Donald Trump

Warren Buffett’s $12 Billion Stock Purchase Analyzed

Back on January 31, I blogged about famous stock investor Warren Buffett informing talk show host Charlie Rose he bought $12 billion (net) of common stocks since Election Day.

The third richest man in the world and his equity purchases were the focus of an article on the FOX Business Network website today. Matthew Frankel reported:

According to Berkshire Hathaway’s latest SEC filing, Warren Buffett and company had an active fourth quarter in 2016. After sitting on a company record $85 billion cash hoard at the end of the third quarter, and having said that Berkshire spent $12 billion on common stocks in the wake of Donald Trump’s election victory, investors have been wondering what Berkshire has been up to. Here’s the answer.

While we don’t necessarily know the reasoning behind Berkshire’s latest investments, or whether they were initiated by Warren Buffett himself or one of his trusted stock pickers, we do know what changed in Berkshire’s portfolio during the fourth quarter. Here are the most notable buys

(Editor’s note: Bold added for emphasis)

I’m not going to steal Frankel’s thunder here. Head on over to the FBN website here to read what the “Oracle of Omaha” has been acquiring.

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

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

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Thursday, February 16th, 2017 Government, Investing, Stocks Comments Off on Warren Buffett’s $12 Billion Stock Purchase Analyzed

Second City Cop Blog Breaks Down Chicago Violence

“11 people have been killed and 11 wounded in shootings over a 48-hour period in Chicago from Tuesday afternoon to Thursday morning, Chicago police said…”

-ABC7 Chicago website Thursday afternoon

In the wake of a bunch of kids getting shot and killed in Chicago the last couple of days, the popular Chicago police blog Second City Cop explained very simply why the city is a shooting gallery. “SCC” wrote early Wednesday morning:

Gun laws go unenforced… Offenders are routinely released or sentenced to minimal time, so there’s nothing to fear from the judicial side of things- no consequences. No one in the “community” is willing to step up. Shame doesn’t work, appealing to a higher morality doesn’t work, humiliation doesn’t work…

(Editor’s note: Bold added for emphasis)

Consider the following findings of a recently-released University of Chicago Crime Lab report entitled Gun Violence In Chicago, 2016 (blogged about here):

Individuals arrested for a homicide or shooting in Chicago in 2016 and 2015 had similar prior criminal records: around 90 percent had at least one prior arrest, approximately 50 percent had a prior arrest for a violent crime specifically, and almost 40 percent had a prior gun arrest. The average person arrested for a homicide or shooting in both years had nearly 12 prior arrests, with almost 45 percent having had more than 10 prior arrests, and almost 20 percent having had more than 20 prior arrests

(Editor’s note: Bold added for emphasis)

SCC went on to add:

We guess it’s time to blame the police again…

And the Second Amendment. The NRA. Republicans. Trump. Bush. And on and on and on.

Yep. If there’s one thing “The Machine” has been good at, it’s directing Chicagoans’ attention away from the “unpleasant”…

“Hey you! Don’t watch that. Watch this!

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

Sources:

“11 Killed, 11 Wounded In 48 Hours In Chicago Shootings.” ABC7. 16 Feb. 2017. (http://abc7chicago.com/news/11-killed-11-wounded-in-48-hours-in-chicago-shootings/1757827/). 16 Feb. 2017.

SCC. “Two? Seriously, TWO?” Second City Cop. 15 Feb. 2017. (http://secondcitycop.blogspot.com/2017/02/two-seriously-two.html). 17 Feb. 2017.

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Thursday, February 16th, 2017 Crime, Firearms, Government, Gun Rights, Legal, Political Parties, Propaganda, Public Safety Comments Off on Second City Cop Blog Breaks Down Chicago Violence

IMF Chief: ‘Optimistic’ About U.S. Economy While Stronger Dollar, Higher Interest Rates ‘Worrying’

Yesterday I caught the following on the website of Agence France-Presse. AFP reported:

International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world.

“From the little we know, and I will insist on the little we know, because this is really work in progress… but from the little we hear, we have reasons to be optimistic about economic growth in the United States,” Lagarde said at the annual World Government Summit in Dubai.

Lagarde predicted tax reform and more investment in infrastructure were both likely under Trump…

“Now that’s the good news,” said Lagarde. “The more worrying news, if you will, is that it will have consequences on the rest of the world, and we are seeing it.”

She highlighted the strength of the dollar against other currencies, predicting a hike in interest rates regulated by the Federal Reserve.

