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Showing posts with label James Dines. Show all posts
Showing posts with label James Dines. Show all posts

Sunday, February 12, 2012

Wealth From the Ground

UrbanSurvivalSkills.com 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”.