Hydroponics Gardening’s last blog post: Tips to Save Lots of Money in Garden Decorating.

1 hr 20 minutes. Worth a listen.

First off, big thumbs up to you and your site, Roosh. Loads of fun to read, and chockablock full of good info, as the Aussies would say. Keep up the good work.

Secondly, I think some tough love is needed around here, when it comes to the economy. Roosh, you need to stop reading Denninger and Mish, and start going back and reading everything you can find written by Doug Casey. The guy makes amateurs like Denninger and Mish look like kiddies playing in a tiny little economic sandbox. He’s been warning about what he calls “The Greater Depression” for many years.

On that difficult note, it shocks me how sanguine people are about this depression, even as it’s staring them in the face. Denninger is a tool who believes the U.S. is the only country that matters, and gold is a stupid thing to own as the global financial system implodes. Good luck to him. He IS right about one thing though: the U.S. is going to have serious supply disruptions, of just about everything. I strongly suggest you all stock up on enough non-perishable food and bottled water to get you through 6 months, at the very least. Unfortunately, you’re going to need it. Also, you think the National Guard is bad? Wait until AmRev2 (The Second American Revolution) starts. Yes, things will get THAT bad. I hope you’re prepared.

And Roosh, don’t get too excited about the U.S. dollar “strengthening”. It’s a transitory thing. People are rushing into U.S. Treasuries because they think they’re safe, and the U.S. and other G7 nations are adding fuel to that misguided fire by using massive numbers of currency swaps to artificially prop up the dollar. People who think dollars or dollar-denominated bonds are a safe place to be are in for a rude awakening. I’m heavily short the long end of the treasury curve, since the U.S. bond market is the last remaining bubble. When it pops, yikes. It will be the shot heard round the world, and then some.

Buy gold and silver coins or bars, if you can find any for sale. Failing that, the yen and Swiss franc might be okay, since they should continue to benefit as the carry trade blows sky high. You could also buy high quality gold and silver stocks, which are on the deep discount rack right now, and which will shoot the moon when the Comex defaults in gold and silver hit (coming soon to a theater near you). I have suggestions in that department, if anyone´s interested.

Even with all these measures, though, the best you can hope for is to survive this thing. A depression isn’t good for anyone, except certain elite banking families and fascist leaders with designs on dictatorship.

Good luck to us all. We’re going to need it.

Wow, that Denninger is really shitting his pants, huh? The National Guard? Gimme a break – does anyone notice how the only people shitting their pants are finance guys? I wonder if that has anything to do with the fact that the banking industry is about to shrink to a fraction of its previous size, which is where it should be.

Banks are there to make loans available to businesses and consumers, and take deposits. They don’t actually PRODUCE anything, so the percentage of GDP they’ve been responsible for in recent years was ludicrous. The bankers will all need to find other jobs, banks will become more tightly regulated, and New York City is going to need to find another source of tax revenue.

National Guard in the streets… jeez, gimme a break.

Chic Noir’s last blog post: Five things Chic Noir Can’t Get Enough Of..

Actually yea, all of those things have happened before during previous post-WWII crises. It’s weird how when it comes to economics and finance, every idiot has an opinion.

Another trip is on the horizon.

Bobby Rio’s last blog post: Tips For Tailgating Like a Rock Star.

Never, never, ever, sell when the market’s at or close to its bottom. You make money by buying low and selling high, not by buying high and selling when things are low. If you’re below 50 years old you have plenty of time to ride this thing out, just let the current allocation sit as is and the markets will come back eventually – it may take 5 or 10 years but you have that time.

Again, please don’t sell low after buying high. If anything this is a buying opportunity for those with cash available. Sure, some companies will fail, but you should never invest in individual company stock in the first place. You want to hold index funds in the form of ETFs.

Jon’s last blog post: DC Confuses Me: Irish Bar Edition.

Part of the draw of Iceland is ecotourism. If I went all the way to Iceland, I wouldn’t be going just to visit bars 24hrs a day. I’d like to take nature excursions and enjoy the stunning scenery as well. There’s plenty of bars and clubs and hot girls right here at home. Not really a reason to fly halfway across the world in and of itself.

Agreed, who wouldn’t want a 22 hour night life, especially with all the hotties up there?!

Matt Savage’s last blog post: The Dilemmas of Male Virgins.

Melissa, while it’s true that in the vast majority of recessions, stocks end up higher a year or 2 later.

However, on a rare ocassion like the Great Depression, it took 25 years for stocks to recover and break even. TWENTY-FIVE FUCKING YEARS.

Look at what’s going on: massive coordinated, international rate cuts, govt takeover of banks, bank failures, collapse of investment banks, bankrupt Iceland, etc.

You think these events happen in your run of the mill recession? No way. It’s closer to the Great Depression on the spectrum of things.

I’d like to send him a case of adult diapers, to better deal with his panty piddling paranoia.

Peter’s last blog post: Wednesday, October 8.

Tell you what, if oil falls to $20/bbl, I’ll eat a small bowl of shit.

That Denniger guy clearly just finished reading “The Road”.

The 401k was never designed to be a retirement plan for the masses, it was a tax loophole for company directors. The management of the big companies were rubbing their hands with glee when they realized they could stop providing defined benefit plans and put their employees retirement at the mercy of the stock market.
I’ve always thought it completely absurd that anyone would put money into a company they have no control over.