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Guest Post: What Happens When A Nation Goes Bankrupt
Submitted by Simon Black of Sovereign Man
What Happens When A Nation Goes Bankrupt
Three years ago today, my best friend called me and told me to turn on my television. I remember the way he described it– “Lehman is finished.” The TV showed guys packing up their desks on Sunday afternoon, moving out of their offices forever.
That was the precipice from which financial markets plunged the following day, taking the global economy along for the next three years.
We appear to be at that moment once more.
Greece is out of cash. Again. The Greek Deputy Finance Minister said on Monday that his country only has enough cash to operate for a few more weeks.
As I write this note, French, German, and Greek politicians are all on a conference call, feverishly trying to figure out a way to avoid default. Everyone seems to understand the consequences at stake… given the chain of derivatives out there, a Greek default will completely dwarf the Lehman collapse.
Unfortunately for the bureaucrats, dissent against the Greek bailout plan is spreading across Europe… and leaders can no longer ignore the growing wave of opposition in Finland, the Netherlands, Austria, and Germany.
It’s no wonder, when you think about it. Why should a German hairdresser who retires at age 65 stick his neck out so that a Greek hairdresser can retire at age 50? This, from a continent that was perpetually at war with itself for over a thousand years.
Europe’s great benefactor over the last several months has been China, whose treasury has been buying up worthless European sovereign debt to ensure that Greece doesn’t default.
It’s a testament to the absurdity of our failed financial system when the highly indebted rich countries of the world have to go to China, a nation of peasants, for a bailout.
Speaking at the World Economic Forum this morning, Chinese premier Wen Jiabao delivered a stern message: there is a limit to Chinese generosity, and it will come at a price.
The Chinese will undoubtedly use any further investment in European bonds as leverage to influence western politicians. They already bought Tim Geithner. The US government refuses to label China a ‘currency manipulator’. Similarly, European politicians will now be forced to acknowledge China as a ‘market economy’.
Ultimately, this charade will fail. It’s a simple matter of arithmetic. China could buy every single penny of Greek debt and it still wouldn’t solve the underlying problem: Greece would still be in debt! And more, still hemorrhaging billions of euros each month. Throwing more money at the problem only makes it worse.
Then there are those Greek assets for sale… like state-owned Hellenic Railways Group. It lost a cool billion euros last year. Or the notoriously inefficient, highly unionized, traditionally lossmaking Greek postal service, Hellenic Post. Any takers?
These are not exactly high quality assets… nor can Greece expect to get top dollar in what’s clearly a distress sale.
Over 200 years ago, Napoleon was forced to sell France’s claim to 828,000 square miles of land in the New World in order to cover his war expenses. US President Thomas Jefferson happily obliged, paying the modern equivalent of around $315 million (based on the gold price), roughly 59 cents per acre in today’s money.
According to US census records, there were around 90,000 people living within the territory during that time who literally woke up the next day to a different world. This is the sort of thing that happens when governments go bankrupt.
With the Lehman collapse, a lot of people got hurt… but it was mostly a financial and economic issue. When an entire nation goes bust, the pain is felt much deeper: the most basic systems and institutions that people have come to depend on simply disappear.
Argentina’s millennial debt crisis is a great example of this… suddenly the power failed, the police stopped working, the gas stations closed, the grocery stores ran out of food, the retirement checks stopped coming, and the banks went under (taking people’s life savings with them).
European leaders (with Chinese help) can postpone the endgame for a short time, but they’re really just taking an umbrella into a hurricane. It would be foolish to not expect a Greek default, and it would be even more foolish to not expect significant consequences. The only question is– how are you prepared to deal with what happens?
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Phoenix Capital If you believe that our leaders have even the slightest clue of how to solve the economy’s problems, Obama’s jobs proposal should rid you of your delusion......
oh, they gotta clue, trader
it just doent fit in with their 'vision' of a 'future america'.
LOL. Spot on Simon. Soon coming to Merika.
You got it dead wrong, dude. We are a nation of peasants while China is a nation of slaves.
What's the difference between US consumer and credit and bailout slaves, a.k.a. peasants - and Chinese hard working and saving 50% of their income survivor "slaves"?
I'l tell you: the former are sliding slowly into material and spiritual hell - the latter rising to the top of it.
Time for a New World Order... One World, Under Antichrist, with Slavery and Murder for all!
Thank you Satan!
http://www.youtube.com/watch?v=jqALdkTArqs
Long satan?
oh god, no more Graham Summers please. That lightweight jackass has been spamming Zerohedge with his newsletter ads daily. Not to mention his newsletter is entirely cribbed from other posters.
No ones forcing you to read anything there Popo.
If the US government can force democracy at the end of a gun, I am willing to bet reading would be applicable as well.
