December 20, 2012
— Guest Blogger Teh Bernank is saying it'll be 2015 or 2016 before we even get to a 6.5% unemployment rate.
My guess? Since we voted for a European-style welfare state, we're going to get European levels of unemployment...probably well into the next decade, and maybe forever depending on how things turn out. There's no way to fund the entitlement state other than a combination of high taxes and low interest rates, which translates into a massive hit to job creation and investment.
The real unemployment rate is well over 10%, as everyone knows, and the situation is worse if you think of the declining workforce participation rate. We'd need to double our GDP growth every year for five or six years just to achieve homeostasis, and we're certainly not going to do that with Bammer in the White House for the next four years.
This, my friends, is why I'm still buying gold and silver.
Posted by: Guest Blogger at
08:13 AM
| Comments (406)
Post contains 163 words, total size 1 kb.
Posted by: beach at December 20, 2012 08:17 AM (LpQbZ)
Posted by: Infidel at December 20, 2012 08:18 AM (O/fK8)
o yeah Booosh!
dipshit voters.
Remember when He ran on the economy and fixing stuff, and cuttng deficits in half, and unemployment and if these things weren't fixed He deserved to lose the next election?
yeah, barely remembered.
Posted by: ette at December 20, 2012 08:19 AM (nqBYe)
Posted by: Eaton Cox at December 20, 2012 08:19 AM (q177U)
going to get European levels of unemployment..
What's this 'we' shit?
Posted by: weft cut-loop [/i] [/b] at December 20, 2012 08:19 AM (cEtVC)
I'm expecting unemployment doom forever, and have the same basic plan you do- buy PM's.
Of course, tomorrow is Mayan doom... so we've got that going for us!
Posted by: shibumi at December 20, 2012 08:19 AM (z63Tr)
Posted by: ette at December 20, 2012 08:20 AM (nqBYe)
Posted by: Cricket at December 20, 2012 08:20 AM (DrC22)
Posted by: Burn the Witch at December 20, 2012 08:21 AM (IgvLC)
Posted by: t-bird at December 20, 2012 08:21 AM (FcR7P)
Posted by: Cato at December 20, 2012 08:23 AM (oxNxk)
so i'm on board the SMOD train, until i think about the kids, and then I'm on the crying train.
Posted by: ette at December 20, 2012 08:23 AM (nqBYe)
Posted by: WalrusRex at December 20, 2012 08:23 AM (XUKZU)
Posted by: Butters at December 20, 2012 08:23 AM (NIZHJ)
Posted by: Burn the Witch at December 20, 2012 08:23 AM (IgvLC)
Posted by: Barry Occu-bama at December 20, 2012 08:24 AM (FcR7P)
Posted by: Molly k. at December 20, 2012 08:24 AM (vm/7/)
Posted by: joncelli at December 20, 2012 08:24 AM (RD7QR)
Posted by: Clemenza at December 20, 2012 08:24 AM (Q8Pu5)
Posted by: Butters at December 20, 2012 08:25 AM (NIZHJ)
Posted by: t-bird at December 20, 2012 08:26 AM (FcR7P)
or that we are all wrong (i do hope) a magic thing happens and we can laugh at this in a few years.
Posted by: ette at December 20, 2012 08:26 AM (nqBYe)
Posted by: WalrusRex at December 20, 2012 12:24 PM (XUKZU)
It's amazing how many people got cheered up with a morning cup of DOOM.
My day just started going better.
Posted by: jwb7605 (Let It Burn) at December 20, 2012 08:26 AM (Qxe/p)
Posted by: financejoe at December 20, 2012 08:26 AM (xGWKl)
So help me g-d if someone makes a wet pussy joke I'm going to lose my shit.
Posted by: eleven at December 20, 2012 08:26 AM (KXm42)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:27 AM (Lxw+T)
Posted by: Butters at December 20, 2012 08:27 AM (NIZHJ)
Posted by: Hollowpoint at December 20, 2012 08:28 AM (SY2Kh)
Posted by: eleven at December 20, 2012 12:26 PM (KXm42)
What? You prefer a dry pussy?
Posted by: BCochran1981 at December 20, 2012 08:28 AM (da5Wo)
Posted by: Cato at December 20, 2012 08:28 AM (oxNxk)
haha no such luck, we'll drag this out and end up eating tree bark.
Why should we have it better than all those before us?
Posted by: ette at December 20, 2012 08:28 AM (nqBYe)
Posted by: Waterhouse at December 20, 2012 08:28 AM (JACEX)
Posted by: Cricket at December 20, 2012 12:20 PM (DrC22)
Last night the comments crashed just a few minutes after I posted the ONT.
As far as I know it was a coincidence (that's my story and I'm sticking with it), but I was also laughing my ass off at the comments the cobloggers were making on the email string about the crash.
So....hell yes!
Posted by: CharlieBrown'sDildo at December 20, 2012 08:28 AM (GsoHv)
Posted by: t-bird at December 20, 2012 08:29 AM (FcR7P)
Posted by: Cato at December 20, 2012 12:28 PM (oxNxk)
Shit. Better run out to Obsidian Blades R Us and then grab that last stocking stuffer.
Posted by: joncelli at December 20, 2012 08:30 AM (RD7QR)
We REALLY need to change the debate... from the current Jerrymandered Unemployment number... to the % of Americans, of working Age, EMPLOYED.
We are still well over 10% unemployment... once you add back in the workers who USED to have jobs, but gave up out of despair...
Posted by: Romeo13 at December 20, 2012 08:30 AM (lZBBB)
Posted by: t-bird at December 20, 2012 08:30 AM (FcR7P)
Posted by: Burn the Witch at December 20, 2012 08:31 AM (IgvLC)
I'm a Luddite when it comes to cinemizing LOR. The images from my head were so much better than what the movies replaced them with and I can never get them back. Sigh.
Progress.
As far as The Hobbit I don't see how you can get 3 movies out of one book, but what do I know and who would care if I did?
Posted by: eleven at December 20, 2012 08:32 AM (KXm42)
Posted by: Soona at December 20, 2012 08:33 AM (B0xUu)
Posted by: eleven at December 20, 2012 12:32 PM (KXm42)
By tossing in the Silmarillion, apparently.
Posted by: joncelli at December 20, 2012 08:33 AM (RD7QR)
Posted by: Ferb Fletcher at December 20, 2012 08:34 AM (Q8Wa9)
Posted by: Mr. Moo Moo at December 20, 2012 08:34 AM (HDgX3)
Gold is just another way of trying to measure the value of goods and services (much in the way money is). It's considerably more limited than money (seeing as you have to mine it and can't just hit some computer buttons to create it.) but it provides no practical use.
After the crash we could decide that purple rocks are useful, gold buyers are hosed.
I'm hoping that if I plan well I'll have useful things (like canned goods) and semi-useful skills (OK I have zero useful skills, so my plan is just to lift things.)
Posted by: tsrblke (work) at December 20, 2012 08:34 AM (LzlrF)
Posted by: Socratease at December 20, 2012 08:34 AM (iVBDH)
But since the EU, Britain and Japan are doing the same thing, they stay in relative balance.
Good to see a Monty post by golly!
Posted by: GnuBreed at December 20, 2012 08:34 AM (ccXZP)
Posted by: Waterhouse at December 20, 2012 08:34 AM (JACEX)
Posted by: Soona at December 20, 2012 12:33 PM (B0xUu)
To get horses, go to a horse breeder. To get DOOOOM, go to Monty.
Posted by: joncelli at December 20, 2012 08:34 AM (RD7QR)
Posted by: Butters at December 20, 2012 08:35 AM (NIZHJ)
I haven't read any of the Tolkien books. I neither know or care how faithful the movies were to the books.
I liked the LOTR movies, but The Hobbit was very disappointing.
Posted by: Hollowpoint at December 20, 2012 08:36 AM (SY2Kh)
It's absolutely unfathomable to me.
Posted by: Ferb Fletcher at December 20, 2012 12:34 PM (Q8Wa9)
_________________________
I'll do you one better. I know a couple who are BOTH UNEMPLOYED. And they both enthusiastically voted for Obama. At some point you just throw your hands up in the air and say fuck it, it's over.
Posted by: Mr. Moo Moo at December 20, 2012 08:36 AM (HDgX3)
Second - at the rate Choomy is disappearing people from the roles of the "employable" we'll have negative unemployment in about 18-months.
