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    From: Firearms Training: Oct 18-21, 2019
  • Sat, Sep 21, 2019 - 4:36pm

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    Chris Martenson

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    Joined: Jun 07 2007

    Posts: 4712

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    All signed up!

    I just received notification from FTA that lodging will be at the Silverton. It is suggested that if you are in the carpool you stay there. Last year they ran out of rooms, so book soon! I believe the Berkey is next door but more expensive.

    I just booked Evie’s and my room at the Silverton.  I’ll also be getting a car.  So we share rides to/from Front Sight.

    Maybe we take the car, maybe it makes more sense to pile into the vans…just got an option.  Last year it was good to have an extra car on one of the days…

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  • From: The Importance Of A Resilient Life
  • Sat, Sep 21, 2019 - 4:06pm

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    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 480

    Moving

    Bugging out has it’s appeal.  There have been people trying that approach sine at least the 70s.

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  • From: The Importance Of A Resilient Life
  • Sat, Sep 21, 2019 - 3:42pm

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    brushhog

    brushhog

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    Joined: Oct 06 2015

    Posts: 55

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    We're here trying

    My wife, young son and I are out here doing it so it can be done. I’m glad to read that we can check most of the boxes on the list. We have multiple income streams. Wife works part time outside the home. I have income producing investments including one rental property.
    Our home is a nice 100 acre property with excellent soils, good variety of hard and soft woods, nice neighbors, and family close by. House is set back and not visible from the road. Lots of deer, turkey, several creeks, and about 20 acres of open pasture on which we graze a few cows and sheep. We have a hay field for winter feed.
    We heat only with wood and have very good well water. We are about 20 miles from the town. Close enough to get to without hassle, but far enough to get away from the drama there.

    I think we are fairly resilient but there are still lots of things that I see we are lacking in. I rely too much on fossil fuels. I know it. There is no way I could bring the hay in without running the equipment. So this presents a problem if oil becomes scarce. We have no way of preserving meat without electricity either. I have plans to put in a smoke house at some point and would love to dig a root cellar.
    Theres just so much to do it sometimes seems overwhelming. Im hoping to have all the major pieces in place before I hit 50 in a few years. Then maybe I could slow down a little, lol.

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  • From: Firearms Training: Oct 18-21, 2019
  • Sat, Sep 21, 2019 - 3:29pm

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    Bleep

    Bleep

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    Joined: Mar 07 2017

    Posts: 15

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    Lodging for Front Sight

    I just received notification from FTA that lodging will be at the Silverton. It is suggested that if you are in the carpool you stay there. Last year they ran out of rooms, so book soon! I believe the Berkey is next door but more expensive.

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  • From: The Importance Of A Resilient Life
  • Sat, Sep 21, 2019 - 2:08pm

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    Crapper

    Crapper

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    Joined: Jun 01 2019

    Posts: 7

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    A Dark Age is coming - challenge your values!

    “It’s time for good people of impeccable character — like you…”

    “Impeccable character”???? Really??? We’re heading into a decline, a collapse, … death, starvation and desperation. School teachers will be had for $20 (like in Greece) or only $2 (like in Venezuela) …. not for an hour, but for a whole night… but only if they’re young and pretty! Wink, wink! I’m not joking, this is what happens when society BEGINS to falls apart. When society enters the final Dark Age collapse, values have to change rapidly, or you die, Die, DIE!!!!!!

    So from Crapper, here’s a few pointers to expand your imagination. Hate and violence will be winning attributes. That’s right… and that’s only the start. Connect with your inner self and embrace the hate. Then get yourself off to the local fight club and learn how to take a whack to the head without losing one’s senses. This is just the beginning of preparation.

    Any community you connect with must look like you – and skin color/colour is EVERYTHING! If you think you’re gonna be accepted by a bunch of people who don’t look like you just because you want to hold their hands and sing kumbaya then you’re kidding yourself. Racial slaughter is standard fare in a Dark Age.

    And one further note to wet those mental juices: where are you gonna get the protein when the famine sets is? Chickens? Yeah, maybe. But they’re best used as bait, for thieves…. lots of protein on those “two-legged pigs” we see all around us every day. You think I’m ridiculous? Outrageous? Disgusting? Abhorrent even? Study up on famines as I have. Study Dark Ages throughout history as I have. It opens one’s preconceived ideas of how the world should work and how it does work when the proverbial doo-doo hits the fan.

    This civilization is doomed…. just like the Titanic. I say crack open a beer and enjoy the show… but be connected with your inner savage for when you jump on the first life boat, laughing with manic glee at those left behind with a raised middle finger… and enter the dark night of what we once knew.

    The Age of Disintegration starts in the coming decade (only a few months away). Our world will change rapidly, and so much our values. What won in the age of ascent will lose in the age of decent. Very sad… but very true.

    I’m off to holiday in Southern Europe next week … I’m all stocked up on $20 notes (just kidding!).

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  • From: Daily Digest 9/21 – Young People Take To The Streets For Climate, Nature ‘Unraveling’ as N. America Loses 3B Birds Since 1970
  • Sat, Sep 21, 2019 - 11:16am

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    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1486

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    Talk about a black swan!

    https://www.armstrongeconomics.com/markets-by-sector/interest-rates/the-panic-in-interest-rates-is-just-getting-started/

    Overnight financing (REPO Rate) is a basic function which holds the economy together. Those who trade on leverage rely on the REPO market (Broker-dealers, hedge funds, and institutional). It is rarely written about for it is not generally seen by the public. The events of the past few days is a clear warning sign of what I have been yelling about which is on the horizon. The central banks are TRAPPED and in Europe, they have destroyed their bond market with more than $15 trillion and perhaps up to $17 trillion in negative-yielding bonds ($1 trillion is corporate).

