Silver, gold, diamonds vs knives, guns and bullets

[GordonJ]

But, being aboard a nuclear powered submarine, with many weapons, we were pretty certain we could hold off the natives when trying to climb on board while the island collapsed. We only had to make it a half mile out to sea then we could dive and all those still left clinging to the boat, were on their own.

We would practice drills, alarms would sound, we go to battle stations, and the captain would announce, Guam is Sinking, Guam is sinking.

Yea, we elect only the best and brightest, and along those lines, 26 years of an Ivy league President (and the results)...maybe it is time to say NO to Yale and Harvard too, perhaps we need a GED prez, or at the most, a Community College tradeswoman, like Josephine the plumber.

Gordon

Originally Posted by TommyBoy

I've long been predicting a financial collapse but not sure what that will look like. The markets are being artificially inflated by all the Quantitative Easings (QEs - notice how nicely the government makes it seem like a pleasant phrase, much more pleasant than Bail Out or Excessive Debt - but I digress) and they can't be sustained like that forever. The US is 18Trillion in debt, and it is not the worst of the lot. As nations continue to borrow to prop up their economies which are led by burgeoning bureaucracies, something has to give. What does that look like? I really don't know.

I pity the next generation that has to actually pay for the debt this generation borrowed. Or I guess you can say they voted for it so they deserve it.

Interesting quote from Einstein:

'I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones."

We're going to get a shot at a "do-over". I'm just not sure what to expect.

I went to withdraw about 10K from a bank a couple of years ago and they didn't have the money on hand. The most they could give me was $5K and scolded me to call ahead so they could have more money on hand if I did it again. I'm pretty certain that FDIC claim about being insured to $100K is a huge lie. How do I know? They tell us this. They have $25 billion in reserves, but there is $9.4 Trillion in deposits across the country. Something's gotta give.

The future is looking fairly bleak I'm afraid. It's easy to blame politicians, but I blame the voters who want the handouts and "freebies", and who continue to elect absolute dolts to public office. The classic example of this is Congressman Hank Johnson's questions to an Admiral