Day: May 17, 2024

Preparedness Notes for Friday — May 17, 2024

On May 17, 1897, the first successful submarine that could run submerged for any considerable distance and combined electric and gasoline engines (USS Holland, SS-1) was launched in the US by its designer John Philip Holland. — On this day in 1769, George Washington launched a legislative salvo at Great Britain’s fiscal and judicial attempts to maintain its control over the American colonies. He brought a package of non-importation resolutions, drafted by George Mason, before the Virginia House of Burgesses. This initiated a chain of events that led to Britain’s House of Lords demanding that men involved in the extra-legal …


Silver During a Debt Crisis and Monetary Reset, by Hubert Moolman

The 1944 Bretton Woods agreement established a new international monetary order after significant international events. The creation of the Federal Reserve Bank and the so-called Second World War were among the most important events and actions that contributed to bringing the world to a situation where a new international order was required and possible due to excessive debt levels. The world was in a vulnerable condition, and therefore some key nations could force upon it a new monetary order—one that was not in the best interest of the majority but of those few of a special ownership class. Below is …


Economics & Investing For Preppers

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at some moves in commodities markets. (See the Commodities section.) Precious Metals: China and India seem to be driving the precious metals markets this year, with some consistently strong buying.  I’m sure that this dynamic is frustrating the institutional short sellers, here in the United States.  Silver and gold both saw nice spot …