Poor Man Survival
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A Digest of Urban Survival Resources
The Mean Season-Will
Buying Gold be Outlawed?
We are witnessing
a raging Socialist movement in America today. Just for starters...
- Three U.S.
Senators have proposed a new plan to guarantee every American a government
job…or an income even if you don’t want to work [which
would suit my brother-in-law perfectly].
- America's new
political star and economics 101 dropout, Alexandria Ocasio-Cortez, is
pushing for free medical care, free college, and 70% tax rates and an
unworkable ‘green’ energy platform which would indeed bankrupt an already
bankrupt nation.
And a recent
Gallup poll says more Democrats now have a "positive view" of
Socialism (57%) than Capitalism (47%)…Despite the majority of them being
multi-millionaires-Pelosi, for example, is worth $297 million [yet her
so-called non-profit group makes zero donations to anyone that I could find].
But what no one's really talking about in the mainstream press is
WHY this is happening... and WHERE it's all headed.
A full 10 years after the Great
Recession, the recovery we’ve had also has left millions of people behind with
little to no savings. Apparently, those
$1,000 I-Phones and $45,000 SUVs and big truck payments really beat up a
budget.
Americans have a dismal savings
rate as evidenced by the recent shutdown where even those families with good
government incomes barely lasted two weeks before requiring the assistance of
food banks. As indicated in this blog
people in Japan who are fastidious savers, were horrified at news of Americans
eating cans of spaghettios after just two weeks of going without a check…EVERY
financial planner in the nation has told Americans to have a six month
financial emergency cushion and apparently, that text got lost on their I-Phone
while sipping their latte at Starbucks.
Globalists
Are Already Preparing to
Blame All the Chaos on Trump
It’s no secret the global elites hate President Trump.
His nationalistic agenda is the exact opposite of the
globalists’ hidden agenda of world government, world money and world taxation.
Trump believes in “America first,” not globalism…
He believes in immigration control, not open borders.
If you watch the media or live on
social media however, you know of course, EVERYTHING wrong in the nation is the
fault of Trump…he’s the favorite whipping boy of the Left and is probably the
cause of the Great Flood and the Great Depression if one listens to their
eternal mass whining.
I grew up in the 60s when the Black
Panthers were in vogue and racism was a more prevalent issue. Today, that term is bandied about so often it
is nearly meaningless and lame-brained professors do an injustice to the
strides which have been made by calling for “whites” to step aside or be
murdered forgetting the sacrifice that hundreds of thousands of white Union
soldiers made on behalf of Black people during the Civil War.
A “wall” along our southern border
is not racist or immoral despite what these morons label it-it is prudent
security when considering the drugs, human trafficking, disease, contraband,
and other crimes which need to be addressed.
I lived in Arizona for years and
was a volunteer deputy sheriff and witnessed how ‘coyotes’ brought illegals, young
women for the sex trade, drugs, guns [in and out of Mexico] into the state and
even how an illegal killed a Phoenix police officer and once set fire to a
female sales clerk at a check cashing store after robbing her.
Day workers massed along street
corners despite warnings from shop plaza owners and police to disperse,
intimidating area workers on lunch breaks, often engaging in illegal drug
trafficking but our local sheriff was accused of ‘profiling’ when he busted these
groups [even though area residents applauded these efforts] by a weekly
Left-wing newspaper. Latino gangs took
over a park in Mesa across from a Mormon Temple for awhile and scared away
residents until the Sheriff’s Department cracked down but that too was labeled
as profiling.
We were appalled at the number of
Californians who fled that state to move to AZ in order to escape any number of
problems brought on by its politicians…
According to a
brand new survey, 53 percent of those living in California are considering leaving
the state, and there are certainly lots of reasons to hit the road and never
look back. The cities are massively overcrowded, California has the worst
traffic in the western world, drug use and illegal immigration both fuel an
astounding amount of crime, tax rates are horrendous and many of the state
politicians appear to literally be insane.
Tell me again Ms. Pelosi why it is
OK for you to have a fence but it is somehow “immoral” for America to protect
itself?
In other news…is the government making gold harder to buy?
Politicians don’t
care that we’re living beyond our means and neither do your fellow citizens. I’ve reported earlier that CitiBank has said
most citizens are at record levels of credit card debt again and most credit
card firms are not issuing new credit cards…many are upside down in their auto
loans too!
I mean, look how enamored people are getting with the
unbelievably boneheaded “Green New Deal,” for instance. We’re headed for a
cliff and people are cheering to push down even harder on the accelerator.
As of this week, we can now report
the U.S. consumer appears to be "tapping out" as well...
Yesterday, the
New York Fed released its latest quarterly report on household debt and
credit...
And the headline numbers for the fourth quarter
of 2018 continued the same trends we've been following for the past several
years...
