Europe

Status Of West Coast Earthquake Early Warning System

The other week, I was pondering my options for “Resource Of The Week” on Survival And Prosperity.

Considering all the recent headlines about earthquakes, I decided I would look for some sort of earthquake early warning notification system for those living and working on the West Coast.

The best I could do was the U.S. Geological Survey’s Earthquake Notification Service (ENS), “a free service that sends you automated notification emails when earthquakes happen in your area.”

A noble effort, but basically, no earthquake early warning system in place then.

What a shame, considering the warnings of numerous experts about the inevitability of a major trembler striking the West Coast of the United States down the road.

The foundation for such a system is being laid, however. From Tiffany Wilson on the wesbite of San Francisco ABC affiliate Channel 7 yesterday:

UC Berkeley has been working for years to build an earthquake warning system on the West Coast. The same kind of system that helped prevent Mexico’s 7.2 magnitude earthquake on Friday from landing a bigger punch than it did.

California still doesn’t have one of these systems in place. Last year, Gov. Jerry Brown signed legislation that mandates California build one of these systems, however that bill did not include anything about funding

Right now, the UC Berkeley Seismological Lab has a test version of what the earthquake warning system would look like.

The system would send an alert to your cellphone, giving you precious seconds to find safety.

[UC Berkeley Seismological Lab spokesperson Jennifer] Strauss says it would cost about $82 million up front to build and $12 million annually to maintain…

(Editor’s note: Bold added for emphasis)

Wilson also added in her piece that Japan, Mexico, Turkey, and Romania have “similar or advanced warning systems” in place already.

In fact, viewers of one Mexico City TV program got to see the system work during last week’s quake:


“Así sintieron el sismo en Foro TV”
YouTube Video

I really hope some sort of earthquake early warning notification system is funded and operational before the U.S. West Coast suffers significant loss of life, limb, and property from a major shake.

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

Source:

Wilson, Tiffany. “UC Berkeley working to build earthquake warning system.” ABC 7. 21 Apr. 2014. (http://abclocal.go.com/kgo/story?section=news/local/east_bay&id=9511499). 22 Apr. 2014.

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While Ebola Grabs The Headlines, Coronavirus Makes A Comeback In The Middle East

While I’ve been blogging about the Ebola outbreak in West Africa (121 dead last last I heard), I’ve noticed a different virus that I’ve talked about before is making a comeback further east. Deema Almashabi and Oliver Staley reported earlier today on Bloomberg.com:

The government of Saudi Arabia is trying to reassure its citizens that the most recent outbreak of a respiratory virus isn’t a cause for alarm following 16 new cases, including two deaths, reported in the last nine days.

The Saudi health ministry sent text messages through local carriers yesterday asking the country’s 30 million residents to check its website, call a free hotline and check its official Twitter account for updates on the coronavirus, which causes Middle Eastern respiratory syndrome or MERS…

Almost 230 people are known to have been infected since the virus emerged in Saudi Arabia two years ago, and 92 of them have died, according to the World Health Organization. Much about the disease and how it’s transmitted is still unknown…

(Editor’s note: Bold added for emphasis)

The first time I discussed the coronavirus on Survival And Prosperity, the attention hadn’t yet focused on the Middle East. Rather, it was on Europe. I blogged on February 18, 2013:

Novel coronavirus (NCoV). A SARS-like virus I’ve been hearing more of recently. And of particular concern to the World Health Organization (WHO). From a February 16 posting on the “Disease Outbreak News” section of their website:

The United Kingdom (UK) has informed WHO of another confirmed case of infection with the novel coronavirus (NCoV). This is the third case confirmed in the country this month and is in the same family cluster as the two recently confirmed cases.

The latest confirmed case does not have recent travel history outside the UK. The case is recovering from mild respiratory illness and is currently well.

