On September 17, while the financial world was still reeling from the collapse of several Wall Street institutions, a next day air envelope arrived at my house. I probably should have opened it and read its contents before this weekend, because it has a direct bearing on the present crisis.
Inside I found a copy of I.O.U.S.A., the companion book to the movie which was released in theaters last month, along with a one night town hall meeting with several financial luminaries that was simulcast to some 400 theaters around the country. I watched the movie and town hall meeting and commented on them earlier; I won’t repeat much of what I said about them.
I.O.U.S.A. opens like this:
On January 28, 2008, the forty-third president of the United States, George W. Bush, gave the final State of the Union address of his presidency. During the speech, he was interrupted 72 times by applause. Curiously, the president only broached the nation’s deficit once, briefly, and then only to reassert the administration’s pie-in-the-sky projection that it will be reduced to zero by 2012.
We’ve all heard the real economic news by now, or worse, experienced it. You’ve gone to the bank to find it closed, or you’ve gotten laid off, or you’re just feeling the pinch in your wallet as money grows ever tighter. You need to understand how and why it happened if you’re going to get yourself out of this economic mess, because surely you’ve figured out by now that your so-called leaders in Washington aren’t going to do it; they seem hell-bent on making things even worse for you.
The book, an advance copy graciously sent to me by its publisher Wiley & Sons, is divided into two parts. Part one is a scant 94 pages which you could read in 94 minutes if your jaw weren’t constantly dropping to the floor at the eye-popping numbers and graphs illustrating the United States’ fiscal recklessness, many of which were also presented in the movie. The book covers the same four deficits as were illustrated in the movie: the budget deficit, the savings deficit, the trade deficit and the leadership deficit. I won’t repeat those here, either.
Weaved in with the shocking statistics about the $9 trillion plus national debt and the $53 trillion plus in unfunded obligations coming in future years,I.O.U.S.A. also acts as economic primer and tells the story of how the documentary came about. Inspired by the 2005 book Empire of Debt, former comptroller general David Walker, who actually quit his job as the nation’s top accountant to help bring the documentary to fruition, came together withEmpire of Debt authors Bill Bonner and Addison Wiggin and the filmmakers who would eventually thinkI.O.U.S.A. the most challenging project they had ever undertaken.
Indeed, how do you make an economic cold shower interesting when the economy isn’t obviously falling apart, as it wasn’t a mere month ago? Today, with the recent economic turmoil expected not only to continue but to worsen, I’d expect interest in both the book and the movie, which is currently in limited theatrical release, to be much higher. The movie did very well at making an inherently “unsexy” topic interesting, and the book will do for those who can’t find the movie playing near them.
Like many other Wiley books, this part is also peppered with quotations and notes in the margins which explain various different economic concepts. Not to mention the occasional sidebar, such as “Ron Paul’s Historic Love Affair with Alan Greenspan” which explains that they “have had a long and tumultuous relationship.” Of course, Rep. Ron Paul (R-Texas) is well known for skewering the Federal Reserve chairman, whoever he happens to be, in Congressional hearings.
As usual, I won’t share much of the content of the book with you, though I will say that there’s a lot of detail crammed into those 94 pages that simply could not be covered in the 85 minutes of video that comprised I.O.U.S.A.: The Movie.
The other reason to buy this book is part two, the other 164 pages: Interview transcripts with twelve “economic luminaries.”
Those interviewed include Alice Rivlin, who helped balance the budget during the Clinton administration; Wiliam Bonner, who founded Agora, Inc., and wroteEmpire of Debt which inspired the I.O.U.S.A. project; former Treasury secretaries Robert Rubin and Paul O’Neill; former Commerce secretary Peter G. Peterson, who co-founded the Concord Coalition and the foundation which bears his name; former Federal Reserve chairmen Paul Volcker and Alan Greenspan; former presidential candidate Ron Paul, staunch opponent of the Federal Reserve system; (and those 14 pages are worth the price alone) world’s richest man and Pollyanna Warren Buffett; James Areddy, China correspondent for theWall Street Journal; economist Arthur Laffer; and last but hardly least, Steve Forbes.
You should not be surprised that the so-called experts disagree with each other, though you’ll learn much and gain a lot of insight from reading what they had to say. Their fundamental difference is in the school of thought. There are two main schools of thought in economics: Austrian economics and Keynesian economics. Which is right? Austrian economics predicted the current economic crisis. Keynesian economics said everything was fine, still is fine, and is getting better. Your wallet will tell you which one is right, and which one you should learn — fast — before there’s nothing left of your wallet.
