Monthly Archives: August 2009

>Best Collapse EVAH!

>Denninger continues his deep rectal examination of the FDIC, started here, with these entries from over the weekend:

One of Three Down: Is the FDIC Still Solvent?

Treasury, FDIC, and More: How Many Lies?

Sunday Lesson: Why “Normal” Will Not Return

Mish Shedlock weighs in here on the same theme: As of Friday, August 14, 2009, FDIC is Bankrupt. Money graf:

***
…We believe the main reason for this observation lies in a de facto relaxation of accounting standards, even before the FASB 157 amendment on March 15th earlier this year. Basically the relaxation allows banks to only write-off parts of their losses due to market impairment and they may themselves decide a fair price that the asset could have been sold for during normal market conditions to keep in their books. Allowing banks to control how they mark-to-market their assets, will likely backfire and when they ultimately end up failing, imply greater closure costs for the FDIC. From the graph [below] one can infer that the average yearly DIF costs/bank assets have increased at an alarming rate to almost reach 31% in 2008 and 2009…
***

Read ’em all and pass ’em on, along with this piece from Saturday’s UK Telegraph, courtesy of Ambrose Evans-Pritchard. Key quote:

***
…Mr Janjuah said governments might put off the day of reckoning into the middle of next year if they resort to another shot of stimulus, but that would store yet further problems. “If what I fear plays out then I will have to concede that the lunatics who ran the asylum pretty much into the ground last year are back in control”…
***

Don’t place your safety and that of your tribe in the hands of crazy people.

Things are getting worse.

>Celente: The ‘Second American Revolution’ Has Begun

>From Gerald Celente (and to whom all emails indicating that the War of Northern Agressiuon was in fact AmRev2 should be sent):

***
Kingston, NY — The natives are restless. The third shot of the “Second American Revolution” has been fired. History is being made. But just as with the first two shots, the third shot is not being heard.
America is seething. Not since the Civil War has anything like this happened. But the protests are either being intentionally downplayed or ignorantly misinterpreted.

The first shot was fired on April 15, 2009. Over 700 anti-tax rallies and “Tea Parties” erupted nationwide. Rather than acknowledge their significance, the general media either ignored or ridiculed both protests and protestors, playing on “tea bagging” for its sexual innuendo.

Initially President Obama said he was unaware of the tea parties. The White House later warned they could “mutate” into something “unhealthy.”

Shot #2 was fired on the Fourth of July, when throngs of citizens across the nation gathered to again protest “taxation without representation.” And as before, the demonstrations were branded right-wing mischief and dismissed.

The third volley, fired in early August, was aimed point blank at Senators and House members pitching President Obama’s health care reform package to constituents. In fiery town hall meetings, enraged citizens shouted down their elected representatives. It took a strong police presence and/or burly bodyguards to preserve a safe physical space between the politicians and irate townspeople.

The White House and the media have labeled protestors “conservative fringe elements,” or as players in staged events organized by Republican operatives that have been egged on by Fox news and right-wing radio show hosts.

In regard to this latest wave of outbursts, health industry interests opposed to any reform are also being blamed for inciting the public. But organized or spontaneous is not the issue. While most protestors exhibit little grasp of the complex 1000 page health care reform document (that nary a legislator has read either), their emotion is clearly real and un-staged.

Rightly or wrongly, the legislation is regarded as yet another straw on the already overloaded camel’s back. A series of gigantic, unpopular government-imposed (but taxpayer-financed) bailouts, buyouts, rescue and stimulus packages have been stuffed down the gullet of Americans. With no public platform to voice their opposition, options for citizens have been limited to fruitless petitions, e-mails and phone calls to Congress … all fielded by anonymous staff underlings.

Now, with Congress in recess and elected representatives less than a stone’s throw away, the public is exploding. The devil is not in the details of the heath care reform, the devil is the government mandating health care. Regardless of how the plan is pitched or what is being promised, to the public the legislation is yet another instance of big government taking another piece out of their lives and making them pay for it; again telling them what they can or cannot do.

