Posted on 04/02/2013 2:13:59 PM PDT by jwsea55
Last week, the Dow (DJI) and S&P 500 (^GSPC) both beat their all-time closing highs set back in 2007. In a Sunday New York Times op-ed, David Stockman, President Reagan’s budget director and former Republican Congressman, writes “instead of cheering, we should be very afraid.”
(Excerpt) Read more at finance.yahoo.com ...
LOL! Yeah, the banks are safe. Bonds are safe. “Hide in cash!” We see, though, that commodities and stocks just revved up real good.
He was complicit in spending this nation into oblivion, now he writes a book warning of impending doom. What a scoundrel.
Most here understand that Barry has the Fed pumping up the market...now real estate.
Just keep enough food, guns, ammo for 6 months. More if you live in an interesting “urban” area.
Then we will see things shake out into reality. BTW, I sure don't hope anything bad happens...but the hairs on the back of my neck are sticking up.
****
Sooner or later it is going to dawn on the world that since Hussein has had the printing presses running day and night non-stop, that the dollar isn't worth the paper it is printed on.
That's nice. But the government has stolen all my cash.
I’d just assumed that the recent increases in stock prices were merely a reflection of the decreasing value of cash.
Cash has no value these days either
If your house has a fixed price and a fixed interest rate and you have 100 of those say... 1200 dollar house payments in a safe deposit box. Then in that situation your 120,000 is worth 120,000 and you can at least keep a roof over your head for the next 10 years. Same with your car ect... But to buy fuel, food and such then that is where the actual value of the dollar will get dicey. So prepare folks.
Meanwhile, on the island of Yap in Micronesia, they are still using stone money... and are probably more secure.
Hide in commodities.
The major problem with this is - we have sent a bunch of American jobs overseas.
For decades we have shipped US jobs overseas.
Now we have a balance of payment deficit, and we don’t make things anymore.
TURN THAT AROUND NOW.
Stop importing everything.
It will take a couple days for people to get worried. A few more before panic ensues. When the shelves are bare and the bank is closed, the trouble heads for the streets and neighborhoods. If you're still in a urban area, plan for serious trouble.
It gets even worse:
Sounds great but, will you pay $5.000.00 for an iphone once it is made in the USA due to regulations, wages ,etc ?
* $5,000.00
If I remember correctly, this idiot called Reagans economic policy.....voo doo economics....I think he was in the Reagan Adm. for a while
To some, best thing that could ever happen:
December 10, 2012
What Does Let It Burn Mean?
“Let It Burn” is about inaction. There’s no point in trying do anything that avoids going over the fiscal cliff...
Will it lead to massive disruptions? Yes. That’s the point. The current system is rigged against conservative. We should play no part in its perpetuation. If you can’t win the game, concede and start new one. That’s the heart of Let It Burn.
http://ace.mu.nu/archives/335557.php
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