Three To Get Ready
Three important items to review and ponder over the weekend.
First and foremost, if you haven't read this yet, I suggest you drop everything and do so right now:
A lawsuit such as this one could easily bring about the total destruction of the Comex/LBMA-based, fractional bullion banking system. Perhaps someone can reach Andy Maguire and see what he thinks. ![]()
Next, a little homework. Knowing what we now know about rehypothecation, please go back and read this:
Surely there's a loyal Turdite who has a savings or checking account with BoA. Perhaps someone even has a brokerage account there. If so, please review your account documents to see if you can find anything about rehypothecation of your money market funds or even your general savings. It may not matter much as the Merrill Lynch subsidiary almost certainly has rehypothecation "language" in their account documents. In any event, BoA account holders would be wise to follow very closely the continuing MF global saga.
Lastly, I need a little help. In building out the TurdMart, we added a "preparation store" as a one-stop portal to Amazon for your prepping needs. To begin with, we've added links to all the stuff I could think of.
http://www.tfmetalsreport.com/preparation-store
What have we missed? What are the most important home preparations that you think you can make for the future and why? If you could pick one product that could most help you prepare for the future, what would it be? Any and all suggestions will be considered.
Thanks again for another great week. Get some rest and relaxation. If you think this week was crazy...well, you ain't seen nothing yet. TF


Comments
errrr....first?
Amazing week, and some quality Turd commentary which has been much appreciated. I'm guessing Monday morning the markets will take Europe to the wood shed for a serious whipping. Possible sell-off of the UK to go with it, so lots to look forward to.
http://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-bank...
Incarcerate
Incarcerate Corzine
by Eric Fry, DailyReckoning.com:
If wishes were horses, beggars would ride, according to a 16th century British proverb.
Continuing that logic, if wishes were $1.2 billion of missing client assets at MF Global, the company’s former CEO, Jon Corzine, would not be a criminal. But alas, wishes are neither horses nor missing client funds…so beggars don’t ride and CEO’s that “misplace” $1.2 billion of client funds are criminals.
Does Corzine deserve his day in court? Absolutely. Let’s give him several days in court…after which let’s give him several years in jail.
Perhaps there is a legitimate defense for Corzine’s overtly indefensible act. But we pity the poor defense attorney who has to come up with that one. In the heavily regulated, frequently audited and continuously marked-to-market world of broker-dealer operations, $1.2 billion does not simply “go missing”…and if it does, the CEO absolutely, positively knows about it, if he did not directly authorize it himself.
Read More @ DailyReckoning.com
Thurd?
Thurd?
Here's a great product
Ultimate Meal
http://www.betterlife.com/prod_home_page.asp?prod_id=9025
Stores easily for a couple of years. Mixes well with fruit, water, juice. I highly recommend it.
Denial of Knowledge
The blood in my ears boiled out of my head when "Don" Corzine actually had the audacity to say that he had no knowledge of how the money from tens of thousands of clients and 1.5 billion in supposedly segrated money just disappeared. Does he think that we are stupid enough to believe that while his firm was collapsing, under their own bad prop desk decisions in the months leading up to their filing, he just stood around in a vacuum blythely doing nothing? He made this decision months before it happened....it was their plan "C"....but he pulled the trigger. Every Accounting System in a big corporation has layers where each decision makers, based upon their approval level, has to sign off. He may try to say that he has a "Denial of Knowledge"....but not one of his client's are buyin it. This lawsuit will go no where and "Don" Corzine will be the Treasury Secretary for OBummer's Second Term....
Grain Mill - Country Living
http://countrylivinggrainmills.com/
I believe this to be the best, most durable, most versatile grain mill for the prepper who needs flour for family and a few friends. A mildly handy person can quickly rig up a washing machine motor to automate it. Automated, it will grind enough for many people. It grinds exceeding fine on the first pass using fully adjustable, lifetime warranted hardened steel burrs.
Under $500.00
I spent a bit more because I bought 2 full sets of replacement parts and all available accessories. The handle extension is really the only "must have" accessory for those who intend to operate the mill manually. The body is ceramic powder coated aircraft aluminum for both strength and light weight. It's still a hoss :). Sealed ball bearing construction for all moving parts.
