Keep Our Service Free-Donate

Thursday, August 15, 2019

The Danger of Currency Wars


Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

 


·       The Dangers of Currency Wars

No matter who you are, where you come from, and what you do for a living…

You know one thing:

These four words are code for “brace yourself”...

Before I get into the meat of the discussion, however…

Allow me to rewind for a moment.
Over the past few weeks, as the currency wars have been screaming toward white-hotness, Graham Summers has kept us in the light… “It is clear,” he told us this week, “the global economy is beginning to suffer from the ongoing trade war between the two largest economies: the U.S. and China.” 

Bad news: Things have gotten MUCH worse between the two nations.

Graham gave us the short-list:

1] The White House floated the idea of implementing an additional 10% in tariffs on $300 billion worth of China’s goods.

2] China devalued the Yuan against the U.S. dollar.

3] The U.S. officially labeled China a currency manipulator.

4] The White House floated the idea of ending trade negotiations with China completely.

“We can expect,” he said, “central banks to start getting involved directly in the markets.”

Specifically, Graham’s talking about MASSIVE currency interventions happening on a “near weekly basis…

 

 

In order to fully understand how bad it can get, however, says Graham, “We need to talk about the U.S. dollar.”


How it affects every dollar in your bank account… 

 

The Currency Wars’ Dangerous Effect on the Global Economy


 

A brief outline of that issue is as follows…

The U.S. dollar is the global reserve currency of the world. All told, it comprises over 90% of global currency transactions.

So as an example, if a Chinese firm wants to make a deal with a German firm, it doesn’t simply convert its Chinese Yuan to Euros. It first converts its Yuan to U.S. dollars, which are then converted to Euros.

On the one hand, this is great – the world has a preferred medium of exchange that literally any country can use to get access to capital.

This is especially true for foreign countries or corporations that are looking to issue debt. If they choose to issue their debt in U.S. dollars, they gain access to a much larger pool of potential investors.

And therein lies the problem.

If a foreign country or corporation issues debt in U.S. dollars, it needs to pay both the debt itself AND the debt payments in U.S. dollars.

The problem with this is that neither of these two groups (foreign countries or corporations) can print U.S. dollars… only the U.S. can. So unless they can gain access to U.S. dollars some other way (selling assets for instance), they quickly have a U.S. dollar shortage.

This alone is a massive issue if you owe debt in U.S. dollars. And if the U.S. dollar starts strengthening against your own domestic currency while this is happening… it’s game over.


Let me give you an example.

The Global Economy Weakens as the U.S. Dollar Strengthens

Let’s say you have a business based in Brazil. And let’s say your business issues $1 million in U.S. dollar-denominated debt for five years at a yield of 10%.

This means that every year for the next five years, you need to come up with $100,000 in U.S. dollars. Then, to top it off, in five years’ time you need to come up with $1 million to pay back your lender.

Because your business is in Brazil, both your revenues and your profits are denominated in Reals (the Brazilian currency). Now, imagine that during the course of the five years, the U.S. dollar rises 20% against the Brazilian Real.

Because of this, your debt just became even MORE expensive to service. The $100,000 in U.S. dollars you need to come up with each year as well as the $1 million you need to come up with on year five is going to take A LOT more Reals to acquire.

Now, let’s say that while the U.S. dollar is strengthening against the Real, your business is also suffering because the global trade war is hurting Brazil’s economy. Very quickly you are facing a perfect storm of declining sales, debt that is more difficult to service, and a U.S. dollar shortage.

THAT is the situation facing much of the world today. The global economy is weakening at the exact same time that the U.S. dollar is strengthening.

 

SIDEBAR

Investors Flock to Gold and Silver
as the Stock Markets Dive

The major U.S. stock indexes are down more than 2% today as the bond market signals that a recession could be on the horizon.

Bank stocks have been hit particularly hard, with Bank of America and Citigroup both dropping more than 5% in  trading. The ongoing Trade War and signs of weakness in global economies has shaken consumer confidence while bringing attention to the precious metals market, which many believe is still greatly underpriced, even with the recent run-up.

