As the Dow Jones appoaches 13,000 and continues to break through multi-year highs, reports over the last several months suggest that the smart money, including major trading houses and hedge funds, is heading for the exits. The latest report comes to us from none other than government bailout darling Goldman Sachs:
Earlier today we got our first clue that the smart money has stopped “distribution” and is now offloading to retail after we saw the first equity fund inflow, however tiny, in months, and only the second one out of 37 outflows since April, as reported by ICI. The second and far more important one comes from today’s Goldman sales roundup, which confirmed that following today’s latest borderline ridiculous meltup, retail investors looking for the sucker at the poker table, wouldn’t be able to find one. Here’s why. Quote Goldman: “As has been the recent trend, our cash flow remains better to sell, both from long-only and hedge funds.” And there you have it: smart money (well, relatively so) has “recently” been using every melt up chance it gets to dump the bags with the E*Trade baby. Third and final proof: “ETF flow however skewed toward better buying.” At this point retail investors may want to ask themselves: what do they know that the others, who are actively selling to them, don’t.
Source: Zero Hedge
In late November 2011, it was reported that a silent run on the banks in Europe had already begun:
As is generally the case in the financial community, the big investors which include large sovereign wealth funds and behemoth financial institutions, are one upping the public by getting out while the gettin’ is good. While mainstream media makes it seem like we are moving in a positive direction with respect to Europe, one thing should be clear: it’s a sham. This the same thing we were being told two years ago, a year ago, a month ago, a week ago. Nothing could be further from the truth.
…
Business Inside reports that a run on Europe has begun, and large institutional players are liquidating their exposure to European bonds and other assets:
Until recently, the concern about Europe has been mostly theoretical–a potential train-wreck that would occur if/when the world’s lenders decided that the continent’s problems extended beyond the basket case known as Greece and cut lending to Europe’s “core.”
Well, that concern is no longer theoretical.
It’s happening.
The world’s lenders are increasingly deciding that it’s better to be safe than sorry, and they’re pulling their money out of Europe.
Source: The Daily Sheeple
The big money players and investment firms know what’s happening in Europe, as well as the United States.
In just the last couple of days it has been reported that Greek officials arrived in the US to discuss default fears as they approach a March 2012 deadline to make good on bond payment commitments made during their last bailout cycle. For bondholders and lenders who bought into the recovery falsehood and invested money into Greece when they were first threatened with a sovereign debt default a couple of years ago, the possibility of a 50% (or more) haircut on their investments is quickly becoming reality. This has spooked investors all over the world. They know billions of dollars are about to vanish. On top of that, we have the debt of Italy, Spain and Portugal to contend with – a situation that is significantly worse than that of Greece alone.
What we’re seeing from across the Atlantic ocean is that we have massive amounts of outflows, as no one is willing to risk their money in European Union related debt (except the Federal Reserve, of course). Like we saw in the midst of the meltdown in 2008, the outflows are headed straight over to the United States into what many consider to be the last bastion of investment safety – good ‘ol U.S. Treasury bonds. This will have a direct impact on the US dollar, which according to The Daily Crux, may be set to explode to the upside in the very near future. Additionally, stock exchanges are showing technical signals which tend to appear right before market breakdowns.
On top of that, we are hearing that earnings reports for US companies will be lower than expected, with negative news reportedly outweighing positive news by a ratio of 3.5 to 1. This will put added pressure on stocks.
All of these signs suggest that, not only are investors pulling out of European bonds, but also global equities. The report from Goldman Sachs above may be confirmation of this developing capital flow trend.
Confidence in the stability of credit and equities markets around the world may very well be evaporating.
I wanted to add this additional tidbit, but chose to keep it out of the main article……
Is Goldman playing a con game?
Now as an important side note, we should remember that Goldman Sachs is effectively a wholly owned subsidiary of the US government (or is it the other way around?) and we should take their latest information release with a grain of salt, but these trends are being confirmed by other firms, and especially the movement of capital (which is the only thing that really matters).
What it looks like to an observer operating on incomplete information, as we are, is that we may be on the cusp of another meltdown in stocks.
That being said, it is important to remember that we have another major variable (Rumsfeldian known-unknown) in play – central banks. This move by Goldman and other large firms may be nothing more than a warning to central bankers that if they don’t start printing more money and lending that money out to banks, private firms may be willing to crash stocks.
