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Saturday, September 28, 2013

The Coming Economic Collapse - What Others Are Thinking

The Smell of Collapse is in the Air posted by Deviant Investor on September 19th, 2013 - See more here. See what other financial minds are saying about the hocus pocus on paper wealth and fiat currency - the printing of money out of thin air,....the possibility or probability of a economic collapse.

The U.S. stock market is near all-time highs, while politicians and economists are blathering about recovery, low inflation, and good times, but instability and danger are clearly visible in our debt based monetary system. To the extent we rely upon the fantasies of ever-increasing debt, money printing, and credit bubbles, we are vulnerable to financial collapses. Perhaps a collapse is not imminent, but it would be foolish to ignore the possibility. Consider what these insightful writers have to say:

Egon von Greyerz:
“Debt worldwide is now expanding exponentially. With absolutely no possibility of stopping this debt explosion, we will soon enter a period of unlimited money printing leading to a total destruction of paper currencies. The consequence will be a hyperinflationary depression in most major economies.”

Bullion Bulls Canada:
“So the ending is already clear. The U.S.S. Titanic is about to be intentionally sunk (again), and B.S. Bernanke’s ‘fingerprints’ will be planted all over the crime scene.”

John Rubino:
“…nothing was fixed after 2008, just as nothing was fixed after the housing, tech stock, and junk bond bubbles burst. The response has been the same each time, only progressively more aggressive and experimental. That the financial, economic and political mainstream think that the system has been reset to ‘normal’ because asset prices are back where they were just before the 2008 crash is, well, crazy. With financial imbalances bigger than ever before – and continuing to expand – the only possible outcome is an even bigger crash.”

Bill Holter:
“THIS is where THE REAL BUBBLE is! The biggest bubble in all of history, (larger than the Tulip mania, South Sea, the Mississippi Bubble, 1929, current global real estate and global stock bubble combined then cubed) is the current and total global financial system. EVERYTHING EVERYWHERE is based on credit. In fact, over 60% of this credit is dollar based and ‘guaranteed’ by the U.S. government. The minor little problem now is that we have reached ‘debt saturation’ levels everywhere. There are no more asset classes left able to take on more credit (air) to inflate the balloon. The other minor detail is that the ‘asset’ that underlies the value of everything (the dollar and thus Treasury securities) is issued by a bankrupt entity. What could possibly go wrong?”

Growing and healthy economies mean more people are productively employed. It appears that much of the “growth” in the U.S. economy over the last five years has been in disability income, food stamps (SNAP), unemployment, student loans, welfare, debt, and government jobs – none of which are productive. Examine the following graph of Labor Force Participation Rate – the actual percentage of the populace that is employed. Does this look like a healthy economy experiencing a recovery or a collapse in productive employment?

The damaging effects of 100 years of Fed meddling in the U.S. economy, many expensive wars, 42 years of unbacked debt based currency, and unsustainable growth in credit and debt have left the Western monetary system in a precarious position. The damaging effects of 100 years of Fed meddling in the U.S. economy, many expensive wars, 42 years of unbacked debt based currency, and unsustainable growth in credit and debt have left the Western monetary system in a precarious position.

Using common sense, ask yourself:

Can total debt grow much more rapidly than the underlying economy which must support and service that debt? FOREVER?

Can government expenditures grow much more rapidly than government revenues? FOREVER?

Will interest rates remain at multi-generational lows? FOREVER?

Will a fiscally irresponsible congress rein-in an out of control spending system that our fiscally irresponsible congress created?

Is another and larger (than 2008) financial collapse likely and inevitable?

Do you still believe in the fantasies of ever-increasing debt, printing “money” and credit bubbles?

Are you personally and financially prepared for a potential financial collapse?

Have you converted some of your digital currencies into real money – physical gold and silver? Is it safely stored outside the banking system and perhaps in a country different from where you live?

Do you have a place to stay safe if the economic crisis turns violent?

