Beware The Social Tipping Point | Doug Casey [via ZeroHedge]

We have often suggested that, if we wish to know what is coming politically, socially, and economically in jurisdictions such as the EU and US, we might have a look at countries like Argentina and Venezuela, as they are in a similar state of near-collapse (for the very same reasons as the EU and US) but are a bit further along in the historical pattern.

Such a bellwether was seen in Argentina recently. Although the event in question is a very minor one, it is an illustration of the social tipping point—the manner in which a government loses control over its people.

Briefly, the events were as follows: Two men on a motorbike cruised a posh neighbourhood in Buenos Aires, seeking opportunities for purse-snatching. The pillion rider dismounted and snatched a purse from a woman. Bystanders saw the act, ran down the thief before he could re-mount the motorbike, and knocked him to the ground. Other onlookers (very possibly fed up with street crime caused by economic hardships) joined in. In a fury, they beat the thief senseless.

A policewoman managed to calm the group and handcuff the thief. Twenty minutes later, police assistance and an ambulance arrived.

Furious neighbours complained bitterly that the police had protected the thief but are generally doing little to protect law-abiding citizens. Continue reading

DHS Ammo Investigation | Brittius.com

DHS Ammo Investigation | Brittius.com
click that pic …

Reportedly, there is being a request by a few members of Congress to look into alleged ammunition purchases by the Department of Homeland Security. Numbers are now alleged at two billion rounds of ammunition which is at this time, completely unsubstantiated, but people keep jacking up the numbers. This alone merits being looked into because the fear and panic it is creating has to either be proven or laid to rest as fear mongering, which is very dangerous to the peace of America. Why would people want to start a war in America? Some have demonstrated long ago that they qualify for a straight jacket and to be locked away in a rubber room. On the flip side of the coin, if it is merely an emotional plea to get people’s attention to make them aware of a dangerous situation, Congress needs to go the extra mile for once, and the Congressional underachieving slackers have to stop stuffing money into their pockets and have the DHS ammunition issue, investigated. Continue reading

Nova | Ol’ Remus & The Woodpile Report

When you step back and look at the big picture, it really makes one wonder—how big of a piano needs to be dropped on people’s heads before they notice what’s happening?   Simon Black at sovereignman.com

Stars shine for billions of years, fusing one element into another, hydrogen into helium, carbon, neon, oxygen, silicon, until one day fusion into iron begins. There, quietly, at the heart of the star, it’s doom is sealed. Fusion into iron generates no net heat, in fact, it’s a heat sink. There comes those last few seconds when equilibrium is lost, the star can’t support its own weight, the outer shells collapse inward at nearly the speed of light and the star is torn apart in a spectacular cataclysm. When gravity wins, it wins all at once. So it shall be with us.

There are those among us who want what they don’t need and need what they don’t want. Tolerance for this has metamorphosized into entitlement, which for the beneficiary mimics success, and so the core of career consumers has grown large enough to make its own weather and exert its own gravity. Debt on this scale would eventually overwhelm any economy, no matter how robust. Enough is never enough, even if it were a wide-open spigot plumbed to any conceivable source of supply. Fantasies about debt can keep it going for a while, but in the real world no debt has ever gone unpaid, if not by the borrower then by the lender. In the end, historic debt has historic consequences.

The hard road ahead will likely be comparable in its scope and impacts to the harrowing times brought by America’s first three rounds of anacyclosis. To live through the Revolutionary War, the Civil War, or the Great Depression was not an easy thing; those of my readers who are curious about what might be ahead could probably do worse than to read a good history of one or more of those.   John Greer at resilience.org

Continue reading

Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse

… none of our “experts” really know what they are doing, and they are definitely not looking out for our best interests. The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes. Unfortunately, most Americans will repeat the mantra of “if that was true I would have heard about it on the news” until it is way too late. Most people are waiting for the “authorities” to tell them what to do instead of thinking for themselves… via SHTFPlan.

and here too:

… Once people understand that the economy has been collapsing and will continue to collapse, then the next step for most of them is that they want to get prepared for the storm that is coming.  So where should someone get started?  Well, the truth is that no two people are facing the exact same set of circumstances, so preparation is going to look different for each individual.  But there are certain core principles that we can all benefit from… via Economic Collapse Blog

Dollars vs Money | The Grey Enigma added a page (see above)

Dollars vs Money « The Grey Enigma.

Capital Controls Hit Spain: Government Laws Prohibit Cash Transactions Over €2,500… | Mish’s Global Economic Trend Analysis

GE Note: You think we very behind this here in the US? Think again.

Capital Controls Hit Spain: Government Laws Prohibit Cash Transactions Over €2,500; Minimum Fine of €10,000 for Failure to Report Foreign Accounts

If Spain is seeking further instability, a new law on financial transactions is sure to do just that. Via Google Translate, Spain passes a law limiting cash payments to 2,500 euros.

Key Provisions

  • Minimum fine of €10,000 for taxpayers who do not report their foreign accounts.\
  • Fine of €5,000 for each additional account
  • Cash transactions greater than €2,500 prohibited
  • Cash transaction restrictions apply to individuals and businesses

The US requires reporting of foreign accounts as well, supposedly for the same reason, preventing tax fraud.

In Spain however, consumers and businesses are already very nervous (and rightfully so), of a Spain exit from the euro with a return to the Spanish peseta accompanied by an immediate devaluation.

In that context, these controls are only going to make consumers and businesses even more nervous, if not outright suspicious about what is going on.

via Mish’s Global Economic Trend Analysis: