What Will You Do When The System Collapses?

hippiehillbilly · Oct 15, 2008

https://www.youtube.com/watch?v=QovBLFZhQME

zihger · Oct 16, 2008

^ Oil peak guy needs a donkey like shrek has.

How about a sum up of the global finical carnage as of 10-16-08, look at all the red...

http://www.indexq.org/wide.php

sdng · Oct 16, 2008

Skip said:

There are many ways to accomplish the shutdown of the Internet. The US could turn every unsecure computer online into a slave overloading the system.

They could shut down our computers themselves if they're running Windows and possibly other operating systems via backdoors.
Click to expand...

you obviously don't kno much about tcp/ip, but it's alright we'll all pretend you know what you're talking about

heeh2 · Oct 16, 2008

zihger said:

^ Oil peak guy needs a donkey like shrek has.

How about a sum up of the global finical carnage as of 10-16-08, look at all the red...

http://www.indexq.org/wide.php
Click to expand...

holy fucking shit!

is that real?.....that cant be real

hippiehillbilly · Oct 16, 2008

oh its real...

http://www.indexq.org/

hippiehillbilly · Oct 16, 2008

so much for gold and silver being a safe investment. i hope no one bought in the last week..

stalk · Oct 16, 2008

lol it just drops. didn't see that comin...!!

zihger · Oct 17, 2008

hippiehillbilly said:

so much for gold and silver being a safe investment. i hope no one bought in the last week.

Click to expand...

That's only the price for paper and paper in a collapsing economy is worthless. alot of stake holders are demanding the physical to be delivered and get delay answers or no answer. Default paper gold could be in the future.

Physical prices are at $1200. oz gold if you can get it, I think silver is somewhere around 18-$20 an oz. I think the governments are manipulating the paper gold prices to leave no escape.

The price of oil is strange??? $70 and falling? with an emergancy OPEC meeting.

hippiehillbilly · Oct 17, 2008

oh they are manipulating it...look for oil to bottom between 40 an 50 a barrel,,at least. no matter what opec does. everyone must go down with this ship and they are manipulating the markets to make sure of it. then they will implement a new bretton woods type system to take out the wealth of those in possession of gold and silver..

with that being said,i dont believe gold and silver is a safe place to put your money be it through the market or to physically have it in your possession..

in fact there is no safe bet IMO..

zihger · Oct 17, 2008

I would never buy Gold or silver in the market, it is just a concept, a lot of people think they own so many gold bars in a huge vault protected by security guards, NOT. They own a bunch of contracts and projections. So when too many people ask for their gold it is just the same as a bank run they only have maybe 10% of the metal the rest is in contracts. The gold market might unravel just like the banks; if it does physical gold will skyrocket. If I had money I would invest in physical metals. But it is by no means safe nothing is safe when economies collapse but gold and silver have been the safest in history.

I wouldn’t be surprised if this was a planned melt down but it is just so complex that I think it is an out of control mess. It has a lot of similarities to small governments when they collapse and are done.
Mexico and a lot of the other Central America countries are implementing a lot of anti collapse methods but the U.S. has a almost complete lack of them in place, it is fucking crazy..

There is just to many factors, we are just preparing as it unfolds and trying to stay flexible to adapt to the new patterns as they arise.

hippiehillbilly · Oct 17, 2008

off another board,take it how you wish..

This just in from the 28th issue of Global European Anticipation Bulletin (released yesterday). This think tank has been eerily and surprisingly spot-on in all of their predictions, even anticipating a global systemic crisis in their premiere issue in spring 2000 (I cut an pasted from a .pdf, so please forgive any typos or formatting errors):

Factors directly lead the United States to defaulting on their debt by summer 2009:

1. The recent upward trend of the US Dollar is a direct and temporary consequence of the collapse of stock markets

If the recent upward evolution of the US Dollar is rightly considered as « counter-intuitive » by many analysts who find it difficult to explain, it is due to the fact that it is a technical consequence of the past weeks’ financial shock. Indeed, because of the collapse of stock markets, investors and operators were compelled to sell massive amounts of USD-denominated assets, either to stop further ratings drops or to cover their losses resulting from these drops. The US Dollar being the prevailing currency on global stock markets, the process provoked a rush towards the US currency needed in all those transactions. All the more since, US banks having ceased to lend money to their foreign counterparts by fear of bank failures, these non-US financial operators had to purchase their dollars directly from the market, thus increasing the imbalance between demand and supply. The evolution therefore does not result from some “bet” on the health of the US currency, but from a compulsory step on the way to getting rid of one’s USD-denominated assets. At the turn of the year 2008/2009, when the process will be over, the US dollar will resume its downward evolution, as « very « intuitively » there will be no one left to trust the US economy, especially with a ballooning public deficit reminding of Argentina. Moreover, the immediate reflex of these operators when a financial shock such as the September 2008 one happens, is to take refuge in treasury bonds, in particular US T-Bonds. In the past few weeks this was a second reason for the Dollar to climb, as temporary as the first one as the coming weeks and the present GEAB’s further descriptions will show.

