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i sure do HOPE i aint the "Eddie Mush"...i'll save that clip to show ya the "The Mush" (from "Bronx Tales)

but i was reading this....just a little quote, and sometimes its the little things that give you the big picture:

quote:
"While Cyprus is just 0.2% of eurozone GDP at 18 billion euros, Chandler says in this case “size is not the key factor,” comparing it to Thailand in 1997, a small country which sparked the Asian financial crisis.

Europe's ongoing fiscal and banking crisis is a reminder of desire for safe haven currencies, like the Japanese yen. Chandler says this shock has interrupted the “yen devaluation story” which prominent investors including George Soros have reportedly been betting on.

And in terms of the U.S. Dollar, another safe haven currency, Chandler sees its appreciation this year as a more sustainable trend, based not just on safety but on the U.S. economy gaining traction." end quote

okay...you could say, "bs, the dollar is thru"....fair enough i'm not arguing. and Ben has been printing like crazy, and as long as the perception, among big money is that the dollar is safe haven, the preception becomes the reality, until it isnt.

now, we dont know exactly how Cyprus plays out, but my gut is, too many big players realize hopw bady the EU, ECB, and IMF, effed up, and now they're trying to walk this back, and put the fire out. 70/30 they put it out...short term, and we might just have gotten real blessed.

how?....we just got given a "tell", how in the future, things could go down....so, think about how to tighten up, your own "bank".

i do believe the dollar will hold a lot longer than people think, which IS GOOD...the longer silver bands in the $26-35 area?


OH!!!...its a GIFT.

all that said, i hope i ant a "Mush"...here's the original "Mush"....nope couldnt find it....basically Eddie Mush is a degenerate gambler, and whatever he bets on ALWAYS loses, so if Eddie bets on what you did...you just got mushed.

so here's a great scene from A Bronx Tale.....any prepper worth his salt should HEED this scene WELL


..

WTF, was that filmed with a potato?

Neckro wrote:WTF, was that filmed with a potato?

hey...a lil lag....so sue me....oh!!!

Good stuff Neil. I was talking to my father last night about just this. I could see a scenario where Germany and several of the Norweigen countries shed the Euro, and if that happens the Euro is DONE! Funny, I can remember just only a few years ago there were Hollywood types saying they want to be paid in Euros because the dollar isn't safe anymore...lol GOOD CALL!!!

-The Great

Neckro wrote:WTF, was that filmed with a potato?

Maybe I just needed a good laugh, I don't know. But I haven't laughed that hard in 2 weeks

Glad to know that we still might have some time to stack... I fail to see why the dollar is continued to be viewed as a safe haven currency. It has been diminishing in that role for some time now. It is just strange to me that more people are not flocking to PMs with the news concerning Cyprus.

Good movie. Anyone who hasn't seen it, watch the whole thing.

Yeah, hey, this is what it was like growing up in Boston in the 70's. Organized crime had their fingers on everything (including the politicians). Couldn't start a business in Boston proper without...favors. Anyhow, when TSHTF, these guys are gonna have a field day running the black markets, don't you think?

Keep stacking gang.

Also, despite our collective dislike of federal reserve notes, don't you think we should have a few more on hand in our coffers along with our silver/gold stacks? Cyprus - a shot across the bow?

silverflake wrote:
Also, despite our collective dislike of federal reserve notes, don't you think we should have a few more on hand in our coffers along with our silver/gold stacks? Cyprus - a shot across the bow?

There are those who are both smarter and richer than I who advocate we will ultimately go into a deflationary scenario. That being the possible case then cash or currency is King as you will be able to buy more stuff with less $$.

Me? I try to cover my bases by allocating my resources by the percentage of the possible outcome based on what my brain thinks (this places me at a serious disadvantage).

Now having said that, I think the best cash to keep around are $20s for actual spending money in case the bank closes, then nickels and pennies. The nickels and pennies are cash stored away for use in case of deflation but are also stored value in case of inflation. Thus, they cover both the deflation/inflation bases with one runner. But one more reason to stack away.

Deflationary doesn't mean *everything* is cheaper. Generally far from it.

barrytrot wrote:Deflationary doesn't mean *everything* is cheaper. Generally far from it.

Barry, please elaborate on what you mean here. I understand inflation. But, still haven't been able to wrap my mind around what deflation actually is. Is delation what occured during the Great Depression (not the one some people claimed to have occured in 2009 that another "Barry" pulled us out of with his economic guieness and some neatly groomed bald guy in a helicopter ) ?

tedandcam wrote:

barrytrot wrote:Deflationary doesn't mean *everything* is cheaper. Generally far from it.

Barry, please elaborate on what you mean here.

Definitely. Please detail Barry. Your keen insight requested.

Deflation is when the money supply contracts. It is considered by economists to be very dangerous to the modern fractional reserve system - because of leverage/fractional banking it can wipe out large amounts of credit/deposits very quickly when loans start defaulting due to a shortage of cash. In a non-fractional system there is nothing so bad about deflation it just means your money is worth more.

AG , thanks for your reply. Unfortunately , now it leads me to more questions.

(1) When (if ever) was the last time the US was not on a fractional reserve system?

(2) Would a run on the banks have a similar effect to the fractional reserve system as deflation would?

(3) Was there a run on the banks back in the 20's when the Depression hit?

(4) Is a run on the banks a cause of delation? An effect of deflation? Or totally unrelted to deflation?

If anyone would be so kind as to repsond I sure would appreciate it. I know there are some really smart people here that could help me (and others reading this thread). Thanks