Cannabis Prices & The Coming Devaluation of the Dollar

[Rednick]

my thing is that Ghadaffi has so blatantly disregarded human rights that we need to think about helping the innocent unarmed people who are being slaughtered cause they dont want him in power...

We need to stop thinking so hard!
It is a fuckin Bay of Pigs 'round her!

Those Rebels need to man up and get shit done.
They obviously have learned nothing from Iraqistan!

NFZ, what a fucking joke. The western countries see you are getting your ass kicked, we can't send in troops, so let's do the next best thing. Ground Gaddafis war machine.

Let them fight their fucking war! Yeah, the rebels may lose the battle, but the war is far from over. Besides, getting your ass kicked builds character.

 

[SpasticGramps]

The USA will eventually lose reserve currency status IMO. This is a foregone conclusion. We have debauched our currency to the point where it is destabilizing prices around the world.

For those that think this can never happen to the US is rather silly. The US is subject to laws of economics and history just like everyone else. We all need to wash this "American Exceptionalism" nonsense out of our ears. It clouds rational judgement.

I don't think it really matters at this point. I believe we have past the point of no return and are simply watching the wheels come off the Ponzi Economy at this point.

QE3 will happen after a quick breather from printing money in June. The market will quickly realize that this isn't a self sustaining recovery and it has become dependent on massive doses of liquidity (digitally printed money). From there we will print money until all faith in fiat is lost. History repeating itself. That's my opinion anyway.

 

[SpasticGramps]

I agree with most of what is said in this article.

Why the Dollar's Reign Is Near an End Wall Street Journal

The single most astonishing fact about foreign exchange is not the high volume of transactions, as incredible as that growth has been. Nor is it the volatility of currency rates, as wild as the markets are these days.

Instead, it's the extent to which the market remains dollar-centric.

Consider this: When a South Korean wine wholesaler wants to import Chilean cabernet, the Korean importer buys U.S. dollars, not pesos, with which to pay the Chilean exporter. Indeed, the dollar is virtually the exclusive vehicle for foreign-exchange transactions between Chile and Korea, despite the fact that less than 20% of the merchandise trade of both countries is with the U.S.

Chile and Korea are hardly an anomaly: Fully 85% of foreign-exchange transactions world-wide are trades of other currencies for dollars. What's more, what is true of foreign-exchange transactions is true of other international business. The Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars.

The greenback, in other words, is not just America's currency. It's the world's.

But as astonishing as that is, what may be even more astonishing is this: The dollar's reign is coming to an end.

I believe that over the next 10 years, we're going to see a profound shift toward a world in which several currencies compete for dominance.

The impact of such a shift will be equally profound, with implications for, among other things, the stability of exchange rates, the stability of financial markets, the ease with which the U.S. will be able to finance budget and current-account deficits, and whether the Fed can follow a policy of benign neglect toward the dollar.

Given that. Prices of most everything will continue to rise. Gas, food, etc. I think weed will be a good tradeable commodity.

 

[barnyard]

what are supernotes?

what are supernotes?

N Korea is the 2nd largest printer of US currency! lol No wonder they use greenbacks lol

 

[dagnabit]

We need to stop thinking so hard!
It is a fuckin Bay of Pigs 'round her!

Those Rebels need to man up and get shit done.
They obviously have learned nothing from Iraqistan!

NFZ, what a fucking joke. The western countries see you are getting your ass kicked, we can't send in troops, so let's do the next best thing. Ground Gaddafis war machine.

Let them fight their fucking war! Yeah, the rebels may lose the battle, but the war is far from over. Besides, getting your ass kicked builds character.

awwwwww
cmon man WTF!!!!
your not supposed to agree with my ignorant trollish ass..
one of us is gonna have to change his opinion!!!!

 

[mrwags]

What is one man's junk is another man's treasure and like always there is an ass for every seat so the value is irreverent when the man says pay or pass.


My Penny
Mr.Wags

 

[whodare]

We need to stop thinking so hard!
It is a fuckin Bay of Pigs 'round her!

Those Rebels need to man up and get shit done.
They obviously have learned nothing from Iraqistan!

NFZ, what a fucking joke. The western countries see you are getting your ass kicked, we can't send in troops, so let's do the next best thing. Ground Gaddafis war machine.

Let them fight their fucking war! Yeah, the rebels may lose the battle, but the war is far from over. Besides, getting your ass kicked builds character.

lol what if someone told that to the french and spanish during the revolutionary war...

me thinks you and i would be typing with a british accent

 

[Chief Rbud]

Cheif Rbud - There are a few "untruths" to your story so please hold off with the name calling.

