tag:blogger.com,1999:blog-8939666320943790100.post4911004300748813593..comments2024-02-11T01:14:21.904-08:00Comments on SURVIVING IN ARGENTINA: This is why I write:FerFALhttp://www.blogger.com/profile/07578136334334588454noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8939666320943790100.post-43594286277942957922009-08-12T21:49:43.596-07:002009-08-12T21:49:43.596-07:00The reason why inflation hasn't kicked in is b...The reason why inflation hasn't kicked in is because most of the porkulus money is still in the banks, it hasn't entered the "real economy." <br /><br />It's not in circulation, it's some number on a computer screen. People aren't borrowing money right now so the money is just sitting in the banks. The only money that has entered the real economy from the stimulus has been like stimulus project money paid to workers and cash for clunkers, etc...<br /><br />When people start borrowing again, THEN inflation may hit and the fed will raise interest rates to get people to stop borrowing so much... but even with those tools inflation could occur. <br /><br />it's not a matter of if the money gets into the economy, its just a matter of when.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-36490917217180745472009-08-11T17:48:30.415-07:002009-08-11T17:48:30.415-07:00Jedi, what people don't realize is that the sp...Jedi, what people don't realize is that the spears were always there, they were just hidden by the swamp. The government simply drained the swamp. They bought SOME time, a tiny bit of time. The outcome is the same, but this way Americans don't wake up one morning and find their bank's windows boarded up and cops saying that all the banks are closed, and if you've got money in them tough shit. That's what happened in Argentina. The pain will be just as bad or maybe even worse, but it will be less of a shock. <br /><br />Does this mean the bailouts were good? Of course not. What it DOES mean is that they put off the day of reckoning so that people could prepare. Anybody who has read Gillian Tett's book Fool's Gold about the crisis, where they were all wondering how to keep the banks open and what to do if there was a sudden run, will appreciate it. <br /><br />They were wondering how to feed the American people. Imagine waking up and there's suddenly no more food at all. That's what we were talking about. I'm sure a few would have survived, but very few, not including the Rawles followers. This way, we at least have enough people survive to restart society.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-13700129360132792792009-08-11T09:14:01.995-07:002009-08-11T09:14:01.995-07:00My situation was nothing even close to as bad as w...My situation was nothing even close to as bad as what those kids in Argentina went through, but I grew up in what for America would be considered a "disadvantaged" neighborhood. It's a whole different mindset when your food, your clothes and maybe your family aren't guaranteed to be there. You look at your situation and think "how can I get through this?" and then if you have time and safe space to ponder, you think about what effect your actions will have on other people. <br /><br />I don't do things like rob and loot because a church group got ahold of me when I was 7 and taught me something about a better way to survive and have hope. If you have that hope that there is some purpose to your life and some chance it will matter, you are less ruthless. A lot of the kids I grew up with were dead before 30, in prison, or had abortions and kids they couldn't even account for who either got taken by the child protective services or farmed out to relatives. They didn't have a reason to do anything but survive. <br /><br />Maybe somehow that information will be useful when stuff starts hitting the fan in earnest here. Given people hope, treating them with decency even if you can't provide for their needs still matters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-89531374465260492562009-08-11T07:58:57.004-07:002009-08-11T07:58:57.004-07:00Things are getting worse all the time in USA. Unem...Things are getting worse all the time in USA. Unemployment rising, opportunity dwindling. Our fate is not our own, now. We are living in a twilight between the past which we dream of returning to, and the future which we cannot bring ourselves to face. <br /><br />Our creditors (China) will decide when to pull the plug on us. In truth, they are already moving away from us and anyone who thinks they are our friends is going to suddenly learn the real golden rule: <br /><br />He who has the gold, makes the rules.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-60498437494082063482009-08-11T05:13:55.710-07:002009-08-11T05:13:55.710-07:00It's hard to believe, but they're still pu...It's hard to believe, but they're still pumping out subprime loans. This time it's "ginnie mae". Politics trumps common sense every time.<br /><br />http://online.wsj.com/article/SB10001424052970204908604574334662183078806.htmlBonesnoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-83235774188947895222009-08-10T20:44:41.324-07:002009-08-10T20:44:41.324-07:00If you think that those bailouts were a good thing...If you think that those bailouts were a good thing, you're crazy. <br /><br />It's like we were about to go off a cliff and land in water, but the government said, "Wait a second. Let us remove the water and place some sharp spears at the bottom instead. While we're installing the spears for you to land on, you can use that extra time that we've given you in order to prepare. You're welcome."<br /><br />Stop listening to the propaganda on TV and start thinking for yourself.Jedinoreply@blogger.comtag:blogger.com,1999:blog-8939666320943790100.post-27680121829222397812009-08-10T16:59:45.455-07:002009-08-10T16:59:45.455-07:00A LOT of American survivalists have a deeply wrong...A LOT of American survivalists have a deeply wrong idea of what will happen post SHTF. In their minds, yeah there's chaos, but in the end our founding documents get restored and a new era begins. It's very much based on the Bible. In real life, it doesn't get better, it gets worse, and civilization just spirals into the ground. <br /><br />There's a lot of grousing here about the big bailouts for the bankers, but it's clear to me that without the bailouts the banks would have disappeared and we'd be like Argentina. In fact a major major wealth guru was predicting an Argentina situation here way back in 2004 and 2005, when it was clear that the debt bubble couldn't be sustained. <br /><br />I still think it will eventually happen, maybe a "soft crash" where the economy slowly deflates, but the politicians bought the average guy a few more years to prepare. The middle class here can still get their shit together and be ready and not left hanging like in Argentina. There's no excuse now.Anonymousnoreply@blogger.com