Federal Reserve To Bail Out Europe

[sledge]

This is driving me nuts.  Now the Fed has agreed to flood Europe with dollars by cranking up the printing presses.  This agreement was reached by two days of meetings of U.S. officials and officials from the European Union.

This means American citizens will be paying to bail out the socialist policies of European countries by paying higher prices for everything due to the massive inflation this is going to cause.  Enjoy the increase in stock values while you can.  You're going to be spending what ever you make in the stock market on higher prices for everything you buy.    You'll spend everything you made and a whole lot more.

What?  You don't have any stock.  Then your screwed.  Because you're still going to have to pay the higher prices due to inflation.

German citizens wouldn't agree to let Germany bail out Europe.  So here we go.

I'll bet China is shitting a brick this morning.  Their buying power with the U.S. dollars they hold just took another hit.

http://www.foxbusiness.com/economy/2011/11/30/central-banks-unveil-coordinated-action-to-ease-credit-conditions/?test=latestnews

http://beforeitsnews.com/story/1443/229/HOT:_Federal_Reserve_and_Other_Central_Banks_Announce_Global_Liquidity_Move.html

[Skippy00004]

It's taking them months to figure out how to fix our deficit, but it only took them two days to make this decision.

[JohnyMac]

Yea, I just heard about this on Fox Business. What the fuck! Like you Sledge, I am going nuts!

How I control my anger though is to do something positive in prepping for the inevitable. Buy an extra can of meat. Buy 10 packs of heirloom seeds. Buy another dozen Mason jars. Or what I did yesterday; I bought another box of .300 Savage ammo (Hard to find anymore and I can always use the brass for reloading  ) and a pound of 3F Goex Black Powder.

Counter negative with positive.

[gapatriot]

The PRIVATE federal reserve can do whatever they want, the solvency of the us dollar is of no concern to them they have the printing press remember, and they make money off the interest they charge for these bailouts. We are in a world of shit buy what you can when you can. buy gold and silver to hedge against inflation. buy something tangable while you still can if you have a large sum of money sitting in an account somewhere spend it fast, this house of cards is about to fall.

[sledge]

The PRIVATE federal reserve can do whatever they want, the solvency of the us dollar is of no concern to them they have the printing press remember, and they make money off the interest they charge for these bailouts. We are in a world of shit buy what you can when you can. buy gold and silver to hedge against inflation. buy something tangable while you still can if you have a large sum of money sitting in an account somewhere spend it fast, this house of cards is about to fall.

You got that right!  How does Obama justify this?  How the heck can he think he has a snow balls chance in hell of being re-elected.  He knows he's going to lose and is taking a payoff.  As prices go up due to this the economy is going to get worse and worse.

Look who is going to make money off of this.  The banks, the Fed Reserve, money managers and large investors.  And where is that money coming from.  Out of your and my pocket when we buy a loaf of bread or anything else.

Oh, and then the Greeks get to continue retiring at 52 instead of 50.  And the rest of people of Europe get to continue living off of government handouts.  The English were all in the streets because they are going to have to pay $2,500 for a college education instead of getting it for free.  Every industry in France gets to keep it's subsidies allowing them to continue fat pay scales and benefits free to their employees.

Here, we get to pay for it all when we buy gasoline, paper towels, and groceries or pay our electric and water bills.

The only way any of this makes sense is it the American people are intentionally being screwed.   

[JohnyMac]

Wild  http://www.arrse.co.uk/at

[Skippy00004]

Broken link Johny

[Outonowhere]

Broken link Johny

 [img]http://www.arrse.co.uk/at

[special-k]

Apparently it's an inside joke that you and I don't get, Skippy.

[Skippy00004]

I feel left out.....

[JohnyMac]

Gee wilakers! I screwed up (what else is new). I wrote a rant agreeing with Wildturkey agreeing with his comments. Lets see now...It went something like this:

You need to have a months worth of $$$ on hand so when the ATM's are shut down or you are restricted on what you can take out by the Fed

If you can afford it you need to have some precious metals on hand even if it is junk silver (pre-'65 dimes and quarters) which you can buy from PM dealers on the internet.

Of course you need to have food on hand. If you use the pre-1982 inflation formula for inflation we are at 10% YTD. Buy extra food every time you go to the store.

Barter items: ammo (not just your calibers but what others may use; .308 win, 30-30, 30/06), seeds, fish hooks, mono line, nails, screws, oil, underwear, socks to name a few. You can also go to a church bazaar, Salvation Army or consignment shop to buy extra stuff like boots, coats, etc.

Talking about ammo- If you can afford it buy a reloading press and dies. First for your calibers then for other common ones. This will be like money. Oh by the way, IMR 3031 works in rifle ammo from .223 to 30/06 and higher and it is in short supply when you buy a 8# jug. Nobody has any and the folks at Midway told me they will have a limited qty on or around Dec 12th. When I asked for 4, they told me "no." Because the qty country is limited they are only selling one per customer. Oh, don't forget to buy some Lyman molds. Those fancy jacketed bullets will dry up or become to expensive. for .308 caliber I like the Lyman model 311314 mold. Works great for 30-30, .300 savage, 308 win and 30/06.

Consumables: I have enough gas on hand to fill my truck and my wife's Mini Cooper. I stabilize it and rotate it every 6 months. Kerosene, mantles, wicks, lamp chimneys, matches, .22LR, etc. oil filters for your vehicles, spark plugs, oil for your vehicles, oil for your guns, new or second hand tires for your vehicles, rope, wire for fences, mason jars, batteries,

Water: Bleach and Monolithic ceramic filters and the containers to put your water in. Home Depot sells those orange buckets which are food grade for $3-.

Anyhow, that's how the rant went. I am sure I left something out  [img]http://www.arrse.co.uk/at 

[gapatriot]

Johnny you are right on the money!!! the most common rounds in america are .30-06 and the ol 30/30 buy them up guys. everytime you go to the range get all the brass u can even if its not your cal. for someone like me that reloads after start having problems from reloading the same case 5 or 6 times im going to be willing to trade what i have for brass. Thank god i was a coin collector prior to the PM markets going crazy back in 2001 i got $352 or junk silver mostly dimes for twice face, everytime money get gets tight i think about selling some off but decide against it. IMO junk silver is the way to go vs. silver bars or even silver eagles, i think things will be in small demominations when u trade in silver. We dont have long im thinking by the end of the year!