Government

Over 102,000 Illinois Concealed Carry Licenses Applied For In 2014

Curious as to how the new concealed-carry permit program in Illinois did in 2014? Me too. The last time I blogged about the new Illinois Concealed Carry Licenses was back on August 11, when the initial surge of applications was finally settling down. Molly Parker reported on the The Southern Illinoisan (Carbondale) website on August 10:

The state issued a total of 68,549 permits statewide between February and July according to state statistics provided by Rep. Brandon Phelps, D-Harrisburg, one of the new law’s chief architects…

North of 68,000 concealed-carry licenses issued. Not too shabby.

But then I saw the following on the shooting sports news website AmmoLand.com earlier this evening. From Illinois State Rifle Association executive director Richard Pearson in his “Director’s Message” for January 2015:

Last week I learned there were over 102,000 concealed carry licenses that had been applied for (we made the 100,000 goal for applications the first year). That means over 102,000 people have gone through training in less than a year. That does not count all the instructors who have also received instructor training, and those family and friends that have learned from the new Illinois Concealed Carry License holder. Then there are those who have received more advanced training.

I estimate that around 500,000 people in Illinois are newly exposed to firearms and firearm safety. That is significant…

(Editor’s note: Bold added for emphasis)

Over 100,000 concealed-carry license applications submitted in the initial year for the program. That’s pretty impressive.

And streets in the “Land of Lincoln” aren’t running with rivers of blood. Even more amazing (wink).

You can read the rest of Pearson’s piece on the AmmoLand website here.

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

Source:

Parker, Molly. “Process for getting a concealed-carry permit eases.” The Southern Illinoisan. 10 Aug. 2014. (http://thesouthern.com/news/local/process-for-getting-a-concealed-carry-permit-eases/article_0d899d36-b9bc-5500-b3b8-3ffe754ca49c.html). 2 Jan. 2015.

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Friday, January 2nd, 2015 Firearms, Government, Self-Defense, Training No Comments

Happy New Year

Just wanted to wish Survival And Prosperity readers a Happy New Year if you celebrate it on January 1.

In 2015, I’ll be striving to provide even more insight on this blog into “protecting and growing self and wealth in these uncertain times.”

Speaking about “uncertain times,” I still see America’s “financial reckoning day” down the road. I wish it wasn’t so, I don’t see it being the end of the world, but I believe the point-of-no-return for fixing what’s wrong has come and gone.

Regrettably, Washington and the Fed papering over the mess that became readily apparent to many by the autumn of 2008 only makes the coming crash that much more ugly.

Life is going to get a whole lot tougher for many Americans very soon. If I could have one more wish for the new year besides peace and prosperity for all mankind, it would be this:

Take advantage of this relative calm before the storm to try and blunt the pain I see ahead of us.

As such, I’ll be there in 2015 to point out signs of the coming carnage and to share insights into maintaining/improving one’s way of life in the face of such adversity.

Happy New Year,

Christopher E. Hill
Editor

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Signs Of The Time, Part 79

Not really surprised to hear of the following coming out of the “Big Apple.” Larry Celona, Shawn Cohen, and Bruce Golding reported over on the New York Post website last night:

It’s not a slowdown — it’s a virtual work stoppage.

NYPD traffic tickets and summonses for minor offenses have dropped off by a staggering 94 percent following the execution of two cops — as officers feel betrayed by the mayor and fear for their safety, The Post has learned…

Angry union leaders have ordered drastic measures for their members since the Dec. 20 assassination of two NYPD cops in a patrol car, including that two units respond to every call.

It has helped contribute to a nose dive in low-level policing, with overall arrests down 66 percent for the week starting Dec. 22 compared with the same period in 2013, stats show…

(Editor’s note: Bold added for emphasis)

A number of observers claim Bill de Blasio ran his campaign for Mayor of New York City on an anti-police platform.

And he was subsequently elected.

