Insurance

Jim Rogers: Gold May Drop To Around $1,000 Before Rebounding

According to a report out of Taiwan, well-known investor Jim Rogers suspects the price of gold ($1,199 an ounce as I type this) may be heading lower. The Singapore-based investor was giving a media interview in Beijing recently and shared his outlook- and investing strategy- for the precious metal. From the Want China Times website (English news site of Taiwan-based China Times News Group) yesterday:

Rogers predicted gold may drop to around US$1,000 per once and then rebound to up to US$1,500 per ounce. He will increase his gold assets when the price reaches US$1,000, he said.

(Editor’s note: Bold added for emphasis)

Rogers, who predicted the commodities rally that began in 1999, often talks about gold. Back in November of last year, the chairman of Rogers Holdings and Beeland Interests provided the following in an interview with Burbank, California-based Birch Gold Group (blogged about here):

Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Bold added for emphasis)

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:

“One reminbi to one US dollar in 25 years: Jim Rogers.” Want China Times. 25 Nov. 2014. (http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20141125000058&cid=1203). 26 Nov. 2014.

Tags: , , , , , , ,

Survivalism ‘Shouldn’t Come With A Bad Reputation’

“Survivalism: The stark ideology that may have led to killing of a Pennsylvania state trooper”

-Actual headline on the Washington Post website, September 17, 2014

“I love publishing material that readers can sink their teeth into and learn a lot from. I hope to do a lot more of it when things calm down on my end. At the same time, I will blog about some topics that might not be so informative- like prepping as a form of insurance, for example. Why’s that? It depends on the situation really. But in the case of “Prepping As Insurance,” I’m disappointed in how the mainstream media often portrays preppers/survivalists. Many times, the so-called Fourth Estate equates preparedness with anti-social behavior, paranoia (sound familiar?), and/or domestic terrorism. I like to point out that emergency preparedness (something Uncle Sam/other levels of government actively push- even while demonizing it in some instances) can be thought of as another form of insurance and one of our civic duties as American citizens (the emphasis on self-reliance/sufficiency frees up public safety resources in major emergencies) by its practitioners. Letting the idea fester in our society that prepping is BAD could ultimately result in way too many helpless Americans in a SHTF situation. My intention with this post- while not really one that is chock-full of knowledge- is to help torpedo that dangerous idea with hopes (dreams?) of a more resilient society once again.”

-One of my comments in a discussion about last Friday’s Survival And Prosperity post entitled “Prepping As Insurance”

I’ve always thought any negative associations with prepping/survivalism stemming from related “reality” TV shows like National Geographic Channel’s Doomsday Preppers were essentially harmless. As they were rolling out a couple of years ago, I trusted people would be able to figure out it’s only entertainment television- with some useful knowledge thrown in to keep more “demanding” viewers coming back for more. Entertainment TV with a good deal of shock and awe to ratchet up ratings and score as many advertising dollars as possible.

Several years on, and plenty of critics- particularly in the mainstream media- of preparedness/survivalism base their view at least in part of what they’ve seen on TV.

Doomsday Preppers Toilet Paper

Doomsday Preppers Toilet Paper


They just don’t get it. And if you ask me, in many cases it’s because they’ve haven’t researched the subject thoroughly enough (either by choice or lack of time).

And the ones that do but who still try and push the goofy idea that most- if not all- preppers/survivalists are authority-hating, machine gun-toting, wannabe special forces types who are two sandwiches short of a picnic and long for the end of the world (note I’m not including “as we know it” here) to remake it in their own image- well, don’t forget they’ve got newspapers/other media products to sell.

So it was with some relief that I encountered the following article yesterday on the WFMZ-TV 69 News (Allentown, Pennsylvania) website. Talking about the ongoing manhunt for alleged cop killer Eric Frein, 69 News staff wrote:

This weekend, 69 News spoke with the chief of the Greater Philadelphia Search and Rescue about survivalists.

