Potential Problems

[DavidR310]

http://johngaltfla.com/wordpress/201...ate-and-event/http://johngaltfla.com/wordpress/201...ate-and-event/

The September Calendar of Potential Doom & Disaster by Date and Event (Updated)

By
John GaltEXCERPT....

September 12 - U.S. will exceed the current extension of the debt ceiling without action by the administration or Congress, based on current Treasury projections. (UPDATED 9/8 1900-Geithner was able to postpone this until Monday September 12) 9/9 05:35 ET-AVERTED for now: The Senate did not block the $500 billion dollar increase the Obama administration implemented overnight and our national debt ceiling was increased to over $15.1 trillion or an astonishing 101% of U.S. GDP.

September 17 - U.S. Days of Rage protests across America at financial institutions, Washington, D.C., state capitols, and on Wall Street in New York City by extreme leftists.

September 20 - Palestinian Authority will ask the United Nations for recognition of statehood and the enforcement of imposing the 1967 borders on Israel.

[DavidR310]

How Much Cash Would You Need After a Terrorist Attack?

How Much Cash Would You Need After a Terrorist Attack?


By Ron Dicker Posted 6:00AM 09/10/11

The 10th anniversary of the 9/11 attacks on Sunday should remind us how important it is to be prepared for the worst -- and part of that preparation requires having money readily available.

Not in your bank. Not tied up in stocks. And not in the uncashed birthday check from Grandma Gertie.

In any major emergency, you'll need cash on hand to pay for the necessities -- food, water and anything else to to stay safe until the chaos subsides.

Our expert told DailyFinance that 30 days' worth of folding money is the minimum to have at home in case of the unthinkable. "In the end, it's cold hard cash that will get you through," said Robert Siciliano, a security consultant for McAfee (MFE). "You want to have enough cash reserves to get through at least a month. That's not paying bills. Your concern is sustainability."

One calendar page means at least a few thousand dollars that you can access immediately. Remember, Siciliano advised, in the event of a catastrophe in which the power goes out, ATMs will be down, banks will be closed, credit cards will be useless, and price-gouging at stores and at gas pumps will be rampant. You'll need a surplus to deal with it.


A dirty bomb or nuclear tragedy could put you even further away from your money for a longer period of time, he said. In such a situation, there will be no substitute for physical currency.

Nor would it necessarily take an apocalypse to stir panic, Siciliano said. Hurricane Irene blacked out more than 4 million homes and businesses, including communities on the fringes of the storm.

Siciliano offered these tips for keeping a reserve in case disaster strikes:

Get a safe. Walmart sells a fireproof, water-sealed First Alert safe for $338. Siciliano endorses the Sentry line of safes. One costs $209.99 at Sears....continued...

[Lone_Gunman]

Welllllll it's now Sept. 16th and the first prediction has yet to happen. Don't get me wrong, it's wise to be prepared, but don't believe every doomsday prediction.

[DavidR310]

Simple Numbers

Only Precious Metals Can Prepare You For The Banking Crisis

July 21, 2010

S&P 500 1094.86
Dow 10348.11
NASDAQ 2244.32
Gold 1193.33
Silver 18.22


Mid-day September 6, 2011

S&P 500 1,148.17
Dow 10,967.35
NASDAQ 2,427.85
Gold 1,907.60
Silver 42.62

[DavidR310]

Welllllll it's now Sept. 16th and the first prediction has yet to happen. Don't get me wrong, it's wise to be prepared, but don't believe every doomsday prediction.

I wish it didn't happen.

Google it.

Senate approves 500 billion increase in borrowing authority

From the Wall Street Journal,

" The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February.

The action came under an unusual legislative procedure spelled out under the August agreement to raise the U.S. debt ceiling and avoid a U.S. credit default. In a 52-45 vote, the Senate blocked an attempt by Republicans to slow down the process that will result in the $500 billion debt-ceiling increase.

[DavidR310]

LAST ONE 4 TONITE- Sorry for the negative news...but I would rather be aware of what

....is coming.

http://news.goldseek.com/GoldenJackass/1314815596.php

[EXCERPT ] * Ignore the sales pitches and pick up the news...


-- Posted Wednesday, 31 August 2011

The Jackson Hole Conference...Chairman Bernanke admitted on stage before his peers, in full admiration of his failure and lost leadership, that the USFed has no more tools at its disposal, and that the USEconomy must recover on its own. For the first time he mentioned tools at his disposal without delineation what they were.

The European banks have a colossal problem as an extension of the rate differential Trichet brought about with the official rate hikes this year. The European inter-bank lending is in the process of seizure, as in the money market funds.
My theory is that the USFed is waiting for Europe to announce and come to a more firm agreement on bailouts of the expanding sovereign debt crisis. The EUR 850 billion pledge to the European Financial Stability Fund hit the rocks quickly, as German bankers pulled their support. The Europeans must contend with contagion, as the sovereign bond toxicity has moved across the borders into Italy and France.

The USFed is waiting for the Euro Central Bank to take action. The key is the EuroCB debasing its Euro currency in the next move, which will give the USFed permission to debase its USDollar currency in its next move. They require coordination. Japan and Switzerland are doing their part in monetary debasement, having learned much from the Americans. The inescapable truth is that in the larger context it does not matter since both the Euro and USDollar are doomed. When Greece or Italy or Spain defaults on sovereign debt, or France is bailed out on sovereign debt, all of which are inevitable, the landscape will see 20 Lehman-type bank failures, perhaps some in London and New York. The strategy is clear. The central banker rats are cornered. The USFed is tangled in a US$ straitjacket. It cannot continue on its QE2 or advance into QE3 without a dance partner in Europe capable of stepping in the quicksand at a matching pace.

[Ripon83]

I don't know, but it strikes me the more problems in the Euro the stronger our dollar is as an alternative. A web site I follow, blog really, posted today that China was dumping it's dollars and I asked for proof and they gave none.....hyperbole.

Another book seller / gold seller claims the Fed increased the money supply 300% over a short period of time ( 3 or 5 years ), but again I ask where is that data, and will it be inflationary considering the US market for housing alone is deflated $16.4 trillion?

I worry about the economy less then most as I have little debt, paid for properties, decent bullion investments ( real and ETF). The only thing I want a heads up on is the need to bail / bug out or not, and I can't see that happening over night.

[freonr22]

so, politely as my vernacular is not eloquent, how was today different than yesterday?

[sw99]

Does FMJ count as "precious metal"?

[DavidR310]

Does FMJ count as "precious metal"?

HAHA! It sure does...I actually do believe the value of guns and ammo will maintain its buying power much like gold and silver. On a side note, so will alcohol like beer, wine and liquor.

[Librarian]

Let us keep all these in the same thread.

[HK4113]

How Much Cash Would You Need After a Terrorist Attack?

I say a grand cash in smaller bills no bigger than $20's.

[scarville]

I say a grand cash in smaller bills no bigger than $20's.

Don't forget coins.

[Sunday]

I would add that no matter what happens it is most important to stock up on things you need and use in daily life ,don't live out of the store day by day. If something bad happens the stores may not be able to satisfy your needs.

[HK4113]

Don't forget coins.

Coins are good too, but can get heavy depending on how much you have. Also I wouldn't carry any expensive coins such as 1oz gold, because more than likely you will be buying something worth 100 or less and there is no real way to split up a coin worth 1800 bucks into smaller ammounts.