Marc Faber, Peter Schiff Issue Another Bubble Warning

“I think we are in a gigantic financial asset bubble.”

-Marc Faber on Bloomberg Television’s Street Smart, January 14, 2014

“We have an entire economy that is supported on a foundation of bubbles.”

-Peter Schiff in a MoneyShow Las Vegas presentation, May 12, 2014

These days, the U.S. economic landscape feels a lot like 2007- if you ask me. There’s a tremendous amount of bullish sentiment out there from rising asset prices. Likewise, a number of threats are simmering in the economy and larger financial system- as was the situation seven years ago.

And just like in 2007, “crash prophets” Marc Faber and Peter Schiff are again sounding the alarm on asset bubbles.

Remember- while most other financial types were predicting clear sailing ahead back then for the U.S. economy and housing market, Faber and Schiff correctly-forecast the bursting of the U.S. housing bubble and the financial crisis that reared its ugly head by the autumn of 2008.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, wrote the following on his company’s website Wednesday:

The truth is the Fed knows the economy needs zero percent rates to stay afloat, which is why they have yet to pull the trigger. The last serious Fed campaign to raise interest rates led to the bursting of the housing bubble in 2006 and the financial crisis that followed in 2008. This occurred despite the slow and predictable manner in which the rates were raised, by 25 basis points every six weeks for two years (a kind of reverse tapering). At the time, Greenspan knew that the housing market and the economy had become dependent on low interest rates, and he did not want to deliver a shock to fragile markets with an abrupt normalization. But his measured and gradual approach only added more air to the real estate bubble, producing an even greater crisis than what might have occurred had he tightened more quickly.

The Fed is making an even graver mistake now if it thinks the economy can handle a measured reduction in QE. Similar to Greenspan, Bernanke understood that asset prices and the economy had become dependent on QE, and he hoped that by slowly tapering QE the economy and the markets could withstand the transition. But I believe these bets will lose just as big as Greenspan’s. The end of QE will prick the current bubbles in stocks, real estate, and bonds, just as higher rates pricked the housing bubble in 2006. And as was the case with the measured rate hikes, the tapering process will only add to the severity of the inevitable bust

According to “Doctor Doom” Marc Faber, the extent of the bubbles goes even further than what Schiff identified. Appearing on CNBC’s Squawk Box earlier today, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report 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.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Source:

Schiff, Peter. “A New Fed Playbook for the New Normal.” Euro Pacific Capital. 17 Sep. 2014. (http://www.europac.net/commentaries/new_fed_playbook_new_normal). 19 Sep. 2014.

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Prepping As Insurance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Then why don’t you do it?”

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

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

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

Source:

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

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Peter Schiff: ‘Economy Is Careening Towards Recession Right Now’

Yesterday, “crash prophet” Peter Schiff added a new entry to his YouTube video blog- The Schiff Report. The CEO/Chief Global Strategist of Euro Pacific Capital warned viewers that the U.S. economy is heading towards recession. Schiff- who correctly-called the bursting of the housing bubble in addition to the 2008 economic crisis- began his video blog entry by talking about Federal Reserve Chairman Janet Yellen saying Wednesday interest rates would be kept low for a “considerable time”:

Now, in my mind, what the Fed really means by “considerable” period is indefinitely, or forever. Because I don’t think the Fed can raise interest rates. In fact, I don’t even think they can end QE without precipitating a recession. And I think they’ve already set those balls in motion. And I think the economy is careening towards recession right now. The Fed just hasn’t figured that out yet. But the Fed certainly doesn’t want to help push it over the edge by raising rates. So it has to stall, so it comes up with this “considerable” period…

So how much time is going to transpire between the end of QE, which is scheduled to end now in, I think, six weeks? How much time will transpire between the end of QE and the next crisis, the next recession? See, I don’t think there will be enough time for the Fed to even begin the next set of rate hikes…

So if the economy can barely grow, with all the QE, what’s going to happen when you take it away? And again, all this growth is phony- it’s not real growth. But in order to have the phony growth, you need the QE. You take the QE away, you take the phony economic growth away, and you are right back in recession…

And so, whatever Janet Yellen and the Fed, whatever they’re saying now about how confident they are that they might be able to raise interest rates after some considerable period of time- but we don’t know what that means- it’s all based on their rosy assessment of the economy that isn’t going to materialize. The economy is going to rollover back to recession before the first rate hike ever comes. And so it’s not going to come because now they’re going to have to ramp the QE back up. And maybe at that point the people will figure out the box that we’re in. If they figure out that it’s interest rates at zero forever, and the only question is how much QE can the Fed do but it can never raise rates, then the bottom drops out of the dollar.

