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Marc Faber: ‘I Think Before The Year End We’ll Have Some Form Of QE 4 In The U.S.’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the FOX Business Network this morning. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report discussed additional intervention by the world’s central banks in the wake of the “Brexit” vote and more quantitative easing in the United States. “Doctor Doom,” as the financial news media likes to call him, told viewers:

Regarding the confidence, I’m not so sure, because if you look at the performance of Treasury bonds, they would indicate that there is a sense that the economy’s weakening and that there are problems in the financial system. Also if you look at the performance of European bank stocks, they are horrible performers. So the confidence coming back- I’m not sure. But clearly Brexit means more money printing by central banks. They will continue to intervene. And I think before the year end we’ll have some form of QE4 in the U.S…

(Editor’s note: Bold added for emphasis)


“Marc Faber: Brexit means more money printing by central banks”
FOX Business Network Video

On the spectre of recession, Dr. Faber added:

I think the problem will be if there are no additional QEs around the world- not just in the U.S. but around the world- is that asset prices will no longer go up and we’ve seen this already in London properties, in New York properties- and this will have a negative impact on the economy. The recession in my view is not going to come from really the economy per se, but from asset price deflation

(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.)

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Signs Of The Time, Part 88

The Financial Times (UK) website reported yesterday that Z/Yen, billed as “the City of London’s leading commercial think-tank,” just published its eighteenth Global Financial Centres Index. GFCI 18, as it’s otherwise known, rated 84 of the world’s financial centers. From a Z/Yen press release Wednesday:

London has moved ahead of New York to reclaim the number one position. London climbed 12 points in the ratings to lead New York by eight points…

London, New York, Hong Kong, and Singapore remain remain the four leading global financial centres. New York, in second place is now 33 points ahead of Hong Kong in third. Tokyo, in fifth place, is 25 points behind the leaders…

Toronto (8th), San Francisco (9th), and Washington, D.C. (10th) were other North American cities in the “top ten” of this year’s Index.

You can read the entire Z/Yen press release on their website here (.pdf format).


YouTube Video

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

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Thursday, September 24th, 2015 Asia, Europe, North America, Signs Of The Time No Comments

Islamic State May Now Have A Dirty Bomb, But What About A Nuke?

“Militants in Iraq have taken hold of nuclear materials at university science facilities near the northern city of Mosul, the Iraqi government has said in a letter to the United Nations.

But two U.S. officials told CNN on Wednesday that the small amounts of uranium aren’t enriched or weapons-grade, prompting only minimal concern…”

-CNN website, July 10, 2014

I remember reading about the Islamic State getting their hands on that nuclear material near Mosul this summer. And I also remember the American response to it happening- which was basically “who cares?”

Now, I distinctly recall what I was thinking when I heard the news:

The caliphate is going to build themselves some dirty bombs.

From the United States Nuclear Regulatory Commission website:

A “dirty bomb” is one type of a radiological dispersal device (RDD) that combines conventional explosives, such as dynamite, with radioactive material. The terms dirty bomb and RDD are often used interchangeably in the media. Most RDDs would not release enough radiation to kill people or cause severe illness – the conventional explosive itself would be more harmful to individuals than the radioactive material. However, depending on the situation, an RDD explosion could create fear and panic, contaminate property, and require potentially costly cleanup… A dirty bomb is not a “Weapon of Mass Destruction” but a “Weapon of Mass Disruption,” where contamination and anxiety are the terrorists’ major objectives

A “weapon of mass disruption.” Cute.

On Saturday, the Daily Mirror– a British tabloid- ran the following:

Islamic State fanatics have built a dirty bomb, it has been claimed.

The fighters are said to have made a device using radioactive uranium stolen from Iraq’s Mosul University after seizing control of the city last June.

And this week they were boasting of the damage it would cause if blown up in London, although sources insist security measures would make it almost impossible to transport here…

If the bomb does exist, militants are far more likely to use it in Syria or Iraq, rather than trying to smuggle it into a Western country.

(Editor’s note: Bold added for emphasis)

“Although sources insist security measures would make it almost impossible to transport here.”

“Militants are far more likely to use it in Syria or Iraq, rather than trying to smuggle it into a Western country.”

Not sure I agree with those statements. First off, you don’t need to “transport” the components required to construct a dirty bomb. There’s a good chance the bad guys would be able to source that locally in the U.K.

Second, going back to that NRC statement about dirty bombs being “weapons of mass disruption” rather than “destruction”- it’s my understanding that Iraq and Syria are way past being “disrupted.” Why would the Muslim extremists waste such fear-inducing devices there? New York City makes more sense as a potential dirty bomb target. Think Wall Street during the business week or Times Square on New Year’s Eve. That’s what I’d be trying to prevent if I were still in government and in the counter-terrorism field.

