UrbanSurvivalSkills.com received the following question from Jeff in New Jersey:
"Reference to your post Urban Survival - The Coming Economic Collapse Report June 2010,....So what are you saying here? Buy Gold? How much is enough?"
UrbanMan reply: While I am no economist, I do try to make sense out of all the financial indicators out there. Talk of a double dip recession is all over the place. Some people think that Gold make hit $10,000 an ounce. Central banks have reportedly bought more gold last year (425 tons) than at any other time since 1964.
Gold production is no higher now than it was a decade ago and has fallen somewhat in 5 of the past 8 years.
We believe in planning and preparation across all likely scenarios. It is very likely that we'll hit a recession and inflation will be the result, making your money buy less and Gold buy more. If it is bad enough, fiat currency, you know those dollar bills in your pocket? may not be taken in trade. We want to be prepared for that But we are primarily holding Gold and Silver in preparation for a total collapse of our society, be it through a economic crisis, natural mega-disaster(s), nuclear or dirty bomb strike or pandemic disease.
How much is enough? Obviously your personal finances and desire level of preparation will dictate how much you can buy. To tell you the truth, I have very little gold. I have most of my precious metals (PM's) in Silver, both bullion in the form of one ounce rounds and U.S. coins for silver melt value.
I look for the government to try and confiscate gold and silver bullion once again. In the mean time as I finish off with my priority list of Urban Survival Tasks and preparation measures, I'll get around to buying for silver,..maybe some gold if I can afford it. I can afford to concentrate on other Survival Tasks right now, as I have a decent amount of Silver put away, but if you haven't started procuring Gold or Silver yet, then you really need to consider doing so. Even a small amount a month, like purchasing a couple Silver Rounds every pay period would be a start. That's what we started Jim (from Survival Chronicles of Jim) doing and he reports a substantial peace of mind even with the small amount he has.
Stay Safe, Stay Prepared.
Showing posts with label Economic Crisis. Show all posts
Showing posts with label Economic Crisis. Show all posts
Sunday, June 20, 2010
Wednesday, March 24, 2010
Economic Collapse Looming?
Many bright minds in the Nation believe that we are heading for an economic collapse. Are you prepared for this? Are you stocking food for when the inflated price will be too much to pay even if it available? Do you have a safe location and you can go to? Can you defend yourself and your family?
Fox News Poll says 79% think Economic Collapse Possible! Pieces of the Fox News Poll article are below along with a dynamic video depicting a collapse of the dollar.
By Andrew Zarowny
A new poll by Fox News and Opinion Dynamics shows that 79% of registered voters believe that an economic collapse is still possible. 84% of Republicans, 80% of Independents and 71% of Democrats all agree that the worst may not be over. Only 18% still cling to the White House position that a collapse cannot happen. 65% think that the National Debt is more of a threat now than terrorism. Only 35% think Obama has a plan to fix the economy, down from 42% last July. For Congress, the numbers are even worse. Only 24% think the Democrats have a clear plan and only 16% think Republicans have a solution.
After a recent appearance on Greek TV, my favorite financial analyst, Max Keiser, now a front runner for president, if he chose to run, if he were Greek! 97% of Greeks polled want Keiser to either be their next leader or, at least, Finance Minister. Keiser has appeared several times recently on Greek TV or radio programs since their financial scandals began. Each time, he always begins with, “How many bankers has your government arrested today?” Max is seen as somebody who actually knows what he’s talking about. Greece , and Spain , have begun investigations on an international level using their intelligence units. Germany is also moving in that direction to learn who and how hedge funds and derivatives trading is being executed. Ireland apparently is listening to Keiser. They’ve just arrested a banker! YAY!!!
I would like to be optimistic that November will bring about the changes needed to put the country back on the right track. But the ruthless side of me sees only destruction and ruin as Republicans bungle their opportunities once again. Frankly, I would not have bet that so many polled would have answered about an economic collapse being still possible. I would have guessed maybe 25-35%, certainly not 79%! Yes, folks, there’s trouble in River City . With a capital ‘T’ that stands for Taxes. They will be going up, especially now with health care passed and certainly more to follow after Obama’s debt commission reports, conveniently AFTER the November elections. Can you say ‘Value Added Tax’?
Fox News Poll says 79% think Economic Collapse Possible! Pieces of the Fox News Poll article are below along with a dynamic video depicting a collapse of the dollar.
