Fed Policy Burns Down the Middle East, Who’s Next?
by Chriss W. StreetChairman of the Federal Reserve Ben Bernanke launched a second round of Quantitative Easing (QE2) in October, following over a year of growth in the economy at a robust rate of over 3%. Most analysts pooh-poohed QE2 as an insufficient economic stimulus to create enough inflation to reduce unemployment. I warned that QE2 was like pouring inflationary lighter fluid on the world and then lighting a match. With food inflation now running at 15% in poor countries, the Middle East is just the first area to burn, but fire is smoldering in much of the world and other fires will break out soon.
QE2 is a program by the U.S. Federal Reserve to inject $600 billion of U.S. dollars in the financial system by repurchasing an equivalent amount of U.S. Government bonds. Once the money is paid to the former bondholder, they deposit the cash in banks. Banks take deposit dollars and leverage them by 6 to 10 times creating $3.6 to $6 trillion in credit. Given that the Gross Domestic Product of the U.S. economy is only about $14 trillion annually, it would impossible to immediately purchase 25-40% of the entire economy. Consequently, the reality of Quantitative Easing is that the money will be invested in the stock and commodity markets. The theory is that the financial assets rise on the huge inflows of QE cash, investors will feel wealthier and go to the malls and the car dealerships to “shop till they drop”.
The problem with theory is that QE2 money quickly drove up commodity food prices around the world. This price rise is barely noticeable to Americans who only spend 10% of their personal income on food for three meals a day; but the impact of food inflation is devastating the over half the world that spends approximately 50% of personal income on food for two meals a day. The 15% QE2 induced commodity food price increase has reduced the amount of food poor people can purchase by almost 1/3.
The riots and revolutionary activity burning down Tunisia, Yemen, and Egypt are about gut-level economics. Do you think Americans would riot and throwing out our government if we were forced to cut back to eating 1 1/3 meals a day? Once riots start people in cities hoard food to survive and becomes dangerous for farmers to transport food. This is exacerbates food shortages and drives prices even higher.
Unemployment was modestly declining and inflation was flat before the Fed’s August announcement of the new stimulus, as shown above. That trend remains in place as QE2 has not significantly reduced unemployment. The only success of QE2 in U.S. is a 20% in the stock market the last six months.
When the Credit Crisis hit in 2008, the Middle East country of Dubai was the first financially leveraged nation to suffer a debt crash. Since that time; Greece, Iceland, Ireland, Spain and others are also suffering a similar fate. QE2 leveraging of worldwide commodity food prices has sent the Middle East into flames. With the price of a barrel of oil hitting $100 dollars and food prices accelerating, those flames will spread.
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166 Comments
The Fed's policy and obama's plans are to burn down the United States of American.
Chriss, This may be one of the best written simplifications of Americas poor economic policy I have seen in quite some time. THANK YOU!
You're exactly right, Mr. Street.
And in time, it will reach places much more closer to home than most Americans realize.
Inflation flat? Have you seen the prices of gas or the price of beef lately?
This idiot thinks the middle east problem was caused by the current money shortage. What an idiot!
Hey Ben, Pay attention, the Middle East problems right now is caused 100% by Iran. They trained the leaders of the revolution. The new government in Egypt will close the borders (open the border to Gaza so they move weapons into Israel), install sharia law, burka's will be all the rage and they will take anything we offer and turn it around to use against us.
God Help this Country, we are being led by idiots.
Houston– we have liftoff of the Obama Suptnik, The Skyrocket–WTF!
What goes around, comes around.
When are these meddlers going to learn that business decisions belong in the hands of business people, not in the hands of social engineers?
Distorting the logic of the free market is rife with unintended consequences, and we're now staring one of the most dangerous consequences square in the face.
In the final analysis, economic historians (honest ones that is) will look back at this era and describe it as a time of massive economic and social disruption inflicted on us by clueless academics tinkering with processes they don't understand because they never dwelt in the real world of business.
"Knowledge of the world is only to be acquired in the world, and not in a closet." — Lord Chesterfield
Who's next? Us.
Government mandated inflation was a core method used by FDR to keep the USA ensnared in its one and only decade-plus long depression.
