Inflation

Keeping Your Money Safe When the SHTF

safe deposit box

When life is going on seemingly normal, you’re probably not too concerned about having your money kept in a bank. However, when the SHTF, a bank will not be the safest place to keep it.

When to Withdraw Your Money from a Bank

Most people think about the convenience of keeping money in a bank and they don’t dwell on the risks. But that doesn’t mean there aren’t risks – and plenty of them. If you look at what happened in Greece and other countries in the not too distant past, you’ll see what happened to people when the banking system failed.

banking crisisThe banks simply shut down and limited how much of their own money people could have. People were left scrambling to figure out how to buy necessities, how to take care of themselves and people who’d traveled outside the country struggled with having the means to return home since they couldn’t access their money.

When your money is in a bank, you’re not the one who decides whether or not you’ll always have access to it. And if the government needs it, it can simply take it. When a bank gets in trouble, the money in accounts can be seized.

The time to withdraw your money from your account is the moment you know that a SHTF situation is imminent. Don’t wait and see what the government is going to do or what everyone else is going to do.

The only person who can make sure you and your family get taken care of is you. And always have money on hand to tide you over for months at a time, even if you leave some funds in the banking system.

Better Money Safe Options

If you have your money in a bank account, it can be taken. If you try and store it in a safety deposit box, it can also be taken. Just because it’s in a bank doesn’t mean you’ll have access to it or that you’ll always have ownership of it when you need it.

If your bank were to shut down for several days – or worse, for months – how could you get by? In a SHTF situation, it’s always best to have your money where you can get to it when you need it.

You can use a safe at home to protect your money, but you want to make sure you don’t make it easily visible or accessible to anyone but you. Never buy a grab and carry safe.

If you can snatch it up and go, so can a thief. Instead, use a safe that you can permanently fix to a spot. Have more than one safe because you never want to keep all your eggs in one basket.

Divide your money up between two or three safes for the best bet. Some survivalists use a cheaper safe and leave it where it can be seen. They’ll put a little bit of money in that safe so that if a thief does break in, he thinks he’s taken everything and he won’t search for more.

You can also place your money in airtight, waterproof containers and bury it. But only do this if you’ll be able to get to it when you need it. You can bury some on your immediate property and some on a bug out location.

Where to Hide Your Money

Besides a hidden safe, there are several other places you can hide your money. You can hide money inside your walls by hiding it inside a vent. You can tuck money away in your attic inside of old toys or tucked inside the hollowed out center of an old hardback book that you stack with a few other books.

Hide money in the insulation in your attic, basement or garage. You can also put money in separate envelopes and tape them underneath kitchen cabinets, bathroom cabinets or to the back of appliances.

You can get a waterproof container and hide money in your toilet tank. Some people hide money inside of food containers that they store inside their refrigerator or in the freezer.

Some people hide money inside of their medicine cabinet but in SHTF situations, medicine might be in short supply, and thieves will be looking for medicine. So choose a different hiding spot of you’ve been using this one.

If you have pets, you can tape money to the bottom of a dog kennel, a dog dish or a cat climbing house. Burying money in the soil of houseplants makes a great hiding place. Just make sure you use a waterproof container.

You could have several houseplants and have money stashed in each pot. Take the photos out of frames and tape money to the cardboard backing on the inside. Replace the photo and set the frame back in its original spot. Thieves don’t pay attention to family photos.

Hiding money in canisters or cookie jars can be an option, but thieves have been known to search kitchen canisters because they’re an obvious hiding place. It’s better to seal money in an envelope and tape it to the back of your refrigerator than to use a canister or cookie jar.

Tape money to the inside of CD cases, movie cases or workout videos. You can also place rolled up money inside hollow towel rods and hang them as usual in your bathrooms.

Buy lamps with dark colored bases. Lamps with white or light colored bases will sometimes show if there’s something inside of it. Unscrew the bottom of the dark base lamp and place money inside. When you put it back together, you can’t see the money.

You can also place money on the inside bottom of couch cushions, zip them closed and use as normal. There are endless ways to hide cash in your home. Of course, it’s then fragile in the event of a fire or flood, so take precautions with that.

What Bill Denominations Should You Keep on Hand When the SHTF?

