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Thursday, August 6, 2020

Poor Man's Gold is Silver-Prices Rising Fast


Poor Man Survival
Self Reliance tools for independent minded people…

ISSN 2161-5543
A Digest of Urban Survival Resources




Dear Fellow Survivalists,

Last week I sent you an article about how gold and silver should be a part of your overall survival plans.

This week... I'm asking you - do you think there is an economic crisis on the horizon?

Personally, I don't think it's on the horizon. I think we're already in it.

All I know is that walking around in the small "downtown" area where I am, small businesses are closing left and right. A couple of restaurants and cafes are still struggling to stay alive, but pretty much everyone else has gone out of business. That tells me everything I need to know about the state of the economy.

The bankers and financiers think that they can keep the "markets" strong by pumping money through the financial system, but I can see the truth with my own eyes.

If businesses are failing and real people are suffering, it's only a matter of time before "the market" follows suit.

Meanwhile, they keep printing money, which hurts the value of our hard earned dollars and damages what retirement savings we're lucky enough to have.

The way to protect your hard earned retirement savings from the Wall Street money printing machine is by accumulating gold and silver.

Oh, by the way. We sent the previous email out about gold and silver for survival last Thursday (30th of July).

On July 30th, the close price of Gold was 1957. The price of Gold right now is 2042. That's a 4.3% increase in just a week. Silver is up even more

Even I didn't expect that article about buying gold and silver to be so timely.

The good thing is if you're a real, hardworking American who's got eyes and ears on the ground level of this economy, you're also seeing what's happening in real time. Which means that you can prepare yourself financially to weather the storm that's coming.

I won't say that you should definitely invest in precious metals. I won't say that I know for sure that the price of gold and silver will rise.

All I'll say is if you're seeing what I'm seeing in the economy, then Gold and Silver are probably the right bet to make. Historically, the worse the recession, the better gold and silver perform.



Again, this isn't investment advice. This is about survival. If you can see with your own two eyes that things are going badly - for the hard working folks and the small businesses around you... Then you know what's coming. It's up to you what course of action you take next to protect yourself and your family. 
The money printers at the Federal Reserve are heating up…

And the Federal Reserve Notes in your pocket are going to be worth A LOT LESS in the coming months and years according to Fed Chairman Jerome Powell. 

He’s come out and admitted 
they’re going to keep interest rates near-zero until their arbitrary employment and inflation rates are hit. 

But since the jobless rate is higher than the great depression…

And stated inflation is at 1%...

It may be YEARS before they even consider raising rates again while continuing to pour new “stimulus” money into the economy. 

You know what all that means for you?

You’ll LOSE money on the US dollars you’re saving in the bank year after year. 

At the same time, you’ll be incentivized to borrow more money and dig yourself deeper into debt as the value of the dollar will continue falling - causing a rise in prices on consumer goods across the board, and a higher cost of living. 

The theory is that by lowering interest rates and injecting more cash into the economy, consumers will spend more, prompting producers to produce more. 

But it’s precisely because consumers are spending instead of saving, and producers are borrowing more credit and producing too much, that a devastating economic crash is on its way. 

The strategy of “inflation targeting” only benefits creditors, lenders, and banks. 

Not you. 

It sustains the bubble we’ve been in. 

But that bubble will pop. 

Soon.

Which is why gold and silver prices have been skyrocketing. 

Same with many cryptocurrency assets. 
In March, we told readers that gold and silver were going to take off. 

At the time, silver prices were at a 6-month low. Today, silver is over $26 an ounce!

Those who took our advice are profiting right now. And will continue to do so. 

In  April we warned that you were going to see inflation at levels we haven’t witnessed in decades. And right on cue, 
the Fed is admitting our prediction will become reality
Yours for a Socialist-Free America!
Bruce ‘the Poor Man’

Postscripts…

 How to See (and Delete) All of Your Google Activity

Internet users, beware: Google is always watching.






