb12
dbomb12's picture

I make sure my wife always keeps at least a 3 month supply of synthroid any longer than that we are all fucked 

Thu, 06/07/2012 - 23:13 | 2506121 Teabunny
Teabunny's picture

same here...the problem runs into when you are at the 2 1/2 point, and the insurance will not fill early. my prayers that your flight be not during "winter" in your medication pattern. (or mine! lol)

Thu, 06/07/2012 - 23:14 | 2506129 Teabunny
Teabunny's picture

did you see greece? the medication situation? they say after collapse reset takes about 8 weeks...what if collapse takes 3 months, or longer?

Thu, 06/07/2012 - 23:33 | 2506169 dbomb12
dbomb12's picture

Like i said

Fri, 06/08/2012 - 00:21 | 2506255 Teabunny
Teabunny's picture

I'm not pleased with that option, but thanks all the same. I figure when I get to my "safe zone"  I wait for the looting to began, the crazies will go for what they can get high on...I will clean up what i need to live....hunter gatherer rules will prevail...the cops will not work without a paycheck!

Fri, 06/08/2012 - 00:44 | 2506289 Harbanger
Harbanger's picture

"hunter gatherer rules will prevail..."  It's a financial collapse, not the end of civilization.  People in the boonies won't even notice. 

Fri, 06/08/2012 - 05:28 | 2506495 Seer
Seer's picture

"People in the boonies won't even notice."

I suspect that the ones you're thinking of are very few in number.

But, it WILL be the end of "civilization," as "civilization" can be best described as being city-structures, and it will be cities that puke (because cities contain no real resources, requiring importation from rural areas).

Fri, 06/08/2012 - 00:33 | 2506264 FeralSerf
FeralSerf's picture

Costco only charges about $10 for 100 of the generic ones (levothyroxin?).  Surely you can afford a year's supply.  Walmart isn't much more.

Fri, 06/08/2012 - 05:42 | 2506500 The Navigator
The Navigator's picture

Think about maxi pads which also double as pressure bandages for wounds.

Fri, 06/08/2012 - 00:20 | 2506254 Uchtdorf
Uchtdorf's picture

Now that's an honest assessment, and one many of us will experience.

Thu, 06/07/2012 - 21:40 | 2505927 lailapa
lailapa's picture

Global Debt Crisis - The greatest private fraud of human history.

Who are the great fraudsters who are becoming the murderers of the human kind?

How does the economy "illness" threaten Democracy and the freedom of people?


World War III - The first private war in history

Those who won all battles shall lose the war.


...They have asked for a war and they are getting the Armageddon.

Fri, 06/08/2012 - 00:24 | 2506258 Green Leader
Green Leader's picture


Thu, 06/07/2012 - 21:44 | 2505937 YC2
YC2's picture


Thu, 06/07/2012 - 21:45 | 2505938 DavidPierre
DavidPierre's picture

Gold, by default, needs not do anything to become valued as everything. 

It doesn't need to produce, pay a dividend or interest.  It doesn't need to be insured or guaranteed.

It doesn't need to be recapitalized, funded or rated AAA. 

It just has to be. 

Gold has value because it is, it has value because it is MONEY.  We are going through the process of investors coming to the realization that their monies are really not money at all.  These monies are chits.  They are loans/IOU's to pay more of the same and more of the same and even more of the same.  Gold needs not promise anything. It's one and only promise is that it is pure and will hold it's value over the long term.  Isn't that what everyone wants and will want even more when they understand that the current system is fucked and the money is counterfeit?

Do you not think that investors, once they fully understand that their investments are denominated in in fake currency will want out as fast as possible? 

Do you see that governments far and wide are taking actions that can only expose their currencies as the fakes that they are? 

This is easy logic if you put your mainstream media blinders on!

Thu, 06/07/2012 - 21:52 | 2505946 world_debt_slave
world_debt_slave's picture

meh, I'm closing down my business at the end of the month, started it in 2000, fun times. Going to live in my van until it's Heaven's Gate time.

