Bruce’s Poor Man Bulletin
Your choice for urban survival resources
Inside this issue:
Precious metal buying protection tips
How to use gray water
Connect with a job club
Waste less food
#1 Halloween treat
Interview excerpt w/ Phil Donohue & Milton Friedman
Lots of mixed economic signals; the inside scoop
War, children, it's just a shot away
It's just a shot away (hey)...
- Rolling Stones, "Gimme Shelter"
More wonderful signs as to how the feds are screwing us
It's official now. The Fed said it in their meeting notes. And Bernanke said it again on Friday:
He's going to run the money printing presses.
It's the same trick we've seen in countries like Brazil, Argentina and Russia. It's the age-old tactic of GUTTING THE CURRENCY — this time targeting the most important one on Earth, the U.S. dollar…
The United States has piled on so much debt that world is going to abandon the dollar, says Jim Grant, founder and editor of "Grant’s Interest Rate Observer."
“By the numbers, we are more encumbered now than we have ever collectively been,” Grant tells the Business Insider.
The United States debt has soared to the point where people can expect to see the dollar get the same reaction as in the 1970s, Grant tells the Business Insider. He said that European hoteliers in the Carter years would ask American tourists if they could pay in anything but greenbacks.
“The world has expressed preference for currencies not called the dollar. It’s happened,” he told the Business Insider.
The dollar has fallen recently, including hitting a 15-year low against the yen after sluggish unemployment figures increased expectations that the government will inject cash into the economy, which weakens the currency.
“The market is in a state of anxiety over what’s likely to come from the Fed,” Lee Hardman, a foreign-exchange strategist at Bank of Tokyo-Mitsubishi UFJ in London, tells Bloomberg…
If you think about it, our nation’s financial problems didn’t start until the Fed & IRS were created, taking the printing press out of government hands and out-of-control spending into hands of politicians who didn’t have a clue or simply did not care.
One of my trusted advisors, Garry, who is a certified financial planner, stock broker, etc for decades, feels this is the path which will most likely take place…a slow decline in the value of our money, leading to inflation and hardship for more Americans, especially those on fixed incomes.
For those of who sell non-essential items for a living, those discretionary dollars will become mighty scarce, meaning lower and slower sales as most eBay sellers will tell you.
Ironically, in a weekend test I listed about a dozen books each on eBay and Amazon. Within two hours I had sold five books on Amazon and not one on eBay?!
Finally, did anyone notice how Parisians are launching massive protests about their government raising the retirement age to 62? The sheep in America would never do that even as our government has essentially raised the age to 70 and no COLA raise for retirees two years in a row…all the while, Congress-critters can retire with full benefits after only two terms…what a shining example!
There ought to be a better way than government to run the world!
Weekly tips n tricks to use
A step-by-step guide to wasting less food
Americans are notorious for wasting food. Each year, we toss out about 27 percent of edible food , and the average family of four throws out about $600 worth of groceries. Here's one way to visualize the collective impact of all the limp lettuce and moldy bread that makes its way to landfills. We waste enough food each day to fill up the Rose Bowl (a 90,000 seat stadium in Southern California), according to Jonathan Bloom, author of America... More on this story >>
Connect with a job club-faith-based job search groups can boost your search. Here are a few to get you started.
>Crossroads Career-national coalition of independent churches.
>Jewish Vocational Service-counseling, job placement, training, etc.
>Work Ministry-private firm that helps faith-based & community groups.
Every year in the US, 1.7 million hospital acquired infections occur, causing 99,000 deaths. A good place to avoid!
Whiten your teeth without bleach…you can spend a ton of bucks on products and dental services to get your teeth whiter-here’s a cheap way. Each bristle on this toothbrush is embedded with microscopic pellets of calcium carbonate…from Reach Total Care. Cost: $3 & up
Portable Water Purifier-works without electricity or batteries…
SteriPen’s purifier can filter water anywhere. First of its kind with a crank-powered ultraviolet light, which zaps toxins from water in its one-litre tank. Cost=$100
Another source for rewarding recycling…Check this program out for getting points toward gift certificates at 2,400 retailers including CVS, and Omaha steaks.
Sell your hobby equipment by hooking up with a club that might want the items:
Sell your DVDs & Cds…sure, you can always try eBay but this site will grab those dust collecting disks if they’re in good condition-prices vary by item but it’s worth a look see:
With the consent of the people…the Liberty Bell is silent!
