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Showing posts with label Coming Economic Collapse. Show all posts
Showing posts with label Coming Economic Collapse. Show all posts

Monday, July 22, 2013

U.S. Military Prepares for Global Unrest Amid Climate Fears

Op-Editorial piece featured on-line, written by Marlene Cimons of Climate Nexus for LiveScience, and brought to my attention by a reader who stated that "if the military is planning on contingencies missions for global warning chaos, surely they have to be planning contingencies for economic collapse, martial law, etc, etc." Well, James you are right about the military having contingency plans for about everything. These are called OPLANS. Doesn't mean the military wants to execute these plans, just being prepared.

Though Earth's shifting climate evokes many images, civil unrest usually isn't one of them. Yet, a warming planet could have a profound impact on national security, both in the United States and abroad. This time, the threat isn't from terrorism or a single enemy, but from natural disasters occurring on an unprecedented scale.

Acts of nature fueled by a warming climate — for example, floods and prolonged drought — may lead to disrupted migration, food and water shortages, and other public health crises — which, in turn, could prompt civil and political instability. Those impacts would pose a particularly profound threat for people in countries with fragile governments, including key U.S. strategic interests.

This threat has Pentagon officials worried enough to speak out and to invest in research to better understand the relationships among conflict, socioeconomic conditions and climate. The U.S. Department of Defense (DOD) plans to use the data to predict future threats and develop ways to cope with them.

Under its highly selective Minerva social-science program, the DOD has awarded researchers at the University of Maryland a three-year, $1.9 million grant to develop models that will help policymakers anticipate what could happen to societies under a range of potential climate-change scenarios.

"It's likely that physical and economic disruptions resulting from climate change could heighten tensions in sensitive areas of the world," said Elisabeth Gilmore, an assistant professor at the University of Maryland's school of public policy and the study's lead researcher. "The environmental changes from climate change can have important effects on our well-being and security. We need to better understand these interactions."

Her team plans to use statistical models and case studies to identify the best predictors of climate-related conflict, and then use the data and a novel simulation method to generate forecasts of conflict over a range of socioeconomic and climate-change scenarios. Finally, the project will identify a range of military and policy interventions that could reduce the occurrence of climate-related civil conflict.

The Pentagon has been concerned about the national security implications of climate change for quite some time, and military officials have continued to speak out about them.

For example, Navy Adm. Samuel J. Locklear III, who leads the U.S. Pacific Command, repeatedly has warned of the national security dangers of climate change. In fact, earlier this year, he said global warming was "the most likely thing ... [to] cripple the security environment, probably more likely than the other scenarios we all often talk about."

In 2007, CNA, a Pentagon-funded think tank that conducts in-depth research and analysis, released a report from a panel of retired senior military officers and national security experts who predicted that extreme weather events prompted by climate shifts could disrupt the U.S. way of life and cause already weak governments to fall, particularly in many Asian, African and Middle Eastern nations where marginal living standards already exist.

Moreover, the report warned that the United States may find itself drawn into these situations to help provide stability before conditions worsen, before they are exploited by extremists or after a conflict has begun. Even stable governments, like the United States' and those of nations in Europe, could be pressured to take in large numbers of immigrants and refugees as drought increases and food production dwindles in Latin America and Africa, the report added.

Some researchers have suggested that framing climate change as a threat to national security and public health, rather than to the environment, might make the issue more relevant and meaningful to many conservative Americans and others who tend to deny or dismiss it. But, surprisingly, recent research published in Climatic Change by Teresa Myers of George Mason University and her colleagues indicated that such seems to make those individuals angry.

The researchers weren't sure why this approach elicited an angry response, but they wonder whether the climate-change deniers resented an attempt to connect national security — an issue they care about — with climate change, an issue they tend to dismiss. Or, they may have been upset with the researchers for presenting claims about global warming and national security they did not think were authentic or credible.

Instead, perhaps the doubters should read the words of retired U.S. Gen. Gordon R. Sullivan, chairman of CNA's military advisory board and the U.S. Army's former chief of staff. He seems to believe that enough scientific evidence of climate change's impact exists to be sobering — and that it deserves the U.S. government's attention.

"We seem to be standing by —and, frankly, asking — for perfectness in science,"' Sullivan wrote in the 2007 CNA report. "People are saying they want to be convinced, perfectly. They want to know the climate-science projections with 100 percent certainty. Well, we know a great deal, and even with that, there is still uncertainty. But the trend line is very clear. We never have 100 percent certainty. We never have it. If you wait until you have 100 percent certainty, something bad is going to happen on the battlefield. That's something we know. You have to act with incomplete information. You have to act based on the trend line. You have to act on your intuition sometimes."

Sunday, May 12, 2013

Another Great Depression Coming to America

If you need any motivation for prepping then read this article by Michael Synder, "20 Signs That The Next Great Economic Depression Has Already Started In Europe", published on the International Forecaster, which is really an arguement stating that economic depression is already begining in Europe, and in this world economy whatever happens in Europe also will happen in America, especially since America now looks and acts like Europe.

By Michael Snyder

The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don't get it. All the time I have people ask me when the "economic collapse" is going to happen. Well, for ages I have been warning that the next major wave of the ongoing economic collapse would begin in Europe, and that is exactly what is happening. In fact, both Greece and Spain already have levels of unemployment that are greater than anything the U.S. experienced during the Great Depression of the 1930s. Pay close attention to what is happening over there, because it is coming here too. You see, the truth is that Europe is a lot like the United States. We are both drowning in unprecedented levels of debt, and we both have overleveraged banking systems that resemble a house of cards. The reason why the U.S. does not look like Europe yet is because we have thrown all caution to the wind.

The Federal Reserve is printing money as if there is no tomorrow and the U.S. government is savagely destroying the future that our children and our grandchildren were supposed to have by stealing more than 100 million dollars from them every single hour of every single day. We have gone "all in" on kicking the can down the road even though it means destroying the future of America. But the alternative scares the living daylights out of our politicians. When nations such as Greece, Spain, Portugal and Italy tried to slow down the rate at which their debts were rising, the results were absolutely devastating. A full-blown economic depression is raging across southern Europe and it is rapidly spreading into northern Europe. Eventually it will spread to the rest of the globe as well. The following are 20 signs that the next Great Depression has already started in Europe...

#1 The unemployment rate in France has surged to 10.6 percent, and the number of jobless claims in that country recently set a new all-time record.

#2 Unemployment in the eurozone as a whole is sitting at an all-time record of 12 percent.

#3 Two years ago, Portugal's unemployment rate was about 12 percent. Today, it is about 17

#4 The unemployment rate in Spain has set a new all-time record of 27 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.

#5 The unemployment rate among those under the age of 25 in Spain is an astounding 57.2 percent.

#6 The unemployment rate in Greece has set a new all-time record of 27.2 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.

#7 The unemployment rate among those under the age of 25 in Greece is a whopping 59.3 percent.

#8 French car sales in March were 16 percent lower than they were one year earlier.

#9 German car sales in March were 17 percent lower than they were one year earlier.

#10 In the Netherlands, consumer debt is now up to about 250 percent of available income.

#11 Industrial production in Italy has fallen by an astounding 25 percent over the past five ears.

#12 The number of Spanish firms filing for bankruptcy is 45 percent higher than it was a year ago.

