Happy Thanksgiving

Just wanted to wish the American readers of Survival And Prosperity (this blog has a large foreign audience too) a Happy Thanksgiving.

Thank you for your continued readership and support (that applies to everyone!).

Christopher E. Hill
Editor

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Thursday, November 27th, 2014 Housekeeping No Comments

Jim Rogers: Gold May Drop To Around $1,000 Before Rebounding

According to a report out of Taiwan, well-known investor Jim Rogers suspects the price of gold ($1,199 an ounce as I type this) may be heading lower. The Singapore-based investor was giving a media interview in Beijing recently and shared his outlook- and investing strategy- for the precious metal. From the Want China Times website (English news site of Taiwan-based China Times News Group) yesterday:

Rogers predicted gold may drop to around US$1,000 per once and then rebound to up to US$1,500 per ounce. He will increase his gold assets when the price reaches US$1,000, he said.

(Editor’s note: Bold added for emphasis)

Rogers, who predicted the commodities rally that began in 1999, often talks about gold. Back in November of last year, the chairman of Rogers Holdings and Beeland Interests provided the following in an interview with Burbank, California-based Birch Gold Group (blogged about here):

Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
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.)

Source:

“One reminbi to one US dollar in 25 years: Jim Rogers.” Want China Times. 25 Nov. 2014. (http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20141125000058&cid=1203). 26 Nov. 2014.

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Hacker ‘Guccifer’: Chicago And Unnamed Pennsylvania City To Be Nuked In 2015

According to the infamous hacker known as “Guccifer,” someone’s got Chicago and an unnamed Pennsylvania city in their crosshairs for a nuclear detonation next year. Andrew Higgins reported on The New York Times website on November 21:

The English-speaking prison psychologist, who attended my meeting with the hacker, rolled his eyes as Mr. Lazar started reading his explanatory text in good but heavily accented English. It was a compendium of wild conspiracy theories involving so-called Illuminati, a secret cabal that he believes runs the world. Most of the conspiracies were old hat, like ones relating to the attacks of Sept. 11, 2001, by Al Qaeda. But others, such as an alleged plan to set off a nuclear bomb in Chicago and an unnamed city in Pennsylvania next year, were clearly his own work.

The psychologist said he had heard them all before but nonetheless had no doubt about the state of Mr. Lazar’s mental health. “He is not really crazy at all”…

(Editor’s note: Bold added for emphasis)

That claim about the Pennsylvania city also being targeted is a new development in the story. I blogged back on November 11:

The recently-apprehended hacker known as “Guccifer” (Marcel-Lehel Lazar, an unemployed 43-year-old Romanian) is in the news today for something he told The New York Times while meeting with them. Andrew Higgins reported on the Times website yesterday:

Before agreeing to answer questions from The New York Times in prison, where he shares a cell with four others, including two convicted murderers, he read out a lengthy handwritten statement that he said explained the purpose of his hacking.

A potpourri of conspiracy theories about the terrorist attacks of Sept. 11, 2001, the 1997 death of Princess Diana and alleged plans for a nuclear attack in Chicago in 2015, it said: “This world is run by a group of conspirators called the Council of Illuminati, very rich people, noble families, bankers and industrialists from the 19th and 20th century.”

(Editor’s note: Bold added for emphasis)

Guccifer is reported to have accessed the private e-mails of numerous top military, political, and intelligence leaders around the world- including e-mails of former U.S. President George W. Bush’s family.

So is the Romanian hacker just trying to save his skin somehow with such claims, or did he really uncover such a plot to nuke Chicago and the Pennsylvania city while engaged in criminal activity?

Hopefully, Higgins is able to get more info out of Guccifer going forward- if there’s anything to get.

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

Source:

Higgins, Andrew. “The Man Behind the Hacking: Talking to Guccifer.” The New York Times. 21 Nov. 2014. (http://www.nytimes.com/times-insider/2014/11/21/the-man-behind-the-hacking-talking-to-guccifer/?_r=0). 26 Nov. 2014.

