19 Signs Of Very Serious Economic Trouble On The Horizon

[Ares]

Most Americans have no idea how much economic trouble is heading our way. Most of them just assume that everything will eventually "return to normal" just like it always has before and that those running our economy "know what they are doing" and that we should trust them to do their jobs. Unfortunately, these beliefs are being reinforced by the bubble of false hope that we are experiencing right now. For example, it is being reported that weekly unemployment claims in the United States have fallen to a four-year low. That is a very good thing. Let us hope that unemployment claims go even lower and that the current period of stability lasts for as long as possible. We should enjoy these last fleeing moments of tremendous prosperity for as long as we can, because when they are gone they won't be coming back. As I noted the other day, all of this false prosperity in the United States has been financed by the 15 trillion dollar party that we have been enjoying. We are adding about 150 million dollars to our debt every single hour so that we can continue to enjoy an inflated standard of living. Unfortunately, nobody in the history of the world has ever been able to keep a debt spiral going indefinitely, and our debt bubble will burst eventually as well.

Sadly, when you attempt to end (or even slow down) a debt spiral the consequences can be extremely painful. Just look at what is happening in Greece. Several waves of austerity measures have been implemented, the Greek economy has been plunged into a full-blown depression and Greek debt is still going up.

The rest of the nations of the eurozone are also now implementing austerity measures, and most of them are also starting to fall into recession. The economic pain in Europe is just beginning and it will go on for quite a long time.

And eventually the United States is going to join the pain. Right now the U.S. government can still borrow trillions of dollars at super low interest rates thanks to games being played by the Federal Reserve. But it is simply not possible for this Ponzi scheme to last too much longer. When it ends, the pain will be extremely great.

And even in the short-term there are some extremely troubling signs for the U.S. economy.

The following are 19 signs of very serious economic trouble on the horizon....

#1 According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point.

#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012. The following is from a recent Reuters article....

"We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010," said Mark Seifert, executive director of Empowering & Strengthening Ohio's People (ESOP), a counseling group with 10 offices in Ohio.

#3 The Citigroup Economic Surprise Index, a key indicator watched by many economists, is on the verge of heading into negative territory.

#4 We are supposed to be in the middle of an economic recovery in the United States, but bad news just keeps pouring in from major companies. For example, Yahoo is firing thousands of workers and Best Buy is closing dozens of stores.

#5 Richard Russell says that the "big money" is starting to quietly exit from the financial markets....

"My guess is that this is the big money that has been holding off as long as it decently can -- and then dumping their goods just before the close. I don't think the big money likes this market, and I think they have been slowly exiting this market, as quietly as they can."

#6 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.

#7 All over the country, local governments are going into default and we have not even entered the next recession yet.

#8 The U.S. government will add more to the national debt in 2012 than it did from the time that George Washington became president to the time that Ronald Reagan became president.

#9 The Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011. This is the only thing that is keeping interest rates in the United States from soaring dramatically.

#10 German industrial production is falling at a pace that is far faster then expected.

#11 Italy's debt-to-GDP ratio is now up to 120 percent.

#12 The Spanish government admitted on Tuesday that Spain's debt-to-GDP ratio will rise by more than 11 percent this year alone.

#13 Yields on Spanish bonds are rising to dangerous levels.

#14 The Spanish government is projecting that the unemployment rate in Spain will exceed 24 percent by the end of the year.

#15 Unemployment in the eurozone as a whole has risen for 10 months in a row and is now at a 15 year high.

#16 In the aftermath of a 77-year-old retiree killing himself in front of the Greek parliament in protest over pension cuts, the economic rioting in Greece has flared back up dramatically.

#17 At this point, Greece is experiencing an economic depression with no end in sight. Some of the statistics coming out of Greece are really hard to believe. For example, one port town in Greece now has an unemployment rate of approximately 60 percent.

#18 The IMF is asking the United States to contribute more money for European bailouts.

