This article was written by Tyler Durden and originally published at Zero Hedge.
Editor’s Comment: It is what the middle class and poor have been feeling for nearly a decade now, it is the reality that is being held up only by corrupt monetary policies and political interests. It is the great storm which can be triggered on command, and only held off so long.
Growing comfortable to the new norm in the wake of the 2008 economic crisis will soon prove to be a dangerous position. Once the interest rates are raised, or the free money flow tightened, the hammer will drop; meanwhile, the red lines of debt are coming due with extreme consequences in both personal and state lives.
Carl Icahn Turns Apocalyptic: “I Am More Hedged Than Ever, A Day Of Reckoning Is Coming”
by Tyler Durden
We profiled Carl Icahn’s notorious bearishness most recently two weeks ago when we showed that for the second quarter in a row, the billionaire’s hedge fund, Icahn Enterprises had kept on its record short bias, manifesting in a net -149% market exposure.
Unlike other hedge fund managers, however, Icahn does not provide monthly letters explaining his mindset which is why we eagerly watched a expansive, 40 minute interview he gave to Bloomberg’s Erik Shatzker, in which in addition to a detailed discussion of Trump and how the Republican presidential candidate would change the US economy, he shared some much needed insights into his gloomy vision of the market.
Below are some of the key excerpts from his discussion of the market:
Shatzker: Why is it that the stock market is where it is? That with valuations so high that I noticed in the letter that — or at least in a statement that you made with your son, Bret, earlier this month, that you don’t feel confident making any large investments?
ICAHN: Aabsolutely, Erik. I have hedges on, I’m more hedged than I ever was. I will tell you there’s certainly good companies. [The market] is way overvalued at 20 times the S&P and I’ll tell you why: a lot of it is a result of zero interest rates. It’s just what I said. You have zero interest and a lot of buybacks. Money is not going into capital.
So think of it as a rich family that just decides “we’re just going to have a lot of fun, we’re going to sit around in the pool, and we’ll keep printing up IOUs to the town, we’ve got a good name.” You keep doing it until you go broke. And this is what’s happening in our economy. Zero interest rates are building huge bubbles. You have retirees that saved a million bucks, half a million bucks.
I think the market is at literally very high levels because of zero interest rates, and if you really look at it, the dollar is pretty strong right now, which is going to hurt international earnings. The S&P, they live on international earnings. That’s going to be hurt. There’s going to be a day of reckoning here. I’ve seen it many times in my life. When things look good, they look great. You go into the sky. But that’s when you have to really pull down and really stop buying. That being said, I’m not going to tell you it’s going to happen tomorrow, next week, even next month, even next year possibly. But it’s going to happen, and you have to change the direction of our economy. I can’t say it plainer than that.
* * *
[T]housands of CEOs understand the problem. They say one day, a regulatory agency, EPA, waves its wand and we’re bankrupt, or almost bankrupt. We’re losing a fortune. Why the hell should I invest in more capital? Why should I invest in more machinery? Therefore, we can’t compete, and therefore the middle class does not have manufacturing jobs and we now say, well, we’re not a manufacturer, we’re a service company
What could cause a crash:
Shatzker: You say, Carl, that a day of reckoning will come for the stock market. You can’t say whether it’s going to be this week, this month, even this year or next year. Let’s talk about the factors that you believe would precipitate such a correction. What could cause stocks to fall?
ICAHN: Erik, I think I’ve been talking about it to you this whole interview. One of the things that’s causing it to fall is happening right under your nose, that we have no capital spending. Capital spending is going way down. In a society like us, manufacturing is important. I don’t care, sooner or later, you can’t just keep tweeting to each other. You can’t text each other.
We say we’re a service economy, that’s great, we’re a service economy. What does that mean? That we text more to each other. Sooner or later, everybody is going to send a text to each other and say isn’t that wonderful, so why should anybody work? Just sit there and text to each other or watch TV. So I am saying to you, this is what is happening as we speak. Capital spending is down, obviously. The last two years, I mean, it’s just down four percent in the last quarter which is unheard of when you don’t have a recession. OK. Productivity has not grown. In fact, it’s the lowest growing it’s ever been as far as growth goes. These are very important things in a capitalistic system. Unless you have a dictatorship, you’re going to go the way of Cuba. Well, Cuba was a dictatorship but it still went that way. But then you’re going to go the way of Venezuela, Argentina. You’re going to be in a major problem.
