healthcare

Illinois State Rifle Association: ‘Good Riddance’ Barack Obama

A January 20 press release from the Illinois State Rifle Association (“dedicated to education, safety training and support of Illinois firearm owners”) is making the rounds on the Internet. Executive Director Richard Pearson penned:

ISRA: Goodbye Barack… Hello Donald

“About eight years ago, I penned a letter to gun owners nationwide about my experiences lobbying Barack Obama when he was an Illinois State Senator. Among the adjectives, I used to describe Senator Obama were arrogant, rude, self-righteous, indignant and aloof. I warned gun owners that an Obama presidency would cast the darkest of days upon supporters of our Second Amendment. I advised gun owners that the only hope for preserving gun rights would be a sustained pushback against Obama’s attempts to obliterate civilian firearm ownership.

There was never any doubt in my mind that Obama would seek to crush the Second Amendment. Obama entered office with the very firm intention of satisfying the globalist ideal of knocking America down a couple of pegs. Thus, in no time at all, President Obama attacked two great American icons – General Motors and our superlative health care system. Next on his plate was an assault on the uniquely American sense of rugged individualism. As we all know, self-reliance is predicated upon the existence of the Second Amendment. Plain and simple – without a Second Amendment, individualism is just a fantasy. Yes, early in his tenure, Barack Obama was achieving his objective of making America more like the rest of the world rather than encouraging the rest of the world to be more like us.

When Obama charged headlong into the gun control fray, he was met with stubborn and determined opposition from everyday gun owners. We fought him in Congress. We fought him in the federal courts. We fought him in the court of public opinion. In the end, the good guys won and the promise of a nation-wide version of Chicago-style gun control faded into irrelevance. For that, gun owners owe themselves a hearty pat on the back.

Now enters Donald Trump- President Donald Trump. Trump has made a lot of promises to gun owners and I hope he keeps them. Copious promises notwithstanding, the nation’s gun owners must remain mobilized and prepared to fight the gun control movement whether the battle is at the national, state, or local level. The fight for gun rights is not over and will never be over.

In closing, I’d like to bid Barack Obama “good riddance,” and wish President Trump well in the monumental job he is about to undertake.”

The ISRA is the state’s leading advocate of safe, lawful and responsible firearms ownership. For more than a century, the ISRA has represented the interests of millions of law-abiding Illinois firearm owners.

For more information about the Illinois State Rifle Association, head on over to their website here.

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

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Wednesday, January 25th, 2017 Firearms, Government, Gun Rights, Health, Hunting, Legal, Political Parties, Self-Defense, Shooting Sports Comments Off on Illinois State Rifle Association: ‘Good Riddance’ Barack Obama

Inflation Rises At Fastest Pace In 5 Years

It’s been some time since a Survival And Prosperity post focused on inflation.

I suspect I’ll be blogging about it more in the coming months.

Jeffry Bartash wrote on MarketWatch this morning:

Inflation rose in 2016 at the fastest pace in five years, as rising rents and medical care and higher gas prices put a squeeze on consumers.

The consumer price index jumped 0.3% in December, the government said Wednesday…

A string of sharp gains since late summer helped drive up inflation by 2.1% for the full year, marking the biggest increase since a 3% gain in 2011

(Editor’s note: Bold added for emphasis)

Bartash added:

For now it doesn’t look like inflation will wane soon. Gas prices rose again in January and many economists predict that aggressive stimulative measures by the new Trump administration could lead to even higher inflation

(Editor’s note: Bold added for emphasis)

Jeffrey Sparshott added over on The Wall Street Journal website late this afternoon:

The latest figures- driven in part by an uptick in energy prices- suggest a four-year stretch of historically low inflation could be ending

While details remain uncertain, the president-elect has pledge lower taxes and more infrastructure spending. That could lead to faster economic growth and accelerating inflation

(Editor’s note: Bold added for emphasis)

As to what this might mean for interest rates, Fed Chair Janet Yellen spoke to the Commonwealth Club of California this afternoon. Ann Saphir reported on the Retuers website:

With the U.S. economy close to full employment and inflation headed toward the Federal Reserve’s 2 percent goal, it “makes sense” for the U.S. central bank to gradually lift interest rates, Fed Chair Janet Yellen said on Wednesday…

The Fed chief said that she and other Fed policymakers expected the central bank to lift its key benchmark short-term rate “a few times a year” through 2019, putting it near the long-term sustainable rate of 3 percent

(Editor’s note: Bold added for emphasis)

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

Sources:

Bartash, Jeffry. “Inflation climbs at fastest pace in 5 years, CPI shows.” MarketWatch. 18 Jan. 2017. (http://www.marketwatch.com/story/inflation-climbs-in-2016-at-fastest-pace-in-5-years-cpi-shows-2017-01-18). 18 Jan. 2017.