#19 At this point, even some of our top scientists are projecting economic trouble. For example, researchers at MIT are projecting a "global economic collapse" by the year 2030 if current trends continue.

But the truth is that we will experience a "global economic collapse" long before 2030 comes rolling around.

Let us hope that we still have at least several more months of economic prosperity in the United States before things really fall apart.

The truth is that the vast majority of Americans need more time to prepare for what is coming.

Sadly, most Americans are not preparing. Most Americans have blind faith that those in positions of power are going to fix everything and set us on the path to even greater prosperity than ever before.

Unfortunately, all Federal Reserve Chairman Ben Bernanke and Barack Obama have been doing is kicking the can down the road and making our eventual collapse much worse.

As many of us have painfully learned, you can run from debt for a while, but you can't hide from it forever. Eventually debt catches up with you, and when it does it can be very cruel.

The 15 trillion dollar party is coming to an end, and the consequences of decades of very foolish decisions are going to fall on this generation.

http://theeconomiccollapseblog.com/archives/19-signs-of-very-serious-economic-trouble-on-the-horizon

[Spectrism]

Many more than 19.

46 million Amerikans survive by getting food stamps.

Fake numbers for everything: stock market, unemployment, election results.

[Book]

http://www.ktvb.com/news/Idahos-long-term-jobless-to-lose-benefits-146600795.html

[madfranks]

#9 The Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011. This is the only thing that is keeping interest rates in the United States from soaring dramatically.

To me, this is the most important one. The Fed may not be directly purchasing gov't debt, but it is indirectly purchasing it through all the major commercial banks. The fed loans to banks at 0.25% interest, the banks buy up as many Treasuries as they can (say 10 year bonds for 2.25%). The banks don't have to lend to the private sector, they just load up on "risk free" Treasuries. This process is siphoning hundreds of billions of dollars of capital out of the economy to be squandered by the government. They are literally devouring the economy to survive right now. So what happens next?

[mamboni]

Many more than 19.

46 million Amerikans survive by getting food stamps.

Fake numbers for everything: stock market, unemployment, election results.

Yes, we are living in a dystopian economy. Nothing is real and every happens by decree. People are economically blind and incapable of forming conclusions based on their own real world experiences, present company excluded. But their subconscious mind is screaming in a vacuum, trying to tell them them that catastrophy is imminent. People are unsettled and nervous: their instincts tell them something is very wrong. Their cognitive denial and avoidance reflex overrides their facing the unpleasant reality. We are lemmings

Wealth transfer virtually complete. Top sucks from the bottom. 99% of people have no tangible wealth (i.e. physical gold and silver). All paper receipts will be cancelled. Homes will be siezed by the banks for pennies on the dollar. Banks hold $trillions while workers struggle to pay for gas to drive to slave jobs. 95% have little to no net worth. Most are net debtors. Silver and gold prices cannot rise if the people are too broke to buy them. The bankers hold all the wealth and control the money printing. Banks creating power money at will to finance government deficit spending to maintain economic activity at subsistence levels while private sector whithers from taxes and cost push inflation. Public workers paid two and three times private workers. Leakage of new fiat money into economy is via public workers salary and benefits. End game approaches: private citizenry broke, subsidence existence on food stamps and welfare, homeless and in debt. Public workers living large and going through the motions at work, doing nothing and producing nothing. US economy producing nothing but paper money and paper debt. Food prices becoming unaffordable. How has this perversion of society come to be? It is totally artiificial. How and when will it end? FEMA camps for the masses and enslavement of mankind by the superrich and powerful elite few? Or will it be revolution and massive reset, the historic antidote to extreme wealth concentration?

