Larwyn’s Linx: The Good Guys Are Not Coming To Save Us

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Nation

The Good Guys Are Not Coming To Save Us: Alt-Market
Obamacare’s Pathway to Creeping Control by the State: Dossier
News Flash: Immigration Must Benefit the Host Nation: AT

NJ Ignores Medical Privacy To Assist Feds In Gun Registry: Loesch
Missouri House Passes Bill Nullifying Violations of 2nd Amendment: RWN
Boom: Gosnell Attorney Says Doctor Targeted Because He’s Black: Lid

Economy

‘Tsarnaev Family Received $ 100G’ in Public Assistance Benefits: NB
Is the U.S. spending enough on education?: Mish
Student Loan Bubble Cracks With Pulled Sallie Mae Bond Deal: ZH

NRCC and GOP Handing Labor Unions a Huge Win in SC?: RS
A $ 3.2 million ad campaign to sell a pig: Elephant
Congresswoman’s Round-the-World Trip Cost Taxpayers $ 23K: Roll Call

How Obamacare is like a failed rental car reservation: Tatler
VA Budget Up 40%, Yearlong Pending Claims Up 2,000%: PJM
Ottawa weighing plans for bank failures: CBC

Scandal Central

Obama’s Omerta! Benghazi Whistleblowers Threatened By Administration: Lid
Whisteblowers: White House Lied About Benghazi Rescue Attempt, then Threatened Witnesses: Blaze
State Department blocking lawyers from representing Benghazi whistleblowers: ProWis

Climate & Energy

Be It Resolved That Global Warming Is Going to Turn Women Into Whores and Coochmongers: Ace
Congressional Dems Says Climate Change Driving Women Into Prostitution: Lid
Washington’s brilliant new plan to clean up legacy wells: Hot Air

Media

Now This is Interesting: Walls of the City
Exploiting the Gun Show Loophole. Or Not.: TAG
President calls Jason Collins, praises his courage; Slain heroes overlooked: Twitchy

Barry Munchkin Syndrome: Driscoll
Republican Congressman Mike Rogers is SWAT-ted: Twitchy
New Poll Finds CNN Far Less Believable Cable Channel Than Fox News: NB

The Ricin Case: It Was “Elementary”, Mr. Curtis.: Lady Liberty
Media Matters Probably Thinks It Has A Point Here: Kruiser
Two New Polls: Americans Fear Our Government More Than Terrorists: RWN

World

Pamela Geller – Jihad In Boston, Jihad In America, Stop The Jihad: The United West
US-Backed Syrian Rebels Kill 20 Shia Men, Offer To Give Headless Bodies Back To Families For A Ransom: WZ
Dershowitz laughed at while presenting plan to restart peace talks: JPost

Sci-Tech (courtesy BadBlue.com/Tech)

Here’s what Facebook sends the cops in response to a subpoena: ZDNet
Detector finds smuggled cellphones even without batteries or SIM cards: NetworkWorld
Socialbakers denies report that ‘millions of users’ have left Facebook, says ‘there is no story’: TNW

Cornucopia

“Marc Jacobs is the most cruel thief of the century!”: Style Angelique
Gee, Dad, It’s a Porsche: C&S
10 Vintage Public Service Agreements: Mashable

Image: Ace o’ Spades
Today’s Larwyn’s Linx sponsored by: FreedomWorks: Tell John Boehner to Defund Obamacare

QOTD: “Barack Obama knows how to do one thing: elect Barack Obama to public office. And that’s not ‘elect Democrats.’ Or ‘elect liberals.’ Or even ‘elect people that Barack Obama likes.’ It’s just him: his team is trying pretty hard right now to figure out how to use their over-specialized skill more generally, but they don’t have much time to figure it out and the system is actually rigged against them in this case.

Barack Obama certainly doesn’t know how to govern effectively; take away a Congress that will rubber-stamp the Democratic agenda and he flails about. He’s so bad at this, in fact, that when confronted with a situation where all he had to do was do nothing to fulfill a campaign promise (the tax cuts) we somehow ended up with a situation where Obama gave in on 98% of those tax cuts and voluntarily signed up to take the blame for the AMT fix.

In short: Obama was woefully unprepared for the Presidency, and he hasn’t really spent the last four years trying to catch up. Instead, he goes from situation to situation either trying to recast the problem in ways that he does have some skill in (permanent campaigning for office), or else… flail about on the scene while hitting people’s buttons quickly and/or at random, in the hopes that eventually the laws of probability will allow him to bull on through anyway.” –Moe Lane

Doug Ross @ Journal

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression”

“The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”

Peter Schiff
August 2006

In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues. He urged Americans to exit financial markets and take steps to protect themselves before the wealth held in their savings accounts, retirement investments and real estate was wiped out.