“That’s a tightening that will be difficult on the global economy and for which economies will have to prepare,” said Lagarde.

(Editor’s note: Bold added for emphasis)

Hmm. Could the Federal Reserve use Lagarde’s concern regarding higher U.S. interest rates making things “difficult” for the global economy as one reason not to raise rates next month?

The other weekend, Euro Pacific Capital CEO Peter Schiff claimed in his YouTube vlog:

The reason the Fed didn’t give a clue that it might be raising rates in March, is because it has no intention of doing so.

(Editor’s note: Bold added for emphasis)

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

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

Source:

“IMF’s Lagarde ‘optimistic’ about U.S. economy.” Agence France-Presse. 12 Feb. 2017. (https://www.yahoo.com/news/imfs-lagarde-optimistic-us-economy-104123263.html) 13 Feb. 2017.

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Monday, February 13th, 2017 Crash Prophets, Currencies, Federal Reserve, Fiscal Policy, Government, Infrastructure, Interest Rates, Spending, Taxes Comments Off on IMF Chief: ‘Optimistic’ About U.S. Economy While Stronger Dollar, Higher Interest Rates ‘Worrying’

Illinois House Adopts ‘Zombie Preparedness Month’ Resolution, Schedules ‘2nd Amendment Preservation Act’ Hearing

While bills related to the ongoing budget impasse are drawing the bulk of attention these days, there has been activity in the Illinois House of Representatives on two other pieces of legislation that may interest Survival And Prosperity readers.

First, there’s House Bill 413, which seeks to create the “2nd Amendment Preservation Act.” From the Illinois General Assembly website:

Short Description: 2ND AMENDMENT PRESERVATION

House Sponsors
Rep. David B. Reis

Hearings
Judiciary- Criminal Committee Hearing Feb 15 2017 3:00PM Capitol Building Room 114 Springfield, IL

Synopsis As Introduced
Creates the 2nd Amendment Preservation Act. Provides that other than in compliance with an order of a court, notwithstanding any law, regulation, rule, or order to the contrary, no agency of this State, political subdivision of this State, or employee of an agency or political subdivision of the State acting in his or her official capacity shall: (1) knowingly and willingly participate in any way in the enforcement of any federal Act, law, order, rule, or regulation issued, enacted, or promulgated on or after the effective date of the Act regarding a personal firearm, firearm accessory, or ammunition; or (2) utilize any assets, State funds, or funds allocated by the State to local entities on or after the effective date of the Act, in whole or in part, to engage in any activity that aids a federal agency, federal agent, or corporation providing services to the federal government in the enforcement or any investigation under the enforcement of any federal Act, law, order, rule, or regulation issued, enacted, or promulgated on or after the effective date of the Act regarding a personal firearm, firearm accessory, or ammunition…

(Editor’s note: Bold added for emphasis)

Some might ask if this pro-2A legislation is even necessary considering the Republican-controlled Congress and an NRA-backed President who seems to support gun rights.

From what I understand, its purpose is to have something in place to combat some future Oval Office that’s made gun control and civilian disarmament a priority.

As indicated above, a “Judiciary-Criminal Committee Hearing” on Illinois HB0413 has been scheduled for next Wednesday, February 15.

Moving on to Illinois House Resolution 30, seeking to designate October 2017 as “Zombie Preparedness Month” in the state. From the Illinois General Assembly site:

Short Description: ZOMBIE PREPAREDNESS MONTH

House Sponsors
Rep. Emanuel Chris Welch- Grant Wehrli and Tim Butler

Synopsis As Introduced
Designates October 2017 as “Zombie Preparedness Month” in the State of Illinois, and urges all Illinoisans to educate themselves about natural disasters and take steps to create a stockpile of food, water, and other emergency supplies that can last up to 72 hours…

(Editor’s note: Bold added for emphasis)

I just learned this morning that Illinois HR0030 was adopted by the House Thursday.

Now, prior to the adoption of this legislation and even as recent as Friday morning, some are criticizing this resolution as being a distraction from more pressing matters facing the state, like the budget/debt crisis.

I don’t know. While this part of the country is generally thought to be less disaster-prone than other regions, major emergencies and man-made/natural disasters can strike anyplace at anytime. Besides the significant earthquake danger posed to southern Illinois (just blogged about Tuesday), other threats to the state include severe weather, terrorism, nuclear power plant accidents, and economic collapse, among others. And I’m guessing the majority of Illinoisans probably aren’t prepared to deal with any of these.