The end game here may be the acquisition of more cheap, unsecured lending – to the tune of trillions of dollars – for the big investment firms. It is this lending that has kept these firms profitable (solvent, really) over the last several years, and its also the primary (perhaps the only) reason why stock markets did not remain at 2008 crash levels for the last several years. We know the Federal Reserve has openly talked of QE3, with some suggesting that such a plan may be implemented within the next couple of weeks. Perhaps warnings of potential stock market crashes from major firms (and make no mistake, this is what Goldman’s report is essentially forecasting) are veiled threats to certain members of decision making committees responsible for doling out those corporate entitlements.
This is, of course, mere speculation, but it wouldn’t be the first time that the stability of our financial markets would be threatened in this way.
See: Are You 100% Sure they Saved The System?: https://www.shtfplan.com/forecasting/are-you-100-sure-they-saved-the-system_02012010
and
Did they crash the markets to send a message to Congress? : https://www.shtfplan.com/headline-news/did-they-crash-the-markets-to-send-a-message-to-congress_05092010
Mac – I’m convinced GoldmanSucks is about the biggest con game in Amerika and worldwide…certainly not just a player! The insiders in the market have been getting out in a big way since before the horrid holidays of 2011. Anyone who has been really planning for the demise of the country got out of the market years ago and invested in those things that will sustain life.
…#10 cans — crisp $10 bills…
mushroom
“`
I hate to say it, but (Short Term) Mushroom is right.
The only place to be right now is the $USD. The US dollar is set to explode to the upside – (Not what the Fed’s want – we’re not able to repay our debts with a strong dollar) – As the market crashes Uncle Ben will come to the rescue with QEsomethingoranother and it will be time to exit the $USD and grab all the hard assets you can and only keep 3mo worth of expenses in paper.
Careful shroomy, there will be a time to cash in on your crisp $10 bills, your #10 cans will be worth more than any FRN.
Who is mushroom?
Who is eeder?
…#10 cans — crisp $10 bills…
mushroom
“`
Found one hell of an interesting quote. Anyone know if it’s truly a George Carlin quote?
“The real owners [of this country] are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they’re an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought and paid for the Senate, the Congress, the statehouses, the city halls. They’ve got the judges in their back pockets. And they own all the big media companies, so that they control just about all of the news and information you hear. They’ve got you by the balls. They spend billions of dollars every year lobbying – lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else.”
“But I’ll tell you what they don’t want. They don’t want a population of citizens capable of critical thinking. They don’t want well-informed, well-educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interests. They don’t want people who are smart enough to sit around the kitchen table and figure out how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago.
“You know what they want? Obedient workers – people who are just smart enough to run the machines and do the paperwork but just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it. And, now, they’re coming for your Social Security. They want your fucking retirement money. They want it back, so they can give it to their criminal friends on Wall Street. And you know something? They’ll get it. They’ll get it all, sooner or later, because they own this fucking place. It’s a big club, and you ain’t in it. You and I are not in the big club.”
It IS George Carlin you quoted.
The quoted material is from one of his last shows,… I am thinking “Life is worth losing” or “It’s bad for ya”.
I really miss him. He had the balls to tell the truth.
PUMP & DUMP!
Kinda like MutherForkers Global, eh except they got it they easy way, they stole it! Oh, I forgot, thats what Oy Vey GoldmanSucks does too!
…#10 cans — crisp $10 bills…
mushroom
“`
mushroom I like how someone called you shroomy. lol But what is the 10 cans and 10 dollar bills thing about? Please let me know.
The ship is going down. Phone the Chef and tell him to send up a magnum of Dom, fresh strawberries and a brick of natural condoms. Send up a large can of Chef Boyardee too. Call me if the little people panic.
Great comment, but if the ship is going down, why worry about condoms? Just raw dog it!
You answered your question when you asked why. Is there keys to turn up a jet? Is there a two way deadbolt on a tank?
Woof, woof-woof. The boat, the boat. Land ho!
Hey Mac;
I have a question you might or your resources might be able to answer. Someone close to me works for the Company, for 30 years and has a pile stacked back in a TSP. (Thrift Savings Plan, federal retirement investment) and she is deep into the G fund. And I mean deep! We don’t know if this account could be touched or gone after. Could be these accounts be in their sites as well. It’s not a 401k but there are matching funds.
