aceofspadeshq at gee mail.com
CBD:
cbd at cutjibnewsletter.com
Buck:
buck.throckmorton at protonmail.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com
Former International Monetary Fund Official: America's Debt and Inflation Are Starting to Make It Look Like a "Latin American Country"
What steps would you suggest to someone to Crash-Proof their lives (to the extent that's even possible)?
Desmond Lachman, an economist and senior fellow with the American Enterprise Institute (AEI), told Breitbart News on Sunday that the U.S. is beginning to resemble a Latin American country given its inflation, government spending, and printing of money. "[The U.S. is] in [a]very bad position from a long-term point of view. I don't see how this can end well when we're running -- now -- budget deficits something like 15 percent of GDP," Lachman said on SiriusXM's Breitbart News Sunday with host Joel Pollak. "This is beginning to look a little bit like a Latin American country." Government borrowing and spending -- marketed as economic "stimulus" by its proponents -- combines with growing government debt and expansion of the money supply to drive inflation, Lachman explained. "The real reason that one should be worried about inflation is that there's far too much stimulus in this economy," he remarked. "We've got the largest peacetime budget stimulus that this country has ever known. We talk about something like 12-13 percent of GDP, which is a massive budget stimulus by any reckoning." He continued, "But on top of that, we've got the Federal Reserve that keeps printing money... We are seeing the money supply now growing well over 20 percent [year-over-year]. If you look at the broad money supply, that's the fastest money supply [expansion] that we've seen in many, many years."
Comments
(Jump to bottom of comments)Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:11 PM (V6f9+)
Now to fetch the others
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:11 PM (V6f9+)
Posted by: I used to have a different nic at July 13, 2021 12:12 PM (U7wke)
Invest in "previous metals", especially the ones that go 3,900 ft/s?
Posted by: Thrawn at July 13, 2021 12:12 PM (5aFbR)
Gather guns, garden supplies, tools and food/water/water treatment.
Make sure you can pay your
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:13 PM (V6f9+)
Based on my experience from the 80s, I suggest big hair and enormous shoulder pads.
Posted by: pep at July 13, 2021 12:13 PM (ZsR3z)
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:13 PM (3p5uk)
Everyone, just assume that the opposite of what this guy says is true. That's the safest analysis.
Posted by: Serious Economists Everywhere at July 13, 2021 12:13 PM (6FeV1)
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:13 PM (JUOKG)
Posted by: Inogame at July 13, 2021 12:14 PM (53oGX)
Posted by: Ace
Donate alot of money to democrats?
Posted by: Flyguy at July 13, 2021 12:14 PM (3sOO0)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:14 PM (V6f9+)
Won't affect them.
Posted by: artisanal ette at July 13, 2021 12:15 PM (9VFzC)
Arrest politicians for giving money to selected demographic groups as straight up vote selling.
Investigate and arrest bureaucrats profiting from the businesses they regulate.
Tax the dependent class on their government hand outs.
And give the tech oligarchs the same treatment the NY government is giving the Trump org - oh, you have a company [whatever] Mr Bezos? Did you pay taxes on that?
Posted by: 18-1 at July 13, 2021 12:15 PM (DpkTQ)
Posted by: BourbonChicken at July 13, 2021 12:15 PM (hYabU)
Posted by: SH (Non-Elite) at July 13, 2021 12:15 PM (sX1BW)
Posted by: brak at July 13, 2021 12:15 PM (nyc/y)
++++
I have no idea, and it is becoming a problem for me. There are some general items, though, that are always a good idea and make you a lot more robust:
1. Don't have any debt
2. Be healthy
Those two help tremendously. I have #1 in the bag and am working on #2, but I don't see a safe harbor. I will probably get some metals just as a hedge, but they crash when everything else goes tits up, too. I have some savings, but I am watching them evaporate with inflation. I go back and forth on whether I just spend, baby, spend and get all sorts of nice shit before inflation destroys my years of accumulated labor.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:15 PM (3p5uk)
The only way out is through, and that means crashing hard. So steel yourself and pray for deliverance.
Posted by: Thrawn at July 13, 2021 12:15 PM (5aFbR)
Don't live in a city
Form actual relationships in your community
Avoid vibrant areas
Be ready to keep the vibrant out
Posted by: WiNO - The Odds Are Never in Our Favor at July 13, 2021 12:16 PM (EpDzw)
Posted by: artisanal ette at July 13, 2021 12:16 PM (9VFzC)
Hayek, let the economy alone, and it will be OK. DON'T do debt, or try to manipulate it, as it is organic.
Keynes, debt does not matter, spend spend spend.
Trump followed Hayed, Dems are doing Keynes... and now our economy sucks.... and this change happened in a matter of MONTHS.
Posted by: Romeo13 at July 13, 2021 12:16 PM (oHd/0)
Posted by: Medieval shit kicking peasant at July 13, 2021 12:16 PM (BYI1T)
Posted by: JAS, AoSHQ addict at July 13, 2021 12:17 PM (xopIz)
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:15 PM (3p5uk)
Same here, Joe. I'm just at a loss as to what to do.
Posted by: Jordan61-(Ez6QX) at July 13, 2021 12:17 PM (Ez6QX)
No.
Mean.
Tweets.
Posted by: Inogame at July 13, 2021 12:14 PM (53oGX)
++++
To be fair to Biden (not that I am interested in fairness for that fuckup), some of this reckoning would be happening if Trump's reelection hadn't been stolen away from him. We spent way too fucking much last year, and did tremendous economic damage. Trump wouldn't keep doubling down like Biden is, and he wouldn't have destroyed our energy policy - and that would help. But some of this was coming no matter what.
Biden's politburo is just going to make wildly worse.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:17 PM (3p5uk)
I've no idea.
Except for consulting, I'm retired and on a fixed income, plus I have (had) a pretty good 401 established. Everything is paid for, or could be by writing a check.
I think the best way to crash-proof now is to quit watching the news...and I've done that already.
Posted by: Diogenes at July 13, 2021 12:17 PM (axyOa)
So bonds are dangerous in the long term - though the politicians will pay them as long as they can.
Land is a good investment, as are long term durable goods.
Keep a supply of food that won't spoil and similiar supplies, but you should always do that.
Posted by: 18-1 at July 13, 2021 12:17 PM (DpkTQ)
Posted by: I used to have a different nic at July 13, 2021 12:18 PM (U7wke)
We sold our Denver home in January. Took the proceeds and bought a bigger, but much less expensive, home in South Dakota. Our mortgage is now less than a new car payment. We paid off our cars and medical debt from when our son was born, and our monthly expenses are now a fraction of what they were in Colorado. Now our only outstanding debt is a 5-figure mortgage.
We already own plenty of guns and ammo, and have been stacking gold and silver for years, so no need to invest more there. We're just planning for the inevitable, and keeping monthly outlays down to a minimum in the process.
Posted by: Ken Kanniff at July 13, 2021 12:18 PM (pstK1)
Tanned, rested, and ready.
Posted by: Zombie Paul Volcker at July 13, 2021 12:18 PM (ZsR3z)
Is your balance sheet good because business is good? Then you're all good.
Is your balance sheet good because of jiggery-fuckery? Then you're jiggery-fucked unless you got your golden parachute packed and ready.
Posted by: Warai-otoko at July 13, 2021 12:18 PM (6FeV1)
Posted by: Ped Xing at July 13, 2021 12:18 PM (BYI1T)
Last thread was about an election with massive integrity questions - well, it was indirectly about that, I guess.
But every ratchet turn downward, from finance to insane racism becoming mainstreamed to the national yawn about the equivalent of an attempted coup to the stunning ignorant submission to completely baseless radical "pandemic" measures to apparent indifference to mass violent lawlessness, points to a reality of "Third World country" - the populace. Or enough of it.
Posted by: rhomboid (OTzUX) at July 13, 2021 12:18 PM (OTzUX)
That was my single biggest disappointment with Trump. Not that he would have had any legislative support for serious deficit cutting but he didn't even want to.
Posted by: Oddbob at July 13, 2021 12:19 PM (nfrXX)
Posted by: Buzzsaw90 at July 13, 2021 12:19 PM (YboWf)
Posted by: nurse ratched at July 13, 2021 12:19 PM (Jponn)
Posted by: BourbonChicken at July 13, 2021 12:19 PM (hYabU)
Posted by: Martini Farmer at July 13, 2021 12:19 PM (BFigT)
Posted by: ... at July 13, 2021 12:19 PM (1SWta)
And at the same time, the FED can remain irrational longer than you can remain solvent.
Keep in mind none of the literal insanity we have been experiencing is possible without lots and lots and lots of untethered "money supply". There isn't enough money to go around in any sane economic system. Choices must be made, and predictably, chicks with dicks trolling for little boys at the public library ordinarily, won't make the cut.
Our success has been our undoing - "reserve currency" status has meant a strong demand for dollars for decades. I don't know how or when or if it breaks, but if it does ...
You will see shit you never thought possible. Ever.
Posted by: Common Tater at July 13, 2021 12:19 PM (qi/jp)
----------
Success! Our government has been trying to turn us into a Latin American Country for years.
It's racist to not want to turn into a Latin American Country.
Posted by: zmdavid at July 13, 2021 12:19 PM (xqRaG)
When I flee CA I'll probably be selling at least one property - the other is bringing in income. But for how long? The bubble has got to burst - or are you safe in the backyard of big tech? Palo Alto has been the center of the universe for over 2 decades. Can really that last?
Posted by: The Ramones at July 13, 2021 12:20 PM (wAnMi)
Posted by: JAS, AoSHQ addict at July 13, 2021 12:20 PM (xopIz)
Posted by: I used to have a different nic at July 13, 2021 12:20 PM (U7wke)
Posted by: JoeF. at July 13, 2021 12:20 PM (mR6Gs)
Posted by: Oddbob at July 13, 2021 12:19 PM (nfrXX)
++++
I'm of two minds about that. The budget monster needs to be tamed and destroyed, but Trump wasn't the man to do it. Importantly, he never claimed to be. Trump's a spendthrift, and he was pretty open about that even when he was campaigning the first time. He wanted to stop some of the open fraud and theft (and failed to do so when he lost the government shutdown battle), but he wasn't particularly interested in spending less money.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:20 PM (3p5uk)
Posted by: wth at July 13, 2021 12:20 PM (v0R5T)
Posted by: Puddi Head at July 13, 2021 12:20 PM (bWXm6)
Posted by: Richard Branson at July 13, 2021 12:20 PM (YboWf)
Posted by: Truck Monkey Report at July 13, 2021 12:21 PM (flINI)
Posted by: JAS, AoSHQ addict at July 13, 2021 12:20 PM (xopIz)
She should whip out her large areoled-sweater puppies....then go away.
