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We Are All Preppers Now
Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of the U.K. Yesterday he tweeted some surprising advice in response to the plunge in global equities markets.;
Advice on the looming crash, No. 1: get hard cash in a safe place now; don't assume banks & cashpoints will be open, or bank cards will work.
Crash advice No. 2: do you have enough bottled water, tinned goods & other essentials at home to live a month indoors? If not, get shopping.
Crash advice No. 3: agree a rally point with your loved ones in case transport and communication gets cut off; somewhere you can all head to.
Evidently, McBride interprets the wipe-out of over $3 trillion in total global market cap during the three-day rout as a prelude to a much broader and deeper financial crash that will precipitate civil unrest.
Just like mid-October last year, the market howls; the Fed panics & puts the dummy back in; and we all pretend it's OK again. It's madness.
— Damian McBride (@DPMcBride) August 25, 2015
Every day the era of easy borrowing persists just means even more loans that won't be repaid when the real crash finally comes.
— Damian McBride (@DPMcBride) August 25, 2015
Today is just the stock market catching up with the terror over defaults that's been gripping the bond market for months.
— Damian McBride (@DPMcBride) August 24, 2015
According to McBride,
We were close enough in 2008 and what's coming is on 20 times that scale.
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The elites are always the last to notice the stink when they're done fouling their own nests, and the first to flee. Thing is, I don't know where this clown thinks he can go.
We're all riding the tiger. Few will get off alive. Anybody who tells you otherwise is selling something.
Gordon Brown of "Browns Bottom" fame. I wonder if this "advisor" advised Mr. Brown to dump all that gold at those rock bottom prices. If he did, he sure has come a long way, enough to get the ear of the Mises Institute.
Have <xxx> for at least for <yyy> days... ROFL. This journey will not end with a return to "normal".
Either you have the intellect, skills and knowlege to survive and prosper or you do not.
http://www.barrons.com/articles/quantitative-easing-redux-1440826605
Quantitative Easing Redux?
Fed officials always try to disconnect the bank’s actions from stock-market gyrations, but history doesn’t support that indifference.
By Vito J. Racanelli
August 29, 2015
If a “rate hike” is Wall Street’s obsession this year, the effective opposite, “quantitative easing,” gets much less mention after three mammoth rounds of central-bank asset buying, or quantitative easing, in the past few years. But what’s that we hear? Another thing the Fed’s Dudley said last Wednesday was, “I’m a long way from quantitative easing. The U.S. economy is performing quite well.”
Fed officials always try to disconnect the bank’s actions from stock-market gyrations, but history doesn’t support that indifference. “It will take less than a 20% decline in U.S. stock prices for the Fed to begin discussing a new round of quantitative easing,” says Darren Pollock, a portfolio manager with Cheviot Value Management.
On several occasions in recent years, a Fed official has stepped in with easing statements following market routs. The Fed knows it can’t let the stock market fall without backpedaling on its tough monetary talk, Pollock says. It must try to keep stock prices from plummeting and pulling down consumer confidence, which could affect the economy.
Stocks recovered big-time last week, but remain vulnerable. Should the market fall some more, Pollock says, “It may force the Fed to do a U-turn and speak of a willingness to provide more stimulus—like QE.”
The Fed won’t let all the effort and money invested in propping up the economy since 2008 go to waste. It won’t stand at the plate and strike out looking. The Yellen put lives.
https://handybobsolar.wordpress.com/
This guy's work with small solar systems is jaw dropping. Just about everything out there is a battery killin' disaster, and the chemistry differences between Sealed Lead Acid and Flooded for instance, mean you gotta have the right specific algorythm to charge your set of batteries, it's not anything you want to trust someone else to set and forget.
Trimetric, burn that in your mind, or you are driving without a fuel gauge, most likely.
Nearly all charge controllers are generally conservatively rated to the point of eventual battery destruction, and, just the tiniest bit of wiring nonsense between your equipment can erase all good engineering. Voltage at the charge controller is not voltage at the battery terminals, etc. A lot of solar system back up generators cost 2.50 per kilowatt to make up for underengineered system demands, I have been watching a friend get murdered on his $20k going to $32k installation in the woods recently...
6 grand in batteries 3 years old already can't keep his 1hp well pump running without watching the bank melt faster than snow in the Sierras, but, he wants me to meet the installer, coming back to add 3 more Kilowatts in panels, because :"I know the questions to ask and I might learn something too, cuz his installer been doing this since 86..."
Q. What koolaid makes rape so hard to figure out?