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Keyword: collapse

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  • Total Collapse Cannot Happen in America!

    06/30/2012 8:17:06 PM PDT · by John Leland 1789 · 69 replies
    Email Subscription From Dr. Boys | June 30, 2012 | Don Boys, Ph.D.
    “Total collapse can’t happen in America because I don’t want it to. Plus, it has never happened before so it can’t happen. I feel warm and fuzzy about our future.” That is called, the “normalcy bias” and will end up killing many Americans when financial depression and inflation take control. When hyperinflation smacked Germany in the 1920s, Germans carried a bag full of German marks to purchase a loaf of bread. One family took a wheel barrow full of money to the grocery store for their weekly supplies but could not get the wheel barrow through the door. Leaving the...
  • Elliot Lake mall search crews consider 'extreme measures'

    06/26/2012 9:49:02 PM PDT · by Fire_on_High · 7 replies
    CBC ^ | June 25, 2012
    Rescue crews are preparing to take "more extreme measures" to continue search and recovery efforts at a badly damaged Elliot Lake, Ont., mall, an emergency official says.
  • 120 Powerful Pieces Of Advice For Preppers

    06/22/2012 2:26:35 PM PDT · by blam · 50 replies
    The American Dream ^ | 6-22-2012 | Robert Wenzel
    120 Powerful Pieces Of Advice For PreppersRobert Wenzel June 22, 2012 Our world is becoming increasingly unstable, and millions of Americans are feverishly preparing for what they consider to be "the end of the world as we know it". In fact, it is estimated that there are now approximately 3 million "preppers" in the United States. But for people that have never done much prepping before, getting started can be both confusing and intimidating. In fact, I get more questions about prepping than anything else. People are constantly asking me how they can prepare for the difficult times that are...
  • Greece Dodges Leftist Bullet, But Bigger Battles Loom

    06/18/2012 5:43:08 PM PDT · by Kaslin · 1 replies
    IBD Editorials ^ | June 18, 2012 | Editor
    EU: Staring down the abyss of isolation offered by the far left, Greece's voters had the sense to pull back, electing a pro-bailout center-right party in Sunday's vote and staying in the euro. But are they ready for real austerity? As surprising and relieving as it was to see Greeks vote for the New Democracy party which took 29.4% of the votes in Sunday's multiparty election, the result is the best of bad alternatives. Voting in New Democracy for a second time since the government failed in May bought time, but the real issue is whether Greece has the will...
  • Europe: She’s Come Undone.

    06/18/2012 5:35:32 PM PDT · by Lowell1775 · 8 replies
    Open Source Survival ^ | June 17, 2012 | Ronin Gael
    snip.... Old News and Current Events: I have written before that the fundamentals of the Euro and European Union didn’t bode well. They still don’t. Each step of these “rescues”, Iceland in 2008, Ireland in 2009, Portugal in 2011, Italy and Greece in 2011 and 2012….and now Spain ….are all just shocking the dying patient back to life for a few more moments of pain and chaos. The inevitable and permanent straight-line on the EKG is coming. It will be a collapse of the Euro and a financial crisis of a size not seen since WWII or the Great Depression....
  • Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of Europe

    06/18/2012 7:30:55 AM PDT · by blam · 26 replies
    TEC ^ | 6-18-2012 | Michael Snyder
    Forget The Election Results - Greece Is Still Doomed And So Is The Rest Of EuropeMichael SnyderJune 18, 2012 The election results from Greece are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party will have about 130 seats in the 300 seat parliament, and Pasok (another pro-bailout party) will have about 33 seats. Those two parties have alternated ruling Greece for decades, and it looks like they are going to form a coalition government which will keep Greece in the euro. On Monday we are likely to see...
  • Greece Election Results- LIVE THREAD (polls Close at 11AM EDT)

    06/17/2012 8:05:24 AM PDT · by tcrlaf · 142 replies
    Various | 6-17-12 | TCRLAF
    Here we go again, Groundhog Day. And likely with almost the same result as last time likely. Interesting quote: Condemning the outside interference in the election, Greek blogger Nick Malkoutzis, who is also deputy editor of deputy editor of Kathimerini English Edition, writes that "Europe that has become scared of democracy". UK Guardian is Live-Bogging, with updates every minute: http://www.guardian.co.uk/world/greek-election-blog-2012/2012/jun/17/greek-elections-greece-polls-live?newsfeed=true
  • U.S. Government Debt Goes From Frying Pan To Fire