It’s also been pointed out that anti-cop sentiment could be found among/around de Blasio staffers. Chuck Ross reported on the Daily Caller website on December 23:

Kicy Motley, the director of the Brooklyn community affairs unit working for New York City mayor Bill de Blasio, has a history of making anti-cop statements, and Rachel Noerdlinger, the former chief of staff to de Blasio’s wife, lived with a convicted killer who has expressed a deep dislike for police officers…

I guess it could be argued that the New York Police Department is merely providing the kind of policing a number of de Blasio supporters and residents have been asking for- in a sense.

The thing is, I’m pretty sure the majority of New Yorkers don’t support the cop haters (it’s one thing to peacefully protest against perceived police brutality- it’s another to foster, promote, and carry out violence against law enforcement officers).

In the case of NYC, I think it’s a matter of “the squeaky wheel gets the grease.”

Although New York’s Finest might emphasize a different saying with respect to the ongoing work slowdown:

“Elections have consequences.”

Indeed they do.

Should make for an interesting New Year’s Eve at Times Square. Hope the bad guys/terrorists don’t take advantage of the situation though…

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

Sources:

Celona, Larry, Cohen, Shawn, and Golding, Bruce. “Arrests plummet 66% with NYPD in virtual work stoppage.” New York Post. 29 Dec. 2014. (http://nypost.com/2014/12/29/arrests-plummet-following-execution-of-two-cops/). 30 Dec. 2014.

Ross, Chuck. “FLASHBACK: De Blasio Aide Tweeted ‘F***. The. Police,’ Another Dated Anti-Cop Ex-Con.” The Daily Caller. 23 Dec. 2014. (http://dailycaller.com/2014/12/23/flashback-de-blasio-aide-tweeted-f-the-police-another-dated-anti-cop-ex-con/). 30 Dec. 2014.

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Chicago On Track For Fewest Murders In Nearly 50 Years, But Concerns About Crime Grow

As each year draws to a close, the Chicago media routinely compares the city’s crime numbers to years past. At the end of 2014, the talk is all about the murders- or lack thereof. Michael Lansu reported on the Chicago Sun-Times website this morning:

Chicago could record its lowest murder total in nearly five decades for the second consecutive calendar year, despite an increase in shootings in 2014.

Chicago Police reported 390 murders through Dec. 20… There have been at least 10 additional homicides and one fatal police shooting since then…

The numbers represent a 2 to 4 percent decrease in killings from 2013, and a 19 to 20 percent decrease from the unusually high 2012, when there were 504 murders. It would be fewest killings in any year since the 397 slayings in 1965…

“While the data shows Chicago has seen the fewest murders and lowest crime rate in decades, the ultimate measure of our success is how our residents feel in their communities,” Mayor Rahm Emanuel said. “The ultimate measure of our success is how our residents feel in their communities…”

So how do Chicago residents “feel” in their communities?

David Heinzmann and Rick Pearson analyzed the results of an August 2014 Chicago Tribune poll of 800 registered Chicago voters and wrote on the Tribune website on August 16:

Concern about crime was represented by an increase in the percentage of voters who said they consider their neighborhood less safe since Emanuel became mayor. A total of 27 percent of voters said they considered themselves to be less safe where they live, compared with 20 percent a year earlier. The percentage of those who said their neighborhood was the same as before Emanuel dropped from 68 percent to 61 percent

(Editor’s note: Bold added for emphasis)

It’s possible such sentiment has changed in the four-and-a-half months since that survey. But I doubt it considering the regular reports of city-related crime these days on the local evening news and elsewhere.

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

Sources:

Lansu, Michael. “Chicago’s 2014 murder total on track for another low, but shootings rise.” Chicago Sun-Times. 27 Dec. 2014. (http://chicago.suntimes.com/crime/7/71/237495/behind-line-chicagos-2014-murder-track-another-low). 27 Dec. 2014.

Heinzmann, David and Pearson, Rick. “Emanuel hounded by crime issue.” Chicago Tribune. 16 Aug. 2014. (http://www.chicagotribune.com/news/ct-rahm-emanuel-crime-met-0817-20140817-story.html#page=1). 27 Dec. 2014.