Few listened.

We know what happened next.

Now, those same financial experts who publicly vilified Schiff for his predictions six years ago are at it again. Many, including our politicians, central bankers and leading economists, have unequivocally stated that the worst is behind us, and that a global recovery is on the horizon.

Once again, Peter Schiff disagrees:

“I think we are heading for a worse economic crisis than we had in 2007,” Schiff said.  “You’re going to have a collapse in the dollar…a huge spike in interest rates… and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it.”

Schiff says that, despite “phony” signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $ 16 trillion federal debt and the Fed’s never ending money printing.

According to Schiff, these numbers are unsustainable. And the Fed has no credible “exit strategy.”

Eventually interest rates will rise… and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.

“The crisis is imminent,” Schiff said.  ”I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”

“We’re broke, Schiff added.  ”We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”

“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”

A noted economist, Schiff has been a fierce critic of the Fed and its policies for years. And his warnings have proven to be prophetic.

His recent warnings, however, have been even more alarming.  Will they also prove to be true?

In his most recent book, “The Real Crash” How to Save Yourself and Your Country“, Schiff writes that
when the “real crash” comes,” it will be worse than the Great Depression.

Unemployment will skyrocket, credit will dry up, and worse, the dollar will collapse completely, “wiping out all savings and sending consumer prices into the stratosphere.”

“All we can do now is prepare for the crash,” Schiff said. “If we brace ourselves properly and control the impact, we will survive it.”

Indeed.

We must understand that none of the fundamental problems leading up to the 2007/2008 financial crisis have been resolved.

If anything, it’s gotten worse.

Our politicians will not change, and therefore, will change nothing in Washington. Wall Street is as corrupt as ever. Our central bank continues to devalue our currency. There is no end in sight for these people. They will continue on this unsustainable path until we as a country finally hit the proverbial brick wall.

As Peter Schiff notes, the destruction to life as we know it in America and the world is imminent. It’s going to be severe.

So much so that the government has been simulating the collapse of our financial system, the collapse of our society and the potential for widespread violence.

A collapse happened in 2008, but THE collapse is still ahead.

Watch: Peter Schiff Saw It Coming:


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

Report: Farmers Hoarding Food To Protect Against Currency Collapse

Which asset is more secure than money in the bank?

The answer is simple.

It’s the asset that will still have value when the money or the bank collapse.

All over the world, when people have been faced with the prospect of having their savings wiped out or confiscated they have turned to hard assets – physical goods they could hold in their possession and trade if necessary – as protection.

Argentina, a country that is no stranger to economic hard times and hyperinflation, gives us a prime example of what becomes money when the system collapses.

At an inflation rate of 25%, while their currency loses significant purchasing power, Argentines have made a mad rush into gold, silver, and other tangible goods that retain their barterable value.

Like many Greeks, who have headed to the countryside to grow their own food in the midst of complete economic destruction, farmers in Argentina are hoarding the one tangible investment they know will not lose value, no matter what their currency does.

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, many say.

“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.

With their currency in meltdown and food demand around the world rising, these farmers understand where real value comes from.

  • Their food can’t be lost in the stock market.
  • It’s intrinsic worth cannot be vaporized in a banking collapse.
  • And they do not need to wait for anyone to deliver it to them, as they hold it in their personal possession.

Hoarding commodities – not the paper receipts that represent your ownership, but the actual physical good – is a powerful diversification strategy, and one that is a natural response to times of uncertainty and government run amok:

Argentina is going through the classic stages of economic collapse.

The government seized all pensions. They are destroying everything that gives the people incentive to be a society that emerges from the cooperation of everyone.

When government turns against its own people, even as the USA is currently doing, you end up with deflation insofar as the economy collapses and wages are not available, while hoarding emerges as does barter.

source: Martin Armstrong

This strategy of buying commodities at lower prices today to consume at higher prices tomorrow can be implemented on a micro-economic personal scale in your own home. Doing so, especially with health and nutrition considerations, will not only provide you with long-term cost savings as global currencies continue to lose purchasing power, but insulate you against the possibility of a rush for food in the event of an emergency or widespread economic instability.

Whether you choose to stock your long-term food pantry by going to a grocery store, grow your own food in your traditional or aquaponics garden, learn to preserve it yourself, or prefer to do your own food storage packing, the key is to develop a plan and implement it now.

The US dollar isn’t getting any stronger over the next 10 years.

But the rice, beans, wheat, and pasta you stockpile will still have the same exact intrinsic value a decade from now as they do today.


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