Crashman Begins

Im also Hedged in case of a SHTF scenario Differences between great depression & what were are expecting : There is a lack of a gold standard, which serves as a restriction to how much the money supply can be expanded. The dollar was devalued relative to gold during the Great Depression, so there were attempts to circumvent restrictions on the money supply, but ultimately the gold standard was not fully abolished until 1971, and so the Federal Reserve was a bit more restricted in how much money it could create. This restriction does not exist today. http://www.dailymarkets.com/economy/2009/01/02/now-and-the-great-depression-similarities-and-differences/

Around 60 - 70K Surely if it gets that cheap, the millionaires / everyone else who likes that area will just buy them up. OOps was in a rush this morning ; ) Getting it at close to 2005. It sold for roughly £195,000 in 2004 & a similar one sold in 2007 for roughly 285k It will be a 2 bed with my Mrs & 2 kids 10% deposit / 1200 PM repayment / fixed for two years. Cant see rates going up for a long time. In a tranquil middle class suburb Been waiting a long time & if shit hits the fan again banks might reduce lending to 15/20 % deposit which will leave me saving up for another 5-6 years ? If shit hits the fan like you say, then my PM's will skyrocket & I'll use some / all to pay off the flat in full & the rest will go on a house with a garden (for food) further out, whilst I put the flat on rent ; ) & if it dosent skyrocket supply will continue to dwindle allowing me to swap it eventually for our deposit on a second home

Hello HPC'ers, I would be a 1ST TIME BUYER, buying at low end of a wealthy / saught after area near London. My main thought is that I would be shielding myself from NEG Equity by buying such an area, instead of buying in areas that are dropping & dont tick all our boxes. Also we want to move there because of the good schools, cheap childcare & the facilities i.e parks, classes, scenery & transport. It ticks all the boxes for us Whats your thoughts

To prove they have REAL honest money tucked aways, as well as the printed stuff that is used as a means of exchange.

Ha Thats what you think. They win no matter what happens. & have been winning for 30+ years.. do you know why ?

What if they reduce production but accept ... another form of payment ?

So you want something.... and the higher it traders, the more others want it... What do you DO ?

Do any of you HPC'ers know anyone or know of anyone who acted on this news 40 years ago ? To those that knew the signs, it would have been a clear signal to get into property etc / sell up your PMs and get into property ?

http://golden-metal-investment.blogspot.com/2011/08/gold-prices-slump-3-on-stock-bounce.html Gold prices slump 3% on stock bounce, margin hike NEW YORK: Gold recoiled after tapping a new record on Thursday, heading for its largest daily loss in over a year as an equities rebound and higher trading margins fanned profit-taking from the biggest rally since 2008. Prices slumped nearly 3 per cent and fell over $80 from their overnight peak in one of the biggest daily swings ever. Yet analysts showed no sign of revising their bullish view of gold, up nearly 20 per cent since June as investors seek safer havens amid global debt crises and a darker economic outlook. Concerns of a deepening European crisis and the possibility of distress among French banks helped propel gold to a record $1,813.79 an ounce in Asian trading. And while equity investors swooped in to scoop up bargain stocks on Thursday, underlying worries are unlikely to disappear soon, analysts said. Traders said steeper margin requirements also would not stop gold's long-term advance. Late on Wednesday, the CME Group Inc raised margin requirements for 100-ounce gold futures by 22 per cent, the biggest rise in about 1-1/2 years and the first such rise since January. "Once again, gold's decline is indicative of a sell-off of safe-haven assets, more of a risk-on type trade today," said David Meger, director of metals trading at commodity broker Vision Financial Markets in Chicago.

Many years ago in far away sweets land the locals discovered they had 2 lifetimes worth of chocalate (maybe more) flowing in their rich land. They decided that they would sell the chocalate in return for some everlasting Gob stoppers, instead of the sherbert. They did this as they had a sweet tooth & wanted to pass the everlasting Gobstoppers down through the villages. The gobstoppers lasted a long time, where as the sherbert was easily available & didnt last very long. Slowly the other far way lands world realised that sweets land were accumulating gobstoppers & decided to buy them too... this caused the price of gobstoppers to rise very quickly... Sweets land like Gobstoppers so they had to do something to keep the price low so they could keep swapping the chocalate for Gobstoppers? What should they Do ? (Shall I tell more ?)

Ohhh no does that mean that house prices wont crash because theyre injecting cash out of think air to prop the market up ... like they didn in 2008 ??? Its not fair... Im waiting for house prices to crash in this same out of thin air money

A deal was done in the 70's that allowed (so called) 30 + years of economic stability.

