Homesteading and Survivalism

Ramblings Of A Bored Survivalist

US Economy Shrank 0.1 Percent In Last Quarter 2012

Posted by Kevin Felts On January 30, 2013 0 Comments

Surprise, surprise, surprise, the US economy shrank 0.1% in the last quarter of 2012. That 0.1% may not seem like a lot, but the real story its much worse then 0.1%.

Take these factors into consideration:

The economy shrank during the biggest spending time of the year – Thanksgiving and Christmas. If the economy shrank during Christmas, that says people do not have expendable income.Kevin Felts, blogger and survivalist

The economy shrank during one of the biggest panic buying phases in the firearms industry since the 1994 assault rifle ban.

Not only were people spending money on Christmas, but they were also buying all the guns, ammunition and magazines they could get their hands on,,,, and the economy still shrank.

One thing that caused a slowdown in the economy was a reduction in military spending. The question I have to ask, why does government spending play such an important roll in the economy? Maybe the government does not want the people to know how bad the economy really is?




Random Thoughts November 27 2012

Posted by Kevin Felts On November 27, 2012 0 Comments

It is time to have another random thoughts article.

National Debt – I figured it was time to make anther article when I read this opinion piece at the Wall Street Journal. According to that article, our national debt already exceeds $86.8 trillion, or 550% of our Gross Domestic Product (GDP).

According to the authors of that article, the true amount owed to the Federal Reserve is hidden from public view.

In other words, the government is treating the people like a bunch of mushrooms, we are being kept in the dark and fed crap.

I do not know for a fact that the national debt is anywhere close to the $86 trillion range like the article claims. Even at $16 trillion we are in deep trouble.

What is sad, the nation is bankrupt, and there are people looking for a government handout. There is no money, but people want more free stuff.