I’m not 100% behind the author on many of his claims, especially from the first half of the book. It is something to think about though and his strategy of buying long lasting consumables during times of inflation has been given new life through extreme couponing, big boxes etc. It’s a good idea for us to know where this idea came from. I myself am a proponent of a the strategy to a certain point, but before I go into any criticism I think readers should go through the material for themselves.
This 1981 political/financial thriller involves a plot by Arab countries to collapse the American economy. Because commie Jane Fonda is involved there’s plenty of Marxist hooey in here, but the scenes of the economic collapse are eerily similar to both the 2008 crisis and what most people are saying is coming this year.
Given the new book by Kevin Freeman that proves the 2008 collapse was just stage one in a three stage financial terror attack this movie proves that in some cases life imitates art:
Via The Blaze supporters of Hamas and Fatah disrupt John Hagee’s annual support for Israel service. This is the kind of disrespect for any religion (aside from Islam I assume) the American left has been taught. They could have protested outside like people with class would have done: Meanwhile, the people they are supporting are calling for the complete extermination of Jews and “Palestine” as the center of a WORLDWIDE Caliphate that would rule over us all: Once their precious Palestinians start a second holocaust and the re-established caliphate makes war on the world I wonder how these people will react. Joy I’m betting. Any bets on whether or not they’d kill you for “the cause” of the Islamists if given the chance?
Steyn’s recent column dealing with Obama’s economic “plan” cuts through the crap and gets right to the heart of the matter:
After hearing the president’s plan, Standard & Poor’s downgraded the U.S. Sovereign debt outlook to “negative.” Ah, the fine art of understatement. In 1940, after the fall of France and the evacuation from Dunkirk, presumably they downgraded Britain’s outlook to “spot of bother.”
At the world’s first “Presidential Facebook town hall meeting” on Wednesday, even Obama had a hard time taking his “plan” seriously. Sometimes he referred to it as a 12-year plan, sometimes 10 years, sometimes saving four trillion, sometimes saving two trillion. So will the Obama plan save four trillion over 12 years or two trillion over 10?
For the answer let’s go to next week’s first Presidential Twitter town hall meeting:
OMG!!! LOL!!!!!!! ROFLMAO!!!!!!!!!
Overly Massive Government!!! Legislating Official Largesse!!!!!!! Requiring Offering Foreign Lenders More American Ownership!!!!!!!!!
The president’s plan is to balance the budget by climbing into his Little Orphan Obammie costume and singing: “The sun’ll come out tomorrow/Bet your bottom dollar that tomorrow there’ll be sun.” We’ve already bet our bottom dollar and it’s looking like total eclipse. But Obammie figures if we can only bet Daddy Warbucks’ bottom dollar the sun will shine. The “rich” don’t have enough money to plug the gap: As a general principle, whatever the tax rates, the Treasury can never take in more than about 19 percent of GDP. Since Obama took office, the government’s spent on average 24.4 percent of GDP.
That five-point gap cannot be closed, and it’s the difference between the possibility of a future and the certainty of utter ruin. Hence, outlook “negative.”
Read the rest, it’s well worth your time
I don’t personally put much stock in predictions – especially from an outfit that thinks Bolivia’s “Mother Earth” law is “noble” even though the first part of it calls fro the destruction of Capitalism. But this video is going around and makes some interesting points so here you go. It’s about 15 minutes long so grab a snack and settle in: