Shenandoah

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1. prisons in washington state are doubling in the next 2 yrs in population ,milk 3.50 - 4.25 ,gas is up 3.10 and climbing for reg was down to 2.88 .real estate land and taxes have doubled in the last 2 yrs,

   Comment by the shadow of washington — September 13, 2007 #

2. JWR. Ponder this…

   The fifty dollar US gold coin contains one ounce of gold, valued by the US law at 42 US dollars. This coin sells today at approximately the market value of one-ounce pure gold, or about 700 dollars in notes of the Federal Reserve, referred to as FRNs. Therefore the US dollar is worth 700 FRN’s divided by 42 or 16.67 FRN’s.

   Therefore a half-dollar US coin is valued at 8.33 FRNs. and similar for other US coin. Notice, it matters not what the US coins are made of, if the US mint made them they have that value which is stamped on them.

   It is only out of ignorance that the public views FRN’s as money because it is NOT. It is merely a note stating (poorly) that the US govt. owes the Fed Reserve so many dollars in US money. It actually is not even a lawful note for it does not contain the mandatory information which the US statute of frauds says any note must have written on it, to be exchangeable in commerce or be enforced in any court. It’s a fraud, like all the tranched junk investments now collapsing, and which threaten to destroy the FRNs.

   Do get a FRN out and read it, for I have never yet run into another person who has actually read the things. It’s wording is a legal mess, hence a fraud.

   It is possible, that when the FRN is dead, US coins will assume their true worth under present US law. Bear in mind that US coins are like treasury bonds, etc. They are true US money, and will have their value so long as the US govt. exists.

   The quarter coin, is US government money, and proclaims its value to be a quarter dollar. It does NOT say a quarter of a dollar note.

   So a $500 box of say quarters, which you can obtain from your bank for 500 FRNs today, may have a worth of 500 US dollars one day soon, and be equal to 10 ounces of gold, whatever the price of gold in other nation’s currency. That may be a lot more than just 7000 dollars, which is its true, value today. A box of coins now selling for 500FRNs, by existing law is equal to 10 ounces of gold, which may soon be priced at thousands of dollars per ounce. Those who can cipher will see that there is chance of an enormous increase in the value of presently near worthless US minted base metal coins.

   When the FRNs are gone, those US coins may again circulate as money, at their real value compared to gold. Stranger things have happened when a failed state tries to restructure to survive.

   Comment by Bromine — September 14, 2007 #

3. Two strip malls under construction near my neighborhood have been abandoned. The weeds have taken over the the properties and the vandals are coming out of the woodwork, damaging those properties. There are several housing projects in the South Miami-Dade area where construction has come to a dead standstill. Seems like they are being abandoned also. We can expect things to become exponentially worse as biblical prophecies are becoming reality in full force. We have only seen the “beginning of sorrows”. Charles,Miami-Dade

   Comment by Charles — September 14, 2007 #

4. Just saw on the front page of a local paper the fact that a Johns Mansville plant in Shenandoah County VA will be closing — 85 jobs gone there in a county of 40,000 people. What little industry there is in the Valley (which is known first for tourism and secondarily for agriculture) is drying up (a few months ago a Merrilat kitchen cabinet plant laid off a bunch of workers thanks to the end of the housing boom). The same county is also struggling with adopting some local immigration reforms (the county leaders are worried about the financial burdens on local schools, jails, health care, etc). As far as real estate goes, the market is definitely off (this is the farthest flung exurbs of Washington DC for the extremest of extreme commuters: a 2 hr 100+ mile drive to downtown DC, but also a place where there is a lot of farmland priced at $10,000 an acre and some vacation homes) but I’m not sure if the latest round of assessments has values overpriced or underpriced (in 2005, the county officials thought they might need reassessments to capture all the increases in value…now I doubt that assessors would see increases but might see some declines). Four Shenandoah Valley counties are debating whether it would be cheaper to build a regional jail or to go it separately to deal with increasing penal populations. There have been some small increases in the prices of groceries and gas is currently $2.65 a gallon for regular unleaded…it’s been a while since it was $3.00 plus per gallon but I expect it to go back up at some point.

