When you look at how much debt and future obligations are clinging to our financial system, it’s difficult to comprehend how it has lasted this long without imploding. Unfortunately, the inevitable collapse can’t be avoided for much longer, and it might be coming sooner than you think.
Greg Hunter of USA Watchdog.com recently interviewed Lynette Zang, who is the Chief Market Strategist at ITM Trading.com. She clearly and concisely lays out why our financial system is crumbling, and why there isn’t much time left before it all comes crashing down. Perhaps the most obvious sign is how underfunded our public and private pensions are:
Zang: Number one regarding the pensions, they’re so severely underfunded that the choice to pass the law in 2014 was that corporations could underfund them even more. So what happens when you know you’re going to declare bankruptcy, if someone gives you a credit card you spend it because you know you’re not going to repay it, so I think really that is a lot of what’s happening in the system. The pensions will go away. The teamsters ran out of money, I believe it was March 1st, and UPS just the other day said that they’re freezing pensions of 70,000 employees. So people may feel safe but frankly, if you don’t hold it you don’t own it, and when the computer says no, what are you going to do?
Greg: Do think anybody with a pension is going to get creamed, even a government pension?
Zang: Absolutely. Anybody with a pension, anybody with a 401k, anybody with an RIA, any wealth that is held inside of system – because it’s not there, it’s air. It’s been leveraged with all the derivatives which are bets against all of that. Plus it’s severely underfunded. They can’t pay the promises. Even social security – people will ask me about social security all the time. Well that’s been underfunded since even before the baby boomers started to take social security. Do I think they’re going to halt it? No. I think they’ll give you dollars. It’s just that the dollars won’t buy anything. So that’s why the system has to reset…
In short, Zang believes that the system is running out of steam. The Fed can’t dump anymore helicopter money into the economy, because that just doesn’t work anymore. Despite those efforts, the amount of spending in the economy (known as the velocity of money) is at a record low. As Zang puts it, “there’s very little left for them to inflate away, yet that is the only tool they really have.”
So there’s only one way this can go. Once it becomes obvious that the government, unions, and major corporations can’t pay what they owe, the only thing the Fed can do is inflate the dollar until those debts can be paid. That’s why Zang is predicting that silver will reach $600 an ounce, and the price of gold will increase to $8,900. Note, that’s not because there will suddenly be more demand for precious metals (though that is very likely). Those number only account for the level of inflation it will take to balance out the system.
And along the way, a lot of damage could be done to our society. That’s why it’s so important to get prepared now. That level of inflation would eviscerate our standard of living, and those who can’t feed themselves or protect themselves will be in serious trouble.
Related:
The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster
Can’t take what they can’t find!
Strangers gambling with other ones money cause they’re ether too lazy, uniformed or too busy doing minimalistic bullshit to control their own finances. Might as well hand a stranger ten bucks to get five dollars worth of lotto tickets and tell the stranger to keep the change.
Work for yourself, Pay yourself and Invest in yourself. Any more questions? I’m buying 2 more properties on the cheap, next to my BOL. And will own 2/3rds of the lake soon. I will own the whole area here. Its gonna be like 1600 Ft of water front property I’ll have. A peninsula with a lake, on an Island and all surrounded by miles of impenetrable swamp and nature preserves.
Pay Attention, The Unprepared people in debt are now desperate to raise money, and selling off some key property to survive. Their lack of prepping is my fortune. I made friends with the neighbors early in the process when I moved here, and told them all to give me first dibs if they ever want to sell. Its paying off now Bigtime. And the phone is ringing. I will be adding more layers of barbed wire from property line to property line. Nobody will be coming back here. I already have 2 locked gates off a private dirt road, and may be adding a Third shortly. Wish I could show you all my set up, it great out here in the boonies.
Building a killer compound and super private and all heavy woods and concealment from above. Got to think OPSEC. You do not want anybody to see your property or buildings from any roads and minimal from above. I am on the dead end road, so Zero traffic, but me. And if I ever want to sell this property as one, I can list it for a Million Dollars all off the grid for some rich ass if he wants to pay it. And I will be onto my next adventure. I built all of this here solo from scratch.
When I was a regular employee I paid 6.5% social security tax. Now I am self employed I have to pay 15% social security tax.
That BLOWS !!!!!
Great job!!!! Congrats!!!!
john, only up to $127k, now we need our elected scum to up that amount to cover 100% of all income. we pay on 100%, just trying to be fair, why should the 2% get that 6% tax break? that would fund ss for us, just limit their withdrawals to $50k a year.
madtxn – you simpleton. When you rob Peter to pay Paul, you will always have the support of Paul…and yourself.
It is not a tax “break” to be allowed to keep more of what you EARN.
Also for those making more than the max withholding (which HAS been going up steadily over the past decade btw), we also receive much LESS of our total income in SS benefits, than YOU do.
That’s because when you’re an employee, the employer pays the other 6.5%. On the up side, being self-employed means you can write off lots of stuff as a business expense.
Where about are you I’m looking to get out of az ASAP!!!
There’s just one little problem, you just announced your (situation). Either you’re telling B.S. or you’re telling it “just like it is”. Either case, you’re f*cked. There are preppers and there are “prepper watchers”. If you even “sometimes” openly prep, and talk about it, like just now, you’re screwed. In my observance, I call B.S. No one, would go through what you just described and “announce it to the world”. How stupid could you be? Apparently… very!
I assure you, like most ” prepper watchers ” do.. open preppers are already “marked”. Once SHTF, watchers will easily take what you have worked so hard for. Unless you have your own little army, which I doubt you do, it’s easy pickins. What was once yours, will be theirs….in no time.
And you have to be rich to do what you are doing. most people do not have the money and benefits to do what you are doing. So you are just bragging. That is selfish.
I have a solution: just change the numbers?
A friend who worked 25 years for a Fortune 500 company was entitled to an old fashioned (well funded) pension. He hit retirement age and applied… Tick-tock nothing happened. Months go by after formal application, no word. Follow up emails get no reply.
A check on line shows pension plans are protected and regulated by the federal government. A call to the right agency, and boom within a month the money was flowing.
