Posted on 05/20/2010 7:35:12 AM PDT by Neville72
LOL
Ping to read later
Excellent time to have a president that hates America ain’t it?
Let’s see now..ammo, guns, silver, food, water-—yep. Bring it on.
We bought our farm in Central Kentucky last year. Even got the $8,000 from our rich uncle Samuel. Last fall we moved from our five bedroom house in the Seattle area to a one bedroom condo across the street from my corporate offices (saving $1,000 a month). We sold most of what we had on Craigslist or at a garage sale. We kept the things of real value and family stuff and put it in a $70 a month storage unit.
Last month I notified the office of my vacation coming in the last two weeks of June. We’re renting a U-Haul truck for around $1,200 and driving our stuff to the farm that week and flying back up to Seattle. The only things left in our condo will be our old mattress and bed springs, our 32” tv and VCR, a couple of chairs and some plates and silverware.
I’m actively pursuing (via Monster) any job in my current trade (IT Business/systems Analysis) and am already getting a bunch of hits for the large cities in Kentucky, all within about 1.5 hours of our place, max.
When we bought that farm, things fell into place so amazingly that many people said it was a “God” thing. I was one of the last to come on board with that belief. But I did around the time the sale went through (we had agreed to buy it “on a handshake” in October of 2008). The way our plans have come together relative to how world events have played out is spooky. I didn’t even know about the $8,000 until the banker mentioned it to me while we were closing. :)
I have been predicting some of these events for a couple of years and all my friends have been laughing at me...I guess that was the underlying message to my comment...I hardly realized it as I typed.
After the first drop, and they did not believe me, ahead of time, they have been less sceptical.
I have been telling them I have “seen” a market number starting with “3”, I can’t blame them for wondering, but I did get calls last drop...”Is this it?”...
“No not yet” and they went right on investing.....I can not get them to even protect their profits. Pure GREED ?
I never thought I would live to see these times. Well, I am so old, maybe I won’t! now that is really LOL!
Personally I just think a sense of humor in the face of an insane world is a very valuable commodity that can’t be taken away.
>>So, the big question is: how many of those financial types (investors, market gurus) have heavy short positions on the market? That will be the big differentiator between fearmongers and real prophets.<<
This one is the spookiest considering the age of the prediction:
Igor Panarin
In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June – start of July 2010, as he specified on 10 December 2000
You say this could not be foreseen, but actually many did. My wife was a real estate agent for a short time a few years ago. I was one for a couple of years before Y2K when the computer consulting rates became so stupid high that I went back into it.
One of the main reasons my wife got out was when she saw lending institution increase the "percentage of income" for a house payment to 50%. There was no doubt in our minds that it would flood the market with buyers and drain rentals, for everyone KNOWS the american dream is to own your own home. ;) Meanwhile, my wife and I, after owning for 20 years, started renting and now pay approximately 1/3 what it would cost to own the home we occupy. And I can bicycle commute the 8.4 miles to my office in Bellevue.
We also knew that this would certainly result in increased foreclosures down the road and a lot of hurt people. Little could we imagine that this was just the beginning of the "creative" steps that would be taken to inflate a credit bubble that would eventually bring down the economy of the entire industrialized world - along with a lot of wanna-be nations.
Yeah, I'm speaking of the near future there.
I, and several others were saying, back in Spring of 2006, that it was "possible" that this thing could be as bad or worse than the great depression. We were, of course, villified. We didn't necessarily believe it ourselves, but we knew that it was, in fact, a real risk. Well, now a day does not seem to go by where some statistic is quoted as "worst since the great depression". It is not just a bunch of spinners saying this. It is simply true and should not be ignored.
We are living in interesting times, but they are gonna get "interestinger".
Spooky, yes, but of all the predictions up there, the least likely to happen. The US isn’t going to split anytime soon, certainly not a month from now.
Rather than predicting what will happen, or when, it is far more important to discuss what *might* or *should* be done to give the country the fastest possible recovery.
1) Renounce the US National Debt. This has been done by other countries, and while it would kill a lot of our foreign trade, especially oil imports, except for commodities swaps, it would “reset” international economics. Most of the money invested in sovereign debt is “profits”, not core economic funds, so while this would be painful to just about everyone, it wouldn’t be catastrophic, and would begin a return to stability.
