A new documentary from Future Money Trends highlights the similarities between modern day America and the German Weimar Republic, one of the most infamous examples of out-of-control hyperinflation in history.
The chickens were coming home to roost. Life was hard for many people.
The national debt had risen to a point that it could not be realistically paid back.
The war had cost more than expected.
There was high unemployment.
Products and services increased in price.
Production had decreased significantly.
The government acted, providing liquidity to banks and inflating the currency.
Having left the gold standard, uncertainty loomed and the country’s economy began to spiral out of control.
Sound familiar?
This was Germany, 1920.
Watch the micro documentary: Fall of the Fourth Reich – Empire of Debt
Watch this micro documentary at the Vision Victory Youtube Channel
Visit Future Money Trends
No problem, we can just sell our surplus AMMO
We are not Weimar. I know this comment will be unpopular, but this is a false parallel.
1) We do not have foreign denominated debt. It’s all in US$. Therefore we can repay it (if not thru productivity, then thru printing)
2) We are not printing money. QE has been called that many times, but it is an asset swap.
3) There isn’t anything close to a failed bond auction, our debt is still in demand.
Hyperinflation isn’t just inflation gone wild. It is a full on rejection of the currency. And as long as we recognize the government’s authority to tax, we’ll still use it. Even if China pulls off a new international currency, the USD will still be used. Hell, even hard core preppers still use it. Wal-mart won’t take payment in cigarettes (unless you are returning them with a receipt. And then … you’re using US$).
Are we on a sustainable economic course. It does not seem so, but at this point it would take a very bad exogenous event to set the table for hyperiflation. Should you stop prepping? No. But prep for other things.
Actually there is money printing going on. The Fed is paying money to buy the debt from the private sector. Handing over cash (digitized). The debt is paid in fresh cash and the wealthy at the top are now free of the notes they were holding and the fresh cash enters the bloodstream of America. This is where eventually the hyperinflation stems from. It is more than a shell game. New money has been introducd to the overall money supply. It is propping up the country as we speak. Just turn off this faucet of cash and watch the wheels come off quick and in a hurry.
Some argue that the Fed will get paid back so what is the big deal. Well, maybe they do, maybe they don’t. I for one don’t think this new debt taken on by the Fed will get paid off in full before a train wreck in the economy takes place.
QE is not “money printing” like Weimar or even how you are generally thinking about it. It is an open market operation (Econ 101) to achieve the Fed’s policy target. What that means, among other things, is that it adds or drains reserves from the banks, yes through treasuries in the private sector (but the Fed is private too). The banks are not reserve constrained anyway. The money does not flow into the economy and will not cause hyperinflation.
Yes, some of the transactions going on in 2009 were fishy. Outside of that, I’m still not a fan of the Fed for many reasons. But there is a long way between that and declaring hyperinflation is on the horizon.
And I am not going to waste my time on trying to educate anyone on this board. Durango Kidd has tried (and failed) on this topic. Maybe Chantilly Lady will have better luck.
So you are saying that their is no net increase in the US money supply in real numbers of dollars? I will agree to disagree. And I believe as I have written, the Fed is essentially releasing new dollars into the picture. And the bottom line is the national debt will be greater than $25 trillion within a few more years. What is your opinion as to when this will create a serious debt defaulting problem? At $25 trill, 35, 67, 107 trillion? I know it is all relative. If I took out debt of $1 million, problems would arise quickly followed by defualt. If Donald Trump took out $1 million, no one would think twice about it. So what do you think, what will be the magic number?
AC: You are correct that there is NO parallel between the USA and the Weirmar Republic. But there IS money printing happening.
GTL: If that money does not reach the consumer it will not ignite hyper inflation. And it is not reaching the consumer. It is only replacing the losses of the banks and giving them fresh capital.
As far as the Debt to GDP ratio, the US now stands at 102%, with GDP beginning to increase, and GDP should explode once LNG is exported to Japan and Europe in quantity, next year.
After WWII for example, US debt to GDP stood at 125%; much higher than it is now. OUR system is better now than it was then. Greece got into trouble when its ratio hit 400%. I believe that the ratio for Cyprus is similar to Greece.
Future Money Trends has been pushing this propaganda for at least three years. I am beginning to question his motives and his common sense.
For example he compares the cost of WWII to Germany as being similar to the USA during Viet Nam; but WWII lasted five years for Germany, while Viet Nam lasted ten years for the USA. No comparison.
But hey! sign up for his newsletter and pay him to feed you Bullshit! 🙂
You are right we can get plenty of free bullshit from you.
@durango kidd
the money is not just going to the banks to cover losses and make capital…the bankers and their friends are the upper middle class and the elites…the are using this money to build their retreats, hire their security forces and buy their supplies…as far as the US debt goes, it is no different then the poor bastards that just loss their homes…the buyer’s didn’t understand what was in those agreements and that is on them, but the bankers new and understood what was in them and entered into those agreements knowing they would have no choice but too default on the loan because they were impossible to pay off…they know exactly what they are doing and the only difference is the number of zero’s on the end of the default..
Some parallels can be drawn between the two but not to the extent seen in the film.
You people don’t yet have a word for the type of systemic failure that is on its way but I guarantee you won’t have wheelbarrows full of money.
Hyperinflation is bad for the consumer because the standard methods of payment fail to work.
If today’s standard methods of payment fail to work the result will be the same as hyperinflation was in Germany.
If you can’t get cash, they won’t take a check and your cards don’t work then you won’t be able to buy the loaf of bread.
How is that different than not being able to buy the bread because they won’t take your wheelbarrow full of cash?
All of this money printing will lead to you being unable to buy stuff you need. Call it hyperinflation, stagflation, deflation or a pussy-footed-cluster-fuck. It matters not.
@oldman
Not all of them are spending their money wisely and they will suffer for it. Even the elites buying bunkers and security forces will fall quickly due to in-fighting.
Promise.
one thing is certain History always repeats its self
Old Man: I don’t disagree with what you said, except that anyone who signs a contract should read it and understand it before they sign it and commit themselves to the terms and conditions thereof.
“The fault, Dear Brutus is not in the stars, but in ourselves.”
Just saying. 🙂
Facebook Page: You are absolutely correct. That is my point, exactly! 🙂
Funny nobody has mentioned the amount of $ on central banks’ balance sheets that will be coming “home”. The US$ is currently the reserve currency but, if you’re paying attention there are many countries that have developed trade agreements to bypass the US$. Most of them involve China, but Japan, Russia, India, South Africa, Colombia, Brazil, Iran, and I know there are others. When this happens these central banks do not need to hold those dollars on account for international trade. Central banks have been buying gold like crazy. What do you think they are getting rid of…? They’re using US$ as much as possible. As inflation gets worse, countries will use these US$ to buy tangible goods to avoid holding a devaluing currency. China has record inventories of copper and buying foodstuffs like it’s going out of style.
A US$ hyperinflation is inevitable. It’s technically already happened… just hasn’t been realized yet…
Greetings Everyone!
To Another Comment says:”I am not going to waste my time on trying to educate anyone on this board.”
Thank-you for your kindness and consideration towards your “lesser” fellow humans.There was a time not all that long ago when it only took about $9000.00 to buy a M-Benz ragtop(450 series).Today used it fetches an even higher price.Just because we’re not using wheelbarrows to carry our money yet does NOT mean that prices are NOT moving quite fast in a upward spiral.
That’s today’s lesson in Real Life 102.
Are you ready for the coming quiz?
If not it means that your attached to a surface by an inclined plane.
LTR,
GFG
PRIVATE Debt Causes Depressions
(The Fed IS a private entity, owned by too big to fail banks.)
Most of the (economy) Ponzi scheme takings go to the financial industry. The naive small guy gets trampled when the market turns.
The rich get bailed out (by taxes from the poor). Wage and price controls are imposed on the poor (low wages, high prices).
Excessive PUBLIC debt (printing money) causes hyperinflation and collapse of currencies.
Unfortunately, it’s possible to have both a depression and inflation at the same time (stagflation). We’re about to test the limits.
I think that’s called socializing losses(fine the taxpayer) and privatizing profits( reward the bankers)??
QE is nothing but creating money out of thin air. The fed or other central banks (the fed is not the first central bank to do this by the way) when they feel rates are zerobound or near zero bound and don’t want to lower them any further literally with a wave of they’re magic pen or key stroke add up till today 3 trillion onto they’re balance sheet.
They then bought mbs (mortgage backed securities) and treasury notes from major banks in exchange for liquidity. Now with 3 trillion usd pumped into the banks across america the idea is these banks are supposed to now loan money back out at low interest rates spurring the economy and increasing the m2 (velocity of money) as the physical dollars are spread from banks to customers who then use the cash in a consumer based economic system.
As people start spending money, with gov taxing a more robust economy and people begin putting money back into the banking system the key for the fed is to reign in an enormous money supply and literally destroy all the excess cash they pumped into the economy at the onset of QE and stave off inflation.
The major problem is the banks aren’t lending money. They’re just sitting on it and what has been happening is the m2 has actually been declining while inflation has been moving upwards. That is not a good thing because usually when you have an increase in the velocity of money you get inflation. So imagine what will happen when m2 doesn’t decline and begins to speed up very fast. That will be hyperinflation.
Now some people will say inflation is marginal and its under control but it is LIES. Just look at your grocery bill or the price of gasoline. Look at agricultural prices such as corn, soy, wheat, cotton. All have gone through the roof. Look at electricity rates and oil.
Most consumer products have gone up too due to rising shipping and manufacturing costs. You have to turn a blind eye to say otherwise.
Coincidentally energy and food aren’t used in the equations anymore to calculate inflation. Very strange huh? Just with the wave of pen remove a part of the equation and tell us all is fine.
This trick has been tried before by central banks and it always fails.
Hubris…
I look forward to arguments explaining how the Big Brains have got everything under control.
While your at it Another and Durango, please explain how the dollar will be the FIRST fiat in recorded history to ultimatley vaporize.
Explain why the Big Brains now feed us CPI numbers that exclude food and fuel. (those two meeningless little commodities very few use!).
Explain why the FED is now just swapping bucks for bank debt (most of it arguably toxic).
And also understand that some of us understand that the FED is “just replacing money destroyed by default,loan repayments and/or lack of consumer credit demand”. But they are artifically pumping the ballon. Money creation attributed to normal credit operations usually has a correlation to an increase in economic goods and services.( such as homes,cars,appliances, etc.) Is not what we see now the FED shoving bucks into the economy (and we understand why)and that money hits the banks, and then is used to speculate on commodities or the stock market; instead of being used to fund a 10% reserved consumer/business credit system???
Please explain why I’m on the wrong track, or why these concerns are of no consequence>
I neglected proofread…sorry. Dollar NOT to be the first fiat to vaporize.
How does the money supply increase? Is it spent into circulation or loaned into circulation? The answer is that is is loaned into circulation. This means that if you or the federal government borrow from banks, that alone increases the money supply, and if you or the federal government repay debt, that alone decreases the money supply.
