Economics and Investing:

Doomsday clock for global market crash strikes one minute to midnight as central banks lose control – G.G.

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Ron Paul: Fed may not hike because ‘everything is vulnerable’ – D.S.

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The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis How long will this fiat money fiasco go on before the big debt reset? Greece is only the tip. – A.S.

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Schiff: Don’t Worry About China’s Currency When US Dollar Will Collapse – B.B.



Odds ‘n Sods:

If a tree falls in the forest, and absolutely no-one wanted it there in the first place… House Resolution 385 A tanning salon, expensive cigarettes, hairspray, Merlot, and a whole lot of crying doth no longer a Speaker make. Once upon a time, men at Lexington and Concord also began what was to prove a successful vacating process. (However, those were men.) – GLM

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Government Wants RFID Tracking Chips Implanted in Welfare Recipients – D.S.

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DHS plan – SOP 303 – P.S.

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The Coddling of the American Mind – H.L.

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Bill Whittle Video: The Great Unlearning: How Our Society Became so Stupid – B.B.





Notes for Sunday – August 16, 2015

Today, we present another entry for Round 60 of the SurvivalBlog non-fiction writing contest. The $10,000 worth of prizes for this round include:

First Prize:

  1. A Gunsite Academy Three Day Course Certificate, good for any one, two, or three day course (a $1,195 value),
  2. A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost $795,
  3. DRD Tactical is providing a 5.56 NATO QD Billet upper with a hammer forged, chromlined barrel and a hard case to go with your own AR lower. It will allow any standard AR type rifle to have quick change barrel, which can be assembled in less than one minute without the use of any tools, and a compact carry capability in a hard case or 3-day pack (an $1,100 value),
  4. Gun Mag Warehouse is providing 20 Magpul pmags 30rd Magazines (a value of $300) and a Gun Mag Warehouse T-Shirt. (An equivalent prize will be awarded for residents in states with magazine restrictions.),
  5. Two cases of Mountain House freeze dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  6. A Model 120 Series Solar Generator provided by Quantum Harvest LLC (a $340 value),
  7. A $250 gift certificate from Sunflower Ammo,
  8. KellyKettleUSA.com is donating both an AquaBrick water filtration kit and a Stainless Medium Scout Kelly Kettle Complete Kit with a combined retail value of $304,
  9. TexasgiBrass.com is providing a $300 gift certificate, and
  10. Two cases of meals, Ready to Eat (MREs), courtesy of CampingSurvival.com (a $180 value).

Second Prize:

  1. A Glock form factor SIRT laser training pistol and a SIRT AR-15/M4 Laser Training Bolt, courtesy of Next Level Training, which have a combined retail value of $589,
  2. A FloJak EarthStraw “Code Red” 100-foot well pump system (a $500 value), courtesy of FloJak.com,
  3. The Ark Institute is donating a non-GMO, non-hybrid vegetable seed package–enough for two families of four, seed storage materials, a CD-ROM of Geri Guidetti’s book “Build Your Ark! How to Prepare for Self Reliance in Uncertain Times”, and two bottles of Potassium Iodate– a $325 retail value,
  4. A $300 gift certificate from Freeze Dry Guy,
  5. A $250 gift card from Emergency Essentials,
  6. Twenty Five books, of the winners choice, of any books published by PrepperPress.com (a $270 value),
  7. A pre-selected assortment of military surplus gear from CJL Enterprize (a $300 value),
  8. TexasgiBrass.com is providing a $150 gift certificate,
  9. RepackBox is providing a $300 gift certificate to their site, and
  10. Safecastle is providing a package of 10 Lifestraws (a $200 value).

Third Prize:

  1. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  2. A large handmade clothes drying rack, a washboard, and a Homesteading for Beginners DVD, all courtesy of The Homestead Store, with a combined value of $206,
  3. Expanded sets of both washable feminine pads and liners, donated by Naturally Cozy (a $185 retail value),
  4. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  5. Mayflower Trading is donating a $200 gift certificate for homesteading appliances,
  6. APEX Gun Parts is donating a $250 purchase credit,
  7. Montie Gear is donating a Precision Rest (a $249 value), and
  8. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).

Round 60 ends on September 30th, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how to” skills for survival have an advantage in the judging.