Investors who get in early will have the most to gain if the prices of gold and silver continue to climb.Metals News From Around the Web:


Yours in Freedom,

Bruce ‘the PoorMan’

Additional News…



More Free Resources:

One of the most worrisome threats that the United States faces is an EMP. With just a single nuclear weapon, a hostile force could dismantle a majority of the nation’s electrical grid, rendering everything from major power plants all the way down to hand-held electronics inoperable.

 Of course, an EMP detonation certainly isn’t the only thing that can cause the lights to go out. In this article, we’ll take a look at how to tell the difference between a simple power outage and an EMP.

 What is an EMP? - Before we begin discussing how to tell the difference between an EMP and a power outage, it’s important to first define an EMP...

 EMP or Power Outage? How to Tell the Difference


 

What You Need to Know About Zippos and Lighter Fuel Alternatives


 When it comes to lighters, Zippos, and lighter fuel in general, there is a lot of misinformation to be found on the Internet. Learn about lighters plus the various types of lighter fuels that are available. Hint: there are alternatives to Zippo lighter fuel!

 

How to start a neighborhood barter club


 
A Final Note…

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.


You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies. Resources-Solar Chargers back in stock-Grab one now as they go fast.  Our supply on eBay sold out in ten minutes! New:

Hydration Pack Backpack 900D with 2L Leak-Proof Water Bladder

*Available at our storefront – PLUS grab one of our popular emergency solar/wind-up/battery back-up power plants…

 

 

 

Find self reliance goods at:

 

Support our efforts by shopping my storefront…


 

 

 

A Smoking Frog Feature, Shallow Planet Production

 

Wednesday, August 14, 2019

Radical US Leftist Socialists: Equal Intolerance, Crapping on Individual Rights


Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources

 


Socialist-Democrat Jihadists Crapping on America

Just as there is a rising tide of Radical, Extremist Islamists in Europe and the Middle East, we see a rising tide of fundamentalist and extreme socialists among politicians and citizens in the United States.  Each share common traits: extreme intolerance for anyone who doesn’t share their ‘politically correct’ dogma and the use of lies and smear tactics to attack conservatives.

Democrat-Socialists want to ruin our country by expanding the STATE while eroding our rights…Congress has been infiltrated by Communists and poorly educated citizens seem to embrace the ideals of Marxism just as they did in the 1920-30s.

I’m unsure that average, hard-working Americans truly understand how much elites in DC despise us. An FBI email released to the public by the FBI Inspector General as he is investigating top level FBI agents called Trump supporters “all poor to middle-class, uneducated, lazy P-O-Ss”

They believe they’re superior to us both intellectually and morally…they want us to give them our money and then drive our pickup off a cliff.

A national convention of the Democratic Socialists of America took place in Atlanta last weekend.

The beauty of free speech is that we all have the opportunity to listen in and see how people relate with one another in their natural habitats. 

In a moment, you’re going to get a rare Dundee-esque look into how the democratic socialists of America play politics.

(It’s hilariously terrifying.) 

Before I show the clip, however, here’s something you might find shocking:

How to Love Socialism 

As someone who values individual sovereignty, there’s a part of me that sympathizes with socialism…

But in a way that most socialists hate. 

See, I don’t have a problem with socialism. Or even democratic socialism. 

The main grievance I have with any political structure is bigness

(See: Leopold Kohr’s book, The Breakdown of Nations, on the “crisis of bigness.”

Some form of “democratic socialism,” after all, might be a great fit for a small community of 300 people who share the same values… goals… and lifestyles.

Nitty-gritty, here’s what it comes down to:

If it is voluntary, it is A-OK. 

If you want to 
live in an “ecosexual” community that battles climate change by humping moss... you do you.

Why would I stop you? 

If it is mandated by law… by force… at the point of a gun… 


That’s where I start to quiver in paranoid fear at the potential implications.

As we all should.

When Socialism Works 

As for the former, the voluntary form of socialism… 

There is, indeed, precedent. 

Take, for example, the Bruderhof community of Christians in the UK. 

While the UK’s Mirror, in typical mainstream media fashion, paints the small community as “bizarre” and “radical”...