It doesn’t matter if the Federal Reserve bank or a Commercial bank makes the loan as far as the immediate effect on the money supply in circulation. The only difference is that if the Federal Reserve bank makes the loan, bank reserves are increased, while if a Commercial bank makes the loan the reserves are not increased.
When total debt goes up, there is a larger repayment that must be made in the future so that has a negative effect on future money supply. And if prices increase today as a result of new money creation, then the existing money supply buys less, so this is a counter effect on price increases tomorrow. Higher prices alone slow down economic activity because less can be afforded at higher prices.
There are multiple forces at work in determining whether we have price increases, and as debt increases and prices rise, added deflationary pressure comes to bear.
The idea that the federal government is printing money so we will have hyper-inflation is highly questionable. They are not printing money, and spending it into circulation; the banks are printing money and loaning it into circulation, and while this immediately can push up prices this has a built in counter influence later as described above.
I would not be concerned about hyper-inflation unless the federal government starts printing and spending their own bills of credit (fiat money) into circulation.
I would be concerned about a collapse in the money supply because what we use as money is bank debt. In order to make good on the checking and saving account liabilities that banks owe they need to be solvent. This is questionable because a great part of their assets have questionable value. The Federal Reserve bank can keep the Commercial banks liquid by QE which simply increases bank reserves, but it is far more difficult to get Commercial banks to use those reserves to increase the money supply.
Look at what is going on in Cyprus. The banks have been closed for a week now because people want their money out of the banks, but the banks don’t have great enough reserves to meet demands for withdrawals. Many of the loans held by the banks in Cyprus are not worth what they are on the books for, so if they were forced to liquidate the loans to meet depositor demands, their insolvency would be clear for everyone to see. Just think of the effect on prices of goods and services that not being able to access your bank balances would have. Prices would drop like a stone.
QE was pitched to the people as a tool by the Fed to loan money to banks in exchange for toxic assets and then out to the public and it would trickle through and spur economic activity.. What nobody now has called to light and informed the majority of people is the fact the banks aren’t lending to anybody but themselves.
Now if and when they would release the trillions theyre sitting on the money supply would explode and if not reeled in at the right time by the fed and destroyed runaway inflation or hyperinflation will occur.
Absolutely the gov is printing and spending money by the trillions! The fed is doing it at the behest of the gov and treasury. If they weren’t working together and the gov wanted to stop the fed’s wreckless behavior Delta teams would be dropping from helicopters onto the roofs of every Fed bank.
At this stage of the game the Fed and Gov are synonomous. They have to be at this point.So to say not to worry about hyperinflation unless the gov prints and spends its own money into circulation is extremely disingenuous because that is exactly what they are doing!
It does not matter whether the Fed digitizes 85 billion a month and buys toxic assets which were mostly fannie and freddie mac issued loans or winks at the treasury secretary to print 85 billion or obama stuffing a massive pork filled trillion dollar stimulus through congress. The bottom line is its all created money out of thin air and does increase the money supply in one way or another and if not carefully kept under control with world wide confidence in the usd and perfectly orchestrated reigning in by the Fed who then
needs to destroy the excess liqiudity before hyperinflation kicks in.
Excellent points.. As unpopular as QE has been it has added needed liquidity to a system that was nearly frozen up due to impaired assets used as collateral.
Explain.
Eis–
In a nut shell, banks didn’t trust each other enough or their collateral to make short term loans to one another in the repo market. The repo market provides a good amount of liquidity to banks. Back in 07-08 alot of collateral was MBS that was AAA rated but was really subprime crap.
@CL
So what you are saying is taxpayers bailing out the crooked banksters with TARP and QE infinity is a good thing?
All the QE has done is make the too big to fail banks too much bigger to fail if you buy into that line of propaganda.
Please explain how this ends well?
It’s happy hour at my house and I am feeling happy so forgive the typos in this and the last post.
I am of the Libertarian/ Austrian Economics persuasion so here is my take. The gov’t should have never interfered in GM– should have let ’em go under. It’s not gov’t’s place to save business entities. The market place would have adjusted to GM’s failure.
The Us is a Constitutional Republic in name only. We are a outright Fascist Corpocracy. You’ve got fools in Congress who don’t understand basic finance– like don’t spend more than you take no less the complexities of the derivatives and leverage and when Goldman Sachs is basically your Treasury Department you aren’t exactly getting alot of objective information are you?
Without having been a fly on the wall we will never know what exactly caused the intial “event” that resulted in the TARP bandaid. And that is exactly what it is and will be until somebody passes some legislation with some balls to it reducing the leverage in the system and fractional reserve banking and or reinstating some or all components of Glass Steagall. Even then it will take years to work the bad collateral out of the system for banks to repair their balanace sheets given the losses undertaken vs the derivative contracts outstanding (many of which renew)..
Taxpayer you get it there is no easy way out. I don’t see an easy way out, as bad as things are, things would have been exponentially worse if the Fed had not stepped in. Our financial system was a lot more complex than what happened in Iceland. I’m hoping that Cyprus give the EU the finger..
YOU PEOPLE STILL DON’T GET IT DO YOU ???
DON’T YOU PEOPLE GET IT , SEE IT ???
there will be no recovery .
there is no planned recovery by the PTB .
THEY ARE GOING TO “KILL” THE DOLLAR !!!
THEY ARE GOING TO JUST KEEP PRINTING AND PRINTING WORTHLESS FIAT AMERIKAN DOLLARS TILL THE SYSTEM COLLAPSES !!!
THEY WILL JUST KEEP CREATING BUBBLE AFTER BUBBLE TILL THEY ALL POP !!!
THAT IS ALL THEY CAN DO … AMERIKA’S REAL DEBT IS 46 TRILLION DOLLARS … THERE IS NO RECOVERING FROM THAT !!!
THE DERIVITIVES TRADE MARKET IS 156 TRILLION AND COUNTING OF UNSECURED TRADING , THEIR IS NO MORE PRECIOUS METALS GOLD IN AMERIKAS TREASURY !!!
AMERIKA IS A BROKE DEAD BEAT NATION !!!
NOW REDUCED TO BUYING ITS OWN WORTHLESS DEBT !!!
ONLY ECONOMIC AND AMERIKA SOCIETY COLLAPSE IS IN ALL OF YOURS FUTURE !!!
;0p
YEAH,
THAT’S MY ‘Thumb-up’ on BOTH counts for CL…
IF you’ll note she didn’t say she was advocating it..
READ carefully..she said it added ‘needed’ liquidity
SHE didn’t say who needed it (the BANKERS)…thanks for the explanantion CL…for most here it’s a knee-jerk reaction to the CRAP we’ve been fed..we NEED your expertise here M’am, badly…
EASE up here Y’All…and get the explanation from a ‘source’…haven’t you READ what she’s posted here already…girl knows here ‘stuff’…Damn, don’t run her off!! 😉
JOG
JOG
I will second that. The Lady knows her stuff.
The bankers will never tell the full story outright for they know what will happen. Wonder what the negative off balace sheets say. Not to mention how much more overhang in the mortgage market foreclosures. They always talk about homes but never commercial property.
Good to have a voice of truth within our ranks.
Problem is, this is not how capitalism is supposed to work. Painful times should have been allowed to take place. Not simply delayed. Now when those times come, they will be magnified to who knows what degree. Simply supplying liquidity in the form of fresh cash injections is what everyone on this site says is the devil. I agree, this newly printed money will have dire consequences once it is shut off. At this point, there is no end in site. One QE after another. I actually think QE is a stall tactic at this point. TPTB are waiting for something big to take place to send shit in a different direction (good or bad). This will get them off the hook for stating an end game for the $85 billion per month they are injecting. They can then blame some other event whether a world war, civil war, natural disaster or whatever it takes to shake shit up. We all know what the stock market does if the Fed even suggests they may stop the presses.
Thanks for the compliment. Best I can explain in layman terms is that with the huge disconnect between physical dollars in the system versus the amount of leverage in the system that “whatever happened behind the scenes” whether it be a default in the derivatives market or a lack of confidence in the repo market froze the market resulted in a domino effect.
Think of how fractional reserve banking works– If 1 deposit 1 dollar, the bank is required to keep say 10% on deposit and lends the 90 out, second bank keeps 10% and lends. There’s a whole lot of fluff down stream and when a loan goes bad where there goes the small amount of collateral that was backing it up. Liquididty froze up quickly when the subprime MBS for example that was used as collateral for loans to other banks started to go bad. The whole economy would have froze up for lack of liquidity ciculating thru the system. Most people do not realize how short term loans such as intraday, overnight and even money market funds are used by banks and small businesses to fund operating expenses, payroll, etc. They are a very important piece of the liquidity in our economoy and of capital.
As much as I dislike the Fed, if the Fed had not stepped in we would have been in a S*** storm. Do I like what the banks are doing with the proceeds of the crap they are selling the FED heck no— I dont’ appreciate my COL going thru the roof while they speculate in agricultural and other commodity goods.
Because of Frank Dodd there is going to be a lot of money going into investment grade items to be used as collateral toderivative positions– Treasuries, gold, etc. I know should work. What I don’t know and will have to look into if positions in say ag and oil will work. Pehaps if they don’t we’ll see a little reprieve because the fundametanls are just not there to support oil being the price it is in my opinion.
The lady knows her stuff… like this kind of stuff:
GIVING the heroin addicts another fix,
GIVING the bankrupt gambler another marker of chips,
GIVING the degenerate drunk in the gutter a bottle of Ripple.
The lady knows her stuff —
She sounds just like Ben Bernanke and Jamie Dimond.
Steve THE MSNBC CHEERLEADER Liesman would be proud and Santelli would puke.
Some stuff should be called what it is — BULLSHIT!
I CALL BULLSHIT on the Lady and her stuff.
Guys it is great to see an intellectual debate of the nations debt crisis. More importantly I am glad to see people willing to make effective arguments of their position which helps me make an informed opinion. What is unfortunate is the topic, out of control debt.
It is my opinion
A. The debt has made it to an unmanageable state.
B. Foreign interests in our debt are screwed because our military is the most dominant in the world and what manufacturing we still possess is in the arms industry. Just as important we have learned occupying hostile lands is not easy when using a rule book. Vietnam, Iraq, Somalia, and Afghanistan are examples of what a primitive group can do. The people of America are armed to the teeth and even if the military is not a factor the militia will prevail.
C. My biggest concern is what the government does when the debt call is made and what will all those sworn to the Constitution will do.
The deficit is out of my hands. Even if I could fix it getting our country to agree to live within their means is a pipe dream. So keep up the spirited banter. Those of you trying to inflame please try to be intelligent about it. Back to prepping.
CATI
@CL
Define COL and MBS.
Cost of Living
Mortgage Backed Securities
As I read, Chantilly is not advocating, simply explaining.
