the dollar vigilante blog

The Weekend Vigilante

Hello from chilly San Francisco!

It's been a whirlwind month for me, from Argentina to Montreal to San Francisco.  I'll be wrapping it up this week at the Hard Assets show and then will be returning to my beach condos in Acapulco.  But, the craziness doesn't stop there. I'll be getting married on the beach in Acapulco on December 2nd... and, from what I hear, Mexican weddings last anywhere from 3-15 days... so, by Christmas, if I and my liver are still alive, I should be looking forward to a few weeks on the beach to replenish and get rested up for what the Mayans keep saying is going to be a wild 2012.

With or without the Mayans, it is going to be wild though.  At the rate the euro is going, it may not make it through to 2012.  TDV subscriber, Stefan S., sent us these two photos from Frankfurt airport which may already show that the designs for a hyperinflating 10,000 euro note are already in process.

Here's a close-up:

While that is obviously just a typical government warning to declare your currency (always the first step prior to currency controls) and is obviously just a photoshopped mock-up, they may be ahead of the game by designing a 10,000 euro note.... soon that might be what it takes to buy you a weiner schnitzel and an ice-cold Hefeweizen.

Seriously, however, we are walking the razor fine line of euro collapse at the moment.  And, a collapse of the euro would all but set off a complete monetary system collapse that would bring down virtually all western fiat currencies and result in a depression unlike anything we've ever seen before.

From our perspective, as dollar vigilantes, we are prepared for whatever happens.  If the euro collapses and brings down the financial system, instantly impoverishing hundreds of millions, we have the majority of our assets in hard assets and many of us have already moved out from population centers.  For those who remain, they should hopefully be as prepared as possible with a few months worth of food, water and some weapons to stave off the hordes.

And, if they paper over the euro, yet again, then that means we are headed for another year or two of rising inflation that will likely result in a gold stock mania bubble unlike any in history... at that point we'll be looking for 1,000-10,000%+ type returns on our gold stocks (which are 30% of our general portfolio) and then we'll look to cash in our profits and get into hard assets again before the next collapse.

All in all, it is not easy times for investors/speculators.  There isn't a lot of historical data for what works best during a global monetary system collapse... so, all we can do is hedge our bets and do our best to adapt to the constantly changing landscape and try to avoid the traps, mostly laid by our own governments to confiscate our wealth, along the way through geopolitically diversifying our assets, second passports and the like.

As Richard Russell once said, in times like these, the person who loses the least, wins.  Many of our friends and neighbors - those who roll their eyes when we talk about things like this - will be wiped out completely.  And, Occupy Wall Street is already carving their knives for anyone who has any remaining assets - as is usually the case during the collapse of a socialist-style system.

And, that is if the US doesn't enter the world into World War III in the meantime as the Prince of Peace, Barack Obama and the psychopathic murderer, Hillary Clinton, romp around the world sabre-rattling and provoking almost everyone, from the Chinese, to the Russians to the Arabs into an all-out, world-ending, nuclear armageddon.

So, especially for our American friends this week, enjoy your time with your friends and loved ones this Thanksgiving... we should all do the same, not just on special occassions, but everyday.  We live in incredibly dangerous times... and not for the things that the government tells us, such as terrorists.  It is dangerous because of all of the things the governments have been doing.  We may be nearing the end of the failed nation-state experiment and are headed towards a time of unprecedented peace and prosperity but these nation-states never seem to go away quietly.

SAN FRANCISCO HARD ASSETS SHOW

I'll be speaking with my presentation "Escape from America" at 7:40am at the Hard Assets show at the Marriott Marquis in downtown San Francisco.  I'll also be making an unscheduled appearance on the Keynote panel entitled "Up and Comers" at 5:30pm on Sunday, with Chris Berry, David Franklin and moderated by Gordon Holmes.  I have no idea what that panel is going to be about but I doubt it will be as pornographic as it sounds.

I'll also be at the show at our booth most of the day Monday.  If you will be at the show, please drop by and say hi.  We may be organizing a dollar vigilante meet-up this weekend.  If you are interested, email us at tdv@dollarvigilante.com.

NEW EDITORS/CONTRIBUTORS

We received an email monsoon of responses to our request for interest in being an editor for TDV as well as contributors.  Due to the massive amount we have decided to wait until December, when things will be quieter for us, to go through them all.  So, if you sent us an email and haven't heard a reply, that's why.

However, for anyone who wishes to contribute, feel free to send any article submissions our way.  If we find the article is interesting and in-line with our anarcho-capitalist worldview, we'll publish it.  Already, we published one article this month from Alexander Jousse, entitled "Italy a Perfect Example of the Despotism of Democracy".  Alexander is now our official Italian TDV correspondent... which comes in handy because it is good to have like-minded people on the ground in many of these countries to keep an eye out for change in this rapidly developing western monetary system collapse.

HAPPY THANKSGIVING

To all those in the US, Happy Thanksgiving.  Below are two of our favorite Thanksgiving-related "Pepper Spray" mock-pieces, followed by one non-Thanksgiving related one, just because it is funny.

HAVE A GREAT WEEKEND

That's all for this week, have a great one!

Comments (10)

Claymore's picture

LOLOnly cowards, refuses challenges!Good luck with the chalange of your life, Jeff!

Christian's picture

Jeff, in your opinion, do you think that the Euro will be hyper inflated, or just be ditched?

Jeff Berwick's picture

Hi Christian, there is no way to know... it's in the hands of a bunch of thieves and criminals (politicians and central bankers). History shows politicians favor hyperinflation over collapse but the Germans are making this interesting because of their understanding of the dangers of inflation, probably because they've already gone through it at least once, with Weimar.

Claymore's picture

There is also another cenario that isn't much talked about... which is the EU core countries leave the Euro, Euro remains as a peripheral country currency and devaluates, which makes easier to pay the debt. Although, this might raise a problem for the core countries that leave, which is the creation of a new currency that will end up to be so strong, creating difficulties with the exportations. Although i'm betting more on money printing and debt restructuring... banks will probably be forced to loose money and that will extend to every place on Earth. Sorry US Americans, but you started first...

jipangu's picture

you are the wisest of men but like most men when it comes to women you are a fool do not get married jeff.

Bill Lodderhose's picture

Jeff, congratulations on your soon to be wedding day. Great work here on your site once again. I'm assuming you've already seen this link, however in case you haven't it's very shocking, though not that surprising just how far things are going these days. If this Law passes, it's game over for anyone stuck in this country. http://www.lewrockwell.com/blog/lewrw/archives/99454.html

Gerard Brightman's picture

Another adventure! Who's the lucky Mexican girl?The pics are so funny!

mava's picture

Jeff, my antivirus reports a problem with your "../blog" part of the site. It says there is "HTML/Iframe.B.Gen virus". This is strange, and probably a mistake, but I just wanted you to know. I use eset.com NOD32 Antivirus v5 for windows.

Thomas G. Brown's picture

As always a great article. Really like the statements about gold stocks and then taking profits and the need to be prepared for the upcoming collapse of the world economy. I am working on getting people together to create a group that will work to help each other with sustainability when the SHTF.

Claymore's picture

As always, a controversial article about the Euro collapse pre-announced a bunch of times, like the US Dollar collapse. I don't believe it will simply collapse, it will probably inflate.. and a lot. Powerful banks and to many powerful and influential people don't want an Euro collapse.Anyway, that is not why I'm writing this comment. Europe is very different from US, too many different countries, different languages, al long existence history and much smarter people. What i wanted to ask is about the OCW. Sometimes why write bashing on the OCW movement but then, you show the Sgt Pepper Photoshop ?!? What is your position about the OCW after all?They are just protesting about a group of individuals, that mainly work at Wall Street, which are responsible for the biggest theft of the human history, which used holes in the law and used the opportunity created by the removal of the bank regulations, to enrich illegally.Please, tell what you really think about the OCW movement and why do you say that this is the collapse of a socialist style system, when the american system was always a capitalist system (which is also on the verge to collapse).PS: This is just a thought that I had today.Unregulated corporations + Private Army's = Fascist Governments

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