Thanks to these FREE videos, I am getting some massive
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Beware China lest the west get mugged by reality in the coming currency wars…the Poor Man
Simple Ways to Collect Greywater
Place a bucket in the shower while you're waiting for the water to warm up
Save unused drinking water
Wash your dishes inside a dishpan instead of directly in the sink
Wash fruits and vegetables in a bowl of water, instead of under running water
Capture the rinse water from your washing machine
Use a bucket to scoop out your water after a bath
Ways to Use Greywater
Greywater can be used to water your indoor and outdoor plants. It can also be used to flush toilets. Just pour a bucket of greywater into the bowl, and the toilet will flush without the use of any fresh water.
Greywater Safety Tips
1. Water from toilets and dishwashers should never be reused.
2. Do not use water that is contaminated with fecal matter (the rinse water from a load of dirty diapers, for example).
3. Water that is contaminated with bleach and other harsh chemicals should not be used on plants.
4. Do not reuse excessively dirty dishwater.
5. Do not use greywater on edible plants.
6. Do not apply greywater to plants with a sprayer, sprinkler or hose, as this could spread any bacteria or chemicals present in the water.
7. Keep open water containers out of the reach of children and pets.
8. Use water within 24 hours of collection to avoid the spread of bacteria.
1. To eliminate concerns about the presence of chemicals in your greywater, switch to plant-based, phosphate-free cleaners for all of your household needs.
2. Some areas have rules about how greywater can be collected and used. Check with your local government before using greywater outdoors or before setting up a greywater system.
Why Bother with Greywater Collection?
According to OasisDesign, Greywater makes up 50-80% of the wastewater that leaves our homes. Just think how much your water bill would shrink if you started using that water twice
Precious Metal Buyers under government scrutiny
It should be apparent to most readers that the government is worried about any challenges it sees to its fiat currency system and the Federal Reserve System. Under the guise of so-called money laundering, non-governmental competing currency and drug cartel laws, the government monitors EVERY financial transaction you make which is why it’s nearly impossible to open any kind of financial account in the US without the socialist slave number or why the IRS has violated international law by going after offshore accounts in Switzerland and elsewhere.
In 2008 the Poor Man wrote about a group which offered subscribers an alternative to using fiat FRNs by using their pure silver Liberty Dollar instead. Evidently, the FBI felt their small operation threatened the FRN and they seized all the gold and silver being held by the group.
Another private precious metal ’currency’ in the cross hairs of the FBI is e-gold, which after government harassment, now requires a ton of private identification of its members due to such scrutiny and possible confiscation by government agents.
Because you never know what shenanigans Congress will pull, such as when Roosevelt confiscated gold from American citizens (you cannot trust these congress-critters) we suggest purchasing precious metals via local flea markets and dealers who do not request personal identification for purchases under $10,000. In 2011 there will no longer be any constitutional checks and balances on IRS intelligence gathering so the agency can extract more money from business owners, et al…essentially, anti-citizen senators including Sens Max Baucus (D) and Charles Grassley have pushed for less stringent laws to allow IRS fishing expeditions, essentially ripping out protections of the 4th and 5th Amendment rights
Here's a source for silver to consider...forget the bailout, we need a life raft-check the video
No Easy Fix for Unemployment
Despite talk of America’s recovery, unemployment rates remain stagnant.
Many components are at work creating this negative job environment. By not providing a secure tax future before adjourning for elections, Congress has left many businesses in limbo as to whether they can survive the year ahead. A crashing housing market has left many American families in over their heads and unable to move to a better
Read the rest of this interesting insight at: http://blog.getliberty.org/default.asp?Display=2713
On a related note, a recent Wall Street Journal report shows another effect of the recession…
Growing numbers of Americans with health insurance are walking away from their prescriptions at the pharmacy counter, the latest indication that efforts to contain costs may be curbing health-care consumption.
A review of insurance-claims data shows that so-called abandonment -- when a patient refuses to purchase or pick up a prescription that was filled and packaged by a pharmacist -- was up 55% in the second quarter of this year, compared with four years earlier….
As we reported previously…
Thanks to the recession, 2009 was one of the worst years for poverty in America in more than half a century. The total number of Americans living in poverty hit 43.6 million, the highest level in 51 years and the national poverty rate rose to 14.3 percent from 13.2 percent, according to data released last month by the Census Bureau.
All told, one in seven Americans are living in poverty. To visualize America's startling rise in poverty, Mint, the personal finance site, put together this interactive chart…
…Ironically, Deutch Bank in Germany is reporting the US will not experience a double dip recession and will do well in the coming year…despite the fact the US is now ranked #8 in the world by Forbes magazine in terms of being competitive.
Walmart Rolls Back Rollbacks: Food Prices at Two-Year High
Walmart has rolled back its rollbacks. Earlier this year, the retailer tried to spark sluggish U.S. sales by lowering its prices - already bargains - even further. One analyst called it "an initiative that screams: Price! Price! Price!" These rollbacks, as they are known in Walmartspeak and in the company's advertising, were intended to overwhelm the shopper. In May, according to one shopping website, the price of a 40-oz. bottle of Heinz ketchup, which had been $2.42, was chopped to $1. Kraft mac and cheese, which had been going for $3.58, was reduced to $2.50. The rollback of a 50-oz. bottle of Tide laundry detergent, which was priced in the $7.48-$8.12 range, gave shoppers a $2.50 discount. Walmart expected a flood of customers to its stores, which would help lift the company's stock out of its rut and get Walmart rolling again.
Corrupt lawmakers from both sides of the aisle are polluting Capitol Hill, but you don’t need me to tell you that. So today, CREW released The Most Corrupt Members of Congress: Unfinished Business. The report highlights in clear detail the need to strengthen the Office of Congressional Ethics (OCE), and create a similar independent ethics office in the Senate. We figured there was no better way to do that then by highlighting the actions of this motley crew of lousy lawmakers, who still belong to an institution that is supposed to be policing itself?
Parting thoughts & Observations…
More states at risk for going broke-what it means
California tops the list for its risk of insolvency. Some other top states going broke include: Illinois, Michigan, Nevada and New York…no big surprises there. State budgets have been squeezed (just like the middle class) but have been slow to reduce their workforce or high cost benefits.
Fiscal failure odds can be accelerated by lack of leadership over tough spending cuts, no more federal bailouts, investors refusing to invest in new muni bonds, etc. While states cannot declare bankruptcy, they can default on their obligations or issue IOUs like CA…Arkansas did this during the Great Depression. Many cash strapped cities in those states will no longer get state aid either if this takes place. I see this as a strong prelude to the coming crash and another warning sign…based on reports of 10/13 I see more reason to remain soured on our economic picture and this will hurt states too…
The dollar is a mere THREE-TENTHS of ONE PERCENT away from making all-time RECORD lows against ALL major currencies!
Not only is the U.S. still mired in the worst economic disaster since the Great Depression ...
Not only is the Fed embarking on unprecedented misadventures to boost inflation ...
But we ALSO face one of the most historic Congressional elections, ever!
What will happen?
There is no question in my mind that, in this teetering economy ...
We will see, as I indicated two issues ago, a tug of war between a more conservative Congress and a more aggressive Fed backed by the Obama administration ...
Consumers and investors are running for cover. Enjoy the following excerpt from the Phil Donohue show…
Phil Donohue: When you see around the globe the maldistribution of wealth, the desperate plight of millions of people in underdeveloped countries, when you see so few haves and so many have-nots, when you see the greed and the concentration of power, did you ever have a moment of doubt about capitalism? And whether greed is a good idea to run on?
Milton Friedman: Well first of all tell me, is there some society you know that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed? Of course none of us are greedy. It's only the other fella that's greedy. The world runs on individuals pursuing their separate interests. The greatest achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way. In the only cases in which the masses have escaped from the kind of grinding poverty that you are talking about, the only cases in recorded history are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it's exactly in the kind of societies that depart from that. So that the record of history is absolutely crystal clear, there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
Phil Donohue: Seems to reward not virtue as much as the ability to manipulate the system.
Milton Friedman: And what does reward virtue? You think the Communist commissar rewards virtue? You think a Hitler rewards virtue? Do you think... American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of political clout? Is it really true that political self-interest is nobler somehow than economic self-interest? You know I think you are taking a lot of things for granted. And just tell me where in the world you find these angels that are going to organize society for us? Well, I don't even trust you to do that.
-- Milton Friedman
(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"
Source: Phil Donohue interviews Milton Friedman, Feb. 11, 1979
In politics there is an old saying…’it’s not who wins or loses, but who gets to control the wreckage.’ When the private sector falls apart it will be more easily dominated by the state (and/or the federal reserve, Washington’s most powerful puppet master)!
On another note…the number one candy of choice for trick-or-treaters is the Snickers Bar!
Yours for better living - the Poor Man Ghoul!
Don't Get Caught With Your Pantry Down-New 11th Ed.
A Shallow Planet Production…feel free to share!