When life on the grid is suddenly disrupted, life as you know it will be thrown into chaos. Without electricity, the world will be a different place. In a SHTF situation, the way that currency is handled and the way money changes hands during transactions is going to cease.

Without electricity and normal banking, your debit card and your credit cards are going to be virtually worthless. Not having any cash won’t be an option – not if you want to survive.

cashYou need to have cash on hand so that you can take care of the needs that you’ll have. But how you store that cash, how much of it you have and what types of bill denominations to have will all matter.

Most people have the mindset that bigger is better. They believe that storing rolls of hundreds of fifty dollar bills will see them through any SHTF situation. But you have to think the opposite of a normal day to day buying and selling transaction.

In normal life, you can easily use a larger bill. But in a SHTF situation, having larger bills could be of almost no value to you. Without normal ways to bank, you and those who do business as well as other survivors aren’t going to have access to change and smaller denominations.

That means your big bills won’t be usable. You don’t want to try to buy something you need and be unable to have it because the other person can’t break a bill that large. In this situation, even a twenty dollar bill can be too big. While it’s okay to have some tens, don’t stock up on those.

What you really want to stock up on are plenty of five dollar bills, ones and coins. This way, you can easily have bills small enough to be acceptable by others when you need to conduct business.

What some survivalists are doing right now is exchanging large bills for smaller ones and then hiding those smaller denominations in safe places around their home. Rolls of coins can easily be hidden throughout your home as well.

Why People Get Gold and Silver for SHTF Situations

The world is headed for a crisis because history has shown that SHTF situations have already happened and are continuing to happen. As these situations occur, society starts to break down in various areas and sometimes all at once, from electrical to housing to financial.

That’s why it’s better to get gold and silver for SHTF situations. There could very well come a day when your money will be of no value. Or you won’t be able to use it at all. The world could head back to the times when the only thing you can use to get what you need to survive is gold and silver.

While banking systems have failed, while the currency rate does drop, gold and silver have track records of holding steady in value. Plus, these metals come in handy when it comes down to bartering if necessary.

Even when the value of paper currency and coin is bottom of the barrel, metals like gold and silver will always be in demand. It’s a good investment to have gold and silver on hand in preparation.

When society collapses as it’s shown to occur already in several countries and even in isolated incidents in the United States, you want something that’s going to last for the long haul.

Most people think that once society is gone, it’s gone. But people are resilient and eventually rebuilding society will happen. Your gold and silver will not lose its value during a SHTF situation and will remain valuable when society is rebuilt.

When there’s a major collapse in society, every kind of paper currency is at risk for becoming useless. The government will no longer support the banking system and the you won’t be able to access funds.

Those who have direct deposit won’t be able to get any money. As the currency spirals into worthlessness, the value of silver and gold will skyrocket as it becomes the new go-to means of buying and selling.

If you want to provide for yourself and your family, you’ll want to invest in these precious metals immediately. In the event of a SHTF situation, gold and silver will become the main currency.

You can buy these precious metals in two forms. Either in bars or in coins. When you stock up on the coin form, they’re acceptable forms of currency. The face value of the coin will depend on the weight of the precious metal in the coin.

For example, if you purchase a 1 ounce gold coin, the face value is $50. Remember though, that face value is different from market value.

What to Barter with Instead of Money

Since money might not be an option during a SHTF situation, you need to have another way to get what you need in place. The world works on a supply and demand system. If you have what you need and then some, you can always trade what you have for what someone else needs.

During times where there’s a crisis situation, it will serve you well to be prepared with items that others are going to need. Most people aren’t going to be prepared with the tools that need, so having tools on hand to barter with is a good idea.

You’ll also want to have extra staples to use for bartering. This includes items like flour, sugar, salt, and coffee. Personal items like toilet paper, shampoo, feminine hygiene items, and razors are items others will be willing to trade to get.

Stock up on food extras like canned goods, baby formula, tea, cooking oil, and canned meats. You’ll also want to have a supply of medicines you can barter. This would be items like ibuprofen, aspirin, anti-histamines, antibiotics, and antacids.

First aid items are also good trade supplies to have. Batteries, flashlights, ammo, and fishing items are always in high demand during a SHTF crisis. Some people stock up on luxury items too, such as alcohol and cigarettes.

Physically Protecting Your Money from Theft

During a SHTF crisis, if you have it, you can bet someone else wants to try to take it – someone who didn’t prepare and now they’re desperate. You can hide your money in a home safe.

You can stash it in various containers and locations. Hiding money and locking it away is a good, preventative measure. But sometimes, even if you’ve hidden your money, you find yourself in a situation where you’re going to have to physically protect your money from theft.

protectionYou’re going to have to decide if it’s worth the fight or not. You can determine if it is or not by whether the money the thief wants is all you have or if it’s a substantial amount. If it is, then you need to do what you have to for yourself.

If the other person is not armed, then you can physically push back against them and keep pushing until they see that you’re not giving up without a fight. Sometimes, all it takes is for a person to be willing to defend what’s his to make a thief back off.

If you’re where you can be able to run from the room, then you can hit the intruder with pepper spray. That alone will incapacitate most people. If you don’t want to use lethal weapons, and the intruder becomes pushy, you can use a baseball bat – but if you do that, you’ll have to swing hard enough to take down the thief.

Otherwise, he might be able to wrestle the bat away from you. Try to hit the thief in areas of the body where it’ll inflict the most pain such as the face or the groin. If it becomes a life or death situation, you may have to use lethal force.

Beware of Certificates of Confiscation

Treasury instruments have been, are and most likely always will be certificates of confiscation. The saving retirement calculators are almost guaranteed to fail because of this uncertainty. Here is a visual explanation so you can understand the math.

Read more Retirement Accounts Could Boost Treasuries

How to Destroy the Dollar

Ron PaulRon Paul recently told Newsmax why he has called for abandoning the Federal Reserve System and returning the nation to a gold and silver standard.

“It’s not so much that gold is perfect, it’s that paper is insane. To give politicians and bureaucrats and secret bankers the license to counterfeit money and create money out of thin air is destined to fail, and it has. That’s why we’ve had this financial bubble develop since the linkage to gold has been severed in 1971…

“Now they’re trying desperately to print and spend, but the bubble was overwhelming and the bursting of this bubble is something they can’t contain. It would never happen under a gold standard because there would be no legal right for our central bank to spend money and create money out of thin air. The arrogance of it all is unbelievable.

“If we continue doing what we’re doing now, we will literally destroy the dollar.”

This Is Not A Test

The Emergency Broadcast logo flashes up on your TV screen.

You try to click off but it’s on every channel..

You start to realize… this is not a test. This is Real

A News Anchor comes on screen and in a shaky voice says… “At 9:15 this morning, the U.S dollar Collapsed… I repeat the dollar has Collapsed.”

The entire infrastructure of America is now a prime target of opportunity for ANY attack. The T.V. suddenly shuts off; moments later, your entire neighborhood goes dark.

EarthquakeDamage-FSS-300x250You’re going to be OK though.

This is the moment you’ve prepared for… Right?

The signs are all around us and if you don’t know what you’d do then you owe it to yourself to get this free report right now.

You can access it right here.

This is the time to take action.

> Access it before it’s too late. <

Greece Today, America Tomorrow

Ron PaulThe drama over Greece’s financial crisis continues to dominate the headlines. It appears a deal has been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy and the European Monetary Union. However, this deal is merely a Band-Aid, not a permanent fix to Greece’s problems. So another crisis is inevitable.

The Greek crisis provides a look into what awaits us unless we stop overspending on warfare and welfare and restore a sound monetary system. While most commentators have focused on Greece’s welfare state, much of Greece’s deficit was caused by excessive military spending. Even as its economy collapses and the government makes (minor) cuts in welfare spending, Greece’s military budget remains among the largest in the European Union.

Despite all the handwringing over how the phony sequestration cuts have weakened America’s defenses, the United States military budget remains larger than the combined budgets of the world’s next 15 highest spending militaries. Little, if any, of the military budget is spent defending the American people from foreign threats. Instead, the American government wastes billions of dollars on an imperial foreign policy that makes Americans less safe. America will never get its fiscal house in order until we change our foreign policy and stop wasting trillions on unnecessary and unconstitutional wars.

Excessive military spending is not the sole cause of America’s problems. Like Greece, America suffers from excessive welfare and entitlement spending. Reducing military spending and corporate welfare will allow the government to transition away from the welfare state without hurting those dependent on government programs. Supporting an orderly transition away from the welfare state should not be confused with denying the need to reduce welfare and entitlement spending.

