The Survival Podcast’s Jack Spirko: ‘2016 Is Going To Be A Year That We Officially Are In A Recession’

Plenty of recession talk going around these days.

I recently listened to an episode of The Survival Podcast (named a “Resource Of The Week” back in March 2011) that grabbed my attention. Modern survivalist and host Jack Spirko warned listeners in episode 1711 (January 18, 2016), “Listener Feedback- Political Speculation Edition”:

I think that all the things that we talk about every day are things that you really might need to start considering doing more of. Providing as much as you can of your own food to cut your costs. Because here’s what coming with all this. A recession. A recession. 2016 is going to be a year that we officially are in a recession. The global indicators are such that you can’t really believe it’s not going to happen.

Back in episode 1608 (July 21, 2015), Spirko also talked about a coming economic downturn and advised:

We need to, I think at this point, assess our preps for hard financial times, more than anything else right now. I’m not talking about economic collapse, I’m talking about economic struggle. Everybody’s waiting for economic collapse, no one understands we’re standing in the middle of it. We’re standing in the middle of it…

Buck up your preps guys. Get ready for tougher times ahead…

The United States economy does not have to collapse for your personal economy to collapse. Nine million people found that out the hard way last time. Be prepared this time. Be prepared. Prepare to feed yourself, clothe yourself, take care of yourself, provide for your own security. Start thinking about the efficiencies of your energy usage, and get very, very diverse with your skill set, your knowledge, your ability to earn income. That’s how you prepare for what’s coming.

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.)

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Thursday, February 4th, 2016 Energy, Food, Income, Preparedness, Recession, Security No Comments

Peter Schiff: ‘Silver Might Even Be A Better Buy Than Gold’

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. From earlier today:

As long as we have the strength of the dollar, we can continue to borrow money to pay for imports. We can continue to go deeper and deeper into debt. But the minute the illusion runs crashing into reality, and people recognize the situation that we’re in. That we didn’t have a legitimate recovery. That we just had a bubble. And rather than higher interest rates and a real recovery, we’re back in recession. And the Fed is going to try its hardest to blow more air into this bubble. It is not going to work. And this collapse in the dollar today is just the beginning. The dollar has a long way to fall. Not only does it have to reverse all its ill-gotten gains, but it has a long way to go beyond that. Because the problems for the dollar, the fundamentals for the dollar, have gotten worse the entire time the dollar was rallying. And it’s this phony rally in the dollar, it’s this false belief in a higher dollar and higher interest rates, that have wreaked havoc with the emerging markets, with emerging market currencies, with commodities. And all of these markets are going to be able to breathe a huge sigh of relief as the Fed backs away from these rate hikes and the dollar begins to tank. But probably the biggest beneficiary of the Fed’s new easing, this new easing cycle that I think is about to begin, is going to be gold. Gold has fallen for the last few years based on this false belief that everything is great, and we’re going to have a return to normalcy, and the Fed is going to shrink its balance sheet. Nothing could be further from the truth. The balance sheet is about to blow up. We’re going to go up to $10 trillion. The national debt just surpassed $19 trillion officially. It’s going to be $20 trillion by the time Barack Obama leaves office- maybe more. He’s doubled the national debt. The next president will have to double it again in order to keep this house of cards from collapsing. I think it’s impossible to finance- that type of growth in debt. But that’s what this bubble economy needs. Because all of our GDP grows based on debt. It’s not real economic growth. It’s just consumption that’s borrowed. And you need to borrow more and more money to get less and less GDP growth. And we’ve run to the point where we can’t do it anymore. The world is not going to continue to give us a pass. And so gold prices, I think, are going to take off. I think the correction from this long-term bull market is over. And I think gold is going to make new highs. And of course if gold is going to make new highs, so is silver. And so silver might even be a better buy than gold because silver corrected a lot more during the correction. And so it has a lot more lost ground to make up for.


“Fed Blinks: Tightening Financial Conditions Will Derail Rate Hike Expectations”
YouTube Video

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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Project Prepper, Part 40: 2016 Recap

Tonight I’m reintroducing the “Project Prepper” series of posts on Survival And Prosperity. And since it’s been some time since my last post, I’m going to do a recap this evening about what this series of posts is all about for those who don’t already know. On October 24, 2012, I wrote:

Back in early 2007, I decided to launch a blog that warned anyone who would listen of a coming U.S. financial crash.

By 2010, many Americans had tasted the type of carnage I predicted three years earlier. And it was at this time I decided to take my blogging in a new direction, from simply warning about the coming storm to providing information and possible solutions for coming out on the other side of the maelstrom in decent shape.

For almost two years on Survival And Prosperity, I’ve addressed that information component. As I see it, the writing is on the wall concerning where our economy and larger financial system is headed. As such, it’s time to really focus on potential solutions- those things that might help protect and grow self and wealth in these uncertain times and down the road.

Enter “Project Prepper.”

Once in a while I blog about preppers/survivalists, and as a result, I’m often mistaken for one. The truth is, I’m not a “modern survivalist.” I’m just an independent researcher and blogger currently focusing on economics, finance, investing, and personal safety.

