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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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Fri, 06/08/2012 - 04:39 | 2506470 Anonymous X
Anonymous X's picture

Fucking Disgusting....

Thu, 06/07/2012 - 23:14 | 2506127 Martial
Martial's picture

Oh come on...the big reset is not going to be skittles and rainbows. Looking at only economic events gives you a tiny picture. You think the eugenicists that run the globe aren't going to seize on the "ordo ab chao" oppurtunity of a lifetime??? There's a reason a complete control grid is being put into place. The economic event(s) will be followed by a plethora of worse events. Sorry to sound so doomy and gloomy, but this is what happens when you let government run out of control for decades.

Fri, 06/08/2012 - 02:01 | 2506368 essence
essence's picture

"There's a reason a complete control grid is being put into place."

Man, you nailed it. And that what's truly scary. Not zommbies,not chaos,not mad max's government goons & drones working of behalf of the banksters to take their level of control to a whole 'nuther level.

Unfortunately the recent actions by the government only support this conclusion. To think otherwise is wishfull thinking.

Factor this into your plans people.

Fri, 06/08/2012 - 02:22 | 2506392 toomanyfakecons...
toomanyfakeconservatives's picture

I guess I'm wishful. I'm banking on the MASS ARRESTS of the the traitors from Obama and Brenanke on down and the virtual dissolution of the Federal Government by the end of this year. The powers that be control by illusion, and little else. The NWO is circling the drain and about to be flushed permanently. Central Governments-Banks are little more than a pimple on the ass of the ass of mankind that are about to get popped!

Fri, 06/08/2012 - 12:37 | 2507688 jemlyn
jemlyn's picture

We all wish it were so.

Fri, 06/08/2012 - 05:45 | 2506507 Acet
Acet's picture


We're half-way there already; state surveilance, captured press, bypassing of courts and weakening of the rule of law, laws and regulations designed to support well-connected large corporates (and even outright monetary state support).

It's going to be the 1930s all over again.

The big question is: Which countries will come through with a somewhat Democratic system where Individual Freedom is respected and which ones will turn into Police States?

In the US and the UK (where I live now) I keep seeing more and more things which are scarilly similar to the kinds of things my own country (Portugal) had during the Fascist dictatorship ...


Fri, 06/08/2012 - 06:01 | 2506518 Seer
Seer's picture

I don't believe that it's as nefarious as some might think.  I think that it's really just the natural evolution of any System that is predicated on perpetual growth on a finite planet.  As resources get tighter there needs to be more controls (that is, the System demands it; and, really, when you think about it, capitalism is all about being efficient with resources [yes, I understand that it's totally debatable whether we even have "capitalism"]).

The System has managed to produce and keep alive more and more people, and whether there are "plans" to change this or not the reality is is that nature will trump this and bring about de-population.  What's to blame is not individuals, or cabals, but humans' inability to understand that perpetual growth on a finite planet, regardless of what marketing tells us, is NOT possible.  We're going to see death live, just as have so many who have been on the other end of the US's military-industrial complex.

Thu, 06/07/2012 - 23:23 | 2506149 silverdragon
silverdragon's picture

The sooner Silver gets to where is belongs the better.

Fri, 06/08/2012 - 06:03 | 2506521 Seer
Seer's picture

Back underground?  That's where it will end up eventually (following the next glacial period).

Thu, 06/07/2012 - 23:27 | 2506161 prodigious_idea
prodigious_idea's picture

Trying to confirm the military storage of gold claim.  Not that it matters, but I'd like the facts.  What I did find suggested that it's in Knox and then scattered among several regional mints.  Please help.  Thanks.

Thu, 06/07/2012 - 23:51 | 2506202 Teabunny
Teabunny's picture

Its in Soros's coffin...he figured out how to take it with him! LOL

Thu, 06/07/2012 - 23:54 | 2506208 Teabunny
Teabunny's picture

of course, he forgot to take into consideration the low melt point! and where he's headed, he's gonna end up the gold dipped baby, himself! I love irony!

Fri, 06/08/2012 - 00:31 | 2506268 post turtle saver
post turtle saver's picture


"The United States Bullion Depository holds 4,577 metric tons (5046 tons) of gold bullion (147.2 million oz. troy). This is roughly 2.5% of all the gold ever refined throughout human history. Even so, the depository is second in the United States to the Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7716 tons) of gold bullion (225.1 million oz. troy), some of it in trust for foreign nations, central banks and official international organizations."

Fri, 06/08/2012 - 00:52 | 2506296 gwar5
gwar5's picture
I believe Rickards reviews the stated whereabouts of gold in the USA in the Doug Casey article shared with GATA, with the caveat that he takes the information at face value since he has no reason to doubt them due to any concrete evidence to the contrary, and discounts any claims against it, eg.,  from any gold that may be 'leased'. 


Says the FED does not publically audit the gold because it would draw attention to it and elevate its importance. The FED no likey.


Jim Rickards: U.S. can't audit gold without revealing its ... - GATA 


Thu, 06/07/2012 - 23:38 | 2506181 PLove
PLove's picture

Silver comes in very handy after the meds run out.

Thu, 06/07/2012 - 23:55 | 2506211 Winston Smith 2009
Winston Smith 2009's picture

"which following its collapse will be replaced with something different, something stable."

IF we're very lucky.  And, BTW, post-crisis police states often tend to be very stable

Thu, 06/07/2012 - 23:56 | 2506215 Teabunny
Teabunny's picture

yea, Hitler, Stalin, Mao...they perfected that portion of the process! 

Fri, 06/08/2012 - 01:25 | 2506344 Dr. Sandi
Dr. Sandi's picture

There can be a small price associated with stability.

Fri, 06/08/2012 - 02:17 | 2506388 toomanyfakecons...
toomanyfakeconservatives's picture

I'm banking on the MASS ARRESTS of the entire federal criminal cartel and the virtual dissolution fo the federal government by the end of this year, per the "Drake interview"...

Fri, 06/08/2012 - 00:00 | 2506221 Zgangsta
Zgangsta's picture

The trouble all started when they shut down the Horizons pavillion at EPCOT Center, and people lost their only concrete vision of a future that they could have hope in.

Fri, 06/08/2012 - 00:01 | 2506225 Godisanhftbot
Godisanhftbot's picture

 I keep askin', but not gettin' a good 'swer.

 If gold is so wonderful and will save your soul, not to mention your butt, how come its so easy to buy, and how come they are so anxious to sell it to you for $$$$.  They cant be turning it into gold, or they wouldnt sell you the gold to begin with.



Fri, 06/08/2012 - 00:13 | 2506243 jimmyjames
jimmyjames's picture

I keep askin', but not gettin' a good 'swer.  If gold is so wonderful and will save your soul, not to mention your butt, how come its so easy to buy, and how come they are so anxious to sell it to you for $$$$.


Well-you've never asked me before-so here's your answer-since you're obviously confused-

Gold is the most liquid asset there is-same as the dollar-it can be bought and sold and accepted anywhere anytime-just like the dollar-

It is exchangeable in any currency anywhere any time--just like the dollar-

This is what makes gold so attractive to hold--just like the dollar-

Gold has a much longer history of being the most liquid/fluid and accepted asset--unlike the dollar-

Got it yet?

Fri, 06/08/2012 - 02:57 | 2506422 bezell
bezell's picture

Spot on Jimmy !!!!! Gold has history......$$$ will be history

How about that


Fri, 06/08/2012 - 00:35 | 2506274 gwar5
gwar5's picture

Ever been to a foreign country and they wanted your USD instead of their own currency?  It'll be like that with gold and falling paper money.


You know the end is not far away when Brazilian supermodels married to NFL quaterbacks refuse to be paid in USD. Even super-crony Warren Buffet was saying to get out of the USD in 2005, or about 20% ago. He was betting on China back then.  Not wrong, just early.

Fri, 06/08/2012 - 00:51 | 2506295 Teabunny
Teabunny's picture

Because...Its pretty! 


(actually, for large investors, they don't sell you REAL gold! oh no, thats gone! they sell you promisory notes, futures, options....paper! what, you gonna have a pallet delivered to your home or offices, and distribute it among your clients!? hahahahaha...they are robbing you blind! thats why they want you to buy! wait til the paper and physical market separate, and you see the true "adjusted" values! there will be the redistributive justice!)

Fri, 06/08/2012 - 02:31 | 2506404 tenpanhandle
tenpanhandle's picture

the exact minute you can't buy physical gold with the US dollar is the exact time the shit flies - that is why you can buy it whenever you want right now but they are sure trying to discourage that as every ounce that gets stacked is an ounce that can't be bought with those FRNs.

Fri, 06/08/2012 - 00:10 | 2506237 tempo
tempo's picture

The Digital monetary system is the new reset so that you can buy and sell only based on the new computer units you are allocated. All existing assets can be used in trade. Try living w/o any trade or barter.

Fri, 06/08/2012 - 00:18 | 2506249 gwar5
gwar5's picture

Agree with article, anyone can see it coming a mile away. If it seems like there's a cold war going on between the people and TPTB it's because there probably is. Rule of law is always the first casualty. Government has been the biggest prepper of all, they've been methodically closing all the exits for 4 years.  Not a good sign.


Free medical advice: Don't forget to get your medical and dental work done now, and find out if you have any unknown issues.

Not hard to figure what else to do, just look at what others have done in history and what some smart Greeks are doing now. It's always the same. Would also be very wise to have hard copies of important information, a birth cerificate (not a forgery), an updated passport, and not be dependent on the internet or your hard drive.


Nigel Farage, June 7, 2012:

“All I can tell you is when I look into the eyes of the leaders of Europe, and as a leader of a group in the European Parliament I do get eyeball to eyeball with them, when I look into the eyes of these people, frankly what I’m seeing now is madness, absolute, total and utter madness.

