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Something is up!!! Repudiation of the dollar!!! Its started!!

 
Anonymous Coward
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02/16/2013 10:32 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
...


The fact that nobody is even talking about how much gas has gone up, is a clear indicator that nobody knows really why... And that is scary cause that means its the dollar thats being repudiated!
 Quoting: MaxMad


Gas has gone up because Oil has been at $95.00 per barrel since the first part of January...

Oil is up $10 in the last two months...
 Quoting: Saddletramp


Last time we paid these prices at the pump, the price of oil was pushing $150 a bbl. That's a lot of loss in buying power in just 4 years.
 Quoting: Anonymous Coward 1482838


Great point... Now a barrel is 95 and we are at $4/gallon... What will we be paying if it gets back to $148/barrell- $9/gallon?
 Quoting: MaxMad


Yep. There is a good chance as money floods into purchasing of commodities as a hedge, that it could
go back to $150 bbl. And we will probably pay about
$7.50 to $8.50 a gal.
But, a lot of this discrepancy is due to state taxes
starting to skyrocket.
I don't know about you, but for me it's a one way street.
I don't get anything for my tax money.

They don't even have huge defense budgets so, they must be rolling in the dough, with higher state sales taxes,
with this inflation, gas taxes raised a lot also.
Income taxes to them, they get lottery more and more.
There used to be about 5 scratch offs. Now there are 50!
Then 6 drawings a week probably.

They aren't shoulding the unemployment and food stamps all by theirself and my county taxes pay for schools so,
these are the buzzards circling that get on my nerves
trying to pick our bones.
Anonymous Coward
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02/16/2013 10:35 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Cushing oil storage is FULL and has been for years, no shortage.
Your getting screwed is all,read up. [link to www.businessweek.com]
TheAmericanCancerSoci​etySucks

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02/16/2013 10:36 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


Short answer: The precious metal markets are rigged.

Longer answer from what I've read:

The Fed provides JP Morgan with all the credit they need to force the price of precious metals down.

This is a win-win for the Fed (it's privately owned) and JP.

The Fed wants to keep the dollar strong despite printing dollars like there is no tomorrow. Pushing gold and silver down helps them to maintain the appearance of a stronger dollar.

JP benefits because they rake in millions each time they pull the price down. JP pays back the Fed with a small amount of interest paid.

The Fed can get away with this because the Fed is not audited. The monitoring agency (CTFC?) is in on the scheme, so the Fed and JP have no worries.

Last Edited by TheAmericanCancerSocietySucks on 02/16/2013 10:37 PM
Author, inventor, disorganizer. Let's disorganize the American Cancer Society.
Anonymous Coward
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02/16/2013 10:37 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Cushing oil storage is FULL and has been for years, no shortage.
Your getting screwed is all,read up. [link to www.businessweek.com]
 Quoting: Anonymous Coward 34574846


bump
Anonymous Coward
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02/16/2013 10:39 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
For those who have been paying attention to what is going on-this will come as no shock! Repudiation of the dollar has begun and is taking off! The way I know is that the price of gas is always the first indicator!! Gas has risen more than 60 cents in just the last 2 weeks! Here's the shock it has risen 14 cents in just the last couple of hours.... The looks like the dollar death is happening rapidly... I suspect it started in earnest when the Chinese announced OIl for Yuan!!! This may be it for the dollar!!
 Quoting: MaxMad


Many on here wont know how or why the repudiation of the dollar (thus hyperinflation) will begin. But I have always stated "when the price of gas goes up, on no news, you will know it has begun!" IT HAS BEGUN!
 Quoting: MaxMad


[link to www.dtic.mil]
look at this

this is why they are chemtrailing the skies. Project blue beam is coming maybe sooner then later march 13-22
GFX guy

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02/16/2013 10:39 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
All the guru,s say when medals crash look out? Uh? That happened yesterday!bump
 Quoting: GT500


you would think when dollar crash the medals will go up? gasp
 Quoting: Anonymous Coward 14443159



Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


Short answer: The precious metal markets are rigged.

Longer answer from what I've read:

The Fed provides JP Morgan with all the credit they need to force the price of precious metals down.

This is a win-win for the Fed (it's privately owned) and JP.

The Fed wants to keep the dollar strong despite printing dollars like there is no tomorrow. Pushing gold and silver down helps them to maintain the appearance of a stronger dollar.

JP benefits because they rake in millions each time they pull the price down. JP pays back the Fed with a small amount of interest paid.

