Posted on 03/28/2013 3:32:10 PM PDT by Red in Blue PA
The EU/IMF precedent of raiding bank accounts in Cyprus to bail out the country's financial system sets a dangerous precedent and investors should "run for the hills" said investor Jim Rogers, chairman of Rogers Holdings, on "Squawk on the Street" Thursday. Rogers said that with Cyprus, politicians are saying that this is a special case and urging people not to worry, but that is exactly why investors should be concerned. "What more do you need to know? Please, you better hurry, you better run for the hills. I'm doing it anyway," Rogers said. "I want to make sure that I don't get trapped. Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a 'contribution to the stability of Cyprus. The gall of these politicians." "If you're going to listen to government, you're going to go bankrupt very quickly," he added.
(Excerpt) Read more at finance.yahoo.com ...
Guns, ammo, freeze dried food, silver/gold. More guns, ammo........
Sold out, sold out, sold out...
‘they are making a ‘contribution to the stability of Cyprus’-Rogers
I hear every day from “Progressives” that the rich need to pay more to support the USA. Since it been reported that a majority would have difficulty coming up with $2000 cash within 24 hours. Does anyone think that if it did happen here, the left would complain that the ‘haves’ are not being treated fairly? Just give ‘em a reason.
My 93yo German mother says this is all so familiar.
In other words, Mr. Rogers says to pull investments out of banks. I wonder if he sees commodities as a better way (oil).
You need to watch this.
Yes it’s long, 48 minutes, but if you want to get a better understanding of the issue, watch.
Kyle Bass March 14 2013
https://www.youtube.com/watch?v=ZY6IEpKRA7Y
Pinging for your possible interest....
Preppers’ PING!!
When the Kleptocrats say there is a crisis (Climate Change), there is no crisis.
EU Kleptocrats are all crooks. That is why they always lie.
There’s a Great Storm coming you can feel it.
Its your choice you can prep or you can stand around on a bridge waiting for FEMA to bring you a bottle of water, a MRE, a warm blanket and a kiss for your boo-boo and maybe you can even get your picture as you stand there on the national news.
Any one with half a brain can look around and see for themselves what is happening right before their eyes.
So listen to what the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it. NIV Proverbs 22:3
One of the things Selco covers in this article is the fact that many will not accept that a breakdown is occurring even as they watch it happening before their eyes. Why don’t they realize it? It’s caused by a condition called ‘Normalcy Bias’ a mental state people enter when facing a disaster.
It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.
A good article on ‘Normalcy Bias’ is on our own ChocChipCookies Blog The Survival Mom:
http://thesurvivalmom.com/2010/12/29/normalcy-bias/
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become their ‘serf’. Me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up in with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpful. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, cash (I myself have been putting up change for the past few years both for the metal content and the fact that using change places to make what purchases you can will move you down the the list of possible marks during shtf), tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Again I like to recomend FReeper’s ChocoChipCookie Blog The Survival Mom (Please Blog Police let this one slide!) Where you can get lots of useful information like:
http://thesurvivalmom.com/2011/11/20/8-morale-boosters-for-any-worst-case-scenario/
http://thesurvivalmom.com/2010/02/02/survival-priorities-the-rule-of-three/
And More
Also there is Ferfal’s Blog a survivor of Argentina’s first collapse:
And there is Selco’s Blog a Bosnian War survivor at:
“There is no greater disaster than to underestimate danger. Underestimation can be fatal.”
Get yourself canning jars and a dehydrator. Dehydrate your on food place it in canning jars and vacuum pack it with a oxygen absorber in it. I just used a jar of mix vegetables and a jar of sliced roma tomatoes I put up myself three years ago to make a big pot of vegetable soup! and is was all good. I use frozen vegetables and dump them right into the dehydrator still frozen.
bump
I don’t need a lecture on Japanese economic history and their “Lost Decade”. It happened because they refused to let their banks fail and let the market sort things out.
That we’re following the same course isn’t reassuring, but a guarantee of failure.
Added to my list to watch later.
Yeah he bugged out to Singapore. Once we have reset everything he’s welcome to stay there.
I think I remember him pimping commodities a couple years ago. I believe he said as a long term investment. I’ll see if I can find the story.
It seems he is perpetually into commodities.
http://seekingalpha.com/article/278915-jim-rogers-commodities-like-oil-win-in-every-scenario
Save
Thanks for keeping up the ping list.
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