 


The truth is it’s the exact opposite of bizarre and radical. 

It’s safe, predictable, disciplined, and... well... boring.

“Imagine,” says Sara Wallis, “a place where there is no debt, crime or homelessness. No one worries about money, mortgages or unemployment.”

In a normal day, the families get up at 6am, eat breakfast together at 6:15, then it’s school and work for everyone from 7:30am to 5pm, with a 2-hour communal lunch break.

At school, the kids study in the morning, but then “it’s like summer camp” in the afternoon.

There are obvious trade-offs.

To be a part of the community, the individual is forced to sacrifice quite a bit of his or her autonomy.

“It’s a community,” says Wallis, “where you are not always allowed to make decisions about your life, where families can be asked to move house if it’s deemed better for the greater good and where a traditional uniform from a bygone era is worn.”

Their work is not just centered around just maintaining the community, however, says Wallis: “The community collectively raises tens of thousands of pounds for charity.”

A socialist’s wet dream, right? Wrong.

There’s a problem with this type of socialism.

It requires three things absent in our modern day’s idea of the socialist utopia…

1] Personal responsibility and self-ownership

2] Abdication of autonomy.and free choice (rather than “restrictions for thee and none for me”)

3] Adherence to a clearly defined set of values (i.e., a loss of ambiguity and moral relativity)

As a voluntary option, however, where one can leave at any time, there’s no reason why someone couldn’t live a perfectly happy life in this form of “socialism.” 




The Problem With “Big Socialism”

The problem with “Big Socialism,” apart from the aforementioned necessary use of force, coercion, violence, and all that stuff that makes society suck…

The advocate for “Big Socialism” wants a fantasyland wherein we can all be (but especially he) shielded from our own weak spots and negligence.

Rather than strengthening ourselves in the necessary fire of maturation… civilization is seen as a feather bed, a given, a constant.

And the only problem with civilization is not a matter of contribution, but that it has been doled out unfairly.

It’s not “open opportunity” for growth that economists mistakenly worry themselves with. It’s the lack of an open reward system.

It’s worse than a fairytale. (At least a fairytale has a moral.)

And it leads to insanity such as the video below, which is but a microcosm of Big Socialism…

Wherein, you’ll notice, every individual believes the most important thing isn’t to live in harmony with others based on clearly-defined principles and values (something social justice and socialist crowds in general severely lack, yet act as if they don’t)…

But to demand that others conform to an ever-shifting and highly ambiguous landscape of “sensitivities”... 

Nobody is willing to sacrifice their discomfort for the “greater good,” and yet everyone expects everyone else to.

If that’s all Big Socialism has to offer…

No thank you, dear Democratic Socialists of America.

We’ll be fine without you.

Click here to see the short 49 second video. 

Check out this report on the Democrat Party’s new 2020 campaign slogan, which is, “You disgusting Americans are terrible people and we hate you.”


25 urgent things you need to know about China, financial markets, Epstein and civil war…

Want to know the highlights about what's happening in the world? Things are shifting rapidly. Today I've put together 25+ things you urgently need to know about Spygate, China, financial markets, Jeffrey Epstein, civil war, self-defense and more.

This is rapid-fire bullet point info to keep you informed.


>Our nation was built on the values of individual freedom, private property and limited government...

 


SIDEBAR

Why hard assets are so important given the current state of global markets…read and view the following.  Although it’s a sales pitch [I’ve not reviewed the course advertise nor do I make any money from its sale; however, it reinforces the message I’ve written about in this blog.

Look: Boys n Gals! Watching CNN often feels like the inept product of a university committee…better information comes from this blog! 
The age of unrestricted growth is over. It was a good run. But now we’ve got to live within certain ecological and resource budgets which means we’ve also got to live within some fiscal and economic budgets.
Virtually nobody in power wants to do either. Maybe a few here and there, most of them recently retired or close to it. The remainder all want business-as-usual (BAU) to continue, especially those that just hooked a finger around the brass ring of success.

Stop Feeding Our Enemy-Buy US or Friendly Nation Goods!

 
China, the world strongest economy is on the verge of world takeover and as other countries (27 so far) sign up to use their “Global Bank”, American families suffer as the Dollar falls through the floor!