What are your thoughts about the possibility of the U.S. going to a cashless society? I have been hearing about this for about a year now becoming concerned that my own cash stash will be worthless overnight.
- Jan H
Answer: I don’t think this will happen anytime soon because there’s a reason they say cash is king. Cash is still the second-most-used form of payment in America today after debit cards.
Approximately 6.5% of U.S. households don’t use a bank. Another 18.7% of households are underbanked, which means they have at least one account at an insured institution.
A cashless society would surrender privacy. Cash allows you to be anonymous. Besides, cash will always be there when technology fails.
In a disaster scenario, where we have no access to the Internet, how would we access our money? We need to have cash for emergencies
PSA: If someone asks you to open a bank account or conduct financial transactions for others, beware - it may be a money mule scam. Online sellers may be more susceptible to this scam, since it can appear to come from a legitimate company that wants to do business with you - a product supplier. Or a merchant who says they can't set up a payment account in the US but will compensate you for facilitating their payments. 

We've written about that type of scam involving ecommerce, and this is a reminder: #DontBeAMule. Even if you participate unknowingly, the consequences are severe.
Something that's bugged me over the years is how much we spend on education and yet so many people are uneducated about the simplest (and most important) financial facts of life. How is it possible to earn a high school diploma (much less a bachelor's degree) and not understand things such as our own history, basic economics, etc.
And, to make matters even worse, so many adults don't even realize that they're uneducated…
 Not only the basics like how compound interest works, but also how to shop for a car or your groceries.

So enjoy some free learning in this week's issue. Maybe about how an economic theory affects your personal finances. Or where to find some savings each week. Or a DIY project that'll save you some money. 
Oh, and please invite your friends to subscribe to one or more of our free newsletters:

 



Silver’s Days as the Poor Man’s Gold Are Numbered


#DemsAreDestroyingAmerica

USEFUL STUFF…



Our phones are extremely important in a crisis.

They hold information and special functions that are essential for survival.

Essential information like important contacts, incoming public alerts, and they give us online access to survival strategies and life-saving techniques.

Your phone also has special functions like digital compasses, levels, and even the tiny flashlight that can be the difference between life or death in a crisis.

Your phone is that important, and should not be overlooked as an essential survival device.

THE MAJOR PROBLEM: Your phone’s power fails quicker than any survival tool you own.

THE SOLUTION: Fortunately, when you grab this "forever charger," your phone will always be charged…available at our storefront!


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...


You Can’t Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios, hydrapaks, books, emergency power cell or solar/battery radio weather radio!

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A Smoking Frog Feature, Shallow Planet Production

Wednesday, August 5, 2020

Some parts of US suffering, others, not as much


Poor Man Survival
Self Reliance tools for independent minded people…
ISSN 2161-5543
A Digest of Urban Survival Resources








2020 has been a very tough year for the U.S. as a whole, but some portions of the country have been hit much harder than others.  For example, if you live in a rural area [like I do…and we’ve prepped for years] that hasn’t seen any civil unrest and that hasn’t been hit very hard by the COVID-19 pandemic, the way that you are living your life now may seem nearly unchanged from the way you were living your life in 2019. 

 But if you live in an urban area that has experienced endless protests and rioting and that has seen COVID-19 sweep through local neighborhoods like wildfire, your life in 2020 may look radically different from the way it looked in 2019.  Unfortunately, conditions in our largest cities are not likely to improve dramatically any time soon.

But many people that live in rural communities are feeling pretty good about things right now.  Even though more than 52 million Americans have filed new claims for unemployment benefits over the last 18 weeks, the official unemployment rate in many rural counties is still in the single digits.

New York City was one of the early epicenters of the COVID-19 pandemic in the United States, and many of us will never forget watching video footage of the looting that took place in the heart of Manhattan earlier this year. 

 As a result of all of this chaos, the unemployment rate in the state as a whole is nearly twice the national average
New York’s unemployment rate rose to 20.4% last month, according to state-level data issued Friday by the Bureau of Labor Statistics that detailed figures for some large metro areas. That’s up from 18.3% in May and 15% in April.
We see a very similar story when we look at the city of Los Angeles.
Thanks to COVID-19 and endless civil unrest, the official unemployment rate in the city is hovering near 20 percent

Los Angeles, the second-largest U.S. city, has seen a similar level of joblessness.
Its unemployment rate recovered slightly in June but remains startlingly high — at 19.5%, versus 20.6% in May, according to data published Friday by California’s Employment Development Department.

Unfortunately, it appears that the COVID-19 pandemic and the violence in our major cities are both going to be with us for the foreseeable future.

Some people think that the civil unrest will disappear if Joe Biden wins in November, but I do not believe that is the case.  Nearly all of the major cities where the violence is happening are controlled by radical Democrats, and those radical Democrats have been completely unable to control the riots.  To the protesters, Republicans and Democrats are both two sides of the same coin and are both responsible for the injustices in our society, and they are not going to give up on their goals just because a moderate Democrat like Joe Biden wins the election.

At this point, millions upon millions of Americans are sticking closer to home these days because of COVID-19 and all the unrest, and this has been particularly devastating for the leisure and hospitality industries

The unemployment rate in the leisure and hospitality industries, including restaurants, soared from 5.7% in February to 39.3% in April, and in June was still at an unprecedented 28.9%. By comparison, the overall unemployment rate is 11.1%, and no other industry comes close to restaurants’ level.

The restaurant industry employed nearly 9.2 million people in June, almost 3 million more than in April but still 25% below where it was in February. Anecdotally, though, restaurant workers—even those who’ve spent decades in the industry—say they’re looking to get out. The line of work that had been stable, geographically flexible, reliable and largely safe for generations is no more, they say.

As I discussed the other day, we have already lost thousands upon thousands of small and independent restaurants, and this “restaurant apocalypse” is only going to get worse with each passing month...[thanks in large part to Dem Governors who locked down their states].

Moving forward, some cities may never be the same again.  In Las Vegas, the official unemployment rate recently hit 29 percent, and everyone agrees that tourism will never recover until the pandemic ends.

If this pandemic stretches on for several years, many of those unemployed workers will be forced to abandon the city entirely in order to find work elsewhere.
Sadly, competition for the few good jobs that are available will become increasingly fierce, and this will result in millions of Americans falling out of the middle class.
And we are starting to see some numbers that indicate that this process is already moving along very quickly.  According to the U.S. Census Bureau, “24 million Americans say they have little to no chance of being able to pay next month’s rent”.
Just think about that.

We never saw anything like this during the last recession, and the Census Bureau says that things are particular dire for Black and Hispanic renters
This month, nearly 28% of Black renters say they haven’t paid last month’s rent, and about 46% say they have slight or no confidence they’ll be able to pay next month’s rent, according to figures from the Census Bureau’s Household Pulse Survey. Hispanic renters face similar economic strain: 22% say they missed last month’s rent and 46% fear they won’t make rent next month.

Those numbers are simply eye-popping.  As people increasingly get behind on their bills, the cries for more direct government assistance will become deafening, and it appears that Republicans and Democrats in Congress both want to pass yet another stimulus bill.
Of course that will mean borrowing and spending more gigantic piles of money that we do not currently have, but at this point most Americans do not seem to care that we are literally completely destroying our financial future.



For such a long time, I warned that the next economic downturn would be worse than the last recession, and that has turned out to be precisely correct.

And what we are experiencing right now will pale in comparison to what is eventually coming.

