How much food does that 2% produce today compared to the 30% who farmed in '20? More importantly, how much of that food does the U.S. export today compared to back then? Find that out, connect the dots and you'll realize that the U.S. has the ultimate hole card left to play. IMHO, we much better equipped today. Under the right circumstances it would become politically acceptable to nationalize the food industry in order to ensure that the population is adequately nourished.
about the only thing that achilles gets right when he comes into EliteTrader, is his password, everything else is bizarre, unfounded and highly irregular.
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LOLOLOL!! Tell me something Corky, what difference do all the exports in the world make if Americans don't have enough money to buy it? There was more than ample productive capacity during the Depression. Yet people starved. Strange how reality continually flies in the face of every half-baked theory you defend as "likely". Shit in one hand and hope in the other.... Perhaps you'd prefer to rely on FEMA to bail your starving ass when the local grocer sells out in 5 hours? After all, the fantastic job they ran in New Orleans must instill confidence in you Big Government types! Come on, FEMA!!
Must be tough when your "genius" is hidden by incoherent garbles and 3rd World English! Welcome to America! The both of you!
http://www.bulliondirect.com/ http://www.midasresources.com/ http://www.kitco.com/ Or contact the Canadian or US mint directly and ask for a broker recommendation. Ideally, prices shouldn't be more than 5% over spot. Coins are hard to get, now. Part of the reason why there's speculation of impending default.
if you are going so far as to buy physical gold, is anyone else going as far as to buy it locally and anonymously in case the US makes it illegal to own precious metals- just like in the past?
Sorry. I assumed you had the intellectual capacity to comprehend what the food produced by a nationalized food industry would "cost" to it's citizens... Unfortunately, history shows that large numbers of farms during the Depression went bankrupt. The reason? Currency deflation. The value of their exports dropped by 80% while the volume only dropped in half.
Precious metals? No, only gold was confiscated because of Roosevelt's order. Silver was still out there. Except for pennies and nickels, all coin was 90% silver until '64 except for Kennedy half dollars, which were reduced to 40% silver until '70. Little chance/motivation to do the same today since we're no longer on a gold standard. Gold-bugs refuse to accept the impracticality of having a gold standard today much less admit to the problems that can occur when on one. The best we can hope for today is sound monetary policy, but you can't have that when private banking is in control of it.