Cannabis Prices & The Coming Devaluation of the Dollar

[whodare]

1980: The Hunt Brothers tried to corner the market, IIRC.

There wasn't any radical shift in fiscal policy in 1980 to justify the rapid spike in silver. There was a major shift, however, in 1971 (1972?) when President Nixon put the USA completely on a fiat (no precious metal backing) currency.

OTOH, the US Treasury and NY Federal Reserve have put at least $4 Trillion USD into the marketplace, vastly expanding the M3 money supply. Very little of this money has reached Main Street to ease the current credit (lines of credit) crisis -- the TBTF|TBTJ Banksters and Wall Street are hanging onto that "new money", propping up crony corporations and foreign central banks which coincidentally are also private for-profit banks. The Federal Reserve refused to inform Congress about exactly how much money they have released, nor to whom. As the double-dip recession begins to bottom out, these Banksters will be buying up Main Street USA and the residential & commercial real estate at pennies on the dollar.

Without fundamental changes, including tightening regulations on commodity futures speculation and increased central bank backing of local bank lines of credit to Main Street, the economic meltdown of September 2008 will be repeated, although it will likely be worse than that of the Great Depression. This would still only be the equivalent of a band-aid on a gushing arterial wound. The fiscal fundamentals of the American economy are unsustainable. Major economic change is on it's way.

The Obama regime, chock full of Banker lobbyist/advisors, has merely been "kicking the economic credit/debt crisis down the street". This is the only way that the USA government can continue to justify the tremendous fiscal drain of maintaining 3-1/2 overseas conflicts, the Departments of Defense & Homeland Security and the National Intelligence infrastructure. Without the prospect of propping up the American Exceptionalism mercantile colonial empire that is based on Oil, the USA dollar as the world's reserve currency will end. When it does end, this country will experience hyper-inflation.

thank you god so well put...

 

[bobblehead]

at bobble

underestimating the enemy is a bad thing to do...

not to say you are but remember this arent democratic countries we are dealing with... regardless what the people of their country want the "elite"/dictators will do what they want...

touche

 

[Bobby Stainless]

Our government doesn't know how much money is really out there. People around the world hold their savings in dollars and/or euros right now, b/c their home country's soft currency is unpredictable. We're talking about savings in a safe. lol... If people were to lose confidence in the dollar all of the sudden, and that paper money found it's way home... we'd be in trouble.

The thing is, we're talking about a major catastrophe... I think it's more likely that the yuan will inch it's way in over time, and the 3 majorly traded currencies will be the dollar, euro, and yuan. Presently, the dollar is king, with preference shifting toward euro... and the yuan gaining in popularity in Asia.

The Yuan still has a long ways to come, and with the Chinese bubble close to bursting... Why would China buy up so many companies and real estate, and then tank our currency? They would take a massive hit on their investment. We don't have a manufacturing economy, so it's not like the roles are about to reverse. They are here to stay. The infrastructure is already in place. They can buy up companies, and take the technology to China... but they don't have the American business culture.

Yeah, I know all of that. Oil is still traded in dollars. The US is still the military superpower. The US is also the biggest consumer of Chinese goods.

To say the dollar is "fake" is incorrect.

 

[David762]

I think that the point you perhaps are missing is ...

I think that the point you perhaps are missing is ...

seriously, against which currency has the dollar lost significant purchasing power?

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.

 

[bobblehead]

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.

no, actually that's why I say money is fake, and I switched from business to medicine. Financial rules and regulations can change, money can be made and lost... but the knowledge/power to save a life. Nobody will ever be able to take that from me.

And if/when the revolution comes, I'll be well taken care of. lol...

 

[David762]

Our foreign creditors will own our country ...

Our foreign creditors will own our country ...

Our government doesn't know how much money is really out there. People around the world hold their savings in dollars and/or euros right now, b/c their home country's soft currency is unpredictable. We're talking about savings in a safe. lol... If people were to lose confidence in the dollar all of the sudden, and that paper money found it's way home... we'd be in trouble.

The thing is, we're talking about a major catastrophe... I think it's more likely that the yuan will inch it's way in over time, and the 3 majorly traded currencies will be the dollar, euro, and yuan. Presently, the dollar is king, with preference shifting toward euro... and the yuan gaining in popularity in Asia.

