No one knows how well prepared the system is to handle potential bank runs and massive demands for cash withdrawals if the system tanks.
And no one knows how much longer the system can hold.
The erratic and unnatural market forces from the Federal Reserves’ zero interest rate is driving things towards an unstable tipping point, and no one knows what will happen if it does.
Millions may be left without a way to access their funds – perhaps for days or weeks – and banks may lose funds that governments are unwilling or unable to repay.
So a top bond fund manager is warning to diversify holdings into things like gold, silver and savings accounts, and to keep some cash on hand in cash everything else comes to grinding halt. The London Telegraph warned:
The manager of one of Britain’s biggest bond funds has urged investors to keep cash under the mattress.
Ian Spreadbury, who invests more than £4bn of investors’ money across a handful of bond funds for Fidelity, including the flagship Moneybuilder Income fund, is concerned that a “systemic event” could rock markets, possibly similar in magnitude to the financial crisis of 2008, which began in Britain with a run on Northern Rock.
“Systemic risk is in the system and as an investor you have to be aware of that,” he told Telegraph Money.
The best strategy to deal with this, he said, was for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went further, suggesting it was wise to hold some “physical cash”, an unusual suggestion from a mainstream fund manager.
[…]
“The problem is that people are struggling to work out how to diversify if QE programmes stop,” he said.
That nightmare could happen according to Ian Spreadbury, particularly with markets locked into a damned if you do, damned if you don’t scenario under razor thin interest rates and swelling debt.
The bond expert signaled that the risk is significant and could set off events in the short term, within the next few years:
He declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10. The current woes of Greece, which may crash out of the euro, already has many market watchers concerned.
Putting that together with other financial warnings, it seems clear that the system knows something big is coming.
The elite players are unwilling to play it safe with the money of others, and the market rewards only short term risk.
Global finance is being deliberately pushed to the edge waiting for a tipping point. It is not just the most extreme scenarios that could crash the system, it is a gravity that is pushing everything towards the brink.
Ordinary people are losing out on their savings, their pensions, on fees and handling surcharges, all while the insiders are trying to phase out cash and lock down finance inside a digital grid they alone control.
No one is looking out for the average person at the bottom, and only prepared individuals with cash money and physical assets set aside stand a chance at riding out whatever wave may come.
Prepare for the worst, and hope for an end to this madness before it happens.
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So DK was right, $10 bills in #10 cans, go figure?
You mean mushroom was right……long before dk ever said it.
Loved the down turn in gold again today……I am hoping and thinking we may see one more big low before it trends back up again.
New warning about seafood…
The West Coast’s Massive Algal Bloom Could Be the Toxic Wave of the Future
“Toxic algae are growing along the West Coast in greater quantities than ever, wreaking havoc on marine life and forcing the closure of Washington’s $20 million Dungeness crab fishery, along with mussel, clam, sardine, and anchovy fisheries in Oregon and California.
The massive algae bloom has been detected as far south as Santa Barbara, California, and as far north as Alaska, and it could continue to limit the seafood supply.”
“As filter feeders, clams and mussels end up trapping high concentrations of the toxin in their digestive tract. Kudela recorded toxicity levels in shellfish and anchovies ranging from 95 ppm to 400 ppm. The legal limit for safe human consumption is 20 ppm for both.”
Hmmmm. I don’t trust the “toxic level checkers”.
“Seafood goes through toxic level checks before it’s sold to consumers, and the local seafood on shelves today was either caught from areas unaffected by the bloom or before the bloom hit. But we could be seeing fewer crabs, clams, and mussels in grocery stores as closures go into effect.”
-Yahoo dot com
Direct link…
http://news.yahoo.com/west-coasts-massive-algal-bloom-could-toxic-wave-233550523.html
In 1979 inflation was running rampant.
I took all my money and put it into
gold and silver, which was nearing $850
gold and $50 silver.
My friend who had many bank accounts
with the insured $50,000 maximum balance
bought none.
The bottom fell out of the gold and silver
market and left me penniless while my
friend’s cash holdings became invaluable
through the deflationary spiral and high
interest rate paid on his money.
The huge amount of money this country has
is floating around in cyber space and will
be deleted at the push of a key.
The very small amount of physical cash is
limited and when runs on the banks are made
the ATM’s will be bare. Cash money will again
become king.
I for one am a follower of Mushroom. RIP.
Thank you for relating your personal experience. I am very sorry you lost money in AU and AG! A couple comments, though: there was not deflation in the 80s but disinflation. Very different things. The purchasing power of your friends 50k did not increase during the 80s! If he had bonds, we’ve had a long march down where bond holders have made out like bandits, but cash? Meh.
There are three and only three things they can do now with this debt (Dr. Lawrence Kotlikoff, Boston Univ and former Reagan official say ALL unfunded liabilities are now $222 TRILLION!!): They can print money, cut services, or raise taxes (or some combination). 10% growth is out under socialism. Yes, they will combine all three, but there will be a bias towards one.
Just because you had bad luck with AU back then does not mean you will again. The times are very different. Do you really see a Volcker coming on the scene again? And if he did, and mortgage rates hit 20% again, what do you think would happen? Shock treatment back then could work. Now it would kill the patient.