He then turns to the economy and social turbulence, where he repeats “shocking” allegations made by Trump, namely that “unemployment numbers are not accurate”:
You see GDP is not going up, I could give you a lot of reasons. But the most important is that the middle class worker is really, does not have good jobs. This unemployment numbers are not accurate in one way, that a lot of these guys have left the work force, and two, these jobs aren’t paying that well.
So I am saying that the middle class – that is why you saw this uprising for Bernie Sanders and you see it for Trump and you see Brexit and you see what’s going on in Italy. I think there’s an undercurrent of great unrest in our global economies. This “one percent”, people resent it, and they resent government for allowing it to happen.
Last, and certainly not least, is perhaps the key issue at the bottom of everything: the US Dollar as a reserve currency, which has permitted all of the above to happen:
Now, the thing that goes for the country as you pointed out is, we’re a reserve currency. But I don’t know how long you can depend on that. So I am just saying that sooner or later, there’s going to be a massive problem, I think.
The full 40 minutes interview is below.
This article was written by Tyler Durden and originally published at Zero Hedge, where the economic reality comes into view.
Most people can’t diversify. They contribute to the hedge funds through their mandatory retirement paycheck deductions. They can’t get their money out unless they quit or retire.
If you are on the line about retiring, now would be a good time to do it.
I watched an interview on Icahn about a year ago. The man is brilliant. He isnt chicken little and the way he explains his opinions is easy to understand and seems to make a lot of sense, at least it does to me. I have more confidence in this man than any other. Sorry Durango Kidd. For us, the average joe, it’s gonna be extremely painful, but when the bottom drops out from under the almighty dollar, then even guys like Icahn become an average joe.
Everyday is an opportunity. Stay quiet Be smart
Carl Icahn, seems to be powerful, because he has a lot of money that he uses to push around people and influence companies to do what he wants them to do. He buys large positions in a company then threatens the board to adopt policies like stock buy backs, so he can make a killing for himself, not for the companies longivity. Other than being a self indulging predator, he is not for the employees or the company long term. Unlike Investor Warren Buffet, who take large positions mostly in Blue chip companies and sits on them for a long time. Icahn is a Tribe member, and so that’s explains lots of his motives. I don’t respect him much at all. Hard to live a full life when Greed is your only motive. I watched his position in Netflix, and he was a bastard to that company.
~WWTI… Prepping is like a hedge on an uncertain future. Covering your bases for what if’s. But We here mostly prep, not for greed, but for a sustaining lifestyle to get through the downturns.
Spot on. He did the same thing to TWA. Uncle Carl came in and destroyed the airline. Many good people lost their livelihoods. He parted out the company to line his pockets. Yes, he’s smart. But he is also only in it for himself. He will have to recon to GOD someday, as we all will. He is also right about what is coming. Keep prepping.
Well then, I stand corrected. My apologies.
Ya JACK , i listen to him as well , but what DK says aint much different , just the reserve currency thing .
We will see world war 3 thru 14 over reserve currency status.
So lets hope it dont change .
LOL , I got nothin , and nothin but hayfields to lose , i dont have a stake in the markets , but i damn well understand that everyone will pay for this !
Let me add :The dollar wont ever go away and have NO value.
It may just be diminished into a basket of currencys , but as long as the republic stands , so will the dollar.
Just the humble opinion of a dumb farmer from flyover country.
If the dollar crashes or diminishes, even those who own land will still have to pay their property ‘taxes’ or be forced off their own homestead, which is one major goal of the nwo and agenda 21. Better pray that crooked globalist hitlery doesn’t get in power to seal their deal.
I pay my property taxes in US dollars. Regardless of the true value of that dollar. Until they change the law they can only raise my property taxes at the rate of 3% per year regardless of assessment increases. Hyperinflation will not affect that, and I don’t think a depression will affect me much either, since making my house worthless, doesn’t bother me, I own it and if it is worthless nobody will want to take it away from me, nor do they have a basis for taxing it.
Bring on the Depression!
Yeah relik, Florida also has a maximum cap of 3% per year for property taxes increases. Sweet deal. I pay about $100 per acre per year at my BOL. Almost free. shhhhhhhh, don’t tell anybody.
This is Huuuuugggee!!! America to hand off Internet in under two months. This deal is as bad as handing off the Panama Canal, or the US Money system to the Federal Reserve. Read this BS!!!
The Department of Commerce is set to hand off the final vestiges of American control over the Internet to international authorities in less than two months, officials have confirmed. (AP Photo/Richard Vogel, File)
By Rudy Takala (@RudyTakala) • 8/16/16 11:58 PM
The Department of Commerce is set to hand off the final vestiges of American control over the Internet to international authorities in less than two months, officials have confirmed.
The department will finalize the transition effective Oct. 1, Assistant Secretary Lawrence Strickling wrote on Tuesday, barring what he called “any significant impediment.”
The move means the Internet Assigned Numbers Authority, which is responsible for interpreting numerical addresses on the Web to a readable language, will move from U.S. control to the Internet Corporation for Assigned Names and Numbers, a multistakeholder body based in Los Angeles that includes countries such as China and Russia.
Critics of the move, most prominently Texas Republican Sen. Ted Cruz, have pointed out the agency could be used by totalitarian governments to shut down the Web around the globe, either in whole or in part.
“The proposal will significantly increase the power of foreign governments over the Internet, expand ICANN’s historical core mission by creating a gateway to content regulation, and embolden [its] leadership to act without any real accountability,” Cruz wrote in a letter sent to Commerce and signed by two fellow Republicans, Sen. James Lankford of Oklahoma and Sen. Mike Lee of Utah.
In the event any facilities are relocated to China, senators noted, they could go in the same building as the agency responsible for censoring that country’s Internet. “We have uncovered that ICANN’s Beijing office is actually located within the same building as the Cyberspace Administration of China, which is the central agency within the Chinese government’s censorship regime,” they wrote, noting that some of the American companies involved with the transition process have already “shown a willingness to acquiesce” to Chinese demands to aid with censorship.
“While this is certainly not illegal, it does raise significant concerns as to the increased influence that governments … as well as the culture of cronyism,” they added.
***Get ready to be censored or cut off and a slave to their rules.
~WWTI… link: ht tp://www.washingtonexaminer.com/america-to-hand-off-internet-in-under-two-months/article/2599521
we’re with you there, rellik.
We pay a whopping $45. a year property tax on 5 acres.
One reason the place is dead broke!
Own the house free and clear and would not move for heaven or earth.
Like my wife says, “charms and challenges” result for m living here.
(You still thinking about C. Rica? Don’t know a lot about it, other than I hear crime is about out of control. You may have a place in the country there but when you come back after a trip to town there won’t be much left in your house.)
Hammerhead, I’m a dumb truckdriver. The nice thing about dumb people like us is that no matter how bad the economy gets, we will always have work. Sometimes being “dumb” ain’t such a bad thing. Stay quiet Be smart
What “mandatory” retirement deductions? No one is forced to contribute to a 401K.
I worked at a place that had a mandatory 403-B participation
(educational, non-profit). It was part of your employment package. If you refused it, you would be encouraged to leave, or switched to 1099 contractor status, with no benefits.
So pick another place to work. Easy. Non-profits are nothing but tax scams. Ask Hilliary. She and Bill are pro-grifters.
NO, they just match it with free money (that you will never see at retirement) which of course they deduct from the $$$ they would actually pay you. Just like SS. Do you think if they did not have to deduct 15% of that first 90K, that you would not get it? some company would start giving it to you to be competitive, then they would all have to join in. Taxation is theft, pure and simple.
Rosemary makes an excellent hedge.
So do parsley and sage; if you have the Tyme
And some rosemary .
Never liked her anyway…………..