Meanwhile, the national debt is a problem which can be ignored no longer.I.O.U.S.A. lays out the problem in frightening detail. Without solving the problem, economic collapse the likes of which America has never seen will be the result. Incidentally this is why there must be no bailout: we cannot afford even one more cent added to the national debt, let alone another trillion dollars.I.O.U.S.A. explains why.
By the time you read this,I.O.U.S.A. should be in your local bookstore. Or you can pick up a copy from Amazon. In addition, attend the Concord Coalition’s Fiscal Wake-Up Tour when it comes to a city near you and see David Walker explain the economic crisis in person.
(2 votes, average: 5.00 out of 5)
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Ultimately, the war supporters in Congress prevailed in the vote on the resolution. Still, the vote was significant because it places every member of Congress on the record as supporting or not supporting the unconstitutional, costly, violent occupation of a country that never attacked us. This vote should serve as an important reminder to the American people of where their representatives really stand when it comes to policing the world, empire building, and war.
Gardner Goldsmith explains why claims by politicians that consumers can become "irrational" and why claims by the same politicians that government can help "fix" markets are both false and misleading. He also explains what the terms Praxeology and Epistemology mean, which is key in understanding how to place free markets in their proper place among human history.
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The Dow
Sep 30, 2008
The Dow went up over 400 points but, was down over 700 points recently. What is the solution?? People who have it should spend some and pay the people who work for them. They can’t take it with them when they go. They need to enjoy life before it is too late.
Bob
Sep 30, 2008
Dread. I think that is the best word to describe how I feel right now. I’m not panic scared, just filled with a feeling of dread.
No point in reading a book that tells us what we already know. The details don’t matter now.
Don't worry
Oct 01, 2008
Take action!! Spend what you can and try not to use that credit card so much. Credit is not real cash that is what is messing things up!! That and the fact wages have not kept up with inflation. Hope for the best. I don’t want to live in one of those tent cities that are becoming a norm. Good luck to all.
GlenGary
Oct 04, 2008
The United States obviously could save a hairy fortune by cutting useless military bases in about 63 countries and using that money to rebuild it’s crumbling infrastructure and capitalize new energy markets within the states which would promote job growth and create new export opportunities.
This would recapitalize Main St and begin to pay down our debts and reduce deficits. It would make America stronger.
Here is the important question of the century… WHY has America stopped acting in her own best interests over the last 20 years?
Why are we voluntarily destroying our jobs-industrial income base and militarizing our expenditures at the direct peril of our economy and citizens?
The answer is… America no longer controls what goes on within her own borders or within her own government or within her own finances and therefore does the bidding of outsiders.(Zionists?)
For a person, let alone an entire nation to stop acting in it’s own best interests is wholly un-natural and defies even simple logic. So we must assume other outside powerful interests have totally subjugated our interests and therefore the will of the people.
We must now assume the Great Republic is now dead or nearly so.
Bob
Oct 04, 2008
I’ve got to tiptoe here, I don’t want you to leave again Big Guy. How’s things at the hideout?
What you’re asking is something that has driven me crazy since I first started thinking about it many moons ago.
“Why do we voluntarily destroy our(insert appropriate noun here) at direct peril to ourselves?”
I see our governments as a reflection of the people who make them up. Governments act this way because people act this way. That part is logical, and has steered my thinking away from the idea of some evil conspiracy being behind it all.
But why do we act that way?
I do it myself. I have a body that heals itself, which if properly cared for would last a long time and operate pain free, but I constantly abuse it and take risks with it. I suffer because of it. I make bad decisions sometimes, knowing full well that the outcome won’t be good in the long run but I do it anyway.
It’s like that “Lord of the Flies” book. We have it good and we wreck it. We do it over and over again and then to top it off, we always look for someone else to blame it on.
If you can explain that to me in a way that makes sense Glen, I’ll never argue with you again.
Bob
Oct 04, 2008
You can’t just name a faceless scapegoat with an illogical motive and be done with it because that doesn’t hold up.
If a person is left completely alone for a long enough period of time, without any outside influences, they eventually start to contemplate suicide. That’s what I’m talking about. That attitude comes out in everything we do.
Why?
GlenGary
Oct 04, 2008
Humans are social and in being social react off of each other and form group mentalities that are more often than not hedonistic and that leads to even more pleasure seeking and each… I’m going to stop… hit it from another angle.
