Collapse imminent

http://shiftfrequency.com/greg-mannarino-people-are-going-to-suffer-on-a-biblical-scale-video/

Suzi,

• Bank of America has derivative exposure of $53 trillion with customer assets of $1.5 trillion. They are leveraged 35 times.
• Goldman Sachs has derivative exposure of $48 trillion with assets fo $89 billion.They are leveraged 545 times.
• JP Morgan has derivative exposure of $78 trillion with assets of $1.8 trillion.They are leveraged 43 times.
• Citibank has derivative exposure of $56 trillion with customer assets of $1.2 trillion.  They are leveraged 47 times.

The average American bank loans out approx. $10  or $11 for every $1 dollar in customer savings.  When the dominoes start to fall and we have a collapse it won't matter if you have $100 or $500,000 in the bank.  You will lose it all just like my grandparents did during the great depression.

Elver wrote: Suzi,   Read everything you can on the subject of collapse and use your own brain.  The information is out there.  If you buy homeowner's or car insurance, then it would be wise to have "collapse insurance".  It is better to have and not need than to need and not have.    There are two things that put us a great risk.  The vast amount of derivatives & the government debt.   According to data I found on line. Bank of America has derivative exposure of $53 trillion with customer assets of $1.5 trillion. They are leveraged 35 times. Goldman Sachs has derivative exposure of $48 trillion with assets fo $89 billion.They are leveraged 545 times. JP Morgan has derivative exposure of $78 trillion with assets of $1.8 trillion.They are leveraged 43 times. Citibank has derivative exposure of $56 trillion with customer assets of $1.2 trillion.  They are leveraged 47 times. The average American bank loans out approx. $10  or $11 for every $1 dollar in customer savings.  When the dominoes start to fall and we have a collapse it won't matter if you have $100 or $500,000 in the bank.  You will lose it all just like my grandparents did during the great depression. Secondly, our national debt is growing at an exponential level and is unsustainable.  It doesn't matter who is president all they can possibly do is to kick the can down the road a bit further.  Eventually, all of this will come to a head.  John Williams of Shadow Stats predicts that hyperinflation will hit in the next few years.  It is better to have extra food on hand and also buy items that you know you'll need in the future such as clothing.  Sit down and make a list of the items you could use in the coming years and buy them now.  The last great depression lasted about 10 years and that is what I've used for my list.  If you don't have a job and your house is paid for then you'll need cash in order to make the tax payments on it.  If your house isn't paid for, then you better do everything in your power to keep your job.  Otherwise, you're screwed.   No one can predict when the collapse is coming, but only that it is.  Having your insurance should be a way of life for everyone right now.   By the way, there are always people trying to profit from peddling the economic collapse & they truly are snake oil salesmen, but that doesn't mean it isn't going to happen.  There are also lots of people who don't have agendas in ringing the bell about collapse.  Ann Barnhardt is one of those people.  She has an 8 part video here that you might want to listen to. http://www.youtube.com/watch?v=7dFVFJ0iRRA   ___________________________ Mahshadin,   Don't bother trying to argue with me.  I don't care what you have to say on this subject.   You can try to put me down in order to discredit me, but it won't work.  So save your breath on this one and go bother someone else.  I'll not reply to you.

Good post!!!!!!!!!!!!!!

Well the last part was... meh, but your take on the banking situation... you should come out with a newsletter. Symphony I say.

I've said it before and I'll say it again, I'm just not a big fan of owning large quantities of gold other than for investment purposes. (Physical gold only, owning paper gold should be used to invest in Artimage Shanks!)

In the event of collapse or hyperinflation you're not going to be able to find a good place to sell your gold, if it hasn't already been outlawed for us lowly commoners to own gold.

I like usable assets. I.E. Food, tools, etc that will hold value no matter how poorly the economy might be doing.

And the greatest investment you could ever make: In Yourself!!! Are you not in good shape? Get in shape. When the Zombie apocalypse kicked off it was the fatties that were the first to go. (Zombieland, great movie.) It's true that if you're in good shape your chances of surviving go up exponentially.

Secondly invest in a skill. While I was a police officer I got Paramedic certified and haven't let it lapse. It's an important skill that I can use. I'm also good with electronics and can not only fix complex electronic equipment, but can work as an electrician.  (My backup generator is my special baby)

Investing in yourself is great because it is something that can never be taken from you. House burns down? You don't have to abandon your skill like you did your stuff.

nickels

Went to the Tanner Gun Show in Denver Sat. Lots of AR15's going out the door and ammo like crazy being sold. The gun approval people said 4K guns a day were being sold.

LOL, I know a gal that works at LockeedMartin and she was shocked at all the co-workers that were at the gun show. Lock and Load folks we are in for interesting times.

Turboguy wrote: Suzi16 wrote: nickels Why? I don't think they're Nickel anymore.

They are about to change the metal composition of nickels just like they did with silver dimes and quarters. They are currently worth more for their metal than face value. There are some great articles about this issue over at survivalblog. search their site for nickels...Rawles lays it out better than I ever could.

what is it about the nickles? i have had alot of the people that eat at my diner tell me to hang on to the ones i get!!!???

thanks suzi16  but i dont know if that makes them worth saving

A hedge fund billionaire from Texas bought a million dollars worth of nickels in 2009. Unlike silver you can spend them anywhere. You can convert to dollars easily. They are the only real money we use.

Save nickels not quarters. Quarters are only worth a few cents. They could say 4 quarters = 1 new currency dollar. At least you would have the copper and nickel for later when everyone is bartering. They want our guns and control of antibiotics. It can't be good.

you can only prep so much!!!me and my wife have went alittle overboard on stocking up .We even bought  a 5 acre ranch with a well ,pond 50 by 50 polebarn 5 sheds 28 fruit trees i can go on and on .plenty to barter with.But cash flow limted due to lack of sales at our diner. I can see saving silver coins but I do not see how change could be very helpful. I could get alot more for a hand full of bullets than a hand full of coins.Am I wrong for thinking like that!???? 

Suzi16 put any and all extra funds into paying off your debt. Even if it is only 10.00 a week extra to retire the debt off of one credit card which you need to cut up to never use it again.   When you don't go out to eat to save money write it down on a list on your Fridge and when that credit card bill is due add that amount to the payment. In no time you will be out of debt.   Give it a try and see.

I wish we all had a crystal ball then we all would know what to do.

Keep your retirement because the state matches and you never touch your retirement!   Like my Aunt said, "I rather have it hard in my young years and easy in my older years. I can tell you in my 60's my Aunt was correct!    

Back to the nickles,which ones do you save ??what years ?? is it all of them????? 

Thank you Suzi16!!

The government is not only hell bent getting prepared for it. There doing everything they can to make sure it happens. Me i'm not going to be scared any more . Im going to be preparded for it and just walk around humming Happy day's are here again.

http://www.youtube.com/watch?v=qTnmuK_LCHk

Explain