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The 2011 Depression

delldude said:
 
 
All the big boys been dumping stocks recently.....1929??
 
 
 
If it ends up being a repeat we can all live in a trailer down by the river.  😉
 
Yes, there will be riots in major cities… Yes, the U.S. is going to lose its dominance in the world…
In 2008… I think that was just the beginning… That was scratching the surface of what’s to come… the truth was almost revealed.
Within the next five, not later than ten years, I think the truth is going to come out… It’s fraudonomics… Everything is built on fraud and manipulation… and I think once this thing hits and once it comes out, and the U.S. dollar loses its reserve status, or at least there’s a change in the global currency system, I think Americans are in for a huge shock.

 

 

If the U.S. does poorly and the economy goes into some type of monetary crisis these things [hard assets and resources] are going to be dramatically risen because people will be looking for value. Just like Warren Buffet buys railroad companies… he’s getting rid of those dollars and buying assets.
The first thing I would get [if a collapse were imminent and days away]… hopefully, number one, I’m at home… of course last minute food… fresh foods… it might be the last time you’re getting apples for a few weeks, depending on how bad it is…
What’s the currency in two weeks? This is a tough one. If it gets really bad the currency in some cities could be sex, alcohol, tobacco, food certainly, water certainly…
In a general sense, what would the government do? The government will have to come out with a new currency… I don’t think the free market’s going to supply the new currency only because the government won’t let it.
… For sure silver will be used… ammunition… and again, the collapse could be on so many levels. The worst case scenario would be where there’s a complete breakdown… and that wouldn’t probably come from an economic collapse… that would probably be more like somebody striking at our energy… our utility system… and EMP.
I think if we had a lack of power in major cities, and all of a sudden the millions of people in Los Angeles aren’t able to feed their children, or turn the stove on… that’s when you have a major crisis.
Will this last for two or three weeks? That’s very possible.
Will it last for months? Much less likely, unless we’re talking about a global event.
 
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delldude said:
 
A good prepper rotates his stock.....
 
Eh, I'll just borrow stuff from the neighbor. 😉
 
What's funny about those prepper shows on TV is that the people on it are basically telling everyone they have all this stuff.  If things do hit the fan those people will come a knocking.  Also the people who do prep for a catastrophe always assume that they will not be the ones to get sick in a global pandemic, or an asteroid wont fall on their heads.  Or they won't be on a cruise ship somewhere 5000 miles from all their stuff.  🙂
 
777 fixer said:
 
Eh, I'll just borrow stuff from the neighbor. 😉
 
What's funny about those prepper shows on TV is that the people on it are basically telling everyone they have all this stuff.  If things do hit the fan those people will come a knocking.  Also the people who do prep for a catastrophe always assume that they will not be the ones to get sick in a global pandemic, or an asteroid wont fall on their heads.  Or they won't be on a cruise ship somewhere 5000 miles from all their stuff.   🙂
 
Friend who is very prepared learned that during Sandy up in RI. He lives in a small community and even though he violated the first rule of survival....he helped most in his small town and they were extremely thankful.....that kindness could cost one his life.
 
delldude said:
 
Friend who is very prepared learned that during Sandy up in RI. He lives in a small community and even though he violated the first rule of survival....he helped most in his small town and they were extremely thankful.....that kindness could cost one his life.
 
If they didn't know before they know now.  If they knew before and he didn't help that would have made life a bit unpleasant afterwards.  
 
In that situation his neighbors knew that the power would eventually come back on and organizations like the Red Cross, National Guard, FEMA etc would show up. No need to crack him over the head and take his stuff.  If the situation were one of no power ever coming back on, no relief of any kind those very same neighbors could very easily turn on him.   
 
 
New figures by the Congressional Budget Office released on Monday reveal that over the next 10 years the U.S. debt-to-GDP ratio will double to 78%.
The report added: "Finally, high debt increases the risk of a fiscal crisis in which investors would lose so much confidence in the government's ability to manage its budget that the government would be unable to borrow at affordable rates."
http://www.breitbart.com/Big-Government/2014/04/14/CBO-Issues-Dire-Debt-Warning-of-Fiscal-Crisis
 
delldude said:
Obviously you don't know any better................get back to me about this time next year. You need to update your economic outlook software 777.
laugh.gif
What year was that?
 

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