Illinois Debt Crisis Latest: $9 Billion Annual Deficit, $159 Billion In IOUs

Illinois residents are waking up to disturbing news this morning. From the “Press Room” over on the website of the Institute of Government and Public Affairs at the University of Illinois:

Illinois faces $9 billion annual deficit and $159 billion in IOUs

New analysis (PDF) by the Fiscal Futures Project finds no easy fix to Illinois’ chronic fiscal imbalance. Illinois now faces a $9 billion annual deficit that will grow to $14 billion by FY 2026.

“Years of pay-later budgeting has resulted in a massive imbalance between sustainable revenue and spending,” said Richard Dye, co-director of the Fiscal Futures Project. “Like a person in deep credit card debt, the state has been spending more than it can afford, and is covering the gap by issuing IOUs.” The report finds that the state’s IOUs now total $159 billion—more than twice the inflow of revenue in a single year. It’s a monumental problem that will require a long-term fiscal plan that includes tax increases, spending cuts, and economic growth.

The report, Apocalypse Now? The Consequences of Pay-Later Budgeting in Illinois, examines what it would take to balance the budget. The options are limited.

• Bringing back the 2011 tax increase would close only about one-half of the gap projected for the next several years.
The problem cannot be solved with spending cuts alone. Because Illinois can’t cut debt service or pension payments, it would take at least a 20 percent cut of all remaining spending to eliminate the deficit. This includes education, corrections, Medicaid, public safety, transportation, and more.
• Economic growth is also not a cure-all: an increase in the growth rate of personal income by an extra one-half percent every year for 10 years (an optimistic scenario) would only have a modest effect on the deficit.

The report concludes: “Changes in awareness, expectations, and policy are needed to restore fiscal balance in Illinois. Being saddled with paying past years’ bills means that today, Illinoisans must reduce their expectations for the services that they can expect from government and be prepared to pay more for government, now and in the future.”

(Editor’s notes: Bold added for emphasis)

Like I blogged a week ago:

A lot less government services. Much higher fees, fines and taxes.

An outcome I see for Chicago, Cook County, and Illinois residents down the road.

And plenty of Illinoisans wonder why their neighbors are high-tailing it out of the “Land of Lincoln.”

You can read a summary fact sheet or the entire report over on the IGPA website here.

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

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JM Bullion Sale: 5 Oz Sunshine Silver Bars Only 89¢ Over Spot Any Quantity

The silver market sure is active these days. Looking to acquire physical silver? Affiliate marketing partner JM Bullion (reviewed here) is having a 5 Ounce Sunshine Silver Bar Sale. From an e-mail I received from JM Bullion this morning:

5 oz Sunshine Silver Bars Just $0.89 Over Spot!

On sale this week is the 5 oz Sunshine Silver Bar, which is available for just $0.89/oz over spot for any quantity. As one of the best selling bars in the world, each Sunshine Mint silver bar contains five troy ounces of .999 fine silver and boasts the new and innovative Mint Mark SI anti-counterfeit security feature. We have limited quantities of bars available at this special pricing, so be sure to take advantage while supplies last!


“5 oz Sunshine Minting Silver Bar ➜ JMBullion.com”
YouTube Video

All orders at JM Bullion are shipped completely FREE of charge and include full tracking and insurance.

Click on the banner ad below, where you’ll be taken to the JM Bullion site. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

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

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Is Pepper Spray Legal In Chicago, Illinois? (2015 Update)

Last Wednesday, I blogged that I’d begin reviewing Chicago-area laws concerning self-defense tools starting this week.

Even though Survival And Prosperity addressed the subject of pepper spray or OC spray (from “oleoresin capsicum”) some time back, here’s a question I still keep hearing asked:

“Is pepper spray legal in Chicago, Illinois?”

To find out, let’s start at the top- meaning the State of Illinois. Looking at the Illinois Compiled Statutes, Criminal Offenses, (720 ILCS 5/) Criminal Code of 2012, “ARTICLE 24. DEADLY WEAPONS”:

(720 ILCS 5/24-1) (from Ch. 38, par. 24-1)
Sec. 24-1. Unlawful Use of Weapons.
(a) A person commits the offense of unlawful use of weapons when he knowingly:
(3) Carries on or about his person or in any vehicle, a tear gas gun projector or bomb or any object containing noxious liquid gas or substance, other than an object containing a non-lethal noxious liquid gas or substance designed solely for personal defense carried by a person 18 years of age or older

(Editor’s note: Bold added for emphasis)

Pepper (OC) spray appears legal to own and carry in the state of Illinois- so long as the individual carrying it is “18 years of age or older.”

