Expect Recession in 2013

This is being reported by a left-leaning, Obama praising media organization. 

Tangibles
Prepare
Pray

Debt Ceiling Eliminated

Well, not yet....but it is coming.

Now, if he thinks this will solve the problem he is more of an idiot than I thought. The rest of the world will see that we are fiscally irresponsible (which they are starting to believe) and will sell off any dollars they hold. If that happens the trust in the USD will drop like a rock. You will see runs on banks, but that will be too late. We will head into a hyperinflation where we will be seeing prices changing daily or even every few hours. Look at Zimbabwe, or Wiemar Republic.

Tangibles
Gold
Silver
Food
Ammo
Real Estate

This Is Bad

Well, my teenagers say that math sucks. I disagree. Math when done properly tells the truth. I bet that Spend More Ben is thinking that math sucks though as he tries to figure out another way to offset the truth. It cannot be done as the math will always win.

The UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT came out today. The seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week's revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week's revised average of 372,000.

Now, they claim that it is because of the Superstorm Sandy. I call B.S. on that. Sure it probably accounts for some of the claims, but I would bet that the majority are from the claims that had been "back-logged" from the few weeks before the election.

Watch these reports through the end of the year, if they continue to decline or plateau, watch how the market reacts. 

Hold on!
Prepare
Food
Pay off bills
Silver

Are You Prepared?

Now, we all presume that Obama has stolen, err, won the election, but are you aware of what is to come?

Also if you don't think there was voter fraud.... it seems that there was 141% voter turnout in St. Lucie County, FL in the Allen West vs. Patrick Murphy contest. Makes you wonder how there was a greater than 100% turnout, huh? And even if there was a 100% turnout, that would still raise suspicion. When was the last time you EVER heard of a 100% voter turnout?

Now take this statement made by Valerie Jarrett...

“After we win this election, it’s our turn.  Payback time.  Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay.  Congress won’t be a problem for us this time. No election to worry about after this is over and we have two judges ready to go.” 
-WHITE HOUSE SR. ADVISER VALERIE JARRETT DAYS BEFORE THE 2012 ELECTION.



Prepare

Food

Ammo

Weapons

Mindset

Tangibles

It has been a while since I have posted anything. I have been busy with personal things here at the homestead.

I have still been staying in touch with what is happening economically though as well as the slow takeover of countries by the radical Islamic groups like the Muslim Brotherhood. I will post about some of this later, but first here is a video (28 minutes) that is worth watching. Peter Schiff has been correct about many things over the years, and I'm afraid that he is spot on in his thoughts. http://youtu.be/NngxJz2aBqg

Watch Your IRA, 401K Plans

The government has talked about taking over your 401k in the past. You say it can't be done? Of course it can, in fact it has been done in other countries, and, well it seems to be happening in Ireland.

Here is the announcement from the Treasury Department for the meeting held last September. Here is the agenda, so you can see who the speakers were.

Has it been done before now, well glad you asked. It was done in Argentina! Remember Argentina was once the second largest economy in Central America and if I'm not mistaken was in the top five economies in the world at one time.

Watch your money close. You may wish to put your money into something tangible and keep it under your mattress.

What Is Silver Worth?

We all have read about how JP Morgan is manipulationg the Silver market, how the silver to gold ratio historiclly has been 16:1 and it is now 35:1, but moving closer to the historic mark and how silver is going to be worth more than gold because it it is limited and running low due to all the industrial uses. But again I ask you, how much is silver worth? Some might say that it is like anything else, it is worth only what someone will pay for it. That is true, but silver will always be wanted by someone, so it is different from, say a knife or a lawnmower. Silver has been and always will be wanted by somebody, that is why they call it a precious metal.

I look at it this way. If you have a dollar bill from 1962, it is worth today the same....$1.00. If you have 4 quarters from 1962, they are worth today over $31.00. If you have ten dimes from the same year, they are worth today the same as the four quarters, over $31.00.

