$3 trillion corporate credit crunch looms

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I work with a group or friends. We had to be realistic of sceneries and outcomes. We had to weed out a few wannabes. I'm ex military, and I'm not a trained killer, spec ops, etc. I'm realistic, we plan to get out of town quickly, and avoid shootouts /conflicts. Our goal is to survive, and try to organize and group up with others later.
 
During peak times of year, with 7 chickens, I typically get about a dozen eggs a day now. Of course, when they molt though, that dips.

I go through about a bag of feed a month, at about $15 a bag. It's a pretty good return on investment

As my first post on this forum, how do you get a dozen eggs from 7 chickens each day? A bit of a stretch, no? Maybe 80%, so HALF dozen a day? I'm not looking to start a fight but I do try to stay accurate. I've had chickens for years. They can be a good investment (I know one guy who spent $30k on a 20-bird coop, but it was beautiful!).

But let me say something useful. I agree that we are in financial collapse. I see 2 key responses. First, and this is already happening, all nations are devaluing their currency. Just look at the US as an example. If we have $18T in debt, but we devalue the dollar 10:1, then it will only 'feel' like a $1.8T debt which is much more tolerable. Now sure, everyone holding currency will suffer immensely, but the gov't doesn't really care.

The second key has been going on since Carter and is accelerating. Reduced benefits. Inflation has been 5-10% for years. But the gov't has an official 1% inflation. And that 1% is used to calculate Social Security raises. Let me explain how significant that is. At 1%, if you get $100 / month today, next year you get $101 then in 2 years $102. 5 years: $105, 10 years $110, 20 years $122, 30 years $135. Yip yip yipee. But compare this to 5% and 10% real inflation #'s:
Year 1% 5% 10%
0 $100 $100 $100
1 101 105 110
2 102 110 121
3 103 116 133
5 105 128 161
10 110 163 259
20 122 265 673
30 135 432 1745

These #'s are compounded annually. Let me explain. In 5 years, your SS check will be $105. But when you go to the grocery store it will cost you between $128 and $161 to buy the exact same things you bought today for $100. And in 10 years it is $110 income vs $163-$259. That means your rent/food/utility/etc bills are going to be about double while your SS check will hardly change. And if you want to get depressed, in 30 years your check will go up 35% to $135 while your bills go up $432 to $1745.

So what does this mean? Well, you may still get a SS check each month, but it will buy a happy meal. I think the gov't has realized that if they want to control people, they can control 3 times more people by being 30% of their income rather than 100% income of 1/3rd the people. And the gov't tries to 'balance their books' by essentially defunding social security. It's the boil the frog method, nice and slow bring it to a boil.

OK, how's that for a subtle first post?
 
A work colleague wrote a letter to the previous Australian Prime Minister (Abbot) and asked why they are supposed to be conservative government and understand finances why have they not raised the personal tax free threshold levels for like 10years. Inflation above 2 percent and every year small increase in salary but tax free threshold stays the same. In effect every year you end up paying a higher percentage of you wage to tax.
He actually got a response from the PM office saying they acknowledge the threshold level has not been moved in along time but they need to balance the books. Simple gov are broke with welfare expenditure up and we are all getting poorer - but they expect the consumer to save the economy.

Junk bonds had big drop yesterday and a lot of data pointing to imminent financial collapse - according to some it has already started.
http://theeconomiccollapseblog.com/...ds-started-crashing-like-this-hint-think-2008
 

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