Survival Planning - Dollar Collapse Will Shock the World

Today King World News interviewed James Turk out of Spain and Turk issued the following warning regarding the US dollar, “I am looking at the weekly chart for the last 2 1/2 years and my conclusion is that the dollar is forming a massive top. If we stop to consider that gold was rising while the dollar was basically going sideways during this period of time, imagine how rapidly gold will rise when the dollar starts falling.”

Turk continues: “What I’m watching here very carefully is how the dollar is reacting to events in the Middle-East and higher commodity prices. Brent crude is presently $115 and that is signaling higher inflation. It’s a signal that everybody around the world is watching. So watch the dollar index closely. It broke below 77 and the chart is starting to look heavy. UrbanSurvivalSkills.com remark: The chart below from Bloomberg.com depicts the falling value of the dollar, and trends from the part five years, based on the dollars relative value compared to other main currencies.

"The dollar isn’t bouncing and it now appears the dollar is ready to fall off of the edge of a cliff. The dollar collapse is going to be the next big story. If I am right and the dollar really starts to dive, the implications are global in nature and I truly believe this event will shock the world."

When asked about gold Turk responded, “To me the most important thing is this huge base that we now have in gold under $1,400. I see it as a major launching pad that could easily take gold to my $1,800 target for this year. UrbanSurvivalSkills.com remark: Other analysts say Gold will climb well in the $2,000 a ounce range and not come down.

When asked about silver specifically Turk stated, “I think the major message in silver is that every dip is well bid for. The shorts and other big players may gun for stops from time to time, but they can’t change the underlying trend, or the very bullish fundamental picture.

When the gold and silver markets start becoming disorderly, then we will know the metals are going to take a breather. But everything at the moment says we should be focusing on higher prices for both gold and silver.” UrbanSurvivalSkills.com remark: Better get some Gold or Silver while youstill can. Remember OPSEC. Use mail order and delivery to your house as a last resort.

71 to 74 is seen as the last support if the dollar heads lower. If that support fails and the dollar breaks 71, then a waterfall decline with panic selling could come into play. Turk is right, that event would shock the world. UrbanSurvivalSkills.com remark: The US Dollar will be worth nothing as major currency holders overseas, which account for a significant percentage of US Dollars, will sell all dollars. Gold (and silver) will skyrocket. Fuel will go through the roof and food prices will greatly increase as will all commodities. Get Prepared Now.

Winchester 223 Remington Warning and Recall

PRODUCT WARNING AND RECALL NOTICE on WINCHESTER® RANGER® LAW ENFORCEMENT 223 Remington 64 Grain Power-Point®, dated March 1, 2011

Olin Corporation, through its Winchester Division, is recalling six (6) lots of its RANGER® 223 Remington 64 Grain Power-Point® (PP) centerfire rifle ammunition (Symbol Number RA223R2).

Lot Numbers (last four characters): DK01, DK11, DK21, DK31, DK41, and DK51

Through extensive evaluation Winchester has determined the above lots of RANGER® Law Enforcement ammunition may contain incorrect propellant. Incorrect propellant in this ammunition may cause firearm damage, rendering the firearm inoperable, and subject the shooter or bystanders to a risk of serious personal injury when fired.

DO NOT USE WINCHESTER® RANGER® 223 REMINGTON 64 GRAIN POWER-POINT® AMMUNITION THAT HAS A LOT NUMBER ENDING IN DK01, DK11, DK21, DK31, DK41 or DK51. The ammunition Lot Number is ink stamped inside the right tuck flap of the 20-round carton, as indicated here:

To determine if your ammunition is subject to this notice, review the Lot Number. If the last four characters of the Lot Number are DK01, DK11, DK21, DK31, DK41 or DK51 immediately discontinue use and contact Winchester toll-free at 866-423-5224 to arrange for replacement ammunition and free UPS pick-up of the recalled ammunition.

This notice applies only to RANGER® 223 Remington 64 Grain Power-Point® centerfire rifle ammunition with lot numbers ending in DK01, DK11, DK21, DK31, DK41, and DK51. Other Symbol Numbers or Lot Numbers are not subject to this recall.

If you have any questions concerning this RANGER® Law Enforcement ammunition recall please call toll-free 866-423-5224, write to Winchester (600 Powder Mill Road, East Alton, IL 62024 Attn: RA223R2 Recall), or visit our website at www.winchester.com.

