Europe

Rich Dad Author Robert Kiyosaki: ‘Right Now, I Trust In Gold And I Trust In Silver’

When I last blogged about Robert Kiyosaki on July 26, 2015, the American entrepreneur, educator, investor, and author of The New York Times best-selling book Rich Dad Poor Dad was bullish on gold and silver. Kiyosaki recently made an appearance on GoldSeek.com Radio, and in the January 27, 2016, broadcast, the real estate guru reaffirmed his “trust” in precious metals. From the exchange with host Chris Waltzek:

WALTZEK: People taking a longer-term perspective, picking up some precious metals. You get that diversification. You can sleep a little more soundly at night. And you also know that you’re getting silver at 66 percent off, gold 40-45 percent off the highs. So where’s the risk there?
KIYOSAKI: The risk is not having it. And that’s why I’m laughing about Saturday Night Live and I can’t tell Fox from Saturday Night Live because those guys are a bunch of cartoons up there now. And those are the guys you’re going to count on for your economy? Give me a break. I mean, right now I trust in gold and I trust in silver. I don’t trust the stock market. I don’t trust the Fed. I don’t trust our leaders. I don’t trust the EU to not come apart. You have Puerto Rico in serious trouble. I mean how many other things have you got out there? And you look at the national debt- it’s now $20 trillion. If you want to believe Saturday Night Live characters then you just keep believing. But I’d rather have gold and silver.


“GSR interviews ROBERT KIYOSAKI – Jan 27, 2016 Nugget”
YouTube Video

The author of the recently-released Second Chance: for Your Money, Your Life and Our World also informed listeners he got out of stocks “fully” last March.

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

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

Tags: , , , , , ,

German Intelligence Chief: ‘Repeatedly Seen That Terrorists… Have Slipped In Camouflaged Or Disguised As Refugees’

Taking advantage of economic migrants flooding into Europe, more terrorists may be slipping (back) into Western Europe these days. Caroline Copley reported on the Reuters website earlier today:

Islamic State militants have slipped into Europe disguised as refugees, the head of Germany’s domestic intelligence agency (BfV) said on Friday, a day after security forces thwarted a potential IS attack in Berlin.

Hans-Georg Maassen said the terrorist attacks in Paris last November had shown that Islamic State was deliberately planting terrorists among the refugees flowing into Europe.

“Then we have repeatedly seen that terrorists … have slipped in camouflaged or disguised as refugees. This is a fact that the security agencies are facing,” Maassen told ZDF television.

“We are trying to recognize and identify whether there are still more IS fighters or terrorists from IS that have slipped in,” he added…

(Editor’s note: Bold added for emphasis)

Good luck with that. Yesterday, Lori Hinnant wrote on the Associated Press website:

The Belgian who led the Nov. 13 attacks on Paris bragged that he slipped into France with a group of 90 extremists from Europe and the Middle East, according to testimony from the woman who tipped police to his location.

In an interview aired Thursday by RMC television and confirmed by her lawyer, the woman identified only as Sonia… was with [Abdelhamid] Abaaoud’s female cousin on Nov. 15 when the younger woman got a call from a Belgian number. It was Abaaoud, asking for a hideout.

The two women drove to a deserted industrial road outside Paris and Abaaoud came out of a bush. It was at that moment she realized who he was, according to her testimony. What followed is Abaaoud’s only known conversation about the attacks and their aftermath…

She asked him whether he had come in with Syrian refugees and he told her he came in a group without any documents. “There are Syrians, Iraqis, French, Germans, British. We came in a group of 90 and we’re a little bit everywhere around Paris.”

(Editor’s note: Bold added for emphasis)

“French, Germans, British”

Great. Welcome home, right?

Just last Friday, I blogged about new warnings from Europol and the Russian National Anti-Terrorist Committee concerning the Islamic State preparing new terrorist attacks in that region of the world.

As for the United States? All eyes are on Super Bowl 50. Geneva Sands reported on the ABC News website yesterday:

The FBI and DHS said they have no information to indicate a specific, credible threat to the game or its surrounding events, according to a Joint Special Event Threat Assessment.

However, authorities are concerned about terrorists’ interest in targeting crowded venues, as well as lone wolf attackers and homegrown extremists…

(Editor’s note: Bold added for emphasis)

Here’s to an “uneventful” Super Bowl Sunday…

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

Sources:

Copley, Caroline. “German spy agency says ISIS sending fighters disguised as refugees.” Reuters. 5 Feb. 2016. (http://www.reuters.com/article/us-germany-security-idUSKCN0VE0XL). 5 Feb. 2016.

Hinnant, Lori. “Paris Attack Leader Said He Slipped In With 90 Extremists.” Associated Press. 4 Feb. 2016. (http://hosted.ap.org/dynamic/stories/E/EU_PARIS_ATTACKS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-02-04-07-52-04). 5 Feb. 2016.

Sands, Geneva. “Law Enforcement On High Alert for Super Bowl 50.” ABC News. 4 Feb. 2016. (http://abcnews.go.com/US/law-enforcement-high-alert-super-bowl-50/story?id=36698694). 4 Feb. 2016.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gabe Suarez Shares Latest Insights On Terrorism, Mass Shootings

In the previous post I referenced one published back on April 28, 2011, about the next Mumbai-style attack. I blogged:

Consider what Gabe Suarez, a decorated veteran of Southern California law enforcement and president of the personal safety training outfit Suarez International, wrote in his blog Warrior Talk News on May 6, 2010:

Put yourself in the enemy’s shoes… err, sandals… which option would YOU pick? Which offers the easiest implementation, least chance for detection, greatest chance for success – bombs or bullets?

The mass shooting and not the improvised and unsuccessful bomb is the “easy button”, and that fact cannot be ignored by us as it will not be overlooked by the enemy.

So what do we do?

1). We must identify who the enemy is. Please go back and peruse the list of events above, both failed and successful. What is the common thread connecting the attackers?

2). Carry your gun everywhere… a REAL fighting gun… not some sissy “suitable for CCW” 5 shot “self defense gun”. The times are not such that concern over a mugger is the issue anymore. Carry extra ammo with you. It is not difficult at all to carry a full sized pistol with a couple of extra magazines. I have done so since 1983.

These are not the times to be seeking political correctness over public safety. It is not the time to fear false labels created and assigned by the mass media. The Israelis learned that lesson long ago. After all is said and done, it is better to be a live “intolerant racist” (as the MSM would call us) than a dead “co-existing”, tolerant “paragon of political correctness”. I suspect that had Shahzad’s bomb been successful, lots of tolerant, “co-exist” types would have died right alongside us “intolerant racists”. The times call for careful profiling and suspicious curiosity as well as daily preparation.

Dress everyday as if you had a business meeting in Mumbai on 26 November 2008 with a bunch of Jews, Christians, and atheist Americans at a cafe right across the street from the Jihad School Of Terrorism.

Be ready or be a victim.

“Be ready or be a victim.” Great words to live by.

Almost six years on, Gabe Suarez continues to head up the multinational corporation Suarez International. I still check-in on Suarez on a regular basis via Facebook and his Suarez International Blog, “a ‘warrior lifestyle’ publication dedicated to the modern excellence-seeking martial enthusiast.” I blogged about his January 8 “Every Man Is A Counter Terrorist” Facebook post, in which he discussed the Charlie Hebdo terrorist attack in Paris, France, and called upon readers to become counter-terrorists.

No holds barred. Thought-provoking. Classic Suarez.

I highlighted two other terrorism/mass shooting-related posts of his for the remainder of last year. One was a follow-up to his January 8 Facebook entry. The second focused on the October 1 mass shooting at Umpqua Community College in Oregon.


“GROUND ZERO WITH THE ACTIVE SHOOTER”
YouTube Video

Today, I want to share with Survival And Prosperity readers Gabe Suarez’s latest material on terrorism/mass shootings. From his Suarez International Blog in January:

Terrorism In America- Reality Check” (January 6):

Are there sleeper cells in the USA planning…actively…to bring terror to every American? Yes, of course. Did anyone doubt this? I would have to sit and ponder for a time just how many events there have been. I recall the suicide bomber outside the OSU football game in 2005. And of course the prominent ones…Fort Hood…Boston Marathon…and now, San Bernardino. The common and undeniable thread is of course – the terrorists are all acting in the name of their political-religious ideology…

We Live In A Time Of War” (January 8):

From a good friend who has been there done that… on the dark side

***

Being prepared in a dangerous world. PLEASE take time to read & digest. Please share with others. As we have become complacent in our lives, others want to and will do their best to disrupt that complacency. This is extremely long, but, quite thorough. And, in the big picture, good advice…

Living In The ‘Before’” (January 11):

I had a long discourse today with a friend from high school. She was concerned about all the terrorism today and wanted advice. She had been living in the “before”.

What is the before?

I found Gabe Suarez’s insights in these three blog posts valuable. Perhaps readers will too.

For more information about Suarez International, visit their website here.

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

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,

Islamic State Preparing Terrorist Attacks On Europe, Russia?