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Sunday, December 28th, 2014 Crime, Government, Public Safety, Self-Defense No Comments

‘Multiple Fights’ Close Chicago’s Navy Pier And Winter WonderFest

Just saw the 10 PM news broadcast on Chicago’s Channel 7. Looks like the area’s feral kids were out enjoying the nice weather tonight- and stirring up trouble. According to the ABC affiliate’s website:

A brawl broke out at Navy Pier’s Winter Wonderfest on Chicago’s lakefront Friday night, with at least one person taken to a local hospital.

Police are offering few details, but witnesses described complete pandemonium around 8 p.m. before police and security told everyone Navy Pier was closed.

Witnesses said there were multiple fights breaking out among multiple groups of teenagers and then people started running for the exits…

(Editor’s note: Bold added for emphasis)


“Brawl at Navy Pier”
Channel 7 Video

According to the latest reports coming in from the various Chicago news outlets covering this breaking story, as many as 200 individuals may have been involved in the fracas.

Several have been arrested, and one juvenile has been hospitalized.

It’s one thing when this nonsense is taking place on downtown streets.

But it’s another when the actions of these youths actually close down a major tourist venue like Navy Pier and an event like Winter WonderFest, billed as “Chicago’s biggest and best indoor winter playground.”

Like I wrote on this blog back on May 4, 2011:

If City Hall “loses” downtown to the bad guys- or, in this case, bad boys and girls- you lose the tourists, their money, revenue… you get the point.

You listenin’ Rahm?

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

Source:

“Brawl Breaks Out At Navy Pier’s WonderFest.” Channel 7. 26 Dec. 2014. (http://abc7chicago.com/news/brawl-breaks-out-at-navy-piers-wonderfest/452065/). 26 Dec. 2014.

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Friday, December 26th, 2014 Crime, Government, Public Safety No Comments

Milwaukee County Sheriff David Clarke Blasts Barack Obama, Eric Holder, Bill de Blasio For Anti-Police Sentiment In U.S.

Last night, I happened to catch the Fox News Channel show Justice with Judge Jeanine. The discussion was about the Saturday murders of two New York Police Departments cops- Wenjian Liu and Rafael Ramos- by career criminal Ismaaiyl Brinsley. African-American law enforcement officer and Milwaukee County Sheriff David A. Clarke, Jr., who first grabbed national headlines with a memorable PSA he recorded for Milwaukee County residents near the beginning of 2013 (blogged about here), appeared on the show and shared his thoughts about the killings. From the exchange between Judge Pirro and Sheriff Clarke:

PIRRO: You’ve got an African-American in the White House. And he wasn’t elected by just blacks. He was elected by whites. And yet he seems to be, along with his attorney general, the men who are creating this perception that cops are your enemy, and that you have to protect your kids from them. Why is that? Why are they doing this?
CLARKE: Because it was politically advantageous for both President Obama and Eric Holder to do that- and for Mayor de Blasio as well. And I found their statements that they came out with after the announcement of the death of these officers- I found them to be hollow, I don’t want anything to do with it. They can have it back. The only reason they’re saying what they’re saying today is because it is politically advantageous for them to say that today. They had a chance, Judge, to extol the virtue of our nation’s law enforcement officers early on in these tragic incidents. And instead, they chose divisive politics. And they benefitted from that divisive politics. But now the law enforcement community, our law enforcement officers, and our neighborhoods are suffering as a result of these divisive politics.

This stuff needs to stop from these individuals.


Milwaukee County Sheriff David Clarke On Justice with Judge Jeanine
YouTube Video

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

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Monday, December 22nd, 2014 Civil Strife, Crime, Government, Public Safety 2 Comments

Another Quote For The Week

“We’ve had four months of propaganda starting with the President that everybody should hate the police. I don’t care how you want to describe it- that’s what the protests are all about. The protests are being embraced, the protests are being encouraged. The protests, even the ones that don’t lead to violence- and a lot of them lead to violence- all lead to a conclusion:

The police are bad, the police are racist. That is completely wrong.

Actually, the people who do the most for the black community in America are the police- New York City and elsewhere. They are the ones, not the Al Sharptons, they are the ones putting their lives on the line to save black children.”

