Posted on 11/25/2011 4:26:50 AM PST by blam
It’s going to make 1933 look like a cook out.
In 1933 flash mobs were not stealing the apple carts
THese major depressions seem to end in only one way, world war.
Since capital markets are saying “no”, the Europeans will force their Central Bank to keep buying up the debt.
This is not over yet.
Just got my black friday shopping done - Dicks had a great deal on a 24 Gun Safe.
You want to laugh - I was there as 5:30 am and the store was entirely empty except . . . . . . . . . . .
THE FIREARMS DEPARTMENT
Saw three people buying guns at 5 am.
Until we start prosecuting these financial criminals like the murderers they are and jailing them for life, we will be forever in a state of mistrust.
Karl’s concluding sentences-—
“”It will take just one — or maybe two — more events like MF Global and Greek CDS “determinations” before the entire market — all of it — goes “no bid” as participants simply stuff their hands in their pockets and say “screw this.”
It’s coming folks, and I guarantee you this: Whatever your “nightmare” scenario is for such an event, it’s not bearish enough.””
Start with Congress......
Karl is one of the few guys that say’s it straight ip.
“ip” = up.
Its both. The financial terrorists on wall street like madoff, corzine, et al, and the congress are both equally culpable.
And even worse - the disgusting police state we live under turnms a blind eye to financial terrorism, and focuses on utter nonsense while the nation implodes.
>>In 1933 flash mobs were not stealing the apple carts<<
Great observation. The social glue of the 1930s is long gone.
” THE FIREARMS DEPARTMENT
Saw three people buying guns at 5 am.”
Now that’s funny right there!
“Great observation. The social glue of the 1930s is long gone.”
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Not only the social glue but the knowledge of how to survive on a shoestring is gone. I was born in 1944 five days before D-Day. We lived on forty acres in South Carolina a mile off the nearest blacktop road . My parents knew how to survive with nearly nothing because they had reached adulthood on farms during the depression. Some on FR seem to think they can just go back and live that way if they find it necessary but it is not that simple. I can still remember how to do a lot of what I learned growing up but I realize that I never learned much of what they knew. Most people now cannot even imagine how people lived back then. You could hand the average young person a fine sharp axe now and they would collapse from exhaustion before they cut through a small tree branch.
I don’t mean this to sound critical, it is simply the facts. Most people have no more understanding of how to live that way than my father had of how to use a computer. A computer was simply a word that he learned before he died and that kind of living is simply words to most people, they have no idea of the reality behind the words. There are exceptions of course but they are a small minority.
Was the truth. They had a big safe half off and my Dad and I went at 5am.
Sotre was EMPTY. About 40 people working there. Went straight to the gun department - about 5-6 other people.
One woman was already filling out the paperwork - should bought a shotgun and a hunting rifle. Two other guys were buying .22 rifle and a shotgun.
Was talking to the guy and he said that the firearms department does the best out of anything. This is in White Plains, NY
What is going to give the us (the US) breathing room in the near-mid term is the perception that we are the Global safe haven. In fact, the “Smart money” has been fleeing European banks & soverign bonds for “safe” US Treasuries for some time. But eventually we will be held to account to. When UST interest rates go over 5%, look for all H@ll to break loose as they true cost of the deficit cannot be swept under the rug anymore.
The current priority of the Fed is keeping UST interest rates low so that the Government spending party can continue. Everything else is decoration. The reason is simple: the Government effectively IS the Economy. If the Government is forced to live within its means, then most of the population will see either a partial or total reduction in income. It will be a SHTF situation like we’ve never seen.
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