By Mac Slavo, www.SHTFplan.co

Well known economist, trend forecaster and Gloom, Boom
and Doom Report publisher Dr. Marc Faber
joined some of the world’s leading investment minds at the Barron’s
2012 Roundtable to discuss what’s in store for 2012 and beyond with
respect to the economy, inflation, political stability and a host of
other issues.

As is generally the case, Dr. Faber doesn’t mince words and warns
that, despite what happens in the near term, the end game is global
conflict.

Excerpted from Barron’s
2012 Roundtable via SGT Report

Marc Faber: On another optimistic note, World War
III will occur in the next five years. That means the Middle East will
blow up. New regimes there will be less Western-friendly. The West has
also figured out it can’t contain China, which is rising rapidly and
will have more military and naval power in Southeast Asia. The only way
for the West to contain China is to control the oil tap in the Middle
East.

Bill Gross (Founder, Pimco): How does your World
War III hypothesis affect the financial markets? Is it positive for
stocks?

Marc Faber: It is very positive for stocks and
negative for bonds, because debt will grow dramatically. There will be
massive monetization of debt. When the U.S. entered World War II total
credit equaled 140% of GDP, and there were no unfunded liabilities. Now
total credit-market debt is 380% of GDP, and unfunded liabilities make
that 800%.

Brian Rogers (Chairman, T. Rowe Price): How is
World War III good for stocks?

Felix Zulauf (Zulauf Asset Management): Unused
capacity in an economy can be directed to the defense and war industry.
That will be paid for by new government debt, and that keeps the
economy growing.

Scott Black (President, Delphi): Marc, if Israel
strikes Iran’s nuclear facilities, they will use air power. They aren’t
going to commit ground troops. It won’t be the kind of conflagration
you’re thinking.

Bill Gross: War takes place today in cyberspace
and in terrorist space. Whether or not there will be a land war isn’t
the question.

Dr. Faber has also expressed his views on prior occasions,
suggesting that World War III is an inevitable outcome when nations
begin to default on trillions of dollars worth of debt (whether by
refusing to pay or simply easing their monetary supply).

In August
of 2010 Faber urged his subscribers to begin making preparations
for worst case scenarios:

In his latest GBD Report, Faber again advises those with the means
to do it, to leave urban areas and seek safety in rural, country areas,
preferably farms, and to be prepared to defend that land in the event
the worst happens:

Faber has an interesting suggestion for investors if the
plunge comes to pass.

With tongue apparently in cheek, he says buy a farm you can
tend to yourself way out in the boondocks. And protect it with high
voltage fences, barbed wire, booby traps, military weapons and
Dobermans.

While several members of the Roundtable disagree with the idea that
a conventional global war is out of the question, suggesting instead
that conflicts will be dealt with through air superiority and in
cyberspace (in itself a potentially catastrophic battlefield for modern
civilization), they are ignoring the real possibility that an attack on
Iran, or even a rogue attack against Europe or the United States, could
escalate to such a level that China
or Russia
would have no choice but to get involved.

While hard to believe, we’ve seen it before. Twice just in the last
century.

Not many people would have believed it prior to 1914 either. But
within just a few short months of the assassination of Archduke
Ferdinand in late June of that year, millions were dead and the Western
front had extended hundreds of miles across Europe to the North Sea.

Events played out with similar velocity in World War II when Adolf
Hitler’s aptly named Blitzkrieg (Lightning War) overtook entire nations
in a matter of days.

It only takes one country, one sociopathic leader with his finger on
the button, to get the ball rolling. Then there is no stopping it.

Author: Mac Slavo

Date: January 17th, 2012
Website: www.SHTFplan.com

THE DIARY OF AN ENGLISHMAN LIVING IN THE HIGHLANDS OF SCOTLAND .

“Our First Winter”

DECEMBER 20th

It’s starting to snow. The first of the season and the first we’ve seen for years.

