Barack Obama

Polls Show Americans More Optimistic On Economy

Despite the significant financial challenges this country faces, a number of Americans seem to be more optimistic about the economy going forward. Jeffry Bartash reported on the MarketWatch website yesterday:

Even though U.S. growth slowed sharply in the first quarter, Americans are more optimistic about the economy now than at any time since President Obama took over the White House in January 2009.

A new CNN poll shows that 52% of Americans view the economy as “very” or “somewhat” good vs. 48% who call it “poor” or “somewhat poor.”

It’s only the second time a majority have expressed a positive view during the Obama presidency — the first time was in December — and it is the highest reading in almost eight years. The last time Americans were as optimistic was in September 2007

(Editor’s note: Bold added for emphasis)

In addition to that CNN poll, a recent Bloomberg Politics poll suggests the American public is more positive about the economy and how Barack Obama and the Democrats are handling it. Margaret Talev wrote on the Bloomberg website last week:

Hillary Clinton’s presidential hopes may be buoyed by a more optimistic feeling about President Barack Obama and the economy seen in a new Bloomberg Politics poll.

Americans are becoming more optimistic about the country’s economic prospects by several different measures. President Barack Obama’s handling of the economy is being seen more positively than negatively for the first time in more than five years, 49 percent to 46 percent—his best number in this poll since September 2009

Thirty-four percent said the national economy will become stronger over the next year, while just 21 percent said it will get worse and 44 percent predicted the status quo. That’s up from last June, when 30 percent said things were getting better…

(Editor’s note: Bold added for emphasis)

Finally, Myles Udland noted in an April 17 piece on the Business Insider website:

Consumer confidence is soaring.

The preliminary reading on consumer confidence from the University of Michigan came in at 95.9, topping expectations for a reading of 94.0.

This is the second highest reading since 2007…

(Editor’s note: Bold added for emphasis)


National Recovery Administration, The Road Is Open Again (1933)
YouTube Video

I’m not sure where all this optimism is coming from. After all, the nation’s economic woes which reared its ugly head by the fall of 2008 have merely been papered over and kicked down the road a few years.

Meanwhile, the Fed depleted plenty of ammunition (see “About” page Fed charts) keeping the whole setup afloat.

As I’ve mentioned before, it’s probably not a bad idea to take advantage of this upsurge in confidence to try and improve one’s resilience to a financial crash I still see coming.

Each person’s circumstances are different. But I, for one, have been focusing on meeting those six “innate survival needs” from my “Project Prepper” series of posts- among other things like increasing income. To recap, those “needs” are:

• Security
• Water
• Food
• Shelter
• Sanitation and Health
• Energy

In order of priority- for me.

Hopefully, these can be taken care of before the “balloon goes up.”

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

Sources:

Bartash, Jeffry. “American optimism about economy highest since Obama became president.” MarketWatch. 21 Apr. 2015. (http://www.marketwatch.com/story/american-optimism-about-economy-highest-since-obama-became-president-2015-04-21). 22 Apr. 2015.

Talev, Margaret. “Bloomberg Politics National Poll Finds Improving Economic Mood.” Bloomberg.com. 16 Apr. 2015. (http://www.bloomberg.com/politics/articles/2015-04-16/bloomberg-politics-national-poll-finds-improving-economic-mood). 22 Apr. 2015.

Udland, Myles. “Consumer confidence soars to second-highest level since 2007.” Business Insider. 17 Apr. 2015. (http://www.businessinsider.com/university-of-michigan-consumer-confidence-2015-4). 22 Apr. 2015.

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Obama: ‘I Haven’t Given Up’ On Tighter Gun Control

During this renewed push by Democrats for more gun “control,” I’ve noted efforts at the state level here in Illinois and in Congress as well. Now, U.S. President Barack Obama had thrown down the gauntlet in 2015. Obama recently spoke with Dr. Richard Besser of ABC News during a sit-down interview at Howard University. From their exchange which was uploaded on the ABC News website on April 8:

BESSER: Following Sandy Hook, you promised America tighter gun control. Have you given up?
OBAMA: No, I haven’t given up. What we’ve done is to try to do as much as we could administratively- to tighten up how background checks are run, to go after illegal drug runners. But I will tell you that trying to get something through Congress has proven to be really difficult. And it’s heartbreaking…