Posted by: JoeF. at July 13, 2021 12:21 PM (mR6Gs)
In fairness Q Shaman has probably eaten a lot less paste then the current "president"
Posted by: 18-1 at July 13, 2021 12:21 PM (DpkTQ)
we should look to see what they do in South Africa for the next steps
Posted by: will choose a nic later at July 13, 2021 12:21 PM (bTQ72)
Also ammo prices are dropping a bit, check out SGAMMO.
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:21 PM (V6f9+)
Posted by: K. Marx at July 13, 2021 12:21 PM (YboWf)
276 Yes it does. And when the inflation starts in earnest this fall as many are predicting and the Fed can't keep rates at zero, people are going to notice. When we get back to the mortgage rates of the 70s and 80s people will get pi$$ed and vote that way.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:03 PM (JUOKG)
Whip Inflation Now!
Posted by: Zombie Richard Nixon at July 13, 2021 12:13 PM (VqySH)
Posted by: Zombie Richard Nixon at July 13, 2021 12:21 PM (VqySH)
Get a white lab coat and walk around as if you know everything. Untouchable!
Posted by: Martini Farmer at July 13, 2021 12:19 PM (BFigT)
Heh!
Back when I was teaching at the local university where I don't teach anymore, I used to tell the students about lab coats. I suggested they get one and keep it. For exactly this reason. When you wear it, you acquire immediate bona fides. Its hilarious but it is true.
Posted by: Diogenes at July 13, 2021 12:22 PM (axyOa)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
Posted by: Romeo13 at July 13, 2021 12:16 PM (oHd/0)
It changed so quickly because Trump likes to print and spend like a Dem. But he also likes to cut taxes and deregulate things - so growth kept ahead of the inflation. The COVID lockdowns, the attendant unemployment, plus Biden's people in charge, and we know that shit is over, and investor and consumer confidence collapses.
That's why the breakneck fast change. The productivity fox was *just* pacing the inflation hound. One stumble and it's ovah.
Posted by: Yudhishthira's Dice at July 13, 2021 12:22 PM (7Ttpp)
Posted by: The MSM at July 13, 2021 12:22 PM (mR6Gs)
Posted by: The MSM at July 13, 2021 12:22 PM (mR6Gs)
Read "Rainbow 6" Tom Clancy, for the next shoe to drop. Except we do not have Rapid Response Team working to stop it.
Posted by: Paladin at July 13, 2021 12:22 PM (AF+lo)
Posted by: I used to have a different nic
I think it was posting issues.
Posted by: Tonypete at July 13, 2021 12:22 PM (mD/uy)
Posted by: 18-1 at July 13, 2021 12:22 PM (DpkTQ)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
Invest in "previous metals", especially the ones that go 3,900 ft/s?
Posted by: Thrawn at July 13, 2021 12:12 PM
I had been buying silver for quite some time before this mess started, 20 silver eagles every quarter for some years. I usually got them delivered for about ~$450. Now APMEX wants $773 to deliver the exact same thing to me. Not a millionaire or anything but I instantly made $7,000 overnight when covid hit. Now it's just a matter of timing the cash in right. Right now though I would not recommend buying silver because that bubble is gonna bust at some point.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:23 PM (JUOKG)
You will see shit you never thought possible. Ever.
Posted by: Common Tater at July 13, 2021 12:19 PM (qi/jp)
++++
Starting with imports. If the dollar loses its reserve status - either by our abdication or our trading partners' revolt - inflation is the least of our problems. Suddenly - very suddenly, like probably within a fiscal quarter - imports are going to get a lot more expensive and we won't have an industrial base to fall back on. Or people so willing to buy our treasury paper.
Under current conditions, that will be an "end of the world as we know it" thing. It may or may not be violent, but it will change absolutely everything almost immediately.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:23 PM (3p5uk)
I'm personally investing in crypto since it's the only undervalued market left that I can still invest in (forget real estate which I'm priced out of, tanks for that you stupid fucks), while it's generally perceived as risky assets the adoption rate is escalating significantly, and once it's no longer as volatile as it is now, bitcoin will be seen as the new digital gold.
Posted by: The Maskless Ranger at July 13, 2021 12:23 PM (ul1Jv)
Hayek, let the economy alone, and it will be OK. DON'T do debt, or try to manipulate it, as it is organic.
Keynes, debt does not matter, spend spend spend.
Trump followed Hayed, Dems are doing Keynes... and now our economy sucks.... and this change happened in a matter of MONTHS.
Posted by: Romeo13 at July 13, 2021 12:16 PM (oHd/0)
This isn't even Keynes. Half this shit is exactly what Keynes worried about. We have a financier class who are completely divorced from the rest of the economy who are responsible for encouraging this madness.
Posted by: Colorado Alex in Exile at July 13, 2021 12:23 PM (jOcSX)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
George Floyd
Posted by: JoeF. at July 13, 2021 12:23 PM (mR6Gs)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
Xi Jin-ping.
Posted by: Warai-otoko at July 13, 2021 12:23 PM (6FeV1)
so just like our voting system??
Posted by: will choose a nic later at July 13, 2021 12:23 PM (bTQ72)
Posted by: Xipe Totec at July 13, 2021 12:23 PM (o2MD2)
Posted by: Puddi Head at July 13, 2021 12:23 PM (bWXm6)
it'll come to me...something you should buy, i think....
i'll circle back to you on it
Posted by: Ron Paul at July 13, 2021 12:23 PM (YboWf)
Like unseen digital artwork sold to anonymous buyers. $500k here and $500k there, pretty soon you're talking real money!
Posted by: Hunter B. at July 13, 2021 12:24 PM (GuVSd)
At some point it all has to reset, which has long been envisioned as something that had to happen.
The problem is who comes out on top after it, it could be the US, even with as much destruction the left has inflicted on us, still comes out on top.
Posted by: Thomas Bender at July 13, 2021 12:24 PM (IEysS)
Posted by: Tonypete at July 13, 2021 12:24 PM (mD/uy)
Posted by: Hillary Clinton at July 13, 2021 12:24 PM (K2SnJ)
Folks,
Like many others have said, medium and long-term food storage like canned food, whole wheat, dried beans; precious metals such as silver and gold; concealable firearms and ammunition; required medicine and any required medical procedures; and all the other things talked about at Prepper: Surviving the Tough Times Ahead
Posted by: Bennidict Arnold at July 13, 2021 12:24 PM (fy/s7)
Posted by: 18-1 at July 13, 2021 12:22 PM (DpkTQ)
That balanced budget amendment actually had enough States Ratify it...
But a couple of states decided to rescind it in later legislative sessions, and a couple of States changed some minor language... so the Fed Gov will not ADMIT that it was ratified.
And, as the saying goes, it does not matter what the vote is, its who counts the votes.
Posted by: Romeo13 at July 13, 2021 12:24 PM (oHd/0)
Posted by: Justsayin' at July 13, 2021 12:24 PM (Fs5vw)
Posted by: Diogenes at July 13, 2021 12:22 PM (axyOa)
Hi-Viz orange vest if you are doing stuff out in public that you don't want to draw a lot of attention to. Hardhat for extra verisimilitude.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:24 PM (DXFDM)
Posted by: brak at July 13, 2021 12:24 PM (nyc/y)
But, I don't have enough hair on top for a righteous Mohawk.
Posted by: Paladin at July 13, 2021 12:25 PM (AF+lo)
These Karens don't even notice the "essential" employees working to get food ultimately into their DoorDash order.
Posted by: 18-1 at July 13, 2021 12:25 PM (DpkTQ)
Posted by: Colorado Alex in Exile at July 13, 2021 12:23 PM (jOcSX)
MMT is not Keynesianism.
MMT is to Economics what CRT is to Sociology. A pastiche of political nonsense and false assumptions masquerading as an academic system.
Posted by: Warai-otoko at July 13, 2021 12:25 PM (6FeV1)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
Rainbow Dildo Butt Monkey
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:25 PM (DXFDM)
Fuck them.
Posted by: JoeF. at July 13, 2021 12:25 PM (mR6Gs)
That brings back memories of their "Epic Rap Battle" from a few years ago.
Posted by: t-bird at July 13, 2021 12:25 PM (GuVSd)
Posted by: Paladin at July 13, 2021 12:25 PM (AF+lo)
That's why you target someone with hair first. Then you make a mohawk.
Posted by: WiNO - The Odds Are Never in Our Favor at July 13, 2021 12:26 PM (EpDzw)
Posted by: Joe XiDen at July 13, 2021 12:22 PM (f5V51)
Rainbow Dildo Butt Monkey
Stack them face up, please.
Posted by: t-bird at July 13, 2021 12:26 PM (GuVSd)
Fuck them.
Posted by: JoeF
We need common sense oligarch control!!
For reals.
Posted by: Tonypete at July 13, 2021 12:26 PM (mD/uy)
In addition, during times of hyperinflation precious metals, specifically gold LOSES value. I think it was Romania where we saw this in action.
The long and short of it there is don't rely on gold to save your ass in times of hyperinflation.
Posted by: The Maskless Ranger at July 13, 2021 12:26 PM (ul1Jv)
It wouldn't stop the debt bomb, but it would delay it.
Posted by: 18-1 at July 13, 2021 12:26 PM (DpkTQ)
Posted by: Joe XiDen at July 13, 2021 12:22 PM
We had a guy onboard ship that went around in coveralls with a tool bag and a couple of red tag out markers. No one ever saw him actually do anything but he was looked to be in a hurry every time I saw him.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:26 PM (JUOKG)
Posted by: 18-1 at July 13, 2021 12:22 PM (DpkTQ)
---
America had always been at war with Belgium.
Posted by: Ron Paul at July 13, 2021 12:26 PM (YboWf)
Gold isn't that great of a hedge because you can't eat it.
Real Estate is good if you can afford it.