So the caliphate may have a dirty bomb. Not shock there if this turned out to be true considering the relative ease of constructing one. More of a concern should be the Islamic State getting their hands on a nuclear weapon. Why’s that? Because these guys have proven themselves to be hard-chargers and probably wouldn’t hesitate to detonate the damn thing among their enemies. Joe Cirincione, an expert on nuclear proliferation, penned on the Huffington Post website on November 28:

It is impossible now for ISIS to build a nuclear bomb from scratch. Doing so would require large, industrial facilities to enrich uranium, billions of dollars and gigawatts of energy. But if they could get the highly-enriched uranium — about 100 pounds would do, about the size of a soccer ball — it is possible that they could assemble the equipment and small technical team to build the bomb.

Jeffrey Lewis described in the superb documentary, Countdown to Zero, how few people are actually required to do this and how little it would cost. But it does require a sophisticated operation. ISIS has the capabilities required.

We have never encountered a terrorist group like ISIS. Their demonstrated brutality and willingness to kill large numbers of innocents is shocking, but is now the kind of terrorism that we have become familiar with over the past 20 years. ISIS adds three capabilities that catapult the threat beyond anything seen before: control of large, urban territories, huge amounts of cash (perhaps as much as $2 billion), and a global network of recruits.

With these assets they could illicitly acquire the nuclear material for a bomb from vulnerable storage sites in Russia or Pakistan, and possibly nuclear expertise as well

(Editor’s note: Bold added for emphasis)

Remember that phrase “if you build it, they will come” from the 1989 film Field of Dreams?

It’s seems like “if they build it, they will blow s**t up” as it concerns these particular jihadists.

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

Sources:

Dorman, Nick and Doyle, Neil. “British ISIS fanatics have built a dirty bomb and boast of the damage it could inflict on London.” The Mirror. 29 Nov. 2014. (http://www.mirror.co.uk/news/uk-news/british-isis-fanatics-built-dirty-4721561). 2 Dec. 2014.

Cirincione, Joe. “Preventing a Nuclear ISIS.” Huffington Post. 18 Nov. 2014. (http://www.huffingtonpost.com/joe-cirincione/preventing-a-nuclear-isis_b_6180120.html). 2 Dec. 2014.

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Jihadists Conducting Recon Of British Parliament?

Something tells me our friends in Western Europe might suffer a major terrorist attack before a strike against the United States. Sunday morning I was reading the “Travel” section of my Chicago Tribune when I spotted the following under “World watch”:

United Kingdom: Authorities warned of potential terrorist threats against the Houses of Parliament in London, prompting calls to close the Palace of Westminster to the public. The ISIS-related threat was announced after British intelligence learned of suspected jihadists visiting Parliament for tours in recent weeks. The Palace of Westminster, where the House of Lords and House of Commons meet, is Britain’s most iconic structure, with the attached tower and Big Ben clock being the nation’s most recognizable symbol. Military police are refreshing their training to prevent a terrorist attack, and tourists should follow local media for updates when planning to visit Parliament…

(Editor’s note: Bold added for emphasis)

“Kids. Big Ben. Parliament. Allahu Akbar!


“European Vacation- Roundabout”
YouTube Video

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

Source:

Burlison, Dani and Habegger, Larry. “World watch: Threats may leave London travelers outside Parliament.” Chicago Tribune. 29 Oct. 2014. (http://www.chicagotribune.com/lifestyles/travel/ct-trav-1102-world-watch-20141029-story.html). 4 Nov. 2014.

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Riot-Inspired Purchases During The Ferguson And 2011 England Unrest

It’s interesting- at least, for me- to see what sort of gear, supplies, and tools are being acquired while the protests continue in Ferguson, Missouri, for another night. Yesterday, Kerry Picket reported on Breitbart.com:

The use of tear gas by Missouri law enforcement has caused a run on gas masks in the St. Louis area. Local residents, reporters, and video production crews are making last minute calls to places like Uncle Sam’s military surplus only to find out that gas masks, gas mask filters, and bullet proof vests are all sold out

(Editor’s note: Bold added for emphasis)

Picket added later in the piece that ear plugs, “bullet proof chest plates” for vests, and tactical vests are in demand as well.

