This economic meltdown is no accident folks

[Yucca]

Yucca, your advice is sound. Gold and silver are "real" money, but the United States government confiscated gold once already during the depression. They can easily do it again. They probably won't bother with silver, it's not as valuable; but I believe gold will be confiscated again.

Just my personal opinion, don't put too much value in what I write.

You're right ResinRat2, prohibition will probably be implemented on gold and maybe even silver because what's unravelling will make the old depression look like a walk in the park. I think/hope we'll be safer in Europe with regard to prohibition but if you want to keep gold safe in USA then it may be wise to stash it by burying seperate coins in seperate locations. I can't think of any better way to safeguard wealth during the times that may lie ahead, land and property is easily snatched as are bulky assets.

[Yucca]

It's bizarre that America, even now promoted as an example of 'freedom' would have resorted to outlawing the ownership of gold in the past - anyone know when this law was recended?  How did they enforce this confiscation then - forced entry and searching of peoples homes?

Hi Sprocket,

It's a long read but this is an exhaustive account of what happend:
http://users.rcn.com/mgfree/Economics/goldHistory.html

In short, on or before May 1, 1933, all privately owned gold in the United States (subject to a few minor exceptions) was to be confiscated by the Government. As compensation, the owners were to receive paper money, whether they liked it or not. Willful failure to submit to the confiscation was punishable by up to ten years in jail and/or up to a $10,000 fine

WOW! They don't even need to change any laws, I didn't know this:

The Law Today
The precedent established in Pike and Brouwer remains the law of the land-at least in the Ninth Circuit-at the present time No other court of comparable jurisdiction has ruled otherwise on the validity of the criminal sanctions against Americans who own gold. As things stand now, an American who owns gold is courting a felony conviction. Moreover, under the Gold Reserve Act, all the gold he owns is subject to forfeit while he, himself, is subject to a penalty double in amount to the value of the gold.

[PYRODIN123321]

didn't know that...
crazy....
My dad is a big survival nut i grew up listing to how the gov can collapse and what i should do an all that
but i thought it would never happen or a least not in my life time.
Now I'm a little nervous the economy is really in trouble. people should be able to be self sufficient cause when the water goes off and the trucks stop running.....
Anybody read "TEOTWAWKI"
or "LIGHTS OUT" good books, scary

[Cap-Z-ro]

Don't panic!  This is not the end!


...but you can see it from here.

In case it hasn't occurred to anyone...they are already talking martial law when the crash hits...and if it happens soon, that means its open dictatorship with Bush at the wheel.

And we all know how many dictators leave voluntarily.

Its gonna be a long cold war-I mean winter.

Regards...

[lancaIV]

Habsburger:
Karl V,CarlosV
Joachimsthal
Silber

The silver-coin, called "Silber-Thaler", had been the standart value for our ancients in Europe and
with the colonization also for the "NEW World" !
The possession of gold was only allowed to the "nobilitas"-members !
The expression "Thaler" is now the New-English "Dollar", Pidgin/Kreole-German !

The "Wall-Street"-Sector is , in reality, also not more important:
the financial system is today 100% virtual, the headquarter could be a yacht in the caribic sea !
The problem:
They are giving credits to creditated "papers" about credits ,triple-leverage.

Do not take this men for serious !
1933: people like this Wall-Street"brokers" received tickets for "final holiday"-camps,
with mind and body concentration !
75 years later : which decisions ?

CdL