The Editors’ Quote of the Day:

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“When thou sittest to eat with a ruler, consider diligently what is before thee:

And put a knife to thy throat, if thou be a man given to appetite.

Be not desirous of his dainties: for they are deceitful meat.

Labour not to be rich: cease from thine own wisdom.

Wilt thou set thine eyes upon that which is not? for riches certainly make themselves wings; they fly away as an eagle toward heaven.

Eat thou not the bread of him that hath an evil eye, neither desire thou his dainty meats:

For as he thinketh in his heart, so is he: Eat and drink, saith he to thee; but his heart is not with thee.

The morsel which thou hast eaten shalt thou vomit up, and lose thy sweet words.

Speak not in the ears of a fool: for he will despise the wisdom of thy words.

Remove not the old landmark; and enter not into the fields of the fatherless:

For their redeemer is mighty; he shall plead their cause with thee.

Apply thine heart unto instruction, and thine ears to the words of knowledge.

Withhold not correction from the child: for if thou beatest him with the rod, he shall not die.

Thou shalt beat him with the rod, and shalt deliver his soul from hell.

My son, if thine heart be wise, my heart shall rejoice, even mine.

Yea, my reins shall rejoice, when thy lips speak right things.

Let not thine heart envy sinners: but be thou in the fear of the Lord all the day long.

For surely there is an end; and thine expectation shall not be cut off.

Hear thou, my son, and be wise, and guide thine heart in the way.

Be not among winebibbers; among riotous eaters of flesh:

For the drunkard and the glutton shall come to poverty: and drowsiness shall clothe a man with rags.

Hearken unto thy father that begat thee, and despise not thy mother when she is old.” – Proverbs 23:1-22 (KJV)

Preparedness Notes for Friday — November 1, 2019

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Today is the 100th birthday of Canadian test pilot Russell Bannock. (Pictured, on the left.)

These details on Bannock are courtesy of the Infogalactic wiki:

After entering the Royal Canadian Air Force (RCAF), Bannock received his pilot’s wings in 1940 and was appointed as an instructor at Trenton, Ontario. Later he was posted to Royal Air Force Ferry Command from June to August 1942. In September 1942, Bannock became chief instructor with the Flying Instructor School at Arnprior in Ontario. Bannock’s request for overseas service was granted in 1944 and he joined 60 OTU based in RAF High Ercall, England.

In June 1944, Bannock was then transferred to No. 418 Squadron RCAF, flying intruder missions over Europe with the de Havilland Mosquito Mk. VI fighter-bomber. He quickly proved adept at this type of operation and achieved his first victories. In October 1944, he was promoted to Wing Commander and took command of the squadron. Bannock also flew ‘Diver’ operations against the German V-1 “flying bombs” launched against London and southern England. On one mission he shot down four V-1s in one hour. A bar to his Distinguished Flying Cross (DFC) was added for his missions against the V-1s.

Bannock was transferred to No. 406 Squadron RCAF in November 1944 as commanding officer, and was awarded the Distinguished Service Order (DSO). By April 1945, Bannock had destroyed 11 enemy aircraft (including 2 on the ground), 4 damaged in the air and 19.5 V-1’s destroyed. Bannock became Director of Operations, RCAF Overseas Headquarters, in London in May 1945 until September 1945 when he attended the Royal Air Force Staff College. Retiring from the RCAF in 1946, Bannock joined the de Havilland Canada Aircraft Company as chief test pilot, flying prototypes like the Beaver and various short take-off and landing aircraft. In 1950 Bannock became Director of Military Sales and later Vice President and President from 1976 to 1978. In 1968 he formed his own consulting business, Bannock Aerospace Ltd.

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November 1st, 1923 was the birthday of science fiction writer Gordon R. Dickson (born 1923, died January 31, 2001). Many of his novels and short stories, such as Wolf and Iron, have survivalist themes.

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November 1st is also the birthday of economist Martin A. Armstrong. For many years he was a prisoner of conscience, in part because he refused to turn over his proprietary trading algorithms to Federal prosecutors. After seven years in prison without a trial, the longest Federal incarceration for contempt in American history, Armstrong was finally put on trial in a proceeding that was branded as a sham. He was convicted on securities fraud charges based upon some marginal testimony and given a five year sentence. He was released from prison in September of 2011. Notably, Armstrong continued to write his economics newsletter while in prison, producing most of the issues on a prison library typewriter.

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Today, I’m posting an essay that I penned.

A Lament for California

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With all of the recent news about squalid homeless encampments, mismanaged utilities, gun-grabbing Democrat politicians, a potentially bankrupt public employee pension fund, and wildfires in California, I thought that it would be apropos to post a personal lament. This is a largely autobiographical commentary on the sad fall of the state of my birth, since the 1960s. But first, let me look back a bit further in time:

Our Pioneer Roots

The Rawles family came to California in 1856, via covered wagon. My great-great grandfather, Joseph Rawles, was a fifth generation American of English extraction who was born in Ohio. He was a horse breeder. Seeing that Ohio becoming too populous, he decided to move west, bringing with him 50 head of horses. He settled his family near the tiny hamlets of Philo and Boonville, nestled in the Anderson Valley of the Coast Range, in Mendocino County. There, they first raised horses, and then during the Civil War they transitioned to raising sheep. By the 1870s, his two eldest sons owned more than 6,000 contiguous acres. And by the year 1900, they had flocks numbering more than 5,000 Merino sheep. They made a good living at selling wool and redwood timber. At that time California had a small and unpretentious government, with very little regulation of people’s lives and livelihoods.

By the time I was born, in 1960, various branches of the family had scattered throughout northern California. I was raised in the suburban town of Livermore, at the eastern fringe of the San Francisco Bay Area. In 1960, Livermore’s population was around 16,000. As of 2019, it is now close to 87,000.  But in the 1960s, it was quite pleasant small town with some brown smog that crept in from Hayward and Oakland, but very little crime or traffic. The public schools were good and people generally got along very well. My school classmates were mostly the children of Lawrence Radiation Laboratory employees (like me), or the children of ranchers and wine grape growers. (With surnames like Wente and Concannon.)

In the California where I grew up in the 1960s and 1970s, it still very much the traditional conservative bedrock culture, where most people owned guns and went to church on Sundays. Kids like me went out in the hills around town and shot jackrabbits with our .22s. Nobody blinked an eye when they saw 14 year-olds on bikes with .22 rifles slung across our backs. (See the book Suburbia, by Bill Owens. Nearly all of those photos were taken in Livermore, from around 1968 to 1972. The cover photo from that book tops this article.)Continue reading“A Lament for California”

Economics & Investing For Preppers

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Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in Federally antique Finn M39 Mosin Nagant rifles. (See the Tangibles Investing section.)

Precious Metals:

It is noteworthy that the ratio of silver to gold spot prices peaked at around 92.5-to-1 in mid-July, 2019, and is now down to around 82.5-to-1.  But I believe that this slide will continue, even if there is a deep global recession. The bottom may be as low as 15-to-1–although that may not come until the second half of the 21st Century. I suggest that you should still ratio trade out of gold and into silver, unless secure storage space is very limited in your home. I’ve often written that silver makes great “ballast” for a home gun vault.

o  o  o

The End Of Fiat In One Chart?

Economy & Finance:

Fed at a crossroads: Rate cut likely this week, but is this the last hurrah?

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Caterpillar just flashed the latest warning sign for the global economy. (Thanks to H.L. for the link.)

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National Pravda Radio (NPR) reports: As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump’s Target

o  o  o

The Demographic Depression Will Overwhelm Central Bankers Over The Upcoming Decade

Continue reading“Economics & Investing For Preppers”

Preparedness Notes for Thursday — October 31, 2019

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As Christians, our family does not celebrate the pagan Halloween. Since October 31st is also Reformation Day, that is what we celebrate, here at the Rawles Ranch. This year we’ll be having a small Reformation Day feast dinner featuring squash from our garden, something plump from our poultry house, and apple cider that we pressed.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 85 of the SurvivalBlog non-fiction writing contest. The more than $12,000 worth of prizes for this round include:

First Prize:

  1. A $3,000 gift certificate towards a Sol-Ark Solar Generator from Veteran owned Portable Solar LLC. The only EMP Hardened Solar Generator System available to the public.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any one, two, or three day course (a $1,095 value),
  3. A course certificate from onPoint Tactical 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,
  4. DRD Tactical is providing a 5.56 NATO QD Billet upper. These have hammer forged, chrome-lined barrels and a hard case, to go with your own AR lower. It will allow any standard AR-type rifle to have a quick change barrel. This can be assembled in less than one minute without the use of any tools. It also provides a compact carry capability in a hard case or in 3-day pack (an $1,100 value),
  5. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  6. A $250 gift certificate good for any product from Sunflower Ammo,
  7. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.

Second Prize:

  1. A gift certificate from Quantum Harvest LLC (up to a $2,200 value) good for 12% off the purchase of any of their sun-tracking models, and 10% off the purchase price of any of their other models.
  2. A Front Sight Lifetime Diamond Membership, providing lifetime free training at any Front Sight Nevada course, with no limit on repeating classes. This prize is courtesy of a SurvivalBlog reader who prefers to be anonymous.
  3. 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,
  4. A $300 purchase credit for any of the products from EMPShield.com
  5. A Three-Day Deluxe Emergency Kit from Emergency Essentials (a $190 value),
  6. 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).
  7. An assortment of products along with a one hour consultation on health and wellness from Pruitt’s Tree Resin (a $265 value).

Third Prize:

  1. Good2GoCo.com is providing a $400 purchase credit at regular prices for the prize winner’s choice of either Wise Foods or Augason long term storage foods, in stackable buckets.
  2. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  3. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  4. Expanded sets of both washable feminine pads and liners, donated by Naturally Cozy (a $185 retail value),
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. Mayflower Trading is donating a $200 gift certificate for homesteading appliances.

Round 85 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.

A Range on the Homestead, by 3AD Scout

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Practice makes perfect. And being able to safely practice firearms shooting could truly be a lifesaving skill.  I have been shooting since I was about four years old. Some of my earliest memories are walking out onto our back porch with the Remington .22 single shot rifle (that I still have to this day), that was longer than I was, with my dad and brothers just shooting into the backyard at tin cans.  As time went on, I joined various gun clubs and it was always disappointing that I spent more time waiting for others to go down range and back to check their shots.  I am all for post-shot analysis but doing it down range while others are waiting to shoot is rude.

I used to go to a local state game lands shooting range until some wanna-be gangsta’ showed up and had no clue about range etiquette let alone firearms safety. He loaded his .45 and started to walk back from the firing line. There were two other gentlemen shooting on the line besides my wife and I. I looked over at them and they looked at us. I just said: “Hey, guy you need to shoot from up here.” He was nice about it and came up to the line, turned the gun sideways and pulled the trigger several times. The rounds impacted only a few feet in front of the firing line and dirt rained down on us. I quickly made safe our pistols and put them in the case and beat feet back to the parking lot. That was the last time I used, and will ever use, a free and “open to the public” range.

Between risking my life at free ranges and spending a lot of time waiting to shoot, having a place to hone our skills stood high on our list of wants for our homestead/BOL. The other issue I have with public ranges and gun clubs is that their rules basically make it impossible to do drills such as moving, transitioning from carbine to pistol, and other tactical drills. Having your own range allows you the freedom to practice more than just shot placement from standing or sitting at a shooting bench.

Creating Our Range

We did not have a great backstop so one had to be made.  I have learned over the years that a little pre-planning and forethought go a long in way in helping ensure that time and money are not wasted. I scoured the Internet looking for examples of how other people made their home ranges. They were somewhat useful but I was looking for some specific information pertaining to stopping power of different types of media. Specifically, I was seeking what material had the “best” stopping power that I could afford. Was it dirt, rubber mulch, sand, or something else? Should I build a cement block wall to hold the stopping media or perhaps a log crib?Continue reading“A Range on the Homestead, by 3AD Scout”

The Survivalist’s Odds ‘n Sods:

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SurvivalBlog presents another edition of The Survivalist’s Odds ‘n Sods— a collection of news bits and pieces that are relevant to the modern survivalist and prepper from “JWR”. Our goal is to educate our readers, to help them to recognize emerging threats and to be better prepared for both disasters and negative societal trends. You can’t mitigate a risk if you haven’t first identified a risk. Today, we look at the dramatic drop in winter wheat acres planted.

Connecticut State Police Now Has Firearms Sniffing Dogs

Connecticut State Police roll out firearms sniffing dogs. (Thanks to reader G.P. for the link.)

U.S. Winter Wheat Acres Drop Dramatically

Another from G.P.: U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years. The article opens with these lines:

“America’s bread basket looks like it’s going gluten free: Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years.