 
The USD has always been the global currency but due to the ballooning debt many countries are deciding to trade in Yuan (China’s currency), as their financial position is far stronger than ours.

 
As our debt continues to rise our dollar becomes weaker and weaker and will eventually drop to it’s true value, 1c on the dollar!  

 
Imagine, overnight, all your assets, everything you own, dropping 1/100th, without warning!


Watch this report now to see how the government has “Stuffed up” once again, putting you and your family at risk of losing everything.

 
You will also learn what you can do starting right now to protect your assets and even INCREASE your asset portfolio almost overnight! (Many concerned patriots like yourself have already used these financial tips to secure their future no matter what happens!)

 

“It’s happening again… But this time, it will be MUCH WORSE that the 2008 financial crisis!” – James Wright.

 
When the U.S. dollar falls (and it will…) there will be chaos in every American town, including yours.  So after you watch this video you will also learn how to protect yourself and your family with military style self-defense techniques.

 
This video has been created by James Wright, a military trained self-defense and survival expert.  He is a highly respected U.S. patriot and has trained thousands of men, women and children to become more skillful when placed in a survival situation.  Now it’s your turn to have the knowledge and skills to become the hero!

 
Over the past decade, the world's central banks have distorted the price of money by bringing interest rates to record lows. With credit so cheap, asset prices have risen dramatically as companies and governments have borrowed to the hilt. And now with the "Everything Bubble" threatening to burst (perhaps in mid-bursting already?), we're suddenly realizing that the phantom asset price gains were ephemeral, while the debts are permanent. How will the economy cope with dangerously overleveraged nations, industries and households? Not well. To learn more of this massive problem and some potential solutions see:  Steve Keen, professor of economics at Kingston University in London and author of Debunking Economics.

 

A massive global currency crisis is brewing. One that could very well topple a number of today's nations…




China is of course allowing the devaluation to occur. Previously, it was entering money markets to buy Yuan in order to keep it from devaluing. Now it’s just allowing the process to occur. This is China’s response to Trump’s imposing an additional 10% tariffs on $300 billion of China imports last week. It signals that the ‘trade’ war (now becoming an economic war) has moved beyond tariffs.

 

Crude oil prices rise and fall. They traded below $11 in 1998, reached $147 in 2008, but moved below $30 in 2016. Mid-East tensions and inflationary expectations are rising. It’s reasonable to expect crude oil prices will not fall much from current levels and might rise considerably.



To be clear, moving abroad does not wipe out student debt. If you go that route, those loans will continue to exist, and they’ll continue to accrue interest so that if you do return to the U.S., you’ll be in an even deeper hole. At the same time, it’s a lot more difficult, if not impossible, for U.S. creditors to come after you for loan payments if you’re living outside the country.

 

 

 
Here are my ideas for new bill [s] to improve government

 
>Since term limits never seems to gain any traction perhaps we should entertain the idea of zero pay for elected officials after their third term in office…give them their office, expenses, health insurance while in office and a living allowance only=much like our Founding Fathers and see how many decide to remain in office.

 

>Perhaps we need to resurrect a new version of ‘war’ bonds, perhaps calling them “government bailout bonds” to help pay off our national debt and/or to help pay for our massive deficits and proposed new spending projects since fewer foreign nations are buying our debt!

>An idea I've suggested before:  Eliminate ALL city/state & Federal taxes on the 1st $25K of income for all people. 41% of citizens pay no Federal tax, many city/state taxes are killers for many. Tax laws that encourage more US manufacturing/jobs & elimination of red tape would help too.

More Updates:

Handwell [Backup] Well Pumps



We manufacture a series of easy-to-install "Narrow-Profile" deep-well pumps, engineered to install in the well alongside your existing electric water well pump system. All of our manual well water pumps can be permanently installed for daily use, or stored and ready for loss of power


Survival Shelter Tutorial from 
The California Survival School

Recently featured on Good Morning America, the California Survival School was founded by two brothers with a passion for traditional living skills, outdoor adventure, and self-sufficiency. Dan and Michael Baird are dedicated to providing people — in Southern California and throughout the world (thanks to their epic excursion courses)...

