Gold is officially replacing the US dollar June 28th (when NDAA takes effect)

[Carson]

During all of the deviousness surrounding the fiat dollar our old system of currency has remained alive and well just laying there waiting for a little love.

It was able to survive because it is real. It has remained stable because it is real.

http://www.silverandgoldaremoney.com/

Back in the sixties and seventies gas ran around 17 to 25 cents or so. It still does. The silver in the coins is a commodity. I haven't checked them all but I'll bet if you held any one commodity during the last several decades you would still have something of relative value with all of the others.

Personally I don't see the changes coming needing to be anything more drastic than the trip away from reality was. Those with their clutches on their prize inside of the cocoanut really worry me though. If they could regain their senses we could all migrate back to our occupations and all grow even stronger together.

Owning a couple of the over-hyped up commodities could result in some nice gains if you play them right. Still any real thing should suffice.


It is the fiat dollar that has been changing in respect to all of them.

I'm thinking that blue line I drew for other reasons is where reality lies in the world of real commodities. This may not be a perfect science but I bet it plays out better than chasing the alternative we have had no alternative to.

Ron Paul 2012

Absolutely no reason to wait.

Ron Paul Now!​

 

[MarkRun]

So gold should be $5000/ounce by june 2012.

 

[thequietkid10]

It will be yet ANOTHER example of Infowars/Ickle style fear mongreling which discredits the libertarian movement.

I wanted to bump this sometime during July. Jaw nearly dropped to floor when I saw what today's date is.

 

[echebota]

[REDIRECT][/REDIRECT]

I wanted to bump this sometime during July. Jaw nearly dropped to floor when I saw what today's date is.

Alex and infowars do report the facts, and the reported info is usually accurate. But they also do exaggerate the predictions and over dramatize, that's true. Like in this case, June 28th Ndaa kick in does put another nail into the $ coffin , but obviously the $ destruction is a pretty long process , which does not end on this date.

 

[Carson]

[REDIRECT][/REDIRECT]

Alex and infowars do report the facts, and the reported info is usually accurate. But they also do exaggerate the predictions and over dramatize, that's true. Like in this case, June 28th Ndaa kick in does put another nail into the $ coffin , but obviously the $ destruction is a pretty long process , which does not end on this date.

They seem balanced out by the sleeping sheeple and those saying LA LA LA LA with their heads shoved firmly in the sand.


Perhaps there is good and bad in everything but an art to finding a truth.

 

[pmbug]

I wanted to bump this sometime during July. Jaw nearly dropped to floor when I saw what today's date is.

Since no one posted any updates in the thread, I'll go ahead and recap what happened (ie. the fallout):

June 22:

China has increased its oil imports from Iran following the settlement of ambiguities by the two countries regarding the terms of the existing crude sale agreements.

Customs data indicated that China added 133,902 barrels per day to its crude shipments from Iran in May, increasing its Iranian oil purchase by 34.5 percent from the level of 388,034 barrels per day in April, Reuters reported on Thursday.

The rise in China's crude shipments from Iran was aimed at offsetting a plunge in the oil imports in the first quarter of 2012.
...

http://www.presstv.ir/detail/2012/06/21/247330/china-raises-oil-imports-from-iran/

June 29:

The United States gave China a six-month reprieve from Iran financial sanctions on Thursday, avoiding a diplomatic spat with a country whose support it needs to try to quell violence in Syria and rein in Tehran's nuclear ambitions.

With Thursday's decision to grant exceptions to China, which buys up to a fifth of Iran's oil exports, and Singapore, which buys Iranian fuel oil, the Obama administration has now spared all 20 of Iran's major oil buyers from its unilateral sanctions.
...
U.S. Secretary of State Hillary Clinton said both China and Singapore earned the reprieve by cutting imports of Iranian crude and argued the reductions by all 20 countries showed that Iran was paying a high price for its nuclear program.
...

http://www.reuters.com/article/2012/06/28/us-usa-iran-sanctions-china-idUSBRE85R16L20120628

July 1:

...
This really is big news folks because what started out as a "threat" by the U.S. has turned out to be an expose’ of the Dollar’s Achilles heel. Yes I am sure that China’s trade would have been disrupted to some extent but the decline in demand for Dollars would (and will in the future) have torpedoed the Dollar unlike any event seen before. This "blink" shows that our fearless leaders finally have figured out the errors of their logic, what would have been a broken leg or arm requiring maybe 6 weeks to heal for China turns out to not be worth pointing a fully loaded gun at our own heads.

So we didn’t pull the trigger so all is well, right? No, the damage is done and our bluff was called, this rabbit is not going back into the hat no matter how hard we try. The SWIFT system has already been "skirted" by multiple side deals where countries plan to settle in their own currencies. This is the same thing as when a banking system actually goes down, yes trade and business slows but deals are still made and settled in barter. I don’t know what the logic was that excluding anyone from the SWIFT system was such a big stick but it surely isn’t and now can no longer used for any leverage. While China was touring the globe and doing deals (buying up resources), they were making these alternative settlement deals AND just so happened to purchase the LME which, oh by the way, will be moved to Hong Kong.

I do want to mention something that was questioned and even laughed at for months now, June 27th. Does this day ring a bell? June 27th was the day that Jim Sinclair said would be an inflection point for the Dollar where the world would be changed forever. Well, the 27th came and went, yet to the average snoozer and probably most of the whiners who wrote in, in total panic to Mr. Sinclair, the world is still here and nothing has changed. Well, the world has changed and the U.S. no longer has the financial big stick called "SWIFT" to wield, we wasted it and it now resembles wet spaghetti! Is the Euro up because Europe has figured out how to "save itself? Did they really come up with a plan? No, the one minor detail as it always is and has been is, "where is the money coming from". Coincidence that Gold is up $50 today? I think not, Gold is depressed yes and deserves a wicked bounce, that is the nature of cycles but I find it very hard to believe that Gold is "up because Europe is not going to collapse". First off, if Europe does collapse in a heap, Gold will explode in value as Euro capital will accrue into Gold’s value. I personally think that Gold’s move today is in response to the Dollar’s Achilles heel being exposed.

Was Jim Sinclair correct about June 27th? I think that this time he has split the many of his previous bullseye calls right down the center like Robin Hood. His $1,650 Gold call was off by a whopping 6 months even though he made the call 9 years earlier! This time he missed by a day because it took roughly 24 hours for the world to figure out that the "SWIFT bluff" not only turned out to be a bluff but turns out to be a MAJOR shift in power from West to East. China no longer needs the SWIFT system yet we HAVE to have it to create (false) Dollar demand. This, while at the same time COMEX is losing it’s importance as the LME moves to Hong Kong with contracts that can be trusted.
...

http://www.jsmineset.com/2012/07/01/jims-mailbox-975/

July 8:

Switzerland defies US, EU ban on Iran oil

The Swiss Federal Department of Economic Affairs stated that Switzerland will not join the oil embargo against Iran, despite pressure from the United States and the EU, IRNA reported on Friday.
...

http://presstv.com/detail/2012/07/06/249681/switzerland-defies-us-eu-ban-on-iran-oil/

This NDAA / Iran sanctions / SWIFT threat pushed the BRICS to start developing alternative clearing mechanisms for international trade. The seeds have been sown.

Folks laughing at the OP didn't understand Sinclair's point. He isn't claiming that on June 28th, the dollar is instantly void. He's talking about a dynamic which is forcing large sovereigns to develop alternatives to the dollar being the death knell for it's priviliged status.