Lot of these when I was a kid.
Posted on 05/29/2012 5:23:01 PM PDT by 2ndDivisionVet
Warning, tighten your belts, America’s new Age of Austerity is already here, today. There I said it. I admit it. And you better too. Prepare now. Could be like the 1930s depression austerity.
You’ve seen the warnings all across the major newspapers about a global slowdown. But why no warnings of austerity dead ahead? Why? America’s still deep in denial. We prefer happy talk to the truth. No, nobody will get honest about austerity till after the elections. Then it’ll hit hard.
Wake up. You were warned: America’s new Age of Austerity is already here.
Till the elections, nobody else will tell you the truth about what comes with this slowdown: Plan on classic economic austerity. Maybe not austerity as deep as the euro zone’s Spain and Greece. Yet maybe deeper than the 1930s as Nobel economist Paul Krugman writes in his new book, “End This Depression Now.”
Yes, America’s already in a depression. Wake up America, to a long bear market, a recession cycle, to austerity where everything slows down, income, jobs, retail, global trade, and market returns. Listen to the latest warnings just last week:(continued)
(Excerpt) Read more at marketwatch.com ...
If you truly believe that Gov. Mitt Romney is actually worse than Mr. Barack Obama, just come out and say it. Don’t pussyfoot around.
Yup...Could be. Mine is just a guess.
I think the Republicans will win the House, Senate and the Presidency...the markets will crater after the first of the year when everyone realizes that the Republicans can and will stop overspending and begin cutting...austerity.
Everything is artificially puffed up right now anyway....
I can tell you what we’ve done.
We have cashed in a large life insurance policy and paid off the mortgage and vehicle loan. The only remaining debts are a couple small ones to a bank and a credit card. Those should be paid off before the end of 2013.
This was my 85-year old father’s life insurance policy. I have power-of-attorney, and the house and vehicle belong to him. I paid them off on the chance that the inusurance company may go bankrupt and there will be no way to pay off his debt upon death. There is a small insurance policy that will pay off the remaining debts.
We are storing food, ammunition, paper products, materials for maintanence and repair of our two vehicles (my 20-year old nephew is a superb mechanic & lives in grandpa’s house with me; he is attending school to be a welder). A vegatable garden is going to be installed soon, along with espaliered fruit trees. We will both be getting hunting and fishing licenses.
As for buying precious metals - that is fine if you have a lot of wealth to preserve, which we do not. You can’t eat gold and silver for sustenance during a depression.
Oh, no, I didn’t vote for Øbama and I believe the Democrats are history. But, if the Third Reich is any guide, someone is going to mount a podium and thrust his hand in the air. I don’t think Romney is strong enough but an authoritarian government is in our future. Just speculating.
Leads to the question, perhaps the suspicion, that a buyer of a stock is the same as its owner.
Oh, no, I didn’t vote for Øbama and I believe the Democrats are history. But, if the Third Reich is any guide, someone is going to mount a podium and thrust his hand in the air. I don’t think Romney is strong enough but an authoritarian government is in our future. Just speculating
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It seems to me that the authoitarian government is already here. Look at the ability to monitor.
When the food runs out, those worthless five dollar bills will at least provide some roughage. :•)
Booklets of war bond "stamps" at face values of cents... another peanut can, on my dad's dresser...full of combat ribbons...fun for a kid to arrange and rearrange in colorful rows...
Those were the days...America could stand a siege of austerity, just to remind the marshmallows out there that life is sometimes tough..
That’s what I believe too on metals—and the expense is in the scary range already.
Except for oil, wouldn’t put a cent into the USA under Obama. NOT. A. CENT.
Time to cash in the small ROTH which was bet, at the time, on Merkel’s austerity measures in Germany and with that buy, instead, stores of commodities like yours.
You have done fantastic work with your own situation and I do understand the urgency of being out of debt. Thankfully, we are out of debt, but then we are quite behind on storage items, with no gardening situation and no fishing holes!
This coming from the Wall Street Journal is the exclamation mark to my concerns, so it is time drop the procrastination.
Thank you so much for your story. I appreciated it and enjoyed hearing it. You are an encouragement and I’m proud for what you have already accomplished. Makes me want to get going too. Thanks, SD.
God be with us, and us with God.
The only place I differ with you is the Republicans, even holding the House, Senate, and Peesidency, will do any serious budget cutting. They won’t. They don’t have it in them.
So we buy maybe one more year before the bottom falls out. That’s it.
Not likely we'll see a libertarian president this cycle, however.
LOL, post of the day
There will be no austerity till full collapse. Democracy’s can’t do austerity. No one will vote to limit their own take of the look.
Which is why democracy’s always fail. And we are going to.
(We stopped being a Republic a long time ago).
I totally agree. Our govt will continue borrowing and spending until finally they will be unable to avoid the total economic collapse. Use the little time left to stock up on plenty of food, gold, silver and ammo.
I've found that buying grains, brown rice, peas, lentils, dehydrated potato slices, dehydrated potato hash browns from bins at the market is cheaper than buying them in large 50 to 65 pound bags. I bought a 65 lb. bag of red wheat and it was much more per pound than buying it from a bin in a supermarket! The only exception has been white rice; we buy the 16 lb. bags of Basmati rice from India at Costco. (White rice will keep for a very long time; the brown rice will not.)
WalMart sells dehydrated and freeze-dried food in the big #10 cans for preppers. They also sell canned Danish ham (brand name is DAX) in 1 lb. cans. We've bought canned chicken from Costco and canned beef from Krogers. Be sure and check the expiration dates. It is always good to rotate your cans so nothing gets old too soon.
We're buying charcoal for cooking outside. I've converted an old propane-fueled grill/barbecue into a contained unit for using cast iron dutch ovens; the dutch ovens are placed on a large flat cast iron grill (thank goodness for Ebay!) where the burner used to be located. This way I can cook meals outside even if it is raining and the coals won't be flooded out.
It is possible to store charcoal using large plastic garbage cans. About ten large garbage cans should supply most families with enough charcoal to last a year. Directions for making charcoal can be found on the Internet though I haven't tried it yet.
Good luck and God bless. If you have any questions or suggestions don't hesitate to contact me via Freepmail.
Lot of these when I was a kid.
“Eat it up, wear it out. Make it last, do without.”
This says it all. This is the path to prosperity, a little Yankee wit and wisdom from the 30’s.
I have downloaded and thanks!
Isn’t that the deluxe family of 12 model?
What’s the point of the oil and filters? If you can get gas, you can get them. If you can’t get gas...
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