Posted on 11/23/2009 8:40:55 AM PST by Petronski
The final paragraph:
The U.S. political process must stop its infantile wrangling and show cause for the world to believe that it will defend the financial integrity of the country, before discussion of U.S. default — which will otherwise become audible, soon — spooks the whole world.
(Excerpt) Read more at article.nationalreview.com ...
I note too that Denninger this morning speaks of disaster on the state level:
I continue to hear rumors of incipient disaster. One of the latest, which has come at me from multiple sources, is that Moody's intends to downgrade multiple states, as many as 20, within days or weeks. This has been floating around in whispers for the last month. Is this reality? It damn well should be...Better to know in advance than to not know.
I think....
attn: Bush
thanks a lot
except perhaps copper-coated lead.
Those 2 or 3 ounces of silver bullion I've been buying every month for the last several years looks pretty smart right now.
Last time I peaked out of mine, 10% homes in default and that's the ones that are occupied.
Many have walked away and the bank or who knows in strugglin' to maintain them (grass cut once in awhile etc.).
Farther out in the country, our beautiful farmlands are now full of empty and half built McMansions.
Ping!
Say, will Obama EVER be responsible for anything?
Those 2 or three cases of ammo and TP I have stockpiled may not look pretty smart right now, but it’s certainly looking less and less stupid by the day!
My conspiracy theory websites agree: When we go into default, it opens the door for lots of illegal, anit-Constitution activites, such as the curtailing of basic human rights, martial law to quell unrest, and of course, my favorite: Occupation of population centers by the UN or NATO to secure the debt owed to fereign interests.
In before the spelling police!
Anyone keeping up on the “tungsten salted gold” scandal?
Seems that during the Clinton admin, their “strong dollar policy” included selling fake gold to the world.
This could be a problem, Houston.
Black does a good job of explaining the gravity of the situation without being shrill.
But his proposed solutions are naive, bordering on nutty.
States will default first
A USG default would be prevented in this way which has been done in other nations——>>>
You wake up one day and find out that one third of your bank account and CDs from that bank are embargoed. You cannot get cash for them. They will be converted to 5 year T-Bills. Of course this has been done to you without your consent. You have just made a five year loan to the Federal government so it can keep humming and handing out goodies to get people to vote Democrat. So it can keep paying pensions to piggy Federal employees. So it can bail out uber-liberal states like California and NY
Tungsten gold bars is possible but I have to see more. It has a small footprint on the internets. I don’t see how it could have been done without someone squealing.... But who knows? Maybe it is real
Some have speculated that the gold etf GLD has those bars. GLD should get an outside audit and have some bars drilled
From what I heard, they got smart after drilling revealed the gold plated tungsten bars,
then they started mixing flaked tungsten in the gold with epoxy or something. In other words, the tungsten was distributed through the bar instead of as its core.
A nice little machine to melt the bars and resolidify them would be simple. Tungsten melts at over 3,000 degees C versus gold at 1,000 degrees C.
I continue to hear rumors of incipient disaster. One of the latest, which has come at me from multiple sources, is that Moody's intends to downgrade multiple states, as many as 20, within days or weeks. This has been floating around in whispers for the last month. Is this reality? It damn well should be...Better to know in advance than to not know.
Nebraska is a great place to live when TSHF due to it being an agricultural superpower
I'm sure Jim Rodgers would say the same
Nebraska grows grains and soy which are exportable and the people seem conservative
If your family is mobile I would move to states that are conservative and in the wheat, corn and soy business. Also growers of (not soy) beans and dried peas. Believe it or not North Dakota and Montana raise a lot of our beans same for the Canadian provinces north of them
You look for states where real labor is dominant.
Not paper shuffling scams like Wall Street and real estate booms w house flipping. Or states that depend on retirees moving there.
That difference in melting temp would be problematic.
I believe that’s why they used epoxy.
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