Editor’s Note: Chris Martenson of Peak Prosperity explains the mechanics of a hyperinflationary scenario that could wipe out the savings and wealth of anyone holding a doomed currency. In this case, Martenson focuses his efforts on the US dollar by detailing specific historical and modern day instances of currencies that have either lost favor and been shunned, or were destroyed by their respective government. Without giving away too much of Chris’ analysis, what this boils down to is that you want to trade out of the dying currency and hold assets that will not lose value as the currency collapses – physical goods. Once hyperinflation takes hold it becomes unstoppable, even though there are moments of hope (as evidenced by the timeline of Weimar hyperinflation chart provided in the article below.) The key is to own goods and assets that will preserve wealth or can be traded for the currency as it becomes necessary (to pay bills or transact locally). The article below not only provides historic precedent for why hyperinflation could occur in the United States and to the world’s reserve currency, but how to identify it when it takes hold.
A question on the minds of many people today (increasingly those who manage or invest money professionally) is this: How do I preserve wealth during a period of intense official intervention in and manipulation of money supply, price, and asset markets?
As every effort to re-inflate and perpetuate the credit bubble is made, the words of Austrian economist Ludwig Von Mises lurk ominously nearby:
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner, as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency system involved.
(Source)
Because every effort is being made to avoid abandoning the credit expansion process — with central banks and governments lending and borrowing furiously to make up for private shortfalls — we are left with the growing prospect that the outcome will involve some form of “final catastrophe of the currency system”(s).
This report explores what the dimensions of that risk are. It draws upon both historical and modern examples to try to shed some light on how the currency collapse process will likely unfold this time around. Plus, we’ll address how best to avoid its pernicious wealth destroying effects.
When Money Dies
In the book When Money Dies by Adam Fergusson, which details Weimar Germany’s inflation over the period from 1918 to 1923, the most riveting parts for me were the first-hand accounts from the people caught in the storm.
So many people left their wealth in the system only to watch it get eroded and utterly destroyed over time. The reasons were many: patriotism, inertia, disbelief, and denial cruelly fed by hope every time prices moderated or even retreated momentarily.
The simple observation is that many people had a blind belief in the money system. They lost their wealth because they were unable or unwilling to allow reality to challenge their beliefs. It’s not that there weren’t numerous warning signs to heed — in fact, they could be seen everywhere — but most willfully ignored them.
Most mysterious is the fact that in Austria and Germany, where the inflation struck most severely, there were numerous borders and currencies into which people could have dodged to protect their wealth. That is, protecting one’s wealth was a relatively straightforward and simple manner. And yet…it did not happen.
The Many Types of Inflation
As always, the landscape of inflation needs to be carefully mapped before we can begin to hope to have a conversation with a destination. Where the symptom of inflation is rising prices – in fact, rising prices are the only things tracked by the Consumer Price Index, or CPI – the causes of rising prices are many, but they always boil down to the overexpansion of money and/or credit. Knowing the cause is essential to knowing what to do next.
Here are the main flavors of rising prices that we need to keep in mind:
Non-inflationary price increases – These are caused by demand exceeding supply. It happens all the time. A poor harvest driving up the price of corn is not inflationary, but it will show up in the Consumer Price Index (CPI). These sorts of price movements reverse themselves as markets respond by chasing the price and delivering more of whatever was in short supply. The only exception is when there is some essential, non-renewable natural resource in sustained depletion — which means that demand will always exceed supply and prices will rise and then rise some more. Excessive speculation can also lead to price rises and, as long as the speculation centers on the item(s) involved and not on excessive money/credit expansion, it, too, can be (and eventually will be) reversed.
Simple inflation – This is the ‘textbook’ case of inflation where too much money and/or credit is created relative to goods and services. Print too much money or make credit too cheap/easy and prices will rise roughly in proportion to the excess. Simple inflation operates in the low single digit percentages. Central banks openly target simple inflation in the 2%-3% range as that level of expansion allows banks to have healthy profits, prevents past loan errors from swamping the system, and generally keeps the exponential money system operating well.
Loss of confidence in money – A more severe stage of simple inflation takes over when enough people lose faith in the money and seek to actively spend their money on something, anything, before that money loses value. This type of inflation operates in the high single digits to low double digits, somewhere between 8% and 15%. This is just simple inflation on steroids. Not everybody participates in this game yet, as the loss of confidence has not yet reached criticality, but enough people do to keep this process locked in a self-reinforcing spiral that requires aggressive money tightening to halt. Think ‘Paul Volcker’ and ‘21% interest rates’ and you get the picture.
Hyperinflation – Further along the inflationary spectrum is what happens when a critical mass of people within a society lose faith in their money and the monetary authorities are incapable of reducing the money/credit supply, either because there’s already too much of it out there to ‘call in,’ or because they lack the political will to do anything but print more money in response (i.e., there are no Volckers around). Once this critical mass is reached, every corner of society is participating, and it is no longer socially taboo to talk about the hyperinflation or how to escape its effects. Everyone is wheeling and dealing, speculation runs rampant in everything from stocks to pineapples, and you cannot possibly spend your money fast enough to avoid the ravages of inflation. The annual percentage rates for hyperinflation range from medium double-digits into the hundreds of millions.
Currency destruction – There is another type of inflation that happens when your state currency is shunned by the rest of the world. While there may be no additional money creation and credit may even be dropping, inflation is still a very serious problem as everything imported goes up in price. There are many reasons that a currency may be shunned. It could be that other countries lose faith in the currency due to mismanagement and overprinting. It could be due to acts of war. Or it could happen at the end of a very long period of excessive credit and money expansion, when that bubble finally bursts and confidence in the associated currency unit(s) is lost. There is really very little that local authorities can do to fix things unless the country imports nothing, a condition that applies to exactly nobody. Prime candidates to experience this form of inflation are the US and Japan; the former because of massive imbalances fostered by its several decades of reserve currency status, and the latter because of persistent and massive over-printing enabled by domestic savings and a once-robust export surplus. The dynamic of currency destruction is for imported items to rise sharply in price first, with everything else soon following in upward price spirals. Policy responses are quite limited and are usually ineffectual at preventing a massive amount of economic destruction and wealth loss for the holders of the stricken currency.
It is this last type of inflation – currency destruction – that we’ll explore here, because it represents a severe risk and is very rarely talked about or analyzed.
Spinning in the Water
A modern case study of a shunned currency is Iran.
For a variety of reasons, Iran finds itself the subject of a sustained effort by the US to subjugate its nuclear program to international inspection and curtailment. Already the target of many overt and covert efforts to bring it to heel — ranging from two highly destructive and invasive computer worms (Stuxnet and Flame), to stealth drone overflights, to an international ban on oil exports — Iran now finds that its currency is being internationally shunned.
The impacts are obvious and the lessons instructive.
Already Plagued by Inflation, Iran Is Bracing for Worse
Jul 1, 2012
TEHRAN — Bedeviled by government mismanagement of the economy and international sanctions over its nuclear program, Iran is in the grip of spiraling inflation. Just ask Ali, a fruit vendor in the capital whose business has been slow for months.
People hurried by his lavish displays of red grapes, dark blue figs and ginger last week, with few stopping to make a purchase. “Who in Iran can afford to buy a pineapple costing $15?” he asked. “Nobody.”
But Ali is not complaining, because he is making a killing in his other line of work: currency speculation. “At least the dollars I bought are making a profit for me,” he said.
The imposition on Sunday of new international measures aimed at cutting Iran’s oil exports, its main source of income, threatens to make the distortion in the economy even worse. With the local currency, the rial, having lost 50 percent of its value in the last year against other currencies, consumer prices here are rising fast — officially by 25 percent annually, but even more than that, economists say.
(Source)
There are several factors feeding into the current Iranian currency crisis, including mismanagement of the economy that has left Iran even more exposed to imports than it otherwise could or should be, and Iran’s currency is on the cusp of tipping over into outright hyperinflation. Ever since the Revolutionary War, when the British printed and distributed cartloads of Continental scrip, currency debasement has been a useful tool of war. All is fair in love and war, and whatever corrodes your opponent’s strength is a potentially useful tool.
Note that in the above quotes, we find that both the speculation already in evidence plus the 25%+ price increases support the idea that Iran has already tipped past simple inflation. Whether it can prevent a worsening condition is unclear at this point, regardless of whether or not international sanctions are soon lifted.
More from the same article:
Increasingly, the economy centers on speculation. In this evolving casino, the winners seize opportunities to make quick money on currency plays, while the losers watch their wealth and savings evaporate almost overnight.
At first glance, Tehran, the political and economical engine of Iran, is the same thriving metropolis it has long been, the city where Porsche sold more cars in 2011 than anywhere else in the Middle East. City parks are immaculately maintained, and streetlights are rarely broken. Supermarkets and stores brim with imported products, and homeless people are a rare sight on its streets.
But Iran’s diminishing ability to sell oil under sanctions, falling foreign currency reserves and President Mahmoud Ahmadinejad’s erratic economic policies have combined to create an atmosphere in which citizens, banks, businesses and state institutions have started fending for themselves.
“The fact that all those Porsches are sold here is an indicator that some people are profiting from the bad economy,” said Hossein Raghfar, an economist at Al Zahra University here. “Everybody has started hustling on the side, in order to generate extra income,” he said. “Everybody is speculating.”
Some, like Ali the fruit seller, who would not give his full name, exchange their rials for dollars and other foreign currencies as fast as they can. More sophisticated investors invest their cash in land, apartments, art, cars and other assets that will rise in value as the rial plunges.
For those on the losing end, however, every day brings more bad news. The steep price rises are turning visits by Tehran homemakers to their neighborhood supermarkets into nerve-racking experiences, with the price of bread, for example, increasing 16-fold since the withdrawal of state subsidies in 2010.
“My life feels like I’m trying to swim up a waterfall,” said Dariush Namazi, 50, the manager of a bookstore. Having saved for years to buy a small apartment, he has found the value of his savings cut in half by the inflation, and still falling.
“I had moved some strokes up the waterfall, but now I fell down and am spinning in the water.”
(Source)
All of the important lessons you need to avoid a currency destruction are contained in those passages above.
- Savings are for losers.
- The more exposure you have to food and fuel price hikes, the worse off you are.
- First movers have the advantage. Get your wealth out of the afflicted currency as fast as possible and then trade back in when needed to make purchases.
- Paralysis is a wealth destroyer.
- Fending for oneself is a wealth saver, so faith in authority is best shucked as fast as possible.
Be prepared to follow those rules and you will do better than most.
Barter, speculation, and prices that gyrate wildly as formerly expensive things are traded for basic necessities are all typical features of the end stages of a currency. Crime, social unrest, and sometimes war are handmaidens that accompany the death throes of money.
The basic strategies to protect one’s wealth are deceptively simple. As soon as the process of money destruction has begun, if not before, all savings have to be moved out of the afflicted currency and into things, especially things that others with wealth or barter items are most likely to want.
Turning our attention back to the Weimar episode for a moment, the Amazon summary for When Money Dies reads:
When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy.
Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany’s finances descended into chaos, with severe social unrest in its wake.
The parallels to the Iranian situation are obvious.