Here is my current list of provisions that I cycle through on an inventory program regularly -
- 20 MRE kits
- 10 gallons of water
- 2 month food supply
- 20 gallons of gas
- $1,000 in accorted denominated US currency
- cold weather gear
- batteries
- .38 handgun with 1,000 rounds
- Assault rifle - 500 rounds
- silver/gold
- assorted seeds for different "barterable goods"
- still need to add to my cigarette and booze stock, but it has been last on the list.
Any other basic tenets you would suggest?
and online access for reading ZH.
The fiction "This is John Connor. If you are listening to this,you are the resistance."
has become fact "This is Zerohedge. If you are reading this,you are the resistance. "
I like the machines. They don't judge me like asshole faggot people do.
.22 LR for barter
Knives of good quality steel
Long wearing footware (military boots)
Canvas, thread, parachord
22 not a good idea for barter.....don't trade what could get aimed back at you.
22 lr should be to keep for yourself. Remember, 22 lr cannot be reloaded economically, so at its current price, figure at least 4 bricks per item you have that uses it.
Minimum.
COFFEE
VET, GRADE INJECTIBLES
AND
PLAYING CARDS
BLEACH
TOILET PAPER
AND A MANUAL SKILL
(a smithing skill, butcher, baker or candle stick maker( be worth more alive than dead)
You need more AR ammo.
You need 12 gauge with 1000 rounds.
Get bigger handgun.
Thank you all. I used to think I was crazy, and was told I was crazy, for trying to warn others. I have reserved myself to the idea that we aren't going to get out of this the easy way, so the hard way a cometh. Hope I am wrong, but the calm before the storm seems to have ended and the clouds are rising over the horizon in Europe.
This is going to be one hell of a ride.
it wont be easy doc, but maybe we'll make it through this with our assholes intact...
GODS SPEED!
You are not crazy at all. You are one of the "sane" ones. If you are not checking www.survivalblog.com yet, you should start.
Wouldn't hurt to pick up "Patriots" and "How To Survive The End Of The World As We Know It", both by James Wesley, Rawles, the administrator of that site.
you ARE crazy...all of you madmaxers stockpiling fucking MREs that will constipate you to death along with more ammo than you could possibly carry are fools. I will cackle when we burn your house down and all that stupid shit goes up in smoke or when you are forced to abandon it due to pollution of some kind
Not one of your more intelligent comments. Here's hoping you forgot a sarc tag in there somewhere.
.
dont forget your rape whistle trav
it helps drown out the screaming
/sarc
I guess they believe in the grasshopper and the ant: except there's won't be a few grasshoppers. There'll be swarms of locusts and the locusts are going to take their cake and eat that shit and then eat them and their kids.
.
BUT ILL KEEP MY SHIT JUST THE SAME...
CACHED, IN 5 GAL BUCKETS
IN THE CITY....
LOTS OF PLACES TO HIDE STUFF.
Well, shit, let's not even make any kind of effort then.
Thanks for the advice.
Yea Trav, really moronic. Maybe an attempt at humor, but comes across as nervous titters from someone walking thru a graveyard at midnite.
Note to self - kill trav7777 first, then enjoy survival meals and rest easy in hammock. :)
LOL
I keep telling myself that I am either right, or batshit crazy for thinking these thoughts about what is heading our way. The way I see it, if I'm crazy, nothing can be done about that - but if I am right, lot's of work to do to get ready.
Preppers are currently ridiculed for taking precautions, will soon be attacked for being "lucky" when everyone else is out of supplies and will be the future's heroes when we're done writing the history books.
Historically, they will be demonized as hoarders.
That is why you don't talk about Survival Club.
great point, rodent.
ill mellow out
ty
Truth. Shhhhh.
All that survival stuff you gotta get, this one is way more important: make friends with your neighbors
A 12ga 'slug gun' is a good one to have. Rifled barrel, 3-5 round clip, and around $2-300. Keep in mind if you intend to HUNT, that an AR or almost any semi-auto over 5 rounds will be illegal to use. If you get caught, it's problems with the authorties, a fine, and loss of the gun, probably for good. Saboted slugs or some new slug designs will make the gun effective out to 150-200yds. Plus it will shoot all the standard stuff you would use in a 12ga. but requires more cleaning. A .22 rifle is also a must have for hunting. Sub-sonic ammo makes it about as quiet as a pellet gun. If you need small game or just to eliminate pesty varmints, it is cheap to use and doesn't raise a ruckus like the .38 or AR.
Just some suggestions
More water, 10 gallons can go faster than you think and it's easy and cheap to save and store water.
Up size that pistol. I would suggest a good .45 auto (partial to the Springfield XDM and it's price, or old school 1911) or at least 9mm auto.
Riffle, more ammo and more magazines. At least 1k rounds and 10 magazines, even if you want to move on can always ditch it. Better to have it and not need it and as a recreational shooter 1k rounds goes fast.
