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"THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"

 
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09/18/2013 09:15 AM

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"THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Former World Bank Senior Counsel Karen Hudes says, “It’s pretty clear where we’re headed, and that is something called permanent gold backwardation. That’s a fancy word for people losing confidence in paper currency. That means the value of currency in the future is less than today.” How bad is “permanent gold backwardation”? Hudes, who spent 20 years at the World Bank, says, “This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.” Hudes goes on to say, “Just think about what that would mean in terms of the jobless rate. It’s going to make any depression we ever had (the 30’s, 2008) pale in comparison.”

Hudes says even though the credit ratings agencies rate U.S. debt high, they know just the opposite is true. Hudes contends, “This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.” What would that look like to the man on the street? Hudes predicts, “Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.” Join Greg Hunter as he goes One-on-One with former World Bank lawyer

meltdown



Last Edited by No More Lies on 09/18/2013 11:01 AM
Thanks to whomever upgraded my account!
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Anonymous Coward
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09/18/2013 09:20 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
the truth spoken out!
telling it straight

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09/18/2013 09:22 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
bump
Buck Zander

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09/18/2013 09:24 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
5*

Last Edited by Buck Zander on 09/18/2013 09:24 AM
There must be a law that people can't lie.
Comperio

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09/18/2013 09:25 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
So true - and it is happening now.
"The important thing is not to stop questioning. Curiosity has its own reason for existing. Never lose a holy curiosity."
"Condemnation without investigation is the height of ignorance."
Einstein
Anonymous Coward
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09/18/2013 09:26 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
they have been saying this for 5 years now!
Buck Zander

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09/18/2013 09:27 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Banks stopped leasing gold in July. Too much risk.

damned
There must be a law that people can't lie.
gebahie

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09/18/2013 09:27 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
bump
Anonymous Coward
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09/18/2013 09:28 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
tapering and US dominance starts today. all these disinfo people are part of the game of deception to take over the world, social conditioning, and Agenda21.
Anonymous Coward
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09/18/2013 09:30 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
She would know, since she and her friends orchestrate every "meltdown" ever.
Anonymous Coward
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09/18/2013 09:30 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Time keeps on ticking ticking, into the future.

It will be funny when all the naysayers are digging in dumpsters and eating maggot infested rotting food. Guess they should have listened to the smart people. Maybe i'll flick them a booger to eat.
Anonymous Coward
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09/18/2013 09:30 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Will this ever reach the point where people are aware of it?
Anonymous Coward
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09/18/2013 09:31 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
so it begins
Anonymous Coward
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09/18/2013 09:31 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
“This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.”

Bitcoin will finance international trade
A r c t u r u s
555

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09/18/2013 09:31 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Bring it.
Can´t wait.
There will come a time when you believe everything ends.
This will be the beginning
[Louis L'Amour]

~ A r c t u r u s
Anonymous Coward
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09/18/2013 09:35 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
“This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.”

Bitcoin will finance international trade
 Quoting: Anonymous Coward 24000207


hacker-proof?
Anonymous Coward
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09/18/2013 09:35 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
“This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.”

Bitcoin will finance international trade
 Quoting: Anonymous Coward 24000207


Good thing the NSA created bitcoin so we could have such a backup in place.
Ostria1

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09/18/2013 09:35 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
ok so who gains from this?
Ostria
Face Palmer
Yo mamma pulls catapults to gondor

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09/18/2013 09:38 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
The germans here might want to read this:
[link to www.format.at]
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Anonymous Coward
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09/18/2013 09:39 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
ok so who gains from this?
 Quoting: Ostria1


the ones most indebted, e.g. U.S.gvnmt.
Anonymous Coward
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09/18/2013 09:40 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
If you have 1 bitcoin for 350 million people it's like having close to a million dollars now for 3 billion that number is huge go ahead and kill the dollar
Anonymous Coward
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09/18/2013 09:40 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
ok so who gains from this?
 Quoting: Ostria1


My guess is a nation of people who have never sought self sufficiency and presumed their lot in life was to be supported and served in every way because they are special in some way.

Lest anyone forget central banks don't actually lend out any of their money, they simply collude to create more money as debt and expect payment in full for this service.

This is the most profitable enterprise, the sanctioning of creating fiat currency, they dont even print it, they simply record it as debt and give it legitimacy.

And you must obey or fear them at the cost of your life.
Buck Zander

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09/18/2013 09:40 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
tapering and US dominance starts today. all these disinfo people are part of the game of deception to take over the world, social conditioning, and Agenda21.
 Quoting: Anonymous Coward 47056348


cruise
There must be a law that people can't lie.
Éireann
Eisteacht le gra!

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09/18/2013 09:42 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
“This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.”

Bitcoin will finance international trade
 Quoting: Anonymous Coward 24000207

And just *who* has the most bitcoin atm?

*wonders how hard it is to learn Chinese*
Éireann~

Eisteacht le gra! ~ArunaLuna (Translation from Gaelic: "Listen to Love!")

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." - Thomas Jefferson, from a Letter to John Taylor written in 1816

"Unfortunately, it is in the nature of man to tinker - even with immutable truth. Thus, we must be ever vigilant... - James Munford

“It is a sad fate for a man to die too well known to everybody else, and still unknown to himself.” - Francis Bacon

"Better the illusions that exalt us than ten thousand truths" - Aleksander Pushkin
*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
I do not give negative Karma. I believe that all opinions are worthy of debate and discussion. Free speech is essential to the growth and advancement of each individual and all of Humankind.
Anonymous Coward
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09/18/2013 09:43 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Will this ever reach the point where people are aware of it?
 Quoting: Anonymous Coward 46285418


there really isn't an economic collapse whereby billions of zombies do not notice, now is there. think about it, only 20 - 30 k around the world read or watch this stuff anyway, only 8 percent even watch Fox news, so really you are being gang stalked with lies and perpetual doom.
Anonymous Coward
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09/18/2013 09:44 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
still none of you dimwits have a clue.

If you did,...

If you did, you'd take it to the man right now
The Moran
Yar!

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09/18/2013 09:44 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
If you have 1 bitcoin for 350 million people it's like having close to a million dollars now for 3 billion that number is huge go ahead and kill the dollar
 Quoting: Anonymous Coward 24100922


corbinclappa

Bring it
Anonymous Coward
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09/18/2013 09:44 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
True Christian had been expecting this since we were born.

You can see that when they refused to have children.
Anonymous Coward
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09/18/2013 09:45 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
“This is not just a bad event. This is like the meltdown of all meltdowns. What it means is you cannot finance international trade.”

Bitcoin will finance international trade
 Quoting: Anonymous Coward 24000207

And just *who* has the most bitcoin atm?

*wonders how hard it is to learn Chinese*
 Quoting: Éireann


you are a object or character inside a fictitious environment that sits inside another illusion. nothing will ever come of this chatter. it means nothing.
[link to www.jeffpolachek.com]

DOOOOOMMM!
Tess2012

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09/18/2013 09:45 AM

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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
Thread: White House budget office urges agencies to prepare for possible shutdown
As I've grown older I've learnt that pleasing everyone is impossible, but pissing people off is a piece of cake.
Anonymous Coward
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09/18/2013 09:45 AM
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Re: "THIS IS NOT JUST A BAD EVENT. THiS IS LIKE THE MELTDOWN OF ALL MELTDOWNS"
pseudo economics explained by rednecks

nothing in life in funnier

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