Scrappers control the Currency of the future! Hold your Copper, Silver, GOLD FINGERS

China has put clamp on the buying due to over production.
This was on purpose. This is their MOMENT TO BUY!

Soon, prices will skyrocet, and you will sell again! (DONT)

I fear our DOLLAR WILL FAIL in the next two months.(NOW)

I've lost faith in our GOV.

Were going to have QE3, crazy INFLATION, and another wave of FORECLOSURES

ITS TOAST> HOUSE OF CARDS COMING DOWN>

OPTIONS? Deal in real money ie gold silver and other precious metals.



ITS ALL CHINA WILL ACCEPT TO PAY OUR DEBT CAUSE OUR DOLLAR IS WORTH SH*T AFTER THE THIRD ROUND OF PRINTING OUT OF THIN AIR!

HENCE, THE GOV WILL DEMAND ALL YOUR GOLD AND SILVER!

AHAHAHAHHAAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHA

AT LEAST WERE ALL IN THE COMMODITIES MARKET AND CAN COME BY THESE METALS EASIER. USE THIS TO YOUR ADVANTAGE AND SURVIVE THE UPCOMING CRASH!

tcgs while i do not beleive that your entire post is correct i do see where holding is a somewhat smart move but for different reasons

Originally Posted by Libertytow

smart move but for different reasons

Please elaborate. Id like to see as many angles as I can, being closed minded only holds me back.

A failed dollar means either

Metal Money or BITCOIN or ?????

for the conspiracy theorists let me elaborate holding in a down amarket is usually a good move the dollar has fallen as far as 3rd wave of foreclosures what NEEDs to happen in this country is for house /home prices to come down to the least common denominator in the 40"s you could buy a house for $5600 in the 50's 7k in the 70"s $20k today in my area the median home price is $200k yet we have one of the highest unemployment rates and only a median salary average of $36k accross the sate in a state where somerset county holds th e highest capita of millionaires in the country WTF

home prices have top come down to make it affordable for people to move out and into a home

Fact homeownership creates jobs
Fact average person moves 7 times in their lifetime
Fact as home prices increased and Wages decreaded the middle class line was desimated

there asre more home in refinance right now than new mortgages

there are more college grads working in walmart than the government

us has invested money in mortgage backed liar loans so when the mortgage market tanked so did the loans

if we had our youth excited to buy starter homes that were affordable that would get $$$ flowing back into a already stagnant realestate system thus moving the economy forward

Like the article, thanks for sharing!

I disagree a bit. (ps i am a homeowner and 30 years old, bought in 08 just b4 the crash.)(licensed RE Agent)
(our housing market is the house of CARDS)

It the lending that is getting us in trouble. New Home Buyers Use FHA %90 of the time. Hence Freddy and Fannie are so In debt.

people are putting $2000 down on a house worth 60 k. This saving of 2k does not make a buyer qualified for such a commitment.

We built this country on DEBT
Now the DEBT is coming back for the rest of it.

More home buyers means more DEBT

Less Home Buyers means more UNEMPLOYMENT

then so be it. Go create your own job. I did.



Asking people to keep buying homes is like saying lets keep this tilt a whirl of death spinning.


like I said, preparing for another crash.

in theory yes in practice no

we got in trouble by lending to the wrong people

we put people in houses we KNEW they couldn"t afford

we built mc mansions and wondered why they were vaccant

we demolished starter home to build them then wonder why nobody can afford a home

95% of this country lives way above their means the ones living in them aren"T jumnping to go buy a home because the prices don"t make sence

i am 29 so you and i are the same age how many of your freinds are still living at home are underemployed or employed at all

answer those and see wherre is goes thee system worked for 60 years than we lent to the wrong people and backed it with illusion $$$ we took away the illusion $$$ but the houses are no vaccant with no buyers in site

people only get older not younger there is a transition aas we get older from starter home to bigger home adda a kid or 2 better job little bigger home then retire kids move out we downsize each transition follows

what we have done is not moved the starter homes at a time when babyboomers want to retire there is a gap in the market becuase of pricing at both ends

lets assume your right for a second that scrappers controll the currency holding doesn"t make it worth more any open mine producing puts you right back out of the running

the problem with commodities is they are based on limited supply if i am hodling and you are selling my commoditie becomes less valued

stock market bombed in the last 2 hours of trading friday, dropped 200+ points, maybe a sign of things to come, government is losing more control everyday, where metals will end up its hard to tell, i am assuming they will run the presses to prop up the companies as the fallout happens, pushing up metals prices, the problem is that running the presses will push up all commodities like oil and that will hurt everyone even more

people will pull out of stocks and move into metals as the market falls

I don't always believe posts purporting foresight into the macroeconomic future of our nation, but when I do, they're not posts rife with misspellings & grammatical errors.

Look, I've said it time and time and time again: no-one, and I mean NO-ONE knows what tomorrow will bring. There are more likely scenarios and there are less likely scenarios, but NO scenario is a foregone conclusion. If you'd told me 4 years ago that the Dow would be over 15000 right now I would have laughed in your face. If you'd told me that market returns in Bamajelly's first term would rival those of Clinton's administrations I would have looked into having you committed. Yet both happened, however unlikely they were. The market could crash tomorrow, and we could be on the cusp of a global fiscal meltdown the likes of which has never been seen..... or four years from now we could be posting, "If you'd told me four years ago that the Dow was going to be 23000 right now, I'd have laughed in your face."