My Home Won’t Keep Me Safe in a SHTF, by SDL

I just wanted to start by saying I’m so thankful for sites like yours and other independent media out there that have the courage to share the truth. I know we can’t ever be free until we start thinking for ourselves and caring to learn the truth. It’s amazing how many people I’ve talked to and tried to warn, but they aren’t in the least bit interested. I would say the church is less interested than the world. They don’t seem to care about anything outside of their comfort zone.

I’ve read that Americans have an eight second attention span. I truly believe it. I’ve passed on websites to warn people that no one has checked out. I have printed warnings from websites and passed them along, and no one even takes the time to read them. When society collapses this country is in serious trouble. I call America “the walking dead”. It about sums it up. America has lost its soul it seems.

I believe in God– the Father, Son, and Holy Spirit– with all my heart, and along with that comes love, respect, and fear. Not too many fear God’s power and judgment. God is true to His Word, promises, and judgment. I don’t think “but God, how come?” is going to get us very far on judgment day.

I don’t see any real sacrifice for God. I see way too much “easy believism” in churches. The God of the modern church is a pushover– a false God that has been made equal to or a little smaller than themselves. There isn’t much hope for a country when even the church becomes so self-centered. I’ve never seen so much “me” in society. Try to talk about the true God and you get persecuted by the church. Try to warn of the evils of the government and they don’t care. Tell them the reasons they’re sick is because of a horrible American diet of sugar, GMO food, processed food, and Round-Up, and they laugh at you.

It amazes me to see people self-indulge and then ask God to heal them because they’re sick or dying. If things keep going like this, the elite will have their population goal of 80% reduction met sooner than later without firing a shot.

Americans are completely serving the flesh in food choices, what they choose to obey when it comes to God, and who they vote for to keep the entitlements coming (another sad topic). I truly wish there was some way to bring together the true church– the remnant, not the 501c3 government corporation church that’s under a gag order on speaking the truth of our anti-Christ government.

This world is starting to feel pretty lonely. People are too selfish and independent to need and truly work together.

The sad part is they think they’re independent. They are, after they pay their 60% in taxes, Obama care, get their vaccines, get their poison food farmed and delivered by someone else, and get to vote between two corrupt parties that give you no freedom of choice at all.

I made plenty of bad choices myself most of my life when it came to food. My health was so bad I had to do something. I found out on my own that I had a severe wheat intolerance. Since my wife and I started homesteading and growing our own food organically, our lives have changed. Our health has never been better. Healthy eating makes the mind sharper and clearer as well. It’s been a new awakening. I think this lifestyle helps to connect us to God, also.

One thing I want to discuss about survival is that I’ve come to realize how hard it is to get survivalists to work with each other. Everyone right now seems independent and wants to protect their own castle. I feel my wife and I are alone on this one. It doesn’t help that we moved to this location only four years ago, so we will always be outsiders. I’m guessing there are a lot of others out there who are having trouble forming a group.

I also know we’re a target because of our self-sufficient lifestyle and all of our gardens. I’m afraid even today’s churches might turn violent when hungry. Do you know how easy it would be to turn everything around and say I’m the unchristian one because I have food and won’t share? It doesn’t matter that they ignored all of my warnings.

I’d like to tell everyone that I do not believe two people can defend or be safe inside a home in a societal breakdown. It’s way to easy to be ambushed. I live near a national forest, but I know all too well how dangerous it will become with people fighting for the same resources.

The only thing I’ve had peace with, and it came to me long ago, was to build a foxhole away from our house with full 360 degree visibility. I built a roof over it for protection from the elements but left the sides open for visibility. I put a military camo net cover over it, and it blends in very well. I can see through it and shoot through it.

I dug the hole 8’x8’x4′ deep. The bottom of the hole measures 6’x6′. My heavy clay soil is holding without collapsing. Sand or gravel soil will need to be sloped more or retained so the sides don’t collapse. I don’t have much roof pitch because it would make it too tall and exposed.

The roof is just over 6′ on the low side from the roof to the bottom of the hole, so I have plenty of head space. I used six pressure treated fence posts that I had for posts to support the roof. I put them into the ground using a post hole digger, down about three feet. My roof is a rectangle, because my posts had to be back from the hole for stability. The posts used were three at the upper pitch of roof and three on the lower pitched side.

I leveled the post and used logs to connect the top three and bottom three and then used logs for the rafters every two feet. I used 8″ galvanized spikes to attach it together. I pre-drilled holes to prevent splitting.

The post distances are 8 1/2 feet x 12 feet but with ample overhang. The roof finished at 11 1/2 feet x 13 1/2 feet, so the tarp I had could be attached to the sides of the roof.