No sweat here’s the simple answer. All they have to do is declare it a terrorist related account (this will get me a sure hit with the fed/spooks/trolls), and voila – confiscated!
Worse yet, they don’t have to do anything but digitally drain it and it is gone. It’s just digital dough anyway, so it doesn’t really matter. Now if she had invested it in gold/silver, taken delivery and had stored it in a secure location, then she could count on keeping it for as long as she had the lead and the testicular fortitude necessary to protect it.
GMAFB
I too have investments there. Go to the tsp website. There’s a letter somewhere on it that talks about the G-fund being gov’t securities, and how the debt ceiling is affecting investments in it.
Does the term RUN BABY RUN! have any meaning?
LTR,
GFG
If I were her I would be more worried about a RIF this year. The G fund cannot itself be touched this is a result of the 1995 shutdown where the thieves actually went in and took G fund account money. It was all put back that time. Who knows next time. This time they are not doing matching funds for FERS employees. If she is in CSRS it does not affect her. If she is over 59 and a half and still working she can do a partial withdrawal without penalty. However you are only allowed one partial from the account so the rest of the money will be locked in as far as large withdrawals. Probably the G fund is safe for now but if the meltdown comes it might be painful. When their backs are against the wall and there is a bank holiday it might result in any available accounts being raided. My Executive Order will see to it.
What about things that are unknown not to be knowns yet are still somehow known by those who don’t know?
Those are known as a definite possibility of a firm maybe.
…#10 cans — crisp $10 bills…
mushroom
“`
And yes, they are firm.
Maybe…
…#10 cans — crisp $10 bills…
mushroom
“`
It’s a virtually identical market setup when compared to the months leading up to the October 29, 1929 market crash. Big banks and financial institutions drove the stock market up by collusion and insider trading and when enough unsuspecting and uneducated street investors were on board the big firms dumped their positions at the exact same moment leaving the poor chump on the street holding a lot of worthless paper purchased on margin. The same thing is going to happen again very soon IMO.
Remember 1929 currencies were backed by gold/silver. Also remember its not just hyper inflation to fear, but deflation as well. Either one could happen and in fact both can happen in rapid succession or even at the same time. One minute they want $10 for a gallon of gas instead of $5 and in that same time frame – you can’t get any cash.
The melt down coming will make 1929 look like a blip recession.
1929 is kiddie stuff compared to this…. this is extremely serious.. we are in the fight of our lives, for our lives….its that serious…. were in deep doggy doo guys.
Jim,
We’re already seeing signs of both deflation and inflation. I travel overseas a lot and wholesale prices of goods and services are in decline and accelerating across Europe. Here in the U.S. real estate continues to deflate, while wholesale prices on food are continuing to rise.
In the 1929 market crash, the stock market lost over 80% of it’s value regardless of the gold/silver backing. People still foolishly bought stocks on ever increasing margins and had to sell the shirts off their backs at the margin call. Only those who actually had cash and physical possession of gold and silver bullion survived that financial culling.
If the ongoing financial meltdown even approaches the 80% losses experienced in October 1929, the financial lexicon has not yet been written to describe the carnage that will follow.
Anyone still invested in the openly rigged stock market is the dictionary definition of a “fool”. Is Corzine in jail? Is the head of Goldman-sucks in jail. Is Jamie Dimon under impending investigation/arrest? Is Obimbo under indictment or impeachment proceedings? Are the TRILLIONS in funny money that is the only thing sustainaing the “circus” going to suddenly become gold tomorrow?
Before this year is “played out”, those of you betting on any portion of the stock market con will reap a bitter harvest. Collapse is a mathematic certainty. Sooner than later. I find “predictions” that are “years out” to be utter nonsense.
It will be interesting to see how this plays out along side of the Chinese dumping US Bonds. Is an artificial pump-up of the Dollar, as a prelude to crashing it, being set up?
Check out today’s National Debt Clock:
http://www.usdebtclock.org/
Rice beans and bullets. Looks like a good time to start canning some wild boar. Good luck out there I pulled my money out over a year ago.
We canned more butter yesterday and plan to can chicken tomorrow……….keep preppin’
(making soap today!)
@1happycountrymom,
I canned chicken earlier this week and plan to can butter this weekend. Great minds think alike!