I've got 6.8 tonnes of wheat stored in olive barrels in the shed and this thing will grind all of it without wearing out.
One of the few purchases I've made in life with no regrets.
Tactical Bacon!
Just found this at the TFMR store. Go check the store out, you never know what's in there.
Like this Tactical Bacon for instance.
Does Eric O' or Xty know of this?
A home beer making kit or whatever they're called could be vital. Lots of bartering possibilities and possibly just necessary to numb yourself out from whatever lousy situation might necessitate needing provisions in the first place.
A beer sounds pretty good right now.
Like She Saw A Ghost
After all this weeks commentary and reading, Mr. Hyde decided it was time to clean out his small but precious savings/emergency account and convert most of it to physical. It was amazing, I went to my local bank today, sat down with a personal banker, asked her to pull up my accounts, verify what I had in savings, then I asked her if she could go get $9,000 of my savings in hundreds for me because I didn't want to be seen at the front of the line being handed all those hundreds.
She looked like she saw a ghost, after collecting herself, she said is something wrong? Did we do something wrong? I said you didn't do anything wrong darling, but honestly I simply don't trust my hard earned dollars here or any other back at this time, could you please get me my nine grand? She said we only have five grand on hand...our policy. She asked what I was going to do with it, I said I'm buying gold, you should probably consider doing the same, you can imagine the discussion that followed. Eventually she got me my five grand, I asked her to have the other four ready for me to pick up first thing Monday. Another five grand next Friday and so on.
Quite the experience, you should try it, if for no other reason, for a few laughs...except the shits that's gonna hit the fan isn't really that funny.
BTW Turd, thanks for all you do!! You are the man!!
I'd round out my shopping
I'd round out my shopping cart with;
batteries, LED flashlights, twine, a KA-Bar knife, duct tape, first aid kits, iodine tablets, masks, lighters or water proof matches, socks (lots of socks), thermal underwear, boots, coats, knit hats, and a partridge in a pear tree.
Not sure if Amazon sells prescription strength whiskey pain killers or not tho.
Another thought;
OK, If governments are finding that they have had all power wrested away from them by the credit default swap card, then;
the getting those damnable things under regulation, plus this hypothecation mess needs to be unwound. We then sacrifice a blokerage (Intended) to trigger the push of the regulations into political viability. Dragging all resistance into the barn kicking and screaming.
To get the constitution back onto decent footing we pass a stupidly obvious and scary law to get the populaces ire up. Not only that we awaken the people to get the personhood of corporations quashed.
Could someone be so tricky as to do that?
A few Amazon items I've
A few Amazon items I've picked up recently:
40 Channel Cobra CB radio:
http://www.amazon.com/gp/product/B00083KUVS
All American pressure cooker:
http://www.amazon.com/gp/product/B0002803O8
Coleman hand-crank radio & LED lantern:
http://www.amazon.com/gp/product/B00168OD6C
LED headlamp because you really need both hands when milling about in the dark:
http://www.amazon.com/gp/product/B0007Q3R3E
And let's not forget the SUN OVEN, also available on Amazon:
http://www.sunoven.com/
I've found it much less expensive and actually pretty therapeutic to prep your own long-term storage. USA Emergency Essentials will sell mylar bags & oxygen absorbers. All you need are five-gallon buckets and your food contents of choice. Sam's has great deals on different varieties of rice, beans & pasta. I even mylar bagged the walnuts they sell in bulk.
Great weekend to everybody, it's boozin' time at Casa Dolomite.
Cheers!
I've been
cashing checks at the bank regularly to keep cash in. I seem to spend cash without buying much. Anyone have a control system for the home cash to recomend?
Prophecy
This will be bigger than Turd's Bottom.
"A lawsuit such as this one could easily bring about the total destruction of the Comex/LBMA-based, fractional bullion banking system."
I'd normally say a judge would block it or something, but these bastards are cannibalizing each other. And if they get too public about it, they risk waking up their clients before the next shearing.
Funny that they're so free with the trillions of fiat, but so nitpicky about a few bars of old traditions that you can't even eat.
Essentials
Some essentials for a survival situation:
Freeze dried food
Sun Oven
Moonshine Still
I firts saw this article on;
The ATS website, who'd video on the main page is about missing stinger missles, and CIA involvment in the Syria action;
http://video.abovetopsecret.com/
I am quoting from the keepers website now;
http://oathkeepers.org/oath/2011/12/08/oath-keepers-alert-federal-agents...
