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Are you Prepared?

Expert Warns of Financial Meltdown. “The Whole System Will Be Wiped Out.” July 29, 2017

For years there has been a lot of financial noise. While many of us are novices at understanding stocks and economics, one thing is for certain, things are not right. In fact, our economy has not been right since the government’s rescue attempts on the “too big to fail” corporations and the housing bubble that peaked in 2006.

But how much longer can they prop up our financial system? Economic advisors such as Mark Armstrong, developer of the Economic Confidence Model theorizes that boom-bust cycles occur once every 3,141 days, or 8.6 years (the number pi multiplied by 1000)

His charts warn of a global economic shift occurring where many trends will have reached their life cycle in 2017. If you have been following the stock market, you are well aware of the incredibly inflated stock market prices and over priced real estate markets.

There are strong parallels to this current market and that of the stock market crash of 1929. Stocks are overvalued and have shattered record highs in recent years and only seem to continue climbing. But, as history dictates, what goes up will come crashing down.

1929 stock market crash versus today
Market expert, Lynette Zang, Chief Market Strategist at ITM Trading.com recently gave grim predictions of what all of this means and warned that she has never seen a market as rigid as this market is. She’s been studying the market for so long she feels that the overly inflated market we are seeing is intentional and will pop.

So when will we see this financial crash? Zang states that in the next five years, the central bankers will put mechanisms in place to pull the plug and issue a massive reset. Anyone with a brokerage account, 401K, pension, IRA, or any wealth held inside of the system will be wiped out. The system will be reset. This sounds eerily similar to the Greek crisis, doesn’t it?

In an interview with Greg Hunter from USA Watchdog, Zang goes into detail of what to expect when this current financial cycle resets and explains what the warning signs she saw that triggered these startling predictions. Folks, it’s not pretty.

If You’ve Yet to Prepare, the Time is Now

Unlike the recession of 2008, this economic beast will not be held off. There will be extensive amounts of wealth lost leading to drastic cutbacks by consumers. As well, you can anticipate food prices to increase even more than they have over the last few years. In fact, the price for food has drastically risen since the last recession; and according to this chart, prices are set to steadily increase with this next crisis.

food-inflation-since-2010

How to Limit Your Exposure to the Next Financial Crisis

  1. Get prepared. At the very least, buy food, products, and supplies in bulk to help you prepare for price inflation. If you have the means to do so, invest in 30-60 days worth of supplies so that you have everything you need. Having these on hand will help you if times become more difficult. This best-selling book, The Prepper’s Blueprint is a step-by-step reference manual to help insulate you from these types of emergencies. As well, if you can manage, get out of debt, organize your finances and find ways to free up some of your income for an emergency fund to help you create a personal safety net – but keep it out of the banks and out of the market.
  2. Look for secondary events. When the system itself is no longer able to support the tens of millions of Americans secondary events will only increase. Events such as travel restrictions, wealth confiscation, food shortages, squatters rebellions, riots, and martial law.
  3. Preserve wealth. Choose hard assets (dry goods, precious metals, land, livestock, skills, etc.) for long-term investments so they will hold their intrinsic value over time. Holding these types of investments will insulate you from inflation and other economic losses. Further, tying your money up in assets will help you avoid the inflating prices of food sources in the future, thus furthering your cause of self-reliant living.
  4. Invest in food. One thing analysts and financial pundits agree on is that, in general, commodities will continue to rise. Using a combination of shelf stable foods, you can create a well-rounded food supply to depend on when an emergency arises. Further, these foods last a lifetime and would make sound investments for future planning. Ideally, you want to store shelf-stable foods that your family normally consumes, as well as find foods that are multi-dynamic and serve many purposes. Dry goods like rice, wheat, beans, salt, honey, and dry milk will provide you with an investment that will grow in value as prices rise, and also offer you peace of mind in case the economy further degrades.
  5. Learn how to grow your own food. In a homestead environment, a person wants the land to work for them as much as possible. Invest in fruit trees, seeds, and garden supplies. If you really want these peak foods, find a way to grow them yourself. Further, if you live in a rural area, consider investing in trees and bushes that will lure wild game. The trees and bushes can provide you with added sustenance and help you stock meat in your freezer. Here is a how-to guide for creating a garden quickly.
  6. Raise your own food. Rather than paying hard-earned money at the store for eggs, poultry and dairy—raise them yourself. Chickens are very easy to care for and can provide you with meat and eggs throughout the year. Additionally, you can find substitutions for these peak foods with a little research and ingenuity. For example, rabbits would be a suitable protein replacement and can even be raised in more urban areas. Similar to chickens, they don’t require much care and with some effort can be fed from the homestead’s garden or you can grow fodder. They are also great breeders and will provide you with ample amounts of meat. These are the 10 best meat rabbit breeds. As well, for the modest price of purchasing a fishing license, you can stock your freezer with fresh-caught fish.
  7. It all adds up. Again, do what you can to pay off debts ahead of time and work to restructure your outgoing funds to lower your expenses as much as possible. Debt only enslaves you further, and finding ways to detach from the system will break those shackles. As well, look into finding additional income streams. The more income you can set aside, the better off you will be. That way, if your main income dries up, you have a fall back income and won’t have to go into default.

