There is approximately $17 trillion sitting in retirement accounts, 401ks, and pensions. Sources of liquidity of such magnitude are certainly at risk in the face of the upcoming financial crisis. The U.S. government, its central bank, and its entire financial and banking system are about to face a massive shortfall for cash.
In 2008 the bailout required via TARP was $700 billion, and estimates of backdoor easing and bailouts are in the tens of trillions, or more, not to mention the confirmed and admitted trillions in Federal Reserve off balance sheet transactions. This time the bubble is many multiples bigger, deeper, and broader. The derivative time bomb fuse has been lit. In fact, one very informed friend of mine believes there is $5 trillion per week in backdoor derivative “papering over” taking place right now.
We have seen bail-ins across the globe and warned clients and friends that they … Continue reading
August proved to be an eye opening experience regarding “Big Brother” and the banking system. We recently sold our home in a large metro area to move to our own redoubt in an adjacent county. During the underwriting process for a mortgage, the banker asked which bank has the money we identified as savings? Our savings was in physical cash, however, the bank underwriters won’t accept this when applying for a mortgage. The mortgage originator instructed us to get the money in our checking account. We proceeded to deposit cash every few days for a month. A couple of months go by and a letter arrives from our bank of 31 years telling us after a review from their “compliance department” they are closing our accounts. Apparently, depositing our savings into the bank triggered some algorithm that identified us as money launderers or drug dealers. No call from the … Continue reading
Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainseville Coins where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers.
What Did Gold Do in August?
Every August, most of Europe is off on summer vacation, as are a good number of Wall St traders. With far fewer trades per day, liquidity suffers. Orders that normally would not be big enough to move gold prices have a larger effect when fewer traders are participating.
And so the case was for gold in August. It started the month at a three-week high, jumping over $10 an ounce to trade in a range between $1350 and $1360. On August 5th, the non-farm payrolls report came in much better than anticipated. This raised the odds … Continue reading
We only use our bank for a checking account to funnel our paychecks through and to pay bills. If banks go to negative interest rates or start confiscating accounts to cover their liabilities, what are we to do? Are we to switch to check cashing services and to money orders to pay bills? I am not seeing this addressed anywhere.
HJL Comments: Right now, the negative interest rates mostly affect interbank deposits. However, many have already seen the effects of fees, which make your bank account essentially a negative interest bearing account. If your monthly fee for having an account is ten dollars and the bank is only paying 0.1% interest on it, how much do you have to have in the account just to pay for the storage of that money and/or the use of the account? While using a debit card is a convenience, it allows the … Continue reading
What Needs To Be Done?
There are numerous books available to assist people who have begun to prepare themselves for the coming catastrophe. Indeed, prepping has become an “industry” in some respects, as many have come to the realization that the government will not be able to step in and solve everyone’s problems in the face of a true national disaster. Just ask the folks in New Orleans who suffered through the comparatively short-term disaster of Hurricane Katrina. At the end of this article, I will provide a brief and rather incomplete bibliography of some of the publications that I have found most helpful.
What follows is a brief outline of things that pastors and congregations can do to help each other prepare for the likely coming disaster.
Every individual family in the congregation needs to prepare for their own survival:
This is not the time to become a Lutheran … Continue reading
The last section of this article had me in stitches; the writer really knows his stuff. I could picture his ex-wife, the same as many people I know going through what he described. I myself am not as self sufficient as I should be, but I have a good start and understand the sacrifice and learning one must make to get there. Because I do know people who have made snarky remarks about my “life style” and because I do have many people that think because I now live on 14 acres, I can provide for all, I have decided that the next time I hear that infernal statement of “I’ll just go to your place when it hits the fan”, I will simply thank them profusely and give them a pre-prepared list of things that they must bring when they are on their way to my place, a … Continue reading
What Would This Mean For Christ’s Bride– The Church?
While all of this is frightening and should give us pause respecting the fragility of our civilization, what would such potential events mean for the Bride of Christ– the Church? While Scripture tells us that even the gates of hell cannot prevail against the Church of Christ Jesus, that does not mean that His Bride will not suffer in this world. The genocide we see of Christians and their culture in the Muslim world should prove the point. It should be remembered that we still live in the Church Militant, not the Church Triumphant.
What follows is, of course, speculative but should provide a basis for pondering what our Lord’s Church might look like and act like in such dire circumstances as those described above. More importantly, it might give some impetus for congregations to prepare their members for the potential … Continue reading
Here is a tip for those who will use oxygen absorbers for storage but will not use the whole lot.
So you have your bulk grains and what not in mylar bags and buckets ready to close off. You bought a package of oxygen absorbers and you will not need all of them this time. What’s to be done? Quickly open the package and place the absorbers in zip lock bags, being careful to flush the oxygen out of each when you close it up. Put just what you need for each bucket in each zip lock. (Snack size bags work well for 2 or 3 1000 CC absorbers, which is what you will quite often need for a 5-gallon bucket.) Then use your handy dandy hot jaws (or your plain old clothes iron, if you’re low tech like me!) and close your spare oxygen absorber package still … Continue reading
“Now learn a parable of the fig tree; When his branch is yet tender, and putteth forth leaves, ye know that summer is nigh: so likewise ye, when ye shall see all these things, know that it is near, even at the doors. Verily I say unto you, This generation shall not pass, till all these things be fulfilled. Heaven and earth shall pass away, but my words shall not pass away.” (Matthew 24:32-35)
Understand the Times
If you have been paying attention to current events, especially to economic news and news related to asymmetrical military preparedness (i.e., cyber warfare and financial warfare), you may have become aware that we live in quite perilous times. Indeed, if you’ve been keeping up with the news in these areas you’ve heard some of the financial figures so many times, they’ve probably lost some of their impact on you.
Just to refresh your … Continue reading
I come across a lot of people who are looking for a solution to drying smaller items in their dehydrator. Over the years I have tried various solutions over the years while prepping and doing backpacking meals. The solution I finally came up with was to go to the hardware store and buy a roll of stainless steel screen door mesh. I cut it to the size of my trays. The mesh lets the air flow and the little pieces stay on the tray. – Crazyman
o o o
Hugh, I bought some pieces of this stainless steel fabric several years ago and cut them (with metal snips) to fit the trays in our dehydrator. We use them often and have had good success. They allow air flow, but the hole size prevents anything from falling through. They are food grade stainless so no worries about bad things getting … Continue reading
I’ve noticed a couple of letters from people writing in and asking about the problem of smaller veggies falling through the trays with the tier-style hydrators. I wrestled with the same issue in the beginning and started out by using aluminum foil stretched across the racks. That proved to be impractical for long-term usage because each time you moved the rack in or out of the dryer the edges of the foil would catch on the sides and tear, not to mention the trick of getting them into the dryer without everything falling all over the floor. Additionally the veggies would stick to the aluminum foil. It was pretty time consuming just getting the food off without all kinds of little pieces of foil stuck to the food, so that technique ended up being basically a one-time thing, as you had to put new foil on all of … Continue reading
Freeze Drying Tomato Sauce
I am absolutely thrilled with the results from our Harvest Right Freeze Dryer! I can not only dry fruits, vegetables, meats, and herbs, but I can freeze dry meals. With that accomplished, I began to think about sauces. Sometimes a recipe will call for just a tablespoon of tomato paste. Who wants to open a whole home-canned jar or even a store-bought can of tomato paste just to extract one tablespoon? Then, you have to figure out what to do with the rest before it spoils and (I almost can’t tolerate thinking of it) it has to be thrown into the trash. When you have invested your time, energy, know-how, resources, and maybe even some emotional attachment toward the full cycle of making tomato sauce, from seed to sauce, you count every drop as precious. Hopefully, you have gallons of sauce as a truly sweet and … Continue reading
One of your readers was asking about low tech cooking methods. He should search for Haybox Cooker. Articles will be found at Mother Earth News, Instructables, and elsewhere. It’s a very old method of first bringing food to a boil, then setting in an insulated box, and using fine hay to surround the cooking vessel. I’ve used blankets and towels, and it works wonderfully for soup, stew, making your own yogurt, and even for beans. Also, a sun oven is invaluable for low tech inexpensive cooking. Yes, you can and we did buy an expensive one, but our son made one with a box, foil, Styrofoam, and a sheet of glass, and it works just as well. Again search for plans at Instructables. I have made biscuits, bread, stew, soup, beans, lentils, rice, mac & cheese, et cetera. You just have to be sure to orient it to the … Continue reading
Most persons recognize the value of the firearm as a hunting and food gathering tool for the rural American. Often, gun control advocates will latch onto this justification for the Second Amendment when proposing various gun restrictions. The firearm tool can find utilitarian employment by an individual in many situations, and this article seeks to list the possible contemplated individual uses for firearms. Note that I am in no way suggesting that these situations exist now, nor am I advocating the employment of firearms in any of these ways. However, thinking ahead and outside of the box will allow us to fully understand the issue with future situations in mind.
Beginning with basic survival, the firearm has been a tool for food gathering since before the founding of the country. For example, even the peace loving Pilgrims were armed with long guns so that they could hunt the wild turkey, … Continue reading