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no visible catalyst. the log may not hit the fan all at once.

Discussion in 'Preparedness & Survival' started by Markjz, Nov 29, 2011.

  1. Markjz

    Markjz Longview, WA Member

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    there seems to be a lot of assuming that there will be a big event of some kind that we will see in the headlines, signaling that the SHTF.

    what if it just keeps going the way it is? economic death by 1,000 cuts. I think that would be more deadly like the frog in boiling water parable.

    people will keep thinking that they have time, but the poop is trickling over the fan a little at a time.

    this may be what we are watching wright now.
     
  2. slimer13

    slimer13 Deer Park Well-Known Member

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    I kind of think of it like a dam. Right now there are multiple leaks and cracks that are worsening exponentially but eventualy it WILL burst and there will be no mistaking it.
     
  3. Gunner3456

    Gunner3456 Salem Well-Known Member

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    There is desperate scrambling right now to save the Euro. No one, not even Germany can sell all of the government bonds to finance debt. The US just keeps printing it so no problem until they can no longer control the resulting inflation.

    We are probably going to "loan" Europe about $1 tril to stave off the inevitable, just as our debt default is inevitable. We are spending about 1.5 tril a year more than we take in. The Super Committee and congress have no guts to stop it. We have no budget. In ten years that 1.5 tril will be another $15 tril plus what we need to shore up SS and medicare.

    I think, but don't know, that it will end in massive inflation and that until then we'll just keep printing fiat money to kick the can.
     
  4. tank3d

    tank3d Eugene Member

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    The Super Committee and congress and senate and president have no guts to stop it. ~fixed
     
  5. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    They are all bought and paid for so they have no motivation to do so. Being a financial realist is suicide for an honest politician if there is such a thing. Those that promise the world get an office. Those that tell the truth are shunned and disregarded. The whole process is a puppet show.

    Peter Schiff ran for Senate and didn't have a chance. He told people the way it was and that the dollar and our economy is doomed. He was beaten out by an ex-wrestling promoter lady with no more than 75 IQ points to rub together. Why? Because she told all the classic lies - 'things will get better, your IRA and Social Security are safe; we'll extend your unemployment, lower taxes, etc, etc, etc.

    Just look at the list of losers lining up to be the next president, same as the last, and the one before that; no difference; same agendas. More for the banksters and government, less for you.

    Politics is a complete sham and waste of time. Voting is for suckers. All important politicians do the bidding of the money masters. All are selected, not elected. Sad to watch.

    Many people here are aware of all of this hence very few 'political' threads and that is great. Puppet vs puppet + the masses who have zero say.
     
  6. slimer13

    slimer13 Deer Park Well-Known Member

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    Ron Paul tells it like it is and everyone just gets this glazed over look like there goes crazy uncle Ron again talking about the gold standard and our current unsustainability.
     
  7. A.I.P.

    A.I.P. UpperUS Active Member

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    It was The Fed banksters and Central EU bank that prevented customers from Buying Germany's Bonds which are rated MUCH higher thn Italy's yet Italy out sold Germany. This extortion was to FORCE Germany to play the game and not divorce itself from the Euro like Switzerland did (and is now being OPENLY THREATENED)
    The plan is to have ALL of europe run like Greece and Italy is now being run, by appointed Administrators employed by the World's Biggest Bankers, EU and The FED. If a nation cannot sell bonds, it cannot sustain any capitalistic growth and all of Europe's Govts will fall, to be replaced by Neo-Marxism. This will doom America to the sam fate and of course The Muslims will provide the SS and Gestapo troops to quell any dissent
     
  8. Gunner3456

    Gunner3456 Salem Well-Known Member

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    If pigs could vote for a swineherd they'd vote for the man with the slop bucket every time, no matter how much butchering he did on the side."
     
    Grunwald and (deleted member) like this.
  9. A.I.P.