Choose your own hole and roof size to meet your needs. Check your tarp dimensions first, if a tarp is the roof material you want, and build your roof to it. I put some old recycled landscape cloth I already had on the floor and covered it with rubber from an old float we had that didn’t hold air anymore. I didn’t want to stand on clay all day.

Consider drainage. I built right on top of a small hill between two other hills so ground water seepage wasn’t a problem for me. I have water that runs between the hills and around me, so I have water to meet my needs.

I also plan on running a trip wire around the perimeter hooked to something to make noise to warn us of any intruder at night. I’m using old canning lids because it’s what I had available, but any cans should do. My terrain is such that it would be very hard for someone to sneak in without being seen.

I’m in the cover of the woods but have pastures nearby in all directions, which I think will provide a diversity of food. We have access to things like plantain, dandelions, clover, blackberries (on which you can eat the leaves as well as the berries), and oaks in the woods for acorns. There is also a pond nearby for water and food. It has a good supply of cattails. You can eat just about the whole cattail plant at certain seasons.

I’m keeping some tools in the shelter, so when or if things return to normal I can start gardening again. I have seeds, a shovel, a lawn rake, garden rake, axes, and two scythes. This is probably my third year of doing a Ruth Stout style, no plow garden using hay cover to build soil and hold back weeds. I would never go back to plowing. It makes no sense to me. It’s also almost drought proof, because the hay holds moisture. With the scythe I can cut hay and with a tarp I can drag it to my garden site and by putting it thick enough I can plant without using fossil fuels.

I like pumpkins, winter squash, corn, and potatoes because they store quite awhile without processing. I grow Bloody Butcher corn that is a heirloom seed. You let it dry and then make cornmeal from it. Also, dry corn stores well.

To plant potatoes, I push my hand through a foot of hay and make an indentation in the earth and place the seed potatoes. I don’t bury them. I put just light hay over the hole I made in the hay so the potatoes can push through the foot of hay. When you harvest the potatoes, they are laying on the ground under the hay. This works great. Just grab them with your hand; there’s no digging.

For all other plants, you just push the hay back in the shape of a circle and plant your seeds in bare ground. I planted four corn plants in each circle, five feet apart, and I planted Kentucky Wonder Pole Beans, one per stalk, and they climb the corn. (Just wait until two weeks after the corn is planted to plant the beans.)

I plan on storing potatoes nearby the shelter using a simple storage method. Dig a hole in the earth a couple of feet deep. Make it so it won’t fill with ground water, and then line it with hay. Put potatoes on the hay in a pile and cover with hay and soil. Some good ideas are in the book Root Cellaring – Natural Cold Storage of Fruits and Vegetables. I plan on trying to stay warm using clothes and proper sleeping gear. A fire is sure to give away our position. I do have a little camp stove I bought years ago that uses wood in small amounts. We’ll use kindling size for cooking only. I’m thinking now about a rocket stove, which is clean burning, very efficient, and produces very little smoke for the coldest of weather. I’m stocking the shelter with gear and nearby buried stashes because I fear we may have to flee with little or no warning. I think about Matthew 24:17 “let him which is on the housetop not come down to take any thing out of his house: neither let him which is in the field return back to take his clothes.” I have two storage boxes that are 2×3 feet each. End-to-end they make a 6′ bed, and they also store gear. I plan on one of us sleeping at a time, while the other keeps watch. All my wife needs to do is wake me if there is trouble nearby. I have a swivel stool inside for comfort and mobility to rotate. I’m thinking of putting a port-a-pot inside so we won’t expose ourselves as much leaving the shelter (if there is room for it). You definitely would be best off to have a nearby water supply. Traveling too far for water would put you at a greater risk. I think God would want us to live and die for Him above all and to not worry about the things of the world. I want to protect my soul for God and not for things of this world. Good luck, and I hope this helps. God bless.



Letter: Are We Prepared?

Dear HL and Readers,

I am a faithful reader of SurvivalBlog and enjoy the links to related articles. I, along with many of you, am seeing the signs of problems ahead. Your readers are preparing and have beans, bullets, and bandages. They are ready, but are they really?