This last day of the blogging week I’ll be turning away from economics/finance/investing and focusing on terrorism. The latest warnings include Europe/Russia possibly being in the jihadist’s crosshairs. From the Agence France-Presse (AFP) Monday:

The Islamic State group has honed the ability to launch global attacks and is set to focus more on Europe following the Paris massacre, the chief of the EU police agency Europol said Monday.

Rob Wainwright told a news conference that “the so-called Islamic State had developed a new combat style capability to carry out a campaign of large-scale terrorist attacks on a global stage — with a particular focus in Europe.”

“So-called Islamic State has a willingness and a capability to carry out further attacks in Europe, and of course all national authorities are working to prevent that from happening,” he added.

Wainwright was unveiling the findings of a new Europol report on changes in how the jihadist group operates…

“IS is preparing more terrorist attacks, including more ‘Mumbai-style’ attacks, to be executed in member states of the EU, and in France in particular,” the Europol report said.

“The attacks will be primarily directed at soft targets, because of the impact it generates. Both the November Paris attacks and the October 2015 bombing of a Russian airliner suggest a shift in IS strategy towards going global.”

IS had developed an “external action command” which was trained for “special forces-style attacks” internationally, the report said…

(Editor’s note: Bold added for emphasis)

“‘Mumbai-style’ attacks.” Something I’ve talked about before on Survival And Prosperity.

The Russians are sounding the alarm over potential ISIS terror strikes as well. From RT.com this morning:

Islamic State cells led by Chechen recruiter Akhmed Chetayev are planning terrorist attacks in Russia and Europe, Moscow’s National Anti-Terrorist Committee reported. Former Iraqi army officers are taking part in training terrorists to attack Russia, it added.

“Russian special services have intelligence that certain IS groups are preparing terrorist attacks in Russia and European nations,” Andrey Przhezdomsky, spokesman for the Russian National Anti-Terrorist Committee, warned on Friday. “In particular, a battalion formed mainly from recruits from North Caucasus headed by Akhmed Chetayev, nicknamed One-Handed.”

Chetayev’s group reportedly includes dozens of people born in Russia’s southern republics who traveled to Syria to join the ranks of Islamic State (IS, formerly ISIS/ISIL).

The official added that former Iraqi army officers who served under Saddam Hussein are training the terrorists…

(Editor’s note: Bold added for emphasis)

Caucasian jihadists? I’d heard the bad guys were looking for these as their appearance might help them “fly under the radar” (no pun intended) of existing counter-terrorism setups.

Stay safe…

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

Sources:

“IS planning for ‘large-scale’ attacks on Europe: Europol.” Agence France-Presse. 25 Jan. 2016. (http://news.yahoo.com/planning-large-scale-attacks-europe-europol-002121327.html). 29 Jan. 2016.

“Special ISIS cells preparing terror attacks in Europe and Russia – Russian anti-terrorism body.” RT. 29 Jan. 2016. (https://www.rt.com/news/330556-isis-terror-europe-russia/). 29 Jan. 2016.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , ,

GoldSilver.com’s Mike Maloney Predicts U.S. Currency Crisis ‘Before The End Of This Decade’

One “crash prophet” who I check in on from time to time is Mike Maloney, a precious metals expert, advisor, and author who runs California-based GoldSilver.com (specializing in the instruction of precious metals investing and providing world-class gold/silver dealer services). This afternoon I watched two videos in which he was featured, and thought I should share his observations with Survival And Prosperity readers.

First off, in a video just uploaded onto his YouTube channel Tuesday, Mike Maloney informed viewers:

I’m making this video because I’ve noticed a major shift in the markets lately. Every trader, every investor, everybody in the world is looking at this. This is the Wilshire 5000 but the S&P or the Dow- they all look the same. There’s these major topping patterns, and we’ve put in a third, what looks like to everybody, a major topping pattern. And what we’re seeing is more, very, very large customers- people that are cashing out of the stock markets and going into gold and silver…

Here at GoldSilver, what we’re seeing is a shift from a whole lot of smaller purchases to some very, very big purchases coming in. It’s highly unusual. And what I get out of it is that people are scared. So I just wanted to update everybody on the markets, to me, look like they are topping out…


“Markets Topping Out, Large Investors Run To Gold – Mike Maloney”
YouTube Video

In the second video, Mike Maloney focuses on the “big picture.” Speaking to investment newsletter publisher Jay Taylor on his web-based radio show Turning Hard Times into Good Times, Maloney said in a video uploaded on YouTube on January 20:

I believe we’re going to have a currency crisis before the end of this decade. But everyone is going to feel it. And only precious metals investors are going to benefit from it…

Taylor asked Maloney:

I recall a discussion you and I and my friend Ian Gordon had up there in Vancouver two or three years ago in which you were almost in complete agreement with Ian’s views that we were heading into a deflationary implosion the likes of which probably would make the 1930s look like child’s play. Are you still of that view? And if so, isn’t the dollar then a store of value if we’re in a deflationary environment?

