patrick.net

There has never been one fiat currency in history that has not bankrupt it's country.

Will it be mad max or a dystopian state? Probably the latter unless we go back to a commodity based currency.

indigenous says

There has never been one fiat currency in history that has not bankrupt it's country.

You mean, except for every currency currently in use?

sbh says

RentingForHalfTheCost says

The time is now

Yeah, OK, but you've hung your hat on "now" again. If it doesn't happen now you'll just go back to saying "wait some more". It's not that I/we think you're totally full of shit (there are plenty of things to be worried about), but you'll take ANYTHING as the sign of the beast. You can see how it gets old and tired.

Sure, but now is now. Expect a 500-800 drop in the DJIA this week. If I had any stocks left to sell I would use my right to sell. 100% cash baby and loving it. Good luck to you and your foolish ways.

sbh says

If foolishness were my only failing I'd be too rich to have time to mess about with the likes of you! But, nevertheless, if we don't lose a net 500-800 Dow points next week you'll be put down as a bounder and a scofflaw. Considering my hedges, I win either way.

A drop of 500-800 is the best case scenario. That drop comes with the expectations that the Fed will have to hold an emergency meeting to say they are not only backing away from the taper, but are adding 10B+ a month for the indefinite future. Screw it, it is only money they wills say. As long as the Chinese keep buying our faux bonds things are great. P.S. don't scare the Chinese, they think we are the best thing since sliced bread.

The hills have eyes.

RentingForHalfTheCost says

A drop of 500-800 is the best case scenario.

We can only hope..............another buying opportunity. Guys like Buffet thrive on these gifts in the market.

RentingForHalfTheCost says

As long as the Chinese keep buying our faux bonds things are great. P.S. don't scare the Chinese, they think we are the best thing since sliced bread.

The Chinese announced that late last year.

http://www.forbes.com/sites/gordonchang/2013/10/06/what-if-china-stops-buying-u-s-government-debt/

I watch the Resident Evil series, which also helps with physical preparedness: thanks to the scenes with Milla Jojovich I now have a right forearm like a steel 4x4, and a grip that can crush a shot put into powder.

Also, don't neglect amateur surgical skills, whether it's stapling your own leg back on, or popping an eyeball back in after it has been sucked out by a zombie:

Emergency War Surgery

Cabron Del Hydro says

I watch the Resident Evil series, which also helps with physical preparedness: thanks to the scenes with Milla Jokovich I now have a right forearm like a steel 4x4, and a grip that can crush a shot put into powder.

Also, don't neglect amateur surgical skills, whether it's stapling your own leg back on, or popping an eyeball back in after it has been sucked out by a zombie:

Emergency War Surgery

Tip of the day.

Got a gangrenous wound? Maggots are your friend!

http://news.nationalgeographic.com/news/2003/10/1024_031024_maggotmedicine.html

I've seen this firsthand "in the wild" so to speak. Its not for the faint of heart.

Not sure how effective they are on zombie bites but really, what do you have to lose by trying.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Friday, January 24, 2014 __ Level is 108.1

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And http://patrick.net/?p=1230886

jazz music says

Clearly Reagan's administration accomplished a lot but not for the people. He presided over a hostile occupying force that arose to "starve the beast" gifting taxpayer money to business: the code word for that is "stimulus" and anything for the infrastructure and the people "socialism." He represented the most unpatriotic of forces imaginable which we still have trouble unseating from power.

Its simple.. your side failed and has failed miserable via Govt programs
that became too big and way out of control. You might poke fun at him today, but lets face it.. you havent had any kind of Economic policy to call your own since Kennedy. Think about it... what is your Economic policy today ? Obama ? Hilary ? There isnt one...

finehoe says

Reagan switched the federal government from what he critically called, a “tax and spend” policy, to a “borrow and spend” policy, where the government continued its heavy spending, but used borrowed money instead of tax revenue to pay the bills. The results were catastrophic. Although it had taken the United States more than 200 years to accumulate the first $1 trillion of national debt, it took only five years under Reagan to add the second one trillion dollars to the debt.

you forgot to mention, added 20 Million new Jobs which in turn allowed Federal Tax Revenues to increase... so your rant over borrowing is useless.

New Renter says

Got a gangrenous wound? Maggots are your friend!

Well, in comparison to infusing raw garlic, on an open wound, I'd take the maggots.

I only saw Mad Max. It taught me that they will still have lots of anabolic steroids after the cannibal anarchy apocalypse, but not much gas.

That won't stop anybody from driving gas guzzlers like fiends, I guess it's in the DNA.

Ceffer says

I only saw Mad Max. It taught me that they will still have lots of anabolic steroids after the cannibal anarchy apocalypse, but not much gas.

Yes: Even in the post-apocalyptic desert wasteland, there are fully-equipped weight rooms in which the nomadic biker gangs lift for 4-5 hours each day. You don't see them in the film because they're just over the horizon.

They need the gas to drive from gym to gym - they make time for fitness even in the face of the daily timesink of raping, pillaging, and disciplining wayward lieutenants in assless chaps.

Ceffer says

I only saw Mad Max. It taught me that they will still have lots of anabolic steroids after the cannibal anarchy apocalypse, but not much gas.

That won't stop anybody from driving gas guzzlers like fiends, I guess it's in the DNA.

And lots of assless chaps. Dan's already stocked up!

I'm thinking more like 1984 or Brave New World.

What did I learn not much, I guess if you want to blend in you will need Soma or expatriate.

New Renter says

Not sure how effective they are on zombie bites but really, what do you have to lose by trying.