Mark Hopkins believes Frein will be able to evade police for a period of time, but police will catch up with him.

He says to a degree, everyone is a bit of a survivalist, and that description shouldn’t come with a bad reputation.

“I wouldn’t want to see that lumped together and think that all survivalists or all people that are doing this prepping stuff want to hurt people, because that’s not the case; this is clearly an outlawry,” Hopkins said…

(Editor’s note: Bold added for emphasis)

“Everyone is a bit of a survivalist, and that description shouldn’t come with a bad reputation.”

Something the “haters” would do well to remember. But probably won’t, or choose not to out of self-interest or something else.

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

Source:

“Survival expert believes police will catch up with Frein.” 69 News. 21 Sep. 2014. (http://www.wfmz.com/news/Regional-Poconos-Coal/survival-expert-believes-police-will-catch-up-with-frein/28175968). 22 Sep. 2014.

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

Prepping As Insurance

A couple of days ago, I stumbled on a Chicago Tribune piece that made fun of preppers. I’ve encountered a number of these in the mainstream media the past few years, so I wasn’t really surprised to see one in my “local” paper. Columnist Steve Johnson wrote on the Tribune website:

All across the country people are preparing or, in the shorthand, “prepping” for a coming apocalypse — the day when, in the even shorter hand, the “SHTF.” That’s an acronym preppers use that stands, almost, for “something hits the fan.”

I read news stories about this anticipatory readiness. I witness it on reality TV, a realm in which shows are primarily about Alaskans, Kardashians and preppers. Even more meaningfully, I see it in such leading cultural indicators as costco.com and SkyMall. Many people think a social meltdown looms, and they are getting their gear, from canned goods to weaponry, in order.

Yet I dawdle. I toe-drag. Instead of outfitting the family for a dubious kind of survival, I let myself get distracted by such trifling matters as whether my sons have girlfriends and should I try one of those stand-up desks.

But I know, in my heart of hearts, that I am lax, and I must take stock. Let me enumerate the ways in which I am not prepared for the apocalypse…

That included such things as “I do not have a zombie fighting plan,” and “I have not doled out $3,999.99 to Costco for the ‘32,000 Total Servings 4-Person 1-Year Food Storage,’ an actual product,” along with “My cars are not swathed in armor, jacked up to go way off road and fitted with machine-gun turrets,” among others.

The Tribune columnist wrapped up his ridicule of preppers with the following:

When we can no longer hold out, well, that’s when we bite down on the cyanide capsules — OK, I’m going to be a little bit prepared — and thank our lucky stars we didn’t spend the good days cloaked in paranoia, suspicion and highly speculative, ridiculously costly planning.

Now, I’m not a prepper. Nor do I claim to be an expert on preppers. But from my experience researching and writing about them for a couple of years now, the actions of most preppers don’t seem to stem from some belief of “a coming apocalypse” (an image made popular by “reality” TV). Nor have the majority of preppers I’ve met/corresponded with been “cloaked in paranoia” or filled with “suspicion.” No doubt some fall into the camps. But I suspect most preppers are not unlike the Tribune columnist himself- an adult American with a job, car, kids/ loved ones depending on them, and many other “real world” responsibilities, concerns, and problems to boot.

It’s just that the prepper has either insured or is in the process of insuring his or her lifestyle in the event of a lasting emergency which can strike at any time.

This can include anything from a local power outage lasting a couple of days, to a regional man-made/natural disaster, to that “apocalypse” Johnson wrote about.

Many Americans insure their health, their life, their residence, their vehicle, and so on. Why not their ability to live comfortably on a day-to-day basis in the event something terrible happens?

