Notes for Thursday – November 10, 2016

November 10th is remembered in the United States as the “birthday” of the U.S. Marine Corps. Coincidentally, the 10th is also the birthday of the late Mikhail Timofeyevich Kalashnikov (born in 1919, died December 23, 2013). He didn’t design a lot of different guns, but one of his few designs was the prototype for what turned out to be the world’s most widely produced assault rifles. Once an iconic symbol of international communism, the AK’s curved magazine profile has in more recent years become just a symbol of citizens being well-armed. o o o Ready Made Resources is having a …

Purchasing Power: Past, Present, Future- Part 3, by L.M.

Largest Theft in History As expected, Ms. Yellen smiled last week, announcing no change to the Fed’s extraordinary policies. For the last eight years, she has been aiding and abetting the largest theft in history. Thanks to ZIRP (zero-interest-rate policy) and QE (quantitative easing), every year, about $300 billion is transferred from largely middle-class savers to largely better-off speculators, financial asset owners, and the biggest borrowers during that period– corporations and the government. The financial press, nevertheless, finds something vaguely heroic about enabling the grandest larceny ever. Bloomberg says, “Federal Reserve Chair Janet Yellen braved mounting opposition inside and outside …

A Post-Election Prayer Request, by JWR

I was pleased to see that the American electorate rejected Hillary Clinton’s bid to become President. Had she been elected, the damage that she would have done to the nation would have been incalculable. I encourage SurvivalBlog readers of faith to pray for the incoming Trump Administration. In particular, please focus your prayers on Godly government and small, fiscally conservative government. President-Elect Trump will need sound advice from responsible, well-seasoned men and women in business and industry. I encourage him to recruit a council of wise elders to advise his administration, as unreimbursed volunteers. This council should be drawn primarily …

Economics and Investing:

War On Cash Strikes India: PM Scraps Large Bills, Limits ATM Withdrawals To “Fight Corruption” – G.G. o o o Meanwhile… as the world watched the election… this happened o o o Oil And Gas – Huge Victors Of The Presidential Election. Oil and gas are potentially huge winners of the Trump victory, but uncertainty about the geopolitical situation and Trump’s policies could sour the situation. o o o How Government Budget Deficits Make Us Poorer o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Odds ‘n Sods:

24 Percent of Eligible Voters Voted for Trump o o o How to Install a Hidden Door/Bookshelf o o o Parents Of Dead Pizza Hut Robber Are Mad That Their Son’s Victims Had A Gun. “…they don’t think defending the employees at the restaurant with a gun from an armed robber was just.” – DSV o o o Government Workers Now Outnumber Manufacturing Workers by 9,977,000 – H.L. o o o Three states OK stricter gun laws in Election Day referenda – DSV