Schiff concluded yesterday’s vlog entry by calling the Fed’s bluff:

So again, all this is talk. They’re not going to shrink the balance sheet. They can’t. They’re not going to raise interest rates. Because they can’t. And before it comes, before this considerable time period comes to an end, we’re going to be back in recession or we’re going to be close enough to recession that the Fed feels compelled to take action to stimulate the economy. And how is it going to stimulate the economy? Well, rates are going to still be at zero. The only way to stimulate it is to ramp up the QE that she just tapered back. And how much is she going to have to ramp it up to? I think it’s going to be more than the original $85 billion. Maybe $100 billion, $150 billion per month.


“Yellen Barks on Rates, But Will Not Rise”
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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Gun Rights Policy Conference 2014 Kicks Off September 26 In Rosemont, Illinois

“Bans on semi-auto guns and magazines, ‘smart’ guns, concealed carry, federal legislation, BATFE policies, gun show regulation, state and local activity and the most recent Right to Keep and Bear Arms court cases.”

These are but some of the topics to be discussed at the 29th Annual Gun Rights Policy Conference- GRPC 2014- beginning next Friday, September 26, out in the Chicago suburb of Rosemont, Illinois. From the Citizens Committee for the Right to Keep and Bear Arms (CCRKBA) website:

Come meet national gun rights leaders and your fellow grassroots activists at the 29th Annual Gun Rights Policy Conference (GRPC 2014) in Chicago, IL at the Hyatt Regency O’Hare Airport on September 26, 27, & 28, 2014. This is your once-a-year chance to network, get an insider’s look and plan pro-gun rights strategies for the coming year.

Past GRPCs have outlined victory plans and made public the latest firearms trends. They allow you a first-hand chance to hear movement leaders–and make your voice heard.

The full roster of GRPC 2014 speakers has not yet been set. Past speakers include: Alan M. Gottlieb, Joseph P. Tartaro, Eugene Volokh, Wayne LaPierre, Michael Reagan, Larry Elder, Bob Barr, John Lott, Sandy Froman, Massad Ayoob, Tom Gresham, Alan Gura, G. Gordon Liddy, Larry Pratt, Emily Miller and many others…

While pre-registration for GRPC 2014 is now closed, the CCRKBA site notes:

Free Walk-in Registration will be available at the door starting at 7pm Friday September 26th.

Books, monographs and other materials—enough to start a Second Amendment library—are free, as are Saturday luncheon, Friday and Saturday evening receptions and morning and afternoon beverage breaks. Other meals, travel and lodging are to be paid by attendee…

As always, GRPC sounds like it going to be extremely informative for the American firearm owner, aspiring owners, and those like me who follow gun-related issues related to the focus of this blog and my research, among others.

For more information about the 29th Annual Gun Rights Policy Conference, or to view the most recent agenda for the event, visit the Citizens Committee for the Right to Keep and Bear Arms site here.

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

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Thursday, September 18th, 2014 Firearms, Gun Rights, Hunting, Self-Defense, Shooting Sports No Comments

Jim Rogers: North Korea Now Where China Was In 1980

While at my parents’ place last weekend, I happened to catch the FOX News show Sunday Morning Futures with Maria Bartiromo. Well-known investor, author, and financial commentator Jim Rogers was on, and what he said about a particular East Asia country was so much different than the picture that’s being painted of them in the mainstream media. From a transcript of the exchange between Bartiromo and Rogers:

BARTIROMO: Jim, you just returned from North Korea.
ROGERS: Yes.
BARTIROMO: And you say that North Korea is now where China was in 1980. Washington has yet another country completely wrong.
ROGERS: Absolutely. It’s where Myanmar was in 2010. Washington has this as wrong as they have the Middle East. Listen, North Korea is changing very, very dramatically. Very fast. And it’s very exciting…
(CROSSTALK)
BARTIROMO: What about Americans being held there hostage?
ROGERS: Yes, listen, if somebody comes into my country and tears up his visa and says, I want asylum, maybe he’s a little nuts. I don’t know the guy, I don’t know what he did. But I know what we read in the press — the Western press, it sounds very, very strange.
Many Americans — by the way, many Americans go there. Not all — I went there. I’m not in jail.
BARTIROMO: When you were there, was it completely dark?
ROGERS: What?
BARTIROMO: Were the lights on when you were in North Korea?
ROGERS: Yes, there were there lights on. People were in the markets buying and selling food. All this stuff about starving North Koreans, I didn’t see any of them. There were markets everywhere, all sorts of goods. I didn’t even understand what some of the goods were, they were so modern.
YORK: Was what you were allowed to see controlled by anyone?
ROGERS: No. I went into the market, the market with thousands of people, thousands of North Koreans buying and selling day in and day out.

