Mainstream Media

Signs Of The Time, Part 82

I had a tough choice to make earlier tonight- either watch President Obama’s 2015 State of the Union Speech, or finish up doing laundry.

After all my clothes were put away, I saw on my Internet service provider’s home page some jibberish about how some “shadow of crisis” had passed. I pulled up a transcript of the President’s speech tonight and sure enough there was this:

America, for all that we’ve endured; for all the grit and hard work required to come back; for all the tasks that lie ahead, know this:

The shadow of crisis has passed, and the State of the Union is strong.

At this moment — with a growing economy, shrinking deficits, bustling industry, and booming energy production — we have risen from recession freer to write our own future than any other nation on Earth. It’s now up to us to choose who we want to be over the next fifteen years, and for decades to come…

Mark my words. The “shadow of crisis” hasn’t passed. It was merely papered over. Keynesian “enlightenment,” government intervention, bailouts, stimulus packages, quantitative easing, QE 1, QE 2, QE 3, willing-and-able presstitutes, and what do we have? The Not-So-Great Recovery. Answer me this- if the economy is so strong, why have interest rates been effectively at zero for how many years now? “But Janet Yellen and the Federal Reserve are going to start raising interest rates soon.” We’ll see, but if they do, I suspect rates will be raised incrementally, and I can’t help but wonder if the next few years won’t resemble the early part of last decade when a housing bubble inflated (and eventually popped) under the guise of a strong economy, but with the Fed slow on the trigger to raise rates and take way the punch bowl. This time around, we could even have multiple asset bubbles (in bonds? housing? stocks?) formed before the next installment of the longer financial crash arrives. Who knows exactly how the next crisis will play out, but I’m pretty sure the end result will be much uglier than the last episode. Not many bullets left for Uncle Sam and the central bank to use.

One more thing. “We have risen from recession freer to write our own future than any other nation on Earth.” God forbid anyone scratch the surface to reveal how many more trillions of dollars of debt has been piled on our financial house of cards in order to kick the can down the road a little bit more. There’s no escaping the fact that the United States is the world’s largest debtor nation. And another inconvenient fact happens to be that taking on significant debt is akin to slavery.

“Freer to write our own future.” If only it were true. Financial reckoning day is more like it.

I’ll leave Survival And Prosperity readers with this. Back in the early 1990s while attending the University of Illinois in Urbana-Champaign I remember listening to a recording of “The Rat Pack” in action. Frank Sinatra was chiding Dean Martin and Sammy Davis, Jr. Now, the “Chairman Of The Board” made an observation that better describes the situation we’re in than what the President Of The United States said this evening:

You’ve had your fling and you flung it.

Enjoy the “good times” while they last, then prepare to batten down the hatches.


Scene from The Final Countdown (1980)
YouTube Video

Note that it’s not the end of the word I’m talking about here. But things will definitely suck for a while before the economy and society gets better again. By that time, we’ll probably be well on our way to having passed the baton to China.

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

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Illinois State Police Releases Concealed-Carry Statistics For 2014

Following up on last Sunday’s post about Illinois concealed-carry, the other day I found out the Illinois State Police just released a report entitled Concealed Carry Statistics 2014. I got the chance to examine it this morning and pulled the following which may interest Illinois readers of the blog. From January 1, 2014, to December 31, 2014:

• Applications Active By County- 91,651
• Applications Denied By County- 2,359
• Licenses Revoked By County- 175

Concerning applications active by the counties comprising the Chicagoland area:

• Cook County- 23,921
• DuPage- 5,577
• Kane- 2,873
• Lake- 4,252
• McHenry- 2,555
• Will- 6,134

All those Illinois Concealed Carry Licenses. It’s got to be just a matter of time before the streets are running with “rivers of blood,” right?

Sarcasm aside, if (when?) it gets to the point that Illinois concealed-carry permit holders start “perforating” the bad guys with some regularity- no matter how justifiable the shootings were- the anti-gun/gun “control” crowd and their presstitutes will be screaming at the top of their lungs how the “Land of Lincoln” has become the “Wild West.”

As if they would know…


YouTube Video

You can read the entire Illinois State Police report (.pdf format) here. And to find out more about the Illinois Concealed Carry License, head on over to their website here.

