The Coming Financial Abyss

Discussion in 'News, Current Events, and Politics' started by poltiregist, Mar 31, 2020.

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  1. poltiregist

    poltiregist Legendary Survivalist
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    https://www.msn.com/en-us/news/worl...to-sanctions/ar-AAUdd0x?ocid=msedgdhp&pc=U531 --- As we have discussed Puttin is going to attack the U.S. financial system . So for it appears he doesn't bluff but follows through with his threats . --- A financial attack on the United States financial system now appears to be imminent . Expect cyber attacks and satellite signal jamming to target banks and pipelines . The howling of the unprepared will soon be heard . --- To save face expect Biden to be instructed to ratchet up retaliations on Russia followed up with , Puttin ratcheting up his cyber and signal jamming attacks . --- Other countries that dare oppose Puttin may also be similarly attacked .
     
    Last edited: Feb 24, 2022
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  2. Old Geezer

    Old Geezer Legendary Survivalist
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    If the limp-wrist biden "administration" pokes the Russian bear in the side. The bear will spin and do as much damage to the U.S. dollar as it can. Both Russia and China want the remove the dollar as the International Reserve Currency -- thus their massive buy-up of thousands of tons of gold. The U.S. is weak / won't use its power, thus the dollar is weak. All that backs-up the dollar is the U.S. military forces, land, sea, and air. With what can we back the dollar? Only thing I know of is building military aircraft and ships. But, so can other countries.
     
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  3. Old Geezer

    Old Geezer Legendary Survivalist
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    https://dailyreckoning.com/the-war-on-cash-entering-bold-new-phase/

    "Governments always use money laundering, drug dealing and terrorism as excuses to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash, gold and, these days, cryptocurrencies.

    "The real burden of the war on cash falls on honest citizens who are made vulnerable to wealth confiscation through negative interest rates, loss of privacy, account freezes and limits on cash withdrawals or transfers.

    "One survey revealed that more than a third of Americans and Europeans would have no problem at all giving up cash and going completely digital. Specifically, the study showed 34% of Europeans and 38% of Americans surveyed would prefer going cashless.

    "But in reality, the so-called 'cashless society' is just a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers.

    "Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation like negative interest rates.

    "They can’t do that as long as you can go to your bank and withdraw your cash. That’s the key. In other words, it’s much easier for them to control your money if they first herd you into a digital cattle pen. That’s their true objective and all the other reasons are just a smoke screen.

    "Elites know that they can’t ram their unpopular agendas through in normal times. The global elites and deep state actors always have a laundry list of programs and regulations they can’t wait to put into practice. They know that most of these are deeply unpopular and they could never get away with putting them into practice during ordinary times.

    "Yet when a crisis hits, citizens are desperate for fast action and quick solutions. The elites bring forward their rescue packages but then use these as Trojan horses to sneak their wish lists inside. That’s what we’re seeing.

    "Besides the loss of privacy, other dangers from the cashless society arise from the fact that digital money, transferred by credit or debit cards or other electronic payments systems, is completely dependent on the power grid. If the power grid goes out due to storms, accidents, sabotage or cyberattacks, our digital economy will grind to a complete halt.

    "That’s why it’s a good idea to keep some of your liquidity in paper cash (while you can) and gold or silver coins. The gold and silver coins in particular will be money good in every state of the world.

    "Just make sure you don’t store it in a bank, because it would be subject to confiscation. That defeats the whole purpose of having this sort of protection in the first place."
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  4. TMT Tactical

    TMT Tactical The Great Lizard ! Staff Member
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    Just one example of why NOT to go digital. Yesterday the card reader at the gun club malfunctioned and would not read any cards. There was one shooter that did not have any cash or checks. I did allow the shooter to shoot free but I could have easily refused to allow that person to shoot. One shooter had no cash but did have his check book. You don't want to have to rely on technology. Cash is always a good thing. It has been my experience that the old timers carry cash and the young folks rely on cards.
     
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  5. poltiregist

    poltiregist Legendary Survivalist
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    Ironic that here in the United States the Democrats have created the financial abyss , but the brain dead people that support such ridiculous agendas will be the very ones hollering the loudest as the store shelves get emptier and whatever can be found for purchase continually spiraling out of affordability . Preppers can just watch in amusement . --- As things continue to degrade preppers may want to consider ratcheting up their security as masses become more desperate .
     
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  6. TMT Tactical

    TMT Tactical The Great Lizard ! Staff Member
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    Just finished re-sighting in my 22 lr. I had swapped scope and needed to dial it in. Long story short. 8 shot group, at 50 yards, with 6 touching. Two shots I pulled a bit. The six shot group was .350 and the total with the two flyers, .490. The rest of my rifles shoot just as good, sub-MOA. I think I am ready for the two legged critters to come out of their holes.
     
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  7. Old Geezer

    Old Geezer Legendary Survivalist
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    https://www.gatestoneinstitute.org/18207/elite-capture

    • "[Elite capture] is a crucial tool of [China's] success. The idea is simple enough: by tempting another country's elite with money, access and favors, you move them to see their interests and China's interests as intertwined or even the same.

    • "[Each] of the individuals we discuss would deny their role in helping China gain access to American capital markets, American military and surveillance technology, or American policy making. Each will say they are merely pursuing business opportunities that the Chinese market has offered them, as any goods capitalist should. They may argue the companies they run are truly international..."
    .
     
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  8. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    its fairly easy for TPTB to shut down card transactions, many people only carry cards no cash, I carry both.
     
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    1. TMT Tactical
      The ranges Card Reader still broken. I had to send a half dozen or so shooters to the little MOM & POP grocery, down down the road, so they could get cash from the ATM. These shooters had no cash.
       
      TMT Tactical, Feb 27, 2022
  9. Old Geezer

    Old Geezer Legendary Survivalist
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    I guess I should keep some cash on hand ... more than I do now. My wife is turning into more of a prepper than I. She wants me to put some cash in the safe.

    Getting side-tracked again: I recommend that everyone have safes. You have your fire safe for your important papers and photographs. Gun safes obviously are great for your firearms. There are safes available that are large enough to store long-arms AND are fire-protectant. We also have battery backed-up electronic security.

    If your place is broken into while you are away, you simply can't allow your firearms to fall into the hands of the trash people. They are unable to control their behavior and often injure & kill humans. Constantly in the news.
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  10. poltiregist

    poltiregist Legendary Survivalist
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    As many of us expected , I heard this morning that the Feds. in the United States are planning to raise interest rates . What I found interesting is the Feds. claim they are going to do this to reduce inflation . Perhaps one of our members can explain to me how making things more expensive reduces inflation .
     
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  11. Old Geezer

    Old Geezer Legendary Survivalist
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    :confused::confused::confused::confused::confused::confused::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:o_Oo_Oo_Oo_Oo_O:D:D:D:D:D:D

    What is infuriating about this :mad: is that there are airheads who believe this sh##!

    ---------------------------

    The Fed wanted to slow down inflation at the expense of slowing down the U.S. economy.

    They will slow down the economy alright!!! Plus, this will be catastrophically ineffective in stopping inflation.

    The core reality about our economy is that all across this planet, nations and people have been starting to doubt the value of the dollar. Here's another question: How does one undo such a lack of faith when the U.S. government is being run by a puppet president and an anti-American deep-state. Would you trust an IOU written by a schizophrenic?! o_Oo_Oo_Oo_Oo_Oo_Oo_O That would be nuts ... if you know what I mean.
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  12. Old Geezer

    Old Geezer Legendary Survivalist
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    "Zoltan Pozsar Warns Russian Sanctions Threaten Dollar's Reserve Status"

    https://www.zerohedge.com/markets/z...ian-sanctions-threaten-dollars-reserve-status

    Quotes from the above article are in the color Blue:

    Over the weekend, the world gasped in shock when Western powers announced that the nuclear option would be used against Russia in retaliation for its invasion of Ukraine - sanctions against the country's central bank and targeted expulsions of key banks from SWIFT, a move which has effectively locked Russia out of the western financial system and left its vast oil export industry - a key lifeline for the Putin regime - in limbo. But the real reason for the shock is that this was the first time the global reserve currency was weaponized against a G20 economy, setting a clear precedent for how the west would and could respond to any other nation that followed in Russia's footsteps (something which China is clearly contemplating vis-a-vis Taiwan, and is carefully studying just how the west responds to Moscow),

    As a result, and following this week's dramatic freeze of the Russian central bank overseas assets, has prompted some to question just why countries build foreign currency reserves at all and, more broadly, whether the unprecedented western response to Russia hasn't jeopardized the dollar's reserve status.

    While a huge blow for Russia's economy, Reuters' Mike Dolan wrote that the move quickly prompted questions about whether targeting reserve holdings as an act of "economic warfare" may prompt a rethink by reserve managers across the globe - not least in countries that may be at loggerheads or face a potential conflict with U.S. or EU governments - over where to bank their national stash.

    It's a potentially huge issue for world markets given that central bank foreign currency reserves totaled a record $12.83 trillion late last year - a rise of $11 trillion over the past 20 years. This money is held mostly in U.S. and European government bills and bonds - with the U.S. dollar still accounting for almost 60% of that and the euro about 20%.

    To be sure, Russia has long been aware of the potential risk involved in holding dollars as reserves, and since the annexation of Crimea in 2014, Russia's central bank had steadily divested its reserves of most U.S. dollar assets. But the dollar, euro and sterling still account for more than 50% of its holdings, located in France, Germany, Japan, Britain, the United States, Canada and Australia.