The former investing partner of George Soros touched on other subjects as well, including the American response to the Islamic State and the 2016 U.S. presidential election, which you can read about in that transcript on the FOX News website here.

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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Northwest Indiana Preparedness And Self-Reliance Expo This Saturday

As I blogged before, the writing is on the wall for Chicago, Cook County, and Illinois. As I see it, economic and social conditions are going to get significantly more challenging than they already are. While terrific alternative media sites like Second City Cop chronicle the unraveling and offer up valuable intel, I’ll be disseminating more information going forward for local blog readers which may help in learning and developing skills for surviving and prospering in these uncertain times. For example, there’s a free preparedness and self-reliance expo scheduled to take place this Saturday at the American Museum of Military Vehicles in Crown Point, Indiana. From the website of Live Free, USA- billed as “one of the oldest and most respected survival/self-reliance advocacy organizations in the world”:

NW Indiana Prepares
Saturday, September 20th 10:00 Am to 5:00 Pm
EXHIBITS PRESENTATIONS HANDS ON LEARNING

All presentations will take place inside our spacious tent.
Food and drink will be available for purchase.

Presentations Planned Include:

Aquaponics / Hydroponics Indoor Farming
Beekeeping
BOB’s (Bug out Bags)
The 5 C’s of Survival
Campfire Cooking
Poultry Farming
Herbs “God’s” Pharmacy
Health and Wellness: Home made salves and ointments
Survival Shotgun Basics
Black Powder demonstration

Hands on Training:

Archery Lessons
NRA Certified Range Master offers Firearm Instruction with BB & Airsoft Guns
Just Added: Three strikes Of The Match!
Presented by volunteers from Liberty Seed, in affiliation with the Revolutionary War Veterans Association!
Hear the true stories of April 19, 1775, the day our nation was born! The story will be presented in three thirty minute segments; 11 Am – 1 Pm – 3 Pm

It will not be the story you think you know, or the story you heard in school. It will be the real story, the story that historians have discovered, the story of the first day of the American Revolution.

April 19th was a day of choices, and these are the stories of real people who knew the cost of freedom and were willing to pay the price.

The Revolutionary War Veterans Association is committed to teaching our early American heritage. They do this for one simple reason, the skill and knowledge of what our founding fathers left to us is eroding in modern America and without deliberate action, they will be lost to ignorance and apathy.

To reserve a primitive camp site or vendor space
Please contact Beth Duensing for vendor and presentation information 219-226-3400 or e-mail NWIFamilyPrep-info@yahoo.com
Click Below For Printable Flyer (PDF)
NWI Prepares Sept. 20, 2014

Sounds interesting. But more importantly, sounds informative- with some potentially-valuable information and new skills that could be taken away from it.

For more info about the free prepper/survivalist event, either pull up that flyer or go to the Live Free, USA, website here.

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

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Wednesday, September 17th, 2014 How To, Preparedness, Training No Comments

Quote For The Week

“False words are not only evil in themselves, but they infect the soul with evil.”

-Socrates (Greek philosopher. 469-399 B.C.)

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

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Wednesday, September 17th, 2014 Quote For The Week No Comments

JM Bullion Offering 2014 Silver Eagles At $2.49 Over Spot And Other Deals

Anyone been watching the price of silver lately? The spot price is currently $18.58 an ounce as I type this. In case any Survival And Prosperity readers are looking to acquire more physical silver at the beaten-down prices these days, you may want to drop by the website of affiliate marketing partner JM Bullion (reviewed here) to check out their 2014 American Silver Eagle $2.49 over spot any quantity up to 499 deal and other silver coin specials. From the company’s e-mails this week:

This week we are offering the 2014 American Silver Eagle at just $2.49 over spot for any quantity up to 499 and just $2.35 over spot for Monster Box or more quantities. These coins are in stock and ready to be shipped…

For the first time ever, Sunshine Mint Buffalo Rounds are now available for purchase! Each round has been struck in 1 troy ounce of .999 fine silver and boasts Sunshines MintMark SI security feature on the reverse. The 1 oz Sunshine Mint Silver Buffalo Round is now available on presale for as low as 84¢ over spot (shipping from 9/17). With silver spot prices falling under $19 per ounce as of this post, today can be a great opportunity to take advantage of these low prices…

On sale while supplies last is the $1,000 face value bag of 90% silver coins which is available for just 89¢/oz over spot price. Each bag contains approximately 715 troy ounces of pure silver and includes pre-1965 U.S. dimes and/or quarters and/or half dollars. Be sure to take advantage of these low premiums while supplies are still available!

