Moronic Mailroom Worker Worked Way Down From CEO

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Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

NEW YORK—Marveling at just how far he has plummeted since taking charge of the company 18 years ago, moronic former CEO Douglas Kellerman regaled reporters Tuesday with the discouraging story of how he worked his way down to the mailroom of MetroCom Holdings. “It just goes to show that if you lose your ambition, never put in the effort, and have no idea what you’re doing, you can steadily fall down the corporate ladder and reach the very bottom of a major company,” said the total dope, adding that the key to failure is being the first person to fuck up in the morning and the last person to fuck up at night. “Some people are born unlucky, but the rest of us have to slack off every single day to get noticed and earn those demotions. I’m living proof!” Kellerman added that if he keeps it up, he could soon be washing the windows of a top-floor corner office.

Via The Onion

How Ebola Quarantine Works

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Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

Via The Onion

The 10th Man: Midterm Elections: Would a Republican Win Be Bullish for the Stock Market?

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Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

The 10th Man: Midterm Elections: Would a Republican Win Be Bullish for the Stock Market?

By Jared Dillian

 

I had an instant-messenger conversation with one of my clients the other day. It was pretty annoying—he wrote things like “BULL MARKET, DUDE,” and harangued me about my net-short positioning.

Then he started telling me that the market was going to rip if the Republicans took both houses of Congress in the midterm elections. At that point, I felt like I needed to intervene.

First of all, just about every single piece of academic research on the subject shows that the stock market (and GDP, and many other metrics) outperforms under Democratic presidents.

You don’t need to look very far for a contemporary example, considering that the stock market has done a three-bagger under our current leader, and the economy has recovered.

Wait, that doesn’t make any sense. The current administration is the least friendly to business and private enterprise in recent history—so why have stocks been in a prolonged bull market?

There are a million reasons why, but let’s focus on the biggest and most obvious one: the Federal Reserve.

Shaping the Fed Board of Governors

Lots of people have opinions on the Fed without really knowing the Fed as an institution or how it works.

To review, there are seven members of the Federal Reserve’s Board of Governors who live and work in Washington, DC. They are presidential appointees, and their term of service is 14 years.

There are 12 regional bank presidents, who are nominated by their respective boards of directors. They are not, theoretically speaking, political appointees. Four of them at a time serve on the FOMC, on a rotational basis. The president of the New York Fed is a permanent member of the FOMC. Their term of service is five years.

In the old days, a Fed governor would serve all 14 years, but now they have to go make money on the speaker circuit, so they serve only three to five years if they are lucky. This means that a two-term president has the opportunity to “pack the court” with Fed governors of similar political affiliation over an eight-year period.

I would argue that the power to shape the Fed Board of Governors is even greater than the power to shape the Supreme Court.

Look at the current Board of Governors:
Janet Yellen
Stanley Fischer
Daniel Tarullo
Jerome Powell
Lael Brainard

There are two vacancies, but these are all Obama appointees. Yellen served as president of the San Francisco Fed before joining the Board of Governors as vice chair.

By and large, you can divide up central bankers into two camps: dovish central bankers, who prefer easy monetary policy (low interest rates) and hawkish central bankers, who prefer tighter monetary policy (high interest rates). Dovish central bankers tend to be Democrats. Hawks tend to be Republicans. It’s not a one-for-one correlation, but it’s close.

Everyone currently on the Board of Governors is a dove. (Powell is sometimes thought of as a centrist.) There are some hawks at the regional Federal Reserve banks, since the boards of directors are businesspeople and tend to appoint other businesspeople. Jeffrey Lacker, Charles Plosser, and Richard Fisher are all notable hawks. Inconveniently, though, they only end up on the FOMC once every three years.

George W. Bush packed the Fed, too (Duke, Warsh, Mishkin, Kroszner), but his appointees are all gone now. However, if they had served out their 14-year terms, they would still be around, and we would have a much more balanced Fed.

What Life Would Look Like Under a Hawkish Fed

Even though the presidential election is two years away, I think it’s worth having this conversation today. Seriously, what would happen if someone like Rand Paul became president? And Congress were solidly Republican?

Let’s start with the Fed. Yellen would not be reappointed; that is very clear. Over the course of a few years, the Board of Governors would be reshaped.

