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AKA The Dragon
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2,818 Posts
Not me.
How long is the list of things that can go wrong?
Stock markets!!
Well it "appears" to be working at this time, so long as the various goverments keep printing tax payers money to fill the bucket with the big hole in it.
 

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243 Posts
Howdy, Stilllearning!

When the gas prices went down recently and the gas panics stopped for NC, I took my tank from it's minimum half-full to almost-all-the-way-full!

So, for me, when times get better and prices get lower, I just double up on preparedness goodies! It's like the strategy of "buy low, sell high" applied to hard goods.

Also, I made charitable donations of books and items I no longer need, so that I can have both more space to use and more of a legal tax-deduction come the next tax-time. Both will come in handy for any tax hikes, inflation, and other perils sure to follow this bail-out.

Also, I'm in the process of making a new form of survival good storage which I may be sharing with the Forum sometime if I can take good enough pictures.

Rest assured, I'm sure not asleep. The world has always been a dangerous place and if it isn't economic depression or tyrannical government, it'll just be something else to prepare for and overcome.
 

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I hear the bagpipes
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279 Posts
Oh goody they fixed it! Goody! Welcome to Weimar! Don't you just LOVE Kaiser Paulson? Goody! Oh, and by the way, just wait and see what happens when the people with the oil become wearied with not getting their price per barrel anymore! Wonder what they'll do??? :eek: Now WHAT could they possibly be thinking??? :confused: Never mind! Goody time for all the little Socialists! Now what would drive up the price of oil again......?
 

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I'll fix it
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2,548 Posts
I bought some INTEL and Ford Stock. Why not prep for good times and bad times. Cover ALL the bases.
If I make some profit when the economy recovers, I'll cash it in and buy gold because the price is dropping already. I've got my guns, food, water & gear.
It's a great time to buy stock. :)
 

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18,814 Posts
No, I will press on with my preps.

If anyone or entity can be considered to be 'fickle', it certainly would be the stock market.

I get the sense that, if someone at NYSE passed wind after consuming a lunch of cabbage, onions and Taco Hell, the index would drop 700 points.

The index is an indicator indeed, IMHO, but not a reliable one, on its own.
 

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Cover your Six!!
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450 Posts
WATCHA GONNA DO WHEN THEY COME FOR YOU!

Hey all!

Check out this artical that was forwarded to me. It is from the LewRockwell.com web-site. It covers stuff we already now and some that may not, but it is very well written. This Article should take that fickle tickle feeling, and toss it away!

WATCH GONNA DO WHEN THEY COME FOR YOU!
by Steven Latulippe

Well, they went and did it.

Proving that they have learned nothing from history, Congress passed the massive $700 billion "bailout" bill that is allegedly going to save our insolvent banking system. I was hoping against hope that a populist rebellion might somehow stop the oligarchy from helping itself to the taxpayers’ wallets, but it was not to be. In the end, the plutocrats got their money.

Frankly, the logic behind the House of Representative’s final vote was incomprehensible. When the bill was a straightforward handout to the banks, they rejected it. But after the bill went through the Senate – which added dozens of pork-barrel spending projects and granted new Orwellian powers to the IRS – the House approved it.

How on earth could anyone rationalize voting for the second bill after they had voted against the first one?

Beats me.

Either way, our government took a fateful step down the road to perdition. This payment won’t be the last, since the solvency problem is much bigger than a mere $700 billion. By some accounts, trillions of dollars of bad mortgage-backed paper is sloshing around in the financial system. Most of it has no market, because no one knows if any of it is actually worth anything.

What’s more, the federal government is bankrupt. By any honest accounting, this year’s budget deficit was already heading toward the $600–700 billion range. Since the government can’t pay its existing bills, where will it get the money for this bailout?

The feds will either have to find new suckers to loan them more money, or they will have to turn on the printing press and ignite a nasty bout of hyperinflation.

But the scary truth is that still more disasters are lurking just over the horizon.

First, as Senator Harry Reid let slip the other day, our insurance industry is teetering on the brink. AIG has already gone under, and at least one more major company is allegedly about to give up its ghost. Once that domino falls, who knows how many more will follow?

And close on the heels of the insurance meltdown is the impending debacle in commercial real estate. Greenspan’s bubble not only inflated residential housing prices far above rational market levels, it also created a similar bubble in office buildings and shopping malls. Many banks and investment houses are just as awash in bad commercial real estate paper as they are in subprime mortgages.

Is the federal government going to take on these bad loans too?

If that isn’t enough to raise the hair on your neck, the horror doesn’t stop there. Since most state governments rely heavily on property taxes, their balance sheets are starting to drown in red ink. When housing prices drop by 25 or 30% and commercial real estate goes belly-up, so do tax receipts. Yet, unlike the federal government, the states do not control the printing press. They can’t inflate their way out of their predicament.

