James Howard Kunstler: The Coming Economy Of “Less”

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We are all wondering what might happen to our economy in the long run. We just came out of 8 years of the greatest clearance in the history of our America. There was more giveaway in the last presidency, by way of funds and resources than any other time. If that was not hard enough …

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World Leaders Are Worried About The Global Economy, The World Is On Fire

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The signs are all around us. Its hard to argue with countries, financial heads and so many others telling us that there is a storm coming. It would seem that we are facing the inevitable task of battling something like this and coming out whole on the other side. What is most alarming is that …

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No Doubt About It, These Indicators Show We Have Economic Problems Headed Our Way

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While we are seeing job growth and economic prosperity, you have to remember that it is all built on a castle of over 20 trillion dollars of debt! That is not a number that can even compute for most people. You toss around the word trillion and people nod heads up and down like they …

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It Looks Like 2008 Only MORE DISTORTED So Expect MORE CHAOS

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There is much to be concerned about on the forefront of the economy. It would seem that many of the people in this world are struggling to understand why the economy even works. More still don’t even give it the time of day. This is an interesting outlook but its also a big part of …

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How Central Bankers Rigged The World

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The hatred for central bankers is startling. There are some very real villains that people point to when it comes to the ruling and trouncing of our world. While you may or may not agree with the accusations, these villains are under extreme scrutiny. In a way you can even feel sympathetic for them in …

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When 43% of Americans Can’t Pay for Food and Rent, We Can Safely Say the Economic Collapse Is HERE

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by Daisy Luther

You know all those reports about how lots of Americans can’t afford a $1000 surprise expense like a medical bill or a car repair? Well, forget additional … Read the rest

The post When 43% of Americans Can’t Pay for Food and Rent, We Can Safely Say the Economic Collapse Is HERE appeared first on The Organic Prepper.

13 Scary Things that Happen When an Economy Collapses

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In modern days, economic collapse is one of the most likely disasters that people all over the world must contend with. Even in an economic stronghold such as the United States, the possibility of economic collapse looms large. In fact, many experts predict that the U.S. is due for an economic downturn, the severity of […]

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Silver Is A GIFT Right Now And Any Time Spent Below $16.50 Is A FIRE SALE

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There is no need to rattle of the many reasons a prepper might want to be stacking silver. Its pretty self evident. Silver is not only an investment for the end of the world but its also a pretty safe investment overall. Right now we are sitting at an incredibly low rate for silver. I …

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Argentina raises interest rates to 40%

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Argentina raises interest rates to 40%

Argentina’s central bank has raised interest rates for the third time in eight days as the country’s currency, the peso, continues to fall sharply.

On Friday, the bank hiked rates to 40% from 33.25%, a day after they were raised from 30.25%. A week ago, they were raised from 27.25%.

The rises are aimed at supporting the peso, which has lost a quarter of its value over the past year.

Analysts say the crisis is escalating and looks set to continue.

Argentina is in the middle of a pro-market economic reform programme under President Mauricio Macri, who is seeking to reverse years of protectionism and high government spending under his predecessor, Cristina Fernandez de Kirchner.

Inflation, a perennial problem in Argentina, was at 25% in 2017, the highest rate in Latin America except for Venezuela.

http://www.bbc.com/news/business-44001450

I have been following you since I first saw your write up on Western Shooter (I think) over 10 years ago.  I bought both of your books years ago since I believe that the US will crash after they can no longer keep the economy going through printing money.

-Mike

 

Hello Mike,

Argentina is going through yet another complicated economic period (and its seen more than its fair share by now).

I still have some hope in Argentina’s president, Mauricio Macri, but with such a devastated country it’s hard to turn that ship around.

A country has basically three ways of financing itself, economic prosperity, printing money or debt. Of course the most healthy way of running a country is with the first way, with a robust economy, growing at a healthy pace and with a strong middle class. Now the truth is a country like Argentina which had its national industry destroyed can hardly rely on that.

What the Peronists have done for years is the second way, just print more money. That works very well, doesn’t it? Need money, lets print some! Of course the problem is that printing money makes it lose value, whats even worse, as money loses vale the people that suffer the most and to whom the debt is really transferred to is the poor and hard working lower class. The guy that works all day for minimum wage is the one that carries the burden. People that are already relying on benefits and social assistance will keep getting them and there’s nothing the State can take away from that guy, often living better that the person that wakes up every day at 6 AM to work. The rich fat cat doesn’t care if a bottle of milk costs 2 dollars or 20. In his budget, things like food and utility bills are pocket change anyway.

Now, Macri knows this and has tried to avoid printing money and went out to get foreign financing, meaning good old debt, which also has a way of drowning a country but is a tad less cruel than inflation, printing money.

In the case of the United States, given that the world still considers the US dollar the global currency, it can still allow itself to work the printer 24/7. Don’t get me wrong, it still causes inflation and it is as cruel as its always been, to exchange honest labour and goods for what someone else just prints or “creates” by pressing zero a few times on a keyboard, but the United States can continue doing it.

The big question is of course, for how long can they keep doing it, with a debt of $20 trillion and still growing.

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

Are You Ready to Pay $8.00 per Gallon for Gas

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If you have filled up lately, you have noticed that gas prices have been steadily inching higher.  Enjoy these prices while they last because chaos is again on the horizon. 

Accept Your Decentralized Overlords

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Will the next war be waged between nations and hyper-influential corporations? I know that is a deep question to ponder but we have to be very careful about how powerful tech companies are becoming. Can they use the entirety of the constitution by paying off politicians and by creating a monopoly so big it becomes a …

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Precious Metals in the Collapse: Junk Silver vs. Pure Silver

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What happens to all of those dollars in a collapse? Well, the first thing that happens is you cannot even get to them. Lets not forget that our access to the paper money comes from either retailers or ATMs. The vast majority of Americans have minimal paper money lying around. This is a terrifying thing …

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EYEWITNESS: Warning Signs That Should Have Told Us the Collapse of Venezuela Was Near

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by J.G. Martinez D.

Looking back, there were warning signs. First, let me tell you what life used to be like before the Venezuelan economic collapse.

I usually wake up … Read the rest

The post EYEWITNESS: Warning Signs That Should Have Told Us the Collapse of Venezuela Was Near appeared first on The Organic Prepper.