It’s hard to imagine in a day and age where every time a relatively benign stock market correction occurs, Fed officials are dropping hints of quantitative easing, but a hawkish Fed wouldn’t go for that kind of stuff. It would allow the market to purge its own excesses. It might even be a little laissez-faire.

We’ve had an interventionist Fed and an interventionist monetary policy on and off throughout the history of central banking, but especially since 1998, when the Greenspan Fed bailed out everyone during the blowup of Long-Term Capital Management (LTCM).

I remember reading articles about the “Greenspan Put” in 2000. That turned into the Bernanke Put, then the Yellen Put, and more recently, the Bullard Put. If there’s a perception that the Fed doesn’t allow the stock market to go down, it is probably because the Fed really doesn’t want the market to go down.

All kinds of conspiracy theories have blossomed from this (the Plunge Protection Team, for example), which I don’t like. But the Fed has nobody to blame but itself.

Under a hawkish Fed, valuations would be sharply lower. “Sharply” is italicized here for a reason. If we get away from QE and ZIRP and back to something resembling a normal rate environment, you’d be looking at the stock market being down 20-40%.

Would a Republican Midterm Win Be Bullish?

Aside from the Federal Reserve, a Republican administration, together with Congress, would completely reshape government, in ways that we can’t even conceive of right now. Would the resulting legislation be more business-friendly? Well, it might be more market-friendly, and market-friendly and business-friendly are two different things.

I think there is a reason that the stock market outperforms during Democratic administrations. Two, actually.

  1. Republicans appoint hawkish Fed officials who tend to tank the market.
  2. Republicans tend to pass supply-side legislation, which works with a long lag.

I think Reagan should get credit for the massive expansion of the ‘80s and ‘90s, and Clinton should get credit for expanding free trade, but people forget that the early years of Reagan’s presidency were very tough. Paul Volcker unleashed a hurricane-force bear market—the ‘82 recession was one of the worst on record, though the economy recovered quickly.

So, no—I don’t think it’s clear that Republicans winning the midterm elections is bullish at all, aside from what a few computer algorithms will do the day after. In fact, I think it could be the prelude to a lot of pain in the markets.

I’m sure investors will be exchanging some inadvisable fist bumps the morning after Election Day. When George W. Bush was reelected in 2004, the market went bananas, but let’s not forget that he campaigned on lower taxes on dividends and capital gains. 2016 will be very, very different.

Jared Dillian
Jared Dillian

The SNAP Card Gourmet 001

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Posted on 31st October 2014 by Reverse Engineer in Economy |Politics |Social Issues

Off the keyboard of RE

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Published on the Doomstead Diner on October 31, 2014SAMSUNG CAMERA PICTURES

Discuss this article at The Diner Pantry inside the Diner

A while back I wrote an article called The Starvin’ Diner Cookbook, which I intended on becoming a series with Recipes for meals you can cook up on the cheap, but it’s one of those ideas that got lost with all the rest of the stuff going on in Doom, along with all the other projects we are always undertaking on the Diner to get the message out about the Collapse of Industrial Civilization, Podcasts, Vidcasts, yadda yadda.  These days, just Blogging Text doesn’t reach enough people, because they simply do not READ.  You have to use the whole panoply of media to capture an audience.

However, I recently moved to New Digs, and took the opportunity last weekend to do some Home Cookin’, which I rarely do anymore since it is much easier to just buy prepared foods or microwaveables, and I’m not really on a SNAP Card budget, although I don’t usually spend too much more than the SNAP allotment each week on food anyhow.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/may_foodstamps.jpg

With some 47 Million People in the FSoA now living on a SNAP Card budget, developing good recipes with the current food available that you can access either low priced at Food Superstores or sometimes free at Food Pantries is very important.  So over the next few months, I will be keeping my Food Purchases under the typical SNAP Card allotment for the individual of around $140/mo, $35/wk or for simplicity sake here $5/day.  File this under the idea that even if you are currently flush, it’s a decent idea to learn how to live CHEAP BEFORE you actually are faced down with the challenge for real.  Not the $2/day many folks in the 3rd World live on, but the economy here is different and making it on $5/day in food is something of a challenge in the FSoA.