-Rudy Giuliani, former mayor of New York City, on FOX News Sunday, December 21, 2014

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

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Sunday, December 21st, 2014 Government, Propaganda, Public Safety, Racism No Comments

Signs Of The Time, Part 78

Karma doesn’t look to be dialing down her bitch anytime soon.

Alexandra Chachkevitch and Rosemary Regina Sobol reported on the Chicago Tribune website last night:

Rahm Emanuel’s 17-year-old son was robbed near the family’s Ravenswood home Friday night, according to a mayoral spokeswoman and police reports…

Zach Emanuel was talking on his cellphone in the 4200 block of North Hermitage Avenue, across the street and a few houses down from the Emanuel home, when two males approached him from behind, according to the police report.

One of them “placed his arm around the victim’s neck in a rear chokehold,” and the second one struck the teen with a fist, knocking him to the ground. The robbers took the teen’s cellphone and patted him down, the police report said.

“The offenders then asked the victim, ‘What else you got?’ (and) forced the victim to enter his security code to unlock the phone,” the police report said.

The robbers then ran away. The teen was treated for cuts and bruises on his face by a personal physician at his home, according to the report…

(Editor’s note: Bold added for emphasis)

Couple of things here:

1. Mayor Emanuel and his administration are known for claiming “crime is down!” in the city.

2. For those blog readers who don’t already know, the “Rahmfather’s” Chicago pad is heavily-guarded by the Chicago Police Department, including two or more cops in front, two or more in the alley, a heavy-weapons vehicle nearby, and a roving patrol (source: Second City Cop blog). By extension, the surrounding area is thought to be one of Chicago’s most secure as crime is concerned.

3. Glad to hear Zach’s injuries weren’t worse, since not resisting during a robbery is no guarantee the bad guy(s) won’t still injure/kill you.

4. I, too, was like Zach at that age, oblivious to my surroundings (no cell phone, but often found sporting a Sony Walkman). Then I started hearing/reading stories about the bad guys preying on people carrying on like that. By the time I was living in Chicago, I’d still listen to my mp3 player while walking down Northwest Highway- but not without a healthy dose of situational awareness.

Anyway, glad the young man is safe after the ordeal.

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

Sources:

Chachkevitch, Alexandra and Rosemary Regina Sobol. “Emanuel’s son robbed near family’s North Side home.” Chicago Tribune. 20 Dec. 2014. (http://www.chicagotribune.com/news/local/breaking/chi-rahm-emanuel-son-robbed-20141220-story.html). 20 Dec. 2014.

SCC. “Hey Rahm, Crime is down!” Second City Cop. 20 Dec. 2014. (http://secondcitycop.blogspot.com/2014/12/hey-rahm-crime-is-down.html). 21 Dec. 2014.

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The Economist Magazine Investigates Preppers

“Some Americans find survivalists sinister. After Adam Lanza shot 26 people in a school in Newtown, Connecticut in 2012, the media made much of the fact that his mother was a gun-stockpiling prepper. Yet there is no evidence that preppers in general are more dangerous than their compatriots. On the contrary, when natural disasters strike, it is useful to have neighbours who know how to stormproof a house and have bandages to spare.”

-The Economist website, December 17, 2014

Late this morning, I stumbled on an article on The Economist website about preppers. I just finished reading “Preparing for the apocalypse: I will survive,” and thought I’d blog about it a little. The author (couldn’t find a name attached with the piece for some reason) did a pretty good job writing about preppers/survivalists, not falling victim to the usual stereotypes/generalizing echoed in a comment on the article. From “walrusandthecarpenter”:

Preppers are people who are unhappy with their life and can’t wait for the end of the world to come and the tables to turn. They are excited for it to happen.

Me? I like my smartphone. I have a first aid kit though.

“I like my smartphone.” What a goof.

