Comment

Comment by Jeff on January 26, 2009 at 6:04am

Interesting.

We bought a years worth of food, dried, canned, etc., just in case. We tried to buy food we'd normally eat and decided that even if we don't need it for its intended purpose we will have paid less for it than what it will cost a year or so from now with inflation added in and can filter in to our regular diet purchases. I get a certain comfort looking at these supplies, stored in my bedroom where I see them daily. We also purchased other items, a gas stove and propane, 5 gallon water bottles in the basement, candles, blankets, rechargeable AC/DC LED Flashlights and assorted medical supplies. Nothing we really wouldn't use normally at very little actual expense. Everything's been purchased over the past 6 months after watching the Baltic Dry Index fall 95%. With the riots in the EU I'm confident we've done the right thing.

Comment by 7R33SandR0P3S on January 25, 2009 at 7:40pm

Folks around here have moved away from the fat cat banks, B of A and Chase, to Amarillo National Bank and Happy State Bank. Folks just don't trust the greedy big banks. The reason the "too big to fail" are failing is because folks wont go there anymore. Free enterprise. Bankruptcy means bankruptcy not bailout. Fear tactics used for panic law making for looting taxpayer to unwillfully pay and continue to pay into the bottom of their failing Ponzi Scheme.

Comment by 7R33SandR0P3S on January 25, 2009 at 7:06pm

My local bank, Amarillo National Bank told the bailout robber barons to get lost when they tried to buy into this privately owned healthy local bank. I am currently in touch with them. I am refinancing my 30yr mortgage 6.5% fixed to a 15yr 4.375% fixed.
They are healthy because the did not engage in the "Wall Street Risky Business".

This is the banner on the main ANB web page. http://anb.com/home.asp
Glad I moved out from California (Northern Mexico) to Texas. Different tude here :-)

Comment by Marklar on January 25, 2009 at 5:05pm

Oh, it's quite possible that it will get that bad, in fact I would say inevitable though perhaps not in the next two weeks. It is possible that the banks are not so bad off but are floating rumors to help them suck us dry in the new bailout round and so-called nationalization (the plan doesn't really fit what most people think of when they hear that word). So it may be nothing. If things don't get that bad in the next few weeks, however, you can still expect them to get that bad before the end of 2009 in my opinion, and the worse things get the harder it will likely be to tell truth from disinformation and propaganda as dissemination of such is stepped up and things change more swiftly with more unexpected consequences which demand both sides of the infowar to adapt and change plans more swiftly to circumstances of he moment.

Many here were certain that martial law would be declared on January 1st and I'm not really sure where that rumor ultimately came from but I suspect it was cointel agents looking to stir up violent action that could be used to justify an infowarrior witch hunt. Obviously they failed. Don't discount anything you hear but take it all with a grain of salt especially when the original source is unknown or could have suspect motives (not your friend necessarily but perhaps the banker that told a banker that told your friend).