I’m a loner that likes being pretty much alone. I’m not into comrades or pals or groups or teams or anything like that. I don’t ask for help and I can do without meddling and I do not need a boss nor do I crave a pat on the back or an applaud. I am a fully functioning unit that needs no completion. But guys like me are rare. If I was born in 1800 I’d be a mountain man. Solitary.
I do not hate humans but am suspicious of motives so I keep to myself. Do my own thing. Create what I want. My mindset is I guess Winter Soldier. I realize the need for a just government and just laws and that I will support– nothing else.
I am 100% grateful for my blessings and in that I do not crave tons of consumer junk or the nicest car or the best of the crop. I’m happy where I am today. This is answering the question Bob.
Man destroys himself because enough is never enough in anything and man cannot just be grateful for today and what is today.
Nope, he wants more more more and he oversteps and steals and kills to satisfy that need of more more more. And in the end, he destroys himself with his greeds and lusts because he cannot find within himself that place of contentment that puts out the fires of MORE.
Answer IS
Oct 05, 2008
Humans are social and in being social react off of each other and form group mentalities that are more often than not hedonistic and that leads to even more pleasure seeking and each… I’m going to stop… hit it from another angle.
I’m a loner that likes being pretty much alone. I’m not into comrades or pals or groups or teams or anything like that. I don’t ask for help and I can do without meddling and I do not need a boss nor do I crave a pat on the back or an applaud. I am a fully functioning unit that needs no completion. But guys like me are rare. If I was born in 1800 I’d be a mountain man. Solitary.
I do not hate humans but am suspicious of motives so I keep to myself. Do my own thing. Create what I want. My mindset is I guess Winter Soldier. I realize the need for a just government and just laws and that I will support– nothing else.
I am 100% grateful for my blessings and in that I do not crave tons of consumer junk or the nicest car or the best of the crop. I’m happy where I am today. This is answering the question Bob.
Man destroys himself because enough is never enough in anything and man cannot just be grateful for today and what is today.
Nope, he wants more more more and he oversteps and steals and kills to satisfy that need of more more more. And in the end, he destroys himself with his greeds and lusts because he cannot find within himself that place of contentment that puts out the fires of MORE.
TimberWolf3
Oct 05, 2008
Bob
This is GlenGary’s name on Marketwatch.com
TimberWolf3
Tried to answer question as GlenGary and it wouldn’t publish.
Get it moving again.
Oct 05, 2008
People need more education, more money to shop with and it will bring us all back into those good old days. If they have the funds they will spend them to buy houses, food, clothes and everything else. The way they do it is by providing a decent education, getting a good job and stimulating the economy. The future is up to us. We need to stop making police states that push more people down and lower thier spending power. We need people to move up to spend because, the future of all of us depends on the people. Some people are considering Barr for president to help the economy. Any ideas what people think of him? We need to save ourselves before we all end up in tent city with beer bottles in our mouth. That is not the solution. Power to the people and less government is!!!
GlenGary
Oct 05, 2008
When we gave up our industrial base and therefore exports of things we made we gave up our balance of trade…our income. We sell the world not much and therefore have no new money coming in.
The hot shots in Washington replaced income with loans and now we are saddled with trillions in consumer debt that must be paid down before we can consume again. But, the loss of jobs from this prevents a smooth pay down and actually takes us to default.
We are inches away from systemic bankruptcy and if we print dollars to loan out our country is over with. Our country is over with anyway since the Bailout is adding gasoline to the fire.
The elimination of any country’s industrial base is Job One in warfare since it kills resources and income. So in essence we blew our own country to smithereens by eliminating it’s bread and butter. Why? I haven’t a clue except it made a few folks filthy rich to do that.
Now we will pay that awful price for our folly.
Bob
Oct 06, 2008
Winter Soldier. I like that. I’m pretty much the same kind of guy, Glen but I have a few good friends that I’ve known since I was a kid and a few I’ve worked with. I like to bounce ideas off of people. The feedback either makes the ideas better or shows them up as dumb, long before I can take them too far. That’s useful, and I appreciate people for that.
You describe it all perfectly in regards to what has happened and what is happening. I still can’t understand how supposedly intelligent, educated people in leadership positions can look at mountains of historical bad decisions complete with consequences and STILL, lack the character and self dicipline to do what is needed in order to prevent their own destruction. It’s just not logical or natural.
