After a near collapse of global stock markets in recent weeks on fears of a European Debt collapse, central banks took action this morning to rescue the system:
Stocks soared in morning trading Wednesday after major central banks acted together to support the global financial system by cutting short-term borrowing rates.
The Dow Jones industrial average jumped more than 400 points in early trading Wednesday, and was up 392 hour after the opening bell.
The central banks of Europe, the U.S., Britain, Canada, Japan and Switzerland eased banks’ access to dollars by reducing their borrowing rates. They were responding to fears that a European country will default, touching off a credit crunch similar to what followed the 2008 collapse of Lehman Brothers.
Banks need dollars to fund their daily operations. Their access dried up as U.S. money market funds reduced their lending to European banks.
Source: Associated Press
Thus, now we know why stock markets around the world are soaring. Financial pundits seem to think that all of those underlying issues facing the too-big-to-fail mega banks exposed to the unpayable sovereign debt of European countries have somehow been resolved as of this morning. As his been the case for the last two years, this is nothing more than a 24 to 72 hour news cycle maneuver to suck even more money from unsuspecting investors.
Forget what the central banks did this morning. None of that matters. What matters is this:
Via the AP article cited above:
The move by central banks does not address the fundamental problem posed by heavily indebted European nations. European finance ministers in Brussels have been meeting since Tuesday but have failed to deliver a clearer sense of how the currency union will proceed.
Nothing has changed from last week when Europe faced what Polish finance minister Radoslaw Sikorski referred to as nothing short of an “apocalyptic” breakup of the Euro Zone. Echoing the seriousness of the crisis on Monday, OECD Chief Economist Pier Carlo Padoan warned that a Euro collapse would have “highly devastating outcomes.” Same story, different week, despite what equity markets are doing, because remember that the problem is not with stocks (right now), it’s a problem with massive amounts of debt that cannot be repaid.
The best insight we have into what’s really going on is that the last several weeks have seen major lenders unloading their positions in European debt holdings, which is effectively a run on the banks in the sense that investors are liquidating their positions – tens of billions of dollars worth. This is why we have seen stock markets dropping up until this week. The smart money has been heading for the hills for weeks!
The world’s lenders are increasingly deciding that it’s better to be safe than sorry, and they’re pulling their money out of Europe.
Importantly, once runs like this get started, they can accelerate fast
Source: The Daily Sheeple
Today’s move by central banks changes nothing except the ticks on the Dow Jones. The debt is still there. The people are still broke. The system is still collapsing.
Believe the mainstream hype at your peril.
The IMF and Central Bankers have been busy again.
Right you are.
This maybe the final market push before they (the Banksters) implode the whole system and wipe everybody out.
Don’t be fooled for a second!
My estimates are that they will inflate the market (The Dow in particular) to 12,000 – 13,000+, ride it a little to sucker the last of the private investors in, then,… WHAMO!,… GOTCHA!
Crash the market, keep the equity invested, initiate a cascade of margin calls and stop-loss sales which will drive the market down even furhter.
My estimate is it could drop to the low 7,000’s or even in the 5,000 – 7,000 range to squeeze every last equisite penny out of the suckers, then they (Goldman Sachs, JP Morgan, CIA’s InQtel, International Banking houses) step in and buy “distressed” stocks for pennies on the dollar.
Nothing new in this strategy, Nathan Mayer Rothchild did it during the Battle of Waterloo (1815) where he caused panic selling of Consuls (British Bonds that pay in perpetuity), and then bought them for pennies on the dollar. (They hold them to this day which pay an average of 12%)
This has been done time & time again.
The difference is, the crash of the Soverign Debt instruments will percipitate an economic repurcussion that will make the “Great Depression” look like a wedding party.
Preps: Bullets, Beans and Banages.
The only solution: Declare the IMF, World Bak, The Federal Reserve and all Central European Banks Terrorist Organizations they are.
Sieze their assets, return them to their respective countries.
Arrest ALL officers of the these central banks.
Try, convict and HANG the lot of them for Treason, War Crimes and Crimes Against Humanity.
Sign an international agreement that FORBIDS any country to have a PRIVATE central bank under penality of International Crimes Tribunals and War Crimes.
SIEZE ALL assets of the Rothchilds (since the Rothchilds are the biggest International Terrorists in human history, they will hang first and don’t need their ill gotten gold anyhow), and institute a gold backed currency for all nations.
Get rid of the Central Bankers/ Central Banking System, and 90% of the worlds problems disappear overnight.
JD – US Marines – Callng For War Crimes Trials Of The Internatioanal Bansters.
It’s not how low the Dow will go, it’s where the Dow meets Mr. Gold.
One might ask why Italy, Spain and a few other countries don’t put their gold on the market or up as collateral. Maybe they have already???
They shouldn’t put their gold up “Italy” they should drop out of the euro and back their currency up with gold. Which they proabably won’t due since their current bailout/debt equals their gold reserve, so what will happen is the “bankers” will take their gold and issue them bonds backed with gold, and wow they just stole Italy’s gold the white collar way.
Well said JD. I could not have put it better myself. Hats off to you sir.
That sounds reasonable… and in line with the Constitution.
OR…….. heres a novel Idea…
YOU can step in and by distressed stocks at pennies on the dollar…
Thought never crossed your mind?
Sheesh. No wonder this Country is screwed.
Those of you who are awakened get it. The charade just played out is just more pap for the masses.
It also seem to be a very subtle Hegalian Dialectic play:
People are already stressed out, such financial manipulations only stress them out more. Then, another tempoary financial fix is put in place, by the very people who created the problem, and people are relieved. At least for the moment. And, the debt will not go away.
How many of you ever thought you see the day that our country is over $15 Trillion in debt? But, hey…so Black Friday did’nt go so well. Heard they’re having another sale next week…
The US National Debt Clock:
I smell a whole lot of “front running” in the markets. This is going to end so badly.
“It’s a big phuckin’ club and you ain’t in it.”
And I am glad I’m not in it!!
Dude ….. I am so damned glad that I am not a member of THEIR club. Ending “badly” isn’t the half of it.
