What are your indications to go to ‘Plan B’?
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Old 07-05-2011, 03:13 PM   #1
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Default What are your indications to go to ‘Plan B’?

Sooner or later the debt ceiling won’t be raised. And even if it is, sooner or later US bonds won’t be bought. I feel like I’m in some kind of game of chicken. That being the case, or at least my belief. What are your indications to go to ‘Plan B’? What are you using as the canary in the coal mine?

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Old 07-05-2011, 10:30 PM   #2
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As long as we're the #1 buyer of China's imports they'll keep buying our debt.


Quote:
Originally Posted by Vincine View Post
What are you using as the canary in the coal mine?
When hyperinflation drives the price of groceries to the point store dependent buyers can't eat.

That's it in a nutshell.
I could write a book on this topic.
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Old 07-05-2011, 10:49 PM   #3
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Quote:
Originally Posted by Seven View Post
When hyperinflation drives the price of groceries to the point store dependent buyers can't eat.
Quoted for truth. Actually, I suspect my threshold will come about three weeks before this... when the riots start.
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Old 07-05-2011, 11:10 PM   #4
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. . when the riots start.
Actually by that point not only has the canary died, but the mine has already exploded. I'm seeking an earlier warning signal of the tipping point.
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Old 07-05-2011, 11:37 PM   #5
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When people start stealing food and other necessities you will see it go down fast from there.

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Old 07-06-2011, 12:05 AM   #6
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Quote:
Originally Posted by Vincine View Post
Actually by that point not only has the canary died, but the mine has already exploded. I'm seeking an earlier warning signal of the tipping point.
Oh? Such as?

I guess it depends on what your plan "B" happens to, well, be.
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Old 07-06-2011, 12:26 AM   #7
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The threshold has come and gone for us. The "canary in the coal mine" failed it's test and died in the first quarter of 2007 for us. We invest alot in land and large parcels of land in the path of growth. It's a long term thing and not for the faint of heart. For our liquid assets we watch the price of gold amongst other things.

By the first quarter of 2007 we bailed on all our high yeild liquid investments and put our money in low yield principal secure types and off shore accounts.

We may not be making much $$$ now and are bleeding out slowly financially when it comes to our liquidity, but at least we havn't hemmoraged to death like many others have.

Real estate will come around we figure by 2018 or so and we are in good position to hold until 2030 if we have to but thats not going to happen. The economy cycles are about every 8 to 10 years usually, but this down turn will last about 12 or 14 years from the time of it's start. It started in and before 2005 before most knew it was going bad.

Maybe were stupid in the eyes of others but we have been buying land on the cheap for the last few years and filling the perverbial hopper with it for future pay days for us. It's worked for the family since the 1940's and we are just carrying on.

We don't know very much more than land and we do subscribe to the theory touted by Will Rodgers to "Buy land cause' they ain't making any more of it."

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Old 07-06-2011, 01:04 AM   #8
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Quote:
Originally Posted by mrm14 View Post
The threshold has come and gone for us. . . (snip) . . "Buy land cause' they ain't making any more of it."
Thanks for that.

Anybody else?
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Old 07-06-2011, 01:04 AM   #9
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One of my barometers is watching for the stirrings of unrest from the welfare crowd. Of course I keep an eye on the Public Serpents and their agenda's both in DC and here in the State.

I think we have until the Presidential elections in Nov. 2012. If the conservatives win and start cutting off the government cheese, things will get crazy fast, particularly in the inner cities. I also think that the true radical left will become openly violent.

Alternately, if the Socialist in Chief is reelected, I believe he will massively undermine our freedoms. He will have no reelection to concern himself with and will show even more of his true ideology. I would expect a gun ban and God knows what else. Should that happen, I think it could lead to an actual open rebellion against the federal government.
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Old 07-06-2011, 05:09 AM   #10
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Check this lengthy article from zerohedge. The clock is ticking and Washington is not making any progress. As Zerohedge site puts it from 1Jul 2011, "We are now 32 days away from D-Day, and about 60 daye from the need to fund half a trillion, all of it with new gross debt issuance."

Read the article.

T-Minus Two Months Until The $500 Billion Rolling Debt Ticking Timebomb Goes Off | zero hedge

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