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Are You Prepared For What’s Coming?
The Market Oracle UK ^ | November 16, 2011 | Michael Burnham

Posted on 11/16/2011 1:18:45 PM PST by blam

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To: blam
So if you were economic adviser to the President (which ever President, it doesn't matter) what would you advise? Get everything you can, transfer it to banks in Singapore and leave the country the minute your term ends?

Let's pretend that Congress and a few hundred thousand bureaucrats suddenly died of a heart attack tomorrow and were replaced by intelligent humans; or at least humans with a basic instinctual level of sense. Is there nothing, in your opinion, that they could do to correct our current woes and pending doom?

41 posted on 11/17/2011 4:13:35 AM PST by Pan_Yan
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To: Pan_Yan

BREAK INTO ALL NEWS and publicize this as an EBS

http://governmentgonewild.org/thelist

GET OBAMA OUT

1-pay China back

2-sell all the gold in Fort Knox,
the statue of liberty
Obama’s wasteful tour buses,
take the billions Obama stole to make windmills and study chinese hookers and field mice to pay off ALL DEBT TO CHINA
—just like a household in debt.-—Sell whatever it takes to pay off debt-—

3-STOP SPENDING

4-Rescind the Dodd/Frank CRAct amendments and ObamaCare
All congress/senate takes immediate paycuts and 50% cut to staff.Make it punishable by jail for any of them too practice inside trading.Get big pharma/banks,cars and so on OUT OF BIG GOV

5-Fannie and Freddie covers all the bad mortgages.
All FHA mortgages PAID IN FULL.(SELL A FEW BEACH HOUSES IN DUBAI)PAYROLL TAX HOLIDAY FOR ALL=PAID for with Solyndra Obama stolen money

6-Cease borrowing from peter to pay freddie to pay paul to pay Fannie

7-defund the EPA open up all Obama is blocking

8-open every steel mill/foundry back up

9 tell the UN and all nations/terrorists we fund’ to GFT and too pardon us while we balance our check book

10-get wall street out of government out of Obama’s hip pocket NOW.


42 posted on 11/17/2011 4:56:27 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: blam

I searched and NO ONE posted that article.

Why?


43 posted on 11/17/2011 5:03:07 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: Dubya-M-DeesWent2SyriaStupid!
In short, we have to do the following:

1) Aggressively audit every Federal, state and local government agency for overlapping bureaucracy, agency bloat and obsolete/unneeded regulations and cut the size of government by 30% now and up to 50-60% within five years.

2) MASSIVELY overhaul income taxation to reduce yearly income tax compliance costs and encourage more savings and capital investment in the USA. This means going to the Steve Forbes 18% flat-rate no-loophole income tax starting the upcoming calendar tax year (2012) and start the process so three years from now we finally repeal the 16th Amendment and replace the income tax with something like FairTax (H.R. 25/S. 13). This would have the side benefit of making both Social Security and Medicare less necessary, since people can now create "nest eggs" for retirement and medical bills completely tax-free.

3) Implement a large range of reforms on our financial system, which includes:

a) Require all investments to have liquidity backing, or ban the investment as financially too risky.
b) Increase to minimum margin requirements for futures trading to 17%, with a 30% minimum for certain strategic items like petroleum products (crude oil, natural gas, unleaded gasoline, diesel fuel, heating oil and kerosene), certain industrial metals (aluminum, copper, iron, nickel, tin and titanium), certain foodstuffs (cacao beans, coffee, corn, millet, oats, rice, soybeans and wheat), and precious metals (gold, silver, platinum and palladium).
c) Reimpose the 1933 Glass-Steagall Act and give the "too big to fail" banks 18 months to separate out banking and investment operations.
d) Strictly ban anyone working for a government agency from owning private company stock or bonds or the ownership must be placed in special escrow account overseen by a third party.
e) Begin a ten-year phase-out of the Federal Reserve Note fiat currency and replace it with a new US dollar backed by a combination of gold, silver, platinum, palladium, copper and nickel (the most common metals used for coins and bullion blocks used in monetary trade).

4) Aggressively develop all domestic energy resources to make the USA self-sufficient in energy production. This means taking advantage of crude oil, natural gas, and coal reserves (which are still gigantic) in the USA onshore and up to 400 miles offshore, putting all that uranium and thorium into modern, meltdown-proof nuclear reactors, do large scale wind power projects in the upper Midwest (one of the best places on Earth for wind power), do large scale solar power projects in the desert Southwest (one of the best places on Earth for solar power), and even take advantage of tidal power off the US coasts.

In short, under the right leadership, the USA could become again the world's #1 economic superpower and then some, especially since our ground transportation infrastructure is still unmatched anywhere else in the world.

44 posted on 11/17/2011 5:40:08 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88

Of course I agree with all of that but what should we sell to pay off China? And what about telling the UN to GFT?And or ending billions in wasteful foreign aid we dole out constantly?


45 posted on 11/17/2011 5:45:26 AM PST by Dubya-M-DeesWent2SyriaStupid!
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To: Georgia Girl 2
So true. If you are all stocked up on that one year’s worth of food and all of the other stuff that goes with it and you have not planned for an alternative electrical system you will be sitting in your living room in the dark. When the SHTF the only people who will be able to exist in even modest comfort will be the ones with electricity. Everyone else will be in misery.

Great point, and one that a lot of people seem to overlook; especially the so-called "preppers" whose only priority is to have an arsenal of weapons and mountains of ammunition. They will be spending a lot of time sitting in cold darkness, right along side 10,000 rounds of ammo.

Electrical power is what separates us from our comfortable modern existance and 19th Century frontier living.

46 posted on 11/17/2011 5:57:01 AM PST by IDontLikeToPayTaxes
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To: Paladin2

“So, someone has an accurate, verified crystal ball that predicts the future?”

You don’t need a weather man to know which way the wind blows.


47 posted on 11/17/2011 6:02:03 AM PST by FightThePower! (Fight the powers that be!)
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To: IDontLikeToPayTaxes

“Electrical power is what separates us from our comfortable modern existance and 19th Century frontier living”

Yes washing your clothes in a pot of boiling water over a fire in the front yard is a highly overated activity. As is handpumping water from your well and reading by candle light and many other activities we take for granted. Thats why in the 1800’s the life expectancy was about 35-40. Everyone worked themselves to death.


48 posted on 11/17/2011 6:04:46 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: SaraJohnson

most people are too stupid to even figure out who is resonsible for the problems we are dealing with today not to mention a collapse.


49 posted on 11/17/2011 6:21:56 AM PST by television is just wrong
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To: lgjhn23

Bingo!!!


50 posted on 11/17/2011 6:40:17 AM PST by stevie_d_64 (I'm jus' sayin')
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To: Georgia Girl 2
Everyone worked themselves to death.

That, and cholera, smallpox, typhoid fever, whooping cough, diptheria ...

51 posted on 11/17/2011 6:44:54 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: blam
A trillion is a number so large it’s hard to grasp…The annual US federal spending is about 3.8 trillion dollars.

The speed of light in non-metric units is roughly 186,000 miles per second.

In a year, light travels roughly 6 trillion miles.

This means that the Federal government spends a dollar in less time than it takes light to go two miles.

52 posted on 11/17/2011 6:50:30 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: blam

The natural gas grid, according to those knowledgeable in the field, will run for at least a year without any human intervention. Keep this in mind. It’ll buy you time.

Make your own natural gas with two barrels and manure.

Make your own woodgas.

Make alcohol...

Lots of things available.


53 posted on 11/17/2011 6:57:26 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Georgia Girl 2; All
This has probably been discussed on previous prepper threads....what's the favored alternate electrical supply?

NG generator, solar - w/at least enough juice to run a fridge/washer? Will a NG generator even be useful when SHTF? Homemade, commercial??

54 posted on 11/17/2011 6:58:39 AM PST by Jane Long (Soli Deo Gloria!)
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To: Pan_Yan
"Is there nothing, in your opinion, that they could do to correct our current woes and pending doom?"

No, nothing.

There are some things that could be done to soften the blow but partisan politics won't allow it.

We've got to do a complete RESET.

55 posted on 11/17/2011 7:05:10 AM PST by blam
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To: Dubya-M-DeesWent2SyriaStupid!
"I searched and NO ONE posted that article.

"Why?"

I posted one like it some time back but I searched and couldn't find it on FR.

56 posted on 11/17/2011 7:08:05 AM PST by blam
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To: Jane Long; blam

NG generator and a woodgas/H2 reactor.

Run you NG generator on NG while the grid is up,
then have your woodgas reactor ready on standby.

http://gekgasifier.com/

Basically, you can turn wood scraps into electricity.


57 posted on 11/17/2011 7:08:48 AM PST by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: IDontLikeToPayTaxes; Georgia Girl 2
"They will be spending a lot of time sitting in cold darkness, right along side 10,000 rounds of ammo."

I have a friend who is presently building a wood-fired stream engine. He already has solar panels and propane/natural gas generators.

58 posted on 11/17/2011 7:13:34 AM PST by blam
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To: blam

They forgot:

Own gold - not as an investment (though it will be), but as a store of value
Get a HUGE portion of your net worth offshore into another currency. Singapore, Canada, somewhere.

The US Dollar is going to continue to suffer devaluation, and that at a faster pace.


59 posted on 11/17/2011 7:16:53 AM PST by aMorePerfectUnion (You know, 99.99999965% of the lawyers give all of them a bad name)
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To: blam
our leaders are prolonging the inevitable by continually kicking the can down the road? Which straw will it be…austerity or default that finally breaks the camel’s back plunging all into chaos that totally destroys our unique and precious American way of life?

The GOP knows it's coming sooner than anyone expects. That's why they set out to lose in 2008 in running McLame and hiding away Palin (they picked her knowing her baggage but that backfired with conservative voters). That's also why they're going to give the nod to another lame loser, Mitt, hoping to hand Soros the reigns again. They will do anything not to have the crash happen on their watch. Despite all the seats we gained, I'm suspecting the powers that be know we're on the tipping point of disaster so are convincing our side of the aisle to continue spending and spending and spending to delay the inevitable rather than trying to fix it.

60 posted on 11/17/2011 7:17:09 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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