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Showing posts tagged collapse

Survival supplies industry booming

It looks like the recent global disasters have stimulated one section of the economy. The story covers general survival sales as well as bunkers.

 


Trailer for Michael Ruppert’s “Collapse” film

Whatever you think of Michael, at least the Wall Street Journal gave the film a good review:

Directed by documentarian Chris Smith (“American Movie”), the film consists mostly of Mr. Ruppert speaking about the dangers of peak oil and the looming catastrophe that declining oil reserves could bring. The film opens Nov. 6 [2009] in New York and on the new video-on-demand channel FilmBuff.

"The power of ‘Collapse’ is that Ruppert … never sounds like a crackpot," Entertainment Weekly critic Owen Gleiberman wrote after the movie’s Toronto International Film Festival premiere in September. "You may want to dispute him, but more than that you’ll want to hear him, because what he says—right or wrong, prophecy or paranoia—takes up residence in your mind."

But as with “Fog of War,” the Oscar-winning documentary about former Secretary of Defense Robert S. McNamara, Mr. Ruppert comes across in the film as both authoritative and dubious, leaving the audience open to make its own judgment of the man and his ideas. The Wall Street Journal sat down with Mr. Ruppert to discuss oil, Wall Street and the “imminent collapse of human industrialized civilization.”

 


Warren Buffet: “Dollar in decline”


Let the word go forth: On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar.

In a speech given in New Delhi (where he’s hunting up some cheap Indian stocks), the chairman of Berkshire Hathaway warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.

As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”

What’s more, he’s matching actions to words. Over the last couple of years, Buffett has been selling off longer-dated bond holdings, shifting assets into cash and shorter-dated paper. Berkshire’s holdings of debt dated longer than 10 years dropped 31% over the past 18 months, while Berkshire’s cash holdings leapt 56%.

Read the full story

 


Right from the beginning, Walker’s cancellation of a high speed rail link between Madison and Milwaukee sent a rail car business out of Milwaukee, abandoning a large factory. The removal of collective bargaining rights from public employees may lead to a serious catastrophe for the state’s forestry industry, as they are likely to lose their third-party “certified market” status. Now, his policies have sent other businesses throughout the state scurrying. A wind power project near Green Bay will be shuttered…

In fact, since Walker has been sworn in, 19 plants have closed down for a variety of reasons. And as you can see, some of them are directly related to Walker’s policies on regulations, public employee unions, renewable energy and high speed rail. Without including Talgo (the rail car maker) and Invenergy (the wind power company), 2,207 workers in Wisconsin have lost their factory jobs since Walker’s inauguration.

Scott Walker: Bad for Wisconsin Business | FDL News Desk (via robot-heart-politics)

Despite what you may think about the politics of these decisions, cutting budgets to decrease the deficit are going to have a profound impact on life as we know it. If the federal government succeeds in cutting more than the 15% they are fighting over right now, we will see more individuals and businesses being impacted negatively. We’re “damned if we do, and damned if we don’t”. Putting off the cuts only prolongs the arrival of the “check from the waiter at the end of the evening”. Whether sooner or later, eventually we’re all going to see the impact of the sky-rocketing deficit in our own lives - at the local, state, and national levels. Be prepared. 

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Posted at 9:41am
Reblogged (Quote reblogged from littlebitmore)
Tagged federal deficit Wisconsin Scott Walker business economy collapse