Hope that we are not seeing the opening volleys of the SHTF.
MGLICKER
Posts: 7,995 ✭✭✭
A frustrated and disenfranchised population often reaches a boiling point. Too many years of greed and corruption have put the nation on edge.
Strategic holding of metals along with adequate provisions is a plus.
Strategic holding of metals along with adequate provisions is a plus.
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Comments
<< <i>I just learnt that beans when stored properly have an unlimited shelf life.
As does honey!
I think not.
<< <i>A frustrated and disenfranchised population often reaches a boiling point. Too many years of greed and corruption have put the nation on edge.
Strategic holding of metals along with adequate provisions is a plus. >>
If you are referring to middle class working tax payers, I agree. We saw them expressing their frustration in the last election. The way things are going we may see lead, brass, and blued steel as the new precious metals. I sure hope I'm wrong.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer).
<< <i>
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer). >>
You are of course referring to those that still have a job.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
*that of course is due to shrewd and efficient management. Forcing folks to buy their products is to be ignored as the markets are freely traded and not subject to outside influence.
<< <i>A frustrated and disenfranchised population often reaches a boiling point. Too many years of greed and corruption have put the nation on edge.
Strategic holding of metals along with adequate provisions is a plus. >>
So what event prompted this other than Ferguson?
"It's On!" Eric Cartman
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
<< <i>A frustrated and disenfranchised population often reaches a boiling point. Too many years of greed and corruption have put the nation on edge.
Strategic holding of metals along with adequate provisions is a plus. >>
Are you referring to the year 1907?
Knowledge is the enemy of fear
<< <i>So what event prompted this other than Ferguson? >>
One reason I suppose is an economy which leans Socialist when it benefits the 1% (ACA and free money to Tesla and Amazon for example) and of course firmly grounded in Capitalism when the minimum wage is considered.
Difficult to serve two economic masters.
My eyes cross when I see University tuitions doubling in my town as the schools beg for more taxpayer funding. Meanwhile the two head coaches earn a combined $5,000,000. I know that I am simple minded, but that does not add up.
Joe six pack is told that he must provide healthcare to his neighbor, Socialism he is told, is good. Trying to feed his family though, steaks are out, roast is out, chicken and hamburger helper are in. Once again, we revert to the free market when it benefits Kroger, Monsanto and Kraft foods.
I doubt that we can negotiate the tightrope of two divergent economic forces much longer. When we fall, it will ultimately revert back to the right.
Knowledge is the enemy of fear
<< <i>You are a very jealous man, MGlicker. >>
I am on the top of Mt. Lemmon, in front of a crackling fireplace, with the woman that I love.
I am not on the street blocking traffic, burning cars and threatening anarchy.
Many are though and one can try to understand their reasons or one can continue to hide behind a pair of rose colored reading glasses and a copy of the Wall Street Journal.
For the worst case scenario(WCS is cleaner than SHTF), wait for the government's response to food riots in Bakersfield.
<< <i>
<< <i>You are a very jealous man, MGlicker. >>
I am on the top of Mt. Lemmon, in front of a crackling fireplace, with the woman that I love.
I am not on the street blocking traffic, burning cars and threatening anarchy.
Many are though and one can try to understand their reasons or one can continue to hide behind a pair of rose colored reading glasses and a copy of the Wall Street Journal. >>
If your on top of Mt Lemmon with the woman you
in love in front of a crackling fireplace what the hell are you doing posting??
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>
<< <i>
<< <i>You are a very jealous man, MGlicker. >>
I am on the top of Mt. Lemmon, in front of a crackling fireplace, with the woman that I love.
I am not on the street blocking traffic, burning cars and threatening anarchy.
Many are though and one can try to understand their reasons or one can continue to hide behind a pair of rose colored reading glasses and a copy of the Wall Street Journal. >>
If your on top of Mt Lemmon with the woman you
in love in front of a crackling fireplace what the hell are you doing posting??
You got me there, Bidask!!!