(Editor’s note: Bold added for emphasis)

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 website. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

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

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Latest On Strong Geomagnetic Storm Possibly Hitting Earth

Last night I blogged about the Sun unleashing an X-class solar flare in the direction of our planet, and the potential for a strong geomagnetic storm due to a “likely” coronal mass ejection (CME) accompanying the flare.

Here’s the latest from the NOAA/NWS Space Weather Prediction Center about the likelihood of severe space weather in the coming days. From their website this morning:

2014-09-11 05:01 UTC A Pair of CMEs

G2 (Moderate) geomagnetic storms remain in the forecast for September 12th as a result of the coronal mass ejection (CME) associated with the R1 (Minor) solar flare observed on the 9th. The latest WSA-Enlil model run has the CME associated with yesterday’s R3 (Strong) solar flare arriving mid to late day on that same day. A G3 (Strong) Geomagnetic Storm Watch has been issued for September 13th due to the combined influence of these two events with G1 (Minor) storming anticipated to continue into September 14th. In addition, the S1 (Minor) solar radiation storm that is in progress as a result of the eruption yesterday is expected to persist for the next few days. Keep in mind that the forecast periods listed are in Universal Time so aurora watchers in the northern U.S. should be looking for possible activity both Thursday and Friday nights. Stay tuned for updates…

(Editor’s note: Bold added for emphasis)

Okay, so the SWPC is predicting “G2 (Moderate) geomagnetic storms” for Friday, September 12, and issuing a “G3 (Strong) Geomagnetic Storm Watch” for Saturday, September 13.

According to the “NOAA Space Weather Scales” web page under “NOAA Space Weather Scale for Geomagnetic Storms,” G2 (“Moderate”) storms are characterized by the following:

Power systems: high-latitude power systems may experience voltage alarms, long-duration storms may cause transformer damage.

Spacecraft operations: corrective actions to orientation may be required by ground control; possible changes in drag affect orbit predictions.

Other systems: HF radio propagation can fade at higher latitudes, and aurora has been seen as low as New York and Idaho (typically 55° geomagnetic lat.)**.

As for G3 (“Strong”) geomagnetic storms:

Power systems: voltage corrections may be required, false alarms triggered on some protection devices.

Spacecraft operations: surface charging may occur on satellite components, drag may increase on low-Earth-orbit satellites, and corrections may be needed for orientation problems.

Other systems: intermittent satellite navigation and low-frequency radio navigation problems may occur, HF radio may be intermittent, and aurora has been seen as low as Illinois and Oregon (typically 50° geomagnetic lat.)**.

The damage from a G2 or G3 geomagnetic storm doesn’t appear to be too significant. G4 (“Severe”) geomagnetic storm events look like the ones we should be worried about:

Power systems: possible widespread voltage control problems and some protective systems will mistakenly trip out key assets from the grid…

The folks over at the Space Weather Prediction Center seem to think electrical grids aren’t in any real danger from this latest bout of severe space weather. Doyle Rice reported on the USA Today website this morning:

Major disruptions are not expected, even though the flare was classified as an “X-class” flare, which is at the high end of the solar flare scale. Wednesday’s flare followed a weaker flare late Monday.

“We expect geomagnetic storm levels in the G2 (moderate) and G3 (strong) range,” said NOAA space weather forecaster Bill Murtagh.

“G2-G3 geomagnetic storms can cause some problems for the (power) grid but are typically very manageable,” Murtagh said in an e-mail Thursday morning. “We may also see some anomalies with satellites so satellite operators around the world have been notified. And problems with the accuracy of GPS have been observed with this level of storming.”

(Editor’s note: Bold added for emphasis)

Rice added later:

The worst of the energetic particles streaming from the sun likely will miss Earth this time…

Did the Earth just “dodge a bullet” from the Sun? Guess we’ll know for sure after the weekend.

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

Source:

Rice, Doyle. “Solar storm heading for Earth.” USA Today. 11 Sep. 2014. (http://www.usatoday.com/story/weather/2014/09/10/solar-flare-space-weather/15415827/). 11 Sep. 2014.

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13th Anniversary Of 9/11

“Dozens of students at George Washington University were unaware of the anniversary of the Sept. 11 terrorist attacks in recent interviews, while they were able to name celebrities involved in the nude photo scandal last week…”

-The Daily Caller website, September 10, 2014

Lest we forget…


“WTC Attack September 11, 2001 from New York Police Helicopter”
Warning: Language
YouTube Video

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

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Strong Geomagnetic Storm To Hit Earth In Coming Days?

Survival And Prosperity readers across the world- Earth was in the crosshairs of a powerful X-class solar flare earlier today. USA Today’s Doyle Rice reported this evening:

A solar flare that launched off the sun Wednesday afternoon could wreak havoc with communications systems and power systems on the Earth, as well as with satellites in orbit, in coming days.

Forecasters with NOAA’s Space Weather Prediction Center said the flare already “caused impacts to high-frequency radio communications on Earth today,” according to NOAA. “A coronal mass ejection (CME) associated with this event is likely, but further analysis is necessary to determine whether it will produce geomagnetic storming on Earth.”…

If a CME occurred, Earth’s magnetosphere will likely be disturbed and a geomagnetic storm could result in the next few days, NOAA reports…

(Editor’s note: Bold added for emphasis)

Rice added:

Space weather forecaster Bill Murtagh said that scientists will know more about when and where the impacts will be when more data comes in later Wednesday and early Thursday…

I visited the Space Weather Prediction Center website, and here’s their latest on the event:

2014-09-10 23:18 UTC Recent R3 Solar Flare

Active Region 2158, now near center disk, produced a X1 (NOAA Scale R3 – Strong) solar flare today at 10/1745 UTC (Sep 10th at 01:45pm EDT). Impacts to HF radio communications on the daylight side of Earth lasted for a little more than an hour.

Initial information suggests that CME is likely associated with this event, however, further analysis is underway at this time…

Standby for more details.

(Editor’s note: Bold added for emphasis)

Now, regular blog readers might remember the TESIS Geomagnetic Activity Forecast I named “Resource Of The Week” back on August 24, 2013. In their “3-day forecast of solar activity,” the Russians are predicting a 1 percent “probability of a strong magnetic storm” Thursday, a 20 percent probability of a strong magnetic storm Friday, and a 5 percent probability Saturday.

Time and time again I’ve blogged about the threat from severe space weather. This latest bout has the potential to be real bad according to what I’ve been reading.

I plan on checking back with the Space Weather Prediction Center (website) later tonight or tomorrow if necessary to find out the results of their “further analysis.”

I suggest you might want to do the same.

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

Source:

Rice, Doyle. “Solar Storm Heading for Earth.” WLTX19.com. 10 Sep. 2014. (http://www.wltx.com/story/tech/science/2014/09/10/solar-storm-heading-for-earth/15418653/). 10 Sep. 2014.

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Chicago Preparing For Potential 9/11 Anniversary Terrorism?

I’m back. And just in time for the 13th anniversary of the terrorist attacks of September 11, 2001.

While I haven’t come across anything (yet?) from the feds about any specific terrorist threats related to tomorrow, I see New York City is ramping up “intelligence gathering and visibility.”

Good for them. I’ve come to believe NYC (in particular, One World Trade Center aka Freedom Tower) and Washington, D.C., are primary targets for the Muslim extremists.

I wouldn’t be surprised if Chicago is a target as well. After all, Al-Qaeda has reportedly mentioned the city as being one. I blogged back on May 6, 2011:

After receiving today’s marching orders at their place of employment, a number of Chicagoans are settling down at their desks this morning and reading on the Chicago Tribune website:

Some of the first information gleaned from Osama bin Laden’s compound indicates al-Qaida considered attacking U.S. trains on the upcoming anniversary of the Sept. 11 attacks. But counterterrorism officials say they believe the planning never got beyond the initial phase and have no recent intelligence pointing to an active plot for such an attack.

As of February 2010, the terror organization was considering plans to attack the U.S. on the 10th anniversary of the 9/11 attacks. CNN reports that al-Qaida was particularly interested in striking Washington, New York, Los Angeles and Chicago.

Sounds like Chicago’s Al-Qaeda’s kind of town, right?

(Editor’s note: Bold added for emphasis)

I’ve heard an Al-Qaeda expert or two say the group is big on “celebrating” anniversaries. Along with that purported Islamic State Twitter post with a photo of the Old Republic Building at 307 North Michigan Avenue in downtown Chicago, one might think the City of Chicago, like New York City, would take precautions around 9/11/14.

If they are, major local news outlets aren’t reporting it from what I can tell. I just visited a number of MSM news websites a short time ago and didn’t see a thing. No news releases from the City of Chicago or its Office of Emergency Management and Communications either.

Now, that’s not to say the “Windy City” isn’t preparing for a potential terror attack. I’d like to think the City of Chicago and Chicago Police Department are taking a page out of the New York Police Department’s playbook when it comes to 9/11 anniversaries. Collen Long of the Associated Press reported yesterday:

New York Police Commissioner William Bratton said the department is prepared.