It brought up a point though, why were the pension handlers delaying as though days or weeks would actually matter? They are required by law to pay back to the application date. They are also required to respond to applications within 90 days yet this took over 120 days a clear violation of federal law? The implication is there are problems and fixes in the works for pension plans.
One rumor I heard was underfunded state employee plans were trying to arrange raids on well funded private plans. Essentially the government would fix their mismanagement of retirement plans by ripping off the more regulated and better funded private ones.
Point is I think eligible people should sign up and get what they are due now before its shrunk.
I agree that a person, if allowed, take your money NOW and get the hell away from those crooked clowns! My Mother had a pension from the hospital she worked for and when the time came, I got her to x-fer from them and move it elsewhere. Do NOT trust your employer, etc, etc.
It is so wrong and disgusting that these shitty companies and Gov’t agree to provide a pension and then they file bankruptcy, and boom, tweet, tweet – there goes your money and security/safety net for the wonderful golden years haha, what a true joke.
More doom porn and BS!
You think you are going to
get $8900 for an ounce of gold?
Guess what, that $1200 AR15 is
now $8900.
I agree that most pensions are in danger.
I don’t have an answer for that, except
quit voting for Democrats and prepare
to house or move in with your kids.
Extended families are quite common
where I live.
Excluding a “Black Swan” event,
My pensions are secure, I get yearly reports
Social security will be paid.
Now if I can just figure out how to make
a decent loaf of bread. Mine mostly turn out
“heavy”. I mill my own flour, but I don’t
think I’ve got the “proofing” down right.
Try adding Vital Wheat Gluten to the wheat you grind.
We grind our wheat, adding 1 Tbsp of VWG per cup of ground wheat. Loaves are excellent everytime.
Remember, tap water is Chlorinated most places, yeast hates Chlorine. So either don’t use it or use hot or boiled water you have let stand.
Proper yeast makes a huge difference,years ago, we switched to SAF brand yeast, and have been enjoying our own bread ever since.
maybe not enough yeast?…or not warm enough water to start out? do you put bread in oven to rise, where it’s WARM?….maybe try a different recipe. here’s one from a couple years ago
Nailbanger says:
Comment ID: 3680974
March 29, 2017 at 9:51 pm
I put eggs in the dough if i want it fluffy,, made a pizza last night and baked the remainder of dough into a couple baguettes and flat bread,,, made basic recipe
6-7 cups flour
3 cups warm water
2 TBS yeast
1.5 TBS salt
1/2cup olive oil
1/2 cup italian seasoning
Mixed it in my mixer,
Let it set,
30 minutes
Rolled out pizza crust
After dinner just covered it and left it over night
This morning made rest of bread,,
I add eggs and sugar and butter and leave out the seasonings and olive oil and make cinnamon rolls with same dough, or add 1 cup butter and 8 eggs and make a nice brioche
http://www.alexandracooks.com/2012/11/07/my-mothers-peasant-bread-the-best-easiest-bread-you-will-ever-make/
i make a variation of this bread and it’s easy….you can add onion to it or garlic or other variations too. mine is without sugar, but this might be better. i plan on trying it today. randy
remember what mark twain said ” if you don’t read the internet you’re uninformed….if you DO read the internet, you’re MISINFORMED”
Apr 13, 2013 07:01:19 AM, [email protected] wrote:
My Mother’s Peasant Bread: The Best Easiest Bread You Will Ever Make
768 Comments /Baking, Bread, Olallie Cafe recipes /
When I tell you that, if forced, I had to pick one and only one recipe to share with you that this — my mother’s peasant bread — would be it, I am serious. I would almost in fact be OK ending the blog after this very post, retiring altogether from the wonderful world of food blogging, resting assured that you all had this knowledge at hand. This bread might just change your life.
The reason I say this is simple. I whole-heartedly believe that if you know how to make bread you can throw one hell of a dinner party. And the reason for this is because people go insane over homemade bread. Not once have I served this bread to company without being asked, “Did you really make this?” And questioned: “You mean with a bread machine?” But always praised: “Is there anything more special than homemade bread?”
And upon tasting homemade bread, people act as if you’re some sort of culinary magician. I would even go so far as to say that with homemade bread on the table along with a few nice cheeses and a really good salad, the main course almost becomes superfluous. If you nail it, fantastic. If you don’t, you have more than enough treats to keep people happy all night long.
So what, you probably are wondering, makes this bread so special when there are so many wonderful bread recipes out there? Again, the answer is simple. For one, it’s a no-knead bread. I know, I know. There are two wildly popular no-knead bread recipes out there. But this is a no-knead bread that can be started at 4:00pm and turned out onto the dinner table at 7:00pm. It bakes in well-buttered pyrex bowls — there is no pre-heating of the baking vessels in this recipe — and it emerges golden and crisp without any steam pans or water spritzes. It is not artisan bread, and it’s not trying to be. It is peasant bread, spongy and moist with a most-delectable buttery crust.
Genuinely, I would be proud to serve this bread at a dinner party attended by Jim Leahy, Mark Bittman, Peter Reinhart, Chad Robertson, Jeff Hertzberg and Zoe Francois. It is a bread I hope you will all give a go, too, and then proudly serve at your next dinner party to guests who might ask where you’ve stashed away your bread machine. And when this happens, I hope you will all just smile and say, “Don’t be silly. This is just a simple peasant bread. Easy as pie. I’ll show you how to make it some day.”
A foolproof way to make sure your yeast is active is to sprinkle it over lukewarm water in a small bowl with a little sugar (detailed instructions below). After about 10 minutes, the yeast mixture will appear foamy as it does here:
Just-mixed dough, ready to rise:
Dough after first rise:
Dough, punched down:
Dividing the dough in half:
As I noted above, this is a very wet dough and must be baked in an oven-proof bowl. I am partial to the Pyrex 1L 322 size, but any similarly sized oven-proof bowl will work.
Buttering and filling the bowls:
Dough after second rise, ready for the oven:
My Mother’s Peasant Bread
Add this recipe to ZipList!
Original Source: The Palo Alto Junior League Cookbook
Note: This is a very wet, no-knead dough, so, while the original recipe doesn’t call for one, some sort of baking vessel, such as pyrex bowls (about 1-L or 1.5 L or 1-qt or 1.5 qt) or ramekins for mini loaves is required to bake this bread. UPDATE 01/04: Do not use a bowl that is larger than 2 qt or 2 L in size — this size is too big for this type of dough, which is very delicate. Several commenters have had trouble with the second rise, and this seems to be caused by the shape of the bowl they are letting the dough rise in the second time around. Two hours for the second rise is too long. If you don’t have a 1 or 1.5 qt bowl, bake 3/4 of the dough in a loaf pan and bake the rest off in muffin tins or a popover pan — I recently made 6 mini loaves in a popover pan. The second rise should take no more than an hour and more like 30 minutes.
4 cups (1 lb. 2 oz) all-purpose flour* (do not use bleached all-purpose)
2 teaspoons kosher salt
2 cups lukewarm water**
1 tablespoon sugar
2 teaspoons active-dry yeast***
room temperature butter, about 2 tablespoons
* My mother always uses 1 cup graham flour and 3 cups all-purpose or bread flour. Also, you can use as many as 3 cups of whole wheat flour, but the texture changes considerably. I suggest trying with all all-purpose or bread flour to start and once you get the hang of it, start trying various combinations of whole wheat flour and/or other flours. Also, measure scant cups of flour if you are not measuring by weight: scoop flour into the measuring cup using a separate spoon or measuring cup; level off with a knife. The flour should be below the rim of the measuring cup.
** To make fool-proof lukewarm water that will not kill the yeast (water that’s too hot can kill yeast), boil some water — I use my teapot. Then, mix 1 1/2 cups cold water with 1/2 cup boiling water. This ratio of hot to cold water will be the perfect temperature for the yeast.
***I buy Red Star yeast in bulk (2lbs.) from Amazon. I store it in my freezer, and it lasts forever. If you are using the packets of yeast (the kind that come in the 3-fold packets), just go ahead and use a whole packet — I think it’s 2.25 teaspoons. I have made the bread with active dry and rapid rise and instant yeast, and all varieties work. If you are interested in buying yeast in bulk, here you go: Red Star Baking Yeast Also, if you buy instant yeast, there is no need to do the proofing step — you can add the yeast directly to the flour — but the proofing step does just give you the assurance that your yeast is active. King Arthur Flour sells SAF instant yeast.
1. In a large mixing bowl whisk the flour and the salt. Set aside. Grease a separate large bowl with butter or olive oil and set this aside. (This is optional actually — I now just let the bread rise in the same bowl that I mix it in. My mother, however, always transfers the dough to a greased bowl.)
2. In a small mixing bowl, dissolve the sugar into the water. Sprinkle the yeast over top. There is no reason to stir it up. Let it stand for about 10 to 15 minutes or until the mixture is foamy and/or bubbling just a bit — this step is just to ensure that the yeast is active. (See photo above.) Now, gently stir it up, and add to the flour bowl. Stir this mixture up with a spatula or wooden spoon. Mixture will be wet. Scrape this mixture into prepared greased bowl from step 1. (Or, if you’re feeling lazy, just cover this bowl with plastic wrap or a tea towel.)
3. Cover bowl with a tea towel or plastic wrap and set aside in a warm spot to rise for at least an hour. (If you have the time to let it rise for 1.5 to 2 hours, do so — this will help the second rise go more quickly.) This is what my mother always does: Preheats the oven at its highest temperatureits lowest setting for just one minute, then shuts off the oven. UPDATE 01/05: Preheat the oven for a total of one minute — do not allow the oven to get up to 300ºF, for example, and then heat at that setting for 1 minute — this will be too hot. Just let the oven preheat for a total of 1 minute — it likely won’t get above 300ºF. The goal is to just create a slightly warm environment for the bread. Next, she runs a tea towel under hot water and rings it out so it’s just damp. Finally, she covers the bowl containing the bread with the damp tea towel and places it in the warm, turned-off oven to rise. It usually takes about an hour to double in bulk, but letting it rise for an hour and a half or up to two hours is fine.
4. Preheat the oven to 425ºF. Grease two oven-safe bowls (such as the pyrex bowls I mentioned above) with about a tablespoon of butter each. (My mother might use even more — more butter not only adds flavor but also prevents sticking). Using two forks, punch down your dough, scraping it from the sides of the bowl, which it will be clinging to. As you scrape it down try to turn the dough up onto itself if that makes sense. You want to loosen the dough entirely from the sides of the bowl, and you want to make sure you’ve punched it down. Take your two forks and divide the dough into two equal portions — eye the center of the mass of dough, and starting from the center and working out, pull the dough apart with the two forks. Then scoop up each half and place into your prepared bowls. This part can be a little messy — the dough is very wet and will slip all over the place. Using small forks or forks with short tines makes this easier — my small salad forks work best; my dinner forks make it harder. It’s best to scoop it up fast and plop it in the bowl in one fell swoop. Let the dough rise for about 30 minutes or until it has risen to just below or above (depending on what size bowl you are using) the top of the bowls.
5. Bake for 10 minutes. Reduce the heat to 375º and make for 22 to 25 minutes longer. Remove from the oven and turn the loaves onto cooling racks. If you’ve greased the bowls well, the loaves should fall right out onto the cooling racks. If the loaves look a little pale and soft when you’ve turned them out onto your cooling racks, place the loaves into the oven (outside of their bowls) and let them bake for about 5 minutes longer. Remove from oven and let cool for 10 minutes before cutting.
Variations
I will add more variations to this section as they are discovered:
#1. Cornmeal. Substitute 1 cup of the flour with 1 cup of cornmeal. Proceed with the recipe as directed.