I personally can’t wait to see those who consider themselves to be ‘entitled’, the elites, and all the rest whose ca-ca doesn’t stink when the end finally comes. They won’t be looking or feeling quite so smug then. Their current status is about to change quite drastically. Elite in the past = a target in the future. The righteous wrath of the retribution of the Citizens of the United States will be a terrible thing to witness …. let alone to be on the receiving end thereof.
Soon boys & girls …… very soon.
Sadly, I think they are so insulated, they will never be held accountable for what they have done. most of them probably don’t even live here.
Yes, I feel the same way, the end of this tale is going to be very painful for all.
Anymore I kind of feel like I’m watching some giant street con.
Babylon System is about to fall. Prepare for 7 years of Hell on Earth!
There are no hills in Iowa. God help us.
You’re welcome in Ky–just be aware we haven’t gotten rid of the traitor McConnell yet..two more years.
—–There are no hills in Iowa—–
Good! That means you have great fields of fire!!!
Take advantage of them!
LOL, I love this website.
but we have the best agriculture land in the world!! At least we can grow and eat. People in cities are so screwed! God bless! James
Cu is up 6.8% this morning Mac. That doesn’t make any cents at all!
“The move by central banks does not address the fundamental problem posed by heavily indebted European nations.” This is the most relevant sentance the AP wrote, the rest is a mere distraction. Instead of taking responsibility, steps are being taken to “kick the can down the road” a bit more. Anyone surprised? Buehler? Buehler?
Lehman’s Banking system diverted again. That’s a large can of peas.
What we need is someone like Andrew Jackson to shut down the Federal Reserve. Of course, this same person would have to grant all U.S. citizens their status as living breathing human beings as well, no longer members of the corp. but free beings of their state within this union. That would stop the shell game dead in its tracks.
But that is simply dreaming. We are each charged as individuals with disengaging from the federal corp. and as I have learned, it is a slow process and can be frustrating when others engaged in the system try to plug you back in!!!
I hate to sound like a broken record, but…
Ron Paul 2012
I hate to be a downer, but it will not matter one bit who is installed as “POTUS”. The agenda was set long ago. The fix is in. Your vote does not mean anything.
The ONLY reason RP could be installed, is if TPTB feel they need another shell-game cycle to run thier powerplay.
It is called posturing or if you like positioning. The truest of all pyramid schemes: central banks and the fed.
I wish the stock market would just crash already!
Have mercy on the People who just woke up. We need a little more time. Wish for more time Shane!
no more time…they have had enough already…
(((Pay NO attention to the man behind the curtain!)))
So many sheeple are going to be ShOcKeD when the collapse happens.
Keep on preppin’
Bullets & Beans / Beans & Bullets 🙂
Indeed. I think that every person I know except for maybe 3 people, don’t have a clue. I’ve been talking to my cousin about whats going on but then this morning he seen what was going on in the market and because of that he now thinks that I’m full of shit.
I know what you mean. My wife and I talk to hundreds of people over the past year. The tally is in: Ignoramouses 98%, In-the-Know 2%.
when all is said and done..those idiots will be begging for some of your shit.
they can have all of mine they want, it’ll solve long term sanitation problems, as for my beans, bullets, and bandaids – ain’t sharing
They are just paving a few more feet of asphalt at the end of the road with borrowed/digitally printed money so that the can has somewhere to go after its kicked…
Thank you Mac for being the voice of reason in this insanity!
You’re so right – nothing has been resolved and because of this insane move we now face horrible inflation.
Buy your preps now while they are still affordable…
PARTY ON Garth, the bartender just reopened the tab. There will be plenty of new good jobs to pay it back after we max it out again! What are you having?
Who is it that says Ben and the FED can borrow our US (worthless) dollars. Where are these cheap dollars coming from? Dosnt the US goverment have to say how much printing is needed. This all stinks! I was going to buy more silver this weekend dam it! Now the price will go up $2.00 and once if not more. And yes I have plenty of prep’s already. Well I guess one can never have enough. I guess I’ll buy more ass wipe and whiskey!
Good to see others from zh.
Good point, but skip the ass-wipes, you already have FRNs.
Nothin’ but a band aid. Just delaying the inevitable.
Yep, like putting a band aid on a dam leak!
Either brilliantly strategic or complete idiots.
My money (and preps) are on the former!
You’re banking on “brilliantly strategic”???
Should have added (sarc).
I meant if your intention is a collapse of the global economy and introduction of a NWO…then yes.
Makes one wonder what the elite banking scum is waiting on? Are they actually afraid to pull the plug?
Soros hasn’t given the command.
This is NOT a band aid! This will fix NOTHING! This is just a MAJOR TRANSFER OF WEALTH in a thin disguise.
Hey there everyone. I have a question for everyone. I’m not set-up for whats coming at all. I was at one point but the ex ended up with everything that I had prepared. Luckily, I just sold my fathers house in AZ and I’ll have about $11,000 after my siblings divvy it out. So given that this site “has the best people” on it, I wanted to ask everyone….If you weren’t set up at all and all you had was $11,000, what would your prioritized list look like. Its just me and my new wife.
But I also have one additional problem. My wife broke her back about 5 years ago. She can still walk, but the problem I see in the future is that she is also on pain management because she has a lot of metal in her back and foot. So her pain pills are going to be an issue I think when this whole thing comes tumbling down. I’m not sure if there’s even anything I can do about that. Marijuana can take the edge off but that’s about all we’ve found so far. Thanks in advance.
We do have an RV and a good truck. We live in Oregon in a small town of about 20 thousand. There’s lots of farming around and lots of streams. Were currently living in the RV and camping all over on BLM.
Thanks in advance for everyone’s help. And thank you Mac for a great site.
Wow…I would stock up food, some extra winter clothes, bullets, and convert cash to gold/silver (you can still buy gas with couples of silver Morgans). Pray hard!
I’m planning on getting us a years supply of food. So that should last us about six months. Antone got a company that they would recommend going threw. A link would be helpful.
You’re in a pretty good location it sounds so you have that going for you. A good food storage/rotation system (mine is from shelf reliance – no affiliation) eat what you store-store what you eat, water storage and a GOOD filter(s), defense/ammo, meds like antibiotics. Health items (TP, soap, tooth ziplocs, garbage bags).
It also doesn’t hurt to expand your skill sets. Take a EMT first aid class (that may help you with your wife in the long term too), or a self defense class. A friend of mine just got her pilot’s license “just in case”.
The EMT class is a great idea, along with your other suggestions. Thanks.
Dean go on Survivalblog.com and read an article written yesterday by a corpman who is still serving in Afganistan. He wrote a very good piece on what you should have in your medical kit and he cut through the crap from those who just want to sell stuff that you don’t need. Opened my eyes.
Something of a tip that a neighbor surprised me with some time back was Seal-A-Meal’ing ammo in their original boxes in batches of 4-6 depending on the size of the S-A-M materials you may have…
I thought it was a very creative idea..
Tell your friend that Cessna 172s are incredibly easy to steal & a Craftsman tool-box key “fits” in the Cessna’s door lock.
Tell her to shake the wings while on the parking ramp & “listen”, she needs to be sure there’s plenty of fuel for her 3am getaway! Godspeed her fleeing w/ her family!
Guns at least 22lr, an ar15, and a twelve gauge and lots of ammo, Groceries, Precious Metals lots and lots of silver dimes. A good medical set up including a lot of over the counters Tylenol, Motrin, fleets, tooth brushes “LOTS” of Triple Antibiotic assorted bandages etc… Bartering stuff lots of info on that at this site, shortwave radio with am and fm. Learn to can and start now, Heirloom seeds, alternate heating kerosene stabilized is about 225 for 50 gallon drum where I live, Find some like minded friends. This is how I am set up and I am always adding.
Boy it sure is easy spending someone’s money. But seriously Guns and groceries first and learn to use the guns properly and practice for he situation you expect to be in, ie… in the house, in the woods wherever you will be holed up. Practice, Practice, Practice and keep your mouth shut about what you are doing or face the hoard at your door when the SHTF. Peace
As far as guns go, I only have a single shot 22LR. I do plan on getting a 12 gage shot gun. I was thinking about a 38 because of price compared to a 9mm. I’m just not sure if that’s the right thing to do because I don’t want to compromise safety because of the price. And I just don’t know enough about guns to make an educated decision about it. You said that you would recommend an AR15. What about a .223. The reason I ask is that I know a lot of people that have the .223 and that would make getting ammo easier when the bartering starts
Big 5 has a Savage 22 LR on sale for $139. I bought all they had (2)and told them I’d be back for more when they were back in. You can’t go wrong with a few extras of these for barter. Imagine what a hungry unarmed person would trade for a good 22 rifle and 500 rds of ammo. That’s just for barter though; my M1A is my idea of home protection, from a distance ;^)
AR15 can be chambered in .223.
9mm or .45 ACP for pistols, they are NATO rounds, which means they will be used by both sides if SHTF.
I am telling you, do not barter ammo or guns, unless it is with a person you trust, i mean really trust. Barter food, medicines, candles, things like that.
Never barter center-fire(rifle) ammo unless you trust the other party w/ your life! Barter .22LR & bird-shot only!!!
REASON = w/ center-fire ammo you’re trading a long range lethal commodity to a potential threat / adversary, who may decide that he / they require your “stock / supplies” more than you do!!!
first off get your wife off the pain meds from docs, use maryjanepot and electro tims device to manage pain (mandatory daily walks exercise)… electro-therapy does wonders on broke backs, seek out natural hot springs… to bath in… lease land nearby way off main roads w/ hook ups and start farming add a enclose trailer to truck as mobile storage and go solar for electric… used rebuilt panels are cheap! learn to hunt and smoke meat outdoors!
get a cheap gas saving scooter to get around on…
Regarding pain management, you’d also be astounded to discover the difference once you eat a natural diet as opposed to the average North American overload of processed foods. If your wife is able to get all of the sodium and nasty chemicals out of her system she will notice a big difference.
yes very good point @daisy , also avoid alcohol as it causes inflamation of joints and injuries… i personally take msm chondritamin glucosimine four a day double dose with teaspoon raw fish oil an olive oil as i’m a big boy and it works better than asprin its all natural and helps your body fight inflamtion and rebuild the damaged joints and deters / stops further injury… worth the price of $25. a month… good stuff!
People build stockpiles of food and gear because it is the wise thing to do.
But remember this, when TSHTF, it will likely be nothing like we expect. Prepare your gear in tiers:
1) What you could expect to survive on, if you are left relatively alone.
2) What you could survive with if you can get out in your vehicle.
3) What you could survive with if you end up on foot.
Sorry to hear about your wife, I know what she’s going through. Yay MMJ! Boo Prohibition!
Oh, and learn to use an AK.
i would keep the rv and the truck…you can still buy an acre way out in the country for under 3,000.00. look for a good wooded lot with a stream nearby and some good hunting. on that lot you will also need a spot that gets full sun and has good drainage-garden plot. then sink a few bucks into some tools and seed. live in the rv. after, that sink some more bucks into food and storage. then, a few more bucks for a good shotgun. then add medicinal supplies. but before you do anything you need to get yourself to the public library and read your ass off and take lots of notes. good luck.
Dean, are you in Southern Oregon???
I’m around Myrtle Creek. The wife and I are camping on BLM land. But we also stay further south at times like we are at the moment, around Medford.
You are in a good area. I have family near Grants Pass and also just across the border on the coast. I make trips down there often and would really like to be down there permanently. The climate is excellent and a lot of natural resources. Stock up what you can…stores like Grocery Outlet in Grants Pass and I believe there is a Costco in Medford…I imagine your space is limited in a RV. Seeds would be a number one item on my list…water purification too. I agree about the pain medication, try to manage it as natural as possible with diet, exercise, and natural pain relief. The best gardens are just south of the border. Good luck fellow Oregonian! My best wishes for your wife as well.
You are in luck if pot is the best meds for her.Pot is so easy to grow, you can manipulate a harvest in 3 months. Just plant, control the light, weed out the males and presto- Homemade meds!
Yep, It feels like I’m 15 again at the county fair. The game is getting more expensive by the minute, but if I can just get 5 more people to loan me some more money I know that I will hit it big real soon. Of course the game is rigged and the Carney guy is mocking me, but I’m feeling lucky. Just another sucker in a suckers game. Better get out while you can.
man, this is absolutely the most idiotic thing the Fed could do at this point. I don’t know about all of you but I’m about sick and tired of these financial terrorists robbing us through inflation! We as a country need to ban toegther and put aside our differences and get these people out of office soon or we will not recognize this country any longer.