I really believe that when we look back in decades or centuries to come, we will see what is happening now in the eurozone as something of huge historical significance. People will say to themselves in classrooms, in a couple of hundred years time, ‘How could they have been so stupid?’”



Fri, 06/08/2012 - 02:13 | 2506380 toomanyfakecons...
toomanyfakeconservatives's picture

The rule of law has been on its deathbed for decades and as far as "closing the exits" goes, the most powerful modern army the world as ever seen could not dislodge human rodents armed with stolen small arms from the sewers of Warsaw without taking heavy casualties and resorting to the costly and extended use of 15 inch cannons.

It's the pimple-on-the-ass-of-humanity government that has no exit. Natural law and the Constitution is about to make a roaring comback. Obama, Brenanke, and the whole lot of them will be in FEMA camps before the end of the year.

Fri, 06/08/2012 - 03:23 | 2506443 gwar5
gwar5's picture

Agree with everything you said! Especially liked your reference to Natural Law and the Constitution. Yes, we did have that debate with the monarchs about 300 years ago, and they lost. Seems our new master race of elites are insisting on a do-over and trying to overtly go back to medieval on us. 


Exits: I was specifically referring to the economic exits around the world quietly being cut off, to Americans and others, such as being blocked from opening foreign bank accounts and moving money and assets. That speaks volumes to a SHTF countdown scenario -- what they knew and when they knew it. The IRS was cracking open the Swiss banks before 2008. All foreign banks are now de facto agents for the IRS doing their dirty work, like the STASI. 

Fri, 06/08/2012 - 10:56 | 2507296 toomanyfakecons...
toomanyfakeconservatives's picture

Yeah, I sort of figured you meant financial exits. The exits that are going to be closed then the arrests take place are going to be physical exists... the borders. These pricks won't be able to escape the country or the world, unless they have a spaceship.

Fri, 06/08/2012 - 00:33 | 2506270 luckylongshot
luckylongshot's picture

"You have a choice between the natural stability of gold and the honesty and integrity of the members of government and with all due respect to those gentlemen, I advise you, as long as the capatalist system lasts, vote for gold." George Bernard Shaw.

Fri, 06/08/2012 - 00:34 | 2506272 phyregold
phyregold's picture

I've been waiting for the right zh post to ask this question and it sort of bothers me I'm asking this here but I believe zh to have some of highest amount of truth out in the Internet world. So let me ask my question.

I'm a software programmer that has developed a live market analysis tool for car dealerships to accurately price their vehicles in their market based on several factors. I believe that I came create 6-8 jobs in the next 12 months in the current economic environment. Yes there is other software out there that does this also but I am able to create a good product that Is much more affordable.

I have over 6k in cash a few k in silver 6 months food, and that's really the end of my preparedness.

The only debt I have is a mortgage in a two income home.

I would need to spend at least the cash in order to sell licensing of my software mainly due to licensing needs of what I have developed.

So what do I do? Batten down the hatches or risk what I got and try to create.

The one big reason I have to ask here is because if banks stop lending cars stop moving and that's no good for selling cars.

Fri, 06/08/2012 - 00:47 | 2506293 Psyman
Psyman's picture

You sound extremely poor.  Barely getting by.  Living pay check to pay check.


Take your meager savings and try to maximize your return by investing it in your business.  Burying junk bags of silver coins under the crawl space of your rambler is fucking lunacy.  These people are diseased, don't let their Doomsday cult hysteria turn you into one of them.

Fri, 06/08/2012 - 02:06 | 2506375 toomanyfakecons...
toomanyfakeconservatives's picture

Poor is living under a tarp in Florida or in a car in California. I'd be shocked if more than 2% of Americans has 6 months of food "in the bank" like this guy does.

Fri, 06/08/2012 - 14:26 | 2508125 phyregold
phyregold's picture

Extremely poor, if that is extremely poor to you i'm not sure what to say.


Were you on the latest episode of the Lifestyles of the Rich and Famous?

Fri, 06/08/2012 - 00:51 | 2506294 AssFire
AssFire's picture

I think a guy like you would do well in Texas...the best thing you can do is go where there are fewer parasites who, lets face it will be the danger.. I will even tell you the best place to be; the woodlands.. heaven on earth.

Fri, 06/08/2012 - 00:57 | 2506305 Teabunny
Teabunny's picture

I would love to see this mess turn around. even if you could create 1 million new jobs...its too late! take your Shxt and go to ground! a year and a half ago, sure...a year ago even...sure. not the time, even for an innovative new idea. buy barterable may run a general store that does barter soon! batton down and buckle up! locate near farm land or wilderness...around hunting cabins (meat from hunters, for beans...veggies from private gardens for meat! rural communities have seamstresses, canners, chicken could position yourself as a hub!) God Bless.

Fri, 06/08/2012 - 01:29 | 2506351 Dr. Sandi
Dr. Sandi's picture

Figure out exactly who in your region could make the most $$ from using this software. Go offer them a minority piece of the action for a grubstake. If there's a market, there may be an angel who can turn this into cash for you.

Fri, 06/08/2012 - 06:32 | 2506534 web bot
web bot's picture

Cash is king... how soon can you start to generate positive cash flow? It seems that your major expense is labor... so if things turn south, you don't have any fixed expenses to speak of, you can quickly eliminate your labor. I'm presuming you'll work out of your home and have your people work remotely. I would not invest in an office, etc... keep your fixed costs low. Also see if you can get a couple of customers on board to test your product. Nothing like having a few customers in hand prior to really starting your business.

You can only focus on what you are in control of. You've done better than most.

While many people on ZH say head for the hills... unless its a total and complete breakdown or some sort of zombie attack, research shows your best bet is to work with your neighbours. Not all collapses are Sarejevo or Syria...

IF we have a complete collapse of the banking system, I would not worry about payments, etc... just make sure you have family outside of urban areas or a place that you can go to. Bank payments will be the last thing to really worry about.

Just for legal reasons... this is an opinion, not investment advice.  :D


Fri, 06/08/2012 - 09:38 | 2506933 Waterfallsparkles
Waterfallsparkles's picture

Your best investment is an investment in yourself.  If you can build a successful Business you will have nothing to worry about.

If you do not follow your Dream you will never forgive yourself.  So, invest in your Business idea.  If it happens to fail it will be a lesson well learned and one that you can use to be even more successful in the future.  As we learn by our mistakes.

No one ever got Rich by not taking a chance.  Go for it.

Fri, 06/08/2012 - 00:39 | 2506279 Diatribe
Diatribe's picture


Live records for multiple radiation monitoring stations near the border of Indiana and Michigan have shown radiation levels as high as 7,139 counts per minute (CPM). The level varied between 2,000 CPM and 7,000 CPM for several hours early this morning (EST).

Normal radiation levels are between 5 and 60 CPM, and any readings above 100 CPM should be considered unusual and trigger an alert, according to information listed on the RadNet website (at




Fri, 06/08/2012 - 01:31 | 2506353 Dr. Sandi
Dr. Sandi's picture

So, is the Fermi plant still standing?

Just curious.

Fri, 06/08/2012 - 06:37 | 2506542 web bot
web bot's picture

Try the local college to see if they have geiger counters monitoring. You want to get multiple and independent locations verifying the same data. It would be hard to suppress hundreds of people in the know on this. People have families and interests and something like this would be out in the open.

Fri, 06/08/2012 - 00:44 | 2506290 Psyman
Psyman's picture

More Doomer Survivalist nonsense.  "Dump all ur money into land and toilet paper!  World's coming to an end!  Bury nickels under your crawl space!  JESUS RETURNING!"


I'd take you people more seriously if you weren't American -- and if 90% of Americans didn't believe in God and the eventual second coming of Jesus.  You're borderline Doomsday cultists and we've long since passed critical mass among ZH commenters that came here from the survivalist community.


Bunch of nut cases.  Half of you believe the government did 9/11 and is run by some kind of Space Lizard Jewish Illuminati Alliance that feeds on human flesh and will soon sweep the countryside clean with death squads shuffling people in box cars off to FEMA camps.  And your solution isn't to leave the U.S., no no, it's to dig yourselves in by turning your liquid assets into illiquid garbage like 20 cases of toilet paper and whiskey.


The real solution to the very real problem of the totalitarian American police state is one too terrifying for you to face - liquidating everything and leaving the American police state while you still can.

Fri, 06/08/2012 - 01:40 | 2506357 Teabunny
Teabunny's picture

and go where? welcome to global governance! we all go down together. you see, there are too many of us filthy creatures breathing, and heating up this pristine planet. we simply HAVE to go! Guya forbid we should cause them to suffer, by our nere existance! we are the rabble, consuming their resources! that will not do! silly monkeys...think they can destroy our environment! Where will we practice our dressage? I know my Lipizzan is having greater difficulty breathing as of late! He can barely keep up with the routine! those filthy monkies have to go!

Fri, 06/08/2012 - 01:58 | 2506366 toomanyfakecons...
toomanyfakeconservatives's picture

Which turd-world countries do you suggest moving to? Oh, and personally, I choose to believe Architects for 9/11 Truth over the Popular Mechanics version of events.

Fri, 06/08/2012 - 02:43 | 2506415 tenpanhandle
tenpanhandle's picture

no one can tell me whiskey isn't liquid and I need the toilet paper as you speak.

Fri, 06/08/2012 - 03:20 | 2506439 Cosimo de Medici
Cosimo de Medici's picture

I think you are on to something.  Look at the hate and anger and paranoia they have brought to Zerohedge.  Anybody think they are going to leave that on the kitchen table when they grab their bug out bags and head for the hills, when things are even more difficult and more uncertain than they are today?  They'll find something new to hate wherever they are, because that is who they are, and in the end they'll slaughter each other. It'll be all chiefs, or Chief Wannabes, and no Indians.  And they'll fight over that.  They'll fight over anything.   They'll be extinct faster than the folks still sitting at home watching re-runs of Idol, who will be unaware the world ended.