#2. Faux focaccia. Instead of spreading butter in two Pyrex bowls in preparation for baking, butter one 9×9-inch glass baking dish and one Pyrex bowl or just butter one large 9×13-inch Pyrex baking dish. If using two vessels, divide the dough in half and place each half in prepared baking pan. If using only one large baking dish, place all of the dough in the dish. Drizzle dough with 1 tablespoon of olive oil (if using the small square pan) and 2 tablespoons of olive oil (if using the large one). Using your fingers, gently spread the dough out so that it fits the shape of the pan. Use your fingers to create dimples in the surface of the dough. Sprinkle surface with chopped rosemary and sea salt. Let rise for 20 to 30 minutes. Bake for 15 minutes at 425ºF and 17 minutes (or longer) at 375ºF. Remove from pan and let cool on cooling rack.
This is the yeast I buy in bulk. I store it in the freezer, and it lasts forever.
This bread is irresistible when it’s freshly baked, but it also makes wonderful toast on subsequent mornings as well as the best grilled cheeses.
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What is this?768 Comments«1…181920
stephanie
Apr 11, 2013 @ 15:24:23
Hi! I can’t wait to make this- but unlike some of the readers I am VERY timid with certain directions…ummm PUNCH with forks? Please help!!!
Thanks!!!
alexandracooks
Apr 11, 2013 @ 17:43:19
Stephanie — No worries! I totally understand. Ok, basically you’re just going to take your two forks and poke the dough on top to deflate it a bit, and then your’re going to use the forks to pull the dough from the sides of the bowl, which it will be clinging to. And then finally, once the dough is deflated, you will use the two forks to split the dough into two equal pieces. Hope that helps. Good luck with it! Let me know if there is anything else.
Kelly
Apr 11, 2013 @ 17:57:50
This is by far the best-tasting, easiest bread I have ever made. Thank you so much for sharing it, and I appreciate all of the detail in the recipe. I have made at least once a week since I found the recipe on Pinterest.
Shannon
Apr 11, 2013 @ 22:30:17
Hey! I just wanted to update you. After my failed attemp after my sucessful attemp, I tried the bread again and it turned out, and the next time it turned out and then again and again! I make probably 6 loaves a week and my entire family ADORES it! I’ve shared your site with my friends and told them where to get the recipie because they loved it just as much as I did! I haven’t bought store bread in over 2 weeks and if we haven’t finished off the bread in a night I put it in a ziplock bag and the next day I just mist a little bit of water on the bread, pop it in the oven for a couple minutes and it comes out just as fresh! I make some cinnamon honey butter to go with it and its awesome. One day my boyfriend and i actually laid in bed all day eating the bread and when we ran out he actually HELPED me make more!! <— that's a big deal becAuse boyfriend hates to cook lol. i LOVE this recipie and if my son and boyfriend love it as well then you must have done well!!! Thank you so much!!!!!!!!!!
MoranSha
Apr 12, 2013 @ 04:09:16
will definitely try this!
i have a tip regarding the 3rd stage – what yeast actually need is a moist and hot environment. so try putting a bowl of boiling water in the oven before putting the dough in it. give it a minute or even put the dough and the water together, doesn’t really matter. your dough will rise like you’ve never seen it, i guarantee. the risk with only heating the oven is too much for me and my yeast to live with
Sue
Apr 12, 2013 @ 06:19:29
I am trying your bread for the first time right now and realized there is no oil or shortening in the mix. Is that right? Am hoping so! Thanks!!
Melanie
Apr 12, 2013 @ 11:01:03
I’ve made this bread 3 times now after seeing it on Pinterest. Step 1: it is wonderful. Step 2: a variation I tried last time was to put some fresh chopped rosemary sprinkled in after the first rise during the punching phase. I also sprinkled some into the bottom of the bowls before plopping the separated dough into them for the second rise. They turned out pretty well and had a bit fancier look/taste to them in the end.
Amanda
Apr 12, 2013 @ 18:25:34
Thank you so much for sharing this recipe! It’s fantastic, I’ve made it a few times itu grat success! I tried a variation on it, and turned it into a cheesy garlic bread. I was thrilled with how it turned out, a little more dense and very flavourful!
Here is what I did:
– substituted garlic salt for the kosher salt
– used 1 cup whole wheat flour and 3 cups white flour
– added 1 cup shredded old cheddar cheese after I mixed in the yeast mixture, before letting the bread rise
– buttered the baking dishes with a garlic butter mixture instead of regular butter
remember what mark twain said " if you don't read the internet you're uninformed….if you DO read the internet, you're MISINFORMED"
bcod,
These recipes look good! Thanks for sharing them!
gold and silver have been crashing lately. Along with gas.
16.03 for silver today.
JS,
Try to get delivery of precious metals at those low prices!
Buying gold or silver you can hold in your hand will reveal the spreads for actual delivery are getting larger.
Personally I’d add some platinum coins if I had gold and silver and the all important extra cash.
If you have problems with delivery, try American Precious Metals Exchange (APMEX.com). Been dealing with them for years and I’ve never had to wait. Cheers.
Gold being at $8,900 per ounce (which I think is FAR too low to get the world back to fiscal sanity since the world is swimming in debt.) isn’t going to affect prices much at all. In fact…it will be all other real assets (food, property, land etc) that will collapse in comparison to that ounce of gold.
I mean……..what in the world do you think is the entire point of buying gold and silver to begin with? So you have WEALTH and MONEY when fiat inflates away into nothing. So when paper collapses you’ll be able to pick up a a home or whatever for pennies on the dollar. You don’t buy gold to get back more worthless fiat. You buy gold so you can buy things when paper fails. That is the ENTIRE POINT.
So super inflated assets collapse by 75%. Gold is revalued at 10k, and now you can pick up a nice home for a few ounces of gold. THAT’S why you buy gold. The price of that AR-15 is going to collapse. People can’t even afford a $8,900 AR-15 in dollar today. And you think the price of that AR-15 is going to go up to $8,900 when the money people have is literally worthless?
The problem with your mindset is you have been brainwashed (like most) to value things in terms of worthless debt paper Federal Reserve Notes.