[madfranks]

The governments absorb capital out of the economy. But this capital is of a peculiar nature. It is wealth that is being funded by the expansion of digits, not an increase in thrift. No one in the society is foregoing consumption. Central banks are providing the economies with digits, but commercial banks are either keeping this as excess reserves or else are lending to governments. If this newly created fiat money had been lent to businesses at low rates, the boom cycle would be visible. Capital would be allocated to the private sector, but only because lenders (bankers) believe that the recovery is real, meaning they will be repaid.
This would begin that Austrian theory of the business cycle. It is a misallocation of capital. It leads to a future bust.
Instead of another boom, we are seeing the transfer of wealth to governments, which keep issuing IOUs. The lenders of digits are providing the vampire borrowers the money necessary to bid resources away from the citizens who are not borrowing at low rates. The citizens who are not on the receiving end of government money are forced to cut back on their purchases of goods and services. Think of the unemployment rate for people 18 to 25 in Spain and Greece: over 40%. They are paying for the profligacy of their governments.


...


There will come a day when interest rates on non-PIIGS IOUs will rise. That will be the day of reckoning for the vampires. It will also be the day of decision by the zombie central bankers. Accommodate or not? Mass inflation or the Great Default?
My guess: mass inflation. Only when hyperinflation (above 25%) is the next stage will central bankers make a serious attempt to cut off the funds. That is years down the road. The game of kick the can will continue.


http://lewrockwell.com/north/north1106.html

[Book]

http://unamusementpark.com/wp-content/uploads/2011/05/march_20_mob.jpg

Can't keep them from crossing the New Orleans Bridge anymore.

Can't have a Neighborhood Watch anymore.

::) offer them a shiny silver coin when they politely knock on our door

[gunDriller]

offer them a shiny silver coin when they politely knock on our door

or get a big color TV off of Craigslist Free Stuff. if they come begging - let them have a TV.

if it doesn't work - doesn't matter. it's not like they're going to insist on TESTING it before they haul it away.

carrying a 100+ pound TV down the street can keep them occupied.

[solid]

or get a big color TV off of Craigslist Free Stuff. if they come begging - let them have a TV.

if it doesn't work - doesn't matter. it's not like they're going to insist on TESTING it before they haul it away.

carrying a 100+ pound TV down the street can keep them occupied.

I was going to suggest fried chicken. A TV is a better idea though, longer storage life.

[gunDriller]

I was going to suggest fried chicken. A TV is a better idea though, longer storage life.

well, how about a box with a "fried chicken" label ? glued tightly shut, with dirt inside, not too much so it's the right weight, keep it in the freezer.

then at riot time you just put the TV on your front lawn with the box of frozen chicken dirt (infinite storage life - as good as a pet rock :) ) on top.


are we theoretically preparing for riots, cold-prowl burglaries, or hot-prowl burglaries (also known as home invasion robberies) ? i guess one needs to be prepared for all exigencies. 8)

except perhaps UFO abductions, those are hard to prepare for.

[ximmy]

I've told several people about their 401's and IRAs and other stock investments,

it's going by-bye and there is not going to be anyone to sue or collect from.

They just brush it off.

[Neuro]

well, how about a box with a "fried chicken" label ? glued tightly shut, with dirt inside, not too much so it's the right weight, keep it in the freezer.

then at riot time you just put the TV on your front lawn with the box of frozen chicken dirt (infinite storage life - as good as a pet rock :) ) on top.

are we theoretically preparing for riots, cold-prowl burglaries, or hot-prowl burglaries (also known as home invasion robberies) ? i guess one needs to be prepared for all exigencies. 8)

except perhaps UFO abductions, those are hard to prepare for.
Be mentally prepared for the fake UFO abductions. If they don't bring you beyond the orbit of Jupiter. Most likely it is a fake abduction. If they take you beyond Jupiter in short notice, pray that they are somewhat friendly, or that you die quickly!

[Spectrism]

Be mentally prepared for the fake UFO abductions. If they don't bring you beyond the orbit of Jupiter. Most likely it is a fake abduction. If they take you beyond Jupiter in short notice, pray that they are somewhat friendly, or that you die quickly!

