Posted on 03/16/2013 6:23:53 PM PDT by Kartographer
Over the last few years political and financial leaders in Europe and the United States have implemented policies, regulations and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery.
What happened in Europe today is yet further proof that nothing they’ve done has fixed the underlying fundamental issues surrounding the events that led to the crash of 2008.
For those who don’t believe the government is prepared to take extreme measures that may include the seizing of retirement accounts, cash savings or even gold, look no further than Cyprus, the latest recipient of bank bailouts.
As of right now, citizens of Cyprus are scrambling to withdraw funds from their bank accounts after the EU, with agreement from the Cypriot government, announced they will decimate funds held in personal bank accounts to the tune of up to 10% of existing deposits.
(Excerpt) Read more at shtfplan.com ...
The House of Cards is beginning to tumble.
Interesting times eh,
Best to save up Hardware and resources.
Convert some savings to Gold and brace for impact.
Maybe we are all panicking?
Nope, no need to panic. Panic is what they are desiring we do (imho). If we remain calm, the ones who planned our demise will panic. Maybe even show more of their hand than they have already shown. They may win, but they may not. I will trust those not perpetrating this evil. Know cannot trust the media or the leaders so I'll just sit here and watch and do what I must. One thing is for certain ... none of us has anywhere to go. This is the only world any of us knows.
We’re living on borrowed time.
http://www.youtube.com/watch?v=0cBsnopTVmo ... Southern Cross
Look what is happening right before your eyes and take heed. There’s a Great Storm coming you can feel it.
Listen to what the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it. NIV Proverbs 22:3
One of the things Selco covers in this article is the fact that many will not accept that a breakdown is occurring even as they watch it happening before their eyes. Why don’t they realize it? It’s caused by a condition called ‘Normalcy Bias’ a mental state people enter when facing a disaster.
It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.
A good article on ‘Normalcy Bias’ is on our own ChocChipCookies Blog The Survival Mom:
http://thesurvivalmom.com/2010/12/29/normalcy-bias/
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become their ‘serf’. 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 in 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.
Its your choice you can prep or you can stand around on a bridge waiting for FEMA to bring you a bottle of water, a MRE, a warm blanket and a kiss for your boo-boo and maybe you can even get your picture as you stand there on the national news.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpful. 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, cash Imyself have been putting up change for the past few years both for the metal content and the fact that using change places you down the the list of possible marks during shtf, 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.”
Again I like to recomend FReeper’s ChocoChipCookie Blog The Survival Mom (Please Blog Police let this one slide!) Where you can get lots of useful information like:
http://thesurvivalmom.com/2011/11/20/8-morale-boosters-for-any-worst-case-scenario/
http://thesurvivalmom.com/2010/02/02/survival-priorities-the-rule-of-three/
And More
Also there is Ferfal’s Blog a survivor of Argentina’s first collapse:
And there is Selco’s Blog a Bosnian War survivor at:
“There is no greater disaster than to underestimate danger. Underestimation can be fatal.”
Given the choice, I prefer boredom and calm. Just the way I am. May come a day when cannot have boredom and calm but it will have been someone else having made that choice for me. Then I will be mean. I like being nice though and to prove it I am going to agree with you. I agree politicians, as are media, are the stuff of nightmares when trying to keep everything clean. Politicians and media can be trifling. Remember I’m being nice.
Bump
Have always loved that tune. Thank You.
US currency has a high rag content. It's not just paper.
That makes is very useful, after it has been softened for outhouse paper. Better than glossy magazines.
Gotta be practical.
/johnny
Four months ago I would have made the statement “go out and get some extra-extra ammo”, except now there is no ammo to get.
Why wait till Monday?
I’ve been expecting something like this for a long time. It’s called a “paper run” on banks, where people are desperate to get paper money they control instead of having virtual money they do not.
Importantly, in the last few years, several banking laws have been changed to make such confiscations, even of formerly sacrosanct “demand accounts”, much easier. Now banks can, on their own, declare a holiday up to two weeks with no government actions needed.
But this invokes some real weirdness. The US Bureau of Engraving and Printing only has two offices that print all US currency, and working around the clock, they can only maintain a token amount, some 5% of US daily retail. Mostly $1 bills, and proportionately fewer higher denomination bills. There is so little currency that they can’t even print $500 or $1000 bills, because nobody could make change for them.
But virtual money can be created or taken away with just a few strokes on a keyboard.
So if a “paper run” happened in the US, the banks would be emptied of currency in an hour. Then everyone would demand paper and refuse virtual money manipulated by the government.
Thus it would be a very good idea to have mattress money in a safe place at home.
Good thing I don’t have any money. They can’t take 10 percent of nothing!
Yep. Just got to try to buy useful/valuable things before paper money is only good for the outhouse. I saw this coming probably 10 years ago.
/johnny
You’ll know it’s coming when the government ramps up the announcements that no matter what happens, ordinary depositor accounts will never be touched.
Back on March 3, the Cyprus government announced just that: that under no circumstances would the bailout involve depositor accounts. From Wall Street Journal March 3: “Newly elected President Nicos Anastasiades wasted no time setting out his stall for
negotiations on a possible €17 billion ($22.14 billion) bailout required before the
country runs out of money in June: “I want to be absolutely clear. Absolutely no
reference to a haircut on public debt or deposits will be tolerated. Such an issue isn’t
even up for discussion,” he told Parliament on his first day in office.”
Ireland’s already making noises like this, so they’d be a good bet for Round 2. Likely most Euro govs have already started working on similar plans, and we know the US has already at least considered this. The more frequent the reassurances get, the closer the haircut is (gotta keep the depositors from panicking and pulling out before the gov gets its cut).
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.