2) End all government largess to individuals. In the US, this means Social Security, Medicare, Medicaid, Obamacare, and a bunch of others. There was a final effort to return such programs to order some years ago, with “means testing”, which was rejected, so now we have to essentially end those programs abruptly.
3) Essentially, and I mean this especially to REPUBLICAN politicians, cutting off direct largess to individuals does NOT mean cutting off aid to the destitute. If they want to be heroes to the nation, they must distribute, through the States, what America has in abundance, to those in need.
The most important thing is food. America, even during the Great Depression, was overburdened with a huge surplus of food. Each year, hundreds or even thousands of tons of excess food rots. So for heaven’s sake, REPUBLICANS should insure that everybody who needs food gets it. Failing to do so promptly was one of the biggest reasons REPUBLICANS have been hated by many since the Great Depression. So REPUBLICANS should not make the same mistake again.
Another thing that the government can do much to help is housing. With a huge surplus of empty housing, vast numbers of Americans can be put into homes if need be. But this must be done intelligently. There must be time limits, and people will only get equity in their homes once they get jobs. But then they will get equity, which will encourage them to maintain their homes.
4) Currency reform. Right now, the Democrats are probably figuring on hyperinflating the currency, then periodically renumbering it, lopping off several zeroes, then hyperinflating it again.
A far more sensible approach would be to do the opposite, by restricting how electronic currency can be used for speculative purposes, to cause a serious deflation of cash. This could be done quickly with a 1 for 10 deflation, that is, a dime can buy what a dollar could buy. Then replace much of our coinage with plastic coins, as is done in Japan.
This would be very punitive to many reckless speculators, as there is not enough cash right now for them to swap for their electronic money, before the official deflation happened. So most billionaires would become “hundred millionaires” overnight. In truth, they would not lose anything, but they would not profit, either.
5) Credit reform. This means a return to the good old days of credit being only “for those who don’t need it.” Most people would still deal in debit, but credit cards would be few and far between.
6) Government reform. There is a whole lot of work needed here, and the federal government is unlikely to be able to do it itself, so the individual States should consider doing it for them. It will just be better for all concerned.
Isn’t it interesting that someone just stole 5 paintings, worth $600 million from a Paris museum? Experts are calling it “a hit list of the top 5 artists who mattered in the 20th century.” They’re confused because they don’t understand why anyone would steal them. They can’t really be sold on the black market because they’re so important to art history.
(Puts on tin-foil hat)
Preservation of important art by someone in the know?
(Takes off tin-foil hat)
The part that was spooky was the timing. ;)
BLOAT!
So let me ask opinions here: With the threat of hyperinflation and the inevitable crash of the dollar, would it be in our best interest to purchase a property (with acreage), or to remain mobile (renting)? We already have PM and food investments, but I really want our $$ out of cash. My thought would be that by jumping on the current low interest rates, hyperinflation would help us pay off debts faster. On the other hand, a sailboat and a secluded island sounds nice. (We have no debt right now....)
Good deal...sounds like a plan coming together.
For all you worried about Barry I wouldn’t be. You’re most pressing need will be to survive and, unless you have a death wish, that’ll consume all your waking hours. Barry, progressives etc will all be academic. Barry may huff and puff but in the event of a *real* emergency the fed will collapse under its own weight and incompetence. Perhaps state and local governments will still exist but I suspect if they’re heavy handed they too will be short for this earth. Frankly, if the predictions are correct it’ll be every man for himself. At any rate I really hope those predictions are very wrong b/c no one here will like the outcome.
But really .... Remember that lots of FReepers have Armageddon fantasies. They like the idea of holing up in their compound and living off the land and occasionally stopping their idyllic life to shoo away some itinerant liberals that come begging for help.
I think that the reality would be a whole lot less pleasant but that's just me. To each their own.
I'm worried enough about the possibilities advanced in this thread to be prepared, but not worried enough to lose any sleep. And, let me qualify this statement by saying that I was also prepared when the economy was rolling along and there weren't any problems at all.....
“Excellent time to have a president that hates America ain’t it?”
Never a good time ~ but need to be prepared either way.
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