 We Have a Choice

This economic crisis is projected to hit much harder than the 2008 recession and will last longer. The truth of the matter is that we stand at the brink of a precipice and the choice is yours to make: you can ignore the telltale signs or get ready and brace yourselves for it. It’s time to get ready because it’s about to get real.

The Prepper's Blueprint

Tess Pennington is the author of The Prepper’s Blueprint, a comprehensive guide that uses real-life scenarios to help you prepare for any disaster. Because a crisis rarely stops with a triggering event the aftermath can spiral, having the capacity to cripple our normal ways of life. The well-rounded, multi-layered approach outlined in the Blueprint helps you make sense of a wide array of preparedness concepts through easily digestible action items and supply lists.

Tess is also the author of the highly rated Prepper’s Cookbook, which helps you to create a plan for stocking, organizing and maintaining a proper emergency food supply and includes over 300 recipes for nutritious, delicious, life-saving meals. 

Visit her web site at ReadyNutrition.com for an extensive compilation of free information on preparedness, homesteading, and healthy living.

This information has been made available by Ready Nutrition

Originally published July 29th, 2017
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Don’t Move to These States; They’re in Serious Financial Trouble April 11, 2017

Maybe you’re looking for a fresh start. Or perhaps you’re looking to find a different job, or you’re trying to get out of the city. Whatever the case may be, when you’re looking for a new place to live there’s a lot to consider. And if you’re thinking of crossing state lines to find a new home, there’s one vitally important detail that you need to think about and research.

Most people don’t consider this, but you should really look into the financial stability of any state that you’re thinking about moving to. If worse comes to worse, and the economy collapses, you want to make sure that the state you live in is fiscally responsible. States that have high debts and low credit ratings are living on the edge. Any major economic event could push them into bankruptcy.

That means pensions could go unfunded. Public services like law enforcement and firefighting would be understaffed. The infrastructure of the state would crumble, and public education would be decimated. Taxes would likely be increased, which would only exacerbate the financial problems of the state because businesses would leave, leading to more unemployment and a smaller tax base. Obviously, all of these factors could contribute to the risk of civil unrest.

In other words, any financial calamity that occurs at the national level, would be magnified at the state level.  The economy of these states would fall into a tailspin, which would make life for the average person exceedingly difficult.

So which states should you avoid? There are three factors you should look out for. There’s the amount of debt as a percentage of the state’s GDP, the amount of debt per person (debt per capita), and the state’s current credit rating.

The 10 states with the worst debt to GDP ratios are:

  • New York-22.71%
  • South Carolina-21.31%
  • Rhode Island-19.40%
  • Washington-18.83%
  • Florida-18.65%
  • Kentucky-18.50%
  • Illinois-18.45%
  • Connecticut-17.52%
  • California-17.18%
  • Pennsylvania-17.17%

The 10 states with the most debt per person are:

  • Massachusetts-$11,337.63
  • Connecticut-$9,297.33
  • Rhode Island-$8,919.27
  • Alaska-$8,516.41
  • New Jersey-$7,517.15
  • New York-$7,040.97
  • Hawaii-$6,194.64
  • New Hampshire-$6,152.00
  • Delaware-$5,962.86
  • Vermont-$5,259.69

And perhaps the most important factor is the credit rating of any given state. This gives you a good idea of how investors think a state will fare financially in the future, as opposed to a state’s current financial woes. According to credit rating agencies like Standard and Poor’s, as of last year the states with the five worst credit ratings are:

  • Illinois-BBB
  • New Jersey-A
  • Kentucky-A+
  • California-AA-
  • Connecticut-AA-

Though those ratings don’t look too bad, it’s important to keep in mind that those states have had sub-par credit ratings for a long time. There’s no indication that they’re going to get their act together any time soon, because they’ve been teetering on the edge for years. When the next wave of the economic collapse hits, these states (along with states that topped the first two lists, such as New York, Rhode Island, Massachusetts, South Carolina, and Connecticut) are going to be the first to feel the pain.

Think of it like this. If a storm arrived and threatened to flood a community, the homes that were built in low-lying areas are going to be underwater first. These states are like the houses near the river. So if you’re planning to move, look into the financial stability every state you’re considering, and seek higher ground.

Joshua Krause was born and raised in the Bay Area. He is a writer and researcher focused on principles of self-sufficiency and liberty at Ready Nutrition. You can follow Joshua’s work at our Facebook page or on his personal Twitter.

Joshua’s website is Strange Danger

This information has been made available by Ready Nutrition

Originally published April 11th, 2017
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Intelligence Insider: How To Protect Your Assets From Critical Infrastructure Failure February 1, 2017

cyber-warfare
Intelligence insider Jim Rickards has previously warned of asymmetric attacks using cyber warfare, financial warfare and domestic disasters involving chemical, biological or radiologicial events. The threat is multi-faceted and the consequences of such an attack, whether it takes the the form of state-sponsored cyber financial warfare or a rogue terrorist group detonating a dirty bomb, could act as a destabilizing event that wipes out everything from our power grid to the wealth stored in your digital financial profiles.

Having worked directly with intelligence agencies simulating and war-gaming the potential fall-out that could result, in his latest interview with Crush The Street Rickards explains the distinct Doomsday scenarios that could instantly collapse life as we know it in America today… and how to prepare for them.


These things are actually happening and your digital wealth is vulnerable to a number of calamities… critical infrastructure failures… whether it’s power grid, banking system, cyber financial warfare, etc.



(Watch At Youtube)

Last month cyber thieves figured out a way to steal $100 million from the central bank account of Bangladesh via the U.S. Federal Reserve. They could have gotten away with $900 million more had it not been for a small typo. The point, as Rickards notes, is that there is a realistic possibility of a much larger-scale attack that targets not a central bank, but the direct holdings of every bank account in America.

The only tool you have at your disposal to protect from such an attack, says Rickards, is gold:


You never want to go all in… I am saying that 10% of your wealth… put it into physical gold… put it in a safe place and that will be immune from power grid outages, exchange closures, digital asset seizures and cyber financial warfare.


And while the potential for a serious calamity that would affect our digital monetary systems is a compelling reason to own gold, in his book The New Case For Gold Rickards explains that a global monetary collapse is also in the cards. And that means gold could one day become the de facto global currency as confidence in a global economy awash in fiat money is lost.

In the interview Rickards takes on analysts who say that a currency cannot be backed in gold, arguing that supply of the precious metal through current official holdings, private holdings and existing gold mining operations is sufficient to support well managed currencies. And countries that refuse to follow sound money policies, he says, will simply have worthless currencies that will not be accepted on the world economic stage.


That’s the whole point of the gold standard… it’s to force governments and countries to do prudent things.

As it is now there’s no standard… there’s no enforcement mechanism… there’s nothing.

I’ve spoken to Ben Bernanke and the head of the IMF about it and they both used the same word to describe the international monetary system… it’s incoherent.


It appears that a gold standard is the end-game for countries like China and Russia considering that they have been aggressively accumulating the metal in recent years. And while the United States may maintain a monetary hegemony over global affairs right now, there will come a time when that will no longer be the case. With gold being used to back currencies, prudent monetary policy will be rewarded.


If people had confidence that you were doing the right thing they would happily sell you the gold…  if they lack that confidence [in your currency] they wouldn’t sell you the gold… but that is a market signal telling you you’ve got the wrong policies… you’ve lost the confidence of your citizens.


But we’re not there yet. A global monetary reset needs to happen first. And that means the government and Federal Reserve are going to stay the course, including quantitative easing for the people,  no matter how disastrous the next round of policies may be.

As Rickards suggests, this makes the case for $10,000 gold quite strong, because they will continue to push low or no interest rate policies while printing even more money to stem off a potentially deflationary environment.


Deflation is good for citizens… inflation is good for government. But if you’re fighting the government, the government will win in the long run even though it’s taking longer than they thought.

At the end of the day they’ll get the inflation… and you’ll be glad you have some gold. 


 

Check out Jim Rickards’ latest book The New Case For Gold.

For more interviews like this one visit CrushTheStreet.com. To learn how the smart money is positioning for gold’s bull run by acquiring precious metals assets click here.

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This information has been made available by Ready Nutrition

Originally published February 1st, 2017
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