Euro

British Preppers’ Take On The June 23 ‘Brexit’ Vote

This afternoon I came across a piece about tomorrow’s “Brexit” vote (deciding whether Britain should leave/ remain in the European Union)- from the standpoint of British preppers- on the Preppers Shop UK Blog. From “The UK’s only dedicated prepping shop” on June 21:

How you should prepare for the EU referendum result.

Whichever side of the fence you sit on, it would be foolish to think that the result wont have a massive effect on everyone.

There are plenty of concerns if we stay in. European army, several new countries joining the EU, the crumbling euro, increased immigration putting strains on services and increased control over our laws from the EU.

If we vote out there will inevitably be a temporary drop in the economy and there is of course uncertainty over what will happen, after all its never been done before.

As preppers we should be considering how it could effect us…

The post went on to discuss the prospects for:

• “Social unrest.”
• “Job loss.”
• “Drop in the sterling.”
• “Food & fuel shortages.”

An insightful look at how America’s prepper cousins “across the pond” perceive Thursday’s historic event, which you can read in its entirety here.

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

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Jim Rogers: ‘We’re Certainly Going To Have Worse Times Than We’ve Had In Our Lifetime’

Let’s talk finance and investing for the remainder of the day. Well-known investor, author, and financial commentator Jim Rogers recently made an appearance on GoldSeek.com Radio, and in the April 1, 2016, broadcast, the former investing partner of George Soros talked about several topics including a coming U.S. financial crash, where he’s putting his money these days, and the prospect of another buying opportunity with gold. On a coming crash, from the exchange with host Chris Waltzek:

WALTZEK: You know you’ve mentioned that this could be the “last rally.” I put that in quotes and we’re seeing again signs of that. But these price-to-earnings ratios, the CAPE ratios, some of our individual stocks 300, 500-priced-to- earnings. I mean, they’re priced to perfection for eternity. Could this lead to maybe a 1929-style scenario, or are we in worse or more dangerous water?
ROGERS: Chris, we’re certainly going to have worse times than we’ve had in our lifetimes. How bad it is? I expect it to be, well to repeat, worse than anything we’ve had in our lifetime, because the debt is like nothing it’s ever been in recorded history. America is now the largest debtor nation in the history of the world. Higher and higher. But so does everybody else’s debt. So the next time around- yes, it’s going to be very, very disastrous. The only hope Chris is that somehow the world survives the next time around. Well we won’t survive the one after that, I assure you, because the debt will be so much higher, money printing will be so much worse. We’re going to live in very interesting times, which as you know, a Chinese curse to live in interesting times.

Regarding where the Singapore-based investor is putting his money:

WALTZEK: So give us an idea then where those funds of yours are headed and where you feel safe right now.
ROGERS: I own a lot of U.S. dollars, not because it’s going to be a horrible currency in the end, but with the bad times coming many people will put their money in what they consider safe assets or safe havens, and many people think the U.S. dollar is a safe haven. Compared to the rest of the world- yeah, it is a safe haven compared to the yen or the euro or other currencies. So I own U.S. dollars. I own Chinese renminbi. I own Chinese shares. I’m short in the U.S. I’m long agriculture. I bought recently some Russian government short-term bonds in rubles. I own some gold and silver which I have for years- I haven’t bought any recently. Some stocks that I’ve owned for twenty or thirty years- I don’t see any reason to sell them since I bought them so long ago. That’s basically, off the top of my head, where my investments are.

On the prospect of another buying opportunity in gold, Rogers said:

I’m not rushing in to buy. I still expect a better opportunity to buy gold sometime in the next two or three years. If that happens, I hope I’m smart enough to buy more. If it doesn’t happen, I own some gold, so I’ll make money. But I’m still waiting for my… another opportunity.

The CEO of Rogers Holdings and Beeland Interests, Inc. shared with listeners:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

“Be knowledgeable, be worried, and be prepared.” Wise words to digest.


“GSR interviews JIM ROGERS – March 31, 2016 Nugget”
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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Wednesday, April 6th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Debt Crisis, Depression, Emerging Markets, Europe, Government, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Jim Rogers: ‘We’re Certainly Going To Have Worse Times Than We’ve Had In Our Lifetime’

Must-Read Marc Faber Interview

Regular readers of Survival And Prosperity know on Sundays I try and blog about the latest investment activities/recommendations of the “crash prophets”- Marc Faber, Jeremy Grantham, Jim Rogers, and Peter Schiff. This week, three of the “prophets” are sounding off. First up is Marc Faber. An interview of the Swiss-born investment advisor/money manager was published Friday on the website of MarcoPolis, a Paris-based international online publishing company. Johnnes Maierhofer and Peter Matay conducted one of the most comprehensive interviews of Dr. Faber I’ve ever come across, writing on MarcoPolis.net:

In this exclusive interview with Marcopolis.net Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in commodity prices.

On the bright side, he sees great economic potential in Vietnam. Also, the Iraqi stock market has good potential now that a deal with Iran has been reached. While mining stocks are extremely depressed we might see defaults before any meaningful recovery…

Followers of Faber know he’s been a gold bull for years now. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report said this about the precious metal (and other investments of his) during the exchange:

I own gold and it doesn’t worry me that it went down because as I mentioned to you I have this diversification, the bonds in US dollars and the cash in US dollars has been a good investment essentially over the last twelve months. Then I own equities and I own properties in Asia that have been reasonably good investments so the fact that gold is going down doesn’t worry me and I buy every month a little bit but I think on this weakness I will increase the position substantially because I had maybe say 25% in gold but because equities and properties went up, the dollar went up and gold went down, the allocation to gold is no longer 25% but maybe only 10 or 15%.

So then I have to stock it up again. But I would say an individual should definitely own some physical gold…

“Doctor Doom” believes gold confiscation is a possibility, and added later in the discussion:

I think they will take the gold away and go back to some gold standard by revaluing the gold say from now 1000 dollars an oz. to say 10,000 dollars an oz…

A “must-read” interview for Faber followers, which you can access in its entirety on MarcoPolis.net 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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Sunday, August 9th, 2015 Asia, Banking, Bonds, Commodities, Crash Prophets, Currencies, Europe, Inflation, Investing, Middle East, Monetary Policy, Money Supply, Precious Metals, Recession, Stocks Comments Off on Must-Read Marc Faber Interview

Marc Faber Doubts Fed Rate Hike In 2015, Buys Crude Oil Stocks

Swiss-born investment advisor/money manager Marc Faber was recently interviewed by Latha Venkatesh and Sonia Shenoy at CNBC-TV18 (India). The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked about a number of financial/investing topics- including a potential rate hike soon by the Federal Reserve. From a transcript of the discussion published on the Moneycontrol.com website on April 13:

Sonia: So, you are not expecting a rate hike from the US Fed this year?

A: What I said is in my view the Fed will not increase rates this year unless there is really a very sharp pick up in the economy or there is a colossal pot-hole developing in stocks. But otherwise I doubt it because the dollar has been strong. Okay, it may weaken somewhat, but I do not think it will collapse against the euro and against the yen and the British pound and so forth. So, the dollar is relatively strong. The economy in the US, the latest say, ten indicators that came out were all on the weak side. And under these conditions I doubt the Fed will increase rates. But that is an academic debate. What is important is I think the Feds and other Western Central Bankers will keep interest rates at a very low level for a very long time and will try to keep interest rates in real terms negative. In other words below the rates of cost of living increases.

(Editor’s note: Bold added for emphasis)

Dr. Faber shares the belief of fellow “crash prophet” Peter Schiff concerning an increase in the federal funds rate in the near future. However, Schiff has added that if the U.S. central bank does raise interest rates anytime soon, it will be miniscule.

Faber, who correctly forecast the rise of commodities, emerging markets, and China last decade, shares something else with a different “prophet.” From the transcript:

Latha: Yes, I note your exasperation. Therefore let me come to another asset class: commodities. Do you think they have bottomed or is it that there would be a long trough for this asset class?

A: We have to distinguish because the price of oil has very little to do with the price of orange juice or coffee. So each commodity has its own price dynamics driven by global production and global demand. Now industrial commodities have performed miserably along with emerging markets over the last couple of years because the demand was slowing down especially from China. So, you have prices of iron ore and steel and copper and oil that have collapsed. I happen to think that at this level a lot of commodities are reasonably priced, does not mean they will go up right away. But they come now into a buying rate and I have been buying some oil stocks recently.

(Editor’s note: Bold added for emphasis)

Last Sunday, I noted Yale economics professor Robert Shiller, who spotted the U.S. housing bubble last decade and the dot-com bubble a few years earlier, had purchased a crude oil ETF.

You can read the transcript of the entire exchange between Dr. Faber and CNBC-TV18 on Moneycontrol.com 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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Thursday, April 16th, 2015 Asia, Banking, Commodities, Crash Prophets, Currencies, Emerging Markets, Energy, Exchange-Traded Funds, Federal Reserve, Industrial Metals, Interest Rates, Investing, Monetary Policy, Stocks Comments Off on Marc Faber Doubts Fed Rate Hike In 2015, Buys Crude Oil Stocks

Lord Rothschild Warns ‘Geopolitical Situation Perhaps As Dangerous As Any We Have Faced Since World War II’

Jacob Rothschild, or 4th Baron Rothschild Bt, OM, GBE, FBA, as he’s known across “the pond,” has issued a warning to investors in RIT Capital Partners, an investment trust chaired by the 78-year-old banker. Lord Rothschild wrote in the £2.3 billion trust’s 2014 annual report (Report & Accounts for the year ended 31 December 2014) under “Chairman’s Statement”:

Our policy has been clearly expressed over the years. Simply put, it is to deliver long-term capital growth while preserving shareholders’ capital; the realization of this policy comes at a time of heightened risk, complexity and uncertainty. The economic and geopolitical environment therefore becomes increasingly difficult to predict.

The world economy grew at a disappointing and uneven rate in 2014 after six years of monetary stimulus and extraordinarily low interest rates. Stock market valuations however, are near an all-time high with equities benefiting from quantitative easing. Not surprisingly, the value of paper money has been debased as countries have sought to compete and generate growth by lowering the value of their currencies – the Euro and the Yen depreciated by over 12% against the US Dollar during the course of the year and Sterling by 5.9%. The unintended consequences of monetary experiments on such a scale are impossible to predict.

In addition to this difficult economic background, we are confronted by a geopolitical situation perhaps as dangerous as any we have faced since World War II: chaos and extremism in the Middle East, Russian aggression and expansion, and a weakened Europe threatened by horrendous unemployment, in no small measure caused by a failure to tackle structural reforms in many of the countries which form part of the European Union.

However, in a world of zero or even negative bond yields, equities may well remain the destination of choice for investors. Furthermore, the majority of companies are reporting profits exceeding forecasts together with steady earnings growth. In Europe, the combination of a more competitive Euro, an aggressive programme of quantitative easing and the yields available on equities, may well lead to even higher valuations…

(Editor’s note: Bold added for emphasis)

In 2012, it was reported the elder member of the Rothschild banking family took a $200 million position against the euro.

You can read the entire report on RIT Capital Partners website here (.pdf format).

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

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Wednesday, March 4th, 2015 Bonds, Business, Currencies, Employment, Europe, Interest Rates, Investing, Middle East, Monetary Policy, Religion, Stimulus, Stocks, War Comments Off on Lord Rothschild Warns ‘Geopolitical Situation Perhaps As Dangerous As Any We Have Faced Since World War II’

GoldSilver.com’s Mike Maloney: Potential Fallout From Unpegging Swiss Franc From Euro

Regular Survival And Prosperity readers may recall that GoldSilver.com used to be an affiliate marketing partner of the blog. Great company (specializes in the instruction of precious metals investing and providing world-class gold and silver dealer services and products), but they pulled the plug on their affiliate marketing program not too long ago. Anyway, I still receive e-mails from the Santa Monica, California-based operation, and yesterday I watched a video by Mike Maloney, the precious metals expert, advisor, and author who heads up the firm. Maloney has been an advisor to Robert Kiyosaki of Rich Dad Poor Dad-fame, and even wrote a book about investing in gold and silver under the Rich Dad’s Advisors series.

Anyway, in that GoldSilver.com video Mike Maloney discussed the potential ramifications of the Swiss franc being unpegged from the euro last week- among other things. Maloney warned viewers:

Back when we were filming Hidden Secrets of Money, when we started filming it, we did the opening sequence. And in there I said, “We’re entering a period of financial crisis that is the greatest the world has ever seen.” And that is happening today. These shockwaves that could cause the Russian- this could cause another Russian Revolution to happen. We have no idea what’s going to happen. But the shockwave of all these things- the deflationary pressure, the Russian crisis that’s going on, commodities falling, and then the Swiss unpegging from the euro- all happening at once. And by the way, there’s bank runs happening right now in Greece, and four of the largest banks in Greece have asked for assistance from the European Central Bank. So, this is all happening at once. What I think is going to happen is this will smooth out for a short period of time, but then it’s going to get worse again. So these shockwaves, this all undermines the trust in central banks and the trust in fiat currencies…

The central banks are now backed into a corner, and everything that I’ve been predicting is starting to unfold here. It’s unfolding very slowly, and on a scale that’s huge. But it’s not going to be slow forever. There’s going to come a day when slow turns into very fast. And a lot of this stuff happens overnight. For instance, the currency unpeg. Nobody knew it was coming- it happened immediately. And so, these things always end up eventually being good for precious metals. I don’t look forward to the economic chaos that we’re about to go through. But, we’ll get through it, and it will be a different world when we come through the other end. Hopefully, what ends up happening, is free enterprise, free markets, capitalism, and sound money win. That would be the best outcome.


“Global Shockwaves To Come From Swiss Currency Bombshell – Mike Maloney.”
YouTube Video

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

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Wednesday, January 21st, 2015 Bailouts, Banking, Capitalism, Commodities, Currencies, Deflation, Europe, Investing, Precious Metals Comments Off on GoldSilver.com’s Mike Maloney: Potential Fallout From Unpegging Swiss Franc From Euro

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

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

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

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

-Associated Press, January 16, 2015

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

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

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

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


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

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

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

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

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

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Sunday, January 18th, 2015 Asia, Banking, Commodities, Crash Prophets, Currencies, Europe, Federal Reserve, Investing, Monetary Policy, Recovery, Stimulus Comments Off on Peter Schiff: China, Other U.S. Creditors Could Emulate Switzerland, Implode America When Fed Attempts QE4

Gabe Suarez: ‘Today, Every Man Is A Counter Terrorist’

Because I’m busy compiling new “Resources Of The Week” for 2015, there’s won’t be a post from that series tonight.

But I also wanted to share with Survival And Prosperity readers before the week was out something I read earlier this evening on the Facebook page of The Suarez Group (“a multi-national corporation involved the study and application of high end weapons, and leading edge tactics, for students of the art of personal combat”).

I first mentioned Gabe Suarez, head of The Suarez Group and a decorated veteran of Southern California law enforcement, on this blog back in my April 28, 2011, post entitled, “The Next Mumbai-Style Terrorist Attack.” I wrote back then:

If an American Mumbai occurs, I’m guessing it will go down in a high-profile, internationally-known city whose residents/workers are likely to be unarmed and incapable of defending themselves against rampaging terrorists with automatic weapons- like my hometown of Chicago.

Still, it doesn’t hurt for Americans outside of the “Windy City” to prepare for such an event. 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.

No holds barred, right? Anyway, Suarez wrote the following yesterday concerning tactical matters related to the terrorism in France:

Today,

EVERY MAN IS A COUNTER TERRORIST

So consider the following – if you can, be armed always. Yes…I know. But consider the implications. Of the ten dead civilians in France, how many would have willingly disobeyed unconscionable laws in order to stay alive? If it is difficult, learn to conceal the weapon better. At the very least have a knife with which to stab a terrorist to death.

And stabbing a man to death is an exercise in extreme violence. It is not some strip mall karate school exercise done with high school kids to get in shape. It is violent and sudden and what the body does in its final moments will shock you…maybe, if you haven’t gotten your mind right about such matters.

If you look like the King Of Comedy rather than the King Of the Cage, put down the f*cking remote and get your ass in fighting shape. The terrorist coming to kill you has taken his fitness seriously…do you think he is kidding?

If you are armed your life is easier. Resist the temptation to leave the real sized fighting gun at home and go forth with some “civilian friendly metro sexual” pistol. Anyone can carry a full sized fighting pistol with a little fore thought and care in dressing for the weapon.

Consider that a terrorist event like what we saw in France is not the same as a CCW self defense encounter with concerns over legality, disparity of force, or liability. The moment that it is a terrorist event, all other concerns are non-issues. And a man or men with masks and rifles classifies as that.

Learn to shoot accurately at distance. There were guys photographing and videotaping the assassination of the French police officer. A good practiced hand with a proper pistol might have killed one or both of those terrorists at the distance.

There will be no warnings, no posting and challenging, only recognition of threat and escalation of violence…or as I term it, “getting ahead” of the fight by shooting. Learn to shoot faces and necks at room distances. Yes, there is a chance you will be killed by the terrorist…but you will be killed anyway.

And how do you want to look for the Crime Scene photos?

Under a desk hiding with a terrified look on your face and a back full of 7.62×39 rounds, or a smiling corpse on a mountain of brass and dead terrorists? I pray if I am given that choice I will be the guy in the second image. But….but, you might not be either one. You might survive and win if you are decisive enough, accurate enough, and violent enough.

Let us all be those things.

“A smiling corpse on a mountain of brass and dead terrorists”

Classic Suarez. And several points I, for one, will be left thinking about this weekend.

You can read the entire Facebook post on The Suarez Group’s page here.

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

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Friday, January 9th, 2015 Ammunition, Asia, Europe, Firearms, Health, Knives, Main Street, Mainstream Media, Middle East, Preparedness, Public Safety, Religion, Self-Defense, Terrorism, Training, War Comments Off on Gabe Suarez: ‘Today, Every Man Is A Counter Terrorist’

Nouriel Roubini: ‘Mother Of All Asset Bubbles’ To Pop In 2016

One of the original “crash prophets” of the 2008 global economic crisis is now sounding the alarm over what he sees in 2016.

I first mentioned Nouriel Roubini, a former Treasury official under the Clinton administration, a professor of economics at NYU, and chairman of Roubini Global Economics, in my old blog Boom2Bust.com several years ago. Roubini correctly-predicted the financial crisis, but “Dr. Doom”- as the financial media likes to call him- had become more optimistic this year. On May 14, 2014, he “debated” fellow “prophet” Peter Schiff on CNBC’s Fast Money, saying:

We’re printing a lot of money but it’s not creating credit. It’s not creating inflation. And if we had not done this policy, this Great Recession would have become a Great Depression. So, inflation is going to stay low. Gold prices are going to fall. And I don’t believe that the dollar’s going to collapse. Actually, I believe the dollar’s going to become stronger in the next few years- just the opposite of what Peter thinks.

But these days, Dr. Roubini is starting to sound gloomy again. Last week, I happened to come across a Yahoo! Finance interview with Roubini from earlier this month. From an exchange with editor-in-chief Aaron Task:

TASK: Nouriel Roubini is often referred to as “Dr. Doom”- affectionately of course- but the NYU professor and chairman of Roubini Global Economics is not always downbeat. He prefers “Dr. Realist,” and in February 2013 Roubini told Yahoo! Finance and this reporter that, “The mother of all asset bubbles had begun, and would eventually be bigger than the 2003-2006 bubble.” Since that time the S&P 500 is up about 40 percent, so Nouriel, that was a great call if you were long, and bubbles are great if you’re long and you get out in time. Where do you see- what inning, if we use the baseball analogy, are we in in this bubble from your point of view?
ROUBINI: We’re in middle-later innings. Next year we’ll have economic growth. We’re still easy money. I think that this frothiness that we’ve seen in these financial markets is likely to continue- from equities to credit to housing. And in a couple of years, most likely, this asset inflation is going to become asset frothiness. And eventually, an asset and a credit bubble. And eventually, any booming bubble ends up a bust and a crash. I don’t expect that happening next year, but I would say that valuations in many markets- whether its government bonds or credit or real estate or some equity markets- are already stretched. They’re going to become more stretched as the real economy justifies a slow exit, and all this liquidity is going into more asset inflation. And so, two years down the line for them to shake out, but not before then.
TASK: A couple of years down the line, okay.
ROUBINI: Yeah. 2016 I would say.

(Editor’s note: Bold added for emphasis)


“Roubini: U.S. equities will be strong until 2016”
Yahoo! Finance Video

Dr. Roubini gave this advice to investors:

At this point, I would be neutral or underweight U.S. equities compared to other markets.

As for “best bets” in 2015, he told viewers:

Several I would say. I would say, dollar strength relative to the euro, relative to the yen, relative to the commodity currencies, relative to fragile emerging markets. And a bet on commodities further another leg down, certainly industrial metals like copper and others linked to China. Those will be two of the stories for 2015.

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

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Sunday, December 28th, 2014 Asia, Bonds, Bubbles, Commodities, Crash Prophets, Credit, Currencies, Depression, Emerging Markets, Housing, Industrial Metals, Inflation, Investing, Monetary Policy, Money Supply, Precious Metals, Recession, Stocks Comments Off on Nouriel Roubini: ‘Mother Of All Asset Bubbles’ To Pop In 2016

Gold Up 11 Percent Last Quarter, Biggest Gain In More Than 2 Years

For several years now, gold’s naysayers have predicted on numerous mainstream financial and investing websites that the precious metal was headed for a lasting beat-down.

Their claims grew louder starting in the middle of the last decade.

Notwithstanding the traditional violent corrections associated with the yellow metal, the gold price kept going higher.

As it did in the third quarter of this year.

Frank Tang reported on the Reuters website Friday afternoon:

Gold eased on Friday, but the metal posted its biggest quarterly gain in more than two years as market stimulus and easy monetary policies by central banks around the world boosted bullion’s inflation-hedge appeal.

The metal is within reach of its 2012 high, while open interest for U.S. gold futures surged to a one-year high on heavy buying related to fund positioning before the quarter end.

Gold priced in euro terms hit a record for a second straight day, highlighting the currency’s weakness and bullion’s safe-haven status among Europeans in times of economic uncertainty…

Gold still climbed around 11 percent this quarter, its best quarterly gain since the second quarter of 2010. September’s gain of almost 5 percent also extended its monthly rise to a four consecutive month.

Tang noted that other precious metals also had a good third quarter, with spot silver up around 25 percent to $34.37 an ounce, spot palladium up around 9 percent to $634.40 an ounce, and spot platinum up around 15 percent these past three months, to $1,659.24 an ounce.

On the topic of silver, the Wall Street Journal noted earlier this week that global banking group BNP Paribas is forecasting an average silver price of $32.75 an ounce for 2012 and $41.45 for 2013.

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Tang, Frank. “Gold posts biggest quarterly gain in over two years.” Reuters. 28 Sep. 2012. (http://www.reuters.com/article/2012/09/28/us-markets-precious-idUSBRE88Q0J320120928). 29 Sep. 2012.

Clarke, Laura. “Silver Appears Set to Continue Its Upward Move.” Wall Street Journal. 26 Sep. 2012. (http://online.wsj.com/article/SB10000872396390443916104578019703001560168.html?mod=googlenews_wsj). 29 Sep. 2012.

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Saturday, September 29th, 2012 Banking, Commodities, Currencies, Industrial Metals, Investing, Monetary Policy, Precious Metals, Stimulus Comments Off on Gold Up 11 Percent Last Quarter, Biggest Gain In More Than 2 Years
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