Those without the gift of foresight to identify what is coming, coupled with an inability to take decisive action that cuts against the social grain (at least early on), will simply lose their wealth and not be in a position to buy or exchange anything but their own time and labor in the future. This leads to the assessment that owning or producing things that people need or want is a good strategy.
Food is always a good play. In the early stages, we’d also lean towards highly socially desirable real estate and away from middle- and lower-income housing, as ability to pay always get shredded from the bottom up. Gold performs well in terms of protecting purchasing power. According to the article above, Porsches work too. In other words, owning things that wealthy people will desire is a very good idea.
I know this sounds harsh, elitist, and not terribly egalitarian, but it also happens to be how things tend to work out. Since I have a desire to be in a position to be helpful and of assistance in the future, protecting my wealth is a matter of both self and selfless interest. So I study what works and begin there, while also seeking a better future.
The cruelest part of a currency destruction is that it will sneak up on most people, their baselines will shift, and they will be confused by false hopes along the way. This is completely understandable and to be expected. There’s a good chance you’re well acquainted with the chart of the value of German Marks against gold during the Weimar hyperinflation. I want to take a closer look at it by focusing on the wiggles instead of the rise:
Imagine yourself there at that time, getting all of your information from the newspapers and your personal rumor network. Note that from the early part of 1920, prices fell by a lot over the next six months (note that this is a log chart, so even a little downward movement in the line represents a big price drop).
Headlines reported that the corner had been turned and that the government programs had been successful in bringing inflation under control. People wanted to believe that story and so they did.
It wasn’t until the end of 1921 that prices began to rise again, spiking into early 1922 before stabilizing again for approximately eight months. Again people were calmed by the apparent success of the authorities in controlling the inflation.
Because there were three pauses and rescues along the way, the price spike from late 1922 and into 1923 caught many off guard. It was truly shocking. This is when the critical loss of faith finally happened. Yet far too many remained paralyzed, certain the government would again get things under control soon. After all, three times before there had been a recovery, why not this time too? One must have hope, after all…
In the middle of 1923, with very aggressive government intervention, there was a three-month dip in prices and a pause in the hyper-inflationary process. Again, another hopeful moment, but it was the final trap for the unwary.
To put this in context, imagine if next month (August) gasoline prices shot up by 300% to roughly $10/gal. But then, between August 2012 and May of 2013 the price of gasoline fell back to $5/gal. I’d be willing to wager that many of your friends would be telling you that everything was fine and that “they” have everything under control. Perhaps your continued concern would be ridiculed or dismissed.
Then, when prices finally did again breach the old $10/gal highs, some 19 months after the first price spike (in February 2014, in this example), many would have been habituated to the new prices, routines would have been altered, and many would have already inserted a rationalization process into their thinking that would have all of this make perfect sense, albeit uncomfortably.
While not tracking the percentages closely, this example tracks the time frame.
An important insight here is that baselines will shift, rationalizations will be formed, and explanations adopted, principally by those unable to accept that their money is in the process of dying. Avoiding this yourself will require tuning those people out and trusting yourself.
In Part II: Positioning Yourself for When Our Money Dies, we identify the most probable markers for identifying when a full-blown currency collapse is imminent.
What indicators should you watch for? Where should you place your capital to best preserve its purchasing power? What will a collapse of the US dollar look like and what will the likely aftermath be? These and other implications are explored.
Click here to access Part II of this report (free executive summary; paid enrollment required for full access)
I’m investing in anything that’s real. How could you do anything else?
Please Read I know I am breaking a standard I bitch to all High heaven about but I need to get this out.
Update on the Dept of revenue ruling on special event in the state of Washington.
It did exactly what I thought it would do. Our last gun show was 300 plus tables short and all but 2 Private sellers of modern usable firearms where gone and said they will not be back. And the 2 that were there had signs up by the end saying this is the end. Also many business that were there just for fun and a few extra buck left saying its not worth the effort.
As a club it killed us since it was our President of the club that went to the state for a ruling so we could be in compliance. (Never vate lawyers in as leader. Our membership was asleep and numb) He asked for permission instead of forgiveness.
In one signing of a document what the ATF, IRS, Cease Fire and Brady bunch fools couldn’t do Dept of Revenue did in one day.
I have also ran in to every time I try to get this out on Seattle Guns.Net a local form here. My account gets suspended. I have used no name and have had a civil tongue at all times. But as soon as the discussion started the moderator shuts it down. Still do not have a reason. I have started a email tree concerning this at [email protected] (Opsec has been observed) It is going to be a get the word out tree only. Some have suggested a blog but that is currently above my skill set. We will see. We all ready have quite a few WAC member on the list but all our welcome.
This ruling has all ready affect some none gun show events. This will quickly bleed into the Doll show (where many on SS Disability gain a few dollars) Sewing,Car,airplane,Swap,Flea,Barter Fairs. Even Hemp Fest. They need money. Now in the case of the gun show they wont receive $ everything will just go underground again and there will not even be self watch overs the dirty private dealers will come out of the woodwork.
Please look into these so you can confirm this for yourself. And if you are in need of any Private sale collector’s guns. They may need to be moved to the top of your prep list.
I am sorry for the long off topic. But no one is picking up the ball that has a audience outside of WAC and even there the membership is just now waking up and it is basically to late. TPTB found a big source of $ and we all know they won’t let it go. Then the one who try to use a business license will also need a FFL. All Paper Guns.
I know I rambled but I had to do this on a phone keyboard.
Names I have used here
Mike Yes that Mike
Mike
Goldsalvageguy
Facebook
Facebook Page
I do not care if we have gone to blows on any issue. Even if we are opposite end of the discussions. I need help getting this out. There is a large amount of money sitting in this club 3 Million plus. The rumor is this started this but it blew up in the Board of directors face.
I will accept all abuse from the trolls today. Please confirm this yourself.
Please Read this. Major Private gun sale issue.
Thank You Mac for letting this though. I will except all repercussion for off topic long windiness .
@page- I’m sitting around the pool with ICE COLD corona’s watchin rome burn today.
I too, will except ALL repercussions.
I had to go into one of the state of washingtons state buildings to reciprocate a license there once, I remember thinking *kevin thinks* WOW this must be a 100 million dollar building(glass elevators, I’m talkin the works). THEY ARE BROKE. WA will be one of the first states to turn ALL of the interstate highways into toll roads.
You got to STOP them on the gun thing AND the highway thing!!!!!
Organize and destroy their plans!!!!!!
If I lived up there, I would stand with you.(I got my hands full down here, I’ll tell you that)
are you say the WAC is shutting done? i haad’nt heard this yet…..
Its ALL about spreading info and thoughts!!!!!!!!!!!!!!!
Wally no they are not yet. But all the private anything is going away. They will be around twice a year that does not help in the useful firearm private sale. But a rumor I heard was this was a plan to make it where the membership died off and than with a majority vote of the membership that is left they can do anything they want wit the 3 Million dollar that is in the building fund.
Wac has been having nothing but mismanagement problems for years and the membership was to lazy to care. Then add the discharge at the show late month we are even having issue with our landlord there.
Also wally if you didnt know 2 dollar of every entry goes to goal and wac has no say in that monies uses.
STAY ON THE FRIGGIN TOPIC PAGE!!! WTF!!!!
Just kiddin page!!! 🙂
This will be the last year of “Gun Shows” anyway. I hope you get your money back. Oh, by the way, be sure to “vote” in the next “elections”; I hear the “lawyers” are pretty good.
I believe you are right Because if this works here. in either making more money for them or round about way of closing the so called gun show loophole. What state wont use it. They are not going after the guns they are after the tax they will say. Think what every successful gun use to change gun ownership. TAX STAMPS>
FaceBookPage: State governments are in a blind panic. They and the locals (city and county) types spent like druken sailors with more and more schools, police and fire station and better pensions and benefits for all when the housing prices were going up and they never bothered to save for a rainy day. Guess what-it’s raining! All government offices are waking up with a severe money hangover and they don’t know how to pay off their debts. So, they come up with every taxing scheme they can which means a lot more regulations on how even private sales are conducted. If it’s not a charity, every transaction from gun shows to garage sales are going to be taxed and regulated so they can refill their coffirs. But take heart, many people are already trading goods and services on the side in a booming barter economy. And the barter economy will grow in relation to government’s increasing taxes and regulations. Try as they might, it can’t be stopped.
peter parker is right. What else is there to do with fake money but buy real stuff? It holds no value on its own and you get less for it every day.
It’s all paper. Does it take such a long article to tell the world to get out of the paper? ALL paper, not just US dollars.
Spend it as quick as you get it on things you will need next year and it is like getting 20% interest on the money when you have to pay the corp to hold it’s bonds.
Again, not agreeing on the US dollar going down never to return; even when the coming depression hits its worst; the US dollar will still be the place to be.
But totally agreeing with spending money now to prep as the dollar will continue to lose value and IMO a week without power, periods of no food at the grocery store are a definite possibilty and being stocked up now and ready to sit in the house with your trusty sidearm because you know the police wont have time for you when the depression really gets going is the best thing to do currently.
Unfortunately the dollar will be going up before it goes down.
“History does not repeat itself, but it rhymes.”
Mark Twain
The reference to Germany in the 1920’s reminded me of this article and of what followed. Here is a part of it.
“I am a student of history…”
“We have spent two or more decades intentionally de-industrializing our economy. Why?
We have intentionally dumbed down our schools, ignored our history, and no longer teach our founding documents, why we are exceptional, and why we are worth preserving. Students by and large cannot write, think critically, read, or articulate. Parents are not revolting, teachers are not picketing, school boards continue to back mediocrity. Why?…”
Looking back at Germany in the 1930’s…”And there were the promises. Economic times were tough, people were losing jobs, and he was a great speaker. And he smiled and frowned and waved a lot…”
“And then, he was duly elected to office, while a full-throttled economic crisis bloomed at hand – the Great Depression. Slowly, but surely he seized the controls of government power, person by person, department by department, bureaucracy by bureaucracy…”
“How did he get people on his side? He did it by promising jobs to the jobless, money to the money-less, and rewards for the military-industrial complex.
He did it by indoctrinating the children, advocating gun control, health care for all, better wages, better jobs, and promising to re-instill pride once again in the country, across Europe, and across the world.
He did it with a compliant media – did you know that? And he did this all in the name of justice and….change. And the people surely got what they voted for…”
“Do not forget that Germany was the most educated, the most cultured country in Europe. It was full of music, art, museums, hospitals, laboratories, and universities.
And yet, in less than six years (a shorter time span than just two terms of the U. S. presidency) it was rounding up its own citizens, killing others, abrogating its laws, turning children against parents, and neighbors against neighbors.
All with the best of intentions, of course. The road to Hell is paved with them.
As a practical thinker, one not overly prone to emotional decisions, I have a choice: I can either believe what the objective pieces of evidence tell me (even if they make me cringe with disgust);
I can believe what history is shouting to me from across the chasm of seven decades;
or I can hope I am wrong by closing my eyes, having another latte, and ignoring what is transpiring around me.
I choose to believe the evidence. No doubt some people will scoff at me, others laugh, or think I am foolish, naive, or both. To some degree, perhaps I am. But I have never been afraid to look people in the eye and tell them exactly what I believe-and why I believe it.
I pray I am wrong. I do not think I am.”
Author – unknown, identified only as TPS
(www.snopes.com/politics/soapbox/proportions.asp)
Ky mom, i see a fourth Reich coming also. The evidence is irrefutable.