But stocks are tied to company value, and the Intellectual Property and capital assets will grown in value with inflation.
Posted by: Dave in Fla (5p7BC) at July 13, 2021 12:26 PM (5p7BC)
Posted by: 18-1 at July 13, 2021 12:22 PM (DpkTQ)
---------
Divide any debt among the Congressmen and Senators.
Posted by: zmdavid at July 13, 2021 12:27 PM (xqRaG)
Posted by: Grudge Harbor at July 13, 2021 12:27 PM (uhPTO)
OMG! They are making Coats of of Labrador Retrievers!
Posted by: Twitter at July 13, 2021 12:27 PM (mR6Gs)
Lot of prepping to do.
Posted by: wth at July 13, 2021 12:27 PM (v0R5T)
Posted by: buzzsaw90 at July 13, 2021 12:28 PM (YboWf)
And think about the awesome things we can accomplish when everyone needs to present their social credit score at the foodline
heaven on earth.
fucking rainbow monkeys ...
Posted by: havelhavolim at July 13, 2021 12:28 PM (fLpTX)
https://is.gd/MoMu8L
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:28 PM (3p5uk)
I'd recommend reading up on people that lived through the last Depression. I'd also recommend buying a copy of Gardening When it Counts by Steve Solomon, in case you need it. The main thing will be communities. You don't want to deal with economic hardship where you have to go it on your own.
Posted by: Notsothoreau - look forward at July 13, 2021 12:29 PM (5HBd1)
Posted by: arminius256 at July 13, 2021 12:29 PM (Dpgtk)
Posted by: Thomas Bender at July 13, 2021 12:29 PM (IEysS)
Posted by: Colorado Alex in Exile at July 13, 2021 12:23 PM (jOcSX)
MMT is not Keynesianism.
MMT is to Economics what CRT is to Sociology. A pastiche of political nonsense and false assumptions masquerading as an academic system.
Posted by: Warai-otoko at July 13, 2021 12:25 PM (6FeV1)
Stephanie Kelton, the professor who has done the most to popularize MMT in the last few years, is nowhere to be found now.
Posted by: Darrell Harris at July 13, 2021 12:29 PM (5Ziye)
Lot of prepping to do.
Don't forget topsoil on a tarp!
Posted by: Seattle Autonomous Zone at July 13, 2021 12:30 PM (sTOQ8)
Not to worry, Preznint Chiquita will solve everything once she deposes SloJo.
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at July 13, 2021 12:31 PM (pNxlR)
Argentina Nationalized everyone 401K. Whatever their equivalent was.
Posted by: Paladin at July 13, 2021 12:31 PM (AF+lo)
Posted by: Twitter at July 13, 2021 12:27 PM (mR6Gs)
And it all comes full circle back to China.
Posted by: Warai-otoko at July 13, 2021 12:31 PM (6FeV1)
Posted by: BacktoGA at July 13, 2021 12:31 PM (MPYWI)
Certain commodities, rare earths, and finished goods - even wheel bearings - simply aren't made within our borders anymore. We're seeing huge cracks develop in supply chains. Finished cars and trucks, selling for close to $100k dollars - sitting in parking lots, useless and unsaleable for want of a certain SM chip or proprietary gee-gaw.
But it's worse than that. Ordinarily there is a "hard" currency to fall back on. When say, Argentina or Venezuela goes tits up economically, they fall back on dollar payments. No imports without cash on the barrel head. No "90 days net"; as we saw in the 2008 debacle, credit is the linchpin that keeps everything moving.
If the dollar shits the bed, so to speak, then what?
Imagine though - for just one example albeit important - NO COFFEE. We don't grow it in the United States. Sure, Hawaii. But be realistic.
Does $500 a pound sound "fair"?
Posted by: Common Tater at July 13, 2021 12:31 PM (qi/jp)
A skinny man with two-tone shoes
Cause tonight they're arranging
A small reception just for me
Behind the big casino by the sea
I know what happens
I read the book
I believe I just got
The goodbye look
Posted by: Truck Monkey Report at July 13, 2021 12:31 PM (flINI)
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:31 PM (Zz0t1)
Does it help if I also noted every way has to start with the reduction of the enemy's cities and infrastructure by massive air bombardment?
Posted by: 18-1 at July 13, 2021 12:31 PM (DpkTQ)
It's entirely possible at this moment as well.
TPTB are are escalating at Mitch's request.
Posted by: Skarp Hedin at July 13, 2021 12:32 PM (1ais2)
************************
90% of hedge funds will be increasing their bitcoin portfolio by end of 2021.
There are also incoming ETFs so you can invest in crypto with your normal portfolio, which alone is going to be rocket fuel. My concern is SEC is dicking around on this, but I suspect its because they are in league with smart money to surpress the price until theyve accumulated enough, which means the price is discounted right now.
Bitcoin is also undergoing a significant milestone upgrade in November. On top of that it would be a bad idea to fixate on Bitcoin alone as I think Ethereum is where the real fun is going to happen.
Posted by: The Maskless Ranger at July 13, 2021 12:32 PM (ul1Jv)
Posted by: Joe Mannix (Not a cop!)
Not directly related but this made me remember that there are kids born in the late 90s/early 2000s that bring up pictures from Penthouse, Hustler, Oui, Beaver Hunt, Gallery, Juggs, etc. and say -
Mom?!
Posted by: Tonypete at July 13, 2021 12:32 PM (mD/uy)
Posted by: pep at July 13, 2021 12:13 PM (ZsR3z)
Endorsed
Posted by: ... at July 13, 2021 12:33 PM (gLfDQ)
Dunno, but it will be soon to be celebrated child porn picture.
Posted by: Getting the banned back together at July 13, 2021 12:33 PM (DMaWQ)
Mitch is 79 years old, he ain't running for Senate again.
There's a better chance he dies in office before he's ever removed.
Posted by: Thomas Bender at July 13, 2021 12:33 PM (IEysS)
Posted by: Paladin at July 13, 2021 12:25 PM (AF+lo)
Nothing wrong with a butt mohawk, sweety.
Posted by: Rainbow Dildo Butt Monkey at July 13, 2021 12:33 PM (wAnMi)
Posted by: zmdavid at July 13, 2021 12:33 PM (xqRaG)
So question for the horde: is it okay to crack a beer while I work on this?
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:34 PM (3p5uk)
Bitcoin is a mirage. There was a lot of Chinese money involved early on both in terms of mining and direct investment. Easiest way for some of their people to offshore money in a moderately untraceable way. Now that China has more or less outlawed "unapproved" mining, I suspect Bitcoin's price will stagnate until some major external event moves the needle.
Otherwise, there's gonna be a huge number of pump-and-dump alternative crypto currencies in the next few years, and they're gonna spoil the entire bunch of crypto for all but the most savvy investors.
Posted by: Walter Freeman at July 13, 2021 12:34 PM (+WWsf)
Posted by: Thomas Bender at July 13, 2021 12:33 PM (IEysS)
As long as we get video.
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 12:34 PM (wAnMi)
Posted by: Justsayin' at July 13, 2021 12:34 PM (Fs5vw)
Posted by: Joe Mannix (Not a cop!)
It's required!
Posted by: Tonypete at July 13, 2021 12:34 PM (mD/uy)
Step 2. Send everyone home and close the doors.
Step 3. Come back in a year and see where we stand.
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:34 PM (Zz0t1)
Colombia: inflation, 3.6%; debt, 0.63Peru: inflation, 3.3%; debt, 0.35
These account for about 70% of Latin America's population and production.
Posted by: Art Deco at July 13, 2021 12:34 PM (1BrBu)
Posted by: The Maskless Ranger at July 13, 2021 12:32 PM (ul1Jv)
Yeah, Bitcoin is like digital gold (store of large wealth), but Ethereum has a lot more utility in the protocol and stands to be more prominent, in my opinion.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:34 PM (DXFDM)
We lost. We lost hard. We lost in ways that were never heretofore contemplated.
Lost lost lost lost lost.
And Math shall have its chupacabra way with us all.
Posted by: alexthechick at July 13, 2021 12:34 PM (mf5HN)
There's a better chance he dies in office before he's ever removed.
Posted by: Thomas Bender at July 13, 2021 12:33 PM (IEysS)
------
I hope it happens while he's blathering through his turtle-snout on TV. I'd like to have video of that old cocksucker meeting his reward.
Posted by: Yudhishthira's Dice at July 13, 2021 12:34 PM (7Ttpp)
It'll
take us a while to reach the levels of violent crime you see in Brazil,
Mexico, and Colombia. I think our homicide rate has already surpassed
Argentina's and Peru's. And it's a reasonable wager they all now have
cleaner elections than we do.
Posted by: Art Deco at July 13, 2021 12:35 PM (1BrBu)
Does it help if I also noted every way has to start with the reduction of the enemy's cities and infrastructure by massive air bombardment?
Posted by: 18-1 at July 13, 2021 12:31 PM (DpkTQ)
---
America had always been at war with Democrats.
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
Posted by: Mr Aspirin Factory at July 13, 2021 12:35 PM (g1cLR)
reserve status - either by our abdication or our trading partners'
revolt - inflation is the least of our problems. Suddenly - very
suddenly, like probably within a fiscal quarter - imports are going to
get a lot more expensive and we won't have an industrial base to fall
back on. Or people so willing to buy our treasury paper.
Under current conditions, that will be an "end of the world as we
know it" thing. It may or may not be violent, but it will change
absolutely everything almost immediately.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:23 PM
I know china wants their currency to be king, but if we go tits up the world pretty much shuts down. We saw that as recently as 2008. That technically met the definition of a depression even if no one wants to admit it and the entire world felt it for years.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:35 PM (JUOKG)
Posted by: ... at July 13, 2021 12:35 PM (gLfDQ)
Posted by: Joe Mannix (Not a cop!)
That's a joke, right?
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 12:35 PM (wAnMi)
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
MMT is to Economics what CRT is to Sociology. A pastiche of political nonsense and false assumptions masquerading as an academic system.
Posted by: Warai-otoko at July 13, 2021 12:25 PM (6FeV1)[i/]
This isn't even MMT, which openly states that inflation is the primary constraint on government spending and recognizes the dangers of too much spending in certain ways.
