Muck’s Minute #13

I’ve noticed in the last four-five months that the comments and blogs that I somehow manage to keep up with on a mostly daily basis have begun to have an edgy sound to them. This even includes chunks of the bought and paid for media who are beginning to quiver! Worry has led to resignation which – over the last few months has begun to appear as fear, apprehension and as downright despair.

Now this isn’t coming from the normal gloom and doomers like Casey and Stockman and so many others but from officers of the Federal Reserve, conservative columnists and more (apparently) level headed spokesmen.

It is coming from the pieces of the Obummer Administration – for example, that part of the garbage dump on the Potomac that is supposed to reimburse the so called “Insurance” companies who popped up like maggots to handle Obummer Care. As of today, at least four of these parasitic operations have folded like cheap suits due to not being paid by the Federal Government to cover their bloated expenses.. This, in turn, has dumped something like 60,000 people (almost all poor, many black and ignorant) out on their butts with no medical insurance at all.

Surprise! The Fed’s didn’t pay because the Fed’s don’t have the money! (oooops!)

Besides that, the total “sign-up” for Obummer Care is slightly less than1/2 the number necessary to keep it solvent – again — Surprise!! The half that needed to sign up and didn’t should have been young, healthy individuals who would gladly pay premiums while not using medical services in order to subsidize all those old sick fuckers who were more than happy to sign up for a discount program. We knew before it was started that there were not that many idiots around.

It was bound to fall flat on its’ ass before it even got started. The Feds were told by many economists and experts from both parties that the whole shebang was a pie-in-the-sky piece of shit and would fall apart when placed into practice.

It has and now we await the crumbling and crashing sounds as pieces of it come off and hit the ground with a bang!

Very much like the other Ponzi schemes now running – Social Security (“Sorry, no raise for you this year as inflation is 0%!), Disability (same shit), military pensions – hell, DOD contract payments to our massive and 90% unnecessary military/industrial complex.

The Federal – Government- is – out- of- real-money.

Sure, they make scam computer entries at the Fed to buy any and all paper “assets” (like stocks, bonds, Treasury Bills, etc. etc.) which they launder (i.e wash) into fake “assets” issued by the US Treasury or banks. The Federal Reserve is now BUYING 100% of Treasure issue debt because no one else in the world (unless a pre-arranged “buy back” or “swap” is arranged) so we have a massive fake money whirlwind – which includes forcing the price of gold and silver DOWN by “leasing” U.S. Government Stocks (again, a computer blip) to be sold on the forward markets to force the price down. Then they become more paper “assets” , never to be delivered with either the Treasury or the “chosen few” megabanks buy the paper precious metal “paper” and “loans ” it at (fake) interest back to the Government.

Round and round we go Ponzi Squared until – until – until it stops.

What will cause that? More things like today when Citi-bank will not accept cash to deposit into any third party checking account. Like today, when my medigap and Part D fake insurance costs rise 10-20% for next year. Like yesterday when an ordinary shopping day at Wally’s World for groceries cost me $200 plus (for two people) when 10 months ago that same inventory groceries cost me under $100. No inflation here? Bat shit. The Fed’s have ALREADY hyper-inflated the money-supply — just go look at the Fred Chart of the money supply. It will make you puke.

All we are now doing is churning and churning, things like pharmaceuticals and medical and food and housing expenses squeezing out the cracks and crawling higher and higher in the natural inflation/dollar devaluation cycle that would have already happened after Paul Volker quit the Fed. (By the way, Old Paul was the last Fed Chairman who solved inflation the correct way – go check the Fred Charts on interest rates when he kicked them up to 15%, dumped the country into recession and made it possible for us to prosper a few more years before this leaky and runaway flood of trying to hide dollar devaluation that is now underway.)

Old advice! Never fight the Fed. New Advice: Arrange your affairs and your savings and your owned assets so that no matter what happens (short of complete collapse or war) whatever the Fed and the U.S. Gov. does can do only minimal damage to you and yours.

Beware! It comes ever closer..

Old Muck

Author: MuckAbout

Retired Engineer and Scientist (electronic, optics, mechanical) lives in a pleasant retirement community in Central Florida. He is interested in almost everything and comments on most of it. A pragmatic libertarian at heart he welcomes comments on all that he writes.

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card802
card802

Sigh………….”until – until – until it stops.” And when it stops I’ll assume lots of bad things will happen.

Gayle

My current mindset revolves around the value of a day. I shall rejoice because another day passes and the economy hasn’t (completely) collapsed, WW III hasn’t yet developed to the point where my life is impacted, transportation still works so I can get eye drops to stave off blindness from glaucoma, I can still run around greater L.A. and travel to visit remote family and friends, I have access to billions of pieces of information as well as some truth from a handy device I hold in my hand, I can purchase a huge variety of food from nearby stores and farmers markets, etc. etc. Electricity and running water remain available 24/7. How long such conveniences and pleasures remain is the question that preoccupies many, including me if I let it. Be as prepared as you are able, then let it all go and enjoy what time we have left by treasuring each day with a thankful heart.

Pollyanna signing off.

James the Wanderer

YOU cannot issue false securities and have them accepted – what makes you think the FED can, or can forever? The history of money is full of examples of bad paper that went to zero, from the first Chinese experiment with it (around 1400 A.D.?) to the Continental to Confederate currency to Weimar Marks to Zimbabwe bucks and so on, but you think the US Dollar will survive forever?

ANY DAMN IDIOT can scrawl symbols on paper, it’s only ACCEPTANCE that allow you to trade paper for real goods. As long as there’s another idiot who will accept that paper for HIS real goods, all is fine and well. THE DAY there are no more idiots willing to accept the paper YOU are holding for their real goods, YOU have a problem. We all will have a problem – and the solution will not be easy, simple or painless.

ACCUMULATE some real goods of your own, to barter with your neighbors for what you need that they have and are willing to trade. Amazon will not make deliveries of scarce goods when the currency devalues – besides the likelihood that all Amazon packages will be stolen off your front porch (happening a lot now around here, and we’re relatively low-crime now) they will be hard-pressed to find drivers / delivery services for what they want to pay, once a loaf of bread is $50. Trade will become PERSONAL and LOCAL again, because any other kind will be logistically impossible. Learn useful skills, have the ability to fix, repair and design things – or learn to DO WITHOUT.

bb

Old Muck , in other words the only real protection you have in this world is God’s Moral Law .When a society , a people abandon God’s word and His laws God abandons them to vice or His wrath. It is called God’s Wrath of Abandonment, Then the law of Sowing and Reaping comes in to full force.

The wicked shall be turned into hell ,and all nations that abandon God .Psalms 9:17
The wicked prowl on every side ,When vileness is exalted within a nation . Psalms 12:8

Muck would you not agree something EVIL is coming our way? I hope you don’t die anytime soon.God bless.

bb

Gayle my Lady , I totally agree .*About all we can do at this juncture in our republics history.After traveling into many of our nation’s largest cities I am convinced the urban areas are doomed . Stay out of the big cities including LA if you can.Stay alert . Remember situation awareness at all times.

Fiatman60
Fiatman60

Fiat money is a lot like a card game……..

Sooner or later someone big is going to declare “This is too rich for my blood”, and folds

That sets up the chain reaction of doubt…. doubt that he cannot afford to take the losses.

Lysander
Lysander

The long, slow grind down into serfdom. This is what I’ve always feared. Better a horrific collapse into mayhem than this. At least with danger there is also opportunity.

Better MadMax than this. I’d rather see it like The Thirty Years War in Europe. Now, that was a game changer.

Please Odin, not this pathetic way to end. Not going out with a whimper. No civil war, no revolution. No chance to really change things, no way to make things right. No chance at payback. No justice. Nothing but unending misery and fear as chattel to the Master and his minions.

Just extend and pretend forever….Dow Jones to infinity and a loaf of bread costs a day’s wages. The standard of living drops to third world levels and we end up as I feared…a squirming mass of nobodies, clawing over a scrap of food, while the uber rich live like emperors.

Llpoh
Llpoh

Thanks Muck. We are doomed.

bb

Thanks Muck .We are doomed.

IndenturedServant

Muck said:
“New Advice: Arrange your affairs and your savings and your owned assets so that no matter what happens (short of complete collapse or war) whatever the Fed and the U.S. Gov. does can do only minimal damage to you and yours.”

I’m way ahead of the majority of sheep by about 9 years………or a lifetime if you want to count useful life skills and abilities I began accumulating as a kid.

In other newz, I live at 47.65 degrees north latitude, it’s November 1st and I still have tomatoes growing in the ground and ripening. Haven’t had to cover them at all. My wife decorated two white garbage bags as ghosts and pulled them down over the two tomato plants at the end of our front sidewalk. They looked like short, fat, midget ghosts and she added a flashing white LED under them look cool too! The rain last night caused all the worms to come up and lay on the sidewalk last night. On any other night this would not have been a problem. Since last night was Halloween, our walk looks like a worm killing field from all the chirrens stepping on them.

bruce
bruce

Doom……. it’s here, its going to get real, real bad before it gets worse. Violence murder, chaos, mayhem, starvation, pain, agoney and suffering for all. It’s good to be as prepared as you can be. As far away from cities, towns and people as you can be. Even the slightest edge is desirable. But in the end no one can be truly be prepared for the brutal world that comes. We all bought it, we all own it and we will all pay for it a hundred fold.

This is not just Doom we are living and what we face. Its Triple Dog Doom or possibly Triple Dog Radio Active Doom with Rabies. The one who maliciously escapes death and still has some ammo left wins. And what he wins is a lonely smoldering ruin of what once was. But I”l bet the winter Texas sunsets will still be grand and wondrous for those left to see them. I”l never tire of the beauty of the earth that surrounds us. I hope we make it.

rhs jr
rhs jr

What a bunch of Polly Annas wearing rosy glasses walking down a primrose lane. Well at least ya’ll see the Hell coming and know the reasons why as opposed to Liberals who constantly crap in everybody’s beds but call us selfish pigs; be sure to clean the darlings wearing plastic gloves and cook them well because they probably have AIDS, syphilis, hepatitis, lice, crabs etc. Also in a serious light, we know The Lord, His Book and Son; we call on Him daily for ourselves and our loved ones; and we ask Him to be merciful on the Lost Liberals and open their slammed shut, glued and nailed closed ignorant minds. He has promised to will look after us and He will.

EL Coyote
EL Coyote

Back when Mexico was undergoing rampant inflation, before the government issued new pesos at a 1/1000 rate, the comedy show had a consumer who was susceptible to price increases. He would hear the new price and tear at his clothes becoming the raging hulk in the process.

American consumers would have to become aware of inflation first but that would take a rare event like developing self awareness – consciousness.

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