Guest Post: Time To Choose

Tyler Durden's picture

Via Adam Taggart of Peak Prosperity,

Whether you're aware of it or not, a great battle is being waged around us.

It is a war of two opposing narratives: the future of our economy and our standard of living.

The dominant story, championed by flotillas of press releases and parading talking heads, tells an inspiring tale of recovery and return to growth. 

The other side, less visible but with a full armament of high-caliber data, tells a very different story. One of growing instability, downside risk, and inequality.

As different as they are in substance, they both share one fundamental prediction and this is why you should care: This battle is about to break. And when it does, one side will turn out to be much more 'right' than the other. The time for action has arrived. To position yourself in the direction of the break you think is most likely to happen.

It's time to choose a side.

The Case for Playing Offense

The past several months have seen a surge in positive stories celebrating the U.S. emergence out of recession and back to solid economic health.

1) Tapping into shale oil and gas deposits is ushering in a new energy boom. Domestic energy production is on the rise, creating jobs and increasing exports, while reducing our dependency on foreign suppliers:

U.S. close to energy independence by 2030 (UPI)

The United States may be close to self-sufficiency in energy by 2030 because of a "shale revolution" in the country, said BP's chief executive officer.

2) The stock market is thriving, with several indices at record highs. Corporate earnings and investor confidence are booming, and the expectation of a Great Rotation of massive amounts of capital from low-yielding bonds into the stock market is high:

BofA Declares: The Great Rotation Is Here (BusinessInsider)

The big theme of 2013 – according to investment strategists at shops across Wall Street – will be the "Great Rotation," a massive move out of bonds and into stocks.

Economic growth in the U.S. is expected to accelerate, facilitating the shift.

3) The global economy has made it out of the woods and is increasingly robust. In the US, the unemployment rate is down several percent from its recession high. The fiscal cliff was averted. The 2013 deficit has been reduced below $1 trillion for the first time in five years. The crisis in Europe has been successfully managed.

Groupthink in Davos: The Financial Crisis Is Over (BusinessWeek)

There is no official declaration, or even a formal survey. But the chatter at the World Economic Forum in Davos, Switzerland, is about the end of the financial crisis that began in 2008 and dragged on through last summer’s spike in Spanish and Italian government bond yields. “There’s a crystallization of thought that the financial crisis is over,” says Scott Minerd, managing partner and chief investment officer of Guggenheim Partners, a Santa Monica (Calif.) firm with about $160 billion under management.

4) Housing, the engine of consumer wealth, is in recovery. Home prices are on the rise after years of punishing declines. And a rebound in consumer spending is visible across a wide spectrum of home-related services:

Housing Packs Punch for U.S. Growth in 2013 and Beyond (Bloomberg)

The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond.

Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are buttressing bank balance sheets, giving them greater leeway to lend. And rising property- tax revenue is fortifying the finances of state and local governments, alleviating pressure on them to cut budgets.

“The housing recovery will kick into a higher gear as the year progresses,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. “We’re going to get a lot of juice from the channels” through which it affects other parts of the economy.

5) Jobs are being created and consumer income is on the rise. U.S. personal income recently experienced its biggest increase in eight years. Non-farm payrolls have increased every month for the past two years. There are increasing examples of local job markets experiencing a true employment "boom":

Silicon Valley job growth has reached dot-com boom levels, report says (Mercury News)

"Employment growth in Silicon Valley is impressive, very impressive," said Russell Hancock, president of Joint Venture Silicon Valley. "Some might even say the job growth is cause for euphoria."

Last year, the nine-county Bay Area added about 92,000 jobs, according to the study. Of that total, Silicon Valley -- defined as Santa Clara and San Mateo counties -- accounted for 46 percent, or 42,000 jobs.

"This is prodigious job creation," Hancock said. "The growth is crazy and it's getting crazier."

A Rosy Picture

Taken collectively, it's hard not to feel optimistic even strongly so about our future prospects. With these messages constantly being delivered and reinforced, it's little wonder that the status quo is not under attack. That the energy behind the Occupy movement has dissipated. Because a better tomorrow lies ahead, right?


