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Jim Rogers: Signs Of Next Economic Crisis ‘Already Happening’

The next two days I’ll be focusing on two “crash prophets” who correctly-called the 2008 global economic crisis and who see more carnage on the way. First up is the widely-followed investor, author, and financial commentator Jim Rogers, who appeared on the RT TV show SophieCo earlier today. From his exchange with host Sophie Shevardnadze (RT transcript):

SHEVARDNADZE: You’ve been talking about this impending recession for a while now, ready to strike the U.S., for instance, but, you know, we see American economy picking up, the unemployment rate is going down, so- why does it keep postponing itself?
ROGERS: Wait, wait. First of all, you are listening to government figures. You remember the Soviet Union, the government had a lot of numbers, they were very good. The U.S. now puts out a lot of figures that are not legitimate, accurate figures. Look at unemployment, what do they do? For instance, they just stopped counting many people, said they’re not looking for a job anymore – so the numbers are artificial in the U.S. Yes, some parts of the U.S. economy are doing very well. If you’re on Wall St. or if you’re in finance, you’re doing fine, because the government has been printing a lot of money and a lot of debt has been put out. But you go to Texas, go to the MidWest- they’re not doing well at all. Most of the country is not doing well.
SHEVARDNADZE: Alright, but give me something concrete- when do we have to expect this crisis to hit and what’s going to cause that meltdown?
ROGERS: Sophie, for the last 18 months in the U.S., most stocks have been going down. The average is a fraud, because of the few big companies that make the average go up and that’s because the government, the Fed Reserve, Central Bank is printing a lot of money. Stocks are going down in the U.S., most stock are down. So, the signs are already there. Now, unfortunately, they’re not visible, they don’t make headlines, so it’s already happening. Parts of the country are in recession, stock market, most stocks are going down – it’s already happening

(Editor’s note: Bold added for emphasis)

Back on March 28, I noted Rogers had warned on the Nikkei Asian Review (Japan) website eight days earlier:

I expect the American economy to be in recession sometime in the next year or two…

(Editor’s note: Bold added for emphasis)

And earlier that month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

Shevarnadze did a good job extracting some investment nuggets from the former investing partner of George Soros. Rogers still thinks there will be a better chance to buy gold “sometime in the next year or two,” and added later in the discussion:

If the dollar goes up, gold may go down. But, if it goes down, I hope to buy a lot more gold, because eventually gold is going to go through the roof. As this turmoil increases and people lose more and more confidence in governments, more and more confidence in paper money, they’re going to look for something, and gold and silver will be a couple of those places. If you’re looking for something right now- agriculture

I have sold short the U.S. stocks and I have sold junk bonds, low-grade bonds, in the U.S., I own shares in China, I have shares in Russia, I bought Russian government bonds, several days ago. These are places that I am looking at, I am looking at Kazakhstan as a place to invest, Iran I’m looking at, Nigeria I am looking at

(Editor’s note: Bold added for emphasis)

Kazakhstan and Nigeria are two markets not often mentioned by Rogers. A terrific interview, which you can read in its entirety over on the RT website here.

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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Project Prepper, Part 45: Top 3 Threat Priorities

“As a result of my research and this blog, I’m now aware of the myriad of man-made and naturally-occurring threats to my life and lifestyle (and those of my loved ones), and think it’s probably wise to acquaint myself more with ‘prepping’ via a sustained ‘hands-on’ program of learning and doing, which I’ll call ‘Project Prepper.’

Through a series of posts on this blog which I suspect should last for quite some time (years?), I’ll be able to share my preparedness experiences with you…”

Survival And Prosperity, “Project Prepper, Part 1: It Begins,” October 24, 2012

This week’s “Project Prepper” post is going to be a little different. While I’m currently working on a number of projects related to fulfilling seven “innate survival needs” (hat tip Jack Spirko @ The Survival Podcast):

1. Physical Security
2. Financial Security
3. Water
4. Food
5. Sanitation and Health
6. Energy
7. Shelter

Today I’m going to talk about threat priorities. As a forty-something homeowner residing with my girlfriend in the suburbs of Chicago, Illinois, in 2016, “I’m now aware of the myriad of man-made and naturally-occurring threats to my life and lifestyle (and those of my loved ones).” Regular readers of Survival And Prosperity know I blog about them frequently. But from my vantage point, here are the “top 3” I’m mostly concerned about:

1. Severe Weather
2. Financial Crisis
3. Terrorism

Concerning severe weather, here in the Chicagoland area residents have to contend with spring and summer storms that can consist of high winds, torrential rain, flooding, and tornadoes. Winter can bring along with it ice storms (not too often), significant snowfall/blizzards, and brutally-cold temperatures. Consequently, structural damage, utility outages, hazardous travel conditions, and other threats to life and property accompany such events.