The Fed can get away with this because the Fed is not audited. The monitoring agency (CTFC?) is in on the scheme, so the Fed and JP have no worries.
 Quoting: TheAmericanCancerSocietySucks


Plus JP gets the monopoly on the EBT card system for "playing ball".
TheAmericanCancerSoci​etySucks

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02/16/2013 10:40 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Time to fill up my car and put more in my cupboards?
 Quoting: Skepticnumberone


Tell us what the price is in your area. Everyone should let us know what they are seeing...
 Quoting: MaxMad


In Panama City, FL, the price is about $3.69, which is an increase of about 15 cents in the last week.
Author, inventor, disorganizer. Let's disorganize the American Cancer Society.
Anonymous Coward
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02/16/2013 10:50 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Economic, my favorite type of doom! But everytime the price of gas starts to get exciting, it falls back down....like 2008 and 2012. I'm afraid to get my heart broke again.
my 2 cents

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02/16/2013 10:51 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Me too! That confuses me to! Gold should keep rising as the dollor drops? Anyone care to explain in redneck terms?
 Quoting: GT500


If it were real gold being traded, then yes, the price would be through the roof by now. Unfortunately, most of the gold being traded is made of paper. When TPTB want to hammer the price of real gold they simply introduce and sell a bunch of the paper type.
When everyone finally wises up to this scam, real gold will do a moon shot.
Patriotism is supporting your country always -- and your government when they deserve it. Mark Twain


Those who beat their swords into plowshares usually end up plowing for those who kept their swords. -Benjamin Franklin
PIR

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02/16/2013 10:53 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The beginning of a U.S. currency crisis and hyperinflation

[link to goingglobaleastmeetswest.blogspot.com]
PIR
Anonymous Coward
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02/16/2013 10:54 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Cushing oil storage is FULL and has been for years, no shortage.
Your getting screwed is all,read up. [link to www.businessweek.com]
 Quoting: Anonymous Coward 34574846


[link to www.businessweek.com]
No shortage,a glut,they want you broke and hungry,slave.
Anonymous Coward
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02/16/2013 10:55 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The beginning of a U.S. currency crisis and hyperinflation

[link to goingglobaleastmeetswest.blogspot.com]
 Quoting: PIR


[link to www.businessweek.com]
Anonymous Coward
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02/16/2013 10:56 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
For those who have been paying attention to what is going on-this will come as no shock! Repudiation of the dollar has begun and is taking off! The way I know is that the price of gas is always the first indicator!! Gas has risen more than 60 cents in just the last 2 weeks! Here's the shock it has risen 14 cents in just the last couple of hours.... The looks like the dollar death is happening rapidly... I suspect it started in earnest when the Chinese announced OIl for Yuan!!! This may be it for the dollar!!
 Quoting: MaxMad


In September 2012 the Chinese cut a deal with Russia to trade Oil for yuan... Many other Asian countries jumped on board... This meant unwanted, unused dollars would start coming back to the US in 6-8 months- WHich means right about NOW!!!!
 Quoting: MaxMad



I don't know where they're going, but I seriously doubt that any of them wind up in my pocket.
Anonymous Coward
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02/16/2013 10:58 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Mind blown by this thread. This is what I come here for.
Anonymous Coward
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02/16/2013 11:02 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The Arabs at OPEC know how to play us perfectly. Raise gas prices till we complain so much we threaten with the use of alternative fuels. Hell they wait till we introduce legislation and drop it back down to the point of little complaint which was higher then the last point of no complaint but everyone is thankful it's not 4.65 again and we settle down, forget all about alternative fuels and national security and go back to sheeping like good sheep do.
That's the trick, take us to the brink of pissed, leave it there, drop it back but not all the way repeat process
 Quoting: Anonymous Coward 34398220


Dude you have it all wrong. It's not the greeday Arabs, although they are greedy LOL! Its the loss of purchasing power of the dollar. When OPEC has an agreement with say the US they (the market manipulators) agree to keep it above a certain price and the OPEC'ers 1rof1 agree to only sell oil in dollars. Alot of these Arab countries have predicated their national budgets on $90.00 oil. If they keep printing dollars like toilet paper the Arabs want more dollars for their oil. You think the top Arabs want the masses mad at them for not proving public services ?

This saying may put it into perspective: created by me !

"They are printing more dollars today, and they will need more of them to buy that same barrel of oil as it was yesterday, tomorrow"
 Quoting: Anonymous Coward 33034699


Yep... So OPEC has been at the mercy of the US Dollar (petrodollar). They have bought alot of TBills as well... They would destroy their economies overnight if they officially repudiated the dollar (in addition to potential military action). So they are between a rock and a hard place... they probably know the dollar is done and they need to team up with China, but they will hurt their economy switching over...
 Quoting: MaxMad


sorry i'm not wrong i've been watching this price flux equation for years. its what they do, i'm not saying you are wrong though i hear ya, see your point, but my point was that this is just one of their many ways to mess with the price, just a small piece of the puzzle. they aren't greedy? LOL
Anonymous Coward
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02/16/2013 11:20 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Great Thread !
AC 5341

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02/16/2013 11:29 PM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
North Alabama here... Weds. gas at 2.24, Fri. gas at 2.49, tonite it was up to 2.60. Jumpin quick.

don't leave out food. average package size decreased 22% over the last 8 years while average prices have increased 26%. Net increase of around 40% on food prices over the last 8 years.
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Anonymous Coward
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02/16/2013 11:49 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
The upside of this is I will have to walk more and be forced to eat less. FINALLY I will get that hardbody I've wanted for years.
Meow...
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02/16/2013 11:52 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
I have to go 'yawn' simply because we've been telling you for a long time. No surprise here. The real surprise would be if you had listened and stocked up for what is right at your fucking door.
Anonymous Coward
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02/16/2013 11:54 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
I'm thinking about the parable of the Girl Scout cookies story I saw the headlines for here today.
Thousands upon thousands of boxes of cookies destroyed.