#13 Since 2007, the value of non-performing loans in Europe has increased by 150 percent.

#14 Bank withdrawals in Cyprus during the month of March were double what they were in February even though the banks were closed for half the month.

#15 Due to an absolutely crippling housing crash, there are approximately 3 million vacant homes in Spain today.

#16 Things have gotten so bad in Spain that entire apartment buildings are being overwhelmed by squatters......A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters. “This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters.”

#17 As I wrote about the other day, child hunger has become so rampant in Greece that teachers are reporting that hungry children are begging their classmates for food.

#18 The debt to GDP ratio in Italy is now up to 136 percent.

#19 25 percent of all banking assets in the UK are in banks that are leveraged at least 40 to 1.

#20 German banking giant Deutsche Bank has more than 55 trillion euros (which is more than 72 trillion dollars) of exposure to derivatives. But the GDP of Germany for an entire year is only about 2.7 trillion euros.

Yes, U.S. stocks have been doing great so far this year, but the truth is that the stock market has become completely and totally divorced from economic reality. When it does catch up with the economic fundamentals, it will probably happen very rapidly like we saw back in 2008.

Our politicians can try to kick the can down the road for as long as they can, but at some point the consequences of our foolish decisions will hunt us down and overtake us. The following is what Peter Schiff had to say about this coming crisis the other day.....

"The crisis is imminent," Schiff said. "I don't think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems." "We're broke, Schiff added. "We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out."

Schiff points out that the market gains experienced recently, with the Dow first topping 14,000 on its way to setting record highs, are giving investors a false sense of security. "It's not that the stock market is gaining value... it's that our money is losing value. And so if you have a debased currency... a devalued currency, the price of everything goes up. Stocks are no exception," he said.

"The Fed knows that the U.S. economy is not recovering," he noted. "It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode."

So please don't think that we are any different from Europe. If the United States government started only spending the money that it brings in, we would descend into an economic depression tomorrow. The only way that we can continue to live out the economic fantasy that we see all around us is by financially abusing our children and our grandchildren.

The U.S. economy has become a miserable junkie that is completely and totally addicted to reckless money printing and gigantic mountains of debt. If we stop printing money and going into unprecedented amounts of debt we are finished. If we continue printing money and going into unprecedented amounts of debt we are finished. Either way, this is all going to end very, very badly.

Sunday, November 4, 2012

Everyone's Predicting the Coming Collapse

The Coming Economic Collapse,.....there are many recent sources hitting the internet waves predicting an economic collapse precipitated by or accelerated by a stock market collapse. To be sure, many are selling something,....paper or physical gold and silver,.......some sort of economic survival or investments information packet or book,.....and sometimes just some sort of commentary based capture system to sell you something later on.

Sorting through the facts and determining the causes and effects have validity, after all if you are reading this site (and other survival sites) you have some sense of impending doom, be it a total economic collapse,.....a great depression,.......or just a non-specific scenario where life will be not only much different than we know it but very dangerous......that's why we are all prepping.

And to be sure, the people who think they can manage their financial assets by moving money around, changing investments, etc., and survive are missing the foundation of survival preparation. However, if you have noticed the same things I have, you see many more these "experts" not only talking financial protections, but preparations that include food storage and physical gold/silver holdings.

You still don't see too much on the mainstream economic collapse predictors about safe location selection and preparations nor the basic need for security and the foundation of security that firearms provide.

Still, there are many noted and respected economic voices out there predicting some sort of economic hard times coming. Gerald Celente, Robert Kiyosaki, Congressman Ron Paul, Peter Schiff, and Jim Rogers just to name a few of the main stream analysts.

Newsmax After Shock Survival Summit, detailing how investors are planning to or or at least ready to dump stocks before or at the beginning of what many people think will be a 2013 market crash. The below video is a representation of a prediction of where the U.S. economy is headed. This is more of a middle of the road analysis and prediction, by economist Bob Wiedemer, who predicted the housing market crash, the grid-locking of the U.S. markets, the surge in national debt, the world wide financial crisis, and the downgrade of U.S. debt. He predicts the subsequent effects of the coming economic hard times will have on everyone. My posting of this video is not an endorsement, just a video that is a representative video of many analysts predicting the coming collapse.  He is also selling you information on how to protect yourselves. He (Wiedemer) says, about the upcoming tough times, "It's going to get worse, before it gets better". From my perspective, it's going to get worse all right, remains to be seen if it can get better after that.....after all, that's what we are preparing for.

Wednesday, October 3, 2012

Education on the Great Depression

Those who do not learn from History are bound to Repeat It,.....

From the article "How Bad Was The Great Depression?" by Tyler Durden printed on Zero Hedge

To properly understand the events of the time (and to put them in today's context), we believe, like the FEE, that it is factually appropriate to view the Great Depression as not one, but four consecutive downturns rolled into one. These four “phases” are: I. Monetary Policy and the Business Cycle; II. The Disintegration of the World Economy; III. The New Deal; IV. The Wagner Act. The first phase covers why the crash of 1929 happened in the first place; the other three show how government intervention worsened it and kept the economy in a stupor for over a decade. The following brief clip and article shine a light on how bad things were and what was done in the name of 'helping' - there are many shocking analogies for current government-inspired acts from taxation to protectionism to money-supply 'tricks'.

Everyone has heard the sage observation of philosopher George Santayana: “Those who cannot remember the past are condemned to repeat it.” It’s a warning we should not fail to heed.

Friday, September 7, 2012

Economic Death Spiral Coming

Economist Richard Duncan: "Civilization May Not Survive Death Spiral", By Terry Weiss, Money Morning

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $16 trillion federal debt has escalated into a "death spiral, "as he told CNBC. And it could result in a depression so severe that he doesn't "think our civilization could survive it." And Duncan is not alone in warning that the U.S. economy may go into a "death spiral."

Since the recession, noted economists including Laurence Kotlikoff, a former member of President Reagan's Council of Economic Advisers, have come to similar conclusions. Kotlikoff estimates the true fiscal gap is $211 trillion when unfunded entitlements like Social Security and Medicare are included. However, while the debt crisis numbers are well known to most Americans, the economy hasn't suffered a major correction for almost 4 years.

So the questions remain: Is the threat of collapse for real? And if so, when?

A team of scientists, economists, and geopolitical analysts believes they have proof that the threat is indeed real - and the danger imminent.

One member of this team, Chris Martenson, a pathologist and former VP of a Fortune 300 company, explains their findings: "We found an identical pattern in our debt, total credit market, and money supply that guarantees they're going to fail. This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible. Click here to see how banks are escalating the collapse... "And what's really disturbing about these findings is that the pattern isn't limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well."

According to Martenson: "These systems could all implode at the same time. Food, water, energy, money. Everything." Another member of this team, Keith Fitz-Gerald, the president of The Fitz-Gerald Group, went on to explain their discoveries. "What this pattern represents is a dangerous countdown clock that's quickly approaching zero. And when it does, the resulting chaos is going to crush Americans," Fitz-Gerald says.

Dr. Kent Moors, an adviser to 16 world governments on energy issues as well as a member of two U.S. State Department task forces on energy also voiced concerns over what he and his colleagues uncovered. "Most frightening of all is how this exact same pattern keeps appearing in virtually every system critical to our society and way of life," Dr. Moors stated. The work of this team garnered such attention, they were brought in front of the United Nations, UK Parliament, and numerous Fortune 500 companies to share much of their findings.