Fri, 06/08/2012 - 06:14 | 2506529 Seer
Seer's picture

Painting in broad brush strokes risks getting paint on oneself...

Fri, 06/08/2012 - 03:29 | 2506449 Colonial Intent
Colonial Intent's picture

"Space Lizard Jewish Illuminati Alliance"

For that you win the internet.

Fri, 06/08/2012 - 00:46 | 2506292 pissing_excellence
pissing_excellence's picture

Frosty is right.

Fri, 06/08/2012 - 00:55 | 2506302 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 - 01:54 | 2506363 toomanyfakecons...
toomanyfakeconservatives's picture

What? The world is not going in to rapidly descend into a Mad Max/Gamma World type of situation? If not, there are going the be a lot of disappointed "preppers" out there.

A lot of Americans spend a lot of time having what I call "Alamo Fantasies"... you know, building bunkers, stockpiling ordnance, and obsessing over every little detail of a final apocalyptic battle that they expect to take place at their primary residence, bunker, or retreat in the woods. Alamo fantasies are addictive, but not very productive.

I believe the "great reset" is going to begin/occur this summer. Call me crazy, but here is what I see happening in America. 1. MASS ARRESTS of bankster-politicans and their henchmen, and the virtual dissolution of the Federal Government per the Drake Interview ( 2. Serious but manageable disruptions followed by a roaring comeback of the Constitution and natural law (ie self-defense, put whatever you choose in your pipe and smoke it, etc) 3. FEMA camps repurposed to be used on the arrestees rather than on  us. 4. Real money returns and currency revalued such that the little guys get a 1:1 exchange and the "big guys" get pennies on the dollar if they get anything at all 5. The U.S. military becomes primarily a humanitarian organization that helps people instead of bombing them. 6. Dec 21st 2012, time slows down and mankind enters a golden age the world hasn't seen in a long time, if ever.

Fri, 06/08/2012 - 02:21 | 2506391 Teabunny
Teabunny's picture

yea, madoff and MF global were just flukes! and Jamie Diamond, george soros, and most of congress will just come along quietly! LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

Fri, 06/08/2012 - 02:41 | 2506413 toomanyfakecons...
toomanyfakeconservatives's picture

They are just men, not gods. They can and will be arrested... and not by Holder's DOJ, arrested by federal marshalls and the U.S. military.

Fri, 06/08/2012 - 03:27 | 2506448 Colonial Intent
Colonial Intent's picture

If only............

Look, this day of arrests thingy isnt going to happen.


Fri, 06/08/2012 - 06:20 | 2506531 Seer
Seer's picture

Listen, these are STILL just the puppets.  "Federal Marshals" and the "U.S. military" belong to the bankers: if they didn't they wouldn't be committing the crimes that they're currently committing, in which case you'd only be hoping that they'd magically change coats; frankly, that's not a bet that I'd place.

People will still want their "gods," and the whole march to slaughter would start anew, with the sheep not knowing that it is They who are for dinner.

Fri, 06/08/2012 - 01:51 | 2506364 Olympia
Olympia's picture

The end of the world is near.

When Barack Obama announced the US (2010) national budget for this year, we experienced unprecedented feelings. Never before had an imperialistic power moved them to pity. This is unthought-of. This year’s deficit is estimated to be $1.6 trillion and its foreign debt has gotten completely out of hand. It hits numbers that only mathematicians and astrophysicists knew existed few decades ago. There is no space for these numbers in the electronic boards so it is driven to add new elements on them.

 It all started with the big crisis of 1929. The American economy reached a deadlock because of its social "pathogenesis"; a deadlock that led it to economic crisis in a different - faster- pace than the rest of the industrial forces of that time. Important decisions had to be made - mostly social - and the Whites didn't like that, especially the Whites' rulers, the Anglo-Saxons.

Authored by Panagiotis Traianou

Fri, 06/08/2012 - 02:22 | 2506394 Teabunny
Teabunny's picture

controlled collapse! where did I hear that term...oh yea...SOROS!

Fri, 06/08/2012 - 01:59 | 2506369 gorillaonyourback
gorillaonyourback's picture

fuck i feel better now,, whew is was bout to sell everthing git good n drunk an party like there is no tommorrow. 


now im back to the same pessimistic fuck i see in the mirror    ,,,,,,,,,,,,,sigh,,,,,,,,,,,,,,,

Fri, 06/08/2012 - 02:02 | 2506370 Bastiat009
Bastiat009's picture

You go to sites like MarketWatch and you read that the economy is doing well, improving and that you should always buy stocks. Which is a major lie.

Then you come here and you read that the world as we know it is about to end. The problem is that I have been reading that for years and nothing is happening.

But I always enjoy a good fiction so thanks for the entertainment.