Col– cost of living
MBS- mortgage backed securities
cost of living.
mortgaged backed securities.
Well, of one thing that I read about banks and QEs/whatever was they are holding the money, loans are on hold, because they don’t trust the market.
So, did any of these actions help the economy?
JayJay: Loans are on hold except to the highest quality borrowers, because the FED and its member banks are still working through the mortgage mess. That will like take a few more years while that de-leveraging continues.
If WE are lucky.
This is part of the Plan to dampen the USA economy and transfer “excess” production capacity to the third world to generate obscene profits for the global investment class while they spread the wealth:
OURS.
thanks DK..I watched just a few minutes of an economist that said the money we create(you can laugh here) is divided like this-45% U.S, 55% developing countries- and it will ‘change’ by 2050(laugh again here)to 35% U.S. and 65% developing countries and India and China will be the greatest producing countries.
Think about that.
I saw that.
CL–
I agree that GM should have been let go out. If there was a demand for the cars they were building, SOMEBODY would have built them. Same thing with the banks. SOMEBODY would have picked up the pieces. To say a bank is “too big to fail” is complete nonsense.If the banksters knew they would be personally held accountable (and accessable by depositors), the banks would have magicly remained liquid. One side effect would have been that “stated income” or “negative ammortization” mortgages would have never existed. If economics education was not pratically nonexistent in U.S. public schools, the banksters would have never been able to sell such a scam.
The banksters share in the blame, but ultimate responsibility rests with the likes of Piss Dodd, Barney fag, et al.
LOL…
“A power has risen up in the government greater than the people themselves…” – John C. Calhoun
“… owing no allegiance and acknowledging no responsibility to the people.” – Theodore Roosevelt
“… one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Bank.“ – Louis T. McFadden
In an interview with Jim Lehrer that was aired on PBS’ News Hour on September 18, 2007 that you can watch on YouTube, formal Federal Reserve Chairman Alan Greenspan said, essentially, that the Federal Reserve was above the law and that no agency of government can overrule their actions:
Jim Lehrer: “What is the proper relationship, what should be the proper relationship between a chairman of the Fed and a president of the United States?”
Alan Greenspan: “Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don’t frankly matter.”
The fact that the Fed is above the law was demonstrated by current Fed chairman, Ben Bernanke, during his appearance before Congress on March 4, 2009 (as shown in this video). Senator Bernie Sanders asked Bernanke about $2.2 trillion in American tax dollars that was lent out by Federal Reserve. Bernanke refused to provide an answer:
Senator Sanders: “Will you tell the American people to whom you lent $2.2 trillion of their dollars? … Can you tell us who they are?”
Bernanke: “No”
Agreed C.L. It had a purpose. Now it is abused.
We wouldn’t be in this mess if the TBTF banks hadn’t screwed around with our money in the first place, knowing they’d get more of our money if they lost the crap shoot. Then, WE bail them out by getting signed on for MORE of their debt.
There’s NO WAY letting the banks call the shots, AND police themselves, will work out in anybody else’s interest but the TBTF banks…all horseshit aside.
spoken like a true bankster.
Read this and a post you made further down.
Your right about fractional reserve banking – EVERYTHING ELSE IS BS !!
The system NEEDS to fail and WILL fail as DEBT BASED CURRENCY NEVER WORKS.
Your explaining how to keep a FAILED SYSTEM afloat !!
You need to get away from the TPTB telling you how it should be
AC
Since when do the laws of manageable fiscal and monetary
policy no longer apply to the USA without consequences?
I want some of that Keynesian Ganja you and Bernanke are
smokin’.
Sorry— Sarcasm on ‘smokin’
Oooohhh,
“Keynesian Ganja”…there IS no substitute…Ahhhh! 😉
JOG
Not a huge fan of Keynes.
Not sure what to think of Bernanke. There were good options available to the government that they did not pursue and in light of that many of his actions were helpful. Will be interested in his memoirs as I get the feeling he feels like a puppet in this mess too.
Not like Greenspan, who was pure evil.
Personally I prefer to draw different things from different economic schools of thought.
You’re a knucklehead.
You’re a asshole.
I RESENT THAT! I can’t deny it, but I still resent it!
All you need to know about Bernanke is he said he would never monetize the debt before congress and now look at his 3 trillion extra balance sheet.
He outright lied and got away with it.
@Outwest….
Exactly. People who think you can create money out of thin air, with wild abandon..and it won’t end up in hyperinflation, simply are not playing with a full deck.
How can you pay off the debt if the total amount of debt in any closed economic system can only ever increase? WHY THE HELL ARE WE PAYING TO PRINT OUR OWN MONEY? QE absolutely is printing money. There absolutely is a failed bond auction. The Fed is buying all the bonds. Hyperinflation is not a rejection of the currency. Your post is copletely wrong.
Please give us the date of the “failed auction”?
You’re missing the bigger picture here.
You’re missing a few brain cells.
you both deserve a kick in the nuts
If you are going to spew crap “facts” then please be prepared to back them up.
Maybe spend some time getting your GED. It can’t hurt.
EVERY auction is a failed auction if the FedRes has to purchase the debt.
Quit explaining how to prop up a debt based system. Get away from TPTB line of ‘how its suppose to work’ – and – realise a DEBT BASED system ALWAYS FAILS.
I see, just make up your own definitions. That’ll make you right.
What country does not have public debt? It’s not like when YOU personally have debt, it’s not the same. Anyone who tries to view the government debt like their checking account has no clue.
Its not the same because central banks can print they’re own currency and flood the market with it.
BUT
The mathematical and economical fundamentals are the same. Continuous deficits year after year albeit a trillion or ten thousand dollars will eventually bankrupt a person, business or government. In the long run the deficit debt laden system will collapse on Iitself.
We live in a finite world and inevitably finite resources and stop gap fiscal bandaids like QE, market manipulation and the status of usd as a reserve currency will not hold back what will and has to be a massive fundamental economic correction which will decimate america and most of the world reliant on a fiat debt based monetary system.
Resistance is futile…
Unless you prep!
Still following TPTB line of ‘how to keep a failed debt based system afloat’ I see !
The problem on a debt based system is there is no limit to money creation – and – in a debt based system – there is no dollar created without a corresponding debt, unless you have QE which does not follow the rules – only so FedRes can purchase treasuries and bad debt from member banks to keep the mess afloat
The big issue is there’s no family farms to run home to …to get by on.
Millions soon…will not be able to feed the kids.
That’s what’s hot here.
When millions riot.
That’s why they passed NDAA and ammoing up.
I think the govt. should encourage prepping..it would drive the economy and we’d all be ready.
“The government” would not tell the people anything is wrong until the the last possible lie won’t work anymore….why you say, just as if aliens did exist,they would never tell the public for fear of mass panic…they gotta get the troops in position first…
Unfortunately, they don’t want most people to be prepared. One of the goals of Agenda 21 is a very large reduction of the population.
Exactly how they reach their goals remains to be seen.
you/we know Mom…just don’t want to believe that there are “humans” who have no regard for human life.
Notice how the ‘major news outlets’ wont even mention their race? http://www.cnn.com/2013/03/22/us/georgia-baby-killed/?c=&page=3
Probably some biological agent, natural or man made. Infrastructure would remain intact until parts of it fell apart due to lack of workers to maintain it. No pesky radioactive contamination on their private beaches.
Exactly.
No family farms..most of the population live in cities.
A “consumer” driven economy. We don’t make anything anymore.
There is no way to “grow our way out” of this mess.
i have a question, you say on #2 that you can print your way out ? out of debt or what? because i dont think the people will be happy if you try to print your way out of debt.
The people who do not understand debt or money thumbs down a spot on post.
Par for the course.
Welcome to SHTF…. where doom and gloom is the only way to see things….
That’s OK, I expected it. But I felt compelled to post anyway. It’s kinda like most people here feel when Feinstein starts talking about guns and invariably gets all the terminology and, well, all of it messed up. It’s just hard to watch all the misinformation.
Another Comment…What assets? Those “marked to fantasy” worthless MBS? Fractional reserve banking may not be printing by definition but it certainly is creating money out of thin air. Where does the Federal Reserve Bank get it’s capital to buy these so-called assets? They can call their games asset purchasing or whatever they choose to call their “creative accounting” but it’s all smoke and mirrors to transfer the wealth of this country to the Rothschild backed international banking cartel by the use of debt and compound usury. A dollar is 371.25 grains of silver. A dollar bill is a debt instrument and not money. The debt can never be repaid. The central banks have bankrupted the world.
I never said QE was all good. But reserves are never lent, so do not go into the economy. Ipso facto no inflation. It’s all “behind the curtain.”
@AC
Of course it is behind the curtain.
Regional banks OWN the Federal Reserve Bank.
It’s heads I win and tails you lose.
The game is rigged. Banks win. People lose.
That’s why NO ONE GOES TO JAIL.
The red shield is setting up shop in China. They want that last non conforming bank real bad. They will now either walk through the front door with China or through the back door by war. I find myself allowing some sympathy for Iran by their rejection of the banking cabol, but that is where any sympathy ends. Iceland was the peoples beta test. Cyprus is the bankers. I think the Icelandic way is more palpable. Too bad no one took their six. Only 5.5% unemployment there and confidence is returning with seven straight quarters of positive GDP growth at 2.5%. We must do the same and show the bankers the peoples bars. Not golden ones, the cold ones. JRS, you are absolutely right. There is no smoke on your mirrors.
It’s okay, JRS..remember, they are just digital figures on computers…sarcasm here.
Can someone enlighten me as to the benefit provided by private cantral banks (other than the benefit to themselves)?
As I understand it; Normal operations of capitalistic economies result in roller coaster rides of highs and lows. You get bubbles, they collapse, and then you have depression. The Central Banks are supposed to “smooth” out the highs and lows.
They are kind of like the “house” in the poker game, issuing and cashing in the chips, skimming a little off the top!
There is more, but I think that was the original intent.
In war, boots; in flight, a place in a boat or a seat on a lorry may be the most vital thing in the world, more desirable than untold millions. In hyperinflation, a kilo of potatoes was worth, to some, more than the family silver; a side of pork more than the grand piano. A prostitute in the family was better than an infant corpse; theft was preferable to starvation; warmth was finer than honour, clothing more essential than democracy, food more needed than freedom.
-When Money Dies
“3) There isn’t anything close to a failed bond auction, our debt is still in demand.”
STILL IN DEMAND ?? From where ?? The answer is well known, The FedRes is buying .Gov debt as NO ONE else wants it. Interest rates are too low which is a function of FedRes buying the debt to KEEP interest rates low.
It’s a losing game.
You guys should remove head from ass and come up for air – it’s affecting your ability to see truth !!
China, for one. $8B a month, they have over $1 trillion now. Your “fact” was true for QE2 but the Fed has made very modest purchases with foreign interest and US households now buying the most. This is a public number, you can look it up. And you don’t even have to tell me you next argument “they just make up the numbers they publish.” Whatever.
Another Comment stated:
“2) We are not printing money. QE has been called that many times, but it is an asset swap.”
This is false. Quantitative Easing by it’s definition is the creation of cash to buy assets from commercial banks or other financial institutions in order to inject money into the economy for the purpose of stimulating the economy.
This is mainly why the Federal Reserve balance sheet has exploded from $871 billion dollars in February 2007 to $3.189 trillion dollars as of March 20, 2013, and is still expanding today.
It doesn’t matter what the newly created cash is being used for, it is still cash creation. The Fed has been implementing it’s Zero Interest Rate Policy (ZIRP) since December 2008 in order to keep Treasury Bond rates and interest payments at a management level. Let’s turn off the QE and ZIRP controls and see what happens to the US banking system, economy, Europe, and anyone else who’s addicted to the Federal Reserve’s drug of choice.
The Fed will be involved with QE and ZIRP for the foreseeable and unforeseeable future. Not even Bernanke can nail down when these policies will end. There are simply not enough buyers of US debt to displace the Fed.
The US is locked into a fiscal coffin corner paying for entitlement programs for an increasing number of Americans along with other projects. The government simply doesn’t have the political or moral courage to reduce it’s spending on it’s own, and the Fed as the buyer of last resort for government debt, will continue to buy US debt because it has no choice.
This cycle will continue until it can no longer continue, then it crashes.
You are correct about one thing, keep prepping.
The troll could be one of those government agents of influence for Obama. That would explain the idiocy of the comment combined with the alleged knowledge of the contributor.
Amazing how many sheeple do not get it!
a very big YUP!! don’t 4 get the pet food
The more people that I meet ……. the better I like my dog!!!
YUP Again
I expect the Gov to provide the pet food.
Do you mean to feed congressmen to your dog?
You are quick
Sorry paranoid – But I’m the real Quick !!
Apparently not quick enough or I’d have some big dogs right now…
…that would make the dog sick…poor thing
Costco is now selling dog food in superpails that has a 15 year shelf life. Super pails of dog food id long overdue.
It’s mostly all just numbers and pyschological. It’s like whistling through the graveyard. As long as there’s nothing there to harm you, you’ll be alright, but if there is true danger, your whistling won’t help. Just as the masses think FDIC is protecting them, as long as they don’t make a run on the banks, and as long as they think the Currency is good, all is well. Only problem is, real danger is lurking in the shadows. And those that are whistling through the graveyard will get a devastating suprise. So stay nimble on your toes, and continue to warn family and friends. WASP. Freedom Ain’t Free!
…. shush, little baby (I love O Brother, Where Art Thou?, never more enlightening than now if you think out of the dang TeeVeebox) Did I say I love paradox thinking lately?
https://www.youtube.com/watch?v=SJmZtn8vmt8
You and me and the devil makes three
Don’t need no other lovin’ babe
Go to sleep little babe ! You and me and the devil makes three
Don’t need no other lovin’ babe
Go to sleep little babe
Go to sleep little babe
Go to sleep little babe!
~../ There, everyone sing SOMETHING, at least whistle… because it’s just so peachy out there.
And for tonight’s enjoyment enjoy: Constant Sorrow direct from the Soggy Bottom boys
https://www.youtube.com/watch?v=YZtgZ5fHOuU
Opps, did he say “he sold his soul to the Devil”… is you is, is you ain’t?
Guess you have to be a ‘hick’ to appreciate it… hahahaha!
Peace ~..~ TG (avoid the rush, panic NOW)
Don’t seek the treasure! Hahahahahaha Ye Haaa
Got me singing, “In the jailhouse, Now”
http://m.youtube.com/index?&desktop_uri=%2F#/watch?v=wBkTUzKAiXQ
Pink Floyd – mother, come to mind
I hope all are out of debt,as much as possible,and have capability of gardening,do it yourself,etc.
I don’t know when but am convinced it will be in the not too distant future. God bless, James
Totally debt-free here, but gardening is something I know little about. Not too late to learn, I suppose.
Well, I am not out of debt, but I sure do have a beautiful, bountiful garden, and have a lot of bunnies and chickens. Maybe we need to coordinate Scout. Grin
debt free here ,decided 5 years ago it was pretty stupid that i didnt know how to feed myself off my land ,so i read as much as i could ,and did hands on every year ,i now i can say i know exactly what im doing ,and its not to late to learn im 56 and got just enough sense to walk upright
Youre headed in the right direction good luck! 🙂
Debt free? That’s a laugh. Hate to break it to you but you owe $53039 as of now. It is going up by the day. The best thing is pile on the debt and pay off with inflated dollars or wait for the BIG CRASH.
Do you see what happens when you fuck a stranger in the ass Larry? 😉
Don’t forget the necessity of water. You can go days weeks without food but without water in a matter of days you can die.
Look into Hugelkultur for gardening – now. I made my own bed in my backyard by myself 5 x 12 ft. 4 ft. Tall.
Think basic needs water and food, nothing else other than spiritual peace will matter.
Has anyone else checked Drudge lately? See “Sequester Jester” where this administration is planning to cut control towers at small airports. (That would be one of ours.) Obama is trying to make this as painful as possible for the citizenry which shows how he’ll treat us when he gets even more power. (Ahem, Bill Gates) Bozo Biden spends close to a million dollars of our money on hotels and Obama shuts down the traffic control towers? Of course, with Janet “The Bull” Napolitano as enforcer, he can probably do just about anything he wants. Wonder how many crocodile tears will be shed when planes are crashing left and right?
Actually,as a pilot, a lot of small airports do not really need a control tower. When you are ready to take off,after monitoring traffic, you annouce your intentions to “take runway 08 and departing to the East. Any traffic please advise”. If no response you enter runway and take off. With 500 hrs I have had no problems at non towered airports. Regarsda,James
I had about 60 hours in landplanes at non-towered fields and almost had a midair collision on a foggy day when some idiot was flying the wrong way in the pattern and didn’t make a radio call. I have many more hours than that but it’s mostly in seaplanes and choppers. I’ve also flown ultralights, gyroplanes, gliders, hang gliders, multiengine, high-performance, and biplanes. If you get a chance to fly a gyroplane you definitely should. The seaplane is my favorite.
E
Kudos on your flying prowess if fact…..
Do one you can do ’em all. The chopper is the hardest to learn and the glider is the easiest.
Eisenkraut, Ever Man a Nuclear Sub. Just like a Sailboat, only underwater. WASP.
LMAO, you are lying again, E
I want a gyroplane so bad!
And a snake to go with it. And some Dinki-Di dog food.
Never seen a man beat a snake before… reflexes! That’s what you’ve got!
Wiskey Tango Foxtrott..
“flying on a foggy day” VFR?
I call bullshit, or major violation
1. Who said I don’t have an instrument rating?
2. You need to learn the visability clearance VFR rules because clearly you’re ignorant of them.
than if you were IFR( that you did not specify, and should have) you , and they would have had a ‘clearence”, and there would have been seperation of traffic from a controller removing any problem you faced , even if it wasnt directly from that airport., so hence there would not have been any issues.
seperation of air traffic is not from a tower, thats for depature, ground ops and approach seperation, seperation in route is from radar and not visual.( in a dark room with blips on a screen given by transponders and other equipment)
what it seemed you were discribing was VFR traffic in your IFR flight plan..on a foggy day..those two dont mix, the VFR guy should have been sipping coffee in the pilots lounge waiting for it to clear up before making any airway….you are very confusing..really hope your no where around me when flying what ever it is you think your flying
that issue you discribed would have put that VFR pilot in a lot of hot water with FAA
http://www.faasafety.gov/files/gslac/courses/content/25/185/VFR%20Weather%20Minimums.pdf
I’m not going to waste my time arguing with a troll. You simply don’t know what you’re talking about.
Ditto… Ewipe, VFR means visual. No fog. I have been IFR right seat. You have no clue….
YOU CAN FLY VFR AT NIGHT, IN THE FOG, IN THE RAIN, IN THE SNOW, ETC., AS LONG AS THE CONDITIONS MEET THE MINIMUM REQUIRED VISIBILITY CLEARANCES. THERE ARE FAA RULES FOR THAT. VFR DOESN’T MEAN PERFECT VISIBILITY ON A BIRGHT SUNNY DAY.
BLOW IT OUT YOUR ASS, TROLL.
If it weren’t for your trust fund, you wouldn’t have shit.
We all know how wonderful you are.
Thanks for that explanation, James. I’ll never fly again but others certainly will. Or profess to be flyers.
So I suppose we have to take those other flyers into consideration: those who fly off the handle, those who like to fly by night, those who fly the coop. (Yeah, right….when pigs fly!) 😉
Zolt, did you not read the comment a couple, ahead of your? PIGS DO FLY! Float like an Eisenkraut, Sting like a WASP!
Did you just call eisen a “floatie”
No Jaun, I called him a Pig. WASP
What about the runway lights at night? Click your mic to turn them on for night landings and TOs. Kind of nice to have at night. I wonder if these services will be curtailed, or if runways will be maintained and what does that do to the fixed based operator and ultimately the supply of 100LL avgas.
Agree with James most small airports have no control towers, like Grayson County in Leitchfield KY or in Elizabethtown, KY, Rough River KY French Lick IN, etc. However, you go into bigger airports like Paducah or Owensboro then there were towers.
Anonymous–you from my Bluegrass state??
But to solve the problem of ATCs sleeping in the tower, the manpower had to be doubled. Now there can be TWO sleeping ATCs in every tower!
No suprise….same animals that started it all(or their heirs)are still in charge…time to rid mankind of those who dont respect the concepts of liberty/property/free enterprise….who think they are born to rule…enough of this plaque!
Chairman Barry is a Marxist who is attempting to turn the U.S. into a Marxist state. Our foreign policy is two prong. #1 Promote American style radical Marxism outside the U.S. and #2 advance Saudi interests in the middle east.
We are in effect back in a cold war with the Russians over #2.
Bringing up post WWI Germany is popular, but it seems that folks forget that Lenin did the same, Mao did the same, right down the line.
Bottom Line: Destroy the Middle Class, create a Marxist Dictatorship.
The real danger is that the Russians are telling us to “back the fuck off” and we’re not listening.
unfortunately the American middle class has been on
a downward trajectory for at least the last 20 years
it’s not just Obama
that would be too simple and solveable
I’m afraid our problems are MUCH more serious than just one man
American Winter,the modern day Grapes of Wrath
http://www.dailykos.com/story/2013/03/22/1196243/-Review-American-Winter-HBO
and here is how it works kids
this is just one example
America’s Dirtiest Coal Company
http://www.bloomberg.com/news/2013-03-17/america-s-dirtiest-coal-company.html
you work all your life for a company
expecting that promises made
will be promises kept
guess what suckers ???
the corporate motto in AMerIKa is this:
PRIVATIZE THE PROFITS
SOCIALIZE THE LOSSES
remember that phrase
yer gonna be hearing it a lot more
in the years to come
buh bye middle class
http://news.wfsu.org/post/florida-house-passes-its-pension-bill-now-question-what-will-senate-do
the full out assault continues
Herbal earache oil:
Infuse olive oil with mullein
Pour into brown glass bottle (dropper top)
Add essential oils of : myrrh, clove, eucalyptus, Rosemary
This stuff works on the most severe pain associated with the ears.
