price controls

Peter Schiff: ‘The Day Of Reckoning Is Getting Closer And Closer’

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, warned viewers of rising inflation, a U.S. dollar collapse, and civil unrest. The CEO of Euro Pacific Capital said:

Most people know there’s inflation. They don’t believe the government numbers or they don’t even know about the government numbers. All they know is that the cost of living is going up. Food is more expensive. Their utility bills are higher. Rent is going up. Health insurance premiums are going up. But Alex, we ain’t seen nothing yet. When it comes to inflation- this is just the beginning. The price increases that Americans have been enduring are only going to get much, much worse… But nobody is going to welcome a higher cost of living, and your best defense against that, as I said, is to protect yourself. To get out of your dollars. To diversify internationally

More and more people- mainstreaming people- I’m hearing people talk who now realize that this is the 9th inning of this thing, this whole experiment with Keynesianism and fiat money. It is very, very late in the game. Time is running out, right? The clock has been ticking and ticking. It is going to stop, and you can see that. The day of reckoning is getting closer and closer

The real drop is not just going to be in the pound, but in all the world’s fiat currencies. In particular, the U.S. dollar, which is at the center of this whole Frankenstein’s monster when it comes to a monetary system. And it is going to implode. And this dollar crisis is going to make the financial crisis of 2008 look like a Sunday school picnic, especially in the way it impacts people’s standards of living…

There is going to be, I think, rioting and looting. Especially when we have a currency collapse. Because I think then you’re going to have shortages. I think the government is going to impose price controls. And I think there is going to be a problem for people to get goods and services that are in short supply…

(Editor’s note: Bold added for emphasis)


“Bubble Ready to Implode. Massive QE Coming!”
YouTube Video

(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.)

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

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Wednesday, July 13th, 2016 Civil Strife, Crash Prophets, Currencies, Government, Inflation, Investing, Main Street, Monetary Policy Comments Off on Peter Schiff: ‘The Day Of Reckoning Is Getting Closer And Closer’

In Print: Blockade- The Diary Of An Austrian Middle-Class Woman 1914-1924

Slowly but surely, I’ve been bringing back those different series of posts I started running in November 2010. It’s been a while since I published an “In Print” piece (December 2014), but truth be told, I’ve hardly had time to read any books (to completion) for quite some time. Seriously. That’s changing, and a number of titles I have in my possession will be presented and discussed in future “In Print” posts. Some real good material there too.

This week’s “In Print” selection is entitled Blockade- The Diary of an Austrian Middle-Class Woman 1914-1924, which was written in 1932 by Anna Eisenmenger. I’m not sure exactly how I heard about the “diary,” but I’m glad I did- as were others. You see, I had just finished reading it when I posted the following comment on the blog area of the SHTF School website (produced in conjunction with well-known Balkan region war survivor/prepper/survivalist “Selco” and “dedicated to urban survival and preparedness”):

“Suggest someone who is dear to you to read real life experiences.” Selco, I recently read a book (diary actually) from around your part of the world that I found relevant and intriguing- Anna Eisenmenger’s 94-page “Blockade – The Diary of an Austrian Middle-Class Woman 1914-1924,” available for free on archive.org. “Diary of an Austrian woman who lived through World War I and the interwar years in Vienna. She witnessed the devaluation of the currency and the government controls on food, fuel, and travel. Her sons were wounded in the war and one turned to extremist ideals in the wake of the war. Interesting personal view of a sometimes overlooked historical period.” Eisenmenger talked about a range of topics, including asset protection, bartering, civil unrest, food shortages, health issues, urban versus rural when TSHTF, and going to extremes to save one’s family.

In response to a question of how to download the diary in a “readable format,” I added later:

If Selco and gang don’t mind me posting it here, below is the link on archive.org to the page where Mrs. Eisenmenger’s diary can either be read (page top) or downloaded (page right). I opted for the .pdf version, which worked fine in my Acrobat Reader. If the link gets stripped, you can go to archive.org, enter “Blockade The Diary” in the search engine (not that “WayBackMachine” box) and the link to the page where you can read/download it should appear near the top of the search results. Hope this helps. I found the diary insightful and sobering. Hard to believe it was published in 1932 as it reads like a modern manuscript…

https://archive.org/details/Blockade-TheDiaryOfAnAustrianMiddle-classWoman1914-1924

Selco and others were grateful to me for pointing out this free resource, with one blog reader going so far as to write:

Thank you so much for recommending this book. What a great read and if I was part of a prepper group, this book would be recommended reading…

No problem. And now I’m recommending it to Survival And Prosperity readers.

You can use that link to Blockade I shared with the SHTF School folks. I just tested it and it’s still “live.”

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

(Editor’s note: Info/link added to “Resources” page. Tomorrow though as I’m beat from doing chores at the family’s place in Wisconsin earlier today and driving back to Illinois.)

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Venezuela Food Shortages Give Rise To Registration

In the 2008 film The Hurt Locker, there’s a part where the main character, a U.S. Army Explosive Ordnance Disposal (EOD) specialist, returns home. While shopping for groceries, he becomes overwhelmed by the enormity of choices and amount available for purchase…


“The Hurt Locker- grocery store scene”
YouTube Video

It was a humorous yet sobering reminder of the abundance of food in our society.

At least for now.

Compare that to present-day Venezuela, where food shortages are becoming a serious problem. From the Associated Press on Tuesday:

Battling food shortages, the Venezuelan government is rolling out a new ID system that is either a grocery loyalty card with extra muscle or the most dramatic step yet towards rationing in Venezuela, depending on who is describing it.

President Nicolás Maduro’s administration says the cards to track families’ purchases will foil people who stock up on groceries at subsidised prices and then illegally resell them for several times the amount. Critics say it’s another sign the oil-rich Venezuelan economy is headed toward Cuba-style dysfunction.

Registration begins at more than 100 government-run supermarkets across the country on Tuesday and working-class shoppers – who sometimes endure hours-long queues at the stores to buy cut-price groceries – are welcoming the plan…

Rigid currency controls and a shortage of US dollars make it increasingly difficult for Venezuelans to find imported basic products such as milk, flour, toilet paper and cooking oil.

In January, more than a quarter of basic staples were out of stock in Venezuelan stores, according to the central bank’s scarcity index. The shortages are among the problems cited by Maduro’s opponents who have been staging protests since mid-February…

(Editor’s note: Bold added for emphasis)

I feel bad for the Venezuelans that these shortages are taking place.

At the same time, it’s a good reminder for Americans that prepping for hard times isn’t all about socking away just guns and gold.

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

Source:

“Venezuela tackles food shortage with ID card system.” Associated Press. 1 Apr. 2014. (http://www.theguardian.com/world/2014/apr/01/venezuela-food-shortage-id-cards). 3 Apr. 2014.

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Thursday, April 3rd, 2014 Commodities, Emergencies, Firearms, Food, Government, Man-Made Disasters, Natural Disasters, Precious Metals, Preparedness, South America, Supplies, TEOTWAWKI Comments Off on Venezuela Food Shortages Give Rise To Registration
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