Posted on 06/01/2011 11:34:16 AM PDT by BenLurkin
Unless, of course, they are looking for a scapegoat, (which IMHO, is one of the reasons I suspect Hillary so readily accepted is last nomination).
Well if Bernanke is true to his word (hahahaha...pun intended) to prevent another deflationary depression at all costs, then we can expect to start hearing mention of the need for QE3 being leaked to the media by the Fed soon. If QE3 happens, can hyperinflation be far behind?
Oh no he will run or be ordained the leader (Fuhrer) because of economic reasons, massive terrorism, or some other faux crisis. He is doing a fine job if you believe in the Communist world revolution as most Democrats (communists) do. He’s their man and they love it.
I hope you greedy, thieving taxpayers are happy!
/sarc
Got a link?
No doubt someone shorting the market trying to drum up buyers..or someone peddling gold
Seems to be skidding a bit lower for this time of day than usual under this regime.
Thanks!
the cnbc airheads (Santelli excepted) reactions were priceless. Someone telling the truth. Quickly had LIESman confuse the masses so they can continue the big Con.
Time to buy commodities and I am not talking gold and siver (thought those would be nice if you can efford them) I am talking food guns, ammo, basic household supplies like soap, papergoods, cleaing supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
I think that we are at the very least in for a collapse much like that of Argentina’s ( http://www.youtube.com/watch?v=7yerKMQc7-w&feature=grec_index), but as a armed society with a very large entitlement minded population our collapse will be much more violent and I see many many small business wiped out by flash mob looting, and large scale violence (look at what happened just this past weekend). I see what I call ‘Pocket Pogroms’ taking place in many big ‘Blue’ cities and if yo aren’t Amish it’s going to get Reginald Denny bad for you very quickly.
For those who haven’t prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:
http://www.tomeaker.com/kart/preparedness1i.pdf
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
It is going to get real ugly. I am North to Alaska for the summer work then Brazil. Obama is going to destroy USA.
Exactly. I've got 50/50 odds on him either coming up with some lame excuse to bow out for his October suprise when the numbers aren't in his favor or he's close to getting outted over his lies. Or he pushes the big red button or declare the end of America the free.
That could also be why the GOP did everything they could to give the RATs this administration.
the Fed is trying to "force" banks to loan money to those who are completely tapped out and unwilling to borrow. The Velocity of Money is there approaching zero.
All this Free Fed Money is doing is driving up the price of commodities and stocks...that's where the institutions are putting it for want of borrowers.
That's why the Fed must stop the QE routine.
The only alternative is for the US Government to "borrow" ALL the deficit dollars from the Fed's printing press and even that will be reduced as long as the GOP holds at least one of the Federal branches.
Yep, the long delayed "pop" will soon be upon us and it will be ugly.
Whomever the next POTUS ends up being, they will preside over the greatest financial calamity since the Great Depression, if not worse.
In fact it probably will be worse. This time it will likely be accompanied by a US Sovereign Default.
And I'm going to advocate that default.
A couple days ago, I just re-inventoried my stock, getting low on some, otherwise, good to go.
What’s you’re opinion of a bug out plan? We have the best location for hunkering down, all my family knows where we live. So, in your opinion, is a rural home best suited for the family to hunker down? We have well, septic, etc. We can feasibly house 10 comfortably. Should we expand our bug out plan, or should we use our house as a ‘base’?
It’s never a bad idea to have a bug out plan as a contingency. Just make sure you have a place to bug out to. You say you can house ten now? What’s the chance you could take in two boarders who can pull their own weight? LOL
While Obama has done nothing to help it must be known the die for this coming depression and default was cast long before he entered Federal Government.
No, I'm not cutting the commie any slack.
It's just that this debt bubble took 30 years to create...and when it pops it won't be his fault. Once the bubble was inflated there was no office or person who could change the inevitable course of events.
Honestly, we can manage more if needed. Perhaps 6-8 more, that’s pushing it. But not anyone who’s not prepped. We’ll only take on like minds. We have water, all the prepper stuff, etc. All my kids are into prepping. We talk about all of it, often, and only with like minded. Our weakness is, is there a place we can go, can we ‘bug out’. This is the most ‘bug out’ friendly place so far, we can live here, got the land, water and ability to get meat.
We have a good spot. It’s defendable. So relocating is hard to imagine when we have this place. I worry though.
It’s quite simple, really. No one in their right mind is going to invest in the U.S. economy as long as Marxists are in charge of the economy.
It makes no sense to take additional risks to attempt to increase profits if those profits are going to be taken away and “redistributed”, whether such redistribution occurs via Obamacare, increased taxes, increased regulation, deliberately increased increasing energy prices, deliberate destruction of the currency via insane inflationary policies, or deliberate destruction of the Constitution by ignoring it.
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