Recipe of the Week: Easy Southwest Dump Soup, by M.

When my family of farm hands come in from a day of work, they like this hardy soup served with (or over) tortilla chips, cornbread, or even warmed-over biscuits. I usually serve it with a big, green salad or with some steamed broccoli. I like it for three reasons– it’s tasty, easy, and economical, in that it helps stretch my costly ground beef! I can start it after lunch in the crock pot and go about my business for a couple of hours in the afternoon. (NOTE: For a large group, Costco sells the BIG cans of Ranch-style beans, so the other ingredients can be increased proportionately to create an easy, inexpensive way to feed a big crew!)

Ingredients:

  • 2 cans Ranch-style beans (regular sized)
  • 1 lb. ground beef, pre-cooked
  • 2 cans corn, undrained
  • 2 cans Rotel tomatoes, undrained
  • 1 lb. Velveeta cheese, cut into cubes
  • 1/2 cup beef broth or water, if cooking in crocket pot

Directions:

Pour ingredients into pan or crock pot, in order listed. Heat the ingredients together, stirring occasionally, until the cheese melts. Serve with tortilla chips or cornbread. Serves 4-6.

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Do you have a favorite recipe that would be of interest to SurvivalBlog readers? Please send it via e-mail. Thanks!



Letter Re: Preparing Game Meat For The Table

Greetings, I read this article with interest and found it full of good information. However, there are a couple of points that I was concerned with and feel compelled to share my opinion as well.

I am concerned by the statement that game meat fat should be removed and is “nasty”. I feed my family strictly subsistence caught meat and fish. Yes, a bear eating salmon will smell of salmon; however, a bear eating berries will have delicious meat. The vast majority of the time, the fat on moose, caribou, bear, muskox, deer, goat, and other animals is not “nasty”. When we are lucky enough to shoot a fat animal, we are happy to add this to our ground burger (instead of purchasing ground pork, as he suggests). I often render the fat as well, for use in various cooking projects or saving for the future to add to lean ground meat. This is important for people to note. Many people want a low-fat diet today, but in a survival situation fat is an important nutritional component and should not be discarded.

Smaller game varies in its fat content. Rabbits and many birds do not have much fat. However, beaver and porcupine can have a lot of fat. With waterfowl, I would say, it depends on the season. Geese prepared to fly south for the winter are very fat; however when they return in the spring, they are very lean. (I live in Alaska, and there is a spring subsistence hunt for rural residents, allowing the legal harvest of waterfowl.)

Along the same line, he recommends discarding the bones. Whoa! Bones are a tremendous source of nutrients. I can not imagine throwing them out. They can be cooked and made into a broth for use in other cooking, and this broth is especially important for nutritional benefit should you have someone unable to eat solid food. The bones can be left in cuts of meat and used to season the meat while cooking and adding fat, which is full of rich flavors and keeps the cut moist as it cooks.

The simple rule I use for meat that I harvest is to keep it clean, cool, and dry. I can’t emphasis this enough! Do not use blow torches to get off hair and no dumping ice into the chest cavity. The ice introduces water, which quickly accelerates the rotting of the meat. If it’s hot, wet, or there is insect activity, process that meat as fast as possible. There is no need to leave it hanging.

Thanks for the article. It has lots of useful information and details for those who need to know how to process meat.

– Countrygirl



Economics and Investing:

Report: 25 Percent Of Connecticut Households Above Federal Poverty Level But Struggle To Meet Basic Needs. – G.G. (Free registration required to read the article. Don’t violate OPSEC.)

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Nearly half of Florida households are struggling financially, United Way reports. – G.G.

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Turkey production down, wholesale prices up . – M.M.

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Borrowers, Beware: The Robo-signers Aren’t Finished Yet. – G.G.

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Gold shortage worst in over a decade



Odds ‘n Sods:

70 years ago, the Minnesota Starvation Experiment changed lives . – K.C.

It’s an interesting read and something to consider in a societal breakdown.

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Is Mexico becoming a failed state?. – G.P.

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Cops cuff, detain man for having legal guns. – B.B.

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Police will start carrying firearms with smart tracking technology. – D.S.

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Not really survival related, but it’s pretty amazing to watch: Treacherous Rotary Naval Aircraft Operation. – RBS



Hugh’s Quote of the Day:

“The wave of the future is not the conquest of the world by a single dogmatic creed but the liberation of the diverse energies of free nations and free men.” – John F. Kennedy



Notes for Sunday – November 16, 2014

November 16th is the birthday of Michael D. Echanis (born 1950, died September 1978), a former United States Army Special Forces and 75th Ranger Battalion enlisted man. He was awarded the Purple Heart and Bronze Star with “V” device as a LRRP in the Vietnam War. He was born and raised in eastern Oregon. Echanis was killed while working for the CIA in Nicaragua in 1978 in a plane crash along with his colleague Charles Sanders and members of the Nicaraguan armed forces. There was conjecture that the plane was destroyed in flight by a saboteur’s bomb. JWR’s novel Survivors includes a minor character from Oregon with the surname Echanis, as a small homage to Mike Echanis.