The confirmation with NCoV in this case with no recent travel history indicates that infection was acquired in the UK. Although this new case offers further indications of person-to-person transmission, no sustained person-to-person transmission has been identified

As of 16 February 2013, WHO has been informed of a total of 12 confirmed cases of human infection with NCoV, including five deaths…

WHO does not advise special screening at points of entry with regard to this event nor does it recommend that any travel or trade restrictions be applied.

WHO continues to closely monitor the situation.

(Editor’s note: Italics added for emphasis)

12 confirmed cases of this new coronavirus. 5 deaths.

The vibe I’m getting from public health circles is that human-to-human transmission of NCoV is pretty difficult, so there’s not much worry of a pandemic at this point in time.

Still, like the WHO suggested in their bulletin, it’s something worth keeping an eye on. People infected with the novel coronavirus have developed acute respiratory illness with symptoms of shortness of breath, cough, and pneumonia. There are no specific treatments for the illnesses caused by the virus.

By last summer, the coronavirus that now had a foothold in the Middle East was being called MERS, or MERS-CoV on the Centers for Disease Control and Prevention website.

Coronavirus/Novel coronavirus/MERS/MERS-CoV- something to keep an eye out for in addition to Ebola.

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

Source:

Almashabi, Deema and Staley, Oliver. “Saudi Arabia Seeks to Ease Concerns After New MERS Cases.” Bloomberg.com. 15 Apr. 2014. (http://www.bloomberg.com/news/2014-04-15/saudi-arabia-seeks-to-ease-concerns-after-new-mers-cases.html). 15 Apr. 2014.

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Tuesday, April 15th, 2014 Africa, Europe, Health, Middle East No Comments

U.S. Security Experts Wary Of American Fighters Returning From Syrian Civil War

Back on December 2, I blogged:

I suspect it’s only a matter of time before the U.S. homeland is attacked once again by Al-Qaeda (major operation), an affiliate, or sympathizers.

Complicating matters is the potential for radicalized Americans and European Union member state passport-carrying jihadists fighting in Syria’s civil war soon being part of this fray…

These radicalized foreign fighters were the focus of a piece that appeared on the International Business Times (UK) website Sunday. Tom Porter reported:

Experts have warned that a terrorist attack by jihadists returning radicalised from the war in Syria is “inevitable”.

It is believed that hundreds of British citizens have fought in the three-year Syrian conflict, with many taking up arms for Islamist groups.

Some have posted videos online, boasting of their exploits.

There are growing fears among security services that returning fighters with combat experience are poised to launch terrorist attacks in the UK. The Telegraph reports that around 250 Syria veterans may be back in the country.

Ahead of a discussion on Syrian fighters at Chatham House this week, Raffaello Pantucci, senior research fellow at the Royal United Services Institute, spoke of the growing danger.

“It seems almost inevitable that some sort of a threat back to the UK will come off the battlefield in Syria, something supported by the fact that security services in the UK believe they have already disrupted at least one plot with links to Syria,” he told the Independent on Sunday.

Last year, security forces are reported to have foiled a Mumbai-style plot, involving killing civilians with guns in central London, which involved Syria veterans

(Editor’s note: Bold added for emphasis)

Even though Porter talked about the U.K., Syrian Civil War veterans who fought alongside Islamists will also be returning to the United States.

And U.S. security experts are wary of them.

Henry Austin and Charlene Gubash reported on the NBC News website back on February 15:

Foreign fighters returning home to the U.S., Britain and other countries after honing their skills in Syria’s civil war are posing a “nightmare for security services,” experts and officials say.

About 11,000 people have crossed into Syria seeking to help topple President Bashar Assad’s regime – including about 60 who are believed to have traveled from America. However, many have now been left disillusioned by bitter infighting between rival rebel groups and some have given up their weapons and returned to the West.

Homeland Security Secretary Jeh Johnson earlier this month said that the U.S. government was “very focused” on the issue of militants returning to the country.

“Based on our work and the work of our international partners, we know individuals from the U.S., Canada and Europe are traveling to Syria to fight in the conflict,” he added.