Though in its early stages, the “Second American Revolution” is underway. Yet, what we forecast will become the most profound political trend of the century – the trend that will change the world – is still invisible to the same experts, authorities and pundits who didn’t see the financial crisis coming until the bottom fell out of the economy…
***

Read the rest.

Audentes fortuna iuvat.

>Advance to Contact

>

Mike explains some of his motivations here.

My thoughts?

When the enemy is out there somewhere, and the tactical and/or strategic situation does not allow one to sit at home, one must go and find where the enemy is.

“Find”, after all, is the first element in the classic “find ’em — fix ’em (in place) — and f*ck ’em” formula of warfare.

The efforts of open-air freedom fighters are, in large part, designed to force the opposition to react.

The fact that the BATFE is merely the low-IQ simpleton brother agency of the much more dangerous Federal Bureau of Investigation doesn’t change that reality.

Remember — the ATF starts fights, and generally gets their tails whupped.

The FBI then comes in and kills enough people to declare victory. Read “Cold Zero” by Horiuchi-comrade Christopher Whitcomb if you have any doubts.

Both agencies are simply different faces of the exact same apparatus, with each element answering to the Attorney General, Eric Holder — who in turn answers to President Barack Obama.

So when you see articles like this one in yesterday’s USA Today, know that the OpFor is sending a hard ping in your direction:

***
Feds try to detect ‘lone offenders’
By Kevin Johnson, USA TODAY

Federal authorities have launched an effort to detect lone attackers who may be contemplating politically charged assaults similar to the recent murders of a Kansas abortion doctor and a Holocaust museum security guard.
The effort, known as the “Lone Wolf Initiative,” was started shortly after President
Obama‘s inauguration, in part because of a rising level of hate speech and surging gun sales.

“Finding those who might plan and act alone, the so-called lone offenders … will only be prevented by good intelligence, the seamless exchange of information among law enforcement at every level, and vigilant citizens reporting suspicious activity,” said Michael Heimbach, the FBI‘s assistant director for counterterrorism.

Secret Service spokesman Malcolm Wiley said the FBI is sharing information with his agency.

Agents from all of the FBI’s 56 field offices have been dispatched on a range of assignments, said two U.S. law enforcement officials who were not authorized to speak publicly about details of the program. Among the duties:
• Reviewing records in domestic terrorism investigations that may point to more suspects.
• Analyzing records for suspicious purchases at fertilizer or chemical suppliers whose materials could be used in bombmaking.
• Checking rolls of prisoners scheduled for release or who have been recently released for past links to extremist groups.

One of the goals, FBI officials said, is to develop more comprehensive information on possible lone attackers to disrupt plots before they are launched.
ACLU policy spokesman Michael German, a former FBI agent, said the government effort resembles a form of “predictive policing” that can sometimes result in the improper profiling of people based on race, ethnicity or political leanings.

Yet former Homeland Security secretary Michael Chertoff said the lone attacker has been a “persistent problem,” primarily because information about those plots is very closely held.

Federal investigators spent years chasing Unabomber Ted Kaczynski and Olympic Park bomber Eric Rudolph before capturing them.

Hate groups have multiplied across the USA, from 602 in 2000 to 926 in 2008, reports the Southern Poverty Law Center, which tracks extremist groups and works to limit their activities. Mark Potok, director of the center’s Intelligence Project, said the lone attacker is an extension of the “leaderless resistance” concept of activism advocated by white supremacist Louis Beam.
Potok cites the attack by James von Brunn, an elderly white supremacist charged with fatally shooting black security guard Stephen Johns at the U.S. Holocaust Memorial Museum in June. That attack came 10 days after abortion provider George Tiller was shot to death at his church. “No one in the world would have expected an 88-year-old man would do that,” Potok said of von Brunn.

