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Watch the Greek situation carefully ...

Veer_G

Veer_G

Beware of the Dildópony!
Full Member
Minuteman
Jun 15, 2008
12,979
15,280
SEPA
#1
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Apparently, the French financial sector is heavily bought into Greek debt, and some 44% of US mutual funds are heavily invested in French banks. Dirt-cheap cheese, wine, and Vuarnet sunglasses ain't gonna offset your account's value getting gutted because your fund mix has a heavy overseas component. If Greece defaults it could be the beginning of a long, bitter domino chain.

http://www.cnbc.com/id/43425080
 
#2
Re: Watch the Greek situation carefully ...

Your righton the at one. Ive heard rumors that the EE could expell greece and it may lead to the down fall of the Euro and the whole ball of wax/
 
#4
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Euro could just become Euro trash</div></div>

€ is trash the only question is when will it manifest itself on the markets. Basically no one is saving Greece what EU heads are doing is trying to save their banks (France and Germany banks have huge amounts of money invested in Greek bonds and if Greeks show them the universal finger sign they are pretty much on the road of insolvency and as krauts would say "kaput machen"). What we have over here is an ex Yugo on steroids with minor difference, nations which comprised Yugoslavia were more similar and tied to each other than Europe is - and we all know how the Yugo ended...

What's being done is in short:

bankers lend money to politicians, they give for profits and influence the latter take for comfort and feeling of power and all try to screw average Joe to work for less to help pay their travesties. Well the average Joe has just about had enough...
 
#6
Re: Watch the Greek situation carefully ...

You can kick a sleeping or stupid, junk yard dog only so long. Those that think their at the top of any chain are but a single well placed bite, away from reality.
 
#9
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Veer_G</div><div class="ubbcode-body"> <object width="425" height="350"> <param name="movie" value="http://www.youtube.com/v/2bK9EIsRrFc"></param> <param name="wmode" value="transparent"></param> <embed src="http://www.youtube.com/v/2bK9EIsRrFc" type="application/x-shockwave-flash" wmode="transparent" width="425" height="350"> </embed></object>

Apparently, the French financial sector is heavily bought into Greek debt, and some 44% of US mutual funds are heavily invested in French banks. </div></div>

44% of mutual funds are how heavily invested in "French Banks". I'd be very curious to know the answer to this. Most of the mutual funds I own are not invested in French banks at all as far as I can tell, and I own some pretty generic ones.
 
#10
Re: Watch the Greek situation carefully ...

Just a word of advice, get out of mutual funds or anything that stores value in bonds. If you must buy stocks directly from big companies which have solid customer base, good reputation and will produce vital products.

Also get ammo&guns, food&water(preferably some water provision system) for emergency and if you can a property where you can grow some food if need be. You ain't much better than we are on this side of the pond. The road direction is the same and it ain't gonna be pretty
smile.gif
.
 
#11
Re: Watch the Greek situation carefully ...

I'm curious as to how much longer Germany is going to remain a member of the EU before they break off and return to the Deutsche Mark and tell the rest of Europe to fuck off.
 
#12
Re: Watch the Greek situation carefully ...

A couple things to think about:

IMF Warns of US Crisis

Consider for a minute when we say 2.5% GDP - if any of that is composed of tax payer debt funded growth (ie stimulus) the cost of borrowing needs to be juxtapositioned against the growth to come up with net growth. It isn't for the purposes of reporting GDP - largely for political reasons. Given the overall cost of borrowing in the long term, GDP data points related to stimulus are likely really a negative number.

There is some bad ju ju in the mix. The world should be weary of a strong man or a concept that emerges purporting to champion the average man. The 'Arab Spring' may fizzle out or may catch fire around the world.

People should review the Treaty of Versailles and put some pieces together as to why we are so interdependent upon each other. Ask what happens if dominoes really start to fall.

Paris 1919: Six Months That Changed The World This is a great book to help all of us today understand the Progressive mindset that originally planted the seeds that are now bearing fruit.


Good luck
 
#13
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Marcus85</div><div class="ubbcode-body">I'm curious as to how much longer Germany is going to remain a member of the EU before they break off and return to the Deutsche Mark and tell the rest of Europe to fuck off. </div></div>

I think the 'average Joe' around the world is asking the same about US debt.

Regardless of where Joe hails from or which Country's debt Joe is down on, the big boys in Joe's Country are asking if we do walk away, how do we recoup our losses?

