Please look at the graphic below which compares a period of time leading up to the 1929 Stock Market Crash, and recent market trends over the past few years. This information is circulating the Internet as a prediction that come this January the stock market will crash. Based on these trends Economic Collapse appears to be right around the corner. I have stared at those trends over and over again just wondering. Is this for real? How could something that happened decades ago actually repeat and happen again? I don’t have all the answers but I will be honest with
Continue reading Stock market crash of 1929 repeating?
I realize that this will probably count as heresy in this company, but I feel it is time for me to explain at least an alternative standpoint. Maybe somebody can give me a concrete reason that validates the gold standard. The argument that it was historically always thus is not a real argument in my eyes.
In answer to everybody that demands a return to a gold standard for currency: Why is this any different to any other arbitrary valuation system? I agree that it has the one advantage that it has a finite supply, so it
Continue reading Thoughts on the Gold Standard…..
I recently received the following email from a reader:
I would ask you to advise all your readers to watch “Death by China”, (it is on Netflix), well before the Christmas shopping season. You can also watch a preview on you tube.
The US has lost 57,000 manufacturing plants to China, since Clinton signed away the US economy with the World Trade Organization agreement. Five and a half Million US manufacturing jobs, trillions of dollars of more trade deficit each year. Toxic paint on children’s toys, poison dog food and Baby
Continue reading Death by China
Check out the following excerpt from WashingtonTimes.com article published on November 13th -
MOSCOW — Predicting the imminent collapse of the U.S. dollar, a Russian lawmaker submitted a bill to his country’s parliament Wednesday that would ban the use or possession of the American currency.
Mikhail Degtyarev, the lawmaker who proposed the bill, compared the dollar to a Ponzi scheme. He warned that the government would have to bail out Russians holding the U.S. currency if it collapses.
“If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” said Mr. Degtyarev, a member of the nationalist Liberal
Continue reading Russian lawmaker wants to outlaw U.S. dollar…..
By Harriet, Editor At Large – SeasonedCitizenPrepper.com
As I look back over my own life and through the generations as far as our family is concerned, I think our biggest risk is not a collapse of the power grid, nor TEOTWAWKI, but financial hardship due to loss of employment, loss of a working partner, changing social circumstances or a slow, insidious reduction of buying power at a time when there is low income. So with this in mind here is a quiz:
Do you have a full store cupboard to see you through a bad patch of
Continue reading When We Need to Prep for Economic Hardship
New Zealand Economic Collapse
By Harriet, SeasonedCitizenPrepper.com Editor-At-Large Australia
***This article originally appeared over at SeasonedCitizenPrepper.com. It can be found HERE.
Back in 1984 I lived in New Zeal and during the time the country’s economy collapsed. I was told by someone working very close to the incoming government that the country technically became bankrupt over the weekend after the 1984 elections. This meant the incoming government had no money in its coffers to do anything but stagger from day to day hoping that the news of the country’s bankruptcy wouldn’t hit the media.
We were, of course, told
Continue reading New Zealand Economic Collapse
What do you think folks?
This re-post from the excellent website TheEconomicCollapseBlog.com can be found in its original form here - http://theeconomiccollapseblog.com/archives/50-predictions-for-2013.
50 Predictions For 2013
Are you ready for a wild 2013? It should be a very interesting year. When the calendar flips over each January, lots of people make lots of lists. They make lists of “resolutions”, but most people never follow through on them. They make lists of “predictions”, but most of those predictions always seem to end up failing. Well, I have decided to put out my own list of predictions for 2013. I openly admit that I won’t get
Continue reading Via The Economic Collapse Blog – 50 Predictions For 2013
This post was originally published over at SeasonedCitizenPrepper.com. I have to be honest – I never knew that New Zealand had the economic troubles the author describes. After reading – I waned to share with the MSO family.
To view the article in its original format – see http://seasonedcitizenprepper.com/new-zealand-economic-collapse/.
New Zealand Economic Collapse
By Harriet, SeasonedCitizenPrepper.com Editor-At-Large Australia
Country-wide economic collapse. Do I have to bug out? One person’s experience.
Back in 1984 I lived in New Zeal and during the time the country’s economy collapsed. I was told by someone working very close to the
Continue reading NEW ZEALAND ECONOMIC COLLAPSE
Many preppers today are doing so out of fear of inflation and the economy. More and more people are shopping sales, using coupons, and shopping discount centers. Part of my inflation protection system is stocking up on many commonly used household items such as shampoo, body wash, soap, toilet paper, dish detergent, and laundry detergent. I buy when on sale and stock up.
With two action-packed boys we go through a lot of laundry detergent. My wife and I typically buy large containers of liquid detergent at SAM’s. I had heard of people making their own detergent and decided to give
Continue reading Being frugal……homemade laundry detergent
I know it is long but this is a great interview with SurvivalBlog.com owner James Wesley, Rawles.
