Fed is cracking open your piggy bank

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 

The Fed is breaking open your piggy bank

What might trigger a crack in the edifice? A gradual perception by the crowd that they are losing financial ground and are gradually becoming poorer? This occurs at the point that government has sucked the vital life out of the public and their assets.

This has been happening for some time. For example, husbands and wives must both work to survive even poorly. This is a modern sign that the people are falling behind. More and more there seems to never be enough and so families are getting smaller.

Children are economic liabilities so government resorts to mass illegal immigration to replace the failing population that they have sucked the lifeblood from.

The masses that have been behind financially for so long now ushered Donald Trump into the White House to fix the imbalance. But the elites have mechanisms to obfuscate and prolong the illusion.

How is it accomplished? The American people don't know that we have in the United States a real economy and a financial economy. The financial economy does not represent real valuations but was created by the Federal Reserve to avoid deflation and consequently turned into multi bubbles.

It is this bubble aspect of the economy that creates the illusion of prosperity and wealth. At some point, all the bubbles will pop and the real economy based on production and savings will come down to earth. Profits will be foremost and inflated debt will vanish after many years.

Crash or soft landing?

Trying to figure out a timetable for hyperinflation or deflationary depression is only a guess. Keep in mind that we can instead have stagflation, which we might be starting to experience now, or a prolonged inflationary depression, the worst of all.

So prices are rising yet we have no growth, nor the prospect of growth due to extreme debt and intervention. Yet if the philosophical monetary position of government holds, no deflation or depression will occur in the near term.

I think that it is more than clear that the authorities will rely on the printing presses to keep up the float hoping for a soft landing.

Thus, the need for a plan to spend more and more trillions with each budget, even though it will mean yet more fiscal inflation. But, despite much gnashing of teeth over inflation, the people want inflation no matter the long-term consequences because it provides the illusion that they are "making more money."

The perpetrators of our national financial propaganda regime have ingrained in the people that they would rather have "price stability," which is code for price increases through inflation, instead of zero inflation. Along with that, they've instilled an "irrational" resistance, according to Yale professor and Nobel economist Robert Schiller, to wages that would be declining should we have zero inflation. After all, if it were exposed that trading goods and services for dollars was a losing game, the system would collapse instantly.

You see, dear reader, the people have been trained to want their wages to go up even though prices are going up as well because it makes them feel like they are doing better — though the reality is that they are not, in real terms. This is the Great Currency Conspiracy that Merrill Jenkins revealed during his lifetime.

Mainstream media outlets desperately do not want you to remember that the more credit the banks create, the more debt accumulates in the economy. Bank-created credit becomes the borrower's debt. Therefore the Gross Domestic Product (GDP) can increase and grow on debt and consumption equally as it can grow on production. This is the world's economy now.

The 2008 financial crisis was not a "crash." It was merely a slowdown — not even a contraction, simply a slowdown — in the expansion of credit. And the world's economy almost collapsed. Yes, that means credit was still expanding, but very slowly, and that is a disaster for Central banks. It cannot be allowed to happen. So people must believe they are making more so that they will continue to believe they can "afford" things so that the illusion of prosperity continues.

In fact, since Jerome Powell announced another increase in the Fed Funds rate, we merely got more evidence that the Fed is going to keep shuffling the same money piles back and forth to continue the charade that it is doing something constructive for the American people.

The truth is much different

There is much fretting about an effective fed funds interest rate of 5-5.25 percent, but this is still historically low. You must realize that keeping interest rates low helps the banksters and keeps government's fictional "debt" low, which allows it to spend more money. Yet this is devastating to savers and people living on fixed incomes, pensions and retirement funds when "official" inflation is almost 10 percent and real-world inflation on goods and services is 30 percent, 50 percent, and over a hundred percent in some areas of the economy.

This continues the great rape of the American people for the benefit of the banksters who borrow money from the Fed for almost nothing then loan it out for a return of between 7 percent (home mortgage) and 29.99 percent (credit card). It's really quite a racket when you think about it. Especially considering that when you are no longer able to repay the loans because of the economic conditions created by the Fed and bankster criminals, the banks can then confiscate your property — or, as is the case in some instances, the government will steal money from those who are working and still able to make their payments and use it to pay the banks on behalf of the homeowners.

Even a slightly higher interest rate keeps the interest paid on savings accounts at far below the rate of inflation. By using fudged inflation numbers that don't include the things you are actually going to buy, government doesn't have to make cost-of-living increases on Social Security payments. This puts a tighter squeeze on those who struggle to pay for their groceries — again those on fixed incomes, living off savings or Social Security.