The wife and I took out our hot toddies and sat on the porch watching the fluffy soft flakes drift gently down clinging to the trees and covering the ground.

It’s so beautiful and peaceful.

DECEMBER 24th

We awoke to a lovely blanket of crystal white glistening  snow covering as far as the eye could see.

What a fantastic sight, every tree and bush covered with a beautiful white mantle.

I shovelled snow for the first time ever and loved it.

I did both our driveway and the pavement. 

Later that day a snow plough came along and accidentally covered up our driveway with compacted snow from the street.

The driver smiled and waved.

I waved back and shovelled it away again.

The children next door built a snowman with coal for eyes and a carrot for a nose, and had a snowball fight.

A couple just missed me and hit the car so I threw a couple back and joined in their fun.

DECEMBER 26th

It snowed an additional 5 inches last night and the temperature dropped to around minus 8 degrees..

Several branches on our trees and bushes snapped due to the weight of the snow.

I shovelled the driveway again.

Shortly afterwards the snow plough came by and did his trick again.

Much of the snow is now a brownish / grey.

JANUARY 1st

Warmed up enough during the day to create some slush which soon became ice when the temperature dropped again.

Bought snow tyres for both our cars.

Fell on my arse in the driveway.

Went to a physio but nothing was broken.

JANUARY 5th

Still cold. Sold the wife’s car and bought her a 4×4 to get her to work.

She slid into a wall and did considerable damage to the right wing.

Had another 8 inches of the white shite last night.

Both vehicles are covered in salt and iced up slush.

That bastard snow plough came by twice today …………. Where’s that bloody shovel.

JANUARY 9th

More fucking snow.

Not a tree or bush on our property that hasn’t been damaged.

Power was off most of the night. 

Tried to keep from freezing to death with candles and a paraffin heater which tipped over and nearly torched the house. 

I managed to put the flames out but suffered 2nd degree burns on my hands. Lost all my eyebrows and eyelashes.

Car hit a fucking deer on the way to casualty and car was written off.

JANUARY 13th

This fucking bastard white shite just keeps on coming down. 

Have to put on every article of clothing just to go to the post box.

The little twats next door ambushed me with snowballs on the way back.

I’ll shove that carrot so far up the little bastard’s arse it’ll take a good surgeon hours to find it.

If I ever catch the prick that drives the snowplough I’ll chew open his chest and rip out his heart with my teeth. 

I think the bastard hides around the corner and waits for me to finish shovelling and then he

accelerates down the street like Michael Schufuckingmacher and buries the fucking driveway again.

JANUARY 17th

Sixteen more fucking inches of fucking snow and fucking ice and fucking sleet and god knows what other white shite fell last night.

I am in court in 3 months time for assaulting the snowplough driver with an ice pick.

Can’t move my fucking toes.

Haven’t seen the sun for 5 weeks.

Minus 20 and more fucking snow forecast.

JANUARY 18th

FUCK THIS, I’M MOVING BACK TO LONDON ………………………………………….

 

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:   Reason why cameras not allowed in our Parliament! Oh Wonderful, while we are all praying to keep our jobs!!!!!!!!!!        This picture is worth a trillion $$ House Minority Leader pictured standing, far right, speaks while colleagues play solitaire Monday night as the House convened to vote on a new budget. (AP) The guy sitting in the row in front of these two….he’s on Facebook, and the guy behind Hennessy is checking out the baseball scores. These are the folks that couldn’t get the budget out by Oct. 1, and are about to control your health care, cap and trade, and the list goes on and on….   Should we buy them larger screen computers – or - a ticket home, permanently?    This is one of their 3-DAY WORK WEEKS that we all pay for (salary is about $179,000 per year). KEEP THIS GOING!  DON’T LET IT STOP WITH YOU!