"It's a pattern that's hard to see unless you understand the way a catastrophe like this gains traction," Dr. Moors says. "At first, it's almost impossible to perceive. Everything looks fine, just like in every pyramid scheme. Yet the insidious growth of the virus keeps doubling in size, over and over again - in shorter and shorter periods of time - until it hits unsustainable levels. And it collapses the system."

Martenson points to the U.S. total credit market debt as an example of this unnerving pattern. "For 30 years - from the 1940s through the 1970s - our total credit market debt was moderate and entirely reasonable," he says. "But then in seven years, from 1970 to 1977, it quickly doubled. And then it doubled again in seven more years. Then five years to double a third time. And then it doubled two more times after that. "Where we were sitting at a total credit market debt that was 158% larger than our GDP in the early 1940s... By 2011 that figure was 357%."

Dr. Moors warns this type of unsustainable road to collapse can be seen today in our energy, food and water production. All are tightly connected and contributing to the economic disaster that lies directly ahead. Editor's note: Germany's military held a secret investigation into this unsustainable pattern and concluded it could lead to "political instability and extremism."

According to polls, the average American is sensing danger. A recent survey found that 61% of Americans believe a catastrophe is looming - yet only 15% feel prepared for such a deeply troubling event.

Fitz-Gerald says people should take steps to protect themselves from what is happening. "The amount of risky financial derivatives floating around the globe is as much as 20 times size of the entire GDP of the world," he says. "It's unsustainable and impossible to unwind in any kind of orderly way." Moreover, he adds: "People can also forget that the FDIC can only cover a fraction of US bank deposits. It's a false sense of security. Just like state pensions, which could be suspended at any time. A collapse could wipe out these programs. Entitlements like Social Security and Medicare are already bankrupt and simply being propped up."

We can see the strain on society already. In two years, Congress won't have any money for transportation, reports the Washington Post. Cities like Trenton, NJ have layed off one-third of their police force due to budget cuts. And other cities like Colorado Springs, CO removed one-third of streetlights, trashcans, and bus routes, reports CNN.

Fitz-Gerald also warns of a period of devastating inflation. A recent survey, reports USA Today, notes that in the coming years it could take $150,000 a year in household income for a family to afford basic living expenses - and maybe go out to a movie.

Right now, in fact, "52% of Americans feel they barely have enough to afford the basics." "If our research is right," says Fitz-Gerald, "Americans will have to make some tough choices on how they'll go about surviving when basic necessities become nearly unaffordable and the economy becomes dangerously unstable." "People need to begin to make preparations with their investments, retirement savings, and personal finances before it's too late," says Fitz-Gerald. Watch the video here:

Friday, August 10, 2012

Global Economic Collapse Predicted

Nouriel Roubini, the economist whose dire warnings earned him the nickname “Dr. Doom,” said two weeks ago that the recent slowdowns in the U.S., Europe, and China is proof that the global “perfect storm” scenario he predicted is on its way.

“(The) 2013 perfect storm scenario I wrote on months ago is unfolding,”  say's Roubini.  He is predicting  four specific elements would come together to create the perfect global economic crisis: a stalled U.S. economy, the EU debt crisis, a slowdown in emerging markets (China), and conflict in Iran.

Roubini further declares that this crisis will be far worse than the financial crisis of 2008.  A U.S. recovery is not going to happen at least for many years to, according to Roubini.   The problems in Europe, an economic slowdown in China and oil prices that will rise sharply, due to the fall of the dolar and the crisis in the Middle East, particulary with Iran, will all make a America's economy much worse, say's Roubini. 

Author and Economist James Howard Kunstler claims that we are past the point where solutions
to our economic problems are possible.  He has long been a voice of society's waste of resources and
now that he basically say's there is no hope to correct the course taking us to a brutal collapse, we now
need a response plan to help us best brace for the impact of the coming consequences. And, as Kunstler
advocates, we need it fast.

Europe is taking a turn for the worst as the new French Socialist President Fran├žois Hollande is driving
captial and businesses out of France with his "tax the rich policy" and Greece just declared that they are
in a Great Depression.  

Even Treasury Secretary Timothy Geithner say's that "a wave of tax increases and billions of dollars in
automatic spending cuts will cause a lot of damage to the fragile economy" and this is coming from a
guy who has been all rosy and who has an interest in making the Country believe that things are not as
bad as they really are.

Saturday, May 19, 2012

More Predictors of the Coming Economic Collapse

From the ETF Daily we get 25 reasons the Economic Collapse is probable. The entire article is too much to re-print here, please go to ETF Daily to read the whole enchilada. The following are 25 horrible statistics about the U.S. economy that Barack Obama, and probably the entire Congress, does not want you to know.....together they spell a coming economic doom.

#1 The percentage of Americans that own homes is dropping rapidly. According to Gallup, the current level of homeownership in the United States is the lowest that Gallup has ever measured.

#2 Home prices in the U.S. continue to fall like a rock as well. They have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble. The last time that home prices in the United States were this low was back in 2002.

#3 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

#4 Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer. Today, that number is above 30 percent.

#5 When Barack Obama first became president, the number of “long-term unemployed workers” in the United States was 2.6 million. Today, it is 5.3 million.

#6 The average duration of unemployment in the United States is about three times as long as it was back in the year 2000.

#7 Despite what the mainstream media would have us to believe, the truth is that the percentage of working age Americans that are employed is not increasing. Back in March 2010, 58.5 percent of all working age Americans were employed. In March 2011, 58.5 percent of all working age Americans were employed. In March 2012, 58.5 percent of all working age Americans were employed. So how can Barack Obama and the mainstream media claim that the employment situation in the United States is getting better? The employment rate is still essentially exactly where it was when the last recession supposedly ended.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.

#9 In 1962, 28 percent of all jobs in America were manufacturing jobs. In 2011, only 9 percent of all jobs in America were manufacturing jobs.

#10 In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

#11 According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

#12 Since Barack Obama entered the White House, the price of gasoline has risen by more than 100 percent.

#13 The student loan debt bubble continues to expand at a very frightening pace. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#14 Incredibly, one out of every four jobs in the United States pays $10 an hour or less at this point.

#15 Household incomes all over the United States continue to fall. After adjusting for inflation, median household income in America has declined by 7.8 percent since December 2007.

#16 Over the past several decades, government dependence has risen to unprecedented heights in the United States. The following is how I described the explosive growth of social welfare benefits in one recent article. Back in 1960, social welfare benefits made up approximately 10 percent of all salaries and wages. In the year 2000, social welfare benefits made up approximately 21 percent of all salaries and wages. Today, social welfare benefits make up approximately 35 percent of all salaries and wages.

#17 In November 2008, 30.8 million Americans were on food stamps. Today, more than 46 million Americans are on food stamps.

#18 Right now, more than 25 percent of all American children are on food stamps.

#19 According to the U.S. Census Bureau, today 49 percent of all Americans live in a home that receives some form of benefits from the federal government.

#20 Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars. That comes to $328,404for each and every household in the United States.

#21 During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars. U.S. GDP only rose by 142.4 billion dollars.

#22 At this point, the U.S. national debt is rising by more than 2 million dollars every single minute.

#23 The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office. In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

#24 The Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

#25 The Federal Reserve continues to systematically destroy the value of the U.S. dollar. Since 1970, the U.S. dollar has lost more than 83 percent of its value.

Can we survive this as a Nation? or will this be Survival of individuals, groups and small communities?

Sunday, May 6, 2012

There are many of us out there preparing for a economic collapse within the United States. I am convinced that many of us could not really articulate the factors of an economic SHFT, or why this collapse is likely to occur. The video below is very sobering and a fairly non-partisan explanation of the Federal financial problem. It serves two purposes: 1 – to articulate the “why” of a probable collapse, 2 – scare the hell out of you that the problem(s) are not solvable therefore the economic collapse probable. The video explains that the U.S. debt is 32 times greater than Greece. While the U.S. obviously has much more means to re-pay debt, we also have much more discretionary obligations, read entitlements, that Greece doesn’t have. Without a dynamic course change the U.S. will see a substantial if not catastrophic economic collapse like Greece,......but the riots will not be like Greece. They will be much more wide spread and violent. While the economic problems in Greece did lead to a short duration food and commodities shortage, the shortage we’ll see here in the U.S. will be substantial. Like the video states, It’s when, not if, the U.S. will collapse from this soaring debt.

Friday, April 13, 2012

More Proof of the Coming Economic Collapse

ETF Daily, basically an investors information-financial intelligence site often produces excellent articles dealing with the U.S. and World financial situation. Not necessarily from a "gloom and doom, the collapse is coming" perspective, ETF Daily does provide some insight into the possiblities of a national and world wide economic spin downward and that of course is the economic collapse, one of many possible SHTF scenarios, that we have been prepping for.

I have copied some of a recent article by ETF concerning government created bubbles and major events that will cause them to burst and herefore bring the economic collapse closer to the surface if not
bubbling over and effecting life as we know it. Read the entire article here.

The Tech and Housing Bubbles That Created These Giant Failures Were SMALL in Comparison to the Greatest Bubble of All, Being Created RIGHT NOW! I’m talking about the massive growth of the federal government that we’ve seen over the past few years.

Not only is the government bubble the biggest of all time, but it is rapidly expanding in four separate ways:

First, we have an unprecedented Government Debt Bubble: Washington has spent a record $16.3 trillion since 2007 … has added $6.5 trillion to the national debt … and is CONTINUING to run up trillion-dollar-plus deficits every year.

Second, we are witnessing the Greatest Monetary Bubble in U.S. history: Just since 2008, the Federal Reserve has dumped more than $1.8 trillion newly-created U.S. dollars directly into the economy. Plus, the Fed is creating even MORE money by holding interest rates low in order to
increase loan demand. Never forget: When banks lend money, they effectively create new U.S. dollars out of thin air.

Third, we have a Government Employment Bubble. The Heritage Foundation reports that since December 2007, even while the private sector workforce has shrunk by 6.6%, shedding more than 7.5 million jobs … the federal government workforce has grown by 11.7%, adding 230,000 jobs.

Fourth, and most dangerous, there’s the Entitlement Bubble: Just consider the facts:

One in every five Americans now relies on federal assistance.

Nearly 46 million Americans need food stamps to keep body and soul together — 34% more than just two years ago.

The average recipient of federal aid collects $32,748 in benefits — about $300 more than the average tax-paying family gets in disposable income.

The biggest of all: The government’s obligations for Social Security, Medicare and Medicaid are now $65 trillion, nearly five times the value of all the goods and services produced by the entire country.

But Soon, Three Major Events Will Burst This Massive Bubble …

First, the U.S. government is going to lose its primary creditors — overseas investors. In fact, there’s abundant evidence that this deadly process has already begun. That’s why Lawrence Goodman a former Treasury official and president of the Center for Financial Stability, pointed out last week that major U.S. creditors like Japan and China, that once scooped up U.S. debt, are shunning it. Such foreign purchases of U.S. debt amounted to 6 percent of GDP and has since fallen by over eighty percent to a paltry 0.9 percent.

Second, that’s why the Federal Reserve has had no choice but to temporarily fill the gap. Last year the Fed used printed money to purchase a stunning 61% of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis. This raises the question: What happens when the Fed’s actions drive fuel, food and other prices through the roof? Treasury interest rates surge — the first sign that the government bubble is bursting.

Third, ultimately entitlements must be cut — just like they’re being cut in Europe. In Spain, Greece, Portugal and Italy, those cuts are taking massive amounts of money out of the economy and plunging them into deep recessions.

Imagine what will happen when the world’s largest government with the world’s largest entitlement obligations begins making similar kinds of cuts!

Make no mistake: This great government bubble — probably the greatest mankind has ever seen — is destined to burst. And when it does, blood will run hip deep down Wall Street and effect every aspect of our lives.

Sunday, April 1, 2012

Global Financial Instability

Ever heard of the saying “Rat’s leaving the Sinking Ship?”,….how about the thought that the last thing the ruling elite does before the Country collapses is to “Rob the Treasury?”

UrbanSurvivalSkills recently came across two articles that give life to these popular sayings. One article, from American Kabuki, outlines 320 resignations from world banks, investment houses and money funds.

American Kabuki has a long list of these resignations along with bitly links to the articles. I have listed just the U.S. based resignations since Feb 1, 2012, however that is not to say that foreign financial shenanigans do not affect the U.S. It is indeed a world economy and what other countries do and don’t do have a profound effect on our economy. This country would do well to develop our own fossil fuel energy resources to eliminate the security issue of being dependent upon other countries, as well as get back to an economy largely based on agriculture where we, as a country could again feed ourselves.

It should be noted that American Kabuki gives credit to Gabriel for tracking Insurance, Government and Healthcare Resignations. For anyone who wants to conduct their own research, I have included Kabuki's web addresses to the articles, although they are not hyperlinks.

U.S. Based Resignations

2/05/12 ( USA - NY) Morgan's investment banking chairman Joseph Perella quit

2/05/12 ( USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit

2/06/12 (USA NY) TD Ameritrade, head of retail distribution John Bunch resigns. Bunch is leaving to take the top job at a small investment advisory firm in Kansas City.

2/07/12 ( USA ) Bank Of America 's Mortgage Business Chief Barbara Desoer Retires

2/08/12 (USA OH) Cleveland International Fund (CIF) private equity fund, A. Eddy Zai launched and led the Cleveland International Fund, an investment outfit that pairs wealthy foreign investors hoping for U.S. residency with job-creating projects. Zai resigned from his job this week, before being indicted in a bank-fraud scheme that, according to investigators, contributed to the collapse of a credit union in Eastlake.

2/14/12 (USA NY) Goldman Sachs Jeffrey Moslow resigns, an investment banker to companies such as Tyco International Ltd, Nstar, the Boston-based utility, and defense contractor Dyncorp International Inc.

2/15/12 ( USA ) Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto resigned.

2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.

2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.

2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer

2/17/12 (USA NY) Harbinger Group Inc. CFO Francis T. McCarron has advised the Company of his resignation effective April 30

2/20/12 ( USA WA) First Financial Northwest Director Spencer Schneider Quits

2/22/12 ( USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire

3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits

3/01/12 (USA NY) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG's third party asset management business, PineBridge still manages AIG assets

3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires

3/01/12 (USA OR) Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad Child will retire

3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.