I am finding that the ‘sale’ prices in the grocery stores are what were recently the regular prices. Need to can and/or freeze as much as possible. It’s getting scary in the check out line.
I noticed the price change when I went to the store the week before Christmas. The prices of many items had more than doubled. For example, at one store a head of cauliflower was $4.99. Of course, everyone was buying whatever it was at whatever price the store was charging because it was for Christmas dinner.
After Christmas the stores put on “sales” which were just slight discounts of the grand theft prices of the week before Christmas.
They were trying to sneak the higher prices through just like Obama snuck the NDAA through….behind the shield of a holiday.
REPEAL NDAA
REPEAL PATRIOT ACT
AND THAN THE ENTIRE SENATE AND CONGRESS AS WELL AS BARACK OBAMA MUST RESIGN…YOU ARE IN VIOLATION OF FEDERAL LAW, YOU ARE IN VIOLATION OF THE CONSTITUTION… LEAVE DC NOW!
please share: how do you can butter?
Jenn go here… http://www.endtimesreport.com/canning_butter.html
skip step 6 and just move the jars to a cool counter top.
Keep shaking and they will set up just fine. Start with a smaller batch the first time. 3 lbs. (boxes) will fit
perfectly into 4 pint jars with a little space at the top for shaking. Good luck !!!
(also, I dry my lids before placing on the jars)
I have canned butter per the instructions on the link that 1happycountrymom posted without any problems. Some people advocate pressure canning butter for extra safety. There are some good youtube videos on this if you want to can your butter that way. I have had not been very pleased with the results from pressure canning. However, I do waterbath process my butter for 40 mins. and am very pleased with how it turns out.
Do not use all salted butter as it will make your canned butter too salty! And do be very careful not to let it scorch. That can happen quickly if you are not paying close attention.
I’ve been very happy with using canned butter. It has a different texture, but tastes very good. Good Luck!
smokin okie… you’re first in my book!
…#10 cans — crisp $10 bills…
mushroom
“`
What does that mean?
I’m thinking he means stockpile long-term storeable food, which often comes in #10-size cans, and stockpile cash, not in twenty dollar notes.
Stocks have had quite a run up recently, and for no underlying reason. This leads me to believe hedge funds are pushing up the market (as they often do), only to cash out and realize some gains. The U.S. financial press is pathetic, on a bad day they TV spews countless stories about bear markets and the euro zone crisis, and on a good day they’re talking about the great bull market and how the recovery is roaring. I’d say the smart money is getting out, probably a good idea for the little guys (us) to get out too.
IU, it’s both frustrating & confusing to watch the stocks go up when you’ve already cashed out and taken a huge hit on taxes & penalties. Not that I’m cheerleading for a crash but in a sick way, for me, it would justify that decision.
Might be a good time for someone with an options account provided if the VIX on the DOW is low to buy some out of the money DOW puts. The loss will be small if they expire but if things go down the toilet it could be quite profitable.
silver & gold is a really good buy right now.
Sure is… My concern is a short-term hit to all commodities if markets drop as a result of the European collapse. Any down-turn in PM’s will be short-lived, IMHO, but still, we could see a big drop… 20% or more… just like 2008. But, since it’s impossible to predict these things with any degree of certainty, dollar cost averaging into PMs and buying what you can when you can is the strategy I’ve been employing.
I only bought PMs once when silver dropped below 16 a couple years ago. I bought enough Eagles to get a discounted premium and planned to sell some off to friends, but no one was interested. Even if they drop 20%, they will still be up over 50% in two years so I think I will just hold on to them rather than try to time the market. Dollar cost averaging is a good method, but I allocated 1/3 to land/buildings, 1/3 to provisions, and 1/3 to precious metals so I do not have money to buy any more.
AAAAAAAAAmen!
Mac, I agree with this assessment. Europe will most likely melt down first and there will be a flight (short-term flight, that is) to US dollar-based assets, which while being shaky, will seem safer than those that are Euro-based.
This will cause commodities like gold to drop domestically for a short while, creating what may be the last good buying opportunity for PMs before they resume the upward trend of most of last year.
Silver flr is near $28
gold near $1550 or so. China,russia,India are buyers at this level.
we’re 1 event away from a major melt up.
Could b Iran, a hard default by Greece or a black swan – most likely.
