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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the prospect of a One World Currency.

Precious Metals:

Will Basel III Send Gold To The Moon?

o  o  o

Arkadiusz Sieroń: Will Global Slowdown Support Gold…Or Is It Just Temporary?

Economy & Finance (One World Currency):

Fed’s QE Unwind Reaches $535 Billion, Balance Sheet Drops to $3.94 Trillion, Old Autopilot Still Engaged. JWR’s Comments: As I’ve mentioned before: The Money Multiplier Effect of QE also works in reverse, as QE is backed off. (So-called “Unwinding.”) The net effects on the economy will be painful, stifling credit and economic growth.  But perhaps a deep recession is what The Powers That Be want, to make certain that DJT is not re-elected in 2020.

o  o  o

BIS General Manager Outlines Vision For Central Bank Digital Currencies. JWR’s Comment: As I’ve written before, The Powers That Be only want cryptocurrencies that they can control, can fully track their use, and can use to tax the citizenry. It is all about control.

o  o  o

At Wolf Street: Q1 Carmageddon for GM, Fiat-Chrysler, Toyota, Nissan, Mercedes, Mazda…

o  o  o

It Begins: Former UN Under-Secretary-General Calls For One World Currency. Here is a quote:

“The best alternative would be to turn the IMF into an institution fully financed and managed in its own global currency – a proposal made several decades ago by Jacques Polak, then the Fund’s leading economist. One simple option would be to consider the SDRs that countries hold but have not used as “deposits” at the IMF, which the Fund can use to finance its lending to countries. This would require a change in the Articles of Agreement, because SDRs currently are not held in regular IMF accounts.

The Fund could then issue SDRs regularly or, better still, during crises, as in 2009. In the long term, the amount issued must be related to the demand for foreign-exchange reserves. Various economists and the IMF itself have estimated that the Fund could issue $200-300 billion in SDRs per year. Moreover, this would spread the financial benefits (seigniorage) of issuing the global currency across all countries. At present, these benefits accrue only to issuers of national or regional currencies that are used internationally – particularly the US dollar and the euro.”

 

Continue reading“Economics & Investing For Preppers”

The Editors’ Quote of the Day:

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“In the evolving surveillance state, which promises to make sure citizens never have to leave the loving safety of mom, daily life is the repetition of that first realization that the world is a harsh place. That car with all the safety features did not keep you from hitting that tree and that seems unfair. The label on the shampoo bottle was not enough to prevent you from drinking it and that’s not right. Each of these realizations are met with greater demand for safety and greater efforts by the mommy state to protect us.

A great example is how gun control has become entirely feminized. In the 1970’s, gun control polices were about limiting crime. No one said it, but it was really about making it hard for blacks to get guns. It was a debate around facts about guns and crime. Today, gun grabbing is nothing more than an hysterical reaction by women to what they see on the news. It’s all about safety, by which they mean protecting people from themselves, not reducing crime. It’s mommy putting covers over the electrical sockets.

Perhaps one driver of the sudden decline in social trust is that technology now allows for the evolution of the custodial state. The future is not Orwell or Huxley, but both, operating like a mother and father, to protect us from reality. In this transition phase, modern people are regularly going through the jolt we associate with growing up, when you realize mom and dad were the only ones looking out for your interests. The cold wind of indifference and the loneliness it inspires, is making everyone into adolescent cynics.” – The Z Man blog

Preparedness Notes for Sunday — April 7, 2019

April 7th is the birthday of Colonel Bob Denard (born 1929, died October 13, 2007). He had an amazing life as a mercenary, including four attempted coups in the Comoros.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 82  of the SurvivalBlog non-fiction writing contest. The more than $12,000 worth of prizes for this round include:

First Prize:

  1. A $3000 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 Model 175 Series Solar Generator provided by Quantum Harvest LLC (a $439 value),
  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 Three-Day Deluxe Emergency Kit from Emergency Essentials (a $190 value),
  5. 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).
  6. 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. 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.

Round 82 ends on May 31st, 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.

Your Firearms Safety Hunter Education Certificate, by LiberT.Y.