I know, I know…piss me off…..
It’s not idiotic if it’s intentional. The Progressives want the whole system to go belly-up at once. Hillary has the ‘reset’ button ready to go!!
Unfortunately for you and me, the NWO won’t include a Bill of Rights. It’s just… so… archaic. Just like the guns in your safe. You won’t need those in Hillary’s new Progressive world either, so get ready to turn them in. Don’t forget to bring your ammo too!
Arbeit macht frei,
Mal: Its not just the ‘progressives” that’s B-A-L-O-N-E-Y! 🙂
Look, neither party has done squat for the American worker, taxpayer, family, or small business in more than 30 years; which is why WE are where WE are at today.
Retards are just as guilty as the Democraps. Its time to tar and feather these bastards and water board them to get their mind right.
They ALL work for US and they ALL have failed US. They belong in jail for malfeasance in office and/or treason.
Those guilty of treason are those who have introduced legislation contrary to the US Constitution and deserve the penalty reserved for treason.
That applies to judges too, who’s liberal interpretation of the LAW has given rights to corporations (which are legal constructs not people).
Take back America Sheeple! Organize, volunteer, donate, and vote!
There are Progressives in both parties. I agree. Just chose to pick on Hillary and her reset button.
And you’re still wrong about unions. 🙂
right on Durango!! said almost the same thing month ago and got called a “sick puppy” for the comments.sticks and stones….go durango go.
Unfortunately, the Bill of Rights has been belly up for some time now…
woooooooo woooooooooooooooo NEXT STOP !
the money will run here to america and then stall and crash…
expect prices to climb on everyday purchases.
Double-digit inflation is not hyper-inflation.
Ah, Nina…There you go, stealin’ my heart again!
@justme ;0) reverse my name … that is who i am … tekroanin … and i’m a dude. and you write like a guy. an broke back mountain ain’t my thang! ;0P i like my peaches soft and juicy … ;0) so as much as i appreciate your amorous advances … yur’ wastin yur’ efforts if yur not a gurl!
an the fact if you are a chick, an yur’ packin a ak47, puts you on my crazy chick to watch list! duck and cover when she starts pullin da trigger! ;0p pssszzt
luv’ yur’ post though great stuff! pls do keep em’ coming we are definitely cut from the same stone on our thinking!
Sometimes I just like to toss it out by the shovelfull!
What an opportunity to Short the markets –
I’m in! “sdow”,”spxu” – once reality sets in and the xmas rally stalls… it’s all downhill from here.
Let it go, let it go, let it go !`! !`! !`!
Where do you park your money after you leave the market? Land is up 30% this year, gold at $1700+ is scary. Where? Where?
Try going out and digging up and oz of gold. That’s scary!
BEANS AND BULLETS—-THEY’LL BE IN A GREAT DEMAND.
one option is to buy things u need/will use that will store and are probably going up in price. Think investments that do not have any counterparty risk.
You want me to hold that for you?
buycorn: Park your money? Buy corn!!! Put it in a plastic bucket with an oxygen absorber and wait!
mason ball jars>backyard
Just another effort to inspire the sheeple to go out and spend, spend and spend, while the PTB squeeze a few more billion out of the market before it crashes. The good news bad news swings are making the insiders billions, while we go broke. Alas, more waking up at night with cold sweats.
Stall until the last second, then say oops, we didn’t see it coming. Then the blame game insues until someone says enough is enough, launch pads a go to WWIII!
What better way than kill the innocent and reap billions at the destruction of the world.
Is there a silver horizon? Only when the corrupt bankers and Governments are removed from running the show.
In my opinion, WW3 began, in ernest, on VJ Day+1.
WW3 has been an all out internal (but very subtle) assault on Western Civilization. The very real slow death by not a thousand, but an uncounted number of cuts. The unrelenting assault on the mind, the poisoning of our bodies, the usurpation and extreme extension of control over our lives.Our civilization has been gutted since 1945. The WW2 generation did’nt realize, and could not face who the real victors are. Nor can most people who live in this country, today. They have indoctrinated a generation to accept being treated as human cattle.
The next war will probably be called “WW3”, but as far as I am concerned it will really be WW4, the final war to subjugate, or kill those not yet owned. The war that will install a very real NWO. One you will very likely fear.
Your summation is dead on. The Barbarians have long been flooding the U.S. with anti-American thought more than anything else. If you only had three words: “Beware foreign influence!”
Every time the world governments do another bail out, it is time to get some more preps put aside.
The longer these bail outs continue the harder the crash is going to be for the average citizen.
I don’t think any of us realize just how bad this situation can get. I am not sure if any of us are going to be safe no matter where we bug out.
It is a scary time. But I am thankfull for God and my preps. No matter how bad it gets, at least, I have a fighting chance.
God bless and keep on prepping.
OFF TOPIC: regarding the domestic military bill….
61 senators betrayed you today. We are now officially a police state. Their names are… :
Look at All those “conservatives” on that list. Anyone feel a knife in their back?
Doubletap: There is no such thing as “conservative” or “liberal” for that matter.
There are only Globalists and Patriots.
Globalists are traitors and should be arrested and tried for treason.
oBAMA MADE THEM DO IT…that’s who’ll they’ll blame
Georgia’s senators are an absolute disgrace. They are far from being Republicans. I’ve called them til I’m blue in the face. They do what they want anyway. They don’t fear the voter one single bit.
Thats the problem…….they don’t fear the people at all……just look at all this crap they are voting on lately…..nothing of it has to do with the budget…its all about trying to save their asses because they all know its falling apart…….and they will do anything to hold on to the power.
North Carolina’s two fascists also just lost my vote! Seig Heil a-holes.
I know Fred, next time they’re up for re-election, perhaps we should vote from the roof-tops in downtown Raleigh or maybe Charlotte…
add in sue myrick “if you ain’t doin anything wrong don’t worry about” comment on the patriot act took me out of her camp in heart beat. prep fred
NOTICE HOW MANY ARE FASCIST REPUBLITARDS? MOST OF THEM, THE DEMS THAT VOTED FOR THIS ARE FEW, THIS IS YOUR GOD PARTY YOU LOVE SO MUCH, FREAKING HYPOCRITS
There’s a big difference between a social conservative and a fiscal conservative bear.
