Mike Ruppert: Economic Warning - October 9 '09

[ninakat]

ECONOMIC WARNING

From Mike, went out on Friday October 9th, 2009:

For those of you who have listened for so long and for those who may be new. Do whatever you can to get out of dollar denominated assets and do it quickly. It is looking to me like the run on the dollar has begun in earnest. This is the one I have consistently predicted as far back as 2003-2004. I'm not going to write a long argument. Those who have been reading this blog don't need it. All the rest of you can just go back and read the terrific postings made here by Jenna Orkin over the last month. Those of you who have followed me and FTW for years will remember our only four previous warnings and you know how right those economic alerts proved to be. That's why I left a record of between two and three million words.

Do it now. We're all reading the same map.

Admin Note from Matt: On saturday Mike added this to the alert he issued on Saturday:

It is not too late to buy physical gold. That is what will shield you the best right now. I'm laughing because I sold all my gold to fight the political persecution in Oregon and to live on for the last eight months. If I had money I would be running to buy gold first thing Monday morning and I'd keep it up until the wheels came off or the new playing field that's coming had opened other options.

Now imagine this: The dollar gets dumped (in progress) as the world's reserve currency. Oil is no longer priced in dollars and trillions of dollars come home to... do what? Sure, it may cost a thosand a month for phone service. But suddenly John Q will be told that his salary has gone up 50%... at first. But what about all those bullshit mortages (including the fraudulent ones), all those trillions in derivatives? Well if John Q suddenly finds he has a million worthless dollars in his pocket he could well go back and laugh as he pays off the $350,000 mortgage. But the books get cleaned and sanitized and some of the air leaves the derivatives bubble. A controlled-burn. Yeah, the only ones that are going to get burned are the people -- the New White Trash.

MCR

[pamplemousse]

Still, a little refresher, a few more words, would've been helpful.

[ninakat]

Still, a little refresher, a few more words, would've been helpful.

Yeah, I kinda miss his long pieces -- they always shook me up and got me motivated to prep. But, honestly, I've done about all the prepping I can think of (given my limitations), so a gentle reminder is just fine.

[Arraya]

If enough people say it will become self-fulfilling

[Armageddon]

Mike is the reason why I found PO and the looming economic crash.  He's one of the best.   I heard him on Rense in 2005/2006,  and I thought PO ?  wtf is that ?   lol,  thanks Mike. 

[n0c0sm0s]

What is backing Mike's statement up though?  I'm not going to read the entire FTW archive today lol.  I discovered Mike in 'American Drug War', good stuff. 

[kats]

 Do whatever you can to get out of dollar denominated assets and do it quickly.

This may be good advice for millionaires. It's not much use to the average schmuck. We get paid in dollars. The boss isn't going to pay me in euros, no matter how much I beg. Nearly all my assets are dollar-denominated and I'm not selling the doomstead, etc. etc. just to please Ruppert.

[MilDad]

ECONOMIC WARNING

Oct.9, 2009 -- For those of you who have listened for so long and for those who may be new. Do whatever you can to get out of dollar denominated assets and do it quickly. It is looking to me like the run on the dollar has begun in earnest. This is the one I have consistently predicted as far back as 2003-2004. I'm not going to write a long argument. Those who have been reading this blog don't need it. All the rest of you can just go back and read the terrific postings made here by Jenna Orkin over the last month. Those of you who have followed me and FTW for years will remember our only four previous warnings and you know how right those economic alerts proved to be. That's why I left a record of between two and three million words.

Do it now. We're all reading the same map.

MCR

Get out of $US denominated assets.

Conversely, you can short $US, short US Treasuries (The trade of the decade!)

Accelerate your planned purchases of foreign goods and big ticket US made durable goods.

Pay off debt

Invest in income producing real estate

Hoard cigarettes, booze, and toilet paper for barter

Foreign, high quality bonds from countries with a more stable fiat currency and a current account surplus

Sell your vacation home to a Chinaman and take payment in RmB

Move money out of the US and be sure to report as required to the IRS  (Currency controls coming)


I'll thnik of more after the three Dark and Stormy's wear off.


 

[wordnerd]

Am now in Chapter 13 - so got debt taken care of
I guess the only other thing I can do is buy toilet paper, alcohol - and pet food
and maybe some more seeds

I would like to have my furnace working though - still no heat.
"IF" I had the money I would like to have a clothes dryer - since mine was also destroyed in the flood (along with my furnace) - a scratched and dented one would be fine

That is all of the financial dealings I have in my future

[Freedom Slave]

Read his follow-up.

http://www.mikeruppert.blogspot.com/

[advancedatheist]

The value of Federal Reserve Notes can't collapse or disappear or whatever the current propaganda says, as long as the government accepts them as payment for taxes. The moment it refuses Fed notes and demands payment in kind (and why would it do such a thing?), then the apocalyptic scenarios will start to have some plausibility.

[DoomOrBust]

ECONOMIC WARNING

Oct.9, 2009 -- For those of you who have listened for so long and for those who may be new. Do whatever you can to get out of dollar denominated assets and do it quickly. It is looking to me like the run on the dollar has begun in earnest. This is the one I have consistently predicted as far back as 2003-2004. I'm not going to write a long argument. Those who have been reading this blog don't need it. All the rest of you can just go back and read the terrific postings made here by Jenna Orkin over the last month. Those of you who have followed me and FTW for years will remember our only four previous warnings and you know how right those economic alerts proved to be. That's why I left a record of between two and three million words.

Do it now. We're all reading the same map.

MCR

According to Jim Sinclair, Monday, November 9th is the blind date with the financial doomsday GOD and he is smelly, hungry and angry!

[cabacaba]

Yep,,, I have heard from several sources that the Red Alert is on....   Best thing to buy is food. Frozen is dicey. Canned food is best,, meat is going to get hard to get. Humans must have natural fats to survive. Spam is pretty good when you are hungry... I have been stocking up over a year as I could afford it...

The way events are shaping up in the middle east, a nuke "accident" is very possible with fall out world wide. We could very well lose a city or two on the east coast... On the west coast I would guess that Seattle is the first target (nuke sub base and Boeing). China has missiles (thanks to the Clintons) that can hit the midwest..

We live in interesting times. Many will never see 2015...

[Arraya]

DoomOrBust-That is a very disturbing picture

[Patchze]

DoomOrBust,

According to Jim Sinclair, Monday, November 9th is the blind date with the financial doomsday GOD and he is smelly, hungry and angry!

can you give us a link to where Jim Sinclair mentions that about November 9th?