They're literally printing money as fast as they can in Washington. You can do yourself a big favor by getting prepared.
Financial gurus Henry Blodget, Marc Faber, Peter Schiff and Julian Robertson represent a wide spectrum of political opinion but are unified in their assessment of Democrat spending policies. Unprecedented government borrowing -- in a climate hostile to small business -- is hastening the "collapse" of capitalism.
Henry Blodget: "...the economy is being sustained by one huge borrower that is taking on debt faster than it has anytime since World War 2: The government. Government spending and government lending is REPLACING private spending and lending. And if it wasn't, the economy would have collapsed... The government can't keep borrowing like this forever, though, or we'll become Argentina. So the hope is that consumers and businesses will start borrowing BEFORE the government has to get itself under control. The history of financial crises suggests that this transition is unlikely to be smooth."
Marc Faber: "The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society."
Senate candidate Peter Schiff: "The worst is not over... the Dow will fall another 90% from current levels when measured against gold... gold [will hit] $5000 per ounce in the next couple of years..."
Visualizing The Upcoming Treasury Funding Crisis
In his interview yesterday Julian Robertson expressed substantial concerns about the ongoing US debt funding threat, using words such as "Armageddon" to describe what will happen when and if China and Japan stop buying US debt. More disturbingly, as was pointed out on Zero Hedge first, and was subsequently picked up by the WSJ, the Fed has accounted for half of all Treasury purchases in Q2 ($164 billion of total of $339 billion).
... meaning that the primary net purchaser of dated bonds has been the Federal Reserve.
As we approach what many say will be the "Greatest Depression" I was inspired to combine lists into items needed in hard times. What follows is a list of lists covering areas that sustain the average family.
Most US families have no such checklist. Good times, as far as we can remember, don't inspire planning for hard times. We've been immune from such worries for 65 years since the end of World War II. The average historical memory is probably only 20–30 years.
That lack of historical perspective is a handicap against what is currently happening to the US economy.
As we approach what many say will be the "Greatest Depression" I was inspired to combine lists into items needed in hard times. What follows is a list of lists covering areas that sustain the average family.
Most US families have no such checklist. Good times, as far as we can remember, don't inspire planning for hard times. We've been immune from such worries for 65 years since the end of World War II. The average historical memory is probably only 20–30 years.
That lack of historical perspective is a handicap against what is currently happening to the US economy. And, the US is exporting their worst problems to the rest of the world. Ironically, "other" countries are facing hard times now, before the US.
My interest in optimizing all things leads me to prepare for good times and bad. I'm a natural optimist and believe that our Creator gave us the ability to overcome all obstacles. Checklists like this are proof of that ability. It was wise, not pessimistic of the Biblical Joseph to store seven years of grain before the famine.
To optimize one must first be thorough. When it comes to preparing for hard times that means making a thorough checklist. You may not have to purchase, store or do every item on the checklist. But, there's many benefits to making one.
If your family could check off all the items on this list as ether done, not applicable or have access to then you'll be doing far better than average even in good times.
The issue of the best SHTF gun has been worked top to bottom, bottom to top and side to side and back again, it is nothing new.
Some will say a .22 rifle or shotgun, others will suggest an AR-15 or some other center-fire magazine fed rifle and a few will tell you a bolt action is the most logical choice.
While they aren't wrong – at least under certain circumstances, they fail to see the big picture or fail to realize what really happens after a collapse ...
Getting Prepared One Step at a Time
Time’s a wastin’. Getting prepared takes a concerted effort on a regular basis. However, it doesn’t take require loads of money or fancy contraptions. It takes action. The good news is that even though I’m not surrounded with a particular need for preparedness right now, I’m still amply rewarded when I do a little something to improve my family’s state of readiness. I find that each activity I do and every effort I make in this regard increases my level of peace, confidence, and assurance substantially. Here are some ideas as to what you can do this weekend to be better prepared ...
Seems to me that the POTUS is engaging in a little "Cloward-Piven."
[...] The Classic Liberal rounds up a number of economists that predict a devestating economic collapse, and helpfully provides links to an extensive survival checklist. [...]
The really scary part is, the Cloward-Piven Strategy is just a pikers game compared to the rest of whats going on. We have a completely unfettered government.