Tag Archives: Economic Crash

Getting Ready for the Coming Wild Economic Ride – Part 2

In part one, we just finished talking about reducing your material footprint, so that you start to wean yourself from the “luxury must-haves” that you consume now. This also goes for any vices you have. The sudden withdrawal from nicotine, alcohol and caffeine will change your behavior. The more vices you have, the more difficult you’ll have in coping without them. Start weaning yourself off them now. After the balloon pops on this economic bubble we’re in, common daily items are going to disappear fast, and after that, they’ll be in short supply. Look at any country that has gone … Continue reading

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Getting Ready for the Coming Wild Economic Ride – Part 1

Undoubtedly, you’ve seen the recent shakeup in the news on how the Fed is thinking about tightening up the free money they’ve been handing out to bankers. The purpose of all this printed money, we were told, was to give the economy time to heal itself and thus avoid an economic collapse. Trillions of dollars were given to Wall Streeters and bankers, yet we have little to show for it. The media has long ignored the fact that this injection of money hasn’t accomplished anything but keep friends of the Fed in a constant supply of cash. This is, of … Continue reading

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Dollar No Longer Primary Oil Currency As China Begins To Sell Oil Using Yuan

This is one of those “shoes” that we have been waiting to drop. The rest of the world is fed up with our monetary policies and the inflation that we’re exporting. While small countries can’t do much about it, the larger countries can, and as you can see from the article, they have. In a nutshell, China is now completely set up and ready for any country to buy and sell oil using their yuan, instead of US Dollars. This is the equivalent of a death knell for the dollars. [From Dollar no longer primary oil currency as China begins … Continue reading

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QE3 to Infinity – What Does It Mean?

What Was The QE3 Announcement – What Does It Mean? Here is what the Fed announced: The central bank will buy $40 billion of mortgage-backed securities a month, and is willing to take more action if the labor market doesn’t improve, its policy-setting committee said. The Fed also extended an existing stimulus effort known as Operation Twist, under which the central bank has been selling short-term bonds and using the proceeds to buy longer-term bonds in an effort to bring down long-term rates. Officials also said they expect to keep short-term interest rates near zero until at least mid-2015, past the … Continue reading

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QE3: Get Ready For Hyperinflation!

Here’s a recipe for disaster: “…the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Fed’s big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading

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The Next One Will Be The Big One « Jim Sinclair’s Mineset

Haven’t covered too much about the economy lately; I hit on the economy so much last year that I want to make sure that we cover other things as well. However, it’s important to realize that the economy is still highly unstable.  This means that, at any time, the markets can turn upside down and crash, or fall, or any number of things that will cause an “unsettled period of time.”  Like, recessions, depressions, collapse of the dollar, things like that.  Remember, we still haven’t recovered from the last recession, though some say that we’re still in it and some … Continue reading

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U.S. banks told to make plans for preventing collapse

It seems like all the bad bank news comes out between Friday night and Sunday. They do this on purpose because they know you’re not paying as close attention to the news on the weekend. Banks are preparing for a collapse? Perhaps you should too! [From Exclusive: U.S. banks told to make plans for preventing collapse | Reuters] (Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government … Continue reading

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100 Million People in Poverty

I came across this article recently and it floored me.  I’ve had some trouble trying to validate that there are 100 million people in the US that are at or below the poverty level, though I am easily finding data that shows, at least, 50 million Americans are living in poverty. Even at 50 million, that’s an astonishing level of poverty.  That’s 1 in 6 people.  At 100 million, that would be 1 in 3 people.  Both of those figures are amazingly revealing on what’s going on with the economy.  As in, it’s not getting better, despite what we’re hearing … Continue reading

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Principles and Values, The 912 Project

An anyone that watches Glen Beck knows, He has come up with a list of nine principles and twelve values.  Today (03/13/2008) on his “We Surround Them” episode, Glen unveiled his new website, The 912 Project.  Glen says the site is a place where like-minded folks can come together and reassure each other they, “they are not alone.”  In what seems like a darker and darker world, It’s ever more important to surround our selves with people we trust, love, and can count on.  It’s been said before here and other places; get out there and make connections, start networking.  … Continue reading

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Not on My Watch, Oath Keepers

I stumbled upon the Oath Keepers’ website and was compelled to pass in on to our readers and listeners.  I will let their statement explain who they are, it does a better job than I could.  This is powerful stuff.  It gives me hope to read and hear it from others. Oath Keepers is a non-partisan association of currently serving military, reserves, National Guard, peace officers, and veterans who swore an oath to support and defend the Constitution against all enemies, foreign and domestic … and meant it. Our oath is to the Constitution, not to the President, and that … Continue reading

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