That’s good. Not until it bottoms out will they be Forced to do something to correct what took decades to create. I’ve been waiting down below since 2008. How’s the weather up there ?
Having traded for 20 yrs plus it is obvious these major markets are rigged. The old cycles are not working the way that used to work (we would have had a bear market in these last 8 years). Slowing earnings would have pummeled stocks years ago (Earnings doesn’t cause the reactions it once did in stock price). For example in the old days Apple’s stock price would not be $109 it would be $10.90 as investors and traders bailed out as earnings increase flattened out.
The question is who is doing this to the markets and why is it being done to the markets? The obvious answer we have all talked about is central bank money printing flooding markets. There seems to be no end to talk on this point in trading blogs since 2005. Ten years ago when I heard from my banking friends the Wall Street corruption and Central Bank market controls I was astounded it could happen in the U.S. but I bought in. Back then I posted rigged markets on trading blogs and 95% of the traders slammed me saying that narrative was false. Today if I post a rigged market article 95% of the traders say that is old news and they all know markets are rigged.
We are also seeing more government direct buying of stocks to support rigged markets (e.g. Japan Fed buying ETF’s) and rumors Obama told Yellen to buy stocks before the election to support Hillary. Plus there is ample evidence PM’s have been tampered with. However, there is currently no evidence to support Central Banking(CB) stock buying in U.S. markets while there is plenty of evidence of CB support for stock prices.
People I know ask me why is money flowing into these markets if it is rigged. I tell them the answer is complex but solid. Central banks have destroyed the fixed income market with ZIRP and NIRP making stocks and stocks with dividends the only game in town to get more than 0.25% on your money. ZIRP and NIRP have encouraged corps to sell bonds to buy back stocks and drive up there prices.
The next indicator is index valuation by old earning criteria. If the market ever goes back to the real earnings evaluation we could see up to 60% – 70% let out indexes to get back to “normal” stock prices.
Going forward what is scaring the rigged market is a trump victory (I am a trump guy) or a Hillary victory. If Trump is elected he will probably appoint an anti-bank fed guy to clean the fed up. If this happens many think the world markets will crash since the U.S. CB may no longer be a proxy for rigged markets since a Trump Fed person will expose the excesses. Secondly if Trump attempts to clean up government corruption cronyism may stop and stocks may drop.
Hillary has her own demons (from being a witch). Traders are scared she will destabilize America with the liberalization of laws and the end of the constitution. At Hillary’s anointing the internet will be shut down (and this site). The first Hillary dissidents will be harshly dealt with as free speech is shut down in a European purge. A swift court 2nd Amendment shut down will cause civil strife. America will be flooded with middle east immigrants with rapes, killings and robbery an everyday occurrence at public events (NFL games), malls, airports, schools, hospitals, concerts and any local public event. The 2nd Amendment people who try to stop these wacko Muslims will get long jail sentences. All of these things will destabilize our markets.
Somebody say the hedges need clipping?
things that make you go hmmmmm
Fact check: Fake Clinton medical records
I’m A Doctor Here’s What I Find Most Concerning About Trump’s Medical Letter
LOL , Satori , give it up .
You have lost all credibility . GEEZ………
Go shill for the socialists at a BLM rally , good grief.
fair and balanced ain’t all it’s cracked up to be is it ???
conservative sheep/liberal sheep
they ALL share one thing in common
politicians LOVE people like that
SO easy to manipulate
kinda reminds me of a red meat eating conservative I know
he once told me
“I don’t let the facts get in the way of my beliefs”
PLENTY of that on this site
Satori– in all your talking,who are you going to vote for???HUFF. PUFF again,really!!!
I know your so much smarter then me!When SHTF bet I last longer than you.I may be a old redneck from La.To me your just another educated idiot!!
Huff Puff no ,CNN,npr,msnbc yes like to see what the other side thinks.
Have a nice time trying to survive the shit!!