<< <i>Part of the stupid tuition can be blamed on expensive campus growth and refurb. Of course with inflation being so low for so long, I'm wrong about this being much more expensive than it used to be.
For the worst case scenario(WCS is cleaner than SHTF), wait for the government's response to food riots in Bakersfield. >>
I think the issue with tuition is once again cronyism . Admin staff is increasing at all of these schools . To contain costs the schools want to cut faculty . Pretty soon they will have more administrators than teachers if they don't already.
What is the purpose of higher education if not to teach? This is happening here in public schools as well. Admin cuts faculty while admin increases .
The goal is no students , no teachers and 100's of bureaucrats shuffling blank papers around with full pensions and the ability to retire at 45
<< <i>
<< <i>A frustrated and disenfranchised population often reaches a boiling point. Too many years of greed and corruption have put the nation on edge.
Strategic holding of metals along with adequate provisions is a plus. >>
Are you referring to the year 1907? >>
Panic of 1907. Could just as easily be 2007/2008. Same stuff....different time
The creation of the FED in 1913 was supposed to be prevent another panic like 1907. Yet they have continued to happen. The banking laws of 1933 were also supposed to prevent a depression from ever happening again. Yet, those protections were removed in 2000-2001. The result was 2007-2009. So what's the "goal" again? Is it to protect the people or enrich the financiers?
Sounds like capitalism to me.
You really think Ferguson is the tipping point?
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
<< <i>You really think Ferguson is the tipping point? >>
Could be. Reaction has been much broader and intense than the Trayvon/Zimmerman verdict. I thought the earlier case was a closer call than a policeman stopping a violent 300 lb adult. Seems to be a geometric progression.
<< <i>Rodney King didn't start a WCS >>
Didnt Rodney "The Pinata" King drown a few years ago?
<< <i>I'm not sure how he died. >>
His girlfriend found him drowned in his pool. Autopsy found drugs and alcohol. No big loss as far as I'm concerned.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer). >>
There was that thread about wages in terms of ounces of gold. They peaked in 1950s/60s/70s. There was an article that said an experienced engineer with a degree today is making about what a minimum wage worker was making in 1960 in terms of ounces of gold per year. Think of that. An educated, experienced professional is now making what a minimum wage worker was making. No wonder virtually no one feels wealthy, even those making a top 10% income. Taxes are likely double or triple what they were in 1960 for the engineer in terms of total percentage taxes paid (state, local, sales, federal, SSN, Medicare, unemployment insurance, co-pays on medical expenses).
The powers that be have done it all with a magic wand and sleight of hand. The engineer feels like he/she has just a job, even though he/she is likely now in the top 10% of U.S. incomes for that age group.
<< <i>
<< <i>
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer). >>
There was that thread about wages in terms of ounces of gold. They peaked in 1950s/60s/70s. There was an article that said an experienced engineer with a degree today is making about what a minimum wage worker was making in 1960 in terms of ounces of gold per year. Think of that. An educated, experienced professional is now making what a minimum wage worker was making. No wonder virtually no one feels wealthy, even those making a top 10% income. Taxes are likely double or triple what they were in 1960 for the engineer in terms of total percentage taxes paid (state, local, sales, federal, SSN, Medicare, unemployment insurance, co-pays on medical expenses).
The powers that be have done it all with a magic wand and sleight of hand. The engineer feels like he/she has just a job, even though he/she is likely now in the top 10% of U.S. incomes for that age group. >>
what was the purchasing power though? Say for a house? Was a house 2X-3X an engineer's yearly salary in the 60's and is a house 2X-3X the salary today? A typical mid-career engineer makes $100K+. Depending on location, that should be sufficient to buy an equivalent 1960's type house today (1800sf, 3 beds, 1 1/2 baths). Now if you have to have a 4000sf house with 5 beds and 3 baths, then that is a different comparison.