Heaven's Gate Cult Initiation Tape Part 1

Thu, 06/07/2012 - 21:50 | 2505947 A Lunatic
A Lunatic's picture

Inflation is worth far more than gold to the FED.

Thu, 06/07/2012 - 23:33 | 2506171 Teabunny
Teabunny's picture

Grandma once told me "you can't get blood out of a turnip". If bread becomes $10 or more per loaf, don't you think a blackmarket will develop? of course, the situation you see played out in the ghetto everyday, with drugs...will find its way into the affluent areas (well, the ones that are not burned to the ground for being too affluent. and I do mean to the ground...who is paying the fire fighters? The unions are Obama's lap dogs! tell me, does he want the "transfer of wealth"? does he want "social justice" ?) 

Fri, 06/08/2012 - 01:00 | 2506309 fourchan
fourchan's picture

the fed is the creator of inflation, it is their product.

also known as devaluation.

Thu, 06/07/2012 - 21:52 | 2505951 kito
kito's picture

from tylerss great interview with chris martenson in december 2010 on what to do when it all comes down:

 And aside from such unpleasant “survivalist” thoughts, we can only recommend, as we have been doing on Zero Hedge for nearly two years, that readers purchase as many hard assets as they can.  Anything that Ben Bernanke will dilute by printing, he will; this we are certain of. Which is why purchasing precious metals, hard assets, non-perishable supplies, arable land, and means to protect the above four, is probably the best advice we can give to anyone.......

now tyler, that sure sounds like we should be concerned about more than a simple reset :).........

Thu, 06/07/2012 - 22:55 | 2506081 XitSam
XitSam's picture

You pays yer money, you takes yer choice.

"I'd like Global Economic Collapse for 600, Alex."

Thu, 06/07/2012 - 23:37 | 2506178 Teabunny
Teabunny's picture

"The new drug that will fuel the new protest movements, reminiscent of those in the late sixties, that causes one to pull people down and devour their faces, in a barbaric display of human cannibalism"

Thu, 06/07/2012 - 23:37 | 2506179 Teabunny
Teabunny's picture

"What are Bath Salts" :)

Fri, 06/08/2012 - 01:12 | 2506329 Dr. Sandi
Dr. Sandi's picture

Calgon, take me away!


Fri, 06/08/2012 - 14:51 | 2508232 Cathartes Aura
Cathartes Aura's picture

Answer:  bath salts are the latest CIA drug planted in the drug-using culture, designed to mimic the Hollywood and media "Zombie" meme, thereby ensuring that really stupid people who will use anything to stay "high" (checked out), are feared by TeeVee watchers across the nation.

see: Crack, Gary Webb re: the destabilising of whole communities, and their predators.  divide and rule.

Thu, 06/07/2012 - 23:40 | 2506184 DaveyJones
DaveyJones's picture

thanks for digging that up. I was thinking back about it too.

One of the greatest assets will be knowlege and skills that have, except for the most recent period of history, always been necessary. Topping the list is how to grow, diversify and preserve food with nothing more than the natural elements and how to recognize and harvest wild food sources. 

Thu, 06/07/2012 - 21:53 | 2505955 surf0766
surf0766's picture

I cannot see any type of reset that causes the dollar to have the reserver currency status removed and the standard of living in the U.S. drop fast in a matter of hours not causing significant problems.




Thu, 06/07/2012 - 23:12 | 2506119 dbomb12
dbomb12's picture

Better take the bag off your head

Thu, 06/07/2012 - 21:55 | 2505962 Yes_Questions
Yes_Questions's picture





You know its been a long year today when it takes THREE tries mentally to separate this.


Thu, 06/07/2012 - 22:07 | 2505986 zorba THE GREEK
zorba THE GREEK's picture

Don't feel bad, yesterday I inadvertently threw my socks

in the toilet instead of the hamper.

Thu, 06/07/2012 - 22:36 | 2506045 Lucky Guesst
Lucky Guesst's picture

Lol just don't put the baby in the dryer!

Thu, 06/07/2012 - 23:02 | 2506100 my puppy for prez
my puppy for prez's picture

Ha ha!  I thought it was one of those long German words!  See?  You're not alone...