The Case for Defense

As alluring as the offensive narrative sounds, it contradicts starkly with the preponderance of underlying data. Data that requires some but not too much digging beneath the headlines.

In counterpoint to the above narrative, a sampling of this data reveals the following:

1) Expensive oil is here to stay and will handicap economic growth for decades to come. Peak Oil is alive and well, despite the "shale miracle". The four major global oil producers, including BP, continue to report declining total production numbers despite more than doubling well drilling activity since 2007. Gas prices this February are the highest they've been in history:

Consumers Taking Financial Hit From Rising Fuel Prices (CNBC)

Consumers have been spending more on gasoline than they have in nearly three decades. 

With pump prices at their highest level on record for this time of year, the stage is set for an even greater climb in gasoline prices and expenditures than in 2012. Retail gasoline prices have surged 17 cents in a week to top $3.50 a gallon on average, posting the highest prices on record for the beginning of February

Meanwhile, the U.S. Energy Information Administration reported Monday that gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4 percent of income before taxes. This was the highest estimated percentage of household income spent on gasoline in nearly three decades, with the exception of 2008, when the average household spent a similar amount.

2) Financial security valuations are dislocated from the fundamentals of the underlying companies. The trillions of dollars of liquidity pumped into the market by the Fed is, yet again, blowing asset bubbles in stocks and bonds. Respectable veteran investors from Bill Gross, to Jeremy Grantham, to Jim Rogers, to Bob Janjuah, to John Hussman are warning of a coming calamitous correction. Corporate insiders, despite their proclamations of record profitability, are voting with their feet and selling over 9 times more of their company stock than they are buying:

Sucker Alert? Insider Selling Surges After Dow 14,000 (CNBC)

Insiders have been pulling out of stocks just as small investors are getting in.

There have been more than nine insider sales for every one buy over the past week among NYSE stocks, according to Vickers. The last time executives sold their company's stock this aggressively was in early 2012, just before the S&P 500 went on to correct by 10 percent to its low for the year.

"Insiders know more than the vast majority of market participants," said Enis Taner, global macro editor for "And they're usually right over a long period of time."

3) The economic "recovery" is anemic at best, and skewed heavily to the top few percent. December saw negative GDP growth and last week saw the persistently-high unemployment rate creep back up. December's reported personal income increases was primarily a one-time event, as companies sought to pay out excess income and dividends in advance of anticipated 2013 income tax increases. Payroll taxes will rise on all employees, but carried interest and capital gains rates (how the wealthy earn their income) remain unchanged at historically low levels. Nearly two-thirds of Americans now expect anemic economic growth to define our "new normal" way of life:

Bad Economy Is New Normal, More Americans Say (Huffington Post)

More Americans believe today than they did two years ago that their country will never fully recover from the Great Recession.

Fifty-six percent of Americans surveyed by the John J. Heldrich Center for Workforce Development at Rutgers University in August 2010 said they believed the Great Recession would permanently change the economy. In a January follow-up survey, 60 percent of respondents agreed with that sentiment.

"Five years of economic misery have profoundly diminished Americans' confidence in the economy and their outlook for the next generation," Rutgers professor and survey co-author Carl Van Horn said in a statement.

Most survey respondents -- 73 percent -- had either lost their jobs or knew somebody who had. More than half said they have less money than they did before the recession, and 61 percent believe they will never fully recover.

4) The housing market will not return to its former glory. With no real wage growth and further de-leveraging still needed, the consumer is not driving the modest price growth seen in many housing markets; instead, hedge funds are they are buying up huge tracts of foreclosed homes, renting them out, and securitizing those rental streams. This will not result in the competitive bidding by multiple parties that drove the appreciation pre-bubble collapse. In fact, the entire concept of looking at a house as a financial investment is eschewed by the founder of the Case-Shiller Housing Index:

Shiller Sees No Major Rally in U.S. Housing Market (Bloomberg)

"Housing traditionally is not viewed as a great investment. It takes maintenance, it depreciates, it goes out of style. All of those are problems. And there's technical progress in housing. So, new ones are better."

"So, why was it considered an investment? That was a fad. That was an idea that took hold in the early 2000's. And I don't expect it to come back. Not with the same force. So people might just decide, "Yeah, I'll diversify my portfolio. I'll live in a rental." That is a very sensible thing for many people to do."

5) Our trading partners are as bad off, or worse, than we are. Global markets have rallied in recent months as the news from Europe grew quiet despite no real resolution to the core problems occurring. And in recent days, fresh concerns about forex rates hurting competitiveness, crushing unemployment, and excessive debt have erupted. Meanwhile, Japan is everyone's leading candidate for the first developed nation of the 21st century to implode under its debts. And China, whether it is able to avoid a hard landing or not in the short term, is staring at a mid-term food and water crisis that it has no solution to.

Europe's Crisis Not Over Say Bankers, Policymakers (Reuters)

International bankers and finance ministers warned on Saturday that Europe's crisis was not over even though the euro currency is now stabilized, it will take years to overcome economic malaise and mass unemployment in Europe.

After a private meeting of leading commercial bankers, government officials, central bankers and trade union officials, Swedish Finance Minister Anders Borg told Reuters: "There is a clear divide between the financial markets, who think a lot of this is fixed, and the people in the real economy and particularly from our side as the governments."

6) The risk of external shocks is under-appreciated and unplanned for. Currently financial markets and our just-in-time national distribution systems are geared for clear sailing ahead. Unexpected developments like superstorm Sandy, a Fukushima-like event, or an oil price spike could easily send prices and availability of goods swiftly awry. For instance, the global drought continues, engulfing nearly 100% of Kansas, Colorado, Nebraska, and Oklahoma in extremely dry conditions. The UN warns that prices worldwide could easily spike this year, as world grain stocks are near historic lows:

World food prices stable, low stocks pose risk of spikes: U.N. (Reuters)

World food prices stabilized in January after falling in the previous three months, the United Nations food agency said on Thursday, but it warned that adverse crop weather could cause violent price spikes due to tight grains stocks.

Global food prices surged in mid-2012 following the worst U.S. drought in more than half a century and dry weather in other key grains exporters, raising fears of a food crisis similar to the one in 2008.

"The weather could turn negative, and because we are in a tight situation, prices could react violently and rise," FAO senior economist Abdolreza Abbassian said.

FAO raised its estimate for world cereal use in 2012/13 by 0.6 percent to 2.326 billion metric tons, up nearly 13 million metric tons from the 2011/12 season.

A weaker dollar is boosting demand for dollar-denominated commodities, Abbassian said, and rising oil prices will underpin food prices in coming months, he said. Higher energy prices increase transport costs which farmers pass on to consumers.

Sobering Thoughts

Sadly, this list could stretch longer if I didn't feel the need to end it here to avoid overloading the reader. But suffice it to say that there is certainly enough evidence to at least dispel a material amount of the sanguine outlook of those cheerleading for an offensive stance at this time.

Picking Your Side


Those taking the optimistic view here argue that our economic engine has been running hard to pull us out of the hole we've been in for the past five years. And now that we're back on level track, the engine's built-up head of steam is going to move us forward quickly.

Expect better GDP growth, lower unemployment, higher income, high stock prices, higher housing prices, more innovation, and lower energy prices.

If this future comes to pass, you won't want to be left in the dust as the party roars past. Get on the train go long, perhaps with some leverage, and bet on America's grit and ingenuity.

To be frank, this has been the winning side for the past year and a half. Those who have sided with the bulls have been rewarded with sizable stock gains and stabilized (or growing) housing prices.


But if, on the other hand, you like me find enough reason in the data for doubting the optimistic case, you need to determine what your defensive plan should be.

The degree of defense you adopt should be based upon your own exploration of the data. Dig further than the samples I could only cursorily provide above. Come up with your own personal assessment of the probability and severity of the downside risks.