Huh??? I think I missed a few posts that link to this one.

[gunDriller]

Be mentally prepared for the fake UFO abductions. If they don't bring you beyond the orbit of Jupiter. Most likely it is a fake abduction. If they take you beyond Jupiter in short notice, pray that they are somewhat friendly, or that you die quickly!

i don't want to go to Jewpiter. i thought that's where we were going to set up the Israeli penal colony.

[Silver Rocket Bitches!]

Sadly, most Americans are not preparing. Most Americans have blind faith that those in positions of power are going to fix everything and set us on the path to even greater prosperity than ever before.

This right here. Except for freaks like you guys, most people will be slapped so hard by reality when they finally realize that elected officials are powerless against economic forces and have not had their best interests in mind all this time that they will be unable to cope. Add in that at that time their food and meds will be unavailable and they will remember all the chances they had to prep and this society will quickly devolve into a state of lawlessness.

[dys]

Yes, we are living in a dystopian economy. Nothing is real and every happens by decree. People are economically blind and incapable of forming conclusions based on their own real world experiences, present company excluded. But their subconscious mind is screaming in a vacuum, trying to tell them them that catastrophy is imminent. People are unsettled and nervous: their instincts tell them something is very wrong. Their cognitive denial and avoidance reflex overrides their facing the unpleasant reality. We are lemmings

Wealth transfer virtually complete. Top sucks from the bottom. 99% of people have no tangible wealth (i.e. physical gold and silver). All paper receipts will be cancelled. Homes will be siezed by the banks for pennies on the dollar. Banks hold $trillions while workers struggle to pay for gas to drive to slave jobs. 95% have little to no net worth. Most are net debtors. Silver and gold prices cannot rise if the people are too broke to buy them. The bankers hold all the wealth and control the money printing. Banks creating power money at will to finance government deficit spending to maintain economic activity at subsistence levels while private sector whithers from taxes and cost push inflation. Public workers paid two and three times private workers. Leakage of new fiat money into economy is via public workers salary and benefits. End game approaches: private citizenry broke, subsidence existence on food stamps and welfare, homeless and in debt. Public workers living large and going through the motions at work, doing nothing and producing nothing. US economy producing nothing but paper money and paper debt. Food prices becoming unaffordable. How has this perversion of society come to be? It is totally artiificial. How and when will it end? FEMA camps for the masses and enslavement of mankind by the superrich and powerful elite few? Or will it be revolution and massive reset, the historic antidote to extreme wealth concentration?

Buddy I'm hoping against hope that we get one more good run before everything falls apart. I'd love one last comeback and another 10 years of being able to afford basic necessities.
As far as most Americans not preparing, most Americans CAN'T prepare. Speaking for myself, my income is 1/3 of what it was a few years ago, if I didn't have savings I would have been totally screwed. But those savings will run out soon enough.

dys

[EE_]

Where Has All the Trading Gone? Volume Hits 4-Year Low
Published: Tuesday, 10 Apr 2012 | 1:22 PM ET Text Size By: John Melloy

It’s one of the biggest mysteries on Wall Street. How can stocks be in their fourth year of a bull market and trading activity be so low?

During March, average daily volume in equity shares was at their lowest level since December 2007, according to new data from Credit Suisse. This is the same month that marked the three-year anniversary of the bull market that caused the Standard & Poor's 500 to double from its March 2009 credit-crisis low.

Credit Suisse tried to solve the riddle by blaming the growing popularity of options and futures markets , a drop in high frequency trading and stock splits.

“There’s no way to sugar-coat it: Volumes are down and trending lower,” wrote Ana Avramovic of Credit Suisse, in a note to clients. “A growing preference for other asset classes may be drawing money away from equities.”

Daily equity volume in March was 6.59 billion shares a day, the lowest since a sub-6 billion volume month in December 2007, according to Credit Suisse. (The firm adjusted December 2011’s low figures to account for the holiday-skewed week.)