    06/17/2012 6:22:21 AM PDT · by blam · 22 replies
    TMO ^ | 6-17-2012 | Andy Sutton
    U.S. Government Debt Goes From Frying Pan To Fire Interest-Rates / US Debt Jun 17, 2012 - 01:44 AM By: Andy Sutton This morning, the Treasury Department almost gleefully and proudly announced that foreign holdings of US Debt had hit a record high during the month of April and that bond heavyweight China had upped its holdings after trimming for two straight months. This dovetails nicely with a story that was published earlier this week about the federal reserve and its own holdings of US Debt, which have increased over 450% in the past three years. And no, that is...
  • The Ultimate Preppers – They Were Preppers, But Didn’t Know It

    06/16/2012 7:52:37 AM PDT · by blam · 56 replies
    SHTF Plan ^ | 6-16-2012 | Norse Prepper - Mac Slavo
    The Ultimate Preppers – They Were Preppers, But Didn’t Know It Norse Prepper June 15th, 2012 www.SHTFplan.com (This article has been shared with the SHTFplan community by longtime contributor Norse Prepper.} It always frustrates me when I turn on the television, read a newspaper or any other source of main stream media that is running a story on preppers. Invariably, with any television series or special, it is promoted with pictures of people with gas masks and AK 47’s talking about how they intend to kill zombies when the golden horde arrives upon their doorsteps when the SHTF. The most...
  • Drachmageddon? Middle-class poverty. Feral Gangs. Neo-Nazis. Athens Waits For The Volcano To Explode

    06/15/2012 9:02:11 PM PDT · by blam · 65 replies
    The Daily Mail ^ | 6-15-2012 | Robert Hardman
    Drachmageddon? Middle-class poverty. Feral Gangs. Neo-Nazis. Athens Waits For The Volcano To Explode By Robert Hardman 15 June 2012 Antonis Perris was a devoted son. When his elderly mother was diagnosed with Alzheimer’s four years ago, there was no question of putting her in a state facility. He would care for her at home in Athens and they would face the future together. But then things started getting very much worse. ‘The problem is that I was not prepared when the economic crisis hit and I do not have enough money in my account,’ wrote the 60-year-old unemployed musician. ‘My...
  • Bank Of England Announces Big New Liquidity Plan

    06/15/2012 11:45:08 AM PDT · by Errant · 8 replies
    Business Insider ^ | Jun. 14, 2012, 4:12 PM | Simone Foxman
    The Bank of England announced this afternoon that it would attempt to flood banks with cheap cash in order to stave off tensions in the interbank credit markets, according to Dow Jones. This report followed rumors of coordinated central bank action to bolster liquidity across the world, however the BOE's plan appears to be much more U.K.-centric.
  • ROUBINI: Dark Clouds Are Gathering Around The World

    06/15/2012 10:32:15 AM PDT · by blam · 9 replies
    TBI ^ | 6-15-2012 | Mamta Badkar
    ROUBINI: Dark Clouds Are Gathering Around The World Mamta Badkar June 15, 2012, 10:15 AM Dr. Doom Nouriel Roubini is once again warning of a perfect global storm in 2013. In his latest Project Syndicate column Roubini warns of dark "financial and economic clouds" from Europe, the U.S., China and the Middle East. First, he says the eurozone crisis is worsening, the fiscal and sovereign debt crisis and the problems in its banking sector are worsening. In fact he says, eurozone might need a bailout of its banks but also a sovereign bailout. "As a result, disorderly breakup of the...
  • "Due To The Extreme Volatility Some Market Analysts Foresee..."

    06/13/2012 10:38:06 PM PDT · by Errant · 15 replies
    Zero Hedge ^ | 06/13/2012 | Tyler Durden
    Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
  • Going Deep: “It’s Entirely Possible That Nowhere in North America is a Safe Redoubt”

    06/13/2012 9:08:22 AM PDT · by blam · 80 replies
    SHTF Plan ^ | 6-13-2012 | Eric Peters
    Going Deep: “It’s Entirely Possible That Nowhere in North America is a Safe Redoubt” Eric Peters June 13th, 2012 Eric Peters Autos Comments (54) Read by 3,448 people Some friends have been actively talking about their Exit Plans – about getting out of this country before the curtain goes down. While there is still time. They believe the situation to be hopeless. That despite the upwelling of liberty-mindedness among some, the vast majority of Americans are not liberty-minded. That Americans – tens of millions of them – are stupid, unreachable, mean, irrational, authoritarian-minded Babbits and poltroons. People who always speak...
  • Greeks are pulling cash out of banks, stocking up on food in panic ....

    06/13/2012 8:07:01 AM PDT · by TigerLikesRooster · 92 replies
    Financial Post ^ | 06/13/12 | Dina Kyriakidou and George Georgiopoulos
    Greeks are pulling cash out of banks, stocking up on food in panic ahead of make-or-break election Sunday Dina Kyriakidou and George Georgiopoulos, Reuters Jun 13, 2012 – 8:41 AM ET ATHENS — Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the euro. Bankers said up to 800 million euros (US$1 billion) were leaving major banks daily and retailers said some of the money was being used to buy pasta and canned goods, as fears of...
  • It Starts: The Government’s Plan To Steal Your Money.

    06/12/2012 9:01:19 PM PDT · by blam · 34 replies
    Sovereign Man ^ | 6-12-2012 | Simon Black
    It Starts: The Government’s Plan To Steal Your Money. Simon Black June 12, 2012 New York City There are consequences to being flat broke. There are consequences to investing any level of confidence in a financial system underpinned by debt and the creation of paper currency. There are consequences for ignoring reality and pretending that everything is normal.This is one of them: European officials yesterday flat out admitted that they were discussing rolling out a series of harsh capital controls across the continent, including bank withdrawal limits and closing down Europe’s borderless Schengen area. Some of these measures have already...
  • The Economic Collapse Is Not A Single Event

    06/12/2012 10:46:39 AM PDT · by blam · 47 replies
    TEC ^ | 6-12-2012 | Michael Snyder
    The Economic Collapse Is Not A Single EventMichael SnyderJune 12, 2012 Many people hype "the coming economic collapse" as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single day or over a few weeks and that it will suddenly change how the entire world functions. But that is not how the financial world works. The financial world is like a game of chess - very slow and methodical. Yes, there are times when things happen very quickly (like back in 2008),...
  • At least 18 missing, 1 dead after Nevada tunnel collapse

    06/11/2012 6:12:25 PM PDT · by Doogle · 9 replies
    FOXNEWS ^ | 06/11/12 | FOXNEWS
    DEVELOPING: At least 18 people are trapped and one person is dead after a tunnel under construction collapsed in Nevada, the National Park Service says. The tunnel project in Lake Mead, where the collapse occurred, was created to deal with ongoing drought conditions in the Southern part of the state, Fox 5 reports.
  • The New Terrapin Gazette Number 253

    06/11/2012 6:44:16 AM PDT · by Jeff Chandler · 2 replies
    The New Terrapin Gazette ^ | 6-11-2012 | LBB
    The core issue is whether Muslims shall be permitted to import into the West the teachings, ethics and demands of their religion. Those who answer in the affirmative do so from within a context that respects the right of the individual to profess his chosen spiritual teaching. Of course religious Liberty is fundamental; that noble sentiment is enshrined in the US constitution. It is one of the foundational tenets of a federal democratic republic that imposes absolute restrictions on its central government: hands off freedom of speech, press, and religion. This respect for human rights leads to an inescapable conclusion:...
  • Here Are The Historical Odds Of A Deeper Pullback...

    06/08/2012 3:59:20 AM PDT · by blam · 3 replies
    TBI - Pragmatic Capitalism ^ | 6-8-2012 | Cullen Roche
    Here Are The Historical Odds Of A Deeper Pullback... Cullen Roche, Pragmatic Capitalism June 8, 2012 Here’s some pretty good historical data via Raymond James and Market Montage on the odds of a deeper market decline: “Some interesting data from Jeff Saut of Raymond James if you are a data hound like I am. Since 1928 there have been 294 pullbacks of at least 5%. Ninety four of them have been moderate (>10%), 43 have been severe (>15%) and 25 have been bear markets (>20%). So in a statistical sense once you hit the 5% threshold your chances of a...