Posted: 11/19/2010 6:14:58 AM EDT
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LINK TO SF FORUM CLICK ME!!!!!
thought this was awesome, even i can understand it!!! |
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Wow! That was very interesting and I actually understood it...
http://garynorth.com/public/7261.cfm We are so screwed... 
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It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump.
The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. |
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Nope and it's not the packers or truckers. Culprits are power companies supplying the power to process meat and oil companies selling fuel to move the product. Think about this.
Cattle are moved from one end of country to middle of, to grain source and non-humid climate for quickest and most efficient weight gain. Texas and Oklahoma pan handles. Western Kansas, Eastern Colorado. Nebraska and Iowa. While at feed yard. Ground feed has to be hauled to Cattle. Cattle hauled some 100 to 250 miles to slaughter. Some times more. Beef is processed and boxed. Then flash frozen for refrigerated transport to grocery distribution centers all across US. Beef is sold and hauled in route delivery semis to your local meat case. It's energy that's driving up the cost of food. I heard of one power supply company who has announced 30% rate hikes effective first day of 2011. It's being said by economists all over the world. The dollar is fast becoming the least valued currency on the planet. Meantime in Ireland today the Euro bank is set to bail Ireland out with the EURO....... to the tune of, if I heard right. Some 100 billion dollars ?? Spooky Dude's vision of a "one vurld owder" coming to fruition. |
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Quoted:
It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump. The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. Wouldn't hording your cash be the last thing you want to do? If inflation is going to occur, then the cash you hoard will just be devalued. Wouldn't it be better to invest in items like junk silver, silver, gold, and ammo or buy land? Wouldn't these items have the same "value" even if major inflation occurred? |
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Quoted:
Quoted:
It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump. The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. Wouldn't hording your cash be the last thing you want to do? If inflation is going to occur, then the cash you hoard will just be devalued. Wouldn't it be better to invest in items like junk silver, silver, gold, and ammo or buy land? Wouldn't these items have the same "value" even if major inflation occurred? Yes but there is a the slight problem of; Will anyone be able to buy it from you so you can have some liquid capitol back? |
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Quoted:
Quoted:
Quoted:
It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump. The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. Wouldn't hording your cash be the last thing you want to do? If inflation is going to occur, then the cash you hoard will just be devalued. Wouldn't it be better to invest in items like junk silver, silver, gold, and ammo or buy land? Wouldn't these items have the same "value" even if major inflation occurred? Yes but there is a the slight problem of; Will anyone be able to buy it from you so you can have some liquid capitol back? Your correct about the land and gold, that will be an item that will most likely not be transferable until a new, hopefully gold/silver backed monetary system is in place. However, the junk silver, silver, and ammo are great barter items that will have obvious value when the dollar doesn't. |
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Yes. a little liquid capital is better than no liquid capital. I had dinner this evening with my folks. Mom said Hy-Vee is on record, price of groceries will triple this next year. Hoarding cash isn't a short term solution to a long term problem. We'll need to hoard every dime we make while spending conservatively.
I would and could share our families four generations of current thinking on this. But I don't want to come off as the sky is falling. I will say that we have made plans and are continuing plans to consolidate at least 3 households of budgetary needs into one house if need be. If you can afford gold and silver great. If not. Cash is King. |
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i fully believe it will get worse (much worse) before it gets better. Look at the price of a lb turkey, its up .20c from last year! Look at gas, electric, loaf of bread, etc etc it's ALL getting more expensive, but yet our wages aren't going up.
Inflation is a good thing..... for the government. It allows them to repay debt cheaper, so of course the "all knowing" politicians are going to want inflation, it's cheap money for them, however it will be us, the blue collar workers, who get the shaft. Unfortunately the politicians don't realize if you kill the engine powering the economy, that cheap money from inflation doesn't mean ANYTHING. I don't know if our economy will truly collapse, i believe it will be like the great depression, perhaps worse (because so many people are used to entitlement). I also believe Obummer is setting the frame work for us to fall into something more like Europe, and if that happens we'll be between a rock and a hard place, out of the oven and into the frying pan so to speak. If we lose freedom now, we will never know it again, and this time we don't have manufacturing jobs to get us out of a slump like WWII (we had 15% unemployment going into WWII, seems people have forgot that) Another thing to look into is non electric meat processing, if things get REALLY BAD that will be invaluable. It will be every day items that will be the stuff of trade, just like the great depression. Also perhaps a good idea to learn a trade that could be valuable if the economy really slumps, i.e. knitting, plumbing (can trade services for food or stuff, nothing sucks like a backed up septic tank  ) meat processing, farming, making soap, just learn something useful, there are a number of things out there!!!
reiterating, now is the time to prep with food, food will be the main commodity, along with ammo if things get really bad. gold and land won't mean much because there won't be many to buy it, i'd invest in pre '64 silver dimes if you are looking for something to invest in. The other thing to look into will be toiletries, do you have a wife or daughter? Because they are going to need tampons, birth control, toilet paper, etc etc, but if it costs $100 for a pack of toilet paper, your shit outta luck (pun intended). Stock up on everyday items as well, not just food and silver. |
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Quoted: It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump. The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. Why isn't the Ag biz "too big to fail"?  |
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Quoted:
Quoted:
It missed the mark. Correct and I learned a few things. Still the same. Deflation hurts tax revenue to sustain government. By pumping 600 billion into economy Fed has monetized the debt and made attempt to sustain tax revenues. Tax increases didn't and won't fly. So, in affect inflation is a tax increase. Most economist say we're looking at 20% inflation or higher. We're already seeing it at the pump. The next big fall is the foundation of our economy. Agriculture. 3 weeks ago the largest cattle broker in United States had it's notes called. It moved 10 to 15% percent of all cattle in US. It's rumored FDIC is ultimately who pulled the rug out from under, causing receivership. They owned stockyards all across the south east and 2, 100,000 head capacity plus commercial feed lots in Kansas and Texas . From the summer of 09 thru April of 10 every head of commercially fed beef was loosing between 300 to 350 a head. Times that times say 50,000 head. A lot of big players in the cattle business are gone. Most will never be able to get out from under the losses sustained. The cattle broker I speak of has some 200 million in debts outstanding and at last count had some 80 million out in insufficient checks. It's being dubbed as "The Royal Train Wreck of the Cattle Business." Farmers who owe on land and equipment have been struggling to cash flow for last 2 years. Combines and tractors are being let go back to creditors at alarming rate. Good time to stock pile non-perishable food items and hoard your cash. Why isn't the Ag biz "too big to fail"?
Bahh, while I admit the failure of ag business would be a horrible thing, and it would take a very long time of hardship for our country to recover, but I have to ask you what other industry has programs like this? There is money if you _don't_ plant There is money if you _do_ plant There is money if your crops fail There is money if your crops are a success You are exempt from fuel taxes (although the cost of fuel is still horrible), I know in MO and most other AG states you can buy a vehicle for "ag purposes" and not pay taxes on it (Sell a load of corn, then buy a car in the same day and you can claim bartering and not pay sales tax on it). |