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Holiday Blogging Schedule

Even though I’m still doing quite a bit of catch-up on the blog these days, we’ve almost arrived at Thanksgiving.

Except for a holiday greeting, no new material will be posted on Thursday, November 27.

However, I will be blogging on Friday, November 28, with my regular schedule for writing kicking back in again on Sunday, November 30.

Thanks for your continued readership and support of Survival And Prosperity!

Christopher E. Hill
Editor

Wednesday, November 26th, 2014 Housekeeping No Comments

Disaster Retreat: A ‘Prepped Community’ In Central Virginia

Back on November 13, I blogged about how the 5,000-person Vivos Survival Shelter & Resort that was to be constructed in an existing below-ground complex just outside of Atchison, Kansas, had been cancelled. I wrote:

Too bad the project didn’t pan out. I’ll have to check around and see if a similar affordable private underground shelter isn’t in the works someplace else in the United States.

Well, I did check around, and wasn’t able to find another private underground survival shelter of that size in the works. However, I did stumble on a related project out in central Virginia the other day that caught my attention.

Enter Disaster Retreat. From the website’s FAQ page:

WHAT IS DISASTER RETREAT?

Disaster Retreat is a 160+ acre former private hunting reserve. Now offered as a rural retreat in times of crisis.

Disaster Retreat is a “Prepped Community”. We do the upkeep and tenants have the security of knowing they have a place prepared. Tenants also have greater privacy by not attaching their own names to any government documents.

Disaster Retreat is NOT a vacation home, rather it is an active insurance against disaster. Tenants pay a monthly fee and to lease space and have supplies “Prepped” for the tenants arrival.

A place that will actually PROTECT your Family! An investment that will provide shelter and security for your family, even in the most tumultuous of times.

WHAT DOES DISASTER RETREAT OFFER?

Disaster Retreat offers leases on 1/4 acre and up parcels of land. The tenants are highly encouraged to install their own private underground bunkers. As part of the lease, Disaster Retreat provides all emergency food and water supplies for the tenants.

Our onsite caretaker will rotate these supplies for each individual tenant and ensure all bunkers are in good working order. The objective is to have everything ready at all times.

FOOD AND SHELTER: Sleep well knowing, that no matter what the emergency, you have a home consisting of your private shelter waiting for you and ready. Meals for you and your family can be included in your lease and the stock can be monitored and refreshed, as needed, by our staff.

WATER AND POWER: If you choose Off-the-Grid water and power, you are guaranteed that you and your loved ones will always have the things they need. Our staff will also rotate and refresh your unit’s internal water storage, as needed.

SAFETY AND SECURITY: Disaster Retreat provides you the opportunity to “Bug Out” and retreat to a safe location, complete with your own personal space and all of the necessities of modern living. As we all hope for the best, YOU will be prepared for the worst… from Natural Disasters, Man-Made Acts of Aggression to Nuclear War.

You Can Now Own an Underground Bunker, the Zenith of Emergency Preparedness!

Here is the land, now is the time! Disaster Retreat is giving you the ability to lease your own wooded acreage, with the explicit permission to install your very own Underground Bunker or Fallout Shelter, without you having to take care of it all! Who has the time for that, as time is money. Best of all it is only a short trip from your home now!

We have even negotiated special pricing on behalf of our tenants, with Ultimate Bunker, a premier bunker manufacturer, specializing in family and luxury bunkers…


“Disaster Retreat, Your Prepper Community.”
YouTube Video

There’s quite a bit more information about the “crisis retreat” on that FAQ page, including:

HOW DO I GET TO DISASTER RETREAT?

Disaster Retreat is within driving distance of Northern VA, Washington DC and Raleigh NC. We also offer a private landing strip and Helipad.

WHAT DOES IT COST?