Consider what modern survivalist and The Survival Podcast host Jack Spriko said on August 13, 2014, about prepping as a form of insurance. In episode 1406, “Well, Why Isn’t Everyone a ‘Survivalist’?”:

I’ll say, “Dude, what kind of car do you drive?”
“Well, I have this car. I’ve got this new car and I bought it.”
“Do you have insurance on it?”
“Well, yeah. You have to.”
“If you didn’t have to, would you have insurance on your car?”
“Well, yeah.”
“Well, why?”
“Well, if you get into a wreck, you want someone to pay for it.”
“Oh, so you’re a prepper?”
“Oh, no. That’s not what that means.”
And I’m like, “It kind of does.”
“You have a potential disaster- a car wreck- and I’m sure your insurance covers things like injury or bodily harm or other people if you get sued, things like that. So you preempted a potential emergency with prior planning. This makes you prepared for that. Therefore you’re a prepper.”
“Well, that’s not what I’m talking about.”
And then if you start having a conversation with them, you’ll find there’s all these places in their life that they’ve put some sort of assurance or insurance into. But then there’s the gaping holes of things that are actually very, very important.
So you’ll say, “What happens if one of your family members dies?”
“Oh, well, you know- we have life insurance.”
“Great. Well what happens if you both lose your job for some reason and you’re trying to put food on the table?”
There’s some unemployment, but when you start doing the math, it’s like your whole life is going to fall apart.
“Well, if you have some food set aside- even just a couple of months- and for a couple of months you knew that you could just not go to a grocery store, or only go 10 percent as much as you used to buy, and you can use that 60-, 90-day period as a get-by in-between so you can get back on your feet, don’t you think that would take the pressure off of you, let you make better decisions about getting a new job?”
“Well, yeah.”
“Then why don’t you do it?”

“Then why don’t you do it?”

Short of not having the financial/physical resources to do so, maybe because it’s easier to mock others rather than make the effort to insure one’s way of life in the event of a real, drawn-out emergency?

Prepping as paranoia? Try prepping as insurance. That’s how I’ve observed more Americans considering it these days.

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

Source:

Johnson, Steve. “Completely unprepped for doomsday.” Chicago Tribune. 8 Sep. 2014. (http://www.chicagotribune.com/news/columnists/ct-doomsday-johnson-talk-20140908-column.html). 19 Sep. 2014.

Tags: , , , , ,

Profitable Assets, Professions In Germany’s Hyperinflation Of The 1920s

Since I started being concerned back in 2004 about the prospect of a U.S. financial crash, I’ve been interested in reading about the everyday lives of the people who lived through economic collapses.

Why? Because I believe there are valuable lessons to be learned for what I think is coming down the road for us here in America.

I haven’t really come across any good Great Depression accounts yet (if you know of one- shoot me over a suggestion). But the other night, I happened to stumble upon a rather lengthy article on the website of Der Spiegel (Germany) that provided a great deal of insight of what went on in Germany during their devastating bout with hyperinflation in the 1920s. Alexander Jung even went so far as to identify the financial “winners” and “losers” during that period of time. Jung wrote back on August 14, 2009:

The only objects of real value were tangible assets: diamonds and coins, antiques, pianos and art. The works of contemporary artists like Lyonel Feininger, Paul Klee, Max Pechstein and Karl Schmidt-Rottluff were in especially high demand. And if you had foreign currency, you lived like a king

The stupid ones were those who had nest eggs: the thrifty, holders of government bonds, but primarily the country’s pensioners. In other words, those who received money without having to work for it, who lived on their pensions or the interest on their savings. Large sections of the middle classes saw themselves stripped of their assets, losing almost everything they had set aside for years. Banks, savings banks, and insurance companies suffered huge losses and were left with nothing but their paper money. As a result, they had to start the majority of their businesses from scratch in 1924.

By perverse contrast, the winners of the hyperinflation were those with massive debts; first and foremost the state, but also private individuals who had borrowed money to buy houses, construction land or farmland, and whose loans were slashed by the switch to the rentenmark.