 

 

 

 

 

 

A mother passing by her daughter’s bedroom was astonished to see the bed was nicely made and everything was picked up. Then she saw an envelope propped up prominently on the center of the bed. It was addressed, “Mom.” With the worst premonition, she opened the envelope and read the letter with trembling hands:

Dear Mom: It is with great regret and sorrow that I’m writing you. I had to elope with my new boyfriend because I wanted to avoid a scene with Dad and you. I’ve been finding real passion with Ahmed and he is so nice-even with all his piercings, tattoos, beard, and his motorcycle clothes. But it’s not only the passion Mom, I’m pregnant and Ahmed said that we will be very happy. He already owns a trailer in the woods and has a stack of firewood for the whole winter. He wants to have many more children with me and that’s now one of my dreams too. Ahmed taught me that marijuana doesn’t really hurt anyone and we’ll be growing it for us and trading it with his friends for all the cocaine and ecstasy we want. In the meantime, we’ll pray that science will find a cure for AIDS so Ahmed can get better; he sure deserves it!! Don’t worry Mom, I’m 15 years old now and I know how to take care of myself. Someday I’m sure we’ll be back to visit so you can get to know your grand children.

Your daughter, Tess

PS: Mom, none of the above is true. I’m over at the neighbor’s house. I just wanted to remind you that there are worse things in life than my report card that’s in my desk center drawer. I love you! Call when it is safe for me to come home.

Kristine   

I think the water was just for ballast.

Don’t think I can (or need to) add anything……..

 

 LITTLE KNOWN TIDBIT OF NAVAL HISTORY

The U. S. S.. Constitution (Old Ironsides), as a combat vessel, carried 48,600 gallons of fresh water for her crew of 475 officers and men. This was sufficient to last six months of sustained operations at sea. She carried no evaporators (i.e. fresh water distillers).

However, let it be noted that according to her ship’s log, “On July 27, 1798, the U.S.S. Constitution sailed from Boston with a full complement of 475 officers and men, 48,600 gallons of fresh water, 7,400 cannon shot, 11,600 pounds of black powder and 79,400 gallons of rum.”

Her mission: “To destroy and harass English shipping.”

Making Jamaica on 6 October, she took on 826 pounds of flour and 68,300 gallons of rum.

Then she headed for the Azores , arriving there 12 November.. She provisioned with 550 pounds of beef and 64,300 gallons of Portuguese wine.

On 18 November, she set sail for England . In the ensuing days she defeated five British men-of-war and captured and scuttled 12 English merchant ships, salvaging only the rum aboard each.

By 26 January, her powder and shot were exhausted. Nevertheless, although unarmed she made a night raid up the Firth of Clyde in Scotland . Her landing party captured a whisky distillery and transferred 40,000 gallons of single malt Scotch aboard by dawn. Then she headed home.

The U. S. S. Constitution arrived in Boston on 20 February 1799, with no cannon shot, no food, no powder, no rum, no wine, no whisky, and 38,600 gallons of water.

GO NAVY!

 

In recent days, the fact that Mitt Romney has millions of dollars parked down in the Cayman Islands has made headlines all over the world. But when it comes to offshore banking, what Mitt Romney is doing is small potatoes.

The truth is that the global elite are hiding an almost unbelievable amount of money in offshore banks. According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money.

Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars. So why do the global elite go to such trouble to hide their money in offshore banks? Well, there are two main reasons. One is privacy and the other is low taxation. Privacy is a big issue for those that are involved in illegal enterprises such as drug running, but the biggest reason why people move money into offshore banks is in order to avoid taxes. Some set up bank accounts in foreign nations because they want to legally minimize their taxes and others set up bank accounts in foreign nations because they want to illegally avoid taxes. You would be absolutely amazed at what some large corporations and wealthy individuals do to get out of paying taxes. Unfortunately, the vast majority of the rest of us don’t have the resources or the knowledge to play these games, so we get taxed into oblivion.

So why do they call it “offshore banking”?

Continue reading this article at: the Economic Collapse Blog.