YouTube Video

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

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Judicial Watch: 165,900 Convicted Criminal Aliens Released Throughout U.S. By Immigration And Customs Enforcement

Security and self-defense are often on my mind these days. Even more so after reading the following yesterday on the website of Judicial Watch, a Washington, D.C.-based conservative, non-partisan educational foundation. From their “Press Room”:

Judicial Watch today released 76 pages of Department of Homeland Security (DHS) documents revealing that as of April 26, 2014, Immigration and Customs Enforcement (ICE) had released 165,900 convicted criminal aliens throughout the United States, including many convicted of such violent crimes as homicide, sexual assault, kidnapping, and aggravated assault. (Reports recently detailed that ICE released another 30,000 in the most recent fiscal year, which brings the grand total of known criminals released by the Obama administration to 195,900.)

The documents were released through a July 21, 2014, Freedom of Information Act (FOIA) lawsuit (Judicial Watch v. U.S. Department of Homeland Security (No. 1:14-cv-01237)) filed by Judicial Watch…

The ICE documents confirm a May 2014 Center Immigration Studies (CIS) report showing that in 2013 ICE freed 36,007 convicted criminal aliens, who had nearly 88,000 convictions, including 193 homicide convictions, 426 sexual assault convictions, and 303 kidnapping convictions.

As has been previously reported, and is evidenced in these documents, the 36,007 criminal aliens freed by ICE in 2013 were just the tip of the iceberg. In a DHS “Overview of ICE” document marked “FOR OFFICIAL USE ONLY,” the following figures are reported through April 26, 2014 [NOTE: “Final Order” indicates the illegal aliens were ordered to leave the country, but have not done so and remain free]:

• Non-Detained Final Order Convicted CRIMINAL 165,950
• Non-Detained Final Order NON CRIMINAL 706,950
• Non-Detained Final Order TOTAL 872,900

(Editor’s note: Bold added for emphasis)

The Chicago Crime Commission recently pointed out:

There are an estimated 70 to 100 gangs in the Chicago metropolitan area with a membership of between 68,000 to over 150,000.

“68,000 to Over 150,000″ gangbangers in the Chicagoland area.

And now ICE releases 165,900 convicted criminal aliens throughout the country, with a good number of them likely headed to the nearby “sanctuary city” of Chicago and its suburbs- where I live.

Yeah, I’d be a fool to not be at least a little concerned about the safety of my loved ones or myself in light of all this disturbing information.

You can read the entire press release on the Judicial Watch site here.

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

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Many Chicago-Area Residents Unprepared For Spring Snow Event

I didn’t publish any new material yesterday on Survival And Prosperity due to the fact my girlfriend and I were painting the front room most of the weekend and I shoveled half-a-foot of snow around my property and that of my neighbors (who are getting on in years) Monday here in the northwest suburbs of Chicago.

I did get the chance to watch some local news yesterday morning before heading out to shovel in the early afternoon.

And all I could do was shake my head.

You see, the various TV broadcasts were pointing out that many Chicago-area residents were unprepared for the wintry weather.

Despite the fact that it’s been known to snow around here as late as May.

Sadly, camera crews showed a number of people woefully under-dressed for the occasion. One woman was waiting for her ride- while wearing sandals. A Barrington resident was clearing snow from his property in shorts and sandals. Downtown, plenty of people were wearing jackets and other clothing much more appropriate for a warm spring day.

One of the reporters told viewers that most of the people she talked to who were not donning winter wear admitted they had already placed their winter clothes in storage.

Yikes!

I get it. The Chicagoland area has had some real nice weather lately- especially compared to last year.

And from time-to-time I’m guilty too of not being appropriately-dressed for the weather/seasons (I no longer use loafers without socks during the winter. Then again, I can’t remember the last time I wore loafers.)

I wouldn’t make such a big deal about the whole thing if I wasn’t concerned it’s symptomatic of something bigger affecting many Chicago-area residents.

Namely, falling into a state of unpreparedness by letting ourselves become too easily detached from reality.

Long-time area residents know darn well that winter-like weather can strike the Midwest from October through May. Yet we experience several nice spring-like days, and all of a sudden we’re rushing to put the winter gear away by mid-March.

I was driving out by St. Charles the other week when I spotted a pickup truck laden with holiday decorations and a snowblower that looked destined for storage. “Damn fool jinxed us,” I declared to my girlfriend.

