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Journal zogger's Journal: Here is the lost article 6

Journal by zogger

I don't think it is the exact link of what I posted yesterday, but it is the same story. It is an economic indicator of what Warren Buffet thinks about the economy and the dollar. It is a very good clue and clear warning. FDIC deposit "insurance" is only a big bank or a few medium banks away from being busted. After that comes hyperinflationary "coverage" because they will have to just print up dollars, there is no backup reserve anyplace.

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Here is the lost article More

Here is the lost article

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  • Do we taper off the socialism that creates these nationally bad environments, or do we just go all-in?

    • The basic idea of the internets is to route around blockages and find the most efficient path. You can do the same with your own personal economy. The less you are tied to the system, the less the collapse of the system will effect you. In this case, the less fiat dollars you sit on, and the less debt that is delineated in FRNs, the less a hyperinflationary gambit by the Fed and various other agencies will weaken your wealth stash. I ain't rich in FRNs, but what I do get gets morphed into practical tangible

      • It kinda does, but truly unplugging involves doing something akin to the Amish. And they really have a kind of gentle, tacit fasism going on of their own, to keep the community going.

        • Well, ya, but you can scale it to taste. It's all about reducing risk and mitigating in advance, having backups for your necessities should the primary fail, which in this case is reliance on the current banking/FRN/JIT delivery system of modern reality. It doesn't have to be all either/or.

          Funny, but I am about exactly half way between the way most folks live, and the amish. I see the advantages of both ways and accept them, and use them and also the disadvantages and reject those parts. Some examples, I h

          • And the fortune at the page bottom summarizes you nicely:

            All a man needs out of life is a place to sit 'n' spit in the fire.

  • The Assassination of New York Governor Eliot Spitzer http://www.youtube.com/watch?v=GMo7T9t0Gzk [youtube.com] seven-minutes recap of the editorial linked at bottom: don't forget Spitzer's 14FEB08 WaPo article THAT GOVT diabolically USED THE OCC TO FORBID LOCAL STATE REGULATORS FROM INVOKING CRIMINAL CHARGES AGAINST THE BLATANTLY-ILLEGAL LOAN-VENDING ORIFICES ... Hey DONT EVER believe it was a "failure of supervision" - that is identical to the lies about wtchoax http://www.washingtonpost.com/wp-dyn/content/article/200 [washingtonpost.com]

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