Case in point, prior to my girlfriend and I moving into our house in 2013, a large part of the Chicago metro area suffered significant damage from a “derecho” (widespread, long-lived wind storm) event that left many area homeowners without electricity for several days. A real nuisance for most of those affected, but potentially deadly to those with serious health issues- like my elderly father. And in case readers think I’m talking about those far-off “suburbs” of Chicago here (I remember one real estate agent referring to Rochelle- approximately 80 miles west of Chicago- as a “western suburb” during the housing boom last decade), these extended outages were taking place in near “North Shore” enclaves. I remember watching one furious Northbrook homeowner being interviewed on the local televised news, saying how he had been without power for a number of days and couldn’t understand why it hadn’t been restored yet considering the high taxes he paid to live in such a nice area. Anyway, severe weather tops the list for me. Not as “sexy”- as some would say- as preparing for the “Zombie apocalypse,” but oh well.

Financial crisis. Regular readers of Survival And Prosperity and its predecessor know I’ve been on the lookout for coming “tough times” for some years now. From this blog’s “About” page:

Back in 2004 when SP’s creator/editor Christopher Hill was surveying the economic and investment landscape in support of his own investing activities, he concluded from his own research that the United States was heading towards a financial crash. Deciding that this was something other Americans might want to know about, Mr. Hill launched the independent financial blog Boom2Bust.com, “The Most Hated Blog on Wall Street,” on Memorial Day Weekend 2007 with the purpose of warning and educating others about the approaching U.S. economic crash. He has been credited with calling last decade’s housing bubble and subsequent bust, the 2008 global economic crisis, and the “Great Recession” as a result of his work on this project. Chris wrote over 1,500 posts on Boom2Bust.com during its nearly three-year run, with many of these picked up and republished on the web sites of The Wall Street Journal, Fox Business, Fox News, Reuters, USA Today, the Chicago Sun-Times group, the Austin-American Statesman, the Palm Beach Post, and the West Orlando News, among other media outlets. Chris was also interviewed for a May 2009 MSNBC.com article as a result of his work with the blog.

Since Memorial Day Weekend 2007, I’ve stood by and watched as the bursting of the U.S. housing bubble and subprime mortgage crisis was quickly followed by carnage on Wall Street in the autumn of 2008 and a “Great Recession.” I also observed how the Washington politicians and the Fed responded by “papering up” the mess with massive government and central bank intervention. But as everyone knows, you can only “kick the can down the road” so far. And my concern is that the road is rapidly coming to an end. Visit this blog often enough and you might get that sense as well.

Consequently, I’ve come to believe that the U.S. financial crash I still see headed our way won’t be like an airplane that suffers a sudden, catastrophic failure and plummets back to Earth like a rock. Rather, taking into account the abilities of the federal government and central bank to keep the aircraft aloft for quite some time, the crash may be more akin to a slow- yet-unavoidable descent into the ground. At which point, Americans might be left pondering what had happened to them, just like Argentines did after their economy crapped out in the early 2000s after prosperous times.

Making matters worse is the fact that I still reside in Cook County and Illinois, whose financial troubles are well-publicized. While I’ve left Chicago, I still haven’t made Wisconsin my permanent home address.

When the “balloon goes up” locally and nationally, I suspect everyday living is going to get particularly gritty around these parts.

As terrorism is concerned, post-9/11 I found myself working in the public safety field. As part of my duties at a local fire department, I catalogued potential terrorist targets in the area in the hunt for money to upgrade the agency’s response capabilities. It was my belief that the threat was real then, and it remains so today. Even more so in 2016, as U.S. border security is quite suspect at a time when those who would wish to harm the “homeland” continually make their operational capabilities and future desires for wreaking death and destruction known.