As Lord Keynes said, "In the long run, we are all dead." But I have to admit that socialist or fascist governments can sometimes continue to pull rabbits out of the hat. The government always relies on inflation plus petrodollar strength against other currencies.

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter^®

 

 

 

 

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“The main problem in any democracy is that crowd-pleasers are generally brainless swine who can go out on a stage & whup their supporters into an orgiastic frenzy—then go back to the office & sell every one of the poor bastards down the tube for a nickel apiece.”

~ Hunter S. Thompson

 

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One of the disasters that preppers fear the most is an EMP (electromagnetic pulse). Why? Because it would literally throw us back a couple hundred years by knocking out the power and rendering all electronics useless. That means no more cars, lighting, hospitals, internet, cell service, hot water… the list goes on and on.

It's been estimated that 90% of people would die after a year without power. To avoid being one of those people, you need to stockpile things that are EMP proof.

As you will soon see, there are many items that are fully invincible to an EMP. This list is presented in alphabetical order...

​15 EMP-Proof Survival Items You Should Be Stockpiling​

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VESTA! The FIRST Self-Powered Indoor Space Heater & Stove combo.

 

·         HEAT AND COOK indoors!

·         Use up to three canned heat units at the same time. 

·         SAFE to use INDOORS when used with InstaFire 6-Hour Canned Heat Plus!*

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De-Dollarization-Protect Yourself; Bidenflation hurting Americans

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 

Guard yourself from 'de-dollarization' by de-dollarizing

 

The dollar is stuck in the mud. It has basically the same value now as it did during the time of the engineered 10 percent devaluation of 1973 shortly after the U.S. went off the gold standard… and then it fell another 10 percent last month.

In 1973, there was a market crash. From 1973-1975 the U.S. was in a deep recession. Today, the Fed constantly tries to reassure us with the Banksters in control there will be no more financial shocks and another financial crisis is unlikely in our lifetime.

If that's true, then why is the dollar stuck? If the Fed manages to "engineer" its way out of the post-lockdown mess they created, the next one will come even sooner, so the time to educate and protect yourself can't begin soon enough.

What is the dollar?

In the Constitution, there is really only one direct reference to the origins of what we refer to as "paper money." It is in Article I, Section 10, which reads: "No State shall... emit Bills of Credit..."

At that time, paper that was intended to circulate as money — but was not redeemable in gold and silver — was labeled "bills of credit." The description makes sense and raises a fact few people realize about the dollar: Such paper is a device for expanding the credit of the issuer.

It has no intrinsic value, other than the confidence we have in its exchange value. It will have even less value if countries succeed in “de-dollarizing” after the U.S. placed sanctions on Russia over the Ukraine war.

Aljazeera gives us some honest reporting on this, revealing “…it isn’t just Beijing and Moscow. From India to Argentina, Brazil to South Africa and the Middle East to Southeast Asia, nations and regions have accelerated efforts in recent months towards arrangements aimed at reducing their dependence on the dollar. At the heart of these de-dollarisation initiatives is the fear in many capitals that the US could someday use the power of its currency to target them the way it has sanctioned Russia, according to political economists and sanctions experts.”

Real history

Why does history repeat itself? Because unless we are very careful, what we think of as "random" behavior is actually quite predictable — and often self-destructive and irrational. That means people can panic, and drive the economy right off a cliff.

Recalling the 1970s might seem like ancient history to you, but let's go very far back in time… all the way to the 1770s — yes, much farther into history than your typical "financial analyst" is willing to go (this is why they always think "this time it's different").

The origin of paper money goes back even farther, but for our purposes we will focus on 1777, when after the War of Independence, Congress requested that individual states stop printing paper money, but the advice was ignored. They did as Congress did, not what it said.

At first, the surge of paper money brought on what appeared to be a glow of prosperity. As one historian described it:

"The country was prosperous... Paper money seemed to be the 'poor man's friend;' to it were ascribed the full employment and the high price of farm products that prevailed during the first years of the war...

"By 1778, for example, the farmers of New Jersey were generally well off and rapidly getting out of debt, and farms were selling for twice the price they had brought during the period 1765-1775. Trade and commerce were likewise stimulated; despite the curtailment of foreign trade, businessmen had never been so prosperous."

Of course, this warm glow of unbacked currency didn't last long! It was tarnished first by the fact that the price of goods people bought began to rise. But even worse by the fact that — as the money in circulation increased and expectations of its being redeemed faded — a given amount of money bought less and less.

This set the stage for speculative buying, holding on to the goods for a while, and making a large paper profit on them. Any efforts to stem the tide of paper money only succeeded in causing shortages of goods, caused creditors to run from debtors trying to pay them in depreciated currency, and caused the onset of suffering.