   Comment by Shenandoah Valley VA Dweller — September 14, 2007 #

5. Actually the value would be 8333 dollars instead of only 7000, but I did that in wee hours, sans morning coffee. So the gain is a bit larger than I state.
   one dollar equals 700 divided by 42 equals 16.67, and 500 times 16.67 equals 8333.

   Comment by Bromine — September 14, 2007 #

6. John,

   I live in southeast Michigan, The economy really sucks here. Gas prices run from 2.91 to 3.09 as of this morning. There are more people with there homes for sale than ever before.The foreclosure rate is at an all time high and it is not just a sub prime problem, people with prime mortgages are just walking away from there homes. These are high end homes.Unemployment in July which was reported at 7 percent is more like 10 to 12 percent. The reason for this is the fact last years Nov and Dec.job losses are now out of unemployment insurance has run out and now not being counted in the numbers. New job postings in state run jobs bank today was 22 and 170 for the week. It does not look to get any better any time soon.

   mikeb

   Comment by mikeb — September 14, 2007 #

7. I work for a home builder, we have laid off 40 with more on the way. The office complex we are in has now got a vacancy problem. All the mortgage companies have closed up shop and gone under.

   Last year the MLS had fewer than a dozen small multifamily units for sale. Duplex’s triplexes and fourplexs. There are now in excess of 200 with the prices dropping. People bought the units at such a high price that they had no positive cash flow, hoping for appreciation to make any money. I am waiting for the prices to drop enough that the rent will generate a positive cash flow, then I will shop.

   Gas prices have been pretty flat, our farmers are getting $2.00 per lb for almonds still on the tree, they are pulling out peaches and planting almonds.
   Will keep you posted on further changes.

   Comment by Gary — September 14, 2007 #

8. John,

   I was good to hear that you may come up to our neck of the woods in the event of a bug out. Four members of my family still live down in your (Tampa) area. They have had 3 houses (not the ones they live in) on the market for over a year now and it still doesn’t look very promising. I have warned them for years about what is to come but all they have done to prepare is to buy a few thousand dollars of precious metals because the price was so low a few years ago.

   My family in OH and MI have done absolutely nothing to prepare. Both my FL family and Northern family say (tongue in cheek because they don’t really believe me) if things get really bad they will come here to Upper E. TN and live off my preparations. As a pastor, I make half, a third and even a quarter of what the rest of my family makes in income. Most of them have ten times the assets I have because I try to give to other’s needs and prepare for the future. What can I do to get them motivated?

   I can’t think of anywhere I would rather be in a crisis than Upper E.TN but I have a large family and could not take care of all of them in a pinch. If and when they bug out they will not be able to bring that much with them. Do you have any recommendations for someone in my situation?

   Comment by Pastor Dan — September 15, 2007 #

9. Pastor Dan, I am in western NC, not that far from E. TN. I suspect that if your mexican problem is anything even close to what ours is, you will have your hands full in the event of problems. Those mestizos, like others that don’t prepare, will be looking for food, water, transport, PMs and firearms.

   FWIW, the local economy in my area is built mainly on apples, tomatoes and tourism. Tourism was pretty good this year. A lot of Florida folks own second or third homes here. Apples got wiped out by frost earlier this year and the farmers face still competition from China. Oh, what? You didn’t know that most apple juice is made with Chinese juice apples? Tomatoes were wide open. This time of year we see a lot of box trucks with no back door from Florida, full of mexicans, who harvest the tomatoes.

   Housing is flat here for the most part. Anything over 200K generally sits while homes under 150K are gone within a week or two. The area is way too dependent on folks from Florida, New York and Michigan to support the real estate industry. For some reason, a lot of locals think that the area is immune because of the outside folks that retire here. Not so, say I. After all, if they go broke in those places, they won’t be buying anything here.

   Nonetheless, noone should consider eastern TN to be some kind of safety place. The mestizos are not that far away. Oh, and google Channon Christian and you can see that Knoxville is not the nicest place in the world.

   Comment by Joe — September 15, 2007 #

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