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On Hyperinflation (Dire predictions. Be forewarned.)
The Market Ticker - Commentary on the Capital Markets ^ | 1/12/09 | Karl Denninger

Posted on 01/12/2009 10:10:30 AM PST by randita

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To: GOPJ
It was like the bailout dog and pony show.

Before it, supposedly, the great ideological struggle between supposed limited government Republicans and protective of the little guy Democrats was a long going, fierce war. Then Paulson says he need like half a years budget, and he gets it as fast as it appears seemly to do so. But, there was never any real doubt.

Now the fakers can go back to quibbling about a billion here or there.

121 posted on 01/13/2009 3:01:35 AM PST by Leisler (It is always said it is for the children. (Not your children..others...somewhere))
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To: bushwon

Go to the website and find out.


122 posted on 01/13/2009 6:12:58 AM PST by randita (If the government could "fix" the economy, we'd never have a recession.)
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To: hiredhand
I wanted to reply more in-depth to you, but essentially you stated exactly what I would have posted.

Last night, I was thinking about your post and this thread as I sat around talking with a neighbor who I forward articles to and he was again asking me for advice. As though I'm the one with the answers. I went through the basic personal money management thoughts (pay off your debt, save 3 months worth of expenses at home, keep your job, no matter how much you hate it, etc, etc), and some preparation ideas, such as KABA matters and basic sustenance. The truth is that most people have no idea how to be remotely self-sufficient. It is like their brain shuts down and cannot process basic logic. And he is just one of a group of friends who are going through similar thinking.

He has enough foresight to see the potential danger, but his mind will not let him come to grasp it. He waffles between “what do I need to do to prepare my family for potential unrest” and “this is outrageous, it can't happen here”. There are many people out there who think everything is just fine. "After all, look how busy Walmart is, and the restaurants and bars."

So I asked him to think it through with various scenarios. That helped a bit.

And, you know, we live in South Florida, where we routinely go through the hurricane prep days before a big storm is due to hit us. After years of episodic power outages for as long as two to three weeks some times, no gas, no work, no bank, no stores open, you'd think that men would learn a bit more than they do. But maybe I expect to much.

I ran through the basics. He thought I was “paranoid”. So, I suggested that he goes to ready.gov and look at how the fedgov thinks he should be prepared. And that site is simply about national disasters. So if the fedgov think citizens should be that prepared all the time, use your judgment about the potential future.

So many people think that “it could never happen here”, or that “the government would allow that to happen”. Really, without tilting your hand too much, all you can do is forward articles that you read and inform them so they can decide for themselves.

I mention the tilting your hand, because then there runs through my mind another thought. Let's say the time comes that the ecomony plummets in a worse case, or near worse case scenario. If you're not careful everyone shows up at your house, if for not other reason than the sheer fact that you were the one that saw it coming and maybe you have some more ideas. Too late. Now, how many of your unprepared friends and family can your preparations support? And where does your charity end and their responsibility begin. Tought questions.

Christ said that when he returns, blesed are those found feeding his sheep.
"Who then is the faithful and wise servant, whom the master has put in charge of the servants in his household to give them their food at the proper time? It will be good for that servant whose master finds him doing so when he returns." Mat.24:45-46

...food for thought. (pun not intended)

123 posted on 01/13/2009 6:45:56 AM PST by woollyone ("When the tide is low, even a shrimp has its own puddle." - Vance Havner)
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To: blam

I bought six cases in assorted sizes and extra lids. I have a regular waterbath canner but wil be adding a pressure canner as soon as they appear in stores. I also have extra beer bottles and will be stocking up on crown caps. As soon as the garage is cleaned out, I’m getting a pair of rabbits JUST IN CASE. The original rabbits can live out their lives as pets, but if things get bad I’ll breed them and ‘process’ the offspring.


124 posted on 01/13/2009 7:38:24 AM PST by nina0113 (Hugh Akston is my hero.)
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To: chris_bdba

Raising the minimum wage is practically meaningless because the value of the dollar is, by definition, tied to the value of mundane (commodity) labor. Raise minimum wage and prices rise accordingly. A gallon of gas is worth about 20 minutes of floor sweeping, and raising the number of dollars paid for that work will simply raise the number of dollars required to buy socially equivalent goods. The only benefit of raising minimum wage, other than political benefit from ignorance, is the delay between raising wages and corresponding price increases.


125 posted on 01/13/2009 8:05:26 AM PST by ctdonath2
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To: nina0113
"I also have extra beer bottles and will be stocking up on crown caps."

Good for you. What do you plan to put in the bottes?

Pressure Cookers

126 posted on 01/13/2009 8:13:10 AM PST by blam
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To: blam; Lurker

Beer OR hard cider (I almost wrote “and” but I knew somebody’d get all sarky about how awful a mix that would be). The hard cider I made last fall fermented naturally without added yeast (thanks Lurker!), so that might be simpler than trying to keep a yeast colony going. I will be planting hops this year though.


127 posted on 01/13/2009 8:21:00 AM PST by nina0113 (Hugh Akston is my hero.)
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To: autumnraine

Push come to shove, words on paper mean little.


128 posted on 01/13/2009 8:43:30 AM PST by ctdonath2
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To: norraad

People do. Google “M3b”.


129 posted on 01/13/2009 8:45:34 AM PST by ctdonath2
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To: nina0113
and will be stocking up on crown caps.

You may want to look at Grosch type bottles. They're much easier to seal. All you need to replace are the little rubber rings every few times you bottle.

They're a bit more expensive at first, but I find they're much easier to deal with.

L

130 posted on 01/13/2009 8:49:58 AM PST by Lurker ("America is at that awkward stage. " Claire Wolfe, call your office.)
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To: Lurker

I have some, but I think if I tried to stockpile the little rubber thingies, they’d dryrot in a couple of years. If I doublebag the crown caps, they should last forever.


131 posted on 01/13/2009 9:01:42 AM PST by nina0113 (Hugh Akston is my hero.)
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To: nina0113
Good point. I've been using the same ones for about 3 years without a lot of trouble, though.

I've got crown caps coming out of my ears. I get a bag with every kit I buy!

132 posted on 01/13/2009 9:07:06 AM PST by Lurker ("America is at that awkward stage. " Claire Wolfe, call your office.)
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To: randita

Go to the website and find out.

<<I did, but did not have any information about who Karl Denninger is—except to give him credit as author. I am not familiar with him and am interested in what he has done, experience, etc...Seems to provide a lot of depth, but I have become more of a skeptic over last couple years regarding investments, finance, etc. So, as website says nothing about him, guess I will google him. Thx.


133 posted on 01/13/2009 6:18:28 PM PST by Freedom56v2
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Economic Illiteracy Of The NY Times
Boycott The New York Times | January 12, 2009 | Don Feder
Posted on 01/12/2009 1:00:46 PM PST by AIM Freeper
http://www.freerepublic.com/focus/f-news/2163341/posts


134 posted on 01/14/2009 4:17:52 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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