We are on a knife edge here.

[galileoreloaded]

From a thread I responded to regarding health care. There is info here you all should see. We have a serious risk of the US being unable to fund itself in the next few weeks.


From earlier:

Health care is the least of our problems.

Ain't saying its right, just most likely. Don't believe me? Read this:

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081019/REG/310209975/1009/TOC&ht=treasury%20failures%20treasury%20failures%20treasury%20failures

See, Treasuries are being shorted naked. Meaning that there have been $2.1 Trillion in fails, or fails to deliver. Are you SURE that super-safe IRA fund actually HAS the bonds you moved into after the stock market left you 40% down?? How could you know?? Where are they?? Did you pay for something that never existed, because Fidelity or Vanguard said they owned it??

The US, quite shortly, will be unable to fund it's day to day expenses.

Taiwan has already abandoned ratings agencies (Moody's, S&P, Fitch), and others are sure to follow. That makes our debt way too expensive without accurate ratings, and the bond market "dislocates". Meaning we can't borrow money. We have no money. SSI, Medicare, Medicaid will grind to a halt, as well as trash, sewer and water. This problem is epic.

Worry about breadlines and NO POLICE/FIRE, not your doctor, cause he has to eat too. Oh yeah, his money is in super-safe Treasuries too, trust me, he'll get real cheap, real fast.

Adjust your paradigm, or pay the price.

[Peregrine Took]

1. Sorry, but link didn't work for me.

[Indiana_Dem]

2. Somebody just sent me this in an email asking to make it go viral:

It's a 1/2 interview with Naomi Wolf. "Give me liberty". Talks about the bailout being a form of coup.

http://www.youtube.com/watch?v=_XgkeTanCGI

[seemslikeadream]

5. yep

[DangerDave921]

3. Very concerning

All the demand for more and more services from the government. But the dirty secret is that we are trillions of dollars in debt and with no real way to pay it back. No one running for office has the courage to confront this fact because it is so darned depressing.

[galileoreloaded]

4. Fixed it.

[elocs]

6. I parked my money in Treasury bonds and if they are not safe we are all screwed anyways. n/t

[EmeraldCityGrl]

7. This may sound extreme...

But what would it hurt to stock up on some essentials in the next couple weeks.

Bulk beans and rice, cooking oil, batteries, water.
Every household should have a few emergency provisions available.

Whether these events occur or not, perception may be altered due to
the number of articles suggesting such an event.

[dixiegrrrrl]

8. Denniger, among others, has warned of this several months ago.

Glad I paid attention.

Worst case scenarios have been saying US is bankrupt, and what follows when that happens, including collapse of the dollar, either rapidly or slowly. Full faith and credit of Government is not really dependable for Treasuries.

Slightly less worse case predictions say food shortages because of shipping/credit issues,
and serious inflation. And Treasuries again have no value.

Either way, Treasuries are not worth anything now or in foreseeable future.

This, of course, is considered a heretical viewpoint.