Like I was saying, the author did a pretty good job (points deducted for trying to link those Westboro folks to preppers) with the material. I found what James Wesley, Rawles of SurvivalBlog.com-fame had to say particularly interesting. From the article:

So how might TEOTWAWKI come about? The biggest threat, says Mr Rawles, is a huge solar flare. The last big one, in 1859, known as the “Carrington Event”, disabled telegraph lines. A similar disaster today would “fry the circuitry” of electronic devices and take out the power grid “from end to end”. It would take years to reactivate. Perhaps 60% of the American population could die, predicts Mr Rawles…

I’ve seen some put that die-off figure at 90 percent.

There was also this about present-day preppers:

Survivalists vary politically—just as they are dispersed geographically—and their views colour their apocalyptic imaginings. Many are conservatives, worried about crime, terrorism and hyperinflation and sure that the state cannot be relied upon to protect ordinary citizens. But a fair number are environmentalists, convinced that the planet can only take so much abuse before it becomes uninhabitable. The movement is broad enough to encompass anyone who suspects that disaster is looming, for any reason. It used to be mostly “Bible-believing Christian conservatives”, says Mr Rawles, “But now we have a lot of alfalfa-munching Birkenstock-wearing leftists.” He adds: “The more the better.”

One more reason for me not to bash specific political ideologies/parties- except when they really ask for it, of course.

(Editor’s note: Any former readers of Boom2Bust.com out there remember when I used to savage “Dubya” and Hank Paulson? Thinking of that reminds me this giant economic mess belongs to both sides of the political aisle.)

Jason Charles, a New York firefighter of Doomsday Preppers-fame (blogged about here), is also featured in the piece.

You can read the well-written article in its entirety on The Economist website here.

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

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Chicago, New York City Cops Talk ‘De-Policing,’ ‘Blue Flu’

“In Oklahoma City, after the terrible bombing, Americans were wearing a T-shirt- I’ve got a copy of it here that was given to me- and I’d never seen this before. But this T-shirt shows all the different things that federal law enforcement officials do and mentions all the different agencies and has the following quote on it:

A society that makes war against its police had better learn to make friends with criminals.

That’s a fact.”

-Former U.S. President Bill Clinton, in a July 20, 1995, meeting with federal law enforcement

I’ve been following the protests, riots, and other activity related to the deaths of Michael Brown and Eric Garner. And considering the anti-police sentiment that’s arisen and being stoked by certain politicians, the mainstream media, anarchists, and other agenda-driven parties, I was wondering how long it would take before someone in law enforcement uttered the following. From the popular Chicago police blog Second City Cop early Sunday morning:

We’re about to see a nationwide “de-policing” shortly.

De-policing. A situation where law enforcement activities are unofficially curtailed.

Comments on that Sunday post lent support to such action:

“De-Policing”, hey, I’m all for it! Give the people/folks what they want, maybe then they will be happy!

Essentially de-policing is the solution to all of this nonsense but it must be a concerted effort by all the police and not just one municipality. That will wake bitch slap the media and politicians into realizing what the consequences are of falsely accusing the police of these stupid excessive force accusations. NYPD did it right by telling the jack-off mayor he is persona non grata. For starters that should be done to mayor tiny dancer, libtard Dick Durbin, jack-off soon to be out of a job Holder and a host of others.

Why are we waiting for de-policing to happen? Start right now, answer all calls and do paper. No more rushing to a man with a gun, burglary in progress, person shot. Take your time and get there safely, take down all information. When the detectives get there they can suspend the case until the offender turns himself in and proceed with paper work. Not charged unless they confess, don’t bother calling the useless Felony Review or asa Office. Sorry, take it slowly, no more racing around for me on jobs. Gotta go, I feel the flu coming on. Take care of those that mean the most to you!

There was also talk of law enforcement officers coming down with the “blue flu” on that Second City Cop post. In New York City, the flu is also known as a “sick out”- which is what a number of cops out in the “Big Apple” are calling for as the anti-police protests carry on. From Thee RANT Forums (“New York City Cops speaking their minds”) website, under “Sick out New Years Eve”:

It’s been said many times now it has to be done! Bratton sold you all out and the Mayor hates your guts. How many Captains and above on the job 700? let them work the detail on New Years. If everyone goes sick this city will be at a fughing standstill! It needs to be done folks to give everyone a much needed reality check. I’m sure the job has a contingency plan in place where everyone who goes sick will have to report to the Police Academy. How many Surgeons do we have? What could they do? It needs to be done! It will cost 2 days pay perhaps but would be well worth it.