Our pricing is very simple. It starts at $997 per 1⁄4 acre for standard-sized lots. However, the member can chose premium lots or multiple lots in order to meet their individual needs…

WHAT IS INCLUDED WITH A LEASE?

All of the specifics are spelled out in our lease agreement but the basics are the following:

– A 10 year lease to place an underground bunker.
– Maintenance of lease area so that it is ready for you 24/7.
– As much or as little support as you want setting up at the beginning.
– $400 worth of shelf-life food for your initial food stock.
– Year round running streams.
– Confidentiality.
– Pre-event security.
– Private emergency grass landing strip and helipad.
– Shelter maintenance per manufacturer’s recommendations if desired.
– Many other services can be added to the lease agreement to meet individual desires.

Sounds promising. I wonder if someone would build anything like that out in my neck of the woods (Chicagoland)?

For more information, visit the Disaster Retreat website here.

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

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Largest Sunspot In 24 Years Pointed At Earth

There’s the potential for severe space weather directed at Earth in the coming days. Calla Cofield reported on the Space.com website this morning:

The largest sunspot to appear on Earth’s nearest star in more than two decades is once again pointed at the planet, and it will likely kick-start solar storms, NASA scientists say.

The massive sunspot, previously known as Active Region 12192, was turned toward Earth in October and early November, but rotated out of view. While it was on the Earth-facing side of the sun, the sunspot did not produce any coronal mass ejections — hot bursts of material ejected into space at 4 million mph (6.4 million km/h) — which have the potential to damage satellites and power grids. Now the active region has rotated back around to face Earth again, and although the sunspot has shrunk in size, it will likely be disruptive, NASA scientist Holly Gilbert told Space.com during a video interview about the massive sunspot…

(Editor’s note: Bold added for emphasis)

I watched that video interview with Dr. Gilbert about AR 122090 (formerly AR 12192). From the exchange between Gilbert and Cofield:

COFIELD: So why should we pay attention to sunspots?
GILBERT: Sunspots are the regions where space weather is born. Basically, where solar flares originate and these storms called coronal mass ejections, where tons of billions of material is being blown- sometimes towards the Earth- at over 4 million miles an hour. This can affect satellites, our technology. It can cause power grid outages…
COFIELD: Are you able to predict what are the odds of this sunspot having a major solar ejection or coronal mass ejection?
GILBERT: We’re not at the point at predicting when it will happen, but we have a good idea based on the structure of that magnetic field at the sunspot that it’s very possible that it will create some midlevel flares right now. When it was on the side of the Sun facing us a few weeks ago before it rotated around, it actually led to six massive solar flares and multiple smaller flares. So we know that based on the size and the complexity of the magnetic field that there’s potential for these flares to occur.

The chief of the Solar Physics Laboratory at NASA’s Goddard Space Flight Center added:

The coronal mass ejections did not occur along with those large solar flares. This time around, it’s more likely to have some coronal mass ejections associated with it even though the flares themselves might be smaller.

(Editor’s note: Bold added for emphasis)


“Massive Sunspot Returns- What’s the Solar Forecast?”
Space.com Video

Back on July 23, the NASA Science News website discussed the potential damage from a coronal mass ejection as strong as the infamous Carrington Event of 1859. From the article:

A similar storm today could have a catastrophic effect. According to a study by the National Academy of Sciences, the total economic impact could exceed $2 trillion or 20 times greater than the costs of a Hurricane Katrina. Multi-ton transformers damaged by such a storm might take years to repair

(Editor’s note: Bold added for emphasis)

No mention of what that could mean for human life in the affected region of the planet…

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

Sources:

Cofield, Calla. “Monster Sunspot May Unleash Powerful Solar Flares (Video).” Space.com. 25 Nov. 2014. (http://www.space.com/27834-monster-sunspot-solar-flares-video.html). 25 Nov. 2014.

Phillips, Tony. “Near Miss: The Solar Superstorm of July 2012” NASA Science News. 23 July 2014. (http://science.nasa.gov/science-news/science-at-nasa/2014/23jul_superstorm/). 25 July 2014.

