Upcoming economic troubles

[candasiri]

First of all I just wanted to thank Laura and everyone involved with team Cassiopaea (congrats Galatea!) for working so hard for the sake of others! I'm hoping to ask a few follow-up questions regarding the latest session re: how much the US and, consequently, the world economy is going to go off the rails in the near future. This past January I had a dream that the dollar was worth absolutely nothing and it was completely unsettling. I hope that these questions are on the minds of others as well.

In April & May 2014 sessions the Cs have said that essentially there will be no "money" in the near future.
April:

: (L) In short, be circumspect, I think. (KJN) What is the status of the money system in the United States? If you have money in the bank, can you leave it there, or should we be doing something more proactive?

A: If you store it with the fox, you will lose it at some point rather soon.

Q: (Odyssey) On the money issue, would it be a good idea to invest in silver or gold?

A: Partly, but what about "needful things"?

Q: (KJN) So we should spend it on things we need now, versus spending it on gold or putting in a bank or that kind of thing?

A: Mostly. Money will soon be worthless, ownership will survive awhile longer.

May:

(Aleana) I was thinking about paying off my car and taking the rest of it and investing it in the house and then if I get social security, great, but if not I can work. I'm not real sure about how to say that. I mean, is that a good plan?

A: Very good in fact because there will soon be no money. Notice that banks are already making gestures toward confiscating funds.

Follow-up questions I have: 1. how much time on the clock is left (approx) to buy "needful things" like paying off a car? 2. Is physical bullion such as gold coins going to have any purchasing power? 3. What did the Cs mean when they said it would be "partly" good to invest in silver or gold (I'm assuming the physical metal)? 4. Is the dollar (as long as one gets it out the bank and away from the foxes) going to have any purchasing power during any short-term volatile economic situation? 5. What's going to happen to other currencies while the US is experiencing its dollar collapse? 6. If the Cs were one of us 3rd density beings facing this crisis what are some of the top things that they would be doing to prepare?

My next questions inspired by reading over October 16, 1994:

A: World will soon have nothing but credit and debit have you not heard of this new visa debit cards this is the future of money as controlled by the world banking system i.e. the brotherhood i.e. Lizards i.e. antichrist.

Q: (L) If I don't have a credit card then I don't have to belong to this system?

A: No. You will have no choices: belong or starve.

Q: (L) How is it going to be done?

A: Stamped.

Q: (L) By what technical means?

A: Electronic encoding. A series of numbers.

Q: (L) Are they going to put these on our skins or imbed them in the skin on our heads or hand...?

A: Yes.

Q: (L) Does that mean that you will have to place your hand on an electronic scanner in order to conduct any type of monetary transaction?

A: Precisely.

Questions: 1. I'm assuming "chipping" us is still in the plans of the PTB for greater control of the masses after the dollar collapse? Is this true? Is this partly why vaccines are being pushed so hard in the US presently? 2. Will this be a fact of life for US residents or others connected to banking systems around the world? Are they going to succeed in the plans to chip? Thought that this Aaron Russo video was interesting (although conducted by Alex Jones): https://www.youtube.com/watch?v=LGcatieMvfk

Thanks so much for considering these. You don't know how much the Cs have changed my life!

 

[United Gnosis]

The global economy could collapse literally at any point now. Everything has been undermined and so much wealth has already been extracted that there is very little yield left to encourage the parasites to keep the host alive. Consider the de-dollarization of the oil trade, traditional western allies disbanding to join asian-oriented trade partners, the increasingly ominous flash crashes that hit ever closer to the vital elements of global finance...

Case in point, tonight's flash crash in USD value, which had to be orchestrated by stupendous amounts of HFT trading (as the USD is usually stabilized by the many algorithms of the Plunge Protection Team)
http://www.zerohedge.com/news/2015-03-18/currency-market-pulverized-dollar-implodes-after-close

Now, the elite could probably manage to hold it together for a few more months, a few quarters even, but at this point it would be surprising as the last ace up their sleeve is global war, whose ground has been amply prepared already. Nevertheless, trader wisdom reminds you that the market-makers can always stretch out their irrationality longer than seems rational to you...

As for value in bullion - and although I hold a few ounces of silver - I hope it holds no value in the long run. Otherwise, the elite with their thousands of tons safely stashed would still for all practical purposes own the globe. Rather, in order of decreasing priority, you should go down this checklist and invest in those higher up first:

• useful skills: canning, gardening, animal husbandry, first aid, hunting, community organization, building, meditation, prayer, yoga, music, etc; if a skill seems both interesting and useful to you, go for it - invest time and money into developping it!
• useful materials: perishables, medecine, tools, building materials (be it for a shed, a greenhouse, a fence or repairing the roof). Have at least enough that you could survive from one growing season to the next unaided, with enough to spare for the unexpected/helping your community
• cash liquidity: have enough to fill your needs for at least a few months. When the crash happens, you'll be surprised how stupid high the price will be for that toilet paper you forgot to stock up on (which is why useful materials are higher up the list than cash money)
• luxuries - only when you have that covered should you go into long-term investment vehicles such as bullion. Tobacco and alcohol are not considered luxuries but rather useful materials for their barter value.

