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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...

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,...

Your Share is $51,349.21

As you can see from the Gross National Debt Counter to the left of this post (just under the Tags) the U.S. is rapidly approaching $16 Trillion in debt.  That’s $16,000,000,000,000!  If we take the National Debt and divide it by the population of the U.S. (311,591,917) then we have debt per capita of $51,349.21.  That’s over a quarter million dollars owed for a family of five. Incidentally, with a Gross Domestic Product of just over $15 Trillion (2011) so we now owe more than every man, woman and child (allowed to work on the family farm once again) produces in a year. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Don’t Take Any Wooden Tally Sticks!

Governments are interested in unlimited spending. Bankers are interested in unlimited income. Understanding the first two sentences of this paragraph explains everything…What few of us have understood is that this has been the most profitable wealth creating mechanism in the history of the world. via A Clash of Two Systems On A Global & Historic Scale |King World News – Blog. My friend and investment guru, “L” suggested this interview with Robert Fitzwilson, founder of The Portola Group.  It’s a short, very quick read on the development of the fractional reserve banking system and its relationship with government. Fitzwilson goes on to say that because the “demands of debt are vastly outstripping the supply of labor and resources” the current system will eventually fail… and be replaced by a similar system.  I guess the goal is to not be holding the financial ‘hot potato’ when the music stops. Note:  Tally Sticks were pieces of wood used as early currency.  Click on the hyperlink above to read the entire article and learn more.   FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Can We Really Spend our Way out of Poverty?

For most of American history, government was tiny. But since Lyndon Johnson’s Great Society and the promise that government would cure poverty, spending has gone up nonstop. This is not sustainable.  Progressives say: If you’re so worried about the deficit, raise taxes! But it’s a fantasy to imagine that taxing the rich will solve our deficit problem. If the IRS grabbed 100 percent of income over $1 million, the take would be just $616 billion. That’s only a third of this year’s deficit.  It’s the spending, stupid.  Even if you could balance the budget by taxing the rich, it wouldn’t be right. Progressives say it’s wrong for the rich to be “given” more money. But money earned belongs to those who earn it, not to government. Lower taxes are not a handout.  That’s the moral side of the matter. There’s a practical side, too. Taxes discourage wealth creation.  Even if you think — despite all evidence — that government spends money more usefully than people in the private sector, there is a limit to how much government can tax before people work less or flee. Progressives claim a small increase in tax rates won’t stop the wealthy from producing. But some would stop. When the top marginal rate was 90 percent, actor Ronald Reagan worked just half the year. He said that woke him up to the damage that high taxes impose. Higher taxes give rich people and politicians more reasons to collude. The rich make contributions, and politicians pay the rich back by giving them tax loopholes. That’s a big loss to America. That money and creative energy spent on figuring out taxes might have gone to build new products, make music, cure cancer or … who knows what? via Budget Insanity by John Stossel on Creators.com – A Syndicate Of Talent. There’s an economics principle I learned...

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