The Thin Red White & Blue Line

Another good article by James Macfarlane on the state of our nation – and what you can do to prepare for the future:

http://www.321gold.com/editorials/macfarlane/macfarlane062308.html

 

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  1. Wow, THAT was a scary article? How does anyone feel about the suitability of Vicksburg if the disaster this guy talks about really unfolds?

  2. Batten down the hatches, Jay. The world as we know it is ending.

  3. I agree. I think having a small patch of dirt to grow your own food is going to be a very good thing. A good rifle to keep it will be good also.

  4. I agree regarding the farm – but rather than a rifle, better have a machine gun. It may get rough.

  5. Agreed with all which has been said with one additional thought: You might want to have several firesticks, long and short, and a quantity of that which makes them work.

  6. Rev., I pray for your congregation………. “to find better leadership!”

  7. Thank you Wilisa for your prayers. Everyone needs improvement.

    Only those who have thievery and knavery in their hearts need dread the armed citizen.

  8. Rev., I have comfort in knowing on the hand that has one finger pointing at me, you have three pointing back at you sir.

  9. More good news…

    http://www.strike-the-root.com/81/allport/allport11.html

  10. Malcolm, thank you for sharing this information. Is your theme slogan “woe is me?”

    In third world countries you see smiles on the people’s faces that have nothing “materialistic” because they are happy to be alive. Happy to have family. Happy to share what they have. Happy to praise their God.

  11. I do not recall pointing a finger at anyone, but if I did thanks for the advice, which I hope you will observe in your next post.

  12. Wilsa, I prefer that my “theme slogan” be identified with that of the Scouts: Be Prepared.

  13. Yes, I think I remember buying some of your “End of the World – Year 2000 Supplies” from your garage sale in 2004 or was it 2006 or 2007?

  14. I suspect you have me confused with someone else.

  15. Here’s another sobering story. Scroll down until you get to the Pierre Lemieux article…

    http://www.dailyreckoning.com/

  16. http://www.granma.cu/INGLES/2008/junio/mier25/27vacuna-i.html

  17. Love and freedom, or cruelty and tyranny… The following is a MUST READ

    http://www.strike-the-root.com/82/allport/allport1.html

  18. Inflation: Ron Paul Explains How We Got Into This Mess

    “There were several stages. From the inception of the Federal Reserve System in 1913 to 1933, the Central Bank established itself as the official dollar manager. By 1933, Americans could no longer own gold, thus removing restraint on the Federal Reserve to inflate for war and welfare.

    “By 1945, further restraints were removed by creating the Bretton-Woods Monetary System making the dollar the reserve currency of the world. This system lasted up until 1971. During the period between 1945 and 1971, some restraints on the Fed remained in place. Foreigners, but not Americans, could convert dollars to gold at $35 an ounce. Due to the excessive dollars being created, that system came to an end in 1971.

    “It’s the post Bretton-Woods system that was responsible for globalizing inflation and markets and for generating a gigantic worldwide dollar bubble. That bubble is now bursting, and we’re seeing what it’s like to suffer the consequences of the many previous economic errors.

    “Ironically in these past 35 years, we have benefited from this very flawed system. Because the world accepted dollars as if they were gold, we only had to counterfeit more dollars, spend them overseas (indirectly encouraging our jobs to go overseas as well) and enjoy unearned prosperity. Those who took our dollars and gave us goods and services were only too anxious to loan those dollars back to us. This allowed us to export our inflation and delay the consequences we now are starting to see.

    “But it was never destined to last, and now we have to pay the piper. Our huge foreign debt must be paid or liquidated. Our entitlements are coming due just as the world has become more reluctant to hold dollars. The consequence of that decision is price inflation in this country – and that’s what we are witnessing today. Already price inflation overseas is even higher than here at home as a consequence of foreign central bank’s willingness to monetize our debt.

    “Printing dollars over long periods of time may not immediately push prices up – yet in time it always does. Now we’re seeing catch-up for past inflating of the monetary supply. As bad as it is today with $4 a gallon gasoline, this is just the beginning. It’s a gross distraction to hound away at ‘drill, drill, drill’ as a solution to the dollar crisis and high gasoline prices. It’s okay to let the market increase supplies and drill, but that issue is a gross distraction from the sins of deficits and Federal Reserve monetary shenanigans.

    “This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to ‘monetize’ U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone – especially the U.S. Congress that doesn’t care, or just flat doesn’t understand. As this ‘gift’ to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever.

    “This time – since there are so many dollars and so many countries involved – the Fed has been able to ‘paper’ over every approaching crisis for the past 15 years, especially with Alan Greenspan as Chairman of the Federal Reserve Board, which has allowed the bubble to become history’s greatest.

    “The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.”

    -Rep Ron Paul

  19. Yelling drill, drill, drill without an adequate refining capacity will not solve the problem, because that is where we are today. The refineries we have in this country are old by anyone’s standards. We have not built a new one in over thirty years.

    And the different refined mix of fuels which refiners are required to come up with is not helping either.

    Rep. Paul has it pegged. The cheap money solution to our economic problems has put us in a real fix. We will not be able to print our way out of this situation. Unfortunately, that is all our government leaders know how to do.

  20. Event Horizon

    James Howard Kunstler
    July 16th, 2008
    Author of The Long Emergency
    Kunstler.com
    kunstler@aol.com

    There’s a particular moment known to all Baby Boomers when Wile E. Coyote, in a rapture of over-reaching, has run past the edge of the mesa and, still licking his chops and rubbing his front paws in anticipation of fricasseed roadrunner, discovers that he is suspended in thin air by nothing more than momentum. Grin becomes chagrin. He turns a nauseating shade of green, and drops, whistling, back to earth thousands of feet below, with a distant, dismal, barely audible thud at the end of his journey. We are Wile E. Coyote Nation.