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

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Chicago-Area Legality Of Self-Defense Tools Revisited

“That’s why my attitude has changed to, fuck the citizens.
When you need help people, call a protester.
My check will still come every 1st and 16th of the month.”

-Comment left on Second City Cop blog post, December 24, 2014

In the future, I see a myriad of problems for Chicagoland residents when it comes to police protection. The source will be economic in nature, with the “thin blue line” getting stretched more than most can imagine as Chicago-area police agencies see their budgets slashed significantly with the next financial crisis.

I’d argue this situation has already arrived. Look at the Chicago Police Department and all the spin that’s being deployed and goal posts being moved by City Hall because of financial difficulties in achieving/maintaining a fully-manned police department.

I predict work conditions will also steadily deteriorate. De-policing and work stoppages could very well accompany this slide as law enforcement officers inevitably take stock of their situation.

Police activity could also decrease if certain politicians, race agitators, the mainstream media, and other self-interested parties continue to support and spotlight the police haters in our society. Just to give you an idea of how much attention is being given to these “squeaky wheels making lots of noise,” the Rolling Stone magazine website ran a piece on December 16 entitled:

“Policing is a Dirty Job, But Nobody’s Gotta Do It: 6 Ideas for a Cop-Free World”

And under the headline was this:

“It’s time to start imagining a society that isn’t dominated by police”

“It’s time to start imagining…” That pretty much summed up the piece right there.

Anyway, the point of this post is to announce that in light of what I see coming down the pipeline regarding police protection in and around the “Windy City,” I will be reviewing Chicago-area laws concerning self-defense tools.

Regular readers may recall that I pulled up information on the legality of such personal protection devices as expandable batons, knives, firearms, and pepper spray in Chicago, Cook County, and the State of Illinois starting around Halloween 2013. But seeing as new laws keep being added to the books, and in light of the personal safety challenges I think are ahead of us, now is the perfect time to revisit this material.

We’ll get started next week…

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

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Gabe Suarez: ‘Today, Every Man Is A Counter Terrorist’

Because I’m busy compiling new “Resources Of The Week” for 2015, there’s won’t be a post from that series tonight.

But I also wanted to share with Survival And Prosperity readers before the week was out something I read earlier this evening on the Facebook page of The Suarez Group (“a multi-national corporation involved the study and application of high end weapons, and leading edge tactics, for students of the art of personal combat”).

I first mentioned Gabe Suarez, head of The Suarez Group and a decorated veteran of Southern California law enforcement, on this blog back in my April 28, 2011, post entitled, “The Next Mumbai-Style Terrorist Attack.” I wrote back then:

If an American Mumbai occurs, I’m guessing it will go down in a high-profile, internationally-known city whose residents/workers are likely to be unarmed and incapable of defending themselves against rampaging terrorists with automatic weapons- like my hometown of Chicago.

Still, it doesn’t hurt for Americans outside of the “Windy City” to prepare for such an event. Consider what Gabe Suarez, a decorated veteran of Southern California law enforcement and president of the personal safety training outfit Suarez International, wrote in his blog Warrior Talk News on May 6, 2010:

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

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

So what do we do?

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

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

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

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

Be ready or be a victim.

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

No holds barred, right? Anyway, Suarez wrote the following yesterday concerning tactical matters related to the terrorism in France:

Today,

EVERY MAN IS A COUNTER TERRORIST

So consider the following – if you can, be armed always. Yes…I know. But consider the implications. Of the ten dead civilians in France, how many would have willingly disobeyed unconscionable laws in order to stay alive? If it is difficult, learn to conceal the weapon better. At the very least have a knife with which to stab a terrorist to death.

And stabbing a man to death is an exercise in extreme violence. It is not some strip mall karate school exercise done with high school kids to get in shape. It is violent and sudden and what the body does in its final moments will shock you…maybe, if you haven’t gotten your mind right about such matters.

If you look like the King Of Comedy rather than the King Of the Cage, put down the f*cking remote and get your ass in fighting shape. The terrorist coming to kill you has taken his fitness seriously…do you think he is kidding?

If you are armed your life is easier. Resist the temptation to leave the real sized fighting gun at home and go forth with some “civilian friendly metro sexual” pistol. Anyone can carry a full sized fighting pistol with a little fore thought and care in dressing for the weapon.

Consider that a terrorist event like what we saw in France is not the same as a CCW self defense encounter with concerns over legality, disparity of force, or liability. The moment that it is a terrorist event, all other concerns are non-issues. And a man or men with masks and rifles classifies as that.

Learn to shoot accurately at distance. There were guys photographing and videotaping the assassination of the French police officer. A good practiced hand with a proper pistol might have killed one or both of those terrorists at the distance.

There will be no warnings, no posting and challenging, only recognition of threat and escalation of violence…or as I term it, “getting ahead” of the fight by shooting. Learn to shoot faces and necks at room distances. Yes, there is a chance you will be killed by the terrorist…but you will be killed anyway.

And how do you want to look for the Crime Scene photos?

Under a desk hiding with a terrified look on your face and a back full of 7.62×39 rounds, or a smiling corpse on a mountain of brass and dead terrorists? I pray if I am given that choice I will be the guy in the second image. But….but, you might not be either one. You might survive and win if you are decisive enough, accurate enough, and violent enough.

Let us all be those things.

“A smiling corpse on a mountain of brass and dead terrorists”

Classic Suarez. And several points I, for one, will be left thinking about this weekend.

You can read the entire Facebook post on The Suarez Group’s page here.

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

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Signs Of The Time, Part 80

A couple of days ago my parents’ XFINITY TV Go (offsite cable TV viewing capability) was being streamed via computer at my home in the Chicago suburbs. Pretty neat stuff.

Imagine my surprise when a commercial for a nearby shop popped up on the TV screen- complete with a map of its location.

This happened again with an entirely different store shortly thereafter.

I have to admit- I was kind of creeped out after witnessing that on my television set.

There was just something “Orwellian” to all of it.

Time to bust out the tin foil hat, right?

I read and saw the movie 1984 back when I was in high school in the eighties. I remember thinking at that time life in America would just suck, suck, SUCK if it ever came to that.

And yet, these days, I feel the country is slowly-but-surely heading there.

The signs are all around. And the so-called “Fourth Estate” isn’t exactly helping:


“Newscasters Agree: A Christmas Present Or Two Or Ten Edition”
YouTube Video

I just hope this disturbing devolution can be reversed before it’s too late.

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

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Sky News Investigates Preppers

Our cousins across the pond are taking a particular interest in preppers these days.

Last week, it was the folks over at The Economist (UK).

This week, it’s Sky News.

Dominic Waghorn investigated preppers for a report entitled The Doom Boom which aired on Britain’s Sky News last night. The U.S. correspondent started with:

I’ve reported from around the world on countries coping with adversity. In America, I’ve witnessed terrorist attacks, extreme weather, civil unrest. But I’ve never felt society here is on the brink of collapse. And yet it seems, an increasing number of Americans do. I want to find out why, and what they’re doing to get ready.

Waghorn then met with several preppers (a few of Doomsday Preppers-fame), including:

• Holly Blevins
• Jay Blevins
• Catherine Bryson
• Jamie Bryson
• Braxton Southwick
• Colton Southwick
• Kara Southwick
• Rylee Southwick

Sky News did a pretty good job with the report. It wasn’t the usual hit piece many have come to expect from the mainstream media with regards to preppers.


Sky News: The Doom Boom
YouTube Video

However, some in the preparedness industry who viewed the production may have been a little irked with the association of fear and providing goods/services to the prepper community. Consider the following from Waghorn:

And for those who trade on fear, business has never been better.

Larry Hall has made a name selling to people with a lot of money, and a lot of fear.

Fear is big business in the U.S., but doom and bloom has spawned an industry worth millions.

(Editor’s note: Bold added for emphasis)

Finally, there was this exchange between Larry Hall of Luxury Survival Condo (who also featured in a Doomsday Preppers episode) and Waghorn:

WAGHORN: Because there’ll be people I suppose who look at this and think, well, the whole prepping industry has become an industry and you presumably have made a fair amount of money out of this. And in a sense, what people like you are doing is peddling fear and profiting from it. What do you say to people like that?
HALL: Well, again, I don’t think it’s fear. I think it’s awareness. I think that fear has a negative connotation. I don’t think I’m peddling fear. I think I’m peddling preparedness. And there’s a big difference.

“I’m peddling preparedness. And there’s a big difference.”

Nice. And that may be the case with Hall and a lot of other vendors in that industry. But no doubt there are those “peddling fear” these days, so it pays to be aware of that.

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

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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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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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Peter Schiff Blasts U.S. Jobs Report, Irrational Exuberance 2.0, So-Called Experts

“Bullish U.S. jobs report keeps Fed on track for mid-2015 rate hike”
-Reuters website, December 5, 2014

“U.S. Stocks Rise After Strong Jobs Report”
-The Wall Street Journal website, December 5, 2014

“Hiring surged in November as employers added 321,000 jobs, crowning 2014 as the strongest year for job growth since 1999.”
-CNN Money website, December 5, 2014

Any readers thinking Friday’s U.S. jobs report sounded too good to be true?

Euro Pacific Capital’s Peter Schiff did, and in his Friday entry on The Schiff Report Video Blog on YouTube, the “crash prophet” let the Pollyannas have it. Schiff pointed out:

If you actually look beneath the surface of this “strong” report, there are a lot of problems. First of all, again, more than half of the jobs that were created were low-paying jobs. You’re talking about secretarial, administrative assistant-type jobs, waiters, bartenders, retail. Also jobs in leisure and hospitality, temporary services- that’s more than half the jobs. Also, there’s another report that comes out which is the household survey. This is the establishment survey- the non-farm number. But there’s a household survey, and that one was flat. Basically, no gain in jobs in November. And in fact, they reported about 150,000 decrease in full-time jobs. So it was made up by an increase in part-time jobs. And in fact, in that household survey, you find that the big job losers went to younger people. People 16 to 24- there was a big drop in their numbers in the workforce. But you had a record number of people 55 and older entering the workforce. Labor force participation, which is still 62.8, which matches the lowest level since 1978. The labor force participation for older people, who should be retiring- that’s going up. But the labor force participation for younger people, who should be entering the work force- that’s going down

Why can’t we produce full-time jobs for these millions of Americans who are working part time but who want full-time jobs? And the answer is- because we’re not creating full-time jobs. We’re really creating part-time jobs. And I believe a lot of these jobs have to do with an anticipation of a robust holiday shopping season and a robust 2015. Because everybody is convinced that we have this recovery that businesses are gearing up to prepare for. And I think they’re gearing up for a huge disappointment. I’ve described the recovery as a mirage, and the closer we get to when it’s supposed to start, I think the more people will see it for what it is. It is a fantasy, it is not a reality…

This is supposedly the best year for job creation since 1999- this is what the media is saying. Well if this is really the case, if this is the best year for job creation, why is the shopping season so poor? And why did the Republicans just win in a landslide in these mid-term elections that just happened, when the voters said the reason they were voting Republican, is because they were frustrated by a weak economy. They felt the economy was going in the wrong direction. Well everybody is so excited about this “miracle”- this economic miracle of a recovery- except for the people who are supposedly living in the miracle. Because to them, it’s not a dream, it is a nightmare.

Noting that Friday was 18 years to the day that former Federal Reserve Chairman Alan Greenspan gave his “irrational exuberance” speech, Schiff warned about the new “irrational exuberance” in America that easily surpasses 1996’s version. From the vlog:

If we’re going to talk about irrational exuberance in the markets, eighteen years ago is nothing compared to the irrational exuberance that we have today. Today, we are off the charts irrational and exuberant considering the enormity of the problem…

None of the so-called experts who are talking about the “economic miracle” and “these amazing numbers” and how “our economy is the envy of the world”- none of these guys saw the problems at the peak in 2000. They didn’t see the problems in the housing market or the coming financial crisis in 2007 and 2008. So they have a lousy track record when it comes to identifying in advance the problems that underlie the economy. And I think the problems that are underlying the economy now are bigger than ever, and the “experts” are blinder than ever.


“Does Today’s Overhyped Jobs Report Mean 1 Out of 4 Ain’t Bad?’
YouTube Video

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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Quote For The Week

“By giving us the opinions of the uneducated, journalism keeps us in touch with the ignorance of the community.”