“We” did not de-industrialize our country, or dumb down it’s citizenry, the paraistes who have usurped power, and control every institution in this country have. And they are squarely behind your demise…
but we went along with it. To not speak is to speak to not act is to act. we did not protest. to busy taking antidepressents and watching dwts, survivor, or idolizing some ball player who brings home $800.000 a month.
But “we” have allowed it. “We” elected crooked, dim-witted politicians who have made the laws to cause it to happen. “We” have allowed “them” to create more laws that have stripped away our freedoms and then “we” meekly submit to them instead of resisting or even outright defying these laws.
In order for it to change “we” are going to have to rise up and stand against “them” by using any means necessary.
KYMOM, you always have the best quotes. God bless!
64 ECHO, some of us did indeed protest. Some of us still do. Some of us enjoy being called losers, and worse, all the while laughing inside at the fools who pass by yelling the insults.
When SHTF, I plan to present one question to any person asking me for help: “Where were you and what were you doing in Oct, 2011?”
The right answer will get you some food, a cot, and a firearm. The wrong answer will get you escorted out of the area, with prejudice. This, you can believe.
“Loss of confidence in money.” Using Volcker’s 21% interest rate is a really BAD example of a nation “losing confidence” in their money as a prelude to hyperinflation.
Obviously, Chris wasn’t old enough at the time to understand what was happening in the country.
The country was BOOMING in the late seventies!
It was the insatiable DEMAND for dollars and credit, for business and real estate development, that forced Volcker to explode the FED Rate to make it uneconomical to expand your business or build spec homes.
This is what Greenspan and Bernanke SHOULD have done, rather than allow the bubble to expand to a point where it had to burst.
Nice try Chris, but you need a different example here. Just saying 🙂
Hyperinflation. With respect to the FRN, there is no hyperinflation in America, only double digit inflation in some areas.
It is not “pandemic” in America as parts of the economy are still unwinding, meaning that these assets, like homes, are still declining in value.
Homes are still declining in value (despite blips in certain markets) because there is no demand for ownership and the level of income in real terms for OUR households will not support higher valuations.
The demographics for housing are over.
There will be no hyper inflation in America because there IS political will to contain inflation ala the Volcker Doctrine. Bernanke will apply that Doctrine at the proper time.
Now is NOT the proper time. Why?
There are more than 5.5 million homes currently in foreclosure and many millions more under water. I have heard a number between 8-10 million homes.
DE-flation is the fear. Why?
For the same reason that QE 1, 2, Twist, QE 3,
4, and 5 will likely manifest over the next three or four years: to protect the banks.
The vast percentage of money “being created” is not being introduced into the economy. It is designed for the banks to shore up their liquidity and replace their losses as these mortgages are written down.
The gangster banksters are being made whole; again; still. It is an ongoing process that will not stop until most foreclosures have been eliminated.
The introduction of this money into the banks will NOT create hyperinflation. These dollars are REPLACING dollars that have been destroyed. This is not replacing ALL destroyed dollars, only the dollars owned by the banks.
The FED is not replacing YOUR dollars which have been destroyed; only the dollars owned by the banks. Your losses, the losses of the American middle class, are real. Your wealth is gone.
One more thing. America is not Iran. To use Iran as an example of potential hyperinflation is realistic for Iran, because it may happen there before and after the coming war. But that is because Iran will lose that war. Thus their script will be as valuable as a Confederate Dollar after the Civil War.
America is not Greece, but if the FRN does not decline in value in relation to other currencies; particularly the Euro and the RmB, economic malaise will continue in America.
Protect your wealth, but don’t panic because fear mongers predict the demise of the dollar. FRN’s can be and will be withdrawn from the system just like they are inserted.
By the way, are these books and newsletters free? or do the authors want DOLLARS for their pieces of paper?
Just asking. 🙂
Currency destruction. While Chris is correct that currencies can be “shunned”, understand that the Global Gangster Bankers that control the FED; the NWO, is moving to link and lock ALL nations into a global financial system. IE NAFTA, GATT, WTO, TPP, etc.
The Russians will comply too or find themselves on the outside looking in and they know it. They don’t like it, but they know it. That is why they will get on board.
The FRN is the basis for that system and has been since the end of WWII. Will it be replaced some day? Maybe, but not anytime soon. There are still many wars of Crony Capitalism to be fought and the FRN is the weapon of choice.
The FED is not going to “shun” its own vehicle for wealth creation. It will “shun” the currency of nations who will not readily comply, like Iran; and there will be power struggles within the global financial structure for control, but the dollar will be around for a long time.
Currency markets are by far the largest and most profitable markets in the world for the GB’s. So while they will add the Yuan/Rmb to the global order, growing the pie and creating multiple new ways to make a profit; like they did the Euro, it does not mean Financial Armageddon for the dollar or the pound either, for that matter.
The dollar must decline in value if America is to become more “competitive” with the global realities of “Free Trade”.
Free Trade is a euphemism to sell Americans free trade as a FREEDOM, when it is a demonic system designed to enrich the Uber Rich and make economic serfs of the rest of the world.
Engage your employees or be enslaved by them.
Well said.
Ludwig Von Mises:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner, as the result of a voluntary abandonment of further credit expansion, or later, as a final and total catastrophe of the currency system involved.”
Old Ludwig was right.
In his day and age there was NO way to avoid a “final collapse” or a “total catastrophe of the currency system involved”.
Today is different.
To suggest otherwise is to believe that no insight has been gained over all of that time, or that no improvements have been made in the implementation of the capitalistic economic and financial system.
There are ways today to avoid catastrophe. A modern economic, financial, and monetary system has evolved since Ludwig dispensed his wisdom.
New ways have been found to manage, manipulate, and control economic and financial processes. OURS is sophisticated system that mystifies those uneducated in its mechanisms and untrained in its operations, but everyone is not intended to be a financial wizard.
Some are suppose to be doctors, lawyers, Indian Chiefs, mechanics and chefs.
OUR system requires time, attention, and study to learn; but it is not complex for a real student of the game. While there is cause for concern, there is not cause for alarm: OUR money is quite safe, OUR economy the largest in the world.
WE do need to protect OUR liberties. If We fail to protect OUR liberties, WE will not protect OUR economy. If WE fail to protect OUR economy, OUR money will not be safe.
What destruction of OUR economy which has occurred is but a reflection of the erosion of OUR liberties.
Engage.
Right on DK,
How much money are they making off of our fears.
As a prepper, I take a highly skeptical view of people creating wealth off of scaring people to death. I wish more people were skeptical. The best financial/economic/prepping/survival knowledge I have gained has been gained for free. The people sprouting economic destruction is right around the corner, ALWAYS charge.
DK…I agree on most of everything you point out.Unlike the 20’s the US has the reserve currency backed by oil and military might.While I don’t know if a hyperinflationary event is on the horizon, I don’t think it will be for a while.As you said, the banks are taking the created money and cleaning up their balance sheets. There is not enough currency velocity on “main” street to cause hyperinflation….yet. I see an ongoing depression as the world attempts to even out the “unit of labor” costs to compete. BTW Russia has been accepted to the WTO (yesterday?). The globalists plans are on the move.
Buttburger: Right arm, brother, out of state!
🙂
Trying to understand. So the dollars the fed is giving to the banks are somehow “different” from the dollars the rest of us use?
How do I recognize one of these different dollars if I happen to, by chance or luck, come to posess one?
So M1 and M2 money supply is decreasing, and all the fed is doing is replacing it? But only for the banks. And this special money will never really trickle down to us peons?
And the feds don’t create money to purchase their goods and services, and to pay labor to gov employees.
And taxes actually do more than just cover the interest payments.
And the dollar realy hasn’t lost 97% of it’s value in the last 100 years.
And Ben Franklin was the 100th president of the United States. ( that’s why he’s on the $100 bill; heard that on O’Reilly, love it).
Rick:) Yes the dollars that the FED creates for the banks ARE different; which is exactly why you will never see one. 🙂
However these dollars do manage to make their way to OUR national debt which, while not imaginary, is elusive, nebulous, and ever mutating.
The best way to identify one of these “special” FED dollars is to select one from your tax payments. While it, in and of itself, is not a FRN created for the GB’s balance sheet, it is a good proxy!
Engage your employees my peeps or be impoverished by them.
@DK…
I don’t know what country you were in, but this country wasn’t “booming” in the late 70’s.
Don’t you remember Jimmy Carter?
Walt: Yes I do remember Jimmy Carter. At the time (1978 – that’s late 70’s by my reckoning) I was working as a real estate appraiser for the largest S&L (do you remember S&L’s ?) in Arizona.
Times were booming. By the end of the decade there was a race by consumers to get mortgages before rates went any higher.
Consumers were taking out mortgages at 10,11,12, and even 13% for 30 years because they FEARED that they would not be able to finance a home again.
Home prices were not moving up outrageously but mortgage rates were. Business borrowing was also strong, so strong that Volcker was determined to quench the markets demands for dollars.
I do not want hyperinflation or collapse to happen but the one satisfaction I will get when it does is to finally shut this idiot, durango kid, the hell up. a moron posing as a genius, he must work for the government.
You can’t. I am diversifying in all kinds of things, whiskey, ammo, guns, some precious metals, toilet paper, coca cola, well you get the point. I feel like I became aware too late. I feel like I am in a mad game of playing catch up.
OH this is great Mac… now you post articles that let you read half, then have to PAY for the other half???? If the dollar is so so terrible, isnt it funny as shit that this moron wants them to read his shit?
Don’t do that Mac. Enough people here have nothing already…you don’t need to put shit up that we need to PAY for.
Anyone wanting money for this kind if shit is a fear monger and money grubber.
Great article. Getting your finances in order is something I think people forget about when prepping for the SHTF.
I’ve knocked out 8 of the top 10 tips for prepping financially – still working on the foreign currency diversity.
http://www.thehomeforsurvival.com/top-10-tips/
Mike, regarding the foreign currency… I recently walked into the local branch of Wells Fargo in Houston, TX and to my surprise saw a foreign currency exchange board similar to what you see all over airports, banks and shops in Europe.
The teller advised me that they now do foreign currency exchange. They had most of the major currencies listed – Canadian dollar, Euro, even the Chinese Renmibi! I joked, “must be huge demand for that Yuan here in Pearland, TX”…. she replied “You’d be surprised.” Apparently they get orders for the Chinese currency all the time.
In any case – it looks like diversification into foreign cash is now much easier than before, with at least one major bank getting into the business of exchange.
Paper currencies are always going to lose value over time — the question is which one loses the most value against the other? If I were diversifying into another currency(s), I think I’d be looking at Canadian dollars, Australian dollars, and Swiss Francs… perhaps even the Brazilian Real… My reasoning here is that the Euro is toast, the Yuan is pegged to the USD, and 3 of the 4 currencies I mentioned have at least some value in that they are behemoths when it comes to commodity production, thus their currencies have a bit more backing than, say, the USD or Euro.
Just my 2 cents.
Mac – totally agree on Canadian, Aussie and Swiss. And our local bank just started with foreign currencies. Very interesting times.
It really threw me off when i saw the exchange board….
Being the doomsday prepper minded kind of guy I am, my immediate question was “What the heck does this mean!??!!”
