Archive for December 11th, 2012

On TV: Armageddon Arsenals

It was only a matter of time before a show like this popped up on TV. From a message I received yesterday from Kelly McLear, a producer over at Orion Entertainment:

Armageddon Arsenals to Premiere Dec. 13 on Discovery’s Destination America

Orion Entertainment production goes inside the fascinating world of weapons preppers

Denver, Colorado–Officials from Orion Entertainment have announced that ‘Armageddon Arsenals’ will debut Dec. 13 at 10pm Eastern on Discovery’s Destination America network. The series explores the weapons and security aspects of the massive new prepping movement, focusing on individuals and families across the country who are preparing for a variety of worst case scenarios–many of them more plausible now than ever.

“Once thought of as a fringe movement,” says Orion Entertainment President Chris Dorsey, “millions of Americans now call themselves doomsday preppers and are taking extraordinary measures to plan and prepare for catastrophic events. While some viewers might find weapons caching extreme, by the end of the episode many will be asking what they should be doing to prepare. There is a lot of uncertainty and fear in the country and preppers are a manifestation of the larger national movement toward self-reliance.”

The one-hour pilot features weapons preppers in Texas, Utah, and Colorado who have amassed significant arsenals but who have also created elaborate security strategies to stay safe should the unthinkable happen. As one of the featured preppers warns, “If things get really bad it won’t matter how much food and water you have stored if you can’t protect it.”


‘“Armageddon Arsenals’- Trailer”
YouTube Video

“If things get really bad it won’t matter how much food and water you have stored if you can’t protect it.”

Likewise, you can’t eat or drink bullets when TSHTF.

I’m guessing many preppers would say weapons are important, but so too is food, water, shelter, and other vital “preps.” As to the types and number of weapons? Individual circumstances play an important role in determining what’s “right.”

I have the Destination America channel on my satellite TV- and I happen to like it. I plan on watching Armageddon Arsenals, and it will be interesting to see what kind of “arsenals” the preppers featured on this show have (and if the term “battery” is used even once).

Here’s hoping preppers/modern survivalists aren’t portrayed as a bunch of nutters- for their sake.

Holding my breath.

Armageddon Arsenals. Discovery’s Destination America network. Thursday, December 13, at 10 PM Eastern Time.

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U.S. Exports Plummet Most In Nearly Four Years

One might think U.S. exports falling the most in nearly four years would receive more attention than many mainstream media outlets are giving it this morning.

Then again, this is the America of 2012. Who am I kidding?

From Reuters.com:

The U.S. trade deficit widened in October as exports suffered the biggest drop in nearly four years, indicating slowing global demand was spilling over into the already struggling U.S. economy…

The wider trade gap in October reflected a 3.6 percent fall in exports of goods and services to $180.5 billion. That was the biggest percent drop in exports since January 2009.

Exports have been one of the pillars supporting the economy since the 2007-09 recession ended.

The Reuters piece also mentioned imports are at their lowest level in one-and-a-half years.

I won’t be surprised to see the Pollyannas use the following as a ready-made scapegoat for these crappy export numbers and other poor economic data to come. Lorraine Woellert wrote on Bloomberg.com this morning:

Superstorm Sandy, which closed ports in New Jersey in late October and early November, may have been one reason the shipment of U.S. goods decreased.

This was also mentioned in the Reuters article.

Something (still) tells me 2013 is going to be a tough year for the U.S. economy.

Sources:

“WRAPUP 3-Weak U.S. exports, imports signal tepid economic growth.” Reuters. 11 Dec. 2012. (http://www.reuters.com/article/2012/12/11/usa-economy-idUSL1E8NB25C20121211). 11 Dec. 2012.

Woellert, Lorraine. “Trade Deficit in the U.S. Widens as Exports Slump.” Bloomberg. 11 Dec. 2012. (http://www.bloomberg.com/news/2012-12-11/trade-deficit-in-the-u-s-widens-as-exports-slump.html). 11 Dec. 2012.

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Tuesday, December 11th, 2012 Recession, Recovery, Trade No Comments

Gold Coins See Strong Demand And Sales

A week ago, I blogged about Dennis Gartman of The Gartman Letter-fame and his warning about buying gold coins. Gartman spoke of Main Street “piling into gold” recently.

He wasn’t kidding.

Jack Farchy of the Financial Times (UK) reported on the CNBC website this morning:

Demand for gold coins in the US has soared since the presidential election, as small investors fret about the lack of action to address America’s ballooning debt.

