North America

Jim Rogers: ‘Next Period Of Economic Turmoil Is Going To Be Worse Than What We’ve Seen In Our Lifetime’

A couple of days ago I came across an interview with well-known investor, author, and financial commentator Jim Rogers that was published on The Globe and Mail (Canada) website back on January 26. The former investing partner of George Soros in the legendary Quantum Fund answered a number of questions, including one about expressing “some pessimism about the world, particularly the U.S.” Rogers pointed out:

Every four to seven years since the beginning of the Republic, we’ve had economic turmoil. It has now been eight years since we had our last problem. We’re overdue. Mr. Trump has sworn trade wars with Mexico, China and a few others. If that happens, it’s all over. Trade wars have always led to bankruptcies—and often have led to wars, as well…

(Editor’s note: Bold added for emphasis)

Rogers added this warning later on in the exchange:

The next period of economic turmoil is going to be worse than what we’ve seen in our lifetime…

(Editor’s note: Bold added for emphasis)

When asked how he prepared financially for such upheaval, the Singapore-based investor replied:

I’m very long the U.S. dollar. It is not a safe haven- the U.S. is the biggest debtor nation in history- but people think it is, so there will be flight into it. It might even turn into a bubble, depending on how bad the turmoil is. Let’s hope I’m smart enough to sell. My plan then is to buy gold

(Editor’s note: Bold added for emphasis)

Greenback, then gold for Mr. Rogers.

Back on December 7, 2016, I blogged about a different interview in which this gameplan was mentioned.

On January 23, I brought up a MarketWatch article featuring Jim Rogers in which markets reporter Sue Chang wrote:

“This is a good time to add dollars,” said Rogers, who believes that the greenback will continue to rise through this year into 2018

(Editor’s note: Bold added for emphasis)

The Chairman of Rogers Holding also talked about where he sees the best investment opportunities now and other interesting subjects in the insightful Globe and Mail piece, which you can read on their website here.

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

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Monday, February 6th, 2017 Asia, Bankruptcy, Bubbles, Commodities, Crash Prophets, Currencies, Government, Investing, North America, Precious Metals, Trade, War Comments Off on Jim Rogers: ‘Next Period Of Economic Turmoil Is Going To Be Worse Than What We’ve Seen In Our Lifetime’

Milwaukee County Sheriff David Clarke: Mainstream Media Now Democrats’ ‘Propaganda Wing’ As Trump Defends Nation

Let’s turn our attention north of the “Cheddar Curtain” now. Milwaukee County Sheriff David Clarke, Jr., appeared on FOX News Saturday morning and really let the mainstream media and opponents of strengthening the borders/homeland security have it. On the sparring between President Trump and the mainstream media, Sheriff Clarke informed FOX & Friends Weekend viewers:

Well, first of all, the mainstream media, The New York Times, The Washington Post, CNN, MSNBC- they have become the propaganda wing of the Democrat Party and of leftist ideology. They abandoned their responsibility under the Constitution, their First Amendment protection. And we want them to have First Amendment protection but we don’t want it to be used against people whose political views they don’t agree with or that they oppose. They’re supposed to be a watchdog but instead what they have become, like I said, is an echo chamber for leftist ideology. So I think it’s good because the media has changed. And organizations like The New York Times, The Washington Post, and others do not realize that this is a new media age and every person in the United States now is their own reporter. And that is competition to them as well and they don’t like it.

On President’s Trump’s initiatives to protect the nation’s borders and strengthen homeland security, Clarke said:

First of all, I’m tired of these one-percenters like Mark Zuckerberg and others lecturing us about who we are. I know who I am, and most Americans know who we are. We are a sovereign nation. If you’re going to be a sovereign nation, you have to have borders and you have to protect those borders. Mark Zuckerberg has no idea of who’s coming into this country and what it takes to vet those individuals. I as a law enforcement officer- I’m in my 39th year- we do a lot of vetting of people. I know how it’s done. But you have to have databases with which to compare. So you take a name, someone coming in as a refugee. And we’re not talking about the kids. I’m tired of all this crocodile tears about the kids, the poor kids coming. We’re not talking that. We’re talking about abled-bodied, grown men, fighting-age, that should be back in Syria and back in the Middle East fighting for their country coming over to the United States to spread jihad. So that’s who we’re talking about. But if you don’t have a database, someone gives you a name, and you don’t have a database in Syria, because they don’t have the record systems and the databases like we have with people- you have nothing to compare it to. So they give you a name and you look and there’s nothing there. That doesn’t mean that they’re safe to come in. So Donald Trump is right on this. And I hope that the rest of the people in Washington, D.C., realize that this thing is a mess and we have to get our arms around it. And at least President Donald Trump recognizes that…

