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- - Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Frisco (http://goldismoney.info/forums/showthread.php?t=266424)

squexx | 05-19-2008 04:46 AM
Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Frisco It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, San Francisco stevequayle.com February 27, 1997 Moneychangers http://www.stevequayle.com/News.aler...inflation.html "Food riots break out in New York, Los Angeles, Chicago, San Francisco, St. Louis, & New Orleans. In Cleveland & Chicago, enraged mobs of housewives kill three Kroger store managers before police riot squads & SWAT teams can clear the buildings. In other cities, dazed shoppers are glad to find bread at $75 a loaf, but few can afford hamburger at $119.50 a pound." "Traders briefly panic when shots are fired in the gold pit at the commodity exchange in Chicago, but calm quickly when they realise the shots come from the few remaining short sellers committing suicide." ---------------------- It Couldn't Happen Here This article appeared first in the 2/97 Moneychanger, & has since been reprinted numerous times in places as far away as Australia. I am posting it because of the economic crises in Asia and Russia. On one day in January, 1998 the Indonesian currency dropped twenty-five percent (25%), & the Korean won dropped about 30% the week before. In Indonesia shoppers surged to buy anything they could of value, stripping stores of appliances & even cooking oil. Rioters have several times violently persecuted ethnic Chinese there. In short, Asian investors have seen a decade of saving evaporate in a few months. In Russia, the last two weeks of August and first week of September 1998 took more than 66% off the ruble's value. This is the second time in five years Russians have suffered the theft of all their wealth by a collapsing ruble. Still Americans smugly believe, "It couldn't happen here." They maintain that in the teeth of a stock market that has already given a Dow Theory signal of a primary trend change, and has dropped 18.2% in the not-quite two months since its July high. Don't kid yourself:it is already happening here. How do you think those Asian investors fared who bought gold? Sure, the price of gold has dropped this year, but nothing likethe ringit or won or rupiah. In their own currencies gold has appreciated mightily. Take warning from their suffering; sell you stocks & real estate, & buy some gold. Not tomorrow, but right now - before it happens here. In April, 1993 the Russian Rouble collapsed, losing 99.9% of its value in one week. Prices rose 1,250%. It couldn't happen here? Maybe not, but if it did, here's how it might unfold. FRIDAY Across America it seems like an ordinary Friday. The Dow trades nervously in a 200 point range, weaker at the day's end on reports the Japanese Finance Ministry is complaining about the high dollar & being forced to digest too many US government securities. Still, the Dow closes up 8.90 points at 6,825.35. Gold jumps strongly to finish the day in New York at $380, silver at $5.25. Experts on Wall Street Week that evening are reassuring, certain that the Japanese complaints are only one more in a series of inconsequential negotiations in US-Japanese financial relations. On the way home, millions of Americans stop by the gas station & tank up at $1.38 a gallon. At the grocery store, they buy bread for $1.25, & pick up a pound of hamburger for $1.99................ http://www.stevequayle.com/News.aler...inflation.html

Twisted Avatar | 05-19-2008 06:14 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri I WISH with all my might I knew about Gold and Silver back then....... Dam......... I would be a fricken millionare in terms of REAL WEALTH..:banghead: No matter ...start where you stand. T

Tn...Andy | 05-19-2008 06:25 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri IF.....IF.....IF... IF if's and buts were candy and nuts, we'd all have a Merry Christmas.

Twisted Avatar | 05-19-2008 07:13 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Right you are Andy, I just had a weak moment and beat myeself with the silver whip... I am back on track now....To my reagular paniced state.:bull-buddy-icon: T

Avalon | 05-19-2008 08:43 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri I really love Steven and I never miss him on coast.. He is a good soul but dammit he scares the mess out of people.