Sparshott, Jeffrey. “U.S. Inflation Gauge Tops 2%, Supporting Fed’s Plan to Raise Rates.” The Wall Street Journal. 18 Jan. 2017. (http://www.wsj.com/articles/u-s-consumer-prices-up-2-1-in-december-from-year-earlier-1484746534). 18 Jan. 2017.

Saphir, Ann. “Fed’s Yellen says ‘make sense’ to gradually raise interest rates.” Reuters. 18 Jan. 2017. (http://www.reuters.com/article/us-usa-fed-yellen-idUSKBN1522VH). 18 Jan. 2017.

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Wednesday, January 18th, 2017 Commodities, Employment, Energy, Federal Reserve, Government, Health, Housing, Inflation, Infrastructure, Interest Rates, Monetary Policy, Stimulus, Taxes Comments Off on Inflation Rises At Fastest Pace In 5 Years

Fox News’ Sean Hannity Lays Out Closing Argument For Election Day

“In my mind, tomorrow is an important day. The answer couldn’t be more clear. So if you’re in a swing state. If you’re in Florida. If you’re in Ohio. If you’re in Iowa, Pennsylvania, Wisconsin, Minnesota, Michigan, Colorado, New Mexico, Nevada. If you’re in Maine’s second congressional district. North Carolina. We need you. It’s up to you. You can decide tomorrow to save America from the declining state it is in and stop this downward spiral. That’s what this election is about. Tomorrow night, if Hillary Clinton is elected, those who didn’t support Donald Trump, voted for Hillary, or NeverTrumper, I’m telling you right now. You own her Supreme Court. You own her unvetted refugees. You own her tax increases. You own her open borders. You own ObamaCare. And you own her ‘energy independence.’ You will own it.”

-Sean Hannity, American radio/TV show host, author, and conservative political commentator, on the Fox News TV show Hannity Monday night


“Sean Hannity: If Hillary wins, you own it”
YouTube Video

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

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Tuesday, November 8th, 2016 Energy, Government, Health, Immigration, Legal, Political Parties, Taxes Comments Off on Fox News’ Sean Hannity Lays Out Closing Argument For Election Day

City Of Chicago’s Total Unfunded Liabilities Grew To Nearly $24 Billion In 2015

It’s been a while since I last blogged about the Illinois Policy Institute, a Chicago-based non-partisan research organization “generating public policy solutions aimed at promoting personal freedom and prosperity in Illinois.” Yet earlier this week, Ted Dabrowski and John Klingner published a sobering piece on the Institute’s website about Chicago’s mounting financial woes that just needs to be disseminated. From their article:

Chicago property owners concerned about their future property-tax bills have had plenty to worry about over the past year- but a new report on the city’s crumbling finances has all but ensured that property-tax hikes will continue to be a painful reality for local homeowners.

The city already passed a $700 million hike in October 2015 to help plug the hole in police and firefighter pensions, and the city is expected to raise property taxes by another $250 million to fund ailing Chicago Public Schools, or CPS, pensions. And with billions more in other health care and pension shortfalls still unfunded, more hikes are on the way.

But the newest debt numbers in the city’s 2015 Comprehensive Annual Financial Report, or CAFR, show that without massive pension reforms, the city’s tax hikes are just beginning. The report found that the total city debt Chicagoans are on the hook for has more than tripled since 2014.

Chicago’s total unfunded liabilities have jumped by over $17 billion, growing to nearly $24 billion in 2015 from $6.5 billion in 2014. The increase is mostly due to new accounting standards and the fact that in March the Illinois Supreme Court struck down the city’s recent attempt to reform its broken municipal-workers and laborers pension funds.

Add to that their share of sister-government and Cook County pension and health care costs and long-term debt, and Chicagoans are on the hook for over $65 billion

(Editor’s note: Bold added for emphasis)

Disturbing stuff. But that’s reality for you.

You know, last week I read an “interesting” anonymous comment on the popular Chicago police blog Second City Cop. From the July 7 post entitled “And There it is….”:

Millennials as they are called are falling over themselves to move here. Look at Ukrainian village, Buck town south loop West loop, Lincoln Park. The city is becoming gentrified. Major companies are moving their headquarters here. City is on the upswing like it or not.

