Food

Jim Rogers Predicts ‘A Canned Goods Kind Of Time’ In The Next Few Years

In our present discussion of money/investing matters on Survival And Prosperity I’ve already brought up one “crash prophet” this week in Jeremy Grantham. Today, I want to talk about another “prophet”- investor, author, and financial commentator Jim Rogers.

The former investing partner of George Soros in the legendary Quantum Fund is not as optimistic about the U.S. stock market as his British colleague. Rogers sat down with Pete Sweeney, Asia Editor of Reuters BREAKINGVIEWS, and issued the following warning in a November 22 podcast. From their exchange:

REUTERS: You’ve been predicting of late a big market crash to come. Now, as we have markets hitting new highs every minute it seems and people are shorting volatility indexes apparently. I just want to move us forward a little bit. Let’s assume it does happen next year. Let’s assume all this crazy happiness evaporates in a big disaster. What do you think the strategy is for positioning in terms of assets, regions?
ROGERS: Look, let me make sure that we have it clear. What I have said was, that we will have a bear market again some day. Now, Janet Yellen, the head of the Federal Reserve in America, says we won’t. She says everything is okay now and there won’t be anymore economic problems. I happen to disagree with her, and I know we will have bear markets again. And what I said was, the next one we have when it comes is going to be the worst in your life- the worst in my lifetime. And I think I’m older than you. The reason for that being, 2008 we had a problem- too much debt. We had a problem. The next time around debt, is so, so, so much higher Pete. In the last nine years debt has skyrocketed. So the next time we have a bear market, it’s going to be the worst in my lifetime. I wish I were smart enough to know when.
REUTERS: I’m just saying, for a hypothetical, because you’ve been watching these asset markets, because I hear people talking about this a lot. The question is, how do you make money off of it? You’re an investor. So you short everything? Do you buy canned goods, ammo, stuff? What looks attractive to you, assuming that you’re bearish on this?
ROGERS: Well, I’m not short. I bought stocks this week in China, in Japan, Zimbabwe, Taiwan. So I see opportunities on the long side in markets. Doesn’t mean I’m right. The bear market maybe start today. No, but I see opportunities. But if you’re worried about that you do need to learn how to sell short. Great fortunes can be made in a bear market selling short. I’m not sure canned goods is the place yet. No, no, don’t laugh, because we’re going to have some time in the next few years a canned goods kind of time. We’re going to have serious, serious problems in the world. I’m not sure canned goods is for the next bear market. But it’s… don’t forget your canned goods.

The commodities “guru” is still bullish on agriculture, suggesting:

If you’re worried about the world, and we are going to have a serious bear market, you should think about agriculture. Because agriculture will probably do well. That is a place that will probably disconnect, to use your term, in the next bear market.

The Chairman of Rogers Holdings and Beeland Interests, Inc. elaborated on his new acquisitions, telling listeners:

I bought Japanese ETFs, Chinese ETFs, Taiwan ETFs, and Zimbabwe, the comparable of ETFs in Zimbabwe.

Finally, Rogers shared the following as the interview came to a close:

I own Japanese shares. Am I going to make money? I don’t know. But my view is, the Japanese stock market may go back to its all-time highs. And that would be a double if it does…

At the moment, I still see reasons to be optimistic in some markets that are still very depressed compared to the ones going through the roof.

Good interview questions and even better replies from the Singapore-based Rogers. You can listen to the entire 13-minute interview on the Reuters BREAKINGVIEWS website here.

By 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. Christopher E. Hill, 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 presented on the site.)

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Illinois Governor Talks Taxes In Budget Address

Illinois Governor Bruce Rauner (R-Winnetka) gave his third budget speech on Wednesday, saying the following regarding taxes:

As for revenue, we’ve always said that we’d consider revenue if it comes with changes that create jobs and grow the economy.

The current Senate proposal calls for a permanent increase in the income tax rate but offers only a temporary property tax freeze in exchange. That’s just not fair to hard-working taxpayers across the state.

We need a permanent property tax freeze in Illinois, just like the one the House passed last month. Over time, as our economy grows and revenues expand, any increase in the income tax could be stepped down – dedicating future surpluses to taxpayers, not more government spending.