Fri, 06/08/2012 - 00:27 | 2506261 Teabunny
Teabunny's picture


Thu, 06/07/2012 - 21:56 | 2505964 El Oregonian
El Oregonian's picture

The Marshall Tucker Band, maybe?

Fri, 06/08/2012 - 01:14 | 2506332 Dr. Sandi
Dr. Sandi's picture

Martial Tucker Band. They come to your town and throw your ass in jail.


Thu, 06/07/2012 - 21:59 | 2505968 kekekekekekeke
kekekekekekeke's picture

how much water should I have stock piled 

i live by myself in an apt

also what's the deal with palladium I bought when it was like $300 sold most at $720 got a couple oz don't know if I should hold onto them or not, advice

Thu, 06/07/2012 - 22:29 | 2506031 El Oregonian
El Oregonian's picture

Spring for a high grade portable water filter system- Silver people understand- Palladium not so much. Better to hold long-term food, liquor,  canned cigs (Bugler), heat source materials. These people know about in times of crisis. Gold, yes. Silver, yes. gun powder- copper- brass- ammo definitely... Palladium... regular folk... not so much...

Thu, 06/07/2012 - 22:35 | 2506043 kekekekekekeke
kekekekekekeke's picture

good advice thank you I got the water filter covered but could diversify my barter items.  I had no idea they made canned cigarettes! brilliant

Thu, 06/07/2012 - 23:42 | 2506187 hedgeless_horseman
hedgeless_horseman's picture



I thought you liked the waterbed idea?

Thu, 06/07/2012 - 23:50 | 2506200 kekekekekekeke
kekekekekekeke's picture

I don't recall ever seeing that post but that is something I hadnt considered, nice article ty for bringing it to my attention

Fri, 06/08/2012 - 01:24 | 2506342 Dr. Engali
Dr. Engali's picture

Good article horseman. I'll have to save it to fill in some gaps.

Thu, 06/07/2012 - 22:54 | 2506078 CloseToTheEdge
CloseToTheEdge's picture

"Lack of money is no obstacle. Lack of an idea is an obstacle."


you need to get busy, yesterday!

Thu, 06/07/2012 - 23:03 | 2506102 kekekekekekeke
kekekekekekeke's picture

I know! I'm getting on it! gonna make some ghee!

Thu, 06/07/2012 - 21:58 | 2505969 LeisureSmith
LeisureSmith's picture

The Shithawks will come swooping down when you least expect it. Stay frosty.

Thu, 06/07/2012 - 22:02 | 2505977 q99x2
q99x2's picture

The End Again.

Here's what I think. I think the Bush's control the US military, that they were the ones behind 911, Waco, and Oklahoma City and that they would just as easily blow the faces off NWO elites as they would new born babies.

Thems some bad and deviant people.

Fri, 06/08/2012 - 02:49 | 2506418 toomanyfakecons...
toomanyfakeconservatives's picture

The Bushes and their henchmen will surely be at the center of the coming MASS ARRESTS...

Thu, 06/07/2012 - 22:03 | 2505978 Caviar Emptor
Caviar Emptor's picture

Fed will be offering free chicken nuggets to impoverished Americans as part of future bailouts

Thu, 06/07/2012 - 23:09 | 2506112 Teabunny
Teabunny's picture

sorry Moochelle recommends pink slime...those deep fried nuggets will kill you! better tails and snouts.

Thu, 06/07/2012 - 22:03 | 2505979 zorba THE GREEK
zorba THE GREEK's picture

Gold is golden, but silver will outshine, eventually.

When TSHTF, PMs will be monetized because they are

proven and there won't be time to come up with an

alternative substitute. I sincerely believe that the future

price of gold and silver will stun almost everyone.

Thu, 06/07/2012 - 22:53 | 2506072 jumbo maverick
jumbo maverick's picture

Northwest territorial mint has a product of small silver bars/rounds you can buy. Comes in a package looks like a rolled up sandbag. You can purchase 1/2, 1/4oz etc pieces of silver and they even say in the literature that it is for barter. Just brilliant. I did not get a chance to sit down and see if it is cost effective but whomever at that company brainstormed that product line outta get a big raise.
The steeple have no idea what is up the road.