    Before the 2007-2009 crisis, the Repo Rate was actually the only financial instrument which paid a rate of return that could become NEGATIVE under normal market conditions. NEGATIVE Repo Rates can happen when there is a shortage of cash or particular collateral security, like negative-yielding bonds, are put up to borrow against. Therefore, trying to borrow against a negative-yielding bond can present a crisis. The standard Repo contracts, such as the Global Master Repurchase Agreement (GMRA), have been drafted under the implicit assumption that general collateral (GC) Repo Rates would only ever be positive.

    What has transpired is the buyers of these negative bonds have been simply traders. They have not bought this stuff to actually hold to maturity. They have been happy to trade them assuming rates would continue lower so it would be a bond rally. We are looking at SERIOUS credit risk once again but instead of the time bombs being mortgage-backed securities, this time it will be negative-yielding bonds issued by governments. The bond markets have been converted into a child’s game of musical chairs. When the music stops, someone will be left holding negative-yielding bonds that will only be salable at even deeper discounts of perhaps as great as 50% in a few years.

    About 30% of the bonds issued by governments and companies worldwide are trading at negative yields which is now about $17tn of outstanding debt. This unprecedented reversal of normal practice has raised profound questions about the outlook for bonds. This is seriously impacting core holding for institutional investors.

    The interest rate risk that negative-yielding bonds carry is beyond unbelievable. It is totally artificial supported only by punters. The financial system simply doesn’t work with negative rates and this is also contributing to shortages of cash for Repo markets. A slight rise in interest rates will create a massive debt crisis and if you undermine the bond market, that is what creates great depressions. Negative yields have been confined to places outside the USA and the intervention of the Fed implies they are not prepared to allow negative rates to undermine the US economy as they have done in Europe.

    Unlike the 2008 crisis where the time bombs were private debt, Tuesday’s abrupt rise in short-term rates wasn’t obvious that the financial system was in trouble because sovereign debt is assumed to be AAA and risk-free. Not sure whoever started that huge lie.

    Nevertheless, we have a convergence of forces which are creating the perfect financial storm on the horizon. Immediately, corporate tax payments are due so corps have less cash to sell overnight. Then there are big Treasury auctions as deficits continue to rise for governments always borrow, yet never pay off the debt as if this can continue without end.

    I have been warning that we are headed into a major financial crisis that will be a liquidity event which involves government – not simply the private sector as was the case in 2008. So buckle-up. I have been warning this is something NOBODY has ever witnessed before and if Socrates was actually alive, he would be screaming bloody-murder by now.

    🤔 😳 🤯

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  • From: The Importance Of A Resilient Life
  • Sat, Sep 21, 2019 - 10:18am

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    phoenixl

    phoenixl

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    Joined: Nov 01 2015

    Posts: 8

    9+

    northern Wisconsin

    I’m a prof at UWGB and point these things out to students (bigger and more things you don’t need) but still many are invested in big trucks/boats/ATVs. I try to drive home that technology won’t save you, but changing your ways in every sense might –or at least delay for much longer what you might have to endure. This does not make me popular with the physical sciences/engineering/economists. It’s time to retire and move somewhere where resilience is still possible. Still trying to settle on where that is.

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  • From: Daily Digest 9/21 – Young People Take To The Streets For Climate, Nature ‘Unraveling’ as N. America Loses 3B Birds Since 1970
  • Sat, Sep 21, 2019 - 9:50am

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    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2956

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    New York Fed to continue operations in overnight funding market until mid-October

    New York Fed to continue operations in overnight funding market until mid-October

    In an announcement Friday, the New York Fed said it will continue repo operations through Oct. 10. The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each.

    The repo market provides banks the short-term funding they rely on to operate. Normally, the process works smoothly but liquidity shortfalls can gum up the works and, in the worst case, can cause financial crises.

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  • From: The Importance Of A Resilient Life
  • Sat, Sep 21, 2019 - 6:19am

    #

    LesPhelps

    Status Silver Member (Offline)

    Joined: Apr 30 2009

    Posts: 480

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    It’s not just the leadership that is lost...

    Almost every day, we walk around a delightful 290 acre lake in Central Wisconsin.  We get to watch people water skiing, riding jet skis and fishing, frequently in boats that are not only oversized and over powered for the lake, but IMHO, for the “sport” of fishing entirely, with the possible exception of offshore fishing in the ocean or Great Lakes.

    People don’t ski in normal size boats, with 100 hp outboards, like we did, when I was young.  Mostly, the ski in far larger, more powerful boats.  Some of the private ski boats we see are dedicate $70,000 ski boats that dwarf normal boats.

    Our lake is home for a water ski team.  It’s also the home for an annual water ski team competition.  Many of the ski team boats are monsters with two 300 hp outboard motors.  There are always a half dozen or so ski boats with THREE 300 hp outboards… 900 horse power boats dedicated to water skiing.

    But, that’s just recreational energy irresponsibly.  There are more hideous signs of how misguided the society we live in is:

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  • From: Ben Hunt: Prepare To Get Burned
  • Sat, Sep 21, 2019 - 6:06am

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    Ejohnson

    Ejohnson

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    Posts: 14

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    Good question

    I would roughly define objective truth as external truth that exists regardless of your or my individual opinion about it.

    Physical constants like gravity are a good illustration, but so is the recent Saudi oil refinery attack. Theories and sponsored narratives abound, some more plausible than others, but only one thing actually happened in time and space, even if you or I never find out definitively what that was.

    I’m a Christian, so I would also argue there is a moral component to objective truth as well, and would  agree with the assertion that our minds have a limited, finite perspective, but I don’t want to pull this discussion too far off the topics discussed in the podcast.

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