This is simply desperate short-term ploys by the managerial class to cook the books and keep the markets afloat for another day, at the expense of long-term health. The problem is that for the past thirty years we've encouraged a society of increased indebtedness and speculation. It's the other side of the outsourcing: hyperefficiency in order to maximize returns, but at the cost of massively increased risk.
Posted by: Colorado Alex in Exile at July 13, 2021 12:35 PM (jOcSX)
Doubtful that that many will increase holdings in any meaningful way.
Posted by: Walter Freeman at July 13, 2021 12:36 PM (+WWsf)
Posted by: Yudhishthira's Dice at July 13, 2021 12:36 PM (7Ttpp)
So question for the horde: is it okay to crack a beer while I work on this?
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:34 PM (3p5uk)
As long as you stop either drinking or working the presentation when you notice the sarcasm is creeping into your work.
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:36 PM (Zz0t1)
Posted by: ... at July 13, 2021 12:35 PM (gLfDQ)
++++
Well done, ellipsis. Very well done. It's good thing I don't have anyone near me, or they'd wonder why I just busted up laughing.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:36 PM (3p5uk)
Posted by: Warai-otoko at July 13, 2021 12:36 PM (6FeV1)
Posted by: Yudhishthira's Dice at July 13, 2021 12:34 PM (7Ttpp)
The horde mind is a scary thing.
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 12:36 PM (wAnMi)
Posted by: Marcus T, Deus Lo Vult at July 13, 2021 12:36 PM (VpIIl)
Lost lost lost lost lost.
And Math shall have its chupacabra way with us all.
Posted by: alexthechick at July 13, 2021 12:34 PM (mf5HN)
------------
Yeah, the math says "when" not "if" when it comes to financial collapse.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:36 PM (2SdPm)
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:36 PM (Zz0t1)
++++
This is solid advice.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:37 PM (3p5uk)
Posted by: dartist at July 13, 2021 12:37 PM (+ya+t)
Hard assets. Land (bill Gates does), real estate (Blackrock does), dry goods including foods (warehouse space is going for a premium and is still scarce right now), precious metals (central banks do), printed how-to books, barter goods, and last but definitely not last, precision machined steel and aluminum and lead/brass (the whole country is doing it).
Posted by: GnuBreed (FoYaR) at July 13, 2021 12:37 PM (F0YaR)
Posted by: Gref at July 13, 2021 12:37 PM (AMIL/)
Posted by: Thomas Bender at July 13, 2021 12:33 PM (IEysS)
------
I hope it happens while he's blathering through his turtle-snout on TV. I'd like to have video of that old cocksucker meeting his reward.
Posted by: Yudhishthira's Dice at July 13, 2021 12:34 PM (7Ttpp)
***
I'd like to see a few of them put on an R. Budd Dwyer show...
Posted by: Truck Monkey Report at July 13, 2021 12:37 PM (flINI)
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
Wind and solar will prevent this, so you're good.
- ERCOT
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:37 PM (Zz0t1)
This busty blonde in a bikini has some "crash protection" if you know what I mean...
https://is.gd/MoMu8L
Posted by: Joe Mannix
____________________
I'd hit it...
*hic*
Posted by: Hillary Clinton at July 13, 2021 12:38 PM (K2SnJ)
Lessee if this is a replay of the 70s and/or Latin American style kamikaze inflation...
1) Carjackings will dramatically increase. Get the one of the guns that were made specifically to...uh..dissuade carjackers.
Tarus Judge or S&W Guv'nah
2)Cut expenses everywhere you can
3) Fill your car every chance you get with gas
4) Buy buy buy Bitcoin!!!!!*
*Do not buy buy buy bitcoin. Change your mix of stocks and bonds.
Posted by: naturalfake at July 13, 2021 12:38 PM (EERbD)
Ammo. LOTS of ammo. And instruments of implementing it. These are the only things totally recession-proof. Like gold, they are never going to be worth zero, and will be the dead-last thing you wish you had when it all goes to hell.
Posted by: Mr Wolf at July 13, 2021 12:38 PM (cOa5E)
Orangemanbad, and you bastards voted for him and you deplorables deserve this for briefly remembering what America used to be.
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:38 PM (em09h)
Crash, in which case I'd hate to be a debtor.
Runaway, crack-up boom (Zimbabwe) in which case you should be a debtor. You can pay back your debt in inflated money.
Crash and then boom, in which case we're all screwed.
If you're in a market that produces capital goods, you're probably screwed.
If you can produce consumer goods, be a writer, sell hot dogs off a truck, grow your own veggies, you might get some amelioration. People always need stuff.
Posted by: SkylerKat at July 13, 2021 12:38 PM (SXIn9)
Posted by: Oddbob at July 13, 2021 12:19 PM (nfrXX)
++++
I'm of two minds about that. The budget monster needs to be tamed and destroyed, but Trump wasn't the man to do it. Importantly, he never claimed to be. Trump's a spendthrift, and he was pretty open about that even when he was campaigning the first time. He wanted to stop some of the open fraud and theft (and failed to do so when he lost the government shutdown battle), but he wasn't particularly interested in spending less money.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:20 PM (3p5uk)
That's only partially true. He was obviously unhappy with the ridiculous spending bills budgetary genius Paul Ryan sent him but had no party support in a possible veto.
Posted by: Captain Hate Won't Forget Ashli Babbitt at July 13, 2021 12:38 PM (y7DUB)
Lost lost lost lost lost.
And Math shall have its chupacabra way with us all.
Posted by: alexthechick at July 13, 2021 12:34 PM (mf5HN)
--------
We lost so bad that a theoretical fiscally responsible politician could never get elected. We just have to wait for the collapse.
Posted by: zmdavid at July 13, 2021 12:38 PM (xqRaG)
Posted by: Mister Scott (formerly GWS) at July 13, 2021 12:35 PM (JUOKG)
The problem right now is that no matter how bad it gets for the Dollar, the rest of the world is worse off. Part of the reason that we've gone on as long as we have is because pumping out those dollars kept other currencies propped up and kept governments from completely collapsing.
Posted by: Colorado Alex in Exile at July 13, 2021 12:38 PM (jOcSX)
This is solid advice.
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:37 PM (3p5uk)
Not that I speak from experience on the matter or anything. Nope.
Not at all.
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:39 PM (Zz0t1)
Posted by: NaCly Dog at July 13, 2021 12:39 PM (u82oZ)
Posted by: Braenyard at July 13, 2021 12:39 PM (vW9Vw)
Here's my idea: a pillow with a sewn-in holster that allows you safely sleep with a gun "under" (really in) the pillow.
I call it MyKillow.
Posted by: Yudhishthira's Dice at July 13, 2021 12:39 PM (7Ttpp)
And we're going to grow the GDP by 8 or 9 percent! What do you mean where did the other 4 or 5 percent of $22,000,000,000,000 go? Shut up you Racists!!
Posted by: The Ruling class at July 13, 2021 12:39 PM (Wm5SB)
Posted by: Wolfus Aurelius at July 13, 2021 12:39 PM (/XOcP)
Posted by: buzzsaw90 at July 13, 2021 12:39 PM (YboWf)
Posted by: ZOD at July 13, 2021 12:39 PM (xK9An)
We get a reset even back to seventies technology and bitcoin becomes worthless.
It never ceases to amaze that people think our lifestyle is normal. In the history of the world, our current lifestyle isn't even the length of time it takes to blink an eye.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:39 PM (2SdPm)
Nothing I've seen to this point tells me my crazy tin-foil hat was misshapen.
It seems to me the worst thing to be during hyperinflation is to be cash flush. Metals track inflation, but in a true crash probably aren't as useful as they could be. Seems like durable, tradable goods would be the best place to have your relative wealth stored. Even better if they can be traded incrementally.
A chicken is a fine investment, $5 on the front end and it produces 15 cents a day during peak season and may be cashed in for $5 at its completion.
Posted by: Bitter Clinger at July 13, 2021 12:40 PM (7F9te)
**
I'm not asking this jokingly:
When is the last time you remember a federal-level politician running on or talking about paying our bills and minding a budget?
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:40 PM (em09h)
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:36 PM (2SdPm)
++++
Your commitment to this concept is distressing and belies your underlying motivations and biases. "The math says that..." is the ultimate cop-out of mindset that is being rightfully relegated to the dustbin of history.
"The math" says nothing. Math as it is constructed today is merely a colonial manifestation of rigid white supremacy. Claims that math is "objective" or "constant" are farcical in the extreme, and it is used as an attempted sticksave for the oppressive systems that worship it's supposed objectivity to use it as a cudgel against the oppressed people upon which those systems are built.
Objective math is a constructed framework of oppression. As we are now learning on the leading edges of academic development, math is as subjective as the rest of our human constructs. *The* math doesn't dictate failure - *your* math does. And your math, like you yourselves, is on the way out. It and you are being replaced by more efficacious modalities.
Posted by: Your Kid's Economics Professor at July 13, 2021 12:40 PM (3p5uk)
Mitch is 79 years old, he ain't running for Senate again.
There's a better chance he dies in office before he's ever removed"
Ok. I don't know I guess my point wasn't clear somehow. I don't know how. But fine.
Ctrl-f GOP with positions of power.
Tedious
Posted by: Skarp Hedin at July 13, 2021 12:41 PM (1ais2)
Nothing I've seen to this point tells me my crazy tin-foil hat was misshapen.
**
This isn't a conspiracy theory. The WEF has been very clearly and publicly stating that this was their plan.
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:41 PM (em09h)
If you fear government seizure, invest in professional expertise that cannot be stolen. And be ready to relocate.
Posted by: steve poling at July 13, 2021 12:41 PM (J3cMN)
Posted by: Twitter at July 13, 2021 12:27 PM (mR6Gs)
----They ran out of Dalmatians...
Posted by: Better-Than-Sex-Cake is not at July 13, 2021 12:42 PM (BpGLS)
I miss Monty and his doooom!!!
Posted by: Madamemayhem (uppity wench) at July 13, 2021 12:42 PM (Vxu+H)
Posted by: Braenyard at July 13, 2021 12:42 PM (vW9Vw)
Trump first act upon assuming office was to propose a budget that spent less than the previous budget and was tied to tax receipts.
The GOP controlled Senate and House told him his budget was dead on arrival.
And to a very large extent, the GOP is responsible for our current debt being as they've controlled the house for 20 of the last 28 years.
Or alternatively...