As for the rest, although one should be prepared as much as reasonably possible, remember that those are ultimately material concerns and of little importance next to the essential qualities of being. What if the house burned down, an EMP disabled all cars and electronics, etc? Losing your cool in such a crisis situation could lead you to open up to self-destructive emotions of fear/anger/etc and fall into service-to-self mode of behavior. It would be highly recommended to avoid such a situation, especially as mortality rate will most expectedly shoot up during the first phases of global upheaval - you don't want to get caught with your pants down, so to speak, and have to sign up for the next cycle down here.

Hence, self-study, meditation, prayer and action with Knowledge remain at all times the priority for the STO aspirant.

P.S.: Paying off a car? Please. If there is still somebody to mind that debt and come collect it, be thankful that we're having it that easy.

(Edit: Zero-hedge link and P.S.)

 

[axj]

Follow-up questions I have: 1. how much time on the clock is left (approx) to buy "needful things" like paying off a car?

The C's were talking about the four months back in February, so that would mean that we can expect things to heat up around June. That may only be the beginning though and not a complete economic collapse.

2. Is physical bullion such as gold coins going to have any purchasing power?

Gold and silver will always retain some purchasing power. Unlike fiat money and other "paper assets" which can lose all their value. Still, in the short term it does make sense to keep some cash on hand while it still being accepted. So even if there is a bank holiday, you could still do the necessary purchases for a while.

4. Is the dollar (as long as one gets it out the bank and away from the foxes) going to have any purchasing power during any short-term volatile economic situation?

Many people think that there will be first a deflation which will be followed by hyper-inflation. Hyper-inflation may happen fast or over a period time.

5. What's going to happen to other currencies while the US is experiencing its dollar collapse?

I think the world economy is so interconnected now that most other currencies would experience the same problems as the dollar. The debt levels are also unsustainably high almost everywhere. It may even start with a different major currency having problems, like the yen or the euro - and in fact, the USD may be a sort of "save haven" for a little while. In a way, that is what is going on right now, with the dollar appreciating against most other currencies, because people think that it is more secure.

 

[SeekinTruth]

It may even start with a different major currency having problems, like the yen or the euro - and in fact, the USD may be a sort of "save haven" for a little while. In a way, that is what is going on right now, with the dollar appreciating against most other currencies, because people think that it is more secure.

Yeah, that's part of it. But I think, in addition to some "running to the 'safe haven'", another reason for the dollar rising is the large fall in commodities prices just about across the board - a reflection of how bad the global economy is: no demand. As so much of these commodities are still priced in dollars, the dollar "rises" when the prices drop too.

 

[LQB]

It may even start with a different major currency having problems, like the yen or the euro - and in fact, the USD may be a sort of "save haven" for a little while. In a way, that is what is going on right now, with the dollar appreciating against most other currencies, because people think that it is more secure.

Yeah, that's part of it. But I think, in addition to some "running to the 'safe haven'", another reason for the dollar rising is the large fall in commodities prices just about across the board - a reflection of how bad the global economy is: no demand. As so much of these commodities are still priced in dollars, the dollar "rises" when the prices drop too.

Yes, there are multiple things at play. From FOFOA's recent post (http://fofoa.blogspot.com/2015/03/the-big-picture.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+blogspot%2FJvXcS+%28FOFOA%29):

A recent meme has been how a number of countries are running down their dollar reserves. As we've seen in the monthly TIC reports, official support is basically flat, but now we see a few primarily oil producing countries like Saudi Arabia, UAE and Russia running down their reserves. This is, of course, related to the decline in the price of oil which has made otherwise-strong net-producer currencies weak relative to the dollar. But the declining oil price is only half of the equation. The other half is the rising price of the dollar. They are not just two sides of the same coin, but two different-yet-related things that are happening simultaneously.

This post titled "The Big Picture" is well worth the read.

As noted by United Gnosis above - the USD did a flash crash yesterday afternoon just after market close on the east coast - BTW, good summary UG. If this volatility continues, then we may have started the "wild ride" to the bottom in which the current financial system is destroyed.

FOFOA argues well the case for domestic USD hyperinflation - no more "printing" necessary.

A few other things worth suggesting:
- There will likely be a period of time where all forms of credit freeze up and cash will be "king"
- As cash becomes worthless, pre-1965 US coin (AKA: junk silver) may make a comeback as temporary currency in trade.
- Gold may settle out to be very tradeable in the large asset class - at least for a period of time.
- The world financial system will attempt a "reset" in which "All paper will burn" - and gold will play a dominant role.