    With Moscow and Beijing increasingly allied on the geopolitical stage and China refusing to either condemn the Ukraine invasion or join Western sanctions, China's yuan - currently accounting for just 2.7% of world reserves - may be one clear option for anxious reserve managers in Moscow or elsewhere.

    Berkeley professor and expert on world reserve management Barry Eichengreen reckons that of the two imperatives behind reserve stockpiling - to intervene or stabilize domestic markets or as a war chest against shocks, disasters or balance of payments crises - the latter may now be in question. "The main effect may be declining demand for reserves," he said.

    "If countries see reserves and foreign exchange management as less useful and available, then they will have to accept the inevitability of that their exchange rates are likely to move by more," Eichengreen added. "In which case they need harden their financial systems and economies against exchange rate related disruptions, for example by discouraging corporates from borrowing in foreign currency."

    That in itself could have a profound impact on world markets and on the model for emerging markets and developing economies

    But the most surprising take comes from former NY Fed staffer, current repo guru and Credit Suisse money market guru Zoltan Pozsar - who on any other day would be a stalwart advocate of the status quo - and who ominously said that the response to Russia may have set off a sequence of events in motion that eventually leads to the demise of the dollar as the reserve currency.

    Speaking to Bloomberg, Pozsar - who this weekend warned that the lockout of Russia from the global financial system could prompt central banks to aggressively pump liquidity to stabilize markets - said noted that wars tend to turn into major junctures for global currencies, and with Russia losing access to its foreign currency reserves, a message has been sent to all countries that they can’t count on these money stashes to actually be theirs in the event of tension.

    Pozsar, similar to O'Neill, argues that this recognition will encourage central banks to diversify away from the dollar, or try to re-anchor their currencies to assets that are less susceptible to influence from U.S. or European governments. As such, recent tensions could usher in a new monetary order in which countries are far less interconnected through international bank accounts and reserves.

    Speaking to the Odd Lots podcast, Pozsar said that “most FX reserves that exist in the world today are all forms of inside money, i.e. they are the liabilities of someone." As a quick reminder, and as we explained over the weekend, central bank deposits, bank deposits, and securities are all “inside money” - money and money-like claims that are someone else’s liability, and it’s situations like this when “outside money”, or money claims like gold bullion that are no one’s liability, is king, especially if stored in vaults domestically. Unlike balances at the Deutsche Bundesbank, western G-SIBs, or Euroclear, you control what you have.

    Echoing what he said over the weekend, Pozsar told Bloomberg that “whether you hold the sovereign debt of a country, or you keep a deposit at a central bank of a foreign country, or if you keep deposits at Western financial institutions, these are all forms of inside money that you don't control. Someone owes it to you. And these things can be sanctioned.”

    “If a central bank is in a situation like this and the currency’s under pressure, would it ever come to having to re-anchor your currency to something? Like gold? I think these are all questions that should be top of mind,” he added, forgetting to mention bitcoin and other cryptos, which an entire generation now views as digital gold.

    “I don't know if it'll come to that, but if things get worse, you could basically re-anchor the ruble to a pile of gold because you need an anchor in situations like this”, he said, echoing what we have said for years, namely that in case Russia wanted to truly extricate itself from the current "dollar reserve" world, it should unveil a gold-backed currency, one which is co-sponsored by the Chinese yuan, which would then also announce unveil it is becoming gold-backed.

    Others also share this dismal view: a few days ago, former Societe Generale strategist Dylan Grice who since founded Calderwood Capital, described the recent moves as a “weaponization” of money. “You only get to play the card once,” he tweeted. “China will make it a priority to need no USD before going for Taiwan. It’s a turning point in monetary history.”
    --------------------------------------------------

    Old Gzr: Oh and by the way, as international internet services get hacked, digital currencies will evaporate into nothingness.

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  13. Old Geezer

    Old Geezer Legendary Survivalist
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    "Carnage Everywhere As Market 'Begins To Break'"


    https://www.zerohedge.com/markets/carnage-everywhere-market-begins-break

    "There is no other way to describe today's market carnage than a market in turmoil where things are rapidly breaking as the sudden disappearance of Russia's "toxic" commodity collateral is suddenly sparking contagion and widespread liquidations."

    upload_2022-3-7_22-4-9.png

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    Silver:



    upload_2022-3-7_22-0-28.png
     
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  14. poltiregist

    poltiregist Legendary Survivalist
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    https://www.dailywire.com/news/bide...r-and-crack-down-on-national-security-threats As has been predicted and discussed on this forum those that seized control over the peasants of the United States are now making their move to throw the U.S. dollar in the trash bin and embrace their own created crypto currency made out of thin air . You will not be able to buy or sell unless you use the governments sanctioned crypto currency . Little doubt a scanner will be used to scan hands or foreheads for a mark verifying the governments permission to complete the transaction . --- This seems to be following Chinas credit system . Only obedient slaves to the government will be allowed to buy or sell . --- Creepy how this was predicted thousands of years ago .
     