On reason Greece has been forced to seek bailouts from its EU partners is that Greece ceded control over its currency when it joined the European Union. In contrast, the dollar’s status as the world’s reserve currency is the main reason the US has been able to run up huge deficits without suffering a major economic crisis. The need for the Federal Reserve to monetize ever-increasing levels of government spending will eventually create hyperinflation, which will lead to increasing threats to the dollar’s status. China and Russia are already moving away from using the dollar in international transactions. It is only a matter of time before more countries challenge the dollar’s reserve currency status, and, when this happens, a Greece-style catastrophe may be unavoidable.

Despite the clear dangers of staying on our recent course, Congress continues to increase spending. The only real debate between the two parties is over whether we should spend more on welfare or warfare. It is easy to blame the politicians for our current dilemma. But the politicians are responding to demands from the people for greater spending. Too many Americans believe they have a moral right to government support. This entitlement mentally is just as common, if not more so, among the corporate welfare queens of the militarily-industrial complex, the big banks, and the crony capitalists as it is among lower-income Americans.

Congress will only reverse course when a critical mass of people reject the entitlement mentality and understand that the government is incapable of running the world, running our lives, and running the economy. Therefore, those of us who know the truth must spread the ideas of, and grow the movement for, limited government, free markets, sound money, and peace.

Article written by Dr. Ron Paul

500oz Silver To Buy A House?

“In 1980, it took 1000oz of silver to buy a single family median price home, that day will come again but it’s probably going to be less than 500oz. This opportunity isn’t going to last for long…there are these brief moments that go by, as far as historic time, they go by in the blink of an eye…where the safest place to be, the place where people run to, to protect their financial well being during economic crisis, gold and silver, they have been the safe haven for your finances for 5000 years. And there are these brief moments in history where they simultaneously become the asset class that has the single greatest potential gains in absolute purchasing power…and we’re in one of those RIGHT NOW.” – Mike Maloney

We face devastating storms, both physical and financial

Despite all the disasters happening around the world, one thing is certain in my mind… we are headed toward a financial collapse.

The distressed and perhaps permanently damaged economy has legions of deniers in official positions, who knowingly or unwittingly serve as apologists for the vested interests that resist change — energy companies on the one hand, global banks on the other.

It seems there are some out there that do not want us to know what is really going on in the world economy and only want us focused on giving them more of our money.

Read: We face devastating storms, both physical and financial on MarketWatch.

Economic Crash Worldwide Starting

Here is a good compilation of videos by financial experts discussing the impending economic collapse.

The Real State of the World Economy Is Dire

We are back to the ‘green shoots’ era of false hope and total misunderstanding of the real state of the world economy. Tidbits of good news, combined with manipulated and seasonally adjusted economic figures, are spreading an optimism that has nothing to do with reality.

A world with $250 trillion of debt and over $1 quadrillion of worthless derivatives can’t recover, especially since it is a world supported by reams of worthless printed paper currency.

We are at the end of a major economic cycle that started at the end of the Dark Ages; those alive today will experience the very beginning of the downturn. Sadly, it will be a major and very unpleasant upheaval that virtually nobody will escape.

In the last 100 years we have seen the creation of the Fed (owned, created and controlled by private bankers), combined with fractional reserve banking (allowing banks to leverage 10 to 50 times), exploding government debt, and a derivatives market of $1.4+ quadrillion. These are the principal reasons why the world economy has expanded in the last century, and particularly in the last 40 years. They have created a world of delusional wealth and illusory prosperity. Also, there is a total absence of moral and ethical values. We are in the final stages of an era of extreme decadence, an era that cannot and will not have a happy ending.

The US and the rest of the world will continue to print unlimited amounts of currency. But these are worthless pieces of paper and have nothing to do with wealth creation. The printing will just add to the already unsustainable world debt and not create any added prosperity. Instead we are likely to see a hyperinflationary depression in many countries.

For the privileged few that have financial assets to protect, physical gold stored outside the banking system is likely to be the best way to preserve wealth and purchasing power.

Read the complete article by Egon von Greyerz

Ron Paul: Dollar Will Collapse, Gold Will Go To Infinity

Appearing on CNBC, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.

“As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.

Paul added that recent drops in gold prices do not factor into the long term outlook.