Maloney responded:

Yes it will be temporarily. It’s going to be the beneficiary. This will probably start out of China or Europe and there will be this temporary flight to what people have been taught is this safe haven- which is U.S. Treasury bonds. And that will make the dollar the beneficiary of this temporary event. But we are in for a global deflationary episode. And so the dollar will rise temporarily… And so you’re going to see one last pop in the dollar probably, but then you’re going to see gold take off like a rocket

Maloney envisions this deflationary event turning into a hyperinflationary episode. He finished the interview with the following:

I think the markets have topped right now. And we are in the space where over the next few years we’re going to see a really big crash…

What you’re going to probably see is a short-term dip in precious metals and you have to use- to me, I’m using this to buy. I think gold under $2,000 is just a bargain-and-a-half. So if you can buy down near $1,000, or if it does dip under $1,000- I don’t think you’re going to be able to get a whole lot of physical for under $1,000 but the stocks will be a bargain. This is the time right now. Before gold starts to spike is when you want to buy, not after. Then, it’s going to take off like a rocket one of these days and never look back…


“Michael Maloney-The Greatest Crisis in the History of Mankind is here!”
YouTube Video

“Pop in the dollar.” “Short-term dip in precious metals.” Sound familiar?

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

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

Maloney’s recently-revised (September 2015) gold and silver investing book…

Tags: , , , , , , , , , , , , , , , , ,

Former BIS Chief Economist William White: ‘Situation Is Worse Than It Was In 2007’

For over a decade now, I’ve read an enormous amount of material concerning developments in the global economy/larger financial system. Particularly as it pertains to the health of that system. And not too many articles have grabbed my attention during that time like the one penned by The Telegraph’s (UK) international business editor Ambrose Evans-Pritchard on their website last week. From his January 19 article:

The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.

“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).

“Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for mischief,” he said…

“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly”

The European banking system may have to be recapitalized on a scale yet unimagined, and new “bail-in” rules mean that any deposit holder above the guarantee of €100,000 will have to help pay for it.

The warnings have special resonance since Mr White was one of the very few voices in the central banking fraternity who stated loudly and clearly between 2005 and 2008 that Western finance was riding for a fall, and that the global economy was susceptible to a violent crisis…

(Editor’s note: Bold added for emphasis)

In case some readers didn’t know, the Bank of International Settlements, or BIS, is basically the bank of central banks. And White was their chief economist.

He also commented on the Federal Reserve’s interest rate quagmire. From the piece:

Mr White said the Fed is now in a horrible quandary as it tries to extract itself from QE and right the ship again. “It is a debt trap. Things are so bad that there is no right answer. If they raise rates it’ll be nasty. If they don’t raise rates, it just makes matters worse,” he said…

(Editor’s note: Bold added for emphasis)

“Crash prophet” Peter Schiff has been harping on the rate trap for some time now.

It’s one thing when someone like Schiff points out fissures in the system. And it’s another when an “insider” like William White sounds the alarm.

You can read Evans-Pritchard’s disturbing article in its entirety here on The Telegraph website.

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

Tags: , , , , , , , , , , ,

SP Intel Report- December 1, 2015

I hope Survival And Prosperity readers had a nice Thanksgiving holiday. I’m going to keep the SP Intel Report short and local tonight as I get back into the swing of things.

Chicagoland

Chicago Thanksgiving Holiday Shootings Leave 8 Dead, At Least 20 Others Wounded

The long holiday weekend was a bloody one for Chicago. It was reported on the Fox 32 (Chicago) website Monday morning that 8 people were killed and at least 20 others wounded in shootings across the city. According to the HeyJackass! website this afternoon, the “Windy City” has tallied 2,750 shootings and 464 homicides year-to-date. Yikes.

‘Magnificent Mile’ Retailers Say Protest On Black Friday Resulted In Sales ‘25 Percent To 50 Percent Below Projections’

Kim Janssen reported on the Chicago Tribune website Monday afternoon:

Activists who blocked the entrances to stores on North Michigan Avenue on Black Friday to protest the fatal shooting of a black teenager by a white Chicago cop may have split opinions with their tactics.

