Blogs

http://etfdailynews.com/2011/07/25/investors-the-1-billion-armageddon-trade-placed-against-the-united-states/

Someone is very certain it's going to happen and if it does they are going to make a lot of money.

This is old news but makes a good point about the expenditures...

http://www.beaufortobserver.net/1FeedbackAllbody.lasso?-token.specificitem=21535.112112

"But here's what we do know. This kind of spending by a minor government agency in this economy just doesn't make sense ... unless there are extraordinary circumstances behind it, circumstances we aren't privy to. Because Congress has failed to pass a budget, the government is now operating under what's called a continuing resolution. The practical effect of this continuing resolution is that the government stays in business, but all extras are curtailed. Agencies spend far less on travel and training expenses, for instance. And they certainly don't start stockpiling supplies.

In this economic climate, you would expect FEMA also to be minimizing expenses. But clearly, they're not. If you do the math, the approximate tab for 420 million meals comes to about a billion dollars.

What is so urgent that FEMA is spending a billion dollars on survival food?

Could officials be worried about extensive power grid damage from solar flares? (A big one hit last week and took out communications in China.) Are they worried about riots and demonstrations causing gridlock in communities? (The demonstrations in Wisconsin and Ohio have been peaceful so far ... but look what happened in Egypt.) Are they worried about terrorist attacks? (Some reports say that there's been more "chatter" lately on terrorist communication networks.)

[And don't forget the New Madrid.]