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Monday, June 27, 2022

The Economy, Under Biden, Will Collapse-18 Signs

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 


“The Economy Is Going To Collapse” –  18 Signs The Economic Meltdown We Have Been Waiting For Has Already Begun

In all my years of writing, I have never seen more economic pessimism than I am seeing right now.  Over the past couple of months there has been a monumental shift in public sentiment, and now just about everyone realizes that we are heading into very troubled economic times. 

Of course there were still a few economic optimists that were searching for a ray of hope, but the Federal Reserve left no room for optimism when it announced the largest interest rate hike in 28 years on Wednesday.  When the Fed aggressively raised rates in the early 1980s, it resulted in one of the most painful recessions in American history.  Unfortunately, many believe that what is ahead of us is going to be even worse.

For example, legendary Wall Street investor Michael Novogratz is openly warning that “the economy is going to collapse”

“The economy is going to collapse,” he told MarketWatch. “We are going to go into a really fast recession, and you can see that in lots of ways,” he added.

“Housing is starting to roll over,” he said. “Inventories have exploded. There are layoffs in multiple industries, and the Fed is stuck [with a position of having to] hike [interest rates] until inflation rolls over.”

Novogratz is correct, but I think that it would be more accurate to say that “the economy is already starting to collapse”.  The following are 18 signs that the economic meltdown we have been waiting for has already begun…

#1 Stock prices have been plummeting in recent weeks, and that has resulted in almost 3 trillion dollars being erased from retirement accounts in the United States…

The U.S. stock market rout that has put U.S. equities in a bear market isn’t just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It’s also taking a toll on Americans’ retirement savings, wiping out trillions of dollars in value.

The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.

#2 The Dow Jones Industrial Average fell beneath the psychologically important 30,000 barrier for the first time in more than a year on Thursday.  If it cannot return to that level within the next few trading sessions, a lot of investors are really going to start to panic.

#3 The Dow is now down 19 percent from the all-time high.

#4 The S&P 500 is now down 24 percent from the all-time high.

#5 The Nasdaq is now down 34 percent from the all-time high.  Just think about that for a moment.  A third of the value of the Nasdaq has already been wiped out.

#6 Two-thirds of the value of all cryptocurrencies has already been wiped out since the peak of the market.  Last November, the total value of all cryptocurrencies had soared past the three trillion dollar mark.  As I write this article, that number has fallen to less than a trillion.

#7 This week we witnessed the fastest rise in mortgage rates since 1987.  Needless to say, this is going to absolutely devastate the housing market…

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan this week rose to 5.78% from 5.23%, the latest in a series of rapid increases and the biggest one-week jump since 1987. The rate is well above the 2.93% recorded just one year ago and marks the steepest level since November 2008.

#8 The largest percentage of sellers ever recorded reduced the list price on their homes during the four week period ending June 12th.

#9 In some parts of the nation, home prices have already fallen by as much as 20 percent.

#10 Compared to the same period a year ago, the total number of mortgage applications was down 52.7 percent last week.

#11 We just learned that housing starts in the U.S. fell 14.4 percent in May.

#12 The number of permits for the construction of new homes was down 7 percent in May.

#13 Wholesale prices continue to accelerate at a very alarming pace

Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.

The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the month and 10.8% over the past year. The monthly rise was in line with Dow Jones estimates and a doubling of the 0.4% pace in April.

#14 The Atlanta Fed’s GDPNow tracker is now projecting that economic growth during the second quarter will be 0 percent.

#15 The Philadelphia Fed Business Index came in at a negative 3.3 reading for the month of June.  This represents the first contraction since the early days of the COVID pandemic.

#16 One recent survey discovered that small business owners are “feeling their gloomiest in nearly five decades”.

#17 At this point, 59 percent of manufacturers in the United States believe that a recession is coming.

#18 Bloomberg is projecting that the probability of a recession during the next 24 months is 98.5 percent.

But this was not supposed to happen.

Last year, the talking heads on television assured us that a golden new age of prosperity was just around the corner and that the stock market could just keep going up indefinitely.

In fact, many of those talking heads were telling us things that now look completely and utterly ridiculous in retrospect.




Here’s Undeniable Proof That Another Great Recession Is On The Horizon

 

$COIN a year later pic.twitter.com/993EJ5CmLf

Our leaders thought that they could defy the laws of economics, and for a while their “economic voodoo” seemed to be working.

But the truth is that every time they kicked the can down the road they just made our long-term problems even worse.

Now we have reached a point where the immediate future looks extremely bleak, and the outlook for our long-term future is absolutely nightmarish.

If we would have made much different decisions along the way, we would not be facing such a horrifying crisis today.

Unfortunately, what is done is done, and now we get to reap the consequences for the very foolish decisions that our leaders have been making.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

 

SIDEBAR

Climate change and global warming have transitioned from a vague threat people used to get us to recycle our single-use plastics to a looming reality. Even if we stopped all emissions right now, it would still take decades for existing impacts to subside.
FIND OUT HOW TO TURN YOUR SHED INTO A COMPACT AND EFFICIENT GREENHOUSE!


FOOD PRICES WILL SKY ROCKET EVEN MORE IN THE COMING YEAR…Biden is killing the Middle Class!

https://youtu.be/tl80dQD3RmQ

 

 

How to Catch and Cook Mice and Rats

 

Many of us have enjoyed the taste of wild game, from venison to rabbit and even squirrel. It’s a good bet that few of us have spent any time pondering mice or rats for dinner. That’s no surprise, but in many countries and cultures, mice and rats are a regular part of the menu.

A lot has to do with the culture and conditions in a society. In many parts of Asia and Africa, eating mice and rats is both accepted and routine. For many people in those areas, mice and rats are part of their regular cuisine, so there’s no hesitation when they show up at a meal.

There are also numerous examples of societies in turmoil due to civil war, drought, or economic collapse resulting in desperate efforts to find the most basic nutrition. In that regard, mice and rats define that basic nutrition, particularly as a source of protein...

How to Catch and Cook Mice and Rats


You may also like...

How to Cook a Squirrel

 

53 Ways to Embrace Frugal Living

To some people like MrConsumer, living cheaply comes naturally through years of practice. But now, with inflation at record highs, some folks may be joining the ranks of the thrifty. Here are 53 ways to help you stretch a buck.

 

No Surprise: Survey Finds That Trust In Mainstream News Is Rapidly Declining

 

IN THE MEDIA

Media Corruption Further Exposed By Pulitzer Board Refusing to Rescind Awards for 'Russia Collusion' Hoax

Read More

 

USEFUL STUFF…

The Controlled Demolition of the Economy

The latest economic reports indicate inflation is at the highest rate in 40 years!  Economists predict it will get worse this year and most folks are seeing shortages at their local supermarket.

The Deep State Survival Guide-2022 edition

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Includes photocopy reprint of How to Start a Prepper Group

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Natural disasters don't wait for a convenient time

And you shouldn't wait to prepare either. In some cases there is little to no warning.

Prepare now to lessen the impact of disasters and emergencies

 

Remember:  You can’t buy life insurance after you’re dead!

Better –Safe- Than- Sorry Super Survival Kit

Your Emergency Survival Kit Includes:

·        4Patriot Solar phone charger

·        72-hour emergency food pack [25 year shelf life+3 Bonus Meals]

·        Solar/Hand crank 4Patriot emergency radio

·        4Patriot Greens sample pack [Power supplement]

·        3 Luna Nutrition bars [assorted]]

·        Cleaning Wipe Pack+Personal Hygiene kit

·        Emergency Rescue Blanket

·        2-PackHand Warmers

·        Steel River Emergency Tent

·        Emergency Poncho

·        Deck of Playing Cards

·        Mini [42 piece] First Aid kit

·         American Natural Superfood sample

·         MACE Triple-action Police Model pepper spray/UV Dye

·         Face mask

And more-Full Details at:

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Free enterprise, limited government, individual freedom!

 

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You Can’t Buy Life Insurance After You’re Dead

Not Prepared? 

That's Bad News...


You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

 

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A Smoking Frog Feature, Shallow Planet Production

 

 

Thursday, June 23, 2022

Lack of civility hurts our nation

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 


Is a lack of civility in political discussions going to tear America apart?

Most Americans seem to believe we are experiencing a political divide like never before seen in America. Such a belief belies history. Sharp political divide and resulting demonstrations have been a part of the American body politic since the beginning.

In the early 1790s the nascent political parties, Federalists and anti-Federalists (later Jeffersonian Republicans), divided sharply over how to respond to the French Revolution and the French Revolutionary Wars, with Federalists favoring allying with Great Britain and anti-Federalists favoring the French.

President George Washington issued a neutrality proclamation in May of 1793 over the protests of members of both parties. American merchants continued to trade with both England and France.

But as hostilities between England and France escalated the British began seizing American merchant vessels attempting to trade with France. After they had seized hundreds of ships and their cargo, Washington sent Supreme Court Chief Justice John Jay to work out a treaty with the British for the return of the ships and deal with some business left over from the American Revolutionary War that weren't solved by the Treaty of Paris.

The terms Jay worked out fell short of Washington's expectations and angered both political parties. The controversy over the treaty's terms sent Congress behind closed doors for negotiations. The more Americans learned about the treaty's terms the less they liked it.

When demonstrations opposing the treaty broke out they often included the chant:

"Damn John Jay! Damn everyone who won't damn John Jay! Damn everyone who won't stay up all night damning John Jay!"

Jay was burned in effigy during many demonstrations that included pushing and shoving. Secretary of State Alexander Hamilton was heckled when he appeared at a meeting in New York to explain the benefits of the treaty. Some in the crowd even threw stones.