Now let’s turn to Cook County. Here’s something I was just made aware of recently. From the Cook County Code of Ordinances, Part I- GENERAL ORDINANCES, Chapter 58- OFFENSES AND MISCELLANEOUS PROVISIONS, ARTICLE VI. OFFENSES AGAINST THE PUBLIC PEACE, Sec. 58-172. – Disorderly Conduct:

(a) It shall be unlawful for any person to commit disorderly conduct. A person commits disorderly conduct when he knowingly:
(6) Carries in a threatening or menacing manner, without authority of law, any razor, knife, stiletto, blackjack, bludgeon, metal knuckles, slingshot, any knife, the blade of which is released by a spring mechanism, including knives known as “switch-blades”, undetectable knives as defined in Section 58-176 of this Code, an object containing noxious or deleterious liquid, gas or substance or other weapon, or conceals said weapon on or about the person or vehicle

(Editor’s note: Bold added for emphasis)

Pepper (OC) spray appears legal to own and carry in Cook County, Illinois- so long as the individual carrying it is “18 years of age or older” (per the State of Illinois), does not carry it “in a threatening or menacing manner,” or “conceals said weapon on or about the person or vehicle.”

That last bit about concealing about the person or vehicle is bound to raise some eyebrows, I’m guessing.

Mace Pepper Foam

Finally, here’s what the City of Chicago has on the books regarding pepper (OC) spray. From the Municipal Code of Chicago, TITLE 8 OFFENSES AFFECTING PUBLIC PEACE, MORALS AND WELFARE, CHAPTER 8-24 FIREARMS AND OTHER WEAPONS, 8-24-020 Sale or possession of deadly weapons:

(e) No person shall carry on or about his person or in any vehicle, a tear gas gun projector or bomb or any object containing noxious liquid gas or substance, other than an object containing a non-lethal noxious liquid gas or substance designed solely for personal defense carried by a person 18 years of age or older; provided that this subsection shall not apply to any person listed in section 5/24-2(a)(1)-(14) of the Criminal Code, 720 ILCS 5/24-2(a).

(Editor’s note: Bold added for emphasis)

There’s also this under 8-24-045 Noxious gas or liquid:

(a) No person shall use any device to discharge a noxious gas or liquid in an enclosed room in any Class C-1 or Class C-2 Assembly Unit, as defined in Chapter 13-56 of this Code, or in an enclosed room in any restaurant, bar or tavern that is a Class F Assembly Unit as defined in that chapter, if more than 20 persons are present in that room, unless the person is a peace officer, as defined in Section 8-20-010 of this Code, engaged in law enforcement activity. As used in this section, “noxious gas or liquid” means mace, pepper spray or any other substance that is intended or designed to cause irritation to the eyes, nose or mouth, or to cause nausea.

(Editor’s note: Bold added for emphasis)

So Is pepper spray legal in Chicago, Illinois?

Pepper (OC) spray appears legal to own and carry- so long as the individual carrying it:

• Is “18 years of age or older” (per the State of Illinois)
• Does not carry it “in a threatening or menacing manner” or “conceals said weapon on or about the person or vehicle” (per Cook County)
• Shall not use “any device to discharge a noxious gas or liquid in an enclosed room in any Class C-1 or Class C-2 Assembly Unit, as defined in Chapter 13-56 of this Code, or in an enclosed room in any restaurant, bar or tavern that is a Class F Assembly Unit as defined in that chapter, if more than 20 persons are present in that room” (per the City of Chicago)

Next time, I’ll be looking at expandable/collapsible/retractable batons and their legality in Chicago.

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

(Legal disclaimer: This post is for informational purposes only and not for the purpose of providing legal advice. You should contact an attorney to obtain such advice.)

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Peter Schiff: China, Other U.S. Creditors Could Emulate Switzerland, Implode America When Fed Attempts QE4

“One of the world’s safest investments- the Swiss franc- has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limiting the rise of the currency.

It may seem like an arcane move, but it’s not. The Swiss National Bank’s surprise decision on Thursday caused the franc to surge against the euro and dollar, sending shockwaves through the global financial system.

