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Showing posts with label The Daily Crux. Show all posts
Showing posts with label The Daily Crux. Show all posts

Sunday, January 23, 2011

Urban Survival Planning - Collapse Indicators: The Daily Crux is now a fan of The Daily Crux by Porter Stansberry as he provides good insight into how the World economy and geo-political events will affect the United States through his site, The Daily Crux.

A couple of post headlines and orientation from each, from his website are posted below. You can go to his site to read the complete article. The take home lesson here is that Stansberry's Daily Crux is an essential information provider for us to format our own conclusions and indicators of the coming collapse. If I was you, I would bookmark it and refer back to it as often as you can, even several times a day.

Porter Stansberry: You must prepare for a crisis NOW
Wednesday, January 12, 2011
The collapse of the euro will cause all kinds of big problems this year and almost surely lead to a huge correction in commodities. Does that mean the U.S. dollar's problems are just a mirage? Nope. Sooner or later the U.S. will face a stark choice...
If we let the euro fail, it will result in terrible short-term consequences. So the Fed will crank up the presses yet again. Quantitative easing 3 will be another $1 trillion effort, this time focused on buying European sovereign debt. The Fed must become the lender of last resort not only for the U.S. , but for the world. That's the last step before its eventual collapse. After that point, people will no longer flee to Treasurys (Treasury Bonds) when a crisis erupts. They will flee to gold.

These "nightmare scenarios" could plunge the world into a new crisis
Thursday, January 20, 2011
What could cause an economic collapse in 2011? Well, unfortunately there are quite a few "nightmare scenarios" that could plunge the entire globe into another massive financial crisis.
The United States, Japan, and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the global price of food just hit a new record high. Food riots are already breaking out all over the world. Meanwhile, the rampant fraud and corruption going on in world financial markets is starting to be exposed and the whole house of cards could come crashing down at any time.
... So we had all better be getting prepared for hard times. The following are 12 economic collapse scenarios that we could potentially see in 2011...

#1 U.S. debt could become a massive crisis at any moment.

#2 Speaking of threats to the global financial system, it turns out that "quantitative easing 2" has had the exact opposite effect that Ben Bernanke planned for it to have.

#3 The debt bubble that the entire global economy is based on could burst at any time and throw the whole planet into chaos.

#4 As the U.S. government and the Federal Reserve continue to pump massive amounts of new dollars into the system, the floor could fall out from underneath the U.S. dollar at any time.

#5 One of the primary drivers of global inflation during 2011 could be the price of oil. A large number of economists are now projecting that the price of oil could surge well past $100 dollars a barrel in 2011.

#6 Food inflation, massive food riots in various spots in the World; what is going to happen if global food prices go up another 10 or 20 percent and food riots spread literally all over the globe during 2011?

#7 There are rumors that simply will not go away of massive physical gold and silver shortages. Demand for precious metals has never been higher.

#8 The U.S. housing industry could plunge the U.S. economy into another recession at any time. Record low new houses and massive foreclosures scheduled.

#9 A combination of extreme weather and disease could make this an absolutely brutal year for U.S. farmers. A winter of new cold weather and snowfall records set across the United States .

#10 The municipal bond crisis could go "supernova" at any time. Already, investors are bailing out of bonds at a frightening pace. State and local government debt is now sitting at an all-time high.

#11 The quadrillion dollar derivatives bubble could burst at any time.

#12 The biggest wildcard of all is war. The Korean peninsula came closer to war in 2010 than it had in decades. The Middle East could literally explode at any time.

Mayors of major U.S. cities say defaults are certain
Thursday, January 20, 2011
The mayors of Los Angeles and Chicago said the financial strains still weighing on local governments in the wake of the recession may cause cities to default on their bonds.
Los Angeles Mayor Antonio Villaraigosa, a Democrat, said municipalities are being squeezed as states move to balance their own budgets, a step that can involve taking more funds that would otherwise be sent to towns and cities.
"There's no question you'll see some cities in default," Villaraigosa told reporters today at a press conference in Washington , where the U.S. Conference of Mayors is meeting. "The difference between us and the federal government is they can print money.

America 's "day of reckoning" has arrived
Wednesday, January 19, 2011
Call it a Day of Reckoning or a Point of No Return. Either way, it has arrived. Cities and states are in forced cutback mode except for Illinois , which managed to kick the can down the road with massive increases in taxes.

A huge threat to your freedom is gathering strength (WARNING: extremely controversial post)
Friday, January 14, 2011
"What is government if words have no meaning?"
Jared Loughner reportedly posed that question to Rep. Gabrielle Giffords at a forum two years ago. Perhaps unwittingly, Loughner answered that question himself by murdering six people and attempting to murder fourteen others, including Giffords. In doing so, the young nihilist effectively privatized government's central function.
Shorn of the sophistries that provide it with a moral disguise, pared down to its essentials, political government is the systematic use of exactly the same kind of criminal violence employed by Loughner, only on a much grander scale. This was illustrated the day before Loughner's murderous rampage, when agents of the government ruling us used a remote-controlled drone operated from the safety of an office building in Nevada to murder six people in Pakistan 's North Waziristan region.

Americans were not admonished to observe a moment of chastened silence in memory of the victims of that exercise in criminal violence. This is, in part, because observances of that kind would quickly become tedious: Since 2008, Pakistan – a country with which the government ruling us is not formally at war – has endured at least 250 drone attacks, in which roughly 1,400 people have been killed.

According to the most conservative estimate of "collateral damage," only a tithe of those slaughtered through drone strikes are "militants."

Hundreds of civilians have likewise been massacred in the ongoing "surge" in Afghanistan , many of them in nighttime raids by "Special Operations Forces" – that is, death squads – whose behavior is not easily distinguishable from that of Jared Loughner. At least a hundred thousand civilians have been annihilated in the continuing war in Iraq , which was inaugurated for reasons just as delusional as anything that percolated in Loughner's distressed mind.

For those who worship at the altar of the omnipotent State, mass murder of this kind is an exercise in sanctified violence. In a 2009 interview with Foreign Policy magazine, Bill Clinton – who has repeatedly denounced "anti-government" speech as a form of criminal sedition – defined terrorism as "killing and robbery and coercion by people who do not have state authority." (Emphasis added.) What this means, of course, is that "killing and robbery and coercion" by duly authorized agents of the State isn't terrorism,…it’s policy.