They didn't sell

Because people don't like them. No, people can't afford
them. They have priced themselves out of the market.
This is what will happen to food in general.
Even if there is plenty of food on the shelves, people
will not be able to afford to buy it once inflation/stagflation gets
underway in earnest.
Anonymous Coward
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02/16/2013 11:55 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Time to fill up my car and put more in my cupboards?
 Quoting: Skepticnumberone


Tell us what the price is in your area. Everyone should let us know what they are seeing...
 Quoting: MaxMad


In Panama City, FL, the price is about $3.69, which is an increase of about 15 cents in the last week.
 Quoting: TheAmericanCancerSocietySucks


3.89 in cincinnati
Anonymous Coward
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02/16/2013 11:56 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Believe me, people eat way too freaking much around here anyway. Most can do with a handful of peanuts and some raisins plus water for months and months before you can actually see a normal human shape.
Anonymous Coward
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02/16/2013 11:58 PM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
While I admire your ability to carry on a conversation with yourself (schizophrenic much?), this is the third time gas has climbed to such prices; first seen in the summer of 2008 and also last summer.

While I have no doubts the dollar will eventually fail, we should be fine for a little bit while, methinks.
 Quoting: Anonymous Coward 1361887






Here's the thing, people have been talking about the dollar crashing for YEARS. At LEAST 15 years now, there has been serious discussion about it, and I'm sure it was talked about much longer before that.

Starting in the 2000s, it was becoming more and more of a mainstream thought. By the economic meltdown in 2007, I'm sure most households had at least HEARD of the possibility of it.

By now, most of are at least aware of the possibility of it happening. Many of us think it is destined to happen.

As for WHEN though, THAT is the issue. I don't think anyone can predict it, and personally, I think it will happen on a regular day, just like every other day.

The economy should have already collapsed. It didn't because our government artifically bailed it out. So there is really no telling WHEN it will happen, because of the manipulation and bail outs and whatnot.


Things are going to hell in a hand basket though.
Anonymous Coward
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02/17/2013 12:00 AM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Dolla store prices in my area are up to 3.99$. It is on...
Josef_Mengele

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02/17/2013 12:02 AM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
4, maybe 5 weeks - then it will become obvious
 Quoting: Anonymous Coward 34272337


When those unused dollars start flooding back it is going to be horrible... I fiqured this would how it started... Nothing on the news to create panic-just a steady climb for no reason in the price of oil! Followed by Massive price increases in everything... Meanwhile, the sheeple are drunk...
 Quoting: MaxMad


Excellently put. However, my thinking is that is perhaps why Obama raised the minimum, so as to mask the fact that prices are going to rise due to the dollar losing its value. Not to mention how if gasoline prices raise, then so too does everything else from a bag of chips to milk at the store.
Desire is irrelevant. I am a Machine.
MarkinAZ

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02/17/2013 12:05 AM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Looks like a great time to buy a Tesla! The 80k price tag isn't half bad when you figure it will save me about 800 dollars per month in gas costs and still is a very nice luxurious automobile. Also, the maintenance costs are NIL compared to a Benz or BMW.
telling it straight

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02/17/2013 12:08 AM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Sorry, OP--not agreeing with your assumption. Yes, at some point in the near future our dollar's going to collapse but we are not there yet. The price of gas rising means nothing in and of itself. Dollar's still relevant on the world scene for now.
Anonymous Coward
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02/17/2013 12:09 AM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
Repudiation of the dollar means that Americans will have more money, doesn't it? Surely that's a good thing.
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02/17/2013 12:12 AM

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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
...


How much is that up in a week, Chip?
 Quoting: MaxMad


.80 cents
 Quoting: Chip


About a 25% increase! That is just huge! I have never heard of gas prices shooting up like this in February... Thats why "something is not right here"
 Quoting: MaxMad


was it .80 cents or 80 cents?damned
 Quoting: Anonymous Coward 14443159


Potato
Any sufficiently advanced technology is indistinguishable from magic. ~Arthur C. Clarke

Don't go around saying the world owes you a living. The world owes you nothing. It was here first. ~Mark Twain

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every-citizen
Anonymous Coward
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02/17/2013 12:13 AM
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Re: Something is up!!! Repudiation of the dollar!!! Its started!!
4.05 in greater los angeles
 Quoting: Anonymous Coward 28749234


If true-right now- we are now higher than you! We are 4.08 for the cheap gas... But I was in LA on Friday and it was 4.31 in Santa Monica
 Quoting: MaxMad


Now 4.09. That was yesterday.

Highest i've seen it is 4.60-4.70 (last October). If it breaks that than crap.

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