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Charting The WTF Economy
America's WTF (certainly not to be confused with Winning The Future) economy summarized in one easy chart.
Conclusion: go long the WTF economy by shorting BAC which is a proud sponsor (courtesy of not having received one cash payment for hundreds of billions in inversely overwater mortgages) of the WTF spread.
h/t John Lohman
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BBQ?
Please rationalize the stance Paul maintains on abortion rights vis a vis personal liberty and state intrusion in our lives. Bonus points for finding a constitutional angle that doesn't inspire laughter.
Please also rationalize Paul's widespread acceptance of Federal funds for his district in light of his stance on Federal spending and a balanced budget.
Then please explain exactly where all the donated money from his numerous failed campaigns ends up.
Just because you like the songs doesn't mean it isn't theater.
+ 100.
Overheard at the coffee line:
"Our house is in foreclosure for 9 months today. It's like a baby."
"Really? How can you sleep at night?"
"I know, riiiight?, but when we stopped paying our mortgage we could finally afford a new bed. So there's trade-offs."
Starbucks inside Safeway.
Don't ever go to a Starbucks inside another store (target,safeway, etc...)
The people who serve you did not get the degree in Coffeeology necessary to work in your regular Starbucks franchise.
Just a friendly heads up, I want that $5 coffee to be all it can be, and made by a skilled, educated American worker.
They always look down on me when I ask for a small black coffee at Star Bucks. I'd feel gay if I asked for a coffee in the accepted Star Buckian parlance.
Gotcha. I was trading a Starbucks whole bean bag in for a free coffee, though. Wasn't that ok?
"Last Friday the S & P ratings Agency dared to downgrade U.S. debt from triple to double ‘A’, and quite rightly. It was not a reflection of the ability of the U.S. to pay their obligations, but of the politics that allowed partisan interests to take higher priority. The message was sent to Congress over the entire period of the ‘debt-ceiling’ soap opera, even by the most responsible of U.S. monetary figures, Treasury Secretary, Timothy Geithner and Federal Reserve Chairman Ben Bernanke –to no avail.When the wrangling finally stopped and an agreement was reached, it was totally inadequate –cutting spending by 1/2 % of GDP against a deficit of 10% of GDP—for addressing the U.S. debt situation. Confidence visibly withered last week ahead of the downgrade and when it came, the emerging world, the largest of U.S. creditors, ran for the hills and announced the world needs a new global reserve currency."
*****
"Like the potatoes mentioned above, the price of gold appears to be shooting up, but it isn’t. It provides a globally accepted measure of value, which in times of financial stress, appears to rise. But the fact that it takes more U.S. dollars to buy gold than before is an expression of the decline in value of the dollar. The acceptance of this reality takes a change of mindset. Such a change is brought about by one or more crises, which forces the change. Ten years of rising gold and silver prices has not brought this about yet, but now that the crises have reached a new plane, the change is coming. Why does it take so long? Our human nature is to look for and find easy and trusted ways to understand markets. Relationships and formulae are found that allow this and then our reliance on ‘experts’ kicks in. Only when these experts fail to produce the results we looked for, do we re-assess this way of working."
http://www.kitco.com/ind/AuthenticMoney/aug092011.html
This graph says it all, "when the going gets tough, the tough go shopping".
American economy: "Snarf snarf."
The Crisis - The legend of 1900 - Ennio Morricone
The July retail sales number wasn't a surprise for those who watch the private weekly retail reports. American consumers indeed were breaking out their wallets in July, and their credit cards.
But keep in mind that the 0.5% m-o-m, 8.5% over the same month last year numbers include imports and are not adjusted for inflation. Real domestic consumption of domestic goods is weak and getting weaker.
Totally off topic:
Start accumulating drinking water. Keep 1,000 gallons on hand per person. Drink the water, but replenish weekly, say you use 7 gallons, buy 7 on Saturday.
That last sentence was probably not necessary.
2020's Drinking Water = 2011's gold.
Remember, think the unthinkable while it is still unthinkable.
I made that up all by myself.
Wouldn't a good filter system make more sense?
Anyhow- let's assume that we wanted to store water like that- in my household, we're talking 5,000 gallons here. I've got a couple of relevent questions with that. First, what does one store that quantity of water in? Second, does it require extra treatment for long-term storage?
I am assuming that since you are promoting this, you have researched it. It's an honest question, as I have considered the situation myself, but came up with filtration.
Pool or cistern. Also you can get some used industrial sized tanks for considerably less than you might suppose (I did not pull the trigger, glad I didn't they would have been destroyed in a disaster that happened recently). The one I was looking at stored 500ish gallons for $375 plus delivery. Yeah, it had corn oil in it before. But then you filter.
These are the new version, I was able to find quick.
http://www.tank-depot.com/product.aspx?id=128
All right- thanks for the link.
Still not sure about long-term storage of the potable water, but I'm definately eyeing up the rainwater collection barrels there for watering the garden, laundry, flushing toilets, etc.
knock yourself out prom, happy filtering:
http://www.builditsolar.com/Projects/Water/Water.htm
http://www.youtube.com/watch?v=1PAC6g9EvWk
http://www.biosandfilter.org/biosandfilter/
Sorry it took this long to respond-hope you see this:
The idea behind the actual gallon's is that they could be used not only for survival, but for exchange-as far fetched as that may be.
As far as storage goes-drink the water and replace it as much as you can for as long as you can.
Hope it never comes to this, just another idea for tangible assets, I'm not a survival nut, just a science fiction buff.
Nice blog, This is very detailed and informative article.
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