Posted on 05/18/2010 7:05:51 AM PDT by blam
Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
Joe Weisenthal
May. 18, 2010, 8:57 AM
Image: US Army
WHOA!
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
That's pretty intense!
Update: By popular demand, here's more on what he sees in the market:
And I ask myself, "Am I seeing things? The April 26 high for the Dow was 11205.03. The Dow is selling as write at 10557 down 648 points from its April high. If business is even better than expected, then why is the Dow down over 600 points? And why, if there were 674 new highs on the NYSE on April 26, were there only 20 new highs on Friday, May 14? And if my PTI was 6133 on April 26, why is it down 17 points since its April high?
The fact is that I've been seeing deterioration in the stock market ever since early-April, and this in the face of improving business news. The D-J Industrial Average is composed of 30 internationally known top-quality blue-chip stocks. These are 30 of "America's biggest companies." If Barron's is so bullish on the future of America's
[snip]
The DJIA is up 62 as I post. See here.
(Excerpt) Read more at businessinsider.com ...
Actually, if you have seen the multiple books on that subject, someone has been predicting the next Great Depression, I think ... since the 70s ... LOL ...
“Since I am surrounded by carreer grass hoppers I am having to prepare for EVERYONE, pisses me off but the grass hoppers are my friends too.”
From my Preparedness Manual:
Our Christian Duty to our Fellow Man
For many Christians their responsibilities to their fellow men weight heavy in their minds and the vision of a friend or neighbor coming to them for help with a staving child is a nightmare that they fear.
I have discussed this subject at length with fellow ‘preppers’ on various online preparedness groups that I frequent to and I have come to the conclusion that there is no ‘one size fits all’ answer.
For almost every scripture one quotes as to it being our Christian duty to do all we can to help our fellow man, one may quote another that distains the slothful and the ill-prepared.
In the end I believe it is up to each of us and the circumstances as to what and how much action we take. For a childless couple to give a neighbor a couple cans of powdered milk during a blizzard is not the same as a couple with children doing the same thing after an EMP attack.
To me the order of things should be God, my family and then my fellow man. I should never do anything that jeopardizes the relationship that come before.
As for me to ease my concuss and hopefully meet my duty as a Christian my own plan is to put away an extra 10% of ‘preps’ to use as tithe towards helping my fellows in an emergency. To me by setting aside that which God ask in tribute and then distribute it to those in need I have meet God’s covenants and yet have not place my family in need or want.
I will add a warning to this solution and that is for you to be careful as to how you distribute this aid. In these days in which so many seem to deem that it is their ‘right’ to have their needs provided to them by others, the knowledge that you have prepared and have stores of food and goods could quickly cause others to ‘demand’ that you share.
When possible I urge you go through a trusted third-party to donate your extra stocks, your church or an organization such as the Salvation Army are two good choices. But try to remain anonymous with your assistance, for desperate times drive many to desperate deeds. There is a quote from one of my all time favorite TV shows Deep Space Nine which explains this so very well:
“Let me tell you something about humans, nephew: They’re a wonderful, friendly people - as long as their bellies are full and their holosuites are working.
“But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those friendly, intelligent, wonderful people...will become as nasty and as violent as the most blood-thirsty klingon.”
Quark from: The Siege of AR-558 (#7.8)” (1998)
Or as is as 1 Timothy 5:8 says:
If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever.
You should never commit an act of charity that in turns places your family’s safety in jeopardy.
Daniel Webster put it this way:
“Hold on, my friends, to the Constitution and the Republic for which it stands. Miracles do not cluster, and what has happened once in 6,000 years, may not happen again. Hold on to the Constitution, for if the American Constitution should fail, there will be anarchy throughout the world.”
Sorry, I don’t trust gold.
Governments can confiscate it.
_______________
They have to find it first. It’s like hide and seek. Make sure you’re a better hider than they are a seeker and never put all your eggs in one basket.
That’s a good place to sell your unwanted needed US Federal Reserve Notes
I just ordered Travis' three books this weekend. Delivery can't come soon enough.
Good stories, well written. Precient, too.
That’s right ... and if things “go” the way some people are saying here — you’re right (and Daniel Webster is right) — we won’t be recovering the United States again — ever ...
yikes!
My three sources have yet to get even one in stock. I wrote an email to them asking when and if they planned a companion rifle in 22M. ... I like having pistols and rifles in same ammo.
coinshops, etc and pay cash.
“That’s a good place to sell your unwanted needed US Federal Reserve Notes”
Save them they will be worth the weight in toilet paper pretty soon! ;-)
Smart approach, buyer beware. ;)
The one thing that I keep wondering is if he's picking up a property that had no mortgage for a few thousand dollars why didn't the prior owner borrow against it for the amount due on the taxes and sell it for whatever he/she could get?
I remember that quote about humans and turning into Klingons ... LOL ...
And what you say is very true... all the rest ...
don’t forget three steel wedges, an ax can only do so much.
I just got two a couple of weeks ago and worked on some big stumps around here. I guess I'll have to go out and get one more, then ... to be fully prepared ... :-)
Although in my experience a sledgehammer and wedges work better for splitting.
You bet! ... a confirmation here from experience ... and just a couple of weeks ago, too ... :-)
Yep, it’s going to revert to tribalism and there will be a whole lot of different tribes out there... :-)
And yes, you’re right, it does “take a village” ... ummm... sorry, that’s the Democrats line... I mean, “It takes a tribe!” ... LOL ...
That’s a good question ... and the part that he may be “leaving out” is that there is a lien on the property (from the mortgage holder) even though he’s officially “the owner” ...
People do tend to leave out some “details” when they’re “telling a story” ... :-)
Granny.. we need the url on your latest thread!
It takes a militia? ;-)
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