Avramovic noted that options and futures volume set a record in 2011, as investors hungry to add risk looked for a place where they could use leverage.

“The options market has been breaking records for nine straight years and the shift has been a growing field that provides protection and leverage,” said Pete Najarian, co-founder of TradeMonster.com, an options and equity brokerage.

The Credit Suisse analyst also notes that high-frequency trading, which accounts for half of all market activity, has been on the decline since last summer. What’s more, Citigroup [C 32.86 -1.11 (-3.27%) ] alone accounted for 7 percent of all volume in the second half of 2009 before its 10 for 1 reverse split, according to the report.

But the answer may be simpler than this. After two vicious bear markets in a decade, the average investor simply doesn’t trust this market anymore.

“There is no fresh money going into the markets,” said Doug Kass of Seabreeze Partners. “Why should we be surprised the retail investor is not there? We’ve had two huge drawdowns in stocks since 2000, a flash crash two years ago and real incomes are stagnating.”

Stock mutual fund flows are negative on the year despite a double-digit percentage gain for the S&P 500 in 2012. Meanwhile, bond funds of all kinds keep garnering more assets, even with interest rates in the basement.

Some investors blame financial regulation for the poor volume, saying it has restricted trading activity by the major banks. But others believe the banks — and their hand in causing the worst financial crisis since the Great Depression — are ultimately to blame.

“The financial industry has placed itself above the investing public ("muppets") and will take every advantage it can secure,” said Alan Newman, author of the Crosscurrents financial newsletter. “The public's confidence has been shattered, possibly beyond repair.”
http://www.cnbc.com/id/47005811

[Neuro]

I think the High Frequency Trading Machines, need real flesh and blood investors to rip off! They are probably preprogrammed not to fore-run PPT and major banks (that run the HFT machines)... Anyway low volume is a good sign the Bull is running out of steam... BTW wasn't it around December 2007 that the market turned?

Edit: Yes it was!

http://chart.finance.yahoo.com/z?s=%5eDJI&t=5y&q=l&l=on&z=l&a=v&p=s&lang=en-US&region=US

[Cebu_4_2]

Was prior to Thanksgiving 2007 that I lost about 50%, pulled half of that out and tried to make some back with dismal results.

Had to live using savings and selling assets, that ran out. Am I alone in this scenario? I don't think so, I made my living trading and avoided many pitfalls that others didn't believe possible such as the market being manipulated. Every one of my trading friends and partners are in the same boat. Some worse than others that borrowed against their homes in hopes of riding the never ending storm out.

[mamboni]

You can't trade these markets - they are rigged. The FED and it's Wall Street minions buy, sell, short and log with coordination and cartel-like control. This is a crooked poker game and we are the marks. The only way to win is to not play and wait for the crroks to get their comuppance. My paper holdings are static, 80% gold and silver bullion and 20% gold miners. I've decided to let it ride and play the long term. Trying to time the dips for small gains is very dangerous. Gold can take off at any time. Each day, more and more people realize that the paper game is finished and the only refuge for wealth is gold and silver and mining shares. A day like today where the DOW is down big and gold is up strong will become the norm in time.

[Twisted Titan]

For those of us on a shoe string budget the strategy is as follows.

Grab a few Merrcury Dimes each week 5 dimes a week is very doable amount as we piss that money away without even thinking about it.

When you buy food always pick up a extra can of something that you eat . Its a great way to keep a pantry stocked.

shop at dollars store for low buget staples ( tin foil, cheapo detergent,candles etc). they are great barter items without trading your high end stuff.

Those of us in the skilled trades Keep your eyes peeled for supplies at your job that the boss no longer cares for. ex I have TONS of hospital grade examination gloves, Medical tape etc ( when the grid goes down Medical supplies of any stripe will dam near be priceless).

