Friday, February 11, 2011

Got Metal?

And I am not blogging another exploit into hot metal or metal removal this time. I am refering to this.

IMF discusses plans to replace Dollar as Reserve currency.

I have made comment to the potential affects of this scenario.

Glenn Beck has.

Shenandoah
has.

Countless others have.

WHEN, not IF, this comes about, Game Over. The only thing that is keeping our inflation in check (if you want to call it that) is the fact that our currency is THE reserve currency for the entire world shy a couple of Major players. (China and Russia have already gone into agreement on trade with each other, not using the Dollar as a fulcrum in those trades)

This is not good.

Or maybe it is. I guess it depends on your outlook. I am sure the collapse of this country will enlighten many to what reality is. Then again, I doubt it.

Maybe I am rushing into the whole "game over" precept. Maybe, it will actually be end of 'round one', on to 'round two'. There are those that have been preparing for 'whatever' for some time now. Maybe this is exactly what the Higher Power intended. The shepherds in place to pick up the pieces and hold sanity together.

So, Got Metal? Doesn't have to be precious either(but it will help). Lead, copper and brass are going to be needed also (to protect everything not metal)
Steel as in Ax heads, Ball Canning lids, etc etc, are going to be staples to have on hand.

Hell, You all know the deal. Once the IMF turns it's trick, The only thing left for our .GOV to do is try and print itself out of debt (just as they are trying to do now.) Wanna bet that Gov issued Debit cards will become mandatory? How better to control the monetary supply.

Yup, things could get ugly fast.

5 comments:

Anonymous said...

I have read this too, Dio, and it is true that we wouldn't last a single morning's trip to the bank. That said, will the IMF break soon? Are things that dire in their neck of the woods that they would sacrifice what amounts to the engine of all economics to divert to a new currency and world order? I think that they must, but I also don't think this is possible for them just yet. However, much more of these freedom revolutions and we will see it.

chinasyndrome said...

Dio,IMF,world bank,U.N. plus all the other world groups are just a larger version of obammy's govt. Take U.S. money! I don't know where it goes,but somebodys getting it! And Americans are sitting around watching it happen!Blind most Americans blind! Yes we need our own state!!!!

China
III

Ryan said...

I think having a certain percentage of your liquid resources in PM's makes sense. Also having plenty of bullets for your core weapons is prudent though I don't look at that as a financial thing.

Ken said...

...as i told an anon commenter,from my post the other day,gold is a 'rock'..."value" is a term coined for the end user,all metal(we know of which i speak,and listed at least partially in yer post) are "precious"...only in the sense that they can provide you with food,that quite possibly,couldn't be purchased with all the gold one can carry (.02)

Diogenes said...

"."value" is a term coined for the end user"

Spot on. The silver I have been collecting is actually worthless in certain scenarios. Gold is the same way. I remember reading of a tribe in Africa or somewhere that found gold 'pretty' but useless. Value to them, NADA. LOL. Even brass will have value after the fact when things get bad. If you find bullets on sale that you don't have a gun for, get 'em anyway. They can be used for barter later on. Same way I am buying up silver.