2. The US public debt is now swelling uncontrollably

What is happening in the US these days presents similarities with a brain embolism. Little by little the federal state (Federal Reserve and government) is compelled to become the insurer of the country’s entire private debt, in addition to the already phenomenal public deficit (federal and states). The Paulson/Bernanke technique (a duet that kept making mistakes all along the last two years) in fact consists in postponing worse events by announcing that Washington takes in charge any defaulting institution: Bear Stearns started the season, then Fannie and Freddie, then AIG, and now the hundreds (or thousands in the end) of billions of “toxic” assets in dollars owned by all those banks which no one can tell how much they are worth anymore. For instance, in less than a month, between the end of August and the end of September 2008, the US administration has announced that it was taking charge of USD 1,000-billion worth of new debt (and this is a low pitch), knowing that USD 1,000-billion is also the total amount of dollars in circulation on the US territory! Paulson and Bernanke managed to double the United States in one month. According to LEAP/E2020, by summer 2009, this duet – as well as any duet that will come after the November election - will make 2 or 3 more clones of the US… debt-wise. Indeed the drastic drop in fiscal revenue, combined with ballooning debt, can only come to this result; and in the same move, to a division by the same factor of the US government’s capacity to repay the debt (the value of UD dollars and T-Bonds is about to follow a new diet). Neither the US tax-payer nor the country’s economy and even less the rest of the world will pay the bill when the public deficit is likely to reach USD 1,000-billion early in 2009.

3. The ongoing collapse of the US real economy prevents from finding an alternative solution to the country's defaulting

If indeed the month of September 2008 was marked by the global impact of the financial crisis, it is also the month when the US economic activity collapsed. This phenomenon went rather unnoticed at global level, but is will certainly become a central topic in the coming weeks because of its consequences for the general situation in the US. When the Eurozone will face a close to zero growth (+/- 1%) in the next two years, when Asia will be hit by sudden recession in 2009 (of course with mixed rates, between -5% and +5%32) for a period of more or less two years also, and when Latin America will probably be somewhere in the middle33, the United States are already faced to the “Very Great US Depression” predicted by LEAP/E2020 18 months ago; i.e. at least 5 years of negative growth around -2% yearly average (it will probably take a whole decade for the US economy to be back to its current levels)

4. « Inflation or hyper-inflation », that is the only question

The United States, as well as the United Kingdom, will keep experiencing a significant increase in prices, fed by the rapid growth in money supply and the creation from scratch of large amounts of money. Both the Fed and the Bank of England are generating the highest hikes in their recent history in this field. If inflation will persist in Asia at an average 5 to 10% because of a support to the economic activity and of tensions on food supply in particular, it will ebb in the Eurozone back to an average 3% while, in non-Euro EU countries (UK, Scandinavia and new members), it shall remain 5 to 10% high. Lastly in the US, given that the Fed has proved unable to handle inflation when it decided to lower its main-rate down to 1.5% (and it will be probably be lowered even further down) and given that the US Treasury Department is preparing to print always more dollars, investing in a distressed economy and taking over more and more of the banking system’s debt45 (and soon of household debt,
in reference to the two presidential candidates’ propositions to defer foreclosures), real inflation (still far from the official statistics as explained in the previous GEABs), already close to 8/10% will climb above 10% at the beginning of 2009, speeding up at the pace of the country’s economic collapse. This phenomenon will contribute significantly to the whole process of US government failure, itself likely to trigger a process of hyper-inflation. The graphic below describes hyperinflation in Germany at the beginning of the 1920s; it shows that the process of hyperinflation is preceded by a period of inflation which all of a sudden, in just a few weeks, becomes uncontrollable. The magazine The Economist which made this graphic named it « The price of unvirtue » and « unvirtue » there was a lot in the management of the United States in the last years.
Click to expand...

an this,

This ties in with my own analysis in the following thread:
"USA June 2009 = Zimbabwe"

http://2cents.dailyreckoning.com/vie...highlight=2009

Here is the relevant post:
"Putting the inflation stats into excel and the time-to-double-inflation shows an alarming trend:

The time-to-double is decreasing.
It took more than 1000 days for inflation to go from 2% to 5%, it took 700 some days to go to 10%. It has taken 300 some to go to 20% (where we are now).