The Yuan still has a long ways to come, and with the Chinese bubble close to bursting... Why would China buy up so many companies and real estate, and then tank our currency? They would take a massive hit on their investment. We don't have a manufacturing economy, so it's not like the roles are about to reverse. They are here to stay. The infrastructure is already in place. They can buy up companies, and take the technology to China... but they don't have the American business culture.

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.

 

[draztik]

Yeah, I know all of that. Oil is still traded in dollars. The US is still the military superpower. The US is also the biggest consumer of Chinese goods.

To say the dollar is "fake" is incorrect.

What will happen when they start trading oil in gold and China stops artificially holding down its currency and stops the export of their cheap labor and goods and allow their people to reap the fruits of their labor? The Chinese people will go from riding bicycles to work to driving cars to work overnight. And there was another agreement between China and Russia recently. Russia agreed to supply China with all of it's oil so they won't be affected by the coming oil crisis.

 

[draztik]

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.

Well said my friend!

 

[draztik]

"They" (The Banking Elite) want the most horrific dictatorship on planet earth to be the economic super power in order to bring the U.S. and the Constitution and our Bill of Rights to our knees. Our freedom is what they really want to destroy and they are doing it through the monetary system.

 

[whodare]

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.

hmmm sounds like what we do around the world on a daily basis, maybe isolationism isnt sounding like a crazy idea now

 

[whodare]

"They" (The Banking Elite) want the most horrific dictatorship on planet earth to be the economic super power in order to bring the U.S. and the Constitution and our Bill of Rights to our knees. Our freedom is what they really want to destroy and they are doing it through the monetary system.

cause thats the only way they can do it... but never underestimate the human spirit...

 

[hup234]

Back to the original question,where is the price of weed going.down,down,down.wholsale this year retail next year.w/risk going down and no work to be had everybody and there brother is going to grow .i know you grow the best shit ever bla bla bla 99% don't give a shit that's why they eat at mickey d's.price's 2 yrs aro in hawaii were$400 a z know you can get anything for under $100 most can't give it away.Growers in the U.S.A need to plan for greatly reduced pricing ...indoor will soon be a thing of the past...

 

[Bobby Stainless]

What will happen when they start trading oil in gold and China stops artificially holding down its currency and stops the export of their cheap labor and goods and allow their people to reap the fruits of their labor? The Chinese people will go from riding bicycles to work to driving cars to work overnight. And there was another agreement between China and Russia recently. Russia agreed to supply China with all of it's oil so they won't be affected by the coming oil crisis.

Can you tell me when this will happen?

 

[whodare]

Back to the original question,where is the price of weed going.down,down,down.wholsale this year retail next year.w/risk going down and no work to be had everybody and there brother is going to grow .i know you grow the best shit ever bla bla bla 99% don't give a shit that's why they eat at mickey d's.price's 2 yrs aro in hawaii were$400 a z know you can get anything for under $100 most can't give it away.
thats about right...

Growers in the U.S.A need to plan for greatly reduced pricing ...indoor will soon be a thing of the past...

indoor wont be a thing of the past but outdoor greenhouse will produce the majority so low cost of production will lower price...

if our economy collapses alot of people will be looking for escape so drugs will still be in demand if not more so... look at booze and tobacco stocks in economic downturns, they go up...

but.. untill we see federal legalization we wont enoy this plant at a reasonable price unless we grow it ourselfs...

 

[whodare]

Can you tell me when this will happen?

its in motion and has been for bout 3-4 years... who knows how long we can get away buying our own debt before the pull the trigger...

 

[draztik]

Can you tell me when this will happen?

It's happening now.

 

[Bobby Stainless]

As far as oil being traded in gold?

 

[Milhouse]

Whodare - i made the same reference as hup did yesterday! The price will go down, it would have to!! You talk about demand for alcohol and tobacco rising when the economy downturns. I agree in the past it had but you are talking about a taking economy the likes of which we have never seen ON TOP OF a huge price increase to many, if not all of our staple products!! With less disposable income to spend on luxuries, less people will be smoking unless the price drops significantly. I do think IF all of this "doomsday" scenario does happen, the people that want to smoke will grow outdoors...period. If everything is going up, noone is going to grow in their house if the cost of electricity skyrockets with everything else, unless they are filthy rich.