By Andrew Zarowny
A new poll by Fox News and Opinion Dynamics shows that 79% of registered voters believe that an economic collapse is still possible. 84% of Republicans, 80% of Independents and 71% of Democrats all agree that the worst may not be over. Only 18% still cling to the White House position that a collapse cannot happen. 65% think that the National Debt is more of a threat now than terrorism. Only 35% think Obama has a plan to fix the economy, down from 42% last July. For Congress, the numbers are even worse. Only 24% think the Democrats have a clear plan and only 16% think Republicans have a solution.
After a recent appearance on Greek TV, my favorite financial analyst, Max Keiser, now a front runner for president, if he chose to run, if he were Greek! 97% of Greeks polled want Keiser to either be their next leader or, at least, Finance Minister. Keiser has appeared several times recently on Greek TV or radio programs since their financial scandals began. Each time, he always begins with, “How many bankers has your government arrested today?” Max is seen as somebody who actually knows what he’s talking about. Greece , and Spain , have begun investigations on an international level using their intelligence units. Germany is also moving in that direction to learn who and how hedge funds and derivatives trading is being executed. Ireland apparently is listening to Keiser. They’ve just arrested a banker! YAY!!!
I would like to be optimistic that November will bring about the changes needed to put the country back on the right track. But the ruthless side of me sees only destruction and ruin as Republicans bungle their opportunities once again. Frankly, I would not have bet that so many polled would have answered about an economic collapse being still possible. I would have guessed maybe 25-35%, certainly not 79%! Yes, folks, there’s trouble in River City . With a capital ‘T’ that stands for Taxes. They will be going up, especially now with health care passed and certainly more to follow after Obama’s debt commission reports, conveniently AFTER the November elections. Can you say ‘Value Added Tax’?
Wednesday, January 20, 2010
Urban Survival Skills - Threat Wargaming
The easiest way to describe Wargaming is that it is the process of thinking about “what if”. As an exercise, sit down in a quiet place and think about likely events that would challenge you and your family’s survival.
An example: Unemployment rises to 20%; Inflation continues to rise about 2% a week decreasing the purchasing power of your paycheck; Fuel prices shoot up to around $5.00 a gallon causing truck delivered commodities such as food and staples to double in price; Lay offs have a negative effect on production further effecting availability. Personal bankruptcies sky rocket; Foreclosures double, even triple and are brought home by several vacant homes in your neighborhood. You start having people knocking on your door telling you they’ll work for food or just plain asking to be fed. Your vehicle’s windows are broken probably by someone looking for something valuable to pawn or trade.
What do you do? Are you going to wait for it to get better? Is there a point where you quit work or take an unpaid leave of absence and move in with relatives at a less threatening location? Will you even have enough fuel in your vehicle to get someplace? Do you have the means to protect you and your family? What about food?
Add the utilities grid crashing and either no water pressure or unsafe water (because the treatment plants had to shut down) to the overall situation and now you have real problems.
Add hungry people banding together in groups,….or shall we say “mobs” moving systemically through neighborhoods to locate resources and take from those they can. Again what are you going to do? What can’t you do because you are either un-equipped, un-trained and un-prepared?
Summary:
An example: Unemployment rises to 20%; Inflation continues to rise about 2% a week decreasing the purchasing power of your paycheck; Fuel prices shoot up to around $5.00 a gallon causing truck delivered commodities such as food and staples to double in price; Lay offs have a negative effect on production further effecting availability. Personal bankruptcies sky rocket; Foreclosures double, even triple and are brought home by several vacant homes in your neighborhood. You start having people knocking on your door telling you they’ll work for food or just plain asking to be fed. Your vehicle’s windows are broken probably by someone looking for something valuable to pawn or trade.
What do you do? Are you going to wait for it to get better? Is there a point where you quit work or take an unpaid leave of absence and move in with relatives at a less threatening location? Will you even have enough fuel in your vehicle to get someplace? Do you have the means to protect you and your family? What about food?
Add the utilities grid crashing and either no water pressure or unsafe water (because the treatment plants had to shut down) to the overall situation and now you have real problems.
Add hungry people banding together in groups,….or shall we say “mobs” moving systemically through neighborhoods to locate resources and take from those they can. Again what are you going to do? What can’t you do because you are either un-equipped, un-trained and un-prepared?
Summary:
- Wargaming is just the process of “what if’ing situations”.
- Develop what you think may happen, the consequences of this event and what it may mean to you and your family’s survival.
- Wargame to what is most likely to happen and what is most dangerous to your family’s existence.
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