    A.I.P. UpperUS Active Member

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    Your moment Of Glenn:
    GBTV: What is happening with Europe, the IMF, and more - YouTube

    "The Super Committee and congress and senate and president have no guts to stop it. ~fixed"
    They NEVER INTENDED TO FIX/STOP IT, thier intent is to destroy America!
    Our politicians are not "Stupid", they are not "Misled" and they have "Political Will"
    Thier "Will" is to follow the edicts of Marx and Lenin and they don't care how many millions die in the process because they are Utopian Fanatics and like the Islamo-Facists believe in a Paradise On Earth, made by, and ruled over, by Man, (whom ever has the biggest gun).
     
  10. Gunner3456

    Gunner3456 Salem Well-Known Member

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  11. Gunner3456

    Gunner3456 Salem Well-Known Member

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    S&P Downgrades Dozens of Global Banks

    Written By Dunstan Prial

    Published November 29, 2011 FOXBusiness

    Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC).

    The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks.

    Citigroup, Goldman Sachs and Bank of America Corp. each had their long-term credit rating downgraded a single notch to A- from A. Similar cuts were applied to JPMorgan Chase (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC) and Morgan Stanley (NYSE: MS).

    Dozens of other banks were also affected by S&P’s new criteria and many of the downgrades stemmed from the affected banks’ exposure to the European debt crisis. S&P cited weaker confidence in governments' ability to bail out struggling banks.

    The new criteria for rating banks comes in the wake of criticism leveled at all three major rating firms – Moody’s and Fitch’s are the other two -- that they rubber stamped their highest ratings on investment products loaded with subprime mortgages in the years leading up to the financial crisis.

    Congress has considered reforming ratings system to remove perceived conflicts of interest.

    S&P alerted the markets and the banks of the pending changes in March 2010 and again in January 2011. Analysts praised the ratings firms for their communication with affected banks as the new criteria was being established.

    British banks that also saw downgrades include Barclays, HSBC Holdings, Lloyds Banking Group and The Royal Bank of Scotland.

    However, due to the complexity of the new criteria, ratings for several big European banks, including Credit Suisse, Deutsche Bank, ING and Societe Generale remained unchanged despite the ongoing debt crisis there.

    LINK
     
  12. EZLivin

    EZLivin SW of PDX Well-Known Member

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    The way I see it is the S has already HTF. Just more shovel loads being fed in daily. Some days the scoops are larger than other days. So I tend to agree with the death by 1,000 cuts analogy. But every once in awhile a butcher knife makes the cut instead of a filet knife.

    I still seem to be the only one among family and friends that believes things are going to get much worse, and that we will never return to how things were. It isn't that they are stupid, but probably the hardest thing to change is someone's opinion of the future when they have lived their entire lives under a system that produced better living conditions and stability year after year. These kinds of paradigm shifts only come along once or twice every one hundred years or so, and most don't recognize the shift until it is too late to do anything meaningful about it.
     
  13. mjbskwim

    mjbskwim Salmon,Idaho Well-Known Member

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    OK this was a stupid ,mildly entertaining movie

    Hardwired movie Trailer 2009 - YouTube

    But the thing that struck me was when the guy started talking about how the "corporations" bailed out the US government after the second bankruptcy.

    Again the movie wasn't great but made all this talk really scary.

    You think your government doesn't care about you?
    Wait till the corporations own the US and not just run it as they do now.

    I do appreciate the links provided.I don't go looking for them cause they just boil my blood.
     
  14. A.I.P.

    A.I.P. UpperUS Active Member

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    Most European Powers have closed thier Embassys and recalled thier staffs from Iran following the sacking of the British embassy in Terran. Plans are in the works to boycott Iranian petro products and stop the supply of gasoline going to Iran. The Russians have an aircraftcarrier steaming towards the Med.
    There is a "Mysterious" Iranian Frieghter anchored off the coast of the UK, it has been there a month.
    Iranians vow reprisals against the west.
    Pakistan and Iran share a common border, Pakistan has a long history of Terrorist attacks against The West and Jews.
    Pakistan has nukes.
     
    kenno and (deleted member) like this.
  15. Gunner3456

    Gunner3456 Salem Well-Known Member

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    I wish we'd just turn Iran into a glass parking lot.