Again, commenters lent support to such activity:

The city and the public need a reality check. Can u imagine what would happen in Manhattan alone. A lot of robbed beat up white-boys.

“De-policing,” “Blue flu,” “Sick out.” Personally, I don’t see any of this happening on a large scale just yet. The present animosity being directed at the police isn’t coming from the majority of citizens (despite what the MSM would like you to think), and I believe most LEOs realize this.

However, as America’s finances continue to deteriorate going forward, I can see such work slowdowns and stoppages occurring with law enforcement. Disputes over wages, pensions, working conditions are likely flashpoints.

If the coming financial crash ever gets as ugly as what’s happened in the once-prospering South American country of Argentina, then perhaps we might see incidents like what took place there last year around this time. From the BBC website on December 10, 2013:

At least five people have been killed as looting spreads through Argentina.

Hundreds have been injured as people took advantage of a police strike to rob shops and homes.

Police have refused to go on patrol until their demands for a salary rise are met.

Their move follows a police walkout in Cordoba province last week which also led to lootings, and which was settled after the governor almost doubled officers’ pay…

(Editor’s note: Bold added for emphasis)


“Looting rife in Argentine city of Cordoba as police take strike action”
YouTube Video

On the third-ever day of this blog (November 24, 2010), I shared the following with readers (not sure I had any at that time though). I think it bears repeating here. I wrote:

This last thought about the individual being ultimately responsible for their own personal protection is hammered home by John S. Farnam, a long-time defensive firearms instructor and deputy sheriff (training officer) in the Park County, Colorado, Sheriff’s Office. In The Farnam Method of Defensive Shotgun and Rifle Shooting, the founder and president of Defense Training International wrote:

It is said by enlightened social scientists, “If it rained twenty-dollar bills every Monday morning, there would still be people begging for their dinner ever Monday evening!” The same is true with criminals. No matter how “civilized” or indulgent our society becomes, there will always be criminals. And, the more foolishly dependent we all become upon governmental institutions as the only means of preserving civil order, the more dubious our continued existence becomes, and the more quickly order will disintegrate when our societal underpinnings are crippled or even imperiled. When citizens become additively dependent on an eleemosynary and paternal government to do for them what they could be, and, of right, ought to be, doing for themselves, that civilization’s days are surely numbered. Never forget, regardless of how politically incorrect it may sound to the uninformed, your personal security is always your responsibility, and yours alone!

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

Sources:

SCC. “NYPD Takes A Stand.” Second City Cop. 14 Dec. 2014. (http://secondcitycop.blogspot.com/2014/12/nypd-takes-stand.html). 15 Dec. 2014.

“Deadly Argentina looting spreads as police go on strike.” BBC. 10 Dec. 2013. (http://survivalandprosperity.com/2010/11/24/putting-the-self-back-into-defense/). 16 Dec. 2014.

Farnam, John S. The Farnam Method of Defensive Shotgun and Rifle Shooting. Boulder: DTI Publications, 1997.

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Quote For The Week

“Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn’t perfect. It should have broken you into pieces.”

-U.S. Senator Elizabeth Warren (D-MA), in a speech on the Senate floor Friday on banks’ influence on the political process and concerning language in the spending bill (now before the Senate) she claims “would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system.”

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

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Peter Schiff: Layoffs, Falling GDP, And More QE Coming

I just got done reading a December 9 commentary piece by Euro Pacific Capital CEO Peter Schiff. Schiff, who correctly-called the U.S. housing bust and financial crisis last decade, pointed out that while the latest rosy jobs and GDP reports were gladly disseminated by the mainstream media, not-so-good news wasn’t shared. He observed:

In the weeks leading up to, and the days after, the recent GDP and jobs reports, a torrent of data releases came in that were almost universally awful. However, in our current era of journalistic lethargy, these reports have received almost no attention at all…

“Lethargy?” Some might argue “censorship” is a better fit, to support a particular agenda.