If swelling is present below the ear in the neck area, massage
A small amount in that area. Oil does not have to be warmed first.
Pain and swelling has always decreased dramatically in a very short
Time. Hope this helps someone, I’m a bit of a self taught herbalist.
Keep preppin’
Hi CM,
Thanks! NOW that’s the kind of stuff I want to ‘hear’
here. That is going to be a GODSEND for someone later…
when AB’s are gone and your ear is about to jump off the side of your head!
JOG
PS: I’ll trade you three ‘solars’ for two ‘herbals’…is it a DEAL? 😉
Thanks JOG. I actually need a lot more solar power. We only
have 9 solar stake lights in the front yard!!
Thanks to everybody that commented concerning herbs.
Keep preppin’
White willow bark doesn’t bring pain relief as quickly as aspirin, but it lasts longer. It also irritates the stomach lining less than aspirin.
HARVEST bark in the spring when the salicin concentration is strongest.
Cut small branches to preserve tree.
Gather fresh branches off the tree.
Wash branches thoroughly. Get fresh twigs that are still green.
Use a paring knife to peel the bark in strips – include the green inner bark.
Chop up finely, but not to a powder.
Willow Bark helps: Fever, Headache, Inflammation, Back & Neck Pain, Flu.
It takes 20 minutes to start working. Sip slowly.
DOSE: For every cup of bark chunks, use half of a cup of water – boil the water without the chunks. simmer for 15 minutes, and then steep for a half hour. Drink three cups daily. Strain to just get the liquid.
WARNING: Salicin has similar drug effects as aspirin. Beethoven died from kidney damage related to a salicin overdose – it’s no joke.
I have this on a 3X5 recipe card, but I don’t know the source.
if you can find the book ‘From the Shephards Purse’ by Max Barlow…you will have the recipe and many, many more native plant medicines and how to’s.
Spirea, a common flowering shrub, contains oil of wintergreen, which is a precursor. Tea made from spirea can help with pain. The “spir” in the name aspirin came from spirea. I learned that in 10th grade biology class.
@ cooking mom if you dont have all those essential oils on hand you can use the mullein and garlic infused in olive oil. garlic has strong antibiotic properties. and the clove oil is a bonus to have on hand for toothache 🙂 keep up the good work!
recommend ‘From the Shephards Purse’ by Max Barlow
Sounds like you have it.
Preppers,
I believe its still to early to add this to the list of shit to prepare for. Something will happen, I agree, but considering were almost every country
#1 customer, I believe we have sometime.
Cmon, name me one country who has the abilitity to become a world reserve currency country in this day in age…
China, doubt it… They would lose trillions being held in their reserves and their #1 customer.
Russia… Nope. Canada… Nope. Europe… Look at their current fiscal disaister.
I know many will say, “New world order” that is with more than one country holding title… Doubt that considering everyone holding title would have their own beliefs on what to buy and provide to their citizens.
So, whatever fiat disaster that might happen in the future, believe me that the USA would still oversee the year to year accounting…
Preppers, don’t get over loaded with this, keeping buying ammo,food and sources of water filtration systems… As long as you live in the US, your dollar will still have value.
Sill think anti-war activists are cowards? Still think the police state was a good idea? Still think the war on drugs was necessary to stop all those people from dying in the streets? Think if we legalized drugs everybody would rush out get skied tomorrow? Still think America does no wrong? Still think taxing banker bonuses is “government intruding into the private sector”? Still think the government should “pay off the debt” knowing that the government could have just issued debt-free money the whole time? Still think the military is “fighting for our freedom” knowing they’re just propping up the petrodollar? I watch political debates not to hear the candidates out, but to gauge the stupidity level of the sheeple. Dear, dear sheeple.
I’ve been using the Hitler / Germany comparison for years now and I’m tired of the names I’ve been called by people who know nothing about history and even less about Financial history.
Just read the history of the rise of Hitler Vs. the rise of BHO. It seemed clear to me, but many will not see it untill congress has no power or say in anything. We have a lot of long nights coming our way, in Germany it only took Hitler about 6 long nights to get complete control. Think about that and go read some actual history, not the rewritten version.
http://www.youtube.com/watch?v=RXJlc_mm8R8
The zionist media has conditioned the sheeple to a knee-jerk reaction of protesting the mere mention of the name Hitler without any understanding whatsoever of the events of the Nazi regime. Hiter was a Marxist socialist, the SS and the NKVD (KGB) were collaborators in WW2, WALL STREET FINANCED HITLER, THE BOLSHEVIKS, AND ROOSEVELT ALL AT THE SAME TIME, AMERICAN-OWNED FACTORIES IN NAZI GERMANY NEVER GOT BOMBED, they took pictures of Jesus out of churches and replaced them with photos of Hitler, etc.
And then they flew away in their seaplanes,or was it gliders? Ultralights? They keep forgetting….
Are you also referring to big sis’ brown shirts called the DHS? The ones buying all the ammo and bomb resistance vehicles and not telling congress why? Those people?
This is very telling –
DHS buys at least 1.6 Billion rounds of ammo, 7000 full automatic military weapons and in the true original ‘military’ meaning-they are ‘Assault weapons’ yet DHS calls them personal defense weapons, several thousand armored military vehicles, Bullet proof check point booths, and targets that depict children, pregnant women and old men. — All documented and with no question they have are in process of procuring these items.
YET – 15 congressman have written DHS concerning WHY with no response.
Kinda scary – Is BarryO arming his own little army for an inside coup ??
Why wont DHS answer congress questions on this matter ??
Friday funny
“ever notice all the stupid people around you ?”
“if not you might be one of them”
http://www.youtube.com/watch?v=z9pD_UK6vGU
Thank you sir, I needed that. I am going with the thought that if one pill is good then im takin two. Got to be better.
Whoaaaaa, they work. Forgot what I was going to post.
FAP out
NOMI
molan lobe
@ Another Comment
With all due respect, I disagree with you. If you go to Barnhardt.biz, there is an outstanding 8 part video lecture on why the economy is going to collapse. Also there is no way the government can pay off the amount of debt it owes. It can not make good on the “promises” to pay for the various programs in place, but does not have a clue as to how they are going to pay it.
Just because the dollar is currently the world reserve currency does not mean that it will continue as such. The only reason that the dollar has any value at all, is that it is the only game in town, enforced by the laws and guns of the federal government and the “faith” the public has in it. The dollar has no real worth, as it can NOT be traded for a fixed amount of a phyical asset (e.g $35 = 1 ounce of gold).
@Jeff- Barnhardt is a crazy, angry, lesbian idiot. She talks about gay sex a LIIIIIIIIITLE too much for someone who proclaims to be straight…and dresses like a man. She has no credibilty whatsoever. Just an angry young crazy looking for attention.
Go away troll
I could care less if someone is gay. That’s her business. Is the information itself solid? That’s all I care about.
I was gonna suggest Ann’s videos;
Great job she does here–all Americans not privy to the banking world would gain by watching.
Link below.
http://www.youtube.com/watch?v=7dFVFJ0iRRA
Who said any of us ever thought that?! You are preaching to the choir!
I’m sure someone will step up and lead us out of this mess.
A really charismatic leader. What’s the German word? Uh…a Fuhrer.
@ US,
Yep…
A ‘Fuhrer’ indeed…with a kindler, gentler ‘machine-gun’ hand…
JOG
Born To Lead –Hoobastank — 2006
With eyes closed tightly,
I march so blindly.
Pretending everything’s fine,
‘Cause you’re there to keep me in line.
I don’t want your guidance,
I’ll break my silence.
So sick of asking and being denied and now I realize.
We’re holding the key, to unlock our destiny,
We were born to lead.
We’re finally free, no longer following,
We were born to lead… we were born to lead.
You can’t ignore me(you can’t ignore me)
You cant think for me(you can’t think for me)
Your world will come crashing down to the ground,
‘Cause I figured you out.
We’re holding the key, to unlock our destiny,
We were born to lead.
We’re finally free, no longer following,
We were born to lead… we were born to lead.
I use to think I’m all alone,
But now I see our numbers grow.
I’m not afraid to break away,
Think on my own
With eyes wide open,
My new life begins.
Without you there to tell me, when, where and how,
And you can’t stop me now
We’re holding the key, to unlock our destiny,
We were born to lead.
We’re finally free, no longer following,
We were born to lead… we were born to lead.
We’re holding the key, to unlock our destiny,
We were born to lead
We’re finally free, no longer following,
We were born to lead.
https://www.youtube.com/watch?v=pHo6TwRM7ys
…N….O….M…..I…..BA.
@BAS It has a good beat and I can rock to it Id give it a 9 Chuck. Thanks There needs to be music like this instead of all the other shit.
From collapsenet.com
“U.S. to Regulate Bitcoin, apply ‘money laundering’ Rules”
US government ain’t gonna let us get by with nothing! They want ALL the money!
I knew that, or something like that was coming.
Sand bags full: check. Mags full: check. Let the festivities commence. This should be fun!
You’re nuts. It will be the ugliest thing in the world, starving children, rape. murder, plague. Friends dieing from things that make no reason. Old people eating garbage, Look at the 10 leading causes of death in 1900. Crawl back in your hole. Look at Lebanon, Pearl of the Med, 15 years later a garbage dump, Syria 60,000 dead in a small country. You fight if you have to. I don’t even want to deal with anyone that thinks it’s fun.
In every city in America are legions of people just waiting for the chaos so they can do whatever they want with no consequences.
There WILL be consequences. Just not quite the same as today’s prisons with gyms those of us on the outside would have to pay $3K/yr to belong to. Won’t have to worry about overcrowding either. Hell ain’t half full.
It is to the point where it is needed.
If the mainstream attacks it, it’s gotta be the right track:
http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/
http://www.salon.com/2013/03/22/a_libertarian_nightmare_bitcoin_meets_big_government/
http://go.bloomberg.com/market-now/2013/03/21/sorry-bitcoin-isnt-a-currency/
Jeff, you’re exactly right on what you said. Eventually the US govt. will default on the debt. It won’t have any other choice. The “safety net” for all the social programs is straining at the seams now with the record numbers of people depending on them. The safety net has limits somewhere and I think it’s edging closer and closer to those limits. When the safety net finally breaks, that’s when the doodoo hits the air-circulation machine. Rioting, looting, and all other sorts of chaos will break out immediately. There will be hell to pay. Everybody get everything you need now before it happens. braveheart
Still think there’s no Jewish media conspiracy? Why is it we never hear a word about the Jewish Bolsheviks but Hitler gets lampooned? Jewish communism is absolutely responsible for the deaths of hundreds of millions.