Then you've got yourself a zombie maggot. Not too many things worse than a zombie maggot.

Ceffer says

New Renter says

Not sure how effective they are on zombie bites but really, what do you have to lose by trying.

Then you've got yourself a zombie maggot. Not too many things worse than a zombie maggot.

Maggot - feeds on human flesh

Zombie maggot - feeds on human flesh

What's the difference?

Regular maggots only eat necrotic i.e. dead flesh, they would like the zombies.

That's why they are good for wounds, they debride infected, dead tissue, but do not touch living tissue.

Maggot zombies eat living flesh, just like the regular zombies!

The great northwest is the first area of the world where the various races of the world have harmoniously integrated into one species, Albino.

Ceffer says

Regular maggots only eat necrotic i.e. dead flesh, they would like the zombies.

That's why they are good for wounds, they debride infected, dead tissue, but do not touch living tissue.

Maggot zombies eat living flesh, just like the regular zombies!

Sounds like a good plot for "Walking Dead"

Ceffer says

I only saw Mad Max. It taught me that they will still have lots of anabolic steroids after the cannibal anarchy apocalypse, but not much gas.

That won't stop anybody from driving gas guzzlers like fiends, I guess it's in the DNA.

na... thats from radiation .. the "muscle growth" is actual advanced cancer growth.

Haven't seen The Road, should I?

I *LOVE* LOVE love some of the action in WWZ.

Like the zombies piling their bodies up to get over the Israeli wall, and then invading at horrifying speed.

Gripping. But....

Everything Wrong with World War Z in 6 minutes or less
http://youtu.be/tss--a2XxMY

Vicente says

Haven't seen The Road, should I?

Too slow, I couldn't get through it.

The day the fish came out followed by Dr. Strangelove. I love happy endings.

mell says

This is absolutely unsustainable, but I am unclear about the timeline, housing could go into a quick downturn from here or it could take another couple of years, but the fat gains since 2008 are over. Some short hedges in REITs and the financial sector are in order for the prudent.

You said it.

Analyzer says

RentingForHalfTheCost says

A drop of 500-800 is the best case scenario.

We can only hope..............another buying opportunity. Guys like Buffet thrive on these gifts in the market.

Watch out for the "trying to catch a falling knife" syndrome. There is going to be a lot of blood before healing in this market when it finally turns.

Carolyn C says

I plan on visiting Portland over the summer and stay for a few weeks.

Carolyn - in my (never to be humble) opinion, that is a MISTAKE. Go visit it at it's worst, try December, January or Feburary. Going during the summer, especially as it heads towards August (mid-July thru mid-September) will give you a very inaccurate view of the weather there.

Mish already posted this HIMSELF on patnet 8 hours ago. I think that is quite enough.

Downtown Portland is now over run with street bums, druggies, and alcoholics. Even the TV stations have run series on this group living next to the Portland Building,
drinking, fighting, and deficating next to the building.
30 Years ago, Portland was a great place to live. Now, it is a paradise only for the low lifes. And we now get snow, as late as March. And all the wood stoves are terrible on anyone with asthma, or breathing problems

Two members of my family have asthma so that would not be good. And visiting in the winter would make more sense.

They Live.

RentingForHalfTheCost says

Analyzer says

RentingForHalfTheCost says

A drop of 500-800 is the best case scenario.

We can only hope..............another buying opportunity. Guys like Buffet thrive on these gifts in the market.

Watch out for the "trying to catch a falling knife" syndrome. There is going to be a lot of blood before healing in this market when it finally turns.

Just put a huge short play on the DJIA. Screw trying to etch out 2-3%. This tumble is going to reward the people who play it correct with a huge lotto win. Get ready for the wealth shift from the virtual rich. Now you see it, now you don't. Gotcha.

The market looks like shit, gold holding up ok.

Uh oh the 'recovery' is teetering on the brink........time for the Fed to swoop in as the hero.

Analyzer says

Uh oh the 'recovery' is teetering on the brink........time for the Fed to swoop in as the hero.

I just emailed the fed and told them it was okay to use the money I pay in taxes to help the people of China and Brazil to move from middle to upper class. It is the least I can do for others.

Blurtman says

They Live.

I'll second that. It may be a cheezefest but the story is good.

Damnation Alley if you like mid 1970's type flicks.

RentingForHalfTheCost says

Analyzer says

Uh oh the 'recovery' is teetering on the brink........time for the Fed to swoop in as the hero.

I just emailed the fed and told them it was okay to use the money I pay in taxes to help the people of China and Brazil to move from middle to upper class. It is the least I can do for others.

Why bother using your tax money? They can just start the printing presses if need be..............

I believe that having a diverse portfolio with physical gold and silver in it wouldn't hurt anyone, provided you bought the metals at the right time for the right price. When I read about individuals buying gold, my first thought is that they have too much of a percentage of their portfolio in the metals, or in general, have an imbalance of one type of investment dominating their portfolio. My rule of thumb in general is to have even proportions of things in life

One thing I do like about precious metals is that they can't be artificially manufactured and therefore are in finite supply, unlike the dollar which can be created from nothing. My only worry on the flipside is that if you had the doomsday scenario unfold as those who acquire metals are expecting, how will you exchange the metal for goods and will you get fair market value for your metals when negotiating them in the open market.

I do believe the dollar, along with most of the worlds money systems will eventually collapse somewhere in my lifetime due to the disproportionate amount of debt becoming unsustainable in the system creating a domino effect of destruction. What I don't know is this, what combination of assets are appropriate to hold so you and your family can weather this financial storm....