Should there be any surprise that President Obama’s “Hope and Change” campaign message struck a chord with so many people around these parts?

And yet here I am, with plenty of sand still clinging to the sidewalks/driveway and my Swedish military M90 parka, Norwegian military rain pants, and U.S. “Mickey Mouse” boots lying around the basement bathroom, ready to be put into civilian service.

It’s good to live for today, to embrace euphoria. But it’s no less important to remember history, pick out/understand trends, grasp the “big picture.”

Remain connected to reality.

And prepare accordingly for the not-so-nice stuff.

Your frozen butt would thank you.

I could easily suggest don’t put away winter items until Mother’s Day (May 10 this year).

But that wouldn’t have done much good last year, when snow fell on the Chicago metro area on May 16.

Oh well. All we can do is be prepared for more snow if/when it comes. And give thanks for any warm weather that heads our way.

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

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Tuesday, March 24th, 2015 Preparedness, Weather No Comments

Proposed Ban Of Common AR-15 Rifle Ammunition Suspended

In case you haven’t heard the latest about that proposed ban on common M855 ball ammunition (or SS109 as it’s sometimes referred to) for the AR-15 semi-automatic rifle, the National Rifle Association’s Institute for Legislative Action reported on their website yesterday:

Fairfax, Va. – The National Rifle Association (NRA) was instrumental in stalling the Obama Administration’s initial attempt to ban commonly used ammunition for the most popular rifle in America, the AR-15. The announcement that the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) will suspend its proposed framework to ban M855 ammunition validates the NRA’s assertion that this effort was nothing more than a political maneuver to bypass Congress and impose gun control on the American people.

“Today’s announcement proves what we have said all along — this was 100% political. President Obama failed to pass gun control through Congress, so he tried to impose his political agenda through executive fiat. But every gun owner in America needs to understand Barack Obama’s hatred of the Second Amendment has not changed,” said Wayne La Pierre, Executive Vice President of the National Rifle Association.

Chris Cox, Executive Director of NRA-ILA criticized the dishonest campaign to ban this common ammunition: “The lies used to justify the ban were shameful. This proposal was never about law enforcement safety – it was about the Obama Administration’s desire to pander to billionaire Michael Bloomberg and his gun control groups. Since they haven’t been able to ban America’s most popular rifle, they are trying to ban the ammunition instead.”

Since the BATFE announced its plan to ban commonly used ammunition less than a month ago, the NRA rallied its five million members and tens of millions of supporters across the country in strong opposition. In addition, the NRA worked with congressional leaders in both the U.S. House and Senate to oppose this misguided proposal.

“The NRA would like to thank House Judiciary Committee Chairman Bob Goodlatte, Senate Judiciary Committee Chairman Chuck Grassley and House Commerce, Justice, Science Appropriations Subcommittee Chairman John Culberson for leading the fight against this unconstitutional attack on our Second Amendment freedoms,” continued Cox. “This was a significant victory for our five million members and tens of millions of supporters across the country.

“Make no mistake, this fight is not over. We will remain vigilant and continue to fight against President Obama’s attempt to dismantle the Second Amendment,” concluded LaPierre.

To view the congressional letters to BATFE, along with the Member signatures, click here and here.

To view recent op-ed in the Daily Caller by Chris Cox on the proposed ammunition ban, click here.

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

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Latest On Proposed Ban Of Common AR-15 Rifle Ammunition

Back on February 16, I blogged about the push by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) to ban common M855 ball ammunition (or SS109 as it’s sometimes referred to) for the AR-15, a semi-automatic rifle incredibly-popular with America’s shooting community. The National Rifle Association’s Institute for Legislative Action (NRA-ILA) charged on February 13:

In a move clearly intended by the Obama Administration to suppress the acquisition, ownership and use of AR-15s and other .223 caliber general purpose rifles, the Bureau of Alcohol, Tobacco, Firearms and Explosives unexpectedly announced today that it intends to ban commonplace M855 ball ammunition as “armor piercing ammunition.” The decision continues Obama’s use of his executive authority to impose gun control restrictions and bypass Congress…

Earlier today, I tuned in to the Mrgunsngear Channel on YouTube.com, and noticed Mrgunsngear had uploaded a video this weekend in which he discussed the latest developments going on with the proposed ban of “the second-most common ammo sold for the AR-15”:


