There Will Be No Economic Recovery. Prepare Yourself Accordingly.

[Twisted Titan]

Not that i doubt Stefan because i know the situation is beyond bad.

my question is.

who did the studies as the sources he is citing?


some of them.i really have a hard time wrapping my head around
for ex. The one in which he states 1 in 4 american dosent have acess to 500 in savings.

how was this stat obtained?
how was it verified?

only reason i ask is because i really have a hard time seeing people fillng out any questionre trying to quantify that type of info.

[Carl]

Probably got the stats from institutional sources. The savings rate and amounts would be tracked by the banks.

I've never had a savings account. If you don't hold it you don't own it.....

[mamboni]

Probably got the stats from institutional sources. The savings rate and amounts would be tracked by the banks.

I've never had a savings account. If you don't hold it you don't own it.....

Pay Ponce a 2 cent royalty. He accepts milli-bitcoins or PayPal.

[gunDriller]

i haven't even listened to Stefan's webcast, though i will probably get a chance to this morning.

but we know the basics, regardless of what Stefan says.

we're in the midst of an economic contraction that exceeds that of the "Great Depression" in terms of real economic activity.

of course, there is plenty of fake economic activity. i had 2 medical appointments last year where zero medical service was performed. in one case a doctor refused to examine me, in another a doctor refused to treat me, for treatment of a painful allergic reaction. the bills that followed those appointments were $200+ and $500+. absolutely no service was rendered.

yet those appointments are counted as economic activity.


the political climate is defined by events like 9-11 and the passage of the NDAA - gentiles are expendable, and the US gov. Police State has assigned itself the right to "kill whenever they feel like it".


it's sort of a combination of -
A/ the worst nightmare of a civic rights activist
B/ the worst nightmare of an economist.

all with the sugary cheery coating that can be afforded by modern technology & the Zio-media.

the net result naturally evokes comparisons to -
1984
Brave New World
The Matrix.


in terms of how we respond, i would say that it's good to be aware without dwelling on it, and to focus on real work in the real world.

this morning i get a short break from high-tech, to make some large seedling enclosures for this years' peanuts & sunflowers. i have some shelving to make for an outdoor shop area. nice real-world hands-on sawdust-creating activities which help me remember - even in the midst of a larger historic transition that involves the disappearance of the America we knew last century, real work which results in real stuff and real satisfaction can still go on.


after starting to listen to it, i am realizing that i will have to listen to it about 5 times to fully comprehend it.

i alternate between Doom webcasts, ZZ Top, and Johnny Cash (e.g. Walk the Line, favorite song) when i'm working with my hands.

[Twisted Titan]

j just got a stat from usawatchdog that was absolutely mindboggelling.

He speaks to somebody at FDIC and the following exchange happens.

FDIC has over 10 TRILLION in deposits on the books
FDIC has only 30 BILLION in insurance funding

FDIC HAS a credit line from Treasury for 100 MIllion.

so when the smoke clears there is a grand total of 133 million dollars securing over 10 TRILLION

Who the eff in their in their right mind would keep anything of consequence in the banks?

[gunDriller]

i listened to it about 3 times so far.


i think Stefan was a little too ambitious with his outline when he started to lay this webcast.

he is mixing economic statistics & observations about world affairs.

i think he has done a great job pulling together economic statistics, but i would say he is dead wrong about some of his sociological observations.


e.g. he says that "Violence doesn't work".

i would say that the Violence that has occurred in the past has worked GREAT for the parties who inflict it on the general population.

JFK was a threat to Israeli nuclear power dreams. 3 military snipers made sure to put an end to that. now Israel can be as obnoxious to their neighbors as they want. Violence worked well for them, in the short term.

he mentions the War on Drugs, is if it were supposed to be a "rational project". does he really think the War on Drugs is supposed to be rational ? it criminalizes a plant (hemp) that endangers the profits of both the big pharma & the petro-chemical industries. it creates a Gulag of 2 million American prisoners.

obviously the War on Drugs has not worked well for non-violent drug offenders, but it's not supposed to.

of course, that subject - that of the effectiveness of violence - is both a subject unto itself, AND one that we can not discuss freely.


if i was Stefan's 'editor' i would tell him to outline the subject areas he discusses, and to state the obvious - that it's too much for one 1-hour webcast, so this webcast will be on the deterioration of the economy (for example.)

[madfranks]

Finally got around to watching the vid, and while the information should be nothing new to most of us, it's a sobering reminder to double down on prep plans. Also, at around 12:00 in the video, the statistic that welfare spending equates to $168 per household per day compared to $137 per private household floored me!

[Horn]

Finally got around to watching the vid, and while the information should be nothing new to most of us, it's a sobering reminder to double down on prep plans. Also, at around 12:00 in the video, the statistic that welfare spending equates to $168 per household per day compared to $137 per private household floored me!

Those welfare famalies are larger ones in most cases.

[joboo]

You mean paying debt with more debt does not fix a debt problem?

OMG...ground breaking discoveries going on here!

[Spectrism]

i listened to it about 3 times so far.
i think Stefan was a little too ambitious with his outline when he started to lay this webcast.
he is mixing economic statistics & observations about world affairs.

i think he has done a great job pulling together economic statistics, but i would say he is dead wrong about some of his sociological observations.


e.g. he says that "Violence doesn't work".

i would say that the Violence that has occurred in the past has worked GREAT for the parties who inflict it on the general population.

JFK was a threat to Israeli nuclear power dreams. 3 military snipers made sure to put an end to that. now Israel can be as obnoxious to their neighbors as they want. Violence worked well for them, in the short term.

he mentions the War on Drugs, is if it were supposed to be a "rational project". does he really think the War on Drugs is supposed to be rational ? it criminalizes a plant (hemp) that endangers the profits of both the big pharma & the petro-chemical industries. it creates a Gulag of 2 million American prisoners.

obviously the War on Drugs has not worked well for non-violent drug offenders, but it's not supposed to.

of course, that subject - that of the effectiveness of violence - is both a subject unto itself, AND one that we can not discuss freely.


if i was Stefan's 'editor' i would tell him to outline the subject areas he discusses, and to state the obvious - that it's too much for one 1-hour webcast, so this webcast will be on the deterioration of the economy (for example.)

I have not finished it yet and had the same kind of reaction you did.

At first I was eating all the food he put out... and he stated a PRINCIPLE that violence ALWAYS causes the opposite of the desired consequences. For a moment I accepted this as truth. But then something nagged at me. I brought this concept back up to conscious judgment.

America was founded by violence in opposition to tyranny. Violence on the battlefield wins the battles. Violence in the face of an attacker may save the life of your family. Violence when hunting for food will put meat on your table. Violence against weeds in your garden will allow the desired plants to grow.

I would have to say that Molyneux was wrong about that.

There other thing about this is that he misplaces causes for results. It os government violence against the free market that is inefficient and will usually cause the opposite of supposed intended results. He seems to overlook the one key factor in this- unjust violence. There is a just violence.