The bottom line is making sure you are constanly percuring something because when the hammer falls said items will be a bargining chip to get something that you need.

[gunDriller]

A day like today where the DOW is down big and gold is up strong will become the norm in time.

yeah, gold broke out of that "Follow the Dow" straitjacket !

good to see Au strong @ $1660.

of course i wouldn't mind another dip to $1610. :)


http://www.bloomberg.com/markets/stocks/world-indexes/

EU markets were WAAY down today. back in panic-stricken shit-in-pants mode.

England (FTSE) down 5% (4.98%).

Germany (DAX) down 2 1/2 % (2.49%).

Spain down 3% (2.96%).

Italy was down 5% ("FTSE MIB" 4.9%).

http://www.businessinsider.com/italys-ftse-mib-down-over-4-2012-4


then the US joined the party, down a solid 200 points.

the Dow Gold ratio took it on the CHIN today.

[madfranks]

Where Has All the Trading Gone? Volume Hits 4-Year Low
Published: Tuesday, 10 Apr 2012 | 1:22 PM ET Text Size By: John Melloy

It’s one of the biggest mysteries on Wall Street. How can stocks be in their fourth year of a bull market and trading activity be so low?

The answer is not difficult to comprehend at all. The private sector is not investing. Excessively low interest rates discourage saving. Why would anyone put their money in a CD that's currently paying 0.46%? Second, banks are not lending to the private sector, they are lending overwhelmingly to governments.


For the first time, Wall Street’s biggest bond-trading firms hold more U.S. Treasuries than corporate securitieshttp://www.businessweek.com/news/2012-01-25/dealer-u-s-bond-holdings-top-corporates-for-first-time.html

The game is simple: they borrow from the fed at 0.25%, then loan to governments at ten times that, as much as the gov't wants. They love this kind of leverage. The effect is the draining of real capital out of the real economy in order to keep the bloated over-spending government afloat. While the rest of us cut back and tighten our belts, the gov't runs record breaking defecits. Where does the capital to fund these defecits come from? We wouldn't have 10% unemployment if this capital were being put to use in the real economy rather than being blown by uncle sam.

[millwright]

For those of us on a shoe string budget the strategy is as follows.

Grab a few Merrcury Dimes each week 5 dimes a week is very doable amount as we piss that money away without even thinking about it.

When you buy food always pick up a extra can of something that you eat . Its a great way to keep a pantry stocked.

shop at dollars store for low buget staples ( tin foil, cheapo detergent,candles etc). they are great barter items without trading your high end stuff.

Those of us in the skilled trades Keep your eyes peeled for supplies at your job that the boss no longer cares for. ex I have TONS of hospital grade examination gloves, Medical tape etc ( when the grid goes down Medical supplies of any stripe will dam near be priceless).

The bottom line is making sure you are constanly percuring something because when the hammer falls said items will be a bargining chip to get something that you need.

Good advice Twist. Only problem for me is this. I started puting things back well over 4 years ago. Im f*ckin burnt out on this sh*t. Never thought it could go on this long. I recently threw away over 100 cans of food that i never got around to eating. Still have the bulk of it though.Hundreds of pounds of rice and beans put up in mylar, that stuff will be good for another 20 years. Bought a Berkey late last year. I also replenished my anti biotics, as well as another 1000 rounds of hollow points in .380,9mm and .40 caliber. Put up two 55 gallon drums of fresh water as well.

Then there is the fuel. Still have 120 gallons of diesel and 55 galons of kerosene that i put up almost 4 freakin years ago. Im tired of this sh*t. I just recently landed my first real quality job in over three years. Im making 20 an hour with full bennies right here in Northern KY. I think the wife and I are going to start living our lives again, even if just for a little while. Too much doom and gloom ,almost 5 years of it. Time to live a little im thinkin.