Thu, 06/07/2012 - 22:57 | 2506087 zorba THE GREEK
zorba THE GREEK's picture

@ Jumbo.  90% can be bought close to spot and it is very easy to trade with.

Thu, 06/07/2012 - 23:16 | 2506132 dbomb12
dbomb12's picture

Then, I can pay all my debt with 1 OZ. of silver

Thu, 06/07/2012 - 22:04 | 2505981 Atomizer
Atomizer's picture



As the imaginary lamp post tightens the rope noose, the last visions on poorly planned objectives will run wildly through some minds. While they fight the last moments of fate, the brain neurotransmitters will still be telling the host it was not his/her fault. Priceless.  

Click Here

Thu, 06/07/2012 - 22:06 | 2505983 sbenard
sbenard's picture

I also suggest owning storage of food and buying agricultural land. And don't forget the necessary seeds.

Thu, 06/07/2012 - 22:09 | 2505989 zorba THE GREEK
zorba THE GREEK's picture

Don't forget to include rum and lubricating gel.

Fri, 06/08/2012 - 02:52 | 2506420 Harbanger
Harbanger's picture

for the sheep.

Thu, 06/07/2012 - 22:16 | 2506005 Atomizer
Atomizer's picture

Your present DNA structure will become the only thing that saves your ass. Don't take my word for it, watch it unfold in realtime.


Thu, 06/07/2012 - 23:52 | 2506206 Zgangsta
Zgangsta's picture

Who's to say that your land won't be repossessed?

Heck, they could even do that right now using Eminent domain.

Thu, 06/07/2012 - 22:09 | 2505988 devo
devo's picture

The end is going to be a bunch of defaults and debt forgiveness. I doubt it'll be the end of the world. Just saying.

Thu, 06/07/2012 - 22:17 | 2506006 RacerX
RacerX's picture

That's what it seems like to me. What's the crisis if you just don't pay it back--or pay back cents on the dollar? Every country is racing to deflate anyhow.. so it's pointless.

Thu, 06/07/2012 - 23:10 | 2506116 Chump
Chump's picture

No, it won't be the end of the world, but I would be careful about over-minimizing it.  Cascading defaults would eventually wipe out all pensions, all retirement accounts, and any new borrowing of any kind at the personal, corporate and sovereign levels for a not inconsequential length of time.  The very existence of most major currencies would be threatened, and the dollar would almost certainly lose its reserve status, which opens up a whole new host of interesting outcomes.

At the very least we would be facing a temporary but intense strain on the supply chain and in my opinion we could see a serious interruption.  A 3 day interruption is enough to spark chaos and riots.  2 weeks and major urban areas begin going feral, if not sooner.  It won't be the end of the world for humanity, but it will be for a lot of people.

And if that doesn't convince you, consider the fact that hundreds, if not thousands, of bankers would be at risk of losing their bonuses, support staff, company cars, and seaside villas.  Why, dozens of politicians may be forced to perform menial jobs in exchange for food and drink.  Do you not have a heart?  Are you an animal?

Thu, 06/07/2012 - 23:22 | 2506146 Teabunny
Teabunny's picture

Have you noticed the "eat the rich" sentiment brewing in the streets? hey...does anyone know anything about the rocket launchers that disappeared from Libya, that have begun to surface in Mexico? I wonder...what happened to the bulk of those? hmmmm...

Fri, 06/08/2012 - 02:46 | 2506416 toomanyfakecons...
toomanyfakeconservatives's picture

Hence my belief in the MASS ARRESTS and the virtual dissolution of the illegitimate, criminal federal government. You don't really believe the U.S. military can continue much longer without taking decisive action... do you?

Fri, 06/08/2012 - 07:58 | 2506644 Withdrawn Sanction
Withdrawn Sanction's picture

The end is going to be a bunch of defaults and debt forgiveness. I doubt it'll be the end of the world.

Yes.  It will not be the end of THE world, but rather the end of THIS (financial) world.  Bad for some (those who have invited the karmic retribution...ahem, banksters),  good for many.