I went to Haiti after the devastating earthquake in 2010. I was part of a Christian mission team who helped with the construction of a home for a family in the Port-au-Prince area. For a period of about eight days, I experienced some incredible things. I slept in a tent inside a walled compound. The top of the concrete wall had broken glass bottles to deter someone from climbing over. There was a guard at the gate twenty-four hours a day. We had rolling blackouts and non-potable water. It was a toss-up as to whether the toilets would flush. However, we were better off than nearly all of the citizens in the area.

The locals were living in tents in the open with no protection. They had no electricity and no bathrooms or running water of any kind. They did not have food to eat, and children would fight over the food we gave them, even a scrap of bread.

The city was under martial law. Seeing armed soldiers from many nations was common. A few days before we arrived, a man was shot in the head and killed just outside the gate of our compound. Why? He was robbed of the cooler of ice cream he was carrying. The people were so hungry that they killed each other for food. A one-pound bag of rice or beans was a meal for a large extended family of about fifteen or twenty people.

Healthcare was virtually nonexistent. The basics of Tylenol, Benadryl, or vitamins were a luxury. Haitians do not know their date of birth. Most children do not live to the age of five. If they do, they are issued a birth certificate. The government waits that long to issue it, because they do not want to waste paper on a child who is going to die. I contracted a virus transmitted by a mosquito bite, but I was not symptomatic until two days after I arrived home. If I had been in Haiti, I would have died from dehydration from a lack of IV fluids.

Why am I telling you all of this? I believe our country could easily be in this state. Do you want to see your wife die during childbirth? Do you want to watch your child die from hunger? Do you want to see your husband die from a simple infection or from a high fever? For those of you who think this could never happen in good old America, you are wrong. All it takes is the right set of circumstances to set the wheels in motion, and we could quickly have the living conditions of a third-world country. Am I fully prepared? No. Am I better prepared than most Americans? Yes. That makes me a target, just like the man with the ice cream. I am glad that all is well with my soul. That is the greatest preparation of all. Let us pray that we will be charitable, but we will not be able to save everyone. Even five years later, the eyes of starving and sick children still haunt me. I couldn’t help them all. Preparing for that may be the greatest preparation of all, although I am not sure how to fully prepare for this aspect of survival. May God bless us and guide us. We need it. Sincerely, – A Child of Christ



Economics and Investing:

Why California loves taxes, stock bubbles, and housing bubbles: State and county assessed property values up to $4.918 trillion, up 6 percent from last year.

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SILVER DOCTORS: Wholesale Silver Shortage…. CONFIRMED

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Comex On The Edge? Paper Gold “Dilution” Hits A Record 124 For Every Ounce Of Physical

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U.S. oil inventories at levels not seen in at least 80 years!

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Buy Gold? Buy A Used Car Instead! – D.S.



Odds ‘n Sods:

How High Are Property Taxes in Your State? – PLC

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Church Builds Gun Range, Launches Range Ministry ‘In The Name Of Jesus Christ’ – Pat Cascio, SurvivalBlog’s Product Review Editor

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Your Guide to Building a Disaster Kit – H.A.

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The FDA Just Approved OxyContin to Be Prescribed to Children – D.S.

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Global eavesdroppers:In World War II, dozens of radio operators in Scituate dialed into enemy conversations worldwide – RBS



Hugh’s Quote of the Day:

“And he went a little further, and fell on his face, and prayed, saying, O my Father, if it be possible, let this cup pass from me: nevertheless not as I will, but as thou wilt.” Matthew 26:39 (KJV)



Notes for Saturday – August 15, 2015

On August 15, 1961, two days after sealing off free passage between East and West Berlin with barbed wire, East German authorities began building a wall–the Berlin Wall–to permanently close off access to the West. For the next 28 years, the heavily fortified Berlin Wall stood as the most tangible symbol of the Cold War–a literal “iron curtain” dividing Europe. The wall has now been torn down for longer than it stood, but the scars in memory are still there.



July in Precious Metals, by Steven Cochran of Gainesville Coins

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainsesville Coins. Every month we take a look at “the month that was” in precious metals, covering the price action of gold and examine the “what” and “why” behind those numbers.

So much for the “summer doldrums.” July was a wild roller coaster ride, no matter which market you looked at, and gold was no exception. If it wasn’t stress over whether the Fed would raise interest rates next month, it was the meltdown in the Chinese stock market, or the fate of Greece and its economy.

Remember that “not for profit” sell-off in gold futures (a.k.a. “manipulation”) two years ago, in July 2013? Someone thought it was time to do it again this month. The first attack was on July 7, as millions of investors in the Chinese stock market were hit with margin calls to cover stocks they’d borrowed money to buy. The resulting explosion of physical gold and silver demand caught the bullion market by surprise, and the U.S. Mint ran out of Silver Eagles that same day.