Do you have a means to protect yourself and your loved ones? Are you competent with those firearms and do you have some ammunition put away but it surely won't be available, or affordable once the collapse hits.

Do you have some food stocked up? If not, why? Do you think you are going to be the golden one's that avoid all the coming bad times? Maybe if you're living in Costa Rica.

Saturday, September 21, 2013

Warning from Bob Rinear

Warning from Bob Rinear Robert "Bob" Rinear is a noteworthly financial advisor Robert "Bob" Rinear, who is a noteworthly financial advisor, wrote an article basically making the case for the artificial growth of the stock market due to Bernanke's FED pushing $85 billion a month into the money supply. This last week Rinear was cautioning us that on September 18th, 2013 Bernanke would make a decision on continuing or tapering Quanitive Easing (QE) which could be the long awaited taper of worthless fiat curency being floated into the market.

Rinear's supposition, in part from bogus Governmental reports that the economy was building strength, as that the larger a QE taper, the larger a stock market drop. The stronger the economy, the less need for QE. But at some point in time QE has to taper or stop. When it does there will be hell to pay on the stock market. Stocks and bonds and therefore our pensions plans invested in these will devalue. How much will they devalue would be dependent upon just how far the market drops.

Some of you saying "what the hell dude,.....the stock market has nothing to do with the economy any more. Wall Street is a fraud and just manipulates false values and people's emotions." Well, you won't get an argument from me. But the stock market crashing or tanking significantly will have an impact on our lifes. It could be the catalyst for the long awaited economic collapse that places 100 million of our fellow citizens looking for food and shelter on a day by day basis ( 1 in 7 Americans are living in poverty right now). It also just may not be so bad,...... it may eliminate the middle class,...making us all part of the lower class, making life hard, but liveable.

And Rinear isn't the only one forecasting a market fall. Gina Martin Adams who happens to be a Wells Fargo strategist, watched the S&P 500 add 21 percent. And on this past Thursday's, a day after the FED's announcment to continue pumping money into the system, Adams reiterated her call that the index would close out the by dropping 16 percent erasing all gains this years.

We are indeed in interesting times.

Now the warning from Rinear.

Did you notice Poland just did? At first I thought it was a bad joke, one of the internet rumors gone wild. But it isn’t. Basically they just announced that they were confiscating 50% of all PRIVATE pensions. Did you read that?

Remember Cyprus and the idea of a “bail in” where deposit money will be used to support failed banks? Well Poland is taking it a step further.

Poland has a “debt ceiling” that prevents it from issuing debt over 55% of GDP. Well they were dangerously flirting with breaking that rule in a big way. By confiscating and stealing (“nationalizing”) the Polish citizens’ private pension money, they are now booking that money as a straight-up cash asset on the government’s balance sheet, thus “freeing up room” against the GDP-to-debt threshold so that the Polish government can … issue more debt and spend even more.

When you see banks laying out rules for “bail in’s” and see Governments looking at private pensions as their own little piggy banks, it certainly brings me back to an article I wrote for you all way back in 2011. I suggested that at “some point” Uncle Sam is going to look at the 10 trillion in 401K’s and IRA’s and the almost 10 trillion in annuities and private pensions and “take it”. Hey, look at it like a crooked politician for a minute.

Here’s 20 trillion dollars just “sitting” in accounts. Why not take it, use the money to do stupid things, replace the holdings with Government issuance like bonds, and keep partying like it’s 1999? Poland just saw that light.

The US will do that if necessary and frankly it’s necessary now. So far they’ve danced around the issues, used Fed money, etc, but this won’t last for ever. So while a taper out of the Fed might beat gold and silver down some, I will indeed buy the dip. What is safer, ten boxes of gold coins or some digital receipt that says I have 100K in a 401K at some mutual fund outfit? You know the answer. If Uncle sam wants my physical, he’s going to have a pretty hard time getting it. If he wants my 401K my only defense is a phone call. No thanks.

So Rinear is telling us the possiblity of us losing all our externally stored wealth, my case it's just savings...but mnore important is how would migitate the coming effects that an easing of, or a complete stopping of QE would have on the market and therefore our wealth and possible government confiscation of existing wealth in order to keep the government afloat, albeit for a short time? Wow! That's a complication question but he answer is simple but not necessarily easy to execute. The way we mitigate financial market collapse and the requisite economic chaos is through proper management of the Survivalist's Portfolio,........a portfolio that does not relay on diverse holdings between bonds,stocks, mutual funds and 401K plans, but instead ensures that we have enough commodites on hand and physically held such as cash, gold, silver, firearms, ammunition, stored foods, ability to grow food - stored seeds, and the equipment and material we'll need to see us through hard times.

Monday, September 16, 2013

Medical Concerns- Primarily Before the Collapse

A worldwide or at least national pandemic is certainly a threat to be a catalyst for a collapse, especially with the availability of air travel today. In fact, some people go on medical vacation to places like Costa Rica and India just to get treatment that would be cost prohibitive or not even available here in the states. And you know what they say about hospitals, much as they exist to treat and heal people, they also pose a risk of contracting diseases that you've never even heard about.

The biggest pandemic threat appears to be from type A influenza or a modified version which jumps ahead of our capability to get a handle on. Already health authorities are predicting a very cold winter and the requisite infections that come with it.

Of course, our common vaccine is basically a three way vaccine that combines different flu strains with H1N1 bird virus. This is giving way to a new type of vaccine that also contains Type B flu strain, but, thankfully will not contain any strain of the swine virus.

So where is the threat? One threat is that these vaccines have not be tested thoroughly, especially against follow on, later disease like cancer. Another threat is that many of us believe these vaccines degrade our immune system as opposed to enhance them. There are many conversations about the flu vaccine being impotent. I think the impotency aspect is due to the vaccines having the reverse effect on people,.......not protecting us, but degrading our immune systems. I have not had a flu shot, nor has my family had a flu shot in 15 years. We remain healthy while friends of ours continue to hope on the vaccine doing them so some - and they get sick.

Now on anti-biotics.

I don't know how many preppers are stocking anti-biotics for the collapse. Practically, the only way you could do so and not run into Federal violations would to get legitimately precscribed anti-biotics then not use them, instead opting to stocking these anti-biotics for later. Even then they will only be good a few short years after the expiration date.

Certainly there is a danger of not having anti-biotics for the major infections after the collapse, when medical support and medications will much less available, if available at all. Another danger related to anti-biotics is a pre-collapse danger related to the over use of anti-biotics.
There are many of us that fear that use or over use of anti-biotics also degrade our immune systems....and not just for a short time either.

A good article on over use of anti-biotics recently came out of the Wall Street Journal On-line, with the article title: "Antibiotics Do's and Don'ts Doctors Too Often Prescribe 'Big Guns'; Impatient Patients Demand a Quick Fix".

In short, the WSJ article said that "Doctors aren't only handing out too many antibiotics, they also are frequently prescribing the wrong ones." As recent studies have shown that doctors are overprescribing broad-spectrum antibiotics, sometimes called the big guns, that kill a wide swath of both good and bad bacteria in the body. Instead, narrow-spectrum antibiotics, like penicillin, amoxicillin and cephalexin, can usually clear up many infections, while targeting a smaller number of bacteria.

Professional organizations, including the American Academy of Pediatrics, and public-health groups such as the Centers for Disease Control and Prevention are pushing doctors to limit the use of broad-spectrum antibiotics. Among the most common broad-spectrum antibiotics are ciprofloxacin and levofloxacin—a class of drugs known as fluoroquinolones—and azithromycin, which is sold by one drug maker under the brand name Zithromax, or Z-Pak.

Overuse of antibiotics, and prescribing broad-spectrum drugs when they aren't needed, can cause a range of problems. It can make the drugs less effective against the bacteria they are intended to treat by fostering the growth of antibiotic-resistant infections. And it can wipe out the body's good bacteria, which help digest food, produce vitamins and protect from infections, among other functions.