But their goal of forcing retailers to suffer economic pain on what’s historically the busiest shopping day of the year was a success, according to unhappy store staff and managers who said Monday that Black Friday sales on the Magnificent Mile were 25 percent to 50 percent below projections

(Editor’s note: Bold added for emphasis)

As if the city of Chicago needed more financial misery heaped on it these days.

Chicago Police Superintendent Garry McCarthy Fired

“I’ve never quit on anything in my life. I’m 56 years old. Don’t expect that to change… The mayor has made it very clear that he has my back…”

-Chicago Police Superintendent Garry McCarthy on November 27, 2015, in response to calls for his resignation post-Laquan McDonald shooting video release


“FNN: Garry McCarthy out as Chicago Police Superintendent”
YouTube Video

“The mayor has made it very clear that he has my back”

Famous last words .

While I wasn’t a fan of Superintendent McCarthy, I do thank him for his several years of public service on behalf of the residents of Chicago.

Illinois

Illinois State Rifle Association Issues ‘Urgent Alert’ On Prepping For Terrorism

While I haven’t been following the activities of the Illinois State Rifle Association for long, I don’t think I’ve ever seen them this worked up about such an issue. From a November 14 Facebook post:

URGENT ALERT –
DO NOT PUT YOUR FAMILY SECURITY ON THE BACK BURNER
EVENTS IN PARIS ARE JUST A WARM UP EXERCISE
YOU MUST ARM AND TRAIN YOUR FAMILY TO ENSURE SURVIVAL

People around the world were treated today to a brutal spectacle having its roots in political naivety, ignorance of history, and wholly misguided immigration policy. Does that sound familiar? It should, because it aptly describes not only to the French government, but the sitting U.S. administration as well.

If you are of the mind of, “…it can’t happen here” then you are sorely deluded. The apparatus to launch a Paris-style bloodbath is already in place here in the United States. All these determined terrorists are waiting for is the go-head from their higher headquarters.

We may be only hours or even moments away from the news that dozens if not hundreds of Americans – just like you and your family – are laying dead or dying in a heap on the floor of some sporting, shopping or entertainment venue. We may be only hours or even moments away from hearing about how the police are looking for “…a few extremists” responsible from the carnage.

It’s not a question as to whether this is going to happen here, because it will. The real question is whether you are prepared to stand and protect what is yours. Are you prepared and able to defend yourself and your family? When the inevitable moment of truth arrives, are you willing to stand and fight or will you be content to play dead – hoping desperately that it is not your day to die?

The survival of you and your family is not mere fodder for some analysis of the war on terror – it’s a cultural imperative. As an American, you are very fortunate that you have a formula for survival and it’s called the Second Amendment. However, the power of any right is directly proportional to how vigorously it is exercised. Left unattended, the rights you enjoy under our Second Amendment will wither away.

To better the chances of survival for you and your family, the Illinois State Rifle Association urges you to do the following:

1. Make sure every person in your family holds a FOID card and that all eligible family members hold Illinois concealed carry permits.
2. Assemble a family defense arsenal consisting of one or more semiautomatic rifles such as the AR-15; one or more 12-gauge pump action shotguns, and one or more semiautomatic handguns. If you do not have a family defense arsenal, this is a good weekend to begin putting it together.
3. Be sure that you and every member of your family have had sufficient training in the use and field servicing of the weapons in your family defense arsenal.
4. Be sure that you have sufficient quantities of the proper ammunition on hand to defend your family.
5. Resolve this weekend to get yourself and your family into a physical training regimen. Your physical conditioning may be the difference between life and death during a Paris-style attack.
6. Encourage your extended family and friends to develop plans for protecting self and family from the threat of terror our government takes so lightly.

You have to understand that this is not a battle you can hire someone else to fight for you. When the time comes, you may very well find yourself standing nose to nose with a guy intent upon obliterating you, your culture, and everything you hold sacred.

Are you prepared?

Disturbing. Yet nothing to scoff at, as I too believe it’s only a matter of time before a major terror attack is launched by jihadists against the U.S.

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

Sources:

“8 killed, 20 wounded in Thanksgiving weekend shootings across Chicago.” Sun-Times Media Wire. 30 Nov. 2015. (http://www.fox32chicago.com/news/crime/54615863-story). 1 Dec. 2015.

