JPMorgan/Chase is a primary EBT dispenser for most of the Gum't dole now. They are contracted to 24 states currently, but they run through most of the wealth transfer, since those states are mostly BIG ones (translated BLUE)!
Posted on 11/24/2012 5:33:22 PM PST by upchuck
The problem is this. Those who have nothing to lose, you know, the parasites, takers, scumbags, are the ones out there making things happen, beCAUSE they have nothing to lose. Meanwhile, those of us that have everything to lose, don’t, because if we did, we risk losing it. We make phone calls, march a little, but until the whole thing comes down, which isnt good for us either, it will likely not change. We are at the point where we are farked. So prepare as best we can, move money around, what good it will do, and, lock and load!
is it hard to grow corn in the backyard?
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Normally it is not. However the combo of heat and drought this past summer made it very hard.
Most of the deficit is owed to American Citizens ie: Social Security etc.
Where’s JP Morgan when you need him? He bailed out the Government when it went bankrupt before.
Instead of leaving the country I’m seriously considering moving to a small town I’ve recently become aware of in the Texas Hill country. Everyone owns guns and there are no democrats.
Well maybe you could make do with a couple of pet chickens to lay eggs?
This author understates the problem and fails to understand that the debt problem is built into our monetary system. From the day the federal reserve note and reserve banking were established, there was a designed in certainty that the total debt would always exceed the total money supply.
This is the system the entire civilized world runs on and there is no escaping the fact that at no point in time is there every nor has there ever been, enough of this thing called “money” to pay off all the debt on the books, it’s physically and mathematically impossible and always has been.
Much as I hate to admit it, this was not Obama’s doings and no matter who the President is, the choice is between more debt, exponentially more debt and total collapse of the system. There is no middle ground, there is no way to balance the federal budget. Any politician or economist saying we can actually balance the federal budget is either lying to your face or too stupid to be in charge of a lemonade stand.
JPMorgan/Chase is a primary EBT dispenser for most of the Gum't dole now. They are contracted to 24 states currently, but they run through most of the wealth transfer, since those states are mostly BIG ones (translated BLUE)!
Or, sell assets. For example, put the Grand Canyon on ebay for $16 trillion and see if China bites..
I recall reading just before the collapse of the Soviet Union that there was a loosening of the controls on small gardens. It became lawful for people to grow food for their own use. In a surprisingly short time, that 1% of the land being used to grow these personal gardens was creating 24% of the produce available.
should I cash in most of my IRA and take the penalty...what is the penalty for taking out too much......./ BEEN WONDERING ABOUY THAT and find a place to hide your girls even if its in your basement.....keep them safe....GG
What you are describing, and what I think a lot of people are missing, is that hyper-inflation can exist at a time when standards of living are rising or when standards of living are falling.
If standards of living are falling during an inflationary period, then the price of goods and services will be rising FASTER than people's ability to pay.
The farmer pays so much more for fuel, equipment, labor, and taxes that he ends up losing money even though he is able to sell his crop for ten times what he did prior to the inflation.
Some farmers go out of business, resulting in less food grown. People have to eat, but they find that their inflated salaries buy fewer groceries.
Inflation is a hidden tax on money. Such a tax makes bartering attractive and the holding of cash unattractive. Allowing hyper-inflation is like pouring sand into the machinery of our economy. The economy will slow, make awful noises, heat up, and eventually grind to a halt.
Somewhere very warm.
I agree with you. Have as much fixed interest debt as you can carry and hoard US gold & silver coins coins. Then when inflation goes wild trade the coins in for cash to pay off your debt with money to spare.
A better hedge would be resistant issues (whether debt or equity) denominated in currency of a law-abiding, property-respecting country that has a good economy underpinned by natural resources. Australia and Canada would qualify on those counts.
Mutual funds that concentrate in Aussie and Canadian natural-resource issues and consumer-goods (recession/reflation-resistant) equities and short-term debt issues would seem to be a good bet.
Virulent stagflation in the States would likely produce stagnation or even recession in other economies that do business with us and China (China is also courting an implosion, some China-watchers have warned), so running out and buying 30,000 shares of some Aussie iron-mining stock wouldn't be the best idea, but you follow my drift. Of course, that just the concept. Picking winners is the hard part.
How does THAT work?
I doubt that my bootstraps are quite that strong!
“Obama stole the election via massive fraud in Ohio, Pennsylvania, and Florida “?
Come on man, Just because over 100,000 more votes were cast in my district than were registered you can’t make the case for voter fraud now can you?
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