“Is M855/SS109 5.56 Banned Already?
**Edit—Update With Current Latest Info At End…”
YouTube Video

Personally, I suspect the proposed (current?) ban is simply more “backdoor” gun “control” coming out of the White House. Remember what I wrote back on May 31, 2011:

This report comes after a recent Washington Post piece that was published on April 11th by Jason Horowitz in which President Obama is alleged to have said his administration was working on gun control “under the radar.” Horowitz wrote:

On March 30, the 30th anniversary of the assassination attempt on President Ronald Reagan, Jim Brady, who sustained a debilitating head wound in the attack, and his wife, Sarah, came to Capitol Hill to push for a ban on the controversial “large magazines.” Brady, for whom the law requiring background checks on handgun purchasers is named, then met with White House press secretary Jay Carney. During the meeting, President Obama dropped in and, according to Sarah Brady, brought up the issue of gun control, “to fill us in that it was very much on his agenda,” she said.

“I just want you to know that we are working on it,” Brady recalled the president telling them. “We have to go through a few processes, but under the radar.”

In the meeting, she said, Obama discussed how records get into the system and what can be done about firearms retailers. Her husband specifically brought up the proposed ban on large magazine clips, and she noted that even former vice president Dick Cheney had suggested that some restrictions on the clips might make sense.

“He just laughed,” Sarah Brady said approvingly of the president. Both she and her husband, she emphasized, had absolute confidence that the president was committed to regulation.

(Editor’s note: Bold added for emphasis)

“We have to go through a few processes, but under the radar.”

That’s how this administration is going to roll, especially after those gun and ammunition magazine ban setbacks at the federal level post-Newtown.

That being said, gun “control” supporters will be ready to breach the “front door” with the next major mass shooting/casualty event. Readers may recall my February 18 post about the Large Capacity Ammunition Feeding Device Act (bans ammunition magazines accepting more than 10 rounds) already introduced in the U.S. House and Senate (H.R. 752 and S. 407, respectively).

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

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Obama Taunts Republicans On Economy: ‘The Sky Hasn’t Fallen, Chicken Little Is Quiet’

Back when I was running this blog’s predecessor, Boom2Bust.com, “The Most Hated Blog On Wall Street,” I remember coming across a number of infamous statements made prior to and during the Great Depression by leaders in government, finance, and industry of the day. For example, as Fox News cataloged back on October 26, 2009:

“We will not have any more crashes in our time.” – John Maynard Keynes (1927)

“There is no cause to worry. The high tide of prosperity will continue.” – Andrew W. Mellon, Secretary of the Treasury. (September 1929)

“There may be a recession in stock prices, but not anything in the nature of a crash.” – Irving Fisher, Leading U.S. Economist, New York Times (Sept. 5, 1929)

“This crash is not going to have much effect on business.” – Arthur Reynolds, Chairman of Continental Illinois Bank of Chicago (October 24, 1929)

October 24, 1929, eventually became known in the history books as “Black Thursday,” when “the Dow Jones Industrial Average plunged 11% at the open in very heavy volume, precipitating the Wall Street crash of 1929 and the subsequent Great Depression of the 1930s,” according to Investopedia.com.

Right before the weekend, the White House published a press release on their website containing a transcript of U.S. President Barack Obama’s remarks Friday at the Democratic National Committee’s Winter Meeting in Washington, D.C. From that document:

I just want everybody to remember that at every step as we made policies, as we made this progress, we were told by our good friends, the Republicans, that our actions would crush jobs, and explode deficits, and destroy the country. I mean, I want everybody to do a fact-check — (laughter) — and go back to 2009, 2010, ’11, ’12, ’13 — just go back and look at the statements that were made each year by these folks about all these policies. Because apparently they don’t remember. (Laughter.)

And now that their grand predictions of doom and gloom, and death panels and Armageddon haven’t come true — (laughter) — the sky hasn’t fallen, Chicken Little is quiet — (laughter)

(Editor’s note: Bold added for emphasis)

Something tells me this remark- akin to calling the outcome of a baseball game while it’s still in the early innings- will end up in the U.S. history books as well down the road, under that section entitled “Second Great Depression.”

“Let’s play two!” No thanks, Mr. Banks.

