bluebird
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It’s been many years, decades perhaps, that a President has run the U.S. from the top. Maybe never. Most people still believe we live in a democracy too. Liberty and justice for all. Uh, no.
Ilargi said “The only thing that’s certain is that in the end, your money will all be gone.”
10/17/13 Slowly at first, then all at once
6/5/12 Fragility and Collapse: Slowly at first, then all at once
https://cluborlov.blogspot.com/2012/06/fragility-and-collapse-slowly-at-first.htmlSuch a sad and tragic event, the loss of so many lives, the loss to families and loved ones. The media has been quick to blame Russia/Putin. But perhaps it was not a missile, maybe a bomb? This leads to even more questions: who could have planted the bomb, was it timed to explode over the Ukraine?
jal says “SHE KNOWS …
There’s no money in the banks. There’s no savings. Its all a lie.”One day, the people will know that there’s no money in the banks, their savings is gone, they lied to us. I see lots of angry people.
Diogenes Shrugged said “When “we” have nothing left at all, the clueless will remain steadfastly clueless. Knowledge takes time to accumulate, and most people neither have the time nor the inclination. When we have nothing left at all, there will be no reaction other that the one we might expect from a two-year-old who lost his nipple. That being, for us ‘adults,’ “Why doesn’t the government do something?” ”
So true! Then they’ll blame everyone for not warning them, But we did, they just wouldn’t listen. 🙁
Sometimes people don’t act or react, until forced to. Example, we live near a small creek that usually is less than a foot deep, except during flash floods when it rises to overflow 6-7 foot banks plus merging into nearby ponds creating a huge lake, and flooding streets. Two weeks ago, there was a horrible flash flood. This time, the people on the north side of the creek got flooded in their houses such that they are having to remove carpet, throw away stuff and repair walls. On the south side, we were lucky, this time, but it was close.
It is now major purge time for me too. I ask myself, would I miss this if it got wet from a flood or blown away in a tornado? If not, purge it or give it away.Diogenes Shrugged said “I’m retired and spend over eight hours every day on the Internet, and have for well over a decade now. I send friends and family members select articles and videos, and do so sparingly (one link every few days). I receive no feedback except an occasional brief comment from just one recipient. Yesterday I was told outright that nobody has the time for my links. ”
Yep, could have been written by me. I’ve never received any feedback either, except to quit sending links. So I rarely send anything anymore. People are busy with their own priorities and interests.
@Cory – I think it is Chris Martenson that says that it is always better to be a year or more early, than a day late. The extra years gives more time for preparations and learning new skills. No one that I know has even read the Lifeboat primer. I want to think that what I have read at TAE and other forums, has increased my knowledge that will be able to help others when the time comes.
Unfortunately, people have different priorities. I can’t change anyone else to be what I would like, I can only change how I relate to them. If that is so difficult now, what’s it going to be like in the future when we will need strong relationships to survive.
@dkopriva – Sometimes, one has to ‘move up’, because the house is running out of room to hold all the stuff that people buy and collect nowadays.Guess that indicates one has too much stuff.
Cory, I feel your frustrations. Within my circle of family and friends, no one believes there will be anything like a 1929 depression in their lifetime. It is still buy, buy, spend, spend, use credit cards for what you want now…even at McDonalds! How silly is that? They must have this or that newest techie gadget, and more stuff for their expensive hobbies. How long can this go on when it seems prosperity has continued far longer than anyone could have imagined.
As far as owning a house, is it really cheaper to own than rent? With owning, there are ever-increasing property taxes, maintenance/repair costs, yardwork costs, re-decorating costs, and buying more stuff to fill up the house. All of these expenses plus a mortgage, seem to be higher than renting to me. Unless one is able to pay cash for the house.
Perhaps you and your spouse can make a list of expenses of renting vs owning. Think of everything you can…you might need a new roof, new furnace, new water heater, new appliances, etc. Or another suggestion, instead of a house, get a condo. But with a condo, there are association fees. There are no easy solutions, wishing the best that works for you and your family.
What is normal? What is crazy? I had thought I was normal, but I’ve had people tell me I’m crazy. People younger than 50 likely think this bubble world is normal because that is all they have known, but us older folks remember differently. I guess being normal or crazy depends on one’s life experiences.
Of all the places, an old photo of Urbana, Ohio today. It’s not far from where I live, maybe 25 miles. We took a short trip there only a few weeks ago. It is always interesting to see what was then in the photo, compared to what is now.
Great essay today too, really causes one to reflect what we can do better. But for many people in today’s bubble world, it appears the main priority is to buy, buy, buy. That is all most have been conditioned to live for their entire lives. Thus they don’t understand why they should do anything different.
The bigger this bubble grows and the longer it continues, I see more people who believe that it will never burst. Now that is scary.
steve from virginia said “Same for the rest of Europe, btw. It’s us or the toys, there is no other way.”
And the United States too. Cars, cell phones, TVs, and computers
Other than my ‘Sealy’ bank and in the ground, where else can people store extra cash? Are Short Term Treasury Bills still a viable option?