Because the rest of us aren’t Hitler’s catamites like you, that’s why.
GO GOOGLE THE ELDERS OF THE PROTOCOL OF ZION.
The document was created in 1908, pre Hitler.
Have fun.
That document has proved to be a fraud. And that’s coming from me, known to not be a fan of the yamaka.
Protocols? You mean the OTHER object you Nazi fagtards all have rammed up your recta?
Can one of you computer nerds explain Tor to us please?
@ Eisenkreuz:
Give a man a fish and…..well, you know the rest of the ditty.
Start here:
torproject.org/docs/documentation.html.en
http://blog.algore.com/2013/03/time_has_come_for_a_carbon_tax.html
Let me be the first to say…
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
FUCK YOU AL GORE
But…But…But…I still haven’t found that dang manbearpig.
Britain to be downgraded again
http://www.guardian.co.uk/business/2013/mar/22/uk-stripped-second-credit-rating
If everyone’s at “DDD” rating, then is “DDD” the new “AAA”?
OOps! time to refresh the Jack!
This just up at the ‘Hedge,
http://www.zerohedge.com/news/2013-03-22/cyprus-officially-passes-capital-controls-law
Yep, Cyprus has slit it’s own thoat….and ALL the Bankers as well…
‘IT’ will come now, soon the runs wil start…
JOG
The debt of the world can never be repaid. It is all accounting tricks by the issuers of debt notes called Federal Reserve Notes.Robert Hemphill, credit manager of the Federal Reserve Bank of Atlanta (1935) said that if all the bank loans were paid, no one could have a deposit and there would not be a single dollar of currency in circulation…Someone has to borrow every dollar we have into circulation…cash or credit.If the banks create ample synthetic money we are prosperous;if not we starve. This is the creative accounting monetary system foisted on the people worldwide.
The 10 Best Guns for Women
It can be hard to choose the right gun for you.
Gain some gun insights in the infographic below from ReadyHolster.com and discover the ten best guns for women.
http://www.readyholster.com/blog/wp-content/uploads/2012/10/ten-best-guns-for-women.png
land(and the means to work it)… lead(and the means to use it)… seeds(and the means to cultivate them)… tribe(and the means to keep it cohesive)… better be well on the road to getting these in abundance…
pray for the best, prep for the worst
Gun makers step up to protect Americans
Gun industry ‘not too keen on helping gov’t kill off their clientele’
Read more at http://www.wnd.com/2013/03/gun-makers-step-up-to-protect-americans/#cpSQJ2mcS0sQHODz.99
Soon the BO trillion dollar coins will be out to FOOL the public into thinking that the goverment’s bills are being paid. One day those trillion dollar BO coins could be in full use like a silver dollar to purchase a 1/2 gallon of milk, if they leave that imbecile helicopter ben around to handle anything.
Be informed
You crack me up, Pal.
Next, they’ll be calling it the Whiteman’s Wampum…..
RAW VIDEO: Cyprus Protesters Rage Against Bailout http://dailybail.com/home/raw-video-cyprus-protesters-rage-against-bailout.html
HERE’S AN IDEA. FOLLOW THE LOGIC.
1. Banks hold gold and then loan paper money that is based on that collateral.
2. But the volume of dollars is vast…and if gold is undervalued…then the banksters were loaning more paper money than they had gold to cover it.
Therefore…FRAUD.
SO>.. WE ARREST THE BANKERS….THEN CONFISCATE THEIR GOLD, WIPE ALL DEBTS CLEAN AND START OVER WITH THE COUNTRY AS THE BANK.
done
and DONE
http://www.abc.net.au/news/2013-03-23/cyprus-mps-approve-first-eu-bailout-measures/4590094
anyone who trusts ANY government is a complete and total FOOL
THIS IS HOW DEMOCRACY AND THE REPUBLIC OF AMERIKA DIES … TO ZOG ZIONIST ISREAHELL JEW APPLAUSE . ;0p
Heckler Interrupts Obama Speech In Jerusalem
Obama makes a joke about heckler asking “who killed Rachel Corrie?”
Look at all the racist Zionist boo her and then cheer for him.
I am sure Obama doesn’t know who Rachel Corrie was. The Israelis murdered her.
They dumped debris on her when she was protecting a doctor’s house from an illegal demolition. Then they Ran over here with the tractor while she was down and then backed over her again.
A week later they shot a British journalist in the head while he was filming. It is like Rachel Corrie never happened like the USS Liberty.
Anything that if American’s knew about it would damage the relationship between Israel and the Israeli bought government of America can’t be on the Zionist media.
AMERICA IS A LIE ! ;0p
http://www.youtube.com/watch?feature=player_embedded&v=qOobKEF_mdc
;0p,
I know who Rachel Corrie is. She was from Olympia, Washington and I very much hold what they did against them. Did not know about the British journalist.
Is Whosonfirst any relation to joeinNC or finx?
Probably.
On Fox News Ticker Tape – Cypress has to raise 7.5 Billion dollars by this Monday. If they do, the EuroZone will will Bail them out to the tune of 13 Billion. If Cypress Does Not get the 7.5 Billion together by this Monday, Cypress goes into Definite
Financial Collapse.
Why is it so important that we use so much time debating the atrosities the banking system commits against us? Is it remember never to allow it to happen again, once we live thru the fire of the crucible. To seek revenge for our loses. Or is just simply to be able to say, “I told you so”, when it all goes down.
I am saying this for the average person has no clue what is happening around them.
slingshot
A good General never loses sight of the enemy…..
I think we are trying to predict the outcome and the significance of what is happening for other countries including our own in the future. It does seem to be a historic test case in spite of mainline American media not having much on it.
Is Your Videogame Machine Watching You?
http://blogs.wsj.com/digits/2010/11/11/is-your-videogame-machine-watching-you/
Microsoft’s Kinect System is Watching You
http://www.youtube.com/watch?v=gkYgC-AvPGM&feature=player_embedded
I’m pretty sure Hitler and the National Socialist’s would be offended by being compared to TPTB.
what ??
who ??
us ??
http://www.usnews.com/news/blogs/washington-whispers/2013/03/22/dhs-denies-massive-ammunition-purchase
the .gov still dodging and weaving on this question
if they made these types of purchases on a regular basis
then no big deal
but if not
WHAT IS THE EXPLANATION ???
sorry bout that thumbs down; was supposed to be thumbs up…
Satori
Food for thought..
It seems even the financial sites are now asking questions.
Here’s the headlines from IBD(Investors Business Daily)
a few excerpts..
“DHS Won’t Answer Congress On Billion Bullet Purchase”
Bullet Buys: Fifteen members of Congress have written a letter to the Department of Homeland Security demanding to know why the federal agency is buying so many rounds of ammunition. We’d like to know too.
As we have noted, DHS has been buying lots of ammo, enough by one calculation to fight the equivalent of a 24-year Iraqi War.
However, as former Marine Richard Mason told reporters with WHPTV News in Pennsylvania recently, hollow-point bullets (which make up the majority of the DHS purchases) are not used for training because they are more expensive than standard firing range rounds .
“We never trained with hollow points, we didn’t even see hollow points my entire 4-1/2 years in the Marine Corps,” Mason said.
possee
more and more questions
fewer and fewer answers
I would prefer CONgress ask about the 2000+ armored vehicles, 7000+ military full auto ‘true’ assault weapons and the targets that depict children, pregnant women and the elderly as well as the ammo purchases.
Is BarryO building his own army – Are they preparing for an inside coup ??
Congress really needs to get to the bottom of this !!
Cyprus: Protesters gather outside Cypriot Parliament http://www.youtube.com/watch?feature=player_embedded&v=-1b4BCp8LU4
Ex-FBI Agent Reveals What to Do If The Police Get in Your Face http://www.youtube.com/watch?v=OSkl38Qi-y4
IS THIS YOU … as the world collapses to 0 zero hour ???
;0P
http://i74.photobucket.com/albums/i249/clouda9/Food/deereatingpopcorn.gif
http://www.nytimes.com/2013/03/23/business/global/cyprus-bailout-vote.html?_r=0
“On Friday, Cypriots jammed into supermarkets after lining up all day Thursday at automated teller machines to withdraw as much cash as possible. Gas stations were taking cash only, and some retailers reported that they would no longer accept credit.”
Still think you’re gonna peddle gold and silver on the streets?
So what are you going to be peddling on the streets? I’ll bet in involves your vast naval experience as a ” rear” admiral.
Keiser Report: Financial Fascism (E421)
Mar 21, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the big picture of bank holidays and wealth confiscation in order to pay off the $100 trillion error account banksters basically admitted to having at Davos in 2011. In the second half of the show, Max Keiser talks to Reggie Middleton of BoomBustBlog.com about Cyprus, the rules that have been revealed and his upcoming special investigation on certain European banks he’s discovered have been committing fraud.
http://www.youtube.com/watch?feature=player_embedded&v=AX7ZXNJZMrE#!
I can’t understand all the junks for this comment.
JRS can’t understand the thumbs down on the Keiser Report above. That is a great financial news source. Tells it like it is in a very funny way.
Hey OP
Keep on posting..
We are now infiltrated with a new cast of characters here all from the narrow alternative mindset of normalcy bias..
It is no wonder that the likes of Burt,manos,clay, etc have virtually vanished from this site..
Manos has been in communique and stated exactly that..btw he is ok and sends his regards..
Always enjoy your comments whether or not I concur wholeheartedly.
Enjoy the day..
possee
Here’s the thing ;Op-
As other posters have mentioned since we have a debt backed currency the money supply under this system has to always increase. If there is a loss in value of collateral(large amounts here) it created an abyss- a retraction of money, that has to be filled.
Ben Bernake was rightfully afraid of a deflationary collapse. In a highly leveraged investment banking environment where one dollar of collateral is used to borrow upwards of 20 to 50 or more dollars depending on the country there is rooms for lots of things to go bad. Once the value of the collateral supporting the loan goes down resulting in more collateral being pledged or if the money borrowed is in turn lent out and the in a highly leveraged world it only take a small percentage of the loans to go bad to wipe out the backing collateral. Loans going bad and collateral losing value represent a retraction in the amount of money in the system.
In a debt backed system where as other posters have mentioned new money is always needed to pay the interest in money borrowed into existence, the abyss, so to speak of losses, had to be filled via Quantitative Easing, money printing as you will to restore the amount of money supply in the system by paying the banks basically face value for the bad collateral—MBS, etc. Remember mark to market was suspended which was have forced banks to recognize the loss in value of these instruments which were used as collateral and would have forced banks to post additional collateral. Additionally, recognizing the loss in value of outstanding loans would have required banks to come up with additional capital reserves retracting the money supply further, thanks to fractional reserve banking.