3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman

3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits

3/05/12 ( USA ) Reliance Bancshares chairman Patrick Gideon resigned

3/06/12 (USA PA) USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement,has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing. Provides a network of wireless non-cash transactions, associated financial/network services and energy management. It provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.

3/07/12 ( USA ) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.

3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns.

3/07/12 ( USA ) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune

3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down

3/08/12 ( USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe

3/08/12 ( USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years

3/09/12 ( USA ) Cerberus Capital Management LP, CEO Robert Nardelli resigns.

3/12/12 ( USA ) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns

3/12/12 (USA CA) California ’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.

3/12/12 ( USA ) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.

3/12/12 ( USA ) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser

3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.

American Kabuki makes no claims under what circumstances these individuals have left their positions. However he, as well as I, find the timing of so many resignations extremely curious and a temporal marker in history of high significance. Kabuki cautions that no one should assume that any judgments about the character of these people. Again, it is just curious that so many world financial managers and leaders are leaving.

Another site we found was Shift Frequency built by a woman named Gillian Grannum.

Her point that the Cabal running the show (World Financial Markets) and screwing it up beyond belief, decided the time had come to destroy the American economy en route to their New World Order. She has two interesting articles on her site which I will link to here.

President Signs Law Placing Prior Restraint on Free Speech

Greg Smith’s Resignation Letter From Goldman Sucks er…Sachs

Thursday, March 15, 2012

Economic 9-11

The Blaze posted an article on 28 February 2012, titled: "Buy a Gun & Keep Your Powder Dry: Economists Warn of Looming Economic 9/11", with economic collapse warnings from three noted economists: Harry Dent, Robert Prechte, & Gerald Celente. Click on the link to read the original, full article, otherwise what these three advise us is as follows:

Harry Dent, author of “The Great Crash Ahead,” believes that the global debt bubble is going to burst and when it does, there will be a massive market crash. Dent previously predicted a collapse in 2012 but has since modified it as the global central banks have been pumping the markets with so much money, stocks have been given a temporary boost. But Dent warns that as soon as the short-lived boost comes to an end, the crash will be hard. “This will be a repeat of 2008-09, only bigger, when it finally hits,” Dent says.

Gerald Celente, a market analyst at the Trends Research Institute, believes Americans should brace themselves for what he calls an “economic 9/11.” He blames the inability of policymakers to solve the world’s financial and economic woes. Once the meltdown hits, he says, it will lead to social upheaval, anti-government sentiment, a devalued U.S. dollar, and skyrocketing unemployment.

Celente won‘t rule out another financial panic that could spark enough fear to cause a run on the nation’s banks by depositors, which could cause the invoke ‘economic martial law’ and call a ‘bank holiday’ and close banks as it did during the Great Depression.

He has been warning of economic disaster for years, believes that the national debt and “income inequality” has put the U.S. in a very dangerous place. Celente says that bank runs, brought about by social unrest, will wreak severe economic havoc as well as could easily transform into real violence. He believes the markets will be turned upside down by not only the eurozone crisis but also by an increase in oil prices due to the standoff between Iran and the West.

“2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax,” Celente wrote in his “Top 12 Trends 2012” newsletter.

“When money stops flowing to the man on the street, blood starts flowing in the street,” he added in an interview.

Celente advises investors to buy gold – it won’t lose its purchasing power when the dollar tanks. Also, he says, buy a gun to protect yourself from marauders in search of food and money. He also advises people to plan a getaway to places with “more stable finances and governments.”

Robert Prechter, author of “Conquer the Crash,” is being described as “still bearish.” Because he believes there is a frightening amount of similarities between today’s economy and the one preceding the Great Depression, he warns that America should brace for “1930s-style deflation.” “The economic recovery has been weak, so the next downturn should generate bad news in a big way,” Prechter said

Prechter’s advice? Simple: keep your powder dry and buy when the economy starts to get out of hand.

Particular troubling to me is the common theme of a societal collapse and violence. With 46.5 millon Americans already dependent upon the U.S. Government for subsistence, what would America look like with 100 million hungry people, either not getting checks or getting checks that would not begin to feed their families because of hyper inflation or the unavailbility of products?

Monday, March 5, 2012

Collapse in Europe Begins with Greece

There are several reason why the financial situation in Europe impact on the United States:  U.S. banks hold alot of European debt and the burden of a large national debt coupled with runaway government spending on basically itself spells hard times to come. Not necessarily a economic collapse, but a spiraling down of the standard of living and quality of life until there is no reversing it. The video below, although tounge in cheek, explains pretty well what is happening in Greece which of course is a model of what and where the U.S. could be very soon.

Tuesday, February 14, 2012

Greece on the Verge of Economic Collapse

One of the reasons many people are predicting a economic collapse that will plunge is that there is basically no formula or path that can bring the U.S. back to a stable economic footing - that's the argument anyway and the reason is that if the Government continue spending and borrowing the way they have,.....over $5 trillion in debt added in the past three years,..... then eventually inflation and probably hyper inflation will occur. The inflation I'm talking about here is where the value of the dollar declines significantly, reducing the purchasing power of American families.

The alternative to spending and borrowing of course is to cut the spending and therefore the need to borrow,....still leaves us with a bunch of debt to pay off,...but the austerity measures necessary to get a rein over the spiraling debt would cause the economy to contract; less money for investments and a decrease in products being manufactured - a general lowering of the GDP and again, economic chaos. This time inflation will be where the goods and commodities are priced too high due to unavailability, or simply because they can go to the highest bidder.

We are seeing in Greece much of what is predicted to occur here in the United States. Greek workers going on strike against austerity measures. Ships sitting at docks not being unloaded; public transport sitting idle. Greece is fairly close to anarchy and the Greece government still needs to bring about additional austerity programs, including cutting outrageous retirement plans, benefits and entitlements programs to even begin convincing the rest of Europe to help with a type of a financial bailout of that country.

The European Union (EU) and International Monetary Fund (IMF) indicated that the Greek deal, which barely had enough support to pass, did not go far enough and time is running out to avoid a Greek default.

The EU and IMF are exasperated by a series of broken promises by Athens and weeks of disagreement over the terms of a 130 billion euro ($172 billion) bailout, with time running out to avoid a default.

Greeks, who have been suffering from years of recession, are very angry about the measures. Protestors routinely congregate and shout,...."No to layoffs! No to salary cuts! No to pension cuts! Do not bow your heads! Resist!"

In addition to the striking dock workers and transportation workers, Hospital doctors, Bank employees and Teachers are all reportedly soon to join the anti-austerity measure protests.

Officials hammered home the message that Greece's future in the euro was at stake.
"The consequences of disorderly default would be incalculable for the country - not just for the economy ... it will lead us onto an unknown, dangerous path," Deputy Finance Minister Filippos Sachinidis said. In an interview with the newspaper Imerisia, he described the catastrophe he believes Greece would suffer if it failed to meet debt repayments of 14.5 billion euros due on March 20. "Let's just ask ourselves what it would mean for the country to lose its banking system, to be cut off from imports of raw materials, pharmaceuticals, fuel, basic foodstuffs and technology," he said.

I am probably way too dumb to figure out all the nuances with the coming economic collapse in Greece and subsequent threats to other EU nations like Italy, Spain and Portugal but whatever happens there would serve as a baseline model for what could transpire here in the U.S.