If you find you assess the risks at or above the 'moderate' level (which I do), then consider strongly the following guidance:

  • Exchange paper assets for tangible ones. Acquire exposure to the precious metals; we recommend having at least 10% of your net worth in gold and silver (for those new to owning precious metals, you may want to read our buyer's guide). Above that, if possible, invest in productive hard assets. Holdings like farmland, timberland, energy deposits, and mineral/water rights are assets that will produce units that will generate an income for you.
  • Find a sympatico adviser to manage any remaining paper wealth. For many reasons, most of us will still keep a percentage of our wealth in the stock and bond markets (in retirement/pension accounts, 529 plans, etc). If you're in the defensive camp, make sure the adviser managing your money is, too. There are several we endorse, but we're impartial about whether you work with them or not. The important point here is to work with the adviser whose outlook is most closely aligned with yours.
  • Cultivate resiliency. Most Peak Prosperity readers are well-aware of our recommendations here. Start at the individual level to prepare both physically and emotionally so that whatever the future brings, your quality of life is as least impacted as possible.
  • Cultivate community. Whatever your plans, a support network will help you achieve them better, and likely faster, too. Plus, it gives you the added insurance of assistance should your best-laid plans not play out as you expect them to (which happens frequently). Invest in fostering collaborative relationships in your neighborhood, or join existing communities relevant to your location or interests.
  • Defend your income stream(s). Assess your employment situation – how vulnerable is your income? Explore ways to make yourself more valuable to your employer, add additional source(s) of income, and/or create your own business. Steady income makes challenging times much easier to bear by giving you the flexibility to explore different approaches that may work better for the new reality. Without that ability to absorb failure, your options are often much more limited.

If you take the above steps, regardless of what happens, you'll be able to sleep at night knowing that you've acted conscientiously according to your convictions. And in the event the bulls turn out to be 'right', few of these steps will serve you poorly. In a secular bull market, hard assets should still appreciate measurably. And personal and community resiliency is always a net positive, regardless of the economic environment.

But if the bulls turn out to be the ones in error, the value of these actions could be priceless.

So get to it. Do your own personal calculus of the risks. Determine where you need to be positioned. And take the necessary steps to get well-situated where you assess you need to be.

It's time to choose a side.

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Landotfree's picture

The author is confused.

The only real choice is how you act individually during the collapse and pending liquidation.   Avoiding the liquidation is an impossibility.   There is no choice for that, that choice was made long ago before the author was even born.

The only real choices are these:

1.)  Are you going to join in once the people start liquidating one another?

2.)  Are you going to conform to the status quo during and after the liquidation of the unfunded liabilities in starting the same system over?

Other unfunded walking liabilities really don't have a choice as they will be liquidated before the choice is even available to them.  What the author is talking about is not really choice, it's noise.   Like worrying about getting the flu when a unstoppable asteroid is zooming pass the Moon on it's way to Earth.  

"It's time to choose a side."

Sorry author, there is no side, there is an equation, the end result of the equation is collapse and liquidation of the non-performing unfunded liabiliites.   What has been done has been done, not much I can do about other than to stay out of the way while the two sides whack each other.

joego1's picture

Long term it seems the math is undeniable. The bulls would say we have more time before the liquidation is upon us. I think that it is wise to plan for the worst at this point since it is clear that the financial system will reset. This path allows you to free yourself of this huge lie and actually plan for a practical sustainable future at least at the individual level. I hope that after all the dust settles there is enough of society left to look at who is actually sucessful in the long run of things above and beyond the game of financial hopium we are currently playing.

trav777's picture

the same thing happened in the 80s with the discovery of Prudhoe/N. Slope and the N. Sea.  UK and USA were in collapse and incipient hyperinflation.

Then we reversed our oil production trends, for a time, and a new era of magic wtf prosperity broke out and we FORGOT why we were in such a malaise for so long.  Both of us.

And we got busy on importing 3rd world primitive savage trash and fucked our societies as much as possible.  Now, it seems the US has gotten a deadcat on our oil curve.  So we will rebound because of that.  That is all that really matters in growth economics, ok?

the money and the debt and all of that just RIDES the ability/power to DO things at a certain rate.  Oil provides that.