“A fellow veteran contacted me concerning a new and disturbing development. He had been utilizing a Mormon cannery near his home to purchase bulk food supplies. The man that manages the facility relayed to him that federal agents had visited the facility and demanded a list of individuals that had been purchasing bulk food. The manager informed the agents that the facility kept no such records and that all transactions were conducted on a cash-and-carry basis. The agents pressed for any record of personal checks, credit card transactions, etc., but the manager could provide no such record. The agents appeared to become very agitated and after several minutes of questioning finally left with no information. I contacted the manager and personally confirmed this information."
My favorite essential...
TOILET PAPER...lots and lots of toilet paper!
@ I Run Bartertown. *Eating their own*.
.Agreed. It is playing out in real time *The Fuse* is burning. ..7
Always store the basics
The 3 basic food groups are: Coffee, Sugar & Alcohol All have excellent barter value. Buy in bulk and get spirits with high alcohol ratios. If you're snobbish about your single malt, be sure to double up on those cases. Buy yeast as well - just in case you run out of alcohol and want to make your own. As most probably know, yeast eats sugar and shits alcohol (excuse the jailhouse definition).
Top Republicans Don’t
Top Republicans Don’t Remember Endorsing Sodomy, Bestiality In Defense Bill
December 9, 2011 by Sam Rolley
Many Republicans in the Senate seemingly passed the Defense Authorization Bill 93-7 last Thursday without reading, or being fully aware of, its contents.
The bill would authorize $662 billion for military personnel, weapons systems, national security programs in the Energy Department, and the wars in Iraq and Afghanistan in the fiscal year that began Oct. 1. The bill also contains provisions that would allow for American citizens to be subject to indefinite military detention if they are suspected of terrorist activities.
Neoconservatives have defended the bill as absolutely necessary to protectg the United States from terrorists, but that fails to explain one of its provisions: The repeal of the ban of sodomy and of bestiality within the military.
Asked by CNSNews.com if they were aware of the sodomy-friendly provision, two well-known Republican Senators who worked on the legislation were clueless.
Senator John McCain said to a CNS reporter who asked about the sodomy provision, “I don’t, I don’t know what you’re—honestly. I read the bill. And I was there for many hours of deliberation and debate and amendments. And probably spent hundreds of, several hundred hours on it. But that particular provision I did not know. So we’ll have, we’ll get back to you. We’ll get back to you. Just call.”
Senator Lindsey Graham, member of the Senate Armed Services Committee, also had no recollection of endorsing sodomy or bestiality in the military when he voted for the bill and said that it was likely related to the repeal of “Don’t Ask Don’t Tell.”
http://www.personalliberty.com/news/top-republicans-don%E2%80%99t-rememb...
Dolomite
I'll second your recommendation of that All-American canner. I recently bought the 921 21 1/2 quart model. I really liked the fact it has no seals that need replacing. It relies on a precision machined, beveled aluminum seal, which is just one less thing to have to worry about replacing during times when getting parts might be difficult.
After inspecting the lock-down screws, I pretty much determined that I could replace/rebuild those myself as long as I had a tap and die to thread bar stock with. Repairs should be possible for anything that might go wrong with these even if manufacturer's replacement parts are unavailable.
The drawback to the larger unit is that your wife will probably make you be the one to move it around :). It's heavy :) It's also well worth it if you plan on canning in quart size jars or larger. Serves equally well as a boiling bath canner so it works for simple stuff like fruit and tomato products as well as the more difficult vegetables and especially meats that require pressurized canning to achieve the temperatures needed. I can my own bacon :)...just put up 12 pints of chicken three days ago.
http://www.allamericancanner.com/allamerican921pressurecanner.htm
my 2c
Guys, consider this. You seem to be preparing for a long siege, with tactical bacon and such. That is the second worst choice you can make after not preparing at all. The best choice is acquisition of two items not on your list: a passport and a plane ticket. That is all you need to solve the problem. Don't think I'm telling you what to do, I just care a bit and I lived through such time. The passport and a plane ticket -- used timely -- saved lives and fortunes. Think those who left Germany in the 30's before it was too late. They went to Argentina or some place like that and missed on all the 40's events in Europe. One key decision, made timely and wisely, saved their lives, fortunes, and an unimaginable lot of grief. So have a look at Sovereign Man or any other place you can get such basic info and think hard whether you really want to spend 10+ years in a zombie land eating that tactical tinfood while others want to rip it out off your cold dead hands. It is not a joke, things like that can happen overnight and there is no replay. Prepare wisely.
