Chicago’s 2016 Memorial Day Weekend: 7 Killed, 68 Wounded

Regular Survival And Prosperity readers may have noticed I haven’t blogged too much about Chicago recently. Reason being? I’ve grown tired of pointing out the obvious, which is the writing’s on the wall for the “Windy City,” and that scene is bound to get real ugly before conditions can improve. However, this afternoon I feel compelled to make an exception as “Beirut By The Lake” was seriously hopping over the long holiday weekend. The HeyJackass! (“Illustrating Chicago Values”) website breaks down the carnage under a section entitled “Memorial Day Weekend”:

This weekend marks the start of the annual Summer Stupidity & Shooting Season. Between now and Labor Day weekend, we’ll expect to see around 225 homicides and an additional 1,000 shot and wounded.
Final Stupidity Tally: 7 killed, 68 wounded
2015 weekend tally: 8 killed, 24 wounded
2014 weekend tally: 9 killed, 27 wounded

“7 killed, 68 wounded”

It should be noted that last weekend’s shootings weren’t confined to those areas of Chicago one might reasonably expect such violence to take place. Alexandra Chachkevitch, Joe Mahr, Peter Nickeas, and Grace Wong observed on the Chicago Tribune website this morning:

The rest of the weekend shootings were scattered across Chicago. They happened as far north as West Rogers Park and northwest as Jefferson Park and as far south as the West Pullman neighborhood. The violence centered on the West Side, though. Seven of the shooting incidents on the West Side had more than one victim…

Only a matter of time now before there’s renewed talk of bringing in the Illinois National Guard, U.S. Department of Homeland Security, or U.S. Army to patrol the streets of Chiraq.

And rounding up all the guns….

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Chachkevitch, Alexandra , Mahr, Joe, Nickeas, Peter, and Wong, Grace. “Memorial Day weekend closes with 69 shot in Chicago, many of them on West Side.” Chicago Tribune. 31 May 2016. (http://www.chicagotribune.com/news/local/breaking/ct-chicago-shootings-memorial-day-20160530-story.html). 31 May 2016.

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Quote For The Week

“I had reasoned this out in my mind; there was one of two things I had a right to, liberty, or death; if I could not have one, I would have the other; for no man should take me alive; I should fight for my liberty as long as my strength lasted, and when the time came for me to go, the Lord would let them take me.”

-Harriet Tubman (American abolitionist, U.S. Army nurse/scout/spy. 1822-1913)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, May 31st, 2016 Quote For The Week No Comments

Memorial Day 2016

There will be no new material posted on Survival And Prosperity today in honor of the gallant men and women that served, fought, and died in defense of this amazing country of ours.

New posts will appear tomorrow. Enjoy the remainder of this long holiday weekend.

Christopher E. Hill
Editor

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Monday, May 30th, 2016 Housekeeping No Comments

Signs Of The Time, Part 104

In the May 2016 issue of The Atlantic there’s an article entitled “The Secret Shame of Middle-Class Americans.” Neal Gabler writes:

Since 2013, the Federal Reserve Board has conducted a survey to “monitor the financial and economic status of American consumers.” Most of the data in the latest survey, frankly, are less than earth-shattering: 49 percent of part-time workers would prefer to work more hours at their current wage; 29 percent of Americans expect to earn a higher income in the coming year; 43 percent of homeowners who have owned their home for at least a year believe its value has increased. But the answer to one question was astonishing. The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?

I didn’t know.

But I’m really not surprised to learn of it either.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Gabler, Neal. “The Secret Shame of Middle-Class Americans.” The Atlantic. May 2016. (http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/). 24 May 2016.

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Peter Schiff: Obama, Federal Reserve, Government Have Failed As ‘This Economy Is A Disaster’

Economist, financial broker/dealer, and author Peter Schiff appeared on the Alex Jones Show last Friday. Schiff, who correctly-called last decade’s housing crash and recent global economic crisis, discussed a number of subjects with Jones, including Puerto’s Rico’s recent default/economic crisis and “modest” U.S. inflation numbers. The “crash prophet” said of the U.S. territory:

It’s never a problem until it is. So Puerto Rico is broke, but now it’s a problem because the creditors figured out that they’re broke. Well America is more broke than Puerto Rico. That’s a fact. It’s just that our creditors haven’t figured it out yet. But when they do, then Donald Trump is going to end up being right, because all we can do is default. And if we don’t default, if we print money- which now Trump is saying, “Oh, we don’t have to default because we can print.” Well printing is worse than default, because printing doesn’t just wipe out the bondholders, it wipes out anybody who hold U.S. dollars.

When asked by Alex Jones where all the inflation is being hidden, the CEO of Euro Pacific Capital pointed out:

It’s actually hiding in plain sight because, because first of all, the inflation is all the money printing. That’s the definition. The consequence of inflation is that prices go up. But look, stock prices went way up. Real estate prices went back up. Rare art went back up. Collectible cars went back up. I mean, asset prices have gone up like crazy- that is inflation. And, of course, anybody who lives in America knows that the prices are going up. Look, rents are up about 8 percent year-over-year. Look how much health care costs have gone up. Utilities are going up. Look at the price of food. Have you bought a steak recently at a supermarket? Prices are going up. It’s just that the government is not doing an accurate job of reporting, and that is by design…. The standard of living is going down. Americans are working two or three jobs a piece. And they can barely make ends meet. You know, this economy is a disaster. And everyone wants to pretend that it’s great, because no one wants to admit that Obama is a complete failure, that the Federal Reserve was a complete failure, that everything that government has done has failed.


“Venezuela Is America’s Socialist Future”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Marc Faber: ‘Most Attractive Assets In My View Are Gold Shares And Oil And Gas Shares’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the CNBC TV show Trading Nation last Wednesday. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked investment strategy, and shared the following with viewers:

My view is that in June, [the Federal Reserve] will not move, that they will not increase rates. And that the market will begin to perceive that the Fed wants to support asset markets, which they have stated on numerous occasions before. And that in that environment, gold, which from now on may correct maybe 5 percent or so, will start to move up again. I think an investor should understand, we don’t know how far central banks will move around the world. We need to be diversified. To own some real estate makes sense. To own some equities makes sense. To own some cash and bonds probably makes sense. And to own some precious metals makes sense. The most attractive assets in my view are gold shares and oil and gas shares. I think they still have significant upside potential this year.

(Editor’s note: Bold added for emphasis)


“Marc Faber on investment strategy”
CNBC Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Quote For The Week

“Patriotism is supporting your country all the time, and your government when it deserves it.”

-Mark Twain (American author and humorist. 1835-1910)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, May 24th, 2016 Government, Quote For The Week No Comments

Signs Of The Time, Part 103

Last week I saw the following e-mail from Crain’s Chicago Business in my inbox. The subject line was:

Chicago is in crisis. Let’s talk. Be there.

And the body of the e-mail:

Crain’s Future Of Chicago Conference

Chicago is at a tipping point and the world spotlight is directed squarely on us

(Editor’s note: Bold added for emphasis)

Been warning about this situation for how many years now?

There was also this:

Business, government, education and civic leaders are coming together at this pivotal point to forge a way forward at a Crain’s conference like no other…

I wonder how many of these “leaders” helped bring about the present crisis? And if they were involved in the debacle, does it really make sense they should be relied upon to fix it?

I won’t be attending the conference, but I wish participants the best of luck with their attempt to “forge a way forward.” They’re going to need it.

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Wednesday, May 18th, 2016 Debt Crisis, Signs Of The Time No Comments

Quote For The Week

“A danger foreseen is half-avoided.”

-Cheyenne (Native American nation of the Great Plains) proverb

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Monday, May 16th, 2016 Quote For The Week No Comments

Jim Rogers: ‘Not All Of Us Are Going To Survive What’s Coming In The Next Few Years’

Well-known investor, financial commentator, and author Jim Rogers was recently interviewed by Jay Taylor (editor of J Taylor’s Gold & Technology Stocks newsletter) for the radio show Turning Hard Times into Good Times. It was a phenomenal discussion about a number of finance/investing related topics.

Regular readers of Survival And Prosperity know that the former investing partner of George Soros is forecasting that the U.S. economy will be in recession “sometime in the next year or two.” He’s also seeing signs of the next economic crisis “already happening.” But does Rogers think the winner of this November’s U.S. presidential election will turn the country around? He lamented:

No matter who of the major candidates, no matter who wins Jay, it’s not going to be good for America or good for the world. If Donald Trump does the things he says he going to do, I mean, we’re going to have trade wars with half the world. Well trade wars have always, always, throughout history led to bankruptcy and led to war. I don’t know if he means what he says, I don’t know if he knows he means what he says. But Sanders of course, Sanders will bankrupt us very, very quickly. Hillary Clinton, for god’s sake, she’s a disaster too! The bankruptcy will just be slower, that’s all, if she’s elected. So, I don’t see any prospects for salvation for the U.S. from the present people who are likely to become President of the United States.

Host Jay Taylor asked the world traveler if he knew of any “safe” place where Americans could weather the approaching economic storm. From their exchange:

TAYLOR: Is there any place- you’re in Singapore, I suspect you feel relatively safe there- but is there any place where people might go, people who cherish freedom and the opportunities to use their God-given talents? Is there any place on Earth besides Singapore, or where can we go? Is there any place to go? It used to be the United States. I felt that we were safe here. Is there any place we can go to be safe? I guess the answer is probably there’s no place you can be sure of, right?
ROGERS: Well, there’s no place at the moment that I know of. Even Singapore, as I said before, the port here is the most important port in Asia and if things blow up, everybody needs that port. And Singapore has a lot of Muslim neighbors too that could turn into a problem some day. Where would one go? I think one needs to find an isolated place. I guess maybe some places in South America. Maybe a way to make it through. Some places in Asia. North Korea, I’m very optimistic. North Korea has dramatic changes taking place. It’s where China was in 1981. But if there’s a war, North Korea is probably going to be involved. All of Korea is probably going to be involved too. But you need to find a place Jay that’s not in the mainstream where people don’t really care too much. But even then you have to be careful because you wind end up in a place where the army’s using you as a highway or a transit point. So you have to be careful.

Rogers concluded the interview with this advice to listeners:

I urge people to get knowledgeable from listening to you and other people like you, because the world is facing some very complicated and difficult times. Once you become knowledgeable, you’re going to get very worried, which you should, and then you might get prepared, because not all of us are going to survive what’s coming in the next few years. I hope I survive, I hope everybody listening to this survives. But it’s going to be a very, very damaging and difficult time. So be worried. Be prepared.


“Where is Jim Rogers Investing His Money Now?”
YouTube Video

Jim Rogers’ latest book…

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Survival And Prosperity
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Christopher E. Hill, Editor

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  • Memorial Day 2016
    There will be no new material posted on Offshore Safe Deposit Boxes today in honor of the gallant men and women that served, fought, and died in defense of this amazing country of ours. New posts will appear tomorrow. Enjoy the remainder of this long holiday weekend. Christopher E. Hill Editor
  • New Additions To List Of Offshore Private Vaults
    Here are new entries to that list of offshore private vaults on my website of the same name: • Barcelona Vaults (Barcelona, Spain- opening June 2016) • Fish Brothers (London and its suburb Southall, England) • Montgomery Security Vaults (Lagos, Nigeria) • Panama Vaults (Panama City, Panama) • Safe Independent Co. (Pattaya, Thailand) • SINCONA […]
  • New York City Bank Safe Deposit Boxes Robbed Yet Again
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  • Degussa’s Next Numis Day
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and appraise […]
  • Baoku Treasury, World’s Largest Private, Non-Bank Safe Deposit Box Facility, Opens In Shanghai, China
    Regular readers of this blog know that new private, non-bank safe deposit box facilities keep popping up all over the world. Here’s one that sounds particularly impressive in terms of size, security, and customer “perks.” From the website of China Daily on March 19: As one component of the Guanfu Baoku project, the Baoku Treasury, […]