Tag Archives: Economic

Expand Your Skills in a Tough Job Market

As the economy continues its downturn jobs become scarcer, especially in the service sector. As of this writing the official jobless rate is 9.5% (we all know it probably double that) and June saw 467,000 job cut. This does not bode well for many, and in my opinion, for those whose skills lie solely in the field of the service sector. Those people have no really useful skills should business stop functioning or the tech sector fall apart. How many today are unable to do simple repairs around the house or maintenance on their vehicles? Expand your skills are learn … Continue reading

Posted in Economic | Tagged | Leave a comment

I came across this from many of the medical oriented sites that I frequent.  It’s Something that has remained, to my knowledge, out of the main stream media while the AIG diversion is being paraded around.  Take a minutes to read the article.  Pay close attention to CBO’s report on an estimated Obama budget, it’s shocking.  The article also discusses the impact on health care and providers, and while many folks tend to see physicians and rich or well to do, they are taking hits in their income because of this. Medicare reimbursement is already dismal, further cuts only makes … Continue reading

Posted in Economic | Tagged , , | Leave a comment

Just In Time inventory showing its weakness

I stopped by Walmart in my local area on a whim to check for ammo and I wasn’t surprised to find nothing more than shotgun shells and odd-calibre stuff.  An employee stopped my to ask if I needed help and we began talking about the ammo and shortages everyone seems to be experiencing.  The employee went further and told me about how they hadn’t even had a truck arrive the day before and how is caused all kinds of problems for the store and then pointed to the shelves and explained that while there was still much on the shelves, … Continue reading

Posted in Economic | Tagged , , , , , | Leave a comment

National Ammo Shortage

Author Bob Owens has written an interesting article analyzing the national ammo shortage.  Ownes makes three arguments and dismisses the military as the prime cause of the shortages.  Most of the blame is placed on Civilian law enforcement agencies, both local and federal.  As the level of militarization increases within these agencies their ammo consumption has risen to meet the demands.   Lastly, Owens makes the claim that it’s us every day people causing the shortage as spurred on by his last two arguments:  Economic instability and fear of draconian firearm and ammo legislation. I can’t say that I disagree.  I … Continue reading

Posted in Economic | Tagged , , , | Leave a comment

Fun financial stuff (yah, that's gallows humor)

Even though it’s not mentioned much in the news any more, bank failures are still happening. As we mentioned in the podcast, the FDIC maintains a bank watch list, to help identify banks that are in danger of failing. Unfortunately, that’s not for public distribution – reason being of course, if you find out that your bank is on a failure watch list, you’ll immediately pull your funds out, and we can’t have that now, can we? (Do you ever get the feeling that the FDIC isn’t really into helping out the customers of the banks, but the banks themselves?) … Continue reading

Posted in Preparedness Podcast | Tagged , | 1 Comment

Is Your Bank Next?

Here’s a dirty little secret that you’re not supposed to know about. Your bank may be on the verge of failing. Sure, there are some news stories about it here and there, but you’re not being told the whole truth (you’d think we’d be used to that by now). Go to this link to find a list of Troubled Banks, and see where your bank is listed. Look at the rightmost column; numbers above 100 are in serious trouble and between 50 and 100 are considered vulnerable. The bright spot in this is that most banks, at least for now, … Continue reading

Posted in Economic | Tagged , | Leave a comment

(Bad) Sign Of The Times

TREASURY BILL IS TRADING NEGATIVE FOR FIRST TIME EVER For the first time ever, the 3-month Treasury Bill has a negative rate of return: “If you invested $1 million in three-month bills at today’s negative discount rate of 0.01 percent, for a price of 100.002556, at maturity you would receive the par value for a loss of $25.56.” – Bloomberg People are so panicked over the economy, they’re willing to take a small loss on their money, simply to put their money into a safe place. When is the last time you heard of investors scrambling to ‘invest’ in something … Continue reading

Posted in Economic | Tagged , , , | 1 Comment

Everyday Food Items You Can Stock Up On Now

As we’ve said before, preparing can be a daunting and sometimes, overwhelming task. They key is to start small and gradually increase our supply of items; and to remain focused so as not to get distracted and completely focus on one area over another. Here is a list of everyday food items that many of us use. These items are relatively inexpensive, take up little space, and can be easily found. These are also items that will be subject inflation and “supply and demand” issues; and if the supply is disrupted, will quickly become scarce. Peanut Butter Rice and Pastas … Continue reading

Posted in Preparedness Podcast | Tagged , , , , , | Leave a comment

10% of Americans Getting Food Stamps!

WASHINGTON (Reuters) – Food stamps, the main U.S. antihunger program which helps the needy buy food, set a record in September as more than 31.5 million Americans used the program — up 17 percent from a year ago, according to government data. The number of people using food stamps in September surpassed the previous peak of 29.85 million seen in November 2005 when victims of hurricanes Katrina, Rita and Wilma received emergency benefits, said Jean Daniel of the USDA’s Food and Nutrition Service.  (see Reuters Story for rest of story) That’s simply amazing! One out of every 10 Americans is receiving … Continue reading

Posted in Economic, Preparedness Podcast | Tagged , | Leave a comment

'12 Days of Christmas' Items Would Cost Over $86,000

’12 Days of Christmas’ Items Would Cost Over $86,000 While this little funny, tongue in cheek article is only slightly amusing to most people, there’s a real piece of data that we should all be looking at: “The price is up $8,508 or 10.9 percent, from $78,100 last year.” Hello? Not one mention of inflation in this article. 11% rise in prices in just one year. Keep that in mind the next time you hear that the National Inflation Rate is about 4% – 5%. – Rob

Posted in Economic | Tagged , | Leave a comment