First, you were close with the Warren Buffet reference with gold but in actuality he started buying silver over 20 years ago and cashed in on his silver invest in 2006 with a sale to Barclays. Noone was calling Warren Buffet a nut 10 years ago! His MASSIVE investment into the BNSF seems suspicious then doesnt it? I mean if he was worried about the US economy and everything, he would definitely not invest in an AMERICAN company whose main business is hauling goods for the AMERICAN economy. If the US economy crashed, which it surely would under this scenario, he would stand to lose BILLIONS!!!

Second, the price of Silver was not "$5-$6" 5 years ago...I think it was like 8 years ago, average price in 2003 - $4.85 ended year at $5.97. If they were buying 5 years ago (2006) they would have been paying roughly $7.31 per ounce. On a separate note, I wish I would have bought Silver then, that was an amazing investment decision.

You brag about being "almost out of debt" Under this "scenario", you would want to accrue as much debt as possible right now because you will be able to pay back your debt with "future, worthless" dollars.

Who are "the wealthy"? That seems like a very broad term to say the least!! Is there like a secret super rich elite investment group that is moving markets because there are VERY FEW individuals that have the financial capabilities to move an entire commodity market! Maybe none!

I am not opposed to everything you are saying although you are taking quite a dramatic approach to it! I do agree that the dollar is going to continue a decline in value but i do not believe it will be as dramatic as you speak of! I also really didnt like your ignorant tones towards everyone that didnt agree with what you had to say.

keep sticking your head in the sand, maybe it will all go away. after all, this is america, that could never happen here right? who are you to call someone ignorant because you don't have the experience or mental capacity to understand what is being discussed. real good job, point out a mistake on the timing of my statements when the point remains the same and is unchanged. that point being that the dollar is collapsing right before your very eyes, and you still deny it. good job! attack the messengers. im afraid if people don't wake up to what is happening and who is making it happen, then all the end of the world scenarios spoke of in this forum will come true. i don't want these things to happen, that's why i try to point out who's who and what they are up to. problem is they control the media, and 99.9% of the people in this forum and in the united states watch too much TV and are being influenced by the talking heads to believe whatever they say to believe. i have a question for anyone here , Why is flouridating the water supply ILLEGAL in europe? you figure that out, and then you might start to see how true these "crazy town" conspiracies really are. of course its not all true, the very people who are exposing the truth spread just as much untruth fed to them by the people who control the media. so we have to be very discerning in these matters. to just brush something off as crazy or incorrect because we have a different perspective is ignorant! We have a duty to ourselves and our children and all future generations to seek out the truth in these matters. there is an old saying "qui bono", it means "who benefits". FOLLOW THE MONEY and you will see who benefits from certain events, even tragedies beyond comprehension. yes they are probably responsible for many tragedies too. just because you or I wouldn't do atrocities against mankind to make a profit doesn't mean these people wont. you go find out who these people are and what they are up to. i already know.............. and i'm taking measures to make sure i and my family will survive whatever they have up their sleeves. you need to find out who the key players are, read their biographies and autobiographies and any memoirs, and see what they have been saying for 30 years about sustainability. i promise if you do the steps mentioned you will effectively have taken the red pill and be removed from the matrix so to speak. your eyes will be opened to how evil these people really are, and you will see there agenda, they aren't hiding it. its been spoken of since the late '60's. Henry Kissenger, rockefellar, rothchilds, collins, george soros, ted turner, mikel gorbachev, kofi anan, and many others. read what these people have to say about you and me. then read what they say the solution to the problems are. i don't believe in tin hat conspiracies, i read what the conspirators write and speak publicly and then i watch where they are investing and how they stand to profit. qiu bono. its that simple. i can tell you we aren't going to benefit from their plans that's for sure!(we may benefit, but not if they have their way). by the way, your statement about no individual can move a market simply isn't realistic, george soros almost bankrupted england when he speculated against the pound. he single handedly drove the value of the pound down to the point of almost collapsing it when he shorted it. it caused them to change the rules. there are others with this kind of wealth too. his wealth isn't compared to people, its compared to nations he is so wealthy. no one really knows what he has because he holds much of his wealth in tangible assets that are easily hidden and highly liquidable, not paper stocks and fiat currencies. although he does invest in them too.

and just because buffet invests in an american company doesn't mean he is bullish on the dollar. he is shrewd and knows things we don't, and he is an excellent business man. he's is also wealthy enough to move markets when he invests in commodities, to say otherwise is just plain foolish.

 

[Chief Rbud]

Given that. Prices of most everything will continue to rise. Gas, food, etc. I think weed will be a good tradeable commodity.


and this was the true intent of my original post, dont trade your weed for dollars, trade it for commodities you need to survive, and for real money, silver or gold, or anything that can be used as an exchange medium the people will take.