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  15. TexDanm

    TexDanm Shadow Dancer
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    All of the people that voted for our current illustious leader should be happy. Inflation is rearing its ugly head again, Russia is going to try to reestablish the USSR and we are going to do NOTHING, he has turned his back on any ally that needed us, he hopes that by the end of next year to have us in a war...what more could a liberal ask for???
     
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  16. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    some people make lots of money in a war.
     
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  17. Old Geezer

    Old Geezer Legendary Survivalist
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    Some people make lots of money because of war.

    [​IMG]
     
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  18. poltiregist

    poltiregist Legendary Survivalist
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    The televised news occasionally speaks of the ongoing Cyber attacks by the pi--ed off Russian Government . So for nothing significant seems to have stuck to the wall . I am surprised that our banks are still up and running along with plastic card transactions . Likely though they will eventually break through and cripple the financial systems . It might be fun to watch the hysterical sheeple if suddenly they couldn't buy or sell . If this happens they couldn't even buy a tank of fuel to flee . ---- My little family group has already discussed the possibility of a collapse and our reaction if motorized transportation was suddenly jeopardized . The adult males for the most part work across most of the United States . They work a few months at a job and then move on . One has hung from helicopters on the end of a cable and dropped onto hot electrical lines running out of some of the biggest electrical generator plants in the U.S. wearing some kind of special suit . The point being , we are not a bunch of wimps . We have already calculated the possibility of having to walk hundreds if not thousands of miles to reach our survival retreat . As of now three are about 500 miles away and two 1500 miles away . A long walk indeed .
     
    Last edited: Mar 12, 2022
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  19. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    they were talking about the price of vehicle fuel on tv the other day, a large vehicle like some of the big SUV's it would cost over £100 to fill the tank, thats the trouble with sheeple they will run the tank almost dry before they even start looking for a filling station. in a SHTF situation they wont be going anywhere.
     
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  20. Old Geezer

    Old Geezer Legendary Survivalist
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    We Americans have had it easy in the realm of gas prices. Jimmy Carter screwed things up for a while.

    This international collectivist puppet-biden regime WANTS crisis situations. They imagine they can rape the Liberty out of us by sending-up fuel prices. For instance those controlling brain-dead biden are not EVEN going to allow more petroleum production here in The States. Allowing Russia and China to kill the U.S. dollar is also on the Democratic Party agenda.

    What they are going to get is open rebellion. People were angry, then furious. I think we all know that the next phase involves the spilling of blood. The limp-wrist liberals don't think it can happen; but then, they refuse to accept history's lessons. Heartlanders are not soft and they will return fire.

    We may not have to shut down electrical feeds to the communist urban sprawls. Looks like it will be Putin's programmers who will be going after the power grids here in the former USA.

    Due to Mother Nature's wrath, we have lots and lots and lots and lots of firewood here in the mountains. Got my chainsaw oil. Got me another extra chain. Better get another. Got one big limb down on my own property. My decrepit back is crying at these thoughts.
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  21. Old Geezer

    Old Geezer Legendary Survivalist
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    "The Ins and Outs of Whose Money is it Anyway?"

    https://tomluongo.me/2022/03/13/ins-outs-whose-money-is-it-anyway/


    "There’s been a massive reaction to Credit Suisse analyst Zoltan Poszar’s note about the birth of a new Bretton Woods agreement.

    "Every investor in the world should read it. Zerohedge posted (behind their paywall) a lengthy analysis of Poszar’s musing along with some reactions from Wall St. It is well worth your time.

    "The people most freaked out about this note are the Keynesians who worship at the altar of what Poszar calls Inside Money — money that only exists inside the financial system, bonds, credit, dollars, euros, etc.

    "Austrians, like myself, have always understood that eventually Inside Money fails because it is ultimately nothing more than a Ponzi Scheme built on top of Outside Money — money that exists outside the financial system, like commodities and bitcoin.

    "Poszar makes his early case and then goes through the mechanics of what is happening in the financial plumbing of the world economy right now to prove the stresses are real and building quickly towards an implosion of Inside Money and an explosion of Outside Money.

    "Again, anyone with a passing acquaintance with Austrian business cycle theory and Mises’ Theory of Money and Credit always knew this day was coming.

    "Today’s 'Inside Money' standard, known colloquially as the Dollar Reserve standard, is actually what I like to call 'Milton Friedman’s Nightmare.' It is nothing more than a system of competitively devalued and inflated debt-based scrips running around drinking each other’s milkshakes until everyone’s glass is empty."
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  22. Old Geezer

    Old Geezer Legendary Survivalist
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    Last edited: Mar 16, 2022
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  23. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    I dont see what non believers in YOUR religion have to do with finance.
     