Breaking Survival Preparation News - Utah Considers Return to Gold, Silver Coins

Utah Considers Return to Gold, Silver Coins, March 4, late breaking news from FoxNews.com


UrbanMan's comment: Can you imagine this? Even this news, just breaking, should raise the price of gold.

Utah took its first major step Friday toward bringing the gold standard back to the U.S. when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.

The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.

The legislation now heads to the state Senate where a vote is expected next week.

Under the bill, the coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.

If the bill passes, Utah would become the first of 13 states that have proposed similar measures. The others states are Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont and Washington.

The U.S. used the gold standard from 1873 until 1933, when President Franklin D. Roosevelt outlawed the private ownership of gold amid the Great Depression. President Richard Nixon abandoned the gold standard altogether when he announced in 1971 that the U.S. would no longer convert dollars to gold at a fixed value.

Critics of the gold standard say it limits countries' control over its monetary policy and leaves them vulnerable to financial shocks, such as the Great Depression. But supporters argue that the current financial system's dependence on the Federal Reserve exposes the value of U.S. money to the risk of runaway inflation.

UrbanMan's comment: I think it really remains to be seen how this affects us in prepping other than most probably raising the price of Gold and therefore Silver. What I do know is that I won't be the guy without any previous metals. In the meantime our advice, from when Gold was $900 an ounce, is still the same,....buy it while you can. Don't wait for the price to dip, although it may dip for a sort period, but will most certainly go up and up as the dollar falls.

Survival Planning - Gold Confiscation Possible?

UrbanSurvivalSkills.com received this analysis from one of our financial advisors on what he thinks is likely to happen this calendar year:

There is much talk on the internet about possible Gold confiscation by the U.S. Government. A series of factors will influence this: the devaluation of the U.S. Dollar due to excessive printing of this fiat currency in a misguided attempt to increase the monetary supply and supposedly the economy; the ever increasing debt of the U.S. Government; the International Monetary Fund (IMF), France and China (among other countries) working to remove the U.S. Dollar as the World’s currency; and, the fact that oil commerce today is accomplished using the U.S. Dollar as the mean trading unit. Once the Dollar is not longer the World’s reserve currency, the U.S. will not be able to purchase crude oil at the prices we are seeing today.

Other factors may be what the new world’s reserved currency will look like. Will it be the Chinese Yuan or a conglomeration or mix of many different currencies? Will the new world’s reserve currency be forced to hold physical assets, such as gold, in a sort of escrow to ensure it’s credibility and ability to hold value? Will any new U.S. currency be linked to gold?

There is good theory out there that predicts that once gold hit’s a certain value per ounce, say $2,000, then the U.S. Government will move quick to avert full fledged slide of the U.S. dollar by requiring an exchange of privately held gold for U.S. currency, albeit at a rate they determine, Enforcement measures have already been put in place with Obamacare’s new 1099 form requirements which mandate gold/silver vendors to place all precious metals transactions over $600 on an 1099 form.

Additionally, confiscation implementation will probably also come from confiscatory taxes. High taxes, 80% to 90% on any profit from precious metals will discourage investment and holding of PM’s.

So what am I saying?

One – Inflation is going to hit and be severe; all commodities will increase in price and decrease in availability.

Two – Congress will be half stepping to avert forfeiture of the U.S. gov’t on the debt and the U.S. Dollar from being removed as the world’s reserve currency.

Three – Gas will hit $5 without the U.S. Dollar being removed as the world’s currency; $7 a gallon is the IMF and China get their way.

Four – Gold will hit near $2,000 an ounce and the U.S. Government will be forced to secure or confiscate Gold to avert a total disaster and will set the new gold price, relative to the existing U.S. Dollar or a new currency, around the $250 per ounce mark.

Five –Ensure you have silver is your survival planning; silver is much more harder to confiscate however see the part of 1099’s!

Six – If you have precious metal assets you should think about not having them if someone from the Government comes to your door.

This is the Counter Confiscation Argument:



What UrbanMan thinks: I think Gold and Silver will continue to climb. I think the U.S. Dollar will continue to plummet and prices for commodities will rise, particular fuel - this will skyrocket. When this gets to the tipping point, the economy will tank. The USG will not confiscate Gold. They may heavily tax gold and bar future private ownership, but will not confiscate gold. The USG may interview people, reference to tax code from 1099's on Gold and other PM acquisitions on abeyance in reporting. But don't look for confiscation. Even then, be prepared for all threats.