WHAT HAPPENS WHEN A CURRENCY DIES: Argentina’s farmers hoarding food rather than pesos

Let’s pray this isn’t a preview of coming attractions here.

Sales of Argentine soybeans are lagging this season due to expectations for higher world prices later and to domestic financial uncertainty that has prompted farmers to save in beans rather than pesos.

With world food demand on the rise, growers in the Pampas grain belt are filling their silos with soy rather than converting their crops into pesos, a currency that hit a new all-time low in informal trade this week.

Considering Argentina’s high inflation, clocked at about 25 percent by private economists, “money in the bank” is not as secure as storing soybeans next to their fields… “We are going to hang onto our soy. One can see higher prices ahead,” said Jose Plazibat, a partner with the firm of Bandurria and Plazibat Brothers, which farms more than 3,000 hectares near the town of Chacabuco in Buenos Aires province.

…Cut off from global bond markets since its 2002 default, Argentina needs farm revenue to help finance public spending increases ahead of October legislative elections.

…Growers say they would plant more corn if the government would stop placing curbs on exports. The farm sector has long feuded with President Cristina Fernández de Kirchner, who won re-election in 2011 on promises of increasing the government’s role in Argentina’s economy.

Confidence has since softened. The peso has slumped in the informal market, opening a breach of 71 percent versus the formal exchange rate and increasing market chatter about a possible devaluation to shore up exports… The government is likely to put off a devaluation of the official peso at least until the October elections have passed.

Say, perhaps the economic geniuses Paul “Enron” Krugman and Henry “POS” Blodget could explain why massive deficits, financial repression, and currency devaluation didn’t work for the Argentinian government, which has only tried their Keynesian policy prescriptions for, oh, about the last century or so.

Related: Don’t Cry for Me, America.

Doug Ross @ Journal

Best and Brightest: College Students Sign Petition to “Ban Pressure Cookers” *Video*

Not to be outdone by the hundreds of Californians who recently signed a petition to authorize a government sponsored door-to-door confiscations of firearms, college students in Miami-Dade county have stepped up in the interest of America’s safety and security to ban another hazardous weapon of mass destruction – the common kitchen pressure cooker.

You can’t make this stuff up…

Posing as a liberal activist, the petitioner makes her case by claiming pressure cookers, “were actually used in the Boston bombing, so we’re just trying to limit who can get them,” adding that her organization is, “just trying to keep people safe by reducing the number of them.”

Our best and brightest were more than happy to oblige.

Due to the recent bombings at the Boston Marathon, caused by bombs that were made with pressure cookers, we are asking that they be removed from shelves at local stores in the Miami-Dade county area. 

We, the undersigned, are concerned citizens who urge our leaders to act now to ban the sale of pressure cookers in the Miami-Dade county area.

Petition-Ban-Pressure-Cookers2

Watch:


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SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

MIND-BLOWING TRANSCRIPT OF BENGHAZI WHISTLE-BLOWER: US identified terrorist behind 9/11 attack but refuses to capture him

Part II of Fox News Special Report into the Benghazi cover-up premiered tonight and the news keeps getting worse.

BAIER: President Obama promised to get to the bottom of the Benghazi attack. Why are the perpetrators still free? Correspondent Adam Housley has part 2 of our exclusive investigation.

OBAMA: Make no mistake. Justice will be done.

HOUSLEY: Seven months and still no arrest or targeted killings after the brutal attack on two U.S. locations in Benghazi, Libya, killing four Americans — despite promises that those responsible would be hunted down and held accountable.

However, multiple sources tell Fox News that the U.S. has identified the Benghazi attacker who is still running free.

SO: We basically don’t want to upset anybody. And the problem is if Ambassador Stevens’ family knew that we were sitting on information about the people who killed their son, their brother, and we could look them as a government in the face, then we are messing up.

We’re messing up.

HOUSLEY: Fox News spoke exclusively with this Special Operator who watched the events unfold in real-time and debriefed those who were part of the response.

He remains anonymous for his safety and has decided to talk because he says he and others connected with the September 11th attacks of Benghazi are frustrated with the excuses, lies and lack of a military response since Ambassador Chris Stevens and three other Americans were killed.

SO: We have all the capability, all the training, all the capacity to kill and capture that only terrorist involved with the specific events of 9/11 and Ambassador Stevens’ death with terrorists who are feeding other regions, including Europe that eventually could effect our national security in the short-term.

We’re not talking midterm or long term. This is short-term.

HOUSLEY: The community is pretty frustrated?

SO: Absolutely. It’s a daily frustration.

HOUSLEY: Another threat, a larger terrorist haven that continues to build in parts of Libya and North Africa. Those working the region in the United States security plainly the ball is being dropped by people at the White House, Pentagon and State Department.

SO: The second highest population of foreign fighters in the war in Iraq came from Benghazi. Second to Saudi Arabia.
So we are talking about historic location and region that has fed foreign fighters to kill Americans and kill other coalition forces the analysts, the intelligence experts that I work with all say the same thing: that if we just ignore the situation, as it presents itself, eventually another invasion will have to take place for us to eventually turn the tide.

HOUSLEY: He says the region also remains a weapons hub. After the overthrow of former leader Muammar Gaddafi in 2011 which saw massive stockpiles of weapons in Libya move freely across the Mediterranean many cases in Syria.

There are thousands of shoulder-launched missiles called MANPADS, some Americans working the area say they are not allowed to take or even destroy the missiles because they have not been given the authority from their chain of command.

SO: I have come across SA-7′s in the hands of friendly forces, meaning, you know, surrogate, military, or police forces that wanted to be handed over and I was unable it to do that because there was no program in place, no government organizations were interested, no special operations organizations were interested.

HOUSLEY: Is it frustrating knowing that these potential friendly forces or friendly people on the ground there were willing to pass along something that could fall into the hands of an adversary and there was no plan in place to do it?

SO: It was frustrating not only for myself but for the men and the guys that I work with. We always talk amongst each other and discuss that, you know, it’s probably going to take a 747, a 757 to get shot down in Tripoli for somebody to pay attention though that, which is unfortunate.

HOUSLEY: Bret, looking for a response to the charge, that the possible mastermind has been identified and walking around in Libya.

We reached out to the State Department, the CIA, the Pentagon and the FBI. And we received no official response or comment.

Close your eyes and imagine a MANPAD taking out an American or a European passenger jet. Because that’s going to be what happens thanks to the fecklessness, cowardice and incompetence of the Obama administration.

Remember this when — not if — such a “man-caused disaster” occurs.

Also See Part I: BENGHAZI WHISTLEBLOWERS: Obama, Hillary Lied About Assets That Could Have Saved SEALs, Then Threatened Witnesses

Doug Ross @ Journal

Building Your Bugout Bag: The Complete Infographic Checklist

Looking for a bug out bag checklist to make sure your bug out bag isn’t lacking anything critical?  Instead of another long written post about bug out bags, we thought we’d put one out there in pictorial form.

Hope this gives you a few ideas on items you haven’t checked off your bug out bag checklist quite yet.  We know one bug out bag isn’t right for every occasion, but this is how we are packing our bags for a TEOTWAWKI scenario.

And please, let us know if you think we missed anything, or if you’ve discovered a better solution then we have for some of the challenges to bugging out.  New products are always hitting the market, and we’d like this page to be a resource for people that stays current.

This Bug Out Back Checklist Brought To You
By ThePrepperProject.com


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You