***

What you, as a free American, decide to do in response, if anything, to such pings is entirely up to you. Just understand that it most likely won’t be the incontinents at BATFE who come after you.

And for the Federales who are reading this post, you and your fellow agents would be well served to remember this excerpt from Mike’s letter to AG Holder:

***
…And Eric, not to put too fine a point on it, but you and I both can make an educated guess about what mischief will likely ensue if ANY high-profile Second Amendment activist “has an accident”. Best to tell your lads and lasses to stick to those nice safe paper cases (you know, the ones with the 4473s completed with a “Y”, rather than “yes”) and confine their wet-work fantasies to their off-duty reading. There’s still lots of vicious drug gangs, murderous career criminals and real terrorists out there to keep them busy without picking a fight with honest American gunowners who merely want to be left alone…
***

If “the bad thing” starts in this country, there will be no rules.

No rules at all.

Food for thought and wise choices, one hopes.

Sic semper tyrannis.

>Symbols

>


How difficult would it be to create a stencil of this image?

Properly sized, that stencil, along with reflective white spray paint, could then be used on every stop sign one finds.

Alternatively, another stencil could be made for the same application as follows:

OBAMUNISM

Scale it properly, spray it onto the neighborhood’s stop signs, and you’ve got another way to communicate to your fellow citizens.

>Directive from the Uberkommissars

>
Your elected-for-life masters apparently believe that you filthy peasants have not been sufficiently subservient.

Don’t you realize that your job is simply to roll over and take it, in whatever fashion and to whatever extent your betters wish?

And you do understand that nothing short of ongoing and widespread specific deterrence is going to change the current path, ja?

As usual, Beck says it all:

All politics in this country now is just dress rehearsal for civil war.

Ready on the left….

Ready on the right….

Audentes fortunat iuvat.

>Bleg for Spare Parts Lists/Vendors

>In light of current events, it would be a huge help — both personally and for our readers — to have a concise list of spare parts needed to keep most probable Resistance rifles running for the duration. As the saying goes, without the right spare parts, that fancy rifle becomes an expensive, unwieldy club.

So let me turn to the audience and ask for your advice for the specific spare parts you recommend to acquire and store for each of the following longarms:

M1 Garand
M1A/M14
AR15/M16
FN FAL
HK91/93/G3 and clones
SKS
AK 47/74
M1 Carbine
Mauser 98

Mosin-Nagant 91/38/44 series
Enfield No 1 Mk III series
Enfield No 4 series
US Enfield 1917
Springfield 1903
Springfield 1903A3
Remington 700
Savage 110
Winchester Model 70
Remington 870
Remington 1100/11-87
Mossberg 500

Please include in your responses approximate prices (if known) and links or snailmail addresses for all vendors. Finally, please include any recommended weapon-specific tools or accessories without which one would not choose to deploy.

Thank you in advance for helping us all keep our rigs running.

Tempus fugit.

>Williams: Current Economic Downturn Is Worst Since Great Depression

>John Williams, of the essential Shadowstats.com economics myth-busting web service, has allowed 321gold to reprint this excerpt from his 8/1/09 “Depression Special Report”:

***

OVERVIEW

U.S. Economy Is in a Multiple-Dip Depression. The grand benchmark revision of the national income accounts on July 31, 2009 confirmed that the U.S. economy is in its worst economic contraction since the first downleg of the Great Depression, which was a double-dip depression. The current economic downturn increasingly will be referred to as a depression, and it is far from over. There will be intermittent blips of new activity, such as the current cash-for-clunkers automobile giveaway program that appears to be generating a one-time spike in auto sales. Yet, this downturn will continue to deteriorate, proving to be extremely protracted, extremely deep and particularly nonresponsive to traditional stimuli.

As discussed in recent writings, the economy suffers from underlying structural problems tied to consumer income, where households cannot keep up with inflation and no longer can rely on excessive debt expansion for meeting short-falls in maintaining living standards. The structural issues are not being addressed meaningfully and cannot be addressed without a significant shift in government economic and trade policies, which under the best of circumstances still would drag out economic woes for many years.

The current depression likely will show multiple dips in business activity, as was seen during the Great Depression and in the double-dip recession of the early-1980s. I shall argue that the current downturn started at least a year earlier than the December 2007 onset proclaimed by the National Bureau of Economic Research (NBER), official arbiter of U.S. recessions. The current depression is the second dip in a multiple-dip downturn that started back in 1999, and it preceded and in fact was the proximal trigger for the systemic solvency crisis that rose to public view in August 2007. The ensuing systemic problems did not cause the slowdown in business activity, but they exacerbated it significantly.

While the current circumstance should become recognized as a “depression,” worse lies ahead as the U.S. government’s long-range insolvency and current efforts at debasing the U.S. dollar trigger a hyperinflation in the next five years. Risks for the onset of a hyperinflation in the United States are particularly high during the next year. As will be discussed in the soon-to-be-updated Hyperinflation Special Report (see the existing April 2008 version for basic background), the United States would be particularly hard hit by such a circumstance. Unlike Zimbabwe, which has been able to maintain some level of functioning commerce during its hyperinflation, due to the backstop of an active black market in U.S. dollars, the United States has no such backstop. Accordingly, a U.S. hyperinflation likely would force cessation of regular commerce, triggering a great depression of a magnitude never before seen in the United States.

More follows for subscribers… Go to John Williams’ website to subscribe.
***

As an example of what Williams does on his site (some useful parts of which are free), take a look at the broadest measures of unemployment (U6) as reported in the media and as corrected by Williams to reflect pre-Clinton methodology.

Sleep tight, kiddies.

You’re gonna need it.

>Wolfe: Preparing for Civil Unrest

>A very worthwhile article by Claire Wolfe in Backwoods Home regarding an all-too-likely future reality:

***
The most remarkable thing about civil unrest is that there hasn’t been more of it.

Politicians are making a hash of this country—and much of the rest of the civilized world. We know it. They know it. They know we know it. But we don’t feel we can do anything much to stop them.

That right there is the pre-condition for civil unrest—when people are frustrated and politicians are nervous.

Worse, that was how things stood before last fall’s crash. Before pols on both left and right launched the biggest mass transfer of wealth in history—transferring our wealth (what we had left of it!) to their friends on Wall Street and in the banking industry. In other words, that’s how things were before things got bad!

Now everybody’s talking about the ongoing catastrophe (even if we are in a momentarily sunny mood). But almost nobody is talking about the logical—maybe even inevitable—consequences of cynical or desperate politicians abusing an already fed-up populace: civil unrest.

I mean people taking to the streets. Or mass resistance. Or crackdowns because the government fears we might do something to upset its apple cart. It’s going to happen. Somewhere. At some time. It’s going to.

One of the few VIPs to mention the matter openly was Zbigniew Brzezinski, former National Security Advisor and the ultimate insider’s insider. He commented on the millions of unemployed or soon-to-be-unemployed and the “…public awareness of this extraordinary wealth that was transferred to a few individuals at levels without historical precedent in America.” He told “Morning Joe” Scarborough, “Hell, there could be even riots.” I’d say that’s an understatement.

Although few in power are talking about it, rumors abound that governments at many levels are planning for civil unrest. One rumor is about a document supposedly being circulated right now among top federal officials. It’s called the “C&R Document”—with C&R standing for “conflict & revolution.” The much-storied paper is said to be a plan for controlling the American people when we get out of hand.

True? Who knows.

But the very rumor tells us a lot about these times…
***
Read the whole thing, and ask yourself if you are ready — in all senses of that word — for what is to come.

Tempus fugit.