 

[whodare]

buy silver gold and commodoties, and get your money out of the american dollar....

 

[SpasticGramps]

I think that the point you perhaps are missing is (1) that nearly all currencies today are fiat currencies, and (2) that nearly every country's central bank is a private for-profit bank.

All countries that have adopted fiat currencies will be in the same economic boat when the collapse occurs. The winners will be the Central Banks themselves, which will own the corporations that provide the means of production, the commodity markets (food, fuel, etcetera), and much of the world's real estate. The only citizens that may survive the economic collapse are those who have the greatest rate of savings -- savings invested in real estate, outright ownership of sources of energy & food, and precious metals. The coming economic collapse will make the Great Depression look like a speed bump.

Bang on.

Our foreign creditors will own our country ...

It will be their land, their natural resources. Post-economic collapse, the USA will be unable to afford to import petroleum. The USA's current petroleum reserves stockpile will be earmarked for the military and maintaining martial law. Post-economic collapse, the USA will become a Chinese colony. We will be their source of cheap coal, their source of cheap food, their source of cheap lumber, etcetera. The USA will be carving the vast tracts of land that are currently Federal (parks, reserves, wildlife refuges) into Chinese territory. It's not as if there will not be enough Chinese immigrants available to "colonize" their new land. The Chinese will own most of the USA's fertile farmland, and the agra-businesses that operate them.

Laugh at this scenario if you wish, but it is a rational one imvho.

Bang on.

Thanks for bringing this thread around full circle.

Cannabis, whether legal, quasi-legal, or illegal, is a commodity. As a commodity, it's price is regulated in the marketplace by supply and demand. In a normal economy experiencing inflation, the trend would be for cannabis prices to rise -- but an economy experiencing hyper-inflation would likely see the price of cannabis decrease overall. There would be less demand, since most people would be struggling to survive at a subsistence level -- room for a small food plot, even on a balcony or community garden, or growing cannabis?

Since hyper-inflation would also include fuel and energy prices, indoor growing would be a thing of the past, excepting the financially better off. I could see successful growers winding up working for the wealthy class, maintaining their dank indoor grow-operations -- everybody else would be forced outdoors I think. Regardless of legal status of cannabis, hyper-inflation would greatly reduce both supply and demand. FWIW, the alcohol and tobacco industries would also see dramatic declines in demand, under those circumstances. Along with virtually everything else.

Bang on. Hyperinflation becomes a hand to mouth lifestyle very quickly for most people. Mainly the unprepared still suffering from the blinding normalcy bias. Weed will be a very nice tradeable commodity.

I also recommend at least doing basic research into Austrian Economics. Keyseniasm = sham to pull the wool over peoples' eyes so that we literally worship consumerism ("story of stuff" is a great 20 minute documentary about our worship of materialism and the impossibility of sustaining a linear system with finite resources) and war. All the while the bankers supply both sides and become rich.

What is so sad is that this isn't even Keynesian economics. Keynes would be appalled at what the central banks around the world are doing. He was against debauching of currency under any circumstances. This is Neo-Keynesian and it's nothing short of financial terrorism by the ruling class.

Neo-Conservative, Neo-Liberal, Neo-Keyensiam. It's all new and it all sucks IMO.

 

[medicalgreen]

Bang on.



Bang on.



Bang on. Hyperinflation becomes a hand to mouth lifestyle very quickly for most people. Mainly the unprepared still suffering from the blinding normalcy bias. Weed will be a very nice tradeable commodity.



What is so sad is that this isn't even Keynesian economics. Keynes would be appalled at what the central banks around the world are doing. He was against debauching of currency under any circumstances. This is Neo-Keynesian and it's nothing short of financial terrorism by the ruling class.

Neo-Conservative, Neo-Liberal, Neo-Keyensiam. It's all new and it all sucks IMO.

The truth is....they cannot take our land for their credit they loaned us, because there is fraud involved in non disclosure etc. There was no true consideration or value given, since there was nothing backing their money or rather "credit", either.

 

[SpasticGramps]

The truth is....they cannot take our land for their credit they loaned us, because there is fraud involved in non disclosure etc. There was no true consideration or value given, since there was nothing backing their money or rather "credit", either.

I get what you are saying and agree, but I think the truth is that they don't give a fuck and will take what they want and enforce the fiat currency via the barrel of a gun as they do now. Until the people rise up against the banking oligarchy nothing will change. I'm not talking about violent revolution either. A national bank run on the major banks would do. Confidence lost is hard to regain.