The US Mint’s sales of American Eagles, one of the most popular gold coins, leapt 131 percent in November, hitting their highest level in more than two years. The Royal Canadian Mint also had its strongest month of sales this year.

Gold observers may have noticed “paper gold” really hasn’t reflected such recent demand. However, it’s a different story with the “physical gold” market. From the piece:

“The institutional investors cut back and are more on the sidelines now,” said James Steel, head of precious metals strategy at HSBC in New York. “But the coin market is dominated by retail investors and the man on the street is still pretty committed to gold.”

And dealers are reporting rising demand- and sales- of gold coins. Along with something else. Mark O’Byrne of international bullion dealer GoldCore wrote on the International Business Times website on December 3:

Bullion dealers in the U.S. report an influx of high net worth individuals that are buying gold coins in volume and taking physical possession of their bullion.

(Editor’s note: 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)

Sources:

Farchy, Jack. “Sales of American Eagle Gold Coins Soar.” Financial Times. 11 Dec. 2012. (http://www.cnbc.com/id/100298537). 11 Dec. 2012.

O’Byrne, Mark. “U.S. Eagle Gold Coins Strongest Since 1999 – HNWs Taking Possession.” International Business Times. 3 Dec. 2012. (http://www.ibtimes.com/us-eagle-gold-coins-strongest-1999-hnws-taking-possession-915255). 11 Dec. 2012.

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Peter Schiff: Avoiding ‘Fiscal Cliff’ Will ‘Destroy’ U.S. Dollar

Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital, appeared on the FOX Business TV channel yesterday and talked about a growing crisis in the U.S. bond market and its impact on the U.S. dollar. Schiff, who correctly-predicted the bursting of the U.S. housing bubble and 2008 global economic crisis, warned viewers:

If we avoid the “fiscal cliff,” we end up throwing the dollar over the currency cliff because we send the message to the world that America will never pay its bills. We’re just going to keep borrowing money until our creditors cut us off. And that’s when interest rates skyrocket. And the pressure is on the Fed- because if the Fed caves in to the political pressure to buy up all those bonds that nobody wants, then we destroy the dollar. And that’s an even bigger crisis than if we just let the bond market collapse and let it take the economy with it…


“Bond Market Leading to the ‘Real’ Fiscal Cliff?”
FOX Business Video

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Crime Spike In Chicago’s Gold Coast Neighborhood?

There’s a crime spike going on in Chicago’s posh Gold Coast neighborhood. At least that’s what the FOX Chicago news desk is saying is going on these days. Reporter Joanie Lum wrote on their website this morning:

Another Gold Coast store has been hit by robbers – only this time, they were not so successful.

Ikram Fashion on was hit by crooks on Huron and State, in addition to the recently burgled Jimmy Choo store on the Gold Coast.

Police said thieves used a sledgehammer to try to break into the high-end store, but this time the glass was too thick, and they could not break in.

Ha ha.

According to Lum, four teens are suspected of this crime and targeting stores of the same caliber in the area. She added:

This is the latest incident in a crime spike that has hit the tourist-heavy, ritzy areas like the GOld Coast and the Magnificent Mile.

Last Thursday, two burglars pried open the door of the Jimmy Choo store on Oak Street at 1:45 AM and made off with several handbags, ranging in price from $500 to $1,500 a piece.

Gold Coast. Lots of wealthy urban liberals living down there. Reminds me of an anonymous comment I read in the Chicago police blog Second City Cop way back on May 3, 2011, and which I noted in a post the following day about the mob attacks and wildings going on down there:

I always tell the mutts on the west side to go and rob the liberals. They have all the money and will not put up a fight, I guess they started to listen.

Come on, Rahm. Time to “bite the bullet” and really slash wasteful spending to give the CPD the manpower and tools they need to deal with the increasingly-brazen criminals in the city.

Sources:

Lum, Joanie. “Gold Coast store hit with sledgehammer, thieves unsuccessful.” FOX Chicago. 11 Dec. 2012. (http://www.myfoxchicago.com/story/20313493/thieves-tried-to-break-into-gold-coast-ikram-fashion-with-sledgehammer-unsuccessful). 11 Dec. 2012.

“Wildings Continue.” Second City Cop. 3 May 2011. (http://secondcitycop.blogspot.com/2011/05/wildings-continue.html). 4 May 2011.

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