“Markets do these types of things—they go up sharply, and sometimes they take a rest,” Paul said. “I was never very good on short term, whether it’s the stock market, or whatever.”

“If you look at the record of the value of the dollar since the Fed’s been in existence, we have about a 2-cent dollar. And gold used to be $20 an ounce. So I’d say the record is rather clear on the side of commodity money.” Paul said.

“Six thousand years of history shows that gold always retains value,” Paul added, “and paper always self-destructs.”

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Article written by Steve Watson
Infowars.com
June 19, 2013

Steve Watson is the London based writer and editor for Alex Jones’ Infowars.com, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham, and a Bachelor Of Arts Degree in Literature and Creative Writing from Nottingham Trent University.

What is a Recession

Dollar
Image courtesy of David Castillo Dominici / FreeDigitalPhotos.net
A recession happens when there is a significant decline in the economy which usually lasts for a short period of time. You can tell there is one when consumers don’t spend that much, a lot of people are unemployed, companies have to make job cuts, industrial production is down and lately, there is a housing crisis as people have to foreclose their homes.

By that definition, it would seem the U.S. has been in recession for the past couple of years. Many mainstream media pundits claim we are not in recession but a slow recovery.

Does it seem that way to you?

The technical indicator which tells you that the country is in a recession is when there has been 2 consecutive quarters of negative growth which is measured by the country’s GDP or gross domestic product.

Experts say that this is bound to happen because it is part of the business cycle and things usually improve within 16 to 18 months.

What is a business cycle? It is considered to be a periodic but irregular up and down movement in a country’s economic activity which can be measured by fluctuations in the GDP as well as other macroeconomic variables.

Things are going up when the economy recovers and expands. The situation goes the opposite direction when the market experiences a slowdown until it eventually reaches a recession.

In my opinion, the only reason our economy has not slipped into a full-blown depression is because the privately owned FED continues to print more fiat paper money to bail out the financial industry and keep them afloat. Because of all this cheap money, the stock market value has been inflated to appear it’s hitting new highs. Those highs, however, are masked by the flooding of the market with cheap money.

In the US, building permits are down… and foreclosures are up. There is no renaissance happening in manufacturing. Only half of the new jobs expected showed up in March. Retail sales are down, and consumer confidence is off. The US economy is growing below the Fed’s own “stall speed” indicator. Half a million people fell out of the workforce in March. Retail sales fell in March. So did manufacturing.

Ron Paul recently said on on Bloomberg TV, “You will not see economic growth until you liquidate the debt and liquidate the malinvestment out there.” He goes on to say, “Inflation is when you increase the supply of money. Bond prices go up. Stocks are going up. Housing prices are starting to go back up again. Education costs are going up, but the gross distortion is the effect that the inflation of the money does on the price of money and interest rates and how it causes economic problems and why you don’t get economic growth.

You have to look at the malinvestment and destruction that occurs when you mess around with the price of money. It’s not just the CPI because the CPI is not reliable. The government fudges that as well. They change the way they measure it. Free-market economists say it is going up about 8%. A lot of deception going on out there. I was just talking to someone on getting social security, they’re not happy with the purchasing power of the dollar and you can’t tell me there is no inflation.”

The recession in the United States has affected other countries and drastic steps have been taken to prevent it from getting worse. Britain has injected up to 50 billion pounds which is equivalent to $90 billion into its biggest retail banks. Japan has ordered its ultraconservative Bank of Japan to flood the world with freshly created currency.

Legendary investor Jim Rogers is worried about unprecedented money printing around the globe. Rogers says, “We have never had every government debasing their currency at the same time. . . . This is the first time in recorded history where you have most of them doing it all together. These are perilous times . . . one way or another, this is going to end badly.”

Is there light at the end of the tunnel? The answer is yes but it is going to be some time before anyone will see any improvements. Whether it’s tax cuts or tax increases as the politicians propose, this crisis will continue on for some time until we start to deal with the real issues.

Until somebody comes up with a plan to put people back to work, the current current state of the economy will not improve. It is something that the American public should insist their political leaders solve.

Fiscal Cliff Deal: More Taxes, More Poverty

The establishment media is extending kudos today to vice president Joe Biden for hammering out a deal that supposedly averted the so-called fiscal cliff.

“I want to thank the work that was done by my extraordinary vice president, Joe Biden,” Obama said late Tuesday night.