The GOP is a useless pile of dog shit.
Posted by: Thomas Bender at July 13, 2021 12:42 PM (IEysS)
Or don't pay it back, no one else will be.
Posted by: sniffybigoe at July 13, 2021 12:42 PM (Y5qcH)
*****************
lol, 10% increases is a bit significant, even 5% would be felt in the markets dramatically.
Posted by: The Maskless Ranger at July 13, 2021 12:43 PM (ul1Jv)
*************
I forget if the BTC upgrade will provide it the ablity to do smart contracts as well, think it does, and the speed improvements provide it more viability as a currency. It'll be interesting to see how it goes, but I definitely think this is an undervalued market. The only one left likely.
You just have to deal with the volatility which is really unnerving, but it's also how the market used to behave before the fed manipulated things.
Posted by: The Maskless Ranger at July 13, 2021 12:43 PM (ul1Jv)
Objective math is a constructed framework of oppression. As we are now learning on the leading edges of academic development, math is as subjective as the rest of our human constructs. *The* math doesn't dictate failure - *your* math does. And your math, like you yourselves, is on the way out. It and you are being replaced by more efficacious modalities.
Posted by: Your Kid's Economics Professor at July 13, 2021 12:40 PM (3p5uk)
--------------
Did someone write a "Math to CRT" translator? If so, I doff my cap in their direction.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:43 PM (2SdPm)
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:40 PM (em09h)
++++
Bush 43 pretended to, and Cheney played the "bad cop" on that one to make sure that it didn't happen. Before that, the last serious discussion was in the Clinton administration, about what to do with the "surplus."
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:43 PM (3p5uk)
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
I was lucky enough to be part of what may have been a dry run several years back, when somebody took out a fiber optic line in the South Bay. Nothing, and I mean nothing worked. All we had was electricity. And that's an easy fix - and could have been taken care of at the same substation. While the little shack now looks like a fucking high security prison compound, I don't think they took away a single lesson other than making it harder to access. There.
If the lack of cell phones, land lines and functioning businesses had gone on much longer than 24 hours, people would have lost it. Some already did. We depend entirely too much on something that didn't exist 25 years ago. I can't believe a business grinds to a halt, because their computers don't work.
Anything on an epic scale, like an EMP and all hell would break loose. Bitcoin is far too dependent on the flimsiest of foundations.
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 12:43 PM (wAnMi)
There are stories from the Depression about people that couldn't give away property. No one could afford the taxes.
Posted by: Notsothoreau - look forward at July 13, 2021 12:43 PM (5HBd1)
isn't dollmation the technique used to create the thunderbirds series back in the '60s?
Posted by: Comrade Anachronda, behind the Newsom curtain at July 13, 2021 12:44 PM (v3pYe)
Posted by: naturalfake at July 13, 2021 12:44 PM (EERbD)
Posted by: Valiant at July 13, 2021 12:44 PM (3MiF8)
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:44 PM (em09h)
Posted by: Diogenes at July 13, 2021 12:22 PM
Don't forget a clipboard. Very important, the clipboard.
Posted by: RedMindBlueState at July 13, 2021 12:44 PM (m+jkK)
*************
I guess you always pay cash and never use credit cards?
Posted by: The Maskless Ranger at July 13, 2021 12:45 PM (ul1Jv)
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
.........
I keep mine in the trunk of my EV.
Posted by: wth at July 13, 2021 12:45 PM (v0R5T)
And, yeah, I know MyKillow is a dumb, pointless idea. But maybe enough people would buy it to make me rich. At very least, it would give me a reason to set up a tradeshow booth next to David Hogg's BitePillow, or whatever he calls it.
Posted by: Yudhishthira's Dice at July 13, 2021 12:45 PM (7Ttpp)
Posted by: buzzsaw90 at July 13, 2021 12:35 PM (YboWf)
Or your Bitcoin dealer dies sand doesn't reveal the password.
Posted by: Justsayin' at July 13, 2021 12:45 PM (Fs5vw)
We just need a healthy polity.
It's is the combination of disastrous monetary + America last and eco bullshit that going to sink us. the former isn't existential of the latter is healthy
Posted by: havelhavolim at July 13, 2021 12:45 PM (fLpTX)
Posted by: The Maskless Ranger
But you suggest crypto as the better idea? I have never bought an ounce of gold or silver, but buying something that is just a pyramid scheme? You do not see that crypto is just a pyramid scheme? What is the use of crypto?
To buy illegal stuff? I do not need to do that?
To do transactions without paying taxes? Well my tax guy/accountant asked me, for the first time this year, if I did anything with crypto. Which I do not, so the discussion ended there. But it seems the government are closing in on that idea.
I have noticed that when the markets correct, crypto also corrects. So what makes you think this new form of currency is a good hedge?
I have no doubt that you have made money quote/unquote investing in crypto.
I appreciate your post. Mostly trying to see if I am wrong about crypto.
Posted by: MikeM at July 13, 2021 12:45 PM (bi4aa)
i'd prefer to use a motor sickle. great labor-saving device. and better than a pickle.
Posted by: Comrade Anachronda, behind the Newsom curtain at July 13, 2021 12:45 PM (v3pYe)
Posted by: Mad Max in VA at July 13, 2021 12:45 PM (pT2Ef)
Posted by: MAGA (stop the steal link in this nic) at July 13, 2021 12:46 PM (eMEkg)
Discuss.
Posted by: naturalfake at July 13, 2021 12:44 PM (EERbD)
Yes. I found it oddly distracting when he was in Justified. My wife said "no wonder he usually has a mustache."
Posted by: Pug Mahon, Sportin' a Bowler and a Slayer T-shirt at July 13, 2021 12:46 PM (xPJvm)
Yes she is exceptionally beautiful but after a certain age, you notice things other than beauty, like those expertly crafted set of stairs.
Posted by: Thomas Bender at July 13, 2021 12:46 PM (IEysS)
Posted by: The Maskless Ranger at July 13, 2021 12:45 PM (ul1Jv)
-----------
As much as possible, yes.
I used a credit card for online luxury purchases. If that goes away, oh well.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:46 PM (2SdPm)
-------------
Yep, The rule of law and the property rights that go with it is part of our foundation and what sets us apart.
Posted by: Braenyard at July 13, 2021 12:46 PM (vW9Vw)
It was called BitStop (I guess a play on pit stop).
Posted by: Bitter Clinger at July 13, 2021 12:46 PM (7F9te)
Posted by: Notsothoreau - look forward at July 13, 2021 12:46 PM (5HBd1)
Posted by: havelhavolim at July 13, 2021 12:47 PM (fLpTX)
Does $500 a pound sound "fair"?
I'll start saving my grounds for you. $250/lb, only used one time!
Posted by: t-bird at July 13, 2021 12:47 PM (W66RU)
Posted by: Bete at July 13, 2021 12:47 PM (Ojki1)
Posted by: Joe XiDen at July 13, 2021 12:47 PM (f5V51)
***************
You can store bitcoin in hardware wallets independent of any grid.
Honestly research crypto before buying into the myths.
If I had to make a suggestion, I would see if the ETFs arrive this summer and then make BTC and Ethereum at least 5% to 10% of your normal portfolio buy adding one of these ETFs.
Posted by: The Maskless Ranger at July 13, 2021 12:47 PM (ul1Jv)
Posted by: RedMindBlueState at July 13, 2021 12:47 PM (m+jkK)
Posted by: NaCly Dog at July 13, 2021 12:47 PM (u82oZ)
Posted by: JAS, AoSHQ addict at July 13, 2021 12:17 PM (xopIz) "
" ... I think the best way to crash-proof now is to quit watching the news...and I've done that already.
Posted by: Diogenes at July 13, 2021 12:17 PM (axyOa) "
move out of the city to a red area, learn to garden bigly are a few others.
Posted by: sock_rat_eez, we're not doing hash-in-nic anymore? at July 13, 2021 12:47 PM (T/XHv)
**************
Completely retarded and ignorant statement.
Posted by: The Maskless Ranger at July 13, 2021 12:48 PM (ul1Jv)
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:39 PM (2SdPm)
If things regress to the point where you can't even trade crypto, then losing my crypto is pretty far down on the list of my concerns.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:48 PM (DXFDM)
Bailouts for billionaires, we have been on this path ? since 1913? idk, Nixon (full end of any gold backed currency) was just one of many steps. Bernanke lied when we started QE, which is just the initial step toward MMT .... which will be even bigger when we get out crypto USD.
"Productive Assets" has been my theme since going rural in 1999. But not being full "in the market" means those that "trust the system" got very rich, while I lamented the financial chicanery. ...
But average guy looking to "prep" for a crash, but still carry on? It depends ... preserve wealth? Safety? survival? ... So many possible scenarios. Federal Gov at War with Red State America, is a big problem. No hiding if they win ... or hiding and surviving, but not thriving maybe. ... The Beast has to be slain.
Posted by: illiniwek at July 13, 2021 12:48 PM (Cus5s)
Posted by: ZOD at July 13, 2021 12:48 PM (xK9An)
Posted by: Warai-otoko at July 13, 2021 12:48 PM (6FeV1)
Posted by: Hillary! at July 13, 2021 12:48 PM (Zz0t1)
Posted by: Tonypete at July 13, 2021 12:49 PM (mD/uy)
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:49 PM (3p5uk)
Posted by: RedMindBlueState at July 13, 2021 12:44 PM (m+jkK)
Indeed!
the first and most important accoutrement.
Posted by: Diogenes at July 13, 2021 12:49 PM (axyOa)
Posted by: Valiant at July 13, 2021 12:44 PM (3MiF
----------
Why would they want to take over a country they already control?
Posted by: zmdavid at July 13, 2021 12:49 PM (xqRaG)
I'm not a crypto guy, I don't own any. But my incomplete understanding is that there is limited supply of BTC, but some of the other ones use some kind of techno razzle-dazzle to obviate that problem.
Posted by: Yudhishthira's Dice at July 13, 2021 12:49 PM (7Ttpp)
Not print it but make it the old fashioned way. If he had had four consecutive years all the extra corporate and private income would have met the goal.
Posted by: Braenyard at July 13, 2021 12:49 PM (vW9Vw)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:49 PM (V6f9+)
Posted by: Bitter Clinger at July 13, 2021 12:49 PM (7F9te)
>>What I really want to know is: Is her grandmother widowed?
