With all of the financial problems arounf the world, countries, state and banks carrying heavy debt, something has to give….
I have been following recent events this week of the emergency Federal Reserve meetings, the admission by Deutsche Bank of precious metals price rigging, China’s new ‘Interbank Payment System’ (CIPS), and the new gold trading market at the Shanghai Gold Exchange.
Fortunately, things are different today, what with all of the different government programs that the population can access in bad times, but still, being frugal is important….
During the Great Depression, frugality was considered a virtue and the phrase “Use it up, Wear it out and Make it do” was the guiding principal in most households.
Times were tough. This meant that everything from bits of strings to worn out clothing was saved and re-purposed in some other manner.
When our military leaders warn about a power failure, we should pay attention….
The warnings and predictions Rogers makes come from having access to the most detailed information available, and he states clearly that it is “only a matter of the when, not the if, you are going to see a nation state, a group or actor engage in destructive behavior against critical infrastructure in the United States.”
Preparing for the future bad times is very expensive, therefore, perhaps starting a small business would be helpful…also, the personal you hire could also be a part of your survival group.
Building and running a business means handling a variety of tasks and duties. Some of those duties you may enjoy and some you may not. Some of those duties you may be good at and some may frustrate you.
If there is a progressive collapse in store for 2016, learning how and what is needed for survival, at least finding out what might be on the way….
So where does this leave us, as we enter the second month of 2016? There is a fairly well-founded saying on Wall Street: “As goes January, so goes the rest of the year.” If that holds true for 2016, then our economy is in a heap of trouble. Because America’s economic problems are foundational and systemic– that is, created by the mountains of new debt that have been accumulated (both public and private) rather than just the basic business cycle–
You might want to check your local grocery stores, the shelves may seem a little less well stocked. Maybe it is time for some serious stocking up…..
What are you seeing in your immediate area? What is going on in the small grocery stores (if any are left) regarding prices and supplies of food and nondurables? Those of you with experience in retail, distribution, and trucking…what are you seeing out there? I urge you to report on what you are seeing and what is happening where you live…in rural and urban areas. All are interrelated and all are important; your comments and observations are keys to presentation of the whole picture and are both welcomed and valued.
Here is a lesson in economics most people do not have a clue about – it is real scary if the government decides to “create” inflation…..
One of the conundrums of monetary policy over the past eight years is the Federal Reserve’s failure to cause inflation. This sounds strange to most. People associate inflation with misguided monetary policy by central banks, especially the Fed.
So-called “money printing” is seen as a certain path to inflation. The Fed has printed almost $4 trillion since 2008. Yet inflation (at least as measured by official statistics) is barely noticeable. With so much money around, where’s the inflation?
I do not know how many of you out there in the internet world felt like bad things were going to happen soon after the election in 2008. Well, I did, and that is when I started preparing for what now seems bad things closing in.
Millions and millions of refuges wanting to come to America and the possibility of this President allowing that to happen – where will they be placed……
I warned against an impending water crisis in CA as it didn’t take a whole lot of brains to see the lack of conservation along with rampant building and irrigation which was taking place since the 70s, 80s, and 90s…and guess what happened.
I’m accustomed to being ignored but that’s OK as I keep my own counsel and manage to keep ahead of the curve on most things.
In any event, that guided my choice today’s content for this issue and I hope you make use of it!
The following article was posted on the 15th of August, 2015, yesterday, the 21st of August, 2015, the global stock markets melted down.
We will not just how badly economy of these nations will be impacted until the following next few weeks….if you are not prepared……
However, China and Japan are also showing signs of trouble and ultimately the bond crisis will be coming to the US’s shores.
However, it’s critical to note that crises do not unfold all at once. The Tech Bubble, for instance, which was both obvious and isolated to a single asset class, took over two years to unfold.
As terrible as the bust was, that crisis was relatively small as far as the damage. At its peak, the market capitalization of the Tech Bubble was less than $15 trillion. Moreover, it was largely isolated to stocks and no other asset classes.
World events have become so dark and are so out of control, if we are not prepared as individuals, real bad times are near. The following article is important…..
Despite constant reassurances from federal overseers, Americans are becoming increasingly aware of the economy’s frail nature.
While media pundits and analysts desperately push the failure of central planning and Keynesian economics, these five experts continue to be proven right on the dangers of reckless spending and debt.