Tuesday, November 29, 2011

Desperate Times

To say these are desperate times is both a "no brainer" and a bit of unmerited anxiety.

China and the U.S.

It looks more and more like China and the US will be squaring off for a fight. Not too long ago, it was the US and N.Korea. And it has always been that way between those two countries and the US. Especially in the 70's and 80's when Communist operatives in our universities and media were telling us that China had no expansionist agenda and would never be a threat to us. Purely defensive, they told us. Right.

But in the grand scheme of things, these countries are, right now, just a distraction from what everyone familiar with the Kingdom of God and Biblical Prophesy knows we should be watching (and for those who don't know, it is Israel and her enemies).

Wars and Rumors of Wars
When the U.S. Navy deployed warships in the Yellow Sea in a show of support for the South Korean government, Beijing denounced America, blandly denying North Korea’s guilt. The Chinese claimed that they were merely displaying even-handedness and restraint, but an exasperated President Obama said: ‘There’s a difference between restraint and wilful blindness to consistent problems.’
Washington is increasingly sensitive to the fact that its bases in the western Pacific have become vulnerable to Chinese missiles. This is one reason why last week the U.S. made a historic agreement with Australia to station up to 2,500 U.S. Marines in the north of the country.
Beijing denounced the deal, saying it was not ‘appropriate to intensify and expand military alliances and may not be in the interests of countries within this region’.


While the Global Warming (oops, I mean climate change) wackoes are still telling us we are about to run out of oil and our carbon emmisions are changing the global climate, a quiet change in the crude oil and natural gas supply has now produced easily harvestable reserves that will last for more than 40 years. Maybe more than 100 years.

As for the Global Warming Wacko crowd. These are the people who look at a roller coaster and believe the people on that little train are causing it to go up and down and around. The tracks are just incidental. Man Made Global Warming or Anthropological Climate Change, or whatever you want to call it is now know to be a complete fraud. Apparently made up by some guys in a university to keep them in scholarship (or fellowship) money. It just snowballed from there, as certain LEFTIST liberals found ways to turn weak minded people's anxiety into cash.

Global Famine.

Well this one is real. But maybe not immediate. Others have been writing about the famine that I wrote about. But as I said a few weeks ago, it doesn't look like it will be a major famine next year. Of course, anything can happen, and we could face a major famine even a couple of months from now. But it currently doesn't look that way.

With grain supplies still tight and worldwide demand growing quickly, food price inflation looks set to remain high and even worsen in the years ahead.
It will likely take years of near-perfect crops to replenish global stockpiles of corn and wheat, the staples of the world food system, and minimize the risk of price spikes.
Stockpiles of corn in the United States, the No. 1 producer, are forecast to drop to 16-year lows — 870 million bushels — by summer 2012. As a percentage of use, that would be the second-tightest since the Dust Bowl devastated crops in the 1930s.
This time around, crops are historically large, but demand is also surging due to Chinese consumers and U.S. ethanol producers.
As for wheat, the United States Department of Agriculture (USDA) projects world inventories will improve by June 2012 to reach 182 million tons, up from their 26-year low of roughly 126 million in 2007-08 during the last run-up in prices. But growing demand, notably from the livestock sector, will keep prices high, as will a scarcity of high-protein, high-quality milling wheat.

Israel and Islam.

This is Real. And Big.

It is looking like Israel will take a preemptive strike against Iran

Israel believes it could carry out military strikes against Iran's nuclear facilities and suffer fewer than 500 civilian fatalities were Tehran to retaliate, the country's defense minister said on Tuesday.

Ehud Barak raised the prospect of military action with Iran once again as he hinted that splits in the international community over imposing sanctions regarded as crippling enough by Israel could leave the Jewish state with no option but to take matters into its own hands.

Economic Disaster in Europe

This one is also real. But we don't know when the meltdown will occur, or how long it will last.

The biggest problem in our economies today is that the money we need to invest or use today, was spent several years ago. This is true throughout most of the western world. The next biggest problem is that those who seem to be willing to either bail us out or buy up the shattered remains of our self destructed civilizations are our enemies.

I have said before, on this blog, that the insanity has gone on so long that a sudden removal of the insanity would be disastrous, and that continuing the insanity will be disastrous, but that we as individuals need not participate in the insanity.

I said at the beginning of the month that the banks are still safer than hiding money under your mattress, but that "the margin is getting thinner." Well, things have gotten worse, and it looks like it will only be a matter of time before there is a melt down in Europe, with the economic destruction spreading to the US. Now may be the time to begin watching the silver and gold markets and moving some money into silver and gold coins, if you haven't already. And I mean physical coins that you have in your hand, not certificates. Of course that means you will need physical security. A safe deposit box might be ideal, or not. If the melt down is severe enough, the banks will lock their doors and you will not be able to get in. I have researched home safes, and can say that anything is better than nothing, but most home safes can be broken into. What you need depends on what you have. I am fortunate, as I have very little money, I don't need much of a safe. (Maybe I should bury a coffee can in the back yard?)

We came close to a meltdown and run on the banks

By Bob Ivry, Bradley Keoun and Phil Kuntz - Nov 27, 2011 6:01 PM CT
Bloomberg Markets Magazine
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy.
And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
This could go under "disaster prep" also
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.
The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.
A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.

Run on the banks?

24 November 2011
Don't mention the R word
By Laurence Knight Business reporter, BBC News
R is for run. As in bank run.

IMF said to be readying Italian bail-out 28.11.11 @ 09:29
By Leigh Phillips
BRUSSELS - The International Monetary Fund (IMF) is preparing a multi-billion-euro rescue of Italy, reports in the Italian media on Sunday (27 November) claim.
The Washington-based lender is in talks readying a €600 billion assistance package for Rome in return for swingeing austerity and structural adjustment measures, according to an article in Italian daily La Stampa, quoting unnamed officials in the American capital.
Spain meanwhile may not need a full bail-out programme and be offered instead a credit line.
Buttressing speculation that the IMF is set to bail out the eurozone’s third biggest economy, ECB member and Bank of France governor Christian Noyer was asked directly by reporters whether the IMF is preparing a programme of support for Italy, but he refused to comment.

A note on my lack of style in this article.

I didn't have time to embed the links properly this time, I left them in the raw form I use in my notes.

1 comment:

Rob said...

It seems we are rapidly heading down the path to destruction. However, every time I think it's coming, "they" are able to kick the can down the road. It does seem that each kick is getting a shorter hang time.