    Is there anyone in the known universe who thinks that the US financial system is not fifty feet beyond the edge of the mesa of credibility?

    Nothing will avail now. Not even if Sirhan Sirhan were paroled at noon today and transported directly to the West Wing with a .44 magnum in each hand (and a taxi driven by the Devil waiting outside to take him to the US Treasury and the offices of the Federal Reserve).

    It’s hard to imagine what kind of melodramas were unspooling on the Hamptons lawns this weekend, while everybody else in America was watching Nascar, or plying the aisles of BJs Discount Warehouse for next week’s supply of mesquite-and-guacamole flavored Doritos, or having flames and chains tattooed on their necks, or lost in a haze of valium and methedrine.

    With the death of the IndyMac Bank last week, and the GSEs Fannie Mae and Freddie Mac laying side-by-side in the EMT van on IV drips, headed for the Federal Reserve’s ever more crowded intensive care unit, there was a sense of the American Dream having passed through the event horizon that denotes the opening of a black hole.

    What would happen if the US Government acted to bail out these feckless enterprises (and what if they don’t)? Either way, it’s not a pretty picture. If Mr. Bernanke does start shoveling loans into the GSE black hole, he’ll further undermine the soundness of his own outfit and do nothing, really, to repair Fannie and Freddie’s structural problem of having securitized too many loans that will never be paid back. If instead Fannie and Freddie are flat-out taken over entirely by the US government (and remember the Federal Reserve is not the government), then the national debt will roughly double overnight — which will pound the US dollar down a rat-hole.

    Meanwhile, the foreign holders of those decrepitating dollars might not rush to the redemption window, but they certainly would use them to buy up every oil futures contract on God’s not-so-green Earth as fast as possible — they’d be dumb not to — which would leave American Happy Motorists with gasoline prices north of $5 a gallon, and possibly north of $10. (In that case, say goodbye to the airlines. In fact, say goodbye to what passes for the rest of the US economy, including especially the vaunted retail sector that supposedly counts for 70 percent of the action.)

    If Fannie and Freddie are left to die out on the desert floor, say goodbye to the housing market, the major investment banks, countless regional banks, the retirement accounts of virtually everyone in America, the viability of all fifty states’ governments, and the day-to-day operating ability of all their municipalities — and very likely the current incarnation of the world banking system.

    This process is really out of control now. The bottom line is the comprehensive bankruptcy of the United States. The Republican Party under George Bush will be known as the party that wrecked America (release 2.0). Painful as it is, Americans had better get a new “Dream” and fast. It better be a dream based on the way the universe actually works, which is to say an operating procedure run on earnest effort and truthfulness rather than merely trying to get something for nothing and wishing on stars. We might begin symbolically by evacuating Las Vegas and calling in an air strike on the loathsome place — to register our new reality-based attitude adjustment.

    After that, we’ve got to get to work re-tooling all the everyday activities of life, including the way we grow our food, the way we raise and deploy capital, the way we do trade and manufacturing, the way we go from point A to point B, the way we educate children, the way we stay healthy, and the way we occupy the landscape. I know, it sounds like a lot, maybe too much. But grok this: we don’t have any choice if we want a plausible future on this portion of the North American continent.

    Of course, none of that is likely to happen. Instead, and under the worst imaginable economic conditions, we’ll probably embark on a campaign to prop up the un-prop-up-able and sustain the unsustainable — that is, defend every status quo habit and behavior that we’re used to, whether it can be salvaged or not. Of course, this would be a fatal squandering of our dwindling resources, but it it tends, historically, to be the last act of the melodrama in any faltering empire.

    The result, pretty soon into that process, will be social breakdown and political upheaval. Every tattoo freak out there who has been prepping for his own starring role in some kind of comic book armageddon will finally get his chance to shine. Lots of people will get hurt and starve. Property will change hands in a disorderly way. And at the end of this process an American corn-pone Hitler may be waiting to set everything and everyone straight.

    James Howard Kunstler
    July 16th, 2008
    Author of The Long Emergency
    Kunstler.com

    Jim Kunstler is the author of The Long Emergency, The Geography of Nowhere and many other books. He lives in upstate New York.

  21. Jim, there is too much crude truth in what you have written for most to digest much less accept.

    There is a day of reckoning coming because the powers that be have turned the American economy into a house of cards, and away from one founded on sound money and finance. They have nearly killed the goose that laid the golden egg. Perhaps it is dead already.

    But never underestimate the propensity of the big government folks to prime the pump in hopes that more paper money will solve our problems. Shades of Germany in the 1920’s or the Roman Empire under Diocletian (paper or base metal?).

    Either way, you are correct in your assessment about what awaits us in the not-to-distant future. There is either a Hitler or a Constantine, or some cruel fusion of the two, waiting just over the horizon unless the American people wake up and insist on having the constitutional republic which the Founders established. But then, what do people really know about the Constitution other than what the media tells them?

    Nor does this Hobson’s Choice of an election year help matters with the load of promises being made to the public as if it were 1932 or 1964 all over again. We cannot pay for the government we already have much less for any more. As the Roman poet Virgil once offered: “Perhaps some day this too shall be pleasant to remember.” Perhaps.

  22. Here’s another well-written article describing the current state of our country that also has some predictions as to where we go from here:

    http://www.oftwominds.com/blogjuly08/empire-debt7-08.html


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