>Denninger: Warning Related to the FDIC

>From Karl Denninger, another post in this series:

***
I’m going to put this bluntly, at the risk of being called an “extreme doomer”, even though the scenario I am outlining here has only, at this point, a reasonably-small (perhaps 10-20%?) chance of happening.

During the S&L Crisis many people who had (up to $100,000 at the time) money below insured limits were prevented from getting all their money at once.

The circumstances?

The same as we have today: State-run insurance, which insured some S&L accounts, ran out of money, just as the FDIC is out of money under any rational accounting.

Note that these insurance funds were “backed” by the full faith and credit of the respective government just as is the FDIC. Nobody lost money, and so Sheila Bair’s (and Suze Orman’s) claim that “nobody has ever lost a penny in insured deposits” (so far) is true.

However, some people were only able to get a limited amount of money – in some cases $750 to $900 a month or so – out of their accounts, and that state of affairs persisted for quite some time.

It is thus my position that even if you are well under FDIC limits you must move money around now so you have multiple bank accounts and thus if your withdrawals and access to your funds are “rationed” in a similar fashion you will be able to access what you need to pay your electric bill, put gas in your car and buy your food.

Remember, getting your money back doesn’t mean getting it all right now, and government agencies can be very inflexible when what they have decided to do conflicts with what you want…
***
Read the rest of Denninger’s article, then pass it to others (along with its predecessors).

The orchestra is about to start the overture…

>Food for Thought

>First, check out The On Line Freedom Academy, as found on Kent McManigal’s site. Take the time to review the material there, please, while passing it to other folks who can benefit.

Next, from a comment by Billy Beck at this post on Balko’s place, some essential reading:

*** “Ayn Rand: The Russian Radical”, 1995, by Chris Matthew Sciabarra. Please attend chapter 11: “Relations Of Power”.

*** “Eichmann In Jerusalem: A Report On The Banality Of Evil”, 1963, by Hannah Arendt.

The subject here is what Rand called “the sanction of the victim”.

SJE — “Some cops are all about destroying a person’s personhood. Lets see how tough they are clearing IEDs.”

From Solzhenitsyn: “Until they were arrested and imprisoned in the Lubyanka, they hadn’t the slightest idea what a real prison was nor what the jaws of unjust interrogation were like. (There is no basis for assuming that if Trotsky had fallen into those jaws, he would have conducted himself with any less self-abasement, or that his resistence would have proved stronger than theirs. He had no occasion to prove it. He, too, had known only easy imprisonment, no serious interrogations, and a mere two years of exile in Ust-Kut. The terror Trotsky inspired as Chairman of the Revolutionary Military Council was something he acquired very cheaply, and does not at all demonstrate any true strength or courage. Those who have condemned many others to be shot often wilt at the prospect of their own death. The two kinds of toughness are not connected.)”

(“The Gulag Archipelago”, Volume One, Part I (”The Prison Industry”), chapter 10 (”The Law Matures”), p. 410)

When the monster Yezhov’s time came in Varsonofyevsky Lane, he had to be dragged by both hands down the sloping floor, weeping like a little girl. This is what I would expect from your average cop, now, even if they weren’t in line for nine grams.

Lastly, for now, put together a duplicate light “go-bag”, including gloves, sunglasses, mask, floppy hat, duct tape, toiletries, pistol/holster/ammunition, change of clothes/socks, broken-in shoes, a non-descript wind/rain coat, $200 in cash, aspirin or other headache tabs, belt knife, small flashlight plus batteries, micro AM/FM radio plus batteries, and some granola/protein bars.

Tomorrow, leave the bag with someone that is not closely associated with you, but whom you trust.

You’re gonna need it.

Tempus fugit.

WRSA Grid-Down Medical Course — Boise, ID — September 5-6, 2009

>Field Expedient Medical Care for Outdoorsmen in Austere Environments

This two-day (16 hour) course of instruction will prepare the motivated outdoorsman to treat life-threatening and function-threatening medical conditions in the wilderness without access to classical EMS and medical resources.