-Oscar Wilde (Irish writer and poet. 1854-1900)

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

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Sunday, December 7th, 2014 Mainstream Media, Quote For The Week No Comments

China Overtakes U.S. As World’s Largest Economy

“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”

-Warren Buffett, famous American investor

Lost in all the mainstream media frenzy over protests/riots related to the deaths of Michael Brown and Eric Garner was the following from MarketWatch columnist Brett Arends this morning:

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A…

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

(Editor’s note: Bold added for emphasis)

While this century may very well go down in history as being “China’s Century,” I suspect the nation of 1.36 billion people will suffer setbacks (some serious) not unlike America did in the years leading up to it becoming a superpower. Despite this, the Chinese look to be taking the baton from the U.S. as far as 21st century hegemony is concerned.


“Little Apple- 2014 Hot Song in China”
YouTube Video

You can read the rest of Arends’ piece on the MarketWatch website here.

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

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Thursday, December 4th, 2014 Asia, Hegemony, Mainstream Media No Comments

Peter Schiff: Swiss ‘No’ Vote May Signal Gold’s Bottom, Return Of Bull Trend

“Swiss voters overwhelmingly rejected an initiative on Sunday that would have forced the country’s central bank to hold one-fifth of its assets in gold, a move that would have eroded its ability to conduct monetary policy.

Citing projections from results in 19 of the country’s 26 cantons, Swiss television said roughly 78% of voters opposed the initiative, dubbed ‘Save Our Swiss Gold.’ The gold initiative would have also barred the Swiss National Bank from selling gold in the future…”

-The Wall Street Journal website, November 30, 2014

I hadn’t been paying too much attention to that Swiss vote on gold. But after the mainstream financial news outlets cheered the Swiss citizens rejecting the initiative, I thought this could rank right up there with the United Kingdom selling off half its gold reserves in 1999 when the precious metal was valued at only $300 an ounce- a 20-year low at the time.

In other words, a move the Swiss may very well come to regret in the coming years.

To each their own, I always say.

And Wednesday, the CEO of Euro Pacific Capital, Peter Schiff, shared his thoughts about Switzerland’s rejection of the yellow metal. From his December 3 SchiffGold “Gold Videocast” entry on YouTube.com:

I actually believe that the “no” vote- from the long-term perspective- is even more bullish for the price of gold than had Switzerland voted to back their currency with 20 percent gold…

Thinking about it from a historical perspective, if there’s a chance that we saw the lows for the entire gold move on Sunday night, it would be ironic, and then I think makes a lot of sense, that the Swiss “no” vote on adopting even a modified gold standard would mark the low point for gold. Just like you have the Bank of England dumping a bunch of gold at the lows, I mean, central banks or actions around central banks sometimes mark key points. And the fact that the Swiss said “no” to gold, “we don’t want it,” that may be the day that gold actually bottomed out and now we’re resuming the bull trend. Only time will tell whether that is the case. But again, if it’s not the absolute bottom, I think it’s close enough not to worry about it, and I think that people need to be buying the gold that the Swiss citizens just told their bank not to buy. And not only the gold, silver. Because if gold goes up, silver’s going up. So buy both metals.


“Gold Videocast: Swiss Franc No Longer a Safe Haven
and a Possible Bottom in Gold”
YouTube 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.)

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Potential Blowback From Chicago’s Minimum Wage Hike

In case you haven’t heard, the City of Chicago just approved a minimum wage hike for all workers in the city. From the Mayor’s Press Office on December 2:

Mayor Emanuel, City Council Approve Ordinance to Increase Minimum Wage in Chicago to $13 by 2019

City Council today passed an ordinance that will raise the minimum wage for all Chicago workers to $13 per hour by 2019. This measure, sponsored by Mayor Rahm Emanuel, Alderman Will Burns, Alderman Pat O’Connor and 31 other aldermen, will increase the earnings for approximately 410,000 Chicago workers, inject $860 million into the local economy, and lift 70,000 workers out of poverty…

On December 1, Mayor Emanuel and a group of Aldermen introduced a substitute ordinance based off of Senator Kimberly Lightford’s bill that gets the City of Chicago to a $10 minimum wage in roughly seven months, an $11 minimum wage by 2017, and to a final minimum wage of $13 by 2019, plus inflation increases after 2019.