Either QE2 is FDR2, or the Fed's actual goal is unmentionable.
I think it's the latter. As some have noted, the Federal Reserve is buying back the $50B – $80B or so per month of treasuries the Chinese recently began to cut back on. It's the end-game scenario of our debt burden being unserviceable at what would be market rates if the Fed didn't intervene. It's the Fed's last gasp effort to keep the federal government solvent, not to grow the economy.
Anyway, QE2 ends in June, and the investment banks who tell us not to worry have lowered their holdings of US treasuries from, get this, $81 billion in late November to $2 billion in late December, according to Bloomberg.
H.M.O.G. — fireworks by July?
Nice article, Mr. Street. At any other time, I would proceed with a diatribe on how it is utterly evil that the Obamao Marxist regime really wants to doom our great Republic. However, on this day, I will pray to God for Divine Providence to guide all who cherish freedom through our coming trials and tribulations. Amen.
I was wondering when someone would tumble to the reality of the impacts of quantitative easing and the destruction that fractional-reserve banking and the liability-inflation method of currency creation (fiat money) have wrought and continue to create to the woe of everyone in the world WITH THE EXCEPTION OF THE BANKING INDUSTRY. Quantitative easing ensures that wealth always stays concentrated in the banking industry and the ruling-class of every country that uses this system.
There is an alternative. Learn about the exciting new approach to banking called "The Consumption Banking System" that puts an end to quantitative easing forever and fractional-reserve banking by replacing it with a self-regulating and self-sustaining system the bankers and government can never wield again for their own corrupt designs. http://www.capitalismbookstore.com/The-Consumptio....
Speaker John Boehner Retreating on the Debt Ceiling http://bit.ly/frFOfb
Well, folks, with the oil moratorium and the funny money being injected into the market, prices are going to rise due to inflation, and lack of petroleum based product. It's simple economics(not Keynesian). Everything we use from "A" to "Z" depends on energy consumption. With the EPA and the DOI messing with the market place and our energy sources, prices will rise nearly 20% before this summer. That's a big chunk of change from a paycheck.
Add to this escalating problem, the current unrest in Tunisia(oil producer) to Egypt(oil producer) and what is happening in Iraq(oil producer, Iran(oil producer), Venezuela(oil producer) and anticipating that it will continue throughout the middle east(Saudi Arabia, UAE, and Oman) we are in for an oil shortage much worse than that of the seventies(fabricated).
My suggestion, with China and Russia controlling a significant amount of current exploration and production, is to tighten the belt, break out the bicycle because energy costs are going to rise to much higher dollar rates.
We need to open up not restrict our own resources of coal, natural gas, and oil if we wish our economy to survive. Think of it as time to spit or get off the pot. Cause all our brat 'n thief is doing is strangling our economy, the nation, and the people.
Tunisia, Lebanon, Jordan, Albania, Yemen and Egypt will fall to totalitarian dictators, no doubt about it.
U.A.E., Kuwait and Saudi Arabia will be the next Middle East states to be targeted by Soros and Co., when the house of Saud falls you can count on $20.00 per gallon gas domestically within days.
The Persian empire is being rebuilt before our eyes and Iran will likely be the head of the fledgling beast as it once was 2000 years ago.
The oil will stop flowing and Western Civilization will grind to a halt and no "green initiative" or "alternative energy project" in the US would have ever stopped it.
The only energy policy that could get us out of the impending oil shortage is "drill here, drill now" but of course the people that assumed power on January 20, 2009 had much different ideas.
They have made our country weak in order to please an extremist political constituency and bow to an extremist globalist cabal in spite of what the people of the USA have said for over two centuries…
"Government get out of the way!!!"
When the price of gas hits $20.00 per gallon remember who you owe your thanks to for that excessive burden…
Environmentalist extremists like ELF, Green Peace and the EPA.
Jeff, you think it's possible to post your disagreement without calling someone an "idiot?"
The fact is that "revolutionary" uprisings like this are multi-dimensional occurrences. I have no doubt that radical islam, Iran in particular, are starting all these fires to advance the "caliphate."