Some industrialists made huge gains from the period of hyperinflation. Hugo Stinnes, whom Time magazine crowned “Germany’s new Kaiser,” built up an immense corporate empire comprising heavy industry, newspapers, ships and hotels — all based on a mountain of debt. As late as the summer of 1922, Stinnes was recommending that people continue capitalizing on “the weapon of inflation.” Indeed manufacturers and craftsmen in general profited from the crisis since they possessed plants and buildings — that is, tangible assets that outlived the currency switch.

Most farmers also did extremely well. “They had money to burn, and spent it willy-nilly,” writer Lion Feuchtwanger recalled. Some bought themselves entire stables of racehorses, others expensive cars. “Farmer Greindlberger drove from the grimy village street of Englschalking to Munich in an elegant limousine complete with a liveried chauffeur, while he himself was dressed in a brown velvet jacket and a green chamois-tufted hat,” Feuchtwanger wrote of the rural rich…

(Editor’s note: Bold added for emphasis)

That last bit about farmers buying expensive cars reminds me of what “crash prophet” Jim Rogers has been telling anyone who will listen:

The farmers are going to be driving Lamborghinis and Maseratis.

Anyway, the quote doesn’t do the piece justice. I recommend you read the entire article on the Der Spiegel site here.

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

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

Los Angeles Named In Top 10 Most Risky Cities List

Speaking of U.S. metropolitan areas I’d be uncomfortable living in due to some significant threat to life, limb, and property, anyone hear about that overall top 10 most risky cities list just put out by the world’s second-largest reinsurance company, Swiss Reinsurance Company Ltd (Swiss Re)? Chris Michael reported on the website of The Guardian (UK) earlier today:

What are the world’s riskiest cities when it comes to natural disasters? For the insurance industry it seems an ever-more urgent question, so last year one reinsurance company set out to assess 616 cities around the world for their risk of earthquake, hurricanes and cyclones, storm surge, river flooding and tsunami. Here are Swiss Re’s overall top 10 most risky cities…

I’m not going to steal the British newspaper’s thunder here, but get a load of number 9 on Swiss Re’s list:

9) Los Angeles, United States: Its location on the San Andreas Fault makes Los Angeles one of the most earthquake-prone cities – although not as vulnerable to tsunami as might be expected. Subduction zones, where oceanic plates dive underneath the continental crust, generally create much larger tsunamis than so-called “strike-slip” faults such as the San Andreas and Northern Anatolian faults. Small comfort to the 14.7 million residents of the area threatened by earthquake…


“KTLA St Patricks Day Earthquake 3/17/2014”
YouTube Video

While an L.A. megaquake would definitely suck, I’ve been hearing more concern lately about a similar threat much further up the coast- which I’ll blog about in the coming days.

In the meantime, you can view the rest of the list here on The Guardian website.

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

Tags: , , , , , ,

Tuesday, March 25th, 2014 Insurance, Natural Disasters No Comments

JM Bullion Presale Of 2014 American Silver Eagles

I received the following e-mail yesterday afternoon from one of my affiliate marketing partners- JM Bullion (reviewed here). The online retailer of physical gold and silver products is having a presale of 2014-dated American Silver Eagle silver bullion coins. From their e-mail:

Our presale of the 2014 American Silver Eagle continues today, and this collector favorite will begin to ship as early as January 26th. The American Silver Eagle remains the most popular seller among silver coin bullion products, and is a must have for any serious collector. The coin has been minted for 27 years and arrives in brand new condition straight from the US Mint. The Silver Eagle coin is legal tender in the United States with a $1 face value.

Be sure to take advantage of our special pricing today, with silver spot on the move this morning (down $0.41 at the time of this posting) and prices as low as $3.29 over spot. Additionally, enjoy free shipping on all your orders at JM Bullion. Certain PO Box, APO, HI, AK exclusions apply…

Silver Eagle Coin
U.S. Silver Eagle Coin

Free shipping on all JM Bullion orders? Nice.

I just checked their website, and the presale is still going on. But the 2014 Silver Eagles won’t begin shipping now until January 27.

