Before I go over the current events and news for this week, I want to mention that just because I have a link to a website, that it in no way means that I endorse the political views or any of the opinions on that website.
I simply pull the information out where the information exists. Sometimes this means that it might be on a pro-democrat site, or a pro-republican site, or a pro-libertarian site, or a pro-nobody-throw-all-the-bums-out website.
Look past that, as I’m not trying to send any hidden messages. In fact, we don’t have time for politics. Vote your conscience, but get back to prepping because time is short, especially in terms of the economy.
- This video is a very good explanation of what the petrodollar is, how it effects our economy and why losing oil as the basis for the dollar will have significant impacts on the US economy.
- Interesting article, but really informative charts
- Chart 1 – US Dollar Index trend (on the decline)
- Chart 2 – US manufacturing jobs (on the decline)
- Chart 3 – Not in the labor force rate. A rather difficult chart to understand, but if you look at it from the viewpoint that people are dropping out of the labor pool is trending upwards.
Record High Enrollment for Food Stamps: 46,681,833
- Couple this with the fact that we have a record number of people on government assistance. 46 million Americans on food stamps alone. That’s 14.8%.
- Back in December of 2008, shortly after I started the Preparedness Podcast, I made a blog post about how there were 31.5 million Americans on food stamps.
- And this was up from 29.9 million in 2005. Back then, it was 1 out of every 10 Americans getting food stamps, now it’s more than 1 out of 7 people.
- And this doesn’t even include all of those that are getting other government aid.
Spain’s Credit Downgraded to BBB-
- This is downgrade away from junk status.
- Read this page and see the future of the US. You can pretty much replace the word “Spain” with “US,” “Catalonia” with “Texas,” “ECB” with “The Fed,” and you’ll be reading a future news article.
- Use this article to know what to expect in the near future for America. When inflation really kicks in, you’re going to have a lot of angry people taking to the street looking for answers and striking out because they no other venue to address their grievances.
- Put 2 plus 2 together and you’ll know why all these federal agencies have been buying massive amounts of ammo and food. Think about it.
Jack Welch: I Was Right About That Strange Jobs Report
- If you’ve been following this latest jobs report, you know that many people are highly skeptical of its validity. To be sure, it’s highly implausible that the unemployment dropped to 7.8% so suddenly.
- Not to get political on this, but IMHO, there’s no way that the jobless rate is this low.
- This article by Jack Welch sums up why.
- I present this only as evidence that what we’re being told amounts to cake and circuses, as our political leaders, from all parties, think that we’re too stupid to see the real truth, even though it’s staring right at us.
Investors Should Fear The Moment When A Loaf Of Bread Costs $3 Billion
- This is a good article about the pending hyperinflation, particularly in how it describes the inability to actually see it coming. It’s one of those things that takes a long time to set up all the mechanics that makes it possible, then it rather suddenly catches people off-guard. Now, really, IMHO, I’m not sure how anyone can be caught unaware of where this debt crisis is leading, but there you go.
- I want to read a small section of it, as it’s a concise look at how hyperinflation happened in Germany in the early 1900s.
In 1914, before World War I, a loaf of bread in Germany cost the equivalent of 13 cents. Two years later it was 19 cents, and by 1919, after the war, that same loaf was 26 cents – doubling the prewar price in five years.
Bad, yes — but not alarming. But one year later a German loaf of bread cost $1.20. By mid-1922, it was $3.50. Just six months later, a loaf cost $700, and by the spring of 1923 it was $1,200. As of September, it cost $2 million to buy a loaf of bread. One month later, it cost $670 million, and the month after that $3 billion. Within weeks it was $100 billion, at which point the German mark completely collapsed.
The whole time the German government kept printing more money, so much so that people burned it in their fireplaces because it was cheaper than wood.
Why didn’t they just stop and try to stabilize the currency?
“When things began to disintegrate, no one dared to take away the punchbowl,” Cashin wrote in his report. “They feared shutting off the monetary heroin would lead to riots, civil war, and, worst of all, communism. So, realizing that what they were doing was destructive, they kept doing it out of fear that stopping would be even more destructive.”
Felix Baumgartner Breaks World Record For Highest Skydive Ever
- I want to end this podcast on a positive note. On Sunday, October 14th, Felix Baumgartner put science, space and exploration and discovery back into the imaginations of kids everywhere.
- After taking taking about 2.5 hours to ascend to over 24 miles into the air in a gigantic helium balloon, Felix steeped out of the capsule and jumped back to earth.
- Not only did he break the record for the highest skydive jump, but also the highest manned balloon, but also the fastest skydive, at 833 MPH, which is Mach 1.4.
- UPDATE: Watch the video summary on Youtube and from Felix Baumgartner’s Point of View.
My wife, kids and I watched this together, streaming over the Internet. It was quite the opportunity to explain to them about all the various “science” and “earth” stuff that they were seeing. I imagine it was much like watching the early NASA liftoffs and space exploration. Watching man go where man hasn’t gone before and waiting to see what we discovered or accomplished next. True, this skydive wasn’t the same as landing on the moon, but the scientific data gain from it will have direct affects on future safety systems of near space exploration and commercial viability.
Think about it. Felix has proven that a man can jump from over 24 miles high, break the sound barrier (something that a non-vehicled person has never done) and safely landed on earth. We didn’t know what would happen to the human body when it broke the speed of sound. Thanks to Felix, now we do.
Here’s info on the gold coins from FlyingEagleGold.com:
American Gold Eagles, the worlds most popular selling gold-bullion coins, were introduced in 1986, and millions of 1 oz. American Gold Eagles have been sold. Because of their popularity and international recognition, they provide instant liquidity.
Minted at West Point, New York, American Gold Eagles come in four sizes: 1 oz., 1/2 oz., 1/4 oz., and 1/10 oz.. The 1 oz. Gold Eagle coins are by far the most popular and sell at small premiums over the value of their gold content. The smaller coins sell at higher premiums. American Gold Eagle bullion coins are 22 karat gold.
ONLY 30 coins only at this price.