Huff Po ain’t the problem
the problem is people only want to hear what they want to hear
I could be throwing red meat to the crowd here and they would love me for it
but post anything that doesn’t fit with their personal narrative and the attack is on
people don’t really like “fair and balanced”
they just say they do
they like to maintain the ILLUSION that they are opened minded
sad fact is
MOST aren’t open minded at all
right wing sheep
left wing sheep
as Trump would say “SAD”
I read news from all over the net, dont watch tv news.
I was commenting on your arrogant assumtptions that you know best and everyone else lives in an echo chamber , not true.
Your commentary has gone from insightful to simply divisive and arguementative .
Looking for attention ? Or are you shilling for the democrat socialists ?
making a LOT of assumptions there aren’t you ??
I posted two links to two stories
the ONLY ‘Comment” I made was “things that make you go hmmm”
The Right To Dissent
Throughout history, it is the minorities or the lone voices that need from the majority to allow everyone to question, comment on and criticize opinions with which they disagree. Freedom to be wrong, heretical or “blasphemous” — as we have seen with Giordano Bruno, Galileo, Darwin or Alan Turing — is the only way that civilisation can grow.
Not to allow differing points of view only entrenches positions by depriving people of the opportunity to hear anything that contradicts them. For those doing the censoring, that is doubtless the point.”
fair and balanced baby
fair and balanced
noticeable here that if you dare to even post an opposing viewpoint (and you don’t even have to express agreement with that viewpoint) you are frequently labelled a “shill” or a “troll”
this is merely an attempt to intimidate people into silence
not gonna work with me
free speech-worth FIGHTING for
Satori, try tellin’ that to the Muslim London Mayor Sadiq cunnting Khan.
Americans have got to wake up quick-fast to the reality of what Hillery and her backer Soros are planning to expose your country to.
Vote Trump to help make America safeish again.
Best wishes from the UK Satori ;¬)
I’m well aware of the situation in the UK and other EU countries
as I’ve said
they have sown the seeds of their own destruction
in about 2-3 generations they will be unrecognizeable as western countries
Hillary’s Stools Fuel More Concerns Over Hillary’s Health: Too Sick To Lead?
By Samantha Chang, August 17th, 2016
Hillary Clinton‘s chronic need to sit down on stools during short rallies has raised more concerns over her health even as mainstream news media vigorously defend her.
Photos of Hillary constantly sitting on stools have popped up all over social media after blogger Mike Cernovich first spotlighted the trend and launched the Twitter hashtag #HillarysStools on Aug. 16.
Within hours, #HillarysStools was the No. 1 trending topic on Twitter.
“A reader pointed out Hillary leaning on a stool, as sick Hillary looked tired and fatigued,” noted Cernovich, the author of Gorilla Mindset.
“Now I can’t stop noticing that every picture of Hillary has a hidden stool nearby.”
Clinton’s camp has obviously noticed the #HillarysStools scuttlebutt, as she campaigned without her stool on Aug. 17.
It’s unclear why Hillary Clinton sits down so often, since she suffers from deep vein thrombosis (DVT), according to her own doctor, Lisa Bardack.
HillarysStools fuel questions over Hillaryshealth
Hillary Clinton sits down a lot even though she has deep vein thrombosis, which is exacerbated by long bouts of sitting. (Getty Images/montage by M. Cernovich)
Too much sitting exacerbates deep vein thrombosis, a serious condition that occurs when a blood clot forms in a vein.
Hillary had three blood clots in recent years: A blood clot in her brain in 2012, and two in her leg, in 2000 and 1998.
Clinton also suffered a concussion in 2012, uncontrollable coughing fits, falls, blurred vision, hypothyroidism (which weakens energy and stamina), and must take prescription blood thinners for the rest of her life, as TheImproper has reported.
hillarys stools raise questions about hillarys health
The Clinton camp got rid of her omnipresent stool at a rally on Aug. 17 as questions about Hillary’s health raged on. (Twitter)
In a 2015 letter, Clinton’s doctor revealed Hillary suffers from hypothyroidism (underactive thyroid gland), symptoms of which include chronic fatigue, memory problems and depression.
hillary clinton coughing
Hillary’s health has raised questions amid her well-documented history of uncontrollable coughing fits. (Getty Images).