And does her little rascal have a jump seat.
Posted by: Thomas Bender at July 13, 2021 12:50 PM (IEysS)
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:40 PM (em09h)
Gore's social security lockbox.
Posted by: Captain Hate Won't Forget Ashli Babbitt at July 13, 2021 12:50 PM (y7DUB)
Without a new insulin supply, my wife has up to 60 days to live.
Posted by: NaCly Dog at July 13, 2021 12:50 PM (u82oZ)
Posted by: Skarp Hedin at July 13, 2021 12:50 PM (1ais2)
Posted by: Notsothoreau - look forward at July 13, 2021 12:50 PM (5HBd1)
more skeptical, now, that looting and rioting of any scale is
"organic," especially the scale of looting shown in some of the videos. Anymore, the question I ask second (after the initial "What in the heck???") is "who is benefiting from this activity?"
Posted by: Better-Than-Sex-Cake is not at July 13, 2021 12:50 PM (BpGLS)
*************************'
That begs the question how is bitcoin different from our money now? Most of it exists only digitally and only becomes something we hold in our hands when we use an ATM, and banks only hold a portion of the capital.
In addtion its possible to keep ALL of your bitcoin in a hardware wallet independent of any bank, institution or exchange, and is still there if the electricity goes down.
Posted by: The Maskless Ranger at July 13, 2021 12:50 PM (ul1Jv)
Posted by: Alec Leamas at July 13, 2021 12:50 PM (ssz2a)
Posted by: RedMindBlueState at July 13, 2021 12:44 PM (m+jkK)
++++
When I was but a lad, I had a teacher say something very cynical. I later learned that he was more or less right - especially after dealing with McKinsey Consulting:
"Being an expert is the easiest thing in the world. Just carry a briefcase and make sure you work at least fifty miles from home."
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:50 PM (3p5uk)
I think your instinct is correct, as I have long believed this was actually planned to occur under Hillary. Likely at the same time. Election year. Impossible for an opponent to get a foothold, easy to make the fraud seem legit.
It just so happened it could also be used to get rid of Trumpy.
Posted by: ... at July 13, 2021 12:50 PM (gLfDQ)
Posted by: ZOD at July 13, 2021 12:51 PM (xK9An)
Posted by: GnuBreed (FoYaR) at July 13, 2021 12:37 PM (F0YaR)
I have all my money in porno magazines. Tens of millions of people going cold turkey from internet porn will keep me flush in potatoes and slaves.
Posted by: Hunter Biden, Financial Advisor to the CCP at July 13, 2021 12:51 PM (Wm5SB)
Well, the Republicans choose Dennis Hastert as Speaker of the House in 1999...after the left conspired against those ahead of him in line...
Posted by: 18-1 at July 13, 2021 12:51 PM (DpkTQ)
There's a whole generation of WWII British kids who grew up learning that their Peter Rabbit books had much different endings than real life did.
Posted by: Walter Freeman at July 13, 2021 12:51 PM (+WWsf)
Completely retarded and ignorant statement.
Posted by: The Maskless Ranger at July 13, 2021 12:48 PM (ul1Jv)
Educate me.
Miners expend resources in a lottery slash race against time to add transactions to the blockchain. Without this bit coin is useless.
The payout for a success is tiny bit of bitcoin. Bitcoin is capped, beyond x bitcoin there will be no more. And thus no more payout. The payout will be fees. Increasingly expensive fees to transact.
Where is this wrong?
Posted by: havelhavolim at July 13, 2021 12:51 PM (fLpTX)
Not print it but make it the old fashioned way. If he had had four consecutive years all the extra corporate and private income would have met the goal.
Posted by: Braenyard at July 13, 2021 12:49 PM (vW9Vw)
--------------
Yep. PDT wanted to the GOP to do what it talked about, which was get the budget under control and also grow the tax base.
The GOP refused to do either.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:51 PM (2SdPm)
I have all my money in porno magazines. Tens of millions of people going cold turkey from internet porn will keep me flush in potatoes and slaves.
Posted by: Hunter Biden, Financial Advisor to the CCP at July 13, 2021 12:51 PM (Wm5SB)
------
Yeah see, this guy - nay, this visionary - gets it.
Posted by: Sears Catalog at July 13, 2021 12:52 PM (7Ttpp)
If the insulin needs to be refrigerated, there are small 12v fridges that can easily be powered with solar. Same thing for those using cpaps. Solar can be a good backup. It won't help with the drug supply, but can help preserve what you have on hand.
Posted by: Notsothoreau - look forward at July 13, 2021 12:52 PM (5HBd1)
Posted by: sniffybigoe at July 13, 2021 12:52 PM (Y5qcH)
Posted by: Joe XiDen at July 13, 2021 12:52 PM (f5V51)
Getting all the permits and occupational licenses is a bitch and a half, though.
Posted by: Warai-otoko at July 13, 2021 12:52 PM (6FeV1)
Posted by: The Maskless Ranger at July 13, 2021 12:43 PM (ul1Jv)
Me too. That's where I've been focusing my crypto buys.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:52 PM (DXFDM)
That is...perfection, Joe.
Best in show.
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:49 PM (V6f9+)
Concur.
If I wasn't over 29 I'd be in my bunk...but if I did that I'd just take a nap.
Posted by: Diogenes at July 13, 2021 12:52 PM (axyOa)
Posted by: Mad Max in VA at July 13, 2021 12:45 PM (pT2Ef)
-----
Thinking the same thing.
Posted by: MAGA (stop the steal link in this nic) at July 13, 2021 12:53 PM (eMEkg)
************
it has all the qualities of gold, but the difference is most institutional investors still regard it as a risky asset, not an inflation hedge, so its price action is more correlated to the stock market. It'll get there I believe, but not yet.
Posted by: The Maskless Ranger at July 13, 2021 12:53 PM (ul1Jv)
Posted by: The Maskless Ranger at July 13, 2021 12:50 PM (ul1Jv)
------------
I do not question the validity of bitcoin.
I question the technological premise upon which it is based.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 12:53 PM (2SdPm)
Posted by: Notsothoreau - look forward at July 13, 2021 12:50 PM (5HBd1)
Depends on various factors. What count fiber was damaged can be a big one.
Posted by: Mr Aspirin Factory at July 13, 2021 12:53 PM (g1cLR)
Posted by: Walter Freeman at July 13, 2021 12:53 PM (+WWsf)
Posted by: Notsothoreau - look forward at July 13, 2021 12:53 PM (5HBd1)
Posted by: Twitter at July 13, 2021 12:53 PM (mR6Gs)
I bet she means $100 billion to the Obama, Clinton, Soros, and Gates Foundations to have them combat global warming in underprivileged foreign countries. John Kerry will be in there somewhere, too, because "An Ass Will Lead Them".
Posted by: t-bird at July 13, 2021 12:53 PM (OMKK+)
Posted by: Bitter Clinger at July 13, 2021 12:40 PM (7F9te) "
out here they are called "spent hens", and typically go for $1.50 each alive or 2.50 3.00 dressed.
usually tough, but flavorful; good for making soup.
in September we fill one of the freezers with 'em.
Posted by: sock_rat_eez, we're not doing hash-in-nic anymore? at July 13, 2021 12:53 PM (T/XHv)
Posted by: Marcus T, Deus Lo Vult at July 13, 2021 12:54 PM (VpIIl)
Posted by: Archer at July 13, 2021 12:54 PM (gmo/4)
The left benefits from lawlessness - we need new programs NOW!...but the whole "defund the police" movement cuts against that. They want more police...just not the old traditional sort.
And of course the left also benefits by building up paramilitaries that will work with them, if not exactly under their direct control.
I would love to see some intel on how antifa (strict heirachy reporting up to...someone) and BLM (all over the place from parallel units to antifa to the local drug gangs) work together on looting and destruction of neighborhoods.
Posted by: 18-1 at July 13, 2021 12:54 PM (DpkTQ)
But I think they wanted to talk to me about my expired auto warranty.
Posted by: GnuBreed (FoYaR) at July 13, 2021 12:54 PM (F0YaR)
Posted by: alexthechick at July 13, 2021 12:34 PM
Is that better or worse than Math having its otter way with us?
Posted by: RedMindBlueState at July 13, 2021 12:54 PM (m+jkK)
Posted by: 18-1 at July 13, 2021 12:51 PM (DpkTQ)
Putting a pervert like Hastert as Speaker of the House was my first clue that maybe the GOP didn't really reflect my values.
Posted by: Captain Hate Won't Forget Ashli Babbitt at July 13, 2021 12:55 PM (y7DUB)
Posted by: Braenyard at July 13, 2021 12:55 PM (vW9Vw)
Posted by: The Maskless Ranger at July 13, 2021 12:55 PM (ul1Jv)
Posted by: Doom at July 13, 2021 12:55 PM (yQpMk)
Posted by: Archer at July 13, 2021 12:55 PM (gmo/4)
Bad guys conspire to ruin you, me, our families, friends, our country.
The Horde gets that. Normies don't.
Posted by: callsign claymore at July 13, 2021 12:56 PM (P38K/)
You may have heard already, but the French do like to stew their old hens and roosters in wine.
Posted by: Walter Freeman at July 13, 2021 12:56 PM (+WWsf)
Posted by: Joe XiDen at July 13, 2021 12:56 PM (f5V51)
Posted by: Notsothoreau - look forward at July 13, 2021 12:43 PM (5HBd1)
I've found problems when trying to rely on that book. Mainly due to lack important details.
I haven't come close to reading it all yet, but I'd recommend "Escape the City" by T. Corcoran. It's a massive two-volume, nearly 1000 page set organized a very engineer/Aspie friendly way. It's the opposite of the narrative-driven books like Emery's, that gloss over important details.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 12:56 PM (DXFDM)
I have a whole house generator power by propane.
She need new insulin, from a pharmacy. Storing it is not a problem. Getting more after she runs out is the issue.
When you visit, you can get a tour of my burden of debt. And mighty bored you will be.
Posted by: NaCly Dog at July 13, 2021 12:56 PM (u82oZ)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:56 PM (V6f9+)
https://tinyurl.com/2nx5xcjf
Posted by: Huck Follywood at July 13, 2021 12:56 PM (itraQ)
Posted by: Joe Mannix (Not a cop!) at July 13, 2021 12:49 PM
Just imagine if she had been posed in front of some righteous shelving.
Posted by: RedMindBlueState at July 13, 2021 12:57 PM (m+jkK)
Posted by: The Maskless Ranger at July 13, 2021 12:53 PM (ul1Jv)
I am waiting for a response to my above question about transactions fees. If I am wrong I would love to know it.
bitcoin has zero of the qualities of gold. Zero
Gold is useful, gold is beautiful, gold has 1000s of years of history of being valued by humanity. It costs zero to transact gold. It's trivially authenticated.
Posted by: havelhavolim at July 13, 2021 12:57 PM (fLpTX)
Posted by: Braenyard at July 13, 2021 12:55 PM (vW9Vw)
There's man goo in bitcoin?!?!
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:57 PM (V6f9+)
Posted by: Mary Poppins' Practically Perfect Piercing at July 13, 2021 12:57 PM (2JVJo)
A number of lefty "journalists" came forward in recent years to say of course they knew what Hastert was up do - remember the left had just taken down Newt and Bob Livingstone for having mere affairs...with willing, adult women.
Posted by: 18-1 at July 13, 2021 12:57 PM (DpkTQ)
So much for 40 years of planning...
Posted by: Archer at July 13, 2021 12:57 PM (gmo/4)
*****************
That's the ultimate issue, but I do think people will pay for it and other crypto, because it represents the only market left that still has room for massive growth. Everything else is trading at highs and priced out of normal people's reach.
Posted by: The Maskless Ranger at July 13, 2021 12:57 PM (ul1Jv)
Well there ya go.
Posted by: Haywood at July 13, 2021 12:57 PM (XdaM3)
Posted by: Huck Follywood at July 13, 2021 12:58 PM (itraQ)
https://bit.ly/3AYXyAB
Posted by: Anonosaurus Wrecks aka Hangdog Barkston at July 13, 2021 12:58 PM (d9FiS)
i'm guessing the range runs from yoga pants to little black dress.
Posted by: Comrade Anachronda, behind the Newsom curtain at July 13, 2021 12:58 PM (v3pYe)
Posted by: Warai-otoko at July 13, 2021 12:58 PM (6FeV1)
Magic digital currencies are the only market left for growth? If true, then I'm gonna guess we've got bigger problems, and that one and only growth market ain't gonna grow in the long term.
Pump and dump penny stocks all over again.
Posted by: Walter Freeman at July 13, 2021 12:59 PM (+WWsf)
Posted by: sock_rat_eez, we're not doing hash-in-nic anymore? at July 13, 2021 12:59 PM (T/XHv)
Stupidest thing I've ever done.
Posted by: Warai-otoko at July 13, 2021 01:00 PM (6FeV1)
Posted by: Warai-otoko at July 13, 2021 12:58 PM (6FeV1)
Followed up with:
There's a sucker born every minute.
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 01:00 PM (Zz0t1)
Posted by: sniffybigoe at July 13, 2021 01:00 PM (UuD2k)
Step 2. Send everyone home and close the doors.
Step 3. Come back in a year and see where we stand.
Posted by: Sponge - Saying Ashli Babbitt at July 13, 2021 12:34 PM (Zz0t1)
Relocate those left in government to mobile doublewide offices that have been set up in Kansas.
Posted by: Diogenes at July 13, 2021 01:01 PM (axyOa)
A number of lefty "journalists" came forward in recent years to say of course they knew what Hastert was up do - remember the left had just taken down Newt and Bob Livingstone for having mere affairs...with willing, adult women.
Posted by: 18-1 at July 13, 2021 12:57 PM (DpkTQ)
Newt wasn't a perfect Speaker but he deserved a lot more party support through all those scam lawfare suits than he received, just like Sarah Palin endured.
Posted by: Captain Hate Won't Forget Ashli Babbitt at July 13, 2021 01:01 PM (y7DUB)
Posted by: ZOD at July 13, 2021 01:01 PM (xK9An)
I sure miss her cooking.
Posted by: I still have a dog at July 13, 2021 01:01 PM (aAP3z)
I had a long argument with a LIV about this and it was fascinating. The entry point was "why do men's sports pay more then women's".
And the answer, of course, is people are willing to pay more money for the former then the latter, meaning salaries for performers will be higher.
Posted by: 18-1 at July 13, 2021 01:02 PM (DpkTQ)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 01:02 PM (V6f9+)
Posted by: ZOD at July 13, 2021 01:01 PM (xK9An)
I'm still going long on Iams.
Posted by: Warai-otoko at July 13, 2021 01:02 PM (6FeV1)
Could we consider Oklahoma? Better tornadoes, I think.
Posted by: t-bird at July 13, 2021 01:02 PM (lDew/)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 12:56 PM (V6f9+)
And hold it in my hand when paying for some Popeye's chicken.
Posted by: Justsayin' at July 13, 2021 01:02 PM (Fs5vw)
Posted by: dartist (+ya+t) at July 13, 2021 01:03 PM (+ya+t)
Posted by: Mary Poppins' Practically Perfect Piercing at July 13, 2021 12:57 PM (2JVJo)
Where have you gone, Walker Texas Ranger? The Republic of Texas turns its lonely eyes to you.
Posted by: Count de Monet, Influencer (4I/2K) at July 13, 2021 01:03 PM (4I/2K)
Posted by: ZOD at July 13, 2021 01:01 PM (xK9An)
Unless they taste good pan fried in butter.
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 01:03 PM (V6f9+)
Posted by: Braenyard at July 13, 2021 01:04 PM (vW9Vw)
Posted by: Diogenes at July 13, 2021 01:01 PM (axyOa)
Relocation to ziggurats. Obsidian knife, feather headdress, rhythmic chanting, some assembly required.
Posted by: ZOD at July 13, 2021 01:04 PM (xK9An)
Bitcoin's overall capitalization peaked at $1.1T in March 2021, and it's been hovering in the $600B-$650B range ever since. So, basically, it's worth one-third to one-quarter of Apple or Amazon. Not exactly world government destabilizing levels of wealth.
Posted by: Walter Freeman at July 13, 2021 01:04 PM (+WWsf)
************
it has all the qualities of gold,
Posted by: The Maskless Ranger
Except physicality.
Posted by: rickb223 at July 13, 2021 01:04 PM (/8e9W)
Hey! Kansas is full. We have 5.8 million cows, and 2.9 million people. And billions of chiggers.
Buy Mexico for the Federal Government. It's cheap now.
Posted by: NaCly Dog at July 13, 2021 01:04 PM (u82oZ)
Posted by: Marcus T, Deus Lo Vult at July 13, 2021 01:04 PM (VpIIl)
For example, the average salary+benefits of each cabinet level organization in the federal government cannot exceed the average salary+benefits of workers in America. Income inequality beotches!
Of course the left would "solve" this by just employing everyone through the government.
Posted by: 18-1 at July 13, 2021 01:04 PM (DpkTQ)
-------------
These leftard generated questions / statistics are intentionally designed to miseducate and confuse idiots. You'd be better off trying to describe a landscape painting to a blind man.
Posted by: ... at July 13, 2021 01:05 PM (gLfDQ)
Could we consider Oklahoma? Better tornadoes, I think.
Posted by: t-bird at July 13, 2021 01:02 PM (lDew/)
Western KS is pretty bleak. Especially in winter. Need to keep it in KS.
Posted by: Justsayin' at July 13, 2021 01:05 PM (Fs5vw)
Posted by: NaCly Dog at July 13, 2021 01:04 PM (u82oZ)
------------
Hmm, gives me an idea: Move all of the FedGov offices to the border. In fact, incorporate them into the border wall.
Posted by: blake - semi lurker in marginal standing (2SdPm) at July 13, 2021 01:05 PM (2SdPm)
Posted by: Colorado Alex in Exile
This will be the first of four budgets that the Biden Junta takes to the Congress.
Perhaps we will get lucky (huh?) and the "republicans" will control the House and Senate after 2022 (yeah, don't count on it) and maybe reign in some of this ridiculous spending.
Or, maybe not.
Biden and his cronies truly do want to wreck the country. I don't know how we actually prepare for this.
Somebody above said "collect narcotics".
While this isn't as looney as it may have been meant, it things collapse, it may be VERY hard to get ANY prescription drugs. If you are on prescription medication of any kind, try to figure out a way to get months of supply on hand. Or find some kind of OTC alternative.
Posted by: Bozo Conservative.....Psycho killer at July 13, 2021 01:05 PM (vcOmj)
Posted by: sniffybigoe at July 13, 2021 01:00 PM (UuD2k)
That is THE argument against crypto
Posted by: ... at July 13, 2021 01:06 PM (gLfDQ)
Stupidest thing I've ever done.
Posted by: Warai-otoko at July 13, 2021 01:00 PM (6FeV1)
Just finished paying off my student debt, and that's how I feel. Large red SUCKER printed right on my forehead.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 01:06 PM (DXFDM)
Could we consider Oklahoma? Better tornadoes, I think.
Posted by: t-bird at July 13, 2021 01:02 PM (lDew/)
-----------------
No, gentlemen, put them on the Mexican / Arizona border. And don't put them all in one place - string them all along the desert line.
Posted by: Braenyard at July 13, 2021 01:07 PM (vW9Vw)
Posted by: t-bird at July 13, 2021 01:07 PM (lDew/)
Posted by: Mark Andrew Edwards, get ready now at July 13, 2021 01:02 PM (V6f9+)
My neighbors three houses down have four chickens who regularly raid the compost piles of other neighbors. They might be birdbrains but I wish my dog was as smart about traffic as they are.
Posted by: Captain Hate Won't Forget Ashli Babbitt at July 13, 2021 01:07 PM (y7DUB)
Posted by: JT at July 13, 2021 01:07 PM (arJlL)
Posted by: Braenyard at July 13, 2021 01:04 PM (vW9Vw)
At least they have an invasion plan, which is to drop all the bridges and tunnels leading into Switzerland.
Us? We just drop our britches and BOHICA.
Posted by: GnuBreed (FoYaR) at July 13, 2021 01:07 PM (F0YaR)
Or, maybe not.
Posted by: Bozo Conservative.....Psycho killer at July 13, 2021 01:05 PM (vcOmj)
Looking are how good they have been on the matter since The Contract with America...
*Slides chips to "not"*
Posted by: Bete at July 13, 2021 01:07 PM (Ojki1)
Cue Larry Niven's Organlegger series of SF, from the 1970s.
Posted by: NaCly Dog at July 13, 2021 01:07 PM (u82oZ)
Posted by: NaCly Dog
And all their people are here!
Posted by: rickb223 at July 13, 2021 01:08 PM (/8e9W)
But at least you gained the satisfaction of knowing that you did your part to help prop up institutional academia for another generation or two!
Posted by: Walter Freeman at July 13, 2021 01:08 PM (+WWsf)
Posted by: Just The Punchline at July 13, 2021 01:08 PM (4I/2K)
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at July 13, 2021 01:08 PM (DXFDM)
======
Not that I disagree with this statement at all, but I've been thinking a lot about this lately.
What's in it for them? Sure, to lord over teeming masses of people looking for a savior, but if our assets become worthless, so do theirs. If the country becomes absolute shit, it becomes shit for all of us. Of course, they can flee, but as has been stated many times, if we collapse, the world collapses.
Or are they not even looking that far ahead?
Posted by: bicentennialguy at July 13, 2021 01:08 PM (IytoW)
Posted by: sniffybigoe at July 13, 2021 01:00 PM (UuD2k)
That is THE argument against crypto
Posted by: ... at July 13, 2021 01:06 PM (gLfDQ)
------------
It's on the income tax form now.
Fudge that and go to jail.
Jail, America's new inflation fighter.
Posted by: Braenyard at July 13, 2021 01:08 PM (vW9Vw)
No institute of higher learning in America may charge more then $20k/year for an education.
Yeah, completely unconstitutional, but we are beyond that now.
Let the courts fight it for a while, because once everyone is forced down to $20k/year, which note would be trivial to do (every diversity officer fired) it would be very, very hard to go back to claiming they need to charge $50k+/year.
Posted by: 18-1 at July 13, 2021 01:09 PM (DpkTQ)
Posted by: Joe XiDen at July 13, 2021 01:09 PM (f5V51)
politician running on or talking about paying our bills and minding a
budget?
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:40 PM
Regan.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:09 PM (JUOKG)
I feel like one of the moochers but Free Money is great! I'm taking it while I can before this shit falls apart, which it will.
Posted by: Ripley at July 13, 2021 01:09 PM (MxEKc)
(Considers Trans-Border Industrial Mastic Human Flypaper Array mockup on sand-table, places small plastic human figurine on mat, strokes chin).
"Yes. Human installations, facing southward, wailing, glued in the middle of the rug. 'Human scarecrows.' Yes. That is what is needed."
Posted by: ZOD at July 13, 2021 01:10 PM (xK9An)
Regarding the Independent vote totals in Idaho...
From what I see on the ground, I have zero confidence in staunch, squishy or mediocre Republicans, or any flavor of independent voter after watching, to my chagrin, some of my fellow compatriots don the mask of shame for the last year.
The world is turned on its head, and the chimps are on the ponies.
Posted by: Your Eminence at July 13, 2021 01:11 PM (TIuFZ)
Leather working tools would be good. Hand sewing tools, and a treadle sewing machine. Don't assume the cheap clothing we have now will continue. Be sure that you have a good pair of leather shoes or boots. It's hard to know exactly what would be important.
Posted by: Notsothoreau - look forward at July 13, 2021 01:11 PM (5HBd1)
Posted by: Yudhishthira's Dice at July 13, 2021 12:45 PM (7Ttpp)
What I loved most about Hogg's "Good Pillow" is these idiots were tying themselves in knots about how to handle the charity end of it (who and what), diversity (but unionized!) hires, everything but how to actually put together a decent product, from design to materials to manufacture. Like pillows come straight out of the ether.
Not much different than deciding which Ferrari to buy and what color in anticipation of winning the lotto. I doubt one single person suggested he actually figure out a pillow, start making them with a handful of people, and build a business first.
Nope, we'll start at the top, and worry about a unionized factory cranking out millions of pillows so we can give money to poor black people and confiscate guns.
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 01:11 PM (wAnMi)
governments are not going to let the power of controlling currency go
quietly. Once it reaches a certain point, they are going to go after
crypto hard.
Posted by: sniffybigoe at July 13, 2021 01:00 PM (UuD2k)
That is THE argument against crypto
Posted by: ... at July 13, 2021 01:06 PM
Remember what happened to gold, it was a Federal crime to own it for 40 years.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:12 PM (JUOKG)
Depending on the lefty in question the goal is either modern Brazil (powerful wealthy class, poor populace), Royal France (powerful aristocracy, poor oppressed peasantry), or full on the USSR.
In each of those scenarios they will continued to live a privileged life.
Posted by: 18-1 at July 13, 2021 01:12 PM (DpkTQ)
Posted by: NaCly Dog at July 13, 2021 01:14 PM (u82oZ)
Posted by: Ripley at July 13, 2021 01:09 PM (MxEKc)
I have never once taken money from the government. I could have gone through college for free, and many recommended I do so. No, I thought that those who really needed it should have a crack at it.
Now? get your slice before some other meth addled leftist idiot takes it first. It's a zero sum game at this point, get yours while you can. Because it is falling apart, and I'm highly doubtful there's going to be a social security check coming when I really need it.
Posted by: clutch cargo - processed in a facility that may contain lead at July 13, 2021 01:15 PM (wAnMi)
Posted by: Medieval shit kicking peasant
Where the hell do I get a killer rabbit?
Posted by: Clay, unimpressed with your wokeness at July 13, 2021 01:16 PM (+sA7q)
Posted by: Biden admin at July 13, 2021 01:17 PM (HCeRP)
*Slides chips to "not"*
Posted by: Bete
Yes. Voting in 2022 and expecting things to get fixed is probably foolish. I will vote, hoping this will get worse more slowly.
But the die has been cast. We're really screwed.
I do expect at some near future time that our 401K's will be "liberated" by the government, or the gangsters that call themselves "government".
Posted by: Bozo Conservative.....Psycho killer at July 13, 2021 01:17 PM (vcOmj)
Stupidest thing I've ever done.
Posted by: Warai-otoko at July 13, 2021 01:00 PM (6FeV1)
The only debt we have is our mortgage. We could pay it off but I want to see where this is going to wind up. The only problem with paying off the mortgage is that I have personally witnessed Medicare take two of my relatives houses after they died.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:17 PM (JUOKG)
Approaching retirement age.
Plans for retirement as things stand: Short. Unpleasant. Enraging. Ends in poverty followed by violent death. Unmarked grave with others.
That's go-with-the-flow, default path anyway.
Posted by: Semi-Literate Thug at July 13, 2021 01:17 PM (2iDSr)
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:12 PM (JUOKG)
-----------------------
My great grandfather made his wife a charm bracelet
of $10 gold pieces.
Posted by: Braenyard at July 13, 2021 01:17 PM (vW9Vw)
will be "liberated" by the government, or the gangsters that call
themselves "government".
Posted by: Bozo Conservative.....Psycho killer at July 13, 2021 01:17 PM
Our stash is in TSP the Federal government's 401k. It will go first.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:20 PM (JUOKG)
---------------
Be sure and get Part B and a back up policy.
Posted by: Braenyard at July 13, 2021 01:20 PM (vW9Vw)
Posted by: Martin Tell at July 13, 2021 01:25 PM (two8g)
We get a reset even back to seventies technology and bitcoin becomes worthless.
It never ceases to amaze that people think our lifestyle is normal. In the history of the world, our current lifestyle isn't even the length of time it takes to blink an eye.
When technological society crashes to the point where I can't get heart meds any more I have about a week left. I don't have the money to Go Amish, and the last decade and a half of being ground down because Oil and Manufacturing Is EEvul will finally kill me. It won't matter if I invested a little in bitcoin or not.
Posted by: Thing From Snowy Mountain, Chernyenko My Coat At The Cleaners at July 13, 2021 01:26 PM (1I+ZU)
Posted by: Thing From Snowy Mountain, Chernyenko My Coat At The Cleaners at July 13, 2021 01:26 PM (1I+ZU)
So if there's a crash that's physically survivable for me, what should I invest in?
Posted by: Thing From Snowy Mountain, Chernyenko My Coat At The Cleaners at July 13, 2021 01:28 PM (1I+ZU)
Posted by: Saf at July 13, 2021 01:31 PM (PgqFp)
Basically, a crash that's bad enough to kill bitcoin is going to kill me
anyway no matter what I do.
So if there's a crash that's physically survivable for me, what should I invest in?
Posted by: Thing From Snowy Mountain, Chernyenko My Coat At The Cleaners at July 13, 2021 01:28 PM
You might want to go and see one of those investment guys and get professional advice. We are going to do that, been winging it for the last 40 years and did OK but weird stuff is starting to happen and we are going to see the pros from Dover.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:32 PM (JUOKG)
politician running on or talking about paying our bills and minding a
budget?
Posted by: Moron Robbie - buy ammo, buy history books, and embrace Irish democracy at July 13, 2021 12:40 PM
Regan.
Posted by: Mister Scott (formerly GWS) at July 13, 2021 01:09 PM (JUOKG)
Don Regan? The Secretary of Treasury?
Posted by: G'rump928(c) at July 13, 2021 01:36 PM (yQpMk)
Posted by: Ted Torgerson at July 13, 2021 01:36 PM (vN+oL)
Posted by: phoenixgirl at July 13, 2021 01:41 PM (CqHIp)
Relocation to ziggurats. Obsidian knife, feather headdress, rhythmic chanting, some assembly required.
Posted by: ZOD
Your newsletter -- is it still open to new subscribers?
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars (TM) at July 13, 2021 02:07 PM (pNxlR)
Posted by: RandbotFan at July 13, 2021 04:58 PM (i7ZAA)
Own some land. Practice planting and raising potatoes, corn, and whatever leafy vegetables grow well in your area. Learn to squish potato bugs by hand. Learn which weeds are edible - garlic mustard, lamb's quarter, purslane, and pokeweed grow faster than you can eat them and are good for you. Talk to the neighbors.
Spend less time refreshing comment threads and more time doing real world stuff.
Posted by: rold at July 13, 2021 08:42 PM (JZg1U)
Posted by: rold at July 13, 2021 08:44 PM (JZg1U)
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