Holders of Swiss francs profited handsomely, but many investors and brokerage firms, were pounded with losses…”

-Associated Press, January 16, 2015

Anyone been paying attention to what happened with the Swiss franc this past week? I have a feeling most American aren’t- which is a mistake, because the actions of the Swiss central bank may be repeated by China and other countries in the near future with respect to our country. Euro Pacific Capital CEO Peter Schiff talked about the possible implications in his January 16, 2014, entry in The Schiff Report vlog on YouTube.com. Schiff warned viewers:

When the Fed comes up with QE4, China is going to be faced with a similar decision as Switzerland. Are they going to back up their trucks and load them up with dollars? Because if we do QE4, we’re going to expect the Chinese to bear the burden if they want to keep their currency from going up. And I think Switzerland is going to show them the way. They’ll see the light. This is not going to be detrimental to the Swiss economy. On the contrary, this is going to be a positive for Switzerland, and it could be a positive for China if they abandon their peg as well. But, that’s going to be even worse for America than what Switzerland did to Europe… for America, we’ve been relying on this Chinese crutch for so long, you take it away, and there’s a real implosion here. We’re going to suffer much more if the Chinese pull our plug. I mean, we’re really going to go down the drain. This might not necessarily be the nail in the coffin for the Europeans. ..

People should look at this lesson of Switzerland and heed these warnings. And don’t just look in the rearview mirror at what happened in Switzerland. But look forward, look through the windshield at what’s coming. Look at the relationship between the Swiss franc and the euro and what are the implications between the dollar and other pegged currencies like the yuan and the Hong Kong dollar. All of these relationships are eventually going to crack. All of the countries that are subsidizing the United States, that are absorbing our trade deficits, that are piling up our Treasuries- they’re all going to have the same problem that Switzerland had. They made a mistake and corrected it in three short years. These others countries have been making a bigger mistake for a longer period of time, but eventually, they are going to be forced to bit the bullet and cut and run. And I think it’s going to be the same decision that motivated the Swiss is going to be the prospect of QE4, because everybody is expecting a tighter Fed, everybody believes that we have a legitimate recovery, and nobody is expecting this recovery to implode, and the Fed to come back with QE4- but that is exactly what’s going to happen. Just the way they were caught by surprise by what happened with the Swiss franc, they’re going to be even more surprised by what’s going to happen with the U.S. economy, what’s going to happen with the dollar…

Don’t wait for that to happen. Don’t be surprised. Don’t be bankrupted like the forex traders, or the forex companies that were extending the credit to the leveraged speculators. Get your economic house in order. Understand that economic fundamentals always come through in the end. Sometimes it takes longer to happen, and sometimes people become emboldened, because if something hasn’t happened, they think it’s never going to happen. And exactly when you get complacent, when you think it’s always going to be that way- and believe me, the people that were levered up short the Swiss franc, in their wildest imaginations, they could not see this day coming. Even though it should have been obvious that this day would come. Nobody knows when. And that’s why I always tell my clients, we’ve got to be prepared in advance. It’s too late, if you’re a day late. You’ve got to be early. If you woke up yesterday morning, and you were short the Swiss franc, it was too late to cover. The market just gapped, it was a huge move, there was nothing you could do. You had to be prepared in advance. You couldn’t time it- there was no way to know exactly when it was going to happen- because nobody could figure that out. You have to be early. You can’t be late. And so when it comes to structuring your portfolio and preparing for a dollar crisis, you’re not going to see it coming. You’re not going to do it at the last minute. You’ve got to be prepared in advance. And, you know, there’s plenty of warning signs that that day of reckoning is coming.


“Will China Pull a ‘Switzerland’ on the U.S. Dollar?”
YouTube Video

Schiff, who also heads up SchiffGold, shared his view on how gold might perform in the coming year. He told viewers:

I think gold’s going to have a big first half- even bigger than the first half of 2014- but in the second half, that’s when it could really take off.