Bread is easy. No knead. Make sure to use well or bottled spring water. Purified water kills the yeast. Wheat must be milled somewhat fine. 4 cups of flour to 1 1/2 cups of water. Put yeast and 1 Table spoon of sugar into very warm water let yeast multiply until you have a head on it like a beer. Put the rest of flour and a teaspoon of salt and 3 more tablespoons of sugar in a large bowl whisk it so everything gets mixed well. Then add in the water mixture. Mix well with a large spoon be sure to incorporate all of the flour and let proof for two hours. Should easily double in size. You can save some of the proofed dough in a baggy maybe a handful to leaven your next loaf.
I’m not sure if this is a connection but us debt clock dot org shows physical dollars to physical Ag and Au. I think it’s right around what this woman is saying Ag and Au will be “worth”. My only issue is how can Ag and Au be worth any amount in dollars if the dollar collapses? I’m not an economics guy, I’m just a truck driver, so I don’t know what some folks in here know. But, I know how to operate and at 53, I’m in very good health. I do crossfit 3 times a week. So whatever anything is “worth”, being healthy and fit as well as knowing how to handle hard stuff is worth just as much. IMHO
Stay quiet Be smart
PMs should not be compared to the absurd “monetary” system that we have. The “price” in dollars is force of habit, as at one time a dollar was 1/20 ounce of gold. [approx]. Worthless since 1971, although folks don’t see it that way. Yet.
Think in terms of what one ounce of PM can buy. Charts should never be in evil “dollars”- they should be in gold- how many ounces to buy a typical house, and so on.
US Home Prices
This chart shows the Case Schiller home price index in US Dollars and in grams of gold. Both indices use the price of a home in January, 2000 as 100. Prices in gold and dollars tracked pretty well until 2001, when the dollar began to collapse, taking the true value of homes down with it.
http://pricedingold.com/us-home-prices/
Thank you, that site puts this in a good perspective. I have some pm’s but I got them for trade during a crash/ collapse. Like I said though, staying healthy and fit are things I do as well in case I have to go mobile or trek to obtain some food.
Stay quiet Be smart.
Don’t fall for the stupid concept that if there are X Dollars in circulation and Y ounces of silver or gold, or oil barrels, or cucumbers in brine, that silver is worth X/Y Dollars per ounce.
The value of any commodity is what a willing buyer and seller agree it is worth at any given time and place, no more, no less.
If the dollar collapses, good luck getting any value for your silver unless you’re exchanging for other than dollars.
For bread it depends on the temperature around you too if it is about to rain good luck.
Mix 2 1/2T yeast
1/4 cp honey
1/2 cp warm water
let sit 7-10 minutes till frothy
mix in 5-6cp flour
mix till barely tacky feel
put in well buttered bowl cover with tea towel and set on top of a pot with hot water in the bottom,about 4 inches in bottom
leave it for 45min and then check
done proofing when you poke with a finger and the spot bounces back slowly
too fast not ready
doesn’t bounce back but collapses to much proofing
rellik,
Here is an easy to make and delicious bread recipe.
No Knead Bread Recipe
• 3 c. all purpose flour
• 1/4 tsp. yeast
• 1 tsp. salt
• 1 1/2 c. warm water (110 degrees F)
1. Mix all ingredients together until the ingredients have been incorporated (The dough will be very soft and sticky).
2. Cover with plastic or put dough in a covered tupperware container and let sit for 18 hours. My microwave serves as the resting spot for this step.
3. After 18 hours, take dough and set it on a floured surface. Dampen hands with a little water (this keeps the dough from sticking to you), and shape dough.
4. Grease a baking dish (that has a cover) and place dough inside. Put cover on top. Allow dough to sit another 1 1/2 – 2 hours.
5. Bake the bread in your baking dish with cover on in a preheated oven at 500 degrees for 30 minutes. (or in a covered dutch oven)
6. Remove cover; and reduce heat to 450 degrees and bake an additional 15 minutes.
7. Allow to cool completely.
The greatest aspect of this recipe is that it is so user-friendly and versatile.
This basic dough recipe can be shaped to make french bread, fried, grilled or even have additional ingredients such as seeds or berries to be added to the dough for a different variation.
ht tp://readynutrition.com/resources/no-knead-to-worry-bread_24022011/
relik: I, too, mill my own flour from organic wheat kernels. But, you cannot use only wheat flour. Use half white flour. And, make sure your yeast is good. Let it set to dissolve for 5 to 10 minutes with the salt and sugar. Then, add butter, or Crisco.(not lard), and half of the flour. Then, more flour in small amounts. When itś hard to mix with the spoon, turn out and knead enough flour til dough feels soft and piable.
The only currency is food, water, and seeds. Forget the rest, they own and run and manipulate everything on the entire planet. You own gold or silver……. they will manipulate it so its worth nothing. If you are in a position to get some remote land with water on it, get heritage seeds and start growing! The whole system has and always will be a giant hoodwink, the final confiscation of everything is happening. If you are remote enough, you may avoid land confiscation.
If you get something before paying for it, the “spiritual” energy is off right from the beginning. If you never pay that debt, a part of your thought process will be forever stuck there.
Free yourself. Do not use credit cards unless there is no other way. Some car rentals want a credit card in good standing. This might be a time to use a credit card. But shopping for Christmas presents would not constitute a good reason. So, with few exceptions: never borrow.
Love them or hate them, there are two people who need to be driven out of business: the Doctor and the Banker.
Take care of your mind, body, and spirit.
When possible, make it yourself from scratch; and barter.
A woman’s place is where ever she wants to be. The more women who want to be in the home, taking care of their husband and children; the less money will go into the slave system.
Creating a business, even while receiving a paycheck or pension can ease the shock if the rug is suddenly pulled out from under you by the idiot with the whip.
__
Women are where you let them be. Right now the are getting it on with non-whites and each other
You don;t need a credit card now that everybody has a debit mastercard.
Being free from debt is like being freed from slavery.
But, I just received a Amazon gift card using my bonus points.
I don’t pay interest on this CC; I pay the balance every month upon receipt of statement with this CC.
Free money is a plus for me.
I like using the CC, instead of CC using me.
I also think it helps your credit score when you pay the balance each month and yes, I don’t need credit now, but one never knows what the future holds, huh?