<< <i>
<< <i>
<< <i>
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer). >>
There was that thread about wages in terms of ounces of gold. They peaked in 1950s/60s/70s. There was an article that said an experienced engineer with a degree today is making about what a minimum wage worker was making in 1960 in terms of ounces of gold per year. Think of that. An educated, experienced professional is now making what a minimum wage worker was making. No wonder virtually no one feels wealthy, even those making a top 10% income. Taxes are likely double or triple what they were in 1960 for the engineer in terms of total percentage taxes paid (state, local, sales, federal, SSN, Medicare, unemployment insurance, co-pays on medical expenses).
The powers that be have done it all with a magic wand and sleight of hand. The engineer feels like he/she has just a job, even though he/she is likely now in the top 10% of U.S. incomes for that age group. >>
what was the purchasing power though? Say for a house? Was a house 2X-3X an engineer's yearly salary in the 60's and is a house 2X-3X the salary today? A typical mid-career engineer makes $100K+. Depending on location, that should be sufficient to buy an equivalent 1960's type house today (1800sf, 3 beds, 1 1/2 baths). Now if you have to have a 4000sf house with 5 beds and 3 baths, then that is a different comparison. >>
Tough to build those 1960's style houses nowadays. When I first started in construction here in New England in the late 70's we cranked out a ton of that sort of high value housing.
32 x24 capes with unfinished upstairs , bulkhead in the back , fire place on the end . Split level ranches with unfinished downstairs walk out cellars in the back . Full finished garrisons with a 2 foot overhang sometimes . A buyer would put his 20% down cram his girls in one bedroom the boys in another while they were small and pound away at that mortgage until he could afford to finish out the other floor when the kids got bigger and needed some space.
Then all that fell by the wayside in the late 90's and 2000's , it became about keeping up with the Jones's . 6 bedrooms and 3 bay garages for 1 husband 1 wife and 3 cats and a foreclosure 3 years later whoopie
We didn't want to build that crap but we had no choice. Value housing is coming back in vogue in a small way now but its not going to work.
Still too much greed . The only place its happening is the marginal lots and they are too ugly . By marginal I mean lots formerly too wet to build that tax greedy towns are now permitting. Foundations right on grade with a ton of fill trucked in , no trees around the houses affordable but dismal for 20 years probably until the trees grow in .
The new value house is based on ugly cluster type zoning around small cul-de-sac roads not the old middle class streets everyone is so fond of
$100K+ for some engineers seems reasonable. But, I think there are plenty of mid-career engineers working in the $60K to $80K. A lot depends on size of company and particular engineering degree.
I don't know what engineers earned in the early to mid-1960's. But the increase in the CPI and the home prices index from the early 1960's are both roughly equivalent, about a 7.5-8X increase. Another factor to consider in those home buying decisions is that mill rates were probably miniscule back in the day. When I moved into my area 24 years ago, the mil rate was in single digits. Today, it's over 20. The gold price and CPI index were equal at 35 back in 1968 (today it's $1193 gold vs. 237 cpi....5X) Gold is up 34X since then. The Dow is up around 20X.
<< <i>this time (we rehash these same issues in yet another thread) is different? >>
Yet to be determined.
<< <i>
<< <i>
<< <i>
<< <i>If you are referring to middle class working tax payers, I agree. >>
Many have endured a stagnant income for a half decade (or longer). >>
There was that thread about wages in terms of ounces of gold. They peaked in 1950s/60s/70s. There was an article that said an experienced engineer with a degree today is making about what a minimum wage worker was making in 1960 in terms of ounces of gold per year. Think of that. An educated, experienced professional is now making what a minimum wage worker was making. No wonder virtually no one feels wealthy, even those making a top 10% income. Taxes are likely double or triple what they were in 1960 for the engineer in terms of total percentage taxes paid (state, local, sales, federal, SSN, Medicare, unemployment insurance, co-pays on medical expenses).
