All Evidence Points To A Dramatic Increase In Food Prices Worldwide, Possible Shortages Reader Tom C. wrote to mention: “I just bought some K-1 kerosene. It was priced at $3.49 gallon, up form $3.09 only six weeks ago.” “Hyperinflation Will Drive Gold To Unthinkable Heights” Oil’s Surge In 2010 Paves Way for $4 Gasoline News from India: Soaring metal prices ring death knell for 25p coins. Does this sound familiar?
“The sharp edge of a razor is difficult to pass over; thus the wise say the path to Salvation is hard.” – W. Somerset Maugham The United States and a majority of the world stand at the proverbial razor’s edge and as most preppers realize, the road to salvation will definitely be difficult. The coming changes may happen tomorrow or ten years from now but the grand clock is in countdown mode. Many experts like to focus on specific issues but it is the culmination of these separate issues that will create the ultimate crisis. Evaluating each issue allows the …
Sir: I feel that any article that brings attention to the need for communications in the future is a very good article! However, Carl really needs to upgrade to a General or higher class license and experience just what some of the HF bands can do for him. How well something like 75 meter phone can cover a very wide area that will put his favored two meters to shame, no matter how “big” the two meter station is. Not to mention really long distance communications with no infrastructure whatsoever on whatever ham band happens to be working at the …
John R. recommended a piece by Jim Willie: Ultimate Cost of 0% Money Also from John R.: U.S. foreclosures jumped in the third quarter; Newly initiated foreclosures up more than 30 percent Venezuela Devaluing Currency to Revive Economy/ (Thanks to Dan L. for the link.) Items from The Economatrix: Dude, Where’s My Job? Gold Hits Three-Week High On Weak Dollar Energy Stocks Rally to Fresh Two-Year Highs US Dollar Seen Rising in 2011 After Rough 2010 (JWR is dubious…) 10% Brits Will Be Jobless in 2011
Regarding the recent link to The Daily Bell‘s discussion of state-owned banks (Brownian Schism–Ellen Brown Restoring Credit with a Publicly-owned Bank: The Model of the Bank of North Dakota), economist Dr. Gary North has shredded and exposed Ellen Brown as a statist. The siren song of Greenbackism is entrancing Congressmen like Dennis Kucinich and even normally reliable commentators like Karl Denninger. Fiat credit, either through Greenbackism or state-owned bank, leads only to misery, not prosperity. Godspeed to you and yours. – B.G. in Wisconsin. JWR Replies: SurvivalBlog readers may also be interested in this recent piece by Dr. North: How …
Lee H. sent this: China cutting rare earth exports to the world by 10+%. China provides 97% of rare earths to the world. Peter Schiff: Home Prices Are Still Too High. (Thanks to G.G. for the link.) Steve C. sent a link to an article quoting Marc Faber: Long-Term US Treasurys Are ‘Suicidal Investment’ Items from The Economatrix: Fewer Join Unemployment Rolls; Good Sign for 2011 Stocks Down Slightly As Investors Lock In 2010 Oil Settles Below $90 On Government Supply Report
As the editor of SurvivalBlog, I regularly get those “timing” e-mails from readers, asking me for my prediction of when the U.S. Dollar will collapse. I can’t provide you a date, but you don’t need to be a past recipient of the Nobel Prize for Economics to see some crucial facts and draw some logical conclusions. Consider the following: The Federal Reserve recently became the largest holder of U.S. Treasury debt, surpassing China and Japan. The neo-Weimar monetization that is dubbed “Quantitative Easing” is wildly inflationary. The number of dollars in circulation is galloping, and that can only result in …
C.T.L. sent this: Bailed-Out Banks Slip Toward Failure. From The Daily Bell: Brownian Schism–Ellen Brown Restoring Credit with a Publicly-owned Bank: The Model of the Bank of North Dakota. The article begins: “Neither states in the U.S. nor those in the eurozone can print their own money, but they can own banks, which can create bank credit on their books just as all banks do.” El Jefe Jeff E. suggested this Wall Street Journal report: The Price of Silver is Soaring. Items from The Economatrix: Silver Will Be Worth More Than Gold If You Haven’t Bought Silver Yet, Read …
The UK inflation genie is out of the bottle Grain Prices Heading Higher In 2011 On Tight Supplies, Rabobank Says More from our friends in Appenzell, at The Daily Bell: Inflation Heard Round the World Ex Shell president sees $5 gas in 2012 Gulf CEO: Oil May Near $150 a Barrel by Summer
Life imitates art, right down to the terminology: ‘Doubling Up’ in Recession-Strained Quarters. (Thanks to Shawn M. for the link.) Bailed Out Banks on Brink of Bankruptcy — Again John R. sent these two items by Dave Cohen: Borrow Like There’s No Tomorrow and The Debt Countdown Begins Rosenberg: Housing Double-Dip Straight Ahead Items from The Economatrix: After Holiday Spree, Doubts About Economy Linger Two Charts Which Tell The Whole Story Open Interest In Silver Continues To Rise / Troubles In Major US Cities Silver Is The Biggest Sleeper Of All $500 Silver And …
And Now, Here’s The First 11 State Pension Funds That Will Run Out Of Money. (Thanks to B.B. for the link.) Reader Jonathan C. pointed us to this: Outraged Yet? What if Fed Buys Munis? (I suspect that the MOAB will end only at the point of national bankruptcy and collapse of the U.S. Dollar.) Items from The Economatrix: Stocks Flat as Wall Street Shrugs Off China Rate Move Oil Holds at $91 Per Barrel East Coast Blizzard Chills End of US Holiday Shopping Season Second Crisis Feared if Interest Rates Kept Low US Changes How …
I’ve learned a few tricks since writing the first part of this article on stocking up on food items and other good stuff with the help of coupons combined with sale prices. Here are some tricks that I’d like to share with you: First, a word about ethics: The web sites will limit the number of coupons you can print. Photocopying coupons is considered coupon fraud. Each printed coupon has its own codes, and duplicates are not legal to tender. They are counterfeit. It is fair game to clip several coupons for the same item, or to use more than …
Senator Coburn: Control Government Spending or Face ‘Apocalyptic Pain’ Quantitative Easing 2 as Projected and Announced After 62 Years, a First for Harlequin: A Personal Finance Book, The Frugalista Files. “Written by former Miami Herald personal finance blogger Natalie McNeal, is a diary a 34-year old attempt to pay off her credit card debt — ‘without giving up the fabulous life.’” Items from The Economatrix: Ted Butler: A Show Stopper “Commodity Super Cycle” Ripples Into China Naked Emperor and the Conspiracy of Silence
Jeff Gundlach: The US Economy Is A Complete Horror [Slides] (A hat tip to Yishai for the link.) Fresh Humiliation for Eurozone as China says it will bailout debt-ridden nations. (Thanks to Jonathan C. for the link.) Robert Kiyosaki’s commentrary: The Eye of the Recession’s Storm Items from The Economatrix: Bloomberg Counters Gold’s Run With Absurd, Baseless Hit Piece Treasuries’ Worst Drop In 2010 Driven By Central Bank Sales Top Economists Debate The Crisis: “Clinging to the Euro Will Only Prolong The Agony”
News from England: Cost of the Weekly Shop Set to Rocket Next Year Reader F.B. notes: “I purchase bulk whole grain for animal feed in Kuna, Idaho. I bought Bulk dried corn in January, April & August at $12 per hundred weight, but on Dec 22 it was $13 per hundred. And I bought soft white wheat. It was formerly priced at $11 per hundred. The price at my most recent purchase in December was $1 per hundred.” Bolivia hikes gasoline prices 73 pct; protests hit. Big Freeze Thieves Target Heating Oil As Prices Soar And Families Wait For New …