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Why Everyone Should Have a Firearms Safety Hunter Education Certificate

Hello everyone. I’m 13 years old and I live in Minnesota (I know it’s not the best state, but I’m 13 so I don’t have a lot of options). I know other minors read Survival Blog too and this is mostly written to you but hopefully adults will like it too.

I would first like to say that I am not a lawyer so double check all laws mentioned and cited here. I only have experience with the Minnesota program I attended, and any quotations by instructors contained in this article are only paraphrased by memory and should not be considered exact.

I attended a Firearms Safety Hunter Education course about a yearago. Before that I had only gone shooting once before. (We don’t have land yet and range fees are expensive). It had seven periods of classwork and a range day. They teach you a lot of firearms and hunter safety plus a decent bit of firearms operation and terminology.

What is In the Course

First off, the class took place in a National Guard armory which quite interesting. In fact some of the instructors were military veterans.

Continue reading“Your Firearms Safety Hunter Education Certificate, by LiberT.Y.”

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”.  Today, we focus on the amount of land needed for self-sufficiency.

Venezuelans Break Through Border Barricades

At Zero Hedge: Thousands Of Venezuelans Break Through Border Barricades – Bolton Cheers Mayhem.

Utah Bans Warrantless Access to the Cloud

Reader DSV spotted this: Signed as Law: Utah Bans Warrantless Access to Information in the Cloud. Here is how the article begins:

“Last week, Utah Gov. Gary Herbert signed a bill into law that requires police to get a warrant before accessing data stored in the “cloud.” The new law will not only increase privacy protections in Utah; it will also hinder the federal surveillance state.

Rep. Craig Hall (R-West Valley City) sponsored House Bill 57 (HB57). The new law prohibits law enforcement agencies from accessing electronic information or data transmitted to a “remote computing service” without a warrant based on probable cause in most situations. In effect, it will prohibit police from warrantlessly accessing information uploaded into the “cloud.”

The House passed HB57 by a 71-0 vote. The Senate approved the measure 23-0. With Herbert’s signature, the new law will go into effect May 14.

HB57 does provide some exceptions to the warrant requirement that will allow law enforcement agencies to obtain location information in the event of an emergency involving an imminent risk to an individual of death, serious physical injury, sexual abuse, live-streamed sexual exploitation, kidnapping, or human trafficking; or if a remote computing service inadvertently discovers information that appears to pertain to the commission of a felony, or of a misdemeanor involving physical violence, sexual abuse, or dishonesty. It also allows police to access stored or transmitted data from an electronic device, or electronic information or data transmitted by the owner of the electronic information or data to a remote computing service under a judicially recognized exception to the warrant requirement, or in connection with a report forwarded by the National Center for Missing and Exploited Children under 18 U.S.C. Sec. 2258A.”Continue reading“The Survivalist’s Odds ‘n Sods:”

The Editors’ Quote of the Day:

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“Do not err, my beloved brethren.

Every good gift and every perfect gift is from above, and cometh down from the Father of lights, with whom is no variableness, neither shadow of turning.

Of his own will begat he us with the word of truth, that we should be a kind of firstfruits of his creatures.

Wherefore, my beloved brethren, let every man be swift to hear, slow to speak, slow to wrath:

For the wrath of man worketh not the righteousness of God.

Wherefore lay apart all filthiness and superfluity of naughtiness, and receive with meekness the engrafted word, which is able to save your souls.

But be ye doers of the word, and not hearers only, deceiving your own selves.

 For if any be a hearer of the word, and not a doer, he is like unto a man beholding his natural face in a glass:

For he beholdeth himself, and goeth his way, and straightway forgetteth what manner of man he was.

But whoso looketh into the perfect law of liberty, and continueth therein, he being not a forgetful hearer, but a doer of the work, this man shall be blessed in his deed.

If any man among you seem to be religious, and bridleth not his tongue, but deceiveth his own heart, this man’s religion is vain.

Pure religion and undefiled before God and the Father is this, To visit the fatherless and widows in their affliction, and to keep himself unspotted from the world.” – James 1: 16-27 (KJV)

Retreat Owner Profile: Mr. and Mrs. Smith

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Editor’s Introductory Note:  We have been posting Retreat Owner Profiles since the early days of SurvivalBlog, in 2005. Although the archive of these profiles is now essentially static, we always welcome more to add. In particular, we are looking for profiles of families living outside of the United States, or families that have unusual locales or ways of living off the land. For example, we still haven’t seen a profile of someone who lives full time on a sailboat. Nor a profile of someone who has an operating mine on their property, or of a fish farmer, or someone who lives up in the Arctic or the subarctic. Keep those profiles coming! And, as usual, please be sure to edit out any details that could compromise your anonymity.

—

Profile: Mr. and Mrs. Smith

Present home/retreat: Rural Southern California

Ages: Retired

SOs: Daughter/son-in-law, grandson, son

Annual income: Social Security, IRA disbursements

Profession: Mr.: Retired retail sales Home Depot. Mrs.: Retired manager for pharmaceutical wholesaler

Investments: IRA, Gold, Silver dollars, junk silver coins. Hard goods including firearms.

Vehicles: 2003 Dodge 2500 4wd diesel, added 80 gal on board tank, winch, ham radio(s), 2005 Jeep Wrangler 4wd, winch, ham radio, 1993 Jeep Grand Cherokee 4wd, M100 BOV trailer, 2 electric bicycles (one is a folding model) rear racks and bags, 2 mountain bikes, 1 folding bike, 2 child trailers, 27’ travel trailer, and 27’ equipped travel trailer for bunkhouse

Annual Property Tax: $3000. (House and all vehicles are paid off.)

Firearms Battery: To numerous to list; .308 and 6.5 Creedmoor long distance shooter almost every Monday morning, reloads numerous calibers, stored reloading components, bullet casting equipment and components, starlight scopes for two weapon platforms, head and body armor, load bearing gear and camo clothing for 6 adults.

Stored ammunition: 10,000 rounds of various calibers

Fuel storage: 250gal diesel fuel stabilized, 150 gal gasoline stabilized, 500gal propane, usually 2-4 cords wood

Home/Retreat Property: We built this off-grid house on 5 acres 15 years ago, it has a well, an 240AC well pump @40gpm, 24VDC booster pump, 10,000gal water storage, 75% gravity fed to gardens. 100×100 garden, raised bed kitchen garden, orchard, medicinal garden( for making tinctures) and a greenhouse, 5-75gal propane tanks for house, 8kw off-grid solar panels/1kw wind turbine, 4-6vdc deep cycle Rolls/Surrett batteries, 2-4000w Trace inverters, 2-80amp Outback charge controllers, 8.5kw propane genset.
One story 2200sf ICF block home, HEPA-CRBN-UV whole house filter system, CRBN clothing and gear, 2 wood stoves, Ham shack. 500sf wood, metal and electronic fabrication workshops, outside IR DVR cameras with added IR spotlights, viewable from any TV in house.
Sealable 150sf shelter with same HEPA-CRBN filter with added CO2 scrubber, AC power from house and sealed gel solar battery backup charged from solar panel, ham radio, food and water storage, bunks/storage shelving, pump up toilet, outer entrance shower/cleanup area, CRBN clothing and gear, 2m transceiver.
40’ ¾ buried CONEX container, steel and fiberglass reinforced entrance door, AC power from house and sealed gel solar battery charged from solar panel, ham radio, 60’ tower, bulk food storage 2 years for 8 adults, bunks, water, sink, stockpile of meds and supplies, porta-potties, CRBN clothing and gear.
Communications: 1 mobile all band transceiver, 1-2m and 70cm transceiver and 3 band handheld in truck, 2m/70cm in Wrangler, all band transceiver and Grecom Multi trunking scanner, 30’ tower for home shack, 3-2 band handhelds, two can be plugged into ballistic helmets. 2 FRMS radios. Wired comms to house, shop, shelter and container.

Food storage: Self canned from garden, dehydrated, freeze-dried and commercial canned goods for 10 adults for 2 years. Cases of empty canning jars and lids.

Animals: Male and female heritage hogs, chickens, bee hives, and dogs.

Retreat is for MAG members and families. Each member has at least 90 days of most needed preps here. We have regular monthly meetings, and a trigger event comm. system.

Hobbies: Shooting, reloading, Ham radio and prepping.

Background: Mr. Smith has a BA in Public Administration and a minor in Criminal Justice, born and raised in So. California, 4 year USAF flight control system specialist veteran, plans to stay put and continually prepping since the mid-1970s.

Editors’ Prepping Progress

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To be prepared for a crisis, every Prepper must establish goals and make long-term and short-term plans. Steadily, we work on meeting our prepping goals. In this column, the SurvivalBlog editors review their week’s prep activities. They also often share their planned prep activities for the coming week. These range from healthcare and gear purchases to gardening, property improvements, and food storage. This is something akin to our Retreat Owner Profiles, but written incrementally and in detail, throughout the year. We always welcome you to share your own successes and wisdom in the Comments. Let’s keep busy and be ready!

JWR Reports

With the snow receding, I was finally able to get into part of our woods this week to clear deadfallen limbs and trees.  There were also some of the usual small pines and firs that had been bent over by the snow with no real chance of growing back to normality. Just quick swipes of the chainsaw dropped all of those. This year I’m hauling quite a bit of the deadfall a longer distance than in previous years. This is because Lily plans to expand the fenced area of our main garden. Burning that and then spreading the ashes and plowing them under should help neutralize the natural acidity of our local soil. I plan to burn those piles later this spring. Typically, I burn slash twice a year: May and October.  But since the goal this year is getting extra ashes for the new garden plot, I’ll try to get most of this year’s slash burned in May.

I was summoned on short notice to California to help an ailing relative, so I will be away from the ranch for a couple of weeks. At least this came at a good time: that is, Mud Season. So I’m not missing much productive time in our woods. By the time I get back home, the snow will be off the ranch entirely and I’ll be ready to clear deadfall, and get the annual firewood cutting project in high gear.  My travel also came just before a California magazine law change, so the timing was propitious.

Continue reading“Editors’ Prepping Progress”

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”.  Today, we focus on Venezuela.

A New Ebola Outbreak

The Reuters news service had this: Congo Ebola outbreak spreading faster than ever: WHO

US Army Orders 9mm PDWs from B&T

Trader G.P. spotted this: US Army Selects B&T as New Sub Compact Weapon.  Wow. $8.1 million divided by 350 is $ 7,359 per weapon. So I assume that B&T got some sort of sweetheart deal to cover their developmental costs.

Many Venezuelans Without Water, Food, Medicine

Over at Sean Hannity’s site a link to a Yahoo News article: CRISIS DEEPENS: ‘Millions’ of Venezuelans Without Water, Food, Medicine. Here is how the article begins:

“A series of crippling blackouts are rapidly escalating Venezuela’s severe humanitarian crisis this week; with local media reporting “millions” are coping with a lack of water, food, and medical supplies across the impoverished country.

“Millions of Venezuelans were left without running water Monday amid a series of massive blackouts, forcing President Nicolas Maduro to announce electricity rationing and school closures as the government struggles to cope with a deepening economic crisis,” writes Yahoo News.”

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

The Editors’ Quote of the Day:

“Ah sinful nation, a people laden with iniquity, a seed of evildoers, children that are corrupters: they have forsaken the Lord, they have provoked the Holy One of Israel unto anger, they are gone away backward.

Why should ye be stricken any more? ye will revolt more and more: the whole head is sick, and the whole heart faint.

From the sole of the foot even unto the head there is no soundness in it; but wounds, and bruises, and putrifying sores: they have not been closed, neither bound up, neither mollified with ointment.

Your country is desolate, your cities are burned with fire: your land, strangers devour it in your presence, and it is desolate, as overthrown by strangers.

And the daughter of Zion is left as a cottage in a vineyard, as a lodge in a garden of cucumbers, as a besieged city.

Except the Lord of hosts had left unto us a very small remnant, we should have been as Sodom, and we should have been like unto Gomorrah.

Hear the word of the Lord, ye rulers of Sodom; give ear unto the law of our God, ye people of Gomorrah.