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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Marc Faber: ‘The President, For Whatever Reason, Might Not Finish His Term’

This year’s Barron’s Roundtable convened on January 12, 2015, at the Harvard Club of New York. And one member of the Roundtable, Swiss-born investment advisor and fund manager Marc Faber, brought up some interesting scenarios for the coming year. Dr. Faber told Roundtable participants:

Many surprises could occur in the next 12 months. The president, for whatever reason, might not finish his term. China’s president, Xi Jinping, doesn’t speak as much as Obama, but when he speaks, he makes sense. He is a powerful person. In the past 45 years, China has pursued a policy of nonintervention in other countries’ domestic affairs. But that might change because of its oil interests in the Sudan. China is the largest supplier of troops to the U.N. peacekeeping forces. Its troops are conveniently placed next to Sudan’s oil facilities. China also has a large interest in the Iraqi oilfields. If ISIS moves toward southern Iraq, which it currently can’t do, China will protect its interests. The Chinese are becoming more assertive in their geopolitical ambitions. They must ensure a supply of natural resources, such as oil, copper, and iron ore. In their view, the Americans have no interests in Southeast Asia and eventually will have to move out. It is unclear how this will be achieved, or when, but it probably won’t happen peacefully

(Editor’s note: Bold added for emphasis)

Thailand-based Faber, like fellow “crash prophets” Jim Rogers and Peter Schiff, recognizes that the West’s economic power is steadily being transferred to the East. He added in New York City:

Even if Asia doesn’t grow much this year, economic power is shifting to Asia. The Indian economy could grow by 5%-6% in 2015, although the Indians would say I am too pessimistic. Nonetheless, a 5% growth rate is enormous, compared to zero in Europe.

(Editor’s note: Bold added for emphasis)


Heineken Commercial “The Date” feat. Mohammed Rafi, Jaan Pehechaan Ho (1965)
YouTube Video

You can read the entire Roundtable discussion on the Barron’s website here.

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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CHIEF Supply Sale: Up To $100 Off Plus Free Shipping

Yesterday morning I received an e-mail from affiliate marketing partner CHIEF Supply (reviewed here). The Charlotte, North Carolina-based vendor of public safety equipment and apparel sent a e-flyer with the following sale info:

Up To $100 Off + Free Shipping

$10 Off Your Order Of $79 Or More + Free Shipping
$30 Off Your Order Of $159 Or More + Free Shipping
$60 Off Your Order Of $229 Or More + Free Shipping
$100 Off Your Order Of $369 Or More + Free Shipping

*Promo code for discount appears in cart. Additional discount codes, current markdowns and some brands excluded. Offer expires Monday, January 19th at 11:59pm EST.

$100 off is a terrific discount from CHIEF. Police, firefighters- pass this CHIEF Supply sale info along to your clothing/equipment person.

Click on the banner ad below and see what CHIEF Supply can do for you. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.


CHIEF

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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Quote For The Week

“A wise and frugal government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government…”

-Thomas Jefferson (3rd U.S. President and “Founding Father,” in his March 4, 1801, inaugural address)

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

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Sunday, January 18th, 2015 Government, Quote For The Week, Socialism, Wealth No Comments

Resource Of The Week: Steve’s Pages

Now that the holidays are over and we’re in the thick of winter, a number of readers may be doing some maintenance on their firearms.

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.

No Smith & Wesson manuals though- courtesy of that company’s attorney.

In addition to guns, there are free manuals for chronographs, flashlights, metal detectors, optics, photography, reloading tools, and “other stuff.”

A terrific resource for shooters worldwide, which you find on the World Wide Web here.

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

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

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Gabe Suarez Pens Follow-Up To ‘Today, Every Man Is A Counter Terrorist’

Last Friday, I blogged about a Facebook post by Gabe Suarez, head of The Suarez Group and a decorated veteran of Southern California law enforcement, in which he talked about the recent terrorist events in Paris, France. Suarez called upon readers to take up arms and become counter-terrorists. On January 12, a follow-up was published on The Suarez Group’s Facebook page. Suarez made some observations about terrorist events in the past year and wrote:

At every terror event, whether motivated by insane religions, or simply a lack of fastidious medication, there have been plenty of everyday “people”. And I suspect there have been a few there whose initial reaction was not to cower and to shrink from the face of evil. I suspect their initial reaction was anger. Yet unarmed by their observance of social norms, they were without the effective means to act on their natural fighter’s inclinations. And they were forced by decree, into victimhood.

But dangerous times (such as those we live in today, exemplified most recently by France), call for dangerous measures. Normally those measures should be taken by those who govern, but, well…let’s not waste our time with that dead end.