Anyway, Schiff went on to give a brief overview of the dismal economic data that wasn’t talked about by the MSM.

Upon completing this task, the “crash prophet” issued the following warning:

There is much in both the GDP and the Jobs Report that is dependent on forward-looking expectations. I believe that both reports are showing improvement because businesses are building inventory and hiring staff in anticipation of an economy that they believe will continue to improve. It’s like the Field of Dreams recovery, prepare for it and it will come. But I think businesses are following the false narrative, and ignoring, or rationalizing, the bad data as thoroughly as does the media. When they realize they were fooled by the hype, jobs will be lost, and GDP will fall.

Furthermore, the GDP and jobs data would certainly be far weaker if the Federal Reserve were not providing so much monetary support. Sure, they have discontinued the vast majority of the QE, but interest rates are still at zero percent. What would GDP or job growth look like if consumers, businesses, and the federal government were forced to pay anything that approaches the historically normal interest rates on our much greater than normal level of debt? My guess is that it will be awhile before we find out, as I believe that as the bloom comes off the recovery rose, the Fed will launch another round of QE before it gets around to raising interest rates.

(Editor’s note: Bold added for emphasis)

Layoffs, falling GDP, and more QE. Quite a different tune than what the “talking heads” on the financial news networks are singing these days.

You can read Schiff’s entire commentary on the Euro Pacific Capital website here.

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

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Illinois Named Worst-Run State In America In 2014

“‘We don’t have the time to mess around. We are in deep, deep trouble financially,’ [Illinois Governor-elect Bruce] Rauner told a meeting of the Illinois Farm Bureau at a downtown Chicago hotel. ‘The next 24 months are going to be rough. And I apologize. I ain’t going to be Mr. Popularity for a little while. That’s OK. Four years from now I think, though, everybody will appreciate what we did.’”

-Chicago Tribune website, December 8, 2014

Talk about lists you don’t want to be on. In 2012 and 2013, Illinois was the 3rd worst-run state in the annual best- and worst-run states in America survey conducted by New York City-based financial news and opinion organization 24/7 Wall St.

So how did the “Land of Lincoln” fare in 2014? From the 24/7 Wall St. website on December 3:

How well run is your state? Assessing a state’s management quality is hardly easy. The current economic climate and standard of living in any given state are not only the results of policy choices and developments that occurred in the last few years, but can also be affected by decisions made decades ago, and by forces outside a state’s control.

Each year, 24/7 Wall St. attempts to answer this question by surveying various aspects of each state. To determine how well states are managed, we examine key financial ratios, as well as social and economic outcomes. This year, North Dakota is the best-run state in the country for the third consecutive year, while Illinois replaced California as the worst-run state

(Editor’s note: Bold added for emphasis)

Ouch. Worst part is, the people who brought us this mess are the same ones still in charge, more or less. It will be interesting to see how much of a difference Governor-elect Rauner- who ran on the Republican ticket- can make in the Democrat-controlled state.

24/7 Wall St. went into more detail about my home state’s latest “honor.” From the piece:

Illinois is the worst-run state in the nation. Like many other low-ranked states, more people left Illinois than moved there. Illinois lost more than 137,000 residents due to migration between the middle of 2010 and July 2013. A poor housing market may partly explain the exodus. Median home values fell 16.2% between 2009 and 2013, the second largest drop nationwide. Illinois has extremely poor finances by many measures. Just 39.3% of Illinois’ pension liabilities were funded as of 2013, worse than any other state. Further, the state’s reserves are estimated at just 0.5% of its general fund expenditure, the second lowest reserves rate nationwide. Both Moody’s and S&P gave Illinois the worst credit ratings of any state, at A3 and A- respectively. According to Moody’s, the state’s rating reflects its low fund balances and high pension obligations, as well as its “chronic use of payment deferrals to manage operating fund cash.”