The US's best course NOW is to inflate like shit, spend the money on solar power and LFRs, deport as many 3rd world primitive savage trash as possible, limit the birthrate of the remaining, and take itself back to standards of conduct and behavior and consumption of the 1950s.

otherwise, yeah, it's gonna go to shit like Haiti and Detroit did and El Salvador.  Once you have critical mass of 3rd world savage trash, you end up there.  Demographics are destiny.

Big Slick's picture

Earlier I wrote a criticsm of this article.  On 2nd thought I think I was being unduly harsh.  

Because I can't delete a post (only edit one)... I'll post something completely unrelated: I heard something today and am trying to figure out its meaning. "God chooses the weak and foolish to confound the strong and wise"  1 Corinthians 27

RichardP's picture

What is your question.  That God should choose to work through the weak and foolish?  Or that God should be interested in confounding the strong and wise?

The Bible says that God accomplishes his will on earth, at least in part, by working through people.  If he worked through the strong and wise, folks would point to the strength and/or wisdom of the doer and say that was responsible for the outcome.  When God works through the weak and foolish, it is not possible to claim that the strength and/or wisdom of the doer was responsible for the outcome (since they have neither).  God is more likely to get the credit in this situation.  Type Gideon into Wikipedia for a discussion of this concept in action.

In the Bible, God gave Sampson unusual strength, so long as he didn't cut his hair.  Likewise, God told Solomon he could ask for anything he wanted.  Solomon asked for wisdom.  The Lord was pleased that Solomon asked for wisdom rather than for wealth or a long life or judgement on his enemines.  (1 Kings 3:5-12)  So I've always been baffled by those who claim that God doesn't like strong/ smart/wise people.  I'll leave it to someone else to explain why God would be interested in confounding the strong and the wise.  Except to say that, perhaps God is only focused on those who claim that their strength and wisdom come from themselves - and is not focused at all on those who acknowledge that their strength and wisdom is a gift from God.

moonstears's picture
1 Corinthians 1:27-29 (New International Version) 1 Corinthians 1:27-29

New International Version (NIV)

27 But God chose the foolish things of the world to shame the wise; God chose the weak things of the world to shame the strong. 28 God chose the lowly things of this world and the despised things—and the things that are not—to nullify the things that are, 29 so that no one may boast before him.

ronaldawg's picture

Oh yeah - that rant's not RAACIST.....

What about the "primitive savage trash" (your words) that emigrated to the US at the turn of the 20th century (early 1900s)?  (E.G. Italians and Irish)  How did they turn out?

The problem is that we are not forcing these "New Americans" to assimilate.  Why it is that my great grandfather who emigrated to the US from the failed Austrian-Hungarian empire in 1902 forbid his children (my grandmother) to speak German?  He wanted his children to be Americans, not German-Americans but Americans.

Why would the current crop of immigrants (illegal or otherwise) not make the same strides as the previous massive influx in (1900-1920)?


Fish Gone Bad's picture

Why would the current crop of immigrants (illegal or otherwise) not make the same strides as the previous massive influx in (1900-1920)?

This is Indian land.  It has always been Indian land.  Yet for some strange reason, all the invaders that came here failed to learn any of the native tongues.   This time is not any different than 1492.

trav777's picture

the FUCK it was.

What the fuck is it with all this collectivist shit?  It didn't belong to some group simply because they were the 2nd set of people to populate it.

the injuns didn't force assimilation...and GOOD THING TOO.  because the m injuns were fucking PRIMITIVE SAVAGES.  Fuck them and their culture, good fucking riddance.

Do YOU want to live like an injun?  Then shut the fuck up.

sadmamapatriot's picture

I gotta agree with you there and I am part American Indian. Some cultures are superior to others, true fact.

Totentänzerlied's picture

"Do YOU want to live like an injun?"

Suggesting all indigenous populations live the same way. Who's the collectivist now?

Your racism amounts to "I need to find a scapegoat for the problems whose true sources I cannot or do not want to learn".