That’s according to a Bloomberg survey. Analysts are predicting another year of declines for acreage as U.S. producers face stiff competition from global rivals gathering bumper crops. World supplies are so plentiful that futures for hard red winter wheat are down about 15% in 2019, one of the worst performances for commodities this year. In some parts of the southern U.S. Plains, wheat is now cheaper than corn, making the yellow grain a better bet.”

California Undercover Agents Staking Out Nevada Gun Shows

And another from DSV: California Undercover Agents Staking Out Nevada Gun Shows. The aricle begins:

“Undercover California law enforcement agents are prowling gun shows in Nevada, watching for attendees with California license plates on their cars. This article from the LA Times emphasizes that they’re looking for buyers bringing “assault weapons” and “high capacity” magazines back home.

However, now that ammunition is subject to a background check in the Golden State, you can bet that they’re stopping those buyers, too. And while not mentioned in the article, does anyone think they’re not also staking out gun stores near the border as well?”

Continue reading“The Survivalist’s Odds ‘n Sods:”

Preparedness Notes for Wednesday — October 30, 2019

October 30th, 1735 was the birthday of President John Adams. (Other sources cite his birthdate as October 19, 1735.) He died on July 4, 1826–just a few hours after the death of Thomas Jefferson.

—

My #1 Son, who owns and operates the popular SurvivalRealty.com spin-off web site wrote to mention this unusual 148-acre property, near Elk City, Idaho: Isolated Mountain Retreat.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 85 of the SurvivalBlog non-fiction writing contest. The more than $12,000 worth of prizes for this round include:

First Prize:

  1. A $3,000 gift certificate towards a Sol-Ark Solar Generator from Veteran owned Portable Solar LLC. The only EMP Hardened Solar Generator System available to the public.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any one, two, or three day course (a $1,095 value),
  3. A course certificate from onPoint Tactical 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,
  4. DRD Tactical is providing a 5.56 NATO QD Billet upper. These have hammer forged, chrome-lined barrels and a hard case, to go with your own AR lower. It will allow any standard AR-type rifle to have a quick change barrel. This can be assembled in less than one minute without the use of any tools. It also provides a compact carry capability in a hard case or in 3-day pack (an $1,100 value),
  5. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  6. A $250 gift certificate good for any product from Sunflower Ammo,
  7. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.

Second Prize:

  1. A gift certificate from Quantum Harvest LLC (up to a $2,200 value) good for 12% off the purchase of any of their sun-tracking models, and 10% off the purchase price of any of their other models.
  2. A Front Sight Lifetime Diamond Membership, providing lifetime free training at any Front Sight Nevada course, with no limit on repeating classes. This prize is courtesy of a SurvivalBlog reader who prefers to be anonymous.
  3. 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,
  4. A $300 purchase credit for any of the products from EMPShield.com
  5. A Three-Day Deluxe Emergency Kit from Emergency Essentials (a $190 value),
  6. 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).
  7. An assortment of products along with a one hour consultation on health and wellness from Pruitt’s Tree Resin (a $265 value).

Third Prize:

  1. Good2GoCo.com is providing a $400 purchase credit at regular prices for the prize winner’s choice of either Wise Foods or Augason long term storage foods, in stackable buckets.
  2. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  3. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  4. Expanded sets of both washable feminine pads and liners, donated by Naturally Cozy (a $185 retail value),
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. Mayflower Trading is donating a $200 gift certificate for homesteading appliances.

Round 85 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.

Testing My Grid Down Preps in the UK, by Culian

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I live in the UK and have been prepping for twelve months. Two things worry me: Brexit and Grid Down. I’ll mention Brexit, but this article is about testing my plan for Grid Down.

Brexit is the plan for the UK to leave the European Union (EU). Most of what we consume comes from Continental Europe and we are told that the UK government has got effective contingency plans to cope with leaving the EU. There is nothing in place, however, to import food. Panic buying will empty a supermarket within hours and the distribution hubs only hold food for 5 days. Day 6 could see us very hungry.

Since the fiasco of March 2019, it is estimated that a third of UK households have stockpiled three months of food, just in case. As a committed Prepper, I have gone beyond just three months of food: I have a few basics for water filtration, security, hygiene etc. We also practice meals based on dry and tinned food, with minimal washing up.