My brother suggested that perhaps they were looking to generate more revenue since the NSF fee scam they had going for years fell apart when it was outlawed by Congress…
But it really is odd… all of a sudden foreign currency exchange? Why?
Alot of BIG money in Houston Mac.
Things that make you go Hmmmmmm!!!
I noticed the same thing today at a local (as in not national like BoA, et al) here in southwest VA.
Survivor Mike. Being from Canada I am worried our dollar will be worth less before yours will. As soon as things show signs of slowing our dollar takes a dive as represented in commodity prices. If other nations are broke and not buying our stuff then we are broke because we need resource dollars to pay for a massive workforce in the public sector. I think however if collapse were to happen we have the means to nationalize our resources and our people would not go hungry.
Here is some intersting info, Pasted from the Doc-
Argentina’s Central Bank has banned citizens from buying dollars to protect their savings. Perhaps the Central Bank has unintentionally help protect Argentines from the coming dollar devaluation.
That’s not much “help.” They are currently in hyperinflation mode @ 25% inflation, where the Arg peso looks pretty bad compared to anywhere but Venezuela. By the time you’ve lost 25% p.a. the USD looks pretty good and could be traded for another hard currency. Anyone happy sitting in pesos right now b/c the $ may devalue is fiddling while Rome burns.
Good currency calls Mac, but while the Yuan/RmB is fixed to the dollar, over time that currency will move the most, and that movement should accelerate as the Chinese turn inward and move to even more consumerism.
That process is beginning now with their recent drop in rates as the new signal to the masses.
Use the monopoly money to do everyday business. Save in silver and gold.
Not impossible they won’t try to get their grubby hands on it, but safer than paper. IMO
If a hyperinflation were to happen could I pay off my loans with silver….would banks take it?
The Swissy is now pegged to the Euro.As of last fall (2011), it’s supposedly a “temporary” peg. Also, the Swissy is no longer backed by gold…so there’s nothing special anymore about the Swissy. Agree with you on currencies from commodity countries, but it’s still just paper. The gold bull market is not over…gold for wealth preservation, silver for transactions. If you want a foreign paper currency, hold it in a foreign bank in your bugout country of choice.
@ Survivor Mike said “Getting your finances in order is something I think people forget about when prepping for the SHTF.”
I checked out your link. In 2007 I paid everything off that I owed like Credit Cards, loans etc. except for the one car payment we have. Our home is paid for. When I did those payoffs it opened up more money than I thought it would. We were able to increase 3x all of our food stores. OH Here is one thing I did buy for our home with that money. I bought a front and rear steel security doors like they use in Southern California and I think people should seriously BUY these. I paid $90.00 each at Lowes but they were on sale at that time. I also was able to purchase two Remington 870 Tacticals w/ marine grade barrels to add to our collection and to compliment the security doors. Were in really good shape now. I won’t be here at home after shtf depending if the US military decides to disobey their oath, then myself and others will be taking a field trip to the East Coast. My brother n law and some others will be here to look after my wife. Anyways I’m not really buying or saving money or gold although I should. Good website you posted and thanks.
The last thing I am doing at this point is paying off unsecured debt and our underwater mortgage. Our vacation home is in an asset protection trust and we gifted our precious metals to our minor children long ago. I used to pay off my credit card balance every month, but now I make the minimum payment to keep my credit rating. When my job vanishes so will we.
I like the trust thing. However, doesn’t the trust still need to pay the property “rent”. I’ve been trying to figure out a way around the “rent” but haven’t found any.
.223 the new currency?
if it keeps up like it has been, it will be
Simple investing: ABCD: Anything Ben cannot destroy! LOL
Hyper inflation no longer concerns me. I’m safe. Its deflation that scares me.
The “central banks” according to the links seen before from the St. Louis Fed Reserve are hoarding cash right now. Why would they do that if they feared inflation? Seriously why would they want to be holding trillions of paper dollars (I know its digital not printed) if they thought our dollar would sink in demise of hyper inflation. Their holdings would be wiped out. Where as if we “deflate” they truly would be sitting on the biggest hoard of cash and be the wealthiest of wealthy? Isn’t that what “they” do?
Jim,
What ‘real’ assets do you think the banks are allowed to buy with the cash they are sitting on? They can only loan it out, where the will only be repaid in dollars again. They can’t go and buy guns! The reason they are sitting on their cash is that there is no demand for loans and the few loans they can make, the banks don’t make enough interest back to make the risk worthwhile. the banks are stuck with the cash. Many park it back at the fed for the measly 0.5% they will get. At least it is considered to be safe parked at the Fed. The banks are not fearing inflation or deflation. They just fear the value of their mortgage books being marked to market.
Jason they also throw it into speculative derivatives.
Chinese yuan sounds good at this moment, but who knows what “money” will be in time?
I have very little ‘money’ left although I have enough silver to feed my family for five years at today’s prices in addition to a couple years food storage.
If hyperinflation comes my trees will continue to grow to heat our retreat, the rabbits will continue to multiply (like rabbits), the chickens will continue to lay, and the orchard will continue to grow. My solar panels and wind generator will continue to produce electricity and pump water.
My biggest concern will be protecting my family and these things. Hopefully, by building my retreat off a private road off a dead-end road with no driveway or utilities (but near neighbors), we will be spared the golden horde.
I admire you and what you are doing.
Thanks for the encouragement. I did it all including an old diesel truck for the cost of a new diesel truck. Although few no where it is, several know of its existence because I am often there working. My mother-in-law thinks I should sell ‘my cabin’ and use the money for a down payment on a bigger house in town for my family.
PP;
You are sooo correct, physical items that produce a product such as solar, wind and hydro will let you save money while producing useful energy as electricity. I just have the feeling that per Revelation, that the Asian currency will be the lead world currency in time, for a multitude of reasons. China wants a gold backed currency, thier commodity consumption keeps rolling on, the dragon is hungry and growing. I see the yuan being a world reserve “money” in time and the US dollar declining.
I wish this not to happen, but I am a “REALIST” and see things in a real world sense.
It’s not really so complicated…
God, Ground, Grub, Guns & Gold.
Panic Early, Beat the Rush!
– Shane
PS- Yes, silver & ‘lead’, too!
Though the definitions are right on, there is one other factor: Lost trust in the banking system and one’s gov’t.
And something I saw many years ago (as have many others); there have been too many middle men (ask the farmers) and many people have become wise to the Ponzi schemes and have increasingly stopped participating in them.
Basically: trust is gone. Stop spending fiat money and watch what happens. Inflation? Or better put theft of the average person/middle class. Through gov’t regs and banking rules.
as far as i can tell. when the dollar falls every other curriencce will fall or take a heavy hit. i wish i could diversify but with all of my bills and trying to prep by myself i am just shit out of luck. unless things can last another 10 years. i just figure that food and water is more important than paper currience.
say there Oknight,
I wouldn’t worry so much about diversifying, or indeed, any level of prepping that you can’t get to. You do what you can. Believe me, I would LOVE to have a patch of land way out in the middle of nowhere: I’ve been growing stuff for over 25 years, and if I can help feed myself from stuff I’ve grown in butter tubs and yogurt cups grown on a postage stamp sized lot in a crowded city, I’m sure I could do it even better with some real land.
Can I do that now? No. Just before the housing tidal wave struck, I managed to walk away from my house… a nasty ass divorce battle helped that fer sure. My new wife and I are just starting to get on our feet, and doing it in this economy ain’t easy, but we do our bit every day, and it adds up. Right now, we have no equity, we also have no plastic.
OK, enough yakking…. maybe what you could do to diversify is to get som “junk” silver: pre-1965 dimes, quarters and Kennedy half dollars. They’re 90% silver, and they’re easy enough to get at a local coin or pawn shop. Just use yer Bennie bucks for something thats truly useful as money
stand strong until freedom dawns
Its all for nothing, we are going cashless soon. Its the only way to really control everyone.
“Control the food, you control the people.
Control the oil, you control the countries.
Control the money, you control the World.”
– Henry Kisenger
@justme…
Those who control the money, can be dealt with.
I’m just sayin…….
Walt: Yes they can! Even Roubini has called for a public lynching of some GB’s and its on tape during an interview.
Let’m draw straws to see which one goes first!
who do you mean “we” mammal? 🙂 No, seriously, TPTB can pass all the edicts they want, and most of the time, most of the sheeple will follow along. But eventually, it gets to the point where people wise up and begin pushing back. So, they can SAY “you must be cashless” and millions will see say “yeah right bub you keep thinking that”
TPTB are only “all powerful to the extent that you let them
stand strong until freedom dawns
@rock….
It’s called the “black market”.
They can go cashless all they want. As long as people have things that other people need, there will be trade.
Screw the government.
I have said this again and again, that free trade has KILLED the United States. When you offer free trade void of tariffs to poor countries the business owner is going to find the cheapest way to sell the finished product. Most of costs go into employees. When you can get workers for cheap, without having to offer insurance or any other benefits, you hire slaves. This quote the most over used cliche’ in the United States, the most healthy bottomline.
The United States has a huge mineral resource base, even rare Earth minerals are being discovered in the Black Hills region. The country still has 18% arable land to grow more than enough food. What the hell is the U.S. offering free trade to poor countries? What so you can get cheaper and inferior products and lose good jobs to slaves? The U.S. could play the isolation game and get out of the economic debacle it is in by forcing compaines to employ ONLY AMERICANS. More jobs mean more money that stays right here in this country.
ONLY free trade I would offer would be a short list of countries that it would cost too much for a company to employ foreign workers. Here is my short list of countries of 1 million or more people:
Australia
Austria
Belgium
Canada
Denmark
Finland
France
Germany
Ireland
Japan
Netherlands
New Zealand
Norway
Sweden
Switerland
United Kingdom
I would question Spain that has an economy that is within the level of the U.S. because of their shear unemployemnt and The United Arab Emirates is not that friendly with the U.S.
ALL other countries would face a nice big fat tariff, because the U.S. can be self supportive within its own borders. Forget about cheaper products because it KILLS good jobs. The U.S. could manufacture everything it needs, and even those it couldn’t it could afford another countries’s tariffs on them. This is what survival is all about, being as self sufficient and working with what you have to work with. The U.S. hstill has plenty to work with, and doesn’t need other countries that are not economically similar in status. It sure as hell doesn’t need to be dealing with the enemy (China) that continues to strengthen its military at the expense of the U.S.
Free trade ONLY benefits the elitists and the top .01% of the population. The U.S. is at the perfect latitude for growing food, has almost every mineral and other resource available. So WHY is the U.S. dying economically? Because it is supporting the rest of the world instead of taking care of the people right here.
Make it so expensive for anyone to hire any foreign worker and you will see unemployment in this country drop to 1%-2% and the amount of the paychecks go up. With this, without raising any taxes, increase tax revenue, and rapidly begin paying off the debt. Cut the parasitic umbilical cord to these other countries and start forcing companies to make practically everything in the USA and watch prosperity come back like no tomorrow.
so true. This isnt a republican/democrat thing. They have BOTH contributed!
For all this talk of politics, where is the coalition to get our legislators to input more trade tariffs?? Really, if there was a vote for planned parenthood, you have people on this site marching, but free trade? Crickets. Then complaints.
Forget abortion. Get active on free trade protections.
