It’s a SHTF News Update!
The economy is in the toilet and we live in a world that loves war. That could sum up today’s post. Check the news on any day and you can find something foreboding going on, but I generally resist the temptation to blog it each day. When the accumulated SHTF News reaches a crescendo, though . . . I’d be doing readers a disservice NOT to highlight the doom . . . to highlight the gloom.
Fed Cuts Interest Rate – 3/4’s of a point!? Egad! I’m not sure about Big Ben Bernanke. Is he out of his mind? 3/4’s is A LOT. This won’t do crap for the recession. They want the American consumer to borrow MORE!? I don’t understand this logic. The average American is riddled with personal debt. Sure they need to spend to stimulate the economy, but dude! You can only borrow so much, especially when a quick trip to the freaking GROCERY STORE for some miscellaneous CRAP costs you 50 bucks!
There’s nothing the Fed can do anyway.
We’re all gonna die.
Iran Secures Nuke Juice – more nuke juice for Iran, compliments of Russia. This is Russia’s 5th shipment to Iran’s nuclear power plant. “Previous deliveries were made on December 17 and 28, and January 18 and 20. Three more consignments are due by February according to a timetable agreed by the two sides” source is here. Nukes, nukes, nukes. Every country wants them.
Russia Flexes Muscle – speaking of Russia, scope this (I like the last paragraph best):
Mr Putin has used military manoeuvres, including controversial North Sea overflights, to revive domestic and international respect for Russia’s armed forces which were shattered by the chaos of the 1990s.
He has also boosted military spending, renewed long-range bomber missions and approved a plan to upgrade Russia’s nuclear attack forces, which he said was needed after Nato built up its forces close to Russia’s borders.
But some analysts note that while the sabre-rattling is popular at home, Russian military spending in absolute terms is substantially lower than that of China, Britain or France and less than a tenth of that of the United States.
NATO WILL Nuke First – they’ll nuke to prevent people from getting nukes:
Nato must prepare to launch pre-emptive nuclear attacks to ward off the use of weapons of mass destruction by its enemies, a group of former senior military officials has warned.
Calling for a major change to Nato’s approach to defending its members and their interests, the authors of the report, which has been handed to Nato and Pentagon chiefs, said the first-strike use of nuclear weapons was a “indispensable instrument”.
Catch the entire article here. Lastly, North Korea missed another nuclear deadline. Nukes, nukes, nukes – scary shit indeed.
I do have some token GOOD news for you, though. With the economic outlook being so grim – oil is down!
– Ranger Man
pssssst! shhhhhhhhhhh! *whispering* so the economy sucks, stocks will eventually become bargains, and you’re wondering which stocks a SHTF ninja should watch . . . . check back tomorrow . . . .