The civil unrest looks to be spurring sales of certain personal safety products on Amazon.com as well. Charlie Spiering reported on the Breitbart website this morning:

As protests continue in Ferguson, Missouri, gas mask sales are skyrocketing at Amazon.com. Sales of the online retailer’s most popular gas mask model have risen 434 percent in the past 24 hours…

Another popular gas mask sold on Amazon, the Israeli Civilian Gas Mask, has rocketed up the sales charts by 250 percent…

(Editor’s note: Bold added for emphasis)

As I type this, that “most popular gas mask model”- the NBC 40mm NATO SGE 400/3 Anti-Riot Military Gas Mask Made In The USA– is running low (only 16 units left in stock), while sales are still up 63 percent over the past 24 hours.

As for the other popular gas mask- the Israeli Civilian Gas Mask with NBC NATO Filter and Drinking Hydration Tube– that’s also still up 58 percent.

Meanwhile, the Israeli Civilian Gas Mask w/ Nato Filter (no drinking hydration tube) has jumped ahead of the other two, racking up a 128 percent increase in sales over the past day last time I looked.

Compare all this to what the English were buying during their 2011 bout with civil strife. I blogged back on August 12, 2011:

Apparently, pots, pans, and rubber hoses just aren’t cutting it for some Brits on the front lines of the rioting and looting. Reuters’ Rosalba O’Brien reported yesterday:

Sales of baseball bats and batons have shot up more than 5,000 percent in the last 24 hours on Amazon’s British website, as London suffered its worst violent unrest in decades.

Seven of the top 10 ‘movers and shakers’ in Amazon’s sports and leisure list were baseball bats of various kinds, their sales since Monday rising between 1,756 percent and 5,149 percent.

A “military police telescopic baton”, described by the manufacturer as useful for “effective self-defence with extra reach”, was the 110th best selling item among Amazon’s sports and leisure customers, up from a ranking of 5,622 just 24 hours ago. Actual sale number of the items are not given.

A look at the Amazon UK site right now shows that the top “mover and shaker” in the “Sports & Leisure” category is a folding shovel by Gelert. This forged steel shovel has a serrated edge for sawing- or for seriously ruining the day of some threatening rioter/looter.

In the past twenty-four hours, the sales rank of this folding shovel has skyrocketed 283,300 percent from 2,834 to number one in the sports and leisure category.

(Editor’s note: Bold added for emphasis)

283,300 percent? While this Gelert folding shovel is still available on the Amazon UK site, I couldn’t find it on the U.S. counterpart. The closest folding shovel I saw on our Amazon looked to be the Wenzel Tri-Fold Shovel– although Amazon customers are raving about the similar-in-function US Military Original Issue E-Tool Entrenching Shovel.

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

Sources:

Picket, Kerry. “Run On Gas Masks In Ferguson.” Breitbart.com. 18 Aug.2014. (http://www.breitbart.com/Big-Government/2014/08/18/Run-On-Gas-Masks-In-Ferguson). 19 Aug. 2014.

Spiering, Charlie. “Popular Gas Mask Sales Up 434 Percent On Amazon.” Breitbart.com. 19 Aug. 2014. (http://www.breitbart.com/Big-Government/2014/08/19/Popular-Gas-Mask-Sales-Up-434-Percent-On-Amazon). 19 Aug. 2014.

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Illinois Gun Maker Leaving State

Another business is leaving Illinois.

Big whip. That’s going on all the time these days in the anti-business climate the state’s political leaders have created.

But in this instance, it’s a well-known gun manufacturer- the second one that’s thrown in the towel on the “Land of Lincoln” in the last five years.

Enter Lewis Machine & Tool Company, or LMT. From their website:

Lewis Machine & Tool Company (LMT) was founded in 1980 to provide the US Military, law enforcement and government agencies with precision engineered, high quality weapons, components and modular weapon systems.

Milan, Illinois-based Lewis is internationally-known for its flagship .308 Sharpshooter rifle, which the British military adopted in 2010. In fact, this Royal Air Force used Sharpshooters to protect the 2012 Olympics in London, England, against potential terrorist attacks.

And now, the expanding company looks to be departing Illinois for Davenport, Iowa. Stephen Elliott reported on the Quad-Cities Online (Moline Dispatch/Rock Island Argus) website last Thursday:

A longtime Milan-based gun manufacturer announced plans Thursday to move his 170-employee operation to Davenport.

During a city enterprise zone commission meeting, Karl Lewis, owner of Lewis Machine and Tool Co., said he plans to build a 60,000-square-foot building on Kimmel Drive. The board unanimously approved Mr. Lewis’ plans.

If those plans come to fruition, Lewis Machine and Tool will be the second gun manufacturer to move across the river in the past five years. In 2008, Les Baer Customs moved its operations and two dozen workers to a new 18,000-square-foot building.

“I would hope, if everything lines up as it should, that sometime in 2014 we’ll make the formal move,” Mr. Lewis said. “The sooner, the better.”

Elliott added later in the piece:

Milan Mayor Duane Dawson on Thursday said city officials were aware of Mr. Lewis seeking more space.

“As I understand it, they need more space, and there is also a concern with the Illinois gun laws,” Mayor Dawson said. “There’s only so much we can do with where they are.

(Editor’s note: Italics added for emphasis)

Shane Simmons contributed the following over on the website of WQAD 8 (Quad Cities) Friday evening:

Mayor Dawson believes the Illinois business climate makes it hard to keep the businesses that are present.

“We here in Illinois have fought this for quite some time about attracting businesses”, he continued, “It’s very difficult to get manufacturers to come to this state.”

In Illinois, income tax is higher, which is a burden on business owners.

Local officials like Mayor Dawson hope to see change in the Illinois business culture.

(Editor’s note: Italics added for emphasis)

So would I, Mayor Dawson. So would I.


“Illinois Gun Maker Plans Move”
WQAD 8 Video

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

Sources:

Elliott, Stephen. “Milan gun-maker plans move to Davenport.” Quad-Cities Online. 18 Sep. 2013. (http://qconline.com/archives/qco/display.php?id=653224). 24 Sep. 2013.

Simmons, Shane. “Illinois Gun Maker Plans Move.” WQAD 8. 20 Sep. 2013. (http://wqad.com/2013/09/20/illinois-gun-maker-plans-move/). 24 Sep. 2013.

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On TV: Preppers UK: Surviving Armageddon 1 & 2

Down the road (2 weeks maybe?), I plan on bringing back my “In Print” series of posts where I review books related to the focus (financial and personal safety/growth) of this blog. In the meantime, I thought I’d talk about related shows on the television. Or the “telly” as they’d call it across the pond in the United Kingdom.

Speaking of the U.K., I’d read in the British papers that some prepper/survivalist-themed shows were on the TV over there. Furthermore, they were from the National Geographic Channel, the same people who brought you Doomsday Preppers. Here’s what I uncovered. From the Nat Geo Channel website:

Preppers UK: Surviving Armageddon

Description

The precautionary prowess of the British is proudly on display in this programme which proves that the wonder of apocalyptic wariness isn’t purely an American phenomenon.

Civil unrest, financial chaos and natural disasters are everyday news – and, whether it involves survivalists stockpiling away in Surrey or completely upping sticks and moving to Slovakia, Preppers UK: Surviving Armageddon features British preppers who’ve armed themselves with much more than just a stiff upper lip.

In Surrey, Royston is preparing for the aftermath of a solar flare and hosts a radio show for fellow preppers. Over in Buckinghamshire, tree surgeon Malcolm explains how he prepares for disaster by sampling the local wildlife – he has feasted on squirrel, rabbit, magpie, and even tried ant eggs! And in Greater Manchester, the Dylan family reveals how they plan to become completely self-sufficient in the aftermath of an economic crisis.

Plus, on the other side of the Atlantic, catch up with our original extreme preppers who, throughout the US-based series, proved that Armageddon obsession truly is a global sensation.


“28 November, Preppers UK: surviving armageddon.”
YouTube Video

Preppers UK: Surviving Armageddon aired in November 2012- a month before what some thought could be the end of the world. This was followed by Preppers UK: Surviving Armageddon 2 in June 2013. I watched both shows on YouTube.com the other day (type in their respective titles in the YouTube search query and a number of viewing options should turn up). And here’s my two cents:

There appears to be many similarities between the British preppers featured in this shows and their American counterparts. Especially when it comes to their reasons for getting prepared, concepts, and terminology (after accounting for the differences between the two forms of English being spoken by each group, of course). One glaring difference was the British preppers’ lack of firearms. But as many readers probably know, the United Kingdom is notorious for its gun “control”- some parts more than others according to what Fernando “FerFAL” Aguirre has written in The Modern Survivalist blog, now originating out of Northern Ireland. While semi-automatic versions of military assault rifles were scarce, shotguns, bolt-action long guns, and other weapons filled the void. Another thing that stood out was the inclusion of only one female prepper out of all those featured in both shows. An American expat, no less. I have to wonder- are there not many women preppers in Britain? I know there’s a healthy population of female modern survivalists here in the United States. Interesting.

Overall, I enjoyed watching both UK Preppers 1 and 2. It was neat to see how preppers took care of business across the pond. And I’d bet there’s a lot of useful information that could be exchanged between them and their counterparts on these shores. I’d take the time out of my busy schedule to watch UK Preppers: Surviving Armageddon 3 if it’s ever produced and airs.

For more information about UK Preppers, you can visit the National Geographic Channel website here.

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

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