Donald Trump recently said Hillary “lacks the mental and physical stamina to take on ISIS.”
Trump, 70, noted that Clinton, 69, often “gives a short speech. Then she goes home, goes to sleep, and shows up two days later.”
In the first 17 days of August, Hillary has taken off 7 days, while Trump has only taken off 2.
Even those who hate Trump must concede he does not lack energy or stamina, as he frequently does two events in a single day.
Hillary often doesn’t do rallies on consecutive days, let alone two in one day. Moreover, Clinton has not held a press conference since Dec. 4, 2015. That is unprecedented for someone running to be the most powerful person on Earth.
donald trump climbs highway as hillary needs help on stairs
Trump supporters pointed out the 70-year-old billionaire walked over a rocky highway partition to get to a rally while Hillary, 69, needed help climbing a set of stairs. (YouTube)
Biographer Ed Klein, former editor-in-chief of the New York Times magazine, said Hillary suffers from exhaustion, insomnia, depression, hand tremors and blinding headaches.
“She no longer has the stamina for 18-hour campaign days,” a source told Klein in his 2015 book, Unlikeable: The Problem with Hillary.
Repeated bouts of insomnia have “sapped her energy,” a friend told Klein. “She is exhausted and depressed a lot of the time.”
~WWTI… Hillary- Unfit to Lead.
I am with Carl.
Believe most of the smart money is as well.
Get your sh*t b4 the (s)election.
Well heck…OF COURSE IT’S GOING TO CRASH AND BURN….everybody with a lick of sense knows it.
The million dollar question is when ?
I have asked the same cotton picking question a million times.
Is the more fear porn or what????
Just waiting it going to happen.
another reckoning of sorts
USGS slams study’s claim of 99.9% chance of large L.A. earthquake
85% 0r 99%
both pretty bad odds when it comes to an earthquake in a major urban area
And there’s a 99.9% chance I’m gonna be running to the bathroom after my second mug of coffee.
Listen to the usgs if you believe the rest of the lies of gvmnt propaganda. For as long as we’ve been following Dutchsinse, he as always been spot on with his earthquake forecasts. He even warned of the Japan earthquake in March of 2011.
The usgs has a history of not reporting earthquakes and even manipulating data. The Canadian and European feeds don’t have a problem reporting the truth. Could it be because the usgs receives millions in grant monies
to study how to provide a few seconds warning as opposed to a few days???
Recent forecast and proof:
8/13/2016 — Japan Earthquake forecast hit
8/13/2016 — Japan Earthquake forecast hit
Most Amercians are financially retarded.
Good to know that I am in good company.
hopefully this is tinfoil
WAR?? TURKEY Threatens US: “Give Turkey Your Nuclear Weapons at Incirlik Air Base or We Will Take Them!”
Not to worry. Obama has it all under control.
What is 50 nuke’s anyway.
I really don’t think the military doesn’t have an exit strategy for the tactical nukes on Turkish soil. I really don’t believe the military will follow orders that are illegal and against their oaths to the USA. Officers do not promise to obey the president, like the enlisted guys do. The enlisted guys oath includes obey officers, and president equally subject to the UCMJ.
Obama better not press it, because nobody likes or trusts him.
Have you been keeping up with the Ukraine? Whole lot of shooting going on there. I heard somewhere that there is almost as much as there was last year. I hear it is getting hot very hot over there.
I just wish I could remember how was talking about it.
I have been following that situation
word is Russian is assembling forces on the border
I’m really getting tired of these dumb asses starting one foolish war after another
Some wars are worth fighting Satori… You ain’t no Muslim Bruv!!!
Nice post, Mac. I continue to learn and try to understand. Stuff like this helps.
I shall respond to this POS below. Sorry but off-topic.
Comment ID: 3598960
August 17, 2016 at 4:31 pm
You never handed or called out anything.
You just take what I post and warp it to your fucked up mind.
Oh yea, you were making 180k in the 90’s.
Now live in a ‘cabin’ in a swamp.
Married and divorced twice. Glad they cleaned your clock.
Maybe you were such a shithead to them, like you are here, does everyone see the common denominator here?