Raffaello Pantucci, a senior research fellow at London’s Royal United Services Institute think tank, said recent history shows that “battlefields that have Sunni jihadist ideology have produced some sort of a threat.”

“It’s not true to say that all of those returning from Syria will come back and be a terrorist threat,” Pantucci added. “Perhaps a couple of them will, which makes it a nightmare for security services to track.”

(Editor’s note: Bold added for emphasis)

Some suspect Muslim extremists have been trying hard to recruit Western Caucasian members for some time now to use in terrorist operations against the United States and its allies in the “War On Terror.”

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

Sources:

Porter, Tom. “Experts Warn of ‘Inevitable’ UK Terror Attack By Returning Syria Jihadis.” International Business Times. 6 Apr. 2014. (http://www.ibtimes.co.uk/experts-warn-inevitable-uk-terror-attack-by-returning-syria-jihadis-1443631). 7 Apr. 2014.

Austin, Henry and Gubash, Charlene. “Syria’s American-Born Rebels Pose National Security ‘Nightmare’.” NBC News. 15 Feb. 2014. (http://www.nbcnews.com/news/mideast/syrias-american-born-rebels-pose-national-security-nightmare-n29451). 7 Apr. 2014.

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Resource Of The Week: StartPage Private Search Engine

I don’t know about you, but I’m incredibly concerned about privacy going extinct in America.

Not that I engage in any criminal activity. I just tend to be a private person by nature.

And I think anything that can be done to reinforce and strengthen whatever privacy citizens still have left in the United States is a terrific thing.

Now let me take a selflie.

Enter StartPage, billed as “the world’s most private search engine.”

From their “About” page:

StartPage protects your privacy!

StartPage does not collect or share any personal information!

StartPage offers you Web results from Google- the world’s most popular search engine.

When you search with StartPage the Web results are generated by Google. This offers you the search results and search features you may have grown accustomed to.

A Unique Combination

On StartPage the privacy of Ixquick is combined with the Web search results from Google. The combination of these two features is what makes StartPage so special.

You can continue using the Web results from the world’s most popular search engine but now under the privacy protection of Ixquick, the world’s most private search engine…

At the bottom of the search engine’s home page there’s a box proclaiming:

Take a deep breath. You’re safe here.

Click here to learn the top 10 ways StartPage protects your privacy.

The “top 10 ways” include:

1. StartPage doesn’t store your IP address, use tracking cookies, or make a record of your searches…

2. StartPage protects you from NSA surveillance and spying…

3. StartPage gives you 100% real Google results in complete privacy…

4. StartPage is a Dutch company, so it is not under US jurisdiction…

5. StartPage offers a free proxy with every search…

6. StartPage is third-party certified for privacy…

7. StartPage has been doing privacy longer than anyone else – since way before privacy was “cool”…

8. When it comes to security, StartPage runs the tightest ship on the Internet…

9. StartPage breaks you free of the search engine “Filter Bubble”…

10. By using StartPage, you send a powerful pro-privacy message in the marketplace…

I’ve been using StartPage for a while now ever since my girlfriend introduced it to me some time back. It’s very good.

The only issue I have with the search engine is that it doesn’t seem to bring up as many results as Google does.

Still, it’s a lot more private.

Give StartPage a try here.

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

(Editor’s note: Link added to “Resources” page)

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Jim Rogers: ‘This Is The Time To Buy Russia’

Investor, author, and financial commentator Jim Rogers has been bullish on Russia for some time now. In fact, by the time I first blogged about his optimism for the country back in February 2013, he had already invested there.

Despite the recent crisis in the Crimea and subsequent sell-off of Russian assets by international investors, the former investing partner of George Soros hasn’t changed his mind about the former Communist nation. Gertrude Chavez-Dreyfuss and Daniel Bases reported on the Reuters website Sunday:

“Russia’s stock market right now is one of the cheapest in the world, and probably one of the most hated,” said investor and commodities guru Jim Rogers, chairman of Rogers Holdings, in Singapore. “This is the time to buy Russia.”