The Republican Senate boss, Mitch McConnell, went over Democrat majority leader Harry Reid’s head to negotiate with Biden.

“It was the fateful decision that put the Senate and White House on the pathway to the deal eventually approved by the Senate and the House, ending weeks of drama over the fiscal cliff,” the National Journal reports this morning.

But the deal allegedly averting crisis is anything but good news for the American people despite the backslapping on Capitol Hill and the sighs of relief in the corporate media.

In addition to kicking the fiscal can down the road, the so-called compromise finally did away with the illusion that Republicans are opposed to increasing the tax load on millions of Americans.

The Congressional Budget Office reports the deal cuts only $15 billion in spending while increasing tax revenues by $620 billion, what amounts to a 41:1 ratio of tax increases to spending cuts.

The Senate bill allows the so-called payroll tax holiday to expire, which will raise taxes on all Americans who earn an income. Democrats said this is not the case, that taxes will not rise, but the truth is the tax burden on working Americans will go up by at least 2 percent.

The wealth creators and producers — the entrepreneurs, small business owners, and maligned “rich” taxpayers — earning over $400,000 will see their top tax rate increase to 39.6 percent.

In addition, the double tax on dividends and capital gains will increase from 15 percent to 20 percent, thus adding more disincentive for the producers to create wealth that translates into jobs and prosperity for millions of Americans.

The supposed compromise adds incrementally to the long-term goal of impoverishing America and making sure its ability to create wealth is irreparably broken.

Article written by Kurt Nimmo
Infowars.com
January 2, 2013

Emerging Signs of A New Global Crisis

A more than one trillion dollar debasement in 2013 is now apparent.

Last week, the Federal Reserve announced an expansion of its bond-buying program consisting in large scale purchases of long-term treasury securities.

These purchases come in addition to the monthly $ 40 billion in mortgage-backed securities (MBS), the so called QE3, launched in September of this year. This means that now, monetary expansion will be equivalent to a total of $85 billion a month. Simply put, this is an unprecedented rate of currency creation for the FED.
Thus, a more fitting name for this latest round of easing would be QE4Ever (QE forever).

The novelty in the Fed’s most recent statement is that for the first time it has linked its bond purchases to specific economic parameters.

The FED stated it would hold its target interest rate (currently between 0 and 0.25%) and continue easing for as long as unemployment remained above 6.5% and inflationary expectations did not exceed 2.5%.

How did the FED select the given unemployment rate parameter?

Perhaps it is associated with the fact that unemployment sat at 6.5% at the cusp of the financial crisis in October of 2008.

If the labor market does not improve substantially (hint, hint… it won’t) the FED’s Open Market Committee will continue its purchases of Treasuries and MBS indefinitely with a likely possibility of increasing these purchases in the future.

The central point for stock markets is that this ultimately leads to a trap. In the future, positive employment data could be judged as negative, by signaling an end or a reduction to the FED’s stimulus to an economy that has become dependent on it. This would be negative for stock markets, as it is no secret that there exists a direct correlation between monetary stimulus and rising stocks.

However, we must realize that Ben Bernanke, FED chairman, is not willing to tolerate high unemployment nor is he willing to tolerate falling stock markets. This exposes an already evident problem: QE dollar debasement will remain the essential wonder drug to sustain this ficticious notion of a “recovery”.

A simple reminder that in order to lower the unemployment rate from its peak of 10% in October of 2009 to 7.7% in November of 2012, the FED added $ 1.8 trillion to the currency supply, today closer to $ 2.7 trillion (see chart). A high price.

At the advertised rate, in less than a year, the FED’s balance sheet could be approaching $ 4 trillion or beyond.

Continue reading QE4 Ever: Emerging Signs of A New Global Crisis at GoldSilver.com

The Curse of the Reserve Currency

Is reserve currency status an economic blessing or a curse? The answer might seem obvious, as reserve currencies have been shown to confer lower borrowing costs on their issuers. But what of the borrower who, enticed by low interest rates, borrows more than they can pay back? Naturally the result will be a default. However, for the issuer of a reserve currency that is unbacked by a marketable commodity, such as gold, in the event that they borrow too much, they can just print more currency. While this avoids default indefinitely, it also hollows out the economy, erodes the capital stock, reduces the potential growth rate and, eventually, leads to a dramatic devaluation of the currency and loss of reserve status. History has not been kind to countries that have followed this path. In my view, the grave investment risks associated with the US dollar’s inevitable and potentially imminent loss of reserve status are not priced into financial markets.