Again and in step with the Paris 1919 book - the risk / loss has been spread among many so as to promote stability at the nation state level. However as the tyranny increases at the local level you may start to see an increasing number of rebellions within each individual nation state.

'May you live in interesting times....'



Good luck
 
#15
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Alderleet</div><div class="ubbcode-body">I need to get some more ammo. Hurray for shopping tomorrow. </div></div>

If it ain't beans it better be bullets (or other components of your choice).
 
#16
Re: Watch the Greek situation carefully ...

Was watching the Greek riots (pretty violent) and was wondering if you think our government would have the audacity to put down the same protests that the Greek government does. They are working over the protesters pretty hard with clubs or whatever. I can only imagine the ACLU going crazy.
 
#17
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: garrett4</div><div class="ubbcode-body">Was watching the Greek riots (pretty violent) and was wondering if you think our government would have the audacity to put down the same protests that the Greek government does. They are working over the protesters pretty hard with clubs or whatever. I can only imagine the ACLU going crazy. </div></div>

Remember Watts riots under George I. Sent in the Guard with orders to shoot.
 
#18
Re: Watch the Greek situation carefully ...

Honestly, as a service member, I wouldnt be able to shoot on US civilians. I'd honestly disobey the fuck out of that order if it was ever handed down.
 
#19
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Alderleet</div><div class="ubbcode-body">Honestly, as a service member, I wouldnt be able to shoot on US civilians. I'd honestly disobey the fuck out of that order if it was ever handed down.

</div></div>

I don't see any orders being issued to the military to go downtown and shoot civilians.

More likely scenario is you are sent to restore order, and in the execution of that mission you may end up in a life threatening situation where deadly force is required/justified per your ROE.
 
#20
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Alderleet</div><div class="ubbcode-body">Honestly, as a service member, I wouldnt be able to shoot on US civilians. I'd honestly disobey the fuck out of that order if it was ever handed down.

</div></div>

Thank you! For this and your service. Hopefully the private security contractors would be busy elsewhere to come over do it.

Regarding the Euro. You guys need to think this through. If the euro tanks, that means the dollar will rise. If the dollar rises so will those currencies that are pegged to it - Yuan. If that happens, US exporting will tank. The Yuan cannot afford to ri with the dollar, it will decouple and the Chinese will do everything to devalue their currency. US domestic production will meet serious headwinds (to see how important exports really are look at how exports saved a lot of jobs when the dollar was in the last serious bear run and oil was going sky high).

A too strong dollar is very bad. This is the real threat of the greek situation. The hedge/mutual fund is not too bad as their are many hedging strategies available to make that neutral. In fact, it's a situation where those who are able to short the market and go long the currency can make a killing.

If the greek default leads to a dissolution of the euro it could easily in turn lead to another drought of interbank credit. This is the killer and if we get a repeat of this then there will be a drop in global growth and we will get a spiraling deflationary ( we are in deflation right now but it would get worse). That means no investment and no more jobs.

Serious shit.

If we get a tea-party president or congress in the next election there might not be any massive stimulus injection in which case, we will get the much needed deleveraging in the economy we need to try and get things right. Think hitting the reboot button.

Cash is king. Have it, save it, keep it at hand. You can stock up on bullets all you want, but cash is king. I have saved up one full years of gross salary as a just in case worst scenario fall back. Forget about gold. How the fuck are you going to barter a gold piece into smaller components. It won't happen. You can bet Beck has cash.

Good luck out there. Save your money, stay away from debt and think realistically about what you will need to meet your family's needs. 20,000 rounds of ammo ain't it.
 
#21
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: EventHorizon</div><div class="ubbcode-body"><span style="font-weight: bold">Cash is king. Have it, save it, keep it at hand. You can stock up on bullets all you want, but cash is king. </span> I have saved up one full years of gross salary as a just in case worst scenario fall back. <span style="font-weight: bold">Forget about gold. How the fuck are you going to barter a gold piece into smaller components. It won't happen.</span> You can bet Beck has cash.

Good luck out there. <span style="font-weight: bold">Save your money, stay away from debt and think realistically about what you will need to meet your family's needs. 20,000 rounds of ammo ain't it.</span> </div></div>

Very well stated and I agree.
 
#22
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: EventHorizon</div><div class="ubbcode-body">Cash is king. Have it, save it, keep it at hand.</div></div>Cash doesn't help when the currency gets devalued. The people of Zimbabwe found that out in a hurry.