“Border Patrol Admits US Citizenship Doesn’t Matter”
YouTube Video

Like I’ve repeatedly said before on this blog, I believe it’s only a matter of time before the United States suffers terror attacks possibly resembling what occurred in Beslan (Russia) in 2004, Mumbai (India) in 2008, and more recently in Paris and Brussels. And a terrorist strike rivaling or even surpassing the carnage of September 11, 2011, is not out of the question as far as I’m concerned. New jihadists continue to replace their fallen predecessors in this “War on Terror,” and the religious duty of killing “infidels” remains the same. On May 6, 2011, I wrote:

In 2005, Dr. Paul L. Williams, a journalist and author, published the book The Al-Qaeda Connection, in which he discussed plans for a future nuclear terrorist strike, dubbed “American Hiroshima.” He wrote:

Bin Laden asserts that he must kill four million Americans- two million of whom must be children- in order to achieve parity for a litany of “wrongs” committed against the Muslim people by the United States of America. The “wrongs” include the establishment and occupation of military bases between the holy cities of Mecca and Medina in Saudi Arabia, the support of Israel and the suppression of the Palestinian people, the Persian Gulf War and the subsequent economic sanctions, and the invasions of Somalia, Afghanistan, and Iraq…

(Editor’s note: Bold added for emphasis)

These days, the Islamic State has stolen the headlines from Al-Qaeda and other Muslim extremists. But such religious fanaticism as a whole remains a top concern for me.

Severe weather, financial crisis, and terrorism are natural and man-made threats that register the most on my radar. But this doesn’t mean I discount other potential dangers to life and property either (pandemic, severe space weather, and war would probably be the next three on the list). As such, an “all-hazards” approach is emphasized in my “Project Prepper” activities.

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

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The ‘Fearmongers’ Will Get The Last Laugh

I haven’t had much to blog about recently when it comes to the “crash prophets”– Marc Faber, Jeremy Grantham, Jim Rogers, and Peter Schiff.

I have noticed one thing though. These individuals appear to be coming under a growing barrage of attacks in the mainstream media and elsewhere lately. Following them as I have for a number of years (anyone remember when I used to be the editor of Investorazzi.com, “Tracking The World’s Greatest Investors,” from 2008 to 2010?), the harsh atmosphere feels a lot like it did in the middle of the last decade, when these four were calling for the bottom to fall out of the housing and stock markets, the economy, and larger financial system- and were subsequently ridiculed for it.

We all know what happened next. And the initial pain could have been a hell of a lot worse if Washington and the Fed hadn’t papered up that debacle and kicked it down the road a few years into the future.

As for their antagonists back then? Well, a particular line from “Grace” the school secretary in the 1986 film Ferris Bueller’s Day Off comes to mind when I think of their fate:

Well, makes you look like an ass is what he does, Ed.

These days, it’s an all-out assault again on Faber, Grantham, Rogers, and Schiff by the financial Pollyannas, emboldened by some positive economic/investment data in an overall lame recovery, historically-speaking. Case in point, a February 26 Yahoo! Finance article in which Jeff Macke wrote:

The Dow Jones Industrial Average made a fresh high, joining its cousin the S&P 500 and now we await the Nasdaq to push above 5,048. Instead of celebrating prosperity here’s what the media is likely to do which is the wrong attitude.

Trot out the usual cast of fearmongers to tell everyone why a biblical crisis is in our immediate future. This week it was Nobel Prize winning Yale Professor Robert Shiller…

I’m not picking on him. Quite the opposite. As fear mongers go Shiller is the best of them. The worst is probably Marc Faber who emerges from a cave in Switzerland periodically to call for “an 1987 level crash”. Faber started making that explicit prediction in spring of 2012 when he said the chances of a global recession that year or 2013 were 100%. He was wrong of course but that was a better call than his 2009 prediction that the U.S. would suffer hyperinflation levels only seen in Zimbabwe. For the record Zimbabwe experienced 231 million percent inflation that year. If Faber isn’t wrong on that call he is very, very, very early…

A couple of things came to mind reading Macke’s piece:

When did high stock prices become interchangeable for “prosperity”? I’d like to see the evidence demonstrating real economic prosperity and a booming stock market go hand-in-hand each and every time. Last I heard, the White House and the Fed were still on their knees praying this happens.
• Robert Shiller a “fearmonger”? If I’m not mistaken, didn’t Dr. Shiller spot both the dot-com bubble and the housing bubble? Fearmonger? Try a damned good economist. And a public servant for warning anyone who would listen about these financial debacles.
• “The worst is probably Marc Faber…” The same Dr. Faber that became well-known for advising clients to get out of the U.S. stock market one week before the October 1987 crash, for predicting the 2008 global financial crisis, for calling the March 2009 U.S. stock market bottom and subsequent rally, in addition to correctly-forecasting the rise of commodities, emerging markets, and China in the 2000s? Yeah, he’s the worst.

“But that was a better call than his 2009 prediction that the U.S. would suffer hyperinflation levels only seen in Zimbabwe. For the record Zimbabwe experienced 231 million percent inflation that year.” Did Dr. Faber predict Zimbabwe-like hyperinflation would strike the U.S. between January 1, 2009, and December 31, 2009 (which seems to be insinuated by the inclusion of that second sentence), or did Faber make this forecast during 2009 that it would eventually occur here? I see the haters have latched on to the former. In which case, produce the evidence he said hyperinflation would strike the U.S. in that particular year.

You see, here are the problems with such attacks on Marc Faber, Jeremy Grantham, Jim Rogers, Peter Schiff, and others.

• First, the “crash prophets” have a pretty solid track record over time when it comes to making correct market/investment calls. Over the years I’ve read material by journalists confirming this. Plus, I’ve catalogued it on the “Crash Prophets” page. That being said, no one’s perfect, and bad calls happen once in a while.
• Second, unless specifically stated, since I started observing Marc Faber, Jeremy Grantham, Jim Rogers, and Peter Schiff a decade ago, I get the impression they take a long-term approach to many of their forecasts. Yet, the attacks often consist of trying to call the outcome of the ball game while it’s still in the early innings, so to speak. I can’t even begin to count how many times I’ve heard/read attempts to discredit these guys because something they predicted still hadn’t materialized. Perhaps it’s because the forecasted event is still unfolding?
• Third, investigating where and from whom the attacks are coming from often reveals the real motives behind the trash-talk. And many times, “where you stand depends on where you sit.” In other words, lots of obvious self-interest out there.

I expect attacks on Marc Faber, Jeremy Grantham, Jim Rogers, Peter Schiff, and other “crash prophets” to intensify as the nation’s “financial reckoning day” grows closer. It’s an evitable consequence of not donning rose-colored goggles and playing ball with the Pollyannas.

But like in the period of time after the housing crash, the “Panic of ’08,” and subsequent “Great Recession,” I’m pretty sure these esteemed investors/money managers will be having the last laugh.

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

(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)

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Ebola Virus Mutating

A lot of people are writing off the threat posed by the Ebola virus these days. I, for one, still remain skeptical. And with good reason. Tulip Mazumdar reported on the BBC website yesterday:

Scientists tracking the Ebola outbreak in Guinea say the virus has mutated.

Researchers at the Institut Pasteur in France, which first identified the outbreak last March, are investigating whether it could have become more contagious.

More than 22,000 people have been infected with Ebola and 8,795 have died in Guinea, Sierra Leone and Liberia.

Scientists are starting to analyse hundreds of blood samples from Ebola patients in Guinea.

They are tracking how the virus is changing and trying to establish whether it’s able to jump more easily from person to person

(Editor’s note: Bold added for emphasis)

Colin Freeman added on the website of The Telegraph (UK) yesterday:

On Thursday they warned that it was still too early in their research to say whether mutations in the virus thus far would lead to more lethal or infectious strains.

But Dr Anavaj Sakuntabhai, an Oxford-educated geneticist involved in the research, said that claims that the virus might move from being fluid-borne to airborne – and potentially much more infectious – were a near-scientific impossibility.

That theory was voiced last October by Anthony Banbury, the head of the United Nations mission on Ebola, who said it was a “nightmare scenario’ but that it “could not be ruled out”.

However, Mr Sakuntabhai told The Telegraph: “I don’t think is likely. For any pathogen (agent of disease) to change its mode of transmission would it means they would have to adapt to a completely different environment.” He likened it to a fish developing lungs or a human growing gills.

(Editor’s note: Bold added for emphasis)

“He likened it to a fish developing lungs..”

Something that happened 375 million years ago, as the Natural History Museum in London points out on their website:

A few species of fish were the first creatures to evolve lungs.

Arapaima, from the Amazon River, is an example of a fish that evolved a lung-like gas bladder to supplement the oxygen from its gills.

About 375 million years ago, land-living animals began to evolve from a species of lobe-finned fish. All animals with lungs share this common ancestor. This species is now extinct, but the living lungfish are close relatives.