It is possible to see into the future. Its called foresight.
Misspelling happens when we're trying to use the touchscreen telephones to type an email or post.
Rather be the guy ready to change that the guy who has to change expectedly.
You disagree with my prediction that is fine. Don't go telling people their wrong when you don't know what is right.
Last month someone posted that their yard manager said they're going to lose $20 it on and it happened. Commodities are little bit different than stocks to tell whether going to go because there are actual tells to show us.
Macroeconomics is great you should take the class. Its not a guessing game or roulette game there actual indicators that will tell us what the market will do.

Maybe the Govt should have let a few banks fail the first time around and not bailed them out. Maybe someone would have learned a lesson. That was OUR money that was used and what did we get for it? More poor lending practices, more debt, more BS !! Start learning Chinese everyone because when they call in the markers what do you think is going to happen?

we got in trouble by lending to the wrong people
(we got in trouble by lending too much.)
(ive seen capable people abandon a house cause its price not cashflow)

House worth 100k on a loan of 97k, market drops, owners bail, banks now have a home worth 80k that they spent 97k on

we put people in houses we KNEW they couldn"t afford
(ARM!!!!!!) Ajdustable Rate Mortgage, You can afford it at 3% but not %5.
(Better hope our market does great!!!! HindSight)

we built mc mansions and wondered why they were vaccant
(Fully capable people giving up cause they owe more than its worth)
(dumb Investments)(bad Finances)

we demolished starter home to build them then wonder why nobody can afford a home
(NOBODY IS LENDING AT 97%)(PEOPLE WANT TO BUY)
HOUSING SHORTAGE, NOT BUYER SHORTAGE
SELLERS DONT WANT TO SELL TILL PRICES ARE UP

95% of this country lives way above their means the ones living in them aren"T jumnping to go buy a home because the prices don"t make sence
(Your right, the majority of us are way over leveraged and not good with $)
(oh id jump on houses right now. man is it a great time for RE, I expect it to be short tho.)

i am 29 so you and i are the same age how many of your friends are still living at home are underemployed or employed at all
(Most of my HS friends are burn outs, and people my age have no drive. Ive been employed since 13 and have never needed unemployment, unfortunately my friends have.)

answer those and see where is goes thee system worked for 60 years than we lent to the wrong people and backed it with illusion $$$ we took away the illusion $$$ but the houses are no vacant with no buyers in site

(MINOR CHANGES) THE SYSTEM THAT HAS WORKED FOR 60 YEARS HAS FINALLY FAILED. WE LENT OUT TOO MUCH TO THE WRONG PEOPLE AND HAVE TRIED TO BUY OUR WAY OUT WITH PHONY CASH. THE RICH ARE BUYING AND POOR ARE FORECLOSED.

people only get older not younger there is a transition aas we get older from starter home to bigger home adda a kid or 2 better job little bigger home then retire kids move out we downsize each transition follows
(The american dream? Get a starter home, them move to a bigger home, and have a kid or two, and a decent job, retire when kids move out, and downsize to fit new lifestyle?)
(My american dream. Get a home, settle in, try to make $, buy a second home, live in that, rent the other out. Build a big business, have a large house, with land, time to spend there, and time to spend with my kids and grand kids. Oh and Scrap metal millionaire)

lets assume your right for a second that scrappers control the currency holding doesn"t make it worth more any open mine producing puts you right back out of the running
(holding is only your savings, imagine when the farmers will only accept real money for milk or bread, what will you use? I have silver dimes, worth about 2-3 each and these will pay for my food when the dollar cant.

%$%$%$%$%$%
Right now steel pays XXX/Ton
if the dollar is devalued by 50 % Steel will pay 2*XXX/ton
Good pay in bad times for people in the right biz SCRAPPERS!!!!!
$^^$^$^$^$^$^$^$^^$

the problem with commodities is they are based on limited supply if i am holding and you are selling my commodities becomes less valued

(IN MACROECONOMICS you and I are hardly a factor, now CHINA is a factor.)

If anyone wants to do a bit of research on their own, I would look for speeches and videos from Ron Paul and Bill Still. While these two say they disagree with each other, they both agree that this change is coming. They can also give you a bit of FORESIGHT as to where we actually are today.
Bill Still's Secret of Oz
Videos - Campaign for Liberty

Originally Posted by Tcgs

A failed dollar means either

Metal Money or BITCOIN or ?????

Ammo, food, and gas. Barter system. Gold and silver wont have a value either untill the system reboots. If USA dollar goes the way of weimar republic the rest of the world will follow.

Sorry PTS, I have a little ammo, and yes it will be worth its weight in gold.
I do have some fuel sources, and it will be worth its weight in water.
I can help do chores for room and board in a farm.
But My gold and Silver will pay for my extra ammo, fuel and water sources

Your also saying that there will be no real jobs, How can I go to work for Motorola and get paid in ammo food or gas.

There are solutions to keeping our way of life, our capitalistic society, where dreamers dreams can come true.

What would it take to get gold and silver to replace everyones paper money?


First the GOV needs these metals to distribute and collect against your now worthless cash.

BITCOIN is just like a dollar. Its mostly a number in a bank account with some physical paper or coin money. ITs just a rebranding of our failed dollar. Something we can print out of thin air again when we need a boost in our economy.

Gold and silver are finite, which means that there is only so much wealth to go along, and when the rich have it all there is no way for the poor to aspire.? I hope i am wrong there.