Since the zombie fad is still “hot” these days, why shouldn’t Springfield capitalize on it NOW and use the Zombie Apocalypse as the vehicle to get Illinois residents prepared for future emergencies/disasters?

Plus, did any critics take a moment to consider it’s possible (likely?) Representatives Emanuel “Chris” Welch (D-Hillside, Grant Wehrli (R-Naperville), and Tim Butler (R-Springfield) were shrewd enough to figure out that introducing this resolution and getting it adopted when they did- in the middle of a raging budget battle- would generate significant publicity about Zombie Preparedness Month?

Query the event in a search engine and you’ll see what kind of attention their action is getting.

All for a good cause, if you ask me.

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

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Friday, February 10th, 2017 Ammunition, Debt Crisis, Emergencies, Firearms, Food, Government, Gun Rights, Man-Made Disasters, Natural Disasters, Political Parties, Preparedness, Public Safety, Supplies, Terrorism, Water, Weather Comments Off on Illinois House Adopts ‘Zombie Preparedness Month’ Resolution, Schedules ‘2nd Amendment Preservation Act’ Hearing

Signs Of The Time, Part 117

Any Survival And Prosperity readers use Facebook?

I originally signed up for the social media/networking service some years back with the intention of creating a “page” for my research/blogging.

I would create the additional page and populate it with material… and then it would magically be “reset” the next time I tried to access it (yes, I did select “save” when available).

Weird, huh?

So I gave up on that. And these days, I just use Facebook to stay abreast of what’s new with family, friends, and others.

But in recent times- coinciding with the 2016 campaign season heating up to be exact- I’ve been required to scroll down my “Home” page much more than usual to read posts about exotic travels, kids’ accomplishments, new pets, and other good stuff.

Why? Because the rest of that page is often heavily-populated by political posts “shared” or “liked” from my Facebook friends. Most aren’t very complimentary about President Trump and the Republicans, I might add (and not too surprising considering where I live).

But I’m not complaining, as my Facebook friends are entitled to post about their personal politics on their chosen social media platform.

As for me, I’m not too comfortable discussing politics with other people, save my girlfriend, who is a distant relative to an obscure former Senator from Wisconsin by the name of Joseph McCarthy and rather well-versed in government goings-on (being a former civil servant herself).

As individual politics vary so much and “anomalies” exist even among the political partisans (I’ve encountered a staunch defender of gun rights… who also happens to be a hardcore Democrat), I figure I’m bound to tick someone off with “deep conversation” about such matters. Which works well with running Survival And Prosperity, as it’s a project focused on financial/personal safety and not a “political blog.”

That being said, my decade-long track record (counting Boom2Bust.com) shows I don’t hesitate to assign blame- be it the Republicans or the Democrats- where blame is undoubtedly due and identification of the political party is central to the discussion at hand.

I’ll leave readers with this. Regarding all the animosity being directed against the Trump administration and the Republicans, while a good deal of it stems from ideological differences, personal dislike of the man, the fact that POTUS is a male, etcetera, keep in mind something that FOX 32 News (Chicago) political editor Mike Flannery pointed out while getting gassed at the Washington, D.C., riot on Inauguration Day:

Democrats currently hold fewer elected offices nationwide than at any time since the 1920s.

And what’s that old saying?

“Desperate times call for desperate measures”

“Desperate measures” will undoubtedly be taken to compensate for/attempt to regain that lost political power. That’s just how the politics “game” is played.

And the “resistance” will continue for the foreseeable future.

Even on Facebook, by the looks of things.

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

2/13/17 UPDATE: Regrettably, one of my Facebook friends has now been “unfollowed” for clogging my “Home” page with political posts. Like I said above, they’re entitled to post about their personal politics on their chosen social media platform. But consider the ramifications of such activity on the recipient(s) of this material. In this case, the number of political posts being authored, “liked,” and “shared” made navigating Facebook a real chore. I held out as long as I could- didn’t want to miss important achievements/events in this person’s life shared via Facebook- but it was just too much in the end.

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Thursday, February 9th, 2017 Government, Political Parties, Signs Of The Time Comments Off on Signs Of The Time, Part 117

Rise Of The Survival Communities

Fast and Furious.

No, not the alleged Obama administation gun-running progam.

Rather, the number and frequency of articles concerning the rich buying “luxury bunkers” these days.

That being said, I spotted a piece over on The Atlantic website (slated for next month’s print edition) which I think might interest readers.