It doesn’t make sense and it frustrates me. So much of our discontent is unnecessary. Even the people who get rich suffer in the end. I guess they all think that this time will be different. Crazy.
Anyway, tell us all about your newest mantrap or secret storage space. I wonder how Duane made out with his pantry.
Probably has his gold bars rubbed thin by now.
Nick
Oct 06, 2008
it’s very interesting but where i can download this film… Time is time, time for transforms u in “banana” rupublic… pseudo-impaire will be broken as soon possible…
GlenGary
Oct 06, 2008
I’m pretty much in a waiting mode Bob. This thing is leaving me in better shape everyday as deflation is starting to work to my advantage as inflation has taken a fine grip on my investments really not hurting me at all being I bought at dead bottom.
A few nips here, a few tucks there and the glide path is in good shape. The stores as well are where I never envisioned I could get them… we are crashing later than I thought.
The hard part is the waiting and even the Government knows just how screwed we are as they brought back a Brigade from Iraq to Ft Stewart Ga to train in civilian control for specific use in America. They feel the dread too.
Just keep the head low, protect you and yours and don’t make waves as this is going to get ugly and when who knows?
How are you bearing up?
Smart guys
Oct 06, 2008
You all know what is going on. Another thing I found out is banks and reality companies have thier own cop stealing organized crime groups. They go around creating problems to cause people to foreclose to get houses cheap to sell on the market to make a profit. Banks profit from credit card scams to people with imperfect credit. Where do we draw the line in this insane assylum the white house and Wallstreet have become? We have to play by the rules so, should they!!! All they have to do is scream for help and they get us. We are all just left to die in the ditch. What is the solution for the haves and the have nots??
Bob
Oct 06, 2008
I could be in better shape. I had been expecting this for so long….over twenty years…and it never happened. The waiting and watching was literally making me a nutcase. I could have been a better husband and father during that time but nothing I can do about that now. Not the first kids to grow up with a miserable old man.
A few years ago I guess I had a moment of doubt in myself and borrowed money to buy a house. Try to make the little woman happy for a change. Bank repo, couldn’t resist but now that little bit of debt is a pain in the butt. But it doesn’t matter, I’ll find some place to live. Got food, stuff, tools, weapons, equipment, gold and silver….just might not have a place to keep it. Ha! Poor me.
I’ve always got a backup plan. It could be a lot worse. I’m set up like a king compared to most people.
But I tell you Glen, I’m having a hard time now believing that this is really it. If they manage to prop this back up again for a few more years like they’ve done four or five times in the past, I’m going to snap. You know what I mean? Let’s just get it over with already.
I can’t see that there are any more ways left to get a heartbeat out of this system but……if I call a Red Alert and power up the forward shields one more time without an economic collapse decloaking off the port side, Picard is going to have me off this ship.
GlenGary
Oct 07, 2008
This is the end game going on here as it has wiped out a few more trillion in the last few trading sessions and I see no end to it.
The EU countries are in terrible shape and Belgium and Iceland in particular are toasted while Russia and others have been opening and closing their markets several times a day as sellers are swamping the system looking for any exit.
Gross overload of selling pressures. Folks want out and the loss in values has wiped clean 10 years of gains and that will be just the appetizer because no one on earth knows how to stop this. It needs to purge itself and it will.
This of course will wipe out 10’s of millions of jobs worldwide as we see demand destruction kill them while we see deflation in non-essential goods and stocks of those and gross inflation in food and needs as all this money coming out of equities will find a home in commodities.
In 1932 a $20 bill was an ounce of gold. By 1971 $35 was an ounce of gold. Now there are 95,000 American Dollars for every ounce of gold out there and when those dollars start safe haven chasing the metal it will go Ballistic.
BTW-I ordered more silver Sept 16, tonight I finally got my Fedx ship notice. There is no doubt a shortage since for 10 years it took three days every single time I bought. Oh yea, in August it took 21 days…. Market tight in supplies of bars.
I pity anyone who is just now “thinking” of preparing. The food stores companies are quoting supplies at 4 to 6 months out. They are swamped.
Yea, Boy Bob! This is it.
Bob
Oct 07, 2008
I’m gone to camp again. Be back Friday maybe. Should be lots to talk about by then.
Full power to the forward shields!!!!!!
RED ALERT!!!
I read about it.