If you are planning on staying in one location reloading supplies make shooting cheaper, and kind of fun to have your own loads. But if sticking around I would also deepen the food supply. You mention batteries, so assuming you have flashlights, and a good headlamp is fun to., keeps hands free if need to work in the dark, also matches/lighters. Toilet paper, but then can just buy the big boxes at a big box store, as well as other hygiene and cleaning products.
Sounds good. Looks like my next bonus money is going to be used up pretty quick here.
Hi Dr. Richard Head.
Regarding your bonus money. I'm getting rid of my FRNs as fast as we can tolerate. Laying up hard "assets."
Here's a cheap non-directed light source. Vegatable oil lamp. Get 2-cup clear Pyrex measuring cup with handle. Buy 100% cotton mop head, cut away a 12" strand for a wick. Wrap medium gauge (24 ga.) wire spiraling around the length of the wick. Bend a loop-like base in the wick, set the arrangement at the bottom of the Pyrex cup, then extend the 2 ends of the wick up straight approx 2 inches high from the bottom of the Pyrex cup. These ends will serve at 2 wicks. Pour vegetable oil into the cup, leaving half inch of wick above oil level. Light your wicks. Enjoy light. Oil lamps have been around for thousands of years.
Pluses: Can use all sorts of vege cooking oil including canola, corn, peanut, olive etc. Can use new fresh vege oil, expired rancid vege oil, and used vege oil. Nice handle on Pyrex cup for carrying. Clear Pyrex gives max light. AND, fire hazard is extremely low; if the kids knock over the cup the flames will extinguish in the vege oil.
Far far cheaper than candles. And a mop head full of potential wicks will last nearly a life time.
Good suggestions all from Posters this evening.
Best wishes. Hope for the best, and prepare for the worst.
Thanks FK. That's one of the most useful, easy to remember tips I've learned yet. Another one regarding water capture is to dig a hole, place a collection bowl in the bottom, drape and secure plastic sheeting into the hole weighted with a rock so that the plastic pulls down into a central cone above the bowl and voila, overnight condensation drips into the bowl from the underside of the plastic.
I second the XDM .45. What a weapon!
Medical kit. Some "tea" type candles or long burning votives. Liquid dish soap for you, hotel bars for barter. Salt, multivitamins. hospital or vet type face masks. A second set of good boots, extra undwear, extra socks. 5 gallon buckets for toliet and laundry duties.
You've got a good start, better than most. Buy more AR ammo and +1 to the scattergun suggestion above.
I'll trade you some of my home made Section8 jerky for extra ammo maybe, after the rukus dies down a bit. It will be made with real sea salt, to promote mental vigor!
who the fuck do you idiots envision needing to shoot?
Prolly the next door neighbor who knows they have all this shit.
Cacklers who burn our houses down.
correction: Cacklers who try to burn our house down.
I would imagine people like you who need something to eat. /sarc
Listen, I have no idea how things are goingto turn out at this point. The supplies I am gathering I use regularly anyway (aside from ammo other than target fun and the MRE's - they were a gag gift someone gave to me). I just happen to be buying a bit more.
If nothing happens I just happen to beat inflation of food that I eat anyway. If currency collapse happens, then I bought myself some time to figure out what's next.
It's better to do what I am doing rather than being reliant on the government for unemployment check or food stamps - I tell you what.
I am just fortunate enough (or planned well enough) to have greater income than expenses. I could put that money in the bank and lose it to inflation while being paid out a paltry interest rate. I could throw into a 401 (k) or stocks and just hand it to Wall Street. I could pay off more of my underwater mortgage and just lose the extra capital to the loss of value of the home. Or I could blow it on coke and hookers, but my wife wouldn't like that.
I am not sure what to do with extra capital anyway, so at least I am prepared for a snow storm or something if an Argentina style collapse never comes.
Hey Doc, do you think Trav tastes like chicken? I should probably add some more marinade to the stocks...
Pork. Long pork.
Go ask anyone in Argentina.
Lessons from Argentina’s HyperinflationEaters.
- Barbed wire
- Canvas, construction materials and tools
- Sandbags
- Lots of dry firewood
- Painkillers
- Walkie Talkies
- Binoculars
- Maps, Roadmaps
- Water destillery
- Pro First Aid kit incl. medical tools
- Crate of Handgrenades ?
Rocket-propelled grenade launcher.
1K RPG's
12 Short-range ICBM's.
Locally-parked aircraft carrier, in case of bug-out.
M-1 Abrams Tank, to get to aircraft carrier.
1 Nuke, just in case.
How could I forget those ! Thanks !
*thumbs up*
Add some rope in your list to hang any politician that you find near your property.
1000 rounds for a .38 is a waste. GL carrying that 500 rds of the 556 if you have to pack up out of there.
Your bunker mentality is what needs to change. Fuckin MREs...where do ppl come up with this shit?
MREs suck. Got to be something better out there by now. I know, give them to the people who are coming to steal your stuff. They will think you're cool and then they will die from a ruptured colon.
