Showing posts with label economy reality. Show all posts
Showing posts with label economy reality. Show all posts

Tuesday, July 28, 2015

Have Cash On Hand To Survive For Three Months: “No Institution Is Safe”

No institution is safe for all can be closed by decree, including credit unions. This is true of safe deposit boxes as well. They may not confiscate it, but they can deny access. PLAN B should be an amount of cash that is enough to live on for at least one month if not three months insofar as basic essentials, not mortgages, etc. Effectively this is food money and gas for the car.

Gold coins will not help in this case, nor will silver coins, for we are not talking about trying to preserve wealth; this is the emergency stash for living purposes in case you need CASH, which is recognized by everyone. Try explaining a silver quarter to a teenage clerk who has no authority to accept a quarter for more than a quarter. Precious metals will be more of an underground economy of barter; it will not be useful at the local supermarket.
Also, keep in mind that cash could come in handy in a computer failure, whereas you cannot access a bank, exchange, etc. just to survive for there could be a scenario where not even plastic credit cards or debt cards would offer any help.
Source: Armstrong Economics

America goes the way of Greece and the government enacts capital controls you can fully expect hours-long lines at ATM machines and banks just to get your daily allotment of $50 – $100. That, of course, is not enough for the majority of Americans to cover their most basic expenses including mortgage payments, food, and other necessary expenditures.
In such a scenario, having a one to three month reserve of cash will come in handy.
And though Armstrong says that gold and silver will likely not be accepted at your local super market, he has also previously noted that gold itself is an asset of last resort to preserve wealth in a situation where the public has lost confidence in their governing bodies. Thus, while you may not be able to hand a pre-1965 junk silver quarter to your grocery clerk in the immediate aftermath of a financial emergency, barter markets will likely emerge just like they did in Greece following the initial collapse of that country and at that point trading directly with gold, silver or other physical assets like liquor, cigarettes and food may become commonplace.
It should be clear that something is very wrong in financial markets. There is a wide body of evidence confirming this assessment, but most recently we learned that China has dumped over half a trillion in dollar-denominated assets and many of the same scenarios we saw in 2008 are playing out all over again.

the smart money KNOWS a crash is coming...it's how they spend their capital reserves that confirms it.


Thursday, July 18, 2013

Death chips in appliances, Cellphones, Electronic anything fix the problem of lagging sales due to dead economy


Give us all your money or we will kill your car

That's why they added a digital anything to everything. The death chip dies after a set time. so many uses; so many turn ons; so many days... Then it dies, after giving vague failure warnings to the consumer.

It's called planned obsolescence.

It forces the consumer to upgrade, especially after warrany expiration. So what if you cannot afford a new dishwasher or coffee pot. Get one, cuz the old one is now DOA. And by old, I mean about 14 months.

You see boys and girls, several years ago, an electrical engineer discovered the death chip in a Hewlett Packard printer. His printer quit and he took it apart to fix it. Nothing was wrong. Then he found the chip, developed a software patch to disable it and his printer worked fine from then on. Further investigation revealed DEATH CHIPS in nearly ALL modern products; each set to their own death cycles.

But hey, go ahead and get that new smarphone. Comes complete with 24 hour surveillance by local and federal law enforcement on where you go, what you say, who you see and what you do. And you pay for it. The microphone is always on, as is the video, and always sending back to black servers off-shore and in Virginia. Oh, and with Finspy, even local sheriffs can use your phone to spy on you and they don't go to jail. But, wow, you are sooo cool with that new Iphone and hip; you gotta be like all your network friends and get in on the spy game loop, right? Sure you do. A good citizen always surrenders their intimate moments with steroid jacked thugs so they can feel all powerful.



Friday, April 5, 2013

People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels

and that's with the 75 millions added since that time to the population!

Woah...

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."


People not in labor force:



Labor participation rate:


life is a wave...a bell-curve, and every time



Thursday, February 7, 2013

What goes up, must come down

These kinds of videos are meant for the middle class and above. The poor cannot act upon this info, because they are poor. It takes means to prepare and make locale changes. Self-suffiency is still market based. A market which is linked to the network's house of cards system.