Oct 07, 2008
Be prepared everyone more banks will fail this year and next. I read all about it. We have to be prepared for a possible Great Depression again. We have to know what to buy, what to eat and what to do to watch our expenses. No one belongs in tent city. Have fun at camp and enjoy every day. If we worry too much we will get and ulcer. I lost someone important already. Never die young.
Dirty pigs out.
Oct 09, 2008
Now they are making people so upset they are making them drop thier groceries. They are stealing more stuff, making people feel worse than before and they are the cause of the bad economy. If we were free to go to college and be educated with out police state crap where they steal your books and play games with your loans, work study and ect. We would not be in this mess. They need to make thier relatives get real jobs. They have them harassing people to get them to commit a crime and it is way out of control. Pigs zero People 100 Pigs need to be supervised. This is bull shit. Have a great weekend and protect yourselves. Hopefully it will be pig cop free!!
Bob
Oct 10, 2008
Pig cop free. Somebody has an attitude problem.
Bob is back alive, beered up, showered up and ready to comment on the world’s problems. So what are they today besides the obvious financial chaos in the streets?
Gee, it looks awful.
GlenGary
Oct 11, 2008
Welcome Back Bob,
A blood bath a day keeps the wealth away in good old IOUSA!
Well, we saw it coming and we laid in our stores, grabbed some silver and gold, hoarded some ammo to use on the zombies that will no doubt be foraging for food and to that end I guess laid in a little cash in case of a bank holiday. That pretty much cover it?
I don’t feel anything but totally shaky about the markets even though I don’t own one ounce of stock since I have no idea if they’d be worth anything in a currency collapse. New territory. Why risk it.
The mood of the country has certainly changed as many more folks are waking up to the sheer amount of fraud in the systems and the totalitarian stance or grip the Feds have on the country and Bob they don’t like it one little bit.
I note it is getting harder even at Walmart to get ammo as it disappears from the shelves almost as soon as it comes in even though the prices are up about 30% since July in the calibers I buy. I show up on the evenings the trucks come in that restock that item because at any other time it is simply empty shelf for 40 cal 9mm and 38. Reloads in this area near impossible to find.
So where is all the ammo going?:) And why?:) Hummm….
As for Long Term Food Stores, the dehydrated and freeze dried canneries tell you straight up that delivery is three months minimum to four months for food supplies and those prices are up average 70%-80%. Glad I stocked up early because like gold and silver, you can buy it, but it won’t show up for a very long time. Demand is through the roof! Folks are scared!
I ordered Silver Sept 16 and it arrived TODAY by FedX. Low dealer and refinery supplies and silver costs $4 to $5 more than spot for orders under 50oz and gold on Ebay is $200 over spot average per ounce and again I’m glad I bought at market lows most of my stuff.
We here, you me, Dwayne, Susan were ahead of that curve by a country mile.
Right now I’m cutting newer dead trees out of the woods into 9′ sections, trucking home, cutting into 16″ pieces and in a few weeks splitting like there is no tomorrow. I’m laying in more wood than I ever had anywhere in my life and to that end, in the last 10 days alone I’ve lost 8 more pounds. Damn logs at 12″ around and up are a mother to get into a truck alone.
You comments my man…
Glen
Bob
Oct 11, 2008
Why don’t you cut them into short blocks before you load them and save your back? Am I missing something?
Scared, frustrated, hungry people who aren’t very bright and they’re armed to the teeth. What a wonderful time we are in for. Winter’s coming too. They’re going to be cold on top of everything else.
Oh boy.
Bob
Oct 11, 2008
It’s a good feeling to see a huge pile of firewood outside your house. I have one too. I used to split it by hand but I used my talents to build a woodsplitter a few years ago. It fits on the bucket of my old John Deere wheel loader and uses the loader’s hydraulic system to operate. I’ve split blocks almost three feet in diameter with no trouble. Hardest part is rolling them in place. Fairly fast too. As you split, you throw the pieces in the bucket and then go dump it where you want it.
I like stuff like that. It’s too bad that most people have drifted away from practical things. I guess that’s why we are where we are.
Attitude
Oct 11, 2008
Attitude ya that is it. Not the child beating, woman beating pig cop that fires off his gun or tries to steal everything I own by force. I am no criminal why should I be forced to say I am?? I am sorry but, Mr. Bully pig cop is the one with an attitude. I will never surrender or say I am committing a crime no matter what bully bastard says and neither should you. Don’t be fooled by his attractive uniform or body. This one is a devil but, not all are but, you must keep your guard up or you will be tricked but, not treated for Halloween. Keep this in mind.