I wrote the above several days before I posted it.  What has transpired in the last few days is substantial rioting in Greece over austerity measures and inflation of the currency.  Images of police in riot control gear, contact fire bombs hitting the streets and violence targeted against the police and the government are all over the television and internet.  There are reports of people selling their gold jewelry in order to buy food.... .....however food is getting harder to find.  Soup kitchens are springing up in the more populated areas. 

Stay tuned for a worsening situation.  If you think this cannot happen here in the U.S. then you are sadly mistaken.  Last night on television and yesterday on the radio, Glenn Beck was predicting the same situation in the U.S. by the end of Summer.  Get prepared, Stay Prepared

Sunday, February 12, 2012

Wealth From the Ground has mentioned several times about it being a good idea to become a recipient of the Martenson Newsletters as Chris Martenson publishes newsletters and links to information of value to Survivalists and indicators of the coming collapse.

In one of his latest newsletters, Martenson post’s an article written by James Dines, titled “Owning 'Wealth In The Ground' Is Your Best Bet to Surviving the Coming 'Supernova of Inflations”. Although I have never heard of James Dines, apparently his record of making good calls is pretty strong.

Go here to read the whole article.

Dines made some pretty good comments, among them he sees the excessive credit in the financial system as having placed the global economy on a collision-course with hyperinflation. And of course we know that is true. 15+ Trillion dollar debt by the U.S. Government and really now way to fix it. Too much of an austerity program will induce a collapse as well continued spending. We have fenced ourselves in. And before some of hurl electronic bullets at me, the “we” I’m talking about is America and our elected politicians.....not “we” as Survivalists.

The rapidly increasing demand, increasing prices and shrinking supply of oil may be the catalyst. Dines predicts that at some point, when the military grasps the declining supply, they will seize the remaining supplies and you will not be able to drive your car until the last drop.

Dines states that the price of gold and silver did not go up. It is the fiat currency value that went down. Gold and silver are the ultimate money, coins of which are good anywhere in the world, no matter what is stamped on them, and that is the money. Gold (and Silver) are the only investible asset in the world that has gone up the last 11 years without interruption, and that is because they are just running the printing presses. The more they do, the more value builds into gold and silver. If a Survivalist does not have any precious metals then they run the risk of having a hole, large or small, in the plan.....plain and simple.

The point of the Wealth in the Ground article is about the only assets that would survive an economic collapse and the chaos that went with it is hard assets. Hard assets, in part being, being physical commodities, mining companies, gold and silver. When I first read the title and linked to it, I thought I would find someone advocating Wealth in the Ground” to mean,…a safe and secure survival site; a full time, year round water supply; ability to grow crops to sustain your survival family;......but Dines did not touch n that, but it is a logical extension of the wealth in the ground argument.

Anyway, a good article to read in it’s entirety and the Martenson newsletter at the very least motivates you to prep harder. He is one of many sources I tune to almost each and every day,…sometimes spending 2 or 3 minutes looking for something of interest,…and sometimes spending 20 minutes or more reading something where I’ll think,…”that’s a good point”.

Sunday, February 5, 2012

Iran and the Coming Fuel Crunch, Which May Be The Least of Our Concerns

Jairo wrote and said: "Hi again Urban-Man. I don't mean to over do it. However I found this pretty alarming. The things this will do to the price of fuel in this country would most likely push our economy over the side. The price of fuel goes up- so will the price of food, staples and everything else! My preps are far from ready. However this just motivates me to press on. Stay safe, stay prepared!"

Thanks Jairo, you are absolutely right, an economic collapse would result.

Jairo also provided a link to an article about Secretary of Defense Panetta stating that Israel could strike Iran by Spring.

In the article US Defense Secretary Leon Panetta believes there is a "strong possibility" that Israel will strike Iran's nuclear installations this spring, and that President Barack Obama and Panetta are "said to have cautioned the Israelis that the United States opposes an attack, believing that it would derail an increasingly successful international economic sanctions program and other non-military efforts to stop Iran from crossing the threshold," he said.

Israeli media reported in October last year that the option of pre-emptive air strikes on Iran was opposed by the country's intelligence services but favored by Prime Minister Benjamin Netanyahu and Defence Minister Ehud Barak. Israeli television said Mossad chief Tamir Pardo raised the possibility of a unilateral strike on Iran during a visit last week to Washington.

Additionally, WND also published an article written by Reza Kahlili is a pseudonym for a former CIA operative in Iran’s Revolutionary Guards and the author of the award winning book, “A Time to Betray.” This article, titled "Global Insecurity - Iran warns world of coming great event"

This article, only excerpts are included below, details how even among crippling economic sanctions over its nuclear weapons program, Iran is continuing to prepare itself for war against the West, and now is warning of a coming great event.

“In light of the realization of the divine promise by almighty God, the Zionists and the Great Satan (America) will soon be defeated,” Ayatollah Khamenei, the Iranian supreme leader, is warning. Khamenei, speaking to hundreds of youths from more than 70 countries attending a world conference on the Arab Spring just days ago, told a cheering crowd in Tehran that “Allah’s promises will be delivered and Islam will be victorious.” Khamenei then claimed that the current century as the century of Islam and promised that human history is on the verge of a great event and that soon the world will realize the power of Allah.

Many clerics in Iran have stated that Khamenei is the deputy of the last Islamic messiah on earth and that obedience to him is necessary for the final glorification of Islam. Khamenei has been heard to say that the coming of the last Islamic Messiah, the Shiites’ 12th Imam Mahdi, is near and that specific actions need to be taken to protect the Islamic regime for upcoming events.

Mahdi, according to Shiite belief, will reappear at the time of Armageddon. Selected forces within the Revolutionary Guards and Basij reportedly have been trained under a task force called “Soldiers of Imam Mahdi” and they will bear the responsibility of security and protecting the regime against uprisings. Many in the Guards and Basij have been told that the 12th Imam is on earth, facilitated the victory of Hezbollah over Israel in the 2006 war and soon will announce publicly his presence after the needed environment is created.

Iran is speeding up completion of the nuclear bomb program in which missiles can be armed with nuclear warheads. Iran believes once that’s achieved, Iran can test a nuclear bomb, letting the world know that Iran has joined the nuclear-armed club and that any confrontation will result in destruction of much of the Western world.

The Revolutionary Guards not only can hit all U.S. bases in the Middle East with their ballistic missiles but also reach most capital cities in Western Europe. The Guards, with the help of China and North Korea, are working on intercontinental ballistic missiles. But more dangerous to America, as reported last July, is the Guards action in arming their vessels with long-range ballistic missiles and their expansion of their mission into the Atlantic Ocean, right into the Gulf of Mexico.

And here's the scary part,.....any Iranian military or commercial vessel easily could get right outside the U.S. coastline and in less than 60 seconds fire a ballistic missile armed with a nuclear payload and detonate it over U.S. skies in an electromagnetic attack that would plunge America back into the 18th century. Studies show within just one year after such an attack, two-thirds of Americans would cease to exist and the rest would live under dire conditions.