FORWARD!
Posted by: DocJ at December 20, 2012 08:37 AM (A5uiv)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:37 AM (Lxw+T)
Posted by: Burn the Witch at December 20, 2012 08:37 AM (IgvLC)
Of course they are. They don't want their free shit to go away.
Posted by: HeatherRadish™ at December 20, 2012 08:37 AM (/kI1Q)
Posted by: Soona at December 20, 2012 08:38 AM (B0xUu)
Everything must go!
We will be open ALL NIGHT tonight to serve your end-of-the-world needs. Blue Light specials from 11pm to midnight. We have cosmic ray bursts, supernovae, and rogue asteroids ready for delivery.
First 10 customers receive FREE SOLAR FLARE!
So come on down to SMODS-R-Us, 5371 Central Avenue in Lynbrook, and let us make your apocalypse one you'll never forget!
100% total annihilation guaranteed or your civilization back!
Posted by: Jones in CO at December 20, 2012 08:38 AM (8sCoq)
Posted by: SpongeBob Saget's square dildo at December 20, 2012 08:39 AM (97nMP)
Posted by: Butters at December 20, 2012 08:39 AM (NIZHJ)
Posted by: Jones in CO at December 20, 2012 12:38 PM (8sCoq)
How is that an enticement at this particular moment? I don't like my civilization, which is why I'm looking at SMOD.
Posted by: BCochran1981 at December 20, 2012 08:39 AM (da5Wo)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:40 AM (Lxw+T)
Posted by: Mr. Moo Moo at December 20, 2012 12:34 PM (HDgX3)
It's a positive feedback loop. Despair at employment translates into desire for security and envy of those who earn.
Posted by: DiogenesLamp at December 20, 2012 08:40 AM (bb5+k)
Posted by: Damn Sockpuppet at December 20, 2012 08:41 AM (YmPwQ)
Posted by: eleven at December 20, 2012 08:41 AM (KXm42)
Posted by: CharlieBrown'sDildo at December 20, 2012 08:41 AM (GsoHv)
Posted by: Cato at December 20, 2012 08:41 AM (oxNxk)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:42 AM (Lxw+T)
84 I hope you all realize that Ace's "vacation" is simply a ruse to give him one week of uninterrupted writing time for a review of The Hobbit that will be longer than the movie.
Posted by: CharlieBrown'sDildo at December 20, 2012 12:41 PM (GsoHv)
Dear...God....Jim......
Posted by: BCochran1981 at December 20, 2012 08:42 AM (da5Wo)
Posted by: Adirondack Patriot at December 20, 2012 08:42 AM (iAUf+)
I recently came upon a small cache of them in the attic and was wondering if they're worth anything more than a buck each.
Posted by: Nighthawk at December 20, 2012 08:42 AM (RSqz2)
I will read every last word. It will be better than the movie. Which I'm sure I will never see anyway.
Posted by: eleven at December 20, 2012 08:43 AM (KXm42)
Posted by: Burn the Witch at December 20, 2012 08:43 AM (IgvLC)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 08:43 AM (GFM2b)
Posted by: King Midas at December 20, 2012 08:43 AM (QKKT0)
I thought he was using it to have a last Great Hobo Hunt before the Mayans kill us all.
Posted by: Retread at December 20, 2012 08:44 AM (zxitI)
Posted by: Mr. Moo Moo at December 20, 2012 12:40 PM (HDgX3)
I'll stick with history.... which says that the ONLY Societys where Gold was not valuable, were the Societys that did not have ANY at all...
Posted by: Romeo13 at December 20, 2012 08:44 AM (lZBBB)
(FWIW, travellers, it plunged yesterday, and was at 1666 this morning. That's right: Sixteen sixty-six.)
In other evidence of the impending EOTW, I just bought a military can of 7.62 x 39 and a couple extra 30-round magazines, in stock and...marked down. Spooky.
Posted by: comatus at December 20, 2012 08:44 AM (qaVK+)
Posted by: soothsayer at December 20, 2012 08:44 AM (daSZu)
Posted by: Cato at December 20, 2012 08:45 AM (oxNxk)
Posted by: tangonine at December 20, 2012 08:45 AM (x3YFz)
Posted by: Lord Vader at December 20, 2012 08:45 AM (NIZHJ)
Posted by: t-bird at December 20, 2012 08:46 AM (FcR7P)
Posted by: Burn the Witch at December 20, 2012 08:46 AM (IgvLC)
Posted by: Anna Puma (+SmuD) at December 20, 2012 08:46 AM (J+mgg)
So you're an unemployed couple. You can go out bust your ass and make $72K a year. Or you can sit on the couch and watch TV and make $72K a year. Plus this way you don't pay money for gas, you don't put any miles on your car, you don;t have to worry about daycare if you have little kids.
It's really not a tough decision.
Posted by: Mr. Moo Moo at December 20, 2012 08:46 AM (HDgX3)
Looks like content is .31oz, melt value today is $9.42. But only the "S" stamped ones contain silver.
Posted by: Country Singer at December 20, 2012 08:47 AM (L8r/r)
Posted by: jwest at December 20, 2012 08:47 AM (ZDsRL)
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!
And variable temps ranging into the high 25,000's.
Posted by: Little Orphan Ixpiyacoc at December 20, 2012 08:47 AM (QKKT0)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:47 AM (Lxw+T)
Posted by: soothsayer at December 20, 2012 08:47 AM (daSZu)
Posted by: katya the designated driver at December 20, 2012 08:47 AM (DoZD+)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:48 AM (Lxw+T)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 08:48 AM (VtjlW)
Posted by: t-bird at December 20, 2012 08:48 AM (FcR7P)
Sure, but at least you're there for them to assist in their retirement planning.
Buying lottery tickets counts as retirement planning, right?
Posted by: Hollowpoint at December 20, 2012 08:48 AM (SY2Kh)
Posted by: Anna Puma (+SmuD) at December 20, 2012 08:48 AM (J+mgg)
Buy actual gold?
Buy gold stock?
Buy gold mining stock?
Invest in precious metal ETFs?
All of the above?
Posted by: Christina Hendricks's Mighty Jugs Are Now Decorated For Christmas at December 20, 2012 08:48 AM (+AV7H)
It's really not a tough decision.
Posted by: Mr. Moo Moo at December 20, 2012 12:46 PM (HDgX3)
Another positive feedback loop.
Posted by: DiogenesLamp at December 20, 2012 08:49 AM (bb5+k)
what's gonna crash? banks are in the black.
Posted by: soothsayer at December 20, 2012 12:47 PM (daSZu)
____________________
And banks were in record profit territory late 1929 as well. What's your point?
Posted by: Mr. Moo Moo at December 20, 2012 08:49 AM (HDgX3)
and what will you accept as currency for your gold?"
This.
Posted by: Burn the Witch at December 20, 2012 12:46 PM (IgvLC)
.223 .308 9mm .40 .45
The next currency.
Posted by: tangonine at December 20, 2012 08:49 AM (x3YFz)
Posted by: Wall_E at December 20, 2012 08:49 AM (48wze)
Posted by: Jones in CO at December 20, 2012 08:49 AM (8sCoq)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 08:50 AM (GFM2b)
********************************
When the dollar becomes worthless, only gold will be accepted currency in order to buy a loaf of bread.
That, and the tasty blood of your children.
Posted by: Christina Hendricks's Mighty Jugs Are Now Decorated For Christmas at December 20, 2012 08:50 AM (+AV7H)
Posted by: Anna Puma (+SmuD) at December 20, 2012 08:50 AM (J+mgg)
I have some Gold, if life goes to pot, I suppose the wives and I will sell the wedding rings. But as an investment...meh? I'll take my chances.
Plus if money fails so hard that we're burning it rather than using it, not a world I want to survive in for very long anyway.
Posted by: tsrblke (work) at December 20, 2012 08:50 AM (LzlrF)
Posted by: katya the designated driver at December 20, 2012 12:47 PM (DoZD+)
Because the naive think it is worth something, and they might trade something which is actually worth something for the mostly useless metal.
Posted by: DiogenesLamp at December 20, 2012 08:50 AM (bb5+k)
1. Silver is not only marked "sterling." Sometimes it is marked ".925." English silver is marked by a walking lion stamp. (Consult internet for English marks.) Silver from European countries has varying marks which you can also find on the internet.