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Jim Rogers Details Russian Investments, Shares Outlook For Developed Economies

While searching for the latest activity from the “crash prophets” this morning I came across an insightful piece on well-known investor, author, and financial commentator Jim Rogers on FT Alphaville. Izabella Kaminska reported on the Financial Times (UK) daily news and commentary blog today:

Rogers’ Russian investments now include stakes in fertiliser maker Phosagro, airliner Aeroflot, a Russia ETF and the Russian stock exchange, but he said was looking to expand into different sectors as well…

Rogers’ bullish view on Russia contrasts significantly with his outlook for Europe, Japan and the United States. Regarding Japan, Rogers proposed that Prime Minister Shinzo Abe was doing “terrible things” to Japan and advised young Japanese to leave the country as soon as they possibly could to avoid losses. However, in the short-term, he believed there were also opportunities in the stock market as a result of the extraordinary central bank action.

Regarding the Eurozone, Rogers said he didn’t own any euros, nor did he want to because he would rather buy Russia.

As ever, his outlook for developed economies remained bleak on the basis that central banks had debased the currency and that government statistics were lying about the true state of inflation in the land…

(Editor’s note: Bold added for emphasis)

It should come as no surprise to regular readers of Survival And Prosperity that the former investing partner of George Soros has been investing in Russia (blogged about in May here).

Rogers shared with the Financial Times his reasons for selecting the above Russian investments. Good stuff by Kaminska and FT Alphaville, which you can read in its entirety here.

By Christopher E. Hill
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.)

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Chicago-Area Survival Medics Class In January

Another day, another survival-related training opportunity for Chicago-area blog readers. From the Live Free, USA website:

SURVIVAL MEDICS CLASS
Conducted by Live Free, USA – Instructor James C. Jones.

Jim Jones is a Certified Hazard Control Manager. Emergency Medical Technician and retired Safety and Security Manager for a fortune 200 corporation. He has spent over 40-years teaching survival skills and advocating family preparedness and self-sufficiency.

Jim is the founder of Live Free USA, an organization dedicated to the support of preparedness, self-reliance through public education and group support. He writes articles for several national publications and conducted frequent training programs on a wide range of preparedness, survival and self-reliance related topics.

This 16 hour course for medical professionals & novices alike has been divided into four sessions. Each class will run from noon to 4:00 Pm on the following Sunday’s. January 11th and 25th, and February 8th and 15th.

The Cabela’s Conference Center in Hammond has been reserved for all four Sunday’s. You will find the meeting room upstairs adjacent to the Black Oak Grill dining area.

To receive a certificate you must attend all four classes. The course separates the lecture classes from the hands-on sessions. Home practice materials will be distributed at the lecture classes so that you are ready for the hands-on practice.

Cost for all four classes is: $50.00 per person ($40 for Live Free USA members)

Registration and payments must be received no later than December 10, 2014. Space is limited. Early registration is recommended…

The 16 hour course will include the following topics.

SUNDAY January 11th:
PowerPoint and Lecture: Trauma diagnosis and management. Scene survey and safety, Blood born pathogen protection, Soft tissue injuries, wound care, bleeding control, musculoskeletal injuries. Burns, Shock management. Splinting, eye injuries, head injuries, abdominal and thoracic injures, gunshot wounds. Quiz. Distribution of home practice materials for suturing.

SUNDAY January 25th:
Hands-on Skills Practice: Unconscious Patient evaluation and survey, tourniquet application, splinting, bandaging, patent packaging, wound care and suturing

SUNDAY February 8th:
PowerPoint and Lecture: Medical emergencies recognition and management. Heart attack, stroke, poisoning, hypothermia, hyperthermia, anaphylaxis. Quiz.

SUNDAY February 15th:
Hands-on Practice: Conscious Patent evaluation, vital signs (blood pressure, pulse, etc.) CPR, IV administration (optional). Suturing final practice, Certificates issued. The participants may plan for further practice sessions and/or scenario drill in the months to come.

Looks pretty comprehensive (16 hours of training). And affordable too (cost for all four classes only $50). Not to mention it’s also at Cabela’s.

For more information, visit the Live Free, USA website here. Keep in mind that December 10 registration/payment deadline!

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

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Tuesday, November 25th, 2014 Emergencies, Health, Medicine, Preparedness, Training No Comments

Guns, Ammo Being Removed From St. Louis-Area Gun Shops By Order Of Police?

“A grand jury has reached a decision on whether to indict Darren Wilson, the white Ferguson, Mo., police officer whose fatal shooting of an unarmed black teenager sparked days of turbulent protests, sources close to the process said.

Missouri Gov. Jay Nixon (D) and the county prosecutor’s office are expected to hold news conferences later Monday, and prosecutors have notified the family of Michael Brown — the teen who Wilson killed — that the grand jury’s decision will be announced Monday night, family attorney Benjamin Crump said…”

-The Washington Post website, November 24, 2014

Last night I told my girlfriend that Monday would probably be the day for the announcement of the grand jury’s decision on the Michael Brown shooting (wasn’t going to happen on a weekend- “party time”- or too close to Thanksgiving because of the potential economic impact any violence could have). And by the looks of it, it will be coming Monday night.

There’s no shortage of people predicting Ferguson-related protests are bound to descend into rioting and looting if Officer Wilson isn’t indicted. We’ll find out if they’re correct in a matter of hours, I’m guessing.

I know one thing though. If I resided in an area that could be affected by civil unrest stemming from an announcement of no indictment, I would have prepared for this possibility some time ago as much I possibly could have (I understand financial/time constraints often get the best of us).

Paranoia? Hardly. All I’d be doing is taking responsibility for the safety of loved ones and myself in advance of a potentially-volatile situation where life, limb, and property could be threatened.

Now, I recently blogged about firearm sales being brisk around St. Louis. For those area residents still looking to purchase a gun and/or ammunition- I understand you might be out of luck at this point. From Valerie Beaumont over at the Addicting Info website Saturday:

A St. Louis area gun shop refused a sale to an African-American woman because, according to the clerk, St. Louis police informed gun stores that Darren Wilson will not be charged. To be clear, this was not an instance of racism (not in the traditional sense, anyway) — the shop was just in the process of removing all guns and ammunition from the premises, allegedly on the order of police.

“Did you notice the tractor trailer back there to our loading dock?” the man asked the woman, who responded with an affirmative. “All the guns are already packed in, and we’re taking all the pawns out of here too, just to protect our customers’ merchandise.”

“They’ve been saying that they’re gonna target gun stores and pawn shops,” the clerk told the woman. “This came from law enforcement; it’s what they told us. They sent out memos and everything.”

(Editor’s note: Bold added for emphasis)

At this point in the game, for those Survival And Prosperity readers in the crosshairs of potential civil strife related to Ferguson, I pray for your safety. Hopefully, peaceful protests rule the day (and night).

You can read Beaumont’s entire piece here.

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

(UPDATE: I just got done watching a couple hours of streaming video of Ferguson this Monday night courtesy of Bassem Masri on Ustream and Infowars. The situation there steadily eroded after the “no indictment” announcement, and what I saw unfold was much worse than what the mainstream media is reporting at this time. Burning vehicles (I counted three), looted businesses (liquor store, hairdressers, mobile communications store), torched buildings (Sam’s Meat Market- which was defended by armed individuals back in August, a storage facility office, another business that wasn’t identified), multiple gunshots (firefighters had to pull back from Sam’s because they were being fired at), and much more insanity. I was even forced to stop watching Masri’s Ustream feed (approximately 90,000 viewers at one point) because his phone was ripped from his hand and stolen during the chaos. Just plain crazy. And according to the Infowars guys (Jakari Jackson and Josh Owens), it’s been said the second day of the 1992 Los Angeles riots was the worst. Great.)