As I type this Wednesday evening, the .999 fine one ounce silver bullion coins start at $24.04 (bank wire/paper check) or $25.00 if using a credit card.

Interesting in obtaining one or more of these 2014-dated silver bullion coins at low prices and with free shipping in most cases? Click on the banner ad below, where you’ll be taken to the JM Bullion website. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

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

Tags: , , , , , ,

Pandemic Tops Global Insurance Executive Rankings Of ‘Extreme’ Risks To Their Industry

Here’s an interesting piece I stumbled upon this morning while searching for some pandemic-related material out in cyberspace. Caitlin Bronson reported on the website of Insurance Business (America) this morning:

A global pandemic, a widespread natural disaster and a food/water/energy crisis are the top three extreme risks threatening the insurance industry in the near future, a Towers Watson survey of global insurance industry executives reveals.

The survey—part of Towers Watson’s biennial analysis Extreme Risks—asked more than 30,000 top executives to rate very rare events that would have a large impact on global economic growth and the insurance sector.

In addition to health, weather and technological risks, the insurance executives also saw financial disasters as having a large role to play in the future of the insurance industry. An economic depression, a banking crisis and a default by a major sovereign borrower were all listed in the executives’ top 10 concerns…

It’s a short, insightful read (I wonder if the insurance industry is any good at forecasting major crises/disasters?), and the article can be viewed in its entirety on the Insurance Business (America) website here.

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

Tags: , , , , , ,

Jim Rogers: ‘Everybody Should Own Some Precious Metals As An Insurance Policy’

The well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Burbank, California-based Birch Gold Group. I was reading a transcript dated November 12 of the discussion he had with Rachel Mills of the precious metals company when I spotted the following comment the Chairman of Rogers Holdings and Beeland Interests made about gold and silver and the important role they can play in protecting wealth. From their exchange:

MILLS: So what advice would you give someone who as of yet has no precious metals in their portfolio right now?

ROGERS: Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Italics added for emphasis)

In all the time I’ve been following Jim Rogers closely (9 years), I don’t recall him ever being so adamant about gold and silver being used for insurance purposes.

A good interview which you can read/listen to here on the Birch Gold Group website.

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.)

Tags: , , , , , ,

ObamaCare Killed My Health Insurance Plan

From a letter I received in the mail this afternoon from my health insurance provider:

Changes are coming to the health insurance marketplace… The Affordable Care Act (ACA) is changing health insurance… You’ll need to enroll in a plan that includes all ACA requirements. We’ll give you information to help you choose a new plan.

Translation: ObamaCare killed your health insurance plan, Mr. Hill. Now go find another plan.

Which sucks, because it was a good plan that I worked really hard to find, and it was incredibly-reasonable in terms of cost. Dirt-cheap actually.

I’ve seen the projected costs of a new health insurance plan for me, and I think it’s pretty safe to say having to enroll “in a plan that includes all ACA requirements” is going to cost me a lot more than what I’m currently paying for such insurance.

“Hope and Change.” Change will be all that’s left in these pockets pretty soon.


“36 Times Obama Said You Could Keep Your Health Care Plan”
YouTube Video

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

Tags: , , , , ,

Friday, November 8th, 2013 Government, Health, Insurance, Political Parties 2 Comments

Marc Faber: ‘The Endgame Is A Total Collapse’

Last Wednesday “Doctor Doom” Marc Faber was on Bloomberg Television’s daily business program Street Smart via phone from Thailand. Host Trish Regan had a number of questions for the Swiss-born investment advisor and fund manager in the wake of the Federal Reserve not “tapering” its stimulus program. From their exchange:

REGAN: Is this the unintended consequence you think of all this money printing, and what’s the end game?
FABER: Well, the endgame is a total collapse, but from a higher diving board. The Fed will continue to print and if the stock market goes down 10%, they’ll print even more. And they don’t know anything else to do. And quite frankly, they have boxed themselves into a corner where they are now kind of desperate.

