Day: September 2, 2022

Preparedness Notes for Friday — September 2, 2022

September 2, 1969 is the day that the first automatic teller machine (ATM) made its first public debut, dispensing cash to customers at Chemical Bank in Rockville Center, New York. While being as indispensable to most people as cell phones and e-mail, they have introduced a whole new set of issues. Consumers are faced with scams, skimmers, and robbers, and even fake ATMs have been discovered. — In place of my usual Friday Economics & Investing column,  I’m posting a guest article about the interplay of the Federal Reserve’s interest rate policy and the gold markets. — Because Front Sight …


Homemade Yogurt as Survival Food – Part 2, by N.C.

(Continued from Part 1. This concludes the article.) Cooking Tools The pot and metal bowl form a quick double boiler, it’s not strictly necessary, you could just use the pot. Using the double boiler helps keep you from burning or overheating your milk which can lead to a grainy texture. I find it very easy to keep the temperature where I need it and cleanup is easier with the double boiler setup. If you are using a rocket stove or some other live fire source of heat, the boiling water will keep a steadier heat. I use a metal bowl …


Gold Sees Light at the End of the Fed’s Tightening Tunnel, by Arkadiusz Sieroń

Editor’s Note:  This article, selected by JWR, was first published by Sunshine Profits, and is reposted with permission. — The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music. Another large interest rate hike! The Fed raised the federal funds rate by 75 basis points to 2.25-2.50%. It was the second such big move in a row, making the current tightening cycle the steepest in modern history. So, the Fed must be hawkish now, right?