(Editor: Bold added for emphasis)

Chavez-Dreyfuss and Bases added later in the piece:

Rogers, who has been investing in Russia for the last 1-1/2 years, said he bought Russian stocks last week. He said if more sanctions are imposed and the equities market declines further, there would be more buying opportunities in Russia.

Rogers said he is looking for non-energy companies – a tall order considering the RTS Index of 51 leading Russian companies is heavily skewed toward energy (58 percent of the index) and basic materials (13 percent)…

(Editor: Bold added for emphasis)

In January 2013, the Singapore-based investor identified Russia as one market holding the best prospects for investors. Next month, Rogers made it known he had bought Russian bonds and currency. By September, he revealed he had also bought Russian ETFs, but explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

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:

Chavez-Dreyfuss, Gertrude and Bases, Daniel. “Analysis: Russia sell-off spurs hunt for bargains.” Reuters.com. 30 Mar. 2014. (http://www.reuters.com/article/2014/03/30/us-emergingmarkets-russia-investing-anal-idUSBREA2T03720140330). 31 Mar. 2014.

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President Obama: ‘Nuclear Weapon Going Off In Manhattan’ Top U.S. Security Threat

Occasionally, I blog about the threat of nuclear terrorism for the United States.

Earlier today, President Barack Obama spoke at a news conference while attending the Nuclear Security Summit 2014 in Holland. The U.S. President brought up the danger of a nuclear device being detonated in one of America’s major cities. From a transcript provided by the Federal News Service:

And so my response then continues to be what I believe today, which is Russia’s actions are a problem. They don’t pose the number-one national security threat to the United States. I continue to be much more concerned when it comes to our security with the prospect of a nuclear weapon going off in Manhattan, which is part of the reason why the United States, showing its continued international leadership, has organized a forum over the last several years that’s been able to help eliminate that threat in a consistent way…

(Editor’s note: Italics added for emphasis)

Think he knows something the majority of Americans don’t?

Personally, I’d be hard-pressed to live in or around New York City or Washington, D.C., if you catch my drift…

You can read the entire transcript on The Washington Post website here.

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

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Tuesday, March 25th, 2014 Europe, Foreign Policy, Government, Terrorism No Comments

Chicago To Host Nuclear Security Summit 2016

This morning, I found out Chicago will be hosting another international summit two years from now. Stacy St. Clair reported on the Chicago Tribune website a short time ago:

President Barack Obama will host the next nuclear security summit in Chicago in 2016, once again gathering world leaders in his hometown for a major international event.

Obama made the announcement this morning at the end of this year’s summit in the Netherlands, where the leaders from 53 countries participated. The exact date has not been announced.

This would be the second major international gathering held in Chicago during Obama’s presidency. In 2012, the city hosted a NATO summit that drew representatives from more than 60 countries as well as a sizeable group of protestors from around North America…

Ah yes, the protesters. I’m sure the Chicago Police Department are thrilled to hear of this announcement.

Here’s some video of the “civil disobedience” taking place at this year’s Nuclear Security Summit at The Hague:


“The Netherlands: Nuclear Security Summit draws protests”
YouTube Video

Not much unruliness going on from what I can see. Still, two years from now economic conditions may be significantly worse, with the gathering serving as a focal point for increased discontent.

For all you Chicagoans hoping to get out of Dodge during the summit, like St. Clair said, nothing’s been scheduled yet. However, the prior three summits have all taken place in late March-first part of April, if that helps.

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

Source:

St. Clair, Stacy. “Obama to host nuclear security summit in Chicago in 2016.” Chicago Tribune. 25 Mar. 2014. (http://www.chicagotribune.com/news/local/breaking/chi-obama-to-host-nuclear-security-summit-in-chicago-in-2016-20140325,0,5154031.story). 25 Mar. 2014.

