Posted on 03/04/2013 11:14:06 AM PST by blam
Be prepared.
Compiling 12 random points of bad news that include the unemployment rate in Italy is just absurd.
But I just read a story about a coming 3 year bull market. Now I’m all confused.
“”Most of the rally in the stock market since 2009 can be chalked up to the Federal Reserve’s attempt to create a ‘wealth effect’ through higher stock market prices. “
By POLICY and not words, Bernanke and Obama believe in trickle-down economics !?
I wish there would be a collapse, since it would shock people into realizing the failure of decades of idiotic policies and cultural practices.
The EU and Washington know better, and unfortunately won’t let it happen. They’ll cushion the blow with all this cooking of the books and instead slip into the “new normal” of stagnation.
People will adjust, and no one will question it except an angry minority like us who know better.
That’s my worst fear.
Me too!
Suspicions confirmed. The stock market "rally" is a fudge by the Federal Reserve to build up a false confidence in the soundness of the US business climate.
It was ALWAYS smoke and mirrors.
One of the main reasons Obama had no interest in changing the Sequestration agreement is so he can blame the coming economic downturn on Sequestration and the republicans.
And the press will make sure his meassage gets out in a way positive for him.
You can almost hear his whiny voice crying:
“We were right in the middle of a big turnaround and on the threshold of a big economic boom when the evil republicans sabotaged my efforts to avoid the Sequestration cuts just so their rich and greedy 1% pals would not have to pay their fair share of taxes.”
13. Wrestling was tossed out of the Olympics
14. The Super Bowl Commercials were all really, really awful.
15. Anne Hathaway keeps turning up in public without her underwear
16. Wendy’s raised the prices on their Dollar Menu to over a dollar
17. The Columbus Blue Jackets have only won six games all season
Gold, silver, lead and storable food
Be “prepared” how?
How do you protect digital wealth? And its just about all digital. Be kinda hard to walk into your branch bank and demand to see YOUR money...Or to have your 401k liquidated to shove under your mattress.
Food? check. Ammo? check. Weapons, of course...Your wealth?
Hmmm...
I just get confused...i KNOW its coming but I don’t know what to DO.
It may be painful, but the economy is trying to correct, which is necessary before it can get healthy.
Now if we can just get the thieving administration under control, the gods of the copybook headings can fix this mess.
You don't. A certain percentage (up to 100%) you must have in your possession and be able to defend it, hide it, or abandon it as necessary. That percentage of FRNs, silver & gold should be on hand for trading purposes. The percentage and mixture is up to you as you assess the likelihood and scope of change on a weekly/daily/hourly basis.
Be prepared with plenty of all that you mentioned and alternative living sites and/or the ability to survive alone.
Your wealth is your survivability.
Well, you prepare!
LOL, I'm just messin' with you. To protect your wealth, some financial guru might tell you to convert all your asets into precious metals such as gold and silver and stash it all in a hermetically sealed mayonnaise jar buried in the backyard.
However, I'm NOT a financial guru, so any info I could give you would be little more than BS!
Other than standing my ground with my guns and ammo, I don't have any better ideas. If you get some, please give me a holler. Thanks.
Dusty
from 2 zero hedge posters...
mick_richfield
That’s the brilliant thing about conquering a country with fiat currency.
Everybody thinks it’s still a democracy. It still looks like a democracy.
But it’s not. In a fiat currency nation, the political system will shortly be controlled by the people who create the fiat currency. The ‘citizens’ can vote all they want, but they will never quite be able to control their country again.
Then their reptilian conquerors say “You voted for thisss. You mussst pay.”
If they can convince a large enough part of the population that it’s their own damn fault, they have enslaved a nation without a shot fired.
Our enemies are not stupid.
OutLookingIn
“Democracy has proved only that the best way to gain power over people is to assure the people that they are ruling themselves. Once they believe that, they make wonderfully submissive slaves.”
- Joseph Sobran (1946-2010)
a couple of hundred more comments...here...
Convert your digital to commodity wealth.
Food, land, tools, ammo...
Listen to Jack: http://www.thesurvivalpodcast.com
There are a few “getting started” shows and a bunch of specialty shows with a lot of information.
How do you protect digital wealth? And its just about all digital. . . .
__________________________________________________________
It is only digital if you allow it to be. . . .
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You walk into the financial instutition, ask for a check for all your funds then cash the check or better yet use the deposited check to order your junk silver and a few gold coins. Gold coils while an excellent store of wealth in a small space are hard to protect and harder to convert back to spendable cash.
Silver is VERY bulky but very spendable. One to two silver dimes is good for a gallon of gas. A roll of dimes in each trouser pocket is easy to carry but I wouldn’t expect someone to kill for it. A couple of Eagles on the other hand would be something that would be dangerous to carry.
You can easily convert your money into something that will hold its value. Real Estate will not necessairly hold its value but will always have some value. Commodities will hold their value. Stocks of any kind in a SHTF world may not mean anything.
Plan your fortress, plan to protect it. If you have family that has no place to go make sure they know the rules to stay with you.
Don’t plan on travel when times get tough. Read the stories from Cosovo about the people that tried to get out. They lost every thing they had on them and many lost even their lives.
The gangs will come. Just make sure that your gang can inflict unacceptable harm on the other gangs so that they leave you alone. If you don’t have a fortress and the ability to protect it you might as well move everything you have of value to the front lawn and let it disappear and hope nobody comes looking for more.
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