2. I buy silver whenever I can get it below the current market rate, sometimes very cheap. Good sources for finding this estate auctions and garage sales, where you can find boxes of costume jewelry (sometimes older people mix up fine and costume jewelry together), boxes of silverware (most will be stainless but you might find a stray sterling piece in there), souvenir spoons (which were sometimes made of sterling until the 70's), and collector plates. (I once bought 8 Franklin mint collector plates each having 8 ounces of sterling silver for $40 each).
3. Silver from Indian reservation jewelry has varying quality. If you are in an area where you run across a lot of this type of jewelry, you should invest in a test kid for silver. Indian jewelry is rarely marked.
Hope this helps people!
Posted by: Miss Marple at December 20, 2012 08:50 AM (GoIUi)
You have to buy it before the economic collapse. Hope this helps.
Posted by: comatus at December 20, 2012 08:51 AM (qaVK+)
I would buy guns and ammunition instead of gold.
If society collapses to the extent that some are expecting, then the market for gold may be robust, or it may be illiquid. It's difficult to predict.
But I'll bet anything that the market for guns and ammunition will be fantastic.
Posted by: CharlieBrown'sDildo at December 20, 2012 08:51 AM (GsoHv)
Posted by: t-bird at December 20, 2012 08:51 AM (FcR7P)
Posted by: Cato at December 20, 2012 08:51 AM (oxNxk)
Because precious metals have intrinsic value; they are valuable and desirable because they are tangible and universally valued. Paper money is only valuable because people believe it is and the .gov says it is. When people stop believing folding money has value, it will have no value. Basically, anything tangible will have value, but PM's are universally understood.
Posted by: Country Singer at December 20, 2012 08:52 AM (L8r/r)
Posted by: soothsayer at December 20, 2012 08:52 AM (3dufx)
Posted by: Burn the Witch at December 20, 2012 08:53 AM (IgvLC)
You know what else is universally understood to have value?
Food. I'll stock up on my supplies and leverage my skills at cooking instead. (Wait, I do have that one marketable skill, I can cook up a storm, for large crowds if needed.)
Posted by: tsrblke (work) at December 20, 2012 08:54 AM (LzlrF)
Now there is a case to be made for owning gold during the collapse if you think that the collapse will reverse itself. After the collapse, during the recovery, a Picasso and gold will have value again. But during the collapse itself they will both be near worthless. I say near because there will be "investors" out there looking to by Picassos and gold with an eye to the future. But that will be the exception, not the rule.
Posted by: Mr. Moo Moo at December 20, 2012 08:54 AM (HDgX3)
Posted by: Idaho Spudboy at December 20, 2012 08:54 AM (1+CnU)
Silver worth of an Ike dollar is $9.40.
www dot coinflation dot com / silver _ coin _ values dot html
Posted by: rickb223 Let. It. Burn. at December 20, 2012 12:50 PM (GFM2b)
few minutes on google and you get a recipe for breaking down silver. Insert grandma's spoon, apply the right chemicals, do some stuff (in a well-ventilated area) and viola: .99 silver.
Posted by: tangonine at December 20, 2012 08:54 AM (x3YFz)
-----
Intrinsic value.
Lets say you have $1000 in dollar bills.... and your neighbor has $1000 in gold coin.
Now lets say the dollar crashes and the dollar is now worth a penny. Your thousand dollars in cash now purchases $1.00 worth of goods. You can't buy shit with your thousand paper bills. Your neighbor... however, still maintain his purchasing power despite what the dollar does.
Posted by: fixerupper at December 20, 2012 08:54 AM (nELVU)
Posted by: soothsayer at December 20, 2012 08:54 AM (vuIm8)
********************
You're such a debbie downer. My gold coins are purdy.
Posted by: Christina Hendricks's Mighty Jugs Are Now Decorated For Christmas at December 20, 2012 08:54 AM (+AV7H)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:55 AM (Lxw+T)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 08:55 AM (GFM2b)
Ike dollars? You mean the nickle clad copper IKE Dollars? No silver at all. Worth more as a collectors item if they are in good condition. If not they are worth more as currency ($1) than they are in intrinsic copper/nickle value.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 08:55 AM (0q2P7)
If silver is such a great investment, then why would you be trying so hard to sell it? Where where your ads when silver and gold prices were low?
What's that? You were buying gold and silver when prices were low, then taking out ads to sell it when prices were high? Well sign me up!
Posted by: Hollowpoint at December 20, 2012 08:55 AM (SY2Kh)
Posted by: DAve at December 20, 2012 08:55 AM (XDC0v)
Posted by: DocJ at December 20, 2012 08:55 AM (A5uiv)
Posted by: t-bird at December 20, 2012 08:56 AM (FcR7P)
Posted by: Empire of Jeff at December 20, 2012 08:56 AM (g5jxH)
It makes you a target. "Hey, that's the guy who pays in gold..." But, if you can make it until order is restored, then you're sittin' pretty.
Posted by: t-bird at December 20, 2012 12:51 PM (FcR7P)
Or it means you'll have a lot of targets at 200 meters. Look on the bright side!
Posted by: tangonine at December 20, 2012 08:56 AM (x3YFz)
if I got out of my car and went up to people and asked them how they're preparing for the doom and how they're holding up in this awful Obama recession, they'd think I was nuts
brb, goin into Subway...
Posted by: soothsayer at December 20, 2012 12:52 PM (3dufx)
That's not enough information to comment on intelligently. What part of the Nation are you seeing this in? If it's the Washington DC area, of course it's doing fine. You have to look at the big picture.
Posted by: DiogenesLamp at December 20, 2012 08:57 AM (bb5+k)
Posted by: soothsayer at December 20, 2012 08:57 AM (3dufx)
Posted by: Country Singer at December 20, 2012 08:57 AM (L8r/r)
The wife's grandmother just dropped some small silver pieces on us as "gifts." They are pretty.
I still however suspect that Gold's value in any crash will only be worth what people are willing to trade for it. And I have yet no evidence that other (nongold) stuff (like my fine chinaware) will not be tradable as well.
Posted by: tsrblke (work) at December 20, 2012 08:58 AM (LzlrF)
DOOMED, I TELL YA!
Posted by: Herbert Hymenhopper at December 20, 2012 08:58 AM (ULNMd)
Now it's a sign of just how amazing the Lightworker in Chief is.
Posted by: Rod Munsch at December 20, 2012 08:58 AM (2aB+q)
Posted by: DAve at December 20, 2012 08:58 AM (XDC0v)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 08:59 AM (GFM2b)
On the other hand food has value no matter what anyone says. I could tell you a tomato has no value. But it doesn't matter what I tell you, you can eat a tomato, It has value. In good times or bad, a tomato has value. Same with fresh water. Same with a wood burning stove. Same with a gun. These items have an intrinsic value that is independent of a market value. The price of a tomato could go to $1000 today but its intrinsic value is still 100 calories of food (or whatever the amount is). Gold on the other has 0 intrinsic value. It's worth $1500 today because we say it's worth $1500. It has a market value but no intrinsic value.
Posted by: Mr. Moo Moo at December 20, 2012 08:59 AM (HDgX3)
but I will go out tomorrow- apocalypse notwithstanding- and buy a shitload of ball ammo for my guns
Posted by: Jones in CO at December 20, 2012 08:59 AM (8sCoq)
Posted by: fixerupper at December 20, 2012 12:54 PM (nELVU)
In a crashed economy, I won't trade for your gold or silver. Lead and Copper? Sure.
Posted by: DiogenesLamp at December 20, 2012 08:59 AM (bb5+k)
DOOMED, I TELL YA!
Posted by: Herbert Hymenhopper at December 20, 2012 12:58 PM (ULNMd)
I take it you can't do simple math.
Posted by: tangonine at December 20, 2012 08:59 AM (x3YFz)
Posted by: George Orwell what knows being American means free rubbers and gun control at December 20, 2012 08:59 AM (Lxw+T)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:00 AM (VtjlW)
DOOMED, I TELL YA!
Posted by: Herbert Hymenhopper at December 20, 2012 12:58 PM (ULNMd)
____________
Well then you have nothing to worry about.