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Jeremy Grantham: Bonds Dangerous, U.S. Stocks Not In Bubble, Sees Value In Foreign Stocks

I just got finished reading an interview of British-born investment strategist Jeremy Grantham on the Barron’s website. I’ve been so busy lately I haven’t gotten the chance to read his latest investment newsletter, but here’s what the founder and former chairman of Grantham, Mayo, Van Otterloo & Co. (GMO) is saying these days about bonds, a U.S. stock bubble, and potential investment opportunities out there:

Bonds

They look absolutely, nerve-rackingly overpriced, and in a crisis, who knows what will happen to those securities? They could make stocks look like a safe haven if the next bust occurs at the federal levels of the large countries. Bonds, including government bonds, are a lot more dangerous than people imagine.

U.S. Stock Bubble

We are not even that close to a bubble… They’re 65% overpriced. If they go up another 30%, you would have a true bubble, at which point stocks would be close to twice their fair value. Similarly, in 2000, stocks were more than double their fair value. So they are quite capable of doing that. But my point is that with the professionals getting reinforced by the Fed going back to 1994, it will be very surprising if they don’t keep on playing this game until the market at least hits a classic bubble definition. Bubbles don’t usually stop until sensible investors, value investors, and prudent investors have been hung out to dry and kicked around the block. That hasn’t happened yet, so that tells you there is probably quite a bit left in this rally.

Potential Investment Opportunities

Because of some secondary factors, there are pockets of global equities that haven’t been swept along to anywhere near bubble territory. Emerging markets collectively are selling at very close to fair value. And the value stocks in most of Europe are pretty close to fair value. High-quality stocks in the U.S. are not nearly as bad as the rest of the market. So you can patch together global equities and get a semi-respectable-looking portfolio…

(Editor’s note: Italics added for emphasis)

You can read the entire interview here on the Barron’s website. It’s a good one.

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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Welcome To Cold War 2

There’s been quite a bit of talk in the mainstream media these days about Russia and the United States being in a new “Cold War.”

As if the Syrian crisis didn’t provide a hint.

In “honor” of Cold War 2, I thought I’d bust out this Elton John classic for readers (I’ve never been a big fan of Elton John, but liked this tune since I first heard it back in the mid-eighties):


Elton John, “Nikita” (1985)
YouTube Video

Even though I first saw this video in 1985, it took me 29 years to realize Elton John was operating the windows of the Rolls Royce Corniche as if the convertible top was on. It wasn’t. Funny guy.

And because I didn’t see the film version of Tommy until 1994, I didn’t realize John had reprised his role as The Pinball Wizard when I first watched the music video on MTV 9 years earlier.

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

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Crimea Crisis

I spotted the following (creator unknown) last week regarding the crisis in the Crimea:

Crimea Humor

I don’t know about you, but I think it’s a pretty good depiction of what’s happened to date.

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

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Wednesday, March 19th, 2014 Europe, Foreign Policy, Government, Humor No Comments

How Prepping Saved Many Alsatian Jews From the Nazis

Back when I was in high school, I was given an assignment that involved researching my family’s history. I decided to talk to my grandmother about the project, and she provided me a good deal of information. I knew we had been around Chicago since its early years. And that my family came from a number of Western European countries prior to that, including a branch that resided in the region of Alsace-Lorraine- sometimes a part of France, other times Germany. It was these ancestors I thought of the other day when I stumbled upon a November 10, 2013, article in The Times Of Israel entitled “Anticipating the Nazis, Alsace Jews prepared for the worst.” Cnan Liphshiz wrote:

His hearing isn’t what it used to be, but Georges Loinger still remembers Adolf Hitler’s voice emanating from the radio at his Strasbourg home.

Growing up in the heavily Germanic Alsace region of eastern France, Loinger and his family tuned in regularly to broadcasts of Hitler’s speeches. They heard his “electrifying voice” and the plans he had in store for the Jews of Europe.

So when the Nazis’ anti-Jewish propaganda turned to deadly violence on Kristallnacht, the pogrom unleashed on the Jews of Germany and Austria 75 years November 10, the Jews of Strasbourg were ready.