Possible scenarios that impact on us here in the states:
1. The Israeli's strike Iran, over 40% of the world's oil supplies are disrupted, economic disaster hits our homeland.
2. The Iranians strike Israel and the resulting war, no matter how short, will disrupt oil supplies - read economic disaster here in the states.
3. Possibility of Iranian sponsored nuclear strike(s) in the states, with a resulting SHTF and economic-social and basically total collapse.

Watch the video below:

Tuesday, January 10, 2012

Urban Bug Out after the Collapse

Received this message from an Urban Survivor: ”Dear Urban Man. I have recently came across this site and have found it very informative and eye-opening. It got me thinking a little bit about what will I be able to do. I live in the greater (city deleted) area, living paycheck to paycheck, in a small 2 bedroom apartment, with my wife and 7 month old baby. For supplies we only have a weeks worth of food tops, a Ruger GP100 and a Winchester M12 with about 50 rounds each. Also some camping gear I like to hold on to (sleeping bag, ponchos, old army ruck sack). Not much, but it's what I have to work with. What advice if any would you be able to provide myself and for people living in these apartment buildings, if any, should the need arise to bug-out? Thank you.”

UrbanMan’s response: I intentionally left this gent’s name and city off, but suffice to say it was a large city on the Northeastern coast.

Unless a substantial part of your apartment complex population are prepared, equipped and can act as a cohesive unit, your best bet is to develop a Bug Out plan. You are reduced simply by the nature of geography on what direction you can go. You are hampered by the fact that one of you, your wife or you, will have to be a full time caretaker of the baby for several more years. You have a good start on a survival firearms battery with the Ruger GP100 and the Winchester Model 12 shotgun.

You Bug Out plan should consider a safe place to go, outside of normal refugee routes, possibly is the mountainous areas to your West. If you do not know anybody in a remote or rural location, then you may want to consider some weekend trips to do so. A lot of small communities are slowly dying. Looking around and letting people know that you are thinking of re-locating is a good way to get the feel of the area and to meet some people. You don’t need to articulate that you would be re-locating there just ahead of a Zombie mob or Mushroom cloud. You may have some close friends who do have some other friends of relatives in rural – remote areas.

As far as how you are getting there the best option is to be able to get ahead of the crowd of refugees. That’s means being ready to execute your Bug Out plan before all hope is lost or even if the situation is still undetermined. You probably be using a vehicle. It’ll pay to always keep your vehicle in some stage of readiness such as with some gear loaded and a fuel tank probably never below ¾ full. If you plan requires travel at the very limit of your vehicle range, then to pre-stage fuel cans and to fill them when the small indicators of a collapse start tingling your spidey sense.

A well stocked Bug Out bag for you and your wife is a requirement. Sleeping bags, ponchos, survival gear like multiple lighters, knifes, Gerber or Leatherman pocket tools, flashlights are all necessary; canteens and hydration packs are very necessary as well. I would put long stay food like MRE’s and/or Main Stay Food bars in my Bug Out Bags. A bucket or two of Wise type Survival meals and larger water containers like five gallon water jugs would be in my vehicle.

I would choose my routes out of the city carefully, avoiding the more dangerous choke points like narrow bridges and two lane roads. Have multiple routes so that you can transition from your primary to alternate to contingency to emergency (PACE) as necessary. Have some linkup points that are easy to find and that provide some cover and/or concealment in case you and your wife get separated.

Consider a couple more firearms so that you and your wife each have a handgun and a long gun. I think you priority on weapons now would be a decent repeating rifle. An AR platform such as an civilian M-4 is great, but you would not be handicapped much a pump action or small magazine fed semi-auto rifle.

I would also think about adding some Silver coins, bullion or old U.S. silver coins for their melt value to my Bug Out bags. They may come in handy. Have adequate amount of ammunition for each firearm.

Read the Survival Chronicles of Jim, from Chapter 1 to present and you’ll get an idea on how Jim and his plan and preps have evolved. Good luck to you.

Wednesday, January 4, 2012

Too Late for Gold and Silver?

Too Late for Gold and Silver? I get that a lot. People write me saying buying Gold and Silver are worthless or at best will only have value if someone accepts these precious metals for commodities. Many people write me advocating the purchase and stockage of guns, ammunition and food rather than Gold and Silver.

From my perspective, and considering the capabilities of the common person, anybody preparing for any kind of collapse – nuclear attack, dollar collapse, economic or infrastructure collapse, must consider all aspects of preparation from guns, ammunition, food, viable water supply and sources, transportation, gear and equipment,…and,…precious metals. Not to have any quantity of Gold or Silver is to leave a hole in your survival preparations.

I get that people are scared off by the costs of silver or more so Gold. Purchasing Gold and Silver as a survival asset has to compete with all other aspects of survival and most often places second, third or is not considered on the priority of purchases. That needs to change. Even if you can only afford $30 worth of junk silver coins (for silver melt value) or one ounce silver round, then get started today.

Mike Maloney from the ElevationGroup TV produced a video called “Is It Too Late To Buy Gold and Silver? This is a good education on paper money and how Fed policies influence how the dollar collapse will happen.

Watch more on

Friday, November 25, 2011

Another Look at the Coming Dollar Collapse

Excellent and easily readable article by Greg Hunter’s of USAWatchdog.
Defining conditions in Europe and how the collapse of the dollar and therefore rise of Gold will occur.

At the beginning of this month, the G20 met in France to try to find a way to solve the European sovereign debt crisis. It ended with world leaders in disarray over a way to come up with a solution. At first blush, it appears that nothing of any importance came of the meeting of the 20 leading economies of the world, but that is not the case. It was widely reported the G20 came up with the idea that Germany might put up its gold reserves to back a bailout fund called the European Financial Stability Facility or EFSF. Of course, Germany , with its more than 3,400 tonnes of gold (number 2 in the world), quickly shot that idea down. End of story? Quite the contrary–the gold story is just beginning to get interesting.

You see, the G20 did something accidentally that was very important, and that was confirm that gold has a place in the monetary system, especially in times of extreme turmoil. Why doesn’t the EU use sovereign bonds to back the EFSF? They are considered a store of value and are held as reserves in many European banks. The simple answer is the world is waking up to the fact that debt can’t back up debt. Europe finds itself in a tough spot, and the leaders there know it. Reuters reported Monday, German Chancellor Angela Merkel said, “Europe is in one of its toughest, perhaps the toughest hour since World War Two,” she told her Christian Democrats, saying she feared Europe would fail if the euro failed and vowing to do anything to stop this from happening.” Well, anything but put Germany ’s gold up as collateral. Maybe Chancellor Merkel will be the next leader to exit the European stage? Who knows, but what I do know is that gold is once again going to become an important part of the world monetary system.

UrbanMan's comment: By the virtue of Gold increasing in value, so will Silver. Currently the ratio of Gold and Silver, $1,800 and $34 an ounce respectively, is at an approx ratio of 1:53. That ratio is expected to decrease as the historic Gold to Silver ratio is much narrow than that, so the correction will bring the value of Silver much higher as well.

In a new book called “Currency Wars,” Wall Street insider Jim Rickards examines how countries try to get out of financial trouble by devaluing their currencies. Rickards says, “Today, as yesterday, countries are attempting to devalue their way out of trouble. Following the strategy of beggar-thy- neighbor, the U.S. , Europe, China and Japan all want to weaken their currencies. The flaw in the tactic should be clear. “Not everyone could cheapen at once,” Rickards writes. “The circle still could not be squared.” Rickards predicts the U.S. dollar’s future is not bright, and if there were a “catastrophic collapse of investor confidence,” the dollar’s buying power could suffer suddenly and dramatically in a global sell off.