Has anybody seen my lil cub? He said he was going out in the woods to relieve himself.
I can skin a BEAR as soon as you KILL it! But you have to cook it real sloooooooow.
I’m Here Momma
—@ Momabear 11/30/11 (3:47pm)—
Sorry mama, but rumor has it he was last seen furiously masturbating to the Obama photo, on the cover of People Magazine…at a highway rest stop!!!
Traitors…….every last one of them!
thanks for posting those names….I was looking for those who have betrayed us in America!
This makes me sick
I hate commies.
I hate fascists. North Carolina has 1 D and 1 R senator both are fascists. Both parties are full of criminals. Generally the party you support appeals to you because they tell you the lies you feel comfortable hearing. For straight talk take a second look at Ron Paul.
P.S. I can’t even begin to tell you but buy and hold physical silver and gold. Don’t buy Ag & Au stocks or EFT’s. Buy the real deal you can clink in your hand. We Will be going back on the gold standard. When we do your U.S. dollars will be worthless. Ag & Au will be the future of financial transactions!
agreed fred.we need another boy from the waxhaws. oh wait a minute i live there.damn don’t know anybody i could talk into being a politician; nobody here is low enough.
I’m at work and can’t look this up. Please explain and tell me where I can read about it. Thanks!
Previous SHTFplan Article
If someone told me this 5 years ago about all that’s going on I would have thought that it was fiction. I still have a hard time wrapping my mind around whats coming our way. Logically I can look at other countries that have gone threw this but having never seen or experienced it myself it just makes it all that more surreal.
And to boot, I’m not prepped out any longer. The ex ended up with about 4 years of prep. Luckily I’ve got 11 grand coming in in the next few days and I can start getting ready……again.
Come on guys… read the bill before the hype…
This does NOT apply to US Citizens. As was posted in the other article about this…
Page 362 states “…the requirement to detain a person in military custody …does not extend to citizens of the United States.”
For crying out loud people, I don’t trust the bastards in Washington either but lets keep our heads!
Thanks for clarifying. I don’t trust D.C. either, but we can’t waste time chasing mythical problems! Too much is at stake, besides the truth is strange and terrifying enough!
If you read this the way those in power read it, (and even the mainstream media), you will see that it DOES apply to american citizens.
In the end, it is “the color of law” that determines what will or will not happen, and in case you hadn’t noticed, “your honor” isn’t on our side. Oh, wait, you don’t get to see “your honor” -go directly to the terrorist prison, no phone call, no lawyer, no trial.
This document has essentially authorized an American Gestapo under the guise of protecting our nation from terrorists.
It is just the next step. Pretty soon they will sneak in an amendment in another bill and we will be in the police state. If you want to sacrifice your freedom for safety, go ahead. Something is rotten in denmark with this bill!!!!
I’m holding out for full-on martial law.
(wish I were being sarcastic)
Are you really surprised? This is just another formality. And, I’m sure after all this there will still be people who will believe that if they can just “vote” their fave “candidate” in, all will be well, and Amerika will be saved. I’m also sure that some of the people who are upset about this will also “vote” again for these very same people.
Just one word – Bastards.
So now, in a SHTF scenario, they can detain you for whatever reason they want.. like say having guns !!
Truth, Liberty and Justice just fell a few more notches.
Obama Admin Seals Records of Murdered Border Patrol Agent Implicated in Fast and Furious
Nov 30, 2011 • By Mark Hemingway
With a whimper, history will show the demise of America.
Have trouble believing my friend John Boner is not there.
(R) and (D) voting hand in hand. Makes me ashamed to be a New Hampshireite…
I sent a note to my senator–Rubio. I told him he was a turncoat, and he has lost my support forever. For the life of me, I don’t understand how any intelligent person could look at the wording in the bill, and not think it included Americans. we are screwed.Anyone disatisfied with the current government is a domestic terrorist.
one thing that'[s been confusing me lately is that oil has went up in price per barrel, yet gas has went down and stayed down…not near enough, but still down below 3.50 here where I am at??
Supply and demand as well as the composition of the fuel itself. Because of the state of the economy and more fuel efficient cars hitting the roads, there is less consumption of gasoline thereby causing a glut on the market. Also, the gas you buy is cut with ethanol so it is not pure gasoline. Another factor which dictates overall gasoline prices are taxes- as municipalities and the federal government start to look for more ways to bleed us dry fuel taxes are sure to increase. Give it time, as the price of oil starts to go up yet again you will start to see those price increases.
A shot of morphine will not cure the fiat cancer.
Well, I see that POS. Sessions was in on it as well.
He’s got to go!!!
I think what we have here is a “selling opportunity”. My suspicion is that it was intentional and many “insiders” are selling with the full knowledge that this bump will not last long.
Excellent! Somebody that is looking at this two steps ahead.
If there were no front end runners, why would anybody go long over the weekend?
What happened today is equivelant to a hard core heroin addict needing that one last fix, right before he goes into terminal shock. The needle was inserted deeply today with a nice phat load… “there ya’ go son, that feels better now doesn’t it?”
You guys n gals know that’s it only going to last for so long. At times I cannot believe this is THE reality we are facing. EPIC!!!!
Just a little pin prick. Is anybody out there? Just nod if you can here me.
Come on, now,
I hear you’re feeling down.
Well I can ease your pain
Get you on your feet again.
I’ll need some information first.
Just the basic facts.
Can you show me where it hurts?
There is no pain you are receding
A distant ship, smoke on the horizon.
You are only coming through in waves
Your lips move, but I can’t hear what you say
When I was a child I caught a fleeting glimpse
Out of the corner of my eye
I turned to look but it was gone, I cannot put my finger on it now, the child is grown, the dream is gone, but I,I,I have become, comfortably numb.
…There’ll be no more AHHHHHHHHHHH!!!, but you may feel a little sick…
Thanks Rich 🙂
I wonder if anyone will check the financials of congressmen when they release them, for this year, to see if there is any apparent insider trading going on. Not that I think that a politician would do something like that…………
I’ll bet Queen Nancy buys something really nice. Maybe her and boner will swap presents or something………..
Gonna be a great Christmas in DC…………
It’s all part of the plan for the NWO, nobody could be this stupid unless it is in the plan. No banker would lend money to parties they know can never pay them back….unless they plan to take over their sovereinity,forclose on their assets, destroy the fiat money system set up a new system and enslave the poeple of the world. As the plan progresses, the enslaved will be killing each other off enmass [also part of the plan]. Cherrio, and keep on prepping… Butch p.s. What ever happened to Mushie?
I don’t understand why Americans still get the idea that the end of the Euro means the end of Europe.
Europe is a continent, the UE a political union, the Eurozone a currency zone. Some countries are in the UE and the Eurozone, some are not.
Countries in the Eurozone can go back to their local currencies anytime and still keep an union, still keep otheir industries and infrastructures and even keep the Euro four their foreign exchanges ! They also have gold !
And if they default, then it’s a good think for them (no more debt) and a real bad thing for the american and british banks.
I’m more worried for you guys in America and in Great Britain, cause your entire economy depends on the financial sector (that’s probably t eh reason why the US does not allow the Eurozone to default and is pushing it in the IMF spider’s web).
By the way, Polish finance minister Radoslaw Sikorski is an Anglosphere puppet and Poland an Anglopshere run state. I would take everything he says about the Euro and Europe with a grain of salt (to tell it like it is, we don’t trust him, we know for who and his country work).
Ulrick: You have many good points with which I agree, but American banks are not seriously endangered by a Euro collapse; only European banks are really exposed to each other.
The conflict is between the Euro bankers who do not want to get a shave and a haircut from the Euro sovereigns and lose all of their wealth. The Euro bankers want the Euro taxpayers to bail them out.
In America taxpayers reimbursed the bankers for their losses when our bankers ran their banks into the ground. WE nationalized the debt but WE didn’t confiscate the stock (equity) and recapitalize the banks with new investors. We recapitalized the banks with taxpayer dollars.
The bankers in Europe do not want to lose their wealth (liquidity and equity). That is the conflict, that is what all the hard bargaining is all about.
They want an American style bailout.
The Germans won’t do that, and they are protected by treaty so they do not have to do that.
If the rest of the Euro zone can get Germany to step up to the teller window, they will have to pay a pretty political price for their food stamps.
Fed: Kick the can past Nov.12 or the dictator will lose his shirt
My, but doesn’t Emperor Obama have on a set of really beautiful clothes this morning? See how they sparkle and shimmer in the sun.
Yep…distract the minions with shining objects.
AKA ~ The Bread & Circus tactic from the Roman Emperors.
They kept entertaining and feeding their citizens so they wouldn’t notice their Empire was falling apart. Our version is welfare & MSM.
Michelle better squeeze in one more fancy trip to where ever her majesty wants to go! The O’s gravy train is coming to an end.
And people think i,m crazy when I say 5 more years of this.
You originally said 5-10 years. Now you’re down to five?! Oh, gawd… You’re slowly morphing into a gloom and doomer again!! 🙂
It just blows my mind that people, not just here but globally believe and buy into this giant ponzi scheme.
New sign on the Federal Reserve Building should read:
Federal Insane Asylum, Where the World will never go broke.
Welcome, we are sure you will find your stay here pleasant because we have padded your walls and stuffed your mattresses with Fiat currency from the printing presses you idolize so much. The recreation room has several printing presses for your entertainment.
Lock the doors, chain them and throw away all the keys!
A good read..
I am new to this site, but I must say you all are my kind of people. Thank God I did my prep work and got my PMs while they were cheap. It’s gonna be one hell of a ride from here on out.
Reap the rewards later BRW. Keep your powder dry with no casings! You paid dearly.
“I’m finally proud to be an American.”
I almost choked on my coffee just now.
Dylan Ratigan on MSNBC opened his show with a comparison of the current financial vomit that is taking place with its likely consequences and the lead up and consequences of the Depression Era.
I watch mainstream media to keep my fingers on the pulse of what is being fed to those generally unawake -and it is not often that any one of the talking heads look at history and the future implications of the current choices being made for us currently. I am honestly amazed he gets to keep his job in mainstream media as he often sounds more like someone who would post here!
I must say you have been right on so many of your financial forecasts
That I must say you are the smartest sob in the room, or the man behind the curtain.
What financial episode that could happen in the near future would cause you to panic?
If I see you drop your shit and start running, I’m going to be right behind you!
Slick: Thanks for the compliment but let me assure you that Mensa is not knocking on my door. 132 doesn’t cut the mustard.
Neither am I the man behind the curtain. I am just a regular Joe.
There is no “financial episode” that would cause me to panic. Panic is irrational. Worry is a waste of time and energy. Besides I am positioned to profit with gold, the worse things get.
My God is an awesome God and He will prepare a way and a place for me. He always has. He always does. I sought the Lord and he heard me and He delivered me from all my fears, years ago.
As for my perception of financial events I am experienced in assimilating LOTS of info and making decisions based upon my analysis.
While I appreciate the experience and insight of the Bob Chapmans and Tyler Durdens of the world, among others, they are much much closer to the action than I am, consequently their perception may be more strongly influenced by events than my own.
Make no mistake, things are bad. But these problems are man made. Men and women can fix them if they have the will.
They need only to act now in their own best interests (which BTW is what got US to this point)to resolve the crisis.
I believe they will. They always do, don’t they?
The UR, PTB, and GB’s are greedy. They are not stupid or suicidal. And they have the most to lose from failure.
I do believe in a Mad Max environment eventually, but from a Pole Shift, not a “financial collapse”.
Current events are not a financial collapse. This is civil war between the Globalists to see whether Big Banking or Big Government will rule the planet.
When the Earth Changes finally come, then We will see true global financial collapse. Not until.
This financial crisis will pass. It will hurt, but it will pass.
Not sure I’m with you on everything, but good observations, and suppositions.
DK- 95% of the population is within 2 standard deviations of the mean. 132 is just slightly 2 standard deviations above the mean for IQ and if I remember correctly only about 2% of those tested fall in the upper range or are in the 98th percintile – you could probably get into Mensa if you were interested. 🙂
As the old joke goes, 50% of the population is below average… I’m just saying
Like I said, I’m just an average Joe. If you live long enough you learn a little and some of it sticks with you.
