On April 26, 1986, one of the world’s worst nuclear accidents occurred at the Chernobyl plant in the Soviet Union. An explosion and fire in the No. 4 reactor sent radioactivity into the atmosphere; at least 31 Soviets died immediately.
I often have people ask me: “Why do you stress tangibles investing, Mr. Rawles?” In my estimation, tangibles always trump intangibles. I have three primary reasons why I distrust intangibles:: First: Nearly all intangible investments are denominated in fiat currencies. Because of this there is an underlying currency inflation, revaluation, or repudiation risk. Even when buying stock in the safest, most secure and impeccably-managed company it still has some risk when the investment is denominated in Dollars. Ditto for Dollar-denominated bonds. Ditto for redeemable life insurance policies and annuities. Ditto for business investments. Ditto for money market funds. Ditto for certificates …
SurvivalBlog presents another edition of The Survivalist’s Odds ‘n Sods— a collection of news bits and pieces that are relevant to the modern survivalist and prepper from “HJL”. Big brother is watching you through your friendly spy. Guess who? The Outdoors Are Not Safe Penn State University administration has ruled that the outdoors are just too dangerous for their student body. Three clubs, the Outing Club (A wilderness camping club), the Nittany Grotto Caving Club and the Nittany Divers SCUBA Club have been determined to have too high a risk to allow students to participate in any planned outings. The …
“Never give in–never, never, never, never, in nothing great or small, large or petty, never give in except to convictions of honor and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy.” – Winston Churchill