“We had read Nazi propaganda,” said Loinger, 103, who fought in the French resistance. “We spoke to hundreds of Jewish refugees from Germany. We knew what was coming.”

Historians say the knowledge, unusual for Jewish communities outside Germany and Austria, made the 20,000 Jews of Alsace and nearby Lorraine better prepared to face the forthcoming Nazi occupation.

The community was able to help German Jews, hide heritage assets and private possessions and, most important, survive. Ten percent of the Jewish population of Alsace and Lorraine perished in the Holocaust, compared to 22 percent elsewhere in France…

(Editor’s note: Italics added for emphasis)

Liphshiz pointed out that between 1934 and 1941, Alsatian Jews banded together to protect themselves and help others in advance of and at the onset of the Nazis arrival in the region.

Lucien Lazare, a historian at Yad Vashem, Israel’s national Holocaust museum in Jerusalem, was also quoted in the piece. Lazare’s family was one of those living in the area prior to the German takeover. Liphshiz added:

Like many Alsatian Jews, Lazare’s family sold their home and other valuables months before the Nazi invasion. Within hours of the arrival of the German army in 1940, the family was prepared to go into hiding

(Editor’s note: Italics added for emphasis)

Great article. With plenty of valuable lessons applicable to preppers today, including:

• Keep up on current events (while filtering out the nonsense, of course)
• Seek knowledge about possible threats
• Put together a plan
• Be mentally-prepared to follow through with the plan
• And last but not least, take care of the community and others seeking help when possible

You can read the rest of Liphshiz’s article on The Times Of Israel website here.

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

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Wednesday, March 5th, 2014 Europe, Preparedness, War No Comments

HSBC: China, Not Investment Demand From West, Now Steering Gold Prices

Sounds like China may be firmly in the driver’s seat these days when it comes to steering gold prices. Yue Li reported in The Wall Street Journal’s MoneyBeat blog this morning:

China’s buying of gold jewelry, coins and bars is now the biggest driver of prices, not investment demand from the West, according to HSBC Global Research.

“We would argue that physical demand trends in the emerging world will largely define gold’s price movements this year,” HSBC analysts James Steel and Howard Wen said in a research note.

China alone can take up the equivalent of half of the global gold mine output, while a possible recovery in Indian demand could also act as a boost for the yellow metal as long as the Indian authorities reduce import tariffs on gold.

Investment demand, typically coming from gold exchange-traded funds, had long been considered the sole reason behind the gold’s decade-long bull run…

(Editor’s note: Italics added for emphasis)

Long-time observers of gold have recognized China’s growing influence in this market.

A question that’s probably on their minds is, will Chinese demand continue to steer prices?

Consider what Jennifer Schonberger wrote on the FOX Business website back on February 21:

China overtook India last year as the world’s largest buyer of physical gold, according to the World Gold Council. In 2013, Chinese demand for gold bars, coins and jewelry soared 32% to a record high, as China imported 1,066 metric tonnes of the precious metal, or more than one third of the 2,968 metric tonnes of gold produced globally.

And last year’s record wasn’t a one-hit wonder. This year, the World Gold Council expects China to remain the world’s largest consumer of physical gold. While down slightly from last year’s record level, the research body projects China will still gobble up a robust 1,000 tonnes to 1,100 tonnes of gold in 2014. China accounts for roughly 25% of global demand for gold and is likely to boost its share in coming years. The stock of gold in China is less than half of India and consumption per head in China is still catching up to other markets.

The Chinese gold rush comes after China’s government lifted restrictions on gold ownership. Until 2002, Beijing barred citizens from owning gold bars and coins. Culturally there’s been an appreciation for gold for a long time in China, but citizens weren’t able to access it to the extent they have over the past 12 years. Now that China has lifted restrictions, the government has unleashed pent-up demand…

I blogged last April what the demand for the precious metal has looked like in China at times.