I know that this is not pallatible, I sure don’t like it but this is what the a**holes Washington DC have allowed our financial system to devolve into..
And by the way I always save my dryer lint since it makes a good fire starter. We a a bag of dryer lint in each of our bug out.get home bags.
WHY DOESN’T SOMBODY JUST ORDER THE BANKS TO DELEVERAGE?
CL wrote – “Additionally, recognizing the loss in value of outstanding loans would have required banks to come up with additional capital reserves retracting the money supply further, thanks to fractional reserve banking.”
This is why it fails PDQ. THIS is why Cyprus is causing such a mess with the Euro and MAY or LIKELY WILL cause a failed Euro experiment. — LOSS IN VALUE OF OUTSTANDING LOANS that the ECB willingly took from Cyprus as collateral, KNOWING the collateral they took was close to worthless – can no longer be hidden as worthless. The whole banking system – World Wide – is undergoing a shift, where deposits in a bank are NO LONGER safe but are subject to TPTB taking as needed to keep the DEBT BASED SYSTEM afloat.
People everywhere will pull their deposits from the banks. This will exspose more worthless collateral in banks world wide. The US IS NOT IMMUNE …..
This is getting really bad, really quickly. With current levels of debt ‘worldwide’, I dont see how TPTB ‘save’ the system again without out right theft from the citizens of the various countries!!
– I hope you are prepped and ready.
The GOVT is AFTER YOUR MONEY – 401K/IRA CONFISCATION COMING
http://www.youtube.com/watch?feature=player_embedded&v=3vVmFDM4IZg#!
http://news.investors.com/ibd-editorials/032213-649114-dhs-wont-answer-congress-on-ammunition-purchases.htm
Breaking:
Cyprus now limiting the use of credit cards.
CASH IN HAND IS KING LIKE I KEEP TELLING YOU
Electronic transfers frozen.
http://www.youtube.com/watch?v=DsPaJVXFPYg
I’m confused…I thought we were supposed to use bitcoin.
The World Central Banks and Federal Reserve’s True Agenda Explained
Gregory Mannarino
http://www.youtube.com/watch?v=ntN4ALEuK80
Hello friends!
Tonight we are in Vermont. It’s quiet here. Our home away from home…perfect for the weekend getaway.
I had a lot of time to think about the economy on the way up here…
I believe that for the dominoes to start to topple, the main event, much like the collapse of the Austrian bank that kicked off the Great Depression, will not be here. We came close…but then Bernanke started his QE, and we had TARP that jussssssstttt pulled us through.
We are still just hanging on. A couple of days ago a poster said that he gave things five to ten years before a full blown collapse. I was thinking about three years. But then again, I gave it a couple of years in 2007, and we’re still here. So, I’ve given up the predicting and just try to have things as prepared as possible.
I’m going to live my life, enjoy my kids, no worries, no fears.
Cyprus…I don’t know. I don’t see Cyprus as being the one thing that’s going to bring everything down. let me put it this way…we hadn’t heard anything about Cyprus or it’s problems until recently. There’s a lot we don’t know, and what we don’t know about many of these countries will definitely hurt us.
Just some things I’ve been thinking about.
http://www.youtube.com/watch?v=LGbtcFc9CWc
Pardon me since I’m new(ish) here… why are there downvotes against specific user names instead of posts?
I mean… some of the comments by the “odd men out” here are good comments. Others aren’t. Why not just downvote the bad comments?
Some people don’t want to hear the truth unless it’s sugarcoated in “touchy feely” language. I never downvote anybody.
Oh, but they are gonna get it whether they like it or not!
I agree. Mac go ahead and have the thumbs up, thumbs down but don’t cut out the comment. Lets us read the thing and decide. Blacking them out lets the trolls rule. Only do that for overly long comments. Otherwise, let it all hang out.
It is with amusement as I read all the so called educated economists/financial experts and historians ad nauseum all contradict one another on a regular basis..and then trade barbs and insults to boot when someone digresses from their world view..
I’ll stick to all you old standbys(you know who you are) that still offer common sense here without the bullshit diatribe..
This site used to be a place to share a wealth of info from all points of view without the self appointed experts.
And for all you new experts here who have nothing to offer…you haven’t a friggin clue as to what the PTB are up to nor are you privy to any inside info..it’s all conjecture from over educated fools.
possee
Most college educated economists used a textbook written by Paul Samuelson. He was a Keynesian. His textbook starts out reasonably with supply and demand, but gets into things that simply do not work and never have worked. That’s why I got a D in economics. On tests, I didn’t just parrot what he wrote, but tried to answer the questions truthfully and with common sense. Sadly, I was wrong (in the professor’s eyes) on too many of them. The professor, who previously had been a presidential advisor, just couldn’t explain economics in a way that would make me believe that he was right.
The economists got their degrees and their jobs by swallowing the Samuelson stuff without really thinking about it. That’s why, whenever you hear an economist make a prediction, he’s almost always wrong. Also, anytime you hear some economic news, it’s always better or worse than expected. It’s never as expected. Everything that happens in the economy seems to come as a total surprise to the ‘experts.’
I’m not an expert, and I never offer an opinion on anything of which I am ignorant. I’ve just been paying attention since Nixon’s August 1971 speech. I don’t know what TPTB are up to, but I do know it can’t be for our good.
Are you sure they didn’t swallow something else? Heck of a good gig where you can almost always be wrong and still keep your job.
The Patriot : FULL MOVIE http://www.youtube.com/watch?v=z9auROPt3Pg
Oral Rehydration Solution
ORS is an incredibly simple recipe.
8 Teaspoons of Sugar [Or glucose powder]
½ Teaspoon of Salt
1 Liter of Water
Instructions: Mix.
Drink. :
ORS can also be made up according to whatever units, bottle size, or quantity is convenient for you.
As you can see it is cheap and uses ingredients that are almost always available.
Give it a taste. You will see why most commercial soft-drinks use minimal salt. Salt does not make it taste good. However, just by adding a little salt, you greatly increase the speed with which the solution in absorbed.
You can add a cup of orange juice or a banana [mashed up if you like] to the ORS to give it more flavor and make it palatable.
Keep the FAITH
Watchman
In cases of bad dehydration, need to add sodium bicarbonate to that mix.
Adverse Effects of Dehydration
Body Weight Lost – Symptoms
1-2% – Thirst, fatigue, weakness, vague discomfort, loss of appetite
3-4% – Impaired physical performance, dry mouth, reduction in urine, flushed skin, impatience, apathy
5-6% – Difficulty in concentrating, headache, irritability, sleepiness, impaired temperature regulation, increased respiratory rate
7-10% – Dizziness, spastic muscles, loss of balance, delirium, exhaustion, collapse
Keep the FAITH
Watchman
@ Mr. Good Stuff.
Statement by L.C.
Without having been a fly on the wall we will never know what exactly caused the intial “event” that resulted in the TARP bandaid. And that is exactly what it is and will be until somebody passes some legislation with some balls to it reducing the leverage in the system and fractional reserve banking and or reinstating some or all components of Glass Steagall. Even then it will take years to work the bad collateral out of the system for banks to repair their balanace sheets given the losses undertaken vs the derivative contracts outstanding (many of which renew)..
You call that bullshit?
http://www.youtube.com/watch?feature=endscreen&NR=1&v=daZcn3CCywM
Before my daughter graduates from high school she sure as hell will have done a term paper on the Federal Reserve Bank before she learns the usual garbage in economics and American history.
I went to an elitist prep school in NY and undergraduate college in New England and none of this was ever taught to me in my economics or American History classes! Absolutely none!
It wasn’t until about 5 years ago when I finally saw the light, but my friends eyes just glaze over when I try to encourage them to educate themselves. A good starter is Rothbard on the Von Mises web site.
No wonder we are all screwed.
It’s another Great SHTF day but it is sure hard jumping into the fray without my first cup of Java.
Couple of things we must remember is that first, the banks are screwing us Big Time and that the politicians are enabling the banks to do what they do, as one hand washes the other.
We are never going to have banking stability till we enact Glass-Steagall or some form of it. When commercial banks and speculation banks merged, it was, “Carte Blanc” as they soon became too big to fail and it “Everybodys” money now in the pot. I see that the acronyms like MBS, SWR, REIT and so forth so have to be explained, Even more is how they interact with each other in the banking system. Rest assured that all risk is place upon the banking custumer and that “Hot Shots” are dreaming up new ways to transfer risks to us and they do have influence in the passage of law.
Why do we worry about our 401’s, our savings and Money Market C.D’s. We don’t trust the system do we?
POINTS SOUTH
Florida
A Florida senior citizen drove his brand new Corvette convertible out of the dealership. Taking off down the road, he pushed it to 80 mph, enjoying the wind blowing through what little hair he had left.
“Amazing,” he thought as he flew down I-95, pushing the pedal even more.
Looking in his rear view mirror, he saw a Florida State Trooper, blue lights flashing and siren blaring. He floored it to 100 mph, then 110, then 120. Suddenly he thought, “What am I doing? I’m too old for this!” and pulled over to await the trooper’s arrival.
Pulling in behind him, the trooper got out of his vehicle and walked up to the Corvette. He looked at his watch, then said, “Sir, my shift ends in 30 minutes. Today is Friday. If you can give me a new reason for speeding – a reason I’ve never before heard – I’ll let you go..”
The old gentleman paused then said, “Three years ago, my wife ran off with a Florida State Trooper. I thought you were bringing her back.”
“Have a good day, Sir,” replied the trooper.
Georgia
The owner of a golf course in Georgia was confused about paying an invoice, so he decided to ask his secretary for some mathematical help.
He called her into his office and said, “Y’all graduated from the University of Georgia and I need some help. If I wuz to give yew $20,000, minus 14%, how much would you take off?”
The secretary thought a moment, and then replied, “Everthang but my earrings.”
Louisiana
A senior citizen in Louisiana was overheard saying, “When the end of the world comes, I hope to be in Louisiana .”
When asked why, he replied, “I’d rather be in Louisiana ‘cause everythang happens in Louisiana 20 years later than in the rest of the world.”
Mississippi
The young man from Mississippi came running into the store and said to his buddy, “Bubba, somebody just stole your pickup truck from the parking lot!”
Bubba replied, “Did y’all see who it was?”
The young man answered, “I couldn’t tell, but I got the license number.”
North Carolina
A man in North Carolina had a flat tire, pulled off on the side of the road, and proceeded to put a bouquet of flowers in front of the car and one behind it. Then he got back in the car to wait.
A passerby studied the scene as he drove by, and was so curious he turned around and went back. He asked the fellow what the problem was.
The man replied, “I got a flat tahr.”
The passerby asked, “But what’s with the flowers?”
The man responded, “When you break down they tell you to put flares in the front and flares in the back. I never did understand it neither.”
Tennessee
A Tennessee State trooper pulled over a pickup on I-65. The trooper asked, “Got any ID?”
The driver replied, “Bout whut?”