What this author is offering is that economic hardship and hunger can be used as the FUEL for radical muslims to start those fires. Radicalism and rioting doesn't just appear on its own, without creating some primal crisis to ignite the flames.
The article makes an excellent point. You should consider it as part of the big picture of how radicals create chaos, rather than writing it off as the words of an "idiot."
Life as we have known it changed on Thursday night when the rioting started. It's now not a question of whether this "is" going to happen, but if you are prepared to survive it. I know you are Missy, good luck, God bless.
I long for the day when people point to the current crop of dems and warn their children that they are pure evil. None of this shall end well. Their "game" is destruction and misery. Sheople need to learn to look past their messaging and their control of public opinion.
Yes, it was a good article Sunshine! It explains very clearly Qe2 in laymen's terms.
Any American would have to be a fool not to be preparing for food and gas shortages. It's time to plow up every inch of our yards for a garden and guard our food with our dogs. Oh wait, I only have 2 ten pound Yorkies to rely on LOL!
)
The extremist now have crosshairs on Rome…Paris… London…ect.
Europeans stuck in Egypt might take a good look and know you're seeing a preview of YOUR WORLD and soon, if you don't wake up now!
Watermelons in burkas.
Morning brother.
We are totally focked. Even impeachment now won't stop this disaster. Living "off" the grid, growing your own vegetables and hunting your own food will be common place now.
This is a very sad reality.
Good to see you "back" Missy!
Will we make it to the 2012 election?
That's why soros is investing heavily in Brazilian, deep water oil drilling. If the middle east crumbles, he will make billions from a restricted market. BTW, I wouldn't count too much on Brazil's help to supply the US. The new president there was a marxist rebel back in the day.
"economic historians (honest ones that is) will look back at this era…………"
There is nothing new under the sun. Wouldn't it be nice if we listened to current historians (honest ones) about the policies that are being instituted today? If we did, we would NEVER have moved ahead with the Keynesian economic policies that have been foisted upon us. We could look at the effect that Coolidge's policies had on the economy, adding only those safeguards that address the pitfalls of the new "global" economy.
There's so much we could learn from history, if only we had leadership with the wisdom enough to learn from it.
We should be bringing ten nuclear plants per year online right now but the whackos in our midst fear mongered us out of that "alternative energy source" in favor of windmill and pedal power fantasies.
They want to annihilate two thirds of humanity and for those of us who remain to live like the friggin' Flintstones under their thumb, the only way they can do this is through mass starvation.
When the oil stops flowing the hamburger, flour and lettuce stops arriving on grocery store shelves and the famine begins because most people are too damn dumb to grow their own food or simply live off the land.
Glenn Beck was 100% right.
"The study of history is a powerful antidote to contemporary arrogance. It is humbling to discover how many of our glib assumptions, which seem to us novel and plausible, have been tested before, not once but many times and in innumerable guises; and discovered to be, at great human cost, wholly false." — Paul Johnson
China owns Brazil and Soros works for China, this will not end well for anyone but him and his mass murdering communist pals.
I'm beginning to seriously doubt it.
No, I will call The Federal Reserve Chairman an idiot because he has access to real data that we the public do not have. He has to know that for the last 30 years the radical Muslim exporter is Iran and Iran got the power from President Carters weakness.
The thought of easing our monetary policy for this "Crisis" is insane. The fact that people are starving is twofold, free market no consuming the goods (usually as a result of China under pricing goods), then the corrupt nature of the entire Middle East economy. Having done a ton of business in the middle east, without bribes you cannot get anything done.
Any question that Ben is an idiot , he hires his income taxes to be done by professionals. This is the smartest man in the world and he cannot figure out a tax return himself! Yes most of us have too. So my statement that he is an idiot goes much deeper than this single action but this has to be one of the dumbest things that will continue to hurt our economy. HE IS LOANING OUR MONEY at near ZERO % interest to people who may not be around next week.
The bank bailouts continue, while the vast majority of Americans are oblivious.
When a government acts in a manner that is so detrimental to the well being of its citizens, have they declared "war" on those same citizens? I'm to the point where the answer to that question will govern my actions, personally. For now, non-violence MUST be the way, but that will not always remain so if we continue down this path.