After all, are we not men?

Thu, 06/07/2012 - 22:12 | 2505996 LeisureSmith
LeisureSmith's picture

It seems our favourite tragicomedian from Brussels believe in this systemic insurance aswell.

Thu, 06/07/2012 - 22:13 | 2505998 The Fonz...befo...
The Fonz...before shark jump's picture

That was a brilliant

Thank you Zero Hedge

Thu, 06/07/2012 - 22:14 | 2506000 boogerbently
boogerbently's picture

The "reset" can happen WITHOUT all the drama.

Just "imagine" away sovereign debt.

A "paper" cure  for "paper" losses.

Besides, if ALL the world is "indebted", who is going to pay who, back? Who do we owe money to?

Thu, 06/07/2012 - 22:18 | 2506007 DavosSherman
DavosSherman's picture

Yah think?  There have been 3,800 Fiat currencies that shit the bed, I can't recall one that wasn't a living hell.

Fri, 06/08/2012 - 01:00 | 2506312 delacroix
delacroix's picture

well the people who have been paying towards their retirement, their whole working life, kinda think they're owed a return.

Fri, 06/08/2012 - 05:43 | 2506505 Seer
Seer's picture

It's not PAPER that's dying, it's what it REPRESENTS.  And what it represents is a claim on the future, on future resources, and it's pretty clear that the future does NOT have the necessary resources for which there are claims against. Ditch the paper, but there's still the little issue of the resources...  What this means in simple terms is this: the System is NOT sustainable.

Thu, 06/07/2012 - 22:20 | 2506012 q99x2
q99x2's picture

Yes, it can happen here

You don't mean now do you. You do. You mean now.

Anyone need a sober, reliable safe haven handler let me know.


Thu, 06/07/2012 - 22:21 | 2506013 kekekekekekeke
kekekekekekeke's picture

if you're looking for a water filter system I got a Berkey water filter a couple of months ago been super happy with it I wrote a review today ^_^

Thu, 06/07/2012 - 22:23 | 2506020 New_Meat
New_Meat's picture

MSR for portable

Thu, 06/07/2012 - 22:25 | 2506025 kekekekekekeke
kekekekekekeke's picture

ty for the rec any model in particular?

Thu, 06/07/2012 - 22:23 | 2506019 WiretapWilly
WiretapWilly's picture

Sell your gold now.  Looks like its going to triple digits asap!

Fri, 06/08/2012 - 00:12 | 2506241 jomama
jomama's picture

assuming this isn't sarcasm.

if it does, that means 'buy'.

paper for metal is a one-way trade in my book.  

Thu, 06/07/2012 - 22:29 | 2506030 El Tuco
El Tuco's picture

As long as cable don't go down and McDonald's is still open we'll be alright. Does any of this mean we ain't getting $3000 checks from the guberment?

Fri, 06/08/2012 - 02:25 | 2506396 cpzimmon
cpzimmon's picture

Help I can't breath. Jesus, El Tuco, you're insane.


Thu, 06/07/2012 - 22:31 | 2506033 LeisureSmith
LeisureSmith's picture

Or if you want a good entrypoint you might want to turn your ignition and just idle a bit before backin up the truck.

Thu, 06/07/2012 - 22:33 | 2506038 Lucky Guesst
Lucky Guesst's picture

Just wondering.... does the nextag commercial to the upper right show everyone else here a gas camping grill and a gun safe??? I find it extremely creepy and just noticed that its showing me exactly what I searched for a couple weeks ago! >(

Thu, 06/07/2012 - 22:45 | 2506061 drysafe
drysafe's picture

No, it's just you. Welcome to the new Internet. Google spies on you, saves what you search for and shares this information with advertisers. 

I had my share of annoyance with this, too - checked out out the rates on some checking accounts recently (by making a Google search) and was promptly served a banner (on an unrelated site) that read, in big letters: "So, looking for a new bank account?"


Thu, 06/07/2012 - 22:50 | 2506066 Jim in MN
Jim in MN's picture

There are things you can do about that; they mostly involve banning Google, Bing and the like from your life.  Find a crappy old search engine.  Get into Tor (look it up) if you're not averse to some extra steps.