Right. MRE so lame. How about rice and beans? And learn a bit about the wild edible greens that grow all around you. (Look up garlic mustard.) (If you live in a city and are so worried about your survival, then there is something wrong in your head.)
Rice and beans yo. 6 gallon buckets and mylar bags. Get real.
http://www.youtube.com/watch?v=gZkiU1fUtsE
MRE's do have a place. What if a natural gas leak or dirty bomb or some other issue caused you to need to evacuate in 15 minutes. MRE's are good for a 3 day kit. If the guy had a year's worth of MRE's, then I would agree with your comment.
Coleman gas lantern, coleman two burner gas stove, A gallon or more of white gas. Matches, and Toilet paper.
Flashlight so you can shoot people when it's dark. Extra batteries. Go for the Kosher MREs if you haven't tried them, they suck less than the regular ones.
Molatov cocktails... other than that you got it all I think.
Someone already covered the medical masks: You can get a large supply of cheap disposable masks in addition to better quality N95 masks that have a higher degree of filtration. I would also add boxes of latex gloves and ace wraps. You can buy both cheaply in bulk via mail order supply places as compared to retail outlets, along with other good basic first aid kit stuff.
go to your local army surplus store, they get MEDICS KIT, fully stocked, all the time. the real deal...
they buy from returning vets....
great ideas, though, jena.
I would have just the opposite ammo distribution - you'll cycle it through an assault rifle much faster than a six shooter.... I assume you have three different methods for purifying water - like bleach, a backpacking filter, and a Big Berkey....
If you only have 500 rounds for a rifle of an "assault" type then you'll be pretty hungry pretty quick.
They come in case lots of at least a thousand, and in some cases (like the recent, Yugoslavian milsurp of sealed tins of 1260).
A case (or two, in cases of rifles that take a largely non reloadable (steel cased ammo....not loadable easily)
Add more ammo - you can stash what you can't carry. An unloaded rifle is just a club!
How-to / survivalist books & articles.
Tools.
Littlbug (no e) very compact / efficient camp stove: http://www.littlbug.com/
Ditto on the water. Also a gravity fed water filter. Someone mentioned Berkey. Aquarain are also good and made in the U.S.A. Books with essential knowledge of various functions you may need, e.g. butchering, doctoring. Backup cooking source. Charcoal and propane don't go bad if stored properly.
Go .357 for the handgun - takes .38 ammo, and .357 packs a LOT more punch
Speed loaders for same (3-6)
Water filter
Water carry (MSR Dromedary)
Cook gear
GOOD backpack (Kelty Redwing, one of the Osprey packs, etc.)
Toilet paper, definitely
soap
individual moist towlettes
reasonable personal medical supplies (including QuickClot, moleskin, and large bandages)
Solar battery charger (Brunton)
Zippo and lighter fluid, flints
paracord
comb
ditto the suggestion for a good knife (Cold Steel SRK or something similar), or a good kukri (not some $20 cheapo). Pick what you can sharpen well (avoid serrated edges)
One point - buy like your life depends on it, and may depend on it for some long time. The idea of "replace it if it breaks" is not a good one. Good stuff costs money but saves wear, time and maybe your life.
A ginormous bag of arm and hammer baking soda (15 lbs?) is $6 at Costco. 1001 uses for this cheap miracle.
wow this comment really brought out the ZH survivalist element!
Toilet paper? Or is that waht the $1,000 is for?
Do not forget chewing gum, prophylactics, rooski phrase book, nylons, mirror, two chocolate bars.....
Good Seed stock and garden tools. Get a pressure canner, jars, and some tattler lids. Get some pool shock, and read about how to make bleach, and stockpile soap. Sanitation is the vital link in survival, bleach saves lives. Finally, get some rabbits for a breeding program, easy and delicious!
Dr. RH, some suggestions...
If you're planning on holing up anywhere for long, get handheld water filters. Katadyn high-capacity with an attendant storage facility (50 gallon). A pump siphon for refueling. Coffee for barter (store-brand is cheap). Multiple manual can openers. High-capacity rubbermaid tubs and packing tape for sealing perishables and anything that needs to stay dry. Matches and/or butane lighters. Vitamins and basic meds - antacids, tylenol, aspirin, hydrogen peroxide, immodium, and something rich in electrolytes like gatorade mix or pedialite. Trash bags (multiple uses). And if you feel compelled to go longer with food supplies, go bare bones with long-lived stuff like canned tuna & chicken, rice, flour, brown sugar, and beans of all sorts. If you have the space, they are the cheapest nutrion per pound and per dollar. Clorox wipes. Toilet paper & paper towels. Salt, salt and more salt. Fishing wire. Baking soda (101 uses).
Depends on where you live. If you are in a cold climate, like myself- then it's a damn good idea to get a woodstove and a few cords of seasoned firewood. Even if the gas stays on, a power outage will stop a furnace dead.
Other suggestions:
Propane in 20 gallon and small cylinders.