MOST IMPORTANT ITEM FOR STORAGE
We are heading for a time that few of us in America have ever seen. World War Two had many survivors who learned the difficult road of survival. If we were running to a space ship to blast off or even a wagon train to cross the plains, we need leadership with vision and direction. The internet and the tube will not be working. Some places will have radios but there are remote areas even today where there are few services.
All of these items that we store are really great but someone must supply direction and courage to those that you gather with. That day will come when we must step up to the plate and be a rock to the family. Give me two old grandmas who know how to cut up a fresh chicken and can fill a can house. Give me those with a voorrtrekker pioneer spirit to teach.
One of the most calming things to have during a crises is someone who really sees. Are we prepared? jmo
It's On Like Donkey Kong ...
Just finished reading the ZH article on HSBC suing MF Global. It's on like Donkey Kong. It's about freaking time
Survival Bracelets
Para-cord Survival Bracelets
http://www.amazon.com/s?ie=UTF8&tag=mozilla-20&index=blended&link_code=q...
Or http://www.survivalstraps.com/
They're quite handy (pun intended) and they're not expensive either
Schwartz9546
My favorite essential...TOILET PAPER
You're gonna need the food first in order to make any good use out of the TP.
BTW, if it ever gets 'All out Mad Max` barbaric scavengers will smell your food cooking on the open fire in the back-yard...and well, you can figure the rest.
10 books on survival and all fee downloads!
http://beforeitsnews.com/story/334/954/Top_10_Download_s_You_Should_Have...
FM 4-25-11 First Aid (2002)
Guide to Canning
Rangers Handbook
NATO Emergency War Surgury
Where There is No Dentist
and 5 more!
MUST have downlaods!
Bye bye GLD...
Used to have a lot of GLD and SLV but over the last two years I've swapped most of it for CEF and Sprott's PHYS and PSLV. I had a small amount of GLD left in an account I don't use very much. I had bought it 3 years ago and just let it sit. Today, perhaps prompted by the HSBC lawsuit, I finally got around to swapping it out for Sprott's PHYS.
Feels good. No more GLD.
Any info out there about this
Any info out there about this account thing? I have accounts with Schwab, Ed Jones, and Wells Fargo. None are margin or short accounts. Just your standard, checking, savings, IRA/401k, m.funds etc.etc.
thanks
Most of these end of an era
Most of these end of an era events end with war. Everybody thinks that means strategic nukes, but that was old technology. Almost 94% of the world's population lives on 4% of the Earth's surface. These people live nowhere near their food supply. One EMP could sever the ability to bring food to them, and then they would kill each other. So why bother bombing cities? They have made themselves vulnerable to a gentle shove.
Without any doubt, in the event of a complete collapse, the most kick ass invention today is the steam driven generator, something that is a throwback to the 19th century. There's a company out there that makes one for $13k, trailer included. That's a lot of money, but it puts you in the position of being the only one who can recharge anything after the fuel runs out. With water and some wood, you are the only one who can protect the insulin supplies, the drugs, and of course, chill the beer.
THAT'S THE ULTIMATE END OF THE WORLD TOY.
Re: survival skills
Good evening everyone.
You may find these helpful:
US Military Survival Manual
http://www.the-ultralight-site.com/wilderness-survival-guide.html
http://www.emergencysurvival.info/
http://www.backcountrysurvival.com/
http://urbansurvivalsite.com/
Best to all.
Communication
Telecommunication for non-violent struggle, by Schweik Action Wollongong:
http://www.bmartin.cc/pubs/92nvt.html
Best to all.
Manuals/how-to
If you want more, let me know. I have bookmarked all kinds.
Best to all.
Water filtration
Berkey models are popular. There are others, too.