Of course, the difference between those demonstrations and the ones we are seeing now is obvious. Those were grassroots demonstrations carried out by Americans who understood threats to liberty posed by government.

Today's demonstrations are AstroTurf elitist-funded and fueled riots that are drawing in useful idiot leftist (mostly) millennials and single-issue pro-baby-murder women from across the nation who know little about American civics and even less about liberty and who are advocating for totalitarian government intervention to throw our borders open to a host of Third World America-hating socialists and destroy liberty.

Leftist never-Trumpers are still shouting, "Damn Donald Trump! Damn everyone who won't damn Donald Trump! Damn everyone who won't stay up all night damning Donald Trump!" As he's not even the president anymore.

Civil discourse

It seems as though there will never again be civil political discussions in America.

Even if you overlook the clashes between the two fascist forces — BLM/Antifa and the white supremacists, who are nothing more than an extreme but vocal minority — as fringe elements and not reflective of reality, all political discourse seemingly deteriorates quickly to calumny, contumely and vitriol, if not open conflict.

We are at a point where television pundits and deep state operatives call Donald Trump delusional and who continually questioned "his ability, his fitness to be" in office, while ignoring the seeming lack of mental acuity of the sitting president; when supporters of the opposition are "deplorable"; when right-leaning Hollywood actors "are very hesitant to speak out in support of Trump because they fear that they will never work again"; and where journalists condescend to conservatives, implying — if not stating outright — that conservatives are simply unthinking Neanderthals with single-digit IQs.

There is nothing new under the sun

So the question becomes, is this a new phenomenon? Are we experiencing something never before seen in American politics?

The short answer is no.

Our country was only a dozen years old when political divisions began rearing their head; mostly between the Alexander Hamilton faction of High Federalists and the Federalists and Jeffersonian Republicans.

The political differences taking front and center in the early days of the republic cost Thomas Jefferson many friends and opened rifts between him and other friends. One of them was John Adams.

Jefferson spoke of this in an 1808 letter to Richard M. Johnson, writing:

It has been a source of great pain to me to have met with so many among [my] opponents who had not the liberality to distinguish between political and social opposition; who transferred at once to the person, the hatred they bore to his political opinions.

Those conflicts sometimes resulted in duels. Let's hope cooler heads can prevail today. It's not looking likely... but America is still here, despite a history of political divisiveness. I can only hope we are enduring a harsh winter and that a spring thaw will come one day. Otherwise, another civil war seems likely.

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter®



USEFUL RESOURCES

Low Cost Home Security Tactics

Just because you cannot afford a home security system does not mean you can’t take steps to protect your home. If you’re financially strapped, these cost-efficient safety tactics should help deter intruders from entering your home.

 

The nearly 39 million people who live in apartments here in the US face special challenges when it comes to prepping. The primary one is space, both inside their apartment and outside. But there are other challenges to consider as well. 

 

This isn’t to say that apartment dwellers shouldn’t prep, but rather that it takes looking at prepping in a slightly different way. 

 

LEARN HOW YOU CAN STORE FOOD, SECURE YOUR LIVING AREA, AND COOK FOOD, EVEN IF YOUR LIVING SPACE IS LIMITED.

 

Finding Frugal Fresh Fruits and Veggies

Making sure your family gets enough fresh fruits and veggies is a big part of a healthy diet, but produce can get pricey. Use these tools to find frugal picks

 


Natural disasters don't wait for a convenient time

And you shouldn't wait to prepare either. In some cases there is little to no warning.

Prepare now to lessen the impact of disasters and emergencies

 

Remember:  You can’t buy life insurance after you’re dead!

When you think about packing up items to help you survive a natural or human-made disaster, you often think of backpacks. And there is good reason.

Backpacks are sturdy, lightweight, and with multiple pouches and pockets, they allow you to stow a large number of essentials. They come in expandable widths and sizes to fit even your smallest family members. And the best part is that your hands remain free with a backpack.

Super Emergency Survival Kit

  •  Solar phone charger
  • 72-hour 4Patriot emergency food pack [25 year shelf life
  • 4Patriot Greens sample pack [Power supplement]
  • 3 Luna Nutrition bars [assorted]+Sunmaid raisin pouch
  • Cleaning Wipe Pack
  • Steel River Emergency Tent
  • Mini  First Aid kit
  • TRS 5N1 EDC folding tool
  • 3-package meal sampler
  • Paracord bracelet w/ compass
  • Reusable Face Mask
  • Personal Water Filter Straw
  • 11-Piece Emergency Survival Kit 

And more…

https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466

 

 

CREATING AN EMERGENCY FOOD SUPPLY-FOOD SURVIVAL REPORTS-FREE

Compliments of: The PoorManSurvival team

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Useful stuff      

 

Useful Resources from our storefront-See new items!

You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…

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