Governor Schwarzenegger of California has already asked the feds for a multi-billion dollar "loan." He won’t be the last. (After having thrown huge piles of cash at banks and insurance companies, can the feds refuse to rescue a bankrupt state government? Politically speaking, I seriously doubt it.)

Also waiting in line at the pig trough is a gaggle of corporations. During last week’s chaos, not many folks noticed that the big-three automobile manufacturers got a multi-billion dollar handout from the taxpayers. And now that a precedent has been established, look for other industries (the airlines, for starters) to belly up to the taxpayers’ bar for a shot of free "liquidity."

Can the government possibly do this? Can it absorb the entire residential and commercial real estate losses, bail out dozens of state governments, resuscitate the insurance industry, and hand out cash to unprofitable corporations?

Not hardly...at least not without resorting to the printing press, which will set off a tsunami of hyperinflation. As history has shown over and over, governments that spend themselves into a corner will inevitably try to escape their predicament with counterfeit money. Although this scam works in the short run, it causes much bigger problems down the road. Hyperinflation destroys the very basis of economic growth by poisoning the value of money. Without a stable currency, businesses and individuals cannot make long-term plans, since no one knows what anything will cost even weeks or months into the future.

Which brings us to gold.

Libertarians and paleoconservatives have been discussing just such a hyperinflationary scenario for years. For the most part, the consensus opinion has centered on precious metals. Since governments can’t counterfeit metal, gold generally holds its value whenever fiat currency is debased.

While this investment strategy is a good one, it comes with one major risk.

The reason governments inflate their currency is to surreptitiously confiscate wealth from those individuals who store their wealth in that currency. If too many citizens shield their wealth by investing in gold, they nullify the entire scam. Inflation "works" because citizens are forced – by legal tender laws – to store their wealth in a medium controlled by the government. As a government counterfeits its currency, it sucks wealth from all of those people who hold that currency.

The government cannot tolerate too many of its citizens successfully evading inflationary confiscation. In a worst-case scenario, a headlong rush into gold would destroy the dollar completely as individuals replaced it with gold as a medium of wealth storage and exchange.

This cannot be permitted under any circumstances, since it would undermine the very foundations of our governing elite’s power.

That is not to say that hyperinflation is the government’s only option. When faced with bankruptcy, the government could behave responsibly. It could bring its expenditures into balance with its revenue. It could slash the welfare state, defund the military-industrial complex, and withdraw it forces from the overseas Empire.

Unfortunately – from the plutocracy’s perspective – such a policy would also massively undermine its power and is, therefore, completely unacceptable.

If responsible management of public finances is a non-starter, the only other alternative is to rescue the dollar by banning private citizens from buying or owning gold.

Given these two options, does anyone doubt which one the government will choose?

If history is any guide, those individuals who have correctly predicted that our government’s policies will end in disaster – and who invest heavily in gold – will be demonized as "hoarders" and "extremists." In keeping with the theme of our age, such investors might even be accused of "terrorism" (Which, in a twisted way, makes sense. After all, if the government is going to continue to fight the "War on Terror," it needs money. And if the only way it can get money is by confiscating gold, then those who resist the confiscation are "aiding and abetting terrorism.")

Ominously, this logic would permit the government to invoke the Patriot Act and the infamous Military Commissions Act.

In practice, actual confiscation would be easy. Most gold is held in ETFs or bank vaults. The government could simply order these institutions to hand their gold over to the US Treasury. In return, the depositors would be issued compensation in the form of increasingly worthless Federal Reserve Notes (probably at an exchange rate that heavily favors the government. After all, the feds couldn’t allow "hoarders" to make "windfall profits").

Those citizens who hold physical gold would be somewhat more problematic. They would presumably be given a "grace period" to hand over their stash. After that, the feds might have to get a bit rough.

Since many folks would probably try to hide their gold, President Obama would ultimately have no choice but to send federal agents into the countryside and seize it. Given the recent demise of quaint Anglo-Saxon legalisms – such as search warrants and Habeas Corpus – this enterprise might not be as difficult as one might think. (Maybe this could be a job for those creepy, Mugabe-style youth brigades that have been popping up around the county.)

I realize that a potentially violent government seizure of private property seems farfetched – or even apocalyptic – but those who dismiss it out of hand should remember their history. After all, our government has done this before!


by Steven LaTulippe LewRockwell.com
 

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:thumb:I'm buying a new pony, and, and wait - maybe I'll bake some cookies:upsidedown::taped:

The party's over - All y'all git back t' yer reglarly scheduled lives:D:



But seriously, I don't think it's done bouncing around yet. One positive thing is that someone I know has had their eyes opened a little bit and is more accepting of the notion and actions of becoming prepared for a lifestyle change.