 

[guest59452]

The legalization of marijuana and the destruction of common currency

The legalization of marijuana and the destruction of common currency

As some of we may know that ganja is the healing of a nation it reverses mutations not only of the cancerous form in the body of man, but also will provide healing to the cancerous entity that control your lives in a negative way. The force of marijuana comes to those who wouldnt even smoke. All would reap benefits if they woed seed. Bartering commoditties for a unique strain, Endless biofuel due to the super production of starch in the hemp plant not only can be used for fuel but etc...

The sharing would start and life would be lived in a completely new way.

All can be happy and live life in the way we all know we should live when we smoked our first one.

Nothing wrong, growers just next time you have a chance a legalization would be good instead of more currency in your pocket think about others. You have to start somewhere. Have a heart you know what to do with IT.

 

[PoopyTeaBags]

listen i kinda agree with you... but that bill was trash and im not even in cali... you basically ask everyone that makes a living off of weed to give up there job and way of life... areal bill will legalize it without cutting out90% of the competition....


people shold not vote on a bill that is wrong... peroid... doesnt have to be perfect but that shit was far frrom anything but fucking everyone but a few people....

 

[guest59452]

The idea is to depend on weed and not money and soon turn back to trading weed for gold and other materials like food and shelter, every street would have a unique strain.

The idea is not to have any ruler to determine why it is illegal and the people have been going with it so long that even the ones who know how easy it is to produce continue to seal the fate. But wait there is light at the end of the tunnel many of us can feel it.

Q.
Does it create paranoia?

A.
No, only for the people who bite the hook.

imagine all the less suffering going on in jails, just think many of the great mind that want grow and want good for the world could finally be an asset to a non-corrupt law enforcement agency. Soon coruption would disappear. and everything would change as we know it.

If you ever feel like your life is being wasted this is something you can stand up for and give the comunity a green fresh green start anew. Dont pretend like your not slaves to an empire that has been telling you what to do your whole lives. Smoke a blunt change your mind and think about the survival of a great human race who actually progresses as time goes on instead of watching it go by just as the TV plays in your living room. Dont give up we must always improve. Have it with you

 

[medicalgreen]

listen i kinda agree with you... but that bill was trash and im not even in cali... you basically ask everyone that makes a living off of weed to give up there job and way of life... areal bill will legalize it without cutting out90% of the competition....


people shold not vote on a bill that is wrong... peroid... doesnt have to be perfect but that shit was far frrom anything but fucking everyone but a few people....

I agree, here, but I loved your last post. I would not vote on that bill because it sucked. We could not call that "legalization". But, if we do have a chance to, we really should go for it, if it's written well. I liked Jack Herer's initiatives for full legalization including Hemp.

 

[dagnabit]

listen i kinda agree with you... but that bill was trash and im not even in cali... you basically ask everyone that makes a living off of weed to give up there job and way of life... areal bill will legalize it without cutting out90% of the competition....


people shold not vote on a bill that is wrong... peroid... doesnt have to be perfect but that shit was far frrom anything but fucking everyone but a few people....

that bill eliminated NO ONE!!!

just more propaganda that you bought...

 

[decarboxylator]

listen i kinda agree with you... but that bill was trash and im not even in cali... you basically ask everyone that makes a living off of weed to give up there job and way of life... areal bill will legalize it without cutting out90% of the competition....


people shold not vote on a bill that is wrong... peroid... doesnt have to be perfect but that shit was far frrom anything but fucking everyone but a few people....

agree. it is generally accepted that 19 was poorly written. anyone who disagrees should talk to Mr Lee as his camp plainly admits this.

my 2cents: obama does not and will not have our backs. it is too controversial and his ratings are in the toilet already. 2012 is not looking great anywhere in the US, maybe WA state will have progress. Things will get worse in the rest of the US for medical cannabis (not legislatively but in how the laws are enforced, ie more DEA raids looking for money). Unless obama is re-elected and goes for rescheduling (knowing that he can't be re-elected as president). I doubt that will happen even if he is re-elected.

Dispensaries already have giant grow warehouses, THIS IS FACT. I don't see why we need to let big biz in, we got it HANDLED! I see $35 "in house" 1/8s all over. Isn't that a good price for indoor?

 

[decarboxylator]

I agree, here, but I loved your last post. I would not vote on that bill because it sucked. We could not call that "legalization". But, if we do have a chance to, we really should go for it, if it's written well. I liked Jack Herer's initiatives for full legalization including Hemp.

Ahh. Agree. But that camp has no chance (money). I would love to just free the hemp first. That shit is way overdue and there is no loop hole like us recreational tokers have with medical mj.