Monday, August 8, 2011

Are You Ready? Hold on to the Seat of Your Pants!

Just this morning (8 a.m. Pacific), gold has shot up $40 since closing on Friday, from $1,662 to 1,703. The Dow Jones lost 500 points last week and now it has dropped 303 points this morning (an 8.25% loss in one week). Is it just me or didn't GM and Citibank used to be in the Dow Jones? Correct me if I'm wrong, but it seems to me they were, along with a couple of other big companies. Taking those 2 and others out of the equation sure appears like it would alter the actual percentage and points in the Dow Jones, wouldn't you say? Hmm, now why would they do that? Manipulation of numbers and false security. The S&P downgraded the US , as you already know from a AAA rating to AA+. Freddie and Fannie Mac have been downgraded. The European Central Bank is buying up Italian and Spanish government bonds. The Euro zone is in crisis. This whole situation is global in nature and is affecting everyone. If there is a run on the banks, do you have some cash on hand? Bartering items?

On another note, Iran is furious that another one of its nuclear scientists was assassinated last month and Iran is vowing retaliation against the US in the form of a cyber attack on our electric grid. Is your generator in good working order with a supply of gasoline? Have you thought about how you would manage day to day living without electricity?

Are you ready? Hold on for a bumpy ride!


  1. I am as ready as I can afford to be. No generator, no fuel, but a lot of firewood!

  2. All we can do is live prepared and hope for the best. Keep your head down and your powder dry.


Your thoughts are welcome!