Guns and Ammo

So, I’ve heard about the legislation that doesn’t have sponsors at this point on gun control. I’m talking about H.R. 45. You can find the link here: http://thomas.loc.gov/cgi-bin/query/C?c111:./temp/~c111tCkvxA

Essentially the bill will severely limit gun rights once again impinging on our freedoms. Don’t expect this to pass unless we have a national emergency. The financial deterioration could have such implications.

I wasn’t all that suprised to learn about this bill, but I was recently suprised to learn about various states introduciing legistalation tracking all ammo purchases via a database and having a laser imprint on all ammo.

So, essentially there will be a record of all your ammo purchases including which calibers your purchased. There are other details about owning non-coded ammo and taxes that vary per each state proposing the laws.

Check it out here: http://ammunitionaccountability.org/

I just can’t help but wonder 1) the implications if such legislation is passed, and 2) why such legislation is being proposed.

Something is amiss and doesn’t feel right. All I can say is that it isn’t for the better. We are about to hit the transition period in the crisis. It is the inflection point where the crisis was only affecting various groups of people to affecting almost everyone.

I think many people are still in denial that anything is wrong or if they realize something is wrong they think it is a temporary blip in the timeline. They don’t understand the global reach and implications of the present crisis, what caused it or when it began.

All I will say at the moment is that subprime is only a piece of the puzzle.

Now is the time to start taking actions. Now is the time to think about various scenarios that may or may not happen. Think about planning for a major natural disaster and that will give you some food for thought. Hey if nothing happens at least you prepared for the possibility and if an earthquake hits you will be ready.

Foreclosures Suspended

So, it seems that Philadelphia is the first US city to halt foreclosures. Hmmm… Reuters Article Perhaps this is the calm before the storm. If we have seen the worst of the subprime mess I think we are gravely mistaken and kidding ourselves.

If foreclosures are halted what does this mean for the financial system? Obviously the banks won’t be getting paid because the homeowners are foreclosing due to the inability to pay. Therefore, banks can’t liquidate homes nor do they get paid so the situation spirals out of control. This might help keep housing prices from completely falling through the floor because they won’t be on the market, but again I’m not optimistic.

Okay so people can’t pay their mortgages, won’t be able to borrow any money unless it is on their almost already maxed out credit cards, which will eventually end up in default as well once they lose their jobs.

Again this is complete speculation, but I don’t see how it can be that farfetched.