Greece is just another example of the failure of global economics.

It reminds me a bit of 1997, when the IMF blamed the Asian countries for their economic crises: They said that the problem was the local govenments were corrupt and the national ones were not liberalizing fast enough. The truth was that the Asian markets were probably the most liberal ones in the world at the time and didn't need foreign investment.

That was the problem - they had become destabilized when they opened themselves up to the foreign investment that they didn't need. The globalists said that even more foreign investment was the solution to the problem. Was it?

In 1998 Malaysia pulled its currency off the world market and artificially pegged it low enough to encourage exports. Then it raised tariffs. Economists said, in public, that Mahathir was crazy. Then Morgan Stanely expelled Malaysia from its Asian economic index. That's worse than being denied entry by the doorman at the country club. Why the snub? Because Malaysia refused to play by the rules.

The club had abandoned one of their own: Experts began predicting that without global support the Malaysian economy would enter a free-fall. When the crisis never came the Keynsian economists began to ask the obvious question: Why not impose regional controls at key moments?

And all the while China remained miraculously unaffected by the economic melt-downs on their borders. Why? Because their currency was not convertible on world markets.

Can we learn any lessons from this? Is it that the European political class is no longer willing to accept binding limits on their economic power? Or is it that if the crisis isn't about cronyism, maybe the solution will be?

That said, I'm really not that worried about Greece.
 
#23
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: garrett4</div><div class="ubbcode-body">Was watching the Greek riots (pretty violent) and was wondering if you think our government would have the audacity to put down the same protests that the Greek government does. They are working over the protesters pretty hard with clubs or whatever. I can only imagine the ACLU going crazy. </div></div>

In a word, yes.

In fact, it's already been done before.
 
#24
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Greg Langelius *</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: garrett4</div><div class="ubbcode-body">Was watching the Greek riots (pretty violent) and was wondering if you think our government would have the audacity to put down the same protests that the Greek government does. They are working over the protesters pretty hard with clubs or whatever. I can only imagine the ACLU going crazy. </div></div>

In a word, yes.

In fact, it's already been done before. </div></div>

Good post Greg. And thats just one instance. As I mentioned before, there was Watts, and now I remember, Kent State, where 6 students were murdered.

So the answer is an unequivocal YES. Our governent will MURDER ITS OWN PEOPLE.
 
#25
Re: Watch the Greek situation carefully ...

I don't think we have a currency devaluation threat right now. The more the EU comes under pressure the higher the dollar will go. The Zimbabwe situation was totally different that any comparison is flawed.
 
#26
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Goldie</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Greg Langelius *</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: garrett4</div><div class="ubbcode-body">Was watching the Greek riots (pretty violent) and was wondering if you think our government would have the audacity to put down the same protests that the Greek government does. They are working over the protesters pretty hard with clubs or whatever. I can only imagine the ACLU going crazy. </div></div>

In a word, yes.

In fact, it's already been done before. </div></div>

Good post Greg. And thats just one instance. As I mentioned before, there was Watts, and now I remember, Kent State, where 6 students were murdered.

So the answer is an unequivocal YES. Our governent will MURDER ITS OWN PEOPLE. </div></div>

I didn't think hippies count?
 
#27
Re: Watch the Greek situation carefully ...

Event: I'd suggest you do some serious reading on def/inflation and where US currently is. If you'd care i can PM you some links (quite long boring economic essays but if you have open mind you might find them interesting). Cash is gtg however i'd seriously consider a PM (physical form) for the amount you'd like to transfer trough crisis. What is killing you (US) is your debt and your net trading loss with China and while EU is basically on the road to oblivion so are US. Weak dollar would help you guys if you'd export more as you import however this is not the case and all your Helicopter Ben is doing is making a bad situation worse.

I think we are at crossroads gentlemen where certain things will have to be decided and if choices we make are wrong well let just say Orwells version of future might be an optimistic scenario....
 
#28
Re: Watch the Greek situation carefully ...

I need only follow the dollar. It's in ascension. Also true inflation is a function of the credit liquidity. It's not liquid and so deflationary. I read all the boring Econ books when I got my degree in the dismal science.

So far the whole thing has followed the Mises analysis of the business cycle.
 
#31
Re: Watch the Greek situation carefully ...

If things get upside down here in the U.S. of A I don't think cash, gold, or jewels will help for very long. The technique of using smash mobs for robberies and looting has already caught on across the country.