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Today, we present another entry for Round 55 of the SurvivalBlog non-fiction writing contest. The $12,000+ worth of prizes for this round include:

First Prize:

  1. A Gunsite Academy Three Day Course Certificate, good for any one, two, or three 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 hardcase 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 then 1 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 Warehouseis providing 30 DMPS AR-15 .223/5.56 30 Round Gray Mil Spec w/ Magpul Follower Magazines (a value of $448.95) 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 $300 gift certificate from CJL Enterprize, for any of their military surplus gear,
  7. A 9-Tray Excalibur Food Dehydrator from Safecastle.com (a $300 value),
  8. A $300 gift certificate from Freeze Dry Guy,
  9. A $250 gift certificate from Sunflower Ammo,
  10. 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,
  11. TexasgiBrass.com is providing a $300 gift certificate.
  12. 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. Acorn Supplies is donating a Deluxe Food Storage Survival Kit with a retail value of $350,
  4. The Ark Instituteis 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,
  5. $300 worth of ammo from Patriot Firearms and Munitions. (They also offer a 10% discount for all SurvivalBlog readers with coupon code SVB10P),
  6. A $250 gift card from Emergency Essentials,
  7. Twenty Five books, of the winners choice, of any books published by PrepperPress.com (a $270 value),
  8. TexasgiBrass.com is providing a $150 gift certificate,
  9. Organized Prepper is providing a $500 gift certificate, and
  10. RepackBoxis providing a $300 gift certificate to their site.

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,
  5. Mayflower Trading is donating a $200 gift certificate for homesteading appliances,
  6. Ambra Le Roy Medical Products in North Carolina is donating a bundle of their traditional wound care and first aid supplies, with a value of $208, and
  7. APEX Gun Parts is donating a $250 purchase credit, and
  8. SurvivalBased.com is donating a $500 gift certificate to their store.
  9. Montie Gearis donating a Y-Shot Slingshot and a Locking Rifle Rack. (a $379 value).

Round 55 ends on November 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.



Preparing Game Meat For The Table, by Kestrel

As a hunter I’ve often heard the question, “Doesn’t ____ meat taste gamey?” I get this question from people who have never eaten game meat or from those who have eaten improperly-prepared game. The word “gamey”, to me, speaks of meat with a rotten flavor. I’ve had spoiled meat before, and it does indeed taste “gamey”. My usual response to the above question is that wild game just has a different, often stronger, flavor than the beef that we are used to in this country, but there is no reason it shouldn’t be delicious.

In this article I will give some tips to ensure that the meat from animals killed in the field, especially wild game, will taste good when it gets to the table. During hard times, or right now with hunting seasons going on and meat prices as high as they are, you might want to kill an animal to feed your kids. Small game is pretty easy and a good place to start. A few pounds of squirrels is easier to take care of than a couple hundred pounds of deer.

Gutting

After the shot, get the animal gutted as soon as possible. There are videos and books about field dressing animals, but I’ll explain the whole process here. Just search youtube, if it isn’t clear. Intestines hold a lot of bacteria, and dead animals will start to bloat immediately. The longer you let the animal sit, the more problems you will have. I’ve shot caribou and pronghorns that have gotten swollen abdomens within a few minutes of death. If you kill an animal and notice the stomach (or paunch area below the ribs) is bloating, be extra careful with the first incision. Cut from the sternum to the pelvis. If you’ve done it right, the intestines will still be contained in an internal sack. You want to cut the skin, not the intestines; if you cut the sack holding the intestines, it’s okay. However, getting half-digested food and feces on meat will ruin it (duh). Some animals dress out easier than others. Sometimes the intestines roll right out with hardly any effort at all, while sometimes they hang up in the carcass. I don’t know why. There really doesn’t seem to be any pattern to which animal will be hard or easy to gut. Take your time with the ones that don’t clean easily, because pulling on intestines will tear them and ruin meat. Also, be careful with the bladder.

Once the digestive system has been pulled out of the carcass, you must deal with the still-attached colon. Be careful here; we all know what the colon contains. There are a couple of ways to deal with this. You can cut deeply around the anus, from the outside in, being careful not to nick the colon, and pull the whole thing out through the cavity. Also, the pelvis can be split, exposing the last few inches of colon for easy removal. The method I find fastest and easiest in the field is to strip the colon by pinching it between the fingers and pushing the contents out or further into the intestines then cutting the colon and tying it off with an overhand knot to be removed during skinning.

Cleaning the Upper Carcass

Now you can clean out the upper part of the carcass, including the lungs, heart, liver, and esophagus/trachea. The ribs can be split up the sternum for easy access. I don’t usually do this, nor do I like to split the pelvis. It is much easier to keep debris off of the meat while I’m getting it out of the field with the carcass as closed up as possible. You’ve probably shot the animal through the heart/lungs area, since it is the biggest vital target, so this part of the animal will be a little messy. Just cut the diaphragm, reach up into the rib cage with your knife in hand, and cut the trachea as high up as you can. The heart and lungs will come out now. The heart can be eaten; put it in a bag.