What’s interesting is former President Barack Obama said that they were already doing it. So if he said- and they weren’t- but if he said they were already doing it, and now President Donald Trump comes along and says we’re doing it and now these same people who said, “Well, hey, Barack Obama’s taking care of it”- these same people are now being critical of it. The hypocrisy of this is profound. But, President Donald Trump understands that his first obligation is to defend and protect American citizens, and defend and protect America from foreign threats. That is his first and most important obligation. So he is rising up to that. And people should be proud of that. It makes me feel more secure that finally, somebody understands that the defense of this nation is government’s number one priority.


“Sheriff Clarke: Mainstream Media Has Abandoned Its Constitutional Responsibility”
FOX News Video

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

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Monday, January 30th, 2017 Government, Immigration, Mainstream Media, Middle East, North America, Political Parties, Propaganda, Public Safety, Religion, Security, Terrorism, Wealth Comments Off on Milwaukee County Sheriff David Clarke: Mainstream Media Now Democrats’ ‘Propaganda Wing’ As Trump Defends Nation

Potential Inauguration Day Terror Threats

“Officials say so far there has been no specific or credible threat to Friday’s ceremony…”

-CBS News website, January 16, 207

Inauguration Day in the United States is set to take place this Friday, January 20. Here’s some potential threats by jihadists/sympathizers to the event and U.S homeland/interests that I’ve come across in the last couple of weeks. Siobhan McFadyen reported on the Daily Express (UK) website back on December 5:

Islamic State has declared the day Donald Trump is inaugurated as US president ‘Bloody Friday’ as it fears a brutal backlash from the new regime.

And the Islamic terror organisation is reported to have recruited a number of new English speaking operatives in recent months in a major bid to communicate messages ahead of the day.

US special forces will be on high alert when Mr Trump takes over as 45th President of the United States on Friday, January 20, 2017, in Washington, DC.

Security analysts have been following communications between members of the group.

According to reports ISIS has expanded production of special editions of official videos with English subtitles in recent weeks and with a view to reinforcing targets on US soil

(Editor’s note: Bold added for emphasis)

There’s also this from non-partisan watchdog group Judicial Watch on January 4:

A Jihadi-cartel alliance in the Mexican state of Nuevo León is collaborating to carry out attacks in American cities and ports of entry along the southern border, according to intelligence obtained by Judicial Watch from confidential U.S. and Mexican law enforcement sources. As part of the plan, militant Islamists have arrived recently at the Monterrey International Airport situated in Apodaca, Nuevo León, about 130 miles south of the Texas border.

An internal Mexican law enforcement report obtained by Judicial Watch confirms that Islamic terrorists have “people along the border, principally in Tijuana, Chihuahua, Coahuila, Nuevo León and Tamaulipas.” Cartel informants tell law enforcement contacts that “they are only waiting for the order and the times to carry out a simultaneous attack in the different ports of entry or cities of the United States of America.” Drug cartels have a working “agreement” with Islamic terrorists, according to a high-ranking Mexican police administrator, who said that men from the Middle East arrive regularly into the country to “train” jihadists…

(Editor’s note: Bold added for emphasis)

Finally, the January 4 discovery of a “cache” of long guns, handguns, possible homemade silencers, and ammunition in a wooded area near the Potomac River in Washington, D.C. could be terrorism-related:


“Authorities continue to investigate cache of weapons, ammunition found near Potomac River”
FOX 5 Video

Hope everyone has a happy and safe Inauguration Day.

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

Source:

McFadyen, Siobhan. “Exclusive: ISIS declares Trump inauguration day ‘Bloody Friday.'” Daily Express. 5 Dec. 2016. (http://www.express.co.uk/news/world/739508/ISIS-declare-Bloody-Friday-war-on-Trump-inauguration-day). 16 Jan. 2017.

“Jihadists Train, Plan U.S. Attack from Mexican Border State of Nuevo León.” The Judicial Watch Blog. 4 Jan. 2016. (http://www.judicialwatch.org/blog/2017/01/jihadists-train-plan-u-s-attack-mexican-border-state-nuevo-leon/). 16 Jan. 2017.