If- when- we collapse, America will be so vulnerable to outside attack as well. Remember how Obama said he wouldn't retaliate if we were attacked. There was NO Reagan M.A.D. conveyed to our enemies by this regime.
My hubby was listening to Michael Savage and he was talking about collapse here and then China invading or being handed the 'keys to the kingdom."
As a Christian, I'm "watching and praying*
And preparing.
Came to the streets of Greece via poor economy
Now in the streets of Egypt due to piss-poor government policies.
Hmmm, we have both in play here…
Mr Obama……"As you sow so shall you reap". But what do you care? Any ancillary or unintended consequences of your actions can be blamed on others. To the detriment of the world.
That's all you're good at.
This column would have benefitted from another proofreading. It comes across as illiterate.
World Economics can be a challenge for many (some simply ignorant and some lacking historical knowledge gained over time) and this simplified the more complex. I have forwarded this to my 2 twenty somethings.
We all filled the cars tanks on Friday and this weekend son is busy prepping the pea patch which can be planted in Feb. The English Bulldog is getting rather indignant when we make BBQ jokes though! I must confess that the laid aside food stores will only easily cover 6 months but the seed will produce a bounty within 90 days. Time to put aside a bit more of the stable staples here that is for certain.
The country has a lot of fools who can not think ahead of their next spending excursion. Times are surely changing and I remain very hopeful we can wake up a majority of our citizens.
OK, I have to backtrack and apologize. From your first line I got the impression you were calling the author of this article an idiot. I missed the reference to "Ben."
On this point, I agree. Though I might not call him an idiot as much as a TOOL. I think he's taking orders from far higher authorities.
Costco had pallets of dehydrated foods last summer. It was enough food for 4 people for a year, two people could stretch it into 2 1/2 years. It cost $4,000 and all it required was water. You can't even find that anymore.
I was reading the SF Chronic this morning, as I do most mornings to see what the Liberals are saying. "Obama is supported by the masses for his stance on our energy policy, the crisis in Egypt and Health Care". The narrative never ends.
Two years ago, many of us were "tin foil hat" wearers for preparing for what we saw as Agenda 21 coming to life, now we are the one's who may emerge after Soros and Obama's cleansing of the masses. I cannot believe where we are heading, but need to tell myself daily that it isn't "if" anymore it's when. We have very little time left for preparation now.
Truer words were never spoken. Too bad we never learn.
Well, a few of us do.
For every action there is a reaction…
Have you seen the price of corn lately? (it takes corn to produce beef)
Have you seen the price of crop inputs lately? (it takes seed, fertilizer, chemicals, fuel, labor to prod corn)
And on and on and on…
If you eat you are involved in agriculture!
Thanks Dand for allowing me to make my point, there are no easy answers…
.
I seriously doubt a 2012 election as well FC. All of what we see going on now will escalate into our demise. Our country cannot make it through the fog of 100% inflation in a matter of a weeks time.
Preparation of the inevitable is what will save some people now.
I wonder if he will have a "mission accomplished" moment! after all he did say "under my plan energy prices will necessarily skyrocket". He warned everybody and people still elected him. Go figure! Yes we need to open up but the idiot golfer will not open up anything. Unless of course he decides to put us at risk even more and empties the us reserves completely.
Our chief export nowadays is inflation.
There are a few typos and a few grammatical errors, probably due to speed, and yes another proofreading would have improved that. However, the point remains very valid.
The Fed's policy is probably to monetize a national debt that cannot realistically be repaid.
But it doesn't fix anything. It may only keep the wheels spinning awhile longer before they come off entirely.
Boil water for Ramen Noodles and bagged beans. Mix them together and voila. Good eats..sorta.
)
Check out Garden Of Life Supplements. 80% of our immunity is in our gut. God knows, we want to stay as healthy as we can when the medical community collapses.
This is just another example of the Law of Unexpected Consequences in action. The conversion of food into biofuels and excess liquidity invested in commodities is driving up food prices worldwide. The Obama adminstration is just like the Carter adminintration only worse.
It's already started. The rise in the price of commodities such as precious metals is not because they have gained value. It's because the purchasing power of our dollar has lost value, so it takes more dollars to buy them.
