Or is this "chicken little doom-sayers" at their worst?
It’s entirely possible that the gov is hoarding ammunition because they’re afraid manufacturers will be INUNDATED with orders from the GENERAL PUBLIC surging just prior to the election.. And also AFTER if 0bama is re-elected (just threw up in my mouth a bit, sorry).
The article forgot to include Soros’ spanish company has been contracted to count the votes.
I would point out that Soros is a multibillionaire. A shift of 50 or 100 million in his portfolio doesn’t have to signify anything except a rebalancing of a few percent.
That said, there’s plenty to make me nervous about the future.
Has nothing to do with the elections.
Gov’t ammno is a false flag.
Never before have the world markets been as corrupted as they are now.
We have Gov’t’s, central banks from around the world that, rightfully so, have been trying to fight off deflation, with the hope the the inevitable INFLATION can be controlled.
It’s a losing battle and only a matter of time.
Ping.
The certain catastrophes are well known. And I’m sure there are some others happening before then, that will soften the system up for the big disasters.
1) December 31, 2012, the date of the expected implementation of government spending reductions and expiration of a large number of tax cuts, called “Taxmageddon”.
2) The Super Committee’s failure to reach agreement has triggered automatic, across-the-board cuts in all non-exempt programs (referred to as ‘sequestration’) to take place beginning in January 2013.
3) The Democrats have made it clear that if they lose the election, they will as lame ducks permit these catastrophes to take place, and when the Republicans take office on January 15, the Democrats in the senate intend to block all efforts to stop the collapse.
So the bottom line is that there will be half a month of collapse at a minimum, which will probably cause at least an international depression as Europe reacts. The saving grace is that the Republicans will fight hard to prevent a collapse of the US economy.
Who knows? My crystal ball is busted. If you get a good reading on yours, please let me know.
I will say there are two components to being an astute financal prognosticator — the obvious one being WHAT is going to happen and the other one being WHEN.
If you don’t have WHEN nailed, then in some sense you’re just predicting the obvious (and therefore assured of being right eventually), because no matter WHAT you predict, economies/commodities/assets DO go up and they DO go down. Eventually. Been that way for thousands of years.
In my own planning I’m trying to allow for all the possibilities I foresee as best as I can. It’s not easy and I’m far from confident that I have it all right.
I hope you do well for you and yours.
FRegards
Besides, I think the stock market--knowing that Obama is about to go down in flames this November--is ready for a takeoff that could send the stock market to stratospheric heights, especially if the Romney/Ryan income tax overhaul is going to be anything like what Steve Forbes proposed in 1996!
Greece, Spain, Italy almost all of Europe is presently living on borrow money they can’t ever hope to repay and its merely a matter of time before the game of musical chairs they’ve be playing ends. How many countries can Germany prop-up before they too are swamped? Britain and France are already so weak that the Islamist they have allowed to ‘invade’ them will most likely over run them when the time comes.
Here at home we find that the corner three card Monte dealer is more honest than most of the ‘Too Big to Fail’ banks and investment houses. And face it the Monte dealer who ‘scams’ a few hundred is a thousand times more likely to go to jail that the ‘banksters’ that are stealing millions.
The game is so rigged now that the fraudsters don’t even know how its going to play out. We are headed for some bad times, which is one of the reasons I’ve been sounding the alarm. Its time that you either prepare to stand on your own beholden to no one or accept that you will be a ‘serf’ dependent on others to provide your basic needs.
Check out Ferfal’s blog and Selco’s blog despite what so many think it is NOT impossible for a modern country to quickly fall into chaos! It’s happen before and it is happening now.
As for me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
Some seem to think that prepping is foolish, so I ask you what’s easier telling your children and loved ones why you prepared or explaining to them why you didn’t?
But if any provide not for his own, and especially for those of his own house, he has denied the faith, and is worse than an unbeliever. 1 Timothy 5:8
But then someone has to stand on the bridge waiting for FEMA to bring them a bottle of water, an MRE and a warm blanket so as to provide the Network Anchors their background ‘Money Shot’. I wonder how that will workout for them?
I am not saying that things will turn Mad Max/Book of Eli, (With the possible exception of a brief time in a few of the larger big blue cities) but things could easily breakdown for 30 to 60 days during which basic supplies, goods and services stop, banking stops (No checks No Credit Cards, No Debit Cards so on...) now how many people do you think are ready for such?
And between those not ready and those who have always had the ‘gubberment’ hand them everything what do you think the reaction will be?
Their reaction I think can be summed up in one of my favorite quotes:
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes. ‘Star Trek: Deep Space Nine’: The Siege of AR-558 (#7.8)” (1998)
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf
NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
Lastly this for the doubters and the scoffers.
“There is no greater disaster than to underestimate danger.
Underestimation can be fatal.”
Gold bug ping.
Last I read, the Chinese property market is collapsing. It was the Mother of All Bubbles, which actually put the U.S. housing bubble to shame. Speculators were placing a collective huge bet on urbanization accelerating: as is often the case with a compelling story, they overshot the mark.
The U.S. real-estate market started turning down in 2006, and the implosion got underway in '07. Remember those Bernanke foot-in-mouth moments? One of them came in late '07. He said the sub-prime implosion was "contained" - implying that he knew quite well that real estate was imploding, but that he didn't see what else was coming.
I'm sure that Soros thinks that this year is like 2007, and that next year will be another 2008. Only this time, the crisis epicentre will either be mainland China or Europe - possibly both.
If you're in the mood for a gamble, the best thing you can do is to stock up on cash. Yep, plain old cash. Hold it, sit on it, accumulate more of it. Then, sit back and wait to see how the China implosion plays out. If '13 ends up being another '08, then it'll be time to do a little shopping on the equity or gold markets. Even gold cratered, temporarily, when the S hit the F in October '08.
The reason why I peg this move as a gamble is because there's a chance that the next '08 will rip apart mainland China but not here. In that case, gold will go up and $1,600 will prove to be a bargain not taken. There also won't be any fire sales in stocks to take advantage of, outside of mainland China and/or Europe. Outside of turfs that are unfamiliar, unknown, and which might well be swamp and jungle.
Before signing off, I have to make a wee confession. I was a buyer in late October of '08 all through early '09, but my short-termism meant that I pulled the hook out of the mouths of the big fish. So, I have a bias in that I'm waiting for a second chance to do it right. That said, Soros is no dummy when it comes to speculating...
I’ve been scrolling through FR all morning, but this has me over my limit. I am now going to Walmart to buy beer. And then I am going to drink it.