Hobo Nickels

Hello Everyone. I am well and I hope you are too.

The News:

A global drought is settling in. This is really bad. Millions of people around the world face an extremely uncertain year. This will cause a great deal of conflict as the months wear on. I don't know how ugly this will get...

No Water!

Estimates figure a half million jobs were lost in our nation last month. We can assume this is conservative.

522,000 jobs lost in January

Again, 7.6% is very conservative. I reckon the number to be closer to 10% maybe even higher around different areas of the country.

Unemployment Rate Hits 7.6 Percent in January

This is a domino effect, we can expect unemployment to skyrocket. As folks loose work, they spend less, causing more folks to loose work, ect, ect.

U.S. job losses accelerate


The TARP failure. Throwing good money after bad, would be a delightful understatement. Its not a question whether it was "big" enough or not. The very basis of this idea is flawed. This money was about as useful to the average citizen as a kick in the mouth. Technically we have to re-pay this money with interest. There is no way it will ever be payed back, short of enslaving the entire American population for a few generations. The debt will be defaulted. The economy is about to bite the big one people. More "stimulus" is a mute point.

TARP Shortchanged Taxpayers $78 Billion

TARP legislation a failure

Another 825 billion stacked onto the funeral pyre. The dollar is being debased, and it won't stop here. The more dollars being created the less wealth we all have. This amount of money is mind boggling. If you counted one number per second it would take you around 28,000 years to count to 800 billion.

Economic stimulus package offers "hope" of recovery

The United States is a big ship, so it will take a little while for the public at large to realize this sucker is sinking. Too many people expect the government to help them. In reality, there isn't much that can be done. In reality depending on the government is nucking futs. It almost seems like they are purposefully speeding up the disintegration. The Fed will start buying US treasury bills (they have no other choice), because no one else will. Monetizing the debt, is the most hyperinflationary thing that can be done to any currency.

Federal Reserve Ready to Start Buying Treasuries

Couple this with a global loss of confidence in the American people's ability to re-pay the debt ever. Couple this impending global famine. Couple this with a possible expansion of the war in the mid-east. The stage is set for some true madness. We are right on the edge.

When gold and silver break loose from the price manipulation, it cannot continue forever. The market is extremely tight. Silver premiums in Europe are insane, if physical silver or gold can be found at all. When they break loose and and they will, it will be the beginning of a run on the dollar.

What to do? Get gold or silver while you can. If you don't know where to start, look at my past post on some advice on how to. Its not a risk free investment, just a heck of lot less risky than hanging on to dollars. Keep storing food! If you live in a dry climate store water! If there is plenty of fresh water around, then invest in some purification equipment. Prepare for the worst. Again, I know you have the moral courage to hold the line. We have to depend on each other and ourselves to get through this. Remember in the end we will be better off without all this needless excess. Staying positive is half the battle.

He that lives upon hope will die fasting.~~~Ben Franklin

Prov.
18:24
A man that hath friends must show himself friendly, and there is a friend that sticketh closer than a brother.

With Love,

Joshua F.