Government statistics reporting low inflation are rigged. All anyone has to do is look at their monthly bills to know better. They measure inflation but exclude things that have risen in price from the basket of goods measured. Clever, eh? The inflation is a consequence of Fed policies, which are influenced by our huge national debt.
I agree, it will get much worse.
We have been preparing for over a year now. I thank God for the 9 acres I just bought completely away from any city. Good soil, lots of game and water.
I can't even believe we are having this conversation but recognize heads in the sand are not going to make the inevitable go away.
The primary export from my state (Illinois) is corrupt politicians.
How many times are you going to repeat this baiting lie today?
YOU LIE! Just like a good little progressive does. Your reading and comprehension skills are extremely lacking. You are trying to imply that a discussion implies "retreating" = supporting.
Not once in THE HILL article do I see where Boehner said anything about supporting raising the debt ceiling. Allowing a vote on something IS NOT supporting it…. it is allowing a show of whether there is support for it.
The only things that I see is where Boehner was quoted was the things that cannot be allowed to happen and what Obama must do. I dare you to show us where Boehner said anything about supporting raising the debt ceiling.
Unlike Pelosi… Boehner doesn't seem to have a problem ALLOWING A VOTE on it if Obama doesn't do what is required… cut spending… before it will even be considered. You are trying to make it a foregone conclusion that it is the ONLY CHOICE and that it will pass with A VOTE in the house.
"That would be a financial disaster, not only for us, but for the worldwide economy," Boehner said on "Fox News Sunday" of the risk of default. "I don't think it's a question that's even on the table."
"The president of the United States is asking us to increase the debt limit, but on Tuesday night, he didn't even address it," Boehner noted of the president's State of the Union address. "The other night, all he did was call for more stimulus spending."
Boehner said it would mean "financial disaster" for the global economy if Congress were unable to come to a deal to raise the debt ceiling this spring.
"The American people will not tolerate our increasing the debt limit without significant reductions in spending," he said.
We will see whether it is Boehner or Obama that retreats.
You certainly boiled it down to it's essence Rick… Thanks
Remember, o said way back, "Under my plan energy prices would necessarily skyrocket".
For some reason, which completely alludes ME the poorest among us voted for him nevertheless…
Guess they didn't believe the words that came from o's own mouth.
He's moving forward with his plan, what do we think the exploration/drilling permit moratorium his
administration has enacted is?
Will o's administration put some kind of controls to limit Chicago Board of Trade grain trading soon?
Take it to the bank… and all this chaos is designed to cause us all to think it is a good thing when it
happens. How foolish we are to buy that premise… it will only lead to shortages of food here, as well
as world-wide and eventually lead to the US FedGuv completely taking over the US Agriculture sector.
We all know how efficient and effective that will be… US Post Office anyone?
Do WE as UNITED STATES citizens have the grit to push our legislators to reverse these
ridiculous policies we all agree are wrong?
Are we just one or two EXECUTIVE ORDERS away from disaster?
IMO we can't afford to wait for the next presidential election to make these changes. By then we might
be too far down the road to ruin to turn back.
Now our most important task it to convince our CONgress to ACT, …NOW!!!
.
Hmmm… this is kind of a coincidence. At the end of the first paragraph, it shows where we, the taxpayers of the United States, paid for Feisal Abdul Rauf to travel. Now there seems to be some serious trouble evolving there.
http://www.forbes.com/2010/08/06/imam-feisal-grou...
"We should be bringing ten nuclear plants per year online right now"
It takes about 10 years from start to finish to bring a nuclear plant online.
The first five years are for planning and permitting followed by five years of construction. There are some shortcuts, such as if a reactor was already planned as an expansion at an existing facility, but that cuts off only a couple of years from the timeline.
Leftists and environmentalists have opposed nuclear power here in the US for so long that it's hard to jumpstart the process.
These policies have been tried before, in the United States as well as other countries AND THEY HAVE FAILED EVERY TIME!. This is just buying us some time. Here's a great link that speaks to why our government is destroying the dollar: http://news.goldseek.com/GoldSeek/1296143763.php
The bottom line here is the Fed and obama know the end game to this and it has us in utter turmoil.
