Friday, April 9, 2010

The economic system is damned if it does and damned if it doesn't but damned nonetheless.

The latest from my old friend Ambrose Evans-Pritchard. (And my British Secret Service control agent, if you believe the LaRouchies. Of course the neoNazis claim I'm a Mossad agent, so there ya go.)

The upshot of all of this impending economic tsunami is this. Only real property, well-located away from concentrations of looters (i.e. both the lumpenproletariat of the cities and the government) and defensible by the armed citizenry will matter. The fight against the collectivist tyranny of the Obamanoids will be subsumed in this larger existential fight just to stay alive.

May God help us all.

Mike
III

9 comments:

B said...

The urgency to stave off a fight with the national government is almost irrelevant. Really. The fight is coming to us all whether or not we believe that there is a domestic war brewing. We are on the very bleeding edge of an historic precipice. That is, we live on the backside of an unsustainable western civilization where big government versus dual federalism is the wrong question -- and the least of our concerns as we try to survive and thrive in the coming new reality.

B
III

Anonymous said...

This is why I am putting what little money left over from paying bills and taxes, into hard assets such as food and water storage, a few guns (when/if I can afford them), ammo, the occasional silver coin.

Anon-y-mouse
(for obvious reasons)

Unknown said...

"Rapidly ageing populations present a number of countries with the prospect of enormous future costs that are not wholly recognised in current budget projections."

Not to pin the entire crisis on abortion, but the cost of abortion is indeed higher than many are willing to admit. God doesn't need to punish us with fire or brimstone when we're quite adept at destroying society without His help. The generation that mandated "freedom of choice" is about to experience the fruit of their labor. In a sense, it is a sweet justice that the narcissists won't be able to escape the coming collapse which they nurtured, but it's unfortunate that we and our kids will have to too.

Mike Gallo said...

Mossad? Wouldn't Shin Bet be more likely given your M.O.?

Bander1643 said...

I've sharpened my agricultural skills to keep the larder plump, tasty & (drum roll please... free of Textured Vegetable Protein! (Gack!) & I do mean by that that I am AntiVegan extremist. –Sustainable Traditional Agriculture[Hyperlink to insert = Farmer Joel Salatin: "Everything I want to do is Illegal" http://transitionmichigan.ning.com/video/farmer-joel-salatin]. I'm transforming my suburban nonrefuge. Threepers in or around DFW are welcome to drop by. Mike’s carrier pigeon knows how to reach me, unless he’s had to EAT it because of the economy ;-) .

Any DFW III’s driving to DC for the 2A march ?


[Mike, sorry you're doing hard time. How long are you on moderation?]

Anonymous said...

Of course, a brutal fiscal purge in every major country at once itself poses a danger. The result would be to crush recovery and tip the world economy back into crisis, making deficits worse again. Countries are damned if they do, and damned if they don't.

The BIS skips nimbly over this dilemma. Nobody has yet mastered our horrible Hobson's Choice.--Ambrose Evans-Pritchard

Only two choices are available: meekly submit to a market correction (i.e., accept a bad recession and get blamed for the economic meltdown) or fight the correction using expansive fiscal measures and an accommodative monetary policy.

Does anyone believe the politicians and central bankers will abruptly change their tune and end the tax and spend/borrow and print merry-go-round?

No? Then you had better get ready for the worst.

MALTHUS

jerry_from_ct said...

Debt, owed to whom, a bunch of slimy bankers who created the funds out of nothing, lent it to governments at interest and then cry foul when they can't extract anymore wealth.

They have created this phony money to eventually trade it off for hard usable assets, what a racket.
Only real tangible property has value, monies only value is the belief that it is actually worth something.
This is why the Treasury dept. prosecutes counterfeiters so vigorously, the need to prove and maintain the fraud that paper money has value.

BUY HARD ASSETS...................

anonymous said...LOL, if you post on the INTERNET, they already know who you are.

Anonymous said...

They can tax and spend all they want. They cannot control or dictate the basic laws of economics. When Barry and Timmy hyperinflate the currency and their troglodyte supporters cannot buy enough dope, fast food, and fortified wine to enjoy while watching the Final Four on their big screens, then the cities will start melting down.
Those of us in the hinterland will have a ringside seat, at least until CNN and Faux News go off the air. I wouldn't worry about firearm confiscation. There are not enough cops, soldiers, or "contractors" to handle it. Besides, most will go home to protect their own. It's gold, guns, and grub, my friends. And, if you can get out of the big cities, do not tarry. Godspeed.

Ken said...

The latest from my old friend Ambrose Evans-Pritchard. (And my British Secret Service control agent, if you believe the LaRouchies. Of course the neoNazis claim I'm a Mossad agent, so there ya go.)

Of course, some of us know you really work for Gold & Appel Transfers. ;-)

But if more people knew why your passport has all those stamps for Fernando Poo, and what you saw there, they would never stop screaming....