If some Chinese Red Guards showed up and claimed your property, tomorrow, I'm sure you'd be fine with that, no more yours than theirs, right?

Adahy's picture

I try to take you with a grain of salt Trav but know what...nevermind.  It's people like you that teach people like me better self-control; so, thanks, I guess, for being a giant douche or troll, or whatever.
Just remember:  forcing people to be the way you think they should be is not freedom.

trav777's picture

you can continue to persist in denial or at some point you can just face facts:  forcing people to assimilate ONLY WORKS if they have COMPARABLE norms of conduct and behavior as you do!

It was easy for WHITES to assimilate other WHITES...whites have relatively close concepts of the social contract.

contrast that with africans who prefer rape to education for women.  How the fuck are you going to assimilate that?  It drags your society DOWN.  And that is exactly what we see when we import savage 3rd world trash.

It wouldn't have fucking mattered what your grandfather did; he was a fucking german for fuck's sake; they are civilized.

Likewise, there are NO PROBLEMS with asians, are there?  Even east indians are no fucking issue.

It's not IMMIGRANTS, dude, it's WHICH immigrants.  Hatians live the way they do because that's how they ARE.  You cannot just say Hey Mr. haitian, you ought to do things this way and he's gonna say, kind sir, that never occur to me, thank you very much!

WTF will it take for people to get that populations are just different?  they look different, act different, THINK DIFFERENT.  You cannot analogize to west africans what took place with germans or poles.  They're not analogous.

ronaldawg's picture

I'm sorry but I'm a little confused here.  You do know that one of the Japanese justifications for World War 2 was that the U.S. cut off all emigration from Japan in 1935 and 1936.  They cut off all emigration from China a few years before that.  Then the Manzanita nightmare that the U.S. Gov't can't stop apologizing for.

So  Asians "in vogue" now as to their ability to assimilate?  Nice to know.

Hmm - another point - I'm married to a half-white French woman - does half white qualify you to be able to assimilate in America?  Oops I mean "half-brown" - does that disqualify her?  I mean if half of her is an ignorant savage, wouldn't it be better if we deported her now?  She was an illegal alien.....

TPTB_r_TBTF's picture

French are an exception.  In spite of being white, they cannot assimilate.

nofluer's picture

The French think they are better than Americans, but the Americans know better.

The Americans think they are better than the French, but the French know better.

Having lived in the US for a lot of years, and having been to France, I think that the main problem with the french and the Americans is they are just too much alike to get along.

Let the rock throwing from both sides commence!

Vlad Tepid's picture

It seems it is you who are a little confused, sir. The anti-Japanese/Chinese immigration acts had been going on much earlier than the 1930s...and by Manzanita, do you mean Manzanar?  I guess they're all the same when your US history teacher gave you a pat on the head and an A for effort.

You also seem to be implying that the US government shouldn;t stop apologizing for Manzanar...they should be down on their knees morning, noon, and fucking night for stripping due process and half a dozen other componants of the Bill of Rights from US citizens.  Especially since they're gearing up to do the whole thing over again.

It's a pity that your Austro-Hungarian progenitors did not also inculcate your family with a penchant for logic as well as a yen for the English language.  Because then you would realize that your judgement is being clouded by emotion in the vein of "I married and am close to someone that I percieve someone else to be attacking therefore all his arguments are invalid." 


Totentänzerlied's picture

"Hatians live the way they do because that's how they ARE."

Yeah nothing to do with 500 years of colonialism.

"It wouldn't have fucking mattered what your grandfather did; he was a fucking german for fuck's sake; they are civilized."

You have carefully selected the operative definition of "civilized" to confirm your own idiotic opinion. You have elevated your preferences above all others. If you can do this, so can everyone else, whether you like it or not.

RichardP's picture

If you can do this, so can everyone else ...

