I'm not an enrolled member because my total investments aren't a whole lot more than a few stacks of $300 =p
Chris' statement to non-enrolled members is certainly appreciated, and frightening. I'll be glued to this site, but really can't make much more in the way of preps. My handgun is repaired, and Aaron Moyer was so kind as to send me a holster for it (free of charge, through the mail, from this blog). I'll do some targeting with it.
Otherwise, I'm sending Chris' report to people I know who might appreciate it.
Take care, and let's keep connected.
Siloam Springs, Arkansas
New Madrid fault? I'm there.
Come to think about it, who here would have been prepared in your own neck of the woods if...
1. A 9.0 quake had hit your home region, or even a smaller one.2. A blizzard or tsunami came rolling through, a nearby dam gave way, a Category 5 Hurrican or floodwaters came?3. A potential radiation leak / nuclear meltdown was in progress nearby.4. Store shelves of food (especially prepared foods) and bottled water ran empty due to an emergency?5. A fuel supply shock led to long lines or shut downs at the local gas stations?6. Other... (currency crisis, riots, war, etc.)7. Accompanying foods/goods supply shortages due to any of the above.
I think I qualify as long as my house is intact. 50 gallons gas, $5,000 dried and canned goods, silver, hand gun (though only 100 rounds...sorry Chris... Fleet Farm was out of 9mm 380's...think it's a sign?) $2500 in cash and we are on well and septic. Still dont have a generator. If we did I would have water and sewer. Tomorrow I need to make that happen. definitely tomorrow.
We are in northwest Wisconsin so I thing we are pretty safe from earth quake and tsunami. However, I am worried about the Yellow-Stone caldera and an ash cloud... still better off than the rest.
I have been monitoring the inter-bank FX market this evening. I happen to be in a position to do this. There is extremely active JPY trading this evening - especially in USD/JPY. There is a lot more activity than usual.
What is your take on this?
Markm - We had a fairly big day today. The unusual thing is we did about double USD/JPY as we did EUR/USD. That is very unusual. I asked a few folks who would know this kind of stuff. One person said maybe someone fat fingered some large amount at an off market price. Those in the know said no. I asked why the bid side of the pair would just evaporate (which is what happened) especially when there are a large number of prime broker algo trading hedge funds running around the clock ? Those in the know said "Every once in a while events just line up in such a way that for a few minutes you can get market anomalies. Consider this, there are a lot of institutions in Japan that need a lot of YEN right now such as insurance companies, the government (although they can print), big corporations who anticipate issues with production or other cash flow problems. They will be selling lots of assets like US Treasurys, equity investments in various stock markets, corporate paper, you name it. Most of it will be in dollars. They will end up with a lot of dollars. They will need to convert these dollars into YEN. So the FX market players in the interbank market get a lot of orders. YEN has been high for days. You don't want to buy YEN when it is high. So maybe you just sit on the orders. People see the bid side drying up because people are sitting on the orders. They decide to sit. The machines decide to sit. All of a sudden, everybody is sitting. The pair takes a dive then all of a sudden it looks a lot better, people and machines jump in and there is a flurry of trading and the price rises back up. It happens on occasion." That is what they said.
Markm - Looks like it is going to get serious now -
Thanks for starting this thread! I'm unenrolled because I can't afford it and don't have any significant investments. I only have about $50k in an IRA, and I'm taking that out to install some PV, batteries, solar hot water, greenhouse and fence the land this year.
We moved to an old farmhouse on ~3-1/2 acres in Maine in 2001. We insulated, upgraded windows and doors, and put on a metal roof then. Last year we bought a hand pump for our well, a wood cookstove and began learning about permaculture. This year we're planting several food trees. We hope to get some pigs, sheep and a mule or donkey after the fence is done.
I don't see how the system can continue much longer. I no longer expect a single cataclysmic crash as I once did, but I don't see any return to pre-'08 style growth. IMO, the long, grinding 'recession' in the real economy will continue until the casino market collapses.
[Deep breath -- going out on a limb] Please Friends, don't overlook spiritual preparation as well as physical preps. I think there will be no equilibrium for us until we humans remember that we are part of the biosphere that it very nicely can do without, thank you. Life on earth is eminent and unstoppable and we are but a small part of it. Our species will not survive at war with our environment -- we must respect and honor all life on Earth. I've come to believe this world is alive, discarding any notion of wrathful, judgmental gods, or gods who favor us over all else. I've come to believe that the Big Bang was the Creator saying "It is so," and from that moment, the Universe has been striving to know itself as the Creator... leading, so far, to us: the Universe conscious of Itself as Creator.
I don't care what flavor of god/goddess/talking-dogs-from-Venus you believe in, but I beg you to believe in Something higher than ourselves.
(Lest you wonder, I am completing my armory.)
Thanks for the thoughts and the link. I have been away from the computer for a couple of days. Interesting stuff.
A resource for planning for & reacting to the unexpected (storms, natural disasters and other shocks)
Members to support one another in investing endeavors
Preparing those people on Ise Lodge (Kettering) Northants, interested in the future post fossil fuel.
A meeting place for all who are interested in building or sharing a resilient lifestyle up here in the North.
A group to form alliances for survival