If your post doesn’t appear right away, just let it ride. I just had one take two days to get through. If it doesn’t make it, it’s usually something technical. Glen is back on the “IOUSA. One Nation. Under Stress. In Debt.” topic.

I’m posting this comment at 11:41 am, how long does it take
to post comments?
I see on the utube guy ’s channel our comments were removed, too personal or if links to another site they remove it or what ? What do you think , Bob?
Tiff

I’m posting this comment at 11:41 am, how long does it take
to post comments? filtering? By whom?
I see on the utube guy ’s channel our comments were removed, too personal or if links to another site they remove it or what ? What do you think , Bob?

tif

Glad to see you’re still posting.

Trying to see how long it takes for the comments to show up here.

Tiff

Thanks for writing to me on the other site.
I’m glad you are still posting comments.
We really are living in strange times.

T..
now I’m getting more paranoid

The best one is “why do gold and silver have value?”
I think the answer to that is in the human desire to cheat death. Gold is permanent. It doesn’t break down or corrode or rust. If you were to stamp your name on a piece of gold and bury it in the ground, it would still be there in 5000 years. When we are alone, with time on our hands, we think about ways to leave a mark on the world. We want to be remembered and gold is a means to do that. Silver is poor man’s gold, I guess, not quite as permanent but strong enough to make a fork out of.

You’re right. When most people are just trying to survive, they won’t put any value on gold. When social order breaks down, what you have will only be worth what it costs someone to take it from you. If it costs them too much, they will leave you alone. However, disorder never lasts forever and there will always be wealthy or powerful people willing to pay for gold and silver and sparkly things . They might even take advantage of peoples’ desperation to accumulate those treasures. When the masses suffer, the powerful will protect themselves and they will always be there as a market for your goodies.

The other questions.
Do I think I can avoid the chaos? I don’t think I can avoid it but I want to survive it and do my part to rebuild something good afterwards.

Do I think I can protect myself and what I have from the starving masses? I don’t have much choice if I want to stay alive and help the people I care about. It won’t be easy turning my back on some people, but I’ve done all I can to get the word out that this is coming. At some point, they have to take responsibility for themselves. I don’t think many of the city people will make it out far enough to give me problems. I worry more about governments and military types. I’ve done all I can to be ready, we just have to see how it plays out.
I don’t get too carried away. The Gods can leave you sick and naked with a wave of their hands if they feel like it. Then all your careful planning won’t mean squat.

Most of your preparation for something like this has to be between your ears.
It’s closer every day Barry.

Okay, imagine a Monopoly game that turns socialist. Nobody is allowed to lose. If you run out of money and you land in the Boardwalk Hotel, you just write an IOU and agree to make payments every time you pass GO. If you need money to build some houses and you don’t have it, you borrow it from the bank and make payments from your GO money. GO money is guaranteed because you can’t lose. JAIL isn’t as bad as it used to be. Nobody will really let you miss a turn. When the bank runs out of money because the game goes on so long, the banker just prints off some more. As a result of all the money floating around, prices and costs in the side deals start to get ridiculous. There’s no limit to the number of hotels you can put on a place. Just borrow the money. Start making new game pieces. Highrises. Scribble on the cards and come up with new rents and rates. Can’t pay when you land on Boardwalk with a highrise? Write another IOU.

But then you find out that you’ve been playing in a Monopoly tournament. There are other tables where people have been playing by the rules and now the judges want to clean up the mess on your table and find out who is really winning.

Fake money is no good, IOU’s don’t count,…. now who’s got what?

The banker didn’t keep any cash. All that’s left in the bank are IOU’s and the fake money that he’s been printing. Some players have real cash and some don’t. Some people had everything in highrises that they can’t even own anymore because if it hadn’t been for the fake money, a highrise never would have existed in the game. Some people are holding nothing but IOU’s. It’s a real mess.

If the people running the tournament were good natured, they would just give your table a stern talking to and let you play again, but these guys aren’t like that. Whoever has the most real money, real property and real assets, wins. Period.

So there, that is why commodity values are going down. We’re going back to real money. When you can’t buy gold with fake money or IOU’s, it’s value comes down because there isn’t that much real money around.
It’s still worth something if you have it.
I think I will be able to understand that one.

The answer is simple. People need money. We have become accustomed to living beyond our means by finding ways to get free money. Investors have been desperately looking for something that they can buy that will make them gobs of money fast because they need money. They need money NOW to maintain their lifestyles! There seems to be a shortage of gold, silver and oil but people have been buying these things, not because they need them or because they want to have savings, but because they want to make fast money off of the shortage. They want to make something for nothing. Free money. When something that they buy doesn’t double or triple in value, they sell it and try to find something that will. The values of these commodities have been high because people have been buying them, in large part, with very little cash and mostly with imaginary money.

There is only so much real money(cash) in the system. Imaginary money(credit) is disappearing fast in the form of writedowns and so on. It just doesn’t exist anymore. Pretty soon, as credit disappears all that will be left is cash. If people have to pay cash for things, values will have to come down. People will only use their cash to buy things that they desperately need. As the value of the cash drops, commodities will be worth more in relation to currency values, but don’t buy gold and silver because you want to get rich. Gold and silver will always be worth something in every currency and owning them will ensure that your savings will always have some value, but what that value will be is anybody’s guess. Just be happy that you have savings.

The gravy train is coming to a halt. Soon, there will be no way to make free money. Investing, they call it. You’re going to have to produce something or provide a valuable service to your fellow man if you expect to make a living. You can try stealing, but when there is less cash to go around, I believe that there will be a lot less tolerance for thieves.
I find these thoughts refreshing and these times are long overdue.