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Chicago-Area Urban Survival/Bug-Out Classes In December

Any Chicago-area readers looking to learn urban survival/bug-out skills in the coming month? Back in the spring I mentioned the C.U.M.A. Survival School in a post about Chicago Reader contributor Connie Vaughn taking such training from the outfit. I blogged:

I’ve come across the C.U.M.A. Survival School website before while researching Chicago-area prepper/survival training, and I’ve made a note to blog about it down the road.

This morning seemed like an appropriate time to talk about the school again as they’re offering survival training in December. From the C.U.M.A. website:

The C.U.M.A. Survival School specializes in no-nonsense training for everyone who is interested in Combatives, Self Defense, Urban Survival or venturing into the great outdoors. It does not matter if you are 45 year old civilian “novice” or a seasoned combat/law enforcement veteran; our goal is to provide quality instruction to anyone who is interested leaning valuable skill sets that can potentially save someone’s life…

The C.U.M.A. Survival School was founded by world re-known martial artist, CQC trainer, Book/DVD author, magazine writer and knife designer “SIJO” Waysun Johnny Tsai…

I e-mailed Waysun Johnny Tsai recently about upcoming survival-related classes they might be offering. From his reply last Thursday:

The Next one day 7 hour C.U.M.A. Urban Survival / BUG OUT classes are on Saturday, Dec 13th, 2014 and Sunday, Dec 20th, 2014.

The hours are 10:00 AM to 5:00 PM on either day.

Subject matter will include:

HOME PREPARATION AND BUGGING IN / SURVIVAL GEAR REVIEW (2 Hour Lecture/Near Schaumburg, ILLINOIS).

THE BUG OUT : Basic Winter Wilderness Survival at the BUSSE WOODS (Near Schaumburg, ILLINOIS / 3 Hours)

C.U.M.A. COMBATIVES: SURVIVING THE FIGHT (2 hours/ NEAR Schaumburg, ILLINOIS)

The cost for one day training is $150 per person …


“CBS CHANNEL 2 News on Urban Disaster Survival & Preparedness With The C.U.M.A. SURVIVAL SCHOOL”
YouTube Video

The class sounds real promising. Expert, hands-on urban survival training is hard to come by around these parts for some strange reason (or maybe not, as faith in the “Nanny State” among local residents remains foolishly strong). Busse Woods is a terrific venue (I used to fish there all the time when I was a kid). And I like that part of the instruction is dedicated to wilderness survival in the winter, which can get incredibly-brutal here in the Midwest.

This “keyboard commando” is certainly interested in enrolling some day.

Interested in the Urban Survival/Bug Out course or C.U.M.A. Survival School in general? You can visit the school’s website here for more information.

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

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Quote For The Week

“We have forgotten God. We have forgotten the gracious hand which preserved us in peace and multiplied and enriched and strengthened us, and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us.”

-1863 Thanksgiving Proclamation, Abraham Lincoln (16th U.S. President. 1809-1865)

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

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Sunday, November 23rd, 2014 Quote For The Week, Religion No Comments

Peter Schiff: Gold Will ‘Take A Rocket Ship Back Up’ And Eclipse $5,000

Kitco News anchor Daniela Cambone got the chance to speak to Euro Pacific Capital CEO Peter Schiff on November 18. The “crash prophet” who correctly-predicted the U.S. housing bust and 2008 global economic crisis was at the Grand Cayman Liberty Forum, and here’s what the long-time gold bull had to say about the precious metal. From their exchange:

CAMBONE: So let’s tie this back into gold now. What’s your outlook for the metal? I know you’ve been bullish on the metal. Do you continue to be?
SCHIFF: Yes. I’m bullish. You know, it’s hard to call the short term obviously and people now are trying to say, “Oh Peter, you know, you were saying gold was going to go to $5,000.” It’s going to go to $5,000. And in fact, I looked at some of my CNBC interviews and I was predicting $5,000 when gold was $500. So, it’s not like I just started doing it when it was at $900. Right? I’ve had that target on my mind for some time. And I think we’re going to eclipse it. And I think when this decline is over-and it’s been 2 or 3 years since gold hit its high around $1,900- I think it’s going to rise faster than before. Normally markets go down- they take the stairs up and the elevator down. Well I think that gold is going to take a rocket ship back up, because I think when all the people who have been shorting gold and selling gold realize that they’ve got it wrong, and they want to buy it back- it’s just not there. Because I think the real gold- all the gold that was dumped out of ETFs- I think it’s sitting in vaults in Russia and China, and it’s never going to see the light of day again. So when the buyers want it back, it’s not going to be there…

Schiff proclaimed later:

This is the best fundamental environment I’ve ever seen for gold. And also, I do believe that the dollar’s days as the world’s reserve currency are numbered, and when the dollar is no longer accepted as the reserve currency, what’s going to take its place? It’s not going to be the euro. It’s not going to be the yen. I think it’s going to be gold. I think the world is going to go back to gold…


“Gold Will Take Rocket Ship Back Up – Peter Schiff | Kitco News”
Gold discussion starts at 3:44
YouTube Video

By Christopher E. Hill
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.)

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Jeremy Grantham: Fed Will Engineer Another Stock Bubble, Crash

Today I spent my lunch reading the latest quarterly letter from British-born investment strategist Jeremy Grantham. Last time around, the founder and former chairman of Grantham, Mayo, Van Otterloo & Co. (GMO)- which oversees $120 billion in client assets as of September 30- was predicting a bubble in the U.S. stock market. From “Summer Essays”:

My recent forecast of a fully-fledged bubble, our definition of which requires at least 2250 on the S&P, remains in effect.

As the S&P 500 sits at 2,051 as I type this (199 points below that bubble benchmark), Grantham- whose individual clients have included current Secretary of State John Kerry and former Vice President Dick Cheney- still thinks U.S. equities are headed for bubble territory- before crashing. From his aptly-named “Bubble Watch Update”:

I am still a believer that the Fed will engineer a fully-fledged bubble (S&P 500 over 2250) before a very serious decline…

(Editor’s note: Bold added for emphasis)

For those looking to put their money to work, Grantham lamented:

It is a particularly tough process today with nowhere to hide and no very good investments compared to, say, the time around the 2000 bubble when there were several…

Nevertheless, he offered:

An example of a portfolio that might be used in a world that excludes private equity and venture capital, and for a client who can do without a benchmark and can settle for owning a (hopefully) sensible long-term efficient portfolio. Efficient, that is, in terms of trying to minimize risk per unit of estimated returns…

This example portfolio was comprised of Equities (39%), Fixed Income (30%), Cash/Cash Plus (17%), and Alternative Strategies (14%).

Grantham concluded the essay with more talk about that U.S. stock bubble and crash. He penned:

My personal fond hope and expectation is still for a market that runs deep into bubble territory (which starts, as mentioned earlier, at 2250 on the S&P 500 on our data) before crashing as it always does. Hopefully by then, but depending on what the rest of the world’s equities do, our holdings of global equities will be down to 20% or less. Usually the bubble excitement – which seems inevitably to be led by U.S. markets – starts about now, entering the sweet spot of the Presidential Cycle’s year three, but occasionally, as you have probably discovered the hard way already, history can be a snare and not a help.

(Editor’s note: Bold added for emphasis)

Jeremy Grantham’s made some great investment calls (hence Cheney and Kerry being clients), so his prediction about U.S. stocks having quite a bit more room to run shouldn’t be so easily dismissed.

You can read the entire quarterly letter (.pdf file) on the GMO website here.

By Christopher E. Hill
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.)