In a July study published in the Journal of Antimicrobial Chemotherapy, researchers from the University of Utah and the CDC found that 60% of the time physicians prescribe antibiotics, they choose broad-spectrum ones. "There is overuse of broad-spectrum antibiotics both in situations where a narrower alternative would be appropriate and in situations where no therapy is indicated at all," said Adam Hersh, assistant professor of pediatrics at University of Utah and a study author.

The study, which relied on a public database with information on nearly 240,000 visits to doctor's offices and emergency departments, said illnesses for which doctors choose the stronger antibiotics include skin infections, urinary-tract infections and respiratory problems.

A similar study of children, published in the journal Pediatrics in 2011, found that when antibiotics were prescribed they were broad-spectrum 50% of the time, mainly for respiratory conditions.

Both studies also found that about 25% of the time antibiotics were being prescribed for conditions in which they have no use, such as viral infections.

"This is upward of 30, 40 million prescriptions a year. And on top of it, these are conditions where antibiotics aren't justified—coughs, colds, bronchitis—and the majority of the antibiotics prescribed are the broad-spectrum antibiotics," says Dr. Hersh, also a co-author of the Pediatrics study.

When doctors don't know exactly what type of bacteria is causing an infection they may prescribe a broad-spectrum antibiotic. Ordering up a test to isolate the source of the bacteria can take a day or two to get results. Waiting can risk the infection spreading. Patients also may be in discomfort and not willing to wait.

Experts say broad-spectrum antibiotics are best used for more severe conditions, such as when a child or adult is in the hospital or has already had multiple courses of antibiotics that didn't work. Someone at risk for infection with resistant bacteria because of repetitive or prolonged antibiotic exposure, such as recurrent ear infections, might also fare better with a broad-spectrum drug.

Charles Cutler, an internist near Philadelphia, says women with recurring urinary-tract infections frequently request broad-spectrum drugs like ciprofloxacin because it is what they know. But the over prescription of such drugs has created a lot of resistant infections, he says. It can take 48 hours for a test to determine what is causing a urinary-tract infection and "doctors and patients don't want to wait 48 hours," says Dr. Cutler, who is chairman of the American College of Physicians' Board of Regents.

Bronchitis is another illness for which antibiotics are often overused, says Lauri Hicks, medical director for the CDC's "Get Smart: Know When Antibiotics Work" program. Eighty percent of the time patients come into a doctor's office with acute bronchitis they will be prescribed an antibiotic, and usually a broad-spectrum one, she says. "Bronchitis in someone who's otherwise healthy typically gets better on its own," she says.

Doctors say it can be difficult to tell a bacterial infection from a viral one. A general rule of thumb with sinus infections is to hold off on the early use of antibiotics but consider using them if symptoms persist. Infections like bronchitis, which is mostly caused by a virus, and pneumonia are usually diagnosed by listening to lungs with a stethoscope. If there is doubt, X-rays can often tell the difference.

Experts say patients should question their doctors about the use of antibiotics —both whether they are warranted and why a particular type is chosen.

The American Academy of Pediatrics has emphasized the importance of judicious use of antibiotics. The group this year updated guidelines for treating sinusitis and ear infections to help physicians determine which illnesses will respond to antibiotics and which type of antibiotic to prescribe. Both updates recommended the narrow-spectrum amoxicillin as a first- line treatment when antibiotics are warranted.

Resistant bacteria are often present in the body in small numbers to begin with but are crowded out by other bacteria that are more susceptible to antibiotics. When a person takes an antibiotic, it kills off the susceptible bacteria, allowing the resistant bacteria to grow more easily, says Dr. Hersh.

