DeeLoaf

I've read in many places that historically the silver to gold ratio has been about 15 to 1 since at least the time of the Roman Empire. But new information comes my way from time to time, and according to ranting Andy the current rates are closer to 10 to 1 (discussion). Couple that with the fact that Silver is highly in demand for industrial and manufacturing related purposes and you can see there is a lot of pressure on silver compared to gold. I would expect then that when the paper markets finally collapse and we see true price discovery we'll see that 10 to 1 ratio show up in the pricing. Whether that means $2000 gold and $200 silver, or some other numbers due to the unknowable future actions of the central banks and the effects they have on overall money supply and thus the prices quoted for precious metals, I dont think it matters - Gold and Silver are your ticket to surviving a HARD powerdown/economic collapse situation. The 10 to 1 ratio as currently produced according to analysts like Andy Hoffman is new information to me, and helps me put things further into perspective. I'm also still long on Bitcoins and expect them to more than double in value over the next 12 months with heavy upward pressure towards the end of 2012 due to the upcoming halving of the block reward.

Time to get your GIABO on. Bitcoins are still around $3. And the MFing Global shit is still making headlines. This one is a month old but I just laughed a lot at Davincij15's take. Don't forget, all major central banks are in collusion and Canada's banks are just as leveraged as anyone else. There is not enough collateral to satisfy the liabilities that are going bad and all the banks can do right now is pump money to wipe this shit off balance sheets. Or something like that. On a lighter note, Adam has once again challenged the man to put up or shut up, reminding us that the NDAA bill doesnt actually remove your rights -- because you dont have any to remove! And lastly, we remind ourselves that Canada no longer exists, if in fact it ever even did.

So what do I recommend? Lay low! Don't make yourself a target. Keep stacking physical assets that you can hold; Gold and Silver as well as barter items like toilet paper, whisky, and ammunition. I also still have a strong belief in the integrity of the Bitcoin system and I feel those tokens will be able to continue to represent un-hypothecatable value in digital form, so long as the core protocols and networks continue to prove their resilience. The beauty of Bitcoin in these coming troubled times is that digital private keys can be carried far more discreetly than physical silver or gold.

If you are planning to get out of town when things start getting "weird", do it sooner rather than later. At some point roads will become impassible and you'll be able to count on being robbed/shot by roving gangs, armed security personnel, or both. Remember, we are not protected against American agression here in "Canada" as we're all part of this G20 thing now and G20 security forces can roam freely and unchallenged anywhere in the G20 countries.