The first rule of fightclub is...

The first rule of FightClub - Never talk about FightClub.

At least the MSN get it, I wasn't at that meeting so I will ignore the first rule.

I'm recommending getting 3 months of non-perishable food on hand. More if you can.
 IF we were allowed guns and ammo, those too. Thanks Bryant.

It is not a joke this time. The Fed in the USA has just printed 600bil to pump the market.
This will keep stocks up so the elites can get their cash out to commodities or other safe havens.
Future tax payers(Assuming civilisation survives) will pick up the tab. Sell vs Buy orders on wall street are roughly 1000:1 for the big players.

"Yeah but, thats America you dolt". As I have had someone say to me recently. My reply was - "What started GFC round one?".

Look to the price increases - food and fuel is going to go up, up, up. Check the oil price index to the right, whaet futures anyone?

Short term future? I expect a drop in the oil price due to reduced market demand - noone has money, especially as deflation starts, then hyper-inflation will kick in as fiat currency stops buying the necessities of life.

Be prepared to wipe your ass with fiat money, the only vestigal worth it may hold, a pity our's is plastic. Gold will not be much better. You can't eat it or ask someone to work for you who is just interested in food.

The consequences for middle class Australia:

Where is your Super Bitchez? Mine is in CASH. Thats the best I can do(not self managed). Remove it from the system that will artificially hold up the market till it falls off the cliff. Increasingly government will be tempted to kill the debt buble with this cash. California is approaching Super funds for loans - good luck getting it back if your money is in funds that say yes. They are doing this to keep cops on the street and the garbage from mounting up on the sidewalk. The chances of a gen 'x-er' seeing their super is NIL.

Anyone notice their power bills ths year are out of control? Start imagining no power most of the time.
Not because it's not there, but because you have killed it at the meter - it is no longer in the middle class family budget. If this happens the system will break down.

I'm talking peak energy here. Where return on investment no longer pays. And the consumer will be the barometer.

And don't try and tell me that AGW is not true(So we are paying unfair energy prices blah blah blah) - I will have to scisor kick you in the head. Nobody gives the wilderbeast a get out of jail free card when the lions pounce. That's nature, thermodynamics, limits to growth. Get used to it. See the SCIENCE on global warming.

The supermarket has a 3 day logistic chain - you have been warned. Got soap?

Update: From http://theautomaticearth.blogspot.com/

You may think by now that Geithner and Bernanke and Larry Summers and Bob Rubin and all the rest of the pack are miserable failures and two sheets to the wind and all that, but you'd do better to give them a lot more credit than that.

QE2 is here, despite the gigantic failures and behemoth losses of its predecessors, because QE works like a Mother Mary statue in tears' bleeding charm. Of course these guys all know that no proof of a QE ever reviving an economy exists. But they can pretend it does, and so they do: $900 billion, even for them, is real money.

Thing is, they never meant QE2 to do what they publicly claim they intended it for. This is nothing but another move to bail out lethally wounded banks.

A full additional $900 billion and counting was announced this week. Basically nothing but a swap of long term for short term paper, and therefore necessarily a -very- short term measure. What does it achieve, apart from a knee-jerk market reaction?

Wall Street banks get another injection of short term breathing space. That's all. And what was that last number on insider selling vs buying again? 3000 to 1?! Look, these people can't sell all their hygienic paper all at once, there's silly market regulations that prevent it, they need a time window to do it.

Hey, Bank of America rose 2% today, and Citi was up 3.7%. Now, if all is that rosy, why are William K. Black and L. Randall Wray calling for BofA's books to be opened and the entire firm to be nationalized? Well, BofA shares are at $12, an 80% loss from 3 years ago, and Citi's at $4, a well over 90% loss over the same time period.

These are America's largest financial institutions, and finance over the past 10-20 years has become a disproportionally huge chunk of the US economy. And its politics. And that's where the crux is.

I don’t know about you, but I have completely lost interest in trying to figure out which candidate in the midterm elections got how much from Wall Street. They all need their campaign contributions from bankrupt institutions such as BofA and Citi if they want to have a shot at being elected. It's a closed system, it really is. Putting a few guys behind bars wouldn't change that. And besides, none of them paid that kind of money just to be put behind bars to begin with.

But let's not try and solve it all in one go. For now, please understand that QE2 was never intended to jump-start the American economy. It was meant to prolong Wile E.'s 15 minutes of fame, to keep banks like BofA and Citi above water long enough to allow anyone who has some skin in it to get the hell out without triggering any alarm bells.