The current Senate proposal would expand the state’s sales tax to cover everyday services, and raise taxes on food and drugs. We’re open to a broader sales tax base to mirror neighboring states like Wisconsin, but let’s make sure it’s best for the people of Illinois, not for the lobbyists in Springfield. We cannot raise taxes on people’s groceries and medicine – just as we cannot tax people’s retirement incomes. We can find a way to balance the budget without hurting lower-income families and fixed-income seniors…

(Editor’s note: Bold added for emphasis)

In short, Governor Rauner appears to be open to raising the state income tax rate as long as a permanent property tax freeze is implemented. Furthermore, Rauner looks to be open to expanding the state sales tax to various services, but is against raising taxes on food, medicine, and retirement income.

You can read the entire budget address on the Illinois Government News Network website here.

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

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Illinois House Adopts ‘Zombie Preparedness Month’ Resolution, Schedules ‘2nd Amendment Preservation Act’ Hearing

While bills related to the ongoing budget impasse are drawing the bulk of attention these days, there has been activity in the Illinois House of Representatives on two other pieces of legislation that may interest Survival And Prosperity readers.

First, there’s House Bill 413, which seeks to create the “2nd Amendment Preservation Act.” From the Illinois General Assembly website:

Short Description: 2ND AMENDMENT PRESERVATION

House Sponsors
Rep. David B. Reis

Hearings
Judiciary- Criminal Committee Hearing Feb 15 2017 3:00PM Capitol Building Room 114 Springfield, IL

Synopsis As Introduced
Creates the 2nd Amendment Preservation Act. Provides that other than in compliance with an order of a court, notwithstanding any law, regulation, rule, or order to the contrary, no agency of this State, political subdivision of this State, or employee of an agency or political subdivision of the State acting in his or her official capacity shall: (1) knowingly and willingly participate in any way in the enforcement of any federal Act, law, order, rule, or regulation issued, enacted, or promulgated on or after the effective date of the Act regarding a personal firearm, firearm accessory, or ammunition; or (2) utilize any assets, State funds, or funds allocated by the State to local entities on or after the effective date of the Act, in whole or in part, to engage in any activity that aids a federal agency, federal agent, or corporation providing services to the federal government in the enforcement or any investigation under the enforcement of any federal Act, law, order, rule, or regulation issued, enacted, or promulgated on or after the effective date of the Act regarding a personal firearm, firearm accessory, or ammunition…

(Editor’s note: Bold added for emphasis)

Some might ask if this pro-2A legislation is even necessary considering the Republican-controlled Congress and an NRA-backed President who seems to support gun rights.

From what I understand, its purpose is to have something in place to combat some future Oval Office that’s made gun control and civilian disarmament a priority.

As indicated above, a “Judiciary-Criminal Committee Hearing” on Illinois HB0413 has been scheduled for next Wednesday, February 15.

Moving on to Illinois House Resolution 30, seeking to designate October 2017 as “Zombie Preparedness Month” in the state. From the Illinois General Assembly site:

Short Description: ZOMBIE PREPAREDNESS MONTH

House Sponsors
Rep. Emanuel Chris Welch- Grant Wehrli and Tim Butler

Synopsis As Introduced
Designates October 2017 as “Zombie Preparedness Month” in the State of Illinois, and urges all Illinoisans to educate themselves about natural disasters and take steps to create a stockpile of food, water, and other emergency supplies that can last up to 72 hours…

(Editor’s note: Bold added for emphasis)

I just learned this morning that Illinois HR0030 was adopted by the House Thursday.

Now, prior to the adoption of this legislation and even as recent as Friday morning, some are criticizing this resolution as being a distraction from more pressing matters facing the state, like the budget/debt crisis.

I don’t know. While this part of the country is generally thought to be less disaster-prone than other regions, major emergencies and man-made/natural disasters can strike anyplace at anytime. Besides the significant earthquake danger posed to southern Illinois (just blogged about Tuesday), other threats to the state include severe weather, terrorism, nuclear power plant accidents, and economic collapse, among others. And I’m guessing the majority of Illinoisans probably aren’t prepared to deal with any of these.

Since the zombie fad is still “hot” these days, why shouldn’t Springfield capitalize on it NOW and use the Zombie Apocalypse as the vehicle to get Illinois residents prepared for future emergencies/disasters?

Plus, did any critics take a moment to consider it’s possible (likely?) Representatives Emanuel “Chris” Welch (D-Hillside, Grant Wehrli (R-Naperville), and Tim Butler (R-Springfield) were shrewd enough to figure out that introducing this resolution and getting it adopted when they did- in the middle of a raging budget battle- would generate significant publicity about Zombie Preparedness Month?

Query the event in a search engine and you’ll see what kind of attention their action is getting.

All for a good cause, if you ask me.