Twisted Avatar | 05-19-2008 09:10 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by Avalon (Post 1109216) I really love Steven and I never miss him on coast.. He is a good soul but dammit he scares the mess out of people.
Fear is always the strongest motivator...... It helps you not to take stuff or granted. But if it gets out of control it will paralyze you. Let fear be a COUNCILOR AND NOT A JAILER. T

Seleukus Nikator | 05-19-2008 09:17 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by Twisted Avatar (Post 1109243) Fear is always the strongest motivator...... It helps you not to take stuff or granted. But if it gets out of control it will paralyze you. Let fear be a COUNCILOR AND NOT A JAILER. T
sunuvabeyotch, I like that phrase. is that a quote from someone or just your genius talking?

goddess | 05-19-2008 09:31 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri :D Good morning boys. That monday paragraph is right about where we are now. Seems like this colapse is going slower that we thought. Which is good cause I'm not ready yet. PS I know someone who bought the bulk of his silver at $3 oz. :banghead:

Twisted Avatar | 05-19-2008 09:47 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by Seleukus Nikator (Post 1109266) sunuvabeyotch, I like that phrase. is that a quote from someone or just your genius talking?
I sniped it from a old Tony Robbins tape. Got a good memory for one liners like that. T

Silver Shield | 05-19-2008 09:58 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri It cannot not happen here. Nature always seeks a balance. It's a long way down from here guys.

Twisted Avatar | 05-19-2008 10:30 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by Silver Shield (Post 1109315) It cannot not happen here. Nature always seeks a balance. It's a long way down from here guys.
Long........ long.......loooooooooooooong way. T

Tn...Andy | 05-19-2008 10:31 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by goddess (Post 1109279) PS I know someone who bought the bulk of his silver at $3 oz.
Well, they took a beating......the last time you could have bought silver for 3 bucks, or less, was about 1972, so they've been sitting on it for 35 years or so..... 3 bucks to 17 bucks in 35 years is about a 5% annual return.....almost exactly the same as the "official" inflation rate over the same time period.......takes 17 FRNs to buy what 3 would have bought in 1972. Silver did what silver and gold do over long periods......retained wealth. Same 3 bucks invested in IBM, Coca Cola, or Standard Oil ( Exxon ) stock with dividends reinvested would be several hundred bucks today...as they've run in the 12-15% range over that same time period....they would have been far better off to have bought large cap stocks. However, silver bought 2 years ago at 8 has a 41% return now. The time to buy silver is now. It's either going to retain wealth if the FRN RAPIDLY inflates away, or make some serious returns due to the coming industrial shortage if the world keeps buying stuff.

Twisted Avatar | 05-19-2008 10:45 AM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
Originally Posted by Tn...Andy (Post 1109372) Well, they took a beating......the last time you could have bought silver for 3 bucks, or less, was about 1972, so they've been sitting on it for 35 years or so..... 3 bucks to 17 bucks in 35 years is about a 5% annual return.....almost exactly the same as the "official" inflation rate over the same time period.......takes 17 FRNs to buy what 3 would have bought in 1972. Silver did what silver and gold do over long periods......retained wealth. Same 3 bucks invested in IBM, Coca Cola, or Standard Oil ( Exxon ) stock with dividends reinvested would be several hundred bucks today...as they've run in the 12-15% range over that same time period....they would have been far better off to have bought large cap stocks. However, silver bought 2 years ago at 8 has a 41% return now. The time to buy silver is now. It's either going to retain wealth if the FRN RAPIDLY inflates away, or make some serious returns due to the coming industrial shortage if the world keeps buying stuff.
Dubble bump that. T

buff01 | 05-19-2008 02:53 PM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri scary scenario. It's funny to see we're already at "monday"

Jonas Parker | 05-19-2008 03:29 PM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri Quote:
FRIDAY...In Austin, the Texas legislature, acting on the Treaty of 1848, exercises its right to declare the independence of the Texas Republic. [END]
From Steve Quayle's lips to God's ear...

AMforPM | 05-19-2008 11:45 PM
Re: Scenario: It Couldn't Happen Here: "Food Riots Break Out In NYC, LA, Chicago, Fri I thought I was horribly late at 7 something silver 43x gold, 45x with commission... but it turned out, as lancers told me at the time, not to be very late, but even rather early.

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