Extrapolating these figures we arrive at zimbabwe levels of inflation by June 2009.

Here are the charts. The 1st one is projected inflation rate. The 2nd is days-to-double-inflation"

Click to expand...

zihger · Oct 18, 2008

Personally I find a lot of the European forecasts and analysts to be biased and not panning out. They seem to try to portray that it is an American problem and it will just pass through Europe shortly and be over and sell your U.S. currencies and you will be fine.

I think Europe has basically the same fait currency system and it is falling just the same.

U.S. currency has been the most stable for decades a lot of anti American people will try to bash that statement but it is what people have always converted to in times of financial crisis over the past decades and what we all weigh currencies against. The Euro got strong but it is new..

I totally agree that the dollar is being destroyed and will probably go through hyperinflation but I don’t buy the European theories of how it is weaker and more unstable then the Euro.

So it makes me laugh to see these French fuck heads that were talking so much trash about the U.S. melt down and how worthless the dollar is, going bankrupt..

stalk · Oct 18, 2008

Honestly I'm probably going to siphon the gas out of stranded cars and burn everything to the ground. Fuck Babylon.

Deleted member 50876 · Oct 18, 2008

stalk said:

Honestly I'm probably going to siphon the gas out of stranded cars and burn everything to the ground. Fuck Babylon.
Click to expand...

Such a grand idea :cheers2:

stalk · Oct 18, 2008

Don't forget it. We'll need more arsons once shit hits the fan, if it even does.

OlderWaterBrother · Oct 18, 2008

Just a note to Odon, Sliverhippy and others, this thread is really not for discussion of whether the system will crash but what to do if it does.

Whether or not it will crash is a subject for another thread.

Really even the posts that show how bad things are, although interesting, they’re a little off topic.

Even this post is off topic.

Kudos to all the people talking about what they’re doing to get ready and the suggestions for what others can do.

Sing and dance with one hand free,
OWB

PS I really enjoyed “A Post-Oil Man”.

skip · Oct 19, 2008

sdng said:

you obviously don't kno much about tcp/ip, but it's alright we'll all pretend you know what you're talking about
Click to expand...

I'm certainly no expert on the intricacies of TCP/IP, but I do know how effective trojans and other viruses can be at taking over ppl's computers. My statement was referring to taking control over end user computers, not servers, althought that too can be dealt with.

And if you have software companies handing all their security keys over to the US gov't (dare you to deny it), there's probably NOTHING the gov't can't do under the guise of National Security to most computer systems.

Another thing to remember is a lot of the best hackers work for the gov't - but they can only be considered gray hat at best, since they're working for Bushit and don't care about our privacy rights.

But I'm pretty certain there's a top secret project that has left backdoors open for gov't agents in all software produced by major American software companies, allowing them easy access to anything. They can certainly scan any US based server they choose. The telecoms must allow this now.

They could easily bring down all US nameservers in a flash, and cut off overseas access. I suspect this is a popular scenario under martial law.

skip · Oct 19, 2008

zihger said:

http://www.indexq.org/wide.php
Click to expand...

Thanks for posting that. Great summary of the damage done so far. Also remember that early in the year the markets were UP!

This is total market meltdown!

Look at Iceland. Down 90%! Is that where we're heading? I find it interesting that both Morocco and Venezuela markets recorded the smallest drops for the year. Perhaps they were way up before.

Predictably, the US debt is exploding! We are just beginning to see the effect it's having. The dollar will soon tank. Inflation will become much more noticeable.

Let's hope things turn around after the elections. Hopefully, before martial law...

What will happen tomorrow?

hippiehillbilly · Oct 19, 2008

i just saw a scenario where the databases are hacked and all records are wiped out leading to martial law and a necessity for mass round ups and the implanting of the rfid chips under the pretext of reestablishing all the records that were lost..

sadly i can see where that is very possible..

odon · Oct 19, 2008

OlderWaterBrother said:

but what to do if it does...
Click to expand...

Move in with my Mum and Dad

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What Will You Do When The System Collapses?

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