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Monday, January 16th, 2017 Government, Middle East, North America, Public Safety, Religion, Terrorism, War Comments Off on Potential Inauguration Day Terror Threats

Mexican Paper Reports ‘Migrants Flee To Chicago Before Trump Becomes President’

In a post yesterday about Chicago, I offered up the following to residents who look to remain in the city through what I suspect will be increasingly tough times:

Do yourself a favor and take a good, hard look at your financial and personal safety capabilities for successfully navigating any “storm” that may lie ahead…

Here’s one more thing these Chicagoans might want to consider:

Learn to speak Spanish, if you don’t already.

Back in high school, I informed one of my Spanish teachers that I wanted to learn the language because I envisioned a future where being able to speak it might come in handy around Chicagoland and in other parts of the country.

It has. Immensely.

Almost a decade ago, I mentioned to my girlfriend that Chicagoans had better get used to a growing Hispanic influence in the city, based on the demographic trends I was observing.

Perhaps even more so now, after reading an article on the website of Mexican financial newspaper EL FINANCIERO. In the piece entitled “Migrants flee to Chicago before Trump becomes president,” Anabel Clemente reported Tuesday:

Before Donald Trump is acting president, on January 20, Mexico’s consul in Chicago, Carlos Martín Jiménez, reported that there is already a displacement of migrants to that city, as a point considered a sanctuary .

During the 28th Meeting of Ambassadors and Consuls, he said that undocumented people, living in localities near Chicago, began moving to that city, where their mayor, Rahm Emanuel, has implemented support measures , such as establishing a Special office called New Citizens , and has put a free phone for those who do not have documentation.

“We have Indiana, which is quite anti-immigrant, almost half the state, and we have a lot of people in Wisconsin . Although there is a new consulate, people are already very accustomed to the Chicago consulate and then they are migrating to Chicago, precisely because of the sanctuary issue, “he said…

(Editor’s notes: Bold added for emphasis; Translation exactly as provided by the Google Translate website.)

You can read the entire article here in English via Google Translate or here in Spanish on the EL FINANCIERO website.

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

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Friday, January 13th, 2017 Demographics, Government, Immigration, North America, Political Parties, Population, South America Comments Off on Mexican Paper Reports ‘Migrants Flee To Chicago Before Trump Becomes President’

Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

Back on January 27, 2016, I asked:

Do any readers follow Martin Armstrong, economist at Armstrong Economics (and former chairman of Princeton Economics International Ltd.) and the creator of the Economic Confidence Model? While the jury’s still out on him (for me), I do read his blog almost daily…

I still “read his blog almost daily.” And something Armstrong wrote last week really caught my attention. From “The Termination of Cash Approaching Rapidly”:

I am becoming deeply concerned that the United States is headed into its version of a communist revolution under the label “progressive” and the bankers, who Larry Summers has always supported, will be used as the scapegoat for Wall Street and the “rich” who have to be stripped of their liberty and their money for the “good of the people” as they always say. The United States does not look like it will be a country we can recognize by 2032 if we can even make it past 2024. The United States will most likely break apart by 2036. There are separatist movements rising in many areas from Vermont and Texas to California, who reasons they voted for Hillary not Trump justifying their departure.

The entire purpose of eliminating cash is to strip us of our assets, liberty, and to prevent bank runs. The youth, who have been brainwashed by Bernie Sanders and people like Elizabeth Warren, will turn against the older generation and enslave them if at all possible. This threatens our future with outright civil war. They will not be satisfied until they destroy the freedom of their opposition. It is starting to appear that 2036 is our date with destiny

(Editor’s note: Bold added for emphasis)

America kaput by 2036- if not earlier?

That’s a pretty disturbing thought. And reading that blog post reminded me of an article I pulled up almost eight years ago on The Wall Street Journal website (my how time flies) by Andrew Osborn, who discussed a similar prediction made by Russian academic Igor Panarin, a former KGB analyst and Dean of the Russian Foreign Ministry’s school for future diplomats (then and now). On December 29, 2008, Osborn wrote:

Mr. Panarin posits, in brief, that mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar. Around the end of June 2010, or early July, he says, the U.S. will break into six pieces — with Alaska reverting to Russian control…

California will form the nucleus of what he calls “The Californian Republic,” and will be part of China or under Chinese influence. Texas will be the heart of “The Texas Republic,” a cluster of states that will go to Mexico or fall under Mexican influence. Washington, D.C., and New York will be part of an “Atlantic America” that may join the European Union. Canada will grab a group of Northern states Prof. Panarin calls “The Central North American Republic.” Hawaii, he suggests, will be a protectorate of Japan or China, and Alaska will be subsumed into Russia…

(Editor’s note: Bold added for emphasis)

Obviously 2010 came and went… and the good ol’ U.S. of A. remains intact.

But I can’t help but wonder if Panarin’s prediction might not be in the same category as an infamous forecast made by the American financial analyst Meredith Whitney about a wave of municipal defaults. I wrote back on December 22, 2010:

Last night Whitney, now CEO and founder of Meredith Whitney Advisory Group, appeared on CNBC and warned that a wave of defaults by state and local governments in the coming months will cause a sell-off in the municipal bond market, hurting U.S. economic growth and stocks- and causing social unrest

I blogged a year-and-a-half later:

Whitney will eventually be vindicated about the wave of defaults (her timing was just off)…

“Her timing was just off”

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

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Sources:

Armstrong, Martin. “The Termination of Cash Approaching Rapidly.” Armstrong Economics Blog. 24 Nov. 2016. (https://www.armstrongeconomics.com/world-news/taxes/the-termination-of-cash-approaching-rapidly-the/). 1 Dec. 2016.

Osborn, Andrew. “As if Things Weren’t Bad Enough, Russian Professor Predicts End of U.S.” The Wall Street Journal. 29 Dec. 2008. (http://www.wsj.com/articles/SB123051100709638419). 1 Dec. 2016.

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Thursday, December 1st, 2016 Asia, Bonds, Civil Strife, Class Warfare, Crash Prophets, Currencies, Defaults, Europe, Government, Immigration, North America, Political Parties, Revolution, Stocks, Wall Street, War, Wealth Comments Off on Martin Armstrong: ‘The United States Will Most Likely Break Apart By 2036’

331 Illinoisans On New Islamic State ‘Kill List’

I’ve heard of the Islamic State “kill lists” before. And the latest one supposedly includes 331 “targets” with Illinois addresses on it. Gilad Shiloach reported on the Vocative website earlier today:

A pro-ISIS “hacking” group calling itself the United Cyber Caliphate distributed its latest “kill” list this week. The group claims the list includes names, addresses, and email addresses belonging to 8,318 people, making it one of the longest target lists ISIS-affiliated groups have distributed.

In a post Vocativ uncovered on the messaging app Telegram that was written in both English and Arabic, the United Cyber Caliphate called on its supporters to “follow” those listed and “kill them strongly to take revenge for Muslims.”

Most of the names and the accompanying addresses listed appear to belong to people in the United States, Australia, and Canada. Out of 7,848 people identified as being in the U.S. alone, 1,445 were listed as having addresses in California, 643 in Florida, 341 in Washington, 333 in Texas, 331 in Illinois, and 290 in New York…

(Editor’s note: Bold added for emphasis)

So is this “kill list” legit? Anthony Izaguirre wrote on the Daily News (New York) website this afternoon:

It is not clear if followers of the United Cyber Caliphate have killed people on any of the lists posted by the collective.

And how does one find out who is on this latest “kill list”? Caleb Howe added on the RedState website this evening:

And before you ask, none of the reports offered any way to find out if you are on the list.

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

Sources:

Shiloach, Gilad. “New ISIS ‘Kill’ List Claims To Target Thousands Of Americans.” Vocativ.com. 8 June 2016. (http://www.vocativ.com/326931/new-isis-kill-list-claims-to-target-thousands-of-americans/). 8 June 2016.

Izaguirre, Anthony. “Pro-ISIS hacking group posts ‘kill’ list with names and addresses of thousands of Americans.” Daily News. 8 June 2016. (http://www.nydailynews.com/news/world/pro-isis-hackers-post-kill-list-featuring-thousands-americans-article-1.2666014). 8 June 2016.

Howe, Caleb. “TARGETED: New ISIS Kill List Posted Online Includes Thousands Of Ordinary Americans.” RedState.com. 8 June 2016. (http://www.redstate.com/absentee/2016/06/08/targeted-new-isis-kill-list-posted-online-includes-ordinary-americans/). 8 June 2016.

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Wednesday, June 8th, 2016 Australia, Middle East, North America, Public Safety, Religion, Self-Defense, Terrorism, War Comments Off on 331 Illinoisans On New Islamic State ‘Kill List’

Signs Of The Time, Part 105

Lausanne, Switzerland-based IMD World Competitiveness Center, publisher of the World Competitiveness Yearbook, “the leading annual report on the competitiveness of countries,” has just released its 28th edition of the publication. From their website:

The USA toppled as world’s most competitive economy
IMD World Competitiveness rankings released

30 May 2016 – The USA has surrendered its status as the world’s most competitive economy after being overtaken by China Hong Kong and Switzerland, according to the IMD World Competitiveness Center.