Posted by: Mr. Moo Moo at December 20, 2012 09:00 AM (HDgX3)
Posted by: DocJ at December 20, 2012 09:00 AM (A5uiv)
If you have surplus money (and not debt) and want to hedge against say Weimar style hyperinflation. Placing your surplus money into a durable form of intrinsic value (gold, silver, copper, beans, winter red wheat, etc etc) gives you an asset whose value will not fluctuate much as your currency rapidly loses value. So if you need to use your "savings" to buy something you would either directly barter, or sell an asset for currency then immediately buy the desired item with it. Gold isn't a magical form of "money" it is simply one potential form of money.
If you are up to your eyeballs in debt (at fixed rates) don't worry. Pretty soon you'll be able to hawk a stick of gum and pay off your house.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:00 AM (0q2P7)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:00 AM (J+mgg)
That's not enough information to comment on intelligently. What part of the Nation are you seeing this in? If it's the Washington DC area, of course it's doing fine. You have to look at the big picture.
Posted by: DiogenesLamp at December 20, 2012 12:57 PM (bb5+k)
St. Louis here. Malls are also packed. Incidentally, people aren't holding as many boxes as in years past. In previous years I've seen people carrying so many bags they could hardly walk. This year its an odd bag or two (with many people carrying nothing.)
A mere crowd is not evidence of economic stimulation. In fact as we walked through the mall (the wife and I) we heard numerous other people discussing how they were trying to stretch their Christmas budget farther this year. (Only the incredibly bad off will buy nothing, most people will just try to make do with less.)
Posted by: tsrblke (work) at December 20, 2012 09:00 AM (LzlrF)
1. I buy things I can wear or use (like trays, silver tea sets, etc.)
2. I buy because of inflation. I can't invest in foodstuffs past a certain amount. If the dollar drops in purchasing power, by silver plate increases in value.
3. I might as well buy silver. Savings accounts aren't paying anything and I am married to a guy who has a horror of the stock market from hearing his father talk about the 1929 market crash. This is the way it is, you can't argue with him, I have tried.
Posted by: Miss Marple at December 20, 2012 09:00 AM (GoIUi)
to point this out makes you Rayciss McHateyperson!
Posted by: Jones in CO at December 20, 2012 09:00 AM (8sCoq)
but I will go out tomorrow- apocalypse notwithstanding- and buy a shitload of ball ammo for my guns
Posted by: Jones in CO at December 20, 2012 12:59 PM (8sCoq)
good luck. Ammo is hard to find these days. You'll be out at least $0.95/round for .223.
Should have stocked up 2 years ago (pats self on back)
Posted by: tangonine at December 20, 2012 09:01 AM (x3YFz)
Posted by: maddogg at December 20, 2012 09:01 AM (OlN4e)
Posted by: DAve at December 20, 2012 09:01 AM (XDC0v)
Sept. 1929
"There is no cause to worry. The high tide of prosperity will continue." Andrew W. Mellon, Secretary of the Treasury
Oct. 14, 1929
"Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board". New York Times
Dec 5, 1929
"The Governments business is in sound condition." Andrew W. Mellon, Secretary of the Treasury
You sap.
Posted by: Mr. Moo Moo at December 20, 2012 09:01 AM (HDgX3)
---
I never said it was the best medium. I was answering the posters question.
It also depends how far down into chaos we go..... if we just go to the Wiemar Repulic level.... gold works.
If we go to Thunderdome..... Id rather have food, water, ammo.... and not in that order.
Posted by: fixerupper at December 20, 2012 09:02 AM (nELVU)
Posted by: Wall_E at December 20, 2012 09:02 AM (48wze)
Posted by: ette at December 20, 2012 09:02 AM (nqBYe)
Posted by: tangonine at December 20, 2012 01:01 PM (x3YFz)
I'll be looking for 9mm and .40S&W
Posted by: Jones in CO at December 20, 2012 09:03 AM (8sCoq)
Posted by: Nevergiveup at December 20, 2012 09:03 AM (79ueO)
DOOMED, I TELL YA!
Posted by: Herbert Hymenhopper at December 20, 2012 12:58 PM (ULNMd)
You are familiar with 1928?
Posted by: DiogenesLamp at December 20, 2012 09:03 AM (bb5+k)
Dec. 28, 1929
"Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as a indications that American Industry had reached a point where a break in New York stock prices does not necessarily mean a national depression." Associated Press dispatch
Jan. 24, 1930
"Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast." New York Herald Tribune
Posted by: Mr. Moo Moo at December 20, 2012 09:03 AM (HDgX3)
I don't think we get to that point, at least not in much of the US (though in most cities, we're already there). I'm thinking more like rural (non-city) Mexico at worst. Which will suck, but not Mad Max suck.
Posted by: DocJ at December 20, 2012 09:03 AM (A5uiv)
Posted by: MikeTheMoose is Shrugging at December 20, 2012 01:00 PM (0q2P7)
When we bought our house 4 months ago I acutally made a similar comment to my wife: "As long as we can keep our incomes roughly pegged to inflation, I plan to let inflation handle this mortgage."
Posted by: tsrblke (work) at December 20, 2012 09:03 AM (LzlrF)
Posted by: Country Singer at December 20, 2012 12:47 PM (L8r/r)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 12:50 PM (GFM2b)
==================================================
Thanks all!
I think I'll stick with my original plan of hoarding whiskey and ammo and building a still.
Posted by: Nighthawk at December 20, 2012 09:04 AM (RSqz2)
That is some stupid sh*t right there. Gold has intrinsic value in industrial process, electronic circuitry and as a decoration (which while you may scoff at, it has been aggressively sought for decorative purposes since before recorded history)
Saying it has 0 intrinsic value because we can't eat it is just laughable.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:04 AM (0q2P7)
While you can argue that SHTF scenarios are impossible or unlikely, you can't argue that, if one SHTF scenario actually happens, Publix will still be around to refuse your gold.
SHTF does not mean a slow down in the economy. It doesn't mean that things cost a little more.
It means that there is no gas, no electricity, and no business as usual.
Posted by: weft cut-loop [/i] [/b] at December 20, 2012 09:04 AM (cEtVC)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:04 AM (J+mgg)
Posted by: DAve at December 20, 2012 09:05 AM (XDC0v)
Posted by: Wall_E at December 20, 2012 01:02 PM (48wze)
___________________________
I don't buy that for a second. $72K is $72K. Who cares how it's made? This reasoning is why Romney lost. He assumed people on the dole want to get off the dole. He was dead wrong.
Posted by: Mr. Moo Moo at December 20, 2012 09:05 AM (HDgX3)
>>>Shit. Better run out to Obsidian Blades R Us and then grab that last stocking stuffer.
I prefer Rite Aid
Posted by: Guy that's really really good at Excel at December 20, 2012 09:05 AM (3ZtZW)
I'm investing in Toilet Paper.
I think it will be very valuable.
Even when people are eating their shoes...they still will need toilet paper.
Besides, I don't want to be the one who gets stuck with the job of boiling shit-rags in a big kettle over an open fire.
Posted by: wheatie at December 20, 2012 09:05 AM (K4wCe)
Predicting the future of any market is pure folly. Just ask anyone that was buying silver 18 months ago and has since seen Obama re-elected and the financial condition of the country continue to decline, meanwhile the value of their silver has fallen by 40% and stocks, bonds and real estate (REITs) have all rallied. In short, consider the possibility that your vision of the future could be wrong before getting in too deep.
Posted by: Gristle Encased Head at December 20, 2012 09:05 AM (+lsX1)
Posted by:George Orwell l at December 20, 2012 12:59 PM (Lxw+T)
Yes, but not for the Gold Content.
Posted by: DiogenesLamp at December 20, 2012 09:06 AM (bb5+k)
:::hands over coin:::
Posted by: Empire of Jeff at December 20, 2012 12:56 PM (g5jxH)
-----------------------------------------------
Good point. If one is going to be using a $1700 coin to buy something, there's going to have to be $1700 worth of goods in front of him. No one is going to have change if the dollar is worthless.
There's also the risk of "instant inflation" if someone pulls out a gold coin to pay for something.
Posted by: Soona at December 20, 2012 09:06 AM (2xh3G)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:06 AM (VtjlW)
I read an article somewhere (was it here, I never can remember) that the reason that retail sales this holiday season still seem to be doing well is because most people have said "eff it" and are just going more into personal credit debt to buy more stuff.