As for our neighbors, Indiana is ranked 28th and Wisconsin comes in at 26th in 2014- down from 19th and 21st- respectively.

That’s quite a hit (9 places) the Hoosiers took from last year. Wonder what’s behind the drop?

Curious as to where 24/7 Wall St. ranked your state in 2014? Head on over to their website here.

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

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Jim Rogers: Forget Finance, MBA Degrees, Become Farmers

Well-known investor, author, and financial commentator Jim Rogers still thinks agriculture is where the real money will be made in the future. From the Dong-A Ilbo (South Korea) website Saturday:

Legendary investor Jim Rogers on Thursday advised Master of Business Administration (MBA) students at Seoul National University to quit the MBA program and study agriculture. He argued that by the time the students would retire, agriculture would become the most promising industry. Rogers advised the students to have a switch of ideas and become farmers at a time when everyone else is neglecting agriculture and rush to cities. When the investment guru said he hoped to live as a farmer in China rather than a financier in America in his next life, it sounded like a prediction that there are promising chances to make money from agriculture from an investor`s viewpoint, rather than an expression of his personal dream of life on the farm…

(Editor’s note: Bold added for emphasis)

“Switch… and become farmers.” A number of SNU students and their parents probably weren’t too thrilled to hear that.

Regular followers of Rogers, who predicted the commodities rally that began in 1999 and was worth $300 million by 2007, know that he’s been bullish on agriculture and farming for years now. The former investor partner of George Soros in the legendary Quantum Fund told CNBC’s Larry Kudlow back on February 13 of last year:

Throughout history we’ve had long periods when the financial types were in charge. Then we had periods when the people who produce real goods- farmers, miners, lumberjacks, etcetera were in charge. Followed by finance again. Well, finance has had its day. Larry, there are hundreds of thousands of MBAs, massive competition, huge leverage in the financial system, and governments don’t like us anymore. They’re coming down with regulations, controls, special taxes- because they’re trying to blame everything on the bankers and the financial types. All those kids that got MBAs? They made a terrible mistake. They should have got agricultural degrees…

Farming is going to be a fantastic business. Farming has been a disaster for 30 years, Larry. It is now going to be a fantastic place to be- the people who produce real things. Forget finance.


“Jim Rogers: ‘Forget Finance!'”
CNBC Video

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:

“Investment guru advises MBA students to study agriculture” Dong-A Ilbo. 6 Dec. 2014. (http://english.donga.com/srv/service.php3?biid=2014120636498). 8 Dec. 2014.

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Chicago Selected To Join 100 Resilient Cities Network

Nice to see Chicago is finally not on some list you really don’t want to be on.

In all seriousness, the following sounds promising. From the Mayor’s Press Office last Wednesday:

Mayor Rahm Emanuel today announced the City of Chicago was selected by the Rockefeller Foundation as one of 35 global cities to join the 100 Resilient Cities Network. The Rockefeller Foundation’s 100 Resilient Cities Network (100RC) includes a leading community of pioneers, innovators, and highly esteemed cities ready to build urban resilience across the globe by improving their own capacities to prepare for, withstand, and bounce back rapidly from shocks and stresses. Chicago was selected for its emergency preparedness, continuing 21st century infrastructure improvements, economic diversity, and urgency to identify, prepare for and combat threats that are most likely to challenge its resiliency. As a part of the award, the City will be granted funding for no less than two years to hire its first Chief Resilience Officer (CRO), as well as expanded resources to strategize and execute long-term goals with a holistic focus on resilience at the neighborhood level…

(Editor’s note: Bold added for emphasis)

If the City of Chicago gets a CRO who’s actually qualified for the position (not picked because of clout/ties to “The Machine”), and doesn’t blow the wad pursuing foolish gun “control” initiatives, they might do okay with this project.

One more thing. What’s got the Rockefeller Foundation so spooked they’re bankrolling this 100 Resilient Cities Network? I’m guessing they’ve come to realize- like I did some years ago- life’s not going to be all about rainbows and unicorns anytime soon.

You can read that entire press release on the City of Chicago website here.

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

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