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  24. Old Geezer

    Old Geezer Legendary Survivalist
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    So let's call it anti-religion, anti-individualism, anti- freedom to prepare for the coming financial collapse of the West.

    There will be no sweet little bucolic areas that are safe. All turf in the West will see mayhem. Anywhere a prepper lives, that prepper will have to have a perimeter or stand to lose that which they have stored-up. We will all be in positions where we could be in the line of fire and must be able to return fire.

    Even the "sitting-pretty" oligarchs are beginning to worry.

    https://www.zerohedge.com/geopoliti...ip-hopes-they-can-be-stopped-they-destroy-our

    "Chinese leader Xi Jinping gave explicit signals that he was a friend and partner of Russian President Vladimir Putin in the weeks leading up to Moscow’s Feb. 24 invasion of Ukraine. Now, with the invasion bogged down amid stiff Ukrainian resistance and much of the world on edge over the conflict, Xi has backtracked somewhat and contradicted his earlier stance by endorsing the efforts of European heads of states to make peace.

    "That’s according to billionaire philanthropist George Soros, 91, who set forth his views on the crisis in an op-ed piece on March 11.

    "'Russia’s invasion of Ukraine on February 24 was the beginning of a third world war that has the potential to destroy our civilization,' Soros wrote.

    "In his editorial, Soros contrasts Xi’s current stance with the extensive and cordial meeting between Xi and Putin on Feb. 4 on the opening day of the Winter Olympics in Beijing.

    "The upshot of that meeting was the issuance of a 5,000-word text announcing a “no limits” partnership between Russia and China.

    “The document is stronger than any treaty and must have required detailed negotiation in advance,” Soros stated, expressing his surprise that Xi could have been willing to grant such unconditional support for Russia’s designs on Ukraine, or, as Soros put it, “carte blanche” to invade and occupy the country.

    "Soros viewed this support as having emboldened Putin, a ruler who, as he approaches age 70, feels increasing pressure to make his mark on history, Soros states.

    “'Having obtained Xi’s backing, Putin set about realizing his life’s dream with incredible brutality,”\' wrote Soros.

    "More recent developments in Ukraine, where resistance to the invasion is fiercer and more determined than some expected, and support for Russia noticeably lower than Putin presumed, have prompted Xi to reassess his stance.

    “'Xi seems to have realized that Putin has gone rogue,' Soros observed.

    “'It is far from certain that Putin will accede to Xi’s wishes. We can only hope that Putin and Xi will be removed from power before they can destroy our civilization,' Soros concluded.

    "Earlier this year, Soros articulated his view that the year 2022 would be a 'turning point' during which the world would pivot decisively either in the direction of openness and freedom or of dictatorship and repression. He pointed particularly to the Chinese Communist Party’s growing aggression on the world stage, coupled with domestic problems faced by the regime."


    Old Gzr: Soros is a demon (turned-in his fellow Jewish believers during the Holocaust). When even the demons are afraid of the coming chaos, then matters are far beyond just "bad". No place to hide.
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  25. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    the sooner that human civilization collapses the better, humans-no matter where they live or under what rule- have become too predatory, too decadent, and too over populated, humans are destroying the planet with their activities all based on greed and wealth, now we have a war in Europe and goodness knows where that will end.
    we need a great reset, not the one Soros and others want but a reset that cleans out the gene pool and gets rid of all the freeloaders and criminals, I wont be sorry to see that happen, I detest the 21st century with its Woke snowflakes, BLM and Antifa and all the rest of them.
     
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  26. Old Geezer

    Old Geezer Legendary Survivalist
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  27. TMT Tactical

    TMT Tactical The Great Lizard ! Staff Member
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    Why would they not consider the Yuan? The west has been demanding everybody switch to renewable fuel. Saudi Arabia survives and thrives on the sale of fossil fuel. They need the world to continue using fossil fuel as long as possible. Besides sand, what else do they have to sell?
     
  28. poltiregist

    poltiregist Legendary Survivalist
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    We are begining to hear the sheeple's frantic bleating as the economy continues to collapse in the United States . This began the day the Democrats began their reign over the United States January 2021 . Ironic that the sheeple are the very ones that helped to put the deranged in control of their government . As preppers we can just sit back and watch them thrash about as they began to realize that for some they will not be able to afford to pay for a roof over their heads and find themselves homeless . Some will depend on the government to provide them housing but for others being homeless looters may be their future . Some go to their wiser relatives with their hat in their hand hoping they will let them live in the shed or basement . -- The newest Democrat excuse here in the United States is , it is all Putin,s fault .
     
    Last edited: Mar 18, 2022
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  29. Old Geezer

    Old Geezer Legendary Survivalist
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    Never imagine the Democrats to be the only daemons.

    Conservatism is better, yet far from anything Holy. The ONLY thing in this "conservatism" thingy that is of any true value whatsoever is the common-sense factor. I would have human nature be other than that which it tragically is, yet I am but a servant of The All-Knowing, The All-Wise, I am annihilated in the presence of His Eternal Will. I semi-know myself, yet I am head and shoulders above the herd. Humble. Whatever esteem lies in this state of mine melts in the presence of True Knowledge. My soul swims in the dark heat of the Lake of Humility.

    We now live in these Times foretold by all of God's Messengers.

    That which has been foretold by God's Prophets of millennia past, is now made manifest upon us the living in this monumental era. We beseech our ancestors to beseech God's Prophets to guide us.

    I do.

    Such is a grand station vouchsafed up0n us, yet how painful this. And more pain is to follow.

    “The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.”

    Isaiah 24:20

    "Fear, and the pit, and the snare, are upon thee, O inhabitant of the earth. 18And it shall come to pass, that he who fleeth from the noise of the fear shall fall into the pit; and he that cometh up out of the midst of the pit shall be taken in the snare: for the windows from on high are open, and the foundations of the earth do shake. 19The earth is utterly broken down, the earth is clean dissolved, the earth is moved exceedingly. 20The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again. 21And it shall come to pass in that day, that the LORD shall punish the host of the high ones that are on high, and the kings of the earth upon the earth. 22And they shall be gathered together, as prisoners are gathered in the pit, and shall be shut up in the prison, and after many days shall they be visited. 23Then the moon shall be confounded, and the sun ashamed, when the LORD of hosts shall reign in mount Zion, and in Jerusalem, and before his ancients gloriously"
    .
     
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  30. poltiregist

    poltiregist Legendary Survivalist
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    On televised news last evening it showed people standing in a line that stretched for blocks in New York Manhattan hoping to get some food . Nothing has been seen like this since the Great Depression . These people for the most part had jobs and some income but under the inflation that has now hit are struggling to buy food , pay utilities and for shelter . For some not being able to meet their financial needs has already arrived . For others desperate financial catastrophe is on their door steps .
     
    Last edited: Mar 19, 2022
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  31. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    yes. and I bet they all had widescreen TV's as big as the living room wall and they all had the latest smartphone.
    people have to learn how to budget.
     
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  32. Old Geezer

    Old Geezer Legendary Survivalist
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    "Japan To Spend Billions To 'Ease Inflationary Pain' Caused By Spending Billions"

    https://www.zerohedge.com/markets/j...se-inflationary-pain-caused-spending-billions

    "The government frames the economic package, to be compiled as early as Tuesday, as comprehensive relief measures. But critics - at least those who refuse or fail to see the real monetary elephant in the room - see them as a short-term remedy, especially as other countries tackle more fundamental changes on energy and other key economic factors in response to Russia's invasion of Ukraine.

    "To pay for the package, the government will request 2.7 trillion yen under a supplementary fiscal 2022 budget to be drafted by the end of the current parliamentary session. It will secure another 1.5 trillion yen from its reserve funds. Together with private-sector contributions, the entire package is expected to total 13.2 trillion yen."
     
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    1. TMT Tactical
      Governments never learn. When you are in over your head in a hole, stop digging.
       
      TMT Tactical, Apr 26, 2022
  33. Old Geezer

    Old Geezer Legendary Survivalist
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    I found the following to be a good read. I certainly do not agree with him on all points, yet his arguments are keen and not without their merit.

    What is so sad about how America as it has evolved is how far away it has strayed from the very principles upon which it was founded, i.e. decentralization of power and keeping our nose out of everybody else's business. I mean really, what is is to us if Europe collapses -- rather inevitable, that. America's treatment of Central and South American nations leaves me disgusted. From the get-go, America had everything to gain by making friends and business partners with our neighbors to the south. America's "leadership" blew those opportunities to hell. People making good wages and enjoying sacred Liberty do not turn to cancerous communism, nor do they put their trust in "benevolent" dictators. Empowering the citizenry to be able to work towards personal/family security and wealth brings with it spiritual and societal health.

    Well, whatever, here is that interesting read:

    https://mises.org/wire/decentralized-and-neutral

    "States, regardless of their constitution, are not economic enterprises. In contrast to the latter, states do not finance themselves by selling products and services to customers who voluntarily pay, but by compulsory levies: taxes collected through the threat and use of violence (and through the paper money they literally create out of thin air).

    "Significantly, economists have therefore referred to governments—i.e., the holders of state power—as stationary bandits. Governments and everyone on their payroll live off the loot stolen from other people. They lead a parasitic existence at the expense of a subdued and 'host' populace.