Considering that China, russia, et. al. are buyers at these levels, i find it hard to believe that any ‘correction’ in precious metals will be a long-term move. There is floor on PM’s now, and i think big buyers would move in hard and heavy it happened to collapse to, say, $1200 oz for gold.
Gold is usually a safe bet, especially when stocks are “up”. However, be careful with gold ETFs and gold-backed funds. In a true SHTF scenario, the claims on claims on actual gold may not actually be worth anything. I know zero hedge had an article about it a few weeks back. But in any case, the safest, while most inconvenient way, to invest in gold is physical gold…
Gold and silver. Physical. Only physical. Peace of mind. Piece of mind.
so how much time left?
12:43 19 January 2013
Good one 😉
Plus or minus 4 years.
I lied.
5, 4, 3, 2, …
Creasy: I got all the time in the world. *You* don’t, but I do.
[Creasy has rectally inserted a five minute time bomb into Fuentes]
Fuentes: A last wish, please, please. Please.
Creasy: Last wish? I wish you had more time.
Could be ten years. Don’t get caught up in the hype, don’t get into debt prepping, take your time and think clearly. Don’t get swept away by the collapse pundits. Walk down and do them ALL, don’t run and do ONE.
Maybe less than 60 days.
March 20th Greece defaults on their $18Billion (USD) bond payments and March 22nd the Earth endures a 9.2 Richter Earthquake…Both of those events should start the ball rolling downhill. Just saying.
Dad
Durango-tried e-mailing your yahoo account but it bounced. Try me at [email protected]
about as long as it takes
This is bad, very bad! While the blind sheeple citizens are making there run on the banks, old C.C. rider will be makin a run on the local supermarkets and sporting goods store!
Today’s Yobama:
‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’
— Thomas Jefferson, 1802
Y’all Beware!
So, after 210 years was Thomas close enough?
Although I am a big fan of our founding fathers I unfortunately have to burst a few bubbles here and there and say that quote, although moving, is actually false. Thomas Jefferson never actually said that but if he was alive today, he would agree completely with it.
http://www.snopes.com/quotes/jefferson/banks.asp
Not only is the paper scam running, Geithner just halted all deposits into federal employee retirement accounts. In the words of Emperor Palpatine, “Everything is happening exactly as I have foreseen.”.
Okay, well, not exactly. But there’s a lot of messed up financial news lately. I hope everyone here is as far out of paper as they can be.
Here’s the link to the story.
http://www.thedailysheeple.com/credit-limit-reached-u-s-treasury-department-suspends-pension-fund-payments_012012
Thanks for the link, I bookmarked it for further reading. And thanks Mac, This is one of the best places on the net for real info.
That pension fund payment suspension is just a foreshadowing of what we’ll see when thing get really bad. Retirement accounts (private and public) will be the first place .GOV goes for money when no one else will buy our debt.
Nice read. I wonder if we can believe much of what GS says.After all they one of the top 5 banks and stockholder in the Fed.If you look at the off balance sheets of these top 5 they have more than 200 trillion in hedges. Our Treasury is complicit in this through the ESF and provides them with virtually unlimited low interest FRNs to prop up these hedges.Therefore they can continue to skim off the markets as long as they like.
Keep your head and arms inside the ride at all times!
Here we go!
SIT DOWN!
I was bought out for my pension. I have a nice hunk setting there that I am drawing on. I contacted my broker last year and said go all safe. Like a dumbass i let him talk me out of it. Any money I draw out is subject to taxation. I guess I can put it in Money market but if I draw it all out I will get clobbered on taxes. i am absolutley bumfuzzled as to what I should do.
P.S. I have plenty of G and A. 😉
I got out of stocks and into hard assets/commodities when the dow rebounded to 11,000 a couple years ago. Now the only stock I own is livestock. No futures contracts or ETFs for me. If I cannot touch it, I do not own it.
It’s still will be paid out in a devalued or revalued fiat currency.
Hard assets and commodities are things like rural real estate, precious metals, livestock, solar power systems, and food storage. Why would I be paid out if I own them directly?
I stand corrected. I misread your post.
Good stuff Mac.
Home again today, and for the moment I still have power. 10″ of snow yesterday and freezing rain last night into this morning. This makes for good practice for when it finally goes out for good.
I understand your points here Mac, but a very high source says they are going to print it over. If it takes $30 trillion, this can is getting kicked down the road at the very least till 2013.
Here is my dilemma, get out now or wait a little while longer.