I call for every man and woman that has been outraged by the events at Charlie Hebdo in Paris to take steps to be their own rescuer…their own counter terrorist. The skill of these self-motivated killers is not as high as the uninformed commentators on CNN would have us think. Are they practiced? Certainly, but they are not invulnerable. Witness how many photographs have been taken, not only of the Paris Terrorists, but of all terrorists and active shooters. A photograph is the same as a bullet…and those shots would not have been difficult to make.

I call for every capable man and woman in the west to arm themselves and carry weapons with them every single place they go where a Lone Wolf-Home Grown – Islamic Terrorist may strike. If you simply cannot obtain a firearm…at least get a knife. Sure it may be against regulations, but do you think the dead in Paris might have traded getting into trouble over getting killed for drawing a cartoon?

I challenge every man and woman who rails at the thought of hiding under a desk while a mad man roams freely, killing with an already illegal rifle, to train themselves to a level of skill suitable for killing that terrorist…for killing him with a knife from behind, or for shooting him right in his open mouth as he spews his first announcement of who he is and why he is there.

I challenge every citizen of every western nation who said, “Enough!”, or “I Am Charly”, to get off the couch and train. To become physically fit in strength and agility. To develop marksmanship skills. To develop the will and the aggression necessary to affect change in the opening moments of a planned mass slaughter. To develop the mind set and attitude to kill the terrorist, unannounced, from behind, from the darkness, from the most unexpected sector, and thereby saving his intended victims.

Only when this becomes the norm, when images of a dead terrorist flash across Facebook and Twitter…with a tight group of pistol bullets in his face, fired by a common man or woman who decided to not die quietly that day – rather than a police officer executed on the sidewalk…will the tide begin to change.

Do not fear the terrorist…the terrorist must learn to fear you.

Rather than “I am Charly”, let the unifying cry be this –

TODAY – EVERY MAN IS A COUNTER TERRORIST

(Editor’s note: Bold added for emphasis)

As the scourge of terrorism grows uglier in the coming years, Suarez’s call to arms will undoubtedly be echoed by others.

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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BulletSafe Introduces $99 Bulletproof Baseball Cap Via Kickstarter

Back in November 2014 I introduced new affiliate marketing partner BulletSafe. The Troy, Michigan-based distributor of bulletproof products is widely-known for their $299 NIJ Level IIIA BulletSafe Bulletproof Vest. However, these days all the talk is about the BulletSafe Bulletproof Baseball Cap. From their website:

BulletSafe Launches Their New Bulletproof Baseball Cap Via Kickstarter

BulletSafe, the company that last year introduced a $299 Level IIIA bulletproof vest is now introducing a bulletproof baseball cap. The cap, which offers frontal protection, isn’t meant to replace a SWAT-style helmet, but is instead meant to be worn all of the time and to project a more approachable image.

“This cap gives increased protection without intimidation. It’s a discreet way for officers to be a little bit safer and aligns with community policing practices,” said Tom Nardone of BulletSafe.

Will officers like the hat? Will they wear it? Will departments buy them? Do regular people want them? These are all questions that will affect the future of this product. The hats are comfortable, discreet, professional, and inexpensive. They are comfortable because the hard ballistic panel rests upon the wearer’s forehand and weighs about 7 ounces. They are discreet, with no real difference between the look of the bulletproof hat and a premium fitted baseball cap. They are also reasonably priced. The retail price will be just $129 or about 1/3 the price of a SWAT helmet.

To find out if the BulletSafe Bulletproof Baseball Cap will be successful, BulletSafe is launching the project via Kickstarter.com, a crowd funding site. Kickstarter allows people to pre-order a new product at a discount while helping get the product off the ground. In exchange for buying the BulletSafe Bulletproof Baseball Cap on Kickstarter, backers get a special price of $99.

BulletSafe recently completed prototype tests and they are targeting NIJ Level IIA protection for the cap. The project launch has gone well, after just two days, the project is beyond 50% of its pre-order goal.

The company will also be showing the bulletproof baseball cap at SHOT Show booth #616 and other trade shows. The Kickstarter project is currently live and is offering the special pre-order price until January 26th…


“The BulletSafe Bulletproof Baseball Cap Kickstarter Video”
YouTube Video

The Kickstarter campaign ends in 11 days, but it already has 143 backers who have pledged $9,924 of the $3,500 goal. Congratulations to BulletSafe on this accomplishment.