The working hypothesis of this program is an injury or illness sustained by a family or work group remote from medical resources by distance, time, or availability (grid-down) over a short to intermediate interval.

Designed by a retired Emergency Physician with 35 years of Trauma, EMS/ Rescue, and instructional experience, the methods and techniques taught are derived from over 10 years of front-line trauma care in an urban gangland zone and over 35 years of medical practice in environments as diverse as remote underground in caves (delayed evacuation to surface of 20 hrs), on the side of remote hills (48 hr bivouac in “whiteout” conditions), and at sea. The trauma concepts are compatible and consistent with the current military method of Tactical Combat Casualty Care.

Topics Include:
• The priority of medical care/stabilization in the survival skill set
• Triage: When to use the resources at hand, to benefit the most individuals, and preserve the “team” capability
• The “Priorities” of care for the single victim vs. the “Survivability” of the single victim in remote (time/distance/accessibility) austere environment
• The Major (Medical) Life Threats: Function and Management
• Anatomy of the life-sustaining systems of the human body
• Cover and concealment: high-threat extraction concepts
• The Big Three Survivable Life Threats-Airway control issues, pneumothorax/tension pneumothorax, and external hemorrhage
• Advanced airway techniques for the average sportsman/citizen, with expanded scope knowledge: Nasal Airways, cricothyrotomy
• Basic and Advanced Treatment of Thoracic Wounds- Stopping the air leak, and/or venting the pressure
• Basic and Advanced External Hemorrhage control- Direct pressure, mechanized direct pressure, hemostatic agents, pressure point use behind cover, tourniquets
• The science, and fairy tale, of fluid resuscitation
• Monitoring the head injured patient
• Stabilization of fractures and splinting for functional use
• Definitive wound care: Cleansing, Debriding, Closing
• The Team “Debilitators”: infection, vomiting/diarrhea/field sanitation, dehydration, toothache, soft tissue injuries, hyperthermia, and hypothermia
• Dealing with burns or cold induced wounds (frostbite, frostnip, etc.)
• Current therapy of envenomations: snakes, spiders, bees
• Pre-Pack Pharmacy: What you want to have before venturing into the outback
• Teammates with pre-existing disease: how not to make it worse
• The “Jericho Scenario”: Protection, Decontamination, and Treatment for chemical and biological agents

NOTE: This NON-CERTIFICATION course is presented for YOUR INFORMATION ONLY. All personnel take NO RESPONSIBILITY for your use of this information in a real-life situation.

When: September 5-6, 2009

Where: Fruitland, ID (vicinity of Boise, ID); details TBD

How Much: $325/person; $25 discount for team members

More info: griddownmed@hotmail.com

Lodging Suggestions:

(Note: these hotels are in Ontario, OR, adjacent to Fruitland; call hotels for more info)
Best Western, 800-528-1234
Budget Inn, 541-889-3101
Holiday Inn, 541-889-8621

>Denninger: FDIC Blues

>Read these three recent posts by Karl Denninger, in the original order:

Is The FDIC Broke and Covering It Up?

Pump Monkey Orgasms

ROFL! FDIC “Tells Banks” To Quit Cooking The Books!

Remember how close we came last fall to a bank meltdown?

Check your reserves of mattress money.

>The Insufferable Arrogance of Your Employees

>
Watch this video as posted at Instapundit earlier today.

Read the associated stories at the link.

Listen to HHS Secretary Sebelius and Senator Arlen Specter try to mollify the crowd into accepting the latest wave of AmSoc (“American Socialism”).

Consider as well the likely end-state utility of this facially-admirable effort.

Conventional politics, the universal franchise, and your fellow Americans got the former Republic to where it is today.

Tell me, please — rationally and logically — why you believe that more of the same will not yield more of the same.

And while you’re at it, explain why civil war — both citizen-on-citizen and citizen vs. government — is not inevitable in the near future.

Let’s win.