FoodDonationsIn order to be better connected to the people who actually are currently in this situation and to become more active Locally, I have begun Volunteering at one of the local Food Pantries that serve the folks around here who have already fallen off the Economic Cliff, people for whom Collapse is  not a “Someday it Might Come” thing anymore, Collapse is already here for them.  I hope over time to be able to develop connections between my friends who own Local Farms and who are Commercial Fishermen and the folks already off the cliff or soon to be in need of sustenance to develop a comprehensive food distribution system ready to drop in place when JIT shipping and the Dollar fail.  I am in a unique position to do this for many reasons, and it is probably the most “real” way I can be of service, beyond writing on the Internet.  While I still believe it is important to try and work on the Grand Scale of the Global Internet and Blog the Collapse, I also realize that most solutions will need to be local, so ya can’t just Blog on this stuff, you gotta do something in your neighborhood too.

I decided to change the name of the Series from “The Starvin’ Diner Cookbook” to “The SNAP Card Gourmet” for a few reasons.  One is to highlight how large a segment of the population is already in the situation of needing Food Security Assistance here in the FSoA.  The other reason is it is an Homage to my favorite TV Chef from my youth, Graham Kerr, The Galloping GourmetWAY better than Julia Child! :D

If you watched about the first 2 minutes of this, you should be able to tell Graham generally did his Cooking Show 3 Sheets to the Wind, and often enough would consume an entire bottle of wine in recording the show.  LOL.  He had a ton of fun doing Galloping Gourmet, and it was hilarious because it was all impromptu.  I’ll be trying to do my Doomstead Diner Cooking Show in the same tradition. :)

I’m not going to try recording 20 minute shows yet, this biz will take some practice.  However, I will include a few clips along with the recipes and an accounting of the costs and cooking means, which I am going to adapt for Doom.

For this Week’s Episode, the two Dishes are Grilled Peppered Steak RE and Slow Cooked Baby Back Ribs & Alaska Veggies RE.

SAMSUNG CAMERA PICTURES SAMSUNG CAMERA PICTURES

Now the first thing you are probably going to say is “RE!  There is NO WAY you could afford to make meals like this on $5/Day!  That Steak BY ITSELF cost $23!!!!”

http://www.scuffproductions.com/scuff/wp-content/uploads/2007/10/mban490l.jpgYou would be right also, if you tried to eat this stuff EVERY day, and if you consumed all of it in one day at a single sitting like the typical patron of an All You Can Eat Buffet like Golden Corral.  You also can’t buy such stuff the FIRST week you start eating on a SNAP Card budget, you have to work your way into it by eating cheaper than $5/day for a couple of weeks, then use the savings to start buying some Premium Foods to sprinkle into your diet later.  I’ll demonstrate how to do this in succeeding episodes of The SNAP Card Gourmet, here on the Doomstead Diner.

Let’s begin here with the Pepper encrusted USDA Prime Ribeye, which is a very typical BBQ preparation utilizing a Dry Rub, a little BBQ Sauce, a couple of days marinating and about 20 minutes on the Grill.

The reason the price comes in so high here for this piece of beef is that it is USDA Prime, which generally you only get in Fine Dining Restaurants that serve the 1%, or in Gourmet Markets serving the same crowd.  However, here on the Last Great Frontier, at 3 Bears Food Warehouse, they occasionally get USDA Prime in their huge meat section, and this one looked so perfectly marbled and the right thickness for a good grilling I just HAD to buy it in Celebration of my move to the new Digs, which I chronicled recently in The Great Moving Adventure I & II.

Here is what the Steak looked like after a couple of days of marinating, but before being seared on the portable propane fired BBQ.

SAMSUNG CAMERA PICTURESOriginally I was going to go the full 9 yards with this and fire it up on a traditional Charcoal BBQ with a soaked Hickory Plank, but I got lazy and besides I have so many canisters of Propane in my preps I might as well use them.  Overall the improvement in flavor doing it this way is marginal, and it’s a pain in the ass so I just screwed in a canister and AWAY we go!