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

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The Green Suite Of Chicago Offering Window Farming For Beginners, DIY Solar Electricity Classes In March

Nick Conrad and The Green Suite of Chicago (first blogged about here in January 2014) will be offering instruction in “window farming” and solar electricity next month. From their website:

DIY Solar Electricity
Thursday, March 2, 2017
7:00pm -9:00pm
Green House Loft (map)

Class Info

Wouldn’t it be awesome to harness your own electricity from the sun? Solar energy is green, silent and a lot easier to build than you think.

This DIY class will cover the basics of electricity as well as how to design, build, and install your own solar panel system. In addition to solar electricity, we will discuss other sources of renewable energy such as wind and geothermal power. The class concludes with hands-on experience assembling part of an actual solar panel.

You will walk away from this course with the basic knowledge needed to start generating your own solar energy at home…and for a lot less money than you thought!

As I type this, 11 spots are still open for the class. Cost is only $30.

Regarding that window farming class:

Window Farming for Beginners
Sunday, March 5, 2017
3:00pm-5:00pm
Green House Loft (map)

Class Info

Have you always wanted to start a garden but don’t have the space or knowledge? Window farming is inexpensive and easy way to grow your own food right in your window! Constructed from recycled materials, window farms are perfect for small apartments with limited space.

The class consists of a 1hr introduction to the basics of hydroponics, window farming and seed cultivation followed by a thirty-minute workshop. In the workshop you will make a small hydroponic planter to take home with you. Each student should bring one empty plastic bottle. (12-32oz is best)

Anyone can learn how to grow fresh, organic food, hydroponically. Enroll today and you’ll learn how to grow your own food, save money and turn trash into treasure!

What to bring

Each student should bring one empty plastic bottle. (12-32oz is best)

As I type this, 11 spots are still open for the class. Cost again is only $30.

For more information about the instruction and how to enroll, head over to The Green Suite website here. You can also register for classes on the Dabble Chicago website here.

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

(Editor’s note: Posting of information about any instruction is not to be construed as being a recommendation from this blog and its editor, unless specifically indicated. 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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Northwestern Chicago Survival Expo In Grayslake On March 18-19

Any Chicagoland readers interested in attending a local prepper/survival expo next month? I spotted the following on the RK Prepper Shows website this cold Friday morning:

Northwestern Chicago Survival Expo

Tickets Now on Sale!

Are you ready for a natural disaster? Could you survive for days, weeks or months without power? If you have thought about what it means to prepare for the worst, the RK Prepper Shows Survival Expo is for you. Vendors will be on-site March 18th-19th at the Lake County Fairgrounds in Grayslake, IL. Long term food storage, solar power, bug-out kits, tactical gear and so much more will be available to purchase.

Hours:

Saturday Hours: 9-5pm
Sunday Hours: 9-4pm

Tickets:

Adults: $12, VIP: $14.50 – no line, no wait
Kids: $5, VIP: $7.50 – no line, no wait…

A “Medical Preparedness Workshop” headed-up by two authorities in the field of survival medicine will also be held in conjunction with the event:

Medical Preparedness Workshop*

Learn how to provide complete wound care with hands-on suture training, as well as stapling with Dr. Bones and Nurse Amy, medical preparedness experts from http://www.doomandbloom.net/.

*Extra Charge, class limited to 30, does not include tickets to the Prepper Show…

Joe Alton, M.D. (“Dr. Bones”) and Amy Alton, A.R.N.P., (“Nurse Amy”) are authors of the Amazon “Best Seller” The Survival Medicine Handbook: A Guide for When Help is Not on the Way, now in its second edition.

I own a copy myself. It’s chock-full (588 pages) of terrific information for dealing with most medical issues one might face in a survival situation.

Interested in checking out the Northwestern Chicago Survival Expo? Head on over to the RK Prepper Shows website here for more information.

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

(Editor’s note: Posting of information about survival expos and instruction is not to be construed as being a recommendation from this blog and its editor, unless specifically indicated. 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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Signs Of The Time, Part 112

Regular readers of Survival And Prosperity know that I’ve been covering “prepping” on this blog for some years now.

And recently, I’ve been curious about the specific activities “preppers” have been carrying out in the run-up to Election Day.

Apparently (and not surprisingly), acquiring (more) emergency food has been a priority for these forward-looking individuals.

Ben Popken reported on the NBC News website this past weekend:

In case of an election night Doomsday, preppers are running up sales of emergency survival food.