The Liver

I’ve saved the liver for last. It probably came out with the intestines, and that is okay. If you cut the liver while removing it, you probably have a carcass full of blood. That’s okay, too. (I never understood how five pounds of liver could hold four gallons of blood.) I would recommend leaving the liver in the field. Some state game agencies recommend this, too, because livers can contain a lot of toxic stuff. The liver holds dangerous elements, like arsenic and cadmium, that are filtered out of the body. If you like liver, stick to beef liver.

Cleaning and Cooling Down

Now that the animal is “field dressed”, get it cleaned out and cooled down. If you are hunting on the back forty, like most deer hunters east of the big rivers, this means bringing the deer back to the house or barn and hanging it to cool. I always wash the carcass out with cold water. In early fall this can be done with the garden hose; during winter a few five-gallon buckets of water will do. It is easier to do if the animal is laying in the bed of a truck or trailer. Just pour water into the carcass and tip it up so everything can drain out.

As for cooling, this is a little tricky. I hang the animal head down. If the weather is warm, I will pour a bag of ice into the carcass. If it is warm (during the hunting season this means in the 50’s-low 60’s) but a frost has killed off the flies, I will skin the animal immediately and be sure that it is hung in the shade where a cool breeze can get to it. Leaving the hide on will insulate the animal and keep it too warm for too long. If the flies are still around, you will need to wrap it in something to keep them off. Game bags work but so do burlap or a bed sheet. Also citric acid can be sprayed on the meat to keep off bugs. If it is below freezing, leave the hide on and skip the ice. Ideally, you want the meat refrigerated, not frozen. I remove the head and what’s left of the trachea during skinning. If you can hang the carcass in a controlled environment that will keep it at a constant cold temperature, you can hang it for two to four weeks before butchering. This will help tenderize the meat, but most of us don’t have a walk-in refrigerator in which to hang a deer. In warm weather, the animal can be butchered after rigor mortis has passed, which should be a few hours. Be aware that if the temperatures are in the 50’s during the day, they will probably be in the 30’s during the night, so leaving meat to hang at least overnight is probably a good idea. In cold weather, I’ll let it hang for two to five days, if I can keep it from freezing. If it is going to freeze, I just go ahead and butcher.

If you kill something but can’t get it home, “quarter” the animal and hang it in game bags. Game bags are thin cloth bags, usually cotton, that allow air to cool the meat, but they keep dirt and insects off. Skin the animal and remove the front quarters, hind quarters, back straps and tenderloins, and neck meat. If you want the ribs, it is up to you; I never take the ribs. The ribs often have a bullet hole in them and bits of lung splattered around inside of them. Lungs are full of bacteria, and there isn’t much meat on a game animal’s ribs.

Gutless” Method of Field Removal

Here I’ll explain the “gutless” method of getting an animal out of the field. This also covers quartering. Quartering is the same, whether your animal is hanging in the barn or you have an elk down a few miles into the mountains. Skin the animal as you go, starting on either the hind or front quarters. For the front quarters, skin from the “wrist”, removing the foot at the joint. It takes a little practice, but you can slice the outer tendons of the joint, then snap it back on itself, and cut the tendons inside to remove the foot without a saw or something to chop with. Skin down the inside, past the elbow, and into the armpit area. Quartering is a two man job– one man to hold the now-skinned appendage off of the ground and one to cut. If you are alone, tie the leg to something to hold it off of the ground. The front shoulders float and are easily cut off. The hind quarters are similar to the front but are heavier and attached to the pelvis via a ball joint. Find the joint and slice the tendons. The rear quarters can then be removed. The backstraps run from the shoulder to the hips on each side of the spine. Skin back to the spine, then slice down between the spinal process and the meat, then between the top of the ribs and the meat. Keep cutting until the backstrap is free. The neck meat can be removed from either side of the spine by skinning the neck and simply slicing it free. The last cut to remove is the tender loin. The tender loins lay inside the carcass along the back between the pelvis and ribs and can be removed once the backstraps are off. Now your meat is removed; you have a pile of bones and guts, which you never had to touch, left for the coyotes.

