any money taken out of 401K or from any other source is going to be useful only as toilet paper. I don’t think it’s a question of if the dollar will fall, but when. We have so much debt that it can’t even be covered by raising taxes, or stealing our 401K’s. Other countries are contemplating dumping the dollar now. I truly think hyperinflation will hit & it will be worse than Zimbabwe. At least Zimbabwe recovered somewhat by using black market dollars–so what do we fall back on? Use to think Gerald Calente was *crying wolf*– now, not so much.

and it only allowed me to keep my house one year longer. I now wish I had invested it in ammo instead.

but it seems to be reaching that critical juncture with this hearing next month.

Back in February, John Hinderaker of Powerline penned this diary:

http://www.powerlineblog.com/archives/2010/02/025646.php

This really explains what the Obama power grab is all about in simple terms.

that I know of are in stocks. Anyone still in the stock market is playing russian roulette with their money. Reading a few days ago that the DOW will likely go down to around 5,000 isn’t far fetched, and, it will probably happen the day the feds decide to take over the 401K’s. With the current regime, I can’t understand how it has remained above 10,000 for as long as it has. I have long suspected manipulation. Soros just invested $35 million in India’s stock market, and, I believe it bought him something like a 25% ownership. He almost broke the Bank of England, and, he did damage to France’s economy in the past.

My husband’s 401K, through a former employer, was cashed in 2 years ago when I lost my well paying job. Pretty tough out there when there aren’t even jobs at the local convenience store/gas station. We’re not quite at the hot dogs and baked beans point yet, but even if we do get to that point, I ain’t living off government largess. I can live all winter, if necessary off my freezer full of my own home grown.

“Mutual fund investors are nervous. Stock funds saw nearly $17 billion in net cash outflow in the second quarter alone, and flows have been negative in every week since then. Since 2008 began, net cash outflow from equity funds has totaled $234 billion.” CBS marketwatch.

investors have left the building, high frequency trading computers are much of the volume now. The flash crash was not a fat finger, but rather the computers were unplugged. scary stuff.

So the Dow is still around 10k after all these outflows? hmm mmmm

Haven’t been able to sleep normally since losing my job. it happens when it happens – not like I have anywhere to go (except the 100 yard “stress relief center” or relaxing on the golf course where I live).

I’m now looking into starting my own business in the field that just abandoned me due to government budget cuts…….. Yes, in this economy…… A start-up.

‘Tis a bit on the expensive side for the surveillance/access control electronics and cable, but I know people, I (ain’t) got money. But I know deep down that I’ll git-r-done if I set my mind to it

Maybe soon I take a huge deep breath, hold my nose (and other openings tightly shut), then dive in with all four eyes wide open, one hand on steel at all times.

If I do it though, the unemployment compensation I’m currently receiving will instantly stop.

Gulp.

Gotta talk to a pencil pusher and see what’s what.

————–

As for having food and other things on hand, I live in hurricane central. South Flori-duh, near Ft. Lauderdale.

On a normal day, I’ve got ‘a significant amount’ of shelf-stable stored food and bottled water, plus supplies (read that as ‘all sorts of SHTF gear’, including things for my toys that go bang).

I live alone, so you may not believe me if I actually say how much that ‘significant amount’ actually happens to be.

and they don’t have much in the way of audit capability. Hell, Kenny, you paid for the UI; it ain’t welfare, it’s insurance.

I’ve been there with no airspeed or altitude, and not even a well-formed idea. We get by. Luck is for losers, winners are prepared, and it sounds like you’re prepared.

In George Will column yesterday. Maybe they need the 401K money to pay the 10,000 new people per day expecting a check from Obama. You’re right, this will be interesting. I got a notice in the mail yesterday that my health insurance (which is mainly for hospitalization) is going up $250 per month in Jan. 2011 due to requirements in Obama’s health plan, but they won’t be adding anything worthwhile. I don’t plan on signing up again. Very interesting.