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Tag Archives: Economic
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
Posted in Economic, Preparedness Podcast
Tagged Economic, Evacuation, Gold, History, Silver, Strategy
3 Comments
Getting Ready for the Coming Wild Economic Ride – Part 2
In part one, we just finished talking about reducing your material footprint, so that you start to wean yourself from the “luxury must-haves” that you consume now. This also goes for any vices you have. The sudden withdrawal from nicotine, alcohol and caffeine will change your behavior. The more vices you have, the more difficult you’ll have in coping without them. Start weaning yourself off them now. After the balloon pops on this economic bubble we’re in, common daily items are going to disappear fast, and after that, they’ll be in short supply. Look at any country that has gone … Continue reading
Getting Ready for the Coming Wild Economic Ride – Part 1
Undoubtedly, you’ve seen the recent shakeup in the news on how the Fed is thinking about tightening up the free money they’ve been handing out to bankers. The purpose of all this printed money, we were told, was to give the economy time to heal itself and thus avoid an economic collapse. Trillions of dollars were given to Wall Streeters and bankers, yet we have little to show for it. The media has long ignored the fact that this injection of money hasn’t accomplished anything but keep friends of the Fed in a constant supply of cash. This is, of … Continue reading
Dollar Suddenly Strengthens
I’m not sure what’s going on, as I haven’t had a chance to check the news. Though I’m not sure there would be any quite yet, as it just happened. On my Mac, I have Dashboard Widgets that keep tabs on the US Dollar and it’s value against the Euro and the US Dollar Index, as well as gold and silver prices. Something just happened and the Euro and Pound has tanked a bit against the Dollar, and gold and silver are seeing a substantial bump in spot price. Not sure what this means yet, but I’m guessing that the … Continue reading
Dollar No Longer Primary Oil Currency As China Begins To Sell Oil Using Yuan
This is one of those “shoes” that we have been waiting to drop. The rest of the world is fed up with our monetary policies and the inflation that we’re exporting. While small countries can’t do much about it, the larger countries can, and as you can see from the article, they have. In a nutshell, China is now completely set up and ready for any country to buy and sell oil using their yuan, instead of US Dollars. This is the equivalent of a death knell for the dollars. [From Dollar no longer primary oil currency as China begins … Continue reading
Posted in Economic
Tagged Economic, Economic Crash, Financial Issues, Hyperinflation, Inflation, Price Hikes, Threat Analysis, Why We Prepare
2 Comments
QE3 to Infinity – What Does It Mean?
What Was The QE3 Announcement – What Does It Mean? Here is what the Fed announced: The central bank will buy $40 billion of mortgage-backed securities a month, and is willing to take more action if the labor market doesn’t improve, its policy-setting committee said. The Fed also extended an existing stimulus effort known as Operation Twist, under which the central bank has been selling short-term bonds and using the proceeds to buy longer-term bonds in an effort to bring down long-term rates. Officials also said they expect to keep short-term interest rates near zero until at least mid-2015, past the … Continue reading
Posted in Economic
Tagged Banks, Depression, Economic, Economic Crash, Financial Issues, Podcast Listener Questions, Recession
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QE3: Get Ready For Hyperinflation!
Here’s a recipe for disaster: “ the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Feds big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading
Posted in Economic
Tagged Bank Failures, Bank Runs, Cash Shortage, Depression, Economic, Economic Crash, Financial Issues, Food crisis, Food Riot, Food Shortage, Get Out Of Dodge, Global Food Shortages, History, Hyperinflation, Independence, Inflation, Job Loss, Jobless Rate, Mindset, Preparedness Plan, Recession, Self-Reliance, Unemployment, Urban, US Dollar Index, What to do before a disaster, What-If Scenarios, Why We Prepare
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Drought Hurting Crops
Are you ready for food shortages? Record heat and drought killing crops… Drought pains & market moves Crop conditions are the worst they’ve been in decades. USDA recognized at least part of that likely slash in crop output in its August 10 crop production and grain supply/demand reports that showed corn yields will likely be around 120 bushels/acre and soybeans below the 40-bushel mark. But, some farmers think those figures are still way too high. Even if they’re not, though, numbers like those raise some major supply/demand concerns for the global corn pipeline and have many farmers wondering how high … Continue reading
Posted in Economic, Weather Information
Tagged Economic, Food crisis, Food Shortage, Hot Weather
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Wait, the U.S. economy actually lost 1.2 million jobs in July?
This is the sort of thing I was talking about in a previous post. The jobs data is skewed to look better than it is because we don’t want any investors to get spooked and crash the markets. As preppers, we need to be able to dig through the fluff and find the truth. In this case, despite the rosy spin, the jobs data still isn’t looking all that good. And as we’ve covered in a past podcast, if there aren’t more jobs being created, the economy can’t improve much, if any. [From Wait, the U.S. economy actually lost 1.2 … Continue reading
Unemployment Increases to 8.3% in July 2012
Another indicator that the economy is still weak and faltering. No matter what people are saying, rising unemployment is a bad sign. U.S. Adds 163,000 Jobs In July; Unemployment Rate Rises To 8.3% All of the news articles on this are suggesting that the news is good, because the forecast was only for 100,000 jobs added and there were actually 163,000 jobs created. Keep in mind that all of this economic news is not for your consumption, it’s for Wall-Streeters and investors not the average person. Market news is for the market, which is why you often see the markets … Continue reading
