Yet another prominent Financial Analyst predicting a collapse.
Porter Stansberry, just over 10 years ago, founded Stansberry & Associates Investment Research. It has become one of the largest and most recognized investment research companies in the world, serving hundreds of thousands of subscribers in more than 120 countries.
You may have heard of it due to the work they did over the last several years – helping investors avoid the big disasters associated with Wall Street's collapse.
Stansberry warned investors to avoid Fannie and Freddie, Bear Stearns, Lehman Brothers and General Motors and dozens of other companies that have since collapsed. They helped their clients and newsletter subscribers find opportunities to profit from these moves by shorting stocks and buying put options. Stansberry Associates credit themselves having an unmatched record of correctly predicting the catastrophe that occurred in 2008.
Stansberry says this looming crisis is related to the financial crisis of 2008... but it is infinitely more dangerous, which could actually bring our country and our way of life to a grinding halt. He fully expects as the dollar to collapse, first discounted, then refused to be accepted then collapsing. Stansberry also expects there to be riots in the streets... arrests on an unprecedented scale... and martial law, enforced by the U.S. military as this crisis will threaten our very way of life.
The savings of millions will be wiped out. This disaster will change your business and your work. It will dramatically affect your savings accounts, investments, and retirement. It will change everything about your normal way of life: where you vacation... where you send you kids or grandkids to school... how and where you shop... the way you protect your family and home.
Watch the video below and go to the following website to read the full text of his letter advertising his newsletter which would be a god idea to receive if you want to stay on top of the economic indicators that will precede a collapse.
http://www.stansberryresearch.com/pro/1011PSIENDVD/WPSILC13/PR
Monday, January 3, 2011
Saturday, January 1, 2011
Urban Survival Planning - Dental Care Planning
How many people are thinking about dental care either emergency or long term care in an environment where dentists may not be available? Do you have years worth of toothpaste, dental floss and new toothbrushes stockpiled?
I broke a tooth last week which got me thinking about unilateral dental care. Obviously prevention is key. In a post collapse world processed foods, fast foods and all the normal foods we see today laden with sugar will most likely not be available which will be actually good for our bodies and better for the health of our teeth.
I have personal hygiene kits vacuum packed in our Bug Out Bags,....soap, tooth brush, toothpaste, dental floss but am only now starting to stock more dental care items in my base station medical kits. I have a old complete set of military dental tools consisting of various picks, mirrors, dental spatulas and tooth extractors.
Survivor planners beginning a dental kit can find dental tools at the following sites:
http://www.duluthtrading.com/
http://www.surgicalsindia.com/
The Survival Group needs to plan on dental care well into a collapse, which, worst case, no routine dental care nor material and supplies will be available.
One thing you probably already stock in your medical supplies is hydrogen peroxide. And you may have had the foresight to stock baking soda in your stored long term food supplies. If so, you can make field expedient tooth paste by mixing 1 tablespoon of Baking Soda with one-quarter Tablespoon of Hydrogen peroxide. While not necessary, you could also add a drop of lemon juice or oil or cinnamon to add flavor.
Some other dental supplies and material you should think abut adding to your survival kit are dental cement and adhesives.
Dentemp One Step Dental Cement is available at Walgreens or Wal-Mart . Lost crowns as can either reapplied, once cleaned, or replaced using dental cement. Same for lost fillings. These will not be permanent but can last awhile if you are careful then re-done.
It may be necessary to pull a tooth - hence the necessary tooth extractors in your dental kit. You would probably be doing this without anesthesia. I got fortunate to pull a man's bottom molar without anesthesia (in Africa) and he actually thanked me for it. Maybe this is an excuse to stock some decent whiskey. Use your own judgment.
A couple of other possible problems are infections or abscesses occurring in the gum line. Competent medical treatment using anti-biotics is the preferred course of action, but if you don't have any other recourse, warm salt water (1 Teaspoon of salt in 6 ounces of water) will help and ease the pain, and may help to draw the infection or pus out of the gum tissue.
So, get any needed dental care done now and start planning and preparing for dental care and treatment in a degraded environment.
I broke a tooth last week which got me thinking about unilateral dental care. Obviously prevention is key. In a post collapse world processed foods, fast foods and all the normal foods we see today laden with sugar will most likely not be available which will be actually good for our bodies and better for the health of our teeth.
I have personal hygiene kits vacuum packed in our Bug Out Bags,....soap, tooth brush, toothpaste, dental floss but am only now starting to stock more dental care items in my base station medical kits. I have a old complete set of military dental tools consisting of various picks, mirrors, dental spatulas and tooth extractors.
Survivor planners beginning a dental kit can find dental tools at the following sites:
http://www.duluthtrading.com/
http://www.surgicalsindia.com/
The Survival Group needs to plan on dental care well into a collapse, which, worst case, no routine dental care nor material and supplies will be available.
One thing you probably already stock in your medical supplies is hydrogen peroxide. And you may have had the foresight to stock baking soda in your stored long term food supplies. If so, you can make field expedient tooth paste by mixing 1 tablespoon of Baking Soda with one-quarter Tablespoon of Hydrogen peroxide. While not necessary, you could also add a drop of lemon juice or oil or cinnamon to add flavor.