Later on, Regan asked the publisher of the monthly investment newsletter The Gloom Boom & Doom Report about gold. From the discussion:

REGAN: Any predictions on gold prices?
FABER: Well, I always buy gold and I own gold. I don’t even value it. I regard it as an insurance policy. I think responsible citizens should own gold, period. But I think eventually it will go up, yes.


“Marc Faber- We are in ‘QE Unlimited’”
Bloomberg Video

By Christopher E. Hill, Editor
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.)

Tags: , , , , , , ,

Peter Schiff: U.S. Will Experience Cyprus ‘Bail-In’

Peter Schiff, Euro Pacific Capital CEO/Chief Global Strategist, talked about the proposed Cyprus “bail-in” despite Cyrpiot bank accounts having deposit insurance in his March 18 entry on The Schiff Report YouTube video blog. Schiff, who correctly-called the 2008 global economic crisis and U.S. housing bust, warned viewers:

You know, ultimately, the same thing is going to happen in the United States. We’ve got deposit insurance here in America. But eventually, we’re going to be faced with a similar problem. When interest rates rise, and big banks fail, the FDIC doesn’t have the money for a bailout. And, if the Fed is tightening, the Treasury doesn’t have the money to bail anybody out. So, we’re going to be in the same situation.

Schiff sees the Cyprus fiasco as being bullish for gold. He added yesterday:

I think, first of all, that this is a very positive development for gold. Now, the reason for that is that bank deposits are at risk. And if you think your money is at risk in a bank and you pull it out, what are you going to do with it? Well, putting it in gold is a great alternative. In fact, if you had euros deposited in a Cyprus bank, now you’ve lost about 10 percent, close to 10 percent of the value of those deposits, or 10 percent of your euros. But if you had gold in a safety deposit box in a Cyprus bank, you haven’t lost an ounce. So the people who have gold are whole, and those who have euros, or other currencies you had on deposit, but they’ve had a loss. So this highlights the safe haven aspect of gold.


“Insured Bank Deposits At Risk, America Burns While Obama Golfs”
YouTube Video

By Christopher E. Hill, Editor
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.)

Tags: , , , , , , , , ,

Illinois House To Vote On Gun ‘Control’ Amendments Tuesday

While Colorado will be getting the lion’s share of attention today concerning gun “control,” Democrats in the Illinois House of Representatives, led by speaker Michael Madigan, will push Tuesday for more restrictions on firearms here in the “Land of Lincoln.” From the National Rifle Association Institute for Legislative Action website last night:

Illinois: Anti-Gun Politicians Continue Attempts to Ram Gun Control Scheme Through State House

A Vote is Imminent – Contact your state Representative NOW!

As previously reported by the NRA-ILA, House Speaker Mike Madigan continues to force votes on dozens of amendments filed on shell bills in an effort to build his own omnibus gun control bill. Due to Madigan’s trickery and forceful behavior, votes on these amendments have been too close for comfort. House Bills 1155 and 1156 are some of the bills being used as vehicles, and have recently had extreme anti-gun amendments filed on them.

At this time, the list of amendments to these two bills is growing by the minute and contains everything from forcing gun owners to buy $1 million liability insurance and imposing severe restrictions on future Right-to-Carry laws by mandating location restrictions and multiple licenses, to bans on commonly owned semi-automatic firearms and standard capacity magazines. You can view amendments added to HB1156 here and amendments to HB1155 here.

Among others, Amendment 12 to HB 1156 was just filed and would make it unlawful for anyone in Illinois to possess a magazine capable of accepting – and any magazine that could be converted to accept – more than ten rounds. This would effectively ban ALL commonly owned magazines. This issue was defeated last week by only a narrow margin – so it is important that your state Representative understand that a YES vote on Amendment 12 is an unacceptable violation of your rights!