Seeds for your garden. http://www.seedsofchange.com/garden_center/browse_category.aspx?id=1
Silver, of course. Cause you know the apocalyptic zombies will be highly virulent. http://www.store.firstmajestic.com/products.aspx?cat=5
Nuts, nut butter, oils, dried fruit, salt, superfoods, more: http://www.wildernessfamilynaturals.com/
Mall Ninja or Lifestyle...
It's great that the Turd has his online store finally up and running. It will provide much needed revenue and a portal for many to buy some goods for the larder.
I would like to say that we are faced with a choice that is coming in the very near future. To be prepared for a change in the life we have become accustomed to living in the western world. I have read much good stuff by many fellow Turdites. I have also sensed that many feel that being prepared is about having a closet full of neat gadgets that they bought at the mall thinking it would get them by in a crunch.
Some of the good stuff posted you can view above, the All American canner is wonderful, I have 2. Remember 1 is none and 2 are 1, replacement parts may not be available in a crunch situation. Ms. DaddyO has a dealership for them and the Country Living Grain mill and I could possibly talk her into placing a group order for those interested. She also has a Berkey dealership. I haven't tried to push any sales here in Turdville as it is not our main business and I don't want to horn in on Turd's turf.
I want to emphasize that prepping is really about shifting your paradigm and moving away from the Just in Time mentality the we live with here in the USA and much of the western world. Most food supply lines are only about 7-21 days deep. Remember that, 7-21 days and all hell breaks loose at Publix and Piggly Wiggly.
You think WallyWorld is bad on Black Friday, just imagine Black TEOTWAWKI day!!
Water is essential and you should have the means to supply and resupply within your immediate grasp through a system like Berkey or other similar products.
Prepackaged food like MRE's and Freeze dried goods like Mountainhouse are great for short intervals but in my way of thinking they are only good to transition you into a more sustainable situation like gardening and hunting. Canning then becomes your main source of preservation for fresh produce and game. Dry canning and packing then become your next hurdle. There are many good ways to preserve grains, dried goods like milk and potato flakes and similar items.
It becomes a lifestyle and puts you in a self sustaining mind set. A great place to be!
James Rawles is the editor of survivalblog.com. That site is probably the most read and well edited preparation site on the internet. I highly recommen you check it out on a regular basis for the best in ideas and preparation how to's.
So are you a mall ninja or are you an individual who has taken the time to really slow down and enjoy the simplicity of the life your grandparents lived on a daily basis?
I hope you have chosen the later or are taking steps to do so because the wolf is at the door and he is about to blow it down!!!
DaddyO
IMF Revamps Lending Options in Response to Global Crisis
IMF LENDING
IMF Revamps Lending Options in Response to Global Crisis
By Manuela Goretti, Sergi Lanau, Ricardo Llaudes, and Nathan Porter
IMF Strategy, Policy, and Review Department
December 7, 2011
The IMF has revamped its lending toolkit to bolster its ability to meet the needs of its member countries as global growth continues to weaken in response to the ongoing crisis in the euro area.
The reforms, which have been under way for some time, come in response to calls from the Group of Twenty (G-20) industrialized and emerging market economies and the IMF’s broader membership for a stronger global financial safety net to help prevent crises.
The IMF is upgrading one type of precautionary credit line, and broadening the reach of its emergency assistance. The Precautionary and Liquidity Line will enable the IMF to provide upfront liquidity in a broad range of circumstances, including for countries with sound policies that have been affected by economic shocks beyond their control, such as heightened stress in global financial markets.
The Rapid Financing Instrument enhances the IMF’s instruments for emergency assistance, and may be used to support member countries experiencing a range of urgent balance of payments needs, including needs arising from commodity price shocks, natural disasters, post-conflict situations, and other emergencies. The Rapid Financing Instrument will improve the IMF’s ability to provide low-access financial assistance to member countries with urgent financing needs, without the need for a full-fledged program.
“The IMF has been asked to enhance its lending toolkit to help the membership cope with crises. We have acted quickly, and the new tools will enable us to respond more rapidly and effectively for the benefit of the whole membership,” IMF Managing Director Christine Lagarde said. (more)
http://www.imf.org/external/index.htm
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Brussels summit
EU to Channel €200 bln to IMF to Strengthen Global Safety Net
December 9, 2011
Member states of the European Union plan to provide up to 200 billion euros to the International Monetary Fund (IMF) to reinforce the global lender as it helps tackle fallout from the European debt crisis and the ongoing global economic slowdown.
