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Category: Economic Collapse

Economic Collapse


Economy Would Collapse Right Now – Today’s Quote

The world economy would collapse right now if markets were truly free [of manipulation]…and gold and silver would [shoot the ] moon… P.I.G., The Prepper Investment Guru FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Hendrickson on Economic History Rhymes – Today’s Quote

Now that Barack Obama has won re-election, the parallels … to him and FDR seem stronger than ever. In terms of government spending, George W. Bush’s second term can now be viewed as Herbert Hoover redux, and Obama’s additional ramping up of the Bush spending explosion eerily mimics FDR’s post-Hoover strategy. Perhaps the most breathtaking parallel between FDR’s and Obama’s Big Government agendas is this: In his first five years in office, FDR spent more than the previous 31 presidents combined; in eight years as president, Obama will have doubled the national debt accumulated by all 43 of his predecessors (unless, of course, Uncle Sam’s farcical finances blow up before then). Economist, Dr. Mark Hendrickson via Obama: The Second FDR Rather Than the Second Carter | Forbes FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Fisher on Central Bankers – Today’s Quote

Nobody really knows what will work to get the economy back on course. And nobody-in fact, no central bank anywhere on the planet-has the experience of successfully navigating a return home from the place in which we now find ourselves. No central bank-not, at least, the Federal Reserve-has ever been on this cruise before. Dallas Federal Reserve President Richard Fisher in a recent talk before a Harvard Club audience FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

REALITY CHECK Preparing for Class Warfare – Battling the 47th Entitlement Corps

Andrew’s Note:  Today we present another commentary in Roger’s REALITY CHECK series.  This time Roger takes on the current frenzy over Presidential Candidate’s Mitt Romney’s recently released comments regarding The 47%.  Enjoy your REALITY CHECK, Preparing for Class Warfare – Battling the 47th Entitlement Corps! This is not a political website!  [AJJ’s Note:  Maybe a little bit when it comes to assaults on Individual Liberty]  Its purpose is to educate, communicate and facilitate the process of personal preparation for disaster and build self-reliance.  However, one of the highest probability and greatest threats likely to cause The End Of The World As We Know It (TEOTWAWKI) comes directly from the political realm!  I have discussed taxation, Maslow’s Hierarchy of Dependence, and the national debt-saster, in previous posts.  I, like a sizable majority of Americans, feel the country is “headed in the wrong direction” and that is a direct result of the actions and inactions of politicians.  Thus, I will Reality Check various partisan political topics from time to time. Republican presidential candidate Mitt Romney has been sodomized for committing the politically mortal sin of telling the truth during a private political event in which he stated that he felt 47% of Americans would be disinclined to support him because they pay no federal income taxes and/or receive a federal stipend of some kind under the current administration. Romney had the temerity to openly and accurately discuss the taxation and dependency realities of our country!!  He then had the gall to stand by his statements and beliefs rather than blubber about how he didn’t mean it and feels horrible about it!!  No one, expects his “honesty attack” to catch on with other politicians and, in fact, this condition is likely to prove terminal for him.  What it has done is to provide counter-battery fire, a return salvo, to the drooling mutants...

ZeroHedge on Quantitative Easing – Today’s Quote

There was one thing, ONE THING only that Bernanke could do, to become a gold bug’s best friend today, than merely announcing QE [Quantitative Easing] 3/4. It was to announce open-ended QE. This means [that] this is the Fed’s final shot and there is no way to frontrun the Fed any more by definition.  It means the terminal start of currency debasement is now here.  It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear.  It also means that very soon stocks are about to realize what soaring “input costs” mean for the bottom line. via ZeroHedge FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Today’s Top 10 Prepping Motivators

September is Preparedness Month.  Here are 10 headlines from the past few days on diverse topics to help keep you focused on your prepping: Yosemite doubles scope of hantavirus warning to 22,000; third death confirmed:  Many diseases including hantavirus can be prevented through proper pest control and sanitation (personal and environmental).  Stock what you need and know what to do.  Centers for Disease Control and Prevention (CDC) information on preventing hantavirus can be found here. Drug shortages down overall, but some linger longer:  Stocking the medicines your family needs to stay healthy is important for both mundane ‘drug shortages’ as well as societal upsets that could potentially break down the medical or drug distribution systems.  Make sure you stockpile legally by talking with your doctor or hiring a new one like Dr. Bob Olson.  Until recently Dr. Olson conducted his consultations by telephone to help preppers safely and knowledgeably stockpile critical medications.  The State of Missouri actually changed its law to close down Dr. Olson’s tele-practice.  You can still visit him in person or find a like-minded medical provider in your area. Rescuers told to keep at it after China quake kills 80:  Nature’s fury can strike anywhere at any time.  Keep on prepping and if you want to see a map showing 2.5 Magnitude or greater quakes for the last week…check out this map at the U.S. Geological Survey (as of this writing the earthquake map looks a lot like the Pacific’s Ring of Fire…it usually does). Yet another pig flu virus infects people:  Zoonotic diseases (capable of cross species transmission) aren’t just creepy…they’re also scary because of their ability to mutate.  We wrote about this particular flu strain earlier this summer in Beware the Fair. America’s 10 Disappearing Jobs:  Don’t let yourself become obsolete.  Keep your skills up to date and have a backup plan.  Set up...