That being said, they’re still offering the bulletproof baseball cap for the special pre-order price of $99 (“$30 less than the expected $129 future price”) until January 26.

For more information about the BulletSafe Kickstarter project (and obtaining a bulletproof cap), visit the campaign page here.

Interested in other bulletproof products from the company? Click on the banner ad below, where you’ll be taken to the BulletSafe website. Please note that I receive a commission from any products purchased.

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

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Thursday, January 15th, 2015 Gear, Preparedness, Public Safety, Security, Self-Defense No Comments

Illinois Diaspora Latest: Net Loss Of 94,956 People In State-To-State Migration In 2014

More evidence that Illinoisans are voting with their feet rather than be around as the “Land of Lincoln” is run into the ground. From the Chicago Tribune Editorial Board back on January 6:

Even on days when the temperature is above zero, Illinois struggles to keep people here. They’re leaving, in droves, for states with sunnier economic opportunities.

New census data and other figures reveal the cold hard truth: More people are moving away than coming, tipping Illinois last year into the dreadful category of states with declining populations. From July 2013 to July 2014, Illinois shrank by about 10,000 residents in all

Illinois suffered a net loss of 94,956 people in state-to-state migration last year, the highest rate in decades. That number is one part of an equation involving births, deaths and immigration from other countries that yields the overall population loss. But Illinois’ state-to-state migration loss is the biggest contributor to that overall population decline, Frey says. The last year Illinois had lost population was 1987-88

(Editor’s note: Bold added for emphasis)

The Illinois Diaspora has been a recurring-yet-unwelcome theme on Survival And Prosperity lately. I blogged as recent as January 4:

The Illinois Diaspora continues…

Gregory Karp reported on the Chicago Tribune website Friday afternoon:

Illinois was the No. 3 state in America for outbound moves in 2014, United Van Lines said Friday.

Earlier this week, Allied Van Lines said Illinois was No. 1 for outbound versus inbound moves in 2014, according to its moving data for the year. And Atlas Van Lines said Friday its data also show more people leaving the state than coming, with Illinois ranking second among states with the highest proportion of outbound moves.

Whatever, people sure seem to love to leave Illinois…

(Editor’s note: Bold added for emphasis)

I’m skeptical that a Republican governor now at the helm will be able to reverse the outflow- or the state’s fortunes- anytime soon. First, the Democrats who have mainly presided over the fiscal mess are pretty much still in power- sans Pat Quinn. Second, I’m awaiting the Rauner administration to announce down the road that “drastic times call for drastic measures” (or something like that) to bring the state’s economy back. I’m guessing those “measures” might not be too appealing to prospective Illinois residents, let alone those already here.

“I’m awaiting the Rauner administration to announce down the road that ‘drastic times call for drastic measures’ (or something like that) to bring the state’s economy back”

Anyone hear Governor Rauner’s multiple mentions of “sacrifice” in his inaugural address just the other day?

Stay tuned…

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

Source:

Editorial Board. “Goodbye, Illinois: residents are leaving for other states.” Chicago Tribune. 6 Jan. 2015. (http://www.chicagotribune.com/news/opinion/editorials/ct-illinois-census-brookings-edit-0107-20150106-story.html). 15 Jan. 2015.

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On TV: The Next Mega Tsunami

Seeing that I don’t have an “In Print” post for readers this week (will be discussing The Ultimate Situational Survival Guide: Self-Reliance Strategies for a Dangerous World by Robert Richardson of OffGridSurvival.com-fame next week though), I want to talk about a National Geographic production I recently watched.

Enter The Next Mega Tsunami.

From the TV show’s “About” page on the National Geographic Channel (UK) website:

Ten years after one of the most deadly tsunamis ever known, scientists are making a shocking discovery.

Experts used to believe that the biggest killer waves were only generated in a handful of regions, but mounting evidence now suggests that more of the world’s coasts, from the Mediterranean to Australia, could be in grave danger.

But where will the next Big One strike?


“The Sea Has Disappeared”
YouTube Video

Obviously, there was a lot of talk about the December 26, 2004, Indian Ocean earthquake and tsunami and the March 11, 2011, Tōhoku, Japan, earthquake and tsunami in the production. But it was the discussion about the Cascadia Subduction Zone “megathrust” fault (running the coast from Vancouver Island North in British Columbia, Canada, down to Cape Mendocino, California) that grabbed my attention. The presence of this fault means a real threat exists for an earthquake and mega tsunami to strike the coast from Canada to California at any time. Chris Goldfinger, professor of geology and geophysics at Oregon State University, warned:

We have a repeat time of about 240 years. So where that puts us statistically is we’re now 314 years past the last earthquake- an average repeat time of 240- so we’re actually past the average time… There’s a high chance that in our lifetimes, this may happen. That applies to all of Cascadia, but much more so to the south. If we’re lucky, maybe we’ll go through a long interval and we’ll go hundreds of years. But it could just as well happen tomorrow.

(Editor’s note: Bold added for emphasis)

All you readers living on the West Coast- take heed.

The Next Mega Tsunami should be coming back around on the National Geographic Channel soon. If you can’t wait until then, you can watch it here on YouTube.com.

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

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Signs Of The Time, Part 81

Hunger-relief advocates probably won’t be too happy to hear of the following. Drew Galloway reported over at the WHNT News 19 (Huntsville, Alabama) website yesterday afternoon:

You’ve likely heard of students bringing canned food to school for food drives, but have you ever heard of bringing a canned food item to school for safety?

A letter sent to parents of students at one school in Chambers County requested just that- students were asked to arm themselves with an eight ounce canned food item.

Though it sounds odd, administrators believe the practice could catch potential intruders off guard, possibly even knocking him or her out until police arrive

In the letter, [W.F. Burns Middle School Principal Priscella] Principal Holley said students who are armed with a canned food item will have a sense of empowerment to protect themselves in the event an intruder enters their classroom…

(Editor’s note: Bold added for emphasis)


“Active school shooter: Throw canned food at school shooters says Alabama school”
YouTube Video

I guess launching “canned heat” at the bad guys is better than nothing. You can read the entire piece for yourself over on the WHNT News 19 website here.

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

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Marc Faber: Gold Going Up 30% In 2015

“BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index fell in December to an almost five-year low.

The gauge, which measures the balance of buyers against sellers, slipped to 50.5 from 52.1 in November, the London-based company said in an e-mailed report today. That’s the lowest level since February 2010 and marked the biggest drop since 2013. A reading above 50 indicates more buyers than sellers…”

-Bloomberg.com, January 6, 2015

Regular readers of Survival And Prosperity know that Swiss-born investment advisor/money manager Marc Faber has been a gold bull for some time. And the publisher of the monthly investment newsletter The Gloom Boom & Doom Report is so confident about a rising price of gold in 2015 (in spite of all the negative sentiment among investors) that he made an eye-opening prediction yesterday. Sara Sjolin reported on the MarketWatch website Tuesday afternoon:

“I’m positive [that] gold will go up substantially [in 2015] — say 30%,” Faber, whose investment letter is called the Gloom Boom Doom Report, said at Société Générale’s global strategy presentation in London on Tuesday.

“My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum,” he said. “That’s the only way. That’s something I will do.”

(Editor’s note: Bold added for emphasis)

BullionVault

Dr. Faber repeated his recent “bubble in everything, everywhere” statement while in London. Sjolin added:

“We simply have highly inflated asset markets. Real estate is high, stocks are high, bonds are high, art prices are high, and interest rates and short-term deposits are basically zero,” Faber said. “The only sector that I think is very inexpensive is precious metals, and in particularly precious-metals stocks.”

(Editor’s note: Bold added for emphasis)

Faber, who became well-known for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis, appeared on CNBC’s Squawk Box back on September 19, 2014, and warned viewers:

Today, the good news is we have a bubble in everything, everywhere- with very few exceptions. And, eventually, there will be a problem when these asset markets begin to perform poorly. The question is- what will be the catalyst? It could be a rise in interest rates not engineered by the Fed, because I think they’ll keep interests rates at zero on the Fed funds rate for a very long time… We could have essentially a break in bond markets at some point. We also could have a strong dollar. A strong dollar has already happened in the last two months signifies that international liquidity is tightening. And when that happens, usually it’s not very good for asset markets.

Dr. Faber also sees a potential investing opportunity in emerging markets, which you can read about in Sjolin’s piece on the MarketWatch website here.

(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.)

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

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