Market Crash

[actiofidei]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies? 

I've already made sure that I have enough ammo for both food and the masses. Sorry!

[KG]

Actiofidei,

If you are actually interested in studying economics and the money supply, this article is actually a good starting point, I've looked it over. It covers far more depth than I'd have time to even if I weren't completely outta time.

It's the first weekend of bird season! Yay! I'm gonna have a house full of company all weekend and I am buried in shopping, baking and prep and then will be buried in cooking and entertaining and then recovery for the next few days.

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies?

Yep that covers one of the big glaring holes in even the best laid plan to try to deal with some Hollywood inspired vision of the sky literally falling. People that are entertaining the survivalist mentality would be well served by taking step back to take an objective look at the very real holes in their plans. For instance that food stockpile. After you shoot the neighbors and eat it yourself, then what?

If we have to deal with something that dramatic even the best laid plans will only delay death. The only way we will come out the other side of something that dramatic is if Our Lord blesses us with a miracle.

On the other hand, people can make practical changes in their lives that would better enable them to weather a long term depression. People that recover the skills of their parents, grandparents, or great grandparents that weathered the depression will do better than those that lack those skills and preparation.

And those same changes would result in the best possible defense in case the sky falls anyways. And if the economy recovers what you've accomplished will only improve the welfare of your household no matter what.

Bottomline, if the sky falls, all we have is God. Obsessing on it in advance borders (if not crosses into) that putting mammon ahead of God thing.

If it's long term misery heading our way (my personal bet) we can do practical things now to improve our ability to care of our obligations to our families no matter what happens.

[Tiny]

Walty, you me, and the other young single guys here have nothing to worry about.

Why?  Because we have no money anyway?

In a worst case scenario, I move to a government run work camp spending my days turning big rocks into little rocks with a roof over my head and 3 squares a day making 10 cents an hour ... or ride the rails... or something.

[gjwalberg]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies?

That sounds like a modest proposal.

[jovan66102]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies?

That sounds like a modest proposal.

 

Swift was a prottie!!!

[gjwalberg]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies?

That sounds like a modest proposal.

 

Swift was a prottie!!!

 

Hey, if the protties make a good proposal, they make a good proposal.

 

The Irish are delicious.  Especially when they're boiled with potatoes and cabbage!

[jovan66102]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies?

That sounds like a modest proposal.

 

Swift was a prottie!!!

 

Hey, if the protties make a good proposal, they make a good proposal.

 

The Irish are delicious.  Especially when they're boiled with potatoes and cabbage!

 

Parboiled, according to a famous recipe for children!

[remnant]

Yes, please buy food.  Then when the famine hits, you can share it with me, as you are commanded to do by Our Lord. 

Or were y'all just planning on shooting the starving people that come to your door begging for food for themselves and their babies? 

I f you bother to read your bible, there are actually several verses commanding you to provide for your own family.

And when the famine hits, you are more than welcome to come to my place and work for your food. Like the first Apostles did.
If it is handouts you want, the gov will have a nice camp you can go to to get in line for those.

[remnant]

Yep that covers one of the big glaring holes in even the best laid plan to try to deal with some Hollywood inspired vision of the sky literally falling. People that are entertaining the survivalist mentality would be well served by taking step back to take an objective look at the very real holes in their plans. For instance that food stockpile. After you shoot the neighbors and eat it yourself, then what?

Then you get that garden going and plant those seeds you been saving and grow your food. When all is said and done, we are going to be living very much like the Amish.
And most "survivalists" are aware that they need like minded communities.
I can't possibly stockpile enough food to feed my neighborhood, but I know how to grow food and can show my neighbors how.

[remnant]

Congressional Leaders Were Stunned by Warnings
 
 
 By DAVID M. HERSZENHORN
 Published: September 19, 2008
 
 
 WASHINGTON — It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.
 
 Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and unusual evening visit to Capitol Hill, and they were gathered around a conference table in the offices of House Speaker Nancy Pelosi.
 
 “When you listened to him describe it you gulped," said Senator Charles E. Schumer, Democrat of New York.
 