Janssen, Kim. “Michigan Avenue Black Friday protests cost stores 25-50 percent of sales.” Chicago Tribune. 30 Nov. 2015. (http://www.chicagotribune.com/business/ct-black-friday-mag-mile-fallout-1201-biz-20151130-story.html). 1 Dec. 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

SP Intel Report- November 13, 2015

Chicagoland

DIY Solar Electricity, Window Farming For Beginners Classes From The Green Suite

Nick Conrad and The Green Suite will be putting on DIY Solar Electricity and Window Farming for Beginners classes over the next couple of weeks:

DIY Solar Electricity (class #1)
Wednesday, November 18, 7 to 9 PM
The Green Suite, 3958 N. Fremont, Apt. 3, Chicago
$30 to attend, 2 spots left as I type this

Window Farming For Beginners
Wednesday, December 2, 7 to 9 PM
The Green Suite
$30 to attend, 8 spots left

DIY Solar Electricity (class #2)
Tuesday, December 15, 7 to 9 PM
The Green Suite
$30 to attend, 5 spots left

For more information, head on over to The Green Suite website here.

Cook County Finance Committee Approves Ammunition Tax

It comes as no surprise that Cook County, Illinois, aims to tax law-abiding firearm owners in the county for the actions of criminals- yet again. Earlier this week I mentioned Cook County President Toni Preckwinkle had proposed a tax on ammunition sales in the county. Today, the Cook County Finance Committee approved the proposal. Hal Dardick reported on the Chicago Tribune website tonight:

The Finance Committee on Friday approved a series of other new taxes and fees. They include… A new tax on bullets- 5 cents per round of “centerfire ammunition” and 1 cent per round of “rimfire ammunition”- to raise $320,000 a year for public safety and health programs.

Todd Vandermyde, Illinois lobbyist for the National Rifle Association, said the county could expect a court challenge on the bullet fee, just as it is battling a lawsuit against a $25-per-gun purchase tax that went into effect two years ago.

“It seems interesting that the county wants to go down this road again, because you’ll incur even more litigation with a new suit to deal with this issue,” Vandermyde said, noting the relatively small sum the bullet tax is expected to bring in…

(Editor’s note: Bold added for emphasis)

See you in court? I’d be curious to find out how much that $25-per-gun purchase tax lawsuit has cost Cook County taxpayers to date.

Illinois

Illinois State Rifle Association Warns Of State Gun Control Legislation

Still on the topic of firearms tonight, gun control is on the march here in the “Land of Lincoln.” And the Illinois State Rifle Association has identified new initiatives that threaten the Second Amendment. From the ISRA Thursday Bulletin’s “Executive Director’s Message” for November 12, 2015:

In Springfield we have a couple of troublesome House Resolutions introduced. The first of these is HR0830 (Flowers, D-31, Chicago). HR 0830 calls for President Obama to hold a National Conference on Gun Violence by the end of 2015, in Chicago. This of course would be a blame the law abiding gun owners conference more than anything else. There are only 49 days left this year so it would have to happen quickly.

The next resolution, (Welch, D-7, Hillside), urges the courts, especially the Supreme Court, to adhere to the clear wording of the Second Amendment, being a right afforded to state sponsored militias, not individuals (this is their wording, not mine). What this clearly points out is that the Second Amendment is under attack. If you are not disturbed by this, you should be…

(Editor’s note: Bold added for emphasis)

You can read the entire Thursday Bulletin via the ISRA’s Twitter page here.

International

My thoughts and prayers go out to France this evening. While appalled, I am not shocked to hear of the Paris terror attack however. For a couple of years now I’ve talked about the November 2008 Mumbai, India, slaughter being emulated by terrorists. Almost a year ago to this day I blogged:

Something tells me our friends in Western Europe might suffer a major terrorist attack before a strike against the United States…

And on January 7, 2015, I wrote:

I still predict major terrorist attacks having the potential of inflicting large numbers of casualties will be directed against America and its allies in the future. The possible culprits being several, but including Muslim extremists like Al-Qaeda and its affiliates…

(Editor’s note: Bold added for emphasis)

Captain Obvious strikes again? Perhaps. But the notion of a large scale terror attack directed against the United States and/or its allies doesn’t appear to have been registering on the radars of lots of people these days. With a laughable economic “recovery” and plenty of distractions in play by the powers-that-be, who could blame them?

After the carnage in France, America and her allies remain in the crosshairs of the terrorists. Stay safe…

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

Source:

Dardick, Hal. “Preckwinkle wins hotel tax, declines to rule out future hikes.” Chicago Tribune. 13 Nov. 2015. (http://www.chicagotribune.com/news/local/politics/ct-preckwinkle-hotel-tax-cook-county-met-20151113-story.html). 13 Nov. 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Ted Koppel Warns Of All-Out Cyberattack On U.S. Power Grid

“Yes, it’s frightening. It is frightening enough that my wife and I decided we were going to buy enough freeze-dried food for all of our kids and their kids…

Do I believe I got it wrong? No. I spent a year-and-a-half trying to get it right and unfortunately I think I did.”

-Veteran U.S. journalist Ted Koppel, referring to the possibility of a nation-wide power outage resulting from a massive cyberattack by America’s enemies against the electrical grid

“In the dark over power grid security”
CBS News Video

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

Tags: , , , , , , , , , , , , , , , , , , , , , ,

SP Intel Report- November 9, 2015

Chicagoland

Nearly 1 Out Of 3 City Of Chicago Workers Made $100K Or More Last Year

Having lived in a northwest side neighborhood chock-full of City of Chicago employees prior to moving out to the ‘burbs, I wasn’t really surprised to learn of the following. Chris Fusco and Tim Novak reported on the Chicago Sun-Times website yesterday:

Nearly one out of every three workers on the city of Chicago payroll made $100,000 or more last year — a far higher percentage of six-figure employees than in state or Cook County government.

That’s according to a Chicago Sun-Times analysis that for the first time combines city workers’ salaries, overtime and other extra pay.

Twenty-six city workers drew paychecks that eclipsed Mayor Rahm Emanuel’s pay of $216,210, the analysis found. They included a police detective, two fire department ambulance commanders and two water department operating engineers…

(Editor’s note: Bold added for emphasis)

Fusco and Novak noted that there were 35,761 City of Chicago employees last year. And nearly 1 out of 3 made $100K or more? Nice gig if you can get it, right? Regrettably, I predict that when tough financial times finally arrive at the Windy City’s doorstep, even “clout” won’t be able to protect certain positions and salaries from getting slashed.

Cook County President Toni Preckwinkle To Tax Ammunition Sales?

Gun “control” (or gun “safety” as certain word wankers are now trying to call it) is on the march again in Cook County. From a County blog post Friday:

In an effort to reduce gun violence and improve public safety by creating new revenue for preventative actions, President Preckwinkle is also proposing a tax on rounds of ammunition sold in Cook County. The ammunition tax, either a penny or nickel per round depending on the category of ammunition, is aimed at addressing the costs of future gun crimes and the revenue generated will be dedicated to public safety initiatives.

President Preckwinkle, long an advocate of common sense gun laws, previously supported and passed a $25 tax on gun sales in Cook County. She has advocated for legislation that would ban assault weapons and high-capacity magazines, require registration of existing firearms and require background checks on all firearms sales at gun shows — commonly referred to as the “gun show loophole.”

(Editor’s note: Bold added for emphasis)

Tax law-abiding firearm owners in Cook County for the actions of criminals? Yeah, that makes a lot of “common sense.” You see, felons and other convicted criminals can’t purchase ammunition legally in Cook County, because they shouldn’t be able to get an Illinois State Police-issued Firearm Owner’s Identification Card. From the Illinois State Police, Firearm Services Bureau website:

Unless specifically exempted by statute, any Illinois resident who acquires or possesses firearms, firearm ammunition, tasers or stun guns within the State must have in their possession a valid FOID card issued in his or her name…

To be eligible for a FOID card, a person must be 21 years of age or have a parent or guardian sponsor that is eligible for a FOID card. An applicant must not be prohibited from possessing firearms in accordance with state or federal law. This requires the applicant is/has:

• Not been convicted of a felony…
• Not subject to an existing order of protection.
• Not been convicted within the past 5 years of battery, assault, aggravated assault, violation of an order of protection, or a substantially similar offense in another jurisdiction, in which a firearm was used or possessed.
• Not been convicted of domestic battery, aggravated domestic battery, or a substantially similar offense in another jurisdiction…
• Not convicted of a misdemeanor crime of domestic violence…

So what’s President Preckwinkle’s goal from a Cook County ammo tax then? My guess is gun “safety.” Something tells me we’ll be seeing the county in court if they decide to pursue this matter.

Illinois

Illinois Open Range Program To Be Held On November 14

Speaking of guns and the Illinois State Police, it’s that time of year again in the “Land of Lincoln.” From the website of central Illinois NBC affiliate WAND 17 on Friday:

The Illinois Department of Natural Resources is teaming up with Illinois State Police to promote hunting safety through the annual Open Range Program on November 14.

Officials say hunters and observers will be invited to ISP ranges in order to check the sighting in their shotguns…

Ranges in Effingham, Pawnee, Pittsfield, Macomb, Joliet, and LaSalle will be open for the program from 8 AM until 4 PM this coming Saturday. For more information, head on over to WAND 17’s website here.