“City is on the upswing like it or not.”

Never mind its financial cancer that’s bound to metastasize in due time…

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

Sources:

Dabrowski, Ted and Klingner, John. “Chicago’s Total Debt More Than Triples To Over $24B In 2015.” Illinois Policy Institute. 11 July 2016. (https://www.illinoispolicy.org/chicagos-total-debt-more-than-triples-to-over-24b-in-2015/). 14 July 2016.

SCC. “And There it is…” Second City Cop. 7 July 2016. (https://www.illinoispolicy.org/chicagos-total-debt-more-than-triples-to-over-24b-in-2015/). 14 July 2016.

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Thursday, July 14th, 2016 Debt Crisis, Education, Entitlements, Fiscal Policy, Government, Health, Housing, Legal, Public Safety, Taxes Comments Off on City Of Chicago’s Total Unfunded Liabilities Grew To Nearly $24 Billion In 2015

Peter Schiff: Obama, Federal Reserve, Government Have Failed As ‘This Economy Is A Disaster’

Economist, financial broker/dealer, and author Peter Schiff appeared on the Alex Jones Show last Friday. Schiff, who correctly-called last decade’s housing crash and recent global economic crisis, discussed a number of subjects with Jones, including Puerto’s Rico’s recent default/economic crisis and “modest” U.S. inflation numbers. The “crash prophet” said of the U.S. territory:

It’s never a problem until it is. So Puerto Rico is broke, but now it’s a problem because the creditors figured out that they’re broke. Well America is more broke than Puerto Rico. That’s a fact. It’s just that our creditors haven’t figured it out yet. But when they do, then Donald Trump is going to end up being right, because all we can do is default. And if we don’t default, if we print money- which now Trump is saying, “Oh, we don’t have to default because we can print.” Well printing is worse than default, because printing doesn’t just wipe out the bondholders, it wipes out anybody who hold U.S. dollars.

When asked by Alex Jones where all the inflation is being hidden, the CEO of Euro Pacific Capital pointed out:

It’s actually hiding in plain sight because, because first of all, the inflation is all the money printing. That’s the definition. The consequence of inflation is that prices go up. But look, stock prices went way up. Real estate prices went back up. Rare art went back up. Collectible cars went back up. I mean, asset prices have gone up like crazy- that is inflation. And, of course, anybody who lives in America knows that the prices are going up. Look, rents are up about 8 percent year-over-year. Look how much health care costs have gone up. Utilities are going up. Look at the price of food. Have you bought a steak recently at a supermarket? Prices are going up. It’s just that the government is not doing an accurate job of reporting, and that is by design…. The standard of living is going down. Americans are working two or three jobs a piece. And they can barely make ends meet. You know, this economy is a disaster. And everyone wants to pretend that it’s great, because no one wants to admit that Obama is a complete failure, that the Federal Reserve was a complete failure, that everything that government has done has failed.


“Venezuela Is America’s Socialist Future”
YouTube Video

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

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

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Tuesday, May 24th, 2016 Crash Prophets, Currencies, Debt Crisis, Defaults, Employment, Federal Reserve, Fiscal Policy, Food, Government, Health, Inflation, Main Street, Monetary Policy, Money Supply, Stocks, Utilities Comments Off on Peter Schiff: Obama, Federal Reserve, Government Have Failed As ‘This Economy Is A Disaster’

Project Prepper, Part 41: 2016 Status Report

Last week in the “Project Prepper” series of posts I recapped what the series is all about for those who didn’t already know.

Today, I’m going to talk about where the project stands a little over three years in the works.

Originally, I decided my preparedness education and activities would focus on a prioritized list of six “innate survival needs” (hat-tip Jack Spirko @ The Survival Podcast). That included:

1. Security
2. Water
3. Food
4. Shelter
5. Sanitation and Health
6. Energy

In May 2015, I split up “Security” into “Physical Security” and “Financial Security” (following Spirko’s lead). The revised list now looks like this:

1. Physical Security
2. Financial Security
3. Water
4. Food
5. Sanitation and Health
6. Energy
7. Shelter

After its adoption I blogged on May 20, 2015:

“Physical Security” is still priority number one because I predict the push for more gun “control” will continue while crime simultaneously gets worse. “Financial Security” breaks into the list at number two because the most likely disaster I see on the horizon is an economic one. “Shelter” now brings up the rear as I’ve completed that move from my Chicago apartment to a house in the suburbs (plus there’s my family’s place in Wisconsin where I spend time).