“We will, as always, ramp up intelligence gathering and visibility,” Bratton said. That means thousands of officers in specialized teams, bomb-sniffing dogs who can detect not only the scent of a bomb but the vapors of a moving target, undercover officers and teams of police using radioactive detection devices and other high-tech tools.

Intelligence officers around the globe will be reporting in regularly and monitoring events around the world. If something happens in Gaza, it’s instantly felt in New York because of the large Jewish and Palestinian populations.

“Things ricochet real quick here,” said intelligence chief Thomas Galati…

Too much to hope for considering the current state of affairs in the CPD?

I understand a new Gallup poll is out showing Americans still aren’t concerned about terrorism these days despite the recent emergence of the Islamic State and what looks to be a competition between it and Al-Qaeda to see who can land a major blow against the American homeland first.

I cringe to think such indifference runs rampant among Chicagoans and their leaders too.

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

Source:

Long, Collen. “NYPD says terror threat more complex than ever: ‘It is layer upon layer upon layer’” Associated Press. 9 Sep. 2014. (http://www.washingtontimes.com/news/2014/sep/9/nypd-terror-threat-more-complex-than-ever/?utm_source=RSS_Feed&utm_medium=RSS). 10 Sep. 2014.

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Quote For The Week

“Victory belongs to the most persevering.”

-Napoleon Bonaparte (French general and first emperor of France. 1769-1821)

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

Tags:

Tuesday, September 9th, 2014 Quote For The Week No Comments

The Coming Major Terrorist Attack On The U.S.

I read a disturbing piece on TheBlaze.com yesterday morning about the coming anniversary of 9/11. Sara Carter reported:

U.S. intelligence has picked up increased chatter among Islamist terror networks approaching the 13th anniversary of the 9/11 attacks and amid the continuing battle for supremacy between Al Qaeda and the Islamic State, current and former U.S. officials told TheBlaze.

“We’ve noticed a significant increase in chatter among Islamic terrorist organizations overseas both on the Internet and phone lines,” said a U.S. government official, speaking on condition of anonymity because he was not authorized to speak on the matter. “This is certainly concerning, but as of yet we can’t pinpoint what or if they are planning a particular attack. We did see this kind of increase in chatter before the September 11 attacks. We just hope the public continues to remain vigilant.”

(Editor’s note: Bold added for emphasis)

“We just hope the public continues to remain vigilant.”

As do I. Regular readers of Survival And Prosperity may recall that prior to the last few anniversaries of 9/11 , I blogged about the need for continued vigilance in the face of possible major terrorist attacks on the U.S. by an enemy who I think is not as impotent as this White House would like you to believe.

Thankfully, that vigilance hasn’t been called into play. Yet.

Personally, I believe the threat of a significant terrorist operation launched against America not only still remains, but has grown, due to a tussle between Al-Qaeda and the newly-minted Islamic State.

Once Osama bin Laden was killed, a new leader took the helm of the terrorist group. I wrote back on June 28, 2011:

Recent suggestions that Al-Qaeda is on the run and that their new leader, Ayman al-Zawahiri, is “a bit of a loser,” as a source close to the Obama administration has called him (source: The Telegraph)- in conjunction with those recent setbacks suffered by Al-Qaeda- may motivate the Egyptian surgeon to push for a major attack against the United States and/or its allies as soon as possible. With all its symbolism and accompanying celebrations, the Fourth of July weekend could have significant appeal for Al-Qaeda and al-Zawahiri to not only strike a blow against the United States, but dispel doubts over the operational capabilities of the terrorist organization and the leadership abilities of al-Zawahiri right from the get-go.

(Editor’s note: Bold added for emphasis)

That July 4 came and went. As did other major U.S. holidays and “desirable” occasions ripe for an Al-Qaeda strike. When it comes to putting on a visible display of leadership, it’s pretty much been an epic fail for al-Zawahiri to date.

In the meantime, concern about such an attack has waned significantly. I blogged back on September 10, 2012:

Al-Qaeda is like the Rodney Dangerfield of terrorist organizations these days- can’t get no respect. Look at these recent headlines on some mainstream media websites:

“Terror takes back seat; Americans safer now”
-From the Associated Press on Yahoo! News, September 8, 2012

“Never have so few been able to frighten so many”
-Philly.com (joint project of The Philadelphia Inquirer and The Philadelphia Daily News, September 9, 2012)

“On anniversary of 9/11, fear is present but not all-consuming”
-The Boston Globe, September 10, 2012

There’s even this out of Hong Kong:

“Americans stop fretting about the threat of terrorism”
-South China Morning Post, September 10, 2012

I added:

I loathe Al-Qaeda as much as any other American. But let’s not call the outcome of the game (Al-Qaeda is now kaput) while it’s still in the early innings, as the next generation of terrorists- inspired by the American response and presence in the Middle East after 9/11- start to replace their predecessors who have been captured, incapacitated, and killed.

