Love Glenn? Hate Glenn?
WHO CARES?
Someone tell me the downside of keeping a month of food in your home in case of emergencies? I lost over half of my income two years ago and having food on my shelves helped immensely in being able to pay my bills and stay financially solvent from June 2008 to October 2010. It was good enough to let me eat from my emergency month one day a week and save that much in groceries. That food ran out last month, but my circumstances have changed and I am past the bottleneck.
I want to replace that cushion as soon as I can, hopefully over the next few months I will manage to do so.
So again I ask, what is the downside to stocking your cupboard? Growing up we always had 4 to 6 months of food because we raised our own and canned or froze food as it matured.
PeakOil is You
THE Bond Thread (merged)
Re: Glenn Beck warns of US bond crisis, says to stockpile fo
by Tanada » Sun 07 Nov 2010, 22:27:06
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo
by ralfy » Sun 07 Nov 2010, 23:10:36
$this->bbcode_second_pass_quote('deMolay', 'O')h yes yes. Keep drinking the Obama Koolaid. Is America better off with 2 years of Obamanomics? Are you better off. Will printing money bring wealth and jobs to America. The whole rest of the world is very worried about the debt crisis in Obama's America. He is increasingly seen as a buffoon. All talk and no substance. Some are saying the real debt for his year 2009 is 4 Trillion. I think there will be a big new crisis for Obama and his policies. Now that the elections are over and he and the Democrats have been repudiated by the voters, the Chicago scandals will surface again along with all the rest of his misdeeds. He is a warmonger and people will begin to see he is worse than BUSH. As the bills pile on and he keeps printing like Robert Mugabe inflation will hit hard. Soon oil will break $100/barrel again and all things dependant on oil will soar through the roof. The Democrats and |Obama will offer you food stamps and lineups.
Much of the deficit actually came from war and Bush-era tax cuts:
http://www.businessinsider.com/chart-of ... its-2010-6
In terms of the trade deficit, that began during the 1970s and grew worse during Reagan's administration.
And regarding fears of over-taxation:
http://www.forbes.com/2010/03/18/tea-pa ... tlett.html
Thus, what we have is a U.S. economy that made up for peak oil during the early '70s by exporting dollars to buy more oil, then using the same dollars for government, corporations, and citizens to play casino capitalism. All presidents from the late '60s onwards are alike, together with citizens who, like corporations, wanted to move from Main Street to Wall Street in order to live the "American dream" and plan for early retirement.
The results include credit bubbles bursting. After that comes a resource crunch.
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Re: Glenn Beck warns of US bond crisis, says to stockpile fo
by zoidberg » Mon 08 Nov 2010, 00:12:30
$this->bbcode_second_pass_quote('Sixstrings', 'S')ummary:
Basically he says that an insider who he can't name told him that a catastrophic event, which could be anything from failure to raise the debt limit to China not buying US bonds (though I thought they already stopped and are net seller now) would trigger a US bond crisis. This would send yields through the roof, but Europe and the rest of the world would respond by raising their bond rates and so within 13 days the whole world would have a catastrophic meltdown.
Basically he says that an insider who he can't name told him that a catastrophic event, which could be anything from failure to raise the debt limit to China not buying US bonds (though I thought they already stopped and are net seller now) would trigger a US bond crisis. This would send yields through the roof, but Europe and the rest of the world would respond by raising their bond rates and so within 13 days the whole world would have a catastrophic meltdown.
Yea that part of it is off. The Fed would indeed intervene to buy any bonds dumped or not purchased. And indeed China not *only* stopped buying they've sold off 68.1 billion dollard worth of Federal reserve treasuries from Aug 2009 to Aug 2010. Us Gov't Info. Coincidentally Canadian holdings rose 73.2 billion dollars in the same period. UK holdings EXPLODED 344.1 billion, gradupling their holdings. No, I dont know what these numbers means, where the UK found 300 billion to buy us treasury debt, whether the fed gave 'em funny money, whether it was extorted, I dont know. However whatever that game was, its now over, and the Fed is simply stepping in directly, dropping all pretenses and thats what's got everyone jumping around. China only got a fraction of its holdings out relatively safely and now the fed is saying SO sorry but those dollars just arent what they used to be...That Bill Gross guy says the bond market is over. No one is buying and you can sell any amount any time. They will simply print the dollars, worth unpredicatble amounts in other countries, and continually less in America until all foreign debt is retired. Its a bankruptcy sale. Blaming the Chinese will be easy because those guys will probably figure well fuck it then give me everything we want right now, dump the lot and it WILL look like the Chinese started it. Also the longer they wait the less of America they can buy as an ever increasing share of the debt will belong to money printing bank cartel. And owing that debt means owning America, lock stock and barrel.
And all those dollars rolling in for any resource, land or politicians for sale will drive the price out of reach for the local citizenry. Thats why Beck is sounding the alarm, albeit for outdated reasons. It should alarm everyone in the Anglo-American Empire...I'm sure the Canadian dollar is tied to this pig of currency south of the border. It can barely breach parity before being pushed back down.
$this->bbcode_second_pass_quote('Sixstrings', '
')Regarding Beck.. he might have some screws loose, and he might be a fear-profiteer, but he does have a lot of viewers. If he starts telling them to hoard food, that could be a self-fulfilling prophecy.
Yes indeed. It wouldnt take much to cause a panic inspriring shortage if people went panic buying in a large city. Fortunately only a small fraction of people believe in what Glenn Beck believes in to take his advice. Disruptions should be unnoticeable by the largely clueless public until its too late.... But people insist on wearing blinders.
$this->bbcode_second_pass_quote('Cid_Yama', '
')And why would anyone give any credence to anything Glenn Beck might have to say?
Self-preservation?
$this->bbcode_second_pass_quote('PrestonSturges', '
')Not going to argue with any of that stuff because I'm too lazy, but let's fast forward and ask how do feel about be played for a fool by the GOP and the Tea Party? They are backpedling as hard as they can from what they said during the campaign.
Beck is on the record saying the Republicans have one last chance to prove themselves or else find themselves out of a job like the Whigs before them. To where the tea party vote will go is hard to say but its not going to progressive politicians for sure.
$this->bbcode_second_pass_quote('AgentR', '
')Its also a "shot across the bow" to any international bankers that might be tempted to use their US Bond reserves as a weapon against the US economy, essentially saying, yep, you can try; but the FED *will* buy them even if no one else will. ie, if you try to dump a trillion in US bonds, we'll print a piece of paper with 12 zeros on it and give it to you. At that point, you can either try to buy something overseas with it... or you can.. BUY AMERICAN!
I agree with this entirely.
$this->bbcode_second_pass_quote('PrestonSturges', '
')Glenn Beck will reveal "The Puppetmasters" on Monday. I'm guessing it's not going to be about the Republican Koch, Scaife, Cheneys, Bushes, or Coors. No I'm guessing Glenn will be talking about Jews, Jews, Jews.