Lantern, coleman fuel or propane powered.
Water filter, even a small one.
Iodine and/or hydrogen peroxide for use as both topical disinfectant and water treatment.
Bar soap.
Disposable razors.
Salt.
Toilet paper.
Toothpaste.
Deodorant.
Single-serve packs of sugar, creamer and condiments for small trades. (Cheap if bought in bulk.)
Dry Milk.
Lots of socks, and spare boots.
The one I'm working on right now is installing a 500 gallon potable water tank (it's 2000lbs+ tank weight when full, so use caution and consult someone if you are not sure the structure can handle that kind of weight.) into the eaves upstairs, and PEX tubing/fittings to the sinks and toilets. The idea is to refill it via a well using either an electric pump or a hand crank, and to always have water available on tap that is pressurized by gravity. No water heater in that plan, but lukewarm water is better than no water at all.
I've got a strong feeling that the stuff that is really going to be in demand is not what we tend to think it is. There are a lot of people with hundreds of pounds of wheat flour, beans and rice. There is also no shortage of ammunition- but how much bar soap is in an average house? Can't do much fighting if you are sick because you couldn't wash your hands after wiping your ass, right?
Sweets, smokes, booze and coffee are always good trade items. With the taxes, I can;t afford to stock cigarettes, but I was considering a few logs of chewing tobacco- not my favorite stuff in the world, but it might take the edge off if the worst occurs. Can always trade it if I don't want the stuff.
Additions:
Swing-over grill for a fire pit.
Percolator.
Painkillers/anti-inflammitories (Ibuprofen or Aspirin)
Antibiotics. (Google "Aquatic Antibiotics")
First-Aid kit.
Tinfoil hat.
I think your ammo inventory is allocated incorrectly. Invert the ratio.
true. i hear you, SD1
but it's a trend I woukd hate to see more of on ZH.
some guys who advertise newsletters provide an amazing amount of free content. (Reggie Middleton for example.)
Graham says next to nothing, and is a master only of the obvious.
I thought he was talking about greece. Greece is small potatos. Less banking competition and consolidation towards the world banking system.
The CDS risks are being heavily discussed. Germany is having to bitch of continued buttfucking but should not be part of insurance on debt that was not their making.
You only default when the money to pay debt runs out. The US is still able to realisitically pay, maybe a true third of it? With low rates, the cost is still low, but tax receipts are falling behind, at a rapid pace.
They will do everything in their power to maintain the top.3% wealth and say "fuck you" to the rest.
Fuck it, drink a cold beer. Enjoy yourself. Bang the old lady, or the neighbors hot thang. AND don't forget to tip your waite staff, at the casino.
1. Generators: Solar are best. Gas ones need fuel & maintenance, are noisy, a target of thieves, etc. 2. Water Filters /Purifiers 3. Portable Toilets /showers 4. Seasoned Firewood. Wood takes about 6 -12 months to become dried, ready for home use. 5. Lamp Oil, Wicks, Lamps (First Choice: Buy CLEAR oil. If scarce, stockpile ANY!) 6. Coleman Fuel. It is impossible to stockpile too much. 7. Guns, Ammunition, Pepper Spray, Knives, Clubs, Bats & Slingshots. 8. Hand operated can openers, & hand egg beaters, whisks. 9. Honey /Syrups and white or brown sugar 10. Rice - Beans - Wheat 11. Vegetable Oil (for cooking) Without it food burns and must be boiled etc.) 12. Charcoal, Lighter Fluid (Will become scarce suddenly) 13. Water Containers (Urgent Item to obtain.) Any size. Smaller HARD CLEAR PLASTIC ONLY Food grade required if for drinking. BLUE is good for long term storage since it prevents algae. 14. Mini heater head (Propane) Catalytic heater (Without this item, propane won't heat a room.) 15. Grain Grinder (Non-electric) 16. Propane Cylinders (Urgent: Definite shortages will occur.) Get various hoses and adapters! 17. Survival Guide Book. 18. Mantles: Aladdin, Coleman, etc. (Without this item, longer-term lighting is difficult.) 19. Baby Supplies: Diapers/formula, ointments/aspirin, etc. 20. Washboards, Mop Bucket w/wringer (for Laundry) 21. Cook stoves (Propane, Coleman & Kerosene) 22. Vitamins 23. Propane Cylinder Handle-Holder (Urgent: Small canister use is dangerous without this item) 24. Feminine Hygiene/Hair care/Skin products. 25. Thermal underwear (Tops & Bottoms) 26. Bow saws, axes and hatchets, Wedges (also, honing oil) 27. Aluminum Foil Reg. & Heavy Duty (Great Cooking and Barter Item) 28. Gasoline Containers (Plastic & Metal) 29. Garbage Bags (Impossible To Have Too Many). 