Barnhardt: Watching The Other Hand
From Ann Barnhardt:
Buried under all of the Bin Laden distraction was the biggest news story yet . . . and it has gone completely unnoticed.
Treasury Secretary, Seditious Traitor and walking porcine anal sphincter Timothy Geithner announced (read DEMANDED) today that the U.S. debt limit be raised immediately by TWO TRILLION DOLLARS. Geithner indicated this will be the amount of additional debt taken on before the 2012 election - and the election was cited REPEATEDLY as a benchmark date.
That's $125 Billion PER MONTH. What Geithner is saying is JUST RAISE THE CAP $2T now so we don't have to go through the charade of raising the cap quarterly, because we all know damn good and well that there really isn't a cap at all. The "cap" is just a Marxist linguistic manipulation designed to pacify the gullible thralls in the soon-to-be-exterminated bourgeoisie.
That's $125 Billion PER MONTH. What Geithner is saying is JUST RAISE THE CAP $2T now so we don't have to go through the charade of raising the cap quarterly, because we all know damn good and well that there really isn't a cap at all. The "cap" is just a Marxist linguistic manipulation designed to pacify the gullible thralls in the soon-to-be-exterminated bourgeoisie.
There's your QE3, kids. The gross GDP of the US when Obama usurped the Presidency was $14 Trillion. They have already printed $5T, with AT LEAST another $2T slated. That's $7T. They have debased the US Dollar by fully HALF of the GDP and will do it in less than FOUR YEARS. The Dollar Index is into new lows for the move and is hovering just above the huge 2008 lows at 0.7100. When the Dollar breaks those lows at 0.7100, and it could be any day now, that will be the lower G.I. effluvia hitting the high velocity rotors.
Time to stop worrying about fake pics of Bin Laden on the interwebs, kids. Your economy and way of life is about to be slaughtered and bled out on the altar of Marxist Totalitarianism.
Buy silver coins now. There has been a $10 per ounce pullback since Sunday night driven by the big banks in collusion with the futures exchanges. The exchanges DOUBLED the margin requirements on Monday, thus driving out all but the big players. Use this opportunity to buy physical coinage. I use www.Apmex.com , but there are several outfits on the internet that do a good job. Also buy emergency food if you haven't already, water, essential medications, spare eyeglasses, firearms, ammunition, batteries and whatever fuel you can safely store.
Because when this collapse of the dollar happens, there will be nothing anyone can do to stop it.
It will be the economic equivalent of trying to stop a tsunami.
Because when this collapse of the dollar happens, there will be nothing anyone can do to stop it.
It will be the economic equivalent of trying to stop a tsunami.
posted by Concerned American | 2:37 AM
14 Comments:
Fuck, shit, piss, cunt, cocksucker, motherfucker, and tits.
I'm gonna die.
It's comin' down now, ain't it?
I wanna meet Jefferson. That's all I want. I wanna meet Jefferson.
just finished a similar piece...http://thecivillibertarian.blogspot.com/2011/05/masters-of-universe-attempting-repeal.html
Just make the 'ceiling' 100 trillion and that way we won't have to go thru the process for at least 4yrs.
The freeze-dried food place I usually buy from only has broccoli. Hope everybody bought theirs way early.
For whom does the bell toll?
Something more valuable than gold? Skills and tools. Gold can be lost stolen or devalued but skills like medicine, engineering, farming, carpentry have served mankind better than gold. If you need something with gold your at the mercy of those who set the price. If you have skills or tools you can produce goods and things people need. I'd rather have a doctor than a bar of gold.Independence and self reliance are more valuable than gold.
50% inflation of the money supply in 4 years.
Lovely.
Got bullets, band aids, beans?
You had better.
Bob
III
CA,
You may want to Google the address of APMEX. Just for fun.
Proverbs27:12
@Disciple of Night: "For whom does the bell toll?"
Better to go with Bender Bending Rodriguez's take: "Oh, cruel fate, to be thusly boned! As not for whom the bone bones; it bones for thee!"
The upside, I guess, is that an awful lot of people will get to play the part of "thee".
Yeah, the dollar index may fall below 71, but not anytime soon. Silver is crashing and the dollar index was up yesterday.
As long as the PTB all agree on the rules of their endless monopoly game, and as long as the Golden Horde is more worried about who gets cut from this week's DANCING WITH THE STARS, nothing will happen.
Anon @ 6:14, Physical laws govern the money supply and its purchasing power. It is not merely wishes and hopes that keep the economy churning.
Anonymous at 5:57am is right.
You're talking about something way, way beyond Weimar Republic style hyperinflation. The size of the turds and the size of the fan involved are quite a bit bigger than that.
You're talking Ragnarok here. You're talking Mad Max time.
If the cities are burning, what good's that piece of paper that says you own a few ounces of silver going to do you? Hell's bells, man. You could have the actual silver coins on a string around your neck. It's just going to be a shiny trinket for Rastus and Paco when they cut your head off and put it on a pointy stick.
If you're right, it's way, way too late to be buying anything but bullets, blankets, boots, and beans.
For Anonymous at 2:54 AM:
Rastus and Paco are the LEAST of one's worries. Unless they show up out of the clear blue ski, the cities in flames should be sufficient warning that THEY are coming. And while they may strike fear in the hearts of city suckers with their "spray and pray" philosophy of weapons operation, they are unlikely to pose much threat beyond the walls of those cities, among people who KNOW how to do "gun control."
The REAL threat is and will be "Law Enforcement". For those of you who trust your local police, I'll ask again what I asked on Arctic Patriot the other day:
"When you DARE to defend yourself against FedPig, just exactly WHAT do you think your "good" local guys are going to do if you survive the initial encounter:
1 Stand with you against the backup FedPigs?
2. Stay out of the way and let you defend yourself against the follow-onslaught?
3. Arrest you for killing a FedPig. And then turn you over to them when they claim jurisdiction?"
I think I know the answer to that. Hopefully you do as well.
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