Thursday, March 21, 2013

Cyprus: the gift that keeps on giving


Cyprus risks euro exit after EU bailout ultimatum



Euro may be doomed whether Cyprus stays or goes

Cyprus weighs new bailout plan as meltdown looms

We live in a time where things are unwinding.  How far, how fast and how painful it will be is unknown and unknowable.  We've spent decades building this global house of cards, and now the breeze is stirring.  Despite the efforts of governments around the world, it's going to fall.  Is Cyprus going to be the trigger event?  Beats hell out of me, but it's a good candidate.  As I see it, black swans don't have to happen suddenly.


Since my post a few days ago, I've taken a number of steps.  No single one has been large, but taken together they are sizable.  I have converted a nice little chunk of funny green paper into some items that may (or may not) be useful in this unseen future we face.  I've made some moves to protect some of that funny green paper, just in case it retains some semblance of worth.  I'm also putting considerable time into simple watching the news, educating myself on what is going on.

I am concerned that I'm over-reacting to the stimulus, so I am hedging my bets to some extent.  But I stand ready to make some very large moves in a very big hurry if necessary.

I can tell you that time is short, and that may or may not be correct.  I can tell you that you need to do whatever it is you can to protect yourselves, those you are responsible for and your assets, and that is correct.  Heck, you should be doing that even it things are booming.

We've never seen anything like what is coming.  Maybe we'll get lucky and it will pass us by.  But do you want to bet your life on luck?



Tuesday, March 19, 2013

You shouldn't have given them ideas

(From the email list that must remain nameless)

New Zealand has decided that stealing from bank customers to fund bank bailouts is a wonderful idea.

I predict this nonsense will end badly, and probably for all involved.

Edit, 2122:  Boy, this isn't taking long at all.  Now Spain's willing to play.

Thanks, but no thanks

Cypriot politicians decide that being used to decorate the phone poles is not something they want to be a part of, and turn down legislation that would have lead to the seizure of as much as 9.9% of the value of all bank accounts in that country,

While this is a good thing, don't forget that this stupid idea was came about because the banks of Cyprus are in serious trouble.  Even with all that Russian money, Cypriot banks are still in sad shape, and defaults are looming if they don't get an injection of cash from somewhere.  However, after this episode, I can't imagine who, besides a government, would put money in one.

This is far from over, and I see no reason to change my advice from Sunday.  Time may or may not be short--while we can see the inevitable coming, what we can't see is the timing.  Just remember, in this sort of thing it's better to be early than late.

That's very kind of him

The Governor of Colorado has given advance notice that Colorado is going to fall.

While I mourn the loss, I can appreciate his kindness to the people who is is unconstitutionally screwing out of their rights.  Magpul gets a few extra days to work on moving their operations out of state, as does Michael Bane, who is going to move his filming and post-production activities out.  Hunters across the US now have time to figure out where they're going to hunt rather than Colorado.

Those of you stuck behind enemy lines, the best advice I can offer is vote with your feet and your money.  I've heard arguments for years from Californians who love guns about why they stay and "fight the good fight".  Look at how well that's worked out for them.  If you want to hang out until 2014 and hope you can reverse this, or wait x number of years for the court cases to play out, that's your choice.

Me?  The "For Sale" sign would go up today, and I'd be working the relocation web sites for one of the states who has or is working on passing a law telling the Feds to go pound sand on gun control.

Let the Colofornians have the place.  And let us make sure they choke on it.

It sucks when you don't have a First Amendment

(Via the Drudge Report)

In the country formerly known as Great Britain, new rules governing what can and can not be printed are going into effect.  Some news outlets are upset and refusing to sign on, which means if anything happens they will face something known as "exemplary damages"  if dragged into court--probably related to the Traitor's Death knowing how things are going in that once fair land.

For those who oppose the Second Amendment, I'd like to ask you a simple question--now do you get why we're fighting you so hard?  Losing your civil rights isn't fun.  Give up just one and the dominoes will start to fall.

Oh, by the bye, I haven't nagged lately--contact your freaking Congresscritters and your variously named state critters and tell them that it's hands off your freaking civil rights or be removed from office in the next election.

Monday, March 18, 2013

Yeah, it sucks when it's your wealth being redistributed

(Via the Drudge Report)

Bill Maher, media blow-hard extraordinaire, finds out that having your taxes jacked isn't really all that pleasant.

Gee Bill, you're just paying your fair share.  I mean, you're rich, right?  So you should be paying more, right?  :-)

Sunday, March 17, 2013

Coming soon to a bank account near you?

The government of Cyprus has agreed to an EU demand that it, in effect, confiscate between 6.7 and 9.9% of all bank deposits in order to receive a "bailout" package.  At the same time restrictions were put in place to ensure that the owners of the deposits could not shift their money to avoid the confiscation.

In one of the article's accompanying pictures, a large piece of earth moving equipment is shown parked on the sidewalk in front of a bank in protest.  It evades me why it wasn't used to open up the bank instead.

Expect to see further bank runs (which will also be kept as quiet as possible) in most other troubled EU countries.  This ill-advised action will only accelerate the eventual collapse of the PIIGS as the holders of bank accounts in those countries take a look at this and loudly say "Oh HELL no, you don't!"  I think you can also expect to see some interesting large-scale capital flows in the coming days as money moves from areas where this could happen to areas perceived as "safer".  Face it, rich folks generally don't get to be or stay rich by being stupid.  While they may say one thing in public, in private it will be a totally different conversation.

Of course, the EU Masters of the Universe, if one can believe the article, don't think that any of this is going to happen.  I'm hoping that it not only does, but that they get to see the Cypriot government fall in the bargain.  I'm convinced that the EU may well be the most evil government on the face of the planet.  Bad Things need to happen to it, and soon, or Europe will be lost--likely taking us all with it.

I've been taking certain actions to protect my assets for some time, and I think it may well be time to take those to the next level.  I suggest you look at your situation and do what you can, as well.  At the very least, the opportunity costs of holding cash are damn small these days, and if you're careful, it's hard to track..  Take what measures you can now--I think I feel the breeze on my face picking up.