Yep. As much as I’d like to, I wouldn’t be celebrating the demise of this bout of Ebola just yet.

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

Sources:

Mazumdar, Tulip. “Ebola outbreak: Virus mutating, scientists warn.” BBC. 29 Jan. 2015. (http://www.bbc.com/news/health-31019097). 30 Jan. 2015.

Freeman, Colin. “Ebola virus mutating but will not become airborne, scientists say.” The Telegraph. 29 Jan. 2015. (http://www.telegraph.co.uk/news/worldnews/ebola/11378361/Ebola-virus-mutating-but-will-not-become-airborne-scientists-say.html). 30 Jan. 2015.

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Saturday, January 31st, 2015 Africa, Emergencies, Health, Preparedness, Science No Comments

Marc Faber: ‘The President, For Whatever Reason, Might Not Finish His Term’

This year’s Barron’s Roundtable convened on January 12, 2015, at the Harvard Club of New York. And one member of the Roundtable, Swiss-born investment advisor and fund manager Marc Faber, brought up some interesting scenarios for the coming year. Dr. Faber told Roundtable participants:

Many surprises could occur in the next 12 months. The president, for whatever reason, might not finish his term. China’s president, Xi Jinping, doesn’t speak as much as Obama, but when he speaks, he makes sense. He is a powerful person. In the past 45 years, China has pursued a policy of nonintervention in other countries’ domestic affairs. But that might change because of its oil interests in the Sudan. China is the largest supplier of troops to the U.N. peacekeeping forces. Its troops are conveniently placed next to Sudan’s oil facilities. China also has a large interest in the Iraqi oilfields. If ISIS moves toward southern Iraq, which it currently can’t do, China will protect its interests. The Chinese are becoming more assertive in their geopolitical ambitions. They must ensure a supply of natural resources, such as oil, copper, and iron ore. In their view, the Americans have no interests in Southeast Asia and eventually will have to move out. It is unclear how this will be achieved, or when, but it probably won’t happen peacefully

(Editor’s note: Bold added for emphasis)

Thailand-based Faber, like fellow “crash prophets” Jim Rogers and Peter Schiff, recognizes that the West’s economic power is steadily being transferred to the East. He added in New York City:

Even if Asia doesn’t grow much this year, economic power is shifting to Asia. The Indian economy could grow by 5%-6% in 2015, although the Indians would say I am too pessimistic. Nonetheless, a 5% growth rate is enormous, compared to zero in Europe.

(Editor’s note: Bold added for emphasis)


Heineken Commercial “The Date” feat. Mohammed Rafi, Jaan Pehechaan Ho (1965)
YouTube Video

You can read the entire Roundtable discussion on the Barron’s website here.

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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Trust The Ebola ‘Pollyannas’ At Your Own Peril

“Calm down- America is officially Ebola-free”
-Public Radio International web article headline, November 10, 2014

“America all clear of Ebola- for now”
-Yahoo! News web article headline, November 11, 2014

“Ebola In US Cured, Craig Spencer Released From Hospital, America All Clear”
-Inquisitr.com web article headline, November 12, 2014

One might think reading the above “Pollyannish” headlines that the threat to the United States from the Ebola virus is over. I, for one, remain skeptical. Why’s that? Consider the following from Martha Mendoza on the Associated Press website November 1:

Top medical experts studying the spread of Ebola say the public should expect more cases to emerge in the United States by year’s end as infected people arrive here from West Africa, including American doctors and nurses returning from the hot zone and people fleeing from the deadly disease.

But how many cases?

No one knows for sure how many infections will emerge in the U.S. or anywhere else, but scientists have made educated guesses based on data models that weigh hundreds of variables, including daily new infections in West Africa, airline traffic worldwide and transmission possibilities.

This week, several top infectious disease experts ran simulations for The Associated Press that predicted as few as one or two additional infections by the end of 2014 to a worst-case scenario of 130…

(Editor’s note: Bold added for emphasis)

“As few as one or two additional infections by the end of 2014 to a worst-case scenario of 130.”

A number of high-profile preppers with medical backgrounds have weighed-in on the danger posed by Ebola. First, there’s Joe Alton, M.D.- aka “Dr. Bones” of Dr. Bones and Nurse Amy-fame. Sharon Churcher wrote on the Daily Mail (UK) website back on Halloween:

Florida surgeon Joe Alton, who believes the US government is deluding American citizens over the risk of infectious disease, says: ‘Members of the preparedness community are not crazy. What is crazy is not to be prepared for disasters – preppers are the normal people.

