Have we maybe finally reached the point where even Fed manipulation and Enron-like accounting can no longer keep the numbers looking good? Has the rot from the edges finally reached the point that areas such as University towns and Government centers can no longer make it look like growth is still going on?
For years now I have written many observations of how the collapse is hitting us from the edges and slowly inching it's way inward. There are of course enclaves that have bucked this trend from the very beginning. It's easy to identify these enclaves as they have significant ties to some group that directly benefits and allies itself with the current Liberal/Feminist regime. Namely College towns, very Liberal cities or government centers. In my particular case it is very easy to see these dividing lines by traveling one direction or another.
It's really remarkable to see the difference these money infusions are creating in similar sized communities. One without a Federally funded school is closing stores and losing residents left and right while one with a school of higher learning shows growth and prosperity galore.
All the while way out in the rural areas civilization continues to recede. Eroded from the edges.
I often wondered how long the Fed and Government cheerleaders could continue to claim growth and prosperity while it was obvious most of us were not living it or seeing it. They changed the rules every quarter adding in something else that had no business being counted and declared victory. Even with counting government spending, intellectual property and a mythical underground economy into the GDP we still showed negative growth for the first quarter of 2014. Hell they haven't even tapered very far yet so they can't blame it on that.
Are we seeing the next step down develop now? Have we reached the point that it is impossible to hide the fact the real producers have been overwhelmed by the looters?
So far the second quarter profit reports are not looking any better than the first. Precious metals appear to be making a comeback and equities are taking some hits.
We maybe taking another big hit now and I don't think we have many hits left in us before the fall. I guess only time will tell but I would recommend checking your preps closely once again. I know this has been a recurring theme but eventually it is going to happen so by now you should have lots of practice going over your checklist.
Keep Prepping Everyone!!!
Scares the crap out of me..I'm fresh out of school, and looking for work. New mortgage too boot.
ReplyDeleteK - Well you are in the medical field and that should grow due to the aging population even as everything else shrinks. What I would really fear in your situation would be the illegal immigration thing. If these old White people think the new Hispanic voters are going to continue to fund their health care, they are dreaming. Once a critical mass takes effect I look for healthcare spending to take a dive. Of course that is a ways down the road yet.
DeleteI think that we may be set up for a double punch with the price of oil going up and he war on coal which will cause electricity to also have a huge price rise. This will really hit home by winter and I suspect that Obama will blame someone else and be shocked to even learn of the problems and will be mad as hell and promise to get to the bottom of it and punish the oil and electric companies and have the national emergency that he needs. We probably won't need a 2016 election since he needs more time to fix what evil business people have done.
ReplyDeleteSf - Ya they always like to try and place the blame don't they? Next thing ya know oil will be a basic human right like water.
DeleteThings have been unraveling in our local economy here. I suppose we are just a microcosm of the overall degradation quality of life wise throughout the country. one nice thing about being older is that I " got mine " while it was still possible to do so. Young people today who are not part of the upper crust are in a fix.
ReplyDeleteHarry - Quality of life dropping is more noticeable where the Liberals are not pumping, like areas where we live. However I would not place much faith in having gotten yours either. As I mentioned to K above I doubt once this country becomes majority minority that the money is going to flow to SS, Medicaid, Pensions etc like it does now. Eventually they are gonna say they shouldn't have to pay for the gringos I think and that may not be too far away now.
DeleteThere will be another big take down in precious metals soon.
ReplyDeleteBeyond that, wait for the 2nd quarter reports to come back with negative growth or flat out contraction, and not be able to blame it on foul weather, then the rodeo will began.
Matt - I am not sure there will be a contraction on PM's again. They might manage it but the current growth looks to me to be despite their manipulation attempts. It's just maybe possible it is getting out of their control... Maybe...
DeleteI know I'm naive, how could the elections of 2016 be stopped?? Marshal Law?? If the U.S. goes down so does the rest of the world?? Pray for better times and be prepped for the worse.
ReplyDeleteRob - Well if for some reason all the parts of the country could not be tallied or gotten to that might stop the election. I honestly don't think there is a way without loosing control of huge parts of the country to do it. Of course they may not care either.
DeleteAs you say another step down. I think soon the average Joe may see about a 30% loss in buying power be it loss of wages, SS getting cut or inflation. I would set you budget for that 30 % loss and stash away cash savings, Basic needs for survival and then PMs or hard goods like guns, ammo, fuel for the long haul. If you hang out these sort of sites I hope you have at least a few basics on hand. I think the SHTF and all we are waiting for is a big event that will make everyone aware that life has changed significantly. I see Sept-November as a major crash time in the stock market. But I have been wrong before so don't wait to get prepared. I think this is the slow part of the collapse and most won't recognize it happening until the "Black swan" appears.
ReplyDeleteMASR - I have slowly been decreasing my budget and cutting things out. I want to be ahead of the curve you so cleverly spotted. I kinda agree too I think the hard hit will come in the Fall if it comes at all.
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