Posted by: ParanoidGirlInSeattle at December 20, 2012 09:06 AM (RZ8pf)
Posted by: uterus cannon at December 20, 2012 09:06 AM (3ZtZW)
Posted by: Butters at December 20, 2012 09:06 AM (NIZHJ)
Saying it has 0 intrinsic value because we can't eat it is just laughable.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 01:04 PM (0q2P7)
++++++++++++++++
Well you stock up on gold and see how much use you can get out of it when you're creating electronic circuitry while the masses are starving around you. Gold is as useful as a Picasso in an economic panic, that is to say useless.
Posted by: Mr. Moo Moo at December 20, 2012 09:06 AM (HDgX3)
I have a year supply of TP on hand for myself. If a female shows up, I have a month's supply.
Posted by: Country Singer at December 20, 2012 09:07 AM (L8r/r)
Posted by: t-bird at December 20, 2012 09:07 AM (FcR7P)
Posted by: Hopeless at December 20, 2012 09:07 AM (dNkDl)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:06 PM (VtjlW)
FIFY
Posted by: BCochran1981 at December 20, 2012 09:07 AM (da5Wo)
Best advice. Buy the stuff you would buy with gold first (So long as it is durable). Those things you can always sell if you decide you don't need them.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:08 AM (0q2P7)
Saying it has 0 intrinsic value because we can't eat it is just laughable.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 01:04 PM (0q2P7)
True, but it's value hasn't been all that stable through recorded history either.
I agree that if we go all Wiemar Republic, Gold will get you through (although in that case, I'd be willing to suspect that I could escape just by hocking what I have around the house.) Any large scale collapse and it's value as an "industrial process" material isn't really worth all that much.
Recall, beads once were sought after too.
Posted by: tsrblke (work) at December 20, 2012 09:08 AM (LzlrF)
Posted by: TheQuietMan at December 20, 2012 09:08 AM (1Jaio)
Posted by: Sheryl Crow at December 20, 2012 09:08 AM (FcR7P)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:09 AM (J+mgg)
Posted by: tsrblke (work) at December 20, 2012 01:00 PM (LzlrF)
Many People are still going to try and do Christmas. Even if it hurts them.
Posted by: DiogenesLamp at December 20, 2012 09:09 AM (bb5+k)
The stock market was 90% margin in 1929. Then when the bubble popped the Fed jacked rates up. Bernanke personally apologized to Milton Friedman for the Fed's role in exacerbating the Great Depression.
His exact quote:
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna [Schwartz, Friedman's coauthor]: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
Posted by: Herbert Hymenhopper at December 20, 2012 09:09 AM (ULNMd)
Posted by: DAve at December 20, 2012 09:09 AM (XDC0v)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:10 AM (VtjlW)
Nov. 1930
"I see no reason why 1931 should not be an extremely good year." Alfred P. Sloan Jr. General Motors Co.
June 9, 1931 "The depression had ended"- Dr. Julius Klein, Assistant Secretary of Commerce.
Posted by: Mr. Moo Moo at December 20, 2012 09:10 AM (HDgX3)
We're not playing Survivor Island here. Of course you would not want to hold gold in the absence of everything else. I have land, I have water, I have oil, I have guns and ammunition and some means to replenish them. I have stored food and seeds, and antibiotics and painkillers and food additives and fuel. I'm not going to argue over which of those you should get first. You need all that good shit. And some cash. You ought to have some cash.
But quit squabbling over who's going to trade money for your gold. Once the banking system temporarily suspends operations, the gold is the money. It already was before Croesus stamped his picture on it. And it doesn't just come in one-ounce coins. There are halves, quarters and tenths.
It's not an "investment." It's the money.
I think precious metals are a crummy "investment". For survival scenarios, the best thing to have is old US silver coins (worn is fine, should have a recognizable date so they don't have to be assayed), and a scale.
Posted by: comatus at December 20, 2012 09:11 AM (qaVK+)
Ask a denier, "are you a debt slave, or do you have savings?"
Alternative form of question: Are you a debt slave or a fool who believes in the future value of fiat money?
Posted by: imp at December 20, 2012 09:11 AM (UaxA0)
Many People are still going to try and do Christmas. Even if it hurts them.
Posted by: DiogenesLamp at December 20, 2012 01:09 PM (bb5+k)
Yeah, I generalized. I also didn't speak to people going into debt for Christmas, because all that does is create a false spike in the economy before.....SPLASH!
Posted by: tsrblke (work) at December 20, 2012 09:12 AM (LzlrF)
guns
ammo
canned goods
tools
nuts bolts screws nails
gasoline
duct tape
spare automotive parts
tires
OTC drugs
bottled and canned drinks
Posted by: Jones in CO at December 20, 2012 09:12 AM (8sCoq)
Oh my stars and garters, it's like you people are familiar with me or somesuch.
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:10 PM (VtjlW)
Well, it's what I would ha........Stop. Right. There. You're wearing garters?
Posted by: BCochran1981 at December 20, 2012 09:13 AM (da5Wo)
It will remind you of something. Like, something we just lived through.
Plus ca change, plus c'est la meme chose
Posted by: DocJ at December 20, 2012 09:13 AM (A5uiv)
Posted by: t-bird at December 20, 2012 09:13 AM (FcR7P)
The real unemployment rate is well over 10%, as everyone knows,
The real EU is about 21%
Posted by: Vic at December 20, 2012 09:13 AM (53z96)
Posted by: Anna Puma (+SmuD) at December 20, 2012 01:04 PM (J+mgg)
The fundamentals say the market should be doing the same now but the market has been untethered from fundamentals for a few years now
Posted by: TheQuietMan at December 20, 2012 09:13 AM (1Jaio)
It also depends how far down into chaos we go..... if we just go to the Wiemar Repulic level.... gold works.
If we go to Thunderdome..... Id rather have food, water, ammo.... and not in that order.
Posted by: fixerupper at December 20, 2012 01:02 PM (nELVU)
You are absolutely right about this. It does indeed depend on how bad it gets. I'm betting that if it gets bad, it's gonna get very bad.
A friend is buying land. I told him that is a great investment so long as the social and governmental structures can defend his deed. If not, then he will have been better off having used that money to buy useful things.
Posted by: DiogenesLamp at December 20, 2012 09:13 AM (bb5+k)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:14 AM (J+mgg)
Glad to know I wasn't the only moron who was asking that question.
Posted by: DocJ at December 20, 2012 09:14 AM (A5uiv)
Yeah, I had a mental image of garters rising from the tops of stompy boots, too.
Posted by: Country Singer at December 20, 2012 09:15 AM (L8r/r)
At no time in human history, have those who controlled large amounts of human resources NOT sought gold. You are literally speaking of an event with 0 precedence in history.
I for one think the gold market is inflated by panic demand, and would consider it a bad buy against many of its worthwhile competitors in the world of durable commodities. But to say that it is simply no different than dollar bills is simply wrong headed.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:15 AM (0q2P7)
Posted by: Anna Puma (+SmuD) at December 20, 2012 01:14 PM (J+mgg)
It's not a fetish, it's simply good taste. And a working penis.
Posted by: BCochran1981 at December 20, 2012 09:15 AM (da5Wo)
Posted by: t-bird at December 20, 2012 09:15 AM (FcR7P)
Posted by: Citizen Anachronda at December 20, 2012 09:15 AM (IrbU4)
By February, you will see a glut of ammo and weapons on the market. This "blue ribbon panel" couldn't find its way out of a wet paper bag, and the fiscal cliff means that government can't artificially jack up ammo prices by buying large quantities.
This isn't the end, morons.
The looters don't riot in the winter.
Posted by: imp at December 20, 2012 09:15 AM (UaxA0)
Not me. Spats and a monocle.
Posted by: Jones in CO at December 20, 2012 09:15 AM (8sCoq)
Posted by: Nevergiveup at December 20, 2012 09:16 AM (79ueO)
Posted by: Anna Puma at December 20, 2012 01:04 PM (J+mgg)
We have someone worse than FDR now.
Posted by: DiogenesLamp at December 20, 2012 09:16 AM (bb5+k)
change that to thigh high fishnets and we're in business
Posted by: Jones in CO at December 20, 2012 09:17 AM (8sCoq)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:17 AM (J+mgg)
You're right the fed fucked things up in the 30s. Now they're fucking it up twice as hard by printing trillions of dollars. Countries withstand deflation OK which is what happened in the 30s. It's harsh but it clears out excesses which is good long term. Inflation does nothing good for the economy. And inflation is rampant right now. Oh oh oh but CPI is only 1.6% you say. Sure the price of an Ipad falls every year. And so does the price of a 90" TV which is $1000 cheaper today than it was last year. And if you're in the market for an Ipad and a 90" TV, great. BUt if you're in the market for bread, for milk, for baby formula, for dog food, for electricity, you're paying about 10% more on average than you did last year. But hey who needs electricity and food when you have a cheap 90" TV?
Posted by: Mr. Moo Moo at December 20, 2012 09:17 AM (HDgX3)
Posted by:Anna Puma at December 20, 2012 01:04 PM (J+mgg)
Also, we have far worse people (childish citizens) than did FDR.
Posted by: DiogenesLamp at December 20, 2012 09:18 AM (bb5+k)
Herb, may you and your family be the first casualties in whatever catastrophes are to come.
Posted by: weft cut-loop [/i] [/b] at December 20, 2012 09:18 AM (cEtVC)
Right, this is the same bullshit Monty used to spin. All fiat currencies in the history of the world have eventually collapsed. Except for, you know, the US dollar, the Canadian dollar, the British pound, Swiss franc, Australian dollar, New Zealand dollar, etc. Except for all the exceptions, they've all collapsed!!
Posted by: Gristle Encased Head at December 20, 2012 09:18 AM (+lsX1)
Posted by: BCochran1981 at December 20, 2012 01:13 PM (da5Wo)
And those cute little "star" pasties!
Posted by: CharlieBrown'sDildo at December 20, 2012 09:18 AM (GsoHv)
Posted by: Donald Duck in Mathmagic Lanfd at December 20, 2012 09:19 AM (XDC0v)
Posted by: TheQuietMan at December 20, 2012 01:13 PM (1Jaio)
------------------------------------------------
I've been using the stock market numbers as a measurement of government growth. Because that's really all it's connected to now.
Posted by: Soona at December 20, 2012 09:19 AM (2xh3G)
Posted by: Paladin at December 20, 2012 09:19 AM (WujO7)
I'm having a PJ cookie baking party for the end of the world. I figure if it really does happen I want to be in comfy clothes and eating yummy cookies.
And I agree with alexthechick, I find the folks saying there is no inflation to be really annoying because anyone who grocery shops and cooks has noticed that not only is food going up in price, but the amount we are getting in the packages is going down.
Plus I'm really mad about the cotton shortage because now everything is a blend again, just EXACTLY like in the 1970s. I don't want to die in a polyester blend shirt dammit.
Posted by: ParanoidGirlInSeattle at December 20, 2012 09:19 AM (RZ8pf)
Posted by: Mr. Moo Moo at December 20, 2012 09:20 AM (HDgX3)
Posted by: t-bird at December 20, 2012 09:20 AM (FcR7P)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:20 AM (VtjlW)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 09:21 AM (GFM2b)
Posted by: Gristle Encased Head at December 20, 2012 01:05 PM (+lsX1)
And this is why I advocate dual use purchases. Plan your purchases so that they will be beneficial with or without a total financial collapse. Smart food shopping will always yield a future return. (Unless the price of food dips, which I really, really, really do not expect to happen.)
Posted by: DiogenesLamp at December 20, 2012 09:21 AM (bb5+k)
Posted by: MSM at December 20, 2012 09:21 AM (Y5I9o)
http://tinyurl.com/ngmtba
Posted by: wg at December 20, 2012 09:21 AM (aouqk)
Posted by: Donald Duck in Mathmagic Lanfd at December 20, 2012 09:21 AM (XDC0v)
Posted by: Gristle Encased Head at December 20, 2012 01:18 PM (+lsX1)
_____________________________________
So if something hasn't happened yet, it can't ever happen. Is that your theory?
Posted by: Mr. Moo Moo at December 20, 2012 09:21 AM (HDgX3)
Posted by: Donald Duck in Mathmagic Lanfd at December 20, 2012 01:21 PM (XDC0v)
________________
Because food and gas are used by so few people, they decided it wasn't important enough to measure. Now iPads on the other hand are used by 100% of the population, so they're included.
Posted by: Mr. Moo Moo at December 20, 2012 09:22 AM (HDgX3)
Posted by: Butters at December 20, 2012 01:06 PM (NIZHJ)
And this is a good point. FDR took the gold. Barry can do the same thing.
Posted by: DiogenesLamp at December 20, 2012 09:22 AM (bb5+k)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:20 PM (VtjlW)
I have cookies.
And a workaround for the Lysene Contingency.
Posted by: BCochran1981 at December 20, 2012 09:23 AM (da5Wo)
Gold and silver, I dunno. I expect I couildn't buy squat with it even it all did somehow crash and just mentioning I had any would get me a visit, not from the government but from some MS-13 gang.
It plays a role but it ain't central to anything. It depends on what you're seeing ahead. If I thought some Iron Curtain was about to descend I'd want some so I could have a negotiable to jump the border and a little grub stake. But that takes a significant value of metals to do right.
If I'm holing up here I'd want other things. Like in the event of a crash I'd want health first, skills second, family third, and land. Only other event I could see where gold would be what I want is if I intended to buy during a Weimar-style fire sale. Admittedly, that would be sweet.
Posted by: uterus cannon at December 20, 2012 09:23 AM (3ZtZW)
Posted by: Matt from CO at December 20, 2012 09:23 AM (HdB1a)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 09:23 AM (GFM2b)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:23 AM (VtjlW)
Why is the White House so worked up about Boehner's plan B, considering the Senate won't take it up & pres would veto anyway? Think about it
Posted by: Jones in CO at December 20, 2012 09:24 AM (8sCoq)
280 So yesterday the Horde was discussing my benevolent(ish) dictatorship and my tits and today the Horde is discussing my theoretical garter wearing.
Carry on.
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:23 PM (VtjlW)
I missed tits?!?!? DAMMIT!!!
Posted by: BCochran1981 at December 20, 2012 09:24 AM (da5Wo)
245
By February, you will see a glut of ammo and weapons on the market.
February?
SMOD may be actually making an appearance in February.
According to SpaceWeather...we will be seeing an incoming meteor that passes by us at 0.09 LD's on February 15th.
[LD = Lunar Distances]
So...0.09 LD...that's awfully damn close.
Posted by: wheatie at December 20, 2012 09:25 AM (K4wCe)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:25 AM (J+mgg)
Posted by: CAC at December 20, 2012 09:26 AM (5eIGj)
Posted by: Clemenza at December 20, 2012 09:26 AM (Q8Pu5)
Do some research on the black market in Cuba, USSR, N. Korea, etc. You'll find out gold is/was non-existent in those markets. Nobody needed or wanted shiny metals when they could barely get enough to eat every day.
Posted by: Mr. Moo Moo at December 20, 2012 09:26 AM (HDgX3)
Apparently reading isn't your strong suit. I'm pointing out that the claim that "all fiat currencies have collapsed" is obviously bullshit. But please don't let trivial details like "facts" or "reality" interrupt your hysteria.
Posted by: Gristle Encased Head at December 20, 2012 09:26 AM (+lsX1)
So, I must have missed the memo - when did Kate supplant the lovely Christina Hendricks as the AoSHQ go-to "cute girl with large sweater-meat" reference?
Posted by: DocJ at December 20, 2012 09:26 AM (A5uiv)
Silly, I said I had cash. You know what the capital of Ireland is?
Imp, there hasn't been a glut of any weapon or ammunition since 1994. I will be thrilled, in a way, if you turn out to be right. But then, I'm not holding Ruger or S and W stock. It would be a shame for gunmakers to weather what they're going through this week, and then lose it all in a market collapse. Watch Cerberus. I'd bet they keep a hand in, in some way that doesn't show much.
Do you wonder what the California teachers' retirement fund will invest in, after they divest the merchants of death? Abortion clinics, maybe.
Posted by: comatus at December 20, 2012 09:27 AM (qaVK+)
Right, this is the same bullshit Monty used to spin.
All fiat currencies in the history of the world have eventually
collapsed. Except for, you know, the US dollar, the Canadian dollar, the
British pound, Swiss franc, Australian dollar, New Zealand dollar, etc.
Except for all the exceptions, they've all collapsed!!
Posted by: Gristle Encased Head at December 20, 2012 01:18 PM (+lsX1)
------------------------------------
When the dollar finally augers in, the rest of these currencies will too. All of them are connected to the dollar one way or the other.
The earth will become flat again.
Posted by: Soona at December 20, 2012 09:27 AM (2xh3G)
Posted by: wheatie at December 20, 2012 01:25 PM (K4wCe)
back of the envelope calculations say 21,501 miles
if the cosmos so much as breathes on it, could be a bad day
Posted by: Jones in CO at December 20, 2012 09:28 AM (8sCoq)
Posted by: comatus at December 20, 2012 01:27 PM (qaVK+)
A chain of bathhouses.
Posted by: Jay Guevara at December 20, 2012 09:28 AM (4u2LN)
Posted by: Matt from CO at December 20, 2012 09:28 AM (HdB1a)
Hey, the DOOMeister is back! And just in time for the EoTW, which really will be televised.
Oh, and on the UE rate, we were told back in '09 that this would be the "new normal," yet someone voted not to stop it, but to make sure we had more of it.
We are well and truly screwed.
Posted by: BackwardsBoy, who did not vote for this shit. at December 20, 2012 09:28 AM (yiIja)
Posted by: rickb223 Let. It. Burn. at December 20, 2012 09:28 AM (GFM2b)
Posted by: Cato at December 20, 2012 09:28 AM (oxNxk)
You don't need it all to be converted to gold first.
Posted by: Mr. Moo Moo at December 20, 2012 09:28 AM (HDgX3)
I must have been in a coma during that conversation. Dang.
Posted by: DocJ at December 20, 2012 09:29 AM (A5uiv)
I'm hoping that a lot of the people currently panic buying ARs but never so much as take them to the range decide to sell them in a couple of months when they see that an "assault weapon" ban isn't happening.
Not that I really need another gun, but since when does "need" have anything to do with it?
Posted by: Hollowpoint at December 20, 2012 09:29 AM (SY2Kh)
Posted by: soothsayer at December 20, 2012 09:29 AM (gQJLM)
216 Recall, beads once were sought after too.
------------
And salt. Don't forget salt. Which is the *real* reason Bloomberg wants it outlawed.
Posted by: Citizen Anachronda has a gold foil hat for when tin foil isn't good enough at December 20, 2012 09:30 AM (NmR1a)
What about your tits?
Posted by: CharlieBrown'sDildo at December 20, 2012 09:30 AM (GsoHv)
Posted by: DocJ at December 20, 2012 01:26 PM (A5uiv)
I, for one, 'believe' Kate's boobs. Cristina's owe their success, I believe, to high performance undergarments.
Posted by: Jones in CO at December 20, 2012 09:30 AM (8sCoq)
Posted by: t-bird at December 20, 2012 09:30 AM (FcR7P)
Posted by: Matt from CO at December 20, 2012 09:31 AM (HdB1a)
Posted by: Gristle Encased Head at December 20, 2012 01:26 PM (+lsX1)
_____________
Chill the fuck out. If you haven't noticed I'm anti-gold myself. Your claim is still if it hasn't happened before it can't happen ever. No shit the $USD hasn't collapsed. Doesn't mean it can't or won't in the future. I don't know if it will or won't. But I'm not going to say I can predict the future with 100% certainty and say it will NEVER happen.
Posted by: Mr. Moo Moo at December 20, 2012 09:31 AM (HDgX3)
Just hate the 5.56 round....with the heat of 1000 suns. Probably will never own an AR15 or the like because of that.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:31 AM (0q2P7)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:31 AM (VtjlW)
Posted by: baldilocks via iPad at December 20, 2012 09:31 AM (Su0W2)
beads?
sea shells?
Posted by: soothsayer at December 20, 2012 01:28 PM (mr2ZC)
304beads?
sea shells?
Posted by: soothsayer at December 20, 2012 01:28 PM (5UHkX)
How you do that?
Posted by: eleven at December 20, 2012 09:31 AM (KXm42)
Slow burn. What was the US dollar worth back in 1910? 40X 50X what it is today?
Posted by: @PurpAv at December 20, 2012 09:31 AM (52dU3)
Posted by: Hollowpoint at December 20, 2012 01:29 PM (SY2Kh)
That's just crazy talk!
[I'm hoping the same thing. But the question is: what market will they hit?]
Posted by: CharlieBrown'sDildo at December 20, 2012 09:31 AM (GsoHv)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:32 AM (J+mgg)
Posted by: Empire of Jeff at December 20, 2012 09:33 AM (g5jxH)
Posted by: Clemenza at December 20, 2012 09:34 AM (Q8Pu5)
But he had five. What if he would have snapped!? Where is the protection from these assault slings!? Our children have them for crying out loud!?
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:34 AM (0q2P7)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:31 PM (VtjlW)
Are you my wife?
She goes apoplectic when she sees women in her business go without.
Posted by: CharlieBrown'sDildo at December 20, 2012 09:34 AM (GsoHv)
Posted by: Jones in CO at December 20, 2012 01:30 PM (8sCoq)
From Hendrick's leaked cell pics.
NSFW
http://tinyurl.com/7w7m8vn
Look just fine to me.
Posted by: BCochran1981 at December 20, 2012 09:34 AM (da5Wo)
Posted by: soothsayer at December 20, 2012 09:34 AM (gQJLM)
The takers don't care about any of this stuff. The "economy" is just a bunch of numbers manipulated by the rich. As long as that paper still buys them some weed, crack, or Fritos, they coukld care less. Work? That's for suckers.
Posted by: Damn Sockpuppet at December 20, 2012 09:34 AM (YmPwQ)
Posted by: Donald Duck in Mathmagic Lanfd at December 20, 2012 09:34 AM (XDC0v)
Oh, I'm so sorry. No, you get some rest. We'll wait till you feel better, than we'll question you. If you cannot make it in, we'll arrange for a hospital room deposition.
Posted by: K-Bob at December 20, 2012 09:35 AM (VizQx)
Posted by: CharlieBrown'sDildo at December 20, 2012 01:30 PM (GsoHv)
Its not nice if there you ask if there are tits.
You must ask how big they are
NSFW
Posted by: Vic at December 20, 2012 09:35 AM (53z96)
I buy milk at my local Aldi for $1.99/gal. Dairy product prices are the same as they were eight years ago.
With energy, real estate, labor prices flat there can be no inflation.
Posted by: Herbert Hymenhopper at December 20, 2012 09:35 AM (ULNMd)
That was my impression too, B. But I'm at work and can't access such evidence. Knew you'd come through.
To borrow a line from a show I really never liked, "They're real, and they're spectacular."
Posted by: DocJ at December 20, 2012 09:36 AM (A5uiv)
Posted by: EC at December 20, 2012 09:36 AM (doBIb)
Posted by: baldilocks via iPad at December 20, 2012 09:37 AM (Su0W2)
Posted by: Hopeless at December 20, 2012 09:37 AM (BnWeG)
See how much better stockings are! See! http://bit.ly/YpZdt9 (MSFW) [ also you're welcome ]
I hereby granted directed verdict in my favor. Res judicata, bitches!
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 01:31 PM (VtjlW)
Res Ipsa Loquitur
Posted by: BCochran1981 at December 20, 2012 09:37 AM (da5Wo)
I believe the old silver Spanish "pieces of eight" were accepted as legal tender in the US until some time in the 2nd half of the 1800's.
The Spanish 8 was the first currency to attain relatively worldwide acceptance. It was used all over the western world, through Africa, and into the middle east.
Posted by: @PurpAv at December 20, 2012 09:37 AM (52dU3)
NSFW
http://tinyurl.com/7w7m8vn
Look just fine to me.
Posted by: BCochran1981 at December 20, 2012 01:34 PM (da5Wo)
They look perfect to me. Thank you
Posted by: TheQuietMan at December 20, 2012 09:38 AM (1Jaio)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:38 AM (VtjlW)
I tend to get slapped for questions like that.
Posted by: CharlieBrown'sDildo at December 20, 2012 09:38 AM (GsoHv)
Posted by: soothsayer at December 20, 2012 09:39 AM (5UHkX)
And that, boys and girls, is a wrap.
LIB just became national policy.
Posted by: Hopeless at December 20, 2012 01:37 PM (BnWeG)
------------------------------------------------
KY lube stocks just went up.