To be fair, President Obama isn’t entirely responsible for the coming financial crash. The actions of both sides of the political aisle through the decades have made the approaching “financial reckoning day” possible- and likely- in America.

You can read the complete transcript of President Obama’s speech on the White House website here.

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

Source:

“False Hope: Famous Quotes During the Great Depression.” FoxNews.com. 26 Oct. 2009. (http://www.foxnews.com/story/2009/10/26/false-hope-famous-quotes-during-great-depression/). 22 Feb. 2015.

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NRA: BATFE To Ban Common AR-15 Ammo

It was only a matter of time. Several weeks into the new year, and the gun “control” crowd is off-and-running again. There’s been a number of developments lately, but here’s one that seems to be really worrying American gun owners- particularly those possessing the popular AR-15 rifle. From the website of the National Rifle Association’s Institute for Legislation Action (NRA-ILA) this past Friday:

In a move clearly intended by the Obama Administration to suppress the acquisition, ownership and use of AR-15s and other .223 caliber general purpose rifles, the Bureau of Alcohol, Tobacco, Firearms and Explosives unexpectedly announced today that it intends to ban commonplace M855 ball ammunition as “armor piercing ammunition.” The decision continues Obama’s use of his executive authority to impose gun control restrictions and bypass Congress.

It isn’t even the third week of February, and the BATFE has already taken three major executive actions on gun control. First, it was a major change to what activities constitute regulated “manufacturing” of firearms. Next, BATFE reversed a less than year old position on firing a shouldered “pistol.” Now, BATFE has released a “Framework for Determining Whether Certain Projectiles are ‘Primarily Intended for Sporting Purposes’ Within the Meaning of 18 U.S.C. 921(a)(17)(c)”, which would eliminate M855’s exemption to the armor piercing ammunition prohibition and make future exemptions nearly impossible.

By way of background, federal law imposed in 1986 prohibits the manufacture, importation, and sale by licensed manufacturers or importers, but not possession, of “a projectile or projectile core which may be used in a handgun and which is constructed entirely . . . from one or a combination of tungsten alloys, steel, iron, brass, bronze, beryllium copper, or depleted uranium.” Because there are handguns capable of firing M855, it “may be used in a handgun.” It does not, however, have a core made of the metals listed in the law; rather, it has a traditional lead core with a steel tip, and therefore should never have been considered “armor piercing.” Nonetheless, BATFE previously declared M855 to be “armor piercing ammunition,” but granted it an exemption as a projectile “primarily intended to be used for sporting purposes.”

Now, however, BATFE says that it will henceforth grant the “sporting purposes” exception to only two categories of projectiles:

Category I: .22 Caliber Projectiles

A .22 caliber projectile that otherwise would be classified as armor piercing ammunition under 18 U.S.C. 921(a)(17)(B) will be considered to be “primarily intended to be used for sporting purposes” under section 921(a)(17)(C) if the projectile weighs 40 grains or less AND is loaded into a rimfire cartridge.

Category II: All Other Caliber Projectiles

Except as provided in Category I (.22 caliber rimfire), projectiles that otherwise would be classified as armor piercing ammunition will be presumed to be “primarily intended to be used for sporting purposes” under section 921(a)(17)(C) if the projectile is loaded into a cartridge for which the only handgun that is readily available in the ordinary channels of commercial trade is a single shot handgun. ATF nevertheless retains the discretion to deny any application for a “sporting purposes” exemption if substantial evidence exists that the ammunition is not primarily intended for such purposes.

BATFE is accepting comments until March 16, 2015 on this indefensible attempt to disrupt ammunition for the most popular rifle in America. Check back early next week for a more in-depth analysis of this “framework” and details on how you can submit comments.

How to comment – from the BATFE

ATF will carefully consider all comments, as appropriate, received on or before March 16, 2015, and will give comments received after that date the same consideration if it is practical to do so, but assurance of consideration cannot be given except as to comments received on or before March 16, 2015. ATF will not acknowledge receipt of comments. Submit comments in any of three ways (but do not submit the same comments multiple times or by more than one method):

ATF email: APAComments@atf.gov

Fax: (202) 648-9741.

Mail: Denise Brown, Mailstop 6N-602, Office of Regulatory Affairs, Enforcement Programs and Services, Bureau of Alcohol, Tobacco, Firearms, and Explosives, 99 New York Avenue, NE, Washington, DC 20226: ATTN: AP Ammo Comments.

FOR FURTHER INFORMATION CONTACT: Denise Brown, Enforcement Programs and Services, Office of Regulatory Affairs, Bureau of Alcohol, Tobacco, Firearms, and Explosives, U.S. Department of Justice, 99 New York Avenue, NE, Washington, DC 20226; telephone: (202) 648-7070.

Permission has been granted by the NRA-ILA to reproduce the above.


“BATF to ban M855/SS109 ammo”
YouTube Video

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

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Democrats Push ‘New Message’ Of Rebounding U.S. Economy

Big eye roll on my part when I spotted the following on my Internet service provider’s home page this afternoon. Charles Babington of the Associated Press reported Friday:

Democrats’ new message on America’s economic recovery is: We told you so, and we’re going to keep telling you so.

The economy is rebounding on nearly every front, even if the middle class still needs help, and it’s time to tell that story loudly, top Democrats say. That’s the key to reversing their midterm election setbacks, according to a host of House Democrats, President Barack Obama and Vice President Joe Biden, all of whom came to Philadelphia this week for pep talks and strategy sessions.

“Democrats have to stand up, you’ve got to explain what we did,” Biden said to loud applause Friday. “Be proud of it… We can’t let the Republican Party rewrite history.”

Obama said much the same the night before. “The record shows we were right” the president said, referring to the 2009 stimulus, the bank and auto industry bailouts, and other strategies to pull out the great recession of 2008…

(Editor’s note: Bold added for emphasis)

A couple of thoughts here:

1. The true state of the U.S. economy and larger financial system is worrisome, as the “great recession of 2008” was merely “papered over” (I talk about that enough on this blog on a regular basis that I don’t feel the need to go into it today).

The news radio station I listen to most often in Chicago has been going on and on this week about the U.S. economy being on such strong footing these days. It’s almost as if they (like others in the mainstream media?) are carrying out the marching orders of the Democratic spindoctors to promote this “new message.” It’s been so ridiculous that if you didn’t know any better, you might think you were listening to old newsreels laying it on thick with the propaganda of the day:


“Vintage 1930s Inflation Propaganda”
YouTube Video

2. “We can’t let the Republican Party rewrite history.” “The record shows we were right.” Democrats vs. Republicans. Us vs. Them. Liberals vs. Conservatives. Left vs. Right. Coke vs. Pepsi…

Personally, I prefer RC.

And like that situation with the sodas, two choices often aren’t ideal for me. Particularly when it comes to the major U.S. political parties, who I’ve come to see as merely two “heads” belonging to the same monster (special interests of the rich and powerful).

3. Finally, I’ve said this before but it bears repeating:

Use this economic “rebound”- as much of an illusion as it may be- to your advantage.

Is your employment status less than ideal? You may want to consider improving that situation while “the getting’s good.” Need some extra income? You may want to look at taking on a part-time job while they’re available. Looking to purchase some emergency preps? “The shadow of crisis has passed.” President Obama said so in his recent State of the Union speech. Shop around for discounted gear, supplies, and other items while demand isn’t as strong as it has been lately and will be when hard times arrive down the road.

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

Source:

Babington, Charles. “House Democrats’ new message on the economy: We told you so.” Associated Press. 30 Jan. 2015. (http://finance.yahoo.com/news/house-democrats-message-economy-told-183956034.html). 30 Jan. 2015.

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Signs Of The Time, Part 82

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

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

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

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

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

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

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

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

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

You’ve had your fling and you flung it.

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


Scene from The Final Countdown (1980)
YouTube Video

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

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

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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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Milwaukee County Sheriff David Clarke Blasts Barack Obama, Eric Holder, Bill de Blasio For Anti-Police Sentiment In U.S.

Last night, I happened to catch the Fox News Channel show Justice with Judge Jeanine. The discussion was about the Saturday murders of two New York Police Departments cops- Wenjian Liu and Rafael Ramos- by career criminal Ismaaiyl Brinsley. African-American law enforcement officer and Milwaukee County Sheriff David A. Clarke, Jr., who first grabbed national headlines with a memorable PSA he recorded for Milwaukee County residents near the beginning of 2013 (blogged about here), appeared on the show and shared his thoughts about the killings. From the exchange between Judge Pirro and Sheriff Clarke:

PIRRO: You’ve got an African-American in the White House. And he wasn’t elected by just blacks. He was elected by whites. And yet he seems to be, along with his attorney general, the men who are creating this perception that cops are your enemy, and that you have to protect your kids from them. Why is that? Why are they doing this?
CLARKE: Because it was politically advantageous for both President Obama and Eric Holder to do that- and for Mayor de Blasio as well. And I found their statements that they came out with after the announcement of the death of these officers- I found them to be hollow, I don’t want anything to do with it. They can have it back. The only reason they’re saying what they’re saying today is because it is politically advantageous for them to say that today. They had a chance, Judge, to extol the virtue of our nation’s law enforcement officers early on in these tragic incidents. And instead, they chose divisive politics. And they benefitted from that divisive politics. But now the law enforcement community, our law enforcement officers, and our neighborhoods are suffering as a result of these divisive politics.

This stuff needs to stop from these individuals.


Milwaukee County Sheriff David Clarke On Justice with Judge Jeanine
YouTube Video

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

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Monday, December 22nd, 2014 Civil Strife, Crime, Government, Public Safety 2 Comments

Another Quote For The Week

“We’ve had four months of propaganda starting with the President that everybody should hate the police. I don’t care how you want to describe it- that’s what the protests are all about. The protests are being embraced, the protests are being encouraged. The protests, even the ones that don’t lead to violence- and a lot of them lead to violence- all lead to a conclusion:

The police are bad, the police are racist. That is completely wrong.

Actually, the people who do the most for the black community in America are the police- New York City and elsewhere. They are the ones, not the Al Sharptons, they are the ones putting their lives on the line to save black children.”

-Rudy Giuliani, former mayor of New York City, on FOX News Sunday, December 21, 2014

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

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Sunday, December 21st, 2014 Government, Propaganda, Public Safety, Racism No Comments

Obama’s Foreign Policy In A Nutshell

I’m going to roll back things a bit today. Last night, I talked about the 1-hour Huckabee TV special “Threats To America” on FOX News. In the segment about China, KT McFarland, the FOX News National Security Analyst and host of FoxNews.com’s DEFCON 3, talked about how the Obama administration perceives our nation’s place on the world stage. McFarland told Huckabee viewers:

This administration came into office not thinking America should be the greatest power in the world. They thought if America gets taken back a peg or two, that’s going to make the world a better place. They don’t think America has necessarily been a force of good in the world. And as a result, they’re very comfortable with seeing the rising China, the rising Middle East, the rising Iran. And why? Because they think if America steps back, then somehow this global community is going to be in charge of things and we’ll all be at peace. When in fact, if it’s not America, then who is it? It’s Chinese rules. It’s Moscow rules. It’s Tehran rules. Or, even worse, it’s complete chaos.


KT McFarland on Obama’s foreign policy (starts at 2:37)
YouTube Video

I consider myself a lifelong student of U.S. foreign policy and international relations. And even have some academic and work experience in these areas as well. Having followed this administration’s dealings with the rest of the world since day one, I’d have to say McFarland- who’s held national security posts in the Nixon, Ford, Reagan administrations- seems pretty much spot-on in her assessment of Obama’s foreign policy.

“Somehow this global community is going to be in charge of things and we’ll all be at peace”

I used to think this might be possible (mostly skeptical however) back when I was a college/graduate student.

Then I wised up after observing how the real world works.

Got realpolitik? Because China, Russia, and Iran sure as hell do.

Remember what one of Barack Obama’s predecessors- John F. Kennedy- warned:

Domestic policy can only defeat us; foreign policy can kill us.

Amen to that. I’m not saying idealism is necessarily a bad thing. Just that U.S. foreign policy makers need to start “keeping it real” again, as other nations will pursue national self-interest over the “global good” when the situation arises, the two cannot be mutually-satisfied, and the perceived benefits outweigh the costs.

When America “gets taken back a peg or two,” in many cases spurning the greater good (and inviting the ire of Uncle Sam/others) doesn’t look nearly as “expensive” as it once did.

And some still wonder why China, Russia, Iran, and others have been so active on the international stage the last couple of years…

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

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Quote For The Week

“Have you met Joe Biden?”

-U.S. Representative Trey Gowdy (R-SC 4th District), on impeaching President Obama for issuing an Executive Order granting amnesty to illegal immigrants in the United States

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

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