Jeffrey Gerber, a pediatric infectious-disease specialist at the Children's Hospital of Philadelphia, recently led a research team exploring whether doctors' prescribing habits could change. The researchers looked at 18 primary-care pediatric offices. In half of the offices, doctors received on-site education about prescribing guidelines for some common infections: pneumonia, strep throat and sinus infections. Narrow-spectrum antibiotics were recommended for all three conditions. The other offices didn't receive any guidance.

"After 12 months we saw overall a nearly 50% reduction in broad spectrum or off-guideline prescribing for these conditions" in the intervention group of offices compared with the control group, Dr. Gerber said. The study appeared in the June issue of the Journal of the American Medical Association. He said the researchers are currently examining what effect the change in prescribing habits had on illness control, cost and other outcomes.

So what's our course of action? Being in the best health you can; utilize good sanitation measures - stocking lots of soap and anti-septics; and, have a clear procedure for handling refugees that will invariably find you unless you are in some remote Bug Out location. Even then, plan on how you are going to segregate and assess these potential virus carrying threats to your group.

Sunday, September 8, 2013

Survival Gardening Information

I have written a lot of the need for gardening - farming skills in the coming collapse. I have not written any on the "how to's" as I am pretty lame as to producing my own food through growing crops. I have had some small success and many failures. But this is a necessary journey in order to develop some experience to employ when it counts for real.

A couple of good information sites I recently found are:

Building a Small Greenhouse

I have a greenhouse kit, but right now it stays packed up ready to be transported out to our  Bug Out site during a controlled or planned bug out.  But I would not hestiate to construct it if we needed to stay Bugged In and supplement our stored food using my large supply of stored seeds to grow some vegetables.


Although I have not yet read this book, it will be on my order of next Amazon order. 

Amazon's review: 
In his insightful new book, Holy Shit: Managing Manure to Save Mankind, contrary farmer Gene Logsdon provides the inside story of manure-our greatest, yet most misunderstood, natural resource. He begins by lamenting a modern society that not only throws away both animal and human manure-worth billions of dollars in fertilizer value-but that spends a staggering amount of money to do so. This wastefulness makes even less sense as the supply of mined or chemically synthesized fertilizers dwindles and their cost skyrockets. In fact, he argues, if we do not learn how to turn our manures into fertilizer to keep food production in line with increasing population, our civilization, like so many that went before it, will inevitably decline.

Making your own fertilizer and compost.  Another is this video on organic gardening by making compost.

And yet one more site, in fact an excellent site, pertaining to feeding yourself in the coming collapse is FoodStorageAndSurvival, which posted this information on Dandelions. Dandelion is one of the most recognizable and widespread edible plants. You know that weed that pops up in your yard every spring with its sunny yellow flowers? That lovely yellow flower that then turns into a ball of fluff attached to seeds that get blown across the yard/town/nation by the wind and small children? Well, they are not just weeds, the entire dandelion plant is edible. Here is how to cook dandelion roots.

1. Gather dandelions. Be sure you are gathering from a source that has not been sprayed with herbicide. Younger dandelions are best as the older roots can become woody. The dandelion usually has one long tap root, so you may need to dig down a bit to get as much of the root out as possible.

2. Wash and trim. Trim off the plant tops and any small side roots.

3. Peel the roots. You can peel them with a sharp knife, or peel them like beets using the boiling water method. Put the roots in boiling water for about 2 minutes, then remove them and put them in cold water. Then the peels slip off easily.

4. Cut them into pieces if desired. You can slice them into button sized pieces or leave them long, whatever is more appetizing to you. If the roots are woody, I would suggest leaving them long and then you can strip the tender part of the root off the outside of the woody core as you eat them.

5. Boil the roots 7-10 minutes until they are soft.

6. Season and serve warm. I put salt, pepper, and butter on mine.

I am constantly reminded that I am in the electronic age, but I can't help but like hard copy books for references. While an iPAD or Kindle type device can store a lot of information, I tend to want books as my primary refernce library. In a perfect world, a person would have both. These are some of my favorite books for survival collapse based gardening and farming.