The EU leaders also laid out a new “fiscal compact” to prevent future debt run-ups and accelerated the start of a planned permanent 500 billion euro rescue fund.
European leaders meeting in Brussels agreed to make bilateral loans to the IMF of as much as 200 billion euros ($270 billion)—with 150 billion euros contributed by Eurozone members and 50 billion from other members of the EU. These resources are expected to come from individual countries' reserves when needed, mostly via their national authorities, to the Fund's general resources.
The EU's exact contribution is expected to be finalized within the next 10 days. IMF Managing Director Christine Lagarde said the decisions taken by European leaders at their summit in Brussels “are an important contribution to helping address the crisis facing the euro zone and strengthening the global economic recovery.”
In a statement, the EU’s Council said “euro area and other Member States will consider, and confirm within 10 days, the provision of additional resources for the IMF of up to EUR 200 billion (USD 270 billion), in the form of bilateral loans, to ensure that the IMF has adequate resources to deal with the crisis. We are looking forward to parallel contributions from the international community.”
Progress made
Saying it was “a step in the right direction”, Lagarde said she welcomed in particular the progress made in three critical areas:
• the agreement reached to enhance fiscal discipline and strengthen economic policy coordination in the euro zone.
• the decision to accelerate the entry into force of the European Stability Mechanism (ESM) treaty, which will help bolster the firewall against financial contagion.
• the commitment by EU member states to provide additional resources to the IMF of up to 200 billion euros.
The additional resources, she said, will enhance the IMF's capacity ”to fulfill its systemic responsibilities in support of its global membership--which is especially important given the ongoing economic slowdown and financial market tensions.
“I appreciate this demonstration of leadership from Europe, and I am hopeful that others will also do their part."
Lagarde has recently visited several major economies, including Japan, Russia, China, Mexico, and Brazil. In Brazil, she said the balance of global economic power was shifting and that “emerging economies are a key part of the solution to the global problems.”
IMF revamps toolkit
The IMF has revamped its lending toolkit to bolster its ability to meet the needs of its member countries as global growth continues to weaken. Since the crisis erupted in 2007, the IMF’s lending commitments have reached a record level of about $250 billion. This has included an increase in concessional lending to the world’s poorest nations.
The reforms, which have been under way for some time, come in response to calls from the Group of Twenty (G-20) industrialized and emerging market economies and the IMF’s broader membership for a stronger global financial safety net to help prevent crises.
Thermette - - ( also known as kelly kettle )
How about a Bible.
How about a Bible.
Admitting I bought these items, they should be in the Turdmart
For around $100, I gave my wife and myself an early Christmas gift that makes me sleep a little bit easier at night.
Full NBC (nuclear, biological, chemical) fallout protection. Merry Christmas!
http://www.amazon.com/gp/product/B0002XJ2OU
http://www.amazon.com/gp/product/B000HOU90K
http://www.amazon.com/gp/product/B0051XJ8BI
http://www.amazon.com/gp/product/B004T9HPEC
She giggled when we tried them on for the first time, and she is a great sport and knows it's better to be safe than sorry. She knows the PMs are the way to preserve and grow wealth, and the ultimate form of money in TSHTF/TEOTWAWKI situations. She is the only one, besides you out there in Turdville now, that knows that we own these. Some people just wouldn't understand, they get lost when I try to explain the end of growth, devaluation, derivatives, PMs, and the shadow banking system. This would just make them think I am a tin-foil hat wearing fearmongerer. I wish those people were right. But I learned something in quantum physics that applies very well to this geopolitical and global financial clusterfuck that we all find ourselves in.
Not all states of a wave function are highly probable, but all states of a wave function are possible.
I like to be prepared for all possibilities. Hang tough Turdites.
You're going to need to cook
unless you like to eat stuff cold out of the can.