Once again the US has ceded it’s sovereignty to a globalist organization. Any country that joins the WTO has to abide by it’s tariff decisions, not their own.The common man is truly taking a fucking in this country right now.As George Orwell wrote “If you want a vision of the future, imagine a boot stomping on a human face…forever.” Better try to become as self sufficient as you can.
So sorry George Carlin is not around to add his wit and wisdom to this freak’in mess.
Buttburger: A more apt description would use the word “conspired” instead of “contributed”.
OWTFH!
Free trade with poor countries is the same as a pyramid scheme in which the common hard working American gets it up the rear, slave labor and young children work 14-16 hours a day, while the super rich get that much richer and no one else benefits.
USA will use natural resources to bootstrap itself out of it’s crisis, just like the remnants od USSR. The transisition will probably be messier.
You are correct, sir!
Source: Twenty year career in electronics manufacturing. Still hanging in there. Still fighting the Chinese, the Mexicans, the Indians, the Malaysians, and now, Africa, along with traitors in the fortune 500 boardrooms, halls of academia, the House of Representatives, the Senate, and The White House.
You already have tariffs on softwood from Canada. Its OK not that your housing sucks but I would love America to tariff us and then we should do the same and cause a trade war. I say do it. You import oil from Canada so I would slap a 40% export tax on any of it bought by America. You hold us hostage we should do the same right?
Similar to sleep apnea, though a patient continually wakes themselves up due to the severity of their fart.
Nancy continually wake’s herself up due to chronic fart apnea.
The bad thing about eating healthy raw fruit and veggies is that they make more gas! 🙂
It is obvious the us and our “allies” are conducting a currency war against iran.
Dont be surprised when our “enemies” do it to us.
We have the biggest gun(the federal reserve)right now so we can.
When the dollar collapses due to all the fraud and our enemies(and our allies) currency games, the world wont care.
We have been commiting currency fraud and war on many nations over the years.
I got a feeling pay back is going to be a BITCH!!!!!!
Read an article about China buying as much gold as it can, and “recasting” it into 1 kilo bars.
Stated; China doesn’t want to pull the trigger and collapse our dollar ( selling treasuries?), but it is surely getting prepared for the new Eastern based global money system referenced to gold.
Kevin
A: You don’t know the future
B.I can’t think of a group of schmucks who deserve a currency war more than Iran.
C. You still don’t know the future.
I agree, currency war against them ALL!!!!!!!!!
Unfortunately, WE WILL(are) in the crosshairs of the big guns also.
We are NOT in their(the banksters) army, WE are one of their conquered.
“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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies…”
@Saigon Knights
Ever see “Charlie Wilson’s War”?
Well……watch it and pay attention to the CIA guy’s story about the Zen Master.
“…..we’ll see.”
I’m going with investing my money in food, silver, guns, ammo, and other goods that i can barter with.
I go to the markets and yard sales every weekend to see people selling off all of the things they don’t need. It is crazy how cheap they are letting things go for.
People in this country are really hurting and are trying to sell whatever they can to survive. At the moment I feel fortunate but only god knows what will happen in the future if this president keep driving out country into the ground.
Good luck everyone hopefully we can all invest in our futures before it gets worse.
Get your nickles, silver, and ammo.
@azam- If those people(who are selling all their stuff) had not bought all that junk and instead squirled that money away(and not had to sell that stuff at a loss)they would be ahead of the (inflation)game.
I subjest saving some federal reserve notes also, sure you can barter stuff, but how are you going to barter for gas?
Listen, I have been there before(spending all my cash on preps and stuff).When I needed cash for gas, I didnt have any.
Dont make the same mistake I once did.
While the system is up and running, you need cash.
CASH IS KING(until shtf)
Simple. Stock up on gas.
There was a story at co-inflation about a Canadian guy who bought some commemerative .99 silver $20 coins that the mint claimed were “legal tender”. He apparantly bought a bunch at close to face value. When he ran short on paper he took them to a bank to trade them in. They refused, saying they were not legal “circulating” tender.What a farce.
My two cent, hyperinflation and deflation are serious threats not to be taken lightly, but IMO the U.S. economy and society will experience massive collapse long before hyperinflation rears its head. We are already teetering on the edge of social break down, Europe is an economic dead-man-walking, and there is mounting pressure on the Federal Reserve to begin raising interest rates. Considering the fact that far more people are leaving the workforce than entering, crime is increasing sharply year over year, and a growing list of U.S. cities are declaring bankruptcy, I would be very impressed if our economy and society holds together long enough to see a hyperinflation event take place.
The US can’t raise interest rates that much because it would raise what we owe to pay our own debt. If we even got to a historically good interest rate of 6% our nation wouldn’t be able to pay for it’s own debt and the collapse would speed up.
Precisely. This year the U.S. is projected to pay approximately $450 Billion dollars in interest on the national debt at historically low interest rates. At 6% interest, it wouldn’t take long for us to start parking aircraft carriers (Obama would probably sell them to China), and we could forget about socialized entitlement programs. Pretty much a repeat of what happened to Russia when they defaulted on their debt years ago. If memory serves me correctly, Russia shrank to a fraction of it’s previous size as result.
Invest in YOURSELF!! Learn a skill or trade that people will need in a survival scenario. The combination tinker/pack-peddler of old will be making a come-back in the near future. There aren’t very many of us old fossils left around out there that know how to sharpen and set a saw blade by hand. You can buy a heavy-duty manual sewing awl and needles for less than $25.
In addition to a gun, you had better arm yourself with some skills and knowledge. The gun, by itself, just may not cut it for you.
madmarkie you got that right…learn some skills now that do not require anything other than human energy…i have spent the last several years buying up tools for kitchen, sewing, carpentry, etc…so that if the power shuts down i can still keep right on working and i am using those tools now with everything i do and spending the energy savings on my preps and needs.
Looking at the chart, I saw circled the Hopeful Moments during the destruction of the German economy/currency. I wonder what the German language equivalent is for “Green Shoots” and “Summer of Recovery” is?
The times may have changed, but political spin has not.
Flatop
America needs a hero.
I’m just a step away
I’m just a breath away
Losing my faith today
Falling off the edge today
I am just a man
Not superhuman
I’m not superhuman
Someone save me from the hate
It’s just another war
Just another family torn
Falling from my faith today
Just a step from the edge
Just another day in the world we live
http://www.youtube.com/watch?v=RRkIQ1Djlbs
Where have all the good men gone
and where are all the gods?
Where’s the streetwise Hercules to fight the rising odds?
Isn’t there a white knight upon a fiery steed?
Late at night I toss
and I turn
and I dream of what I need.
I need a hero. I’m holding out for a hero ’til the end of the night.
Mac, I loved that Bonnie Tyler song when it first came out; though I always applied the lyrics to the lovelorn! Reading them out again under these circumstances, they actually sound really appropriate! It also kindles a (sigh) fond reminiscence for “the old days” when you could go out, have some fun with your friends and weren’t particulary afraid for your future. I can hardly believe how far downt the rabbit-hole we have fallen. I just wish I could wake up like Alice. Unfortunately, it’s no wonderland we’re in; it’s a freakin’ nightmare of reality
CHEESY!!!
AWESOME PICK !!!!!!!!! 🙂
Where have all the good men gone?
Staying single and protecting my wealth from female-biased divorce laws.
TO MY RED THUMBS-
“MY VOICE WILL BE HEARD TODAY”!!!!!!!!!
Preppers need vacations too.
I’m in the minority here, but I am not worried about keeping savings in US dollars.
Could massive defaltion come, possibly; but the FED has been trying to stop that. Will inflation really pick up eventually; yes; but its not coming this year and probably next year as people and compnaies are stll deleravging.
IMO, you need to watch 3 things, the bond market, interest rates and the price of gold. despite the mess europe is in, they have been realtively mild. when those start moving a lot; then you know its time to start squirreling away food and ammo.
Why not start squirreling it away now? Buckets of rice & beans last for 30 years….
sorry, should have worded that differently. doing it now is right.
when the bond mkt starts getting jittery, then its time put a fresh coat of oil on the gun and fill up all containers with water or gas.
Those with wealth, waiting till the right time is okay.
For us/we on budgets, we’re squirreling as fast as we can with what we can squirrel with.
Yes. Have you seen the price of basics go crazy at the grocery store? My gauge has been the 1 pound bag of grits. It used to be .69, then higher and higher. Now at $1.69 in some places. That’s steep when you only have a few bucks to buy food for your family. Been there, but no more. We give as much as possible to our church food pantry, trying to do some good for those having fallen on hard times. God bless, everyone.
I pay 8.99 for 2kg kraft PB at Costco. That is nuts and I don’t even live in Alaska or somewhere in the boonies.
@lee It is my belief that the mess in Europe has not been “relatively mild”. The mainstream media does not report the abandonment of children in Europe and like here, lie about unemployment figures. They lie about empty store shelves. If the economic news is too bad, they just don’t report it. There is an exception, riots! The mainstream media loves a good bloody riot, burning cars and lots of dead in the streets. The time to start squirreling away guns, ammo and food was 10 years ago when they were cheap. All three are much more expensive now, and the inflation has even peaked. Remember, if you snooze; you lose.
The time to prep is now. That 10 year old food on the shelf is now…10 years old. The FN SCAR did not EXIST 10 years ago. Stuff costs more now, but if you are good at what you do, then you are MAKING more than you did 10 years ago. What you should have done 10 years ago is completely irrelevent to NOW.
What is a dollar?
After the War of American Independence, Americans wanted their own coinage, as Spanish Pieces of Eight were widely circulated and universally accepted in the Colonies. They came from the many Spanish mints in the New World.
So Alexander Hamilton wrote the Coinage Act of 1792 which described the Dollar as 371.25 grains of pure silver, the same as the Piece of Eight. The dollar is referred to in the US Constitution twice—once in reference to slaves, the second time in the seventh Amendment. Also in the Coinage Act was the penalty for debasing the currency.
It was a Capital Offence punishable by death!
The Coinage Act is of 1792 still in effect.
My question for my esteemed SHTFers is this——-
When Helicopter Ben runs the printing presses without an equal expansion of the GDP, is he debasing the currency?
He is debasing the FRN not our real money. However, any congressman that votes to debase the metal in our coinage is violating the coinage act. We have had many traitors in the corp gov.OFF with their heads.
That which can’t be repaid, won’t be repaid. There are several ways to not pay. One of those is to inflate the debt away. That will be the eventual response. The problem is in the timing. Right now the USD is rising against most foreign currencies, due to both the perceived “safe-haven” status of the USD, along with competitive devaluation. That’s why you’ve seen gold struggle lately. I believe this is a short-term phenomenon (3 years max). At some point, the trend in gold will reassert itself, and the dollar will continue towards its true value ($0.00). The US no longer has the GDP to hold up the currency, and government regulations will continue to weigh down the ability for real Americans to innovate out of this mess. The American people no longer have any voting power since both parties are owned by the lobbys/special interests, and due to that, the normal corrective mechanisms (voting criminals out of office) no longer exist. Our current unemployment rate (8.2% government propaganda number, 16%+ actual number) is about the best that we’ll see far into the future. There will be no economic growth until after the Big Reset.
Germany got Hitler in response to their fiscal crisis. I can easily see obama turning into some version of him. He’ll have a bit more trouble with the American people though.