@king: if Patriot is right and there is a very strong possibility of more easing, your dilemma isn’t that much of one at all. You can get out now while the dxy is 70. With more easing all gains you may see would only be erased by a weaker dollar.
Sorry King my message somehow was missing information that I had typed in. What it was supposed to say is that you can get out now while the dxy is above 80 or wait for more easing where your stock yield will increase but the dxy may drop to 70.
With more easing all gains you may see would only be erased by a weaker dollar and less purchasing power.
@Patriot One,
I hope you’re correct, we are looking to move to AZ. We have a pretty good set up here in WA but more family and sun in AZ. The transition worries me because I would hate to be in the middle of the move when SHTF.
The IMF is contemplating a 500 billion backstop for Europe. That will calm investors, at least until more money can be printed.
I’m tired!
Funny soon even the folks with all the cash won’t know what to do with it all. Since most don’t use it for good they are only concerned about making more all the paper in the world can’t help you if your heart is not in the right place MONEY ISNT EVERYTHING! How have we as humans become brain washed into thinking life is all about the MONEY Its a bad deal!
Money makes life easier. It gives one freedom from worrying about the day to day. If you have a problem with that it is probably because you are poor due to your own bad choices which you get pissed at yourself about. Life is much nicer when one does not have to live paycheck to paycheck. It also gives you the ability to help out family and friends which soon will be life and death for some.
We’re all going to Disney World and get a job.
They don’t have jobs. They have positions… and some day they will call him “a great leader”.
They aren’t offloading them to me. I got out of the stock market. All my retirement money is in savings type accounts – you know, the “guaranteed” funds – like there is such a thing. I need to get it out of there too, I’m working on it.
Land. Gold/Silver. Food. Lead. Seeds. Quality hand tools. Solar Power. Well hand pumps and purification systems. That’s where my money needs to be.
what type of hand tools?
the finacial institutions can play this “shell game” for a long time before it gets really bad……so with that said, gives me more time to keep on prepping.
I hear you can’t go by charts because the system is RIGGED. Everything is RIGGED. Best to hold on in gold and silver in what you got before its gone.
Everyone here advises to invest in gold or other PM’s… can someone tell me how much they’re worth? simple question from a simple mind.
best place to go for up to the minute info in value of PM’s is http://www.Kitco.com
Speaking of “melt” downs, this is probably a mute point here, but don’t buy any Chinese made ammo.
http://www.bayoushooter.com/forums/showthread.php?35366-44-Magnum-Accident
Ouch!
I admit though, I do have some of that Russian made silver bear / golden bear ammo in 7.62×39… The SKS handles it quite well… The bulk price of the ‘bears’ is just too hard to pass up.
The only issue I could find with that Russian ammo is the “steel” casing and they tend to be on the “dirty” side. But I’m not an ammo expert. If it works, then it works! My ammo needs are .308, .45acp and 12 gauge. I believe all my ammo comes from the USA except for Fiocchi, italian, which is outstanding.
I keep quality USA made ammo for my SHTF needs. But for practice in my AR’s and pistols I use Russian ammo. Yeah its dirty powder, but its so much cheaper to shoot.
You’ll here people say don’t shoot steel cased ammo in your AR, it will ruin your chamber, I just laugh and then educate them. Steal cased ammo is annealed, on the Rockwell hardness test it is very close to brass in hardness after the annealing.
I reload for some of my rifles and that bring me to another myth I so often here, you can’t reload steel cased ammo. Well it is harder, and I don’t bother with it, but I have done it and know of people that do.
If I was loaded with more FRN’s than I knew what to do with I would only buy American made ammo. I prefer to buy American when I can but I shoot a lot so I buy Russian.
But as I said I have a good supply of quality American for my defensive needs.
Thats because it’s an SKS/Ak Russian Gun.They handle most 7.62 AMMO and work.Might not be cute or accurate outside certain ranges,but a shit kicker and wall of lead.Im sure you know,just mentioning.
yeah, it’s a solid SHTF weapon in my opinion, and priced very fairly for what it brings to the table.
Well no worries there since Chinese ammo is banned from import in the USA since 1994 during Clinton.
This story is a hoax, Even without the import ban I would call it BS because Chinese ammo is steel cased not brass cased.
Most likely either he is a reloaded and accidentally double charge the powder by mistake and was to embarrassed to admit it, or the gun in question was out of timing, or had an improperly machined cylinder.