Improving Meat Quality

Now, we have the meat out of the field. It is cool, clean, and ready to be cut into steaks. Here are some tricks to improve the quality of what you eat:

  • REMOVE THE BONES. Always take the bones out of game meat. The bones add a stronger flavor to the meat; I think it is something in the marrow. It only takes a few minutes to do this, yet it will make a big improvement in flavor.
  • GET THE MEAT COOLED AS SOON AS POSSIBLE. I can’t stress this enough. Don’t drive around the county showing all of your buddies the giant deer you killed. They will have plenty of time to be jealous when they see the antlers hanging on your wall.
  • Remove the fat. Big game’s fat is nasty. Generally the fat on game animals is contained outside and around the meat, rather than marbled throughout. Animals store fat for winter, and it is easily removed so take it off. When cooked it turns into a smelly, yellow jelly. I shot a bear once that had been feeding on salmon, fattening up for the winter. I could hardly stand the smell of rotten fish coming off of his fat, as I skinned him. I thought the meat would be inedible. I cut the fat off and cooked up a piece just to make sure. That bear was some good eating; all of the fishy smell was contained in the fat. The bear meat was fine.
  • Always cut into the skin with your knife’s spine against the meat and the edge facing out. Get under the skin and push your knife away from you. If you slice down through the skin, you will cut the animal’s hair and it will get all over everything.
  • Wear rubber gloves. If your hands are like mine, they always have scratches and abrasions on them. Mixing an animals blood with yours is a recipe for an infection. After cleaning the animal clean your hands. I always have a bottle of isopropyl alcohol in the vehicle when hunting. After washing off the blood, I wipe down my hands and arms with the alcohol.
  • It is inevitable that some hair will get on the meat, but get it off. Animals don’t bathe. Furthermore, wild animals have scent glands in different areas of the body, usually in the head and hind legs. Those scent chemicals get on the hair. Also, males especially will wallow in mud that is soaked with their own urine, or they will urinate on themselves during the breeding season. You don’t want any of that on the meat. Try to keep hair off of the meat and use a towel soaked in vinegar to remove any that you miss. Don’t be afraid to wash meat with cold water. You don’t want to use vinegar? Then, hit the outside quickly with a torch to burn off the hair.
  • Don’t let meat soak in its own blood. If you have to put meat in a cooler, make sure it will drain, and then change the ice as often as necessary.
  • Some game meat gets gross after the animal starts rutting. Caribou comes to mind. Male animals will stop eating or eat much less during their breeding period. When this happens, the animal will begin to “burn fat”; that’s right, they burn that nasty fat I talked about a few bullet points back. It can effect the taste of meat. In caribou it really effects the meat, as in even your dog wouldn’t eat the tenderloins of a rutting caribou.
  • Remove the silver skin from the meat. Silver skin or sinew is the connective ligament that surrounds and attaches muscle to bone. This is tough stuff and is sometimes difficult to remove. You probably won’t be able to remove all of it, but cutting it from the outside of the meat will make it more tender.
  • For steaks, shoot a young animal. Old animals will be tougher and stronger tasting. If tender, tasty, steaks are what you are after, then shoot a fawn or calf. Does this offend your sensibilities? It shouldn’t. It’s a Disney view of animals that has caused you to be upset. From a scientific standpoint, the yearlings are the most expendable animals in the heard, with the exception of the rare barren doe/cow. A seven or eight month old whitetail deer or elk is as good as any veal. When we have an old animal down, we often cut the tenderloins and backstraps into steaks, cut out a couple of roasts, and then grind the rest up for burger and sausage.
  • Speaking of burger and sausage, you will want to cut in 10-15% with pork or beef suet or bacon, if you can find it cheap. Game burger is too lean and won’t hold together without adding to it.
  • If you take the animal to a butcher, keep your meat separate from everyone else’s. Talk to someone who butchers deer about how hunters treat the chore of field dressing. You will hear about the guys who cut the intestines getting feces on the meat, guys who have gut shot the animal and gotten bacteria-laden stomach contents all over the insides, meat that has been left in the heat too long, and other things that will turn your stomach. Most butchers will weigh the trim from your animal and then throw it in the grinder with everyone else’s trim to make burger and sausage. Now the meat that you have taken good care of is mixed with the stuff that sat in the sun too long. Offer to pay extra, if you have to, in order to have your game processed separately.
  • Learn to butcher the animal yourself, while the world is still functioning. If you want to butcher the animal yourself, it isn’t rocket science. It is hard work and is much more manageable if you have help. Three people are just about perfect for cutting up big game. Two guys cut; one guy wraps. Most kitchens aren’t set up for butchering. Setting up a couple of folding tables is usually better.
  • Remove bloodshot meat. Bloodshot meat is meat damaged by the bullet. It will be bruised, often with coagulated blood, in the area of the shot. Just cut it out.
  • If you’ve gut shot the animal, all is not lost. The gutless method of cleaning the animal shines here. You may still lose some meat but not as much as if you field dress the animal. Any meat that has been tainted by stomach contents must be cut out. If you have to field dress your kill, well, that stinks. A fresh kill isn’t bad, but any animal that has laid for a couple of hours is going to be tough. I’ve done it; the only advice I have is to breath through your mouth and try not to puke.
  • If an animal is sick, don’t eat it. Some animals are rotten when you shoot them. I’ve seen animals with infected injuries and tumors that have made the meat inedible. Usually these injuries only affect a small part of the animal. You might loose a quarter or some shank meat but nothing serious. Several diseases kill wild animals, and in every case game departments recommend not eating the meat of a sick animal. If you kill a sick animal, don’t eat the meat. Instead, call the conservation officer for your area; they may be able to issue a new tag.
  • If the meat smells bad, dump it. If you have a piece of questionable meat, the “sniff test” will usually tell you if it is good.
  • Animals carry parasites, so cook all meat thoroughly. I know I didn’t have to put this in, but you know full disclosure and all that.
  • Small game and birds taken with a shotgun will have shot in them. Sometimes you can pick it out but will probably miss some. That’s part of eating wild birds. Just don’t bite down and chip a tooth on a piece of chilled shot. If an animal is “shot up”, try cutting off the good meat and making a casserole with it.
  • Speaking of game birds, plucking is better than skinning. It also takes longer. A plucked bird will not dry out in the oven as quickly as a skinned one.
  • On the other end of the spectrum, wild fowl (geese especially) are not as fatty as their tame cousins. If you’ve cooked a farm-raised goose, you probably thought it was greasy. That isn’t true of wild geese, at least not the Canadian variety. Wild water fowl will have a thin layer of fat around it. However, when cooked, this will make the meat moist and full of flavor. A bird’s fat isn’t the same as the fat of big game, which, as noted earlier, is nasty.
  • If you do skin birds, cook them in an oven bag. This will help keep the meat moist. Even doing this you may have dry thigh meat in large birds. It’s not a problem though, because the left over and dry meat of geese and turkeys is perfect for soup.
  • Hanging small game and birds to age isn’t necessary. Though, in Scotland, “High Scottish Grouse” is considered a delicacy, where a grouse is hung on the porch until the meat is literally rotting off the bone before preparing. If you are fond of Scottish cuisine, go for it. Otherwise, don’t age small game meat.