30. Toilet Paper, Kleenex, Paper Towels 31. Milk - Powdered & Condensed (Shake Liquid every 3 to 4 months) 32. Garden Seeds (non-hybrid) (A MUST) 33. Clothes pins /line hangers (A MUST) 34. Coleman's Pump Repair Kit 35. Tuna Fish (in oil) 36. Fire Extinguishers (or large box of Baking Soda in every room) 37. First aid kits 38. Batteries (all sizes...buy furthest-out for Expiration Dates) RECHARGABLES & solar rechargers 39. Garlic, spices & vinegar, baking supplies 40. Big Dogs (and plenty of dog food) 41. Flour, yeast & salt 42. Matches. {"Strike Anywhere" preferred.) Boxed, wooden matches will go first 43. Writing paper/pads/pencils, solar calculators 44. Insulated ice chests (good for keeping items from freezing in Wintertime.) 45. Work boots, belts, Levis & durable shirts, ANY durable clothing 46. Flashlights/LIGHTSTICKS & torches, "No. 76 Dietz" Lanterns 47. Journals, Diaries & Scrapbooks (jot down ideas, feelings, experience; Historic Times) 48. Garbage cans - Plastic (great for storage, water, transporting -if with wheels) 49. Personal Hygiene: Shampoo, Toothbrush /paste, Mouthwash /floss, nail clippers, etc 50. Cast iron cookware (sturdy, efficient) 51. Fishing supplies / tools (hooks & lines) 52. Mosquito coils/repellent, sprays/creams 53. Duct Tape 54. Tarps /stakes /twine /nails /spikes 55. Candles 56. Laundry Detergent (liquid) 57. Backpacks, Duffel Bags 58. Garden tools & supplies 59. Scissors, fabrics & sewing supplies 60. Canned Fruits, Veggies, Soups, stews, etc. 61. Bleach (plain. NOT scented: 4 to 6% sodium hypochlorite) 62. Canning supplies, (Jars/lids/wax) 63. Knives & Sharpening tools: files, stones, steel 64. Bicycles and spare parts: Tires/tubes/pumps/chains, etc 65. Sleeping Bags & blankets/pillows/mats 66. Carbon Monoxide Alarm (battery powered) 67. Board Games, Cards, Dice 68. d-con Rat poison, MOUSE PRUFE II, Roach Killer 69. Mousetraps, Ant traps & cockroach magnets 70. Paper plates/cups/utensils (stock up, folks) 7l. Baby wipes, oils, waterless & Antibacterial soap (saves a lot of water) 72. Rain gear, rubberized boots, etc. 73. Shaving supplies (razors & creams, talc, after shave) 74. Hand pumps & siphons (for water and for fuels) 75. Soy sauce, vinegar, bullions/gravy /soup base 76. Reading glasses 77. Chocolate /Cocoa /Tang /Punch (water enhancers) 78. " Survival-in-a-Can" 79. Woolen clothing, scarves /ear-muffs /mittens 80. Boy Scout Handbook & also Leaders Catalog 81. Roll-on Window Insulation Kit (MANCO) 82. Graham crackers, saltines, pretzels, trail mix /jerky 83. Popcorn, Peanut Butter, Nuts 84. Socks, Underwear, T-shirts, etc. (extras) 85. Lumber (all types) 86. Wagons & carts (for transport to and from) 87. Cots & Inflatable mattresses 88. Gloves: Work /warming /gardening, etc. 89. Lantern Hangers 90. Screen Patches, glue, nails, screws,, nuts & bolts 91. Teas 92. Coffee 93. Cigarettes 94. Wine/Liquors (for bribes, medicinal, etc,) 95. Paraffin wax 96. Glue, nails, nuts, bolts, screws, etc. 97. Chewing gum/candies 98. Atomizers (for cooling/bathing) 99. Hats & cotton neckerchiefs 100. Goats /chickensExcellent-
Thanks for posting that, a few things I had forgotten entirely in there.
we're next......
have you seen the price of freezed dried food storage items?
and the're usually sold out
maybe the masses are starting to wake up....
EBay has lots.
I just got some more Tactical Bacon.
+1 LOL
The notion that European officials can "no longer ignore the wave of dissent" spreading across Europe is naivete typical of Simon Black.
They can, and will ignore the popular consensus. What we are witnessing is not the failure of nations, it is merely the illusion of democracy evaporating.
Anyone who thinks a little public outrage will sway the central planners has been sleeping for the past few years.
No - Simon's right. Merkel's been beat the last 5 times her party went to the polls. They've killed people rioting in Greece. The "leaders" are going to have their power taken away.
Good luck with that.
How are you not proving his point?
Right and the politicians that will replace Merkel will follow the exact same agenda. This isn't about figure heads or political parties but an agenda the system itself is grinding forward. After all didn't the Irish people get fired up and elect a new party, to have the new party sell them out? The simple truth is buying politicians and parties is the best ROI on the planet so rest assured 99.9% of all politicians you run across or see are already bought and paid for.
