Category Archives: Economic

Precious Metals and Bugging Out

Another listener, Richard, wrote in: Perhaps you can answer this question about precious metals and bugging out. Let’s say you need to bug out of the country. Would American Gold Eagles still be valuable outside of the United States or should a prepper buy gold coins of the foreign country they bug out to (e.g. Buy Maple Leafs if bugging out to Canada, Pesos for Mexico, etc.). My good friend, Jeff Bennett, and I have discussed this at length several times over the past twenty years I’ve known him. The simple answer is gold is gold, and those willing to … Continue reading

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Business Financial Diversity for Preppers Question

Listener John wrote to ask: I was recently listening to [your podcast about preparing] for a financial collapse [or] economic collapse by having cash on hand, gold and silver, and buying goods. My question is this. I am a business owner and for business purposes keep a large amount of money in a major bank. What is the best way as a prepper to make sure that the government does not take this money under extreme situations? I do not believe having cash on and is an option as it is a large amount. Also, my vendors do not except gold … Continue reading

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Episode 222 – Bank Holidays, Safe Deposit Boxes, and How Much Food to Store

MP3 Audio [22 MB]DownloadShow URL Announcements Another MERS case in the US, Florida. Overall Topics: Let’s go to the phones and take some calls. How do I know I’m on the right path when preparing? What are bank holidays and area safe deposit boxes really safe? How much food should I store?

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Episode 204 – Looking into 2014 with Kerry Lutz

MP3 Audio [20 MB]DownloadShow URL Kerry Lutz joins me as we discuss what 2014 may hold in store for us. Additionally, we talk about climate and weather, alternate job opportunities, CCW laws, and various other prepper topics!

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The Importance of Owning Precious Metals

I’ve talked to a lot of people about why it’s important to own gold and silver, yet I find that most people don’t fully grasp why. Many of the opponents to owning precious metals for preparedness reasons often cite that because they can’t eat it, it’s worthless as a prep. First, let me just get it out there that I don’t advocate buying precious metals if you aren’t prepared in the other areas, namely food, water, cooking, shelter, defense and so on. Gold and silver aren’t going to do much for you if you’re not prepared to meet the basic … Continue reading

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Recommended Reading: Think those are dollars in your wallet? Think again.

Published on Sovereign Man: Internationalization, Offshore Business, Global Opportunities, Self-Sufficiency and Freedom // visit site July 29, 2013 Kiev, Ukraine Here’s a question– if you’re in the Land of the Free, do you think those green pieces of paper in your wallet are dollars? They’re not. A US dollar was defined by the Coinage Act of 1792 as 416 grains of standard silver. No, those green pieces of paper are Federal Reserve notes. “Notes” in this case meaning liabilities to the central bank of the United States. That makes you, me, and anyone else holding those green pieces of paper … Continue reading

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Recommended Reading: The Coming Shortage Of Physical Gold That Will Change Everything

Published on The American Dream // visit site Is the paper gold scam about to be brutally crushed by a crippling shortage of physical gold? If so, what will that do to global financial markets? According to the Reserve Bank of India, “the traded amount of ‘paper linked to gold’ exceeds by far the actual supply of physical gold: the volume on the London Bullion Market Association (LBMA) OTC market and the major Futures and Options Exchanges was OVER 92 TIMES that of the underlying Physical Market.” In other words, there is a massive amount of paper out there, but very little actual physical … Continue reading

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Recommended Reading: Are We Investing Or Are We Just Dodging Thieves?

Published on OfTwoMinds blog, The individual with complete control of all his assets is the only truly wealthy person in a kleptocracy. Correspondent Jeff W. recently posed a deeply insightful question: are we investing or are we really just trying to dodge thieves? This question slices right through the carefully cultivated illusion of trust and prosperity and plunges straight into the heart of our cartel-state financial system. Here are Jeff’s initial thoughts on the question: “As we try to preserve capital and earn a return on it, are we investing today or are we really just trying to dodge thieves?First of … Continue reading

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Recommended Reading: US Government Will Go Bankrupt

Published on Zero Hedge // visit site Follow ZeroHedge in Real-Time on FinancialJuice This fall, the US government might go the very same way as Detroit and end up filing for chapter-11 help. In other words, it will end up asking itself to bail itself out. Now, isn’t that a neat little trick, a piece of magic we would all like to be able to do? Bailing myself out? Heck, I’d do it even if I weren’t in debt. Wouldn’t you? So, is it possible for the US to go bankrupt? Countries go bankrupt every day around the world, legally declared financially insolvent, totally depleted and … Continue reading

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Recommended Reading: What’s Up with Inflation?

Published on InvestmentWatch // visit site by Charles Hugh-Smith Purchasing power and exposure to real costs are more realistic measures of inflation than the consumer price index. That the official rate of inflation doesn’t reflect reality is easily intuited by anyone paying college tuition and healthcare out of pocket. The debate over the accuracy of the official consumer price index (CPI) and personal consumption expenditures (PCE–the so-called core rate of inflation) has raged for years, with no resolution in sight. The CPI calculates inflation based on the prices of a basket of goods and services that are adjusted by hedonics, i.e. … Continue reading

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