Posted by: Soona at December 20, 2012 09:39 AM (adaEs)
Posted by: alexthechick - SMOD. Burn you all to ashes, SMOD at December 20, 2012 09:39 AM (VtjlW)
Posted by: Anna Puma (+SmuD) at December 20, 2012 09:39 AM (J+mgg)
Posted by: uterus cannon at December 20, 2012 09:39 AM (3ZtZW)
Posted by: Fritz at December 20, 2012 09:39 AM (/ZZCn)
Posted by: BackwardsBoy, who did not vote for this shit. at December 20, 2012 09:39 AM (yiIja)
Posted by: BCochran1981 at December 20, 2012 01:34 PM (da5Wo)
I want to believe those are hers. But a decent lawyer could get that pic thrown out.
meanwhile I'll save that pic to my laptop WHAT!?
Posted by: Jones in CO at December 20, 2012 09:39 AM (8sCoq)
Ah, vaudeville dies again.
The capital of Ireland is about 40 British pounds. Dude, that is so old.
You might have at least run "Belfast" up to see if a crossbow went off.
Speaking of British pounds, Gristle, the pound has collapsed several times, at inopportune moments too. Twice in the late 1600's. They went bankrupt fighting the Dutch. The history of English money is a microcosm for the hard-metal argument.
Posted by: comatus at December 20, 2012 09:40 AM (qaVK+)
Yeah, same here. That and the short little 16" barrels that are all the rage right now. The only saving grace of the .223 is the high velocity, so shoot it out of a short barrel that reduces velocity? Doesn't make much sense to me.
That said, they are well suited for close quarters. I'd still be tempted to get one in a more potent caliber though, but then the money factor comes into play...
Posted by: Hollowpoint at December 20, 2012 09:40 AM (SY2Kh)
Thus proving Democrats were acting in bad faith all along and never had any intention of passing anything.
Posted by: @PurpAv at December 20, 2012 09:41 AM (52dU3)
So many women, not realizing they have the built in ability to memorize any man they encounter. Just think, you wouldn't have to stomp the men to get stuff out of them, they would just give it to you. Why? If you asked them later they would have no idea.
Posted by: MikeTheMoose is Shrugging at December 20, 2012 09:41 AM (0q2P7)
Posted by: Jones in CO at December 20, 2012 09:42 AM (8sCoq)
hmm, So tell me what will happen now.
And what would be the next step for Republicans ?
Posted by: ette at December 20, 2012 09:43 AM (nqBYe)
Heat sealed mylar bags with O2 absorbers inside, then placed into 5gallon buckets. Or so they tell me....
Posted by: Country Singer at December 20, 2012 09:43 AM (L8r/r)
I've read up a little on the 6.5 Creedmore, seems to be a decent round for an AR platform.
But then you're looking at either spending a lot of time at the reloading bench or paying a premium for the uncommon ammo, in addition to the high price of the rifle itself.
Posted by: Hollowpoint at December 20, 2012 09:44 AM (SY2Kh)
And that, boys and girls, is a wrap.
LIB just became national policy.
Posted by: Hopeless at December 20, 2012 01:37 PM (BnWeG)
Harry Pederast Reid: Did you say boys?
Posted by: TheQuietMan at December 20, 2012 09:44 AM (1Jaio)
Posted by: comatus at December 20, 2012 09:44 AM (qaVK+)
Posted by: t-bird at December 20, 2012 09:45 AM (FcR7P)
Nobody is saying that a currency can't collapse in value, obviously it can. But so can gold or silver or the relative value of stripped AR-15 uppers. Yes, the dollar has declined in value but the economy is over 400 times larger than it was in 1910. I'm not sure if you've noticed this or not, but people get paid more dollars than they did a hundred years ago. The population today has a higher standard of living than it did in 1910. But still, silver dimes!!
Posted by: Gristle Encased Head at December 20, 2012 09:45 AM (+lsX1)
Posted by: Ferb Fletcher
Same here. I know otherwise rational people who voted for Zero because of single issues....gay marriage, abortion, more environmental controls, etc,
To hell with what's good for the country and the future generations
Posted by: Cheri at December 20, 2012 09:45 AM (G+Wff)
With energy, real estate, labor prices flat there can be no inflation.
Posted by: Herbert Hymenhopper at December 20, 2012 01:35 PM (ULNMd)
Dude, I shop at Aldi's as well (Sometimes) last I checked milk was higher than that.
QuikTrip actually had the cheapest milk for a while (since they don't need staples to cover their margins on lost food.) And even it was running $2.50/gallon or more.
Posted by: tsrblke (work) at December 20, 2012 09:48 AM (LzlrF)
With energy, real estate, labor prices flat there can be no inflation.
Posted by: Herbert Hymenhopper at December 20, 2012 01:35 PM (ULNMd)
_____________________
What's an Aldi? Never heard of it.
You obviously have zero education in economics since you have no clue what inflation means. I assume you learned economics from HuffPo where unemployment benefits stimulate the economy. There's no reasoning with people like you.
Again, if you're so sure about all this, you have nothing to worry about. Go about your daily business without a care in the world. The $16T debt will just magically erase itself. The 22T debt Social Security has will as well.
Ciao.
Posted by: Mr. Moo Moo at December 20, 2012 09:51 AM (HDgX3)
Posted by: Truck Monkey at December 20, 2012 09:51 AM (jucos)
I am told it is because they are "too volatile".
Posted by: navybrat at December 20, 2012 09:52 AM (6KRjT)
On a day that I'm fasting for a procedure scheduled for the Last Day of the World.
Some irony in there somewhere.
No cookies though,
for me anyway.....
They aren't Dooming as far as I can tell.
Nice folks.
Posted by: ontherocks at December 20, 2012 09:53 AM (aZ6ew)
Posted by: comatus at December 20, 2012 09:53 AM (qaVK+)
I actually suspect we won't see much hyperinflation until the economy begins to pick back up.
Several people have analyzed the numbers and determined that the Fed's devaluing is being undercut by Dodd-Frank (since banks need more capital they're holding the money the fed creates for them.)
This is only going to keep happening for so long, the money will be released and it will be a freaking floodgate.
Posted by: tsrblke (work) at December 20, 2012 09:54 AM (LzlrF)
Posted by: Hank Johnson at December 20, 2012 09:58 AM (e8kgV)
Posted by: Mr. Moo Moo
The stupid shit is epic on this thread and you're leading the parade.
Gold readily converts to gunmen and pussy, always has, always will.
Posted by: DaveA at December 20, 2012 10:12 AM (Xefrb)
Posted by: Mekan at December 20, 2012 10:12 AM (hm8tW)
Posted by: DaveA at December 20, 2012 10:13 AM (Xefrb)
Posted by: bensdad00 at December 20, 2012 10:14 AM (zpAfQ)
Posted by: ejo at December 20, 2012 10:25 AM (GXvSO)
Posted by: Alas Babylon at December 20, 2012 10:27 AM (QupBk)
Posted by: Gristle Encased Head at December 20, 2012 01:45 PM (+lsX1)
What I find amusing is that in 1860, it cost about an ounce of gold (equivalent) to buy a good suit...
Today? It costs about an ounce of Gold to buy a good suit....
Gold is NOT an investment, so much as a way to fight the devaluation of the dollar... which with Bernake saying the Fed will continue to monetize the debt to "get unemployment down'... is inevitable.
Posted by: Romeo13 at December 20, 2012 10:36 AM (lZBBB)
The citizens that lived under a currency crisis like Argentina, don't you think the ones that bought physical gold and held on to it came out better than those who held on to their worthless pesos?
I don't understand how anyone can argue with that logic.
I don't think you'll make a fortune off of gold, but you can salvage a lot more than with pieces of paper that are basically IOUs from someone who's completely broke.
Also, usually when countries start flying off the rails, black market economies are what rule the day. Gold is an excellent way to store something of value "off the books".
Posted by: McAdams at December 20, 2012 10:56 AM (Iozfp)
Do you mean that buying our own treasury bonds with dollars printed by us will not lead to a stronger dollar?
Posted by: ejo at December 20, 2012 01:00 PM (GXvSO)
This post is missing some terminal bonage, or should that be Bo(eh)nage?
Posted by: steveegg at December 20, 2012 02:14 PM (o44nj)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
Posted by: Jeff Brown at December 20, 2012 03:19 PM (VEuMW)
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Monty!
u were missed.
Posted by: ette at December 20, 2012 08:16 AM (nqBYe)