As you can see, this piece of beef is Picture Perfect with just the right amount of Fat Marbling, which is what gets it that USDA Prime designation.  If you scope out the Meat racks regularly though, you can often find USDA Choice cuts that are just about as nice, at about half the price of Prime.  I just about always buy Choice cuts for the BBQ, this was just a Special Celebration so I splurged on the Prime Beef.  NEVER buy Select Cuts for the BBQ, unless you really like chewing a lot.  Select is only good for the slow cooker.

Far as Spicing it up goes, here you do need to rely on Preps because some stuff like Peppercorns are going to be hard to come by when JIT fails, so you need a good supply of Spices laid in here.  Fortunately, Spices are one of those Preps that last a long time without Refrigeration, and as long as you Vaccuum seal them they will be good for years.  Salt will be good FOREVER.  Your main spices are Salt & Pepper of course, this I am good for 5 years at least.  Garlic after that is pretty easy to grow, and then many other spices like Rosemary, Thyme etc can be grown indoors hydroponically, so you can have a continuing source of those.

http://www.mccormick.com/-/media/McCormick/Categories/Products/GM_Bottles_289x194.ashxNo need for this right now though, I just used some of my copious prep supply of McCormick Old Monterrey Spice, one of my favorite meat spice mixtures.  Basted on a little hickory flavored BBQ sauce and let it sit a couple of days so the flavor penetrates into the meat and doesn’t just sit on the outside surface.

As you can see from the Cooked Picture above, the Ribeye is pretty well Blackened, so you might think it is burnt.  No, this is how I like BBQ meat, it’s called “Pittsburgh Rare“.  Black on the Outside, Still MOOING on the inside.  I came pretty close to perfect on it, just maybe 2-3 minutes longer than I should have had it on the grill to be perfect for me.  If you like a less black outside and pink inside, use a lower flame or move the grill surface higher off the flames.  Here’s the Taste Test of this BBQ:

In terms of Meals out of this Steak, I got 4 of them.  I can’t eat a Steak this size with all that FAT at one sitting anymore, I ate about 1/3rd of it right off the Grill and the rest went into Steak Sandwiches I had for lunch the rest of the week.  You can do all sorts of things to make them their own Gourmet meals, to one I added herb infused Brie I picked up on sale, to another I added some grilled onions and mushrooms, etc.  Still beyond the daily budget of $5, but not by too much, and within it if you buy a more economically priced Choice Cut.

OK, on to Dish #2, Slow Cooked Baby Back Ribs & Alaska Veggies!

As you can see in the background of the Steak Taste Test Vid, there’s a bunch of Batteries, a Slow Cooker, rechargeable Diode Lights and a Power Inverter (converts 12V DC to 120 V AC).  This is my “Battery Corner” with stored Power for short 1-2 Day power outtages, generally coming from weather related phenomena these days, but in the future possibly coming fro Rationed Electricity and Rolling Blackouts.  The main battery storage here on the counter is a 12V Lawn Tractor Battery, and one of the Battery Packs from my EWz Electric Scooter, which runs on 36V but is actually 3 12V deep cycle batteries in series which can be separated to work with a 12V Inverter.  Not necessary for this experiment, the Lawn Tractor Battery was sufficient.  Besides these batteries, I also have a much larger Deep Cycle battery in the Bugout Machine and its starter battery, and of course the starter batteries that are in my 2 Carz, a 1983 Mazda MPV and a 2003 Ford Explorer, and the other 36 Volt battery pack that is aboard the EWz.  Altogether, without recharging this is enough electric juice for a couple of weeks well rationed easily.

Why was a small 12V Lawn Tractor Battery sufficient in this case?  Because Slow Cookers have a VERY low power draw overall, not much more than an incandescent Lightbulb.  You can’t run an 1100 Watt Microwave Oven off a small SLA battery like this, but it will do a Slow Cooker no problemo.