In the meantime, the financial mainstream media here in the West keeps running pieces about gold’s imminent demise. And no doubt plenty of Americans will keep believing it.

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

Sources:

Li, Yue. “China Now Biggest Driver of Gold Prices, HSBC Says.” MoneyBeat. 4 Mar. 2014. (http://blogs.wsj.com/moneybeat/2014/03/04/china-now-biggest-driver-of-gold-prices-hsbc-says/). 4 Mar. 2014.

Schonberger, Jennifer. “Going for the Gold: Chinese Demand Could Be Gold’s Long-Term Bid.” FOX Business. 21 Feb. 2014. (http://www.foxbusiness.com/investing/2014/02/21/going-for-gold-chinese-demand-could-be-golds-long-term-bid/). 4 Mar. 2014.

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Quotes For The Week

“After the Russian Army invaded the nation of Georgia, Senator Obama’s reaction was one of indecision and moral equivalence, the kind of response that would only encourage Russia’s Putin to invade Ukraine next.”

-2008 Republican vice-presidential nominee Sarah Palin, speaking at a rally in a Reno, Nevada, on October 21 of that year

“Back in 2008, I accurately predicted the possibility of Putin feeling emboldened to invade Ukraine because I could see what kind of leader Barack Obama would be. The bullies of the world are always emboldened by indecision and moral equivalence. We can expect more of this sort of thing in a world where America is gutting its military and ‘leading from behind.’”

-Sarah Palin, speaking to Todd Starnes of FOX News Friday

Speak softly and carry a big stick, my friends.

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

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MarketWatch On Jim Rogers: ‘Signs Are Suggesting He’s Right In His Gloomy Prognostication On Food Supplies’

I started blogging about investor, author, and financial commentator Jim Rogers back in the summer 2007, right after launching Boom2Bust.com, “The Most Hated Blog On Wall Street.” Rogers- who correctly called the commodities rally in 1999- was already talking up agriculture as a great investment opportunity seven years ago.

Time and time again on this blog, I’ve noted how bullish the former investing partner of George Soros is about the sector.

And yesterday, the financial website MarketWatch concluded the Singapore-based investor might be on to something.

From Karen Friar on The Tell blog:

What makes today’s comments more pointed is that signs are suggesting he’s right in his gloomy prognostication on food supplies.

Severe weather of different kinds, production constraints and other factors are pushing up prices of beef, bread and other staples (read: 10 foods eating into your budget). Plus, California — the U.S.’s agricultural heartland — won’t get any irrigation water this summer, despite being gripped by a drought. That should end up hitting consumer wallets, too. And even the crisis in Ukraine could end up putting pressure on grain markets…

(Editor’s note: Italics added for emphasis)

Naysayers love to bash Mr. Rogers and his investment predictions, trying to “call the game while it’s still in the early innings” (the same happens to fellow “crash prophets” Marc Faber and Peter Schiff- just look at the CNBC.com comments section underneath an article written about any one of the three). But I remember a British publication analyzing the outcome of his investing calls after he made that gloomy British pound forecast a few years back, and determining that more often than not Rogers is correct.

Chalk another one up for the CEO of Rogers Holdings and Beeland Interests, Inc.? I think it’s a little too early still to give Rogers full credit, but based on his track record I have a feeling he’ll get this agriculture call right too.

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

Source:

Friar, Karen. “Jim Rogers: Want to make money? Drive a tractor.” The Tell. 25 Feb. 2014. (http://blogs.marketwatch.com/thetell/2014/02/25/jim-rogers-want-to-make-money-drive-a-tractor/). 27 Feb. 2014.

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Quote For The Week

“I’ve said it before, but if Barack Obama had been president instead of Ronald Reagan, I’d still be a citizen of the Soviet Union.”

-Garry Kasparov, Russian (formerly Soviet) chess Grandmaster, former World Chess Champion, writer, and political activist, in a February 22 “tweet”

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

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Christopher E. Hill, Editor
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