In my last “status report” (December 10, 2014), I wrote:

Decent strides have been made in the area of security… Physical security on the exterior/interior of the new house has been improved, particularly with landscaping, lighting, and locks. Personal safety gear, supplies, and tools have been acquired, with training having commenced a few years back.

Concerning water, the foundation for an emergency water supply is now in place. While utilizing some water storage containers I had prior to this project, I’ve acquired additional containers. To maintain the quality of the water for an extended period of time, I purchased aerobic stabilized oxygen. I’ve also kept a couple of cases of bottled drinking water on hand, along with an emergency water containment system that holds up to 100 gallons of fresh water in a bathtub standing by in the wings. At present, my girlfriend and I have close to a week-and-a-half supply of emergency water each (based on federal government guidelines of one gallon per person per day). Even though this is significantly more than Uncle Sam’s 72-hour recommendation, I’m not comfortable with this amount.

Concerning food, the foundation for an emergency food supply is also in place. Taking advantage of price drops and gift cards, my girlfriend and I scored a relatively-inexpensive 1-week supply of high-quality freeze-dried meals each. Like with the water though, I’d like to increase that amount commensurate with the potential emergencies I’ve identified.

Concerning shelter, purchasing that house last spring was a pretty big “prep.” And it was certainly an improvement over the multi-family housing arrangement where my girlfriend and I used to live. As much as I love the city of Chicago and would have liked to stay in our northwest side neighborhood, my girlfriend and I are much better off here in a close-by suburb, all things considered.

Concerning sanitation/health, not much work has been done in this area yet. As health is concerned, I’ve acquired a good deal of basic first aid supplies and instructional material in the last couple of years. But it’s been too long since I’ve had any training in this area. It’s one of my goals in 2015 to complete an American Red Cross First Aid/CPR/AED class and build a comprehensive first aid kit- as well as having the knowledge/skills to use it. In addition, while working around the house has been good for the body, I really need to improve my physical fitness. Not only will it help me cope with the difficult times I see coming down the pipeline, but hopefully it will keep me from having to rely on our floundering health care system as much as possible.

On sanitation, an unforeseen (and somewhat costly) improvement was carried out late last year on our sewer line going from the house. I’ll spare readers the details, but a new cleanout was added on the front of the home, and with it, a check valve. Should the city’s sewer system fail for any reason (extended power grid failure?), the valve should prevent sewage from backing up into our house and through the toilets. At least, that’s how I understand it should work. When it comes to people having to “go to the bathroom” in an extended grid-down scenario and dealing with the waste, I’m already researching a number of possible solutions.

Finally, as energy is concerned, for short-term blackouts I’ve been looking at portable generators to use at first until my girlfriend and I can afford a standby generator that can be hooked up to the natural gas line coming into the house. I’m also exploring if we can’t utilize renewable sources of energy somehow. I really hope so, because it’s probably what we’ll be forced to turn to in a long-term grid-down situation. That being said, we are limited by what we can use due to our location in a major metropolitan area.

So that’s where I stand with “Project Prepper” as 2014 draws to a close. Decent progress has been made in tackling those “innate survival needs,” but there’s still a lot more work that needs to be done. Hopefully, time and money will be on my side in the new year.

“Hopefully, time and money will be on my side in the new year.”

Regrettably, “time and money” were not on my side. That being said, I was able to make some progress on “Project Prepper.” Going down that revised list of “innate survival needs”:

1. Physical Security: Additional lighting has been added around the property to illuminate the exterior of the house. More personal safety tools and gear have been acquired, along with training material purchased from affiliate marketing partner Paladin Press.

2. Financial Security: No progress, although efforts have been ongoing since 2004. More on this another time.

3. Water: Additional water storage containers have been purchased and acquired. I bought one Reliance Products Aqua-Pak 5 Gallon Rigid Water Container
via Amazon.com to try out (review forthcoming), and have been stockpiling empty 2-liter plastic bottles.

4. Food: Nothing’s been added to the existing emergency food supply. Although regular readers of Survival And Prosperity might remember the “experimental” food garden my girlfriend and I grew last year using heirloom seeds from My Patriot Supply’s Survival Seed Vault.