But it wasn’t from Chinese ammo.
Im going to reflect exactly like you said, I have seen something simular to this and it was caused from Cyl to barrel timing when the hammer drops, I have also seen another hand gun that looked almost exactly like that one although smaller cal and shorter barrel, but it had 3 over charged “test” rounds in it and it was set on a firing vice stand and it blew all to smiherines.
If that guy was really holding that 44 when it went off like that.(we have 3 .44 rounds going off at once and schrapnel flying everywhere).he’d be dealing with more then just a dink to the forehead to show for it.
thats a BS explanation, and also where are the other bullets in the gun , no way you’d get em out after it blew up like that. so that tells me picture of a”test”
RON PAUL 2012
Let’s hope he does a great job at the debate!
By the way, it turns out Gingrich is a polygamist and Romney approves, while the third stooge is busying playing footsie with the gangster banksters to raise the debt ceiling again.
ron paul is a nut
I’ll just keep investing in my 401k as if I’ll never see the money. I mean, there IS always an off chance I’ll be thankful I did, right? 😛
fatty,
if you have millions , it wouldnt hurt to put a little in i suppose…. but i wouldnt hold my breath of that working out for you…..like you say , there is always a chance as slim as it may be.
Does anyone have any idea why beef prices are getting so high???
yes, demand, fuel prices, manipulation.
The cows formed a union, and demanded higher earning for the fruit of their loin. 🙂
Do you have some kind of beef with unions? (sarcasm)
Anonymous: This is only my opinion about beef prices. Could be one of them or a combination. Live cattle stayed steady at 120 until christmas, then jumped to around 126 and feeders were steady around 137 and jumped to 150. The reasons could be the drought in SW and ranchers shipped more cattle than what speculators originally thought now they foresee a shortage for a few years until heards are revived. Or they could be betting that there will be more monetary easing in the near future. Could be that the upper midwest (grain belt) has not gotten very much moisture this winter and they are worried about a corn shortage and a drought in the grain belt.
I personally think it is a combination of the 3. I also think beef will continue to rise in grocery stores. My advice is to find a local rancher and packing house and buy a side early in the summer. That way you know the cow and you know what it is feed and finished on. If corn? Ask where the corn comes from. The packing house will cut the beef to your personal preferences. It is a win win for everyone.
Mike,
Good advice on finding a rancher. Our feedlots are full in the panhandle, winter wheat did good for a few weeks but now its burnt up. No rain 60 and 70 degs a 4 to 5 days a week. I’ll know more after this weekend at the ranch my son in law works at. But it ain’t looking good so far for beef. I think by summer we will have a 20 to 30 % increase at the market. So if you got Deer shoot-em. Got wild pigs shoot-em, Got pheasent or quail then I coming to see you…LOL. we got a whole s–t load of snow whites and Canadian honkers if you want to eat that crap..Oh And he say’s he has about 25LBS of calf fries for me to pick up.
DPS
With the notable exception of the cow.
mike..excellent advice on buying your beef local. I don’t live in “ranch land” but there is a local beef farm that does not use GMO feed on their cattle.They also butcher their own beef.They can hardly keep up with local business.
In large part due to the beef sell-off last fall in Texas and Okla due to the drought. The beef supply is now getting very limited and there will be a period of time before herds can be replenished.
Beef prices are and will continue to be high priced for the next two years or so.
This is because of severe drought in Tx.and elsewhere somewhat.
Cattle ranchers liquidated last summer because of price/scarcity of feed.
Peanut prices also were affected in Georgia because of drought.
Look for the same happening w/fruits and veggies.
Enjoy the ride!
The cows are getting waterbeds now. It was on the news.
Stock market is a giant bubble and casino. How can the “value” of average stock keep on rising when the (visible) economy is collapsing? How can the “value” of stock on average keep rising when the real-estate ads show a terrible house market, when the local restaurants are near-empty after longtime success, when the local mall went bankrupt?
National Defense Authorization Act =
M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W, M A R T I A L L A W,
GOT IT!
POST NOTHING….THEY ARE WATCHING NOW.
PREP UP.
REALITY
THEY CAN GO TO HELL WITH THEIR MARTIAL LAW….
HEY HEY
HO HO
BARACK OBAMAS GOT TO GO!