They always ask at the doctor’s reception why you are there, and you have to answer in front of others what’s wrong and sometimes it is embarrassing.  There’s nothing worse than a Doctor’s Receptionist who insists you tell her what is wrong with you, in a room full of other patients.   I know most of us have experienced this, and I love the way this old guy handled it.  A 75-year-old man walked into a crowded waiting room and approached the desk.  The Receptionist said, ‘Yes sir, what are you seeing the Doctor for today?’  ‘There’s something wrong with my dick’, he replied.  The receptionist became irritated and said, ‘You shouldn’t come into a crowded waiting room and say things like that..  ’  ‘Why not, you asked me what was wrong and I told you,’ he said.  The Receptionist replied; ‘Now you’ve caused some embarrassment in this room full of people.   You should have said there is something wrong with your ear or something and discussed the problem further with the Doctor in private.’  The man replied, ‘You shouldn’t ask people questions in a roomful of strangers if the answer could embarrass anyone.   The man walked out, waited several minutes, and then re-entered.  The Receptionist smiled smugly and asked, ‘Yes??’  ‘There’s something wrong with my ear,’ he stated.  The Receptionist nodded approvingly and smiled, knowing he had taken her advice.   ‘And what is wrong with your ear, Sir?’  ‘I can’t piss out of it,’ he replied.  The waiting room erupted in laughter..  Mess with seniors and you’re going to lose!

I THINK YOU ARE THE FATHER OF ONE OF MY KIDS A guy goes to the supermarket and notices an attractive woman waving at him. She says“Hello!”. He’s rather taken aback because he can’t place where he knows her from. So he says, ‘Do you know me?’ To which she replies, ‘I think you’re the father of one of my kids.’ Now his mind travels back to the only time he has ever been unfaithful to his wife and says, ‘Are you the stripper from the bachelor party that I made love to on the pool table with all my buddies watching while your partner whipped my butt with wet celery?’ She looks into his eyes  and says calmly, “No, I’m your son’s teacher.”

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My favourite is 26.        These are sentences exactly as typed by medical secretaries in NHS Greater Glasgow  1.. The patient has no previous history of suicide.  2. Patient has left her white blood cells at another hospital.  3. Patient’s medical history has been remarkably insignificant with only a 40 pound weight gain in the past three days.  4. She has no rigors or shaking chills, but her husband states she was very hot in bed last night.  5. Patient has chest pain if she lies on her left side for over a year.  6. On the second day the knee was better and on the third day it disappeared.  7. The patient is tearful and crying constantly. She also appears to be depressed.  8. The patient has been depressed since she began seeing me in 1993.  9. Discharge status:-      Alive, but without my permission.  10. Healthy appearing decrepit 69-year old male, mentally alert, but forgetful.  11. Patient had waffles for breakfast and anorexia for lunch.  12. She is numb from her toes down.  13. While in ER, she was examined, x-rated and sent home.  14. The skin was moist and dry.  15. Occasional, constant infrequent headaches.  16. Patient was alert and unresponsive.  17. Rectal examination revealed a normal size thyroid.  18. She stated that she had been constipated for most of her life until she got a divorce.  19. I saw your patient today, who is still under our care for physical therapy.  20. Both breasts are equal and reactive to light and accommodation.  21. Examination of genitalia reveals that he is circus sized.  22. The lab test indicated abnormal lover function.  23. Skin: somewhat pale, but present.  24. The pelvic exam will be done later on the floor.  25. Large brown stool ambulating in the hall.  26. Patient has two teenage children, but no other abnormalities. 27. When she fainted, her eyes rolled around the room.  28. The patient was in his usual state of good health until his airplane ran out of fuel and crashed.  29. Between you and me, we ought to be able to get this lady pregnant.  30. She slipped on the ice and apparently her legs went in separate directions in early December.  31. Patient was seen in consultation by Dr. Smith, who felt we should sit on the abdomen and I agree.  32. The patient was to have a bowel resection.  However, he took a job as a stock broker instead.  33. By the time he was admitted, his rapid heart had stopped, and he was feeling better.                                                   For the sake of your health – stay away from hospital