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 [...]
Continue reading Russian lawmaker wants to outlaw U.S. dollar…..
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 [...]
Continue reading NEW ZEALAND ECONOMIC COLLAPSE
We continue the multi-part series of Questions and Answers involving several websites who each take one simple question…..and answer it. This Q&A will continue through Friday.
The other participating sites are as follows:
SeasonedCitizenPrepper.com IfItHitsTheFan.com The Retreat reThinkSurvival.com DoomandBloom.net ApartmentPrepper.com
Today’s Question: What’s the most important thing people can do to prepare themselves in today’s troubled economy?
The short answer is food. Lots and lots of food. Its not getting enough press but food prices continue to go out the roof. In a depressed economy [...]
Continue reading Preparedness Website Q&A………question #3
theroadwarri0r on YouTube just uploaded this video and left the comments below. Note in the video where the debt is mentioned to be at 5 trillion dollars. Seems like chump change compared to today.
“Isn’t the prescience of this video amazing? Do any of you remember seeing this back when you had to actually stand up to change the channel on Saturday mornings? This wasn’t that long ago, and look at our country now…well over $16,000,000,000,000 (sixteen trillion) dollars of [...]
Continue reading YouTube Video: Education for the kids (and the Congress)
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 [...]
Continue reading 11 Quotes That Show How Worried The Financial World Is About Europe Right Now
HOUSE BILL NO. HB0085 was submitted in Wyoming this past week and has caused quite a stir. Basically the bill requests a study to be done by the state to determine what the state must do in case of the collapse of the Federal Government.
The bill starts off by stating the bills purpose:
AN ACT relating to governmental studies; providing for a task force to study governmental continuity in case of a disruption in federal government operations; providing for a report; providing [...]
Continue reading Wyoming bill introduced to study “what if” the Federal government collapses….
Note from Rourke: I value everyone’s opinions – even those that differ from mine. With that said….I present this guest post.
Raising the Debt Ceiling Can Prevent the Forthcoming Recession- Give It A Thought
by Sophie Kinsella
The Congress has decided to reduce the federal deficit to the gradual economic recovery. As its immediate effect, it is presumed that when the economy will recover, the federal budget will be balanced. A sustained economic growth should be followed by a [...]
Continue reading Raising the debt ceiling……
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 [...]
Continue reading Standard & Poor’s Downgrades its outlook for US
The following is being re-posted with permission from SHTFblog.com . I read it and felt it was great – so I asked if I could also post it here.
Main Stream Media vs The Blogosphere – What’s the Economy Really Doing?
by Jarhead Survivor on March 18, 2011
Today – straight from the SHTFblog newsroom:
For the last few years I’ve watched the main stream media, and by that I mean large news sites like CNN and MSNBC, try and tell everybody that everything [...]
Continue reading What is the Economy Really Doing via SHTFblog
Ok everyone – another poll. I think these are fun and it is interesting to see the results. So – how do you think things will be in 5 years?
Take Our Poll
Continue reading New Poll: Are things getting better?
Saw this over at TEOTWAWKI.ws- definitely worth watching……..
Continue reading Video for Modern Times……
The Rourke family went on a tour of a winery not too far from home. Very interesting how wine is made – especially on a large scale.
During the tour the owner discussed raw material and guess what – how the prices have been going up on them recently and reducing his profit margins. He specifically discussed sugar and that how last year he was paying $16.00 for a 50 pound bag – and now that same bag is [...]
Continue reading Evidence of inflation……
I pay very close attention to food prices as I do the grocery shopping in my family. Recently – I have noticed that prices – even sale prices – were higher than normal. Often I found myself noticing that regular prices were almost double on some items, then then marked down 30% for a sale. Still much high than normal.
I decided to do a little research to see if what I was seeing had any validity to it. Once I [...]
Continue reading Hyperinflation for 2011?
Reprinted with permission via TheEconomicCollapseBlog.com .
Is America In Decline? 24 Statistics About The United States Economy That Are Almost Too Embarrassing To Admit
Does anyone really want to hear that America is in decline? For decades, most of us have been raised to believe that the United States is “number one” and that anyone who doubts that fact is a “gloom and doomer” that should just pack up and move to “Russia” or “Iraq” or some other country where things are [...]
Continue reading Is America in Decline?
Bill Simon, CEO of Wal-Mart’s U.S. business, at a recent Goldman Sachs conferance made the following comments regarding customer behavior:
“I don’t need to tell you that our customer remains challenged…You need not go farther than one of our stores on midnight at the end of the month. And it’s real interesting to watch, about 11 p.m. customers start to come in and shop, fill their grocery basket with basic items – baby formula, milk, bread, eggs – and continue to shop [...]
Continue reading Recent comments from Wal-Mart CEO
I recently recieved several inquiries as to why I included “Stash $10.00 in nickles” on one of my posts – Evaluating Goals.
Saving nickels is supposed to be a hedge against inflation. Here is the reasoning: The United States nickel is made up of 75% copper and 25% nickel. Should inflation take hold and the cost of everything begins to increase – the pure base metal value of the nickel will increase as well – far beyond the [...]
Continue reading Why store nickels?
Justus over at Advanced Survival Guide has linked to an awesome telling map of the unemployment rate in the USA that changes over time.
The first time I watched the map as it changed to show the increased rates up to present time – it was very shocking.
Check it out here.
Continue reading US Unemployment Map
Labor department released today information stating that the unemployment rate fell from 9.7% to 9.5%.
Good news, right?
Well - quoted from an MSNBC news article -
“The unemployment rate dropped from 9.7 percent to 9.5 percent, the lowest level since July 2009. But it fell because 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.”
I wonder how much of that you will actually hear listening to the [...]
Continue reading Economy on the right track?
I am no economic expert……but I have my opinions on what the government has been doing to supposedly help us. I just do not see it. The current administration is doing the opposite of what the Reagan administration did after taking office after Carter and the recession that was occurring back then. In my honest opinion – Obama is as radical as many suggested during his campaign – and much is coming to light now as he has bailed out [...]
Continue reading Our Government and the Economy
Over the past several months I have heard what is supposed to be a lot of good news about the economy. I just don’t buy it.
I am not an economic expert – but I still see bad times ahead and a possible second phase to this economic crisis. Just last week Obama stands in front of a bunch of reporters and announces great news – that the unemployment rate fell by .2% . When you look at the numbers it [...]
Continue reading Economy and Recent World Events
Continue reading Sad but true…….