    "A number of further insights emerge from this.

    ...

    "The EU is a prime example of the aforementioned tendency towards territorial expansion and political centralization, with the resulting consequences: an increase in exploitative state measures and a corresponding growth in the parasitic state superstructure (keyword: Brussels).

    ...

    "In addition, the current EU, as a cartel of various governments, only holds together as long as the wealthier bandits, who can draw on a more productive 'host population,” above all the German governments, are willing and able to support their needier counterparts in the south and east, with their less productive 'hosts,' on a permanent and large scale. And all at the expense of local producers!

    "In sum, the EU and the ECB are moral and economic monstrosities. You cannot consistently penalize productivity and economic success while rewarding parasitism, waste, and economic failure without causing disaster. The EU will tumble from one economic crisis to the next and eventually disintegrate.

    ...

    "PS: Do the current military events in Ukraine require a revision or correction of the above analyses?

    "On the contrary.

    "First of all, it is not the Russians, the Ukrainians, the Germans, or the Americans who cause wars, but the bandit gangs that rule Russia, Ukraine, Germany, and America and who can pass on the costs of a war to the civilian population in question.

    ...
    .
    .
     
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  34. poltiregist

    poltiregist Legendary Survivalist
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    https://www.msn.com/en-us/money/mar...pc=U531&cvid=2f8f64455eb04a80a9b3ecae618c1790 --- The stock market is in a freefall today . I just received a phone call alerting me to this . The folks dealing with the market are considering shutting down wall street to stop the fall today with the hopes they can open back up on another day and things won't be such a disaster . The idiots here in the U.S. that thought raising interest rates would reduce inflation are reaping the results of their arrogant ignorance . It will be interesting to see what happens tomorrow .
     
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  35. poltiregist

    poltiregist Legendary Survivalist
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    Many loans have built into it whereas the lender can increase the interest on it somewhere during the loan . That means now with interest rates being increased by the federal government , many people may find their home mortgage going up . With fuel prices skyrocketing , food prices skyrocketing and now perhaps loan payments increasing it will spell disaster for many . All of this is being created by governments either through mental deficiency's or deliberate with a hidden agenda . A financial Armageddon for some is here . --- As desperate and perhaps homeless people increase , preppers will have to increase their vigilance . That bountiful garden may look tempting to a desperate sheeple .
     
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  36. Old Geezer

    Old Geezer Legendary Survivalist
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    It's not just that.

    Governments during raging inflation have "indexed debt".

    Many say, "If inflation goes mad, then I'll pay-off my debt with worthless fiat currency!" Oops, governments know this and wish to keep central banks from going insolvent. What to do? Governments bump-up your debt as their fiat currency becomes toilet paper.

    You say, "They can't do that!"

    Here's the deal. Whoever owns the guns makes the rules.

    In the young USA, banks began issuing their own script. Pennsylvania farmers / land-holders got into debt and thought they could pay the banks back with the banks' own script. Well, the banks' script went to dust, then the banks demanded that the farmers pay them back with U.S. dollars, i.e. actual silver. When bank representatives were sent to foreclose on the farmlands, many were shot dead. Thomas Jefferson approved. That's when he wrote about the Liberty Tree needing to be watered by the blood of patriots and despots.

    Aggressive bullies need to get shot dead.

    -----------------

    "Thomas Jefferson – Banks are more dangerous than standing armies."

    https://rightsradio.com/thomas-jeff...gerous-to-our-liberties-than-standing-armies/

    "When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe." Thomas Jefferson

    "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not." Thomas Jefferson

    "It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world." Thomas Jefferson

    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Thomas Jefferson

    "My reading of history convinces me that most bad government results from too much government." Thomas Jefferson

    "No free man shall ever be debarred the use of arms." Thomas Jefferson

    "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." Thomas Jefferson

    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson

    "To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical." Thomas Jefferson

    "Thomas Jefferson said in 1802: I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered."

    -----------------------------------------------

    Seems Thomas Jefferson knew human nature all too well. T. J. was a genius, true; however, his observations about how corruptible is human nature is known by all mature wise human beings. If a person gets to be old but still believes that centralized power doesn't corrupt those holding government office, then that person does not have much of a brain at all OR they have been living up on some mountain and never ventured out of their cave up there.

    .
     
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  37. poltiregist

    poltiregist Legendary Survivalist
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    I don't watch a lot of news on the tv because it is so full of lies . I like for my news to be real . So mostly I dig it out by computer . Last evening I did watch some tv news and saw where the U.S. Federal Reserve board " according to the news broadcaster " have gone into panic as they have discovered they weren't as smart as they thought and the U.S. is headed to a financial wreck . They appear to have now in their frantic effort to stop the financial abyss jacked up interest rates " again " , this time to a huge margin . So much for that soft landing they were touting a few weeks ago .-- The federal reserve boards plan to combat the run away inflation is " to make things more expensive " . -- I hope all of you guys have your preps in order .
     
