Monday, January 10, 2011

Heads Up, Folks - Even Washington is catching On...

Do you have a pantry area yet?
Apparently, the brink of economic collapse is on the minds of Washington, as well as those of us who have been watching the economy, as Majority Leader Harry Reid made a request for Secretary of the Treasury Tim Geithner to look into the possible effects of default by the United States.

Last Thursday, Secretary Geithner responded with  4 page letter to Majority Leader Reid, outlining dire consequences in the even of US default and  insisting that Reid pursuade Congress to raise the ceiling for the statutory debt ceiling. I would expect that Congress will raise the debt ceiling,, just to keep the economy more or less functional as long as possible. However, doing this means that we will begin to print even more money, which in turn will mean that inflation will continue to rise.

Do you still find economic collapse to be unlikely? Here's a link to the actual letter from Tim Geithner to Harry Reid, dated last Thursday, Jan. 6, 2011.

Tim's Letter to Harry
Friends and family, sit down TODAY and make a list of what you think you may need to get through at least 6 weeks. Look at food, medications, cleaning supplies, paper wotels, toilet paper, laundry soap, batteries - everything.

Here's very good, basic tutorial, complete with Excel spreaaaadsheets, to help you get started.

3 Month Food Supply

Please take this seriously, folks. You cannot possibly loose anything by preparing. You could well loose everything if you don't.

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