My suggestion is have some gold and silver as chaos hedges if nothing else. You don’t need to bet the farm; even 5% allocation could do wonders if we have mass (not hyper) inflation. Just my thoughts.
TEST, you say there are only three things they can do: they can print money, cut services, or raise taxes (or some combination). We and every other country are already doing all three and it’s not helping. If you don’t create decent jobs, nobody has money left over to spend, so businesses tank, the businesses fire workers, and we all continue circling the toilet. The way out is to end the war on terror and the war on drugs, start taxing the rich again, and use that money for jobs, education and health care. Finally, stop voting for state and federal politicians who screw you over while letting the billionaires write our laws.
I have both cash and gold/silver holdings. Whichever way this wind blows matters not.
Extensive lead holdings too.
Your first mistake was buying high instead of buying low. Even though I was no financial wizard, I could see that there was an unnatural buying frenzy in silver.
Your second mistake was selling. If you still owned the gold and silver, you would be ahead on the gold, and the silver loss would only be on paper, soon to be recovered.
I traded for silver coins at face value through the 1970s. Then I sold in about 1982, the very week of the peak price. The men with the bags of cash showed up in my town and paid me 20 times face value for my silver, even for coins that were worn too slick to even tell what type of quarter, let alone what year. I also sold the gold I had, which was free because I had found it.
What I have now may never be traded for paper. I may trade it for goods someday.
Thx KY Mom for the FYI. All my fav sea foods you describe. In 2006, I could buy a 20 pound box of Alaskan king crab legs for $200. Today is is already double that. Maybe more now. I quit looking. The free turkey and deer are now out my front door and porch to the cottage as well as the fresh fish about 100 ft away enjoying the preserve. A baby quail wandered in to camp yesterday. Catch and release.. The solar is now running my A/C. Tonights low here in FL 80 degs. Ha. Preppers, the article about get your money out of thw bank and diversify….. here it is, did it done it, Check, check, check and more check.
WhoWuddaThunkIt , what kind of solar and AC set up do you have in FL? thanks
WhoWuddaThunkIt,
Sorry to hear the list includes all your favorite sea foods. I haven’t seen a lot about this in the news. I don’t trust the “toxic level checkers’.
Your new home sounds great! So peaceful too.
I pray you have found (or will find) a good woman to be with you.
There are still good men and women. Those of you still looking, don’t give up.
The Gold/Silver ratio is currently just under 58:1. Many have cited that the Gold/Silver ratio should be roughly 16:1. This was an historic level that existed largely prior to 1900 during periods when both gold and silver were routinely fixed prices. The ratio as a result was largely fixed as well. That was then but this is now. Since 1900, the Gold/Silver ratio has been far more volatile ranging as high as 100 to as low as 16/17 at the time of both gold and silver’s peak in January 1980. The ratio peaked once again over 100 in 1991 and since then has been on a downward trajectory hitting a low of 32 at the time of silver’s peak at $49.50 in late April 2011.
So gold @1186 with silver @ 16 and change makes for a ratio of 74. This in turn brings us to the following: Many commentators and analysts online like to point to this historical relationship between gold and silver. People even comment on the gold/silver ratio as far back as thousands of years ago. Silver was likely much closer in value to gold than it is today, perhaps at a ratio of 3:1 in medieval Japan and 2:1 in ancient Egypt, thanks to the lack of domestic silver mines in those kingdoms. Now fast forward as 53.22 is pretty much right on its 45-year average. But starting from that much lower base of ancient history, as silver and gold coins spread through medieval Europe the metals’ prices rose first to a 10 to 1 relationship. The ratio peaked around 14, and then eased back as silver gained value, before averaging around 12 silver ounces to each ounce of gold.
As time went by, silver would continue to be found in greater abundance than gold. As this became more apparent then we see the spread in the differential continue to widen, and in the early 18th century the Royal Mint in London set its ratio at 15.5 to one (which is approximately the geological ratio of silver to gold in the earth’s crust too). As recently as the early twentieth century we had gold and silver at a 20 to 1 ratio, when silver was coined as One Dollar and gold was Twenty Dollars in the USA.
Now however we are looking at the current gold/silver ratio above 70.
Some people will point to the January 1980 low of 14 to 1. At that time the silver market was being cornered by the Hunt brothers, making for an artificial – and very brief – low in the relationship. In 1991 we saw the high of 100 as gold hit $412 per ounce and silver remained around the $4 level. In the last ten years we have been as high as 80 and as low as 31.60.
So historically silver gold ratio has been all over the place but…. the ratio of availability is 19 to 1 to mine. SO>>
In a nut shell
2007 – For the year, the gold-silver ratio averaged 51.
1991 – When silver hit its lows, the ratio peaked at 100.
1980 – At the time of the last great surge in gold and silver, the ratio stood at 17.
End of 19th Century – The nearly universal, fixed ratio of 15 came to a close with the end of the bi-metallism era.
Roman Empire – The ratio was set at 12.
323 B.C. – The ratio stood at 12.5 upon the death of Alexander the Great.
Which brings us to this strategy:
The essence of trading the gold-silver ratio is to switch holdings when the ratio swings to historically determined “extremes.” So, as an example:
When a trader possesses one ounce of gold, and the ratio rises to an unprecedented 100, the trader would then sell his or her single gold ounce for 100 ounces of silver.