Time is of the essence: These anti-gun amendments will be voted on in the state House TOMORROW and anti-gun politicians are turning up the heat to get your state Representative to vote against your Second Amendment rights in Springfield. Urge your state Representative to stand strong in the face of these deceptive tactics and vote to protect YOUR Second Amendment rights! The House floor votes are close, so every call AND e-mail to your state Representative will make a difference.

Remind your state Representative that he or she represents you! Call AND e-mail them NOW. Don’t let them get away with punishing law-abiding citizens for the acts of criminals!

Contact information for your state Representative can be found here.

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

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

GAO: ObamaCare Could Add $6.2 Trillion To Long-Term Federal Deficit

Here’s another headline-worthy story you may not hear/ready about in the mainstream media. Andrew Stiles reported on the National Review blog The Corner earlier this week:

Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office (GAO) report released today.

Senator Jeff Sessions (R., Ala.), who requested the report, revealed the findings this morning at a Senate Budget Committee hearing. The report, he said, “confirms everything critics and Republicans were saying about the faults of this bill,” and “dramatically proves that the promises made assuring the nation that the largest new entitlement program in history would not add one dime to the deficit were false.”

President Obama and other Democrats attempted to win support for the health-care bill by touting it as a fiscally responsible enterprise. “I will not sign a plan that adds one dime to our deficits — either now or in the future,” Obama told a joint-session of Congress in September 2009. “I will not sign it if it adds one dime to the deficit, now or in the future, period.”

You can read Stiles’s entire February 26 post on his blog here.

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

Tags: , , , , , , , , ,

Illinois Could Have Nearly $22 Billion In Unpaid Bills By FY 2018

It’s been a while since I last blogged about the Civic Federation, an independent, non-partisan government research organization that provides analysis and recommendations on government finance issues for the Chicago region and State of Illinois. In late September 2011, the Chicago-based organization had just released its analysis of the enacted FY 2012 State of Illinois budget, and noted the financially-challenged state was expected to end the year with over $8 billion in unpaid bills from vendors, local governments, and others (related to business tax refunds, employee and retiree health care and Medicaid).

Over $8 billion in unpaid bills.

Fast forward to today. From a Civic Federation press release Monday:

Illinois’ Unpaid Bill Backlog Projected to Reach $22 Billion by FY2018

State urgently needs long-term plan to address rising pension and Medicaid costs, loss of income tax revenues

(CHICAGO) – An analysis released today by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability shows the State of Illinois is on track to accumulate nearly $22 billion in unpaid bills by FY2018 unless action is taken to curb rising pension costs and plan for increases in the Medicaid program…

“Nearly $22 billion in unpaid bills.”

Illinois residents, get ready to bust out your wallets.

You can read the entire Civic Federation press release here.

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

Tags: , , , , , , , , ,

Illinois State Rifle Association: Chicago Police Superintendent Garry McCarthy ‘Crosses The Line’

ISRA: Chicago Police Superintendent McCarthy Crosses The Line (via PR Newswire)

SPRINGFIELD, Ill., Feb. 17, 2013 /PRNewswire-USNewswire/ –The following was released today by the Illinois State Rifle Association (ISRA): Chicago’s embattled police superintendent dug himself deeper into a pit of controversy today by claiming that lawful firearm owners are agents of political corruption…

ANY CHARACTER HERE

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

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



Christopher E. Hill, Editor
504582 Visits 11/22/10-10/31/14
Please Rate this Blog HERE

Translate (Allow 1 Minute Per Page To Complete)


by Transposh - translation plugin for wordpress
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Buy Gold and Silver JM Bullion Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
Food Insurance Reviewed HERE
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
CHIEF Supply Reviewed HERE
ANY CHARACTER HERE
bullet proof vests BulletSafe Reviewed HERE
ANY CHARACTER HERE
BUDK Reviewed HERE
ANY CHARACTER HERE
Pyramyd Air is your one-stop shop for everything airgun related. PyramidAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives