Nitro-Pak Pre-Memorial Day Sale With Savings Up To 75% Off
One of the advertisers on Survival And Prosperity, Nitro-Pak Preparedness Center, Inc. (reviewed here), the largest mail-order company in the nation specializing in freeze-dried food and emergency preparedness supplies, is having a Pre-Memorial Day Sale. With savings up to 75% off, discounts in their Gear Up Sale! include:
• Mountain House Camping Pouches- 15% off
• Backpacker Pantry Camping Pouches- 25% off
• All Backpacker Pantry #10 Cans- 25% off
• All Water Filters- 15% off
• All First Aid- 10% off
• All Camping Cook Stoves- 10% off
• Camping Lanterns- Up to 75% off
• Solar Power Radios- “Huge Savings!”
• Emergency Garden Seeds- “ALL Garden Seeds on SALE”
• Millennium Energy Bars- 33% off
• Survival 72 Hour Kits- “Lowest Price you will see all year! Save UP-To 30%”
• Mountain House Buckets- “Freeze Dried Entree Buckets on SALE”
No word as to when the Gear Up Sale! will end, so head on over to the Nitro-Pak website as soon as possible.
By clicking on the following banner ad you will be taken to the company’s website where you can find out more information about the sale. Please note that by clicking on this link and purchasing a product(s) on the Nitro-Pak site, I receive a commission from the sale(s).
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Resource Of The Week: King World News- Broadcast
As I’ve mentioned before, I like to listen to a number of financial and personal safety podcasts on a regular basis. Recently, I’ve started listening to a new one.
A couple of years ago, I happened to catch Eric King on the Financial Sense Newshour. I was pretty impressed by what he had to say, and shared the same concern he had of a “strongman” along the lines of Hitler and Stalin coming to power after a U.S. financial crash. I knew King headed up King World News (KWN), and when I finally headed over to his website to listen to one his interviews with the sort of people who correctly-called the U.S. housing bust and Great Recession, I kept coming on back for more.
Enter King World News- Broadcast.
From Wikipedia:
Eric King created King World News (KWN) in 2009 to fill a void he saw in mainstream journalism’s lack of coverage of essential information about financial markets. Each week, King conducts audio-only interviews with important people from business and finance.
In addition, King broadcasts something called the “KWN Weekly Metals Wrap” each Saturday. From the website:
We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my secret weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold and silver market price action.
Looking back to the beginning of May, King has interviewed notable members of the financial/investing community like:
• Art Cashin (most recent)- Director of Floor Operations for UBS Financial Services & CNBC Market Commentator
• William Kaye- Founder, Vice Chairman and Senior Managing Director of the Pacific Alliance Group of Companies
• James Turk- Founder & Chairman of GoldMoney
• Andrew Maguire- Whistleblower & Independent London Metals Trader
• John Hathaway- Senior Managing Director & Portfolio Manager, Tocqueville Funds
• John Embry- Chief Investment Strategist for Sprott Gold & Precious Minerals Fund
• Dr. Paul Craig Roberts- Economist, Co-Founder of Reaganomics
• Jean-Marie Eveillard- Senior Adviser, Portfolio Management for First Eagle Funds
• Dr. Stephen Leeb- Chairman & Chief Investment Officer of Leeb Capital
I, myself, have King’s interview with James Turk uploaded into my mp3 player and ready to be listened to when (if) I have the time this weekend.
Eric manages to extract very insightful material from such well-informed individuals. Perhaps you might find what they have to say valuable too?
The latest King World News- Broadcast can be accessed on the KWN website here.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
(Editor’s note: Link added to “Resources” page)
Chicago Democrat Denounces ‘Extremists’ As Restrictive Concealed-Carry Legislation Stalls In Illinois Senate
Remember that restrictive right to carry legislation that passed out of committee and was supposed to be voted on by the Illinois Senate yesterday? Well, House Bill 183, which would permit may-issue right to carry, giving local law enforcement veto power for permits and home-rule municipalities additional say over where people can carry a firearm in public, never came up for a vote Friday.
Opposition to the Chicago Democrat-sponsored concealed-carry legislation turned out to be significant.
Rafael Guerrero reported on the Chicago Tribune website this morning:
The push to pass a more restrictive concealed carry measure stalled late last week as support began to drop off before a key vote in the Illinois Senate…
“For a day at least, the extremists have prevailed,” said Sen. Kwame Raoul, the South Side Democrat who sponsored the proposal and hoped to call it for a vote in the full Senate on Friday.
For some reason, this Chicago Democrat- like many gun “control” supporters- seems to think the National Rifle Association is synonymous with all Americans who support gun “rights.” There are untold numbers who are pro-2nd Amendment but who don’t belong to the NRA- yet are just as loud as their NRA counterparts in voicing their objections to more restrictions being placed on a Constitutional right.
The state senator continued to rant about “extremists.” Zach Buchheit wrote on the Sun-Times Politics blog yesteday:
“One of the realities that I was keenly aware of when I entered this effort was that there are some extremists,” said Sen. Kwame Raoul (D-Chicago), sponsor of the gun-control measure. “There are some extremists with some very loyal followings, and they use intimidation as part of their advocacy efforts. And sometimes that intimidation is quite effective.”
Or enough Illinoisans simply made it known to their elected state senators that they don’t like his may-issue right to carry legislation. Now there’s a reasonable explanation as to why House Bill 183 has stalled, rather than the big, bad NRA getting its way.
Stay tuned…
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Sources:
Guerrero, Rafael. “Illinois concealed carry bill stalls.” Chicago Tribune. 18 May 2013. (http://www.chicagotribune.com/news/local/ct-met-illinois-legislature-0519-20130518,0,2454696.story) 18 May 2013.
Buchheit, Zach. “Senate concealed-carry push never sees the floor, NRA resistance leaves it short of votes.” Sun-Times Politics. 17 May 2013. (http://blogs.suntimes.com/politics/2013/05/senate_concealed-carry_push_never_sees_the_floor_nra_resistance_leaves_it_short_of_votes.html). 18 May 2013.
Weekend Blogging
Stop back tomorrow as I’ll be blogging a little bit Saturday, May 18.
A new “Resource Of The Week” will be posted as well.
Thanks,
Christopher E. Hill
Editor
CNBC Tries Calling Out Peter Schiff Over Gold Price
Anyone remember those “Peter Schiff Was Right” YouTube.com videos that went viral right after the U.S. housing bubble popped and the global economic crisis really reared its ugly head in the fall of 2008?
Here’s probably the most popular one out there.
Well, I’m convinced a clip or more of Thursday’s installment of the CNBC show Futures Now, hosted by CNBC Reporter Jackie DeAngelis, will be included in a future “Peter Schiff Was Right About Gold” YouTube video. From an exchange between DeAngelis and the CEO and chief global strategist of Euro Pacific Capital:
SCHIFF: You’re talking about investors’ demand for gold going down. I would disagree. Because I own a gold company too, Euro Pacific Precious Metals. And we’ve never had more demand from our clients in the history of my company than we have now. I would say speculators, speculative demand, is what went down. I think a lot of people who came late to the gold rally were speculating in gold. They were simply buying it because the price was rising. They wanted to hop on that train. They use ETFs. They use futures markets. So I think the speculators have been flushed from the market in this pullback. But the investors- they’re still there. Because all of the reasons they’ve been buying gold for the past 10 or 12 years- those reasons have never been stronger. And so investor demand continues. We’ve flushed away the speculative demand. But I think the speculators will come back in the next rally.
DEANGELIS: Alright. Well, Peter, let’s step back for a second because you kind of jumped in there on the conversation we were having and I definitely appreciate your opinion on that. But I want to talk about the gold price that we’re looking at right now. $1,383.60. That is the price that we’re looking at at this point. We’ve had you on the show multiple times before, you said that gold was going to skyrocket, you say it’s going to be a bumpy ride and you can’t tell us exactly how we’re going to get there. But tell me today, Peter, why have you gotten it wrong?
(Editor’s note: Bold added for emphasis)
SCHIFF: I don’t think I have gotten it wrong. You just said I said it would be a bumpy ride. Look, it’s been bumpy, but I’ve been on this ride since gold was under $300 an ounce. It’s not like gold is down from that point. It’s off its highs. But I think what’s going on right now is you’ve got a false narrative out there that the U.S. economy is improving. It’s not. All the data points have been negative. A deluge of negative data came out today. The only evidence of a rebounding economy, is the stock market going up, or the real estate market going up. But that’s not because the economy is sound. That’s because of all the cheap money created by the Fed. That’s the same reason why stock and real estate prices were going up in 2006 or 2007. It is a bubble. The economy, meanwhile, is actually getting worse. And all this talk about the Fed getting ready to take away the punch bowl is all talk. They’re going to spike it even more. They’re going to up the size of QE. But people who are speculating of an early end are getting it wrong. Gold is going through a correction. All bull markets have a correction. It is a buying opportunity.
“Schiff: Gold a Generational Buy”
CNBC Video
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
(Editor’s notes: Info added to “Crash Prophets” page; I am 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 presented herein.)
CBO: ObamaCare’s Gross Costs Over 10 Years May Be Nearly Twice White House’s Original Projections
Universal healthcare. A noble idea- if a nation can afford it.
As for “ObamaCare,” the more time that passes since the Affordable Care Act was enacted on March 23, 2010, the more expensive the projected numbers are getting.
Howard Sheppard reported on the website of Central Pennsylvania FOX affiliate WPMT FOX 43 yesterday:
The gross costs of the national healthcare law rammed through Congress by President Barack Obama will reach an estimated $1.76 trillion over 10 years – nearly twice the amount originally projected. The figure, which the Congressional Budget Office (CBO) revealed on Wednesday, is bound to cause embarrassment to the administration as it comes just as debate on “Obamacare” is starting to heat up again, two weeks before the Supreme Court is set to hear arguments on whether the Affordable Care Act is unconstitutional…
Original White House estimates said the gross cost of the healthcare act would be $940 billion over a decade, but the CBO’s new figures raise that figure to a shade under $1.5 trillion. For the 10 years from 2013-2022 that increases even further to $1.76 trillion.
(Editor’s note: Italics added for emphasis)
Back on March 1, I noted that according to a Government Accountability Office (GAO) report released February 26, ObamaCare will increase the long-term federal deficit by $6.2 trillion.
$6.2 trillion.
Considering the growing instability of the U.S. financial house of cards, one might wonder if the costs associated with universal health coverage won’t be the straw that eventually breaks the camel’s back.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Source:
Sheppard, Howard. “CBO: Obamacare estimated cost nearly double to $1.7 trillion.” FOX Central Pennsylvania. 16 May 2013. (http://fox43.com/2013/05/16/cbo-obamacare-estimated-cost-nearly-double-to-1-7-trillion/#axzz2TYdCQnzp). 16 May 2013.
Solar Flares Could Be Directed At Earth Over The Next Week
On Tuesday, I blogged about the recent surge in strong solar flares popping-up on the Sun. Luckily, those X-class flares were not Earth-directed. If they were, well, things could have gotten ugly on the “third rock from the Sun” if those flares had been accompanied by a coronal mass ejection, or CME. From an August 16, 2011, post:
The real danger comes when a solar storm ejects a chunk of the corona — the sun’s outermost layer — toward the Earth. It hurtles through space as a huge electrically charged cloud with its own magnetic field. Scientists call it a “coronal mass ejection.”
With an Earth-bound CME, magnetic storms here on Earth could cause electric surges that fry electrical systems and hardware.
Lights out.
Well, the Japanese are now warning about the potential for new solar flares to be directed at the Earth in the coming days. From Jay Alabaster on the PCWorld website Thursday morning:
A Japanese government institute has warned that satellite transmissions, GPS readings, and power lines could be affected over the next two weeks if a recent spate of solar flares continues.
Four large solar flares have been detected over the last few days, including one on Tuesday that was the largest of the year. The flares were judged to be “X-class” by NASA and other agencies, the highest in a linear scale based on X-ray measurements.
Japan’s National Institute of Information and Communications Technology, or NICT, said the flares came from a group of sunspots that are pointed away from the Earth, but are due to rotate to face in the Earth’s direction over the next week. NICT said that if more major flares occur during that time, there could be problems for satellites and other equipment.
(Editor’s note: Italics added for emphasis)
Hopefully, no coronal mass ejections will be heading our way along with one of these flares. Or any other time, for that matter.
It’s been estimated that a severe solar storm could cause $1 trillion to $2 trillion in losses the first year, and take 4 to 10 years to fully recover from.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Source:
Alabaster, Jay. “Japan warns solar flares could harm GPS, satellites, power lines.” PCWorld. 16 May 2013. (http://www.pcworld.com/article/2038887/japan-warns-solar-flares-could-harm-gps-satellites-power-lines.html). 17 May 2013.
Illinois Senate Could Vote On Right To Carry Legislation Friday
In Illinois, right to carry legislation emerged today from the state’s Senate Executive Committee, and could be voted on by the entire chamber as early as tomorrow. Lauren Leone-Cross reported on The State Journal-Register (Springfield) website this afternoon:
A Chicago Democrat’s restrictive concealed-carry legislation made it through a Senate committee Thursday, with opponents vowing again to fight its passage.
The measure, which gives local law enforcement veto power for permits and home-rule municipalities additional say over where people can carry a weapon in public, passed the Senate Executive Committee by a party-line 10-4 vote.
Dave McKinney blogged about Illinois House Bill 183 this afternoon on the Chicago Sun-Times website. On the Sun-Times Politics blog, McKinney wrote:
Within Chicago, [State Senator (D-Chicago) Kwame] Raoul’s legislation would require police Supt. Garry McCarthy to sign off on all concealed-carry applicants before they could get permits from the Illinois State Police, setting up what gun-rights advocates fear would be a choke-point that could keep city gun owners from getting licenses…
Raoul’s bill, which could be voted on by the Senate Friday, also would permit Cook County Sheriff Tom Dart and other sheriffs to lodge objections to any concealed-carry applicants that the State Police would have to consider along with 17 other qualifying hurdles.
Among those requirements are the broad standards of whether an applicant demonstrates “good moral character” and whether the issuance of a concealed-carry license to that person is “consistent with public safety.”
Rather than “shall-issue” right to carry, Illinois residents as a whole would be left with “may-issue” right to carry, which some say will result in only a small number of permits being issued- outside of those for family, friends, and campaign donors, according to scuttlebutt. A prominent pro-2nd Amendment group is going so far as to declare the new legislation not even a right to carry bill. Monique Garcia, Rafael Guerrero, and Ray Long reported on the Chicago Tribune website tonight:
Leading the opposition was the National Rifle Association, whose lobbyist delivered a clear message that the bill was so restrictive it could not be properly called a “carry bill.”
“This is a bill to discourage people and prevent people from carrying firearms and exercising their constitutional, fundamental right to keep and bear arms for self-defense in public,” [National Rifle Association's Illinois lobbyist Todd] Vandermyde testified.
Sounds like if this legislation is passed in the Illinois General Assembly and signed by Governor Pat Quinn, it will probably be heading back to the courts. A federal appeals court required Illinois to put a concealed-carry law in place by June 9.
House Bill 183 could come up for a vote in the full Senate tomorrow, Friday, May 17.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Sources:
Leone-Cross, Lauren. “Senate panel OKs restrictive gun bill; full chamber could vote Friday.” The State Journal-Register. 16 May 2013. (http://www.sj-r.com/carousel/x1039442731/Illinois-Senate-committee-to-consider-gun-bill). 16 May 2013.
McKinney, Dave. “Senate panel OKs concealed-carry bill over NRA opposition.” Sun-Times Politics. 16 May 2013. (http://blogs.suntimes.com/politics/2013/05/senate_panel_advances_concealed-carry_bill_over_nra_objections.html). 16 May 2013.
Long, Ray, Guerrero, Rafael, and Garcia, Monique. “Concealed carry rules for Illinois emerge but face uncertain fate.” Chicago Tribune. 16 May. 2013. (http://www.chicagotribune.com/news/local/ct-met-illinois-concealed-carry-0517-20130517,0,1062260,full.story). 16 May 2013.
Anti-Gun Illinois State Senators Could Force Votes This Week On Flawed Right To Carry, Magazine Ban Legislation
In “Madiganistan,” the push for more gun ‘control’ has become a part of everyday life. These days, anti-gun legislators are looking to severely restrict legal concealed-carry that’s coming to Illinois in less than a month, as well as to impose a 10-round limit on CCW firearm ammunition magazines. From the National Rifle Association’s Institute for Legislative Action website yesterday:
Illinois: Senate Skirts Right to Carry Mandate by Contemplating Vote on Severely Flawed Bills This Week
This week in Springfield, anti-gun state Senators will attempt to derail Right to Carry by forcing votes on severely flawed Right to Carry legislation and a bill to ban magazines commonly used in carry firearms. This faulty concealed carry legislation attempts to exempt Chicago and Cook County from any “shall-issue” mandate and allow individual towns to expand the list of places statewide that are off-limits to anyone concealed carrying. If such exemptions are adopted, 40% of Illinois’ population could be denied the ability to carry a concealed firearm for self-defense based on their residency and the confusing patchwork of laws will put ALL gun owners statewide at risk of felony prosecution. Call your state Senator TODAY: Tell him or her that any compromise and vote in favor of this type of legislation to abandon 40% of the Illinois population is a vote against Right to Carry.