Personally, I interpret the hike as merely an election-year ploy to help Rahm Emanuel and the siting aldermen in the upcoming February 24, 2015, Municipal General Election in Chicago. Consider the following from Joseph Erbentraut on the Huffington Post website Tuesday:

The fast-tracked plan, one of three wage-increase proposals considered by city officials this week, is backed by Mayor Rahm Emanuel in what some critics say is a political move designed to win favor with left-leaning Chicago voters ahead of the February 2015 mayoral election

(Editor’s note: Bold added for emphasis)

While it’s nice to think a number of Chicago workers will be getting raises, the potential blowback could be significant. And Chicago residents may be on the receiving end. Back on June 22, 2014, I was reading the latest issue of The Sovereign Society’s weekly electronic publication the Sovereign Digest. Jeff Opdyke and Erika Nolan commented on the nationwide push for minimum wage hikes. They noted:

All over the country, unwise politicians are pushing a misguided “living wage” agenda that’s driving minimum wages higher. Seattle, for instance, just recently approved a $15-per-hour minimum, which is already biting the city in the butt in two ways. First, as I and anyone with two brain cells to rub together rightly pointed out, companies are finding that low-level managers now want pay raises, too, to rightly keep their pay commensurately above the people they’re managing. Doh! And other companies are imposing a “living wage tax” on consumers to cover the rising labor costs. As both of those trends spread — and they will — a form of inflation creeps into the system more broadly.

(Editor’s note: Bold added for emphasis)

As the above relates to the “Windy City”- Chicagoans should be prepared to pay higher prices for certain items/services.

There’s one more way Chicago residents may be impacted directly and adversely by the minimum wage hike. Sparing readers the simple economics involved with Tuesday’s action down at City Hall, a number of Chicago business owners- realizing now or later the disadvantage they’re at compared to competitors outside city limits- will be shuttering their stores shortly or down the road- either by choice or not- as a result of this hike.

Shuttered businesses= lost revenue via fees/taxes for the City

Something else to chew on. The country is just about due for an economic recession (against which the government and Fed have mostly run out of “bullets” due to the economic crisis late last decade). Forcing raises on a number of Chicago businesses still smarting from the so-called “Great Recession” could be a death sentence for them.

As for those workers in the city who will supposedly benefit from the minimum wage hike? Regrettably, pink slips could be a real possibility for a number of them.

In summary, there’s a good chance the City of Chicago, Chicago residents, and minimum wage workers in the city are ultimately going to get stung by Tuesday’s political theater. And the pain could be coming sooner than later. Just don’t expect City Hall and their friends in the mainstream media to publicize the debacle if/when it goes down.

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

Source:

Erbentraut, Joseph. “Chicago City Council Approves Plan For $13 Minimum Wage Despite Opposition.” Huffington Post. 2 Dec. 2014. (http://www.huffingtonpost.com/2014/12/02/chicago-minimum-wage_n_6255436.html). 3 Dec. 2014.

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Guns, Ammo Being Removed From St. Louis-Area Gun Shops By Order Of Police?

“A grand jury has reached a decision on whether to indict Darren Wilson, the white Ferguson, Mo., police officer whose fatal shooting of an unarmed black teenager sparked days of turbulent protests, sources close to the process said.

Missouri Gov. Jay Nixon (D) and the county prosecutor’s office are expected to hold news conferences later Monday, and prosecutors have notified the family of Michael Brown — the teen who Wilson killed — that the grand jury’s decision will be announced Monday night, family attorney Benjamin Crump said…”

-The Washington Post website, November 24, 2014

Last night I told my girlfriend that Monday would probably be the day for the announcement of the grand jury’s decision on the Michael Brown shooting (wasn’t going to happen on a weekend- “party time”- or too close to Thanksgiving because of the potential economic impact any violence could have). And by the looks of it, it will be coming Monday night.

There’s no shortage of people predicting Ferguson-related protests are bound to descend into rioting and looting if Officer Wilson isn’t indicted. We’ll find out if they’re correct in a matter of hours, I’m guessing.

I know one thing though. If I resided in an area that could be affected by civil unrest stemming from an announcement of no indictment, I would have prepared for this possibility some time ago as much I possibly could have (I understand financial/time constraints often get the best of us).

Paranoia? Hardly. All I’d be doing is taking responsibility for the safety of loved ones and myself in advance of a potentially-volatile situation where life, limb, and property could be threatened.

