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Special Drawing Rights...

Discussion in 'Preparedness & Survival' started by Decker, Jun 29, 2010.

  1. Decker

    Decker My house Active Member

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  2. Wenis

    Wenis Tri-Cities, WA Member

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    This is exactly what happened with all the default mortgage loans. Bad loans were bundled together with good loans and sold to other banks. And if I remember correctly, that plan sucked.

    If you haven't figured this out yet, the dollar is going to have hyper-inflation within 5 years. It will be worth about 2 cents per dollar according to historical patterned predictions.
     
  3. Jamie6.5

    Jamie6.5 Western OR Well-Known Member

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    One day, not long from now, it may well be a bushel of wheat or rice. Not easy to store/transport or keep from spoiling though, so certificates will be issued.
     
  4. Trlsmn

    Trlsmn In Utero (Portland) Well-Known Member

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    Here’s a person holding up a 50 Billion Zimbabwe Dollar note.
    50-Billion-Dollar-Note.jpg

    Children in Germany in 1923 playing with the now worthless money.
    1923-Children-playing-with-currency.jpg

    barack_obama_on_food_coupon_note.jpg
     
  5. Russianfist

    Russianfist Sweet home, Oregon Active Member

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    Time to invest in gold again. :(
     
  6. absoluterik07

    absoluterik07 Salem, OR Member

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    Time to invest in guns if you ask me!
     
  7. stitchclimber

    stitchclimber St. Louis Active Member

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    its people like you that scare me. those that will only invest in a source of violence to secure their future. rather than investing in their future and then investing in a means of protecting that future.

    Its people that stockpile guns and ammo but no food or gold that make me have to stockpile extra ammo to fend off those who would be after my food and gold.
     
  8. Ragingpit

    Ragingpit Rochester,WA Member

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  9. absoluterik07

    absoluterik07 Salem, OR Member

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    I'm sorry but in what way did I say I was investing in violence? I specifically said invest in guns. I never even mentioned violence. Guns hold their value reasonably well and can become a great item to trade for food or other items etc. Plus with the amount of gold you bought instead of guns you don't get any practical applications out of it like hunting for example. You can try to hunt a deer with a bar of gold but I'll stick to my rifle thanks.
     
  10. EZLivin

    EZLivin SW of PDX Well-Known Member

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    It is an absolute certainty. The current world reserve currency ($USD) will be replaced with the SDR. International trade will be done via SDR. National currencies will exist (for now) but Americans will have to get used to what it means to not have the status of having the world's "favored" currency. Fortunately, the $USD losing its reserve status is so evident that just about anyone could recognize the situation if they bothered to pay a little attention (but alas, most Americans are too dumbed down to notice, or to understand the ramifications). Do I like it? HE** NO, but it was inevitable (no currency retains international reserve status for long). What really bothers me is I keep thinking "Book or Revelation" when I consider where the SDR could eventually lead.

    FWIW. Wealthy individuals have been accumulating gold, diamonds, other precious metals, and collectibles for some time now. The trend continues.