So its even more important now to keep a close eye on events as the unfold.

 

[SummerLite]

I'm wondering what will happen when things are brought back together, wouldn't it be nice to see the future for optimal planning. The C's say we will be a cashless society with all our "chips" in place. Will we go back to where we where before the crash (ie.now), say be responsible for existing debts we currently have. Being dependent on a system like this, debit/credit means bartering would become more important I'd think. Well, probably shouldn't spend to much time thinking about that but do what can be done now.

The future is fluid, this chipping may not come about at all.

 

[Jeremy F Kreuz]

In 1996 I worked on Unita side of the frontline in Angola - at that time the local currency, the kwanza, was totally worhtless and its only use was as toiler paper. People traded in salt and soap, that was also how we paid the salaries. And again in south sudan in 1998, money was toilet paper, or used for rolling cigarettes - people traded in salt, sugar and soap. So having those items on the side can be usefull. In general, especially in wars; cigarettes are also very usefull - not only to pay, but to bribe soldiers at checkpoints.

 

[Henchman 21]

Thanks for the advice with the secondary forms of currency. Gonna stock up on soap and smokes now. I imagine the bribe factor might come into play in the future here.

 

[Lilou]

Thanks for the advice with the secondary forms of currency. Gonna stock up on soap and smokes now. I imagine the bribe factor might come into play in the future here.

And don't forget some Real Salt! I think it'd be a hot commodity, since it makes everything taste better and is vital to maintain health. I'd add vinegar, baking soda and borax to the list - good multipurpose stuff.

 

[Shinzenbi]

There is something that i do not catch here. If my understanding of this thread is correct, an economic collapse will be brought by the economic/financial system itself. Correct ? I do not believe in it at all. What is very likely to happen is that we are robbed of our savings to “save” the system, like in Greece, Cyprus, Argentina… The financial system is under control of the PTB (especially the “financial PTB”) and perfectly savable by confiscating our savings and with massive debt haircuts negotiated among countries (confiscating our savings is a form of haircut). This would trigger enormous recessions. This cannot be regarded as an economic collapse. Rather as an economic reset. No survivalist behavior would be necessary in such a case because the supply chains would not be disrupted. They would simply shake temporarily. I think that this is likely to happen because the Cyprus events are like a trial run. No revolution there.

To me, an economic collapse will be a consequence of something bigger, that the PTB do not control, ie climate change, WW3, geological events… In this case indeed, survivalism is necessary because the supply chains would just no longer exist. What breaks my heart in advance is no longer having access to … this forum .

We must not forget that for the Oligarchy (top financial groups, politicians, multinational company managers, IT managers…), the current period is a golden age. Unbridled capitalism is sooooo very healthy. There is almost no countervailing force. The Oligarchy has no interest at all in a real economic collapse. It controls most of the world thanks to the economy. Why would it destroy it ?

Finally, the excerpt about cashless society appears to me as irrelevant. Those who have studied criminology cannot seriously consider this possibility. In many countries, the crime makes system. There is a thread about cashless society so I’m going to post it there.

 

[repco]

Re: Question for C's

I have been reading and loving the posts here for many years now and rarely post...

In the last few months I have been following the youtube channel of crrow777 and his video of the lunar 'wave'. It got a great deal more interesting when he started posting research by a Russian scientist who stated the moon is a black cube and what we see is a projected image.

My questions: what is the moon? artificial or natural
How did it get there?
Have humans ever been out of low earth orbit?

That's all, keep up the good work, peace and love

Repco

 

[Neil]

I was curious if the electronic encoding thing is still on the cards too. To me, it seems like it would be better to starve and die than belong to such a complete slave system. However, I think later in that session they said it wouldn't really work out and maybe it wouldn't be so bad if you just hung on and grit your teeth for a little longer.

 

[Ko smo]

Please let me share my experience today at local bank.

I had to change some info and for this you need to go directly to the office. This has been arranged in 1 minute but then lady who did this informed me that she needs to ask me some guestions and that I have to reply correctly as this is done to provide bank info to help the government to fight against terrorism and to detect if some one uses their money to finance different terrorist's groups ?
So there was I sitting looking her and asked her are you serious??? She said YES this is for really important for all of us?

Different guestions like do I have other accounts, hidden money, visa for USA what is my political view, if I was involved in political actions etc ??? I was so confused and then told her that I can barley finance myself and that I only support Putin and his policy :D

SHE WAS LIKE THIS

Then I started to smile and then she was OK like it is just an joke, he is OK , no need to report him ??!

I sad no to all and that all she sees from the bank reports that this is it.

When I was going out I just looked at her and she really believes in this that she is helping to save the world from terror etc? I felt pity for all