Dead Government Walking

[Tabo]

Picasso--BINGO!

No one has any friggin clue how this thing plays out. There has always been a place tucked away from the tides of history.

Now there is no place. When the tide comes in every human being on the planet will need to be swimming-or drowning.

[Arraya]

Bruce: we really have no idea what happens when a government whose currency is the basis of the global economy defaults, nothing remotely like this has ever happened. IMO, well before it comes to that, another FALSE FLAG EVENT will be "arranged", and the nature of the US government and its relations to the rest of the world will be drastically changed in ways we can hardly imagine.

It sure makes you wonder WHAT they hell they are going to blame it on?  We have two hockey sticks going in either direction, tax receipts going down and government debt going up.   I can't imagine it being pushed past 2012 before it snaps.

[onemintomidnight]

i think this might pertain to this thread...

http://www.startribune.com/local/68124202.html

county governments are getting it in the can to keep up too.

[joewp]

To the post. We been wondering around the doomstead if financial collapse might get us before PO. I call it a dead heat at this point.

Oh geez, what the hell do you think is causing the financial collapse? 

[Tabo]

First off love the Sinclair dino-rode one in Montana I think it was. There may have been alcohol involved.

Anyway, I know PO is the genesis of the financial crisis.

The question is, will the abiltiy to get the stuff be limited by the stuff itself  or the fact that is costs 10,000 inflated FRN's to get the stuff, while you are still making 6.50/hr flipping burgers.

[picasso moon]

There are systemic factors (as in factors endemic to the capitalist system) which are at the heart of the crisis, would have happened anyway even without PO, but with PO and GW and...  the crisis is being driven to unprecedented and uncontrollable levels. And you can't separate the pure physical depletion of oil from what it will cost.

[J.A.F.O.]

There is no option but a bankrupt Government IMO. So, now the question is what happens when the Government defaults? My first impression is that the whole list of social programs will be gone. Good bye Social Security, medicare, medicaid, food stamps, prescription assistance, unemployment benefits, Gov retirement, military retirement and disability, etc.. The FDA, FAA and FEMA. The USDA might have a leg to stand on as it will be the agency responsible for trying to hand out potatoes and cheese. The very last agency to go will be the military, even though they will be downsized at some point. When the SHTF IMO chaos and riots will be like flash paper, OK today then tommorrow without warning the fear and panic boils over. The military will  seemingly be everywhere at first but soon the immensity of the problem will overwhelm them and the lack of resources both in man power, supplies and pay will end their rule. Many will desert because they love their families more than their duties. At some point many will recognize what they are being asked to do is beyond what they signed up for. The best we can hope for is that the majority of casualties and the chaos that caused them has run it's course at the time of the military withdrawal. Then we will slowly try to effectively start communities of close knit people with a bartering system being the new currency. The way of life we all have known will be but a distant dream. Electricity has long ago dissapeared along with shopping malls, drive through ice cream parlors and video stores. A time will come when it is again safe for a short days walk that will take one through a land of forgotten times. The golden arches of McDonald's still stands but all the windows have been shattered. The pumps at the local convenience store still displays the horrible price of what you paid for the last few gallons you purchased. The hoses have been cut away for some unknown use. The pot holes that you used to drive around on your way to work are marked by the grass growing through the weakened asphalt. In the beginning the fabricated remains of businesses with it's bones picked clean where the residence of many homeless including whole families. As communities grew they took in what were previously the homeless because they had services and experiences to offer. Shelter and water needs have been addressed now everyone concentrates on food. During the winter the thick clouds of arid smoke fill the nights. People are resourceful enough to stay warm but the relentless scalding hot summers take it's toll. In the future the most precious thing you can posses is a full stomach. Plan now for what is almost a certainty......................................Bruce

Bruce..  paragraphs, mate.. paragraphs..

Some good points in there, but it all gets lost in the great blob'o'letters...

[metaforge]

Right... I'm not going to read that big lump.

What I take away is the feds will only take power they will never return it.  Name any power Obama has returned that Bush claimed?

As a friend of mine said, if you invent something new & cool... recall those infomercials on TV that say "Inventors!  Call this number..."... well, if you call that number, and you have some real serious stuff that could change the political/energy/money game, you can bet the black choppers are on their way, and nobody will hear your ass screaming as they haul you to Gitmo.

Make no mistake, we are living under martial law, and it will only get worse and more obvious as the shortage of natural resources becomes more apparent. You think they don't know about this stuff?  bahhhh!

[Bruce]

Yea, I do sometimes (most often) get lost in my thoughts and forget about such basic things as grammer and sentence structure. Sorry about that. My belief about our economy and it's future demise is etched in stone as far as I am concerned. The date however has eluded me as much as anyone. Yes, we could make it 2012 or maybe even beyond that. It has been a miracle that they have been able to prop things up this long. How much longer can they keep the shell game going? No one knows......................................Bruce

[Tabo]

Bruce, love the sign, where can I get one?

