How much time to prepare before economic collapse??

Replies to This Discussion

Permalink Reply by American in the D.R. on December 16, 2008 at 4:28pm

THANK YOU STEVE. ROFL.

Some reverse thinking that works. Wait a sec., I’ve lived in Idaho!

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Permalink Reply by moomesa on December 16, 2008 at 2:18pm

Hello all,


Some things going on with heating oil and I can’t find any good local news source on the topic.

I just filled my tank yesterday and while the price was decent I was informed by the guy that delivers it that they are not mixing heating fuel at this time because there is a shortage. He stated that they are adding an additive but it may congeal at low temps because of high wax content, because it’s plain ole #2 diesel.

I found a few tid bits on kerosene shortages but the news I found on that seemed to be specific to North Carolina. (I think)

I would appreciate any input if ya have any. If not, no worries.

Hope you and all families are well.

Your chilly friend

Moo :)

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Permalink Reply by Steve Willmorth on December 16, 2008 at 3:40pm

Moo,
I agree with what Brian said. He and I have the common standing about cold weather living. And I would be more than happy to open my Cornucopic brain to help you.

Questions. where do you live? Just general region (I'm not gonna ask you for a date or anything...). Is your tank above ground or below ground? and how big is it (in gallons)?

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Permalink Reply by American in the D.R. on December 16, 2008 at 4:01pm

Hi Moo,

Sorry to hear about your problem. Nice that we have some knowing people that are willing to help.

I can not help with the freezing problem, my tank in New England was in the basement in the furnace room. For stored Diesel I add something to keep the water and agae down. Truckers must have the problem? Any truck stops near you?

Regards, ADR

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Permalink Reply by Steve Willmorth on December 18, 2008 at 2:46pm

FYI, to anybody interested

Winter treatment of #2 diesel for winter usage is 1 gallon kerosene to 10 to 20 gal diesel to be treated, depending on the area temperatures. There are other proprietary additives used by many fuel distributors for transportation diesel, but kerosene only will work fine for heating oil. If kero isn't available, use the same ratio of #1 diesel as an additive.

If your supply is above ground and sustained temperatures are below 20 F something as simple as a heavy tarp over the tank and a 100 watt lightbulb could bring the fuel temps above gel levels, if no additives are available.

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Permalink Reply by Todd McKissick on December 17, 2008 at 10:59am

"'There is an internal cultural jihad under way against our great nation'"
Bad assumption.

As we've discussed before, I don't see the religious parts of these techniques being implimented in this country. As we've also discussed, the financial techniques support a better working economy where the bank user gains from the banker not having such power over him. Kudos to AIG (in this situaiton), down with usury and may the flees of a thousand camels decend upon those too beholding to the current banking system to see the difference.

Great catch, Larry.

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Permalink Reply by Steve Willmorth on December 17, 2008 at 3:14pm

Of all the red herrings reeled in in the last couple of years, this "creeping sharia" stuff has to be the biggest one. A real whopper.

I couldn't start to count the supreme court rulings on the subject of the establishment clause of the constitution ("Congress shall make no law respecting an establishment of religion"), or the free exercise clause ("... or prohibiting the free exercise thereof").

But, comes now before the court (sooner or later) Murray v. Paulson. It will seek to cause the American Public, now an owner of 85% of AIG, to walk away from its 85 Billion dollar investment. All over an investment made years ago that represents way less than 1 percent of AIG.

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Permalink Reply by Todd McKissick on December 18, 2008 at 12:38am

I fully agree that it would be a concern for future legislation. Hmm.... Isn't your article a prime example? But that is why I seperated the two sides and only supported the financial "principles" of such a system. Certainly, the religious side would never fly and keeping them tied together will probably keep the financial side from working too. The problem I have is if any new "good" practices get labeled as Sharia related, will that mean they get killed by association?