Thanks for the reply.
I may not agree with you on everything,
But the accuracy of your financial and market predictions cannot be denied.
Pole shift definetly possible, but it wouldn’t happen until well into any SHTF scenario. We’ve got plagues and space-junk coming first.
As professed Christians, we know that anything coming has to concur with prophecy, and the “I will shake the heavens and the earth” and “great earthquakes such as has never been seen” type prophecies appear to be timed near the end (the day of God’s wrath).
Along the same train of thought, the Antichrist (who will obviously be aligned with the PTB) WILL wage war against God’s people and WIN, for 3 1/2 years. Therefore I see no hope for this country getting its act together.
There are some that say the US will somehow be so destroyed that we’re no longer a major player in the end times (Revelation 18, among others). Nuclear war? CME? Who knows, all we can do is prepare for every eventuality we can perceive. I know fellow Christians (including yours truly) who have been having vivid prophetic dreams lately (which also jives with prophecy).
I’ve seen mushroom clouds, something coming in from space at one of earth’s lagrangian points, and a very vivid drowning dream.
A fellow Christian dreamed of 1/2 of Texas being underwater, BEFORE she ever heard of the pole shift/continental displacement theory.
So, we KNOW what’s going to happen. It’s all written down…
Plane Guy: The poles are shifting already! Plus there is a large magnetic anomaly in the South Atlantic where Edgar Cayce predicted a new South Pole, 70 years ago.
The mass and gravity of the earth is shifting.
Pole shifts occur on average every 200,000 years. The last recorded one was 750,000 years ago, which coincidently, was the last time Yellowstone blew a gasket.
We are overdue for Change.
Keep those printing presses running! There is no shortage f money!
The problem is the progressives were started by the blue blood republicans under Teddy Rosevelt and every push was run under a progressive president, Wilson, fdr, Johnson, Carter, Clinton, both bushes.
They have taken over both parties and the democrats went right to socialist.
Remember soap box, voting box, jury box, and ammo box as a last resort.
Last chance to use the voting box in 2012. Vote them out, install term limits, limits on judges terms and quit sending kids to liberal colleges. Rant off!
I’m glad the DOW went up today based on manipulation. I hope it hits 15,000 by Friday. The fireworks will be much greater when it falls, than what they would be if the DOW were around 11,000. And, the fireworks are surely coming. Perhaps we’ll see a historical first: a civil war started by a printing press.
Dammit all to hell anyway, we know who the bastards are and we know where they live and there’s not a damned thing we can do about it. Oh, we know what we’d like to do, and we know what we have to do, but there’s not a leader among us who can lead the charge. Oh for another Andy Jackson.
Moderation? Moderation, you say? I must say, I had no idea that a stiff dose of moderation is all that’s needed to extricate us from this impending mayhem. How clever of you to think of it, and just in time too.
What should a person do if they have a lot of money in 401k or ira’s… pull it and pay the penalty or just suffer through it…. We are prepared probably better than most..
Double digit inflation will destroy your 401k purchasing power anyway. Get liquid. Maintain access to your cash, silver, and gold.
Do what I did & (usually) pay “ZERO” penalty!
1.) Visit your banker & tell them you want to open a “RAPID MATURING IRA”(typically matures every 7 days).
2.) Deposit $150.00 to open the account & get a hard copy of the account number.
3.) Contact the portfolio mgr of your 401k / traditional IRA & roll-over that account into your newly established(@ your bank) “RAPIDLY MATURING IRA.
4.) On the 7th day, you will have complete access to your money. Ditto every 7 days there after!
5.) This will eliminate the financial sodomizing of you via the “penalty” clauses! You pay taxes only on what you withdraw.
—-the downside to this = you get like .009% return on a RM-IRA.—
But at least you have access to your money, for your own usage, before its value is completely decimated in the collapse………………………..
@ Gunsmith, thanks for this info. We will be researching this today. If it proves to be possible, then it should be relatively easy to do, as we already have a small second IRA set up with a local C.U. I am more concerned about preserving and access then I am with growth, at this point in time. Thanks again and good luck to you as well.
get it now or lose it later. If the banksters will rip off rich investors, as they did in the MF Global fiasco, what do you think they will do to a common middle class client. These peole have no conscience. They would steal from their own mother. The window of oportunity is closing very quickly. Read about what customers are doing in italian banks. they are getting their money out as quickly as possible. Common sense tells you what’s coming.
Pull! Click! Bang! Recoil! Satisfaction!
@BLV, I have been pondering over that question for several months now. Over the weekend we discussed pulling out and paying the penalties. Then taking what is left and paying off as much mortgage debt as possible…then refinance the balance to 10-15 year loan. Now, I am not sure…my thoughts today were to sell the house for what we owe, cash everything out, and buy more supplies and physical gold and silver (we are not well prepped). We just purchased a small travel trailer…so we would have a roof over our heads. We could use the monthly salary (while it lasts) to keep buying gold and supplies….but where would we store them with just a little rv? Our home is on land….so maybe we should hang on to it. I wished we owned it though. Anyone out there have advice or idea’s of what to do with the 401K? We have even considered moving it off-shore…I have a way to do it.
I am not a good typer so please forgive. First thing take a deep breath!
Alot depends where you are ie big city? small town? West of Mississippi? If you sell house where would you go?
Are we talking a substantial amount say over 100k? Are you underwater?
If location is not a problem split it up say 50% to stay in 401. Other 50% go into cash and prep with food and prep supplies to get as self sufficient as possible. Have a good supply of cash on hand and invest in pm’s
Since you have a house you have a yard. GARDEN. Get close with neighbors for mutual support if possible. It will be very dangerous out on road and you are very exposed. So much to think about so little time. There is no perfect answer just do the best you can. God Bless, James,
Okay…deep breath taken. lol! We are in a small PNW suburb…a little too close to metro area for my liking but very close to BLM and National Forest. We have small acreage (under 4acres) and have family close with some land so living their in the rv would not be a problem. It has already been done by another family member. 401k is substantial and we are barely above water on the mortgage for now. We have great neighbors, whom we have known for 10 years, some have lived here all their lives. Everyone has excellent skill sets to offer. We would do well here unless it became to dangerous. Our biggest concern is the investments. Obviously, this money was to work for us and our future…if there is a major crash then I would rather put it to use now then to loose it. We have never pulled out of investments, just road the wave and wait for things to rise again. I know of many people who pulled out (knee jerk) of the market over a year ago and have retirement funds just sitting. There is so much to think about and we don’t know how much time we have. We have weapons, ammo, and I just purchased a hand gun, class in a couple weeks, then concealed permit and lots of practice. Supplies are slowly building, food, tools, hand pump for the well, propane, but there is so much still needed…that is overwhelming in itself. You are right, there is no perfect answer..that comes in hindsight. We will just do the best we can and pray a lot. Blessings-D
NSBF: To answer that question intelligently I would need to know much more about you personally. BUT …..