In “A Resort for the Apocaypse,” Ben Rowen wrote:

On July 25, 1961, President John F. Kennedy spoke to the American people of a need “new to our shores” for emergency preparedness, including fallout shelters. The bunkers of that era- Brutalist, cement, with foldout beds and stockpiled food- were designed to protect families in the event that the Cold War turned hot.

It never did, but fears of cataclysm- nuclear and otherwise- are back. So are shelters, with a twist. Growing numbers of “preppers” hope to ride out various doomsday scenarios in luxury

(Editor’s note: Bold added for emphasis)

Rowen brought up Rising S Company, “one of several companies that specialize in high-end shelters,” and which I just blogged about here. But he also pointed out “a handful of bunker companies are building entire survival communities in remote locations.” From the article:

One project, Vivos XPoint, involves refurbishing 575 munitions-storage bunkers in South Dakota; Vivos Europa One, in Germany, is a Soviet armory turned luxury community with a subterranean swimming pool.

By contrast, Trident Lakes 4, a 700-acre, $330 million development in Ector, Texas, an hour and a half north of Dallas, is being built from scratch…

Seriously, what is it with Texas and bunkers?

Rowen went on to write a good deal about the Trident Lakes project, being billed as a “5-star playground, equipped with DEFCON 1 preparedness.”

He also noted the following about the deep-pocketed clients of luxury underground survival shelters and communities:

Jeff Schlegelmilch, the deputy director of the National Center for Disaster Preparedness at Columbia University, told me that the luxury-bunker trend is “not just a couple of fringe groups; there is real money behind it- hundreds of millions of dollars.” But why are wealthy people buying?

Some customers appear to be motivated by old anxieties, recently revived- the threat of nuclear war, or a national-debt default that leads to unrest. Others have newer fears: climate change, pandemics, terrorism, far-left and far-right extremism. The presidential election has brought new faces into the fold, namely liberals (who also contributed to a record number of background checks- an indicator of gun purchases- on Black Friday)…

(Editor’s note: Bold added for emphasis)

Interesting. But are any of the survival communities mentioned potentially within the budget of the not-so-well-heeled? Well, Vivos xPoint, which is being billed as “the largest survival community on earth,” advertises this on their project web page:

Priced At Just $25,00 Per Bunker
No Per Person Charge

The biggest feature is the extremely low and affordable price. Each bunker is being privately and exclusively provided under:

A Bunker Lease for 99-years, with a one-time, upfront payment of just $25,000 per bunker;

coupled with,

A Ground Lease for 99-years, with an ongoing payment of just $1,000 per year

Your bunker will be your blank canvas to prepare as much, or as little as you like, with no restrictions on how many people will share it with you when the moment of truth (aka SHTF) arrives. So, you may bring as many friends and family as you like to accommodate in your private bunker, at NO EXTRA CHARGE!

If you shelter 10 people in your bunker, the effective cost is just $2,500 each. With 20 people, the cost is just $1,250 per person. Do the math, there is no lower cost shelter solution, anywhere


Vivos xPoint Promo Video

Watching that marketing video, Vivos isn’t kidding about that “blank canvas” bit.

Regular readers of Survival And Prosperity might remember The Vivos Group from a June 2013 post about the planned construction of “the world’s largest private underground survival shelter”- Vivos Survival Shelter & Resort- in an existing below-ground complex in Atchison, Kansas. Alas, the project was cancelled as “numerous concerns arose related to the geological stability and safety of the cave structure that we believe may compromise its ability to withstand the anticipated forces of future catastrophic or earth changing events.”

From the looks of things, that setback hasn’t stopped Vivos from charging ahead with new projects.

You can read “A Resort for the Apocalypse” here on The Atlantic website.

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

(Editor’s note: Posting of information about any product/property offerings is not to be construed as being a recommendation from this blog and its editor, unless specifically indicated. 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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Wednesday, February 8th, 2017 Debt Crisis, Defaults, Emergencies, Europe, Man-Made Disasters, Natural Disasters, Preparedness, Shelter, TEOTWAWKI, Terrorism, War, Wealth Comments Off on Rise Of The Survival Communities

Viva Las Vegas… Preppers

Late last night I read an interesting article published earlier in the day on the Las Vegas Sun website that focused on preppers/survivalists out in Southern Nevada. In “Prepping for Doomsday: The survivalism movement’s fine line between protection and paranoia,” Rob Miech drew from interviews with Mike Monko and Anthony Champion of Zombie Apocalypse Store, an anonymous employee of Lock N Load Tactical, “Max” at Mad Man Army Surplus, and his neighbor Bailey (“a former military sharpshooter”) to pen the following:

The king of all earthquakes topples the high-rises of Las Vegas Boulevard. A 2-billion-volt electromagnetic pulse (EMP) strike has zapped computers and cell towers. Some other black swan event has pulverized the city’s power grid. In any such cataclysm, a woman implored to Mike Monko, fallout shelters below certain Strip hotels would protect their rank and file.