Now, I recently blogged about firearm sales being brisk around St. Louis. For those area residents still looking to purchase a gun and/or ammunition- I understand you might be out of luck at this point. From Valerie Beaumont over at the Addicting Info website Saturday:

A St. Louis area gun shop refused a sale to an African-American woman because, according to the clerk, St. Louis police informed gun stores that Darren Wilson will not be charged. To be clear, this was not an instance of racism (not in the traditional sense, anyway) — the shop was just in the process of removing all guns and ammunition from the premises, allegedly on the order of police.

“Did you notice the tractor trailer back there to our loading dock?” the man asked the woman, who responded with an affirmative. “All the guns are already packed in, and we’re taking all the pawns out of here too, just to protect our customers’ merchandise.”

“They’ve been saying that they’re gonna target gun stores and pawn shops,” the clerk told the woman. “This came from law enforcement; it’s what they told us. They sent out memos and everything.”

(Editor’s note: Bold added for emphasis)

At this point in the game, for those Survival And Prosperity readers in the crosshairs of potential civil strife related to Ferguson, I pray for your safety. Hopefully, peaceful protests rule the day (and night).

You can read Beaumont’s entire piece here.

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

(UPDATE: I just got done watching a couple hours of streaming video of Ferguson this Monday night courtesy of Bassem Masri on Ustream and Infowars. The situation there steadily eroded after the “no indictment” announcement, and what I saw unfold was much worse than what the mainstream media is reporting at this time. Burning vehicles (I counted three), looted businesses (liquor store, hairdressers, mobile communications store), torched buildings (Sam’s Meat Market- which was defended by armed individuals back in August, a storage facility office, another business that wasn’t identified), multiple gunshots (firefighters had to pull back from Sam’s because they were being fired at), and much more insanity. I was even forced to stop watching Masri’s Ustream feed (approximately 90,000 viewers at one point) because his phone was ripped from his hand and stolen during the chaos. Just plain crazy. And according to the Infowars guys (Jakari Jackson and Josh Owens), it’s been said the second day of the 1992 Los Angeles riots was the worst. Great.)

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FBI, DHS Warn Syria Airstrikes May Embolden ‘Homegrown Violent Extremists’

When I heard last night that the U.S. and its allies had initiated airstrikes against Muslim extremists in Syria, I wondered how long it would be before a retaliatory attack was attempted. It’s nice to see the Feds anticipating the same from the jihadists and/or their sympathizers. From an Associated Press piece today on the FOX News website:

There is no indication of advanced Al Qaeda or Islamic State group terror plotting inside the United States, but airstrikes in Syria may have temporarily disrupted attack planning against U.S. or Western targets, according to a security bulletin Tuesday from the FBI and the Homeland Security Department…

In a five-page Joint Intelligence Bulletin obtained by The Associated Press, the government warned that airstrikes targeting the Al Qaeda-linked Khorasan and Islamic State groups could also embolden homegrown violent extremists inside the United States who already have grievances about the U.S. because of military action in predominantly Muslim countries.

While the intelligence community hasn’t viewed Islamic State an immediate threat to the U.S. homeland, officials have been very concerned about Khorasan operatives plotting attacks against the U.S.

The Khorasan group is a cadre of veteran Al Qaeda fighters from Afghanistan and Pakistan…

(Editor’s note: Bold added for emphasis)

If “homegrown violent extremists inside the United States” do in fact strike, how will they carry out their assault? Bombing, mass shooting, poisoning some restaurant salad bar? Who knows? But keep the following in mind- something I blogged back in April 2011:

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

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

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

So what do we do?

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

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

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

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

Be ready or be a victim.

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

Add to readiness a healthy dose of situational awareness, and I suspect those practicing both are leaps and bounds ahead of most Americans in being prepared to anticipate and react to the violent acts of some jihadist or sympathizer the Feds are warning about in that latest security bulletin.

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

Source:

“DHS says Syria airstrikes may have temporarily ‘disrupted’ terror plotting.” Associated Press. 23 Sep. 2014. (http://www.foxnews.com/politics/2014/09/23/dhs-says-syria-airstrikes-may-have-temporarily-disrupted-terror-plotting/). 23 Sep. 2014.

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Christopher E. Hill, Editor
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