Gold would be the big beneficiary if the dollar declined, and Rickards’ top price for gold per ounce is–wait for it–$44,552! That price is the absolute highest possibility. Rickards and others predict that in the next few years, America will go back on some sort of gold standard. Meaning, the dollar will be backed by gold, but Rickards has stated on many occasions that there probably will not be a100% gold backed U.S. dollar. Instead, Rickards contends it will be more in the neighborhood of 40%. If that is the case, then gold would be $17,821 per ounce using Rickards numbers. It appears gold prices are going much higher.

UrbanMan's comment: Again, silver will increase as well and by virtue of it's lower cost to procure, it remains not only the poorer man's precious metal for SHTF, but an easier bought one as well.

The main factor in determining gold price is money printing, and one of the biggest currency creators on the planet is the Federal Reserve. It created enormous amounts of money in the wake of the 2008 meltdown, and it looks like it is getting ready to unleash mountains of even more cash to stop the impending Euro-land meltdown. This week, St. Louis Fed President James Bullard indicated the central bank would take action if the EU sovereign debt crisis turns chaotic. According to a Wall Street Journal report, “Bullard said that if overseas events worsened significantly, the Fed could respond, saying “the Fed can re-open some of the liquidity facilities that were used during 2008-2009″ to reduce related market disruptions. “It will be fairly clear if some sort of crisis occurs in financial market that causes trust to break down,” it would then be time for the Fed to take action to alleviate the market tumult, he said.” It looks to me the Fed will be forced to print money to stop another financial meltdown. It is only a matter of time, and time appears short.

UrbanMan's comment: Something we hope never happens but refuse to let hope override good common sense in prepping. When the currency printing press start working over time the price of goods goes up because the dollar becomes devalued. Your pay checks will remain the same.....buying less and less until the one million a year that goes into poverty, becomes 15 million or more. Anarchy will reign when the true poverty level, currently at around 45 million hits 1/3 of the population or around 100 million.

Renowned economist Martin Armstrong says, “What this is really about is it’s the entire Western civilization that’s starting to crumble.” In an interview Monday on King World News, Armstrong warned, “Everything is falling apart and the politicians will not address it because it means having to change the system and that’s what they do not want to do. The real big money that I speak to, they are really starting to look beyond Italy , Greece , Spain and Portugal . They are starting to look at France and Germany .” Armstrong goes on to say, “They have borrowed year after year with no intention of paying it back. The US had $1 trillion of debt when Ronald Reagan took office in 1980. We are now pressing $15 trillion of debt.” The debt crisis throughout the Western world will push the price of the yellow metal (Gold) higher even though it is currently range bound. Armstrong says, “Basically what you are doing is you are building a sideways type of base. Eventually gold is going to take off to the upside, but largely when people begin to see the Emperor has no clothes and we’re getting close to that. I would only give it a few more months.”

When the next financial calamity hits, the Fed and other central banks will have two choices. They can print money to try and save the system they love, or let it implode. That means this is really all about gold now.

Thursday, August 18, 2011

One Step Closer to Gold Confiscation

Received this from TownHall:
Over The Counter (OTC) Bullion trading is now Illegal for all U.S. Residents. Again, OTC Bullion trading is now illegal but purchasing Gold & Silver and taking personal delivery or having it delivered to a Depository is Exempt from this New Ban thanks to lobbying efforts by several companies who mine and coin Gold.

What this means to us the Preparing Survivalist is that the Commodity Futures Trading Commission (CFTC) now has a foot hold on the physical bullion market. A feat this Government Agency has tried to achieve since its 1974 inception. Which of course is a step closer to Gold (and Silver) confiscation. And as you remember your history lesson, from 1933 through 1974 bullion was illegal to own until then President Gerald Ford gave back the rights of Americans to own bullion.

The CFTC's June 14th, meeting on The Dodds Frank Act, set forth the final rules on all Over The Counter markets, including retail commodity transactions of physical Bullion. The Over the Counter (OTC) Bullion Markets, Banned for ALL U.S. Residents and corporations as of July 15, 2011.

Many OTC Precious Metal Dealers have already begun to Unwind their Bullion Retail businesses.

Why was this put into law? Well, one is free to believe that is intended to protect consumers,.....or one can believe that it is to protecting what little value the U.S. Dollar has against Gold & Silver,......or one can simply look to history and believe that is to enable a faster transition to a government ban on ALL Gold and Silver. Remember, the last thing the despots do before a Country collapses is to loot the national treasury.

Add this into the equation: The CFTC pushed Congress to outlaw all Bullion that is NOT deliverable to Retail consumers within 48 hours. That would Shutdown 95% of All Retail Dealers....Overnight! No Matter how Large a Dealer maybe,... No Dealer sits on ENDLESS amounts of Inventory. The Dealer would eventually have to Order Inventory from Mints such as U.S. , Canada , Austria , South Africa or Directly through the Exchange. Nonetheless, delivery takes 3-14 days. Which does NOT complete the process, the product would still need to be shipped to the Retail Investor...

Therefore a 48 Hour Delivery Mandate is impossible, ultimately, making ALL Bullion transactions Illegal by default.

So is a Government ban on Gold And Silver coming? History has taught us, first comes Government control, then comes Government Ban/Confiscation!

Friday, August 5, 2011

Is Economic Collapse Close at Hand?

Yesterday the Stock Market took a 512 point downturn. Today will be very telling as to just how close we are to a fast slide of economic collapse.

The rest of the World's view of the U.S. economy is basically that the inmayes are running the asylum. What happens here effects the rest of the World since the U.S. dollar is depending heavily on on the dollar for it's stability and status as the World's reserve currency. Both the stability and status are close of going away. So that foundation has been rocked with the U.S. Government expanding the limit of borrowing and the resultant show of a lack of confidence from Wall Street and many other Countries. What that means to use is the potential for massive inflation and hence a depression.

Add to the fact that about 25% of personal income is coming directly from the government in the form of entitlements, such as Disability pay, Social Security, Food Stamps, Jobless Benefits which are all funded by the U.S. Government which is borrowing heavily to pay for these entitlements.

By the end of this year, many of those dollars that fund entitlements are going to disappear,..some by the expiration of these benefits and some because the lack of moeny to pay for them.

Add QE3, where the Government prints more money, which in turn devalues the existing money supply, and we have a SHTF - Economic Collapse scenario on the tipping point.

Moody Analytics predicts a weakened economy coming due to lack of job growth;.....the Labor Department predicts smaller job growth;.....continued massive foreclosures will drive more people in banckruptcy and shorten the available money supply from lenders;.....the Federal extension of jobles benefits will expire soon placing many more people desperate for a way to feed their families and pay basic bills.

The outlook is not good. If you have never kept track of all the economic and political factors that would influence a collapse, now is the time to start. It is very likely that we are at the tipping point to a rapid slide towards a depression and then a partial or total economic collapse.

I would suggest to be leaning forward. Maybe finalize your last minute preparations. Ensure you have some ready cash for the chaotic one day where it will be apparent and you may need to be prepared to procurement whatever you are not willing to procurement today.