warning: this is totally off-topic, so if you are not interested in listening to "scaremongers", you might as well skip this post altogether
. However, I would urge everyone who is proud of being a critical thinker, to check out the links provided in it, and make their own mind
i think this viewpt that we will have some end of days scenario and the govt will take the gold are really exageratted. no country is on the gold standard anymore so would make little sense to consficate something the govt claim has little value.
true, no country is on the gold standard currently, but there are movements in SOME countries, sometimes grassroots, sometimes not at all (and probably, within central banks themselves - re: gold price suppression, possible hoarding of gold by central banks, China doubling their gold reserves in half a year, and promoting gold among their citizens as a savings/investment vehicle, senator Ron Paul in the US, who would probably like to introduce gold standard for dollar as fast as possible, if he wins the elections (please, God, make it so...)), that might suggest, it will not be like this forever. And truly, if this civilization is to survive, fiat money created as a debt, AND fractional reserve banking must both end, and the nonsense of exponential growth of the economy has to be debunked, but only afterwards - since in the current system, exponential growth of economy is REQUIRED just to prevent it from collapsing - eg. supplied with appropriate amount of money (created by banks, as an interest-bearing debt).
economic collapses have happended throughout history. (...)if the swiss govt st started stealing everyones gold then i think we would have some other issues to worry about.
...because it is, like, the governments would never EVER do that to their people, right
? Stealing from them? Unthinkable
. Well, Swiss government might not dare to steal from all the international money being stored in their banks, being just some pimple on the European map, but the most powerful nations on this planet, that would not worry about retaliation, they will probably at some stage try something like that, I guess. Because they DID, in the past, and why they shouldn't.
I would really, really like to be wrong on this, but the current economic collapse we are sinking in, will almost certainly be totally unlike the previous ones. In that, we will NOT be able to recover from it, and go "business as usual". And indeed, we do have a lot of other things to worry about - but all of them rooted in inherently flawed monetary system, where money is created as an interest bearing debt.
I would urge everyone who haven't seen this yet, to check out the reasoning in:
view the CrashCourse videos on:
or maybe start with that one, short and to the point:
...and just think about the facts and the reasoning in them. And make your own mind (and preferably, start your own organic garden, too!)
I do not remember who said that: "anyone who believes that exponential growth can go on forever on a finite planet, is either a madman, or an economist". It was some Nobel prize winner, AFAIR. There simply must be some physical glass ceiling that we will bounce of, sooner rather than later. So called "peak" - be it overpopulation, oil declining, resources depletion, phosphorus depletion ocean fishing depletion - and we are fast approaching (or are past) ALL of them.
So, are we at the peak yet? All signs and facts point out, that indeed we are. It is going to be downhill from there. And financial and especially MONETARY systems of this world COULD NOT survive, if the economic growth cannot be restored, it is simple arithmetic - if nearly all the money enters the economy as a debt, how to service it, without introducing more money into economy (= borrowing even more)? So, to service the debt, we MUST grow our economy, otherwise, it will get "foreclosed", by and large, and by the power of the numbers and an inherent design flaw, and despite all the (im)possible efforts of the hamsters in their roll cage, ie. all of us.
So what happens when the music finally stops? Everything collapses. Like, EVERYTHING, because it will be not possible to service debts (both sovereign, corporate, and individual). Defaults on debts, will cause even more money to be erased from the economy (remember, money is created as a debt, so when the debt get paid back OR written off as a foreclosure, that portion of money vanishes). And it could only be reversed, when economy can grow, to start servicing the debt back again. But how can it grow, without introducing more money into it (=going even deeper into debt)?
And all the "austerity measures" of this world wouldn't change a thing. They might close ALL government spendings to ZERO, and still, there WILL be debt to service, and to service it, we MUST grow the economy (=grow the debt, to supply more money into growing economy). The debt is inevitable in the current monetary system to provide money for the economy, so talking about "reducing debts/deficits" without reforming our monetary/banking systems from the ground up
, is simply confusing effects for the causes.
And funny enough, no one is talking about that aloud, I mean so-called "mainstream", they all expect that we are only experiencing some major bump on the road, but as always, "it will end some day, and we will be doing business as normal, with the restored growth and all". Well again, I really hope they are right, for the sake of all of us (that would buy us some time to sort out the current mess), but my curse being that I am a critical thinker, I somehow cannot agree with that point of view, because IMHO, it just does not add up, and is disconnected from the reality. And disconnected from simple arithmetic, too.
PS. Oooops, that is a "little" off-topic post... please forgive me, I will behave from now on!