Fri, 06/08/2012 - 02:06 | 2506374 orangegeek
orangegeek's picture

control - alt - delete

Fri, 06/08/2012 - 02:09 | 2506376 hooligan2009
hooligan2009's picture

It's not Armageddon...its Eurogeddon...or Dollargeddon..or Sterlinggeddon...or Yengeddon..

Kind of like...Knock Knock...Who's there...Eurogeddon...Eurogeddon who...Eurogeddon hammered..or bonga bonga'ed...or...laid (low?)..need to have a few hookers to be the ones knocking on the door and a sorority hase setting for alpha beta delta...with a belushi or two having a face full of cream cake and spitting

Fri, 06/08/2012 - 02:14 | 2506382 cpzimmon
cpzimmon's picture

By gold. I tink i uunderstatnd. What do i doo next?

Fri, 06/08/2012 - 06:47 | 2506549 ootofthehoos
ootofthehoos's picture

Next, you sell it, to buy the crashed businesses that survived the devastation because they are a income/profit opportunitiy for you.

Fri, 06/08/2012 - 02:31 | 2506402 walküre
walküre's picture

Who here is still spending money on anything except what is absolutely essential?

The more people hear about Europe's problems, the less they feel inclined to spend.

Negative news are having that affect on the psyche of consumers.

Q2 revenue and sales are falling off a cliff and this crisis is just in the warm up phase.

Q3 and Q4 will perpetuate the fallout. Market is due for a massive pullback. Don't care what BenShalom says.


Fri, 06/08/2012 - 06:57 | 2506564 farmerjohn2112
farmerjohn2112's picture

Truth... every week, it seems, the essentials cost 2% more than they did the week before.


Fri, 06/08/2012 - 03:10 | 2506429 toomanyfakecons...
toomanyfakeconservatives's picture

Seriously folks, how many of you have been in the U.S. military or the legal profession? How many of you have been in both? I have and I ask you because of this... how much longer do you think the mighty U.S. military is going to remain a spectator while this runaway trainwreck called the United States Federal Government thrashes about the world, utterly outside all Constitutional bounds and completely out of control with nobody except for perhaps a Kenyan Marxist at the wheel?

Ultimately, the people with the guns are in charge. It's been that way since Samuel Colt's day. The U.S. military will soon put it's foot down once and for all and back the lawful arrests of all these pricks. I fully expect to see Obama, Brenanke, and 9/10ths of Congress and the Senate in chains this summer. Yes, the ramifications are absolutely mind-boggling, but that's not going to stop it from happening.

Fri, 06/08/2012 - 03:45 | 2506454 diesheepledie
diesheepledie's picture

You really expect the little mindless robots in our military to rise up? REALLY?? The reason they are in the military is because they are ROBOTS. Tools. Prove me wrong. I see some that I know graduating from complete lobotomized sheep to semi aware farm animal, but not much beyond that. The "patriots" are the most wonderful of sheep. Prized animals indeed.

Fri, 06/08/2012 - 10:52 | 2507277 toomanyfakecons...
toomanyfakeconservatives's picture

I believe you may have become unhinged.  Millions of veterans and active duty American military personnel are painfully aware of the dire global situation, how we got there, and what needs to be done to change course. I'm not talking about the military rising up. I'm talking about them simply doing their job and simply assisting in taking the political-financial trash out to the curb. They are well-positioned to right the ship at all levels and again, they have all the guns.

Fri, 06/08/2012 - 15:19 | 2508314 Cathartes Aura
Cathartes Aura's picture

yeah, like most of the commentary on ZH, this "point" has been repeated since I began reading here, over 2 years ago. . .

and yet, people are still enlisting, still being deployed around the world, they're still drawing the paychecks and bennies from the .gov - seriously, what are "we" waiting for?

"simply doing their job" is what they're already doing - you've just failed to realise who their "boss" is and what the "boss" requires of the employees.

who are the ones flying the planes in all NATO countries, including amrka - the ones that aerosol the skies above?  when will they stop poisoning their "fellow citizens"?  etc.


Fri, 06/08/2012 - 03:42 | 2506455 Tic tock
Tic tock's picture

Not so fast - the military cannot pursue a direct approach. Simply, it would create a political power vacuum, it could initiate martial law, but it would not be able to close the situation with a 'victory'. What the US military is doing now is about as much as it is able to.

This current mess is between the monetary overlords and the political strata, between them they have completely lost the plot...the fiscal imbalances inherent in economic relations ought to be corrected in such a way that they are socially-acceptable...i think this is the theatre of the current war; and why the ranks of the Police have been chosen for their thug-mentality, by-and-large.

Fri, 06/08/2012 - 10:16 | 2507067 toomanyfakecons...
toomanyfakeconservatives's picture

I never suggested they'd take a direct approach... rather they'd do it the indirect and legal way as detailed in the 2nd hour of the Drake interview.

Sat, 06/09/2012 - 05:28 | 2509838 WTFx10
WTFx10's picture

If the American military machine had any common sense that would be the logical out come. They have already dismantled the constitution so a military coup should be what our civilian army should do . The top men have to know that the so called people in cahrge are destroying this country from Bankercide. This is the only time I would like to see the miltary being used in the US. Those fema camps could hold all of the criminal fianancial terrorists too. They can put the BIG boys in Gitmo , Jewish and muslim terrorists together. The ones that created the other ones.