Exactly. In the US, the majority voted for "change" only to see a continuation and expansion of the exact same policies.
There is no democracy.
"Democracy" is mere propaganda to keep you from rioting. If you believe you have a voice, you're more likely to shut up and wait for the next election. ...which of course will shuffle a few pieces of paper and pretend to enact new policy -- but will ultimately continue the absolute rule of the elite class.
By voting, you are signaling your submission to the make-believe system that has been served up for you.
Oh it's an amazing scam. When the rulers were openly autocratic there were limits to how far they could go because there was no pretense of the "will of the people", go to far and the people knew their only option was revolt. I find it amusing that the Age of Democracy starting with the Napoleonic wars lead to the era of total war and mass conscription. After all the young men weren't being sent into the meat grinder for "the king" but "for the people".
To say nothing of the cost of supporting the vast and rotating political classes. At least a medieval lord wouldn't try and completely pillage his own lands as it was his and would pass through his family. Now the modern political classes are limited in time, but without any kind of checks are in effect pulling a loot and scoot, steal as much as they can as fast as they can, after all some other pillager will be there next year.
Have you read "Democracy: The God that Failed" by Hans Hermann Hoppe?
(I haven't read it yet.)
The problem is that we stopped teaching our kids that freedom without responsibility ALWAYS ends in disaster. We traded our freedoms bit by bit for false security (dependence), and this exposed our weak, prosperity-addled ignorance and lack of principles. Today the loss of freedoms seems to be rapidly snowballing ahead of the push for the globalist NWO.
However, to any of "the people" who may feel that their AK or AR is the only voice that will be heard anymore, DON'T! This will bring the hammer of tyranny crashing down on everyone. You'll know when it's time for that, don't let yourself make it happen with your itchy trigger finger. The ruling class will eventually go "one bridge too far" their own, and then...
Democracy means we all get to vote on who we think is going to win the NBA finals.
maybe they will just say no elections because it is too important for the working group to remain intact until the problem is resolved? politicians win
Popo, point taken. however, don't further bailout attempts, or even more drastic interventions, require votes in the individual countries? Are not countries like Finland and Austria already sending signals they will not go along?
just curious.
money is fungible.
On the US side of the pond, we even hear Geithner bragging about "creative" ways of extending the budget. Accounting rules are moot when your the one making the rules.
These guys all believe in the "when it gets serious, you have to lie" crap. What they cannot achieve via popular support, they will achieve through "creativity" -- otherwise known as "despotism".
gotcha. understood.
because I certainly agree with your underlying premise re the EU circumventing thier constituents' actual desires re policymaking.
The next step will be a call by a minority party for a referendum on further bailouts, and its campaigning on that issue. The FDP is edging in that direction, and it's a promising vote-getter for a minority party. A referendum ought to keep politicians from selling out their constituents--or give the populace grounds for direct action if not.
they can't ignore it to the extent to which it's done here (USA). when is the last time you saw a riot here with any ostensibly political cause, other than race? Any populist stumbling blocks to this centrally planned global economic farce are alot more likely to come from EU than here.
the illusion of democracy evaporating
That is the sound of a 12GA shotgun bring racked, a cell door closing behind you, and a nail being hit firmly on the head...all rolled into one.
Can't they just get a makeover?
Like a Harvard Plain Jane Librarian. Who announced she is running for US Senate. To help you. If you live in Massachusetts.
I'm. not. buying. it.
http://www.youtube.com/watch?v=wx2H31ZgkIQ
Well, yeah, but somebody has to run against Brown. He's messing up The Barry's numbers game.
Her resume looks good- on paper, that is.
Turning over the political class is good for no other reason than it punishes the political class. So skip all the BS. Just show up and vote the incumbent out.
sofar a straight shooter. did more for consumers than Obama ever tried.
What Happens When A Nation Goes Bankrupt?
Obviously the stock market rallies. haven't you been watching?
Surely the Greek default is priced in by now. And what is Giether talking about "the early stages of a crisis"? TPTB are in control. What could go wrong?
who cares when there a leaked naked photos of Scarlet Johanson on the web! good for 100 Dow points!!
linkage? ;-)
It was on Buzzfeed.com, they already took down the pics. ScarJo must have really good lawyers. Maybe they should run for Congress....
this may be the most important comment of the day...i'll be right back
update: yowza! perezhilton.com has links...now back to your regularly scheduled ponzi
Pics or it didn't happen!
http://www.celebdirtylaundry.com/2011/scarlett-johansson-leaked-nudes-are-here-photos/
Hmmm, several sites are saying that the FBI is looking into phone hacking of several high profile women. Hard to say if it is true, but wouldn't surprise me.
Gee, who would have thought that building a back door into cell phones for law enforcement, that allows them to use every function without touching the phone, would ever, ever have been abused.
sobering read.
Thanks.
On the brighter side here's a clip of Barroso getting his arse kicked by Nigel Farage today. ENJOY!
http://www.youtube.com/watch?v...