Some other dental supplies and material you should think abut adding to your survival kit are dental cement and adhesives.
Dentemp One Step Dental Cement is available at Walgreens or Wal-Mart . Lost crowns as can either reapplied, once cleaned, or replaced using dental cement. Same for lost fillings. These will not be permanent but can last awhile if you are careful then re-done.
It may be necessary to pull a tooth - hence the necessary tooth extractors in your dental kit. You would probably be doing this without anesthesia. I got fortunate to pull a man's bottom molar without anesthesia (in Africa) and he actually thanked me for it. Maybe this is an excuse to stock some decent whiskey. Use your own judgment.
A couple of other possible problems are infections or abscesses occurring in the gum line. Competent medical treatment using anti-biotics is the preferred course of action, but if you don't have any other recourse, warm salt water (1 Teaspoon of salt in 6 ounces of water) will help and ease the pain, and may help to draw the infection or pus out of the gum tissue.
So, get any needed dental care done now and start planning and preparing for dental care and treatment in a degraded environment.
Thursday, December 30, 2010
Economic Indicators Point Towards a Collapse
Recent economic reports are out spelling bad things to come in the future. Combined with the predictions of other prominent financial forecasters the future appears grim.
The gap between the rich and the middle class is larger than it has ever been due to the bursting of the housing bubble. The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute, a liberal think tank. That's up from the previous record of 190 times greater, which was set in 2004. We feel the Middle Class will soon be divided with the vast majority of these people/households becoming part of the “have nots” group.
The widening gap came even as wealthy households' average net worth tumbled 27% -- to about $14 million -- between 2007 to 2009. That's the first time that they suffered a decline since the three-year period of 1992 to 1995. Meanwhile, the average family's net worth plunged 41% -- to just $62,200 -- from 2007 to 2009, according to EPI's calculations.
"The typical person lost more because a bigger percentage of their wealth in 2007 had been the value of their home," said Heidi Shierholz, an economist with EPI. The poorest U.S. households have had a negative net worth in every reading dating back to 1962, meaning that their debts and other liabilities outweigh their assets. They fell deeper into a hole the last two years, with their net worth falling to negative $27,000 on average, or nearly twice as much as they owed two years earlier.
Net worth is a measure of a family's total assets, including real estate, bank balances, stock holdings and retirement funds, minus all of their liabilities, such as mortgages and other consumer debt. The EPI estimate uses figures from the Federal Reserve's survey of consumer finances for 2007 estimates, and the Fed's flow of funds report on household wealth for the more recent reading.
In another report, more U.S. banks are in danger of failing, even after receiving aid from the federal government, The Wall Street Journal reported Sunday. The economy has done little to improve the financial conditions of many struggling institutions, leaving 98 bailed-out banks without the capital to lift themselves out of the at-risk category, according to the Journal. That's a 15% increase from the second quarter, when 86 of the banks that had received funds from the Troubled Asset Relief Program, or TARP, were considered at risk.
Taxpayers have spent more than $2.7 billion in TARP funds on seven banks that nonetheless already have failed, while the 98 at-risk banks have together received more than $4.2 billion, the Journal reported. A Government Accountability Office report in October said that many of the failed banks should have been red flagged for their already precarious financial position during the application process.
About 10% of the country's 7,760 banks are undercapitalized, up from about 9% during the second quarter, a Federal Deposit Insurance Corp. spokesman told the Journal. Last month, a report released by the Congressional Budget Office forecast that TARP will end up costing taxpayers about $25 billion, down from the $50 billion estimated in October.
Gold and Silver are up and continue to climb; the strngnth of the dollar is down. Commodities continue their escalation in price. All facts and figures point to very bad times ahead. Be prepared. And it starts with a plan.
The gap between the rich and the middle class is larger than it has ever been due to the bursting of the housing bubble. The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute, a liberal think tank. That's up from the previous record of 190 times greater, which was set in 2004. We feel the Middle Class will soon be divided with the vast majority of these people/households becoming part of the “have nots” group.
The widening gap came even as wealthy households' average net worth tumbled 27% -- to about $14 million -- between 2007 to 2009. That's the first time that they suffered a decline since the three-year period of 1992 to 1995. Meanwhile, the average family's net worth plunged 41% -- to just $62,200 -- from 2007 to 2009, according to EPI's calculations.
"The typical person lost more because a bigger percentage of their wealth in 2007 had been the value of their home," said Heidi Shierholz, an economist with EPI. The poorest U.S. households have had a negative net worth in every reading dating back to 1962, meaning that their debts and other liabilities outweigh their assets. They fell deeper into a hole the last two years, with their net worth falling to negative $27,000 on average, or nearly twice as much as they owed two years earlier.
Net worth is a measure of a family's total assets, including real estate, bank balances, stock holdings and retirement funds, minus all of their liabilities, such as mortgages and other consumer debt. The EPI estimate uses figures from the Federal Reserve's survey of consumer finances for 2007 estimates, and the Fed's flow of funds report on household wealth for the more recent reading.