I, too have purchased a little bit of some stocks and within a few days will know if my offer on a piece of land has been accepted.
 

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Senior Member
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1,794 Posts
Why would anyone stop preparedness plans based on any good news regarding the economy? The time to stock up on necessities is when they are plentiful, economical and available. The time to learn skills is before they must be relied on. Those that wait until "something happens" or until things look really bad are reactive rather than proactive and they will suffer for it. Like the mobs of people who go out and try to buy a generator after the lights go out and are surprised by the fact that there are none to be found anywhere.

The Dow is so volatile that these wild swings may well be the norm for some time to come. Like others have stated, I believe that inflation will be the devastating after-effect of the economic policies enacted. While the Dow may affect the bottom line of investors, inflation will severely affect our daily lives. To what extent remains to be seen.
 

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YOu can't get too upset. this has been the story for many many years and will be the same for time to come. Just look at this site. Ask Kev about how many people sign up for the site and then go away after a week or so. It is not easy to be into this lifestyle especially for the newbies who don't have a support group.

We all want things to work out. Even the most rigid survivalist wants it to work out. No one in their right mind wants the world as we know it to come to an end. I have to admit last night I put in buy orders to my broker. I made a killing today. Sold by this evening. we have to worry about the guys and girls who come here that fall in that 10 percent that will stay the course. You can't worry about the others. They will always come and go. Just look at Hurricane IKE. I now have 7 generators people want to sell. MOst aren't worth having after they burned them up.

It is just human nature. Let us help those who really want to stick with it. you will know them. they will ask questions and make plans.
 

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i just got more hours at work and a hefty raise...cool huh?...but i know that things change, nothing stays the same, i have learned how to live when times are good and when times are tough...i like it when the times are lean and i can go back to our pantry and reach for my favrite salsa or making beans and cornbread from my dutch oven out in the yard.... but hey.... some folks like the malls and starbucks and think that it will never end......who knows it might not....... thats just not my scene daddy'O..........
 

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i just got more hours at work and a hefty raise...cool huh?...but i know that things change, nothing stays the same, i have learned how to live when times are good and when times are tough...i like it when the times are lean and i can go back to our pantry and reach for my favrite salsa or making beans and cornbread from my dutch oven out in the yard.... but hey.... some folks like the malls and starbucks and think that it will never end......who knows it might not....... thats just not my scene daddy'O..........
Ah, the simple life Blue! You gotta love it! It is a shame that so many get all knotted up in life and never discover the joys of simplicity. They know not what they are missing. Maybe that's good, simple pleasures and crowds rarely compliment each other. The high and mighty shall fall heavily but we shall not only survive but will be able to find happiness in the smallest things and activities.
 

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Today the Dow when up over 900 points:

I wonder, how many people, will “stop” preparing now?????
Actually, this is a good time to watch the classifieds in the paper.

I picked up a bunch of long term storage food (Sam Andy's), after Y2K.

I also watch after a bad hurricane year...everyone runs out and buys a generator (well some do) after the fact and then puts it up for sale...Stuff like that.

As an example, after we had 3 hurricanes pass over, more or less, our house in 2004, my neighbor went out and purchased a 5800 watt generator, AFTER it was all over and you could find one to buy again. I shared one of mine w/ him and the folks on the other side, after two of them ate our lunch.

Anyway, his is still sitting in the box, in his garage..Never uncrated.
It will be mine one day for a lot less then he paid for it!
 

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Premium Member
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i just got more hours at work and a hefty raise...cool huh?...but i know that things change, nothing stays the same, i have learned how to live when times are good and when times are tough...i like it when the times are lean and i can go back to our pantry and reach for my favrite salsa or making beans and cornbread from my dutch oven out in the yard.... but hey.... some folks like the malls and starbucks and think that it will never end......who knows it might not....... thats just not my scene daddy'O..........

My wife has a great recipe for a hamburger stew, that would feed 2 for almost a week for around $3.00.

This was a long time ago, after I went in the AF and was making about $96.00 a month.

We really got tired of it, but it really kept the hunger down!
 

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Say no to NWO PLEASE!
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1,009 Posts
This ties in nice:

2007 Monopoly set:

FAQ - What if the bank runs out of money?

"Some players think the bank is bankrupt if it runs out of money. The bank never goes bankrupt. To continue playing, use slips of paper to keep track of each player's banking transactions- until the bank has enough paper money to operate again. The Banker may also issue 'new' money on slips of ordinary paper.
 
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