Make sure to get a rocket stove - a handful of twigs and you can cook anything. You can use these for canning too.
http://www.stovetec.net/us/index.php
Creepy Crawler = debka/ Peter Gabriel = The Carpet Crawlers
How the Mayans could be right
MF global had 50,000 farmers that had their funds stolen. They will either plant nothing (bankruptcy), plant less (can't hedge), or plant late (when they finally get money to buy seed). They can't save this year's crop to plant, because Monsanto's suicide seeds either won't germanate or won't produce anything if they do. If you assume each hedged farmer had 1000 acres (40 acre farmers probably don't hedge too much), you're looking at 50 million acres at risk, if JUST MF global goes down. Since the total wheat, corn and soybean acreage is 200 million acres, 25% is already at risk.
Food reserves are low now. Think what it would be like if 10 or 20% of the farms couldn't plant. That would be a disaster IF the weather was perfect.
FEMA camps, anyone?
Big yellow (gold?) Turd hat
Thanks Turd! Got mine today. I made a contribution way after the deadline for the hat offer and certainly wasn't expecting it, so WoW!! It is a treasured keepsake now. You are the real deal, Turd and this site is fantastic. Thanks for everything!!!
Blood clotting agents
I think buying a blood clotting agent with a silver antibiotic for gunshot wounds is a very good idea for a fit hit the Shan situation.
http://www.drugstore.com/products/prod.asp?pid=363235&catid=59963&aid=338666&aparam=363235
DayStar
Excellent point, opticsguy...
This is all the more reason to put back pales of wheat, corn and other grains. The Country Living Grain mill then becomes a necessity.
DaddyO
Any more regenerated vampire squid tentacles?
All these recent developments and the williambanzai7 picture of "Abacus TARP Commingula" http://www.zerohedge.com/contributed/visual-combat-daily-12211-weekly-rip got me thinking. Can we predict the next series of ripoffs by just following these guys? Greece and Italy have already been infected; they are now having lunch with the rest of the crew as usual, but it's only a matter of time until the little monsters burst out of their bellies. The CFTC is pwned. Am I forgetting anyone? Any other tentacle in charge of other financial firms, brokers, regulators, or countries?
Been drink'in, but DaddyO has
Been drink'in, but DaddyO has a good point. At each stage of the unwind, you need different resources.
Stage One: Oops, the ATMs and credit cards don't work, I hope you have cash.
Stage Two: Nobody wants your paper, hope you bought up as much food as possible, everything is locked down
Stage 2.0: Utter bedlam and desperation: Depends upon where you live. You could be two gas tanks worth of distance outside a major city and be just fine, or be within the range of urban people looking for food in the country like they did when the locusts left the cities of Weimar Germany and be overrun.
Stage Three: Barter begins. People swap food and goods with abandon because they know what they are worth, but they will shy away from precious metals because the actual price is known to be high, but it is still unknown. In the initial stages, they will take silver dimes and quarters, because the overall cost of miscalculating is low, but they will be uptight about pricing a silver eagle, and you can forget a gold eagle at this point. Nobody will price a gold eagle when it's worth at least a year's earnings and the price is in question.
Stage Four: Food stores are depleted and long term food supplies prove insufficient to support the remaining population. Maybe things start to get better because the unicorn lord gathers all the good people together and plants skittles trees, or they go terribly wrong because we just have so many women and beautiful children that need to be supported and not enough men who have the knowledge and skills to care for them. It's anybody's guess, but I see bad things clearing out the brush before the next growth period. Unfortunately, we have 7 billion people in the expendable category.
So PMs are great, but nobody will exchange them during a crisis for the very same reason you saved them, they are worth a lot, and nobody will know how much until the dust clears.
This is one of my favorite...
precious metals site, hope you agree.
You can find it here...
DaddyO
Liquor?
If you live in an area with Ralph's markets, they are having a sale, buy 6 and get an extra dollar off already sale priced booze. Examples I bought under $5.00! Paul Masson Brandy (750ml 80 proof), Margaritaville Tequila, DosSantos (XLNT fake Kahluah), etc...
The checker said it should run through the holidays.
Probably similar "Holiday" deals in your area?
Stored Food
efoodsdirect.com
Dehydrated instead of freeze dried, 10-20 year shelf life, packaged meals easy cook and individual foods for regular meal making. Small packs to year supplies.
Taste good too.
The thing about lawsuits...
is that they take a really long time to have any effect. HSBC is suing for $1 million. It's nice to see a little bank infighting but a part of me says big whoop. I've been part of a huge class action lawsuit against JP Morgan for like 2 years now and it's not exactly moving quickly or making the market change.