To what purpose is the multitude of your sacrifices unto me? saith the Lord: I am full of the burnt offerings of rams, and the fat of fed beasts; and I delight not in the blood of bullocks, or of lambs, or of he goats.

When ye come to appear before me, who hath required this at your hand, to tread my courts?

Bring no more vain oblations; incense is an abomination unto me; the new moons and sabbaths, the calling of assemblies, I cannot away with; it is iniquity, even the solemn meeting.

Your new moons and your appointed feasts my soul hateth: they are a trouble unto me; I am weary to bear them.

And when ye spread forth your hands, I will hide mine eyes from you: yea, when ye make many prayers, I will not hear: your hands are full of blood.

Wash you, make you clean; put away the evil of your doings from before mine eyes; cease to do evil;

Learn to do well; seek judgment, relieve the oppressed, judge the fatherless, plead for the widow.

Come now, and let us reason together, saith the Lord: though your sins be as scarlet, they shall be as white as snow; though they be red like crimson, they shall be as wool.” – Isaiah 1:4-18 (KJV)

Preparedness Notes for Friday — April 5, 2019

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SurvivalBlog Writing Contest

Today we present the first entry for Round 82 of the SurvivalBlog non-fiction writing contest. The more than $12,000 worth of prizes for this round include:

First Prize:

  1. A $3000 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 Model 175 Series Solar Generator provided by Quantum Harvest LLC (a $439 value),
  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 Three-Day Deluxe Emergency Kit from Emergency Essentials (a $190 value),
  5. 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).
  6. 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. 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.

Round 82 ends on May 31st, 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.

The Myth of Stored Food, by Pete Thorsen

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Many preppers think if they merely store food then they are done–that they have saved their family. And that might be true if they experience a natural disaster in their area which does not allow shopping for a week or so. They have their stored food and just use that during the emergency. Later–if they remember they buy replacements for the food they used–they made their family much more comfortable during that emergency by having that stored food. Plus one for the prepper family. But what about a long term nationwide disaster? What if it is a total economic collapse, or something similarly widespread and enduring? What if it is like Venezuela, which is lasting ten years? Will the prepper family’s stored food save them then? Certainly it will; until it is gone. Stored food is great to have because storing food gives a prepper something he cannot store, time. By that I mean time to produce his own food. Time to find food sources. And obviously no one can store time.

So by all means do store food. And in a short length emergency situation you will be very glad you have that food. Actually, during any length emergency you will be happy to have stored food. The trouble with stored food is that it runs out. If you store a month’s worth of food then it’s gone in a month. If you have a year’s worth then after a year it is gone. So when you store food you are really storing time. So, yes, store food but also have a plan.

Continue reading“The Myth of Stored Food, by Pete Thorsen”

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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we focus on investing implications of the nascent recession.

Precious Metals:

Tyler Durden, at Zero Hedge: Why Russia Is Dumping Dollars And Buying Gold At The Fastest Pace In Decades.

o  o  o

SurvivalBlog reader “Doc Savage” wrote to offer two prescient observations: “For those who are considering investing in mining stocks, be aware they are very volatile. An alternative is to use royalty stocks. These companies pay mine owners for the right to sell part of their gold output. They are often more stable, tend to be less risky, and some of them pay dividends. These include, but are not limited to, Royal Gold, Franco-Nevada, and Wheaton Precious Metals. With respect to all the articles on the yield curve, there are many different parts of the curve. The most cited one is the 10 year-2 year Treasury — and it has not yet inverted, although it’s close. Historically, when this part of the curve inverts, we have 6-18 months before a recession. And note, a recession is not a national disaster, although it’s not pleasant. Everyone needs to take a breath and understand that the Democrats are shifting to the recession issue from the collusion issue because “OrangeManBad.”

 

Economy & Finance:

Global Trade Takes Sharp Turn With Biggest Drop Since 2009

o  o  o

Percentage of yield curve inversions surging globally; 15 economies now have 30-year yields lower than LIBOR overnight rates.

o  o  o

At Seeking Alpha: How To Retire: Don’t Go To College.

Continue reading“Economics & Investing For Preppers”