Texas
The Sheriff pulled up next to the guy unloading garbage out of his pick-up into the ditch. The Sheriff asked, “Why are you dumping garbage in the ditch? Don’t you see that sign right over your head.”
“Yep,” he replied. “That’s why I’m dumpin’ it here, ‘cause it says: ‘Fine For Dumping Garbage.’”
Y’all Beware! SNPPOINTS SOUTH
Florida
A Florida senior citizen drove his brand new Corvette convertible out of the dealership. Taking off down the road, he pushed it to 80 mph, enjoying the wind blowing through what little hair he had left.
“Amazing,” he thought as he flew down I-95, pushing the pedal even more.
Looking in his rear view mirror, he saw a Florida State Trooper, blue lights flashing and siren blaring. He floored it to 100 mph, then 110, then 120. Suddenly he thought, “What am I doing? I’m too old for this!” and pulled over to await the trooper’s arrival.
Pulling in behind him, the trooper got out of his vehicle and walked up to the Corvette. He looked at his watch, then said, “Sir, my shift ends in 30 minutes. Today is Friday. If you can give me a new reason for speeding – a reason I’ve never before heard – I’ll let you go..”
The old gentleman paused then said, “Three years ago, my wife ran off with a Florida State Trooper. I thought you were bringing her back.”
“Have a good day, Sir,” replied the trooper.
Georgia
The owner of a golf course in Georgia was confused about paying an invoice, so he decided to ask his secretary for some mathematical help.
He called her into his office and said, “Y’all graduated from the University of Georgia and I need some help. If I wuz to give yew $20,000, minus 14%, how much would you take off?”
The secretary thought a moment, and then replied, “Everthang but my earrings.”
Louisiana
A senior citizen in Louisiana was overheard saying, “When the end of the world comes, I hope to be in Louisiana .”
When asked why, he replied, “I’d rather be in Louisiana ‘cause everythang happens in Louisiana 20 years later than in the rest of the world.”
Mississippi
The young man from Mississippi came running into the store and said to his buddy, “Bubba, somebody just stole your pickup truck from the parking lot!”
Bubba replied, “Did y’all see who it was?”
The young man answered, “I couldn’t tell, but I got the license number.”
North Carolina
A man in North Carolina had a flat tire, pulled off on the side of the road, and proceeded to put a bouquet of flowers in front of the car and one behind it. Then he got back in the car to wait.
A passerby studied the scene as he drove by, and was so curious he turned around and went back. He asked the fellow what the problem was.
The man replied, “I got a flat tahr.”
The passerby asked, “But what’s with the flowers?”
The man responded, “When you break down they tell you to put flares in the front and flares in the back. I never did understand it neither.”
Tennessee
A Tennessee State trooper pulled over a pickup on I-65. The trooper asked, “Got any ID?”
The driver replied, “Bout whut?”
Texas
The Sheriff pulled up next to the guy unloading garbage out of his pick-up into the ditch. The Sheriff asked, “Why are you dumping garbage in the ditch? Don’t you see that sign right over your head.”
“Yep,” he replied. “That’s why I’m dumpin’ it here, ‘cause it says: ‘Fine For Dumping Garbage.’”
Y’all Beware! SNP
You missed Alabama…
A man stoppedin front of an insane asylum to change a flat tire. when installing the spare, he found that he had kicked the lug nuts and they rolled down the sewer. From inside the fence, a man yelled “Just take one from each of the other wheels, and you can limp to the auto parts store in town”. He was shocked at such advise from someone in an insane asylum. He walked to the fence and asked the inmate “Why are you in there if you can think of something like that?” The inmate replied “I’m in here ’cause I’m crazy, not ’cause I’m stupid!.
Sorry for the double post.
Y’all Beware! SNP
It was worth reading twice. LOL
There is a video at SGT.
House of Cards, Real Estate’Big Secret.
By Fabian4Liverty
Might be worth a look.
I would like to agree with Chantilly Lady in her above assessment.
What scares the hell out of the govt. and Bernanke and keeps them awake at night is deflation. The Great Depression was a deflationary depression.
What people need to look at is that they have thrown a shitload of money at this economy, and it has kept it afloat (for now). When you take into consideration all of the QE, and the continuation of the QE, with all of that being said, we are still just treading water. The deflationary aspects are just that strong. And even with all of the printing, the trend is still strongly deflationary.
So, like Chantilly Lady above, I don’t necessarily agree with the way things are being handled by those in control, and it is in no way sustainable. But I do see why they did it.
They’ve chosen to try for a long term drawn out collapse, rather than a death spiral (like the Boiled Frog Theory). This is just my opinion, but I do think that things are being done with this in mind.
Tell Manos I miss reading his posts. I used to read whatever he had to say when I was a read-only type person.
I read about the two tectonic plates colliding (Be Informed, good buddy, this comment is financial, not geophysical- ha ha.)
One tectonic plate is deflationary and the other is inflationary, and both are colliding.
The scariest thing is that the ultra rich have gobs of money that they theoretically could use to buy up all the things that are depreciating, for pennies on the dollar to boot, at least up to a point until prices start going up for everything that the uber rich want, which means the rest of the population will never be able to touch.
In other words, the prices of the Lanborghinis , yachts, luxury travel and prime real estate, including farmland, will inflate, but the value of used cars, traditional family homes and other mundane middle class possessions will deflate away. An irreconcilable “biflation” as defined by the coexistance of inflation and deflation.
Where this divide falls on food and energy will determine whether there is outright civil unrest vs continued “muddling along” in my opinion. The other monster lurking after food and energy is, of course, health care, with the states wrangling over how to pay for indigent care (Medicaid), blindly assuming the government will pay 100% for the first couple of years before withdrawing support to 90% after that as scheduled , and so on.
Add to the asymmetrical burden of sales taxes, property taxes, and health insurance and income taxes for those who are “lucky” enough to be paying, that is those who have jobs that still place them in the middle class and therefore paying taxes and health insurance, to the equation and the scales could tip towards outright civil unrest.
This biflation makes it difficult for me to decide whether to turn to gold/silver since if the vast majority of the population has no income or money, then even the the lowly Federal Reserve Note (FRN) may still be valuable to the masses as a medium of exchange. Of course the uber wealthy are the ones swimming in this fiat as X’s and O’s and so they have to be moving out of it towards hard assets which should be driving the prices of these luxury goods higher, including stocks and farmland.
But the price of gold can’t go up too much too quickly because the rich want to buy it at a low price, but more importantly, they can’t let it take off, otherwise that is lighting the proverbial fuse to the fiat bomb. The minute gold increases dramatically in price, that is tantamount to announcing that the dollar is worthless and then the panic to unload it begins.
It’s very difficult to figure all this out with so many cross currents, especially when so many “experts” have been wrong so many times and for so long about so many things.
Odd how Iceland is the only country where people understand that when you’re up to your eyeballs in debt, the LAST thing you need is another loan. Dave Ramsey has this much right: “When you need money, the place to go is to work.”
capital controls in place
limited withdrawals from ATM’s
some refusing to accept credit cards
and they are now talking about taking as mucha
as 70% from wealthier customers ???
70% ???
and much of this is Russian money
good luck with that you idiots
there could be a lot of people sleepin with da fishes
http://www.zerohedge.com/news/2013-03-23/cyprus-deposit-levy-vote-delayed-will-down-wire-70-deposit-tax-contemplated
the bottom line is these banks were poorly maybe even criminally run
they have failed
the solution ???
the government steps in and STEALS your money to save them
pure and simple THEFT on a massive scale
it’s what Bernanke refused to say that is so worrisome
Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits
http://www.washingtonsblog.com/2013/03/bernanke-fails-to-reassure-over-concerns-of-a-cyprus-style-seizure-of-american-bank-deposits.html
I’ve only read one economic prediction that was even close to the truth and it was in the opinion pages of the LA Times back in 2003.
Link below
Link
http://articles.latimes.com/2003/aug/03/opinion/op-friedman3
looks like the President of Cyprus took care of his friends
http://www.dailymail.co.uk/news/article-2297383/Cyprus-bailout-President-Nikos-Anastasiades-warned-friends-money-abroad.html
3 MINUTE CHOCOLATE CAKE IN A MUG
4 Tbsp flour
3-4 Tbsp sugar
2 Tbsp cocoa
3 Tbsp milk
3 Tbsp oil
1 egg
Splash of vanilla
chocolate morsels or nuts if you prefer.
Spray mug with Pam.
Microwave for 3 minutes.
I think we all pretty much agree on the fact that robbery has taken place when it comes to our banking system. The goverenment looked the other way, while banks were making 120% loans to people that couldnt afford the house payments,once the underwater owners had to secure their own financing. Once the banks started getting the houses handed back to them, the system was about to come unravled. Answer, print more money.
The German inflation was caused by the goverenment on purpose, due mainly to the huge war debt they supposedly owed the other European banks. Their inability to pay caused them to just print the money. Once they started, all of the German money from around the world started pouring back into Germany, with no safe banks to put it in. Major inflation ensued.
Does it really matter who is causing this mess ?? I mean, we are all Americans here, and what we do best is overcome adversity. We American, alway find a way to get the job done. This looming inflation will not be anything we cant deal with.
I know its coming like everyone else here. The goverenment buys 1.6 billion rounds. So what. Now we know where to get 9 mm. The goverenment has drones in the skies ?? So what. Build your own drones, or study up on how to overcome the GPS guidance systems of the gov owned drones
Poison in the food supply ?? Learn to grow your own food.
So everybody pick up your botton lip. Quit crying about who or what is coming, and just prepare yourself and family as best you can. Work on getting yourself out of the system as much as you can. Work for cash or barter wherever you can. Stand up and be Americans !! Reach down and let us know you have a pair. Dont be afraid of TPTB. they are just a bunch of inept dipshits that couldnt find their ass with both hands.
Nothing to be afraid of. Sure lots of people will suffer, just like they always do. You cant help them, so prep for them, or cut them loose, its pretty simple.
I went to the local gunshow this past weekend. Pallets of ammo, any kind you wanted was there. The price was higher, just like everything else, but it was available in any amout you wanted.
Cheaper than Dirt selling Lake City AP .223 reloads for around $400 /1000 rds. I guess it’s there, at least for now at a higher price.
The thing I can’t understand is why does everyone have such an intense focus on guns and ammo and not body armor?
These “Zombies” are going to be armed and shooting back. I think I’d rather spend my money on body armor rather than acquiring another 10,000 rds.
Former Assistant of the US Treasury, Dr. Paul Craig Roberts has a term for what we speak of here,”re-enserfed”. Go to King World News and check out “Banks move to enslave humanity”.
Very good explanation of what to expect from our economy:
http://www.infowars.com/paul-craig-roberts-triple-bubble-implosion-coming/
The solution as I see it: develop a local economy to facilitate trade.
actually the US Debt to GDP ratio is already 400% It’s just like the Unemployment and Inflation numbers the Government likes to bandy about.