Fortunately I can make it with or without a societal infrastructure.
Ask a random teenager sometime how to grow vegetables or where hamburger comes from, the answers they give will absolutely floor you.
Most kids today never had the full "outdoor school" experience like you or I did and even less of them understand enough about identifying edible plants to survive more than a few hours in the wild.
Those that cannot do for themselves will be the ones holding the guns over the heads of those that can, for them individual survival requires a "collective" government solution, they know nothing else.
Those that are seeking to destroy all of our liberties are counting on the weak minded youth to do their bidding and their dirty work.
My hubby and I lost our real estate business in 08. RE will never come back.
The people who scare me the most, are the lazy good for nothings who have lived on the Dole who will be invading my home looking for food. No wonder gun sales were through the roof in 09. I haven't checked what they were for 2010.
The real lesson here is that all of the momentum behind cutting spending, while necessary and good, will not solve the systemic problem: the philosophy of government interventionism.
– The fractional reserve banking system is institutionalized fraud.
– "Too Big To Fail" is theft and cronyism
– Manipulation of the money supply is taxation/redistribution of wealth (not wealth creation.)
– Regulations that violate private property rights inhibit social welfare, not increase it.
– Subsidies are cronyism and reduce overall welfare.
We must change the structures that give rise to these policies and to do that we need a solid foundation for individual liberty. Some would say the Constitution is enough, but I disagree because that document, while important in the history of political ideas, was imperfect and subsequently corrupted through more fundamental ideological shifts in American political thought. We need to finish what Ayn Rand started and transform what is rapidly becoming a collectivist ethos back to an individualistic ethos.
Ha, even the farmer is being attacked. Washington state, one of the larger wheat producers, is going to be forced to put a 500 foot wide strip of no farming on both sides of a water source even though testing has shown no chemical spills into those water sources. What a start.
I had always heard that America was the world's bread basket. However, with the grains being fed into ethanol at $00.54/gal subsidy rather than food stuffs, it looks like ethanol production is more important than food.
BTW, with the flooding throughout the world and world harvests expected to be down along with the current dockworkers strike in Argentina, look for even higher prices across the board and food riots in China, NK, and the middle east this summer.
Up 60%.
I would not want to be anywhere near a city in the future. I would rather use my ammo for game than defense. Although, once shlt hits the fan, the zombies will head to the hills and target those who have prepared.
"Those that are seeking to destroy all of our liberties are counting on the weak minded youth to do their bidding and their dirty work"
And then discarded like a used kleenex. They have no phucking idea what they have, and are doing to themselves. None.
My state of VA is looking into printing it's own currency. A sign of the times. So far, my state is solvent and running on a surplus.
Disposable useful idiots, just like 1917.
They will be the ones turning Patriots in!
Rick, see my OFF TOPIC comment on page two of the Friday Free For All, related to the recent
meeting in Davos Switzerland, and the goals set by many of our unpatriotic companies to affect
world-wide food availability. Quite disconcerting!
.
…following over a year of growth in the economy at a robust rate of over 3%
Where is that? Certainly not in the US. You KNOW you are talking to some "finance" person when you hear something like THAT uttered in these times. Maybe 3% inflation. LOL! I guess that is "growth."
Only Muslims and Commies are allowed to open Nuke Plants. Donchya know.
Saddens me. I always wanted to hold my grandchildren one day.
I guess, we will find out if we really mean what Patrick Henry said……
Give me Liberty, or give me death!
Just like little George Soros did in WW 2…
Free crap in a time of despair is indeed a very addictive drug and most kids today would rat out their own mother to get it under the right conditions.
Tribalism will result from these policies. In fact it already has. What percentage of black Americans
would vote for o again today, compared to the percentage of the overall population?
If that ain't tribalism, WHAT THE HELL IS???
; )
.
Here is the link.
http://lis.virginia.gov/cgi-bin/legp604.exe?111+f...
HOUSE JOINT RESOLUTION NO. 557
Offered January 12, 2011
Prefiled January 5, 2011
Establishing a joint subcommittee to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System. Report.
———-
Patron– Marshall, R.G.