But for most people, the only thing that seems to matter is what is happening here and now.
And at this moment we are seeing tremendous economic suffering in major cities all over the nation, and in an election year very few of our politicians want to be the “bad guy” that says that we can’t hand out “free money” to everyone.
So our currency will continue to be rapidly devalued, our debt levels will continue to explode, and we shall get to see where this relentless march toward socialism takes us.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now

Sidebar:


Who hasn’t noticed the price of food drastically increasing? For many, in a time of job insecurity, continued economic uncertainty it’s infuriating and borders on the line of price gouging. In April, when the pandemic panic was at its peak, the price of groceries rose 2.6%, according to the Bureau of Labor Statistics, resulting in the biggest one-month increase in grocery prices since 1974. The Wall Street Journal has further reported these price fluctuations are the fastest-rising food prices in a decade and it looks like this won’t disappear anything soon.

Planning for a future of food price inflation now will help you save money and invest in your future. Price inflation and shortages of food and/or essential preparedness items will only continue as long as COVID is present. As much as we would like for this to all go away, it will not.
Here are some ways to concentrate your shopping efforts before the next panic wave of pandemic shopping happens.
 

READ MORE: How To Avoid the Fastest Rising Food Prices in a Decade


Other Bits n Pieces



Our cities are being destroyed and Democrat mayors and officials are defunding the police and encouraging the vandals and the arsonists, calling them “peaceful protesters.”
This new civil war now pits those of us who love our country and want a Constitutional government, as envisioned by our Founders, against those who would destroy our very civilization and freedoms.

Donald Trump is now the defender of our laws and our country, the leader of those of us who believe in America and want to keep our Constitution, and want our cities to be safe again.

Whole city areas have been seized by anarchists...
“Protesters” who claimed they only opposed Confederate monuments have now sought to deface and destroy the monuments of George Washington, Thomas Jefferson, Abraham Lincoln, and more of our American heroes.

They sought to burn a church across from the White House, one visited by every president since John Adams.

These radicals have gone well beyond where most people ever imagined. But it was no surprise to me because I was raised by leftists and understood the depth of their hatred for America.

Shockingly, these enemies of America have been accepted and supported by the establishment media and the leadership of the Democratic Party
He is our leader and freedom fighter

P.S.  As you already know, however, it's this simple: one-world government and one-world religion require one-world propaganda.
Until one understands this fact, one cannot read between the lines or otherwise decipher mass media reports, thus begin to make sense of the "global loonies" and their "globaloney."

Powerful Picture Exposes The Double Standard Politicians Allow For Themselves On Social Distancing: Americans nationwide continue to be impacted by coronavirus-related restrictions implemented by their state leaders...Read More

Teacher Details How Schools Push To Ban History And Leftist Agendas: I recently spoke with a fourth grade teacher from the midwest, who shared her experiences of curriculum shifting from history and science and towards political indoctrination...Read More


Sootch00 Survival: 5 Essential Guns for When SHTF

Taking a look at the 5 guns you may need in an SHTF Situation and the various reasons for each type of firearm for survival.


Made from a common driveway "weed..."
 This brew is a powerful painkiller, without opiates or addictive effects. 
 Once used for everything from painful toothaches to leg amputations.
 It helped save many lives and prevent trauma. If you made it in advance. 

Freedom Self-Reliance Action





Additional FREE Resources
Living Frugally In Suburbia
You live differently than your neighbors.


14 Frugal Food-Rescuing Tips from Grandma
These depression-era frugal tips still work today!

8 Simple Ways to Put More Money in Your Pocket
Have more money without working harder!


Emergency Preparedness on a Budget 
Affordable ways to prepare for an emergency.


Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays & free reports that I provide 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 make a donation at top of this page via PayPal.


24 Mistakes That Send Energy Bills Soaring

Implementing these fixes will save you cold, hard cash all year long.

People who are spending more time at home because of the coronavirus pandemic may see their utility costs increasing
No-Brainer Device Cuts Power Bills Up to 90%
Easy-to-use---No Maintenance. 

Steel River Emergency Go Bag-22 Items included+Bonus

Amazing number of useful, life-saving items included…LAST ONE!
Get Your own copy of this eye-opening documentary-The Deep State Exposed!

Find survival related books and items here!
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A Smoking Frog Feature, Shallow Planet Production