RON PAUL 2012
Looks like the subhuman-assholes are going after Ron Paul in a big way.
http://www.informationclearinghouse.info/article30284.htm
@eeder,
…#10 cans — crisp $10 bills…
Y’all Beware!
Anonymous, yeh like you didn’t know. LOL
Alan Simpson, Senator from Wyoming , Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats.
Here’s a response in a letter from PATTY MYERS in Montana … (Go NinaO)
I think she is a little ticked off! She also tells it like it is!
“Hey Alan, let’s get a few things straight..
1. As a career politician, you have been on the public dole for FIFTY YEARS.
2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).
3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud..
4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.
5. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.
6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent people spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.
To add insult to injury, you label us “greedy”! Well, I for one I have a few questions for YOU.
1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?
2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?
3. How much do you pay for YOUR government provided health insurance?
4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?
It is you, Alan Simpson, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it.
And you can take that to the bank!
If you like the way things are in America delete this. If you agree with what a fellow Montana citizen Patty Myers says, PASS IT ON!!!!
Y’all Beware!
Cause there is better stuff to come!
yall beware/mushroom/nina
ok.
Mushie:
She sounds like my kinda girl!
Just a passing thought…one of the reasons my GF wasn’t totally flat broke like so many of his fellow Americans was due in part to his water company stocks.There are some still around since the early 1900’s.AND,get this..THEY NEVER missed a dividend!The water issue is why Chicago,Illinois is a large as it is today.They controlled the water supply for miles around and forced most of the local towns to incorporate themselves into the city.
Best to All
GFG
Cut – Paste – Done!
I’m curious what a CAT scan of the brain of the one individual who gave a ‘thumbs down’ on this comment would look like.
Old, old, OLD news, Mac. This has been in the financial press (and blogs and web sites) for weeks now.
Loose and shaky as it is, the American equities market is a last resort for people fleeing Europe, which is why the NYSE is as high as it is. And frankly they’re being taken to the cleaners by the shysters selling them the stocks.
The only glimmer of good news is that Romney is fading in SC. Maybe the sheeple are catching on that he’s as much a tool of the Vampire Squid as is Obowma.
Patty,
Your Wyoming neighbors put that moron in office and voted him back in everytime they had a chance. They are as much to blame as him!
“Confidence in the stability of credit and equities markets around the world may very well be evaporating.”
Gee, ya think? How about confidence and stability in the futures markets and so-called segregated accounts? 🙁
eeder, Thanks dude.
Now, there lives a little finger attached to a person that pushes a key and says THUMBS DOWN on my previous post. Either you made a mistake, or the Good Lord forgot to attach you to the rest of the tools (that are sharp) in the shed. So, what is it gonna be?
Oh, I’m so sorry I forgot that from your perspective, the secret of enjoying good wine is:
1. Open the bottle and allow it to breathe.
2. If it doesn’t look like it’s breathing, give it mouth-to-mouth.
Drink up, enjoy and vote for BO, you probably are familiar with the finkster muscle.
Y’all Beware!
I think I am going to spend $1,100.00 on one million Dinar. They have to get out of chpt 7 to get sanctions lifted and they meet with the UN for this to be lifted in June….they have a central bank now….might as well use their own system and make some money….this is a rare opportunity to make a LOT of money
during the great depression 1929 it’s recorded that those who ignored the markets and just left their money alone in their money market stocks and bonds , made out in the end with profit… 10 years later. came out on top… those who emptied their accounts cashed in their stocks and bonds. lost most everything… personally i would hypothetically empty my bank accounts, invest in gold silver guns ammo food… take a loan to the max amount on my money market accounts buy more gold silver guns ammo food and seed etc etc atleast a 6 month supply, made sure my vehicles and tools were good to go… then sit back and relax and watch the show… it’s coming… now it’s only a question of when… amerika is run by CRIMINALS – IVY LEAGUE MAFIA CRIMINALS… and they want too see you all become goyim.sterilized.tax.debt.slaves poor dumb and enslaved! get it… arm up stock up prepare to defend yourselves from the nwo.zionist.banker.oligarchy and obsama obama!
“Now as an important side note, we should remember that Goldman Sachs is effectively a wholly owned subsidiary of the US government (or is it the other way around?)”
Oh, it is indeed ‘the other way around’. Shocked that you even considered the first possibility.