On July 5, 1810, P. T. Barnum, the great American showman, was born. He died on April 7, 1891. He is often credited with the phrase “There is a sucker born every minute.” While the actual attribution of the quote is suspect with many versions of the story abounding, the concept remains valid, especially when one considers the economic state of the entire world. Only in a world of fools could the economy of entire nations, indeed the vast majority of the world, be driven solely off of debt.
We are continuing to look at my thesis: True independence is achieved by cultivating horizontal dependencies and avoiding vertical dependencies. We have done so through a hypothetical family’s situation– the Johnson’s– and analyzed their most basic needs, as Maslow would say. We’ve looked at the Johnson’s food, water, and shelter scenario.
Speaking of Maslow, let’s look at another critical need– security. If the Johnsons are anything like the average American Suburban dweller, they probably have a shotgun somewhere in a closet. It was probably Mr. Johnson’s dad’s or grandad’s, and it brought down many a fowl in its day. Mr. Johnson has shot it a few times and plans to teach his son how to use it. Somewhere in the garage is a box of #7 target load. The Johnsons lock their doors at night and have a great security system installed. It’s a good neighborhood with a low … Continue reading
Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Economist Peter Schiff”s predictions.
First, there is this: Gold marks lowest finish in nearly 8 weeks.
o o o
Next, some charts from Jim Wyckoff: Monday’s Charts for Gold, Silver, Platinum and Palladium, July 03 
Here are JWR‘s Recommendations of the Week for various media and tools of interest to SurvivalBlog readers. This week’s emphasis is on the documentary film The Red Pill.
From The Shepherd’s Purse. (One of the very best books on herbal medicine.)
Movies (The Red Pill):
The Red Pill. A fascinating documentary by a liberal feminist who went through an anti-feminist epiphany during the filming. Also available through Amazon Prime. HJL had these comments on the film: “It is nearly two hours long, but it is time well spent. For those who are also not familiar with it, the documentary is put together by a journalist who calls herself a feminist and is well know for covering feminist issues. But she approaches it in an honest frame of mind and includes many clips from her year-long video blog of her … Continue reading
“How dreadful are the curses which Mohammedanism lays on its votaries! Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy. The effects are apparent in many countries. Improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live. A degraded sensualism deprives this life of its grace and refinement; the next of its dignity and sanctity. The fact that in Mohammedan law every woman must belong to some man as his absolute property – either as a child, a wife, or a concubine – must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men. Thousands become the brave and loyal soldiers of the faith: all know how to die but the influence of … Continue reading