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CHIEF Supply, Pyramid Air 10% Off Sales

Just wanted to let Survival And Prosperity readers know about the following sales going on over at affiliate marketing partners CHIEF Supply (reviewed here) and Pyramid Air (reviewed here). From an e-mail I received from Charlotte, North Carolina-based CHIEF Supply:

Ends Today
10% OFF Select Brands

With promo code OFF10NOW
*Enter promo code in cart. Additional discount codes excluded. Offer expires Thursday, November 20th at 11:59 EST

Looking at the CHIEF website, it looks like those select brands include Blackinton, Damascus, Orion, Shelby, and Smith & Warren.

Click on the banner ad below to check out the one-day event. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale. And don’t forget to enter that promo code if you buy anything!


Chief Supply Corp.

As for Pyramid Air, the Warrensville Heights, Ohio-based company’s e-mail said:

Sitewide Holidaze
FREE Shipping (on US orders $150+) +10% off (Some items excluded)
AND 2x Bullseye Bucks (Must have a Pyramid Air Account)

Enter code EarlyBF-14 at checkout
Deals expire Nov. 27, 2014 at Midnight EST

What exactly are Bullseye Bucks? From their website:

For each item you purchase, you will receive Bullseye Bucks. Each Bullseye Buck you redeem is equal to one penny (US $0.01). For instance, if you have 1500 Bullseye Bucks that you can redeem, that would be equal to US$15.00 you can subtract from the total of that purchase.

Click on the banner ad below to check out what Pyramid Air is offering. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale. And don’t forget to enter that promo code if you buy anything!


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

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U.S. To Become Argentina After Financial Crash?

Of all the various threats to America today, there’s one that seems more likely to occur than the others and which I’m most concerned about.

So much so I decided to start blogging about it back on Memorial Day Weekend in 2007 as creator/editor of Boom2Bust.com, “The Most Hated Blog On Wall Street”:

A U.S. financial crash.

And seven years on and trillions of dollars later spent trying to “kick the can down the road,” I feel it’s pretty much inevitable at this point.

Cheery thought, I know. But at least it’s not the end of the world.

Actually, I think we started on that journey even before the 2008 global economic crisis and “Great Recession” reared its ugly head and was eventually “papered-up” by Washington and the Federal Reserve.

So the U.S. economy won’t be doing a high-speed nose-dive into the ground. Rather, it’s embarked on a slow, gradual descent where the end result will be the same- a pile of smoldering wreckage.

If there’s a recent example in the world the United States might end up emulating, I suspect its Argentina, who suffered a financial collapse at the end of 2001 and which still is tormented by their crash.

Enter Fernando “FerFAL” Aguirre, who regular readers of this blog might remember me mentioning before. I first brought up FerFAL on Survival And Prosperity within days of launching the blog. I wrote on December 1, 2010:

Last week I mentioned that I follow a couple of blogs on a regular basis. Surviving In Argentina is one of those and is authored by an Argentine named Fernando “FerFAL” Aguirre who, like Orlov, has first-hand experience of what a financial collapse looks like. In his blog, Aguirre (who has lived in the U.S.) talks about how he and his young family survived the economic crisis in Argentina and how they’re coping now. It’s a rich source of information for surviving tough times, so much so FerFAL went ahead and wrote The Modern Survival Manual: Surviving the Economic Collapse in 2009.

Aguirre recently came out with two videos on YouTube.com in which he draws on his experiences in Argentina (he resides in the United Kingdom these days) to share with viewers what life was like after the vibrant Argentine economy collapsed last decade:


“Life after an Economic Collapse: The same… only Worse Part I”
YouTube Video


“Life after an Economic Collapse: The same… only Worse Part II”
YouTube Video

I understand FerFAL plans on releasing a third video to complete the series. In the meantime, I highly-recommend watching the first two to get an idea what life might be like if (when?) the United States suffers a similar fate as that South American country. Pretty sobering stuff if you ask me.

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

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