Posted on 01/29/2013 7:07:26 AM PST by blam
All the ObamaBot cheerleaders on CNBC, who didn’t foresee the financial collapse in 2008, are whistling “Happy Days Are Here Again.” They won’t see the next collapse coming, either. Bernanke, the Man Behind the Curtain, will be seen as a fraud in our lifetime.
Milton Friedman predicted today’s happenings fifty years ago. If you borrow heavily, debase the currency and deficit spend wildly, you will temporarily see upticks in economic parameters and a rise in the stock market. However he gravely cautioned that there was no real corresponding production of wealth from all the financial gimmickry. Eventually the stock market will descend rapidly and the country will be worse off.
That’s why this Uncle Miltie is heavily in cash and more out of stocks than at any time in his life.
RIP MF
Few are those who are not blinded by self interest.
Not saying bad economic things won’t happen, but it really doesn’t help to continually announcing that doom and gloom is coming... in the next 6 to 12 months.
This has been going on now for years and people are just weary of hearing that there is an impending disaster... in 6 to 12 months. And this cycle of warnings seems to keep perpetuating.
I take this whole thing seriously enough that I moved from my 45 year home of Seattle to a small farm in central Kentucky. I bought it two weeks before the 2008 election - and I expected McCain to win! ;-)
Someone said that these sorts of things always take longer to come about than the predictors anticipate, but once they do come about, they unfold with such rapidity that they catch everyone off guard.
I LOVE my new home. I hope the doom doesn’t happen but I still strongly believe (more than ever) that it will and it will produce suffering on a global scale not seen by mankind in history.
And I expect it this year - but I could be wrong. I’m amazed at their ability to continue kicking the can down the road. But the road really DOES come to an end and the longer it takes to get there, the more it’s going to hurt.
I too am prepared, it's just that it gets tiring living under a cloud. At some level you have to prepare all things as much as possible, maintain your close relationship with the Lord, and live your life. That's all I'm sayin’. Best to you.
When the debt bomb explodes and hyper-inflation is a reality, you will wish you had gold.
You did the right thing. We are preparing to flee to a rural retreat also. This thing is going to unwind at some point in the near future. Better to be prepared too soon than not soon enough. My personal guess is the govt will be able to keep it cobbled together for another 18-24 mos. After that I wouldn’t bet on it.
People that looked at us like we were nuts a couple of years ago are now stockpiling food and the where with all to protect it like there is no tomorrow.
People that looked at us like we were nuts a couple of years ago are now stockpiling food and the where with all to protect it like there is no tomorrow.
That is one of the most telling signs, and I’ve experienced it too. I used to be a “lone nut”. Not any more. And around here, all the locals are talking about what’s happening in the same way I was talking about it five years ago.
It’s not a matter of “if”, but “when”. And even then, the “when” will be in a pretty narrow window. At the very latest, I would say some time within the next four years of Obama’s presidency.
Feel it’s my duty to mention living aboard a boat is an ideal platform for survival/retirement for those who love the water. Texting this from aboard my 30’ sailboat in FL.
Apr 12, 2012 - 03:17 AM
By: Bloomberg
Stock-Markets
Best Financial Markets Analysis ArticleEconomist Gary Shilling spoke about the outlook for the U.S. economy with Bloomberg Television’s Adam Johnson and Stephanie Ruhle this afternoon and said that the S&P 500 will drop 43% from its recent level this year. Shilling said, “the analysts have been cranking their numbers down...I think that is true because you have foreign earnings that don’t look good because of recession unfolding in Europe, stronger dollar...a hard landing in China.”
I thought of that but sailing is too difficult and a diesel motor needs diesel fuel. Plus a steady diet of fish could get dull.
No offense intended.
I’d rather have land planted in perennial crops that would provide me with food and a good water source, solar water pumps. A tractor with 500 gallons of diesel fuel in storage. Lastly, prepared neighbors that would help fend off those who would take what we all have.
I can imagine sitting around with family staring at the gold as we slowly starve as there is no food to buy.
Weary?
You're not weary.
You're always one of the first on these threads trying to tell other people what they should or should not post.
The MSM is in a 'full-court-press' telling everyone that things are okay now. Things are not okay.
This post is a counter point to that view and I will post them as often as I desire.
If you're so weary, quit clicking on the threads and trying to disrupt them.
I have all that plus gold and silver. The Road Warrior Zombie Apocalypse scenario, if it even sinks that far, will not last long. America will bounce back and precious metals will quickly replace barter items.
When a majority thinks “it’s different this time” that’s when it crashes.
I've considered a houseboat up some of our inland waterways as a 'bugout' location. It may still be a good idea but, I've decided I'm getting to old for that.
Good luck. There are other FReepers who have sailboat refuges.
I just bought more junk silver dimes to add to my stash.
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