With a few extra minutes of preparation and a little extra care, you can be eating some of the healthiest meat available, and it will taste good, too. Does venison taste “gamey”? Nope, not even a little. Properly-prepared venison can be thrown on a grill and cooked just like a New York strip. The flavor will not be the same as beef, anymore than the flavor of lamb will be the same as beef. Embrace the difference, and enjoy the meal.

Best regards.



Letter Re: Surviving Financial SHTF and Becoming Debt Free, by K.D.

HJL,

KDs advice on getting out of debt and getting spending under control is spot on, but I am curious what KD and the SurvivalBlog editor recommend for retirement savings. Obviously silver and gold are vital components of any investment portfolio, as a hedge against the failure of currency, but these investments do not pay dividends and cannot be relied upon as a complete retirement plan.

When investing for the auction price of a stock, as the mainstream foolishly recommends, I agree with SurvivalBlog that the stock market can be a dangerous store of wealth. However, if you approach investing with the same mindset as you would if purchasing a corner 7/11 store, you cannot lose, short of a complete currency collapse.

KD mentioned pulling his/her money out of the stock market before the 2008 crash as being a good move. I have heard similar statements from many of my fellow preppers. Let’s consider what would have happened if KD had owned stock in Coca-Cola (KO) prior to 2008. Coca-Cola is a strong company with a wide moat brand, which has increased its dividend every year for over 50 years. When the 2008 crash happened, the auction price of Coca-Cola’s stock dropped considerably, but holders of the stock continued to earn the same increasing amount of money in dividends as before the stock crashed. This is because no one in America has ever turned on the news and said “Aaaah! The stock market’s crashing! I’ve got to immediately stop using my food stamps to buy soda, junk food, and other stuff I don’t need!” A wise person could then use the stock market dip to purchase more shares of KO at the sale price and earn even more of the awesome dividend. A patient person, holding their investment, would have then regained all of the investment’s value a few years later.

When you invest in dividend growth stocks, all anxiety relating to a stock market crash or closure ceases to exist. In fact, you pray for a stock market collapse so you can load up on cheap shares of awesome dividend growth stocks. Fairly valued (P/E < 20), quality companies with strong histories of growing dividends, good growth, and solid brands can be used to grow wealth to the point that a person can retire early.

The only way the dividend growth investor loses money is if Americans suddenly stop buying cigarettes, cheeseburgers, and gasoline, in which case life would probably be so horrible that the investor would be less concerned about their hoard of wealth and more concerned about procuring weapons and ammunition to fight off mauraders. I am not suggesting that people shouldn’t prepare for emergencies, or even full-scale civilization collapse. What I am saying is that people have been predicting the end of time since the beginning of time and that the world as we know it may very well not end within our lifetime. It would be foolish to put all of our wealth into disaster preps, only to reach retirement age and have no U.S. currency available to purchase necessary goods and services in this fiat-based economy. Preppers work so hard to prepare for hard times, why is it that we reject the idea of preparing for the contingency of good times?

Not so long ago in history, average people did not have access to the tools needed to retire and instead worked until they died. I encourage everyone to work as hard as they can to grow their wealth and intelligently use available methods to retire as early as possible, so they may maximize their enjoyment of this short and precious life. – D.R.



Economics and Investing:

Weather, tight supplies drive U.S. cattle prices to new high

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Winging it through retirement: 30 percent of Americans have no retirement savings.

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The politics of housing: Why are many blue cities unaffordable to the middle class?

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Items from Mr. Econocobas:

24% Of Millennials “Expect” Student Loan Forgiveness – As someone with student loans, I understand the frustration of an highly overpriced “asset”, but this is insanity to even think this.

Video: David Stockman Interview On Bloomberg TV: Congress Is In A Fiscal Coma—Do Not Disturb!

Video: David Stockman Interview On Bloomberg TV: Central Banks Setting Up World for Bad Time: Video – Bloomberg



Odds ‘n Sods:

A Recent Podcast: Survivalism As a Financial Plan: the Tactics for “Surviving the End of the World as We Know It” Applied to Modern Life – Interview with James Wesley, Rawles

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Swiss Democracy: They listen to their people! What’s the matter with our country?? – Avalanche Lily

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Krayton Kerns: God, Guns and Guts – Avalanche Lily

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Your “Children Will Be Fined” If You Fail To Sign Up For Obamacare: People Are Going To Be In for A Shock. – B.B.

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Water thievery on rise amid California drought. – T.P.



Hugh’s Quote of the Day:

“Then Herod, when he saw that he was mocked of the wise men, was exceeding wroth, and sent forth, and slew all the children that were in Bethlehem, and in all the coasts thereof, from two years old and under, according to the time which he had diligently enquired of the wise men. Then was fulfilled that which was spoken by Jeremy the prophet, saying, In Rama was there a voice heard, lamentation, and weeping, and great mourning, Rachel weeping for her children, and would not be comforted, because they are not.” Matthew 2:16-18 (KJV)



Notes for Saturday – November 15, 2014

Today, we present another entry for Round 55 of the SurvivalBlog non-fiction writing contest. The $12,000+ worth of prizes for this round include:

First Prize:

  1. A Gunsite Academy Three Day Course Certificate, good for any one, two, or three 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 hardcase 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 then 1 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 Warehouseis providing 30 DMPS AR-15 .223/5.56 30 Round Gray Mil Spec w/ Magpul Follower Magazines (a value of $448.95) 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 $300 gift certificate from CJL Enterprize, for any of their military surplus gear,
  7. A 9-Tray Excalibur Food Dehydrator from Safecastle.com (a $300 value),
  8. A $300 gift certificate from Freeze Dry Guy,
  9. A $250 gift certificate from Sunflower Ammo,
  10. 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,
  11. TexasgiBrass.com is providing a $300 gift certificate.
  12. 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. Acorn Supplies is donating a Deluxe Food Storage Survival Kit with a retail value of $350,
  4. The Ark Instituteis 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,
  5. $300 worth of ammo from Patriot Firearms and Munitions. (They also offer a 10% discount for all SurvivalBlog readers with coupon code SVB10P),
  6. A $250 gift card from Emergency Essentials,
  7. Twenty Five books, of the winners choice, of any books published by PrepperPress.com (a $270 value),
  8. TexasgiBrass.com is providing a $150 gift certificate,
  9. Organized Prepper is providing a $500 gift certificate, and
  10. RepackBoxis providing a $300 gift certificate to their site.

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,
  5. Mayflower Trading is donating a $200 gift certificate for homesteading appliances,
  6. Ambra Le Roy Medical Products in North Carolina is donating a bundle of their traditional wound care and first aid supplies, with a value of $208, and
  7. APEX Gun Parts is donating a $250 purchase credit, and
  8. SurvivalBased.com is donating a $500 gift certificate to their store.
  9. Montie Gearis donating a Y-Shot Slingshot and a Locking Rifle Rack. (a $379 value).

Round 55 ends on November 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.



Surviving Financial SHTF and Becoming Debt Free, by K.D. – Part 2

Meanwhile, I made another spreadsheet. This spreadsheet listed everything we owned, and I do mean everything. Well, it included everything except our house. We were underwater and basically renting anyway. Since we were at war with the banks, everything was in the fight, including all of our preps, everything. After all, this was our SHTF situation to deal with. We prioritized our “stuff ” from 1-5. An item identified with a one was among the most useful to our survival, and those things that were least useful were given a five. We then began selling the items listed as fives and fours through various methods– on craigslist, by word of mouth, yard sales, and bulletin boards. We didn’t use Ebay, since they charge a fee and shipping was extra work. We were able to keep it local. Did we sell things at less than fair market rates? Yes, many times we did just that. Like so many others in tough times, we needed cash. We actually learned a lot about value during this time.

In the early days of our fight, we also minimized our expenses. We looked at our utilities and bills. We cut out about 15% of our utility usage, canceled our cable, renegotiated our cell phone (needed for work), and canceled three subscriptions we had for various things, such as Netflix. We started shopping at Goodwill and similar thrift stores again. We stopped at yard sales when we would see them. We saved aluminum cans and redeemed them when we accumulated enough to see a payback. We carpooled to work and so much more. I have a hobby doing leatherwork. I started selling items like belts, holsters, and sheaths to friends and relatives for a little extra each month. The wife’s job provided overtime periodically, and she worked as much as she could. In a short while, we had 20% of our income being used for the war.

One note about Goodwill. We were able to obtain items we could sell at a small profit every once in awhile, and I was able to find useful items for my leatherwork. Things like buckles, clips, and snaps were removed from old purses and belts and then re-purposed.

Amazingly, at least to me, within a year and a half we had our six month reserve fund saved up. We had ended up selling most of our fives, fours, half of our threes, and a few of our twos, and ones. We would have reached this goal much earlier, but the battle of the wife’s debt was waged at the same time. She would negotiate lower payments and or payoff amounts. An interesting incident happened early on. I received a call from a credit card company I had with one of the two cards I held (both were maintained in good standing). My wife had a card serviced by the same company, but I wasn’t even an authorized user on her card. The gentleman said that I had to pay my wife’s debt or he would cancel my card and terminate my Credit Union account. He actually threatened to cancel my checking and savings accounts. I had this card for 15 years and had never been late on any payments, but I had hardly ever used it. I came to find out that his company somehow was involved with the Credit Union and actually could possibly do just what he had threatened to do. I countered with legal action, if he were to go through with his threats. They did cancel my card, but they left my other accounts alone. We did have to use some of our reserves during this battle. We had to take out 401K loans twice, which we would payoff asap. In the end, we reached agreements with all of them; the amount paid averaged out to 60% of what was owed.

At this point we had won the largest battle of the war. It was a battle, that if we’d lost, would have probably cost us the war and so much more! We suffered our own losses, of course. We had sold many items we would have to replace sometime in the future. Our preparedness was probably half of what it was when we started. Our credit ratings had been affected (the wife’s severely), but it wasn’t affected as bad as one would think. Our income tax bill had jumped because every penny we negotiated down with the credit companies was considered income. Still, we were emboldened and happy with this win, and so we went on the offensive.

Our next battle was to go after our three remaining credit card debts. First, I called the company of each of the two cards I had and requested a lower interest rate. One agreed and lowered my rate from 18% to 14%, but the other wouldn’t even consider it. I was stuck at 19% with them. We didn’t bother to call on the wife’s card, due to her current rating. Ironically, her interest rate was at 11%, since she had obtained the card when her credit was impeccable. The power of a good credit rating can not be overstated. A rating of 650 gets that person access to minimal credit at loan shark rates, while an 820 score gets that person unlimited access to credit, reasonable rates, and perks are offered to boot. A prudent 820 person can use the banks money, while a 650 person must beg to pay the bank. We didn’t have much of a balance on our cards compared to some other debt, but the interest rates were horrendous. Each time we paid one off, the payment amount was added into the next. The first was cleared in three months, the second three months later, and the last a year after we had started on them. The minimum payments required were not large, but the amount of interest was 80% of what we sent in. By paying them off, that interest was now free to be used in our next battle.

Next we attacked our two vehicle loans. We paid off one in six months, sold it, and bought an older vehicle. Selling it outright would have left us with a single vehicle, which was not feasible. We used the excess money from the sale to attack the second vehicle loan. This battle was won six months later.

At this point we were really excited about how the war was progressing. In three years we had established a six month financial reserve and won the gambling battle, the credit card battle, and the car loan battle. We were out of our SHTF scenario but vowed to redouble our efforts to win the war outright. We maintained our frugal lifestyle and now were applying 40% of our income to the fight. We were now down to one small and two huge battles. We owed on a fairly small student loan, a brand new Ford F250-sized second mortgage, and a mind numbingly large primary mortgage. We don’t own a huge house, and our mortgage payment wasn’t real big compared to others. It was 18% of our monthly income, but in this war it was so large compared to the other battles that it was hard to maintain focus on achieving our goal of eliminating it. After all, the vast majority of people assume they will always have a mortgage payment. We were no different in the beginning. No longer. It was now our greatest enemy.

We paid off the student loan first and then focused on the second mortgage. We once again turned to our 401K accounts. We borrowed the money from our account and paid it off. One thing about taking a 401K loan, at least ours, is that we pay ourselves interest at a 3.25% rate. In our case our second mortgage was at 6.25%, so by taking out a 401K loan we went from giving the bankers 6.25% to putting an additional 3.25% into our retirement account. Yes, we lost some potential gains from the stock market, but to us it was even more important to stop paying a bank. At this point, we were no longer under water in our house. We now owned a portion of it. The wife told me, “At least we now own your favorite part of the house.” Like an idiot I bit. “Where’s that?” I asked. “Why, the bathroom of course!” she said.