If the price of fuel and/or food ever start spiking, because of world unrest, we'll see a rush on the stores by regular folk here in the states. If supplies get to thin, we'll see the smash mobs in the inner cities. It could escalate from there very rapidly.
 
#33
Re: Watch the Greek situation carefully ...

There are a few in this thread, that are educated beyond their intelligence. They'll go to their grave thinking that a bank full of cash will save them, when times get shitty.
History has always said otherwise,....as does basic, common sense.

When did having a large bank account, ever save anyone from a natural disaster, let alone a man made one? I know lots of folks in the 60's that had piles of cash, but still had their ass handed to them during a few of the riots.

Just remember into days world no power = no cash from any accouts, stores closed, no fuel, limited emergency services, and lots of douche bags looking to expand their stock piles from yours.

If you want a glimpse, remember the blow in NOLA, Andrew in Miami, The Northridge quake, those were but pin pricks compared to whats coming.
 
#34
Re: Watch the Greek situation carefully ...

I grew up in Newark NJ, living there from 1958 until 1990. I don't need to read books, watch TV, or search the Internet to see scenes replayed on the insides of my eyelids that involve mobs rioting, firefights and skirmishes between militant snipers, Police, and NJ National Guard Troops; resulting in widespread fire and destruction in a major Urban area. The resulting rubble looked like Dresden, spreading completely barren across well over a square mile; remaining so for many years after the event. It ended Newark in pretty nearly all ways that count. What regrew there was something very different from what began there.

Greg
 
#35
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gunfighter14e2</div><div class="ubbcode-body">There are a few in this thread, that are educated beyond their intelligence. They'll go to their grave thinking that a bank full of cash will save them, when times get shitty.
History has always said otherwise,....as does basic, common sense.

When did having a large bank account, ever save anyone from a natural disaster, let alone a man made one? I know lots of folks in the 60's that had piles of cash, but still had their ass handed to them during a few of the riots.

Just remember into days world no power = no cash from any accouts, stores closed, no fuel, limited emergency services, and lots of douche bags looking to expand their stock piles from yours.

If you want a glimpse, remember the blow in NOLA, Andrew in Miami, The Northridge quake, those were but pin pricks compared to whats coming.

</div></div>

We're in a credit deleveraging cycle, it's deflationary. Cash is king. If you're going on about the stimulus then that money has not entered into the broader supply of money - via credit - which would be a vital necessity for that stimulus to become inflationary.

If you think inflation is around the corner then put your money where your mouth is go and get into debt, spend freely, why not? Tomorrow that debt will be worth less and less as the inflation goes up and up.... no?
 
#37
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: EventHorizon</div><div class="ubbcode-body">If you think inflation is around the corner then put your money where your mouth is go and get into debt, spend freely, why not? Tomorrow that debt will be worth less and less as the inflation goes up and up.... no? </div></div>

Only a rich man or a fool, can afford or will to go into debt. I never understood why folks would gamble tomorrow based on todays wants, then again I know 1 + 1 = 2.
Numbers can be ran in favor of whatever answer a person that has the "Wants", needs to justify buying what they can't afford or need in the first place. Those that try to game their wallets, are normally left without a seat when the music stops.

It's about Choices,.... always has been always will be.
 
#38
Re: Watch the Greek situation carefully ...

It's not that simple as load/debt can be used to start a business, go to stock exchange and make (or loose) fortune, go to casino and win(or loose). Or you can get a loan and get drunk, buy an Ipod, Ihouse and Iwife and then work like a bitch for the rest of your life...

It's about choices and it's about knowledge. Money (in current context) is a tool and a measure of wealth now what you do with it it's up to you and is a very individual thing. Debt is only problematic when some of us want power, want to abuse that power and want for all of us to pay for their indiscretions...

Dunno how interest rates are in US (i've read most of the mortgages are with fixed interest rate) but if they are fixed rates than inflation is something which is quite good for your credit (not for everything else mind you and those closest to the source of money will profit in hyperinf. world) however if you have variable exchange rate well then it ain't gonna be pretty when they start hiking rates.
 
#39
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sharac</div><div class="ubbcode-body">It's not that simple as load/debt can be used to start a business, </div></div>

It is that simple. Those in the middle of the chain want you to think it's not because they have a vested interest in keeping you blind. I have started and sold 3 business w/o ever borrowing a penny! Uncle was well paid for what? He was never on the job sites helping/working that I know of, but damn sure had his hand out for 40% of the sale when I sold them. Wonder why many of us, just packed it in?

Everyone thinks you need to sign your life away(which many did and are now paying for it)to achieve financial freedom. Work for it or sign for it, that's your choices.
Those that sign for it need to understand just what they are giving up or could lose if that Crystal ball is wrong.
A bird in the hand kind of guy(which I am), will most likely always have a chair when the music stops.

I've seen the true numbers(gamers don't want you to know those)on thinking you own a home, over having a free an clear deed to same. Built a few spec homes from hip national over the years, an know the real numbers involved from buying dirt and bringing a house out of the ground, vs what Joe public pays at closing, for a key an move in. Now I don't work cheap but I'm not the theft, the rest in the ownership chain there after,... are either.

Tell me the "Real" long term numbers of a new home that costs a total of 100K to bring from dirt to key? Many don't what you to know those numbers,... Just add up points, closing, dock, title, impact, appraisal, realtor, credit check, an Mortgage Ins. Take all those numbers an "interest money" from the real cost of dirt to key. If you don't want to work for what you have, be a rich man and just sign for it.
 
#41
Re: Watch the Greek situation carefully ...

Problem with me is I was programed by folks that went threw the first Depression here, and learned very early in life how to tell the difference between wants, needs, warm rain, an piss running down my back. I don't have an issue with the middle range blood suckers, until they want me to help pay for their fuck-ups.
 
#42
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ubet</div><div class="ubbcode-body">gunfighter, I really enjoy reading your posts, you have such an eloquent way of telling people to piss off, that some probably dont even notice
grin.gif
</div></div>

pull your head out of that horse's arse you ignorant twerp and then maybe you'll realize you've just been given some sound advice. I can't stand the willfully ignorant.
 
#43
Re: Watch the Greek situation carefully ...

Gunfighter, I'm with you bro. You can suck up and confuse numbers all you want but debt is debt!!! And right now the lesser you have of it the better off you will be for a very long time.

I am 55 and have virtually no debt. Busted my ass to get that way, but in this economy that is how I want it to be, and have instructed my grown kids to tread very carefully.

I'm not a naysayer by heart but I firmly believe things are going to get worse before they get better. And no one will be able to take the roof over my head away from me!!!
 
#44
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: slowkota</div><div class="ubbcode-body">Meh...

It was worse in Vancouver! lol </div></div>

Vancouver was a bunch of self-centered, overripe teenagers getting spurred on by anarchists to tear the shit out of the middle of their own town because their hockey team got an in-your-face obliteration on large screen TVs.

We've rarely seen what happens when a loaf of bread is worth a wheelbarrow full of greenback dollars and everybody is <span style="font-style: italic">hungry.</span> You think people get disagreeable when they haven't eaten all day? Wait until it stretches into two or three. Money will mean less and less and possessing and protecting scarce goods and resources will mean more and more, and Vancouver will have been as nothing.
 
#45
Re: Watch the Greek situation carefully ...

Yep, anyone that tells you, debt is good has a vested interest in getting into your pocket, anyway they can. A paid for, deed in hand home, beats being a slave to a address thats just three missed payments from being 100% controlled by the mortgage holder, an Sheriff.
I know folks that had a clear Deed and bought into the home credit line B/S, or some pie in the sky deal, and now are renting at my age, 64. Many 30-40 yo +, married w/ kids of their own, having to live with their parents, do to wants.
Guess it's hard for many to know when, they have exceeded their ability to pay for what they want. Then again when you have the US Government leading the way into the abyss, by the best collage educated folks there are,... why would we even think for one minute the average person knows any better?

I like this thing called retirement. I may have had to work hard an live within my means all those years, but a chair when the music stops beats a tax deduction and mortgaged "Address" every time in my book.

 
#46
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: EventHorizon</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: ubet</div><div class="ubbcode-body">gunfighter, I really enjoy reading your posts, you have such an eloquent way of telling people to piss off, that some probably dont even notice
grin.gif
</div></div>

pull your head out of that horse's arse you ignorant twerp and then maybe you'll realize you've just been given some sound advice. I can't stand the willfully ignorant. </div></div>

Event with all due respect, GO FUCK YOURSELF!!!

If I didnt realize what he was saying, and how he was saying it I wouldnt of posted what I did. I agree with 99% of what gunfighter was saying.

Maybe just maybe you are the ignorant little twerp.
 