The powers that be have done it all with a magic wand and sleight of hand. The engineer feels like he/she has just a job, even though he/she is likely now in the top 10% of U.S. incomes for that age group. >>
what was the purchasing power though? Say for a house? Was a house 2X-3X an engineer's yearly salary in the 60's and is a house 2X-3X the salary today? A typical mid-career engineer makes $100K+. Depending on location, that should be sufficient to buy an equivalent 1960's type house today (1800sf, 3 beds, 1 1/2 baths). Now if you have to have a 4000sf house with 5 beds and 3 baths, then that is a different comparison. >>
IIRC, I've seen figures that it takes about double to triple the hours of labor now for the big three purchases for most families: home, car, college vs. 1960 for most working class people. Some may argue that the cars are better now, homes are better now, and college is better. However, that doesn't help much if the goal is to own a home, buy a car, or send a kid or two to college. The double to triple makes sense to me anecdotaly, and is a reason virtually no working class American feels well off, even if they are top 10% in income. Most of the lower 90%, they know they are getting the short end, and many feel like they are sliding a bit lower each and every year.
Cars are better but not three times better. College is most likely a wash, with a high dose of lefty indoctrination included. Homes are generally larger, probably not better though.
Wild card is the cost of medical insurance/care. Certainly more options available, implants, transplants and heroic attempts to extend life. Whether the care is better is debatable. The cost though is nation crushing.
<< <i>""""IIRC, I've seen figures that it takes about double to triple the hours of labor now for the big three purchases for most families: home, car, college vs. 1960 for most working class people. Some may argue that the cars are better now, homes are better now, and college is better. However, that doesn't help much if the goal is to own a home, buy a car, or send a kid or two to college. The double to triple makes sense to me anecdotaly, and is a reason virtually no working class American feels well off, even if they are top 10% in income. The lower 90%, they know they are worse off and most are sliding lower each and every year.""""
Cars are better but not three times better. College is most likely a wash, with a high dose of lefty indoctrination included. Homes are generally larger, probably not better though.
Wild card is the cost of medical insurance/care. Certainly more options available, implants, transplants and heroic attempts to extend life. Whether the care is better is debatable. The cost though is nation crushing. >>
I can't tell you how many I know with that expensive college certificate in their resume that are working at thrift stores, convenience stores, Walmart, Target, grocery stores, etc... while struggling and still trying to pay back college debt. I feel college is becoming a huge waste because the jobs are not going to be there for the graduates if this country doesn't turn things around. Just look around at what is happening, we have welfare at record levels because part time jobs are all that many are able to secure due to employers not wanting give them full time hours to avoid having to pay for OC.
IMO, we are in a race towards the bottom right now(by design, not by accident). The only people who don't realize it are the ones who are brainwashed by the mainstream media and what they report. Either that, or they are part of the system and don't think these issues are ever going to negatively affect them. IMO, they have a wake up day coming. When the system is done with them, they are going to get dumped on as well.
I feel the future will be brightest for those who have skills and understand how to fix and build things. Learn many trades and perfect as many as you can is what I would suggest to the young folks these days. In tough times, everyone still needs a mechanic, a plumber, a carpenter, barber, etc..
<< <i> In tough times, everyone still needs a mechanic, a plumber, a carpenter, barber, etc.. >>
This is excellent advice.... the major college degree that is still in great demand, is engineer. Good ones are secure and making great money. Cheers, RickO
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Until you talk away the people's cable there will be no mass rioting across the country. SHTF won't be over race, healthcare, wages or social unrest any time in the near future. If anything it's about as calm on the streets as I've seen it in quite awhile.
As for the OP's relentless harping on healthcare--- next to no one even knows how it works or what it costs. Another non event. A dud. The socialism comment in this thread literally made my day.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Boo
Liberty: Parent of Science & Industry
Glicker was right, though technically up to 5-1/2 months early. His post was within 3 weeks of the last impulsive Dow top back in early December....within 2.5% of the final all time high. It's just been a series of whipsaws ever since. Actually pretty timely and accurate if you ask me. Even Martin Armstrong is now waffling from his often stated 10/1/15 major 8.6 year market turn when the "big bang" begins. Now he's saying it could end up being in 2017.
Kudo's Mr. Glicker wherever you are. Early birds get the worm....but also the furnace heat for trying to open up people's eyes.
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