I agree with Schiff that we are heading for disaster, I only wish I knew how to save my savings.
When governments stand to lose the most with interest rate hikes, you can bet interest rate hikes will be very late occurrences.
Banking and Government are fingers on the same hand pulling together.
The struggle begins.
We already hit our heads on several balconies (some more stealthy than others).
And that is why when the “crash” comes, regular folks will have been squeezed quite enough already.
I have this feeling its very imminent, and that I need to liquidate some possessions very soon and just leave the country for about two years.
Nobody is fighting, nobody gives a damm and or trying to even organize any movement. I don’t see any mass resistance, no Revolutionary forces mustering or marching, everybody is too dammed scared to go up against Obama, and those that say they will though numerous have no collective goal and thus will never amount to anything more than a bug smear on a windshield.
It will either usher in a new birth of Freedom, or a great Tyranny. Either way, I hope it happens in my lifetime and not my children’s.
Meh. From October of 2008:
Ive been saying five things for the last year or two:
1. This thing could get as bad as, or worse than, the great depression (GD).
2. The GD ended with WWII.
3. The US is a form of worldwide empire with colonies like South Korea, Taiwan, India, Etc.
4. As the world economy collapses, countries like NK will be both desperate and emboldened to take military action against one of our colonies in near proximity. The result could actually ultimately end up with a hot war fought on US soil. Im talking about the 50 states.
5. Somewhat related to the four but more domestic in scope, expect a serius (sic) uptick in domestic violence, divorce, murder and various other crimes.
He was wrong about the rioting, but he explains why later in post 20.
The Crisis Is Imminent: When The Real Crash Comes It Will Be Worse Than the Great Depression
The United States is like the Titanic, and Im here with the lifeboat trying to get people to leave the ship I see a real financial crisis coming for the United States.
Peter Schiff August 2006
I was just mentioning to someoen this weekend that one talking head said, a couple of hears ago, that these things always take longer to happen than those that see it coming think it will, but once it does happen it unfolds with a rapidity even they did not expect. Have you ever laid on the ground during a rainstorm and watched a raindrop come toward your head? It seems to cover the last foot a hundred times faster than the distance before it.
I’m already seeing it speed up. Even NPR’s in depth report yesterday about the fallout from obamacare was extremely gloomy. And yes, I think Obamacare could be the straw that broke the camels back, mainly because it’s really a bundle of rebar. Extra thick.
“It’s not the fall that kills you; it’s the sudden stop at the end.”
This whole thing is like the joke about a man jumping off a 100 story building. As he passes the 10th floor, a guy yells out a window, “How’s it going?”. The jumper yells back, “So far, so good.”
We are the jumper and we just passed the 5th floor, and Obamacare is like the anvil Bugs Bunny hands his falling pursuer, causing rapid acceleration.
Yes. It’s gonna hurt.
I do think the economy is tanking under these dangerous circumstances and I do expect the stock market to crash, but I'm wondering how long lived the crash would be.
Can any economists out there explain to me how the stock market could remain flat in an inflationary environment?
It will be worse because, unlike during the depression, most people cannot live off the land. Although there were many that lived in the cities in the 1930s, we still had a substantial number of Americans that had farming and other survival skills.
Is there a link?
My disposable money is going into more preps at all levels. I'm using money to be able to grow more food, buying more medical preps (includes more over the counter meds), more nonperishable food. I can't produce as much food as Johnny or greeneyes so more nonperishable food is a backup. I have enough for me, but I know in a very bad situation, the two liberals I consider family, will show up with nothing, plus my son will show up with nothing.
The sister-in-law’s and husband's minds are completely closed to anything adverse happening. They understand preps for a hurricane here as I've been through those before with preps and they know it. But they don't get having more than a week preps for me and they have none.
The sister-in-law of the group is an easily frightened person. Power went off one time when she was here and she freaked out. Now, she won't go to bed here unless one of my flashlights is beside her bed as she is sure power will go off again. If power went off everywhere, she would crawl here because she knows she will be safe in my house. Until that time happens, she thinks I am nuts.
A few of you have said you would like to live close to me. Compare your feeling about that to the liberal sister-in-law and husband who think I am nuts. Although they have been here many times, they never ask me to tell them all I have. I think they are afraid to find out because they might have to think something could actually happen. Talk about normalcy bias - they won't even consider something could happen.
At some point, they talked among themselves because the next time they came, they said they had decided the only threat was global warming - I didn't argue the point as one cannot change liberal minds and they are the best examples of liberalism on the face of the earth. They live in delusion - a fake world in their mind.
They live on the Texas coast with nothing stored. It takes five hours to get to my house. He thinks he has that covered as he, as a volunteer, goes to a hospital there to run their emergency communications in case of a hurricane. He think he can take the wife there and they will live in the hospital. What if the hospital uses someone else for communication? What if they won't let the wife be there?
They are depending on other people to save them and that's a very bad idea. I expect them to come here if the hospital plan doesn't work out.
Strange, isn't it? They think I'm nuts, but would drive here as fast as possible if there was an emergency.
Do any of you have family you would save even though they think nothing will ever happen and they think you are crazy to have preps?
I was going to freepmail but thought others could benefit as well.
I tried to make some sour sourdough today with limited success. The loaf rose fine, the texture is dense and divinely chest, the crust is brittle and crunchy - but there is only a hint of sourness.
I fed the starter 3 times before using - using a small amount of rye flour which really made it smell more sour. Then I let the sponge rise 24 hours at a cool temp (I read that slow long risings at a cool temp increases the sourness so I used my wine frig at the highest temp setting for the risings -neat to make it a Multi-tasked since I got the wine frog to age my cheese in.
But I digress. Then the dough - made with the sponge, water, flour, and salt - rose for 5 hours, taking it out and folding it twice to give it strength since I made the dough a wet one. Then formed the loaves and let them rise overnight in the frig . Baked at 450 with a pan of hot water on the bottom rack for steam.
My starter is from Carl ‘s sourdough and is pretty well known.
Any ideas would be greatly appreciated. I thought preppers might be interested since a starter eliminates the need for commercial yeast. It can be dried and will last for eons. I have buckets of wheatberries stored, so if I have the starter, water, fire and my lodge dutchoven - I can have bread.