Anyway, I think I mentioned on another thread that Im surprised we havent began sizing the neighbors up for food yet.

Then in LATOC style the next post was "Who says we haven't?"

I think a few trillion can buy us time. Most of us lament the waste of the bailouts at the expense of things we really need. For preppers though, what is more valuable than time?

Keep the bailouts and insider trading and real estate game going!

[PeakARoo]

If/when the American economy goes tits-up it will sure as shit take the rest of the world's markets with it.

What if the rest of the world markets have a serious correction but then straighten up and fly-right but America remains in acute decline?

Has anybody on this forum discussed what effect that would have on prolonging the existing oil reserves?
Considering the amount of oil the US currently uses, I wonder what effect it would have.

As far as the stone age is concerned, it was the best time of my life. I was basically stoned from age 19 to 22   
 

[jcs44]

Come on, y'all, we know the US government can just print all the money it needs, and the rest of the world will go along no matter what Isn't that interesting how all the people who usually post to the effect that things aren't really so dire have been absent the last 2 days or so?

Bruce: we really have no idea what happens when a government whose currency is the basis of the global economy defaults, nothing remotely like this has ever happened. IMO, well before it comes to that, another FALSE FLAG EVENT will be "arranged", and the nature of the US government and its relations to the rest of the world will be drastically changed in ways we can hardly imagine.

Bruce, I don't think the US.gov will go the default route precisely because of the scenarios you listed as a result of cancelling all of the social safety net types of programs. I don't think any of the politicians have the so called political will to come out and just announce they can't pay for it so, sorry, we're shutting it down.

I think they will go the inflation/hyperinflation route (eventually) in order to technically fund their end of the deal but at the same time water down the currency until the people denounce it similar to the Weimar Republic. The government debt angle and its staggering numbers are the main reason that I fall on the inflationist side of the debate, no matter if the deflationist side looks like it may be the way we're headed in the short term...

[Arraya]

Come on, y'all, we know the US government can just print all the money it needs, and the rest of the world will go along no matter what Isn't that interesting how all the people who usually post to the effect that things aren't really so dire have been absent the last 2 days or so?

Bruce: we really have no idea what happens when a government whose currency is the basis of the global economy defaults, nothing remotely like this has ever happened. IMO, well before it comes to that, another FALSE FLAG EVENT will be "arranged", and the nature of the US government and its relations to the rest of the world will be drastically changed in ways we can hardly imagine.

Bruce, I don't think the US.gov will go the default route precisely because of the scenarios you listed as a result of cancelling all of the social safety net types of programs. I don't think any of the politicians have the so called political will to come out and just announce they can't pay for it so, sorry, we're shutting it down.

I think they will go the inflation/hyperinflation route (eventually) in order to technically fund their end of the deal but at the same time water down the currency until the people denounce it similar to the Weimar Republic. The government debt angle and its staggering numbers are the main reason that I fall on the inflationist side of the debate, no matter if the deflationist side looks like it may be the way we're headed in the short term...

No doubt we will hyper-inflate at some point, it is inevitable, IMO.  The deflationary effects make that more and more probable as tax receipts dry up.  The question is timing.

[jcs44]

Come on, y'all, we know the US government can just print all the money it needs, and the rest of the world will go along no matter what Isn't that interesting how all the people who usually post to the effect that things aren't really so dire have been absent the last 2 days or so?

Bruce: we really have no idea what happens when a government whose currency is the basis of the global economy defaults, nothing remotely like this has ever happened. IMO, well before it comes to that, another FALSE FLAG EVENT will be "arranged", and the nature of the US government and its relations to the rest of the world will be drastically changed in ways we can hardly imagine.

Bruce, I don't think the US.gov will go the default route precisely because of the scenarios you listed as a result of cancelling all of the social safety net types of programs. I don't think any of the politicians have the so called political will to come out and just announce they can't pay for it so, sorry, we're shutting it down.

I think they will go the inflation/hyperinflation route (eventually) in order to technically fund their end of the deal but at the same time water down the currency until the people denounce it similar to the Weimar Republic. The government debt angle and its staggering numbers are the main reason that I fall on the inflationist side of the debate, no matter if the deflationist side looks like it may be the way we're headed in the short term...

No doubt we will hyper-inflate at some point, it is inevitable, IMO.  The deflationary effects make that more and more probable as tax receipts dry up.  The question is timing.

I don't know, but at this point, a good dose of deflation to pound down things like gold/silver to the $700/$9 per ounce range would be a good opportunity to hedge against what will at some point be hyperinflation of the USD. I know a lot of people that would freak out if this were to happen, but for the long run, it would be the last call to get out of your USD denominated assets. I say bring it on...

[Arraya]

The coming stock market crash will beat it down for you.  It's coming and LATOCers will howl.