The tanks in the street in St. Louis are just the beginning. They are desensitizing the American people to government might and also desensitizing our military by getting them used to patrolling our streets. When called to action, they won’t be as shocked by it.
What’s this “our military” that you speak of? It’s about time Americans begin to understand what militaries actually are.
If you can make it through that book “when money dies” you should. I will admit I skimmed over in some places but it was interesting nonetheless. If someone wasn’t a prepper already, that would send them on their way if they had the sense God gave a goose. All it takes is a look around us. It is quite clear how it could happen here.
Recent article from Isreal Times which is located in Isreal… Name of article is “Jews DO Control the Media” written by a Jewish man there…(He Proves what many been saying a long while now.)
We Jews are a funny breed. We love to brag about every Jewish actor. Sometimes we even pretend an actor is Jewish just because we like him enough that we think he deserves to be on our team. We brag about Jewish authors, Jewish politicians, Jewish directors. Every time someone mentions any movie or book or piece of art, we inevitably say something like, “Did you know that he was Jewish?” That’s just how we roll.
We’re a driven group, and not just in regards to the art world. We have, for example, AIPAC, which was essentially constructed just to drive agenda in Washington DC. And it succeeds admirably. And we brag about it. Again, it’s just what we do.
But the funny part is when any anti-Semite or anti-Israel person starts to spout stuff like, “The Jews control the media!” and “The Jews control Washington!”
Suddenly we’re up in arms. We create huge campaigns to take these people down. We do what we can to put them out of work. We publish articles. We’ve created entire organizations that exist just to tell everyone that the Jews don’t control nothin’. No, we don’t control the media, we don’t have any more sway in DC than anyone else. No, no, no, we swear: We’re just like everybody else!
Does anyone else (who’s not a bigot) see the irony of this?
Let’s be honest with ourselves, here, fellow Jews. We do control the media. We’ve got so many dudes up in the executive offices in all the big movie production companies it’s almost obscene
Just about every movie or TV show, whether it be “Tropic Thunder” or “Curb Your Enthusiasm,” is rife with actors, directors, and writers who are Jewish. Did you know that all eight major film studios are run by Jews?
But that’s not all. We also control the ads that go on those TV shows.
And let’s not forget AIPAC, every anti-Semite’s favorite punching bag. We’re talking an organization that’s practically the equivalent of the Elders of Zion. I’ll never forget when I was involved in Israeli advocacy in college and being at one of the many AIPAC conventions.
A man literally stood in front of us and told us that their whole goal was to only work with top-50 school graduate students because they would eventually be the people making changes in the government. Here I am, an idealistic little kid that goes to a bottom 50 school (ASU) who wants to do some grassroots advocacy, and these guys are literally talking about infiltrating the government. Intense.
Now, I know what everyone will say. That everyone tries to lobby. Every minority group and every majority group. That every group has some successful actors and directors. But that’s a far call from saying that we run Hollywood and Madison Avenue. That the Mel Gibsons of the world are right in saying we’re deliberately using our power to take over the world. That we’ve got some crazy conspiracy going down.
Okay. Fine. So some of that is kooky talk.
But let’s look at it a bit deeper.
Maybe it’s true: everyone lobbies. Maybe it’s true there are actors of every ethnicity out there. But come on. We’re the ones who are bragging about this stuff all the time. Can’t we admit that we’re incredibly successful? Can’t we say it to the world?
I’ll give my theory for why Jews don’t want to talk about their control of the media.
First of all, as much as Jews like to admit that so many of them are successful, and that so many of them have accomplished so much, they hate to admit that it has to do with they’re being Jewish. Maybe they’ll admit that it has something to do with the Jewish experience. But how many Jews will admit that there is something inherently a part of every single one of them that helps them to accomplish amazing things?
The ADL chairman, Abe Foxman, was interviewed in a great article about the subject and he said that he “would prefer people say that many executives in the industry ‘happen to be Jewish.’” This just about sums up the party line.
The truth is, the anti-Semites got it right. We Jews have something planted in each one of us that makes us completely different from every group in the world.
We’re talking about a group of people that just got put in death camps, endured pogroms, their whole families decimated. And then they came to America, the one place that ever really let them have as much power as they wanted, and suddenly they’re taking over.
Please don’t tell me that any other group in the world has ever done that. Only the Jews. And we’ve done it before. That’s why the Jews were enslaved in Egypt. We were too successful. Go look at the Torah — it’s right there. And we did it in Germany too.
This ability to succeed, this inner drive, comes not from the years of education or any other sort of conditional factors, but because of the inner spark within each Jew.
Now, the reason groups like the ADL and AIPAC hate admitting this is because, first of all, they are secular organizations. Their whole agenda is to prove that every Jew is the same as every other person in the world. I cannot imagine a more outlandish agenda. No, we’re different. We’re special.
Of course, people hate when anyone says this. They assume that if you’re saying that Jews are special, it somehow implies that they’re better.
To be honest, I’m not really sure what the word “better” even means. What I do know is that being special simply means a person has a responsibility to do good.
I think that’s the real reason most Jews are so afraid to admit that there’s something inherently powerful and good about them. Not because they’re afraid of being special. But because they’re afraid of being responsible. It means that they’re suddenly culpable when they create dirty TV shows that sully the spiritual atmosphere of the world. It means that things can’t just be created for the sake of amusement or fun or even “art.”
Suddenly, we can’t screw up the world.
The interesting thing is that Jews have done so much for the world in so many other ways. They’ve moved forward civil rights; they’ve helped save lives in Darfur, Haiti and just about everywhere else.
But that’s not enough. Fixing the world physically is only half the battle
Our larger battle, the harder battle, is elevating the world spiritually. And this is what the people that fight with every inch of their soul to prove that Jews are just the same as everyone else are afraid of. It means that we can no longer just “express ourselves.” We’ll have to start thinking about the things we create and the way we act. It means we’ll have to start working together. It means we’ll have to hold one other, and ourselves, to a higher standard.
The time has come, though. We no longer have to change our names. We no longer have to blend in like chameleons. We own a whole freaking country.
Instead, we can be proud of who we are, and simultaneously aware of our huge responsibility — and opportunity.”
End of article…
. These people’s racial arrogance is so totally off the Richter scale, that most people can’t even conceive of how bad it truly is. And it will only get worse as America goes deeper in the multicult hell hole these bastards are doing to White countries (but never sacred Israel) so they feel safer from a backlash.
It’s little wonder these punks eventually get kicked out of every country they’ve ever lived, once the population becomes fed up enough.
FROM: Incogman dot net(replace dot with the usual) Go look at that writer guys picture!!..What a self worshiping smarmmy-ass typical idiot. WAKEUP Whitey! Tic-Tock……
Loose lips, sinks ships pastor.
This post was supposed to be for the pastor telling everyone how much silver he has.
HEY PASTOR, TAKE NOTE!!!!!
Loose lips, sinks ships.
No one who actually knows me has any idea that I own it or for that matter where the retreat is located to go dig it up. Only my wife and my retreat neighbors know the location of my fortress of solitude. My brothers have a one-time sheet to decode my final instructions if both of us die in an accident and it includes the only directions.
How many people can honestly say that neither the county tax department, nor 911, nor a utility company, nor some extended family member does not know the location of their home?
Just tryin yo help you out brother.
@anglo- Are you saying isreal is kicking out(and putting into camps)black africans because they are racist bastards who think they are better then all us gentiles????
iN THE WORDS OF OUR EX-PRESIDENT BILL CLINTON-
“HOW DARE YOU”
ANTI-SEMITE!
🙂
Kevin,
The crap that comes out of your brain sounds like the same hate filled bullshit that Rev. Wright vomits out in his sermons. Are you a Black Muslim or just a member of Barry’s old church?
No “hate” here.
From my post on a racial discusion yesterday on shtfplan.
“I was raised to treat EVERYONE equally, but I was also raised to be aware of the fact that not all people are like that(whites, blacks,greens, or whatevers).
In a perfect world we would ALL(well most of us) like the races to get along, but we don’t live in a perfect world. Religions fight other religions, races fight other races. Been like that since the begining of time, and forever will it be”- kevin
Isreal is not a race, it is a NATION STATE.
THEY are the ones kicking their undesireable illegals (BLACK jews) out and locking them up in internment camps, and you say my mind is full of “hate” for pointing that out.
Notice the jews on the news(yes jews control the media) SUPPORT illegal immigrants here(as well as NO border fence), but they sure do support a border wall, and NO multiculuralism there in their home land, to preserve “their” heritage they say. But like I said, ALL the “duel” isreali/american citizans here on tv,in corporation,banking, and in congress just LOVE open boarders.
Reverand write???
Black muslim?????
Hannity is that you?????
From the times of isreal-
Jews are a funny breed. We love to brag about every Jewish actor. Sometimes we even pretend an actor is Jewish just because we like him enough that we think he deserves to be on our team. We brag about Jewish authors, Jewish politicians, Jewish directors. Every time someone mentions any movie or book or piece of art, we inevitably say something like, “Did you know that he was Jewish?” That’s just how we roll.
We’re a driven group, and not just in regards to the art world. We have, for example, AIPAC, which was essentially constructed just to drive agenda in Washington DC. And it succeeds admirably. And we brag about it. Again, it’s just what we do.
But the funny part is when any anti-Semite or anti-Israel person starts to spout stuff like, “The Jews control the media!” and “The Jews control Washington!”
Suddenly we’re up in arms. We create huge campaigns to take these people down. We do what we can to put them out of work. We publish articles. We’ve created entire organizations that exist just to tell everyone that the Jews don’t control nothin’. No, we don’t control the media, we don’t have any more sway in DC than anyone else. No, no, no, we swear: We’re just like everybody else!
Does anyone else (who’s not a bigot) see the irony of this?
Let’s be honest with ourselves, here, fellow Jews. We do control the media. We’ve got so many dudes up in the executive offices in all the big movie production companies it’s almost obscene. Just about every movie or TV show, whether it be “Tropic Thunder” or “Curb Your Enthusiasm,” is rife with actors, directors, and writers who are Jewish. Did you know that all eight major film studios are run by Jews?
NOTICE I AN AN ANTI-SEMITE FOR POINTING OUT WHAT HE POINTS OUT???????
I’m working for 2 Jewish families-one American-the other European. I’ve noticed a distinct difference between their attitudes. They employ me, I earn money, but what’s your problem? That a tribe of people are controlling the American way of life thru a multitude of media and arrogance?
@ Angelo- Maybe you need an apple juice flush to chill you out a lil bit- it works well on anger issues.
I thought this article was about bonds and money-since I know nothing about investing or what to do with my cash, I thought I could learn something. I’m still confused.
My entire comment was meant for @Angelo-
wow your fast.
ASK THEM WHAT A GOY IS!!!!!
They’re not Kosher households-I clean their freeking houses-I make a living-I’ve cleaned for blacks, bikers and wkend cokers-
Troll-no, never, DAR and 16th generation American-I hate arguing with liberals so much I want to wring their lil necks-but if you’re suggesting I make my card read-
I clean for Whites Only’ than screw you
I may not be smart enough to know about investing or bonds, but the one thing I do well is clean and that I can earn cash for honest work is the American way.
Please, some here are not children.
Same strategy from isreal first-america second trolls.
Hows the weather in tel Aviv?
Oh, dont forget to e-mail mac and say you are not comming back, and your SO offended. blah,blah,blah.
Thats what you do isn’t it??, I dont even have to ask mac about that, I’m sure thats what you do.(feel free to comment Mac)
If I am wrong(and you are not a troll), ask those 2 “families” what a goy is.
Answer-
YOU
ANIMAL
Call me whatever name you want to.
“all men are created equal, and are endowed by their creator”-old white guys from america.
Are you freeking kidding me???
@Kevin-you better not be talking to me.
Yes, I was talking to you.
Whites are you talking about?????
“Whites only”
Where the HELL did you get that from???
Liberal?????
Ask them what a goy is.
Like I said, THEY think you are an animal(goy).
I DONT.
But you defend your master????
And attack ME. Hmmmmm.
Speaking of kosher, google “kosher tax”.
We ALL pay exra money for food for 1% of the population so its to THEIR religious standards. WHY is that??.
Do you support paying extra money for your groceries so the hindus eat what they think is “kosher”
But people say I am full of hate if I point stuff out. Hmmm.
Investing in bonds(or not) is not a sign of inteligence.(look at our bankers. CROOKS. they are like our politicians, the politicians make huge 2700 page health care laws, with 50,000 refers to other laws to make it complicated to STEAL from us, and the banksters do the same, make stuff complicated to STEAL from you.) Thats why bankers and gubmint HATE honest money(gold,silver).
Banking is like being in the electronics, IT, or any other trade(except working mans trades are honest work). If your not in the trade and you didnt get specific training/education, you’re just not in the trade and didnt get the specific training/education. THEY just want you to THINK they are smarter then you by making all their scams complicated and we cannot understand the amount of thievery.
AMERICA FIRST!!
F^CK isreal
F^CK iran
F^CK em ALL!!!!
America first!!!!!!
Our money is dying. I can attest to that. Our bank account went into uncontrollable spasms and we rushed it to the hospital. We had to take it in the car, since our health plan doesn’t cover ambulance rides. And obamacare specifically denies coverage. It’s right there, on page 1,547- ‘No health care shall be provided to old, ailing currencies who can make no future contributions to the economy.’ They will, however, abort your interest rates under the birth control option.
They wheeled our account into the hospital, and the ER doctors made a quick diagnosis. They said our money was highly anemic. I had suspected as much. Lately, the amount of money in the account was about the same, but it just didn’t have the get-up-and-go it used to. It was getting weak, and easily exhausted.
The doctors started an IV drip of 401(k) solution. Evidently, our money was allergic and had a severe reaction. It went into shock! They were barely able to save it with several large jolts from the stimulus paddles. It was touch and go for a while, and we didn’t know if our money would survive the night. Finally, they said they had it stabilised. But I think that was more from fiddling with the dials and graphs than from any actual treatment. They just made it look better on the monitors, even as it was getting weaker and weaker.
The next morning a specialist came in. He was said to be one of the best, even though he’s never saved a single patient. He did a further diagnosis and told us our money had suffered a Fiat Monetary Embolism, and had complications from a long term infection of Inflationosis. He started a new drip of Derivatives fluids and gave it a few more jolts from the paddles. Our money got steadily weaker, but we didn’t panic. Maybe we were just getting used to the new situation. Or maybe it’s because they disconnected most of the monitor alarms. Either way, it looked like things were settling down.
Then suddenly, our money went into convulsions! The few functioning alarms started to scream! The specialist rushed back in and administered a shot from a huge hypodermic. The stuff in the needle looked terrible to me, but he swore it would help. He said it was Liquid Taxes.
It didn’t help. In fact, I think it made the situation worse, although I’m not a doctor so I can’t be sure. After several hours of watching our money writhing in agony, my wife had me sign the ‘Do Not Resuscitate’ orders. Then, they pulled the plug.
Our money was dead.
Words can’t describe the emptiness we felt, having watched our savings, and all our hope for the future, wither and die before our eyes. We were distraught.
The specialist walked us out into the hall and tried to console us. He said, “I must confess, I knew this case was terminal from the beginning. Fiat currency always is…eventually.”
I didn’t know what to say. So I just stood there, staring at the floor.
My wife, the eternal optimist, wanted to make me, and the doc, feel better. She hugged me and whispered, “It’s okay. We’ll manage somehow. We still have the few little silver coins. And there’s always barter.”
Then she turned to the doc. “Thanks for trying. We know you did the best you could, Dr. Bernanke.”
post script:
My wife is the smart one in our family. And the one with the gentleness, and the forgiveness, and the wisdom. She says I should just let it go. Forgive and forget. I know she’s right. But still….I’m thinking of sueing the bastard for malpractice.
Oh Okie I just love you man no matter how bad shit is you can always turn it into something funny I pray that when the shtf we somehow wind up in the same underground bunker cuz you are the best med. I just ROFLMAO
my stomach hurts from laughing! i’ll bet your wife has six-pack abs from laughing at you all day!
justincase, i agree; okie and this misses would bring a great prespective to the bunker!
HIS Mrs. (sorry for the typo mrs. okie!)
The affordable care act is 974 pages long. There is no page 1,547.
http://www.healthcare.gov/law/full/index.html
Unless you threw a number in there for theatrics.
Just read –
Fitch Affirms U.S. Credit Rating at ‘AAA’; Outlook Still Negative!
Trillions in debt with no way to pay for anything and we have a AAA credit rating?
Here’s a side question. Going back to the posts on another recent article there is a lot of speculation on this fall with respect to a collapse or social disorder…etc. Could it be that they know that we will hit the debt ceiling around that time and the Republicans and Democrats won’t come to any agreement about anything that close to an election, thereby causing default on our debt?
This would make the snowball a lot bigger a lot quicker as it speeds down the hill.
so will that snowball be able to put out the burn from the scorched earth policy we’ll see during the lame duck session????
and than some one goes and does this!
Scranton mayor slashes pay for all city workers—including police and firefighters—to minimum wage
Cash-strapped Scranton, Pa., has slashed pay for all city employees—including police and firefighters—to minimum wage, sparking furor among unions that now say they plan to sue in federal court.
A lawyer representing three unions told Scranton’s Times-Tribune he will file several motions, including one to hold Mayor Chris Doherty in contempt of court for violating a judge’s order to pay full wages.
Last week, Doherty abruptly cut pay for all 398 city employees to $7.25 per hour, saying it was the only way to keep Scranton solvent.
According to the paper, Scranton—which faces a $16.8 million budget deficit—had $133,000 in cash on hand as of Monday, but owed $3.4 million in various vendor bills, including health insurance.
how much you wanna bet the dirt bag politician didnt take that pay cut
Thanks for the heads up VRF. I have to drive through Scranton tomorrow and I need to really watch my step. Don’t want to be feeding those hungry bears. Of course, I’ve got in the habit last couple of years to NEVER do anything that might get me pulled over. So many states and cities are using traffic tickets for survival revenue these days. They still may get me, but they’ll have to just make up an excuse to pull me over. I won’t give them a reason.
And maybe I should take the chrome and chicken lights off the truck! (low profile…opsec…ssshhhhh)
yep, I’d take it easy SnOkie..anymore these days if you havent done anything to get stopped..they will just make one up for you..take care and keep the shiney side up
SO TRUE!
This needs to be resolved,” Scranton firefighter and president of the local firefighters union John Judge told FoxNews.com. “My members are getting a check for $7.25 an hour. These are people that are the head of their households. They have mortgages. They have other living costs. They are now going to have to throw their bills in a hat and randomly pick what gets paid on time.”
~~~Note to those non-preppers watching on the sideline…lesson here???~~~
Wait! Everythings fine you Doom and Gloomers!
Nothing to see here, move along….
Oh, and be sure to pop the lastest anti-depressant, washi it down with the lastest alcoholic beverage, and watch the new reality show on TV!
Maybe you should write a big check to help pay these poor workers. If the city is broke then the city is broke. This was no surprise as Scranton has been a mess for a long time. No tax base means no money for the high paid union workers. Typical Rust Belt city. Mass immigration and outsourcing have a price.
One thing never spoken of in all them articles of what if’s etc. And will we go back to Gold based cash?…Or one world currency?(Bingo!) I found from my prior experience when I first met in person aprox.2-dozen+ Libertarians types back in 1999-2000 when we were trying to pass CCW’s legislation here in Mich(it did pass finally!).
I spoke alot with them all on all types of things and I found most all were atheistic people…I got no problem with that as all are free to believe or not.
But same as all these Long winded circular debates on cash/moneys future not a single person back then nor now includeing these articles, ever seems to consider this…
Just what If?…What if the bible book of rev. is correct and all people worldwide be required to accept a “Mark”?
Think…In todays world How else can anyone govnt or bank or dictator of entire world possibly control who can buy or sell ANYTHING?…Unless entire world if by design(of bankers/bogus Polititions) destroy all nations currencys. And then switch it ALL worldwide to a Cashless world.
And NOBODY without the “Mark”(666) aka= Probobly a computer chip or RFID to be able to access the entire system.
Now what happens to Gold/silver?…Them what invested into metals do not want to admit that just maybe as done in 1934 era by FDR xact same can and probobly will occure again. I know ,I know, you will refuse to hand it in…I would also.
But what gas station or store will risk barter or trade for gold or silver if lets say Feds make it a 20yr Prison term to simply possess it(like Cocaine and heroin today is)?
And they do know every fuckin thing on ALL of us peons.
Right now ATT has Over 2.8 TRILLION info packets on all phone/internet/emails etc. in Storages!
Theres also I believe at least 2 more like att with about as much stored same info. Right now every email/cell/phone or other comunications is directly routed THRU 2 companies located in Isreal. Then passes back here or europe etc to final destination when You make a call etc!
Them 2 isreali co. also make and monitor entire networks evesdropping secret stuf the fed gov uses.
Heard about in UTAH? feds spending over $2-Billion to finish a new NSA spy building that covers a whopping 1-Million sq.ft…And when finished(soon! by end of year I think) will consume as much electricity as a normal CITY with 200,000 Homes!!!! Per Month usage!!
That is where all them Trillions of phone calls/emails/online searches/ Websites You visit etc will all be kept and computer scanned for various potential threats to the “homeland”(Us whitefolks is number one suspects).All you buy or sell or Do too.
Forget Germany wwII or weimier 1923. Better read and Learn how the Kommie Russians did it all in 1917 where in Russia-Poland-Ukraine they Murdered over 100 Million Innocents.
It took from 1917 to 1922 aprox. to officially take over with what the world recognized as the Soviet union aka=ussr.
The First Law made by Lennin/Trotsky was a ban on being “Suspected”(not convicted! Simply suspected) of anti semitisem…If simply accused by ANYONE you got a Bullet to back of head…Imeadiatly or as quick as the “Checka aka=secret police, could arrive to kill you!
Then they shot dead entire family just “incase” they may be one too!…They figured since Phones was kinda new and very costly back then…They, the checka, would look in the towns phone book listings and whoever could afford a phone?…Go there house by house…Make accusations(of antisemite) and KILL entire family!
I will let you all figure out Whos familys got handed over the house or farms them dead wont be useing nomore!….HINT! It werent any Patriots nor Orthodox Christians who got free homes etc!