REALITY CHECK Preparing For The National Debt-saster

As you have probably read in the mainstream media or noticed in the left column of this website, the U.S. National Debt has now surpassed $16,000,000,000,000!!  Yes, that’s 16 TRILLION dollars, 16 followed by 12 zeros!!  The number itself is staggering but the collective “shrug” of the populace concerning this outrageous profligacy is appalling and indicative of two things.  First, it demonstrates how utterly incapable a very sizable majority of the populace is with fundamental mathematical and economic principles.  Second, it emblazons the entitlement mentality across the sky in astronomical proportions! A million seconds is 13 days. A billion seconds is 31 years. A trillion seconds is 31,688 years. via Million, Billion, Trillion. My conversations with a wide variety of people concerning federal spending make it abundantly and infuriatingly clear how pathetically inept people are with rudimentary mathematical concepts such as (gasp!) multiplication and exponents.  Far too many “citizens” and “voters” the seem to think that the primary difference between a million, billion and trillion is merely a spelling issue involving the letters ‘M’, ‘B’, and ‘T’.  There is little comprehension; much less appreciation, for the Reality of the thousand times each is multiplied to change that one little letter!  Most people can grasp the impact that winning ‘The Lottery’ (Definition:  a self imposed tax operating as a long-odds gambling scheme disguised as a ‘game’ to the “math challenged with the odds of winning roughly equivalent to the odds of being struck by a meteor) would have on their lives.  However, very few comprehend that 16 BILLION equals 1,000 winners of such a jackpot.  Assuming a two week cycle to reach a 16 million plus jackpot it would take ~40 years to have 1,000 jackpot winners in any game and pay out 16 billion.  For our hypothetical winners to collectively win 16 Trillion dollars the game would have to...

Why Prep, Part 3 Triggers & Stressors

Note from Andrew: The complete Why Prep Series has now been consolidated HERE. Today we present the third article in our series on why to prepare for disaster.  In the first article, ‘Why Prep, The Introduction’ we asked and answered the following question: Question:  Why Prep…why become more self-reliant? Answer:  Because it’s the only reasonable and logical response to an unknown future and even a cursory study of history. In the second article, ‘Why Prep, Historical and Current Examples’ we discussed examples of places and periods where preparedness could have made the difference between survival and suffering (or worse) for you and your family.  In this third installment we’ll discuss stressors and triggers for potential The End Of The World As We Know It (TEOTWAWKI) situations. Today we’re going to talk about stressor events and triggers.  A stressor event is an occurrence that has the potential to change a system or society.  Stressor events happen all the time and can vary dramatically in the amount of stress or influence they place on a system.  Some examples of stressor events are election outcomes, legislation, trade wars, disease outbreaks, government spending programs, wars, acts of terror, social movements, development or loss of key infrastructure (like the internet you’re browsing), information releases (like the Watergate scandal) or changes to the physical environment (like drought or natural disasters).  From a societal standpoint, stressors often manifest themselves in multiples and if significant enough disruption occurs…they can create a situation that cascades out of control.  While it’s an overly simplified model think of these stressors from the last century: Germany loses World War I and a large percentage of its reproductive age males War damage and reparations create severe economic hardship Rise of the National Socialism in Germany bringing Adolf Hitler and his Brownshirts to power (were the Brownshirts easier to recruit due to a...

The Conceit of Centralized Planning

One goal of U.S. policy is to create stable, democratic societies — but it is a fatal conceit to believe that we as foreign central planners can build nations. Bureaucrats can’t design real societies. The best outcomes bubble up from free decisions made by local people. They, not the planners, have more relevant information about their own lives and incentives. When they don’t get the decision right, they adjust. But when central planners — be they kings, viceroys, bureaucrats or democratically elected politicians — try to create something as complicated as a new social order, they usually fail. via Romney must get real about what America spends on defense | Fox News. Let’s start our ‘nation building’ at home…the first step is to get rid of excessive legislation and regulation and let the business of America become business again…the business of American was never intended to be government…and with government spending approaching 50% of Gross Domestic Product that’s certainly one way to describe it. Consider the following figures from USGovernmentSpending.com: Fiscal Year 2012 Total Government Spending in the United States Federal, State, & Local 7% of GDP is spent on Government Pensions 7% of GDP is spent on Government Health Care 6% of GDP is spent on Government Education 6% of GDP is spent on National Defense 4% of GDP is spent on Government Welfare 11% of GDP is spent on All Other Spending 40% of GDP is spent on Total Government Spending 9% of GDP is spent on Federal Deficit Self reliance is much more difficult to achieve without individual liberty and the freedom to pursue our own economic dreams. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

A Nice Hot Cup of Survivability

Andrew’s Note:  Today we present another article by guest writer, Jay (Just Jay).  Jay is a combat veteran, a knowledge manager by day and serial inventor by night.  He’s had a number of interesting jobs through the years including collecting war trophies (like armored personnel carriers) in Iraq and a stint as a confidence course manager at a facility that used physical activity to build confidence in welfare recipients… to encourage them to work their way out of poverty.  Yeah, that worked.  Jay brings a sense of humor and a mug of coffee to everything he does including a discussion of the collapse of civilization and building a survival network.  Enjoy. Sometimes, as we develop and refine our preparedness plans, we can fall into the trap of isolationism and paranoia.  While I’m a big fan of getting away from ‘them all’ (Paranoia=situational awareness), eschewing connections to others can be detrimental to your long-term survival.   No, I’m not talking about using social media.  I’m talking about the drinking habits of the Cahokia civilization about 900 years ago. Cahokia was a massive pre-Columbian settlement near the confluence of the Missouri and Mississippi Rivers, south of modern-day Saint Louis.  Recent analysis of discoveries there indicate that they consumed a coffee-like beverage, likely as part of their purification rituals.  Scientists have been at a loss to determine how a culture could develop such substantial settlements and civilization so rapidly.  As a rabid coffee drinker, I have my own theories…  The point is that coffee is the freaking bomb-diggity.  A slightly more important point is that in order for the Cahokia to thrive, they had to build networks of supply and support.   This drink was not native to the area.  The plant from which it is derived grows hundreds of miles away – primarily on the Gulf coast.  Being able to exchange commodities, knowledge,...

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