What just happened?

[goadam1]

Re: What just happened?

Yeah, being right is so important right now. "I told you the plane would hit the mountains, too bad we are dead."

[cjppjc]

Re: What just happened?

Honestly, your last article was road to ruin and this article telling us to cheer up tells us we are broken down in the middle of nowhere with no food or water. What the hell should I think?

I don't think you need to take the funny analogy EJ made so literely. It was funny that's all. Everything doesn't need to have a deeper meaning.

[simitpatel]

Re: What just happened?

Wait, one day you are saying maybe we should buy booze to barter with and the next you are calling us doomers.

lol, i was thinking the same thing.

i took the itulip doomer test, and by that standard i am not a doomer. however i think the test may need to be revised as i do consider myself a doomer. here is my simple three question doomer test:

1. i have 12 months of storable food, water filters, and plan on buying a firearm. while i am not a wealthy person i did not break the bank to make these purchases. i live a simple and boring life. am i doomer?

2. argentina in 2001, or hyperinflation in general. doomer scenario? do you think it can happen here in USA?

3. new world order-istas. doomers?

i think if you're three for three on that test, you're a doomer. i dont live in fear and am at approx 41% in gold/silver (should be noted that i am not wealthy like i said and thus do not have the "i have so much money where do i put it all" type of issues....if i was i'd probably be less in precious metals).

also, EJ's point of there being thousands of years of human history to support his non-doomer stance is a good argument in my opinion, though let us remember a few things that have happened over the past few thousand years:

1. nazi germany, rise of hitler. i am talking about auschwitz type stuff, not weimar hyperinflation (though that is pretty doom-ish by my standards as well)
2. argentina in 2001/2002. i've heard some stories from folks who lived through that. seems pretty doom-ish to me, and so i dont see how hyperinflation isn't a doomer scenario.
3. present-day iraq

while there are plenty of things to celebrate -- technology, the Internet, greater tolerance of cultural diversity, etc -- i would argue that doomer scenarios do happen. and if it happened before, it can happen again, as history repeats -- doubly so when folks remain unaware that it is happening (like what we're in now).

IMO, there's irrational doomers -- folks who base their who lives around doom -- and more rational doomers, who take precautions that would be considered doomer by others.

[goadam1]

Re: What just happened?

I get the humor around here. But saying I hope you are all prepared for hyperinflation and visit bulliounvault.com for all you end of money needs, kind of gets my blood going.

[cjppjc]

Re: What just happened?

AIG is getting its CDS' backstopped by all the J6P US posters here.

What does that mean?

[Basil]

Re: What just happened?

give me ten bucks for ever massive rally that luke's called in the past 14 months and i'd retire.

Add another ten for every collapse of Gold he has called and you would be very wealthy.

[goadam1]

Re: What just happened?

I am a rational doomer. I run a business. I employ people. I make business decisions. I send my kids to school and brush their teeth. It is one thing when you start on a site and use it to get the idea to get out of stocks and protect your wealth and another when people I have grown to respect start making calls about wether it will look like Argentina 2001 or Germany 1938. So I need to make rational choices about how far to go and how much to prepare. I have no debt. I am running my life and business on zero debt. I assumed the world wasn't ending. But for me talking about Weimar Germany and losing all my wealth to inflation is like talking to a hypochondriac about cancer viruses.

[a warren]

Re: What just happened?

Why isnt anyone talking about guns? Wat are ya? Girls?

[goadam1]

Re: What just happened?

bang. you're dead. Now get serious, we are in the middle of nowhere with no water. Go...

[Slimprofits]

Re: What just happened?

the message... tone down the guns 'n gold and survivalist talk we tend toward here every time ej posts a warning.

gold to $5000 and a crashed economy does not mean this...



it means this...



think of all the sleep towns you've ever driven through on your way through busy suburbs and between cities. now imagine busy suburbs and the cities sleepy like the sleepy towns. no much going on. run down.

yep, high crime areas will expand. if you live near one, can you expect a widening circle of crime? yes. does that mean buy guns and build a perimeter fence around your house and create a private 'green zone'? well... that's one approach. personally, i'd move.

I'm not in the "green zone" crowd (is there one?), but like some others, am having a hard time imagining sleepy versions of the cities that I know. Busy suburbs are another story... Cities with lots of people that live in small apartments, or worse, are not going to be quiet. I'll be hanging in the 'burbs.

[Guest]

Re: What just happened?

Why isnt anyone talking about guns? Wat are ya? Girls?

AWarren - I may be putting words into his mouth, but (I think) EJ's saying that kind of chatter is a bit silly. Our country can wind up in serious, really serious trouble and our employment can go up in a puff of smoke, without the people sliding into a "guns drawn" state of siege across America. Guns and survivalist topics are the least inquiring topic to examine relative to what's coming. If that's indeed what EJ's saying I agree with it 100%.

Such chatter becomes like an echo chamber and feeds it's participants anxieties in a steady build up until the theme is considered practically self-evident. It builds in volume until these pages just read like a silly-fest to new members coming in and browsing this stuff for the first time. There is all kinds of unholy destruction that can be visited upon our economy and it will still be far short of the survivalist / guns / frozen food and flashlights scenarios. I have not participated in any of that talk because frankly I find it silly. IMO it dumbs these pages down.

Respectfully.

[rabot10]

Re: What just happened?

For what it's worth, what I got out of this cryptic, short article was that I need to add a portable GPS to my list of supplies. May be the only way to find my way home. Thanks.

[phirang]

Re: What just happened?

What does that mean?

You future taxes are going to people worth 8-10 digits who shorted J6P's subprime mortgage.

[Slimprofits]

Re: What just happened?

What does that mean?

http://blogs.barrons.com/stockstowat...illion-of-cds/

[flintlock]

Re: What just happened?

Big difference between Mad Max and having some guns and food stored away. Having gun/ammo doesn't mean you expect to be blazing away at gang members as they come through the wire. It could be a simple deterrent to the local home invasion crew, a perceived sense of security, whatever. Worst case you sell them for a profit.

Spending a tiny fraction of your net worth on some basic supplies to carry you over in a pinch doesn't sound Mad Max to me. Anyone remember the gas shortages last year in the Southeast US? That minor interruption of supply caused hoarding which further added to the problem. Could we not have a similar interruption in some other necessity? Food, water, electricity, gas to heat our homes? I think having supplies on hand for a short term interruption of supply to be a prudent decision. Total self sufficiency, while not a bad idea, is probably not necessary.

But I do think we could see a slowing of efficiency in our ability to transport supplies and deliver utilities in a hyperinflation scenario. How do you price transportation when fuel cost is rising 20% a day? Bound to be some chaos in that regard. Trucker strikes, stuff like that. A little forethought now could pay big dividends when the stores are empty and the baby is hungry.