Yes unforseen forces caused it to crash.... They wanted a world where monetary stability was stable... there was only one way to do this & allow everyone to bebefit for 30+ years... a deal was struck. see my thread Watch In Absolute Wonder As The Demand For Oil Plunges & It's Price Goes Thru The Roof

http://www.guardian.co.uk/money/2011/jul/08/tax-revenue-drops-as-drivers-cut-back-on-petrol Tax revenue plunges as British drivers cut back on petrol at the pumps The government has lost almost £650m in tax revenue in the first 12 weeks of this year thanks to a drop in the amount of petrol and diesel being used by British motorists compared with the same period three years ago, according to the AA. The claim came as the price of fuel looked likely to rise further as the wholesale cost of North Sea Brent blend leapt $3 a barrel on expectations of stronger global demand due to a strengthening US economy. British retail petrol sales were down by 835,654 litres between January and March 2011 compared with the same period in 2008, while diesel was lower by 246,994, said the motoring organisation, which blamed the recession and record fuel prices. "The full impact of higher VAT, unbridled stock market speculation and a weaker pound on fuel prices and drivers' ability to afford them have been laid bare," said Edmund King, president of the AA. "The first three months of this year saw the equivalent of 13.5 days of UK petrol sales wiped out – good for the environment but appalling for families, business, rural communities and the Treasury," he added. The AA said the 15.2% dip in petrol sales and the 6% fall in diesel sales compared with 2008 came as the price of petrol increased by 7.94p a litre and diesel by 10.51p a litre in the first three months of this year. Year-on-year figures over the first quarter show a 3.7% decline in petrol use and a 0.5% in diesel, backing evidence that motorists were cutting speeds to conserve fuel and reducing car use. Supermarkets have since launched a sustained campaign of fuel-related promotions while many western governments have also helped bring down wholesale oil prices through the release of strategic reserves. The soaring cost of fuel has spawned a FairFuelUK campaign which has been working to get government taxes on petrol and diesel reduced. One of its supporters, Robert Halfon, the Conservative MP for Harlow, Essex, told parliament this week that the police spent £78m on fuel in 2010 and this figure could reach £90m this year – "money that could have been spent on policing". Petrol prices have fallen since March on the back of lower crude values, but wholesale prices are marching upwards on the back of strong employment figures in America. Prices for August delivery of crude on the IntercontinentalExchange were up $3 at $116.62 per barrel. On the New York Mercantile Exchange, August crude was up $2.20 at $98.85.

So where are we now with the whole ALT-A reset etc & how will this effect us ? Are we on the brink of the 2011 reset now, and what happens in 2013 onwards when these figures seem to drop down. Start of another boom ?

Fast & Furious......, dont you just hate it when something underground gets commercialised on a global scale FORGET ANY footage you've ever seen in any Fast & Furious especially Tokyo drift. This is the real deal : Lamborghini Murcielago 2008 Vs SUPRA 1200 Hp Supra VS Lambo Osaka Touge street Drifting http://youtu.be/sM4nhxA5hQs 700hp turbo hatch vs kawasaki z1000 -> Peter Skellen would have a heart attack P.S Cars are like printy printy... the more common a car you buy the quicker it devalues...

Yep Thoughts is an amazing thread / read ....NO NOT THE ONE THE OP IS TALKING ABOUT . Pity you HPC'ers arent ready for it Ohh well I tried.

There is no problem with supply of oil..... there is a problem with supply of payment JOIN THE DOTS !!! If you had an oil well in your back garden would you accept paper promises for it ?

No the US defaulted on its promise of .... For this Saudi kingdom was only willing to trade it's finite supply of oil for an equally finite store of value, And after having been burned once, in 1971, they weren't about to be burned again.

Put the pieces of the puzzle together : - Printy printy leading to claims on gold http://en.wikipedia.org/wiki/Nixon_Shock 1971 Because of the excess printed dollars, and the negative U.S. trade balance, other nations began demanding fulfillment of America’s “promise to pay” - that is, the redemption of their dollars for gold. Switzerland redeemed $50 million of paper for gold in July.[1] France, in particular, repeatedly made aggressive demands, and acquired $191 million in gold, further depleting the gold reserves of the U.S.[1] On August 5, 1971, Congress released a report recommending devaluation of the dollar, in an effort to protect the dollar against foreign price-gougers.[1] Still, on August 9, 1971, as the dollar dropped in value against European currencies, Switzerland unilaterally withdrew the Swiss franc from the Bretton Woods system 1973 http://en.wikipedia.org/wiki/1973_oil_crisis Because oil was priced in dollars, this meant that oil producers were receiving less real income for the same price. The OPEC cartel issued a joint communique stating that forthwith they would price a barrel of oil against gold. Oil prices rises 1977 Gold Rises 1980 Markets were brought back under control..... but how ? 30 years later Rumours of Gold shortages and oil rising again...

Correct FIGGY... YOUR GETTING THERE .. VERY HOT NOW !!!! It involves monetary policy but the US didnt get punished for getting involved in the middle east.... its deeper than that. What other big event else also happened in 1971 ? (Hint involves a president )

1971 What happened to cause this ?

No

This is where the thread should be going.... I will post a topic explaining all. But you guys need to be prepared for it with open minds..... because as this thread shows.. you havent asked for explanation or even noticed where I wanted the thread to go.

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