Make some itchy and scratchy cartoons from scratch, if you’ve been itchin’ to do so.
She is a Gold (fiction) peddler…
The peak of $1923,70 is there since September 6, 2011, and since then the price of Gold has gone DOWN 40% ….!!!!
Keep on hoping…
maybe so, but not wrong.
anyone under 65 and not retired may see little to none of their pension and if you think the govt wont seize your 401k if they need to; youre wrong.
silver, gold and real estate are what you want to own to make it thru the coming debt crisis.
Real estate and barter goods only. Remember it is location, location, location.
PM’s are for gamblers, knock yourselves out.
Real estate should not be leveraged, and it should be income producing. Depending upon tenants to pay the mortgage on your income property will be a good way to visit BK Court and watch your investment be repossessed by the bank !!!
The number of “Hoovervilles” will increase and the number of Americans living in their car,truck, minivan, or RV in a Wal Mart parking lot will multiply exponentially. 🙁
Yes, when things get shitty. The government will pass a law that allows a 10,15 or 20% tax on 401k or 457.
They will take the money and you won’t ever see it or realize it’s gone.
When it is time to retire you will only get a pittance of what you once had.
And if all of us citizens stand by and do nothing, well, too bad I suppose…I for one, will/would not be too pleased
How will the US government ‘seize’ our 401(k) plans?
An employee deposits funds that grow tax-deferred a 401(k) plan. The IRS taxes withdrawals from the 401(k) at the ordinary income tax rate, and there are no other penalties as long the person withdrawing the funds is over age 59 1/2.
What possible rationale could the US government use for taking the funds an employee has contributed (and possibly their employer has contributed) to a 401(k)? I think you would see mass riots if the government tried outright theft.
By seizing private retirement accounts, the government would become the largest player in the stock market, owning most of the means of production. Of course, they’ll only seize these accounts to “save you”, and then throw you a MYRA.
Agreed. Fear porn. I believe gold will go to $3500 oz eventually, but that’s top: about triple where it is at now.
When the economy CRASHES it will be a DEFLATIONARY EVENT of epic proportions. TRILLIONS of dollars will disappear from the system overnight: DESTROYED !!! Value is a function of supply and demand. With fewer dollars available in the system, those dollars that exist will hold their purchasing power.
The dollars you hold outside of the banking system in number ten cans will still have value.
The government does not have to “inflate the debt away” as claimed. FALSE !!! They only need to pay the interest on the debt as they have shown with their refinancing of government debt.
GINORMOUS sums of private debt will disappear overnight when it is defaulted upon; and multinational corporations will write down this debt against other income. The BIG GUYS will survive. There is a reason that Buffett is holding tonnes of cash (dollars).
Basic accounting.
Major pension plans are about 50% underfunded, meaning that the CRASH will liquidate virtually ALL pensions, reducing the particular fund value to zero. Cash your IRA’s, 401k’s, and other pensions out now. 🙂
It was overbought at the time- the price had more than adjusted for inflation over the last 100 years.
A straight up market means weak hands- these weak hands bought from strong hands. Straight up markets are for selling- I would not sell all, however. [Referring to PMs here].
Buy low- when markets are quiet. SELL WHEN EVERYONE ELSE IS BUYING. Sell high.
HOLDING in a straight up market is the same as buying. I admit I held- did not want to exchange real PMs for (((paper))). That is still hindsight.
I’m fine with that……but I’m keeping the house, the land anything else I owe on……call it an even swap.
Well,when States, Pension Funds on all levels,Municipal, Private etc have a formula expecting 7.5% and are getting returns less than 1%,what is so complicated to realize. Self imploding,period.
Funny, Bobane. I bought my AU at $290 and am doing quite well. Why do you cherry pick the very top? How much do you think a dollar at the time of the Fed creation would buy today? J
Here is a 100 year chart of AU in USD, for those of you who wish to just look at the facts: http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart Of course, if you look in drachmas, yen, etc. its quite a different story.
Doomer porn? You will be right… until you aren’t. And then you will be very, VERY wrong, with no hope of recovery. A lot of advisors suggest putting 10% into PMs as insurance, not 100% anyway, so your contention is doubly wrong.
Truth is, according to Dr. Lawrence Kotlikoff, who served in the Treasury under Reagan, and is not at Boston Univ. if you count EVERY single unfunded promise in the US, there was $222 freaking TRILLION in unfunded promises last I looked (USA Today the same time said 73 trillion… whatever!). HOW do you think those promises will be honoured? For the rest of you, google Kotlikoff and due your own research.
Hey Test,
Ditto you comments.
I started buying silver at $4.00 an oz not too long ago. I haven’t regretted it. I have bought all the way up and down. Still on the + side.
Everything in moderation. That goes for finances, too. Diversify and stay out of debt as much as you can. You can try, but it is impossible to plan for every conceivable scenario. Would you trade a gold coin for a parka if you were freezing? Yup. Would you trade YOUR parka for a gold coin if you were freezing. Nope.
So, which one has the wealth?
Have some cash, have some silver/gold, have some IRA, have some rental property, have some chickens, have some firearms/ammo.
You get the picture.
Everything in moderation.
Okey Dokey-
A moderate amount of integrity. . .
A moderate amount of honesty. . .
Senator Goldwater on moderation:
https://www.youtube.com/watch?v=RFSiyueal7Q
No one is going to deny we are on an economic bobsled heading down a steep hill. The result, in my opinion, will be something akin to the Weimar Republic in post-WWI Germany. Keep in mind, however, that Germany was a homogeneous society. And there was still a lot of turmoil. Where you have a society and culture like 2017 America, which is loaded with third-worlders and a huge Free S**t Army composed mainly of Blacks and Latinos, You are asking for trouble.
The “Blue Hives” as they are often referred to(New York, Atlanta, Chicongo, LA, SF, Portlandia, etc.) will erupt once the SNAP and EBT cards stop working. There is a very good You Tube video titled 5 REASONS WHY AMERICAN RIOTS WILL BE THE WORST IN THE WORLD. Watch it. It is not when or if it will happen, but rather how government at all levels will react to it.