The UK has one National Grid, built in the 1960s. It is maintained, but has not been upgraded. We get power failures every few years, usually for about 24 hours or so and it is this scenario I wanted to test. Our last significant power failure, when we lost power for three days, was five years ago. For my wife and I, and two teenage daughters, it was an unmitigated disaster. As soon as my daughters realised that they couldn’t wash their hair or charge their phones, they left! I wanted to do better next time.Continue reading“Testing My Grid Down Preps in the UK, by Culian”

JWR’s Recommendations of the Week:

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Here are JWR’s Recommendations of the Week for various media and tools of interest to SurvivalBlog readers. The focus is usually on emergency communications gear, bug out bag gear, books and movies–often with a tie-in to disaster preparedness, and links to “how to” self-sufficiency videos. There are also links to sources for both storage food and storage containers. You will also note an emphasis on history books and historical movies. As an Amazon Associate I earn from qualifying purchases. This week the focus is on the new Ghost Gunner 3. (See the Gear & Grub section.)

Books:

Reader Steve R. suggested the book Crisis in the Red Zone: The Story of the Deadliest Ebola Outbreak in History, And of the Outbreaks to Come, by Richard Preston.

o  o  o

Blue Moon: A Jack Reacher Novel. JWR’s Comment: This one has had better reviews than his last two.

o  o  o

Food: What the Heck Should I Cook?: More than 100 Delicious Recipes–Pegan, Vegan, Paleo, Gluten-free, Dairy-free, and More–For Lifelong Health

o  o  o

The Pocket Guide to Prepper Knots: A Practical Resource to Knots That Can Help You Survive

Continue reading“JWR’s Recommendations of the Week:”

Preparedness Notes for Tuesday — October 29, 2019

1

October 29th is the birthday of fighter pilot Vermont Garrison, an American who fought in three wars– WWII, Korea, and Vietnam. He was born in 1915 and died on February 14th, 1994, in Mountain Home, Idaho.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 85 of the SurvivalBlog non-fiction writing contest. The more than $12,000 worth of prizes for this round include:

First Prize:

  1. A $3,000 gift certificate towards a Sol-Ark Solar Generator from Veteran owned Portable Solar LLC. The only EMP Hardened Solar Generator System available to the public.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any one, two, or three day course (a $1,095 value),
  3. A course certificate from onPoint Tactical 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,
  4. DRD Tactical is providing a 5.56 NATO QD Billet upper. These have hammer forged, chrome-lined barrels and a hard case, to go with your own AR lower. It will allow any standard AR-type rifle to have a quick change barrel. This can be assembled in less than one minute without the use of any tools. It also provides a compact carry capability in a hard case or in 3-day pack (an $1,100 value),
  5. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  6. A $250 gift certificate good for any product from Sunflower Ammo,
  7. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.

Second Prize:

  1. A gift certificate from Quantum Harvest LLC (up to a $2,200 value) good for 12% off the purchase of any of their sun-tracking models, and 10% off the purchase price of any of their other models.
  2. A Front Sight Lifetime Diamond Membership, providing lifetime free training at any Front Sight Nevada course, with no limit on repeating classes. This prize is courtesy of a SurvivalBlog reader who prefers to be anonymous.
  3. 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,
  4. A $300 purchase credit for any of the products from EMPShield.com
  5. A Three-Day Deluxe Emergency Kit from Emergency Essentials (a $190 value),
  6. 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).
  7. An assortment of products along with a one hour consultation on health and wellness from Pruitt’s Tree Resin (a $265 value).

Third Prize:

  1. Good2GoCo.com is providing a $400 purchase credit at regular prices for the prize winner’s choice of either Wise Foods or Augason long term storage foods, in stackable buckets.
  2. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  3. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  4. Expanded sets of both washable feminine pads and liners, donated by Naturally Cozy (a $185 retail value),
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. Mayflower Trading is donating a $200 gift certificate for homesteading appliances.

Round 85 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.

Guest Article: Gold, Credit and the Coming Financial Collapse, by Hubert Moolman

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Since 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored.

The last time there was a decline close to this magnitude,there was a sharp deflationary recession. That was the one that occurred from 1920 to 1921.

Below, is a long-term chart of the Monetary base that goes back to 1918:

During the 1920-1921 recession the decline in the monetary base eventually made it into the broader money supply and this caused a significant drop in price levels (between 13% and 18%) during the recession, with wholesale prices dropping as much as 36%.Continue reading“Guest Article: Gold, Credit and the Coming Financial Collapse, by Hubert Moolman”