Does that really sound so very different from what we have today, with empty store shelves, stores running to ban cash and 45 million plus Americans on food stamps?

The solution to the problem was a standard by which paper money was redeemable by gold and silver, which have always had universal value to people all over the world. The gold standard.

But it does point to one little problem with this seemingly sound philosophy, as far as the powers that be are concerned: Namely, when the currency must be redeemable by tangible, equivalent value — the people themselves control their money... the economy... and the government.

Both the Constitution and the Bill of Rights were meant to ensure America operated this way forever. Yet, that ceased to happen.

The real date that the U.S. went off the gold standard on June 5, 1933, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold, and all gold was ordered confiscated and sold to the government at a price of $20.67 per ounce. In 1934, the price was increased to $35 an ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply.

On August 15, 1971, the U.S. completely dumped the only solution to the problems of paper money, the gold standard, when President Richard Nixon announced that the United States would no longer convert dollars to gold at $35 an ounce.

In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion, but by then, all our dollars were intrinsically worthless and only as strong as the confidence the people themselves had in them. And it is confidence alone that is holding the system together. The implications are scary... and you're starting to see the effects right now.

It is merely the confidence of the people — the irrational, emotional and reactionary people — that gives any value to the dollar whatsoever. Is it surprising that when talk of war starts, when people are fighting with each other in the streets, and when drought is ravaging the country, that the people's confidence begins to fail?

To protect yourself from the downward spiral of the dollar, you should keep your money out of banks beyond what's needed to cover your bills. With fees and inflation, it's likely you lose money when keeping it in a bank. So you should hold cash, both in case of a bank holiday and for other emergencies.

How to withdraw wisely

When a national currency is destroyed and the economy collapses, the only recourse is gold.

Gold will have to be at a much higher price to back the U.S. dollar and those who hold gold will greatly benefit. Right now, we are in a period of disappearing financial assets and entering a period of physical assets.

Those who are not aware will take action or have taken action to avoid the downtrend in value, and possible collapse, of financial (paper credit) assets, and replace them with physical assets. It is time to be alert to the signs of a currency crisis and a credit crunch that could tie up your bank account and bring about a moratorium on your life insurance and annuity cash values.

If you have not done so already, please visit this page for a complete guide to currency collapse, de-dollarizing your money wisely, and buying and holding physical gold and silver.

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter^®

 

 

 

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The real insurrection against America is being run by a rogue, unelected federal government that considers We the People to be its enemies. The "Patriot Front" group that marches around with white masks and American flags is obviously (almost comically) just a bunch of FBI agents and recruits dressed up as patriots, thereby projecting the appearances of a militant patriot group so that the FBI can continue to justify its own pathetic (corrupt) existence.

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Help us to protect and preserve our freedom, self reliance-your support is appreciated!  May is National Law Enforcement Month!

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As the patron saint of police officers, St. Michael knows what it means to face the threat of evil and imminent danger. Saint Michael had a  history of battling evil; of which there is plenty in our society!

We’re donating St. Michael pendants to area police & sheriff departments…your donations help.  Use the PayPal ‘donate’ button at the top-any amount is appreciated.

 

Power Grid Down and So Is Your Heat? No More! 

VESTA! The FIRST Self-Powered Indoor Space Heater & Stove combo.

 

·         HEAT AND COOK indoors!

·         Use up to three canned heat units at the same time. 

·         SAFE to use INDOORS when used with InstaFire 6-Hour Canned Heat Plus!*

·         Weighs only 7.6 pounds! Easy to transport.

·         Measures 11" L x 7.5" W x 5.25" H when used as a stove.

·         Measures 11" L x 7.5" W x 10.75" H when used as a heater.

·         Won’t reveal your LOCATION!

·         Space heater indoors warms up 200 square feet!

 https://www.bonanza.com/listings/VESTA-Self-Powered-Indoor-Space-Heater-Stove/1425199245

 

 

 

 

Be Ready For The Unexpected-Emergency Supplies Available

Natural & Man-Made Disasters happen frequently-Is your family prepared for the unexpected?

·        Emergency solar/hand cranked radios; First Aid supplies, Emergency kits, 72-Hour Food Kits, Bug-Out Backpacks

·         Open M-F 9:30-5 @ Stor-Your-Stuff 151 N Blacks Corners Rd Imlay City 48444 [near 4th St] *While supplies last-limited quantities.

 

 

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!

 

 

 

Useful Resources from our storefront-See new items!

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

A portion of our proceeds is donated to charitable Veterans groups such as Wounded Warriors & the VFW!

 

Support our efforts by shopping my storefront…

http://RetroGuy.net