‘The US government has a website Ready.gov that says people should always be prepared for natural disasters like earthquakes and hurricanes and tornadoes and floods. It does not make sense not to also prepare for infectious diseases.’

He says: ‘This is a virus that has a 70 percent mortality rate and the experience we’ve had with the cases in Dallas and New York and with President Obama making ‘fairness’ a priority over public health and safety has made preppers – including doctors like me — suspicious of the notion that we can rely on the authorities to protect us…

‘I think it is highly unlikely that entire communities will be overwhelmed in this country by an epidemic but the situation in Dallas showed that our hospitals are not prepared.’

(Editor’s note: Bold added for emphasis)

No Ebola epidemic. But likely inside the United States by the sound of it.

Readers may recall that back in August I also talked about Dr. Alton and Nurse and their take on Ebola. From that post:

Joe Alton, M.D.- aka “Dr. Bones” of Dr. Bones and Nurse Amy/The Survival Medicine Handbook-fame- just wrote on the Doom and Bloom website on July 30 in “Ebola Update”:

I recommend stocking up on masks, gowns, eye protection, and gloves, and learn about how to have an effective survival sick room.

He added later in the comment section:

The best masks are N95 or N100, the N95 are more readily available and somewhat more breathable. Masks by themselves are not enough, though, some kind of eye protection and coveralls would be useful additions to your medical storage for pandemics.

(Editor’s note: Bold added for emphasis)

Churcher also talked about Tess Pennington, publisher of the Ready Nutrition website and author of The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster. From the piece:

Former American Red Cross staffer and mother of three Tess Pennington says: ‘I was working at the Dallas chapter of the Red Cross on September 11, and having been through that and a Houston hurricane, ‘I firmly believe that every family should be prepared for disasters.

‘When Ebola started migrating to America, I bulked up on N100 respirator masks, which block out more particles than N95s, and also on latex gloves, which are the best for bodily fluids because they are non permeable.

‘I also have purchased DuPont Tychem suits – twelve suits for each of us: my husband, our 12 year old boy and our 10 year old and 9 year old girls.’

Things may be quiet right now in the U.S. as far as Ebola is concerned. But I suspect that’s only temporary based on the above projections.

It’s probably only a matter of time before the next Ebola case is discovered on our shores.

If readers were planning to prep for the virus, this lull in the action might be a good time to take care of that. Otherwise, should more cases start popping up in the U.S. again, you may have a hard time getting what you need.

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

Sources:

Mendoza, Martha. “Scientists Try To Predict Number Of US Cases.” Associated Press. 1 Nov. 2014. (http://hosted.ap.org/dynamic/stories/U/US_EBOLA_HOW_BAD_CAN_IT_GET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-11-01-10-25-24). 13 Nov. 2014.

Chrucher, Sharon. “We are NOT nutty survivalists, says Ebola’s Dr Prepper: Medical ‘lunatics’ stocking up on Hazmat suits insist THEY are the only normal ones.” Daily Mail. 31 Oct. 2014. (http://www.dailymail.co.uk/news/article-2812488/We-NOT-nutty-survivalists-says-Ebola-s-Dr-Prepper-Medical-lunatics-stocking-Hazmat-suits-insist-normal-ones.html). 13 Nov.2014.

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General McInerney’s September 7 Mystery Book Revealed?

Earlier today, I wrote the following on Survival And Prosperity:

On Monday, I learned retired United States Air Force Lieutenant General and FOX News military analyst Thomas McInerney had issued a dire warning regarding terrorism directed against the United States. The former commander of the 11th Air Force appeared on the FOX News Channel last Saturday, and told viewers:

On the 7th of September, a major news network and a major publishing network are going to put out a book, and it’s going to be earth-shattering of what’s happening and what happened. And, the fact is, we may even see on 9/11/14 MH370 resurface again. We should be prepared for anything. We should go to DEFCON 1- which is our highest state of readiness- and be prepared as we lead up to 9/11.

When pressed for more details about that September 7 date, McInerney said he couldn’t elaborate. He did add:

It is going to be extremely important, and America should take notice…

While I noted that “a quick search of the Internet revealed nothing except speculation,” earlier this evening I decided to take another crack at identifying this mysterious book General McInerney said would be coming out on September 7, 2014.

I think I may have succeeded.

