Thursday, June 20, 2013
UHT-OH!!! The Party is Starting - Munnicide
It's hot here today. So hot even though the news sources say upper 80's my outside thermometer says mid 90's and the humidity is stifling. Just as I mentioned last night I been working in the garden but it has been one of those work a bit, go sit in the shade a bit days. Large amounts of water and iced tea have been consumed just to allow work to continue. Even the bees are a bit pissy today. I was chased away from the hummingbird feeder with violent intent twice when I got too close. These girls mean business and I am thinking I better nip this off at the bud and place the robber screens on the two little nucs tonight before they turn on their neighbors.
I am not sure what they are so pissed off about there is plenty of stuff to forage on. It maybe hot but it certainly isn't dry and there are wild flowers blooming literally everywhere.
Anyway back to the topic at hand.
If this panic lasts much longer it maybe time to move the prep meter back up to five. This is a serious deal here people.
For the last four years private and foreign investors have been steering away from US Bonds, especially munnies. I mean c'mon is there anyone out there stupid enough to buy bonds especially from Femocrat run cesspits like Detroit, Chicago or anything with CA after it's name? I can't imagine anyone being that dense.
Well actually there are two buyers for such junk. The Fed of course because it can take the haircut and keep going. The Fed is dependent on the financial flow to continue so even though they were taking a loss and a what would be a huge risk for us, to them it paid more to keep things moving along.
The other culprit is the real problem. The public and private sector retirement and pension accounts. Sure all of our 401k's will take a beating but no one is promising a 401k more than they are gonna get. Let this slide continue and suddenly these public sector accounts that were 50 million under funded will become 100 million under funded. Or worse.
Much more panic influenced correction and people are going to start getting really HOT I am sure.
There is simply no way the Fed can stop QE. I have said this before and I think what we have seen over the last few days proves it. Soon I expect Helicopter Ben to come out and say it was all a big joke.
If he doesn't? Well if he doesn't then I think we can call this the beginning of the actual collapse party.
It maybe best to put everything in order now.
Keep Prepping Everyone!!!