When the ratio then contracted to an opposite historical “extreme” of, say, 50, the trader would then sell his or her 100 ounces for two ounces of gold.
In this manner, the trader would continue to accumulate greater and greater quantities of metal, seeking “extreme” ratio numbers from which to trade and maximize his or her holdings.
Note that no dollar value is considered when making the trade. The relative value of the metal is considered unimportant.
58 to 1 was 2013 today it stands at 74 to 1
Thanks.02, I went through the Klondike gold museum. On the discovery claim they were taking an average 32 dollars per shovel full at 8 dollars per ounce. How fast can you dig? Give a man a fever.
Excellent work. Only thing you forgot to note is that today there is more AU (gold) extant above ground than there is AG (silver). Then there’s that whole thing with all the shorted silver…
Still, very good post. Thanks.
O2:
Great job on your silver run down and history.
I have been putting a little silver a way every since it was at 12 dollar an ounce and stop at around 38 dollars and once then started buying again at 20 dollars an once and I’m still buying. I sure hope I will make my money back on that 38 dollar stuff.
Thanks again for the history and the ratios.
S.T.S.F.P. N. Reb
So my bet would be and is probably going to be to accumulate more silver above the 70 to 1 ratio, wait for the contraction to hopefully historic levels of 35 to 1 or so and then do a switch.
The $4 Silver in 1990’s is basically the same low price today according to the dollar when you considet in inflation and the weakening of the dollar. I still say buy as much silver you can afford at or below the $16 magical buy point. WWTI~ Let er’ Rip!!
Is is best to buy gold coins in bullion, brilliant uncirculated or proof condition? Is it always best just to buy the basic product, for its gold content and not pay more for finer coin detail?
speaking of myself I just buy what ever coin is the best spot price. Rarity will have no bearing in a shft scenario and when it comes to trading the ratio, you want straight forward swaps as coin dealers might want to argue the rarity issue.
Oggie, in my experience dealers charge more for BU or proof when you buy, but don’t pay that premium when they buy from you. I would buy the based on cost per ounce. Government issued over bullion. US over Canadian, Canadian over Mexican or European. You want something average people will trust and recognize. Fractionals over ounces, even though a bit more expensive. Pre 1933 over modern.
Don’t overlook gold jewelry by weight. Also, jewelry grade US classic coins near spot. Find a shop that you feel comfortable with.
Agree on the BU. You won’t get that differential back in normal trading or investing. Still, I have a $100 bag of silver BU Dimes that will either buy my last loaf of bread or go to my children. I’ll spend the ‘average circulated condition’ first — when (if?) the time comes.
If you are the average male height of 5’10” and you weigh more than 170 lbs. you are OVERWEIGHT!!!!!!!
STOP EATING SO FUCKING MUCH!!!!!!!
I was running on the boardwalk last weekend and was revolted by the number of fucking fatasses. Even fat girls still wear skimpy shit trying to be whores.
If there is too much fat shaming in society then why are people still so FUCKING FAT???????
These are Faspak conformal fuel tanks, like F-15s use for transoceanic flights.
We will live on our fat while you die of starvation.
I can’t wait to see you all shriveled and begging for a mouldy biscuit.
They haven’t banned you yet?
Acid….do you ever stay on topic? Focus dude!
“If you are the average male height of 5’10” and you weigh more than 170 lbs. you are OVERWEIGHT!!!!!!!”
Bullshit.
I’m 5’7″ 170 lbs, and I am definitely NOT overweight.
Maybe you should get some more exercise.
“Hide Cash Under the Mattress” Check!
BigB
DIDN’T WE JUST READ THIS HERE A FEW DAYS AGO?
I have enough toilet paper.
Not me I don’t have any cash and if I did it wont be worth anything.
Buy P.S.s Food Band aids, Ammo, ECT. ECT. ECT.
Sgt.
Im with sarge on this one,
I try and keep a couple hundred in mostly ones put up, i figure if there
Is a Collapse or reset, there will be a short period where people may still
accept cash but i bet i dont last long.
I think silver boullion is probably a good bet, esp if gold is out of reach, silver
Has also been selling wayyyy below what its actuall value should be, and others have stated also, that one of the things we will see in silver before a collapse is a return to its true value, ive heard up to 40 to 60% increase, it will go up more after a collapse. so a couple hundred silver rounds could be just the ticket… Someone will have to introduce a new currancy to reset and whatever it is i bet it will be backed by metal… Silver could allow an average joe to start anew in a pretty good position,
Especially considering the majority will loose everything…
Like texas with thier gold depository, grant it its digital, but with silver i could still pay water bill( if they stay open) lol
Secret
SS – I hope that silver bouillon you are eating tastes good! 🙂 (should be bullion).
Not to worry though… I am the worst typist on the planet, and far outstrip you! 🙂
Not sure the purpose behind your post,
Ok i spelled a word wrong, big deal you obviously got my reference, im not going for my doctorate in linguistics.
As far as silver tasting good, you must take me for a fool if you think my only preperation steps was to buy silver, lol
Lol ok went back and read your post again, boullion,, like chicken broth…lol im going to blame auto correct and thats the story im sticking with…
Secret
TEST, why do you assume people who put aside silver haven’t already all of the basics..?
I agree with buying food, medicals and ammo, definitely. But going on what Fernando Aguirre says, cash will be king for a while. Gas stations and grocers will be turning down plastic before they turn down cash when the panic starts. When they start turning down cash, that’s when I’ll break out some silver to use.
Scout,
I think you are correct, at first CASH will be used as that is what has been here for 200 years and then it will go away and barter and silver and gold will rule the day. plastic will almost instantly be gone!
Paper or plastic?…
The day plastic becomes unaccepted will be a great turning point for this country to repair and heal. Credit is a big part of why we’re in such a mess.
WHEN THEY STOP TAKING PLASTIC, YOU WILL SEE ANGRY MOBS
WHEN THEY STOP TAKING CASH, YOU WILL SEE BULLETS FLYING THROUGH THE AIR
BUT IF YOU’RE ONE OF US YOU WONT BE THERE TO SEE ANY OF IT
BECAUSE YOU’LL BE SAFELY IN YOUR BOL
I have yet to see a speeding bullet. Aftereffects, oh yeah but never spotted it before impact.
By the time they start turning down cash, there won’t be anything to buy. The distribution networks that bring merchandise to the retail point of sale run only on electronic money. They cannot, cannot, run on cash.
When they start turning down plastic, the FSA will riot and clean out the store, long before any reasonable people have a chance to bust out their cash.
There won’t be a can of beer, bottle of wine or a bag of chips to be found… 🙂
OMG!!! Not the CHIPS!!!!
gotta agree with Sargt Dale on this one. you cant eat, milk, butcher or plant cash, gold or silver
What you will want cash for is the ‘last run’ to the stores. You can bet that banks will be shuttered, and ATMs will have limits. Stores will be open with whatever they have left — and when you start seeing that you will have a few days to grab whatever you can with whatever cash you have on hand — before the rioters and looters come out.
Don’t miss the point about silver and gold. In the most extreme scenarios they will not be worth as much as beans and bullets. But after some period of time commerce will resume, even on the scale of a farmers market or trading post. The ‘old cash’ will be worthless, so what are you going to walk into a trading post with in order to buy something? They will have a shelf full of beans, and a case full of ammo. How are you going to buy that anti-biotic or prescription medicine you need?
Likewise, when (if?) some order is restored, and a new currency is introduced. How are you going to pay your taxes? (You can bet that any new government will try to collect those — by force if needed). It’s at that time that gold and silver can be converted into the new currency and let you stay in your BOL.
Why I think Ill take me gold and walk around till I find someone who wants it….lol
why I think maybe when that other group gets done shooting those people I’ll take me gold for a ride… stand out in front of their place and say: ahoy there matties can I come aboard with me gold….
When shtf gold should not be anywhere near the top of the need list….. what exactly do you people with thoughts of gold and sugar plum fairy’s dancing round…. you think youll trade with? You go outside good luck with that….youll be shot quickly….. think millions of gun billions of rounds and no food or water… and that adds up to taking your gold down town and…. excuse me sir put down that gun I have Gold to trade….. I’m prepared ha ha now move….
When hope is gone it will be every man for himself for the most part… (every man will be a killer for food or family)
If you think the ONLY thing people are prepping for is a down grid (which is the ONLY thing that would wipe out plastic money) you’re too stupid to understand what the benefits of diversity are. Gold and silver are not saviors in SHTF. They’re a preservative after SHTF.
Might I suggest you put both hands firmly on your ears and pull sharply downward. The only other alternative is to shove a stick up your ass and pry your head out and that would likely leave marks.
The three B’s? Check, check, and check.
BigB
I think it is funny that the author is warning us to hide away our money.
Not for collapse preparation, but rather to keep the government from stealing it.
This really only applies to Europe and the Euro. In America, the government won’t steal it from our bank accounts, they will just PRINT MORE.
European countries can’t print euros, they can only tax it or borrow it.
Cash can be confiscated by a simple reissue of a new currency that has a percentage of it claimed for taxes when it it converted.
Cash is actually one of the least secure means of storing any significant amount of wealth. Less than a thousand maybe OK for emergencies, more than that and you are putting it at risk of loss through various forms of overt and covert confiscation.
True, but still better than losing 100% of your money because it was in a failed bank.
Don’t store paper money. Store coins. When currency is revalued and new bills are issued, they don’t replace the coins. So, if you had 100 dollar bills, and they revalued 100 to 1, you would end up with 1 new dollar. But if you had 400 quarters, you would still have 400 quarters that would spend like 100 new dollars. Thus, you would have 100 times the spending power by having stored quarters instead of paper dollars.
I have the nickels and pure copper pennies, but I also have all the other change as well just in case of revaluation.
Sorry Man, but it’s not necessarily true. During the hyperinflation of the 1980’s, the banks decided to no longer make all coins legal tender, so people decided to just melt the coins for metal value. As long as you have copper, you will be fine 🙂
IIRC, and it may have changed, bills can be revalued but coins have to be recognized at full face value.
Original Federal Reserve act or something.
Don’t have time to research it now and last time I did was about 30 years ago so I don’t remember all that much about it.
So, if you had 100 dollar bills, and they revalued 100 to 1, you would end up with 1 new dollar. But if you had 400 quarters, you would still have 400 quarters that would spend like 100 new dollars.
WTF are you talking about!!??
Unless the coins were made from silver or gold they’re still ONLY worth a percentage of a ‘dollar’.
When that percentage is “adjusted” for the new “currency”, you will have the exact same percentage of that dollar. They’re not going to tell people
“.gov will give you 1 Amero for 10 of your paper dollars, but they’ll give you 20 Ameros 40 of those pretty 2004 US quarters.” ??
Is THAT what you’re saying?
I’m sorry you don’t understand math.
When currency is revalued by issuing new bills, they don’t care about the coins because they assume no one has more than a few. So four quarters that could buy what an old paper dollar could, can still be spent after revaluation on what a new paper dollar can. In other words, you have to trade in your old paper money, but not the coins. If your money is in coins instead of paper, you come out ahead.
And you can keep your four-letter words to yourself.
Are you saying they’re going to replace dollars with dollars? If that’s the case, you’re right. But that’s not how this works. If they replace the currency, it will be with Amero’s or some similar cute term.
A quarter dollar with still be worth a quarter dollar, it will not be worth a quarter amero.
Math is easy. Common sense is difficult.
Our money is from the Federal Reserve, replacing it with a different money would require revamping -actually replacing- the original Federal Reserve act and creating an entirely new banking and monetary structure.
This won’t be easily done and will require multiple monetary crises first to get people conditioned to accept the idea. It would be during that interim period that the coins would be useful to retain full value, not afterwards.
I had not looked at it that way. It makes sense. I believe Mexico did something similar a couple decades ago when they devalued the peso, correct?
Thanks for educating the ignorant and my apologies for any attitude.
Lindsey Williams, Martin Armstrong And Alex Jones All Warn About What Is Coming In The Fall Of 2015
http://theeconomiccollapseblog.com/archives/lindsey-williams-martin-armstrong-and-alex-jones-all-warn-about-what-is-coming-in-the-fall-of-2015
this whole September/October thing may be an internet rumor run amok
but there are more and more people jumping on that band wagon
I think it might be the Ebola thing all over again. But who knows. Keep preppin.
Afaiac when cash is no longer accepted it is going to be booze, smokes, ammo, food, tampax, bic lighters etc. I have small faith in gold or silver as a trading medium when it really gets desperate. If there is no real time use for the item, what good will it be?
Check out Brietbart’s short summary of the dog’s breakfast scam of the TPP, if you have time. http://www.breitbart.com/big-government/2015/06/21/sen-sessions-slow-fast-track-now-before-its-too-late/ Another pass it to find out what is in it scam.
Disgusting.
I thought I just read that they passed it—then I also read they didn’t—then, they passed it (again)—why are they trying to confuse everyone? Are they hoping we’ll get disgusted and forget about TPP?
DID THEY PASS THIS FUCKING THING OR NOT? Anyone?
You damn skippy they passed it!!
You didn’t think the Republicans would do something that their constituents wanted… did you? /winks at KY Mom/
Here are a couple helpful articles for anyone new who is working on prepping…
Just type in the title in the search bar.
Titles…
When SHTF These 100 Items Will Disappear First
20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins
Thanks again, KY Mom.
Racial tensions are high people. Be careful out there.
https://wwwdotfacebookdotcom/TheLastOfTheBlackMen
How To Choose A Survival Seed Bank: Part 1
https://www.youtube.com/watch?v=ssuricKSw08
Thanks John, we’ll check it out.
Just ordered this bad boy coming this week.
https://www.youtube.com/watch?v=WHrt3rPomfM
The black rifle bug has bit me hard
Nice .02,just get plenty of feed for it,like now.
already have that covered.
This is an excellent story.
In the Great Depression crash, widows and the elderly were hit the hardest by the crash. They had been advised by financial experts that bonds were the safest place for their money. It wasn’t!
Banks failed, bonds failed, stocks failed. Everything except gold and silver failed, so the government plotted to steal that from the people, and they did!
They can’t steal anything, if they’re hanging by their neck from a tall tree…
New article:
http://antoniusaquinas.com/2015/06/22/banksters-responsible-for-irish-crash/
Stock up on Gas, propane and extra tanks, grilling charcoal, lighters-50 for $10 on Amazon, and all the hand tools that dont need electricity. I use hands tools everyday at my BOL.
I like my old Stanley egg-beater type drill. It is lighter than an electric drill and is just about as fast when drilling small holes in wood. I bought it at a junk antique store. They had two identical drills, except the one I bought was in better condition. They had marked the worse looking drill at a higher price because it looked more “antiquey.”
Buy lots of extra drill bits in all sizes. And get a tap and die set for threading into metal.
One note WWT. Do not buy those piece of crap lighters like Crickets. Stick with Bic’s. (Hey that rhymes)
BigB
x2 on the Handtools. I use them and prefer them over the electric and gas powered items, personally.
One of my favorite hand tools is Estwing’s Sportsman/Camp axe. All steel (don’t have to worry about a wood handle breaking), comfortable grip, and weighted well.
It will get it done when times are good or times are bad.
Estwing’s… Excellent choice. I also only use hand tools.
The real question is after the crash…. will there be a deflationary period or an inflationary period???
Crash is just a short word for major deflation. Do I really have to explain it?
It will clearly be DEFLATIONARY. First, credit will tighten, liquidity will shrink, and velocity will drop as markets crash.
Second, remember what QE was really all about: REPLACING the losses of the GB. Specifically,replacing dollars lost by devaluation of assets from bad loans.
Third, the number of dollars reaching main street will be much as it is today, but probably less, since many more jobs will be lost. This will accelerate the deflationary spiral down.
Fourth, expect an extended period of a two-tier economy like we have now, giving the GB and global investors an opportunity to assimilate foreclosures and other assets; re-price them for re-sale by the major banks to provide new profits, and new cash will be pumped into the military-industrial-complex for additional weapons and munitions to support the expansion of conflict in Europe and elsewhere.
Investor? Buy Raytheon, Lockheed, Colt, and Boeing. 🙁
Deflation destroys the wealth of the leveraged Middle Class, but increase the wealth of the Uber Rich. Inflation destroys the prosperity of the next generation, but enriches the Uber Rich.
Hyperinflation destroys the power of the currency in which the Uber Rich and Global Investment Class hold their wealth.
What will happen after a crash? Its a no-brainer. 🙁
Colt just filed for bankruptcy! damn kid, you need to pay attention
Ah, you took the bait. I know all about the BK. Yes, AGAIN, but there will come a moment in time when Colt shares will be a real opportunity, after the US gives them a new contract for black rifles to arm all those new kids serving a mandatory year or two of “service”. Connect the dots.
Speculate with Colt as you would speculate with silver. 🙂
They lost the black rifle contract to the Belgian company, F.N. Herstal in 2013. The Colt is a jamming pos. THEY WILL NEVER get the .gov contract back. Colt is a has been and the competition is way past their level. It is over.
.02: I am not defending the company or their product. Your description of Colt Defense seems oddly reminiscent of General Motors……. connect the dots.
I rest my case. 🙂
If you’re convinced Colt is going to get the government contract for WW3, and will actually be bought out by them, then why would you help the enemy by investing in their business, traitor?
You’re no better than Prescott Bush was, and other pieces of shit who played both sides of the table in WW2.
Buy colt you tell him lol….. chapter 11
There will be a BROKER THAN DIRT period…
Yes, for everyone without CASH or PM’s. These many tens of millions will likely have EBT cards to keep Wally World afloat, and the masses quiet, while the NWO turns the screws tighter in the name of “reform”….. reform of the US Constitution and the implementation of the North American Union.
The NWO can be eliminated overnight and at 500 yards. Death to traitors. Its totally Constitutional …. for as long as we have the Constitution. Engage. 🙂
That was so cute, you even said it with a straight face.
Death to traitors. Its totally Constitutional
Sadly, YOU are now the traitor and there’s not a single judge that will not hang you for killing a real traitor.
Durango Kid just admitted above that he’s investing in Colt, with the hope the government will buy them and give them the contract to make rifles for WW3, thus making him rich. Doesn’t that makes him a traitor too? And what was that saying…..”death to traitors”…?
Robespierre was quite shocked to be sent to the guillotine himself, I’m sure.
It’s been time to put cash under your mattress for 102 years now.
Thanks for that little bit about PM ratios 🙂
Well the South Carolina traitors just voted to take down the Confederate flag from the Capitol…
Though it be just symbolism at best…it’s another nail in the coffin for opposing the corrupt d.c cronies…
Long may you wave you Confederates!!!
possee
Buy tha license plate Possee, it should go over BIG in Mew York!!! 🙂
That pisses me off
So, I’m flying mine from this day forward I own 3
So if that makes me a racist , so be it .. It ain’t illegal (yet) to be racist
Come take mine down , feel lucky?
Stupid fucks .. The flag has nothing to do with slavery
But I feel the need now to stick it in their face
We all should go out and buy as many of the stars and bars that we can and make it seen EVERYWHERE!
I have the right to freedom of expression and I’ll back it up with my other rights , bring it if you feel froggy
This is part of my heritage many of my family fought and died under that flag and just like my guns , I ain’t giving them up or my heritage
http://spaceweather.com/
THANK YOU! !!! GOT my email from www ips government au. Says “The effects are to be significant. Increased awareness of critical infrastructure is advised. “
Sign up here! http://www.ips.gov.au/Products_and_Services/4/1
Awesome, I signed up. That pre-warning would make all the difference in the world for you and your loved ones. If we caught an X20 Flare like the one back in April of 2001 and its CME was earth directed, which it would be right now… lights out. What are the odds though right??
http://sohowww.nascom.nasa.gov/hotshots/X17/
Well, considering we’re on the end times I’d say the odds were very high.
Y’all keep preppin!
Thanks, but which alerts do you sign up for? There’s a lot there. 🙂
Severe space weather.
possee what happened to the south will riise agan. the blacks wanted to change our state name from its full title of state of rhode island and providence plantations it failed they said plantation was racist. us whiteys arent changing shit deal with it. anyway when the evacuation order is given by fema im going mattress hunting its gonna be the new gold rush.
Holy Sh~t Batman put cash under the mattress give me a break, cash is the last thing to have when the total crash happens, hell it’s (cash, FRN etc.) worthless now what make people think it going to be worth something after the crash. People get real, the game we are about to face is life and death plain and simple. Prepare now because there is no tomorrow.
I think this is pretty good article, Thanks.
Yes put some cash away. I have about 1/4 of my money in cash and the rest in silver. Here’s why:
1. cash will be good for a short time after the crash
2. it is easy to carry and you will find some people will take cash over silver or gold.????
3. after your cash runs out them you can use silver, by then everyone will know that it is real money.
4. in case of a fire you will not lose all your money, silver might melt, but it is valued by the ounce not the coinage.
Most of all have your beans, bullets, band aids and water first. Your money will not mean much if you die of thrust or hunger before you spend it. After the crash that dollar will not be worth much.
S.T.S.F.P. N. Reb
There is no recovery coming people, this is for keeps, your not gonna rebuild and do anything but fight for your lifes and hold out as long as you can till food or water or life run out…. food and water and guns and ammo is it… who will you trade with? When it fails who is stocked that youll friendly trade with and you dont plan on being out in the open do you? Damn you wont last and that gold will belong to another… this isnt 1929 – we arent going back to the old west type days….power goes off it stays off
You go ahead and plan with that belief system, and let me execute my plans, and we’ll see who lives and who dies.
If it just crashed then gold would be the way to go but when it is the plan to crash it, your not then gonna do your business long in their world when your not welcome
I think that when things settle down somewhat after a bad crash, readily identifiable silver and gold will be preferred for higher value local commerce- like silver eagle ounces, NGC graded gold in various denominations, liberty dimes, Franklin halves. Minted ounces with QE2’s profile on them will probably trade well too.
I have a test stone / acid pack that tests different gold content up to 22K, silver, and platinum. Cheap @ amazon. Also a digital scale, stored faraday safe when not in use.
Cannabis can function as a currency too. People will always be smoking it, even and especially when the world goes to shit. Same thing with tobacco, alcohol, etc.
Vegetable Soup Mix
In a blender combine the following dried vegetables: tomatoes, celery, onion, zucchini, peas, broccoli and carrots, and blend to a powder (enough to equal 1/3 cup).
1 T. cracked wheat
1/4 t. dried parsley
Pinch garlic powder
1 T. fine noodles or instant rice
1/4 t. dried sweet basil
Pinch onion powder
Salt & pepper to taste
Dry pack ingredients in a quarter size Mylar bag and seal. Directions: Add mixture to 2 cups boiling water. Allow to set covered for 5-6 minutes. Serves 1.
Beef & Barley Vegetable Soup Mix
1/2 c. barley
1/2 c. dried split peas
1/2 t. dried basil
1/4 c. dried carrots
3 beef bouillon cubes
1/4 t. ground black pepper
1/4 t. dried oregano
1/4 c. dried onions
1/4 c. dried celery dices (can substitute with fresh)
Additional Ingredients:
7 c. water
1 – 14 oz. can petite diced tomatoes, any flavor
3 stalks celery, diced if not using dried
Dry pack all dry ingredients in Mylar bag, seal and label. Directions for making soup: In large pot, bring water to a boil; add additional ingredients and bring to boil. Simmer for 1½-2 hours or until tender. Add meat of your choice if desired.
Rainbow Bean Soup
½ c. (or more) of each of the following dried beans:
red beans
great northern beans
Dried peas or yellow split peas
lentils
black beans
seasoning packet:
1 T. dried onion
1 T. beef bouillon granules
1 T. dried parsley flakes
1 t. dried basil
1 t. powdered lemonade mix with sugar
3/4 t. chili powder
1/2 t. pepper
1/2 t. oregano
Add-Ons: 1 14 oz. can petite diced tomatoes
Meat of your choice, if desired
Put all dried sorted beans except split peas and lentils, into Mylar bag. Put lentils and split peas into a baggie and put into Mylar bag. Put remaining spices and flavoring into a small baggie and put in Mylar bag; seal Mylar bag and label. Directions for making soup: soak beans overnight, rinse and add them to 4 cups of water. Bring to boil, lower heat; cover and simmer 45 minutes. Add 1can of tomatoes, the split peas and lentils and seasonings. Simmer another 45 minutes to 1 hour until tender, stirring occasionally. Y: 12 cups of soup. *Note: Ground beef, shredded ham or diced cooked chicken may be added to this soup.
Beef Noodle Dinner Mix
1 cup dry non-fat milk
1 T. onion powder
1 T. garlic powder
1 t. Black pepper
1 t. salt
1/4 t. basil
1/4 t. oregano
1 t. Paprika
1/8 tsp Cayenne
4 T. Brown Gravy Mix
1/4 t. ground celery seed
2 T. Cornstarch
Measure all ingredients into a large Ziploc bag, seal and shake until well combined. Y: about 26 T. mix
Beef Noodle Dinner
1- 12 oz. package egg noodles
1 ½ lb. of lean ground beef
7 ½ T. Beef Noodle Seasoning Mix
1 can mushroom stem and pieces, drained
6 ½ c. water
Brown hamburger & Drain. Add mushrooms & hot water. Stir in the seasoning mix. Add noodles and bring to a boil. Reduce heat to simmer, cover, cook 15-17 minutes. Remove lid and let gently simmer until sauce has thickened, stirring occasionally. *This dinner can also be dry packed in Mylar bags. Divide sauce mix between 3 baggies and pack in 3 Mylar bags with dry egg noodles and spice baggie in each.
Copperhead,
Thank you for sharing the soup mix recipes!
Thanks Copperhead — After accumulating dried and freeze dried food, I started planning recipes as well — and discovered how wonderful canned tomatoes are to tie things together like soup recipes and beans. I have cleared space on the old shelf for a whole bunch of canned tomatoes!
The only thing to live for now is the collapse, so good real humans can round up and arrest all the Corporatist Fascist GENOCIDAL evil monster money pig filth for TREASON, GENOCIDE and CRIMES AGAINST HUMANITY. ALL their shit stain accomplices in the Republican and Democrat parties of pure evil scum of the earth will also have to be rounded up for arrest right along with their Corporatist Fascist Puppetmasters. Real human beings have a lot of work to do after the coming collapse of the vile evil fascist shithole of the world, so the sooner we get started arresting these criminal fascist evil GENOCIDAL monsters, the sooner we can start rebuilding the fascist FEUDAL SYSTEM vile evil shithole of the world.
Instant Noodle Soup Mix
2 T. chicken-flavored instant bouillon
1 T. dried mixed vegetable flakes (try salad sprinkle in this)
1/2 t. garlic powder
1 T. dried parsley flakes
1 T. dried onion flakes
1/2 t. poultry seasoning
1/8 to 1/4 t. pepper
1 c. broken vermicelli or tiny soup noodles
In small bowl, combine all seasoning ingredients; mix well. Spoon into small plastic bag or container; add pasta. Shake and seal. Make it in a four-quart saucepan combine seasoning, pasta, and 6 cups water. Bring to a boil over medium heat, stirring occasionally. Cook over medium heat 5-7 minutes, or until pasta is of desired doneness, stirring frequently. Yield: 5, one-cup servings. May add one cup cooked cubed chicken, turkey or vegetables to the soup.
Tomato Soup Mix
4 T. Non-fat dry milk
2 T. tomato powder
1/8 t. Basil
Dash of salt
Dash of Pepper
Measure all into jar to store. Shake to combine.
Directions: Add mix to 1 Mug of Hot water, stir, let sit 2 minutes, enjoy.
Potato Soup Mix
1-3/4 c. instant mashed potatoes
1-1/2 c. dry milk
2 T. instant chicken bullion
2 t. dried minced onion
1 t. dried parsley
1/4 t. ground white pepper
1/4 t. dried thyme
1/8 t. turmeric
1-1/2 t. seasoning salt
Measure all ingredients in a canning jar or vacuum seal bag.
To Use: place 1/2 cup mix in soup bowl and add 1 cup boiling water. Stir until smooth.
Variations: Add 1/4 c. chopped ham & Cheese pieces Or 1/4 c. chopped broccoli Or 2 T. Minced Clams for clam chowder Or 1/4 c corn for corn chowder
Might want to cut out a spot to hide under the mattress to fool unwanted intruders, but they would check there because people hide things under and in their mattress. If things get real bad, you’ll probably need a fortress to ward off the crazed crowds. On another note, how phony is this Dylan Storm Roof debacle? Another false flag to disarm and demonize defensive weapon owners? I’m not saying people were not murdered in the church, just the details behind it seem fishy. The supposed shooter’s manifesto appeared on the net immediately after the event. I’ve read reviews that picked it apart as written by at least three authors, because of the wording and phrasing. Big pharma drug addled, mind controlled for sure.
Yes indeed. This is all constructed. And a lot of people are falling for it, too.
maybe I’ll hide all my dimes in 12 Gauge shells
EoS — Hoorah!!
Remember the DC mansion murders? Home invaders knew the family was wealthy. Tortured the little kid in front of the parents. Had a real stupid company employee deliver money to the outside of the home. He didn’t get suspicious? Then they finally killed the family after brutalizing them. Then set the home on fire to cover up evidence. Gird your loins, folks.
The suspects are just misunderstood black people who had long suffered oppression at the hands of wealthy whites.
Friend of mine is a homicide investigator. He had to go on the south side of Chicago (Englewood) to find a suspect. He had to have 8 other officers with him. When they pulled up near the suspects address, they saw 2 women stabbing each other outside on the street. A Chicago police officer was trying to break it up when he was surrounded by a mob of 40 thugs. So they had to forget about the suspect and save the Chicago copper. Just another day in Obamaland.
When there is no adhered to standard to determine the value of the medium of exchange instability and eventually kayos will become the norm.
With the above in mind when everyone looks one way its wise to look at other alternatives as most actions are reactive not proactive.
Biggest solar storm ‘in decade’
Huge solar storm hits Earth: power grid and GPS could be disrupted, but auroras might be seen
“The Earth is being battered by a huge solar storm, which could disrupt the power grid and GPS as well as letting people see beautiful auroras.”
independent dot co dot uk
Direct link…
http://www.independent.co.uk/life-style/gadgets-and-tech/news/huge-solar-storm-hits-earth-power-grid-and-gps-could-be-disrupted-but-auroras-might-be-seen-10338332.html
http://spaceweathergallery.com/aurora_gallery.html
I posted a note about an M6.6 solar flare yesterday, but a reply said that it was nothing. I guess it was something. There have been a series of small flares the past couple of days.
…..with earth directed CME’s. ……