GlenGary
Oct 12, 2008
Hi Bob,
The nightwatchman is back. Keeping weird hours as the wife just had a shoulder op and I get to be nurse, cook housekeeper and do my wood thing chop chop.
I bought a hydraulic log splitter non-gas, non-powered except by my big foot thinking that if it didn’t rely on gas or electric it would work fine if things got really tough. Before that it was the ax, sledge and wedge.
I dropped some trees, cut them into 16″ hunks and let the hunks lay and I figure I’ll split them THEN move them as you are right, why kill yourself. For years I’ve done stuff like a 25 yr old does. I get sore too.
Am betting the market-Dow will hit around 7,000 near term and then level off and after that reverse more to around the 4,000 range although I have no specific time frame. Could be a few rally days but anything from here on in is a sucker rally that will just clip more wool.
BTW-Ignore the the gibberish poster.
The wood thing and work has always been my thing and I tend to laugh at the young that have no skills much less muscles which again should get interesting soon. Zero survival skills will be interesting. But not my problem either. Guessing Xbox is worth zero very soon. Kids don’t want to know what skill or work is.
The panic is starting to set in and nothing real has happened yet except that folks forgot to move out of the way financially as the train ran them over–all over again, thought 2000 to 2003 might have taught folks a thing or two, but nope.
Oh well,
Glen
GlenGary
Oct 12, 2008
Hey Bob…
Went to Ebay to see Silver Bars..10 oz bars. Wanted 4… Spot Price on the exchange is like $10.50, few dealers anywhere have ANY so I figure I’ll try Ebay. Average for a 10 oz bar? Try $17.50 an ounce plus shipping. WOW!
Last month I ordered for North West Territorial Mint and got it Friday, 26 days it took. Tonight I ordered 40 ounces at $13.60 per ounce with a 30 day wait to get it.
Try to get Gold….Harder. I have some 1/5 ounce gold coins I paid $79 for and now they are $300 each which puts it at $1500 an ounce and spot price is under $900.
Shortages but the prices are low? Manipulated Market!
When it shakes off it’s chains it will go into the Sun!
100 oz bars Ebay $1750 to $2000. But Spot Price is $1000.
Glen
Pig bastards trying.
Oct 12, 2008
Now they are shooting off thier gun for intimidation. Ignore these wimpy cops. Be sure to have a fully loaded gun available to protect yourself from the desperate looser cops. You should have a trigger lock so, children or they can’t get your protection. This is war now in these hard economic times. Have a great week and look out for number one. None of us belong in the slammer because, we have worked hard to get where we are. No one is allowed to take it away from us unless we wimp out and become floor mats. Hell no I say.
Lies and deception
Oct 13, 2008
There are many organized crime business groups that use the corrupt pigs to do many illegal acts such as killing people to steal property, using them to destroy property and using them to destroy lives. This is not just and they do not use the judicial system because, they are too cheap. The use crazy methods because, they are insane. They also engage in harassment and damage people’s vehicles. This is happening everywhere. We can no longer tolerate this BS. We have to fight back. Do not fall victim. You may not be able to stop them but, the best method is keeping your mouth shut and have good insurance to cover the damage. They only get ahead by bringing others down. They should not be made wealthy with childish games. We have to stand our ground not care about thier worhtless opinions or childish crimes. Be sure to have plenty of fix a flat. Discount tire company has free road hazzard on many tires where they will fix it free. Do not take the law in to your own hands and only shoot them in self defense. Who cares about the childish names they call you and do you want to socialize with these scum bags anyway? Consider the source and enjoy your life with family plus friends. Do end up dieing young for these worthless people that should not even be classified as people. Fight back America!!
Bob
Oct 13, 2008
I’ve been gone all weekend. Back to camp for a few more days tomorrow. Mr. Jibberish has a good one here and there. Keeps telling us to look out for number one-might be Randy Bachman.
The only reason I could think of for loading 9ft logs was that you needed to get home fast. Takes a lot more time to cut all those little blocks and handle them.
It’s funny when you do something the hard way for years and then you see the way somebody else does it, and you just shake your head at yourself. I’ve been there more than once.
I don’t know anymore what to expect from the markets. There is so much manipulation from governments, big money players and day traders that it doesn’t follow logic of any kind. All I know is that the purpose of the manipulation is to squeeze every last drop of wealth and economic juice out of the free world and it’s people. When that job is done, the markets will be thrown aside for something else.