———-
Referred to Committee on Rules
Try living in CA. Although the state doesn't give me a warm fuzzy, where we have the property does.
I need to buy some canning equipment, it's the last thing on my list. Any ideas on which stores are the best?
"Ha, even the farmer is being attacked."
The EPA has had US Ag in their crosshairs for years… (oops was that uncivil?)
The US farmer has been operating under rampant inflation since the end of 2008. We do not
expect improvement at all now that grain prices are soaring. OUR profit margins will shrink to
near nil, just as they were in 2009.
.
My condolences on CA LOL. I'm a novice at gardening. This will be my first. My mom had huge garden on her hobby farm in WI and I will be deferring to her knowledge. She also grew organic chickens and turkies. I'm going to tell my county to kiss off and put up a chicken coop this summer LOL!! All my neighbors won't complain when they are starving and need eggs!!
Are you buying Non GMO seeds?
OCP, the food shortage has started. In the US food costs up 16%. China, Australia, Pakistan, Brazil, etc hit with damaging flooding. Middle east has rising food costs now. Yep, it's already here.
There's going to be a critical world wide food shortage, and hungry people are mean people. BTW, with the cold winter in Europe, their food stocks may be heavily affected. Yet, gore and his disciples continue with the song and dance preaching global warming. Whoop, my bad. Guess the acceptable PC words are now "climate change".
Christians will be the first ones rounded up. Those of us who believe in God and the Founding of this Country are too dangerous to be around.
You nailed it with the article — every pundit on TV is ignoring what everybody else knows: The FED policy is causing global strife and instability. Davos elites put out an 85 page report last week that calls for a world currency and banking enforcer, which means a world government — which is what the central bankers and elites really want. This would be an unelected global central baker government — same thing as the FED only way bigger.
The instability being unleashed is going to cause global resentment against using the dollar as a reserve currency and will accelerate the IMF (a UN entity) with their new "Bancor" currency (already waiting in the wings) to replace the dollar. The FED acts like they are on a one way trip with their endless monetization and this is their real goal.
China has had to take extraordinary measures to contain inflation, so has Brazil. The inflation is just beginning to pick up in the USA and will have similar effects. Oil prices will go up. More instability. Less economic development and growth will mean more unemployment here and higher deficits and will = more money printing.
Meanwhile the stealth central bank bailouts on Wall Street have not stopped. The FED monetization is done in a way that produces guaranteed billions for Goldman Sachs, JP Morgan and the other "Primary Brokers" that buy treasuries and flip them to the FED — when the FED could just buy them directly at a cheaper price. The difference is being paid by taxpayers to Goldman Sachs, etc. and by agreement, the money is ending up on the DOW and S&P falsely driving the market up giving a false "wealth effect". But corporate insider selling has been as high as 8000:1. There is also overt manipulation of markets on the Comex, and the "Fraud closure" cases are going through the courts.
Wall Street and the FED have become ongoing crime scenes and all the markets are rigged. There is no price discovery. It's all a hologram. Gird your loins!
.
End Times…
Really.
Yep.
Love your avi BTW. Sad that we have butchered millions of babies since 1973, the year after I was born. My mom got pregnant with me out of wedlock and did the right thing and married my dad. I'm glad she had me!
God will never again bless this country while we continue to allow infanticide.
I already have about 7 years worth of seeds, then I can propagate my own. Fortunately, I took a lot of botany in college, have had many gardens and can grow rocks if need be.
Canning is what I need to focus on, need to store what we grow. I've made great friends with my neighbors up there who have chickens and are of like mind. Defense of what we already have is my biggest concern. God help us all.
Yep, you are so right. The FED and the banks are looting the country while the media keeps everybody focused on the Dem vs Repub bickering.
It's like people in tuxedos looting the silverware on the Titanic because they know they already have a lifeboat spot reserved.
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Communists and marxists are rioting in Europe, while it's going to be Muslim Brotherhood driven in the ME. Obama loves both those groups.
It's going to be the commies causing riots here when they get a chance. This will be their moment to push for a marxist revolution.