 


DIY Underground Survival Shelter

Have you ever thought about building your own underground bunker? Maybe you’re worried that it would cost too much, or be too hard to build. Having underground bunker plans is one of the smartest investments you can make for you and your family’s safety. With all the dangers we’re facing today, such as social and global unrest, terrorist threats, natural disasters, you can never be too complacent.

 

 

Free enterprise, limited government, individual freedom!

 

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

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

Not Prepared?

 

That's Bad News...


Grab an emergency power cell or solar/battery radio weather radio!

Having the Patriot Power Cell on-hand for emergencies keeps your essential electronics up and running in case you need to call for help. 

eBay link
Back in stock!

RTIC Double Wall Vacuum Insulated Food Container Stainless Steel, 25oz Cold/Hot

We have a few RTIC brand cooling food canisters in stock. These canisters are just as good as Yetis…Limited quantity [also available in 17 0z. size]


High Density Pocket-Sized Solar Generator Keeps Your Family Alive-Bonuses


 

Get your own personal, “mobile” solar backup power generating system:


 

Support our efforts by shopping my storefront…


 

 

 


 

A Smoking Frog Feature, Shallow Planet Production

Tuesday, August 13, 2019

Consumers lose trust in Institutions, Middle Class Spiraling Lower, Folly of Gun Control


Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

 



During the relative economic stability of the past few years, the middle class was supposed to experience a resurgence,  but instead it has just continued to be hollowed out.  The cost of living has risen much faster than wages have, and as a result hard working families all over America are being stretched financially like never before.  Even though most of us are working, 59 percent of all Americans are currently living paycheck to paycheck, and almost 50 million Americans are living in poverty.  In a desperate attempt to continue their middle class lifestyles, many Americans have been piling up mountains of debt, and it has gotten to the point where we have a major crisis on our hands.

According to the New York Post, the total amount of debt that U.S. households have accumulated is about to cross the 14 trillion dollar mark for the first time ever…

Meanwhile, record American household debt, near $14 trillion including mortgages and student loans, is some $1 trillion higher than during the Great Recession of 2008. Credit card debt of $1 trillion also exceeds the 2008 peak.

Americans are spending heavily, again — and often recklessly, say analysts.

This is the exact opposite of what U.S. consumers should be doing.  We can see signs of a fresh economic slowdown all around us, and consumers should be feverishly trying to get out of debt as fast as they can.

But instead, debt levels just keep setting record after record.  In fact, total student loan debt just hit a brand new record high of 1.605 trillion dollars, and auto loan debt just hit a brand new record high of 1.174 trillion dollars.

It would be one thing if we could handle all of this debt, but that isn’t the case.  Bankruptcies have been steadily rising, and according to the latest figures the number of bankruptcy filings shot up another 5 percent in the month of July

Bankruptcy petitions for consumers and businesses are on the rise. There was a 5% increase in total bankruptcy filings in July 2019 from the previous month, the American Bankruptcy Institute said this week. There were 64,283 bankruptcy filings, up from 62,241 for the same period last year.

Unfortunately, this is probably just the beginning.

Right now, most of the country is living on the edge financially, and so a major economic slowdown would inevitably cause another enormous tsunami of consumer bankruptcies like we saw in 2008.

Even now, things are already so bad that many hard working “middle class” workers in high-cost cities such as New York are so financially stretched that they have to rely on free food from local food banks

“In high-cost cities like New York, personal incomes are not often enough to pay the household bills,” Zac Hall, vice president of anti-poverty programs at the Food Bank For New York City, told The Post. “We are seeing people using consumer debt as a way to make ends meet when they come here,” he added, citing the pressures his nonprofit faces to keep up the distribution of food and meals at no cost to some 1.5 million New Yorkers.

If 1.5 million people in New York are being fed by food banks now while things are still relatively stable, how bad will things be when the economy really starts to tank?

For decades, the “almighty U.S. consumer” was one of the fundamental pillars of our economy, but now that is no longer true.

U.S. consumers simply do not have a lot of discretionary income to spend these days, and this is killing major retailers all over the nation.  We are on pace to absolutely shatter the all-time record for store closings in a single year, and within the past 7 days more big retailers have announced that they will be permanently shutting down stores.

For example, Walgreens just announced that they will be closing “approximately 200 U.S. stores”

Walgreens plans to close approximately 200 U.S. stores, the company announced Tuesday in an SEC filing.

According to the document posted Tuesday on the Securities and Exchange Commission website, the move to close stores follows “a review of the real estate footprint in the United States.”

That wouldn’t be happening if the U.S. economy really was “booming”.

Here is another example that comes to us from Wolf Street

A’Gaci, a young women’s fashion retailer based in Texas, filed for Chapter 11 bankruptcy protection on Thursday, for the second time, after having filed for the first time in January 2018. This time, it will liquidate. All its remaining 54 stores in seven states and Puerto Rico will be closed – the “bulk” of them by the end of this month.

In addition, we just learned that Party City is going to be closing more stores than expected in 2019

Party City is increasing the number of stores expected to shutter this year.

The New Jersey-based party supplies company said it was looking to close 55 stores throughout the year, up 10 from the May estimate of 45 stores.

I honestly don’t know what malls and shopping centers all over the U.S. are going to do.  I once warned of a future in which America’s landscape would be littered with abandoned stores, and that future has now arrived.

For the moment, those at the very top of the economic pyramid are still doing okay, but the middle class is eroding a little bit more with each passing day.  For much more on this, I would encourage you to check out this Youtube video by Jeremiah Babe.

I have been writing about the evisceration of the U.S. middle class for a decade, and the condition of the middle class right now is as bad as I have ever seen it.

And as we plunge into this new economic downturn, things are only going to get worse.  The middle class is absolutely drowning in debt, and even a mild recession would be enough to financially wipe out millions of American families.

 Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared NowThe Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse BlogEnd Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.


 


SIDEBAR

Consumers Losing Trust in Institutions

   Consumers have been losing their trust in institutions for years including religious entities. [Some point to a growing anti-Christian movement by the Left in particular, as one cause, along with fatherless households, as some of the causes of mass shootings]…

Trust in Congress too is at an all-time low.  When they spend more time on so-called, repeated investigations of the POTUS rather than addressing our nation’s infrastructure or power grid, it truly makes one scratch their head.

Our national debt, which now exceeds more than Japan and the Eurozone combined,  is nothing to be sneezed at knowing full well it is now impossible to pay off…individual borrowing levels have sailed past pre-recession levels of more than $1 trillion! 

Considering political troubles on the world stage [Brexit, Yellow Vest Protests, Venezuala], the dollar should be doing even better.  The dollar is rated highly, but is not responding to global issues and Iran, China and Russia are trying to replace the dollar is the world trading currency of choice.

Consumers fear recession but as I’ve pointed out, it is almost inevitable as all things in life and in economics is cyclical.  If our economy tanks before the next presidential election, Trump may face a tough time getting reelected since that is his big success.  Our economy has been artificially propped up for decades, like a house of cards, which has led many to believe our currency can no longer be relied upon as a safe haven.

A major increase in revenue will be required by the government to sustain itself and our massive social welfare spending [yet Democratic candidates are pushing to increase that spending by trillions].

Build a Buffer for Your Family

Recessions are scary as they are unpredictable. Although few Americans seem to ever prepare for anything…while things are stable take steps to protect yourself.  Get out of debt is number one.  Stash extra cash and food stocks; use extra cash to buy gold and silver.

The longer the current expansion continues, the worse the investible recession becomes [another reason why I have urged readers to get out of debt, accumulate gold and silver along with a savings cushion and goods which can be bartered].

Sales of American Silver Eagles up 46% in 2019American Eagle Silver Bullion Coin Sales are Up 46% in 2019American Eagle Silver Bullion Coin Sales are Up 46% in 2019

Through July 31, the U.S. Mint has reported selling 11,262,000 one-ounce American Eagle Silver Bullion coins vs. just 7,705,500 ounces through July 31 last year, a gain of 46.2%. Silver’s recent surge to a 13-month high has increased interest in the popular bullion product, and we know from experience that a first-time investment in a bullion coin like the American Eagle Silver coin leads about one in six bullion investors to convert into a rare coin buyer within one or two years, especially if bullion prices keep rising.

