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We Warned You It Was Coming

Econophile's picture




 

This article originally appeared in the Daily Capitalist.

U.S. and foreign stock markets took a beating Thursday.

I wish to take this opportunity to thank the Daily Capitalist's DoctoRx who gave us a heads up on the markets starting early in May. In his articles since then he has continuously warned us about the stock market and gave us sage advice on gold, gold miners, and silver investments. The Doc has a strong record of investment success over almost 30 years of investing. He is also Austrian in his views and we are grateful that he is contributing to the Daily Capitalist. 

And, to sound my own horn, hopefully not too loudly, we have been forecasting economic stagnation for quite a while. So while most economists had believed the U.S. economy was headed for strong economic growth, we were warning that this was coming since February, 2010, and the data has borne us out. We believe that our foundation in Austrian theory economics has allowed us to give the only satisfactory explanations of what is occurring in the economy.

 

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Sat, 08/06/2011 - 14:38 | 1531280 Chuck Walla
Chuck Walla's picture

Wait till they find out Uncle Sugar's bribes, I mean welfare checks don't buy shit anymore and the CPI is stuck at 1%(too low to trigger any increase). When they start getting really hungry, this will be fondly remembered as the "good old days".

Fri, 08/05/2011 - 17:35 | 1528331 Widowmaker
Widowmaker's picture

When did the great state of Wisconsin turn so soft??

In my back yard a bunch nigs out of control would be the only casualties.

No security needed, that is a fact.

Call me racist boo hoo! Call Jessie fuck off Jackson, and the NAACP, too!

Fri, 08/05/2011 - 17:35 | 1528343 ping
ping's picture

They prefer to be called 'Criminal-Americans', thank you. 

Fri, 08/05/2011 - 18:49 | 1528410 Widowmaker
Widowmaker's picture

They are all common street punks. They can take a bruising.

Fri, 08/05/2011 - 18:34 | 1528404 nmewn
nmewn's picture

Am I the only one who didn't get a free gun from the ATF?

Fri, 08/05/2011 - 20:58 | 1528813 hivekiller
hivekiller's picture

Ya gotta be with one of de gangs to qualify. You're probably too white.

Fri, 08/05/2011 - 21:20 | 1528949 nmewn
nmewn's picture

Prolly, for this particular batch of thugs. But it wouldn't matter if they were purple to me. There's a reason this kind of crap happens in the north.

In November Wisconsin becomes the 49th state to have a concealed carry law...leaving only Illinois without one.

Criminals prefer unarmed victims, it has always been thus.

Sat, 08/06/2011 - 00:20 | 1529573 Milestones
Milestones's picture

Guess which state the biggest criminal of all came from??     Milestones

Sat, 08/06/2011 - 10:01 | 1530209 boiltherich
boiltherich's picture

Hawaii?

Fri, 08/05/2011 - 22:56 | 1529300 hivekiller
hivekiller's picture

Blacks and Hispanics commit a disproportionate share of crime in this country and everywhere else. In this recent article from the NY Times http://www.amren.com/mtnews/archives/2011/08/murder_new_york_1.php they tracked murders from 2003 to 2009. During that period 60% of all homicides were committed by blacks and 29% by hispanics. That's nothing new. It just hasn't been reported widely. Instead guilty white liberals plead for ever more benefits for minorities while living as far away from them as they can. Fucking hypocrites.

Sat, 08/06/2011 - 08:21 | 1530058 Idiot Savant
Idiot Savant's picture

Crime and poverty are directly correlated. For the record, I live as far away from white trash, as I do black/hispanic trash.

P.S. The really funny shit is that most conservatives, who want to cut benefits for the poor, are vehemently against abortion. WTF? You insist that poor people have their precious crib lizards, because of the sanctity of life, but once the kid is born, fuck him/her, let them starve.

Sat, 08/06/2011 - 09:52 | 1530185 I did it by Occident
I did it by Occident's picture

it's culture, not race.  I have always wondered why asian immigrants tend to do well even if they start out dirt poor.  And black immigrants from the caribean and africa also seem to do well.  The cultures that do well all also tend to put premium on education.  And not to make it racial, white trash culture also keeps poor whites, well poor.  So the driving factor is culture, not race.

Sat, 08/06/2011 - 14:44 | 1531306 hivekiller
hivekiller's picture

Culture is a product of race. Blacks commit crimes because they have lower IQs and hence don't think of the consequences of their actions. They live for the moment and can't think ahead. The average IQ of a black person in America is only 85. The perception you have of blacks is based on the propaganda pumped out by the media and Hollywood. It's part of the false consciousness foisted on this country by Jews particularly over the past 50 years. Put away your liberal blinders and just read some books on the subject such as the Bell Curve, the G Factor, IQ and the Wealth of Nations.

Fri, 08/05/2011 - 20:28 | 1528651 A Lunatic
A Lunatic's picture

All I got was this striped T-shirt.