Yes, everyone can define the word civilized however they wish.  That wasn't the point.  This is:  some civilizations are more valuable to the world in general than others.  Not all civilizations are capable of feeding the world, healing the world, clothing the world.  A civilization that can do any of these things (let alone all three at once) is more valuable to the world in general than those civilizations that cannot.  We are not discussing the why of why some civilizations are less valuable (e.g., colonialism; dearth of natural resources and water, etc.).  We are simply discussing the reality that some civilizations have less value to the entire world, on the whole, than other civilizations.  Regardless of how you define civilization, what I have just stated is a fact.

I think you understood the point before I posted this.

All Risk No Reward's picture

Big Finance Capital is constrained only by one limit - the absolute max limit this Debt Money Tyranny Ponzi can sustain.

That's the end limit.  If I were these criminals, I'd create a false flag event that would trigger the collapse of the economy and ahead of the absolute max limit so that I retained some control on the "when" of the collapse.

Say, blow up some ships in the Strait of Hormuz and blame Iran.  This would send gas skyrocketing and the could constrict credit, collapse the economy and blame Iran.  If they got lucky, they might be able to provoke Iran to blow something up and shut down the Strait.

The media would push that narrartive and the Muppets would blame government for being stupid about Middle East policy.  Arrrrgh!

Right now I see massive societal "hack" programming.  Everyone is said to be getting hacked - the Fed, Bush, etc... 

It won't be surprising then, when your bank account is "hacked" and China is blamed.

Keep your head on a swivel.

Big Finance Capital hasn't just rigged the monetary system...

The Greater Good

Leslie Manookian and The Greater Good Documentary interview - Truth about vaccines

The Corporation: Unsettling Accounts


2.5 PPM Fluoridation Correlates to 7% IQ Drop

The average loss in IQ was reported as a standardized weighted mean difference of 0.45, which would be approximately equivalent to seven IQ points for commonly used IQ scores with a standard deviation of 15.

On, search "Effect of fluoride in drinking water on children's intelligence" and click on the first link.  It should be a .DOC type file.

While many water supplies claim 1 PPM fluoride, you also get it in your food and extra amounts in your teas.  If you exercise and drink lots of water, well, you are getting a lot more fluoride...  and it bio accumulates with lots of nasty side effects including inhibiting melatonin production.  But don't worry, Big Pharma will sell you something that can help you go to sleep now that they screwed up your natural system.

Fluoride Follies by Donald W. Miller, Jr., MD

Look in your area to see who doesn't get the fluoride "goodies."  In the San Diego area, Rancho Santa Fe and Poway don't get the fluoride "goodies."  Rancho Santa Fe is one of the wealthiest enclaves on the West Coast.  Poway is well above average in the wealth department, too.  The banksters couldn't filter their toxic waste through Poway's children so they got the school board to fiscally string them up...

Where Borrowing $105 Million Will Cost $1 Billion: Poway Schools

Fish Gone Bad's picture

Investing in yourself is always a good idea.  The first step to getting your life back is simply turning off the TV.  There are 525,600 minutes in a year.  You get about 350,400 of these minutes awake.  What you don't spend on the road and at work leaves you with 131,400 minutes of your own.  Giving half of your own time (3 hours a day) to television contributes to the decay of each and every American.  Take back your life. Turn off the TV.

Tegrat's picture

Buh buh GoldRush --- im hooked.


Central Bankster's picture

I'm bullish, ebt card usage that is. 

TheMerryPrankster's picture

BTfD the trend is yer friend. Some people look at amrica and see a country half full of People on food stamps.

I figure that means we's half ways there.

SilverIsKing's picture

How about the offensive side is underpinned by 0% interest rates, high unemployment, zillions in debt and undunded liabilities, DHS buying zillions of rounds, etc etc?

Umh's picture

Talk to yourself much?

cossack55's picture

Debt & Growth = Oblivion

lewy14's picture

There is no "EBT in "DEBT"... oh wait... there is, isn't there....

cluelessminion's picture

Is anyone else getting burned out by posts like this or am I the only one?  I get it; the economy is tanked, the gov't is corrupt, we're fighting unwinnable wars, the sky is falling etc., etc.  One can only stay in a state of fear and apprehension for only so long before exhaustion sets in.  I know things are happening as we speak but I don't really know what to do about it and quite frankly, reading about these things is getting a bit tiresome.  I will regret saying this but I'm ready for something to actually *happen*.   Have a nice weekend.