BS zone? This shit is all talk and thinks he is the cock of the coop.
OK, This Guy who calls himself a prepper in 1997 before prepping was even a word in 2005, and when called out for that lie, he then changed his mind, and said survivalist as he then morphed his lie into. He is really not much of a prepper at all that I can see. So how about we ask eppe a few prepping questions and see how he responds. These are basic prepping goals.
Eppe, Be truthful.
1. How many AR-15’s do you own? and ammo for them? or AK’s? Do you have any battle rifle. .22 is not a battle rifle.
2. How many 5 gal buckets of mylar baged rice and beans do you have on hand?
3. How many gallons of extra Gas do you have on hand besides the gas in your vehicles?
4. Do you live in the city in McMansion-ville, or in the country on a self-sustained BOL.
5. Tell us how you live off the Grid and your house off the grid? Solar, Well, Septic? Cable? Internet?
6. Are you more than a gas tank away from Atlanta?
7. Is your property fenced in with security like a barbed wire fence and locking gate?
8. Are you still a slave to an employer or self-sustained self made man, or self employed working man?
9. How many cases of MRE’s do you have on hand?
10. How much stored water do you have on hand?
11. How many water filtration devices do you have on hand and per person?
12. Do you have a bug out bag in your vehicle?
13. Do you have a concealed carry permit and carry daily?
Lets see if you pass the basic test of being a prepper by truthfully answering these questions above, or just a Bullshitter armchair prepper, as you present yourself here, drinking and typing and lying about how you invented prepping before everybody else, and then never says how he preps or suggest prepping advice.
Yes I did make $180K back in the late 90’s and have tax returns to prove it. Yes I choose to sell my house in the city last year, and flood zone for higher ground out in the country away from mass population centers and am building a secure BOL location Compound fully all off the Grid, solar, well and septic on raw wooded land, surrounded by water filled with gators. I am living proof of what a prepper is, I walk the walk. I am doing what everybody should to and attain to do, as the smart move off the grid and not exposed to the beast.
So if you want to criticize me for living in a cottage, in the boonies, kiss my ass. You are not a prepper but a big BS’r. I have plenty of AR’15s and ammo to put up one hell of a battle if needed to defend my property from invaders. Security fencing, cameras motion detectors, and neighbors barking dogs. I choose not to have dogs at this time, because it would scare the wildlife off/ my backup protein food supply. I have a flock of 14 turkeys come within a yard of me trusting me as I do them, twice a day. Amazing life what a real prepper is. So go ahead, if you want me to die, come and try asshole. You have not the balls or the courage. You are a fake and a liar. SO tell us armchair prepper -answer these basic questions above truthfully.
I’d say ok and then detonate them all where they’re kept. No Turkey for Thanksgiving.
“Down goes Frazier! Down goes Frazier!”
personally i’m more concerned with the afro dindu nuffin national chimp out, invasion of war damaged middle easterner muzzies and illegal aliens into my neck of the woods then the fake amerikan fiat dollar collapse.
me thinks something wicked comes this way, courtesy of george soros and the zionists.
And one can only arm up and be vigilant for it’s arrival.
“*carry more then 1 weapon gentlemen, it’s good to have options.”
do you think geoengineering factors into his hedging?
‘sooner or later, there’s going to be a massive problem, I think.’
$6.5 trillion missing from Defense Department
‘Fact the Pentagon can’t account for how it spent money reveals a potentially far greater problem than theft’
Currently at $19.4 trillion, the debt is projected to hit $20 trillion by Inauguration Day, up from $10.6 trillion when Obama entered the White House on Jan. 20, 2009.
Put in perspective, it means Obama will have added to the debt as much as all previous 43 presidents have done cumulatively.
Sputnik News pointed out a 1996 law requires all federal agencies to audit regularly.
“The Pentagon has so far failed to conduct a single one,” the report said. “In common language, the Pentagon has no idea how it spent nearly $7 trillion.”
A Day Of Reckoning Is Coming”
What else is new?
No one who comes to this site regularly should not be surprised?
Too many wolf calls that its going to happen like tomorrow!