 As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC program “Good Morning America”: “The congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.”
 
 Mr. Schumer added, “History was sort of hanging over it, like this was a moment.”
 
 When Mr. Schumer described the meeting as “somber,” Mr. Dodd cut in. “Somber doesn’t begin to justify the words,” he said. “We have never heard language like this.”
 
 “What you heard last evening,” he added, “is one of those rare moments, certainly rare in my experience here, is Democrats and Republicans deciding we need to work together quickly.”
 
 Although Mr. Schumer, Mr. Dodd and other participants declined to repeat precisely what they were told by Mr. Bernanke and Mr. Paulson, they said the two men described the financial system as effectively bound in a knot that was being pulled tighter and tighter by the day.
 
 “You have the credit lines in America, which are the lifeblood of the economy, frozen.” Mr. Schumer said. “That hasn’t happened before. It’s a brave new world. You are in uncharted territory, but the one thing you do know is you can’t leave them frozen or the economy will just head south at a rapid rate.”
 
 As he spoke, Mr. Schumer swooped his hand, to make the gesture of a plummeting bird. “You know we’d be lucky ...” he said as his voice trailed off. “Well, I’ll leave it at that.”
 
 As officials at the Treasury Department raced on Friday to draft legislative language for an ambitious plan for the government to buy billions of dollars of illiquid debt from ailing American financial institutions, legislators on Capitol Hill said they planned to work through the weekend reviewing the proposal and making efforts to bring a package of measures to the floor of the House and Senate by the end of next week.
 
 Lawmakers in both parties described the meeting in Ms. Pelosi’s office on Thursday night with Mr. Paulson and Mr. Bernanke as collaborative, and that they were prepared to put politics aside to address the needs of the American people.
 
 While Democrats initially said after the meeting that they planned to use the administration’s proposal of a huge rescue effort to win support for an economic stimulus package, they pulled back slightly on Friday morning, saying that their top priority was to help put together the bailout package and stabilize the economy.
 
 But it was clear they continued to examine ways to make clear that the government was stepping up not just to help the major financial firms but also to protect the interests of American taxpayers and families by safeguarding their pensions and college savings, and by preventing any further drying up of consumer credit.
 
 In addition to potential stimulus measures, which could include an extension of unemployment benefits and spending on public infrastructure projects, Democrats said they intended to consider measures to help stem home foreclosures and stabilize real estate values.
 
 Among the potential steps Congress can take include approving legislation to allow bankruptcy judges to modify the terms of primary mortgages — authority that the bankruptcy laws do not currently allow and that the banking industry has strenuously opposed.
 
 But the Democrats said it was too soon to discuss such details, and that they were awaiting a draft of the proposal from the Treasury Department.
 
 “We have got to deal with the foreclosure issue,” Mr. Dodd said. “You have got to stop that hemorrhaging..If you don’t, the problem doesn’t go away. Ben Bernanke has said it over and over again. Hank Paulson recognizes it. This problem began with bad lending practices. Those are his words, not mine, and so this plan must address that or I’ll be back here in front of a bank of microphones at some point explaining the next failure.”
 
 Even before the drafting of the plan was complete, the Bush administration and the Fed began efforts to sell the idea of a huge rescue to potentially skeptical rank-and-file members of Congress. Mr. Paulson and Mr. Bernanke held a conference call with House Republicans to explain their thinking.
 
 Senator Richard C. Shelby of Alabama, the senior Republican on the Senate banking committee, said in a television interview that cost to the government of purchasing bad debt could run to $1 trillion — a potential warning sign since Mr. Shelby is a longtime skeptic of government intervention in the private market.
 
 Until Mr. Shelby was interviewed on Friday morning, officials on Capitol Hill had been careful not to discuss specific figures, though the rescue envisioned by the Treasury Department clearly entails a government appropriation of hundreds of billions of dollars.

http://www.nytimes.com/2008/09/20/washington/19cnd-cong.html?_r=2&hp=&adxnnl=1&oref=slogin&adxnnlx=1221853301-GIkfrOeVOvrYWO9PZDUlAg&oref=slogin