Continue reading whole article

Declare Your Independence from the FED Money Ponzi Scheme

Now that Obamacare is the Law of the Land, I believe more strongly than ever that if we are going to survive the financial holocaust this law is bringing, owning physical gold and silver is more important than ever.

Despite the numerous new taxes that will be imposed in the coming years, Obamacare is destined to explode the national debt and deficit. How will the government pay for all that debt?

The FED will print more money… that’s how.

And, what happens when the FED prints money?

Watch this video that explains money creation by the Federal Reserve and how it is manufactured out of thin air.
http://www.youtube.com/watch?v=p3_Q1SiRN-A
also: http://www.youtube.com/watch?v=bcc-TqvCXqU

Quite simply, it devalues our dollar. Each of the paper dollars you have in your wallet will purchase less and less. Some might call it inflation.

I call it theft.

It’s stealing the future purchasing power of all Americans and transfers the wealth to the mega-banks, insurance companies, and derivative speculators.

Watch this video to see how inflation works…
http://www.youtube.com/watch?v=afWqKcqntfs

If you want to maintain your purchasing power and have any hope of protecting your wealth, you’ve got to get out of paper assets now and go “all-in” with commodities that maintain their value. In other words, gold and silver.

In addition to perhaps buying some coins from your local coin dealer, I’ve been recommending several other ways to get more precious metals.

Silver Saver

Whatever you choose to do, I suggest you do it soon because the day may not be too far off where you won’t even be able to buy physical gold and silver any longer.

Obama in Your Tank

A recent New York Sun editorial echoes the point often made by GoldMoney’s James Turk — that gasoline isn’t going up in price, but rather the dollar is going down in value, and that the relevant policy isn’t energy policy but monetary policy.

Read The Sun’s editorial here: “Obama in Your Tank“.

Consequences of Collapse: Access to Critical Medicines Is Disappearing in Greece

When a nation goes into economic crisis the paradigm to which its people have become accustomed begins to deteriorate. Access to critical supplies becomes difficult, sometimes immediately. In the case of Greece, which has been dealing with a loss of confidence in its debt instruments and economic policy, the collapse of life as Greeks know it has taken place over the last several years.

While we have been fortunate enough to avoid as severe a calamity here in the United States, many of the forecasts put forth by ourselves and others regarding the effects of an economic collapse are already taking place in Europe, namely Greece. In the midst of the Greek panic in 2010, for example, as Greece’s meltdown was in full swing and the people scrambled to get out of paper currencies, the price of gold, which was trading for around $1100 an ounce in the global commodity exchange marketplace, soared to over $1700 an ounce on the streets of Greece. In recent months, as Greece implements austerity measures and the unemployment rate sky rockets, its people have lost the ability to engage in traditional commerce because, simply put, they have no tangible income or money to do so. As a result, we’ve begun seeing a barter society emerge all over the country, making it possible for some people to directly exchange labor for consumptive goods and service.

When things get bad – and they will – the most essential items necessary for survival will disappear first. As currencies collapse, financial market destabilize and economies come to a standstill, critical supplies like food and medicine will become difficult to acquire at any price. This is exactly what is now taking place in Greece, where access to life-saving drugs and even common over-the-counter medicines like aspirin is becoming a tragedy where the losses will be measured not in Dollars or Euros, but lives.

Read more of the article written by Mac Slavo
SHTFplan.com
January 12th, 2012

How To Make A Difference And Help Improve The Financial System

The rumor of increasing energy and food prices, housing bubble, and the wearing of the U.S. Dollar in the international market are not actually new. However just recently, facts came out that America has been stripped off its popular Credit Rating AAA. Now, America stands at its new rating AA . Although the difference between the two ratings is just marginal, America is one of the most powerful countries in the world. The credit rating denote America’s ability to pay debts and this new rating has truly damaged their trustworthiness.

Looking at the brighter side, it is not yet the end of the world. Everything happens for a reason. And that is for America to rise and to do something about this hardship. On the other hand, the government is not the only one that should be working but also the citizens. If you are a concerned citizen who wishes to make a difference and to help improve the economy, here are some ways that you can do.