Otherwise, just add some more porn and Frank Zappa and Hunter S. Thompson to your searches.  Maybe the spooks will have a good time or learn something.

Thu, 06/07/2012 - 22:54 | 2506079 my puppy for prez
my puppy for prez's picture

not mine....looks like you're being watched!


Thu, 06/07/2012 - 23:02 | 2506095 XitSam
XitSam's picture

use for a search engine. Above all, don't use facebook ... ever.

Fri, 06/08/2012 - 00:30 | 2506263 Dr. Engali
Dr. Engali's picture

Clear the cookies on your browser . Ditch google and bing as well.

Fri, 06/08/2012 - 02:10 | 2506378 wisefool
wisefool's picture
  1. sign up for
  2. use your real/primary email
  3. searching for: M/F (chose based on your true sexuality)
  4. preffered age: 80+
  5. you have have a better algorithm than even adblock can provide.

On a different note. Does anyone know why Japan is crapping the bed tonight? Ben is doing the sammuri code according to their plan. what more would they want?

Thu, 06/07/2012 - 22:59 | 2506040 Arkadaba
Arkadaba's picture


I know very long song - though somewhat apropos given how long this circus has continued to go on and on ....

Thu, 06/07/2012 - 22:35 | 2506044 XitSam
XitSam's picture

Silver is not the poor man's gold.  1000 FRNs of silver cost the same amount as 1000 FRNs of gold.

Fri, 06/08/2012 - 00:26 | 2506260 Dr. Engali
Dr. Engali's picture

Try carrying 1000 FRNs of silver then try carrying 1000 FRNs of gold then you tell me what you'd rather have sewn into the hems of your pants.

Fri, 06/08/2012 - 00:55 | 2506300 FeralSerf
FeralSerf's picture

Not to worry.  The loyal, patriotic TSA employee will find either one, even if you have them shoved up your butt.

Fri, 06/08/2012 - 02:18 | 2506389 tenpanhandle
tenpanhandle's picture

damn, I gotta crap now.

Fri, 06/08/2012 - 01:06 | 2506319 XitSam
XitSam's picture

Hidden in garments? Gold of course. I didn't say anything about the other relative characteristics. It's just a stupid expression. As if silver is somehow cheaper than gold. It is for the same mass, not for a set amount of currency to buy it. What the expression implies is that a poor man can only afford silver.  Usually a person does not say, "I'm going to buy 5 ounces today, I can't afford 5 ounces of gold so I'll buy 5 ounces of silver." What they say is "I have so much currency available, what can I buy? A smaller amount of easily transportable gold? Or a larger amount of silver for making small transactions?"

Fri, 06/08/2012 - 02:35 | 2506408 toomanyfakecons...
toomanyfakeconservatives's picture

I hear the weight of that fake Chinese gold is indistinguishable from the real stuff. Nothing like sewing fake gold into your pants.

Thu, 06/07/2012 - 22:41 | 2506054 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

Pretty scary stuff.....



...doing GOD's work...GS-DickinDaMuppets

Thu, 06/07/2012 - 22:42 | 2506056 Atomizer
Atomizer's picture



Many of you are unaware of certain things going on. Some do know. It’s been awhile, tonight is a good time to remind. Winks. 

The media will begin another campaign wave soon. A international governing body is the culprit by shaking the hornet nest in forming new options. No further comment. 


Thu, 06/07/2012 - 22:49 | 2506064 sharky2003
sharky2003's picture

Is Roaul Pal a pen name for Ron Paul?

Thu, 06/07/2012 - 23:19 | 2506138 dbomb12
dbomb12's picture

I think it is Ru Paul

Thu, 06/07/2012 - 22:49 | 2506065 casaananda
casaananda's picture

Spot price falling hard. Off 70 bucks in a fucking day. What to make of it I don't know. But I am not selling my stacks. This is easily the absolute worst of times with this cruddy market and bastards in DC and on Wall St. I am 65 and I hope I live to see the day PMs are vindicated.