There were two more attacks in July, on the 17th and the 20th, and premiums climbed as retailers scrambled to find merchandise. Gold ended the month on a high note, as the worst labor costs report on record sent the dollar tumbling amid fears that the Fed would delay the upcoming rate hike.

Precious Metals Market Drivers in July

Climax In Greek Drama

For the second year in a row, a crisis in Eastern Europe disrupted the normally quiet summer cycle for gold (and stocks and bonds). Last year, it was Ukraine, and this year it was Greece. The leftist government in Greece started the month by defaulting on a payment on an IMF loan, becoming the first European nation to do so. The ruling Syriza party (whose name means “Coalition of the Radical Left”) later admitted that this was a ploy to try and force the hand of its creditors.

When this didn’t work, prime minister Tsipras called a sudden national referendum to let the people decide whether to accept demands of more austerity from the EU nation who were paying for the bailout. The result was a resounding NO and put Greece’s future in the Eurozone in doubt. As talks broke down, the European Central Bank stopped pumping emergency funds into Greek banks, forcing the government in Athens to close all banks and implement capital controls.

We have warned many times that you need to hold physical gold outside the banking system, and Greece shows why. Banks were closed from June 28 to July 20, three weeks. During this time, no one could get to their safety deposit boxes.

Incendiary Greek Finance Minister Yanis Varoufakis was forced to resign after the austerity referendum, as his antagonistic relationship with the rest of the EU finance ministers had become too high a hurdle for Tsipras to ignore. The six months of brinksmanship and bluster was all for naught, as Greece was forced to accept austerity measures even harsher than those rejected by the national referendum on the 5th. The Greek parliament voted to pass the first round of austerity laws demanded by its creditors on July 15, against a background of street riots and protests. This show of commitment to reforms opened the way for talks about a third bailout to begin, and the ECB resumed emergency injections of cash into the Greek banking system, which was close to collapse.

Chinese Stock Market Crash

The fall of the Chinese stock market, which began in mid-June, accelerated in July. By July 8th, the Shanghai Composite index had lost 30%, and over 1300 companies had requested that their shares not be traded. The total market loss at the time was over $3.2 trillion, and it only got worse as the month went on. The Chinese government ordered state-owned companies not to sell stock, and forbid the issuance of IPOs. Western analysts began telling investors to forget about Greece – China was the real danger to the global economy.

Finally, in a move that would have been impossible in the West, the Chinese government started directing state-owned enterprises to buy stock, and began lending money to stock brokers to buy stock, in a direct intervention in the market. This spending of $800 billion of government money did little to halt the slide at first, but sent the signal that the rulers in Beijing would not let the market collapse. Things stabilized for a while, but then on July 27th, the Shanghai market fell by 8.5%.

After the worst was over, the hunt for a scapegoat began. (There always has to be a scapegoat, to direct blame away from the ones in power.) This resulted in Chinese authorities going after (mostly foreign) HFT spoofers and manipulators. High Frequency Trading and spoofing (placing fake orders to make the market move to where you can make a profit) is rampant in the U.S. stock market, but the large Too Big To Fail banks and hedge funds have bought enough political influence that they have not been stopped. Could Shanghai become safer for humans than the NYSE?

When asked what caused such a huge run-up and crash in the stock market, Chinese experts pointed to two reasons: greed and lack of knowledge among Chinese individual investors. Unlike Western markets, which are dominated by big institutions, such as hedge funds and mutual funds, 80%-85% of the Chinese stock market is made up of individuals—200 million of them. The scary part is that two-thirds of them don’t even have a high school education, and they want to believe that the Communist government will protect them from losses. Beijing doesn’t help matters when the official press exhorts people to buy into the stock market, which leads people to borrow heavily to buy stocks, confident that it is a “sure thing” because the government encourages it.

But, as big as 200 million people sounds to Americans, this is a tiny fraction of the nearly 1.4 billion people in China. The big danger to the global economy isn’t the Chinese stock market, it’s the Chinese economy.

Takedown Déjà Vu

By July 7, the Chinese stock market had fallen over 25%, and margin calls were forcing investors to liquidate whatever they could. Copper has been a popular collateral item in China, and the sudden liquidation of copper on July 7 drove prices to six-year lows. The sell-off also caught gold and silver in the downdraft. Gold dropped 1.5% to lows not seen since March.