    Last edited: Jun 16, 2022
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  38. poltiregist

    poltiregist Legendary Survivalist
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    --- Here is a link discussing a potential financial disaster on our door-steps .
     
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  39. poltiregist

    poltiregist Legendary Survivalist
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    https://www.msn.com/en-us/money/mar...pc=U531&cvid=3cd64a7ff4a1407cbc3efe8fc9dfde31 This link is a confirmation of the same thing that I posted on the second post above this one . The Biden crime syndicate is deliberately causing higher inflation . Their plan to make things better in the U.S. is to make them so expensive the little people will find they can not afford to eat or use electricity . Just my thoughts but I can't see how making things worse will make them better , then again I don't think like a U.S. Democrat .
     
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    1. Old Geezer
      Crime syndicate, OK, yes. However, these folk are America-haters. Simple truth, this.

      Their dictates are acts of sedition.
       
      Old Geezer, Jun 21, 2022
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  40. Old Geezer

    Old Geezer Legendary Survivalist
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    "CNN Analyst Suggests Inflation Is Needed To Achieve Green Agenda"

    https://www.zerohedge.com/markets/cnn-analyst-suggests-inflation-needed-achieve-green-agenda

    "As we have covered in the past here on ZH, the inflation/stagflation crisis is immensely damaging to the average person, with the threat of poverty and food shortages hanging over the majority of the population, but there are some people out there who see the crisis as a boon, specifically for the Green agenda and carbon taxation.

    "CNN economic analyst Rana Foroohar follows the bizarre line of thinking in an interview with The Ezra Kline Show, suggesting that inflation is needed in order to pave the way for a carbon credit based economy. She argued:


    “'...This is something that I think, unfortunately, no politician, particularly the Democrats right now in advance of midterms or a presidential election want to land on, which is some of the transitions to a kinder, gentler, I believe more stable, and ultimately more resilient economy, are going to be inflationary in the short to medium term.

    "'What’s the cost of something if you actually have a real price on carbon, and then you have to tally in how much it costs to tote it over tens of thousands of miles from the South China Seas? What’s the cost if you have proper environmental and labor standards? ...This is the conversation happening right now. And once you start pricing all those costs in, and you start really thinking of the economy in a different way, then yeah, it is certainly is inflationary...'

    "Foroohar then called on the U.S. and Europe to 'put a price on carbon.'

    "The analyst follows a relatively new trend among the political left and globalists in seeking to justify the existence of price inflation as a means to an end; the 'greater good' being the induction of Green New Deal-style legislation.

    "Some propagandists in the media claim that the inflationary crisis is an opportunity, while others try to claim that climate change is the direct cause of inflation, and if we don't accept carbon taxation then we will continue to suffer under an inflationary collapse. But we all know what the game is here: To use public fears of financial disaster to lure people into accepting authoritarian environmentalism because 'Prices are already high anyway, so why not?'

    "Perhaps it is no coincidence that inflation is being exploited by Green ideologues and globalists as an excuse for carbon taxes? Maybe that was the plan all along?

    "High prices in gas force the public into mass transportation and less independence (only rich people will be able to afford electric cars). The public will be priced out of meat in their diet and be forced into vegetarianism/veganism (laboratory produced proteins lack the fats and fatty acids the human brain needs from real meats to function properly). The public will be priced out of private property and owning a home, forcing them into mass housing systems. They will be priced out of most retail goods, forcing them to accept the “Shared Economy” model created by the World Economic Foundation. And, they might be priced out of the economy altogether, forcing them to accept Universal Basic Income and total dependency on the government, not to mention having a family would be impossible, so the population control agenda is served as well.

    "The inflation issue is a panacea, but only for globalists and Green cultists, which is probably why they can barely contain their excitement when discussing it."
    ---------------------------------------------------------

    Preppers often think of SHTF events as accidents or the result of human errors/stupidity. We must also consider that there are people out there who have lots of financial and political power who are intentionally pushing for SHTF events. There are those who plan on coming-out on top post-disaster events. Me, I believe that these planners are not counting on their planned detonations turning into apocalyptic detonations. Things never get out-of-hand, now do they! :D:eek:

    "We is jist gonna light-up this here field. Thay ain't no chance that it'll git over into them thar woods."

    Opening dialog in the story "Ricky-Bob Sets the Forest on Fire".
    .
     
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  41. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    The LEFT in the UK are Britain haters just like your American left hate America.
    the Left in Britain are all Europhiles and they all want to be governed by an unelected cabal in Brussels.
    the Right are patriots and love this country.
     
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