I would keep the house and land as is, build a solar greenhouse and learn and practice sq ft gardening.
I would not pay the mortgage off if you can handle it and if you have some liquidity. Protect your liquidity because in a “crash” money will be short all around.
First I would recommend a lot of prayer and meditation every night before you go to sleep. Then I would analyze my dreams every morning.
In a short time, you will get clear messages every morning to assist you. I get very useful information this way EVERY morning.
I believe that now is the time to cash out, but that is YOUR decision.
Personally, I would invest the funds (after taking the hit) in physical gold, and leave it on account at Johnson Mathey. Inflation over the next 3 to 5 years will destroy your purchasing power in the 401k anyway.
I believe that Israel will hit Iran before the end of the first quarter of next year. When that happens and it WILL happen eventually next year, gold will spike.
Sell your basis, which would be easy to do with a phone call to JM while others are fleeing to gold.
Keep the rest, take possession of it and bury it your back yard. If things get as bad as many here believe, you will be able to pay off your mtg some day with the gold. 🙂
Take the cash from the sale of your basis, put some in a #10 can to avoid a bank holiday if one ever comes again and buy some preps while you are at it.
I would take the remaining physical gold and bury it next to your pipes and under your foundation for a rainy day.
You could also take the cash in the #10 cans and buy some silver, but I personally would not pay a premium for pre 64 silver. I would buy some 1 oz physical silver.
Speculate with silver, invest in gold, hoard your lead. They won’t be making anymore lead after the Changes.
DK, I really appreciate your thoughts. I know it is hard to give advice to a total stranger and the fact that you would take the time to speaks for itself. I read all of your comments because you are calm and rational….and very passionate about your beliefs in God and country. Everyone has great info and idea’s on here. We have learned so much. We are already doing much of what you listed above. It has been a slow process though…dividing the available $ in the budget to buy extra food, ammo, PM’s, and COH, while helping support our college student. We discussed the house and property tonight. Decided to hunker down and ride out the storm. This property has lost monetary value but is an awesome resource. I have raised plants (for retail) in my own greenhouses…I only have one GH left. The others were destroyed in winter storm. Time to buy film for the one that is left. We have an orchard, are on a well, and have some seasonal springs on the property. We do garden but aren’t great at food preservation (must improve in this area), we have raised just about every animal but an Emu. We only have a few goats right now. The cost of keeping animals was so costly..we downsized. I am planning on getting some laying hens though and possibly a steer. We both have pretty good skills and have experienced a lot…plus we have been a great team of over 25 years. As I mentioned in the post above, our biggest concern is the retirement investments…we would rather make use of it now or put it somewhere safe then just have it vanish into thin air. We are really leaning towards cashing it out and putting into pm’s that we can actually hold. 1/2 this year and the other 1/2 in Jan.
Thanks for the advice on prayer and meditation…I need a little more time on my knee’s. Things become so much clearer… as you said earlier, Our God is awesome! And He never gives us more than we can handle…it just how we choose to handle it. DK, you have a good heart and genuinely care about people, thank you.
May God protect and bless you! Take care~D
Anyone heard from Manos lately???? Just wondering how he is doing.
Thanks Gunsmith my wife is taking this to our accountant to see if it can work for us?
I’ve sold my place and have a place up in the mountains.. lots of water, I have a 5th wheel set up with solar power.. we rented an apartment in town for my wife to be close to her work while it lasts. We only owe money on a couple of things but no mortgage..We have Goats, Chickens, Fuel and Ammo… I’m taking this stuff serious and have since 2007..
—-to NSBF & BLV—-
To begin with, let me be the first to say:…I am NOT an INVESTMENT COUNSELOR…nor do I pretend to be one!
That said:…it worked in my case back in ’09. Was in a standard run-of-mill 401k & did exactly as you are….I ran it by my accountant first & everything worked out fine!
Used the money to pay-off my farm (31 acres) started my own company & haven’t looked back since.
—a word of caution though, insist your accountant pay close attention to the fine print clauses in your existing retirement account / 401k.
Gunsmith, I completely understand. Thank you for sharing your personal experiences and we would definitely consult with our accountant before doing anything. Not sure if it matters but I referred to it as a 401k…incorrect. We have a substantial IRA…that was a 401k through prior employer.
No Major Clearing House Can Fail
November 30, 2011, at 5:48 pm
by Jim Sinclair in the category General Editorial | Print This Post | Email This Post
My Dear Friends,
I have not written much about the recent failure of a major clearing house out of respect for my friends who are caught in that situation.
A clearing house of note is the mechanism of the marketplace without which trading simply does not occur. This is a situation where “Too Vital to Fail” trumps “Too Big to Fail.”
You want to know why the Fed organized the do nothing European leaders in concerted action along with China? The answer is no major clearing house can be allowed to fail because then the market mechanism is broken.
The reason that sovereign debt cannot fail is the five largest US banks hold trillions of dollars of credit default swap OTC derivatives guaranteeing that garbage against failure.
If euro debt fails, the Western financial world implodes, so it will not now.
“QE to Infinity” and gold at $4500 is coming as sure as death and taxes. Good call, Alf!
What a head fake gold gave last week, turning almost everyone, even some big guys, gold bearish. They should have known better.
The dollar goes down in value every time they do this. I’m told the Euro had only ten days left before imploding when the big banks did this. Now the Euro has 30 days until meltdown. The world governments are in daily crisis mode. There will be runs on world banks very soon. Then the balloon goes up.
More reading for your enjoyment.