Now we were down to two loans– a 401K loan from ourselves and the dreaded mortgage. In our mortgage we were paying the bank 75% of our payment in interest, with only a measly 25% going to principal. We had looked into refinancing our mortgage a few times during this war. We even qualified for zero fee HARP refinancing, but I wondered at what price. We would reset the payment clock. By doing a refinance, we would have been paying 95% in interest for each payment, compared to the 75% we paid at the time with our existing loan. Our payments would have been less, but every time I looked closely it was no better than a wash. Our payments would be less, but more of the new payment would go towards interest; even if we applied the difference between the old and new payments towards principle, it was the same result.

We now focused on paying ourselves off. We wanted to eliminate the 401K loans before we tackled the mortgage. We did this mainly because we wanted to have 401K loans available for our assault on the mortgage. A huge thing happened that helped us at this point; my child support obligation ended. After that was completed, we were utilizing 60% of our income in the war. So we doubled our principle payments to the bank for our first mortgage while paying off our 401K loan. In March of 2012 we paid off the 401K loan. We now only had the mortgage to deal with.

We were now confident in our ability to control our finances, so we added a fourth step to our plan.

  1. Use enemy resources whenever possible. If we could use bank money for our gain, we would whenever feasible.

This is where some might consider we had slid backwards. I say this because we got another credit card and credit cards are the most dangerous weapon a bank has to use against us. However, this card is different. It has great rewards associated with it and no fee. It’s an American Express card issued through Costco. I’m not promoting either one by the way. We get two or three percent back for purchases on this card. We got it in 2012 and use it in place of our debit card for almost everything. We simply pay if off each month. We know our limitations and our budget, and we spend accordingly, so the majority of our purchases go through this card. We have never made an interest payment, yet we have received a nice check from them each year. We are using their money each month and they are paying us to do so. They are betting we will screw up at some point. We know we won’t.

At this point in 2012, we were paying almost 60% of our income towards the mortgage in addition to our scheduled payment. This equates to four and sometimes five principle payments each month. Every three months we were reducing our payment schedule by a year. Every year our schedule was reduced by four years. By 2013 our interest to principle ratio had gone from 25/75 to 50/50 or so. We were on the way. At this rate we would pay off our mortgage in 2019, which was something like 15 years early.

We actually had a major advantage in this regard; I was to receive a large payment in the winter of 2013 for an injury I had endured in 1987. I did not receive the entire amount, however. The insurance company that held the rider had folded, but I did receive 60% of the funds from the Guarantee Association in my state. This is a whole other story on the pitfalls of insurance, government oversight, and outright governmental embezzlement/fraud…for another time, I guess.

So, in 2013, we were able to reduce our mortgage to an ultimate payoff in 2016. We now were at a ratio of 90/10, but we were not happy with that. Our ultimate goal was in sight, however. So last month we once again took out 401K loans. On October 8th we paid off our mortgage and became debt free. We now owe no bank anything. We only owe ourselves, and our financial future looks the brightest it’s ever looked. On the day we made the last payment, I told the wife that this is the first day I haven’t owed a bank any money since I was 21 years old, which was more than 30 years ago. We are now too small to fail. Our home has now recovered much of the value we lost in the crash of 2008, but we don’t care what it’s worth anymore. It’s our home.



Letter: Psychological Preparedness

Hugh,

People often can accept and understand, mentally, some horrific issue they have experienced, and yet they cannot accept it psychologically. Police, who have been shot and survived, have been interviewed, and almost invariably they will state that they could not believe that someone was actually shooting at them. Mentally, they could see what was going on; they could see the gun and hear the shots, but psychologically, they simply could not comprehend that someone was actually shooting at them.

I think the same psychological dynamic goes on in the whole collapse/economic depression scenario. You may have intelligent people who truly understand the awful economic data, the derivatives, ebola, wars and rumors of wars, and so forth, but they simply cannot accept/comprehend the reality of the situation. I was the same way. I have watched the economy and the government deficits for years; mentally I could process the information. However, suddenly about 18 months ago, I awoke one morning to discover that something in me clicked; I crossed a certain psychological threshold, and I accepted this collapse IS TRULY GOING TO HAPPEN. I think we preppers need to understand this in our discussions with other people. They may be very good people, but they’re people who simply have not crossed that “psychological threshold”. Keep up the good work, Chap.



Economics and Investing:

ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”. – B.B.

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The Reverse Of Central Bank Gold Flows Spells The Death Of The Dollar

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Items from Mr. Econocobas:

The Economic End Game Explained – This is a must read.

Video: David Stockman Interview On Bloomberg TV: Reagan History Is Revisionist Mythology

Foreclosures Spike as Banks Ramp Up Repossessions – I’ve lived next to a very nice unoccupied home for three years now, in a sought-after neighborhood, that has not even gone through the foreclosure process. These homes are all over the place.

Video: David Stockman CNBC Interview: The Infrastructure Starvation Myth