Silver traded as low as $14.37 as of May 29, rising over $2 per ounce (+15%) to $16.50 on August 5, just 10 weeks later, thereby drawing many first-time investors into “poor man’s gold.”

Personally, I have found the opportunity to add these to my stash at a reasonable price.  I continue to grab “junk silver’ whenever possible via flea markets, local auctions, etc.

Yours in Freedom,
Bruce ‘the PoorMan’

Additional News of Note…




When gun control was brought up at the second Democratic presidential debate this week, South Bend, Ind., Mayor Pete Buttigieg rattled off the usual list of gun-control restrictions... Read More

In the wake of three mass shootings over the course of a few days recently, all the political and anti-gun media class began their predictable calls for more gun laws and equally predictable blame-ascribing tactics.

As usual, 2020 Democrat presidential hopefuls called for the passage of more laws like universal background checks, a ban on so-called assault weapons (a meaningless and amorphous code word term), so-called red flag laws and outright confiscation. Even Republican politicians advocated for more gun laws, as did President Donald Trump — who while campaigning in 2016 called himself the biggest friend to gun owners in history; a hollow promise, at best.

Never mind that none of the laws proposed — save outright confiscation — would have had any influence whatever on the most recent shootings. The shooters all obtained their legal weapons legally from licensed gun dealers after undergoing the standard background check.

Besides, if gun grabbers were really interested in stopping murder or saving lives they’d go after handguns, which are used in the overwhelming majority of shootings and mass murders.


We in the media have a role to play in all of this. News organizations would best serve the public by sticking to the facts and the news. Speculation should be minimized. This can be tough in the 24/7 breaking-news environment, with so many wanting to be the first to report significant details and with so many hours to fill while we await the facts. But the truth is, in the early moments and hours after a shooting — or any tragedy — the rumors and initial reports almost always turn out to be replete with errors. Information that is presented confidently as fact often turns out to be incorrect

 

Here’s an example: My twitter account was suspended due to Wayne Dupree; someone I don’t know, who told Twitter honchos my post was somehow hateful!  Read below & see if you agree…

Your account, @poormansurvivor has been locked for violating the Twitter Rules.
Specifically for:
Violating our rules against hateful conduct.
You may not promote violence against, threaten, or harass other people on the basis of race, ethnicity, national origin, sexual orientation, gender, gender identity, religious affiliation, age, disability, or serious disease.
Bruce David
@poormansurvivor
@WayneDupreeShow Lawbreaking unvetted illegals present a challenge that many on the Left completely ignore: more crime, more disease, more welfare fraud, more ID Theft, more human smuggling, more drugs, etc.
Please note that repeated violations may lead to a permanent suspension of your account. Proceed to Twitter now to fix the issue with your account.
More Free Resources:

 


How to Dehydrate Food


 Dehydrating food is an ancient technique that has improved thanks to the modernization of the process. Food that is Dehydrated has undergone a process by which the moisture level of the food drastically decreases.  From ancient times to just a … Continued

Making Bread Without An Oven - The Pioneer Way


Baking bread usually requires an oven. But what do you do when you’re a pioneer living in the 1800s - and you don’t have an oven?   


What Is The Best Caliber For Self Defense Shooting?


Few topics can light up a range-side or gun store discussion like handgun caliber. Most every long-time handgun owner feels strongly about one caliber or another being the best...   



A Final Note…

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.


You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies. Resources-Solar Chargers back in stock-Grab one now as they go fast.  Our supply on eBay sold out in ten minutes! New:

Hydration Pack Backpack 900D with 2L Leak-Proof Water Bladder
 

*Available at our storefront – PLUS grab one of our popular emergency solar/wind-up/battery back-up power plants…

 

[Note: we’re sold out again of the Solar Power Charger]

 

Find self reliance goods at:

 

Support our efforts by shopping my storefront…


 

 

 

A Smoking Frog Feature, Shallow Planet Production