Cucumbersaurus Revisited

Cucumbersaurus Revisited: It was DELICIOUS, by the way

ANY CHARACTER HERE

Despite a number of rookie mistakes and other challenges, I’d say it was a success, and I can’t wait to grow another, more expanded one this year.

5. Sanitation and Health: I wasn’t able to take that American Red Cross First Aid/CPR/AED class and build a comprehensive first aid kit in 2015 like I wanted to. I have started a new workout regimen though in an effort to improve my physical fitness. I blogged back on August 26, 2015:

As for the standards I’m shooting for, I’m leaning towards those embraced by Blackwater, Inc. Founder and former CEO Erik Prince talked about them in his recently published book entitled Civilian Warriors: The Inside Story of Blackwater and the Unsung Heroes of the War on Terror:

Our employees may have been retired from the military, but Blackwater didn’t hire your typical “retiree.” After the eight-week Moyock training programs that turned those veterans into diplomatic security professionals, our final physical fitness test standards required men to run one and a half miles in less than ten minutes, forty-five seconds; execute twelve pull-ups in a row, seventy-five push-ups done in two one-minute sets, and seventy-five sit-ups in two one-minute sets; and drag a 175-pound dummy eighty feet in under one minute

(Editor: Bold added for emphasis)

6. Energy: No progress.

7. Shelter: No progress. But to be fair, the house in the Chicago suburbs was a pretty substantial prep.

I’m disappointed I didn’t accomplish more since that December 2014 status report. Particularly as I believe time is ticking before the “balloon goes up.” From this point on, I’ll need to get “time and money” back on my side to keep “Project Prepper” moving forward. I’m up to the challenge.

More next week…

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

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Wednesday, February 10th, 2016 Emergencies, Energy, Firearms, Food, Gardening, Gear, Gun Rights, Health, Medicine, Preparedness, Project Prepper, Sanitation, Security, Self-Defense, Shelter, Supplies, Training, Water Comments Off on Project Prepper, Part 41: 2016 Status Report

SP Intel Report- November 10, 2015

Chicagoland

Cook County Ammo Tax Ordinance To Be Heard Friday, November 13

Within yesterday’s SP Intel Report, I mentioned that Cook County President Toni Preckwinkle is proposing a tax on ammunition sales in the county. The National Rifle Association’s Institute for Legislative Action reported on its website Monday:

Cook County Board of Commissioners has proposed Ordinance 15-6469, a proposal to impose a tax on ammunition, similar to proposals reported on in the past. This ordinance will be heard on Friday, November 13, at 1:00 p.m., by the Cook County Board of Commissioners Finance Committee.

This proposal would impose a $0.05/cartridge tax on all centerfire ammunition and a $0.01/cartridge tax on all rimfire ammunition, and would therefore penalize law-abiding gun owners for exercising their fundamental right to keep and bear arms. By definition, holders of a valid FOID card are the only persons legally permitted to purchase ammunition in Illinois, and therefore are the only persons subject to this tax – not the criminals responsible for the violence on the streets of Chicago…

That last bit sound familiar to readers of yesterday’s Intel Report? You can read the entire NRA-ILA piece on their website here.

National

Wisconsin Democrats Push To Ban ‘Semiautomatic Assault Weapons’

The push for more gun “control” is alive and well north of the Illinois state line too. From a press release published on the Urban Milwaukee website last Wednesday by Wisconsin State Representative Lisa Subeck (D-Madison):

MADISON –Today, Representative Subeck (D-Madison), along with Representatives Terese Berceau, Melissa Sargent and Chris Taylor, circulated an Assembly bill that would ban the transportation, purchase, possession, or transfer of semiautomatic assault weapons in Wisconsin.

“Our nation has watched as community after community has had to confront the tragedies that occur when weapons designed to kill large numbers of people quickly get into the hands of a dangerous person,” said Representative Lisa Subeck. “No Wisconsin community should ever have to face such a tragedy at the hands of someone armed with a semiautomatic assault weapon.”

Semiautomatic assault weapons are a class of firearms that are designed to kill large numbers of people quickly. They have been used in many high-profile shooting incidents, including the 2012 mass shooting at Sandy Hook Elementary School in Newtown, Connecticut; the 2012 Aurora, Colorado movie theater shooting; the 1999 Columbine High School massacre in that state; and the 1993 office shooting at the 101 California Street building in San Francisco.

“I can conceive of no legitimate reason that any citizen should need to own or use a semiautomatic assault weapon,” said Rep. Subeck…

(Editor’s note: Bold added for emphasis)

“Semiautomatic assault weapons.” Haven’t heard of that one before. The word wankers hard at work again. You know, on behalf of gun “safety.” You can read the entire press release on the Urban Milwaukee website here.

Former U.S. Comptroller General David M. Walker Warns Real U.S. Debt Closer To $65 Trillion Than $18 Trillion

It’s been some time since I’ve blogged about former Comptroller General of the United States David M. Walker. Appointed by President Clinton, Walker served as Comptroller General and head of the Government Accountability Office from 1998 to 2008. While at the GAO, Walker warned Americans about the nation’s long-term fiscal challenges as part of the “Fiscal Wake-Up Tour.” Frustrated by Washington’s refusal to confront these challenges, Walker left the public sector on March 12, 2008. I noticed Mr. Walker was back in the headlines this past weekend. Bradford Richardson reported on The Hill website Saturday:

The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion.

Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up all of the nation’s unfunded liabilities, the national debt is more than three times the number generally advertised.

“If you end up adding to that $18.5 trillion the unfunded civilian and military pensions and retiree healthcare, the additional underfunding for Social Security, the additional underfunding for Medicare, various commitments and contingencies that the federal government has, the real number is about $65 trillion rather than $18 trillion, and it’s growing automatically absent reforms,” Walker told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing Sunday…

(Editor’s note: Bold added for emphasis)

Whenever the national debt is brought up, I think about all those Pollyannas who go around saying the debt doesn’t matter. Give it a few more years when Washington and the Fed run out of road to kick the can. Then hold on for dear life

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

Sources:

Richardson, Bradford. “Ex-GAO head: US debt is three times more than you think.” The Hill. 7 Nov. 2015. (http://thehill.com/blogs/blog-briefing-room/news/259476-ex-gao-head-us-debt-is-three-times-more-than-you-think). 9 Nov. 2015.

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Tuesday, November 10th, 2015 Ammunition, Debt Crisis, Entitlements, Firearms, Fiscal Policy, Gun Rights, Health, Hunting, Military, Political Parties, Self-Defense, Shooting Sports, SP Intel Report, Taxes Comments Off on SP Intel Report- November 10, 2015

Jim Rogers Identifies China’s Six Most Promising Industries

Today on Survival And Prosperity I’m going to be focusing on investment matters. First up is investor, author, and financial commentator Jim Rogers. He recently spoke at an asset management forum in Shanghai and talked about investment opportunities/activities in China. PEdaily.cn reported the following about the former investing partner of George Soros on September 21 (via a Google Chrome translation):

• Rogers is still bullish on China’s long-term prospects despite their recent stock market woes. I noted this back on September 9.

• He identified China’s six most promising industries are agriculture followed by tourism, “environmental protection industry, the financial industry, the pharmaceutical industry and the railway industry”

• The Singapore-based investor bought shares in the Chinese tourism sector around three weeks ago

On that second bullet point, back in November 2013 China announced economic and social reforms from which Rogers took away the following. I blogged on November 26, 2013:

Earlier today, Rogers appeared on CNBC-TV18 and told viewers:

Well, I’m excited by what happened. As the Chinese had an exciting announcement in 1978 and in 1993, they say this announcement is to be as significant and as exciting as what happened previously in those two years. So far what I have seen that’s correct- some sectors of the Chinese economy are going to benefit enormously. And as you all know if you can find a government that is going to spend a lot of money or give a lot of incentives to a sector, you should put your money into that sector too. So the Chinese are clear that they are going to do something about railroads, about healthcare, agriculture, pollution. They have made it pretty clear they are going to do something, so I would suggest that people read what they said and then try to find some stocks in those areas…

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

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

Source:

“Wall Street predators Rogers: promising Chinese economy is continuing to buy Chinese stocks.” PEdaily.cn. 21 Sep. 2015. (http://www.profitconfidential.com/chinese-economy/jim-rogers-why-the-investor-is-bullish-on-china/). 29 Sep. 2015.

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Tuesday, September 29th, 2015 Agriculture, Asia, Crash Prophets, Environment, Government, Health, Investing, Tourism, Transportation Comments Off on Jim Rogers Identifies China’s Six Most Promising Industries

Illinois Governor Bruce Rauner To Push Drastic Spending Cuts, Sales Tax Hike In Near Future?

Some local news outlets have been giving new Illinois Governor Bruce Rauner a hard time lately, claiming he’s still in “campaign mode” and not providing much in the way of tackling the state’s economic ills.

But yesterday, Illinoisans got a glimpse of one potential measure the Winnetka businessman may turn to for improving the state’s finances. Jessie Hellmann and Ray Long reported on the Chicago Tribune website Thursday:

Republican Gov. Bruce Rauner pressed a bit harder Thursday for an expansion of the Illinois sales tax as part of an agenda to right the state’s financial ship.

Using charts and graphs, Rauner explained how surrounding states use broader-based sales taxes than Illinois to take advantage of growing service economies. “We’re not competitive,” Rauner said.

The idea of expanding the state’s sales tax base to include services, such as on auto repairs, dog grooming or haircuts, has been debated in Illinois since the late 1980s. Expansion efforts repeatedly have stalled in the face of heavy resistance, but Rauner outlined how he thinks Illinois is “out of balance” with other states.

“We are not thoughtful about this,” Rauner said, adding that the Illinois sales tax is too high and too narrowly applied.

Expanding the sales tax is one of the few items Rauner repeatedly has mentioned as a part of an unspecific overhaul of the entire tax code, saying Illinois can’t “just nibble around the edges.”

(Editor’s note: Bold added for emphasis)

It’s going to take a whole lot more than a sales tax hike to turn around the state’s economic fortunes. And Governor Rauner knows that.

So what other measures could be on his agenda for the near-term?

Rich Miller discussed the governor’s visit to the University of Chicago on January 22 and wrote on the Crain’s Chicago Business website the following day:

What is crystal clear is that he won’t ask for any more revenues without first making deep and even drastic cuts.

The new governor pointed to flat population growth and flat job growth as the roots of the problem.

Without “booming” growth, he said, Illinois can never dig itself out of the hole it’s in. And Rauner always HAS said that high taxes are a hindrance to growth.

Rauner singled out two items for his chopping block. First up, Medicaid spending.

“When you realize our job growth is flat, how do you pay for it?,” Rauner said of Medicaid. “I want to do that, but that is not sustainable.” Medicaid, which pays for everything from childbirth to nursing home care, consumes a quarter of the state’s operating budget, and despite some real reforms almost two years ago, costs are continuing to rise. And that’s a problem when next fiscal year’s budget deficit is being pegged at a whopping $9 billion.

Rauner also claimed state employees make too much money, saying they earn more than private sector workers (which AFSCME rejects, pointing to a recent University of Illinois study) and are the third-highest paid in the country. The number of state workers is declining, Rauner noted, but payroll costs are still increasing. Their health insurance is based on “low contributions” from workers, but has a high cost. So, while workers aren’t chipping in much, “you’re chipping in a lot,” he told his audience…

(Editor’s note: Bold added for emphasis)

“Deep and even drastic cuts.” “Expansion of the Illinois sales tax.”

It will be interesting to watch how Illinois Democrats- who hold veto-proof supermajorities in both chambers of the Illinois General Assembly- react to such proposals if Governor Rauner goes this route.

This could get ugly real quick…

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

Sources:

Hellmann, Jessie and Long, Ray. “Rauner presses for sales tax expansion in U. of I. speech.” Chicago Tribune. 29 Jan. 2015. (http://www.chicagotribune.com/news/local/politics/ct-bruce-rauner-champaign-appearance-met-0130-20150129-story.html). 30 Jan. 2015.

Miller, Rich. “Watch out: Rauner sharpens his cleaver.” Crain’s Chicago Business. 23 Jan. 2015. (http://www.chicagobusiness.com/article/20150123/NEWS02/150129882/watch-out-rauner-sharpens-his-cleaver). 30 Jan. 2015.

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Friday, January 30th, 2015 Debt Crisis, Deficits, Entitlements, Fiscal Policy, Government, Health, Insurance, Political Parties, Population, Spending, Taxes Comments Off on Illinois Governor Bruce Rauner To Push Drastic Spending Cuts, Sales Tax Hike In Near Future?

Project Prepper, Part 30: Status

Last week in the “Project Prepper” series of posts I did a recap of what the series is all about for those who didn’t already know.

Today, I’m going to talk about where the project stands after a little over two years in the works.

To start, my girlfriend and I moved out of the city of Chicago last year to a house in the northwest suburbs- with an eye towards eventually settling down in Wisconsin.

I decided my preparedness education and activities will focus on a prioritized list of six “innate survival needs” (hat tip Jack Spirko @ The Survival Podcast). This includes:

1. Security
2. Water
3. Food
4. Shelter
5. Sanitation and Health
6. Energy

Concerning security, that’s something that’s been in the works for several years now. Like I wrote on this blog’s “About” page:

Survival And Prosperity is unlike other financial blogs in that SP focuses simultaneously on finance and personal safety, two areas Christopher Hill has spent a lot of time researching these past couple of years and which are intertwined in any serious discussion about surviving and prospering in tumultuous times. Case in point, an individual might pursue a strategy of wealth preservation and growth that would pay off handsomely in a financial crash. Yet, if personal safety was ignored in the process, that same individual might end up a victim of the social turmoil that is sure to accompany the economic collapse. So much for that new-found wealth, right?

(Editor’s note: Blog added for emphasis)

Decent strides have been made in the area of security, although plenty of work remains with all those “innate survival needs.” Physical security on the exterior/interior of the new house has been improved, particularly with landscaping, lighting, and locks. Personal safety gear, supplies, and tools have been acquired, with training having commenced a few years back.

New Tools: United Cutlery Honshu Tantos

New Tools: United Cutlery Honshu Tantos

Purchased @ BUDK.com For $36.99 (Stainless), $39.99 (Black)

Concerning water, the foundation for an emergency water supply is now in place. While utilizing some water storage containers I had prior to this project, I’ve acquired additional containers. To maintain the quality of the water for an extended period of time, I purchased aerobic stabilized oxygen. I’ve also kept a couple of cases of bottled drinking water on hand, along with an emergency water containment system that holds up to 100 gallons of fresh water in a bathtub standing by in the wings. At present, my girlfriend and I have close to a week-and-a-half supply of emergency water each (based on federal government guidelines of one gallon per person per day). Even though this is significantly more than Uncle Sam’s 72-hour recommendation, I’m not comfortable with this amount.

Concerning food, the foundation for an emergency food supply is also in place. Taking advantage of price drops and gift cards, my girlfriend and I scored a relatively-inexpensive 1-week supply of high-quality freeze-dried meals each. Like with the water though, I’d like to increase that amount commensurate with the potential emergencies I’ve identified.

Concerning shelter, purchasing that house last spring was a pretty big “prep.” And it was certainly an improvement over the multi-family housing arrangement where my girlfriend and I used to live. As much as I love the city of Chicago and would have liked to stay in our northwest side neighborhood, my girlfriend and I are much better off here in a close-by suburb, all things considered.

Concerning sanitation/health, not much work has been done in this area yet. As health is concerned, I’ve acquired a good deal of basic first aid supplies and instructional material in the last couple of years. But it’s been too long since I’ve had any training in this area. It’s one of my goals in 2015 to complete an American Red Cross First Aid/CPR/AED class and build a comprehensive first aid kit- as well as having the knowledge/skills to use it. In addition, while working around the house has been good for the body, I really need to improve my physical fitness. Not only will it help me cope with the difficult times I see coming down the pipeline, but hopefully it will keep me from having to rely on our floundering health care system as much as possible.

On sanitation, an unforeseen (and somewhat costly) improvement was carried out late last year on our sewer line going from the house. I’ll spare readers the details, but a new cleanout was added on the front of the home, and with it, a check valve. Should the city’s sewer system fail for any reason (extended power grid failure?), the valve should prevent sewage from backing up into our house and through the toilets. At least, that’s how I understand it should work. When it comes to people having to “go to the bathroom” in an extended grid-down scenario and dealing with the waste, I’m already researching a number of possible solutions.

Finally, as energy is concerned, for short-term blackouts I’ve been looking at portable generators to use at first until my girlfriend and I can afford a standby generator that can be hooked up to the natural gas line coming into the house. I’m also exploring if we can’t utilize renewable sources of energy somehow. I really hope so, because it’s probably what we’ll be forced to turn to in a long-term grid-down situation. That being said, we are limited by what we can use due to our location in a major metropolitan area.

So that’s where I stand with “Project Prepper” as 2014 draws to a close. Decent progress has been made in tackling those “innate survival needs,” but there’s still a lot more work that needs to be done. Hopefully, time and money will be on my side in the new year.

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

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Wednesday, December 10th, 2014 Emergencies, Energy, Food, Gear, Health, Knives, Medicine, Preparedness, Project Prepper, Sanitation, Security, Self-Defense, Shelter, Supplies, Training, Water Comments Off on Project Prepper, Part 30: Status
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