I would say to you, how much do you think silver is worth....to you? That might be the better question. I will tell you, I own silver and plan on getting more.

What Are The Central Banks Telling Us?

Central banks around the world are dumping the reserve currency, the U.S. dollar, and investing in gold and silver. They see the writing on the wall and don't like what they are reading. Precious metals have been increasing due to the uncertainty in the world and due also to the gigantic U.S. debt which continues to increase.

I believe it is not too late to get into silver and gold. I feel silver will increase more than gold from a percentage standpoint. Watch for dips and get into some precious metals as a hedge against inflation, which is coming....or should I say it's here, but more is coming.

We Are Doomed If This Continues

The U.S. Treasury is depleting its cash at an accelerating pace, drawing down its cash balance by $81.6 billion in the just the first four days of March, leaving the federal government with only $108.9 billion on hand, according to the Daily Treasury Statement released Monday afternoon.

At the beginning of February, the Treasury had $349.1 billion in cash on hand, but spent that down by $158.5 billion during the month, ending February with only $190.6 billion on hand.

Were the government to continue to draw down its cash balance at the $20.4 billion-per-day rate that prevailed in the first four days of March, it would spend its way through its final $108.9 billion in little more than five days.

Under current law, the U.S. Treasury may only run the national debt up to $14.294 trillion. At the end of February, according to the Treasury’s Monthly Statement of the Public Debt, the total debt subject to this legal limit was $14.142331 trillion—just $151.669 billion short of the limit.

Had the Treasury not spent down the $81.6 billion in its cash balance in the first four days of this month and borrowed that money instead, it would have significantly reduced its remaining legal borrowing authority.

For the Treasury to borrow more than the current $14,294 limit, Congress and President Barack Obama will need to enact new legislation authorizing the Treasury to increase the national debt up to whatever new limit they find agreeable.

The Treasury’s largest single expenditure in the first four days of March, according to the Daily Treasury Statement, was paying off maturing debt. During those four days, Treasury paid $128.477 billion to redeem old bonds. At the same time, it borrowed $133.196 billion by selling new bonds.

People wake up. We are sliding down the mountain faster than ever. Just in the month of February 2011 our defict was greater than the entire yearly deficit in 2007. That was just four years ago! Where will be in just another 4 months or 4 years? Get some GOLD and SILVER. Even at todays prices it will seem like a bargain in the future. I would not be surprised to see 1oz of gold to be able to purchase a nice home in the future.

Silver...Buy, Buy, Buy Before It Goes Bye, Bye, Bye

Silver may be the best buy when it comes to precious metals. You should consider getting some before it is too late.



Like I said, you better get some before it is too late, read here.

Prepare like there is no tomorrow, because someday there may not be a tomorrow like there is today.

Silver $500 per Ounce?

I said silver, not gold. Well Max Keiser thinks it could reach $500/oz. Listen to the first ten minutes of this video.

The Federal Debt Doubled In 5 Years

http://dailyreckoning.com/how-to-double-the-debt-in-5-years/

The above article is truely an eyeopener. Take the time and read it, but for those that don't like to read, I'll highlight a few snipets out so you can see the trouble we are in.

12/22/10 Tampa, Florida – As a paranoid and angry lunatic, I am always nervous and on the suspicious lookout for subtle signs of danger that I know are all around me because the foul Federal Reserve has created, and is still creating, So Freaking Much Money (SFFM), which means that the terror of ruinous inflation in prices is a dead-bang, take-it-to-the-bank, guaranteed certainty.
And there is no telling what people will do when faced with both the ruinous deflation of the value of their assets and the unbelievable, catastrophic inflation in the prices of food and energy that seems so sadly certain, which is a nice phrase if I do say so myself, conveying, as it does, a sense of resigned melancholy instead of my more usual hyperbole of anger, hatred, betrayal, outrage and thirst for revenge against the treacherous Federal Reserve for creating so much excess money and against the corrupt Congress for allowing it!
Unfortunately, this is not about how I have the lyrical soul of a poet, but about how these people are the same average idiotic Americans who have, for more than half of the last century, been electing and reelecting Congresses that have enacted huge, growing, cancerous budgets that deficit-spent a gigantic $14 trillion in new national debt – a sum equaling GDP!
And these same disastrous weenies have borrowed and deficit-spent more than half of that $14 trillion national debt in just the last 10 years! And now they are on track to double the debt again in the next 5 years! Gaaah!! We’re freaking doomed!
Doug Noland in his PrudentBear.com commentary does not mention this kind of mental and fiscal insanity directly, much less leading to the Hysterical Mogambo Conclusion (HMC) that we should be frantically buying gold, silver and oil in a frenzied, single-minded panic.
Instead, with the calm and dispassionate objectivity of the classic reporter, he notes that the latest Federal Reserve Z.1 “flow of funds” report shows that “This year will mark the second consecutive year where federal borrowings will have actually expanded more than the growth of total Non-financial borrowings. Nothing similar to this has happened in the post-WWII period.”
Yow! This is the kind of “danger signal” that I am talking about!
The actual figures are that in just the last 9 quarters, which a little over 2 years, “total federal liabilities” exploded by a whopping $4.013 trillion, which increased the national debt by 60% in those aforementioned Two Freaking Years (TFY)! TFY!
Even more astoundingly, “After doubling mortgage Credit in less than 7 years, our system is now on track to double federal debt in about four years.” Gaaahhhh! I thought it was 5 years! I scream anew in outrage and fear! Gaaahhh!
Suddenly, I am screaming in fear, but at the same time I am watching, as if in an out-of-body experience, little specks of spittle fly out of my mouth as I am screaming, and I am thinking to myself, “That’s the problem with linear thinking! If I pursued a career of fame and fortune as The World’s Fattest Man (TWFM) and weighed in at 1,500 pounds, can I actually double my weight in 4 years to 3,000 pounds? And then 4 years later double my weight again to 6,000 pounds? And then again to weigh 12,000 pounds?”
The answer is, obviously, “Not without a lot of tasty grub! Hahahaha!”
Fortunately, speaking of tasty grub calms me down enough so that I can read that the report also showed that combined local, state, and federal expenditures were up, and still totals about half of our $14 trillion GDP, even though the federal government borrowed and spent a whopping $1.8 trillion in the last 12 months, which may explain how Total Compensation increased 3.0% in the last year, rising to $8.03 trillion, which seems paradoxical since unemployment, at an “official” 9.8% and (according to John Williams at shadowstats.com) is unofficially 22%, is a Big, Big Problem (BBP).
Even more surprising was that Household Assets increased $1.2 trillion to $68.8 trillion, while Household Liabilities were $13.9 trillion and did not increase much because, I assume, people did not spend a lot of borrowed money in the last quarter.
The report handily subtracts liabilities from assets and concludes that that Household Net Worth increased $1.19 trillion during the third quarter, rising to a surprising $54.9 trillion, which is almost 4 times Liabilities, thus everything should be peachy keen and couldn’t be better except for, you know, that pesky unemployment thing.
If you believe that, then you will not be interested in the Mogambo Big Plan (MBP) to buy gold, silver and oil as protection against the roaring, catastrophic inflation caused by the Federal Reserve creating so much money, and the federal government borrowing it and spending it.
And to tell you the truth, I don’t know whether or not I believe any of it, and I only follow the Mogambo Big Plan (MBP) because it is fool-proof and so easy that I giggle with childish delight, “Whee! This investing stuff is easy!”
The Mogambo Guru
for The Daily Reckoning

Silver and Gold, Silver and ....

Silver is what JP Morgan is asking for for Christmas. Seems they have been playing a game with us and they are losing. The seem to be a little no a lot short on physical silver. This video explains a lot.