They would be taken care of, she continued, in a subterranean world of 40,000-square-foot domiciles with massive food supplies fit for 20,000 people. In his Zombie Apocalypse Store, Monko struggled to keep his eyes from rolling. “She was arguing with me,” he said. “She insisted that they exist. I said, ‘God bless you, ma’am. Would you like some more water?’ Here, you hear it all, like, the Sunrise Mountains are hollow and people are living under them.”

They are survivalists, preppers or doomsday preppers, or any of various mutations. Some staunchly pigeonhole themselves; others dismiss definitions. Those who drive only older vehicles- whose pre-solid-state-electronics engines are immune to an EMP strike- belong in a distinct category of preparedness.

Such tales come with Monko’s territory, where fact, fiction and fear straddle fine lines between protection and paranoia. Hollywood inspired the business, which opened in 2011; sales have cooled over the past year. It’s a starting block to gauge what it means to be a survivalist today in Southern Nevada, amid such uncertainty about tomorrow

(Editor’s note: Bold added for emphasis)

There seemed to be that “preppers/survivalists are kooks” theme permeating the article. But to be fair, Miech is arguing there’s a “fine line between protection and paranoia,” so the use of “fringe” examples is to be expected. That being said, some notable passages from the piece included:

-A glimpse at how many preppers/survivalists there might be out in Las Vegas
-How the prepping/survival industry is doing these days in Southern Nevada
-“Liberal Preppers” on the Vegas scene
-And these bits:

As a group, according to Monko, they do not play well together. They lack communication skills, and when they do gather, their egos always clash. “It’s turmoil,” Monko said. They become even more solitary…

The owner of Lock N Load, which sells weapons and ammunition in the Henderson foothills, declined an interview request. One of her employees, who requested anonymity, recounted how an older woman, nearly teary-eyed and trembling, had recently approached him to buy her first handgun. Her post-Trump trauma was stark; the employee told me he talked her off the ledge. He convinced her not to buy something so dangerous in such a state…

Wow. You can read the article in its entirety over on the Las Vegas Sun website here.

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

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Tuesday, February 7th, 2017 Emergencies, Man-Made Disasters, Natural Disasters, Preparedness, Self-Defense, TEOTWAWKI Comments Off on Viva Las Vegas… Preppers

Treasury Department Issues Reminder About Debt Limit Deal Expiration

“They are going to be in a crisis within weeks. The debt ceiling was suspended arbitrarily until March 15. When it comes back into effect there will be $20 trillion of debt. And before they can do anything on all of this stimulus they’re talking about they’re going to have to raise the debt ceiling and where are the votes going to come from? It’s going to make 2011, if you remember the debt ceiling crisis in 2011, look like a Sunday school picnic. We’re in bad shape.”

-David Stockman, Director of the Office of Management and Budget under President Reagan, speaking on the FOX Business Channel on January 25, 2017

Last Wednesday, the U.S. Department of the Treasury issued the following reminder about the March 15 expiration of the debt limit deal reached two years ago. From a press release on their website:

The debt limit places a limitation on the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments. The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.

The Bipartisan Budget Act suspended the debt limit through March 15, 2017. If Congress fails to increase or further suspend the debt limit by March 15, Treasury can take certain extraordinary measures to continue to finance the government on a temporary basis.

Extraordinary measures will allow the government to continue to meet its obligations for a period of time after March 15. That said, it is impossible to provide a precise forecast as to how long the extraordinary measures will last. Treasury will provide greater clarity at a later date regarding how long extraordinary measures will allow Treasury to continue to borrow…

(Editor’s note: Bold added for emphasis)

So how is this setting up for the next couple of weeks?

According to MarketWatch’s Greg Robb on on February 1:

During the Obama administration, Republicans in Congress sought to use the debt limit vote to force spending cuts.

Treasury Secretary nominee Steven Mnuchin said he would like to see Congress act to raise the debt limit “sooner rather than later.”

But Trump’s choice to head the Office of Management and Budget, Mick Mulvaney, was a leader of the House Republican effort to use the debt limit vote as a lever to reign in spending…

(Editor’s note: Bold added for emphasis)

Stay tuned folks…

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

Source:

Robb, Greg. “Raising the debt ceiling is now Trump’s problem. MarketWatch. 1 Feb. 2017. (http://www.marketwatch.com/story/raising-the-debt-ceiling-is-now-trumps-problem-2017-02-01). 7 Feb. 2017.

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Tuesday, February 7th, 2017 Debt Crisis, Fiscal Policy, Government, Political Parties, Spending, Stimulus Comments Off on Treasury Department Issues Reminder About Debt Limit Deal Expiration

Peter Schiff Predicts Resumption Of Dollar Decline, Gold Rally This Week

It’s been a while, but Euro Pacific Capital CEO Peter Schiff added a new entry to The Schiff Report YouTube vlog on Saturday. Schiff, who correctly-called the housing bust and economic crisis last decade, talked about a number of subjects, including his belief that the Federal Reserve has no intention of raising rates in March, “a lot” of dollar selling is coming, and the gold rally will resume. From the video:

The reason the Fed didn’t give a clue that it might be raising rates in March, is because it has no intention of doing so…

I think the trade deficits are going up. I think the budget deficits are going up. Certainly to the extent that we get some tax cuts. We continue to get more government spending. If we get more government spending under Trump on the military, on the border, on infrastructure. Rising trade deficits. Rising budget deficits. Rising inflation. All of this is going to be a big negative for the dollar. And of course, everybody was so loaded up long the dollar, I think the people who own the dollar- there’s a lot of dollar selling that’s coming. And I think the dollar bulls are going to end up losing a lot of money…

Since the beginning of this year the Dow is barely up more than 1 percent. You can contrast that to the price of gold which is up 6 percent so far this year. Look at gold stocks. Gold stocks are up 17 percent as a group so far in 2017. 17 percent. Everybody’s talking about the Dow. No one’s talking about gold stocks. In fact, gold stocks were the number one performing sector last year, by far. Wasn’t even close. And they’re already by far the number one performing sector this year. But nobody really wants to talk about it…

I think we’re going to see a resumption of the dollar decline and gold rally next week…


“Rising Unemployment Is Just The Excuse The Fed’s Been Waiting For”
YouTube Video

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

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

Schiff’s latest book…

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Monday, February 6th, 2017 Commodities, Crash Prophets, Currencies, Federal Reserve, Fiscal Policy, Government, Inflation, Infrastructure, Investing, Military, Monetary Policy, Precious Metals, Spending, Stocks, Taxes, Trade Comments Off on Peter Schiff Predicts Resumption Of Dollar Decline, Gold Rally This Week

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

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

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

(Editor’s note: Bold added for emphasis)

Rogers added this warning later on in the exchange:

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

(Editor’s note: Bold added for emphasis)

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

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

(Editor’s note: Bold added for emphasis)

Greenback, then gold for Mr. Rogers.

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

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

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

(Editor’s note: Bold added for emphasis)

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

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

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

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Monday, February 6th, 2017 Asia, Bankruptcy, Bubbles, Commodities, Crash Prophets, Currencies, Government, Investing, North America, Precious Metals, Trade, War Comments Off on Jim Rogers: ‘Next Period Of Economic Turmoil Is Going To Be Worse Than What We’ve Seen In Our Lifetime’
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

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RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Next Degussa Numis Day To Take Place March 30, 31
    Rare numismatic coins often find their way into safe deposit boxes. And Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich […]
  • Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings
    Here’s an annual survey one might consider when selecting an offshore safe deposit box location. U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website: Switzerland is viewed as the No. 1 overall country, according to a survey of more than […]
  • Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine
    Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend: When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be […]
  • Economist Martin Armstrong Warns Of Storing Assets In U.S. Bank Safe Deposit Boxes
    We’re back after a short break. And to jump start the continued discussion about asset protection outside the United States, I’d like to point out a February 25 blog post by economist Martin Armstrong on his company’s website. Regular readers of Offshore Safe Deposit Boxes know that Armstrong brings up bank safe deposit boxes from […]
  • Related Reading: Harrods Safe Deposit Article On The Huffington Post Website
    While putting together the list of offshore private vaults offering safe deposit boxes/lockers for this blog’s sister site, I learned that two of the best-known department stores in the world- Harrods and Selfridges in London, England- provided this service. Yesterday, The Huffington Post website published a piece about Harrods Safe Deposit, which opened in 1896 […]