As one example, check out GE’s pension which is the worst in the nation:
http://www.zerohedge.com/news/2017-06-20/ges-pension-time-bomb-31-billion-shortfall-and-rising
https://www.bloomberg.com/news/articles/2017-06-16/ge-s-31-billion-hangover-immelt-leaves-behind-big-unfunded-tab
Thankfully, I live in the People’s Socialist Thugocracy of Illinois, so I’m safe… or not…
Lena
The entire recent Gold bull and SP500 rally was a sucker rally “DESIGNED” to fleece the public.
I am trapped as well despite the fact that I’ve been trading for 35 years. I saw it only in late 2009.
However, I don’t worry too much because I know that the NWO people have the brightest minds working for them.
The trick is to physically survive the coming calamities.
Most of preppers are not gonna make it because they have no clue what’s coming our way.
You think it’s financial?
Then you have no clue.
The preservation of wealth will be nearly impossible… even for the rich.
i disagree.
Venezuela is going through what I would expect the USA to go through.
They are surviving just fine, hungry, but surviving.
We will all survive, but we prep to thrive and maintain our standard of living.
Gold, silver, and real estate would preserve wealth through the crisis. When a new currency is issued the gold and silver could be cashed in for the new currency and your wealth restored.
I beg to differ. I have a dear friend in Venezuela; he is desperate to escape. People are NOT “just fine”. Families are torn forever because parents are literally handing their children over to strangers in the hope that the strangers will take the kids to some place with food. Babies & toddlers are being brain-damaged for life because their developing brains are starved for nutrition at crucial times in development. Doctors & other professionals are escaping the nation as fast as they can, even if it means selling food as a street vendor somewhere else. Children beg for food in the streets, and passersby curse at them. Women are resorting to prostitution, locally or in neighboring countries. Men have no such option…People are stealing the copper off buildings…It’s common knowledge that govt buildings are the best places to dig in the garbage for food. Embassies, especially. the police make arrests but do not keep criminals behind bars because that would mean feeding them. However they do arrest foreigners (for anything and for nothing) in hopes of a ransom. That is basically the situation my friend is in: he was very sick, really needed medical care — got care — has a hospital bill to pay – they demanded his passport as collateral. In Venezuela you don’t dare leave your local neighborhood without documents. Now he is afraid to go anywhere — even to meet with a diplomat from his own nation and finalize plans for an emergency evacuation. He needs a couple hundred more dollars….NO, people are NOT “just fine”.
Median Intelligence Quotient of Venezuela 84- same as our mulattoes.
The only way to achieve survival is to kill off all the parasites.
“Just fine”? Are you nuts?? Nothing is fine in Venezuela !!!!
One needs to learn the ways of the pass, to get by now, you will need to grow your own, move away from large city’s band with others who share the same goal’s to live.
What’s a coming around the corner will certainly be much more than just financial , that is for sure folks. God doesn’t even know what the good ole’ US of A has in store for us serfs.
I don’t think folks in Venezuela are trading PMs. In fact, I seem to remember that places like Bosnia, those whom survived had canned tuna, bic lighters and ammo. The one guy whom never went hungry learned how to make kerosene.
PM’s are not for survival trade. They are wealth preservation. You bury them until after a peaceful accord is drawn, and/or a new public trading system is established. Then hopefully you can resume some sense of status. The point is, you will need the basics and basic skills to get through it. PMs take a back seat.
Those of you with calloused hands and not afraid to get dirty and lower your standards will fair better than an IT guy whom can’t even fix his own lawn mower, (much less build a fire to boil water). Of course, these folks will have all the nicer stuff to trade if you fix it for them, etc.
Outside of a natural disaster, there is a good chance that a forced reset, as the VZs are experiencing, will be implemented to force compliance. Folks will gladly accept anything so long as it means returning to some kind of normalcy.
It took years for the VZs to get the “road warrior” stages we are witnessing. I’m not sure if the tolerance level of the typical American would go that far, anyway.
Even the depression was a decades long event, and not everyone suffered or experienced the same issues.
Right now we can label these times as the Age of the great divide, or the Age of Bullshit. I’ve never seen so much Peddling of “truth” by so many “dealers” to their “awakened” masses via the InterBET.
It’s either Jesus saves, or someone needs to save Jesus.
I’ve read extensively on what happens after state or federal government programs are privatized and know that I don’t want social security and medicare privatized. It may work well initially but that will be about it. That really has me worried. My wife and I paid into the system for over 30 years and we expect our monthly social security checks to continue along with our medicare coverage. But we don’t see that happening and see it being destroyed within a few years of being privatized. Don’t believe TPTB that privatization of these government programs is a good thing. It’s not.
RELIK – Gold being at $8,900 per ounce (which I think is FAR too low to get the world back to fiscal sanity since the world is swimming in debt.) isn’t going to affect prices much at all. In fact…it will be all other real assets (food, property, land etc) that will collapse in comparison to that ounce of gold.
I mean……..what in the world do you think is the entire point of buying gold and silver to begin with? So you have WEALTH and MONEY when fiat inflates away into nothing. So when paper collapses you’ll be able to pick up a a home or whatever for pennies on the dollar. You don’t buy gold to get back more worthless fiat. You buy gold so you can buy things when paper fails. That is the ENTIRE POINT.
So super inflated assets collapse by 75%. Gold is revalued at 10k, and now you can pick up a nice home for a few ounces of gold. THAT’S why you buy gold. The price of that AR-15 is going to collapse. People can’t even afford a $8,900 AR-15 in dollar today. And you think the price of that AR-15 is going to go up to $8,900 when the money people have is literally worthless?
The problem with your mindset is you have been brainwashed (like most) to value things in terms of worthless debt paper Federal Reserve Notes.
So ready for this inevitable collapse. Bring on already
Leave the country. You are a lost given-up traitor. People like you are just unhappy, negative, and narcissistic, and want things to get worse or bad because you want everyone to feel as down and depressed as you! I meet people like you every day and it is disgusting! This is part of the evil and issues in the world. Stop it!!! Get help!