Then the Kommies began to raze/burn down/blowup all Churches…28,000 christian ones(but Not one single Sinogouge was harrmed…Hmmm) Thats reason Putin is now building 200 churches per yr and already has several thousand done. He also mandated they teach true history and christain heritage of Russia at all schools.
Guess they do not want any repeats like 1917 again eh?
Anyways even if you are an atheist you can’t disregard that Cashless and Imbedded chip implants sure seems most likely way to enforce one NWO money huh.
No ammount gold or any other stuf will help then I think. They already got new laws(fed laws) last few yrs to Ban litterally every fuckin think we can turn too…Gardening! Soon Guns banned(Do NOT hand em in) travel when order is announced…
A Real fight is upon us NOW but aint involved bullets as yet(xcept at ruby ridge-waco-many other) Not yet on mass scale…But it is only way they can posibly subdue us all.
If it comes to chip & cashless all prior ideas or preps to save wealth etc is finished. And that is what it appears is their main agenda/plan no?
Asshole
No one really knows Putin’s ‘race’. His grandfather, a master chef for Stalin, is the first of his line, and that guy was a man of very few word. He said so little that he was one of the few who were allowed to be in Stalin’s banquets all the time, where Stalin normally issued orders to dispatch people he didn’t like.
Angelo Mysteriouso
Fortunately hackers hate the system of control and if a global electronic thing comes out you can be sure they will do their best to dismantle it. I for one would love to see them do it. Most hackers are not malicious contrary to what the media likes to tell your average idiot. They do it for a challenge and then leave no trace of them even being there. Those are the true hackers. And they will be the ones who will be on liberties side and not the bankers.
Far too many holes in government and banks to make it fail safe. False marks and whatnot would be in high demand and then your silver and gold or food preps would be for barter.
Just my view so I do not need to see thumbs up or down, thanks.
“Thats reason Putin is now building 200 churches per yr and already has several thousand done. He also mandated they teach true history and christain heritage of Russia at all schools.”
Religion is very useful. The fool public will always believe what they are told to believe. Why do you think churches are tax-exempt in the US? They are providing a service to the government…give the foolish uneducated population some hope and release societal stress and frustration. Meanwhile, the elite are free to continue to milk the wealth of the population.
I believe we should compare the two declines of the British Empire, when looking for solutions to America’s decline.
People often make the mistake of thinking that the British Imperial world domination 1583 – 1945 as being without challenges. Think loss of the American colonies, Napoleonic wars, opium wars, the great game vs russia, end of slavery.
The people of the British Empire were able to adapt to changing circumstances. The industrial revolution overcame the need for slavery, use of native armies in different parts of the empire to maintain control, think Indian soldiers in Ethiopia and the Sudan.
It took two World Wars to finish off the British Empire. Think about that for a moment, both of those wars were wars of choice and could of been avoided but for irrational exuberance on the part of the upper classes who had no idea about the carnage that they were about to unleash. The idea of the loss of the best and brightest, the lost generation.
America practises a free strange version of free trade. Countries that allow US military bases get open access to export without restriction to the US. But do not have to offer the same to US exporters. In the book “Blowback” Chalmers Johnson warned what this would do American industry.
Remove bases in Japan, South Korea, Germany, Middle East, etc. Let countries work disagreements out amongst themselves. And only have free trade agreements with countries that have similar work practices, values, etc.
America needs to work out how to live with China, remember most chinese parents want the same things that we want for our children. It is just the arsehole leaderships in both countries that want to focus on our differences and foster hatred.
I cant seem to finnd it now..but there was a report on how much money the government over spent on jobless benifits
the figure was astounding..14 BILLION!!..yep Billion..how in the hell can we trust them with any of our money? how in the hell could we trust them with health care dollars and tax dollars taken out of our paychecks with this kind of bullshit going on? these assholes need to go!
heres a link to that article:
http://money.cnn.com/2012/07/09/news/economy/overpaid-unemployment-benefits/
I think the country has spent 8 billion a month on funding two wars for 8 years (that were unwinnable from the start)…where’s your outrage there??
Oh yeah, gay marriage was on the ballot, so you put that ahead of common monetary sense, and put bush in office. And now you want to complain. yeah….8billion a month for years….all going to haliburtons of the world in no-bid contracts…its hard to take that statement seriously. I was out mobilizing, so I can talk.
buttboy,
You should save your little self rightous rant. When was the last time anyone gave a crap about what the rest of us want? What planet have you been living on.
I have already voiced my outrage on that subject, sorry you must have missed it..yup im pissed about it every fuckin day..
I dont know why any of these statements on here are hard to take..and if you are piling on me for bringing “this” issue to the table ..you better pack a lunch bud,,, because this is just the begining of our hell on earth
I too read that–telling recipients to not cash the checks–they may be asked for it returned!!!
Oh, good: Govt overpaid $14 billion in unemployment benefits in 2011
hotair.com/archives/2012/07/09/oh-good-govt-overpaid-14-billion-in-unemployment-benefits-in-2011/
Trillion is the new Billion, haven’t you heard?
LOL. $14Billion; with most of that paid in the form of unemployment insurance (taxes). $14Billion is NOTHING.
Posted on Drudge Report…
Russia despatched a flotilla of warships to Syria today.
(www.telegraph.co.uk/news/worldnews/middleeast/syria/9390177/Russia-sends-warships-to-Syria.html)
Direct link…
Russia sends warships to Syria
http://www.telegraph.co.uk/news/worldnews/middleeast/syria/9390177/Russia-sends-warships-to-Syria.html
Nice chair on the beach, some good beer and shades. Get ready for the show………..
Yes. The absolute BEST way to survive the reset is simply by being somewhere else! That’s my plan.
“all of these are the beginning of sorrows”
http://urbansurvivalsite.com/the-reality-detached-american/
I have never done this but here it goes (OFF TOPIC) I have had a very very bad feeling the past week and a half. It is actually horrible. I have had nightmares tool My oldest child (20) had had dreams of zombies and bad feelings tool. We do not talk of shtf too much as I want her life to be normal as long as it can be. we did not discuss this untol today when she brought up the dreams ans feelings. What is stranger is my mom who is 400 miles from me is having this also, she told me yesterday. No me and my mom are not having zobie dreams but a very bad feeling as though something bad is gonna happen. Just curiouse is anyone lese having this in the past week or so? I am not usually one for the whole heebygeeby feelings thing but it is odd we all have had it for almost the same amount of time. Just is oddd to me please do not think I am crazy…..my family already thinks that of me(LOL)
to justincase:
We have that feeling here at my house too, a dark foreboding that things will be much, much worse than any of us think or expect. We think we are astonished now – I am sure we’ve seen nothing yet.
Right there with you….on the weird dreams AND people thinkin’ I’m crazy!! I know in my gut bad things are coming…..don’t know when or the exact method, but I know a bad moon’s a risin’.
Justincase, If you have read Alinsky or Cloward & Piven, you know that one tactic for their agenda is to overwhelm the system. This can be felt top-down and bottom-up so that individuals may experience what you (you/me/us/we) are now feeling. This is intentional.
Right now there are a multitude of factors that are seemingly crashing down all around us. There is legislation that is threatening us, there is legislation that is ‘pending’ to threaten us, etc. Every system and routine that we have lived with for years has been turned upside-down. Every part of our personal lives, our life goals, our God-given rights are being threatened. It may be that you (you/me/us/we) are being impacted by nothing but bad news and threats.
Once you know that the Progressive/Marxist tactics include sabotage against our Nation as well as the individuals, you might be able to better prepare yourself emotionally. Many people are beginning to feel overwhelmed with so many threats and so much negativity and bad news. Stay focused on your needs and try not to get caught up in ‘the fray’ because it’s what they want.
Been feeling it along with the dreams. Waiting for that last piece togo into place.
At our MAG meeting last night, many were telling about recent dreams pertaining to SHTF. And everyone is feeling uneasy!
Zombies = Romney voters who actually think he’s actually capable of doing anything good for America. You though Bush and Obama were bad…just wait. Ron Paul is only sane person running, and he hasn’t a prayer of winning.
How about the latest news on Peregrine Financial Group? A sign of more to come? Reminds me of MFGlobal.
Keep on a-preppin’.
MAC, my question for you, et. al., is where would you place the USA on that chart in the article, between 1918 -1923? Thanks.
The National Futures Association said it received information that PFG may have falsified bank records, and that the company only had about $5 million of $225 million it had claimed to have in a deposit account.
(the person falsifying records needs to spend the rest of his life in jail; and all involved aiding the fraud….no company has ONE accountant,,,geeze)
All the NFA and CFTC care about is their own damage control.
July 4th fireworks in Columbus Ohio:…Went real swell till end when without warnig Massive CHIMPOUT occured against only WHITE Folks.
Unsuspecting whites suddenly ATTACKED by Massive Mob of NEGROES “Yooots” (Youths).
Go see what MSM and O’Rielly et al Refuse to report and IS occureing most every day/week across america wherever them “Yooots” are at.
You can see a huge picture of just One man whose face is so horribly beaten beyond recognition and so full of blood you can’t recognize him!!
Along with an Entire section devoted to mass CHIMPOUTS By spoiled brat Racist hate whiety negroes and the Pictures/articles to Prove it all.
Check out website of…..Incogman dot(use usual .) Net
I think it is High time we who carry guns ccw style begin to Also carry AR-15 rifles and several(6 min.) 30 rnd magaz’s incase We find selves in the middle of such Riotous Racist Chimpouts determined to attack/phys harm and Murder us Whitefolks.
Most state laws allow rifle carry as long as it is Unloaded and in a case or covered etc….Mine is going behind seat in pickup truck and if I am attacked OR see Other whites being ravaged by Out of control Racist Black Yoots chimpinout I Will begin Shooting!
Imagian Al Sharpton foamin at mouth like a ape with Rabies after the Negro Racist yoots(usally Hundreds even as many as 500+ at mall of america in May 2012!) choose the Wrong Whites to fuck with huh.
He wont bring yellow busloads of always ready at drop of hat Black protesters bringing their “Signs” carried in antwhite protest, to Up north areas like here I rekon….Not if he is aware of how many here refuse to allow such Chimpouts at our locations!
Load em-Carry em Prepare to USE them Rifles and get every last bastard doing this or it WILL be at Your home/area soon!
PS: As per the “Norm today” Cops were there yet as usual if Whites are the Victims?….”Sorry we cops aint got enough men to do any fuckin thing!!”….But if any Whites do such?….”Thats Rayyyssssissss!! HateCrime! 20 yrs in Pen! GO LOOK AT Pictures of Several of these attacks at Incogman site(not a site for pansy week-kneed or whites filled with selfhate of their being white)
what Kenneth said I cannot believe that a mother able to earn $7775 in four weeks on the computer. have you seen this web page makecash16. çom
BUY SILVER. Either Silver American Eagles, or Canadian Maple Leafs. I buy from PROVIDENT METALS, out of Texas. They typically have the lowest prices, online, and excellent, discreet delivery. IF you buy some gold, I’d recommend their American Gold Eagles, 1/4 ounce, or 1 oz., or their American Buffalos.
I got my Silver Eagles from Gainesville coins because they were the highest rated that year in a study by NIA. They are a little cheaper today than Provident for the same product and the service was also fantastic.