 

[David762]

Thanks for bringing this thread around full circle.

Thanks for bringing this thread around full circle.

Back to the original question,where is the price of weed going.down,down,down.wholsale this year retail next year.w/risk going down and no work to be had everybody and there brother is going to grow .i know you grow the best shit ever bla bla bla 99% don't give a shit that's why they eat at mickey d's.price's 2 yrs aro in hawaii were$400 a z know you can get anything for under $100 most can't give it away.Growers in the U.S.A need to plan for greatly reduced pricing ...indoor will soon be a thing of the past...

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.

 

[whodare]

As far as oil being traded in gold?

read this post it clears some things up...

http://www.marinkapeschmann.com/2011/03/03/pentagon-report-

The first phase was a speculative run-up in oil prices that generated as much as $2 trillion of excess wealth for oil-producing nations, filling the coffers of Sovereign Wealth Funds, especially those that follow Shariah Compliant Finance.
This phase appears to have begun in 2007 and lasted through June 2008.
The rapid run-up in oil prices made the value of OPEC oil in the ground roughly$137 trillion (based on $125/barrel oil) virtually equal to the value of all otherworld financial assets, including every share of stock, every bond, every private company, all government and corporate debt, and the entire world‘s bank deposits. That means that the proven OPEC reserves were valued at almost three times the total market capitalization of every company on the planet traded in all27 global stock markets.

The second phase appears to have begun in 2008 with a series of bear raids targeting U.S. financial services firms that appeared to be systemically significant.
An initial bear raid against Bear Stearns was successful in forcing the firm to near bankruptcy. It was acquired by JP Morgan Chase and the systemic risk was averted briefly. Similar bear raids were conducted against various other firms during the summer, each ending in an acquisition. The attacks continued until the outright failure of Lehman Brothers in mid-September. This created a system-wide crisis, caused the collapse of the credit markets, and nearly collapsed the global financial system. The bear raids were perpetrated by naked short selling and manipulation of credit default swaps, both of which were virtually unregulated. The short selling was actually enhanced by recent regulatory changes including rescission of the uptick rule and loopholes such as ―the Madoff exemption.‖
While substantial, unusual trading activity can be identified, the source of the bear raids has not been traceable to date due to serious transparency gaps for hedge funds, trading pools, sponsored access, and sovereign wealth funds. What can be demonstrated, however, is that two relatively small broker dealers emerged virtually overnight to trade
―trillions of dollars worth of U.S. blue chip companies. They are the number one traders in all financial companies that collapsed or are now financially supported by the U.S. government. Trading by the firms has grown exponentially while the markets have lost trillions of dollars
in value.‖
1

The risk of a Phase Three has quickly emerged, suggesting a potential direct economic attack on the U.S. Treasury and U.S. dollar.
Such an event has already been discussed by finance ministers in major emerging market nations such as China and Russia as well as Iran and the Arab states. A focused effort to collapse the dollar by dumping Treasury bonds has grave implications including the possibility of a downgrading of U.S. debt forcing rapidly rising interest rates and a collapse of the American economy. In short, a bear raid against the U.S. financial system remains possible and may even be likely. Phase Two may have concluded with the brief market rebound that was supported by an emerging regulatory response calling for greater transparency across the board. Efforts including regulation of credit default swaps and proposed oversight of previously unmonitored trading activity, as well as Federal support of systemically vital institutions.
But, we remain left with the critical unanswered questions of who and how?
The recent seizure of $134 billion face value in supposedly counterfeit U.S. Federal Reserve bonds underscores the reality of the economic threat. This may be as significant as the Japanese radio intercepts were before December 1941. Immediate consideration of the issues outlined in this report is vital. Further study is essential and prospective responses must be crafted to address future risks. Finally, there are legitimate questions about the performance of the regulatory regime and Wall Street institutions. Implications that these parties have been complicit or otherwise co-opted cannot be ruled out. Therefore, it is strongly recommended that this study and any task-force response be conducted outside of traditional Washington and Wall Street circles.