[Ludi]

$this->bbcode_second_pass_quote('AAA"
[quote="Schmuto', '
')Of course, now that we're going socialist/fascist, the laws will soon be changed . . .

[AAA]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('AAA', '
')$this->bbcode_second_pass_quote('Schmuto', '
')Of course, now that we're going socialist/fascist, the laws will soon be changed . . .

[Ludi]

$this->bbcode_second_pass_quote('AAA', '
')When they need money they usually go after the rich similiar to what we are seeing now.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('AAA', '
')So the estate tax is basically a tax on the rich and everybody knows the Dems like to increase taxes.

[vision-master]

AAA,

Southern California - capitalism run amuck.

Don't lose yer J.

[Blacksmith]

Governments will go after:

(1) Money that cannot move offshore.

(2) Money that will not result in political donations being cut.

[vision-master]

$this->bbcode_second_pass_quote('Blacksmith', 'G')overnments will go after:

(1) Money that cannot move offshore.

(2) Money that will not result in political donations being cut.

[EndOfGrowth]

$this->bbcode_second_pass_quote('timmac', 'R')emoving large amounts of cash in 1 day does send up red flags to the ATF and DEA, banks do report this, they have to, it is always better to do smaller amounts over time, banks are not shutting down anytime soon so you do have plenty of time, let the over reacted ones remove large amounts and the GOV will focus on them and you will not be noticed withdrawing small/medium amounts over a few months..

Same goes for stock piling large amount of ammo and guns in a short time, do it slowly and a little at a time, they are watching, don't use credit card when buying ammo for stock piling...

Be wise about getting ready for when and if SHTF..

[Newfie]

Damned if I know what will happen. But ifn I had to bet I would say that the way to go would be to predict that people would in general try to "stay the course" and stay in denial as long as possible. Then when it is no longer possible the herd will panic and stamped in a unpredictable direction.

I don't know that hyperinflation vs. deflation really matters that much. As long as things are controlled and don't change too quickly we will go along.

Thus the question becomes - how long until the herd panics? How long do we go along for the ride? Judging by the mood of the public I see we are not there yet, but it could shift very, very quickly when it does.

That is what scares me. The unpredictability of it all.

Thoughts? When does panic set in?

[Schmuto]

$this->bbcode_second_pass_quote('Cid_Yama', '')$this->bbcode_second_pass_quote('', 'I')'d wager that nobody who reads this thread has to worry about either estate or gift taxes.

[Cid_Yama]

Three and a half million really isn't that much. Wouldn't even cover an AIG bonus.

[alokin]

If you have one two or three and a half million you don't really have to worry about an economic crisis. You buy yourself a nice farm and you even will have some savings left for equipment.
But most of us think about spending several hundreds or not, some maybe several thousands. When to put all that money under the mattress? Next week in some month another year or two?
Apart from CID having trouble getting a good sum of money out of the bank there are no clear signposts (unless the ones we're yet used to, like printing more and more money). But it is not clear were the tipping point is and what China will do. It is not clear either if the dollar takes other currencies with it (at least for me).

[ReverseEngineer]

The irony here is that MOST people worth $3.5 now don't have this money in liquid assets, its all actually invested in one market or another. If they knew what we know, they would dump their stocks for whatever they could get for them and buy a Super Doomstead with all the toys most of us have wet dreams over. But they DON'T. Because they still believe by having their Investments, this will pay a Dividend which gives them monetary Security.

All this money is invested in Treasuries, Equities and Commodities. Mostly static investments, most small holders of wealth don't day trade and short the market. People "worth" $3.5M a year ago are worth only a fraction of that now. As the investments stop paying off, they have less income, and can't pay the mortgage on their $1M house. The $1M house is now only worth $600K, and they are underwater on the mortgage. A year ago, they were a Millionaire. NOW they OWE a million dollars.

If you were smart enough to liquidate at the top of the market and don't have outstanding debt, you might have SOMETHING worth SOMETHING people would buy from you at the price you bought it at. But see, MOST folks won't liquidate, and so they all are losing money as the wealth which is debt money is sucked out of the system.

People "worth" $3.5M are just as poor as a welfare mom here now. Its only the Billionaires that have some "money", but even that is rendered worthless as the Fed prints TRILLIONS. Its a great leveller, a monetary system crash is. It makes everyone poor. Its just a matter of POWER now, not money. People with $3.5M have no power at all. They THOUGHT they were rich, YOU thought they were rich, now you both learn the TRUTH. That is JUSTICE.

Reverse Engineer

[vision-master]

I wish I had 3.5 thousand.......

[the48thronin]

$this->bbcode_second_pass_quote('vision-master', 'I') wish I had 3.5 thousand.......

[AAA]

$this->bbcode_second_pass_quote('ReverseEngineer', 'T')he irony here is that MOST people worth $3.5 now don't have this money in liquid assets, its all actually invested in one market or another. If they knew what we know, they would dump their stocks for whatever they could get for them and buy a Super Doomstead with all the toys most of us have wet dreams over. But they DON'T. Because they still believe by having their Investments, this will pay a Dividend which gives them monetary Security.

[the48thronin]

$this->bbcode_second_pass_quote('AAA', '
')For example:

Y2K people thought the world would collapse. It didn't and the US had one of the greatest bull markets ever in both housing and wall street.

[AAA]

$this->bbcode_second_pass_quote('the48thronin', '
')Maybe if you rephrased that into true speak...

People thought the world would collapse due to computer problems. When It didn't they started a fraudulent loan resale insurance scheme that allowed them to inflated the GDP numbers and create fictitious sales of bogus assets and collect billions in commissions. That made it seem like growth was unstoppable and even reflected into the bloated numbers posted on trades of phony assets and bonds.

NOW the world comes crashing down because the smoke ran out and the mirrors broke.

Unless of course we can invent some other fictitious BOOM to save us all from the reality that we were all just trading paper.

LOL Pay no attention to the man behind that curtain!

[the48thronin]

$this->bbcode_second_pass_quote('AAA', '
')


Think about the 70s oil shocks. Everybody thought the US would never grow because it had no access to cheap oil.

Or the 29 crash.

Or the civil war.

Or any other major economic event in the past that the US has recovered from time and time again.

[Roy]

$this->bbcode_second_pass_quote('', 'H')mmm a land of free men who solved their own problems and created a country not ruled by hereditary or "divine right" rulers.

Ran out of cheap domestic oil and started a sell off of assets and movement of manufacturing that to this day has continued resulting in an economy of paper traders instead of paper makers.

Gave over to social engineering after the 29 crash that solved no problems until the rulers decided to use warfare as a stimulus package.

That socialism and wealth redistribution so permeate the society that fraud and ab use are both public and private sector norms..

Tell me again about that recovery? What did we grow a house of cards spouting huge success stories about swapping phony papers back and forth while contracting the brick and mortar and labor to the slave master offering the lowest costs.?

Maybe you haven't noticed the lack of steel mills etc IN THIS COUNTRY.

Ah let me guess as global masters it isn't necessary for the USA to be strong by itself.. we can use those other people to defend us with their steel mills.

Thomas Jefferson would be so proud!
Samuel Adams too....