That “next generation” is still being molded. However, a different group of Muslim extremists have rapidly emerged on the jihadist scene and pose a serious threat to the United States and its allies. Terry Atlas and A.R. Lakshmanan reported on Bloomberg.com on August 14:

The radical Islamic State’s advances in Iraq are strengthening its challenge to al-Qaeda in a contest for the leadership of the global jihadi movement, according to five U.S. intelligence officials.

Its territorial gains and declaration of a caliphate spanning parts of Syria and Iraq, reinforced by its use of social media to broadcast its accomplishments in many languages, are attracting recruits and even drawing defections from the leadership of the core al-Qaeda group and some affiliates, the officials told reporters at a briefing yesterday. They spoke on the condition of anonymity to discuss intelligence assessments.

The U.S. intelligence community thinks the Islamic State has an incentive to conduct a major terrorist strike against U.S. or European targets, in part to further assert itself as the true leader of radical Islam , the officials said…

(Editor’s note: Bold added for emphasis)

Much of the mainstream media is playing up the threat to the U.S. from the Islamic State. Personally, I’m more concerned about Al-Qaeda beating them to the punch. I’ve already talked about Ayman al-Zawahiri needing to establish his “street cred.” But the emergence of the other band of terrorists formerly known as ISIS (the Islamic State of Iraq and Syria) or ISIL (the Islamic State of Iraq and the Levant) puts even more pressure, I suspect, for bin Laden’s standard bearers to carry out a successful major operation against the U.S. homeland, and with haste. Going back to that piece on TheBlaze.com, Carter added:

“The threat is two-fold because ISIS is in war with core Al Qaeda,” former CIA case officer Brian Fairchild said. “ISIS was kicked out of Al Qaeda in February and they’ve been fighting each other internally for leadership. ISIS is winning right now. They have captured the imagination of young Muslims from around the world and depriving Al Qaeda of its own fighters. Al Qaeda is split down the middle and now you have 9/11 [anniversary approaching]. It would be beneficial to both camps that on 9/11, some great attack in the United States takes place. It’s certainly a serious consideration because they are both vying for primacy.”

(Editor: Bold added for emphasis)

Who knows if either group is planning a 9/11/14 attack. But the motivation looks to be there. From what I know about the Islamic State, they’re more “shoot from the hip.” For Al-Qaeda, it’s all about patience and careful planning/preparation. I suspect the caliphate will eventually get around to attacking the U.S. homeland, if operationally-capable. But if bin Laden’s followers had anything already in the works, should they have the ability to carry it out, I fear they’ll speed things up to land the next major blow to the homeland. It seems to me they have more at stake here by letting the upstarts beat them to the punch. It would be disastrous for al-Zawahiri’s already-precarious leadership and the movement’s ability to attract and retain jihadists.

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

Sources:

Carter, Sara. “U.S. Officials Say ‘Significant Increase’ in Jihadi Chatter Ahead of 9/11 Anniversary.” TheBlaze.com. 27 Aug. 2014. (http://www.theblaze.com/stories/2014/08/27/u-s-officials-say-significant-increase-in-jihadi-chatter-ahead-of-911-anniversary/). 28 Aug. 2014.

Atlas, Terry and Lakshmanan, A.R. “ Islamic State Militants Said to Challenge Al-Qaeda for Jihadi Leadership.” Bloomberg.com. 14 Aug. 2014. (http://www.bloomberg.com/news/2014-08-15/islamic-state-militants-said-to-challenge-al-qaeda-for-jihadi-leadership.html). 28 Aug. 2014.

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General McInerney’s September 7 Mystery Book Revealed?

Earlier today, I wrote the following on Survival And Prosperity:

On Monday, I learned retired United States Air Force Lieutenant General and FOX News military analyst Thomas McInerney had issued a dire warning regarding terrorism directed against the United States. The former commander of the 11th Air Force appeared on the FOX News Channel last Saturday, and told viewers:

On the 7th of September, a major news network and a major publishing network are going to put out a book, and it’s going to be earth-shattering of what’s happening and what happened. And, the fact is, we may even see on 9/11/14 MH370 resurface again. We should be prepared for anything. We should go to DEFCON 1- which is our highest state of readiness- and be prepared as we lead up to 9/11.