While sales for “long term food” typically see an increase around natural disasters and elections, “this is more intense than what we saw in 2012,” said Keith Bansemer, VP of marketing for My Patriot Supply, a manufacturer and seller of survival food. During the previous election his company saw sales double. This time it’s triple.

“We have everyone we can on the phones,” he said. “We are overwhelmed.”

Purchases at other long term food supply companies are up as well. Emergency preparedness online store TheEpicenter reports a 6 percent uptick in year over year sales.

Another company, Legacy Foods, predicts they’ll see a 1-2 week spike in sales after the election — if Hillary Clinton wins, said owner Phil Cox…

(Editor’s note: Bold added for emphasis)

Popken pointed out what’s spurring preppers to purchase “long-term” food:

Survivalist consumers say they’re preparing for post-election unrest that could involve everything from massive riots, to power grid outages, to the total collapse of the financial system where a can of food becomes currency

(Editor’s note: Bold added for emphasis)

“Post-election unrest”

Talk of such an event has increased in the months leading up to today, so much so that the Oath Keepers, “a non-partisan association of current and formerly serving military, police, and first responders, who pledge to fulfill the oath all military and police take to ‘defend the Constitution against all enemies, foreign and domestic,'” (first blogged about here back on August 12, 2011) just conducted a webinar “that went over strategies for avoiding and surviving social unrest in the streets including rioting and police reaction to that possible unrest. We talked about family preparedness plans if there were God forbid be a terrorist attack on our soil. These included communications, bug out bags, medical considerations, recognition of tactics that various terrorist organizations may use in that scenario and many more topics spoken on by several expert speakers.”


“Civil Unrest Post Election Scenarios & Preparation”
YouTube Video

Popken’s article was an insightful read- and not a “hit piece” either- which you can view in its entirety over on the NBC News site here.

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

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Resource Of The Week: In The Rabbit Hole Urban Survival Podcast

In yesterday’s post I talked about modern survivalist Jack Spirko and his advice for dealing with this election cycle’s intensifying insanity. I mentioned Spirko is the long-time host of The Survival Podcast, which I named a “Resource Of The Week” all the way back on March 4, 2011. Great stuff, and I still cherry-pick from the latest episodes posted on the TSP website on a regular basis.

There’s one other prepper/survival-related podcast I listen to these days:

In The Rabbit Hole Urban Survival Podcast

From the podcast section of the ITRH website:

After years of being frustrated that no one was fully addressing the concerns of urban survivalists, Aaron [Frankel] and Jonathan [Kanarek] took to the web and founded In The Rabbit Hole in February of 2010. Shortly after they’re long time friend and accomplice Jason joined the show to add a touch of “Red Neck Cajun”. Since then the show has enjoyed many great guests and a wide range of topics.

They are three city boys with a lifetime affinity for the outdoors, but a love of the city, passion for survival topics, and Libertarian Ideals…

“In The Rabbit Hole is about focusing first on the things that matter most: What’s likely to happen. Then preparing for it in a rational and productive way.”

These priorities of urban survival come from the focal points of Community, Health and Intelligence–referred to as “Survival CHI”.

Through a weekly podcast and articles, Aaron, Jonathan, and Jason remind people to “Stay safe and sound”. (Safe in person and sound in mind.)

From the Lone Star State, the trio reach out to people who are interested in taking personal responsibility for their own safety and well-being…

…And who just happen to live in the city.

While not a “long-time listener” to the podcast, I’ve noticed it’s not just urban preppers/survivalists who could learn a thing or two from the material presented. The ITRH site adds:

Hosts Aaron, Jason, and Jonathan cover topics such as:

Self Sufficiency
Food Storage
Homesteading in the city
Survival Book, Video, and Gear Reviews
Starting Off as a New Prepper
Financial Survival
Self Reliance
Preparing for Natural Disasters
Emergency Medicine
Firearms, Guns, and things that go bang
Self Defense
Disaster Psychology

Surveying the latest episodes listed on the ITRH website, episode 191, “Surviving Refugee Hell” (posted October 17)- with James Price, Founder/Director of Humanitarian Aid Security Forces (HASF)- sounds like my next listen.

Interested in tuning-in too? Head on over to the In The Rabbit Hole Urban Survival Podcast website here.

But before you do, there’s also this from the ITRH gang:

Not sure where to begin?

Two of ITRH’s most acclaimed episodes that paint a clear picture of what the Podcast is about are:

TEOTWAWKI Reality Check: What do you really need to be prepping for.

Survival CHI- Reloaded: The foundational principles of ITRH.

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

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

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