That being said, as a result of my research and this blog, I’m now aware of the myriad of man-made and naturally-occurring threats to my life and lifestyle (and those of my loved ones), and think it’s probably wise to acquaint myself more with “prepping” via a sustained “hands-on” program of learning and doing, which I’ll call “Project Prepper.”

Through a series of posts on this blog which I suspect should last for quite some time (years?), I’ll be able to share my preparedness experiences with you.

By doing this, I’ll also be able to make more progress in providing readers of this blog those possible solutions I talked about earlier in the post.

Will I end up being a “prepper” at the end of it all? Who knows? If anything, I should be able to glean a good deal of useful knowledge from this venture.

Knowledge which I hope to share with you…

More next week as I talk about where “Project Prepper” currently stands after writing the above a little over three years ago.

2015 Test Vegetable Garden

2015 Test Vegetable Garden

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

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Wednesday, February 3rd, 2016 Preparedness, Project Prepper No Comments

Signs Of The Time, Part 92

To reintroduce this special series of posts on Survival And Prosperity, I’ve got a two-fer for readers this week.

When I opened up my Internet service provider’s home page last Friday, one of the featured articles that day included a graphic of a man grasping his head in frustration with the following text below it:

“What to do if your 401(k) is tanking”

Something tells me this piece received a lot of views.

Earlier tonight I headed on over to MarketWatch.com where the main headline on their homepage screamed in big, bold letters:

“Recession risks warn of ‘severe’ drop in market”

Clicking on the link the article had this included with it:

“Most S&P 500 stocks could fall 50% or more if a ‘worst-case’ recession unfolds”

Definitely not the typical fare served up by MarketWatch, a wholly-owned subsidiary of Dow Jones & Company, Inc.

“Uncertain Times” indeed.

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.)

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Peter Schiff Predicts ‘Negative Interest Rates Before The Election Because We’re Going To Be In A Serious Recession’

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, is sounding the alarm again these days. Big time. Business Insider’s Bob Bryan reported Friday:

The CEO and chief global strategist for Euro Pacific Capital, and noted perma-bear, said that serious economic destruction is just a few months away.

“I think the Fed is going to have negative interest rates before the election because we’re going to be in a serious recession,” Schiff told Business Insider on Friday.

In fact, Schiff said that we may already be in recession and this one is going to be a doozy.

“We’re in worse shape now than we were in 2007,” he said…

“We’re headed for a real economic collapse,” Schiff said, “the order of magnitude of which will be much greater than 2008’s crash.”

No way am I going to steal Bryan’s thunder on this. Head on over to the Business Insider website here for the full story.

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.)

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Monday, February 1st, 2016 Crash Prophets, Interest Rates, Recession No Comments

Jim Rogers Predicts Gold ‘Ending In A Bubble Maybe Three Or Four Years From Now’

I read an insightful article the other day about well-known investor, author, and financial commentator Jim Rogers on Agrimoney.com. In it, Mike Verdin shared what Rogers, the former investing partner of George Soros in the legendary Quantum Fund, thinks about certain investments opportunities. The Singapore-based investor is “pessimistic about stocks for the next couple of years,” and is still bullish on agriculture. But it’s what Rogers, who predicted the commodities rally that began in 1999, said about gold and crude oil that I found most interesting. From the January 28, 2016, piece:

He foresees a rally in gold “ending in a bubble maybe three or four years from now”.

And oil prices around $30 a barrel are unsustainable.

“People cannot explore, drill at $30 a barrel” and expect a satisfactory return on their investment.

And with old wells being pulled offline, “there is not going to be any oil” unless higher values make new sources viable.

He compares current weakness in commodity prices to that in shares during their late-20th century bull run.

“In the 1980s and 1990s, stocks went down 40-80%, and people said ‘that’s the end of that’.

“But it was not the end. We have seen before in other asset classes” the reversal in commodities he believes will prove short-term…

Good stuff, which you can read all about on Agrimoney.com here.

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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Marc Faber: ‘The Reality Is That We’re Already Now Almost In A Recession’

The “crash prophets” are running at full-throttle these days. Swiss-born investment advisor/money manager Marc Faber was on the CNBC TV show Fast Money last Monday, and in addition to predicting “volatility will stay very high” in the stock market, he warned viewers:

The U.S. market has been holding up much better than other markets and now it’s adjusting to reality, and the reality is that we’re already now almost in a recession. We’re in an industrial recession… But of course media people and financial people- they don’t feel the recession yet because they’re in the wonderful service economy that is booming. But ordinary people are not booming, that I assure you.


“The world according to Faber”
CNBC Video

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.)

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Quote For The Week

“Whom the gods would destroy, they first make mad.”

-Euripides (Greek tragedian. 480-406 B.C.)

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

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Monday, February 1st, 2016 Quote For The Week No Comments

Gabe Suarez Shares Latest Insights On Terrorism, Mass Shootings

In the previous post I referenced one published back on April 28, 2011, about the next Mumbai-style attack. I blogged:

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

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

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

So what do we do?

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

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

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

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

Be ready or be a victim.

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

Almost six years on, Gabe Suarez continues to head up the multinational corporation Suarez International. I still check-in on Suarez on a regular basis via Facebook and his Suarez International Blog, “a ‘warrior lifestyle’ publication dedicated to the modern excellence-seeking martial enthusiast.” I blogged about his January 8 “Every Man Is A Counter Terrorist” Facebook post, in which he discussed the Charlie Hebdo terrorist attack in Paris, France, and called upon readers to become counter-terrorists.

No holds barred. Thought-provoking. Classic Suarez.

I highlighted two other terrorism/mass shooting-related posts of his for the remainder of last year. One was a follow-up to his January 8 Facebook entry. The second focused on the October 1 mass shooting at Umpqua Community College in Oregon.


“GROUND ZERO WITH THE ACTIVE SHOOTER”
YouTube Video

Today, I want to share with Survival And Prosperity readers Gabe Suarez’s latest material on terrorism/mass shootings. From his Suarez International Blog in January:

Terrorism In America- Reality Check” (January 6):

Are there sleeper cells in the USA planning…actively…to bring terror to every American? Yes, of course. Did anyone doubt this? I would have to sit and ponder for a time just how many events there have been. I recall the suicide bomber outside the OSU football game in 2005. And of course the prominent ones…Fort Hood…Boston Marathon…and now, San Bernardino. The common and undeniable thread is of course – the terrorists are all acting in the name of their political-religious ideology…

We Live In A Time Of War” (January 8):

From a good friend who has been there done that… on the dark side

***

Being prepared in a dangerous world. PLEASE take time to read & digest. Please share with others. As we have become complacent in our lives, others want to and will do their best to disrupt that complacency. This is extremely long, but, quite thorough. And, in the big picture, good advice…

Living In The ‘Before’” (January 11):

I had a long discourse today with a friend from high school. She was concerned about all the terrorism today and wanted advice. She had been living in the “before”.

What is the before?

I found Gabe Suarez’s insights in these three blog posts valuable. Perhaps readers will too.

For more information about Suarez International, visit their website here.

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

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Islamic State Preparing Terrorist Attacks On Europe, Russia?

This last day of the blogging week I’ll be turning away from economics/finance/investing and focusing on terrorism. The latest warnings include Europe/Russia possibly being in the jihadist’s crosshairs. From the Agence France-Presse (AFP) Monday:

The Islamic State group has honed the ability to launch global attacks and is set to focus more on Europe following the Paris massacre, the chief of the EU police agency Europol said Monday.

Rob Wainwright told a news conference that “the so-called Islamic State had developed a new combat style capability to carry out a campaign of large-scale terrorist attacks on a global stage — with a particular focus in Europe.”

“So-called Islamic State has a willingness and a capability to carry out further attacks in Europe, and of course all national authorities are working to prevent that from happening,” he added.

Wainwright was unveiling the findings of a new Europol report on changes in how the jihadist group operates…

“IS is preparing more terrorist attacks, including more ‘Mumbai-style’ attacks, to be executed in member states of the EU, and in France in particular,” the Europol report said.

“The attacks will be primarily directed at soft targets, because of the impact it generates. Both the November Paris attacks and the October 2015 bombing of a Russian airliner suggest a shift in IS strategy towards going global.”

IS had developed an “external action command” which was trained for “special forces-style attacks” internationally, the report said…

(Editor’s note: Bold added for emphasis)

“‘Mumbai-style’ attacks.” Something I’ve talked about before on Survival And Prosperity.

The Russians are sounding the alarm over potential ISIS terror strikes as well. From RT.com this morning:

Islamic State cells led by Chechen recruiter Akhmed Chetayev are planning terrorist attacks in Russia and Europe, Moscow’s National Anti-Terrorist Committee reported. Former Iraqi army officers are taking part in training terrorists to attack Russia, it added.

“Russian special services have intelligence that certain IS groups are preparing terrorist attacks in Russia and European nations,” Andrey Przhezdomsky, spokesman for the Russian National Anti-Terrorist Committee, warned on Friday. “In particular, a battalion formed mainly from recruits from North Caucasus headed by Akhmed Chetayev, nicknamed One-Handed.”

Chetayev’s group reportedly includes dozens of people born in Russia’s southern republics who traveled to Syria to join the ranks of Islamic State (IS, formerly ISIS/ISIL).

The official added that former Iraqi army officers who served under Saddam Hussein are training the terrorists…

(Editor’s note: Bold added for emphasis)

Caucasian jihadists? I’d heard the bad guys were looking for these as their appearance might help them “fly under the radar” (no pun intended) of existing counter-terrorism setups.

Stay safe…

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

Sources:

“IS planning for ‘large-scale’ attacks on Europe: Europol.” Agence France-Presse. 25 Jan. 2016. (http://news.yahoo.com/planning-large-scale-attacks-europe-europol-002121327.html). 29 Jan. 2016.

“Special ISIS cells preparing terror attacks in Europe and Russia – Russian anti-terrorism body.” RT. 29 Jan. 2016. (https://www.rt.com/news/330556-isis-terror-europe-russia/). 29 Jan. 2016.

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