Posted on 05/14/2010 8:42:21 PM PDT by Travis McGee
(This is from the middle, but go to the link and read it all.)
Get those "sudden stop" plans in place - NOW. If you're in a big city you're in big trouble. Find friends or relatives that aren't and see what you can do about a place to go where you have a reasonable shot at avoiding the worst of this. Look, all-out civil unrest (or worse) is a low-probability event but if you get trapped in a big city and the worst comes that city will go feral within hours and become a free-fire zone. What's worse, many of these cities are openly hostile to citizens having and using effective self-defense; the bad guys don't give a damn about laws - that's why they're called criminals. There really are bogey men in the world - they're called gangs folks, and they would love the opportunity that a breakdown that would come with such an event. In such a circumstance the only way to win the game is not to play. This is all about where you are, not what you have.
If you haven't acquired the means of lawful self-defense in whatever form or fashion you deem prudent at this point, the time to do so was yesterday. You need time and practice as you need competence - the biggest component of self-defense is the thing found between your ears, not the thing in your hand(s)! I know I've harped on this before but if you think you can go buy a gun when things get dicey and be "protected", having invested nothing in practice and/or training you are very likely to have that weapon taken from you and then be shot with your own gun. That's a crappy way to die; if you're unwilling or unable for whatever reason (including legal restrictions where you live) to acquire the means of defense then being concerned about the above (where you're going to go, how you're going to get there, and what you've got for supplies) becomes even more important.
Being wrong over the last 20 years has cost you some money. Being wrong in the coming decade may throw you into rank destitution at best and cost you your life at worst. This is no laughing matter and there is no way around the facts. This is a somber message on a day when order is being lost in the FX markets, and those, my friends, underpin literally everything. As I post this the same scenario that set up the collapse last Thursday in the FX is presenting itself again. There is no guarantee it will produce another crash, of course, and in fact odds are it won't. But the yellow light is on, and if we get another one of these things it is unlikely we will bounce at all - the market will just go straight down the toilet instead. Forewarned is forearmed.
Crap.
A front row seat to interesting times.
Time to hunker down.
Recommended reading at Market Ticker.
If I had a choice, I'd pick boring.
Me too. I’m on the downslope of 50, and I’d like to coast a little, but can’t.
I’m already a reader of Denninger’s site, but may I be added to your ping list?
You bet. It’s a ping list involving “CW2,” but I ping anything concerning market collapse leading to civil disorder etc.
oh for god’s sake. enough with the drama. where’ this guy’s money invested? lemme guess...gold.
Well, either crash or another tsunami of fiat money flooding into financial market by central banks of the world.
I’m on one of the CW2 ping lists, but not yours I don’t think. I’d like to be on all of em if I can.
BTW, I just bought a copy of EFAD a couple weeks ago. It’s next on my reading list. Glenn Beck keeps distracting me with other things, but I’m dying to get to it.
From what I’ve read on Denninger’s forum (not a big readers since market stuff is like Greek to me), he is not a huge gold guy.
He’s a very smart man.
Nope. Not at all. Read the column at the link. He thinks gold is stupid since he’s calling for a deflationary depression, not hyperinflation.
That reminds me, I need to site in some rifles.
add please
The worst thing is not dying, since we all have to do that anyway. The worst things IMO would be to be helpless and at the mercy of whatever kind of Big Dogs are calling the shots at any given time; being a refugee, pawn, etc, being tortured, or especially watching those you love and are responsible for suffering.
Dying - I’ve come *this* close several times and although it certainly focuses the attention, it’s not a tragedy; I consider it a door that one goest through. It’s the stuff before it happens that can be tragic and possibly avoided by careful planning.
Invest in steel, copper and lead.
I tried to capture that in my third novel. With no religious spin, I believe we are in for a time of great tribulations.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.