Be Positive
Positive approach is driving. It can boost self-esteem. Do not bad mouth your own nation. Instead of bad mouthing your own nation state why not renew your mind and be positive. Bad mind-set can only bring disaster. Keep in mind that words are authoritative and it can either make you or break you. You can start saying, America is a strong country. It can rise and improve.

Don’t Wait For The Government To Act.
Start Managing Your Credit Wisely.

If you wait for the administration to solve your troubles, it can take years. Try solving your own troubles by managing your finances and paying your debts. By that, you are helping your local economy. Learn by heart that intentions alone are not good enough. Be committed.

Believe In The Ripples Effect
If you are a SB owner, you are one of the key players in the state’s financial system. Look for ideas to improve your business. Also, the country is depending on people who buy and sell goods and services. If you wish to help the country, do your part in reinventing your establishment. Your aim should be to make your business booming. Discover lawful ways on where to buy and sell your products and services, you are not just helping yourself, but the people around you as well. Ripples effect – start small and in due time your efforts will grow big.

Learn How To Recycle
To help improve the economy, people are encouraged to recycle. It serves two purposes. By learning how to recycle, you are reaching out not just to the state but to the environment as well. Start with your own homes. Try to use things that are present and are still reusable. Do not splurge and buy items that you will not need.

Plow And Capitalize With Your Own Country’s Products And Services
To avoid layoffs, support the country’s own product and services. Keep in mind that almost every day, people are losing jobs because of the deteriorating financial system. Be concerned and love your own.

Improve Your Health
Health care is one of the major problems in America and so is obesity. If you wish to help your nation, start living healthy. This is for your own good and for your nation as well. By staying fit and healthy, you are decreasing your chances of medical diseases and disorders. Also, you are preventing amount outstanding because being hospitalized can cost a lot of money. To stay healthy and out of debt, live a fortifying lifestyle.

Do not be ungrateful and help your nation improve the financial system. Do your part and consider the tips above. Help your country and make a difference today.

Learn how love can alter history and economy. Is love the key to solving life’s adversities. Find out more and go to see the links today!

How to Survive a Recession

Recessions happen and you can see it and take the appropriate steps before it is too late. Here are a few tips you should know about to help you survive.

1. If you happen to be in debt, get out as quickly as possible by finding ways to pay for it. If ever you need help, hire a financial consultant who can help you with your budget.

2. We have to pay the bills. Instead of just paying for them, perhaps you should see if you can switch to another company that offers cheaper rates. Take a look at your electricity, gas, mobile phone, television broadband package, insurance and even your bank account then make the necessary changes.

More on How to Survive a Recession

A Savings Account More Valuable than Gold and Silver

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Consider how happy you’ll be when you can pull off the shelf an easy to prepare meal when inflation pushes the price of food through the roof.

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Remember having a savings account in food can be much more valuable than gold and silver.

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Fed Hints It Will Print and Inflate Dollars as Gold Hits New Record

Chicago Federal Reserve Bank President Charles Evans says the Fed will probably “overshoot” its “informal” two percent inflation target in a desperate effort to jump-start the economy and get credit moving again.

“In the last several months I’ve stared at our unemployment forecast and come to the conclusion that it’s just not coming down nearly as quickly as it should,” Evans told the Wall Street Journal. “This is a far grimmer forecast than we ought to have,” he said, so Evans favors “much more accommodation than we’ve put in place.”

In other words, the Fed will continue its destructive policy of “quantitative easing.” It will create money ex nihilo — out of nothing — and further devalue the dollar. The Fed will use funny money created out of thin air to purchase government bonds, mortgage-backed securities and corporate bonds. Zombie banks will feed this funny money into the stock market casino.

The Fed knows “that they can use the stock indices as a ruse to dupe the dopes into thinking all is well while promulgating the belief that the Fed is here to help,” writes Barry M. Ferguson. “In real terms, the US dollar has lost more than 50% of its value since 2001 while the Dow has remained at the same level of ten years ago.”

For those not fooled by the Fed and the corporate financial media, the only safe haven is in gold and silver. So long as the Fed continues to destroy the dollar, gold and silver will follow an inverse trend reaction to dollar devaluation, as Ferguson notes.

Article written by Kurt Nimmo
Prison Planet.com
Wednesday, October 6, 2010