Posted on 05/17/2013 3:11:23 PM PDT by Kartographer
It’s a Catch 22. There’s no way out.
If the government acknowledges what is happening, confidence in the economy and financial markets will be lost and we’ll have a repeat of 2008 or worse.
If the Federal Reserve stops expanding the monetary base and puts an end to the monthly $85 billion in purchases, the entire house of cards will collapse in on itself.
So, their only option is to continue on this course. But it is a trajectory that will lead to a collapse so severe that our civilization may not be able to survive it.
The inflation we’re seeing in the price of our milk, our gas, our electricity and other good and services we depend on is a symptom of a much greater problem.
We have blown the largest bubble in the history of mankind.
One day we’re going to pay for it – not with money. But, rather, it will be paid with the collateral that was used to back the loans – our lives.
Our creditors will soon come for their pound of flesh.
The government of the United States is already preparing for the economic collapse and the civil unrest that will follow.
You should to
(Excerpt) Read more at shtfplan.com ...
This weeks DIY is a quad rail and forward hand grip for my M-4gery. A green laser is mounted underneath. My order from Larue Tactical should be here soon so it’s a new mount for my Aimpoint, the LT 150. A flip up rear sight will complete things. I’ve never been a fan of flashlights on weapons, but maybe I’ll make an exception.
Have you ever seen Chinese women screaming at the cooks in a Chinese takeout? They're getting you in line. On the other hand, you know that they all have SKS and Mosins in their closets waiting for orders.
Check the meat in that package. I think it might be tvp but you can work around it.
cough, Soros, cough.
It won’t be a case where creditors come seeking their collateral. It will be a world war.
Just because everyone has debt does not mean that it all balances out to zero. Debts will either be paid with money or blood (in the form of World War).
Anyone got any suggestions on non-chemical (doesn’t have to be reapplied after rain) means of keeping mosquitos away?
Don’t forget that what one person calls a “debt” another person calls an “asset”.
When one goes away, so does the other.
I'm confused?
I'm not especially good with economics, but I think this concept is where we get into some trouble.
I have a house. It is small. It is rundown. It is not in a good location. But, if real estate is hot, maybe I can sell it to you for $750,000. Great. You have a mortgage (debt) but you also have an asset (house). The bad news is that the bottom falls out of the local housing market and -- at best -- you might sell that house for $150,000.
Your debt is now 5 times the value of your asset. Too bad for you. With normal business cycles, you might eventually be able to bounce back -- but go ask Japan how long it might take to "bounce back".
You debt payback bugs are off track! We are not little Cypress, Greece, Ireland, etc. We are the printers of the world’s reserve currency; 60% of the cash held by foreigners is in dollars. When there is a rush to spend those dollars (around $30 trillion that we printed and spent and they earned; again, that was not a problem for Cypress, Greece, etc), 400% inflation will result and kill the middle class (the rich will manage and the Hussein minions will be taken care of by their commie cheerleader). 400% because that is what Hussein has printed since 2008 and economic 101 rule of thumb is if a country doubles it money supply, prices will double in about two years (I know it’s been 4 but the earthquake will come). Besides, when the debts come due, Hussein will just print more. We probably will see some deflation but it will be the inflation that kills the taxpayers/host. The rats will incinerate their own hell holes and swarm into the countryside where responsible people cling to their Bibles and guns.
mREIT’s will be the first to fall.
And, I kept putting off buying Dak ham and bought two cans recently and need to buy a bunch more. There is no meat in the professionally packed long term food, so have been buying canned meat in various forms for a long time but need to add the ham.
I have store bought food that will last, plus canned meat, and when all the store bought food is gone, then the long term food will start with canned meat to add to it.
If my effort to grow food in my garden works, there will be fresh plant food to add to the grocery store food and the long term food on a ongoing basis.
All I can do is control what I can to prepare for whatever may happen and that's what I do. My immediate interest in the future is whether or not a hurricane will come my way this summer/fall. If it does, I'm ready right now.
Where can a guy buy lime from?
So are you saying that the ever enlarging debt combined with they FED’s unending printing of dollars will have no consequences are all but and ever growing and the sky is the limit market?
Home Depot, Lowes, Tractor Supply are three places I can think of.
You can grow a lime indoors on a dwarf lime tree. Most any of the seed catalogs have such plants available.
LOL. They are as deep in this as we are. The US market is 90% of their exports. When we go down, they go right down with us...Just as fast, just as deep. Nobody is going to "win" when this house of cards -- which is being fueled by essentially every central bank in the world -- comes crashing down. Nobody.
Well, I knew as soon as the oil prices spiked as well as the 2008 collapse that food prices would be going up. So I went out and bought all the necessities and things we like that I could pay for.
Then I started planning how I would provide if inflation got so bad that I wouldn’t be able to afford the things we need for a nutritious diet. That’s when the gardening hobby turned into a focus on becoming self sufficient in growing food, and other things, like beer, wine, and fuel.
I was fortunate to have moved half of my measly amount of stocks/mutual funds into treasuries in november of 2007. Have been withdrawing some of that and buying silver coins on the dips.
While bartering with your stash of stuff is probably going to be the main way to obtain whatever you need, I am thinking some silver and cash is necessary - especially for people who are making payments on their home.
Inflation will be reflected in Real Estate Taxes, Insurance, etc. Silver helps to hedge against that. When the shtf, silver can have a place too.
At some point the finanacial institutions will be looking for payments, so I am thinking some cash on hand for that to last as long as your prepping supplies. Then enough silver for a year’s worth of payments.
Also, you will be needing to pay your real estate taxes. So stash cash for the first year and then some silver. Whatever the inflation rate is, the silver should keep the pace so that you will be able to make the house payment and pay taxes.
We have a house on 2 acres fully paid for, but it’s about a 3 hour drive from where we are living. If it looks like we won’t be able to hang onto this place, for good we should be able to stay for a year or two and that gives us time to get new gardens and fruits going there if we have to.
We also have 22 acres about 20 minutes away with a stream, so that’s another fall back that we could get ready during the first year or so.
But we’ll be better off if we can just hang on where we are, so I continue to focus on that.
I have some very long term supplies like wheat, rice, beans, flour, oats, powdered milk etc. that is supposed to be good for 30 years, so I don’t really have to rotate it, just check it. If canned veggies go on sale, I buy 2 or 3 cases. If meat goes on sale, I buy extra and can it in my pressure cooker. I have a big stash of sugar, and a recipe to make sugar from beets. In addition I have plenty of honey and syrup. I am also growing sorgham this year to experiment with making sorgham syrup.
I am gradually building up those supplies to a goal of 1 year for 10 people. I have a long ways to go. But I do have 3 months for everyone of the most stable and necessary food items. Three months gets me to the next planting season, so that relieves the pressure a bit.
Next month, I will begin to add some things such as battery operated fans, extra batteries for it and a way to recharge them, as I continue to concentrate on building up the food supplies, and medical stuff.
Yes.
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