I enjoyed it.
Reprinted with permission from The Economic Collapse – original article can be found HERE .
The Bad Jobs Report Is Just A Very Small Taste Of The Nightmare That Is Coming
Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total “disaster” and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The
Continue reading from The Economic Collapse – The Bad Jobs Report……
This article appeared originally over at The Economic Collapse - a great site.
- – – Rourke
The recent elections in France and in Greece have thrown the global financial system into an uproar. Fear and worry are everywhere and nobody is quite sure what is going to happen next. All of the financial deals that Greece has made over the past few years may be null and void. Nobody is going to know for sure until a new government is formed, and at this point it looks like that is not going to happen and that there will need to
Continue reading 11 Quotes That Show How Worried The Financial World Is About Europe Right Now
If you are at all concerned, interested……or an American citizen – please go over to The Homestead Report and read one of JP’s latest posts – Economic Collapse: A Very Real Threat.
Why is this post important to the prepper community? Well, like many of JP’s other posts he does an excellent job of putting together information from a variety of sources showing the problems we have today with government and our political system.
In this particular post – the economy is his subject and he provides eye-opening charts and graphs, videos, and other information to get a point
Continue reading Recommended reading: “Economic Collapse: A Very Real Threat.”
Published with permission from The Retreat . Original post located HERE.
I have a few questions for our Elected Officials. There are a few things that I don’t quite understand that they have talked about and a few questions about a few things they just don’t talk about at all. The first question is what are the people doing that were on unemployment that have run out of benefits and still have not been able to find a job? What are they doing for money to pay their bills and feed their kids? Why are these people still not being
Continue reading Re-post from The Retreat: The American Economy – A Few Questions
I believe we are standing at the top of a great mountain…….and about to fall over the edge. It will take a while to reach the bottom…but the path down will be bumpy and as we get closer – we will pick up speed.
Of course – I am using the above as an analogy for our economy today. I, like many others, just do not see the leadership in Washington that can make the correct decisions to lead our way to safety. This country has been mislead for many years – with powerful politicians and corporations making laws that primarily benefit…….powerful politicians and corporations. A court-backed liberal minority
Continue reading It is time……….
I am lucky. I have a good job and my wife works as well. I am not heavy in debt.
Regardless – I am pretty particular where I spend my money. In today’s economy a little research, a little looking around and you can save a lot of money.
Here are some examples:
Google Product Search – I buy a lot of stuff online. Although I make every effort to do business locally – I just cannot justify spending more money on a product ”up the road” if there is a significant difference to getting it through the mail. Google has a “shopping” search function that
Continue reading Stretching money in a tough economy
Alright everyone – I am really excited to watch this new TV show Monday night at 10:00pm (here on the east coast).
The show is called “Doomsday Preppers” and of significance in this episode is the highlighting of two people I am familiar with – SouthernPrepper1(David) and Engineering775(Scott) from YouTube. I recently spent the day with these two great guys and I am very excited for them with this opportunity. The show illustrates the importance of preparing for all aspects of life if they were to be put into a survival situation and touches on everything from food, water, shelter, defense, stress management
Continue reading New prepper TV Show: “Doomsday Prepper”
There are troubling financial signs coming out of Washington and the State Capitols. Deficits, mounting debt, and a poor economy are proving to be a direct threat to the future of our country. Poor economic policies, trillions of dollars in national debt, political bickering, and a fundamental lack of leadership will bring on the dissolution of the United States.
2011 and 2012
The Federal budget for 2011, which runs from October 2010 to September 2011, was finally passed in early April of 2011, six months late. The budget projected the 2011 deficit to be $1.645 trillion
Continue reading Guest Post: The Dissolution of the United States
As if the news can’t get any worse for those who pay attention – Standard and Poor’s changed it’s outlook on the US credit rating from “stable” to”negative”. This is a significant event.
Investing in the United States has long been considered probably the safest most secure investment in the word. This is certainly a step in the opposite direction. It is amazing to me that so many people – such as yourself and now Standard & Poor’s can see the seriousness of the national debt – but Congress can’t seem to get together and do anything about it.
Continue reading Standard & Poor’s Downgrades its outlook for US
I had been planning a post regarding the ever increasing food prices when Suzannah over at Southern Belle Prepper sent me an email with a link to the article below.
Please read the following article and I will have comments following.
Photo: Courtesy of The Obsessive Shopper.net
Prices at LDS canneries show inflation for food up between 11 and 49% By Kenneth Schortgen Jr, Finance Examiner April 7th, 2011 1:17 pm ET Original post located at: http://www.examiner.com/finance-examiner-in-national/prices-at-lds-canneries-show-inflation-for-food-up-between-11-and-49
Price inceases on April 4th at the LDS canneries show inflation up between 11 and 49% for many basic food staples.
Continue reading Food prices continue to increase……..