When pressed for more details about that September 7 date, McInerney said he couldn’t elaborate. He did add:

It is going to be extremely important, and America should take notice…

While I noted that “a quick search of the Internet revealed nothing except speculation,” earlier this evening I decided to take another crack at identifying this mysterious book General McInerney said would be coming out on September 7, 2014.

I think I may have succeeded.

Sifting through coming releases on Amazon.com, I spotted this book:

The REAL Benghazi Story: What the White House and Hillary Don’t Want You to Know, by Aaron Klein.

According to its description:

Bigger than Watergate! Bigger than Iran-Contra!

Ten times bigger than both, Rep. Steve King has said.

The Benghazi scandal may have been covered up by the White House, but the truth is about to come out. “The Real Benghazi Story” is a groundbreaking investigative work that finally exposes some of the most significant issues related to the murderous September 11, 2012, attack – information with current national security implications. Investigative journalist and New York Times bestselling author Aaron Klein provides the answers many have longed for, from the secretive activities transpiring inside the doomed facility to shocking new details about the withholding of critical protection at the U.S. special mission. Learn about what really happened to Ambassador Chris Stevens that ill-fated night, the central role Hillary Clinton actually played in the scandal – and more! Also answered for the first time is why the State Department hired armed members of the al-Qaeda-linked February 17 Martyrs Brigade to protect the facility. New reasons are revealed for not sending air support or Special Forces during the assault, while extensively probing not only jihadist groups but also possible state actors behind the attack. These are just some of the new details to be revealed in this game-changing book.

Now, General McInerney said:

On the 7th of September, a major news network and a major publishing network are going to put out a book…

WND (formerly WorldNetDaily) fits the bill for that major news network/publishing network description. From WND.com:

Founded by Joseph and Elizabeth Farah in May 1997, it is now a leading Internet news site in both traffic and influence…

WND consistently ranks as the “stickiest” news site on the Internet, meaning readers spent more time on it than on any other – including giants CNN, MSNBC and ESPN.

WND often ranks at the top of the news pack in number of pageviews per user and minutes per page – two other important categories measured by Internet ratings agencies.

It is a Top 500 website, according to Alexa.com, the search and ratings agency affiliate of Amazon.com, and the No. 1 independent news site. WND currently attracts nearly 5 million unique visitors a month and more than 40 million pageviews, according to its own internal monitoring software.

WND also has a publishing arm- WND Books- that was founded in 2002 by the Farahs and has multiple New York Times best-sellers to its credit.

As to that September 7 date? Well, according to those vendors that will be selling Klein’s book, the release date of The REAL Benghazi Story isn’t until 2 days later- September 9. Now, release dates being postponed/pushed back is not unheard of. Perhaps that was the case here and McInerney hadn’t been informed about the change when he appeared on FOX News last Saturday. Or maybe he really meant the book is being released the week of September 7, seeing that the day falls on a Sunday?

I have one more reason to believe The REAL Benghazi Story is the “earth-shattering” book General McInerney was talking about.

Both are closely associated with the September 11, 2012, event in which a U.S. diplomatic compound in Benghazi, Libya, was attacked and resulted in American casualties.

Tatiana Lozano wrote on the CNSNews.com website on June 18, 2014:

Retired Air Force Lt. Gen. Thomas McInerney says he believes the evidence will show that President Obama and top administration officials were guilty of a “dereliction of duty” both during and after the deadly attack in Benghazi, Libya that cost the lives of U.S. Ambassador Christopher Stevens and three other Americans.

“Verification of what the National Command Authority knew and when they knew it is extremely important as it will show, I believe, that there was dereliction of duty by the President, the Secretary of Defense, the Chairman of the Joint Chiefs of Staff, the Secretary of State, and the CIA Director,” Lt. Gen. McInerney said at a joint conference with military and legal experts held by the Heritage Foundation and the Benghazi Accountability Coalition on Monday.

“That is a very serious charge. That is a very serious charge, and it was done in violation of the law of the United States,” declared Gen. McInerney, who served as an assistant vice chief of staff in the Air Force’s Washington headquarters, and was part of a group calling for a select committee to investigate the events in Benghazi back in March…

(Editor’s note: Bold added for emphasis)

I wonder if Klein has been able to determine “what the National Command Authority knew and when they knew it”?

And prove Thomas McInerney’s suspicions correct.

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

Source:

Lozano, Tatiana. “Gen. McInerney: Evidence Will Show ‘Dereliction of Duty’ in Benghazi.” CNSNews.com. 18 June 2014. (http://cnsnews.com/news/article/tatiana-lozano/gen-mcinerney-evidence-will-show-dereliction-duty-benghazi). 27 Aug. 2014.

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Christopher E. Hill, Editor
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