@Variable – I agree. While electronic money is easy and convenient, cash is tangible. Swiping a credit card buying stuff at Target has now compromised over 70 million people’s personal info. And who can forget the multi-week bank holiday in Cyprus where there weren’t any electronic transfers, but people could get a bit of cash from the ATM.
Raleigh said “if you do have a house, eventually you will be taxed out of it.”
This worries me a lot, as our property taxes are already quite high. Plus there is maintenance that never gets any cheaper.
@John Day – Nice article. But what I have found is that people who have not yet opened their eyes to the global Ponzis, are not receptive to powering down. And they won’t willingly powerdown, until they have no other choice.
Most people around me are still not paying attention. They still have their paychecks, their pensions, their cars and houses, and buying the latest gadgets for Christmas. These people are still living in bubble world, and it is still great. It will only be when the big bubble busts that they will start hurting, not before.
Dmitry Orlov had a similar posting in 2012 where he compared the collapse to an old bridge…
6/5/12 Fragility and Collapse: Slowly at first, then all at once
You see, predicting that something is going to happen is a lot easier than predicting when something will happen. Suppose you have an old bridge: the concrete is cracked, chunks of it are missing with rusty rebar showing through. An inspector declares it “structurally deficient.” This bridge is definitely going to collapse at some point, but on what date? That is something that nobody can tell you.
more…
https://cluborlov.blogspot.com/2012/06/fragility-and-collapse-slowly-at-first.htmlWe are living in a huge giant financial Ponzi bubble. When it bursts, I think we could expect that most everything could deflate quickly because just about everything globally is financially intertwined. Pensions too. I don’t see how any pension, public or private, will be spared.
Poof, and it’s gone.
Variable, you’re not alone. It is very difficult to walk away entirely. Perhaps you could take a month or two of vacation to learn some new skills, or if permissable to work part-time. Most of us likely feel we are living in two worlds trying to cope with what is coming while being surrounded with people who are totally clueless.
I haven’t noticed anyone tightening up on anything. It is still spend, buy, spend some more, go more places, eat at more restaurants. And rarely do I see anyone use cash, most people use credit cards. The Ponzi bubble, when it implodes, will be epic.
@Variable – I have the same concerns. From where I am sitting, no one ever discusses the collapse of ponziworld nor the fear and panic that will most likely come to many people.
It seems that a major event needs to happen first to get people’s attention before they might become open to hearing us. But I welcome any ideas for suggestions when that time comes.
Variable – How does one use the private vault service? I assume you take cash to store in their vault. The idea sounds plausible. But how close is the vault to where you live? Can you walk to the vault to retrieve your money? If the vault were far away, what if there is no gas to drive or fly there, or for them to deliver your cash to you via armored vehicle? Just thinking, I’ll need to read more about this alternative service.
south ozzie – We have all felt those feelings of isolation and despair. It is not easy to get loved ones to connect the dots. Years ago, I often talked about what is coming, what needs to be done, but no one has listened. They have other priorities. And I learned…we cannot open their eyes and ears, that is something they need to do on their own. Unfortunately, they may not until it is too late.
In the meantime, continue to read and gain information, learn practical skills, and stock up on everyday items that most likely will be in short supply. When this global financial Ponzi bubble implodes, the people around us will need a lot of love and support, and with our knowledge and skills, we will be in a position to help and guide them.
FWIW, it is not the amount that can be earned in interest, it is saving the principal. Divide up the principal and spread it around to several banks and/or credit unions, and a few secure places in your home.
Ilargi said “So when this plays out, what should Bernanke do, taper or go full throttle forward?”
It is rumored that Bernanke is leaving this year. I think he will want to keep his legacy intact and will leave sooner rather than later. So it most likely that his replacement will have to decide what to do. Either option won’t matter, it will all collapse anyway.
Ilargi said “Globalization is sort of harmlessly alright when it’s limited to stereo’s and fancy cars and phones. Those things you don’t need in order to survive. “
Unfortunately, many people today think that is the only way to survive. They’ve lived most of their lives that way and think it is normal and can’t or unable to see anything different.
Must be why the markets are ramping to the moon so the insiders get out the most profits before the system declines
3/19/13
The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.
“Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand – a solution that will see small depositors lose some of their savings to fund big bank bailouts,” said Green Party Co-leader Dr Russel Norman. “The Reserve Bank is in the final stages of implementing a system of managing bank failure called Open Bank Resolution. The scheme will put all bank depositors on the hook for bailing out their bank.
“Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat. “While the details are still to be finalised, nearly all depositors will see their savings reduced by the same proportions.
Ilargi said “Something doesn’t add up here.”
It seems as if the powder in the keg has been ignited. The cat is out of the bag. Things are being set in motion. BUT no country nor bankster nor politician wants to be blamed for the crash.
So it will be the people everywhere in the world running the banks for their money. Of course there is not enough money for everyone, so it will be the people who will crash the markets trying to get their money out of the banks. The people will be blamed for the crash.