Thu, 06/07/2012 - 23:22 | 2506144 dbomb12
dbomb12's picture

Fundamentals of debt and fiat currency worsen by the day, dont pay attention to spot just think long term when the dollar will be something to wipe your ass with when we run out of TP

Thu, 06/07/2012 - 23:46 | 2506189 Teabunny
Teabunny's picture

Its the "paper" dump y'all! Get ready...this is where the ride gets goooooood! arms up, eyes open!...WWWHHHHEEEEEEEEEEEE


(markets will fall then seperate out, paper from physical)

Thu, 06/07/2012 - 22:54 | 2506077 Jim in MN
Jim in MN's picture

I saw in the NY Times a line in an article summarizing the day's events in Europe that stated something close to: "Because most trading is done by central banks and electronic hedge fund programs, experts advised against reading much about investor sentiment from the latest market movements."  I went back to swipe it to re-post here as evidence of the official End of Capitalism according to the newspaper of record...but that line was deleted from the article.  I shit y'all not.  The hilarity of it all.

Fri, 06/08/2012 - 02:32 | 2506405 toomanyfakecons...
toomanyfakeconservatives's picture

Nothing shocks anyone anymore... that is why the satellites will be SHUT DOWN for a week after the mass arrest take place. The only thing on T.V. for a week will be 24/7 coverage of Obama, Brenanke, and the rest of the federal cabal in chains and leg irons. That will get people attention both at home and abroad.

Thu, 06/07/2012 - 22:58 | 2506088 Undecided
Undecided's picture!


Rand Paul endorses Mitt Romney..Sell out!

Thu, 06/07/2012 - 23:48 | 2506194 Teabunny
Teabunny's picture

you vill join da new vorld orda...or ve villl destroy you!

Fri, 06/08/2012 - 00:23 | 2506257 Dr. Engali
Dr. Engali's picture

That just sucks. Pure and simple.

Fri, 06/08/2012 - 00:26 | 2506259 zebrasquid
zebrasquid's picture

Who do you want him to support, Obama?  There are going to be two names on the ballot this November.  You can sit home and help elect Prom King again or you can hold your nose and go

vote for the better of the two choices.

Rand is mature enough to understand that.  

That's what makes him a leader.

Fri, 06/08/2012 - 00:33 | 2506269 Dr. Engali
Dr. Engali's picture

Or you can write in his dad, a real leader.

Fri, 06/08/2012 - 01:11 | 2506328 Harbanger
Harbanger's picture

You're so cool. 

Fri, 06/08/2012 - 04:51 | 2506479 AustriAnnie
AustriAnnie's picture

Look at Rand's face. Listen to his voice.  He did not mean a word of that.

Not to get all tin-foil hat on y'all, but I think Rand was given some kind of ultimatum.  This just isn't believable to me.

Fri, 06/08/2012 - 11:07 | 2507350 Chaos_Theory
Chaos_Theory's picture

I smell a VP bid.

Fri, 06/08/2012 - 15:02 | 2508272 Cathartes Aura
Cathartes Aura's picture

what part of "career Republican" is difficult to understand?

Fri, 06/08/2012 - 00:43 | 2506286 Teabunny
Teabunny's picture

sellout. now he has just lost all credibility! when mittens the kitten just rolled over and complained about cookies, while ted nugent was being jackbooted.....people decided this little marie antoinette of a cupcake was not leader material. despite what the "elites" say...that is what people feel. hes no strong leader...he is a strong stench! (yea, BO stinks worse...but still, no one will sit next to mittens on the bus!)

Fri, 06/08/2012 - 01:30 | 2506352 Harbanger
Harbanger's picture

Chill teabunny, You're sounding like and angry Lib.  I know, they should never have done that to Hillary.

Fri, 06/08/2012 - 02:27 | 2506399 toomanyfakecons...
toomanyfakeconservatives's picture

Just another distraction from real issue: oath fakers vs. oath keepers. The entire federal criminal cabal is about to be arrested and the federal government virtually dissolved. I expect the military to install Ron Paul temporarily until legit elections with legit candidates can be held.

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