MW

[ximmy]

Good advice Twist. Only problem for me is this. I started puting things back well over 4 years ago. Im f*ckin burnt out on this sh*t. Never thought it could go on this long. I recently threw away over 100 cans of food that i never got around to eating. Still have the bulk of it though.Hundreds of pounds of rice and beans put up in mylar, that stuff will be good for another 20 years. Bought a Berkey late last year. I also replenished my anti biotics, as well as another 1000 rounds of hollow points in .380,9mm and .40 caliber. Put up two 55 gallon drums of fresh water as well.

Then there is the fuel. Still have 120 gallons of diesel and 55 galons of kerosene that i put up almost 4 freakin years ago. Im tired of this sh*t. I just recently landed my first real quality job in over three years. Im making 20 an hour with full bennies right here in Northern KY. I think the wife and I are going to start living our lives again, even if just for a little while. Too much doom and gloom ,almost 5 years of it. Time to live a little im thinkin.

MW

This is epic... a true failure of prepping that everyone should learn from. Probably 1000's of dollars have or are being wasted here because one basic rule is not followed.

Use what you store, store what you use.

[Spectrism]

It is very hard to face life in this slow motion train crash. The bible says something about the devil wearing down the saints. I see my job turning to $&@%#^ as management begins to panic. Naturally they are pressuring the underlings. I have to step back in my mind and say "your problem, not mine". I KNOW that desperation will get so bad that the company will cut way back. This will be true for most. Know it now and be ready to say- no problem... I only have to stay in this world until my time is done.

There is only one source of true peace. When things get bad, you can always turn to the Prince of Peace and your mind will take on an unnatural ease.

[millwright]

This is epic... a true failure of prepping that everyone should learn from. Probably 1000's of dollars have or are being wasted here because one basic rule is not followed.

Use what you store, store what you use.

Uh this is hardly epic. A hundred or so cans of fruit and veggies is not exactly 1000s of dollars. Less then 100 probably. Maybe you should go back and re read my post.

The point i was trying to make was this. Being prepped is good, but living life is better. Im packed up to the backup. Armed to the teeth, enough food and water to last for months etc.

[osoab]

Gold can take off at any time. Each day, more and more people realize that the paper game is finished and the only refuge for wealth is gold and silver and mining shares. A day like today where the DOW is down big and gold is up strong will become the norm in time.

And gold's red-headed step child didn't follow. Nice that it stayed basically even. Blythe must be working overtime.

[Twisted Titan]

Good advice Twist. Only problem for me is this. I started puting things back well over 4 years ago. Im f*ckin burnt out on this sh*t. Never thought it could go on this long. I recently threw away over 100 cans of food that i never got around to eating. Still have the bulk of it though.Hundreds of pounds of rice and beans put up in mylar, that stuff will be good for another 20 years. Bought a Berkey late last year. I also replenished my anti biotics, as well as another 1000 rounds of hollow points in .380,9mm and .40 caliber. Put up two 55 gallon drums of fresh water as well.

Then there is the fuel. Still have 120 gallons of diesel and 55 galons of kerosene that i put up almost 4 freakin years ago. Im tired of this sh*t. I just recently landed my first real quality job in over three years. Im making 20 an hour with full bennies right here in Northern KY. I think the wife and I are going to start living our lives again, even if just for a little while. Too much doom and gloom ,almost 5 years of it. Time to live a little im thinkin.

MW

Dude live your life as you have definately earned your stripes.

Any in that pantry that you no longer care for......I will PM you my address :0) I will even cover shipping

[Horn]

This is epic... a true failure of prepping that everyone should learn from. Probably 1000's of dollars have or are being wasted here because one basic rule is not followed.

Use what you store, store what you use.

Creation of the prepping meme and propaganda was launched by big banks for the masses in 2006 for the critical juncture in 2008 to insulate and hedge the market.

If all goes as planned they should have everything capitalized towards gradual inflation by 2013.

There's a pretty good chance it won't go as planned.