Fri, 06/08/2012 - 03:31 | 2506450 diesheepledie
diesheepledie's picture

If you can't already:

Learn to shoot,

Learn to hack,

Learn how to feed yourself and family without FRNs,


Fri, 06/08/2012 - 03:34 | 2506451 ZeroIQ
ZeroIQ's picture

Why gold? gold is boring! I prefer a levered bet against index instead.

Fri, 06/08/2012 - 03:52 | 2506457 Olympia
Olympia's picture

Germans plunge Europe into a new Medieval Era.

Are they ready to take that risk ?

It was Germany that took huge loans from the American FED. It was Germany that put the markets up to buying ownership shares of the European Central Bank, which has burdened the States with sins. It was this State that lured the rest of the Europeans into a dissolute life so that it can pass the burden of its debts, hence its own sin to them. The current epidemic of debt crisis has begun from Germany, it is just that it kept its disease a secret and at the expense of everybody else, and now that it is in a better shape, it has gone hunting in order to take advantage of the disease it itself had created. The first State to have sickened has gone hunting for the one who was most weak in dealing with the disease, and that was Greece. If Germany had not been over-indebted, the European states would have never been vulnerable to the markets’ attacks.  If Germany had not been over-indebted the European states would have never been forced to mortgage their existence so that Germany’s bosses can get their money.


The Eastern gates of Europe at risk: How Northern Europe shoots itself in the leg



Fri, 06/08/2012 - 04:41 | 2506473 diwolf
diwolf's picture

You want to sell gold. Then make people anxious about the future.

Fri, 06/08/2012 - 04:43 | 2506474 Floodmaster
Floodmaster's picture

The six largest financial institutions in US have assets that are equivalent to all the gold in the world (over $9 trillion) , They will "shake the tree" and treats gold as a collectible for as long as they will stay alive.

Fri, 06/08/2012 - 05:29 | 2506497 boogey_bank
boogey_bank's picture


in Your opinion, for people living in piigs countries is a good way to invest in gold and silver overseas, or is it a confiscation scheme, given that its storage fee is 0.2 monthly for gold and 0.5% for silver? (in soon to be heavy dollars if the euro sinks or if your own country leave the euro).

Would You invest in if You were a piig? ( ;-) no pun intended)

Fri, 06/08/2012 - 05:41 | 2506504 Thoresen
Thoresen's picture

Jeff Neilson has a good summary of how we got here.

No idea why he isn't in the ZH reading list on the left column.

Fri, 06/08/2012 - 06:12 | 2506527 falak pema
falak pema's picture

what he is saying explicitly in financial terms, many contributors here at ZH have said in more prosaic terms based on historical precedent. Yes, world governance as concocted by Pax Americana is at the cross roads in Europe. We don't now who is who behind the curtain; is it Hollande? As implied here. IMO Sarkozy was much more on that US banking cabal agenda. But this guy may be right. Eurozone is now viral and the Euro itself is now a millstone around the peripherals. They should leave ASAP. Neither Merkel nor Draghi have a convincing solution to propose these countries which are burning before our eyes.

What is most urgently required by sincere governments is for central banks to regain their independence and pull their banking systems outside the financial toxic loops of "exotic" derivatives which should be simply banned and all naked transactions Tobin taxed on the remaining normal derivative plays (puts and calls on currency markets). 

Fri, 06/08/2012 - 05:49 | 2506509 falak pema
falak pema's picture

does ZH now promote, apart from PM hedge to save our assets, spontaneous and grass roots civil violence against the consequences of reset which it feels is inevitable?


In the absence of a collective national will to obtain justice for the people, in this unending runaway spiral. ( I assume that TDs share the line of thought presented in this apocalyptic post). I don't know what the TDs have in mind when they say that the elected governments of the first world are now the instruments of coercive financial extraction to sustain a political/banking oligarchy system, (the debtors), which has become covertly criminal, as overtly it is seen as totally legit, (nobody has been prosecuted),  but lies to its own people (the creditors); all the while protecting those; unknowns, zombies, martians?;  who have robbed the economy. 

Cause and effect. Who is to blame? We know who is to pay for the reset, its the people. So what is the purpose of this analysis if it doesn't point to a solution, to a political outcome that ZH endorses...I don't understand the editorial slant of ZH, beyond financial advice. We need clarity about what the options are for those who will get stripped naked, for no fault of their own. I know the ZH mantra is to counsel its readers to go to PMs to protect their assets.

Is that ALL we can do? The issues raised here on ZH go much further than just financial advice, its about societal collapse and crisis of civilization. So this being the case, every responsible public forum has to go to the bottom of the analysis to address the issue fully, not just skim over the underlying issues and outcomes of a global system failure of this magnitude. 