Slow cooking is great for numerous reasons besides the fact it is low power draw.  Overall it retains the Vitamin content of the food better than when you cook rapidly at high heat.  It also blends flavors better, plus the broth you end up with makes fabulous and very nourishing Soup as well.  Besides that, you are by no means limited to doing it off your stored battery power, you can quite easily do the same thing by digging a hole in the back yard, burning some charcoal or wood and heating some rocks, then cover with some dirt, drop the Crock in on top of that and cover up the whole thing with more dirt.  Dig it out after 5 or 6 hours, same result as using the electrics.

http://www.sunoven.com/wp-content/uploads/2011/06/G-cooking-rice-and-beans3.jpgYet another way to do the same thing is to drop the crock into a Solar Oven.  Even here in Alaska, for most of the year if you do this on a sunny day, if you drop your Crock in the Cooker in at 10AM, the food is ready by 4PM.

The only downside of Slow Cooking is that except for stews and such, it doesn’t present all that well, so in this case with the Slow Cooked Baby Back Ribs, I threw them on the grill for a few minutes after the slow cook to caramalize the sauce and blacken the meat a bit.  This is tricky because the meat is pretty much falling off the bone at this point.  On the upside though, the veggies you cook along with the meat absorb all the flavors, and are as good or better than the meat itself!  They also really fill out the meal with both Calories and Vitamins.

Anyhow, without further ado and explanation here is the Taste Test on the Slow Cooked Baby Back Ribs and Alaska Veggies RE dish:

For those of you wishing to try this dish on your own Doomstead, here’s the Ingredients:

1/2 Slab Baby Back Ribs

1/2 a Large White Onion

4-6 Large Cloves of Garlic

Enough Carrots and Potatoes to fill the rest of the Crock Pot (1.5-2 Quart size)

2 Soy Sauce Packets (I save these so I never buy Soy Sauce)

1/4 Cup Teriyaki Marinade (you can substitute other marinades, whatever you got on the shelf)

1/2 Can of BEER! :) (drink the other half while loading the Crock)

Salt & Pepper to taste

Cooking Instructions

Cut the slab up to size to fit the Crock.

Chop the onion into about 1/2″ size pieces

If the Potatoes are Large, cut to around 2″ cubes.  I use small potatoes though even though they are a little more pricey

Use Baby Carrots or cut the carrots into 2″ long sections

Throw in the whole cloves of Garlic or chop them up, your choice.

Throw everything into the Slow Cooker and go Surf the Net looking for Doom Storiez for 5-6 hours

Fish out everything with a Strainer Spoon, and take the Ribs over to the Grill for about 3 minutes on each side to caramalize.  Do it carefully or the ribs will fall apart and through the grill and you’ll lose some tasty meat.

Conserve the remaining Broth to make Onion Soup with Stale Bread and some Swiss or Gruyere Cheese.  Another meal there.

——————–

Now, as mentioned, you can’t start off on your SNAP Card Budget with these kind of meals, you have to get very BASIC at the beginning.  Your nourishment for the first couple of weeks on the SNAP Card Budget is going to be pretty dull if you don’t have at least a few spices and other basics in the cubbard when Da Goobermint courtesy of JP Morgan Chase issues you your first month’s SNAP Card.  Obviously I have a ton of stuff to perk up meals stored, but for the purposes of demonstration here I won’t use them as we begin this exercise.

Next Week here on the SNAP Card Gourmet, we’ll start with the basics, and work our way up the Culinary Ladder from there.  By the end of the month, I should have enough saved up for at least 2 meals worthy of a $100 Ticket at a 1% Restaurant.  Not sure what I will go for with this yet, first I gotta see what I can conserve and what ingredients I can find on sale over the course of the month.

In the mean time, eat well, enjoy the Plenty while you can.  This is bound to get more difficult as time goes by.

RE

I Pledge Allegiance…

8 comments

Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

Submitted by The Dissident Dad via Mike Krieger’s Liberty Blitzkrieg blog,

Remember those weird kids who didn’t say the Pledge of Allegiance in school? They either sat down or just stood up silently. I sure do. Most likely for religious reasons, but I remember thinking to myself as a kid that it was wrong not to say the pledge aloud with the rest of us. As I got older in my teenage years, I even felt that those kids were not being respectful.

Some adults may even give them the old, “well, if you don’t like it then you can leave” routine that is mentioned every time a minority opts out of the majority’s way of doing things.

Homeschooling my children will really make this a non-issue; however, my nieces were reciting the American Pledge of Allegiance the other day while playing with my children. In fact, here in Texas the kids recite both the American and Texas Pledge of Allegiance before class.