Thanks, I never get tired of Nigel hammering the EU and its dictators.
Simon says: All Fall Down!
Go ahead - Shoot the Messenger.
Alternatively, go ahead and answer the question - how prepared are you to deal with the message?
more highly generalized, unsubstantiated scare posting. take the keyboard away from the socialist worker intern and post something worthwhile.....
and.......of course it gets a bunch of thumbs down from the Armageddon Brothers. it's too bad this place has turned into a hideout for wannabe weekend warriors.
Gringo - I agree w/the "Armageddon at any/all costs" bent so many posters seem entirely too comfortable with. The cheerleaders for war will be the first to soil their diapers and cry to be saved.
There will be a tomorrow tomorrow and Mad Max ain't in it. The Democrat loss of a seat in NY they've held for 90 years gives me a little more faith in my fellow Americans that common sense still exists.
God Bless Our Country
Oh right....the Republicans will save us...
uh huh
Didn't say that, Melin.
Common sense will "save us", if enough of us exhibit it.
That means not running to the local/state/fed gov each time we stub our toe. Shrink gov't, grow the economy.
We've tried to have our cake and eat it too but if we don't get off our asses and pull together the debt wake is gonna swamp the ship of state. I care not the name of the political party that returns us to sanity.
irreconcilable differences...
(reality, from above post) Greece is out of cash. Again. The Greek Deputy Finance Minister said on Monday that his country only has enough cash to operate for a few more weeks.
(disreality, from CNBC) Stocks Jump 1% Amid Optimism of Greece
post this tyler its excellent:
Nigel Farage: Greece under Commission-ECB-IMF DictatorshipYep . Nigel Farage and Dan Hannan ... probably the only 2 people in the EU Parl. with any common sense .
Isn't it incredible that anyone in Greece would still have money in a bank? What do they think will happen when their Euro accounts get relabeled in Drachma's?
Well, in the "Anointed One's" Amerika, you set up a website
www.attackwatch.com [also URL http://my.barackobama.com/page/s/join-attack-wire-today]. This way all true Amerikans can watch one another and report to big brother any disturbing news.
I hope I'm on the list. Hey Obama - go fuck yourself. You are the most incompetent, dishonest, clueless piece of Chicago political shit ever to float to the surface of Amerikan society.
Amen bro. EVER despot throughout history has set up a scheme where they allow their minions to turn in fellow citizens to the state.
Hitler, Stalin and Mussolini would be proud of the change Obamugabe has brought to this country.
i'm surprised they don't offer a taxpayer funded cash reward for squealing
Naw. Just shares in BAC, GM, and Solyndra...
They have been doing that for years....Crimestoppers....call in your neighbor....
....or how about DARE programs where they have the kiddies bring in a stuffed animal from home to meet the Drug K9....
I just got done catering a 2day event for some 100 SWAT officers....not mentioning state....they had me set up right below the gun range...
These boys were up there for the two days I was there lighting off rounds like they were ladyfingers....yelling...."YEEHAH>>>KILL THAT FUCKER!!"
I. Shit. You. Not.
It was unfuckingbelievable. I've never been a huge fan of cops anyway...but had no idea how bad the SWAT JOCK FRATBOY mentality really is/was.
But I digress....
I know that are the some good cops left.....but the militarization is almost complete.
FUck the Pigs.
"I know that are the some good cops left.....but the militarization is almost complete."
PR working on ya.
Bro bring back the cross eyed lady.
....and it shall be....
I heard Soetero leaves floaters. Never flushes, the bastard.
Count me in, Attack Watch!
Even better, have the kiddies do it! www.snapscouts.org
Read "The Patriot" to see a fictional scenario of what happens when the US suffers complete economic collapse. It's very scary and very plausible.
That book is pretty much a load of shit. Why do I say this? Because the plotline holds that Fort Knox is full of gold, and that's what buys the Euro "mercenaries", transports, feeds, arms and fuels them.
Rawles has a good web site but his fiction reminds me of the old Don Pendleton "Mack Bolan" books. Which I believed. When I was 12.
This is all so absurd. And today perfect example why you do not short, unless for 90 minutes.
I suggest anyone interested read this:
http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds...
Greece is FUCKED and it did it to itself.
In summary: The monkeys will change but the shit smells the same.
...tick,tick, bitchez
In summary: The monkeys will change but the shit smells the same.
...tick,tick, bitchez
Obviously all good news for our stock market...the algo's are keyed to words such as 'default'...'bankruptcy'...'broke'....'deadbeat'....these formulas obviously translate these into QE3....QE4....QE to Infinity....what we really need are some gold and silver trading algo's engineered by the same folks...apparently the gold and silver algo's are outdated and need the new headline reading upgrade.
Looks like to be fully prepared I better go buy the DOW and dump PM's. /sarc. What a rally. Shorts have no cajones.