Lets hear ZH promote a platform which states clearly action points enumerated that it would like to see done in the US, a nation state that is the hub of the current crisis since 2008. We need editorial clarity here more than projections of upcoming doom and gloom. On both sides of the pond we know the cycle is now out of control. 

Assuming that public pressure could be exerted through a clearly stated objective of priorities, what would they be in the eyes of the ZH editors? Unfortunately for ZH readers, those of US origin, RP is not going to get elected.

Quo Vadis? Military take-over? More of the same? Foreign Wars? Print forever and come what may?

I guess TDs feel this is not on their agenda to analyse the geopolitical outcomes of the reset from their editorial perspective. Pity, but thats just my take. 

Fri, 06/08/2012 - 06:35 | 2506541 Seer
Seer's picture

"Lets hear ZH promote a platform which states clearly action points enumerated that it would like to see done in the US, a nation state that is the hub of the current crisis since 2008."

Platforms are for hijacking.  Plus, they tend to kill diversity, create group-think.  Nature requires diversity.

I don't see things as being "doom and gloom" to anything other than the status quo Systems that are unsustainable to begin with.  And if ZH starts to tell us how things should be, and especially if such is based on same underlying poor premise of perpetual growth on a finite planet, well, I'm out of here.

Fri, 06/08/2012 - 06:53 | 2506552 falak pema
falak pema's picture

hey, I don't think debate and "free will" of the other will kill yours; on the contrary it could feed your mindset. Nobody is perfect and ZH and the TDs are humans like you and I, not gods. But they are intelligent humans, whence my post!

Platforms are for debate, as ZH is not a political party but part of civil society. 

Fri, 06/08/2012 - 09:47 | 2506966 Seer
Seer's picture

I wasn't trying to badger you on this.  Just placing out a caution.  Consider that these are the same methods utilized by those in power.

"I don't think debate and "free will" of the other will kill yours"


“The chief cause of problems is solutions.”

- Eric Sevareid

We would be best served by taking the above quote very seriously.  I have engaged in many a discussion, and nearly all seem to start off with incorrect premises, which, as Sevareid presciently noted, thus tended to cause problems more so than solve problems.

"ZH is not a political party but part of civil society"

No, but there's ample similar thinking, thinking that's a pretty close match to that of the Libertarian Party.  Not saying that this thinking is necessarily bad, just that your statement seems a bit ignorant of this point.

Fri, 06/08/2012 - 10:18 | 2507068 TrulyStupid
TrulyStupid's picture

“The chief cause of problems is solutions.”

- Eric Sevareid


This is not always the case, some problems are actually solved:

If the problem has been mistated, misperceived or distorted then the implementation of a solution will fail. Consider the Iraqi invasion and war, it was presented as a solution to a misstated problem ( revenge on a perceived attacker). We have been doubling down on the original "solution" - violence - for a decade and the resolution is further away than ever and will remain so until we acknowledge the mistatement of the problem.


Fri, 06/08/2012 - 06:35 | 2506540 ootofthehoos
ootofthehoos's picture

; are becoming a fad, like meme became a fad last year.

Fri, 06/08/2012 - 06:57 | 2506550 NuYawkFrankie
NuYawkFrankie's picture

Better be prepared to fight - or get used to the idea of croakin'. Gold aint gonna save you.

Fri, 06/08/2012 - 06:59 | 2506567 AE911Truth
AE911Truth's picture


Tyler, smart of you to qualify your statement with the qualifier "MONETARY" gold.

OK, so what about all the "non-monetary gold"?

How much is there?
Where is it?
Who owns it?

And why is it non-monetary?

No, I am not talking about wedding rings and gold necklaces.
I am referring to the Green Hilton Agreement.

Fri, 06/08/2012 - 07:22 | 2506602 AE911Truth
Fri, 06/08/2012 - 08:58 | 2506784 Waterfallsparkles
Waterfallsparkles's picture

I think Gold is in essence Money.  If there is a Monitary collapse and everyone needs to survive with barder then Gold will have no value.

People will want to trade for things they need to survive. Like food, shelter, water, tools, fire wood, etc.

If there is no value in Money than that will mean that there will be no value in Gold as well.  Gold is a unit of value baised on the value of Money.

Ok, I am ready Guys and Gals.  Lets see how many junks I can get.

Fri, 06/08/2012 - 10:01 | 2507010 TrulyStupid
TrulyStupid's picture

You have it backwards:  Sound money is a unit of value based on gold: When the US confiscated gold and later went off the gold standard, the value of their money (vs. gold) depreciated and has been steadily depreciating since. If your thesis was true, gold would have become next to worthless since the unpegging.

Fri, 06/08/2012 - 09:25 | 2506882 mendolover
mendolover's picture

Is fucking Jim Cramer for real?

Fri, 06/08/2012 - 13:19 | 2507837 janus
janus's picture

approaching the end-game, bitchez!

this is the end of our beginning.

time to start leveraging our influnce.

war is not hell; it's fun as hell.

we're gonna move through that line like shit throgh a goose,


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