Sifting through coming releases on Amazon.com, I spotted this book:

The REAL Benghazi Story: What the White House and Hillary Don’t Want You to Know, by Aaron Klein.

According to its description:

Bigger than Watergate! Bigger than Iran-Contra!

Ten times bigger than both, Rep. Steve King has said.

The Benghazi scandal may have been covered up by the White House, but the truth is about to come out. “The Real Benghazi Story” is a groundbreaking investigative work that finally exposes some of the most significant issues related to the murderous September 11, 2012, attack – information with current national security implications. Investigative journalist and New York Times bestselling author Aaron Klein provides the answers many have longed for, from the secretive activities transpiring inside the doomed facility to shocking new details about the withholding of critical protection at the U.S. special mission. Learn about what really happened to Ambassador Chris Stevens that ill-fated night, the central role Hillary Clinton actually played in the scandal – and more! Also answered for the first time is why the State Department hired armed members of the al-Qaeda-linked February 17 Martyrs Brigade to protect the facility. New reasons are revealed for not sending air support or Special Forces during the assault, while extensively probing not only jihadist groups but also possible state actors behind the attack. These are just some of the new details to be revealed in this game-changing book.

Now, General McInerney said:

On the 7th of September, a major news network and a major publishing network are going to put out a book…

WND (formerly WorldNetDaily) fits the bill for that major news network/publishing network description. From WND.com:

Founded by Joseph and Elizabeth Farah in May 1997, it is now a leading Internet news site in both traffic and influence…

WND consistently ranks as the “stickiest” news site on the Internet, meaning readers spent more time on it than on any other – including giants CNN, MSNBC and ESPN.

WND often ranks at the top of the news pack in number of pageviews per user and minutes per page – two other important categories measured by Internet ratings agencies.

It is a Top 500 website, according to Alexa.com, the search and ratings agency affiliate of Amazon.com, and the No. 1 independent news site. WND currently attracts nearly 5 million unique visitors a month and more than 40 million pageviews, according to its own internal monitoring software.

WND also has a publishing arm- WND Books- that was founded in 2002 by the Farahs and has multiple New York Times best-sellers to its credit.

As to that September 7 date? Well, according to those vendors that will be selling Klein’s book, the release date of The REAL Benghazi Story isn’t until 2 days later- September 9. Now, release dates being postponed/pushed back is not unheard of. Perhaps that was the case here and McInerney hadn’t been informed about the change when he appeared on FOX News last Saturday. Or maybe he really meant the book is being released the week of September 7, seeing that the day falls on a Sunday?

I have one more reason to believe The REAL Benghazi Story is the “earth-shattering” book General McInerney was talking about.

Both are closely associated with the September 11, 2012, event in which a U.S. diplomatic compound in Benghazi, Libya, was attacked and resulted in American casualties.

Tatiana Lozano wrote on the CNSNews.com website on June 18, 2014:

Retired Air Force Lt. Gen. Thomas McInerney says he believes the evidence will show that President Obama and top administration officials were guilty of a “dereliction of duty” both during and after the deadly attack in Benghazi, Libya that cost the lives of U.S. Ambassador Christopher Stevens and three other Americans.

“Verification of what the National Command Authority knew and when they knew it is extremely important as it will show, I believe, that there was dereliction of duty by the President, the Secretary of Defense, the Chairman of the Joint Chiefs of Staff, the Secretary of State, and the CIA Director,” Lt. Gen. McInerney said at a joint conference with military and legal experts held by the Heritage Foundation and the Benghazi Accountability Coalition on Monday.

“That is a very serious charge. That is a very serious charge, and it was done in violation of the law of the United States,” declared Gen. McInerney, who served as an assistant vice chief of staff in the Air Force’s Washington headquarters, and was part of a group calling for a select committee to investigate the events in Benghazi back in March…

(Editor’s note: Bold added for emphasis)

I wonder if Klein has been able to determine “what the National Command Authority knew and when they knew it”?

And prove Thomas McInerney’s suspicions correct.

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

Source:

Lozano, Tatiana. “Gen. McInerney: Evidence Will Show ‘Dereliction of Duty’ in Benghazi.” CNSNews.com. 18 June 2014. (http://cnsnews.com/news/article/tatiana-lozano/gen-mcinerney-evidence-will-show-dereliction-duty-benghazi). 27 Aug. 2014.

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Christopher E. Hill, Editor

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