OCP, we need to get some Constitutional lawyers and the congress to challenge some of those "executive orders". I do believe that many will be found to be unconstitutional and rather fascist in design, IMHO. According to the founding fathers we have three branches of government. Each one to act as both a check and balance on the other. The states also need to get up and start screaming about their States Rights under the Constitution also.
Congress needs to get its posterior in gear and reassert its rightful powers also regarding laws and regulation by non elected officials.
Good luck Petro!
I've done the same. Bought land with a well, made a Costco run, stocked up food and ammo. It'll be a good rental property or quiet place to live if a miracle happens and all ends well.
Preparing for the worst, hoping for the best. Many I know are doing the same. Those who rely on the government are making a mistake. Government is willfully causing the problems.
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We have purchased a free standing wood stove for our living room and will be installing that soon. Also, we'll be ordering wood too. We can boil water for cooking and keep us warm during the winter months.
We took down 20 trees in our back yard and had a truckload of black dirt brought in. We also have a 6 ft privacy fence around our back yard which butts up against a Cul De Sac. We are pretty private although a little close to a major city.
My mom did a lot of canning and I'm going to have her help me.
Rick, anyone who is awake should have noticed months ago their local WM gro section
widened their aisles by ten percent, or more, eliminated many, many items that offered
choices between like products.
Look at the sections of each item, each were taken down in size by at least thirty-three
percent… many items by fifty percent. Anyone who is not hoarding foodstuffs at this time
is asleep. In fact I cleaned and rearranged my pantry yesterday, made my list to restock
the items we used up over Thanksgiving and Christmas.
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You are right about the tool statement. Tax Cheat Timmy too. I am so tired of the constant wreckage of our economy from the chosen one and his minions. I am so ready for Ron Paul to audit the Federal Reserve. When they can make $3 trillion worth of loans without congressional approval, there is a Big F***g Problem!
TY.
I hate George Soros with every ounce of my being. He is the devil's minion.
Good luck to you my friend.
I was going to write about how the media is being complicit in the smoke screen… thanks for the edit.
The State of TEXAS is doing just that, challenging the EPA's authority to regulate greenhouse
emissions in OUR state. We will no doubt soon challenge the permit moratoriums on oil and
gas drilling in the Gulf of Mexico.
The TEXAS economy is roaring, Gregg Abbot our Tx Atty Gen is roaring, now tell me, will the other
49 states back us up? We could use some support in this fight, and IMO, if we don't get it the next
option will be secession.
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My property backs up to Natl. Forest…no homes. I have enough timber on the property alone to last a lifetime in firewood. I am purchasing a wood burning stove, one you cook on. We have solar and can go completely off the grid and not rely on propane if need be.
I put a game camera up on the ridge behind the property, ample deer, bear, bobcat, coyote, fox and rabbits. We are putting in a 6000 gallon holding tank hooked up to a well with a solar powered pump to keep it full.
Going to go pick up a book on canning and get those supplies today. Un-freaking-believable we even have to have this conversation. I hold the Liberals responsible for this, they elected this prick.
The EPA is doing that in accordance to BO's wishes. Look around. Every state that didn't vote for the brat is being attacked one way or another by the DOJ or BO's henchmen within the various govt agencies. Interesting, yes?
With a yearly population growth of 3% an annual growth rate of 3% for the economy means stagnation. Anything over 3% is positive growth anything under 3% is negative growth in proportion to population growth. We will never be able to trust government numbers again, they have lied so much now.
Be sure to stock up on canned goods and dried or freeze dried foodstuffs. Also keep the powder dry and plenty of it on hand for the MIB.
Yes, I saw that and there are 10 other states are doing the same thing.
It's important there be a system ready to replace the failed USD monetary system and the private Federal Reserve system. They are thieves who suck. Virginia is forward thinking.
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I sadly have to agree with both of your comments. The "ME" generation sits back and wonders why there are not enough workers to pay for their social security? The answer is obvious.
Crap. I did a reply and the admin deleted it. This has been going on for weeks and is frustrating.
Let me hit submit and see if this shows.
Go back to bed with your goat. I'm sure it misses you.
But at least we shut down shale oil production and Gulf Oil production because a stable supply of energy is not a priority of national security, at least according to the regressives.
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