Ray of Hope: Met with a company tonight that offers a lease option on all types of company purchases. In reality, it seems to work like a business loan without the compounded interest factor which I see it as leaning toward some of the Sharia principles. It has strong global backing (9-12 figures) and strong incentives for lesees and could make quite a difference in the credit game. If others see it as a profitable path during a time when few are, more could follow in it's footsteps. There's a remote but very real possibility it could be a turning point. (a guy can hope, right?) But.... my question that's relevant here is, what would happen if it got wrongly labeled Sharai-like and that stuck?

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Permalink Reply by Todd McKissick on December 18, 2008 at 7:28am

Straight from the Fed itself:


For immediate release

The Federal Open Market Committee decided today to establish a tartarget range for the federal funds rate of 0 to 1/4 percent.


Since the Committee's last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite strained and credit conditions tight. Overall, the outlook for economic activity has weakened further.

Meanwhile, inflationary pressures have diminished appreciably. In light of the declines in the prices of energy and other commodities and the weaker prospects for economic activity, the Committee expects inflation to moderate further in coming quarters.

The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability. In particular, the Committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.

The focus of the Committee's policy going forward will be to support the functioning of financial markets and stimulate the economy through open market operations and other measures that sustain the size of the Federal Reserve's balance sheet at a high level. As previously announced, over the next few quarters the Federal Reserve will purchase large quantities of agency debt and mortgage-backed securities to provide support to the mortgage and housing markets, and it stands ready to expand its purchases of agency debt and mortgage-backed securities as conditions warrant. The Committee is also evaluating the potential benefits of purchasing longer-term Treasury securities. Early next year, the Federal Reserve will also implement the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses. The Federal Reserve will continue to consider ways of using its balance sheet to further support credit markets and economic activity.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Christine M. C******; Elizabeth A. Duke; Richard W. Fisher; Donald L. Kohn; Randall S. Kroszner; Sandra Pianalto; Charles I. Plosser; Gary H. Stern; and Kevin M. Warsh.

In a related action, the Board of Governors unanimously approved a 75-basis-point decrease in the discount rate to 1/2 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of New York, Cleveland, Richmond, Atlanta, Minneapolis, and San Francisco. The Board also established interest rates on required and excess reserve balances of 1/4 percent.


I find it interesting that the mainstream news and even the title of this press release focused only on the very last sentence and ignored the part where they're going to start buying up individual homes and businesses.

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Permalink Reply by American in the D.R. on December 19, 2008 at 4:21pm

Hello everyone and Seasons Greetings,

My main puter died and I have been trying to work off an Itty Bitty back up while the main one has been going around the D.R. to be fixed. You would not believe the "ideas" on how to fix it. LOL. As I have stated before, we don't have a Home Depot down here and computer fixing is much, much more of a problem. I can do better just hitting it with a hammer.

I did buy a new one but today, but will have to program from Spanglish to English enough so that I can function. Meanwhile, I have some friends coming down in a couple of weeks that will bring a real one with them.

NOW... I wish to extend my sincere THANK YOU to PD and all that made this thread the MOST IMPORTANT... MOST INFORMATIVE... MOST THOUGHT INSPIRED thread that I have been able to partake in.

OVER 5000 RESPONSES! EVERYONE should be proud. Mr. Pickens should be proud.

I hope that we can continue to share and exchange information, ideas, articles and grow after the New Year.

Respectfully, ADR

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Permalink Reply by American in the D.R. on December 19, 2008 at 4:59pm

(Psssssst! Would not hurt for Mr. Pickens to give a little "thank you" to ALL on this site.)

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Permalink Reply by American in the D.R. on December 19, 2008 at 6:07pm

I just got another "personal message" from Boon. Yet he has never answered ONCE on his on site.

YA KNOW.... To support a cause and direction is one thing. To have the leader... the person that I/we are supporting NEVER show has gone beyond INSULTING.

I'll do what I need to do that works for me.

As for BOON.... I'M DONE! He is on his own.

Bye, bye ADR

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