America is in deep financial debt to China, Japan, and Great Britain. It also owes a great deal of money to Russia. The possibility that the Federal Government will have to one day pony up a great deal of money in a very short time period is pretty good. When Cyprus found themselves in this situation they went into people’s bank accounts and took what they needed. The greatest and most convenient fund of cash are people’s retirement accounts. One night you go to bed with your retirement account invested in stocks and when you awaken the next morning they have been replaced with Government securities.
Jon
I said surviving the ‘coming calamities’.
And I will add.. APOCALIPTIC CALAMITIES…!!!!!!!!!
We are having our brain storming recap every few months of the enivitable and rising numbers.
Derivative debt from top global banks, that leave us as a scapegoat for any losses. Citibank omnibus is a good example, when they don’t funnel serious drug profits, or getting a suicide show with 4 self inflicted nails in your head through an industrial nail gun, but ..wait there’s more!!
Pushing a quadrillion, if not already. No one even knows.
Unfunded liabilities, our debt isn’t 20 trillion, it’s probably 200 trillion. Again, no one knows.
May 6th, 2010, the Dow dropped 1000 points in 6 minutes.
If that doesn’t force you to learn fast, I just don’t know what does.
Silver and gold will never, never, never be valued at $600/$8000. Don’t buy the fear porn. Silver maybe $30, Gold $2000. That’s it.
Remove as much debt as possible. If you need to use credit cards pay them off at the end of the month. that is where most people get stuck.
Anyone else getting disgusted with Trump? As of lately here’s the way I see it.
1. Drain the Swamp.
So far Trump hasn’t drained the swamp at all; he has flooded it with Goldman Sachs alumni and Bush-era officials, making his cabinet the richest cabinet in U.S. history. For one, Steve Mnuchin hates seniors who aren’t wealthy enough to survive off of their wealth and have to rely on their social security monthly check. Some of his other cabinet picks are also bat-shit crazy self-servers.
2. Get Mexico to pay for a border wall.
“Nobody builds walls better than me, believe me, and I’ll build them very inexpensively,” his exact words.
Donald Trump said this in his presidential campaign announcement. “I will build a great, great wall on our southern border. And I will have Mexico pay for that wall.” $15 Billion is inexpensive?
During Trump’s first week in office, Mexican President Enrique Pena Nieto reiterated that Mexico would not be paying for a wall. As for it being “inexpensive,” the cost is now projected at $15 billion, approximately $130 per household. If it ever really does get completed it WILL eventually come out of our pockets big time. Inexpensive my ass. And if it doesn’t get completed what was the point?
3. Repeal and replace Obamacare with “insurance for everybody.“
As of currently looks like he has failed to deliver a passable health care bill. I’ve begun to notice that he doesn’t seem to understand the details of the one that is already in place in order to be able to make effective changes to it. Millions are losing their health care. So much for his reputation as a deal maker. Yeah, some deal maker. I’m not buying that deal maker shit anymore.
4. Label China a currency manipulator.
I took note that after meeting with Chinese President Xi at his Palm beach resort Mar-a-Lago, the president completely reversed his “tough on China” position. In addition, so much for “Made in America.” His Millennial daughter (who has no business being in the White House) runs sweat shops there in China to make clothing and shoes that will make her richer. She is currently being sued in a trademark infringement lawsuit filed against her. I recently saw the comparison photos and she did copy this shoemakers high-end line of shoes, using cheaper materials and Chinese child labor, and is selling her knockoffs at a discount, which is cutting into the original designers profits. WTF?
I know how bad it feels to have something you worked hard on stolen from you. Trump stands behind this, all the way, instead of keeping quiet about it and staying out of it. Big red flag right there. Not my idea of good business practice. Where I come from that is highly unethical.
5. Eradicate crime in Chicago.
Chicago’s murder rate remains high despite Trump’s boasts last August that he could fix the problem “in a week,” his words. It’s actually gotten worse. He hasn’t fixed anything there. I get that the pavement apes are uncivilized and can’t live like normal people, but the point is his bragging, leading us on and yet another broken promise. I feel like he just said what he knew we wanted to hear.
6. Save the coal industry.
Despite a policy and production shift, one of Trump’s most audacious claims to date has been dismissed by top industry executives and some of his biggest supporters. I’m not happy about that.
7. Stay out of the Middle East.
Again, his words. Trump’s military strike on a Syrian airbase was a complete 180 from the isolationist rhetoric he campaigned on, a move that both disappointed and has angered me. The policy reversal is contradictory and hypocritical.
8. Not take vacations.
“I would not be a president who took vacations. I would not be a president that takes time off.” His exact words.
So far it just doesn’t look that way to me. Trump promised this twice during his campaigning the summer of 2015. As of mid-April, Trump has spent over 30 percent of his term staying at, or traveling to Mar-a-Lago. He also spends almost half his time golfing after claiming and promising the exact opposite. I just can’t trust someone who repeatedly goes back on their words.
9. Sue his accusers.
During the fallout from his 2005 Hollywood Access tape, Trump promised at a campaign rally in Gettysburg, PA: “All of these liars will be sued after the election is over.” Five months later, he is yet to take any legal action. Again, went back on his words. I think he said what we wanted to hear, not what he was going to actually do.
10. Jail Hillary Clinton!!!
Yeah right, the notorious rallying cry to “Lock Her Up” , to “lock up” his criminal opponent quickly softened post-election; the Hildabeast even attended Trump’s inauguration in January at his insistence. I was looking forward to her getting what she deserved. Now I feel duped.
It’s not just that, it’s the combination of everything. There’s a pattern. A clear pattern has now emerged.
Two months before his historic upset, Trump promised voters “Every dream you ever dreamed for your country” would be fulfilled should he be elected.
No, this so-called dream is slowly turning into a nightmare.
Sorry, I just had to vent my frustration with him. I don’t know how the rest of you feel, but I trusted Trump and now I feel duped and used, as he has slowly let us down, just like all the rest of the Washington, DC dirt bags.