#47
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gunfighter14e2</div><div class="ubbcode-body">Problem with me is I was programed by folks that went threw the first Depression here, and learned very early in life how to tell the difference between wants, needs, warm rain, an piss running down my back. I don't have an issue with the middle range blood suckers, until they want me to help pay for their fuck-ups.

</div></div>

My dads folks' were around 10 or so when the depression hit, it was the single life shaping event for them. They always had two or 3 freezers, stocked full of food, my grandma canned everything she could. They had stockpiles of canned food that dated back 5 or 6 years when they died. As I grow older, I dont know why, but I have started to become more like them. I try to always keep one freezer stocked with meat that I cut/wrapped myself. We are looking at getting another deep freezer to put more food into. Trying to get my wife to relearn how to can.

I honestly think every kid graduating high school should have to have cut and wrapped some animal, be it a pig, lamb, or beef. Its the basis of survival. If/when we have kids, by the time they are 12, I want them to know how to can, how to hut/fish, butcher, grow a garden, cut/wrap/jerk meat. How to keep meat so it wont spoil, along with any other basic skills I can show them. With that basic knowledge, and some gunpowder, you can keep yourself fed, if the rest of the world goes to shit, no matter what, you will be able to fill your belly (hopefully).
 
#48
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dagsta</div><div class="ubbcode-body">Gunfighter, I'm with you bro. You can suck up and confuse numbers all you want but debt is debt!!! And right now the lesser you have of it the better off you will be for a very long time.

I am 55 and have virtually no debt. Busted my ass to get that way, but in this economy that is how I want it to be, and have instructed my grown kids to tread very carefully.

I'm not a naysayer by heart but I firmly believe things are going to get worse before they get better. And no one will be able to take the roof over my head away from me!!! </div></div>

Well said Dag. Im 61 and have no debt (with the exception of one car loan at 2.49% which i have the money to pay off but would rather leave it invested at roughly 15%.). Wonderful feeling. I have no sympathy for those who just sign for it and then lose it. No body held a gun to their head to make them sign.

Ive got a buddy who bought a home for $500,00 at the hight of the houseing inflation and they gave him and extra $50,000 cash at closing to "spend as you wish". Now the 50K is long gone, hes ARM is going up, and the house is worth $300,00 tops. He blames the bank for suckering him. I laugh in his face and he doesnt like it but as I said, "no body held a gun to his head".
 
#49
Re: Watch the Greek situation carefully ...

Greece, like America and all other Nations of the world, has been defrauded by the International Bankers and Moneymen through their use of the pseudo-financial instruments known collectively as derivatives.

Professor Laurence Kotlikoff, tenured professor of Economics at Boston Univ last August published his finding that America actually had (then) a total Federal Debt of about $207 Trillion rather than the $13 T admitted to. Don't add in all the Social Security funds raided over the years, and funding mandates and it is easy to hide $194 Trillion from the American People...


Greece is supposed to sell-off its National Assets and impose austerity upon the people, to continue their banking charade. Fiat money is not a store of wealth or "money"; it is merely accepted as such, until it isn't.

America has been economically ruined since 1979, just as Greece and all other IMF nations have been. China is tottering on collapse at this moment also.

The basic fact of life is: You can't do business with people who don't have any money.

The basic monetary fact of life is: You can't use fiat money to fund sustainable economy because the money to pay the interest on the fiat is not created or available...

America has been destroyed intentionally and it was planned as revenge against Andrew Jackson. With the help of 3 Senators who met secretly on Dec 24th 1913 in the Senate Cloakroom at 8pm declaring a quorum and voting in The Federal Reserve Act, our Nation was setup for failure and to be looted.

Since 2008, America has been looted for every loose dollar that could be robbed via Government spending and market manipulation.

Not much time left to get ready to survive what is coming. Hope you are out of the line of fire in so many respects...
 
#50
Re: Watch the Greek situation carefully ...

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Goldie</div><div class="ubbcode-body">I've got a buddy who bought a home for $500,00 at the hight of the houseing inflation and they gave him and extra $50,000 cash at closing to "spend as you wish". Now the 50K is long gone, hes ARM is going up, and the house is worth $300,00 tops. He blames the bank for suckering him. I laugh in his face and he doesnt like it but as I said, "no body held a gun to his head". </div></div>

I have heard that all to often. No one seems to want to take credit where credit is due. He signed the agreement and thought it was favorable at the time. However, he has lost nothing he still has the same house and is paying what he agreed to pay for the house. It may not seem so favorable now, but a least he is not outside getting wet.
 
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