Uber Vandal's picture

These posts make me more thankful each time that my money still buys things, and that there are still things to buy.

I am not sure how long either is going to last, but each day that this still works, or even sort of works, is a super day.

Hopefully, nothing will ever happen, for when it does, I am quite sure no matter how prepared anyone is, the reality of it is not going to be pretty.

"You have food and a roof over your head. Are you not rich?", is something an old Buddhist friend of mine use to say to me when I would rant about things.... Quite right he was.

The Heart's picture

"These posts make me more thankful each time that my money still buys things, and that there are still things to buy."

Gratitude feeds the Wheel of Good Fortune. Truly, we are living in the last dayz of Pompeii. Live well, prosper, and give thanks and grace for each simple blessing at the end of every day in old America.

""You have food and a roof over your head. Are you not rich?"

We have always said that there are two kinds of richness's in the world. One is at pocket, and one is at heart. One you take with you, and one you are only using to better the world or not. Always be glad to say you are rich at Heart when approaching the scales of MA-AT.

Big Slick's picture

"Is anyone else getting burned out by posts like this or am I the only one?"

Better to be 3 years too early than 1 day too late

... in other words, it's better to grow sick of these posts than discover ZH for the 1st time the moment the first garbage can sails through your front window.

Au, Ag, Pb, AK, AR

jimmytorpedo's picture

I can't find AK on my periodic table of emelents.

And what use is argon for TEOTWAWKI?


Dixie Rect's picture

Alaska or Arkansas? tough choice.

/sarc off

DosZap's picture

I can't find AK on my periodic table of emelents

Looking in wrong place, try Kalishnikov.

Big Slick's picture

You didn't think Big Slick was referring to poker did you?  ;)

WmMcK's picture

Anna Kornakova - looks good, but never wins.

trav777's picture

this is what I said in the thread where chavez just fucked Venezuelans by 46%.  Be glad our forefathers and OUR PEOPLE built a nation powerful enough that we can print and not see everything we've saved vaporized like that.

Totentänzerlied's picture

"Be glad our forefathers and OUR PEOPLE built a nation powerful enough that we can print and not see everything we've saved vaporized like that."

You mean like when FDR totally didn't devalue the USD by executive order? Or when the Fed and Congress totally didn't give us devaluable fiat currency?

PS: My forefathers didn't build this travesty of a country. Speak for yourself.

RichardP's picture

He didn't say your forefathers built this travesty of a country.  He said that your forefathers built a country powerful enough to withstand what it has become.  Or, more specifically, powerful enough to withstand what the behaviors of its leaders has become.

You maybe can't see the difference between his statement and yours, but I can.

unrulian's picture

the day after its too late...what good will that power be other than to keep you in line?? maybe your forefathers were right but your grandfathers and fathers let it all go to hell

css1971's picture

It tells you what to do about it.

zapdude's picture

The author gave several ideas of what to do, at least a few of them were very good advice:  physical precious metals, get out of debt and convert paper 'wealth' to real wealth before the liquidation kicks in full steam.

Some of us on ZH have already gone through the emotional cycle of change, and we're finally resolved to execute a personal plan of action and awaken others who are willing and courageous.

You just need to get through this cycle and then chart your course.  Nobody knows definitively what will happen when, but you need to focus your efforts on preparing for the inevitable changes, whether they be far off or imminent.

IridiumRebel's picture

I sit here in the NE and hear about all of nthese people freaking out and gathering supplies.....meanwhile, I already have them. I could be snowed in for weeks and be fine. Same thing goes for this economy. I was exhausted months if not years ago and I have done stuff about it......Prepare. 

nofluer's picture

A Survival Reminder - if the water faucet suddenly stops working, before you panic remember that you have between 30 and 50 gallons of potable water in your water heater... unless you're one of those green freaks and bought an inline on demand water heater in which case (depending on the weather) - sucks to be you.

r101958's picture

What would you prefer? More CNBS?