Watch The War In Gold Because We’re Four Months Away Global Economic Collapse

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How many articles have foretold the date of the collapse and been wrong? Its a lot but I think they all come with some level of a dire warning. This article is no different. We know that the economy is doing well in some places and better in others. There are bubbles that could burst …

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What Happened in Economic News Last Week Could Signal a Massive Change for All of Us

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by M.K. Matthews

Last week was a busy one for economic news, what with a looming tariff war and a job report that is nothing to write home about.

As … Read the rest

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Wall Street is Seasick and Farmers Are in Trouble as Trump Adds New Tariffs

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by M. K. Matthews

The U.S. Stock Market closed much higher on Wednesday after experiencing tornadic interday volatility as the news of potential tariff wars hit the airwaves.  Analysts and … Read the rest

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‘The Antidote to Waking Up’

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In my recent interview with Dylan Charles of Waking Times, I explain that you really only need 2 acres to produce all the food you need for a large family … and you can produce half of the calories your family needs in an average backyard.

You can listen to the interview, titled “How Growing Food Can Diminish Stress and Evoke a True Sense of Security,” here: http://www.wakingtimes.com/interview-how-growing-food-can-diminish-stress-evoke-true-sense-security/

So, since my Texas homestead is quite a bit bigger than 2 acres, I cultivate the equivalent of a half-dozen backyards where I just try things out.

I test various growing methods, compare the usefulness of different products in the same category (self-watering planters or game cameras, anyone?), and strive for high-efficiency, low-work methods for food production. (I mean, I travel a LOT—my food supply has to be at least partially self-sustaining!)

In the interview, I also joke that growing your own food is the “antidote to waking up” in a country that’s bankrupt and still teetering on the verge of economic collapse.

I’m sure you agree—gardening provides such a sense of security and relief!

In fact, growing your own really nutritious food with as little work as possible is the focus of my new video, “Grow Half Your Own Food (in your own backyard in just an hour a day).” We actually just did a free 72-hour screening of the film this week, but if you missed it, or want to be able to refer back to the information in it, you can still buy the video here: http://thegrownetwork.pages.ontraport.net/growhalf

Then, let me know in the comments below: What benefits have you gained from growing your own food?

 

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New Jersey Prepares To Raise Taxes On “Almost Everything” As It Nears Financial Disaster

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When we think of  financial collapse its often part of some giant, nation crushing event that effects all Americans. While this is a possibility down the line its important that you understand what is truly going on. The American economic collapse will not look like a end of the world scenario at first. Instead it …

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Ron Paul: Tariffs Will Cost American Jobs, Hurt American Consumers & Lower Our Living Standards

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Things are being shaken up like never before in our economy. Whether you are a fan of the president or not, you have to agree that we have never seen someone press other countries for the benefit of America the way he has. Now, that could all spell disaster in the future or it could …

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What.If … There Was No More Oil (A What.If video)

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In this video, the posited question is what if there was no more oil?  What would happen if the world ran out of oil?  Well, here’s some good news.  The world will NEVER run out of oil.  However, the concept of peak oil is very real, as are the end of the world as we know it type consequences that would certainly follow on from peak oil.  The threat of terrorism that would create a “manufactured” peak oil scenario is also very real.  If there were an attack that took millions of barrels of oil out of the global market, due to supply interruption like a sunken tanker in the Strait of Hormuz (shorter term), or due to a disruption in production like an attack on the Abqaiq facility in Saudi Arabia (very long term), or on US refining capabilities (very long term), an $8 overnight price jump would be the least of our worries. At that point, the real question would be how long the hyper-complex systems that make the ‘American way of life’ possible could hold together before the whole thing came spinning apart and we were facing an actual cascading collapse scenario…failure of the just in time delivery system, failure of the municipal water treatment plants, economic collapse due to a crashing stock market, depression due to job lay offs and business closures, failure of the electric grid due to a collapse of coal deliveries, disintegration of the mega farms due to a lack of fuel to run the large machinery and a halt in feed deliveries. I could go on. Depending on the type of interruption of the liquid fuel supplies, it could very well mean ‘game over’ for our complex society. This is an absolutely, clear and present threat for every one of us that enjoys our current way of life.  With all of that in mind, here is What.If’s look at what that world without access to oil might look like.  Enjoy.

 

Andy Hoffman: “I Sold Off ALL MY GOLD And When The Old People Die Off MY VIEW WILL DOMINATE”

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Andy Hoffman: “I Sold Off ALL MY GOLD And When The Old People Die Off MY VIEW WILL DOMINATE” The American economy is something of a haze when you look into the future. We are firing at many different targets with a hope that something hits the bulls eye. Of course, with the light speed …

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-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History

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-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History The stock market is a perilous situation. When you really start to think about how deep the claws of greed are dug it can get a little scary. Do you have any idea how many computer programs are handling …

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Trump Tax Cuts Have Postponed Economic Collapse

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Trump Tax Cuts Have Postponed Economic Collapse The economic collapse is one of the most widely agreed upon scenarios for the collapse of society. Like an asteroid just grazing our atmosphere the 2008 crisis was not as bad as it could have been because society still believed in the banks and the government. I wonder …

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5 Ways to Make Money Prepping

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5 Ways to Make Money Prepping Prepping is important. Duh? I think if you are reading this blog you understand that better than most. For many prepping is a cost. Its an expenditure. One of the things that holds most preppers back is the idea that you must have money to complete some of your …

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7 Reasons to Keep Prepping (Even Though Trump is President)

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When Barak Obama was president, preparedness was a very popular topic. Many people were certain that Obama’s policies would eventually crash the economy, so they wanted to be ready. And although preparedness is still a popular topic, now that Donald Trump is president, most conservatives aren’t as worried as they used to be. In fact, […]

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Bitcoin Bubble: Is Bitcoin Going To $1 Million Or Is it Going To Zero?

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Bitcoin Bubble: Is Bitcoin Going To $1 Million Or Is it Going To Zero? There are so many people who are beating their heads against the wall wishing that they had gotten into bitcoin earlier. There are legitimate bitcoin millionaires that have come from nothing less than 10 years ago. Bitcoin is an incredible opportunity …

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How to keep your Bitcoin safe

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So you followed my advice, put some money in Bitcoin and by now you doubled or tripled your investment. Good for you my friend!

Keep in mind what we’re doing here though. Keeping eggs in different baskets right? Crypto currency is a VERY attractive basket thought and if it ever reaches just a percentage of its true potential…

Anyway, if you bought some coin I’m sure you’re a happy camper and that’s fine but just like you keep your gold and cash in a safe, just don’t leave your money sitting there in an online account. It’s not safe, and if something happens to the company, lets say Coinbase goes under or gets hacked, you may lose your Bitcoin. I know that with reputable companies this is unlikely, but it has happened before and all experts agree on not being a good idea to leave large savings just sitting there.

What do to then?

You have a few options. The idea is to have a cold wallet for the bulk of your coin. Cold storage means storage that is offline and therefore impossible to hack. You can create a paper wallet, with extreme precautions to reduce the chances of hacking such as going off line and using a live OS in a fresh USB drive, print with an offline, wired printer.

What most experts agree on being the best way to store Bitcoin and other cryptocurrencies is using a Hardware wallet. These are devices similar to a USB drive, with its own screen an pin number which even in a computer infected with malware (like may are these days)  it would be save to use.

I recommend these two, which are considered the best, the Ledger Nano S and Trezor.

Using it is easy enough following a few simple steps. Make sure you keep the recovery code VERY well protected (you write this down in paper), a couple copies in different safes. This would allow you to recover your money if the device is stolen, lost or destroyed.

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

 

 

Shia Militias Preparing to Unleash Attacks against US

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Events in the Middle East have progressed as LMS predicted and are now transitioning to the next stage of war.  This is scary and you need to pay attention.  Specifically,

Bitcoin: Why Anonymous Currency May Be the Future

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Bitcoin: Why Anonymous Currency May Be the Future Bitcoin has reached $10,000 and it looks like it’s time to start paying attention. Anyone who jumped on the ship in 2009 should be sitting pretty right now. It’s an amazing thing. We are watching a new currency take shape. Last week I read an article about …

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This Is What A Pre-Crash Market Looks Like

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This Is What A Pre-Crash Market Looks Like If you have your money in the stock market today you will hear two things. One will be that you are a genius and you are making money hand over fist. The other thing will be that you are a fool and that it will all come …

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More questions about Bitcoin

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Message:

Hello, Fernando. I was wondering more & more about Bitcoin, but I can’t find too much clear information about it- everything starts in the middle & doesn’t seem too concerned about telling you how not to get snagged-up with it (ex: looking like a drug dealer or a money launderer). Would you people tell me some more about it? I would hate to miss a good investment, but I don’t even get how it IS an investment- it doesn’t seem like there’s any company that distributes it, so how can there be any stock? And why not just make your own?

A-

Hello A,

Again, I’m no Bitcoin expert by any stretch of the imagination but I’ll try to answer some of your questions.

Bitcoin is a currency, a virtual one at that but some Bitcoin does not make you a drug dealer any more than having a roll of 20s in your pocket makes you one. Don’t let the mainstream media agenda intended to stigmatize Bitcoin get to you. In any case, ALL large financial groups are into Bitcoin at this point, so don’t feel bad about doing it yourself.

Second, it is not an investment. Investments generate profit. Buying Bitcoin will only get you… Bitcoin. Like gold, it can go up or down and you selling at the right time may leave you with a profit but it’s a currency, not an investment.

Finally, you CAN make your own. You can mine Bitcoin with your computer. The problem is that by its own nature Bitcoin is HARD to mine, meaning you need a lot of computer power to mine it so that its profitable and compensates the electric power you are using to generate it. People used to buy mining computers to mine Bitcoin and many still do. How profitable it is today is hard to say. All I know is that you need some initial investment for the mining computers and electric power better be rather affordable where you are.

As I said before, I think Bitcoin is extremely interesting but it’s not on the same line as gold and silver, which have been around for thousands of years. Can it be the gold of the future generation? Maybe, but don’t put into it anything you can’t afford to lose. That would be my advice.

As for buying Bitcoins, I suggest you do a lot of google and reading first. Chances are you’ll end up in Coinbase or maybe Localbitcoins. No, I don’t have any association of any kind with either one, they are just some of the most common names that pop up.

Good luck!

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

Gold, Silver See Solid Rallies On Safe-Haven Demand, Rising Oil

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Gold, Silver See Solid Rallies On Safe-Haven Demand, Rising Oil The currency of our world is changing just like everything else. Being so wrapped up in life it’s hard for us to understand these changes as they happen. Bitcoin jumped to $7000 over the weekend. This is a monumental and, somewhat, terrifying rise in price. …

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What Could Pop The Everything Bubble?

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What Could Pop The Everything Bubble? House prices are up! consumer confidence is up! What are we talking about a bubble pop for? One of the most important things to prepare for is an economic collapse. It is so important that you be ready for a day when hyperinflation comes knocking. We have built a …

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Survival Finances: So, did you buy Bitcoin when I told you to do so?

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No? That’s ok. There’s still time.

I try to be very careful with my advice. You don’t see me telling people to run for the hills (or relocate to areas where a real estate broker friend of mine will sell you property and giving me a cut) When I firmly recommend a product, it’s because I truly believe it’s worth it.

Now from a practical survival perspective, Bitcoin is a powerful tool. Not in theory, not in the future. Today, bitcoin is used in places like Venezuela, where the entire society has basically collapsed into a nightmare of inflation, crime and corruption, ran by a dictator. If in that environment people find Bitcoin useful, then its empirical information, not theory.

I like empirical. Its not supposing, guesses or assumptions, it’s observation of facts.

A few weeks ago I did that thing I rarely do and gave actual financial advice by saying “some precious metals, investing in reliable stocks, investing in good real estate. And yes, putting some money in Bitcoin.” If you did put a few bucks in that Bitcoin basket back then, Bitcoin was around $3.400… Today its worth  $7.300.

As I said back then. Bitcoin is just one more tool to work with, but it may well be a game changing tool if it fulfils its prophecy as the global currency of the internet era. If it becomes that, if it becomes the gold of the digital era then the sky is the limit.

Or not. Don’t spend (like Gold, Bitcoin isnt an investment) more than you can afford to lose.

I like to see Bitcoin going up but to be honest I’m betting on it for the long run. Some people sold thinking that it peaked at $1000, then at $2000, Then $3000 and so on.  Like precious metals, but it and store it for that rainy day.

My advice remains. When funds allow it, buy a bit of precious metal here and there, same for some actual cash for a rainy day because cash is still king, and also put some in Bitcoin every now and then.

Enjoy the weekend folks.

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

Too Good For Too Long

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Too Good For Too Long This is an article that has a resounding theme. In the past month I have read lots of articles about the rapid contraction of American lifestyle in economics, commodities and various other sectors. What started as a few alarmist articles has become something that is raising the hairs on the …

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Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years

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Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years Why do we care about economic slowdown? Why does the average hard working American care that Americans aren’t shopping and people are losing jobs? You might be working, right? Still, its important to understand what is going on …

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Apartment Prepping and Small Spaces!

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Apartment Prepping and Small Spaces Ray Becker… “The Ray Becker Show” Audio player provided! In the first segment I cover the equities markets, metals, the dollar, Shanghai metal prices, BDI, VIX…All of the Indicators that we’ve been following. I believe that it is critical for us to closely monitor all activity at the beginning of … Continue reading Apartment Prepping and Small Spaces!

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Preparing for Hurricane Irma!

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Preparing for Hurricane Irma Host: Ray Becker… “The Ray Becker Show” Audio player provided! In the first segment I am going to cover the equities markets, metals, the dollar, Shanghai metal prices, BDI, VIX…All of the Indicators that we’ve been following. I believe that it is critical for us to closely monitor all activity at … Continue reading Preparing for Hurricane Irma!

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Dis-Information!

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Dis-Information Ray Becker… “The Ray Becker Show” Audio player provided! In the first segment we cover cover the equities markets, metals, the dollar, Shanghai metal prices, BDI, VIX…All of the Indicators that we’ve been following. I believe that it is critical for us to closely monitor all activity at the beginning of the production chain. … Continue reading Dis-Information!

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13 Things to Do Before the Economy Collapses

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A few weeks ago, I shared an article on Facebook about the potential for an economic collapse in the near future, and someone left a comment saying, “Why do I keep hearing this warning over and over and over for years, and yet nothing ever happens?” Good question. When people keep saying that the sky […]

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EXCLUSIVE – Michael Savage Scolds Trump, Blasts Boston Leftists: ‘Trump Has Buckled to the Mob’

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Author and radio host Michael Savage scolded President Trump and left-wing “Antifa” protesters in an exclusive interview with Breitbart News Sunday  — accusing President Trump of having “buckled to the

How to Beat Inflation

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How to Beat Inflation This is not a big read but its an important one. In today’s world we think the larger the text the more important it is for us to read. We think the more important it is and the more impressive it is to read a larger text. This article is such …

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Markets and Economy!

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Markets and Economy! Ray Becker… “The Ray Becker Show” Audio player provided! I am returning to focusing on the economy. In the first segment I am going to cover the equities markets, metals, the dollar, Shanghai metal prices, BDI, VIX…All of the Indicators that we’ve been following. I believe that it is critical for us … Continue reading Markets and Economy!

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Popeye, Down the Rabbit Hole and Anything Go’s!

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Popeye Down the Rabbit Hole and Anything Go’s! Ray Becker… “The Ray Becker Show” Audio player provided! I will be joined with Popeye from Down the Rabbit Hole. The start of the show will be a look at the economic news and the Markets. We’ll take a look at Gold and Silver prices along with … Continue reading Popeye, Down the Rabbit Hole and Anything Go’s!

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Is Bitcoin the new gold?

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I’ve always avoided giving financial advice. Not my job and just too much responsibility.

When it comes to such a thing, I just stick to what I know well which is economic collapse. It’s what I went through and it’s what I’ve researched over the years.

When it comes to an economic collapse there are a few basic points to keep in mind.

When everything is going to hell, you can count on banks screwing you to save themselves. Closed doors and a “Me speako no English” sign on it… in New York City. Frozen accounts, conversion to new currencies worth a fraction of what the original one was worth.

Precious metals provide a hedge against hyperinflation or full economic collapse. They are an established commodity over thousands of years, accepted as something that holds intrinsic value. IT doesn’t matter if it’s just a chunk of metal. In our minds, and now for thousands of years, “its worth its weight in gold”. And oil is worth its weight in oil, so are cereals, beans and so on.

And then there’s bitcoin. A complex cryptocurrency which most people don’t even fully understand what it is. The only way to understand more is to spend several hours, maybe several days reading up. What’s important to understand is that Bitcoin is a commodity. The best way to describe it would be the digital gold of the internet era.

No, its not gold, nor is it silver. The piece silver in my pocket, a 1964 Kennedy half dollar, is material, tangible, but that doesn’t mean Bitcoin isn’t valuable as well. What it lacks in tangible peace of mind it has in liquidity. Its easy to move around, access and sell all over the world. Its not controlled by anyone, no government. For Bitcoin you’ll need a Bitcoin wallet. Which one?  I’m not affiliated in any way to any of them and cant recommend a specific one. Just look online and go for the one with the best reputation.

When asked for financial advice I’ve always kept a pretty conservative position. Diversify, some cash is important, very important actually. Some money in the bank, some money in a bank in a different country, some precious metals, investing in reliable stocks, investing in good real estate. And yes, putting some money in Bitcoin.

Bitcoin has been going up non stop this year. Will it stop and drop? Probably. Will it go up even more in the long run, maybe a LOT more? I think that’s very likely. While its digital nature means there’s always the risk of hacking or other tech related problems, its ability to be moved around, the market for it, easily converted to different currencies and increased acceptance are advantages worth noticing.

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

US Banking, Currency and Economy!

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US Banking, Currency and Economy Host: Ray Becker… Audio player provided! My show was to be about the Economy and that’s where I should remain. I am going to do a long series of shows on Banking, Currency and Economy. My first priority is to continue the monitoring of the economy to try and determine … Continue reading US Banking, Currency and Economy!

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Knowledge & Exchange

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Knowledge & Exchange Ray Becker “This show” Audio player provided! I feel the need to change gears from what I’ve been covering to something that I believe is critical. Most of us were poorly educated and in fact, we were indoctrinated. This still goes on to this very day. When did this all go wrong? … Continue reading Knowledge & Exchange

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Former U.S. Senator Warns: ‘We’re Going To Crash’; ‘No Country’ Has ‘Ever Survived’ This

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Former U.S. Senator Warns: ‘We’re Going To Crash’; 'No Country' Has 'Ever Survived' This

WASHINGTON — A former U.S. senator is warning that America is headed toward a financial “crash” unless D.C. politicians begin making hard choices about its debt.

Former U.S. Sen. Tom Coburn (R.-Okla.), who served two terms in the Senate and three in the House, made the comments Monday on radio on the “Laura Ingraham Show.”

“There’s no urgency” to fix America’s debt problems, Coburn said, “because very few people have a correct understanding of what’s happening to us”

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“If you take total debt, right now, we’re over 240 percent of our GDP,” he said, referencing the gross domestic product, a phrase that represents the total dollar value of goods and services in a nation. “If you take real government debt – debt that has to be paid back by the millennials – we’re at about 180 percent.

“There’s no country that’s ever survived that.”

Coburn believes Trump would “make the hard choices,” but Congress won’t.

“We’re going to crash unless we start making the hard choices, and Congress refuses to make the hard choices,” he said. “… But you have career politicians on both sides who refuse to make the hard choices because it might affect their political career. Well, what about our kids?”

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Must watch show in Fox News: Swamp Watch

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There’s a new program on Fox News called Swamp Watch. I’m surprised they are even running a show like this. Lets see how long it stays on the air.

It will be interesting to see them keep up with who’s who and what kind of people end up in positions of power, and if the swamp is indeed being drained.

Do yourself a favour and watch this clip, its just 4 minutes. I know its politics/economy and folks don’t find it very sexy, but it explains well how politics work, in America and the rest of the world.

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”

The W’s of Buying Silver!

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The W’s of Buying Silver! Ray Becker “Renaissance Man” Audio in player below! Ray, also known as Renaissance Man takes some time to discuss buying Silver. When you think of Silver, try not to think of it as money. Silver and Gold are store of value. All we’re doing is converting our fiat Federal Reserve Notes … Continue reading The W’s of Buying Silver!

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Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million

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Enrollment In America’s 4 Largest Safety Net Programs Hits A Record High Of 236 Million Its always important to lift the veil of our society and look at the terrifying truth. If you were to keep an eye on the path of this nation  24/7 it would erode your soul. This article is a frightening …

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Renaissance Man introductory show economy and more!

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Renaissance Man introductory show economy and more! Ray Becker “Renaissance Man” Audio in player below! On this, my first show with Prepper Broadcasting Network, I will start off with a brief introduction about me and some of the information that I will be covering. We will then look over some economic indexes and any key … Continue reading Renaissance Man introductory show economy and more!

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U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

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U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse Its not easy to write even a decent article about the economics of our very complicated economy. This article takes a look at car loans and the $199 trillion dollar debt bubble that has been built of these subprime car loans. Have …

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11 Facts That Prove The Economy Is In Far Worse Shape Than It Was In 2016

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The economy is a tough thing to keep up with. If you don’t have irons in the fire and allow much of your investments to be handled by others, understanding the economy is just a dog. It’s hard for people to get the whole picture and that’s not getting around all the contradictory views and […]

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The Time is Now to Get your Preps in Order!

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The Time is Now to Get your Preps in Order! Forrest & Kyle “The Prepping Academy” Audio in player below! On this show our host have a special message for you. Forrest and Kyle collectively have decades of prepping, firearms experience, training, and survival experience. That collective knowledge, experience, and research would like to say … Continue reading The Time is Now to Get your Preps in Order!

The post The Time is Now to Get your Preps in Order! appeared first on Prepper Broadcasting |Network.

Debt Based System Running out of Steam

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Debt Based System Running out of Steam I always love the opportunity to dig into the mind of an expert on the economy. Even better when you have access to someone who can speak ENGLISH on the subject of the economy. Some economists are working with an entirely different glossary of terms. It sounds like …

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The Syrian Civil War and the Downfall of the Trump Administration

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Here is a free piece of political advice.  When your enemies begin condoning your actions, you should be very worried.  President Trump has for the first time enjoyed what he

Bartering, Then and Now!

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Bartering, Then and Now! James Walton “I Am Liberty” Audio in player below! On this special episode of I Am Liberty we talk about taking advantage of the barter economy that is alive and well out there. Dare I say it could even be growing. We are in the most entrepreneurial time in history. Everyone is … Continue reading Bartering, Then and Now!

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Don’t Move to These States; They’re in Serious Financial Trouble

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Maybe you’re looking for a fresh start. Or perhaps you’re looking to find a different job, or you’re trying to get out of the city. Whatever the case may be, when you’re looking for a new place to live there’s a lot to consider. And if you’re thinking of crossing state lines to find a new home, there’s one vitally important detail that you need to think about and research.

Most people don’t consider this, but you should really look into the financial stability of any state that you’re thinking about moving to. If worse comes to worse, and the economy collapses, you want to make sure that the state you live in is fiscally responsible. States that have high debts and low credit ratings are living on the edge. Any major economic event could push them into bankruptcy.

That means pensions could go unfunded. Public services like law enforcement and firefighting would be understaffed. The infrastructure of the state would crumble, and public education would be decimated. Taxes would likely be increased, which would only exacerbate the financial problems of the state because businesses would leave, leading to more unemployment and a smaller tax base. Obviously, all of these factors could contribute to the risk of civil unrest.

In other words, any financial calamity that occurs at the national level, would be magnified at the state level.  The economy of these states would fall into a tailspin, which would make life for the average person exceedingly difficult.

So which states should you avoid? There are three factors you should look out for. There’s the amount of debt as a percentage of the state’s GDP, the amount of debt per person (debt per capita), and the state’s current credit rating.

The 10 states with the worst debt to GDP ratios are:

  • New York-22.71%
  • South Carolina-21.31%
  • Rhode Island-19.40%
  • Washington-18.83%
  • Florida-18.65%
  • Kentucky-18.50%
  • Illinois-18.45%
  • Connecticut-17.52%
  • California-17.18%
  • Pennsylvania-17.17%

The 10 states with the most debt per person are:

  • Massachusetts-$11,337.63
  • Connecticut-$9,297.33
  • Rhode Island-$8,919.27
  • Alaska-$8,516.41
  • New Jersey-$7,517.15
  • New York-$7,040.97
  • Hawaii-$6,194.64
  • New Hampshire-$6,152.00
  • Delaware-$5,962.86
  • Vermont-$5,259.69

And perhaps the most important factor is the credit rating of any given state. This gives you a good idea of how investors think a state will fare financially in the future, as opposed to a state’s current financial woes. According to credit rating agencies like Standard and Poor’s, as of last year the states with the five worst credit ratings are:

  • Illinois-BBB
  • New Jersey-A
  • Kentucky-A+
  • California-AA-
  • Connecticut-AA-

Though those ratings don’t look too bad, it’s important to keep in mind that those states have had sub-par credit ratings for a long time. There’s no indication that they’re going to get their act together any time soon, because they’ve been teetering on the edge for years. When the next wave of the economic collapse hits, these states (along with states that topped the first two lists, such as New York, Rhode Island, Massachusetts, South Carolina, and Connecticut) are going to be the first to feel the pain.

Think of it like this. If a storm arrived and threatened to flood a community, the homes that were built in low-lying areas are going to be underwater first. These states are like the houses near the river. So if you’re planning to move, look into the financial stability every state you’re considering, and seek higher ground.

Joshua Krause was born and raised in the Bay Area. He is a writer and researcher focused on principles of self-sufficiency and liberty at Ready Nutrition. You can follow Joshua’s work at our Facebook page or on his personal Twitter.

Joshua’s website is Strange Danger

This information has been made available by Ready Nutrition

The Looming Pension Collapse: Chicago Collected $90 Million But Paid Retirees $999 Million

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The Looming Pension Collapse: Chicago Collected $90 Million But Paid Retirees $999 Million

Image source: Pixabay.com

The city of Chicago’s pension funds only generated $90 million in investment income but paid retirees $999 million in 2015, according to Chicago City Wire.

Chicago is just one of several cities or states facing a crisis in which pension funds are not generating enough money to cover obligations to retired employees.

An analysis by Chicago City Wire of the six pension funds provides a frightening picture of the city’s economy. None of the funds generate enough money to cover retirement obligations to employees.

“All six operate as government-sanctioned Ponzi schemes, paying retirees with contributions made into the fund by active city employees, as well as taxpayers contributing on those employees’ behalf,” Chicago City Wire reported.

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A Ponzi or pyramid scheme is a con game in which a fraudster uses money from new victims to pay previous suckers.

But it’s not just Chicago. According to Market Watch:

  • The Michigan Public School Employees retirement pension fund is $26.7 billion underfunded.
  • The South Carolina government employee pension fund is $24.1 billion underfunded.
  • The Social Security trust fund is on pace to run out of money by 2034.
  • The United Mine Workers of America pension fund is $6 billion underfunded.

Jeff Reeves of Market Watch wrote that “America is rapidly approaching a point of no return” in underfunded pensions.

“Say what you will about the solvency of Social Security, and the imperative of acting on admittedly imperfect calculations that still give us a good 15 to 20 years until the trust runs dry,” he wrote. “But the millions of Americans relying on underfunded pension plans have an urgent need for reform in 2017. And if they don’t get it, it could have serious effects on the American economy for decades.”

What do you think? Share your thoughts in the section below:

The Coming Great Wealth Transfer

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The Coming Great Wealth Transfer While economic topics may not be the most exciting, I have news for you, they are necessary. If you plan on being prepared and understanding the threats you face as a nation you need to get your hands on some material that is readable on the economy. An article like the …

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Careful with Inflation folks…

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Janet Yellen, chair of US Federal Reserve, announced interest raise rise from 0.75% to 1% on Wednesday.

US Federal Reserve raises interest rates to 1% in bid to hold off inflation

Fed chair says US economy in strong health as she announces third rate rise since 2008 and the first of several expected this year

https://www.theguardian.com/business/2017/mar/15/us-federal-reserve-raises-interest-rates-to-1

Inflation is the worst kind of robbery, the one that hits the hardest to those that have the least. Like an inverted Robin Hood, inflation steals from millions of poor to feed billions into a handful of elite superrich. Stealing from anyone, rich or poor, is wrong from an ethical point of view, but it’s especially wrong when done by the most powerful targeting the poorest and most vulnerable people. Inflation kills, people. Inflation ruins lives. A little inflation hurts you a little, a lot of it will destroy you, but don’t ever let anyone convince you that there’s such a thing as “good” inflation.

Stay vigilant. Check those prices, look out for “shrinkflation”. Its already been going on for some time now.

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.

2017 ASCE NATIONAL INFRASTRUCTURE REPORT CARD

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Last spring, an article in The New Yorker stated…

“From the crumbling bridges of California to the overflowing sewage drains of Houston and the rusting railroad tracks in the Northeast Corridor, decaying infrastructure is all around us, and the consequences are so familiar that we barely notice them—like urban traffic congestion, slow-moving trains, and flights that are often disrupted, thanks to an outdated air-traffic-control system. The costs are significant, once you reckon wasted time, lost productivity, poor public-health outcomes, and increased carbon emissions.”

 

You may not think about it much, but America’s aging infrastructure is what allows us to live the lifestyle we are so hopelessly addicted to here in the United States. Thinking about our national infrastructure is probably not high on your list of every day priorities, but there are people that take it very seriously. And they are concerned.

 

Every 4 years, the American Society of Civil Engineers releases a Report Card for America’s Infrastructure that depicts the condition and performance of the nation’s infrastructure in the familiar form of a school report card by assigning letter grades to each type of infrastructure. The news was not good when the last report card came out. The ASCE gave the US infrastructure an overall grade of D+, estimating that it would take an investment of approximately 3.6 trillion dollars just to get to a grade of B. You can read the full report for yourself in the 2013 National Infrastructure Report Card.

 

Interactive 2013 Report Card

 

In 2016, the ASCE released FAILURE TO ACT: The Impact of Infrastructure Investment On America’s Economic Future, which laid out what is at stake if the United States does not take action and make the investments needed to bring our aging and crumbling infrastructure back up to standard.

 

The 2017 ASCE National Infrastructure Report Card will be released on Thursday, March 9th at 9:30 am EST. That’s when we will get an up to date assessment by the professionals about the current state of our national infrastructure. You can follow along live with the release of the report card HERE.

Count me among those that are very excited to see what, if any, progress has been made since the last report was issued.
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Former Reagan Official Warns: ‘Fiscal Bloodbath’ Imminent, Gov’t To Run ‘Out Of Cash’

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Former Reagan Official Warns: ‘Fiscal Bloodbath’ Imminent, Gov’t To Run ‘Out Of Cash’

Stockman, left, with Reagan, Image source: Reagan Library

WASHINGTON – The United States is on the brink of a “fiscal bloodbath” that will cause the government to run out of cash, according to former Reagan budget director David Stockman.

Stockman served as the director of the Office of Management and Budget under Reagan and believes debt will bring the United States to its knees.

“I think we are likely to have more of a fiscal bloodbath rather than fiscal stimulus,” Stockman told USAWatchdog.com. “Unfortunately for Donald Trump, not only did the public vote the establishment out, they left on his doorstep the inheritance of 30 years of debt build-up and a fiscal policy that’s been really reckless in the extreme.

“People would like to think he’s the second coming of Ronald Reagan and we are going to have morning in America.  Unfortunately, I don’t think it looks that promising because Trump is inheriting a mess that pales in significance what we had to deal with in January of 1981 when I joined the Reagan White House as budget director.”

Stockman’s belief is that the national debt is so high it will be impossible for America to pay it off.

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“I think what people are missing is this date, March 15th, 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75-billion-a-month rate.

“By summer, they will be out of cash. Then we will be in the mother of all debt-ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obamacare repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

Stockman also believes the stock market rally is the “greatest suckers’ rally of all time.”

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“It is based on pure hopium and not any analysis at all as what it will take to push through a big tax cut,” he said. “Donald Trump is in a trap. Today the debt is $20 trillion. It’s 106 percent of GDP. … Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built-in.

“Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He’s going to do more for the veterans. He wants this big trillion-dollar infrastructure program. You put all that together and it’s madness. It doesn’t even begin to add up, and it won’t happen when you are struggling with the $10 trillion of debt that’s coming down the pike and the $20 trillion that’s already on the books.”

Stockman served as a U.S. Representative from Michigan from 1977 to 1981 and director of OMB from 1981 to 1985. Stockman predicted a Trump victory last year in his book, “Trumped! A Nation on the Brink of Ruin.”

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Bank Payments and Having Children when SHTF

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Image result for greece financial crisis

Hi ferfal my name is Aris from Greece I am 31 years married no children yet. I had send you before an e mail many years before but didnt get an answer its ok I had your book for guidance hope you are ok.

I know you are very busy so I’ll make it quick.

I have a question need your advice .

What did you do in Argentina with banks? my father has a  house loan and till now we pay it  many people here dont paid the banks because they waiting bankrupsy and to come drachma alredy the banks here make some cut to the loans if someone  has 10000 euro loan and can afford to pay the say pay us 5000 euro cash and we are ok.

Many clever guys took advance of this so me and my father feel like suckers that we struggle  to be ok with our payments.

questions

1 shall i stop paying the bank and keep the money in offshore or as we say in the matress waiting?2 keep paying ?

Thanks.

Also a personal  question my wife and I want to make a child start a family but situation here is very bad economical shall I wait for better days or to start having children, how was in Argetina the birth  rate after the economic collapse?

I try to buy the new book of you but don’t have money right now waiting the summer for work. I love my country and I don’t want to leave.

Thanks for all the advices from the first book sorry for my english!!!

-Aris

Hello Aris,

I’m sorry I didn’t reply to your previous email. Some days it piles up and if the following day I also get a bunch its sometimes hard to keep up. Sometimes they end up filtered as spam for whatever reason.

Regarding your first question. What you certainly DON’T want to do is to lose your house to the bank. You need an advisor to go over your contract and make sure that whatever it is that you do, you do not endanger that.  Having said that, yes, many times you pay every month and then comes this guy that hasn’t paid a cent all year and gets a bigger discount than you. Banks are all about making money, not being fair, let alone being your friend. If they can charge you 2x they will, and if they believe they can only get 1x out of another person then they will go for that. In Argentina its common practice to pile up property municipal fees and wait for some payment scheme that offers a bigger discount to debtors. In that case yes, the person that paid in time feels like a sucker. After making sure you are not endangering possession (don’t know how this works in Greece) maybe you can save up that money in an offshore account. If you have to make the payment you still have the money, if eventually a better deal can be made and save money then you can try that too.

As for your question regarding children my advice is to go for it. I had my first boy right after the  big collapse of 2001. It wasn’t easy, as you say money was tight, but it was worth every second and I’m glad we had him back then rather than wait. As I explained in my previous post, you have to live today, not plan to live 5 years from now and this is especially true with having kids. Have them young, enjoy them. In Argentina birth rates went up soon after the crisis. This is pretty common, for people to invest more in family when times are tough.

FerFAL
Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.

Cash? Gold? Silver? Bitcoins?

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Cash? Gold? Silver? Bitcoins? Everything we do in life involves money, being in the preparedness community, the question now is what kind of money. That probably makes no sense but im sorry to say my friends… the world is changing whether we like it or not. You have to adapt in order to survive and …

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9 Reasons The U.S. Economy Remains In Big, Big Trouble

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Dec., 16, 2016

9 Reasons The U.S. Economy Remains In Big, Big Trouble

Image source: Pixabay.com

NEW YORK — Despite all the optimism generated by the election and recent stock market rally, there remain many signs the U.S. economy is in big trouble.

In fact, there are several good reasons to believe that a downturn or even a major economic crisis is right around the corner. Here are nine reasons why the United States might be on the verge of a major economic crisis.

1. The strong U.S. dollar. It may be hard to believe, but a strong dollar can create major problems for the U.S. economy. The dollar is at an eight-year high against the Chinese yuan (six yuan to one dollar), which makes Chinese goods cheaper on the world market than American. This increases the price of U.S. exports, such as agricultural goods. Some U.S. manufacturers may have to cut production and eliminate jobs because of lower exports. Another effect is that there will be less investment in the U.S., because investors can buy more in other nations with cheaper money.

2. Higher interest rates. Much of the recent economy recovery has been fueled by lower interest rates, but rates are suddenly climbing back. The rate on a 30-year fixed mortgage was 3.54 percent in September and 4.13 percent in November. Higher interest rates means fewer mortgages, less new construction and fewer jobs. It also means less business activity because it will be more expensive for businesses to borrow money. That can translate into fewer jobs and less demand for raw materials.

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3. Inflation. The rate of inflation in the US doubled between July and October. Inflation was .8 percent in July but rose to 1.6 percent by the end of October, the U.S. Bureau of Labor Statistics reported. One factor driving inflation is the strong U.S. dollar. Inflation can affect interest rates because the Federal Reserve might raise them in order to stop inflation.

4. A new real estate bubble. Average home prices in the U.S. hit a record high of $191,780 in September, the Corelogic Case Shiller 20 City Home Price indicates. Prices have not been that high seen since July 2006, right before the beginning of the financial crisis. The situation is worse in certain cities such as Seattle and Denver. Home prices in Seattle have increased by 11 percent over the past year, creating a serious housing shortage.

5. Technological unemployment. Large numbers of jobs are being lost to digital processes, automation and robots. Walmart, America’s largest private employer, is eliminating 7,000 accounting positions in its stores. Those employees used to count cash and process invoices in the back office. Now the cash will be counted by machines and the invoices will be processed by a computer at Walmart’s head office. Many other employers will follow suit as robots and computer algorithms do more jobs such as driving trucks cheaper. For example, Uber recently tested a semi-tractor that drives itself.

9 Reasons The U.S. Economy Remains In Big, Big Trouble

Image source: Pixabay.com

6. The student loan crisis. Americans owe $1.2 trillion on student loans, but payments are only being made on 40 percent of those obligations. News reports indicate that many younger people are putting off buying things like homes and cars because they need all their money to pay off loans. Others are even forgoing marriage and children because of the debt.

7. Wage and income stagnation. Household incomes for at least 50 percent of the U.S. population (around 117 million people) have not increased since 1980, the Washington Center for Equitable Growth reported.

8. The mass closing of stores. Macy’s has plans to shutter 100 of its department stores. Sears, which owns Kmart, closed 80 Kmart stores in July and has plans to shut down another 64. Walgreens might close up to 500 stores. There is speculation that Sears Holdings might declare bankruptcy or shut down completely next year. That company operates 1,687 Sears and Kmart stores.

9. The public pension crisis. State and local governments owe workers and retirees $4.798 trillion in pension obligations but have only $3.7 trillion in assets to cover that bill. To make up the $1.91 trillion they will either have to cut pension benefits or government services.

Americans had better be ready for economic turmoil.

Do you agree the economy is in trouble? Share your thoughts in the section below: 

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Gold, Silver and Diversifying Income

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Gold, Silver and Diversifying Income James Walton “I Am Liberty” Audio in player below! There was a time when your faithful host was just a scared newbie lost in a sea of articles about the impending economic collapse and the death of the US dollar. I knew my history so the idea of wheelbarrows of … Continue reading Gold, Silver and Diversifying Income

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THE COURSE OF EMPIRE: Brink of societal collapse?

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THE COURSE OF EMPIRE: Brink of societal collapse? Bobby Akart “Prepping For Tomorrow” Audio in player below! On this  episode of the Prepping for Tomorrow program, Author Bobby Akart discusses the rise and fall of empires. Including the reality that one day the United States of America may collapse. How could this happen and what … Continue reading THE COURSE OF EMPIRE: Brink of societal collapse?

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The World’s 2nd Largest Country Just Banned Almost All Cash

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The World’s 2nd Largest Country Just Banned Almost All Cash

Image source: Pixabay.com

As the world was distracted by the U.S. presidential election last week, India’s prime minister made 84 percent of the cash in circulation worthless.

Narendra Modi on Nov. 8 declared that the two largest bills in circulation — the 500 and 1,000 rupee notes — were no longer legal tender.

Citizens in the world’s second most populous nation had no advance warning; Modi simply went on television and told them that the two bills would become worthless at midnight. Indian is the world’s seventh largest economy.

The move wiped out the value of 22 billion banknotes worth $278 billion, The Australian’s Greg Bearup estimated. Those bills composed 84 percent of the cash in circulation in India.

India citizens can take the notes to banks and deposit them, but any deposit of over $500 will have to be explained, Bearup reported. Those who cannot justify the deposit will have to pay a 200 percent penalty on it.

Get Out Of The Rat-Race And Make Money Off-Grid!

“In effect, it would cost them more than the value of the deposit,” Bearup wrote. “They may as well throw the money out the window, and this is happening.”

Killing Cash

Modi is trying to kill India’s cash economy with the move and force the nation’s people to put their money in banks. Most Indians do most of their business in cash, which is hard to track and tax.

By getting rid of large bills, Modi is hoping to discourage corruption, organized crime and terrorism. As Bearup noted, the move is aimed primarily at tax dodgers and crooked businessmen. Bearup reported on investors who build steel rooms in their rooms and fill them with rupees.

The world should pay close attention to what is happening in India, because Modi is simply implementing a proposal made by mainstream economists. Earlier this year Kenneth S. Rogoff, the former chief economist of the International Monetary Fund, published a book called The Curse of Cash. In it he recommended that governments stop printing paper money and only issue coins. Rogoff believes that cash is bad because it facilitates crime, corruption, illegal immigration, terrorism and tax evasion.

In May the European Union announced that it would stop printing its largest bill, the 500 Euro note. CNN reported that the action was taken because the bill “could facilitate criminal activities.”

“There is a pervasive and increasing conviction in the world of public opinion that high denomination banknotes are used for criminal purposes,” European Central Bank President Mario Draghi told a journalist a few months earlier.

What is your reaction? Do you believe this could happen in America? Share your thoughts in the section below:

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20 Tips for Soldiering Through an Economic Meltdown

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20 Tips for Soldiering Through an Economic Meltdown

By Gaye Levy – Backdoor Survival

Three years ago, I wrote about our deteriorating economy.  As I recall, the words were “current lousy economy”.  The good news is that so far, a global economic meltdown has been abated.  And the bad?

From what I can determine by simply opening my eyes and looking around, we are nowhere near the recovery that politicians and the economists in their hip pocket are touting. If anything, we are barreling forward to a collapse not unlike the big crash of 1929.

Continue reading at Backdoor Survival: 20 Tips for Soldiering Through an Economic Meltdown

About the author:

Gaye Levy started Backdoor Survival so that she could share her angst and concern about our deteriorating economy and its impact on ordinary, middle-class folks. She also wanted to become a prepper of the highest order and to share her knowledge as she learned it along the way. On Backdoor Survival you will find survival and preparedness tools and tips for creating a self-reliant lifestyle through thoughtful prepping and optimism.

To read more from Gaye, visit her website, Backdoor Survival. You can also follow Gaye on Facebook, Twitter, Google+ and Pinterest or purchase her eBook, The Prepper’s Guide to Food Storage on Amazon.com.

Filed under: Economy, Prepping

Toblerone: Before and After Brexit

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This is priceless.

Its amazing that UK went Venezuela in their attempt to control inflation.

The government clearly pressured for Toblerone to be sold at the same price in spite of 30% inflation. They demanded that they didn’t make the packaging any smaller and kept the same price.

So how’s the Toblerone now sold in UK?

This is the result.

Toblerone 2020?

FerFAL

Fernando “FerFAL” Aguirre is the author of “The Modern Survival Manual: Surviving the Economic Collapse” and “Bugging Out and Relocating: When Staying is not an Option”.