After hearing them recite it, and of course remembering the 2,500 or so times I said it in my lifetime, I started to think about the purpose and real meaning of this pledge that millions of school-aged children recite every morning Monday through Friday.

A pledge, of course, is a vow, an oath, or a commitment. Allegiance is defined as loyalty, devotion, and obedience. In fact, the antonyms for allegiance are treachery and disloyalty.

Crazy when you think about it, right? Do we really want our kids pledging obedience and loyalty to the U.S. federal government? Especially when the pledge itself is masked with a lie. I mean, it ends with, “with liberty and justice for all.” Now that’s a crock of shit right there. Not one arrest in the financial sector for the 2008 crisis, not one investigation into the 2003 Iraq invasion where no WMDs were found, and a complete cover-up of the events on 9/11, i.e., Building 7. Liberty and justice for all… how about we ask Edward Snowden about that? His patriotic actions were described as treachery and disloyalty.

Nationalism and blind patriotism is crucial in keeping a population dumbed-down and ignorant, which is why if you think about it, pledging allegiance to the government we have today is truly a backwards thing to do. Teaching it to a small child is particularly degrading.

As a dad who is proud of my own liberty, this makes life tough sometimes. Do I teach my kids the truth or go with the flow?

On the surface it seems black and white, but it’s not. Teaching your children about certain truths that make them the odd kid out is not exactly what a parent wants for their child. My wife and I are constantly turning to each other and asking ourselves, should we make a stand on this? Because if we do, it might make it hard for the kids.

A great example comes from a friend of mine with an 11-year-old son who stood up on 9/11 at school and countered the teacher’s lesson for the anniversary and told her about the Loose Change version. It was awkward to say the least. To simply question the events of 9/11 go against the state’s religion of nationalism, so for an 11-year-old boy to bring it up in a classroom…you can imagine the trouble it caused.

Teaching my children about the oligarchs and the current state of our leaders in government is not something that I take lightly. I realize that some of our core values, like the belief in liberty, respect for all life, and individual sovereignty will make them the odd kid out sometimes.

Being surrounded by people who have been taught, just as I was, to pledge allegiance to the state, is the unfortunate reality we are all confronted with. something that is so deeply engrained that the best I can do is teach my children to think for themselves and decide on their own. Figuring out how to best teach my children the danger of such blind allegiance is without a doubt the most difficult task I face as a father.

SHE’S A WITCH

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Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

QUOTES OF THE DAY

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Posted on 31st October 2014 by Administrator in Economy |Politics |Social Issues

“A society becomes totalitarian when its structure becomes flagrantly artificial: that is, when its ruling class has lost its function but succeeds in clinging to power by force or fraud. Such a society, no matter how long it persists, can never afford to become either tolerant or intellectually stable…”

George Orwell

“Today, the phenomenon of exploitation and oppression has taken on a new dimension. The centre of our whole social and economic system needs to be about the person, the image of God, created for the universe. Instead, we live in a world that is largely infatuated with the attainment of wealth, and an economy that is prioritized over the human person. We need to change this. We need to return to making human dignity the centre of society.”

Francis I

Zombie Log Cabin Kit

22 comments

Posted on 30th October 2014 by Stucky in Economy

The is a REAL item. I added it to my “Future Purchases” tab. I think I want one.

Initial Cost —–  $113,000

 

.

.

Features;

— three-compartment compound 

— upper deck with escape hatch

— barbed wire

— a garden section to grow food

— toilet system

— weight machines

— kitchen with microwave

— a record player (zombies hate analog)

— Xbox with Plasma TV

— 10-year anti-zombie guarantee

 

Addition Options:

— Solar panels

— Security cameras

— Water cannons

— Spotlights

— Riot Protection Outfit

— Machine Guns

— Flame throwers

Comfortable living area with music, tv and xbox

.

Garden

.

Roof Terrace

.

 

http://www.mnn.com/lifestyle/arts-culture/blogs/your-zombie-proof-log-cabin-has-arrived#ixzz3GuxvftkF

http://www.tigerlogcabins.com/product/zombie-fortification-cabin-zfc-1/?option=1798&m=imperial#filternav2