Also imminent is a vote on banning magazines commonly used in concealed carry firearms. The bill number is not yet available, but the legislation seeks to impose an arbitrary ten-round limit. Restrictions on magazine capacity only limit the ability of law-abiding gun owners to defend themselves effectively and would ban numerous commonly used standard capacity magazines.
It is imperative that you contact your state Senator NOW and respectfully tell him or her to support “Shall-Issue” Right to Carry without carve-outs and exceptions for municipalities, and to oppose any magazine bans. With Right to Carry in jeopardy, state legislators need to be reminded that “Shall-Issue” carry is the best move for Illinois. In a state with an excessive crime problem, Illinois citizens need to be able to defend themselves against the criminals and gang members who will not obey ANY laws. Our constitutional right to keep and bear arms and inherent right to self-defense protect all Americans, not just some in a particular state, city or county. State legislators have a responsibility to their constituents to NOT choose politics over a perfect chance to make Illinois a safer place for ALL residents.
Contact information for your state Senator can be found here.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Chicago ‘Magnificent Mile’ Robbery Latest In Series Of Criminal Incidents By Young People Downtown
(Editor’s note: According to the Chicago news media tonight, the Chicago Police Department is saying the following robbery story is unfounded. How much is untrue still remains to be seen.)
Here’s a headline that’s sure to make Chicago Mayor Rahm Emanuel cringe today:
“Woman robbed of $200K worth of jewelry on Mag Mile”
From the WGN Chicago Web Desk last night:
A 69-year-old woman was robbed of as much as $200,000 in jewelry, cash and other items by a group of young men in front of a North Michigan Avenue department store this afternoon, authorities said…
The woman… was robbed by a group of at least three and as many and eight young men, law enforcement sources said…
The woman told police the group surrounded her, and demanded her money and jewelry.
John Garcia added on the ABC Chicago website this morning:
It happened around noontime in the middle of a crowded sidewalk…
Authorities say there were as many as ten young men in the group. They reportedly threatened her, but she gave up the valuables and was not hurt.
It is the latest in a series of criminal incidents involving groups of young people on North Michigan Avenue.
In March, police arrested dozens of young men and women who gathered in the area and were allegedly attacking shoppers and police.
(Editor’s note: Italics added for emphasis)
WGN Chicago is reporting that the Chicago Police Department is not classifying Wednesday’s incident as being a “flash mob.” But like I blogged Tuesday:
Still, if I were an urban dweller/visitor in that part of the city, I wouldn’t let my guard down for an instant. They shouldn’t be doing that anyway, especially as the more-established criminal element in the city is probably well-aware of the ongoing manpower shortage in the Chicago Police Department.
As for City Hall? They’re probably wishing May 19 had already arrived.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Sources:
“Woman robbed of $200K worth of jewelry on Mag Mile.” Chicago Tribune. 15 May 2013. (http://wgntv.com/2013/05/15/woman-robbed-of-200k-worth-of-jewelry-on-mag-mile/). 16 May 2013.
Garcia, John. “Woman robbed of jewelry, thousands in cash on Michigan Avenue.” ABC Chicago. 16 May 2013. (http://abclocal.go.com/wls/story?section=news/local&id=9104284). 16 May 2013.
Recent Posts
- Nitro-Pak Pre-Memorial Day Sale With Savings Up To 75% Off
- Resource Of The Week: King World News- Broadcast
- Chicago Democrat Denounces ‘Extremists’ As Restrictive Concealed-Carry Legislation Stalls In Illinois Senate
- Weekend Blogging
- CNBC Tries Calling Out Peter Schiff Over Gold Price
- CBO: ObamaCare’s Gross Costs Over 10 Years May Be Nearly Twice White House’s Original Projections
- Solar Flares Could Be Directed At Earth Over The Next Week
- Illinois Senate Could Vote On Right To Carry Legislation Friday
- Anti-Gun Illinois State Senators Could Force Votes This Week On Flawed Right To Carry, Magazine Ban Legislation
- Chicago ‘Magnificent Mile’ Robbery Latest In Series Of Criminal Incidents By Young People Downtown
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