The sheer power of the economy of the USA is no longer sufficient to keep it at the top of the prestigious World Competitiveness Ranking, which it has led for the past three years.

The IMD World Competitiveness Center, a research group within IMD business school, has published the ranking each year since 1989 and it is widely regarded as the foremost annual assessment of the competitiveness of countries.

The 2016 edition ranks China Hong Kong first, Switzerland second and the USA third, with Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada completing the top 10…

“USA third”

Disappointing to hear, but not altogether shocking.

You can read the entire piece on IMD’s website here.

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

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Wednesday, June 1st, 2016 Asia, Europe, North America, Signs Of The Time Comments Off on Signs Of The Time, Part 105

Resource Of The Week: Steve’s Pages ‘US Joint Services Manuals’

Back on January 15, 2015, I named “Steve’s Pages” as the “Resource Of The Week.” I blogged:

Wish you had a manual for a particular gun?

Chances are, you can find it on Steve’s Pages.

Stephen Ricciardelli has compiled a ton of FREE firearm manuals in .pdf format on the aptly-named Steve’s Pages website…

Regrettably, Mr. Ricciardelli passed away. However, not only does his site live on, but there’s another section of it that contains an incredible number of U.S. military manuals and other publications which can also be downloaded for free (donations encouraged). Categories include:

• US Air Force Manuals
• US Army Correspondence Courses
• US Army Field Manuals
Note “FM 3-05.70” “17 May 02” “Survival”
• US Army Training Manuals
• US Army Forms
• US Marine Corps Manuals
• US Navy Manuals
• US Joint Services Manuals
• US Federal Highway Administration
• Other Publications
• Canadian Manuals

Like that section containing firearm manuals, another great resource. You can visit the military manuals section of Steve’s Pages here.

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

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

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Friday, April 15th, 2016 Government, How To, Military, North America, Resource Of The Week, SP Resources Comments Off on Resource Of The Week: Steve’s Pages ‘US Joint Services Manuals’

Ted Koppel Warns Of All-Out Cyberattack On U.S. Power Grid

“Yes, it’s frightening. It is frightening enough that my wife and I decided we were going to buy enough freeze-dried food for all of our kids and their kids…

Do I believe I got it wrong? No. I spent a year-and-a-half trying to get it right and unfortunately I think I did.”

-Veteran U.S. journalist Ted Koppel, referring to the possibility of a nation-wide power outage resulting from a massive cyberattack by America’s enemies against the electrical grid

“In the dark over power grid security”
CBS News Video

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

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Thursday, November 12th, 2015 Asia, Energy, Europe, Government, Middle East, North America, Preparedness, Religion, Technology, Terrorism, Utilities, War Comments Off on Ted Koppel Warns Of All-Out Cyberattack On U.S. Power Grid

Signs Of The Time, Part 88

The Financial Times (UK) website reported yesterday that Z/Yen, billed as “the City of London’s leading commercial think-tank,” just published its eighteenth Global Financial Centres Index. GFCI 18, as it’s otherwise known, rated 84 of the world’s financial centers. From a Z/Yen press release Wednesday:

London has moved ahead of New York to reclaim the number one position. London climbed 12 points in the ratings to lead New York by eight points…

London, New York, Hong Kong, and Singapore remain remain the four leading global financial centres. New York, in second place is now 33 points ahead of Hong Kong in third. Tokyo, in fifth place, is 25 points behind the leaders…

Toronto (8th), San Francisco (9th), and Washington, D.C. (10th) were other North American cities in the “top ten” of this year’s Index.

You can read the entire Z/Yen press release on their website here (.pdf format).


YouTube Video

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

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Thursday, September 24th, 2015 Asia, Europe, North America, Signs Of The Time Comments Off on Signs Of The Time, Part 88
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  • Degussa Singapore Launches YouTube Channel
    It’s been some time since I last blogged about the first Asian branch of Degussa, a leading international player in the precious metals world. Degussa Singapore opened its doors at 22 Orchard Road in October 2015 and operates a safe deposit box service in addition to selling bullion bars, coins, and precious gifts. Yesterday I […]
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  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- was recently updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Royal England Safe Deposit Box Ltd.) -Thailand (Magna Carta Law […]
  • Next Degussa Numis Day To Take Place May 4, 5
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has just posted information about their next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and […]