After this, the Wall St. sharks smelled blood in the water, and they waited for the moment to strike. The excuse for the take-down came on July 17, when China updated its official gold reserves for the first time since 2009. The 1,658 metric tonnes reported was a 57% jump from 2009 levels but only a fraction of what analysts have estimated China’s gold reserves really are. *Someone* used that disappointment to crash the gold market, by dumping $1.4 billion in gold futures (AKA “paper gold”) onto the market. This smashed the gold price to a five-year low and caused a stampede for the coin shops and gold dealers as physical buyers took advantage of the price drop.

The manipulators weren’t quite done, though, and picked the most illiquid time possible to crash the gold price for their big finish. In a move calculated to drive gold prices down as much as possible, the manipulators waited until the Japanese markets were closed for a holiday, and the New York and London markets hadn’t opened yet. Right as the Chinese market opened, 57 metric tonnes of gold futures were sold into the market at once. Gold prices fell as much as $25 an ounce, and even the mainstream media could not ignore such blatant manipulation. The financial press was soon filled with speculation as to the identity of the perpetrators, with no one willing to take the blame.

No matter how the Communist Party intervenes in the Chinese economy, it can’t deny the realities of the gradual slowdown of its real economy. Another round of stimulus measures helped Q2 growth appear better than it actually was. Weakness in manufacturing was even more telling, as the country’s factory production sank to a 15-month low.

Fed Rate Hike Drama (FOMC)

An ongoing trend in July was the daily rumors about the timing of the Fed’s initial move to raise the federal funds rate, the country’s benchmark interest rate. It will be the first rate hike in nearly a decade, and the markets have obsessively watched for any signs from the central bank about when the rate increase will occur.

Virtually every time that some rumor breaks about the Fed’s plan for raising rates, the dollar spikes. This has had serious implications for commodities, which are essentially experiencing deflation due to the stronger currency. Despite the attention paid to gold, oil has been hit far harder by the downturn in the commodities cycle: crude oil prices matched yearly lows just above $40 per barrel in July after a modest recovery during the spring months. This has coincided with outright oil wars between OPEC members (especially Saudi Arabia) and shale oil producers in the U.S. As OPEC refused to stop pumping oil, hoping to squeeze out unprofitable shale operations by driving crude prices ever-lower, the oil cartels hold on global prices seemed to be broken, as many American oil producers remained profitable even at such low resource prices.

The entire summer has been like a horror movie for those heavily invested in commodities, as prices have plunged largely across the board, tracking with falling energy costs. Russia, whose economy is almost wholly dependent upon commodity exports, has certainly felt the pain. The country’s central bank yet again purchased gold to shore up its position, adding 25 metric tonnes of gold to its reserves.

The soap opera surrounding when the Fed will raise rates was also a story unto itself. Two of the Federal Open Market Committee (FOMC) voting members exchanged entirely contradictory views on the rate hike outlook on successive days during July: Federal Reserve governor Jerome Powell hurried to get in front of a camera and state that the FOMC’s view remains uncertain only a day after Atlanta Fed President Dennis Lockhart blew the whistle on the high likelihood of a September rate hike. Powell was doing damage control on Lockhart’s slip, as the Fed always avoids making definitive statements one way or the other in order to keep markets perpetually guessing.

On The Retail Front

With the drop in precious metal prices amid the broader rout in commodities during July, sales of bullion coins and bars were robust over the month. The U.S. Mint actually ran out of its allocation of American Silver Eagles, leading to a two-week delay where no distributors were receiving the silver coins from the mint. Premiums on the flagship U.S. silver bullion coin skyrocketed as ASEs became increasingly difficult to find on the market. Similarly, the Royal Canadian Mint had to ration the availability of its Silver Maple Leafs.

Amid the price dip frenzy, gold bullion sales in the U.S. were their highest in 2 years. Total bullion sales through the U.S. Mint notched a 17-month high in July. The mint waited until the last day of the month to introduce its new High Relief Liberty gold coin for sale. Within hours of initially being offered, the .9999 fine gold coin sold out of its maximum mintage of 50,000 coins.

Market Buzz

With the precious metals falling for much of July, the preeminent market analysts had their hands full with the establishment media, which jumps on any opportunity to bash gold and precious metals. The MSM was busy with headlines about the end of gold as an asset, how it had “lost its luster” or gone the way of past trends. To call gold’s value a mere trend is laughable, and reveals the insane bias of the media regarding honest money.

Peter Schiff rightly pointed out that today’s fiat currencies depend entirely on a system of faith, while hard money like gold does not. It’s again laughable that Schiff even has to argue this point, as supposedly respectable pundits compared gold to bell-bottom jeans and pet rocks. Last time I checked, those items only held the intrinsic value of their denim or mineral composition, and fell by the wayside as trends because of changing tastes. Though fashions and tastes are always changing, the understanding that tangible precious metals hold real value is not.

Elsewhere, Casey Research astutely shows that the conventional “wisdom” about how gold prices will react to the imminent rate hike from the Fed is completely misguided. The prevailing thought among analysts is that an interest rate increase will drive the dollar higher, thus pushing gold prices lower in real terms. Yet, the research shows that each of the last four times a rate increase cycle began, gold actually gained. This trend was apparent in 2004, the last time that the Federal Reserve began a round of rate increases, as spot gold tracked higher with each rate hike.

While speaking on why the Greek debt crisis would drag on rather than choosing the most reasonable solution (i.e. an exit from the euro area), Eric Sprott reiterated his conviction that gold and silver are still viable investments, and cannot be invalidated simply by fickle market trends.

Looking Ahead

Apparently the fight is not over between the U.S. government, which claims that 10 privately-owned 1933 gold double eagle coins were stolen, and the Langbord family, who found the rare coins in a safe deposit box belonging to the late family patriarch. Although a judge awarded the coins to the Langbords, that decision has been overturned, and the case is dragging on.

U.S. gold coins like double eagles ($20 gold pieces) were confiscated by executive order in 1933 and were deemed illegal to own until the country officially ditched the gold standard during the 1970s. While nearly all 1933 gold coins, including double eagles, were melted down at the time, a few scarce examples escaped. The only 1933 double eagle to ever have its monetary status (and therefore legality) reinstated was a single example once owned by Egypt’s King Farouk, which sold for more than $7 million at auction nearly 15 years ago.



Letter: Fishing Pliers

Dear SurvivalBlog,

After searching every nook and cranny of the Internet I have had no luck in finding a decent (in quality and price) pair of needle nose “fishing specific’ pliers. How about taking on the challenge? – JLN

Pat Cascio responds: I love to fish, and there is a pond just 50 yards from my front door on my neighbor’s property, and I can fish there all I want. I’m a sport angler; I catch and release most of the time. I’ve been fishing since I was about 10 years old. I started out using a bamboo fishing pole.

Fish

Attached is a picture with a few of my pliers. The first, long pair of fishing specific pliers were purchased at K-Mart many years ago for under ten bucks if I recall. The middle pliers are from a set of various pliers given to me by my local gun shop. The last is my Leatherman Blast multi-tool with needle nose pliers. As you can see, the fishing specific pliers are rusted. They spend most of the time in the bottom of my fishing tackle box and rarely get used. The middle pliers are just an example of what is out there. You don’t have to purchase fishing specific needle nose pliers. The Leatherman multi-tool is what I use 98% of the time to dislodge a hook from my fish. It works wonderfully for me, and my wife and daughters also use multi-tools to dislodge a hook.

In the past, I have used surgical forceps to remove hooks. They are convenient in that you can lock them onto the hook, and they come in different sizes and lengths. They work quite well, and you can find them for under five bucks. However, when it is all said and done, the Leatherman multi-tool works best for me. It’s always in the pouch on my belt and it only takes a few seconds to get it out and put it to work. Yes, you can go to any sporting goods or big box store and find fishing specific long needle nose pliers, and they work well. However, for my money, it is hard to beat a multi-tool with needle nose pliers for dislodging a hook.





Odds ‘n Sods:

Even more reason to home school. Public schools are GOVERNMENT schools and we know what kind of government– federal, state, and local– we NOW have! It’s our own fault for being asleep for DECADES! School Officials Used Young Girl as “Bait” in Rape Sting, She Was Raped and they Covered it Up – H.L.

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Pistol-whipped detective says he didn’t shoot attacker because of headlines – T.P.

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Want ‘sustained happiness’? Get religion, study suggests – D.S.

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Before the death panels…limb panels? – Mike Williamson, SurvivalBlog’s Editor At Large

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Reciprocity Alert – Minnesota No Longer Honoring Utah CCW Permits – K.C.