Fri, 08/05/2011 - 21:10 | 1528887 NidStyles
NidStyles's picture

That's supposed to come with Stainless Steel chains and bracelets too. You might want to call and ask for a refund.

Fri, 08/05/2011 - 17:30 | 1528330 ping
ping's picture

Is that some kind of new unit for gorilla rage? Because in college they taught me to use the 'Belgium full of gorillas' or the 'football field of gorillas'. I hate it when people make up their own measurements.

Fri, 08/05/2011 - 15:44 | 1528024 hivekiller
hivekiller's picture

You need to ask who funded the Nazi party and primed Hitler to take over Germany.

Fri, 08/05/2011 - 16:04 | 1528091 Bear
Bear's picture

Same people who funded FED to takeover USA?

Sat, 08/06/2011 - 09:03 | 1530107 scratch_and_sniff
scratch_and_sniff's picture

Same people who let the S&P crash the housing market and downgrade the US at the worst time possible.

Fri, 08/05/2011 - 15:32 | 1527977 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

Must Read:

8 Reasons Young Generations Around the World Will Not Stand Up or Fight Back for Change....

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/8-reasons-you...

OT: 2 min video...hilarious...

http://www.youtube.com/watch?v=W0Uju3tYS2s

Fri, 08/05/2011 - 15:41 | 1528014 Smiddywesson
Smiddywesson's picture

I don't agree.

They are ignorant, and therefore are easily led.  The Weirmar decade didn't ensure a Hitler, but it did make Hitler possible.  Desperate people will grasp at any solution, even a bad one.   

I can agree they may not stand up for real lasting or positive change, but they will be more than willing to join a riot. 

Fri, 08/05/2011 - 15:44 | 1528027 HungrySeagull
HungrySeagull's picture

I have read of mobs already.

It's time for those who have not considered it to get out of the Cities.

Fri, 08/05/2011 - 19:04 | 1528441 Pay Day Today
Pay Day Today's picture

Get out of the big cities but head to self sufficient towns with good cohesive communities which can look after themselves. <200,000 pop. is probably ideal.

Don't get caught out in an indefensible rural hicksville.

Sat, 08/06/2011 - 16:38 | 1531569 Silver Dreamer
Silver Dreamer's picture

I never thought this would happen, but I agree with Pay Day Today in this regard.  Small communities are best unless you have magically built yourself a small army of folks you can trust at your retreat in advance.  As history has proven in even recent events such as Argentina and South Africa, being secluded is a death sentence.  Those remote places are quickly targeted by roaming gangs, cartels, and other criminal groups.

Fri, 08/05/2011 - 23:00 | 1529312 gwar5
gwar5's picture

.

 

I just moved from the suburbs to a hicksville foreclosure on 5 acres.

Somebody has 300 acres of corn in back of me. Another neighbor has a shooting range and all the guys come to practice and site their guns in. Amish store is just a couple of miles away. A farmers market in the one stoplight town on Fridays. A Cafe Latte just opened up. Families ride their quads down the state road (there's no traffic) to visit friends like they do in Costa Rica. No problems here. We won't notice a thing when the world ends. These people were born ready, and it's far from indefensible, it's an inland fortress. 

I talked to the owner of the little store half-mile up, where fresh tomatoes are 50 cents/lb, and they said lots of new faces are moving in. I think many people are having the same idea.

Sat, 08/06/2011 - 14:35 | 1531267 Chuck Walla
Chuck Walla's picture

Then the only question left is: are you more than a tankful of gas away from any large urban centers?  If so, you got it made. 

Sat, 08/06/2011 - 15:36 | 1531435 HungrySeagull
HungrySeagull's picture

There are signs out west telling tenderfoot drivers to check gas because there aint any for 76 or whatever number of miles down the road they are about to embark on.

Hell times I worried when I finally reached the end of my 300 gallon supply crossing the great west in a 18 wheeler... 1200 miles+ and hunting for a pump that should be working only to end up buying a bit off another deseil tanker passing by.

Sat, 08/06/2011 - 02:39 | 1529805 BigDuke6
BigDuke6's picture

Sad to hear you've totally lost the plot gwar5

i used to enjoy some your posts.

i too hunger for the rural life, like any hard working guy... but i aint going to uproot my family and let the madmax gangs take over my patch in the city just yet.

Fri, 08/05/2011 - 22:09 | 1529152 Mr Drysdale
Mr Drysdale's picture

You may not know this, and not trying to be a smartass, but there really is at least one "Hicksville", located in ohio.

I've been there many times.

seriously.

Fri, 08/05/2011 - 22:04 | 1529146 dwdollar
dwdollar's picture

Haha...  What American city is self-sufficient?  Please let me know.

Fri, 08/05/2011 - 22:07 | 1529145 dwdollar
dwdollar's picture

Haha...  What American city is self-sufficient?  Please let me know.

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