In another report, more U.S. banks are in danger of failing, even after receiving aid from the federal government, The Wall Street Journal reported Sunday. The economy has done little to improve the financial conditions of many struggling institutions, leaving 98 bailed-out banks without the capital to lift themselves out of the at-risk category, according to the Journal. That's a 15% increase from the second quarter, when 86 of the banks that had received funds from the Troubled Asset Relief Program, or TARP, were considered at risk.
Taxpayers have spent more than $2.7 billion in TARP funds on seven banks that nonetheless already have failed, while the 98 at-risk banks have together received more than $4.2 billion, the Journal reported. A Government Accountability Office report in October said that many of the failed banks should have been red flagged for their already precarious financial position during the application process.
About 10% of the country's 7,760 banks are undercapitalized, up from about 9% during the second quarter, a Federal Deposit Insurance Corp. spokesman told the Journal. Last month, a report released by the Congressional Budget Office forecast that TARP will end up costing taxpayers about $25 billion, down from the $50 billion estimated in October.
Gold and Silver are up and continue to climb; the strngnth of the dollar is down. Commodities continue their escalation in price. All facts and figures point to very bad times ahead. Be prepared. And it starts with a plan.
Tuesday, December 28, 2010
More Than One Type Of "Unintended Consequence"
"Unintended Consequences" - starts off with a history lesson on gun rights and laws but rapidly sets the story of unimpeded Government intrusion and regulation, and the resulting trampling on constitutional civil rights. The book ends with the major subjects taking matters into their own hands and dealing with government agencies who has, not at the agency level but at lower individual levels, violated individual rights. The actions of some stimulate and inspire others to do the same, so the U.S. Government has a case of sporadic and small violent revolt and direct action against an intrusive government's draconian regulation and civil rights violations. All of the violence in the book is directed against "rogue" employees of these government agencies, and a legislator or two, who more than just energetically enforcing "the letter of the law".
This book is out of print and commands substantial prices if you can find one. I am not a conspiracy buff and I do have routine conversations (read arguments) with people who think the U.S. government is a lot smarter than it really is, and often gets away with a lot of "covert" actions and conspiracies. I just don't believe in the vast majority of suspected government conspiracies. However, I personally think it is in the U.S. Government's best interests to have the book "Unintended Consequences" unavailable and I have wondered why it is no longer in print. Other than sending government employees out to buy up all the copies, I just don't see how it could be done.
This book serves to highlight what is possible, even probable, when the government in a wholesale manner tramples on individuals rights. I liked it simply because the underdog wins and in doing so exhibits some pretty crafty tradecraft. The technical writing about history and firearms is a bonus.
Kind of reminds me of a recent e-mail where the sender writes that over 600,000 hunters took to the woods in Michigan this year,...over 700,000 in Pennslyvania,....600,000 in Florida - and these are just a couple of states. The sender wrote that the U.S. has the largest un-organized milita and that is why not only foreign countries could never take over the U.S., a la a "Red Dawn" scenario, but also why U.S. Government martial law would never be accepted.
We have a history in this country of a separation of Law Enforcement and Military. The military, through U.S. Code 18, Section 1385, also known as "Posse Comitatus", has no authority or law enforcment powers in this country. With one exception,..the Insurrection Act,.....
The Insurrection Act of 1807 governs the U.S. President's ability to use Federal troops to put down lawlessness, insurrection and rebellion within the United States. The laws are contained in U.S. Code 10, Sections 331 to 335. I'll bet most of you did not know the changes in 2006 and 2007 by Congress to this law.
The amended Insurrection Acts now reads:
(1) The President may employ the armed forces, including the National Guard in Federal service, to--
(A) restore public order and enforce the laws of the United States when, as a result of a natural disaster, epidemic, or other serious public health emergency, terrorist attack or incident, or other condition in any State or possession of the United States, the President determines that--
(i) domestic violence has occurred to such an extent that the constituted authorities of the State or possession are incapable of maintaining public order; and
(ii) such violence results in a condition described in paragraph (2); or
(B) suppress, in a State, any insurrection, domestic violence, unlawful combination, or conspiracy if such insurrection, violation, combination, or conspiracy results in a condition described in paragraph (2).
(2) A condition described in this paragraph is a condition that--
(A) so hinders the execution of the laws of a State or possession, as applicable, and of the United States within that State or possession, that any part or class of its people is deprived of a right, privilege, immunity, or protection named in the Constitution and secured by law, and the constituted authorities of that State or possession are unable, fail, or refuse to protect that right, privilege, or immunity, or to give that protection; or
(B) opposes or obstructs the execution of the laws of the United States or impedes the course of justice under those laws.
A little known fact, is that when the State of Louisiana was hem hawing about asking for Federal help in the wake of Katrina,...many members of the U.S. Government were trying to get then President Bush to declare an insurrection in New Orleans in order to send in the U.S Army with law enforcement powers.......Bush did eventually send the military, but they did not have law enforcement powers - - - thank God, as that would have set an ugly precedent.
I don't know,.....I'm still not a conspiracy buff,.......I still think the only way to change unfair regulation and inefficient representation is through the ballot box,.....but I would still encourage people to read "Unintended Consequences", by John Ross.
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