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by Red Sable on 18 January 2014 - 18:01
http://usawatchdog.com/gold-backwardation-the-meltdown-of-all-meltdowns-karen-hudes/
Former World Bank Senior Counsel Karen Hudes says,“It’s pretty clear where we’re headed, and that is something called permanent gold backwardation. That’s a fancy word for people losing confidence in paper currency. That means the value of currency in the future is less than today.” How bad is “permanent gold backwardation”? Hudes, who spent 20 years at the World Bank, says, “This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.” Hudes goes on to say, “Just think about what that would mean in terms of the jobless rate. It’s going to make any depression we ever had (the 30’s, 2008) pale in comparison.” Hudes says even though the credit ratings agencies rate U.S. debt high, they know just the opposite is true. Hudes contends, “This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.” What would that look like to the man on the street? Hudes predicts, “Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.” Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes.
Listen to what she says of coming pesitlence ( hmmm, where have I heard that before??) and the corruptness of the VATICAN and JESUITS * aka the new Pope
Former World Bank Senior Counsel Karen Hudes says,“It’s pretty clear where we’re headed, and that is something called permanent gold backwardation. That’s a fancy word for people losing confidence in paper currency. That means the value of currency in the future is less than today.” How bad is “permanent gold backwardation”? Hudes, who spent 20 years at the World Bank, says, “This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.” Hudes goes on to say, “Just think about what that would mean in terms of the jobless rate. It’s going to make any depression we ever had (the 30’s, 2008) pale in comparison.” Hudes says even though the credit ratings agencies rate U.S. debt high, they know just the opposite is true. Hudes contends, “This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.” What would that look like to the man on the street? Hudes predicts, “Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.” Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes.
Listen to what she says of coming pesitlence ( hmmm, where have I heard that before??) and the corruptness of the VATICAN and JESUITS * aka the new Pope
by Two Moons on 18 January 2014 - 21:01
If you have a lump of gold heavy enough to use as an anchor for my Jon boat, I will trade you a fresh baked loaf of bread and one dozen fresh eggs.
Or you can just work it off splitting firewood.
Other than wealthy men keeping score what good is gold.
Burn it all down...............
The Vatican....LMAO.
Or you can just work it off splitting firewood.
Other than wealthy men keeping score what good is gold.
Burn it all down...............
The Vatican....LMAO.
by Red Sable on 19 January 2014 - 09:01
I'm not going to waste my money on gold either. People will want food and water, what is needed to live, who cares about gold then when everything else is in short supply?
by gouda on 19 January 2014 - 09:01
Good morning Janet
Give all your extras to your local food bank and your poor neighbours that are in need,
and don't worry about what tomorrow will bring. You will never be at ease with yourself
until you do.
Just some friendly advise for a sister in Christ.
gouda
Give all your extras to your local food bank and your poor neighbours that are in need,
and don't worry about what tomorrow will bring. You will never be at ease with yourself
until you do.
Just some friendly advise for a sister in Christ.
gouda
by Red Sable on 19 January 2014 - 10:01
Thanks Gouda. In this land of Gov't support, there are few in need around me. However, I do believe the time is coming when there will be many in need. If I can help out then, I certainly will. We will all be equal then. Take care. :)
by Two Moons on 19 January 2014 - 13:01
No,
we will not all be equal when the shit hits the fan, you'll find this out rather quickly.
we will not all be equal when the shit hits the fan, you'll find this out rather quickly.
by Carlin on 19 January 2014 - 14:01
I do believe the time is coming when there will be many in need. If I can help out then, I certainly will.
If what you think will happen actually happens, all that you have would likely be taken from you in short order.
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