PeakOil is You
THE Asset Confiscation Thread (merged)
Re: Under/Over on Gold confiscation . . .
by smallpoxgirl » Sat 20 Sep 2008, 10:23:27
Sorry Cash. The answer to your question is "over". The US will break apart and cease to exist as a country before there is an organized seizure of precious metals.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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smallpoxgirl - Expert
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Re: Under/Over on Gold confiscation . . .
by Cashmere » Sat 20 Sep 2008, 10:23:46
$this->bbcode_second_pass_quote('AgentR', 'I') honestly don't think they want it. There's just not enough of it out there to grease the wheels of the machine they've built.
In addition, a gold standard helps prevent inflation; I think inflation is intentional, and part of the plan.
In addition, a gold standard helps prevent inflation; I think inflation is intentional, and part of the plan.
Huh?
Of course they want it. It's got value. Therefore, they want it.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Cashmere - Heavy Crude
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Re: Under/Over on Gold confiscation . . .
by AgentR » Sat 20 Sep 2008, 11:18:27
$this->bbcode_second_pass_quote('Cashmere', 'O')f course they want it. It's got value. Therefore, they want it.
We'll see I suppose, but I think if they wanted it, they'd have already come for it.
Yes, we are. As we are.
And so shall we remain; Until the end.
And so shall we remain; Until the end.
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AgentR - Heavy Crude
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Re: Under/Over on Gold confiscation . . .
by Byron100 » Sat 20 Sep 2008, 11:45:01
Just a couple of questions, Cash. Exactly how will confiscating everyone's gold help the government's financial situation? I bet if you took all the gold within the US's borders and matched it up against the debt that the US took on this past week, it'd just dent it by a small fraction...certainly not enough to "solve the problem" so to speak. So what good would it do, seriously?
All they'd be doing, IMO, is to erode people's confidence in the federal government. Like you mentioned just yesterday about pulling out your long-term investments because they can change the rules at will...and I know you're not the only one. Gold confiscation would make this 10x worse, I bet, as the media would have a field day with that one (or I would hope!)
And besides, I think other countries such as China are going to call it a day and trash the US dollar, cutting the US off economically from the rest of the world. They'll see it better to take their lumps now and get it over with, so they can move on with life. Minus the pesky US mucking things up, of course.
At that point, there won't be a federal government left to take anyone's gold...LOL.
All they'd be doing, IMO, is to erode people's confidence in the federal government. Like you mentioned just yesterday about pulling out your long-term investments because they can change the rules at will...and I know you're not the only one. Gold confiscation would make this 10x worse, I bet, as the media would have a field day with that one (or I would hope!)
And besides, I think other countries such as China are going to call it a day and trash the US dollar, cutting the US off economically from the rest of the world. They'll see it better to take their lumps now and get it over with, so they can move on with life. Minus the pesky US mucking things up, of course.
At that point, there won't be a federal government left to take anyone's gold...LOL.Nowhere to run, nowhere to hide...
...and the meek shall inherit the Earth!
...and the meek shall inherit the Earth!
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Byron100 - Tar Sands
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Re: Under/Over on Gold confiscation . . .
by Cashmere » Sat 20 Sep 2008, 12:41:19
$this->bbcode_second_pass_quote('Byron100', 'J')ust a couple of questions, Cash. Exactly how will confiscating everyone's gold help the government's financial situation? I bet if you took all the gold within the US's borders and matched it up against the debt that the US took on this past week, it'd just dent it by a small fraction...certainly not enough to "solve the problem" so to speak. So what good would it do, seriously?
All they'd be doing, IMO, is to erode people's confidence in the federal government.
All they'd be doing, IMO, is to erode people's confidence in the federal government.
I stopped reading there.
There's nothing left to erode.
Only the brain dead still have "confidence" in the government.
Gold has value.
I don't know the numbers. I don't have to.
When the system starts to fail, and dollars start to drop toward zero, they will do anything and everything to prop it up.
Even if gold is only 1% of outstanding dollars, seizing the gold and showing the world, "look, we have gold" will add some stability.
Think about it.
The U.S.S.A. announces it is going to give taxpayer money directly to banks, and the result is . . .
stocks rally.
The gold is a false haven.
They cannot maintain total control if there is people can avoid using their system.
They will seize the gold or restrict its use.
What will you do?
Protest? You and the other few hundred gold bugs who live near you?
Hmmm?
Why not just put a big sign on your house, "The GOLD IS HERE."
Bottom line, it's a false haven. Don't get caught up in it. Don't put too many eggs in that basket.
Food, supplies, equipment, animals, land.
Those are going to be the only things left with value at some point.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Cashmere - Heavy Crude
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Re: Under/Over on Gold confiscation . . .
by mattduke » Sat 20 Sep 2008, 14:05:09
$this->bbcode_second_pass_quote('Cashmere', '
')What % of Americans own bullion? 5%? 10?
Resolution 4210.
Americans, to help their country, will turn in their gold bullion at the rate of X dollars per troy ounce.
A failure to turn in bullion constitutes a felony of the 1st degree, punishable by 10 years imprisonment and a fine of 100,000$.
Any person who deals in bullion will be guilty of a felony of the 1st degree, punishable by 20 years imprisonment and a fine of 200,000$.
')What % of Americans own bullion? 5%? 10?
Resolution 4210.
Americans, to help their country, will turn in their gold bullion at the rate of X dollars per troy ounce.
A failure to turn in bullion constitutes a felony of the 1st degree, punishable by 10 years imprisonment and a fine of 100,000$.
Any person who deals in bullion will be guilty of a felony of the 1st degree, punishable by 20 years imprisonment and a fine of 200,000$.
Nobody was ever charged because the Fed's didn't want a ruling on it.
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mattduke - Intermediate Crude
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