    I'm not afraid of Pakistan beyond the help they give the Taliban. They knew where Bin Laden was for 5 years and then bubblegumed when we killed him so they aren't our friends. Their worst enemy is India who shares a border and India has nukes. India hates them.
     
  16. knuckle Head

    knuckle Head southeast Well-Known Member

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    Yeah, it is kind of a mess, prices keep climbing on everything and these clown keep procrastinating and dragging this sh1t out, which insures that when it happens the thousand leaks will cause the dam to burst or paper cuts will chop legs off the elephant and it will crush everything it lands on.
     
  17. Gunner3456

    Gunner3456 Salem Well-Known Member

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    Today's "deal" to bail out Europe was a scam. It was to bail out failing banks. S&P downgraded about 20 banks in the US and Europe this week. I think this is a sign of big trouble.
     
  18. A.I.P.

    A.I.P. UpperUS Active Member

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    I should have posted that UK has ejected the Iranian Embassy,,, from the UK
    as well
     
  19. kenno

    kenno eastern WA Active Member

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    I've changed my mind, Obama is my savior and I'm converting to Islam so I can join the jihad, pass the ribs
     
  20. kenno

    kenno eastern WA Active Member

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    Russia admits defying West by supplying cruise missiles to Syria as U.N. chief says country is in full-scale civil war

    Death toll in Syrian conflict stands at 4,000

    By Will Stewart and Associated Press

    Last updated at 9:24 AM on 2nd December 2011


    Violence: President al-Assad has been supplied with Russian cruise missiles

    Russia last night admitted it had defied the West and supplied Syrian president Bashar al-Assad with a batch of cruise missiles. (As well as a sophisticated Air Defense System)

    Despite warnings today that the country was in civil war and ongoing concerns over terror tactics used against civilians, Moscow will also go-ahead with training the dictator's troops to use the state-of-the-art weapons.

    'Supersonic anti-ship Yakhont cruise missiles have been delivered to Syria,' said an informed Russian source.

    A total of 72 missiles were ordered by Damascus, but Moscow did not make clear how many had been delivered in the recent past.

    'These arms will make it possible to defend Syria's entire coastline against a potential attack from sea,' said another source.

    Israel fears the cruise missiles could fall into the hands of Hezbollah militants in neighbouring Lebanon.
    The US also sought to halt arms sales to the Syrian ruler after his bloody crackdowns on street protests.

    Moscow insists that a deal on the missiles and radar equipment, signed in 2007, is legal under international law.

    With instability growing in the region, Moscow may have calculated that by arming the dictator, it reduces the chances of Western intervention in the country.

    The revelation came as the U.N.'s top human rights official warned today that Syria has entered a state of civil war with more than 4,000 people dead and an increasing number of soldiers defecting from the army to take up arms against the the president.

    Syrian president Bashar Assad has been trying to crush an eight-month-old revolt against his autocratic rule, but the violence has only intensified.
    The U.N. High Commissioner for Human Rights, Navi Pillay, said the death toll for the revolt stands 'at 4,000 but really the information coming to us is that it's much more than that.'

    Heavy arms: A cruise missile similar to those shipped to Syria by Russia takes off during a test flight in the desert

    'As soon as there were more and more defectors threatening to take up arms, I said this in August before the Security Council, that there's going to be a civil war,' Pillay said, speaking today in Geneva.

    'And at the moment that's how I am characterizing this.'
    The scathing criticism from Pillay comes as the pressure piles on Assad from home and abroad.

    The European Union imposed fresh sanctions on Damascus today, while the Syrian opposition called a general strike inside the country.
    The recent spate of economic sanctions from the EU, the Arab League and Turkey are punishing Syria's ailing economy, a dangerous development for the government in Damascus.

    Syrian business leaders have long traded political freedoms for economic privileges in the country, where

    Read more: http://www.dailymail.co.uk/news/arti...#ixzz1fPvEgZ1I