I don’t know what to expect from gold and silver either. Inflation will make prices go up, but there is so much imaginary money disappearing from the system in the form of lost equity and credit that we could easily see big deflation numbers. Top that off with the fact that currency values are all over the place and should be worthless in some cases……anything could happen. One sure thing is that gold and silver will be worth something and I have some.
I’m not looking to get rich, it’s just comforting to have something relatively indestructible that has some value.
I haven’t bought any metals since the early nineties. I always trust my gut, so when the urge to do something passes, I move on to something else. Back then I was almost in a panic to stock up on the “necessities”. The only thing I worry about is my ammo going bad, but it’s been cool and dry. Should be alright. I still buy a little of whatever, here and there. Won’t pass up a deal but mostly I’ve been in waiting mode for at least ten years.
It is tough to accept that these things are permanent. There will be no going back. We’ve become so accustomed to happy endings or the idea that endings and lives mean something everytime. Even the idea of endings isn’t reality. We’re all screwed up in the head. It’s going to be a tough adjustment.
Just go with the changes and try to stay alive and content.
GlenGary
Oct 13, 2008
Lies and deception & Pig Bastards,
Go to the phone book and look under “Psychiatrist”, pick a number, call it and schedule an appointment and then keep the appointment and tell that nice Doctor what you have told us.
After some intensive Electro shock convulsive therapy you might feel better. If not, request a lobotomy and I guarantee you will never feel anxious again.
GlenGary
Oct 13, 2008
Bob,
The Rally in the Dow today was energy stocks that are taking a vote on the bailouts as being inflationary with now the G20 going to try to print their way out of this mess and straight into the other mess-currency collapses.
Do keep your gold and silver, do keep your powder dry and do keep stocked up on food and wood. And be happy that you saw it coming enough to insure you have a much better chance than most at this game.
The times are turbulent, but while they are, you can smile a bit to yourself that you are smart enough to deal with it.
Later Friend,
Glen Gary
Oct 13, 2008
I do feel well. I just want to save others from the senseless suffering I endured. That is not a problem. You must have not been down that street so, you have no idea how it destroys a person and thier life. God wants me to prevent that by educating the public. I will continue to do so regardless of your insensitive humor. Besides it made you laugh. Be prepared for the worst but, always use your good sense of humor to your benefit. You will need it if the pigs decide to beat your ass silly. I bet you are a big strong man with no worries right??
Bob
Oct 13, 2008
Are you talking to me Glen? You talkin’ to me?
I think you’re talking to Mr. Jibberish. I’m not big and strong. I used to be 5′10″ but life has worn me down to about 5′9″ now.
If you are talking to me, that’s a real mood swing thing you’ve got going on there.
Quite the rally today. With all these nationalized banks and government alliances, we might be looking at a unified world bank pretty soon. If that was to happen, and they came up with a world currency, they might drag this out for a few more years. It’s likely that they would let us suffer for a year or two first though, just to soften us up and make us more accepting. There might still be a free spirit or two out there that will need to be beaten down.
GlenGary
Oct 14, 2008
Hey Bob,
Seems we have a joker here who filled in my name to address me.
I’ll answer his question, I’m 6′3″ and weigh 215 and yes I’m secure with no real worries except how to kill off the dumbasses in the world without nuking everyone else in the process. That has been a real brain teaser for me.
There Bob I said it and I feel better.
As for the Jesus creature I think that was more like HEY-SOOS spelled Jesus. He was a Mexican that forgot he needed to go home after lettuce-grape season. I’ll contact Immigration and tell them we have a wild hair left running around.
I’m not quite up with this pig thing as I have cops that are friends and they are only racist so far not storm troopers yet. Someone is paranoid or moved into the wrong neighborhood for their own socioeconomic class. America is still all touchy about stuff like that. We have Liberals that talk all Liberalese but go crazy if the object of their Liberal rants moves next door to them. Weird folks.
Got to go saw logs literally… Leter Bob.
Glen
Happiness is
Oct 16, 2008
Happiness is decent cops that are Not Nazi brainless fucks with the IQ of Mr. Peanut. Lol
Nuke the Muslims
Oct 17, 2008
Nuke the terrorist Muslims whose horrible religion try to ruin life for everyone else. We don’t want anything to do with them or care about what they have to say. If they cannot be decent we will treat them the same. Fight fire with fire!!