International

Greece’s Government Confiscating Contents Of Bank Safe Deposit Boxes?

Last week, I was working on my offshore asset protection-related projects quite a bit. And here’s something disturbing I noted Friday in a post on Offshore Safe Deposit Boxes that may interest you:

Just when the reputation of bank safe deposit boxes couldn’t get any worse comes this out of Greece. Anthee Carasavva reported on The Times (UK) website back on October 12:

Greece’s government is raiding savers’ safe deposit boxes to raise revenue and stamp out tax evasion.

Tryfon Alexiadis, the deputy finance minister, said yesterday that Greeks owing more than €150,000 in back taxes would be targeted. Those suspected of tax evasion would also come under scrutiny and their bank deposit boxes prised open without notice

“Safe deposit boxes across the country will be subject to these inspections immediately,” Mr Alexiadis told an Athens-based TV network…

(Editor’s note: Bold added for emphasis)

It’s being reported that the tax inspectors could seize half of the cash found, and stocks, bonds, jewelry, and works of art. You can read the entire post in its entirety here on my other blog.

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

Source:

Fusco, Chris and Novak, Tim. “THE WATCHDOGS: A third of Chicago city workers make $100k or more.” Chicago Sun-Times. 7 Nov. 2015. (http://chicago.suntimes.com/news/7/71/1072015/city-haul-3-of-10-chicago-city-workers-make-100000-a-year). 8 Nov. 2015.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



Please Rate this Blog HERE

happyToSurvive

NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC Reviewed HERE. Silver Bars & Coins On Sale! 1 Oz., 10 Oz., 100 Oz., 1 Kilo, Monster Boxes Of 1 Oz. Bars/Coins (500 Ct.)
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE. Presidents' Day Sale! Save Up To 41% Off Wise Emergency Foods
ANY CHARACTER HERE
Food Insurance Reviewed HERE. Buy Select 4-Can Case, Get Free Upgrade To 6-Can Case; Freeze-Dried Food Sampler Pack Now Only $35
<link>Free Pistol Case w/ Bag Purchase @Cheif</link> CHIEF Supply Reviewed HERE. 25% Off Propper Jackets (Code Needed) Thru 2/29; Fieldtex Products 20% Off Thru 2/29; Tru-Spec Tactical 9 Side-Zip Boots Only $55.96
ANY CHARACTER HERE
bullet proof vests BulletSafe Reviewed HERE
ANY CHARACTER HERE
Not all airguns preform the same in colder weather. Click to learn more. PyramydAir.com Reviewed HERE.
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE. 20% Off Any Purchase Over $100 (Code Needed)
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
 

Categories

Archives

Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Related Reading: Vault Security Article By Metropolitan Safe Deposits Of London
    I really haven’t mentioned London, England-based Metropolitan Safe Deposits much on Offshore Safe Deposit Boxes except in conjunction with talk about “Operation Rize.” However, I recently discovered an insightful article on the website of this major player in the U.K. private vault industry. Chief executive Christopher Barrow published “Security is a process, not a product” […]
  • Related Reading: Glasgow Vaults Launch Covered By The Scotsman
    Back on January 20, I alerted blog readers about the opening of a new private vault- Glasgow Vaults- in Scotland’s largest city. Monday morning, I saw an article about the new non-bank safe deposit box facility on The Scotsman (UK) website. Scott Reid reported: What is being billed as “Scotland’s first independent safe deposit box […]
  • Latest Offshore Safe Deposit Box Promotions
    Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promo is displayed): Asia Malaysia mySAFEBOX (Seri Kembangan, Selangor)- “From Jan 11 to Feb 29. Give & Get RM 300 Cash Rebate.” (1/27/16 Facebook post) Titanium Safe Deposit Box (Kota […]
  • Safe Deposit Federation Launched As ‘Self-Regulating Federation Of Independent Safe Deposit Box Companies’
    Since last spring, I’ve been aware of efforts to construct an international trade association for private, non-bank safe deposit box facilities. As recent as last week I discussed the subject. In a January 26, 2016, follow-up post on that series about the 1980s U.S. private vault boom, I blogged: Something else I came across I […]
  • Related Reading: India’s Non-Banking Finance Companies Now Permitted To Offer Safe Deposit Boxes
    Sounds like more safe deposit boxes outside the banking system may be coming online in India soon. Vivina Vishwanathan reported on Livemint.com (website of India’s Mint business newspaper) Monday: Last week, the Reserve Bank of India (RBI) allowed non-banking finance companies (NBFCs) to offer safe deposit locker facilities to customers… Now, with NBFCs allowed to […]