End Of The Dollar - IMF To Go To SDRs - Latest Video

[Axe]

I agree for the most part. Keep in mind his point of view. I don't think he knows what we know.

He's looking at land overseas from the point of view of the complete collapse of the dollar.

For a "text" transcript of the video, go to this page, close the window, and you will get a popup
asking if you want to stay on the page. If you select "stay on the page" you will be on the "Text version":
http://www.stansberryresearch.com/pr...VD/LPSIM406/PR

I think what the video did for me was frame the picture of the "day" when everything will change.

It's something we all talk about in "theory". However for me at least, the little walk through history
he takes was good for me in the sense of reminding me how fast it will actually happen. He's right about that.

Keep in mind, I understand he's selling a product, and alarmism is his marketing tool, but I think the
readers here know that he's not really being alarmist.

It will happen one day. One day, we will wake up and the entire game will have changed. There will
be nothing anybody can do at that point. No matter how much money you thought you had, it will
be worthless. There will be mass confusion, rioting, looting, murder and rape.

No one will take your "dollars" for anything. Gold and silver will be so expensive that it will be out of
reach. Everyone at the same time will be furious and desperate to provide for their families.

Worst case imaginable.

I think it was great that he revisited the "winter of discontent". I had forgotten (too young). that was just from a 14% drop in the value
of the Sterling. The 3 day work week and the blackouts. It will be much worse here, and the drop will be far more than 14%.

On that day, the talk of "lawful money" will be irrelevant.

The secret meeting was also ominous;

For example, although it went almost completely unreported in the U.S. press, last fall, a group of the world's most powerful countries, including China, Japan, Russia, and France, got together for a secret meeting – WITHOUT the United States being present or even knowing about the meeting.

Veteran Middle East report Robert Fisk reported on this even in the Britain's Independent newspaper:

"In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese Yen, Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."

Fisk also interviewed a Chinese banker who said:

"These plans will change the face of international financial transactions. America and Britain must be very worried. You will know how worried by the thunder of denials this news will generate."

And sure enough, after Fisk published the details of this secret meeting, U.S. officials and central bankers from around the globe denied these plans.

Then there was this (classic):

But as the old central banking adage goes... how do you know exactly when a currency will be devalued?

The answer: Right AFTER the head of the central bank goes on television to adamantly deny that any such transaction will occur. (And guess who just went public in recent weeks with a statement about how the U.S. will "not devalue its currency"? Yes, you guessed it... U.S. Treasury Secretary Tim Geithner.)

I wanted to start this discussion because I think that redeeming lawful money
is indeed remedy, and all are fortunate that find it. But I want to open the "echo chamber"
to further steps beyond that. You know, where the rubber meets the road; survival
after the collapse of the world as we know it.

More than just "how to make soap out of tree bark" survival. How to maintain a similar
"standard of living" to what we have now.

I know not everyone is going to be on this "frequency", but for those that are, I'm interested
in sharing and planning, that we may help each other refine a plan with a real chance of success.

Funny though that the "remedy" for this whole crisis is lawful money. I think we can be sure
that it won't ever happen though, as I believe this is the whole plan to begin with. The IMF.

Hence, the logic for further planning is I think prudent.