Total household debt rose for the 18thstraight
quarter – to a new record of $13.54 trillion. It's now $869 billion (or 7%)
higher than the previous credit-cycle peak of $12.68 trillion in the third
quarter of 2008.
Likewise, consumer debt – which includes student
loans, auto loans, and credit-card debt – rose again. Student and auto loans
each hit fresh record highs of $1.46 trillion and $1.27 trillion, respectively.
And credit-card debt jumped to $870 billion, matching its 2008 peak for the
first time.
In short, according to these figures, consumers
continued to binge on debt through year-end.
The
report also noted that the number of credit inquiries within the past six
months – which is an indicator of future consumer credit demand – didn't just
fall last quarter... It fell to
the lowest level ever seen in the 20-year history of this data.
This
is concerning... It suggests consumers are becoming unwilling (or unable) to
take on even more debt.
And
it confirms similar data from the Federal Reserve's quarterly survey of bank
loan officers last month, showing a significant slowdown in demand for loans –
as well as tightening lending standards – to both households and businesses.
According
to the Fed, as of December, more than 7 million Americans were "seriously
delinquent" – defined as 90 or more days past due – on these loans. This
is the highest level ever reported... And it's roughly 1 million people more
than at the end of 2010, the peak of the last default cycle.
As
predicted, this trend is being led by the least credit-worthy borrowers...
So-called "flow" into serious delinquency among subprime borrowers –
that is, the number of loans that were current or less than 90 days late in the
previous report that have now become seriously delinquent – is now growing at
8%, which is also the fastest rate since 2010.
Given all this, what
can you do?
Owning physical gold is the only way to prevent the government
from having total control over your financial life.
Today, nearly every transaction is tracked by the government.
Every time you withdraw money, deposit money, buy something, sell something,
trade a stock, cash a check, or make a wire transfer, the government tracks
you.
This makes it easy for the government to control and tax every
aspect of your life.
Gold is the only asset outside the control of central banks like
the Fed.
Gold is not an investment asset… it’s money.
It’s
Getting Harder to Buy Gold
During the Great Depression, the government made it illegal to own
most forms of gold. President Roosevelt claimed that people “hoarding” gold
were making the Great Depression worse. The penalty for not turning your gold
in to the government was a $10,000 fine and 10 years in jail.
Finally, in the mid-1970s, the average American could buy gold
again. Americans piled into the metal as protection from the collapsing value of
the dollar.
But since the 1970s, the government has enacted a series of laws
that have made owning gold more difficult, more costly, and less private:
·
The Bank
Secrecy Act of 1970 required financial institutions to
help the government detect and prevent money laundering. To get around this
law, some criminals laundered money by purchasing gold bullion and coins.
To help crack down on this illicit cash, the IRS created Form 8300in 1984. It
requires merchants to report certain cash transactions over $10,000.
Essentially, Form 8300 forced coin dealers to comply with burdensome rules that
were originally written for banks.
·
Then came 9/11… and the Patriot Act. Among other things, it
allows the government to collect bank and credit reporting records on Americans
in the name of national security.
The Patriot Act made Form 8300 universally accessible to the
government without a warrant. What used to be a tax collection tool is now
available to all law enforcement. Merchants filling out Form 8300 also have to
send a copy to the Financial
Crimes Enforcement Network (FinCEN) database.
FinCEN is a branch of the U.S. Treasury that collects and analyzes
information about U.S. financial transactions to combat domestic and
international money laundering, terrorist financing, and other financial
crimes.
But that’s not all. Merchants also have to fill out a Suspicious Activity Report and
submit it to FinCEN whenever they suspect a customer of making multiple
transactions to avoid a Form 8300.
·
The Hobby
Protection Act restricts how dealers can, or can’t, sell
replica coins made from gold or silver.
·
The Dodd-Frank
Act, passed after the 2008 financial crisis, created new
reporting requirements for bullion dealers, which don’t allow smaller dealers
to “hedge” the price of gold.
Recently, some state governments have gotten even more aggressive
in cracking down on gold…
In 2014, the state of Minnesota required any coin dealer selling
to citizens of the state to first obtain a surety bond (a promise by a third
party to pay a certain amount if an obligation from the coin dealer isn’t met)
before conducting business. Many dealers couldn’t comply with this rule and
abandoned customers in the state altogether.
A new Louisiana law prevents gold dealers from buying precious
metals with cash. Now they can only write checks to selling customers. State
authorities want to know about all of these check payments via a special form.
$6,000 seems like an arbitrary number. And 48 hours seems even
more contrived. This is a sign of the times.
The Fed claims all these restrictive laws are in the name of
safety, security, and fairness. The government says criminals use gold to avoid
the banking system. But the laws rarely seem to ensnare criminals.
For average citizens, owning gold isn’t about avoiding taxes or
laundering money. It’s merely about ditching the liability that comes with
owning dollars.
When the government makes a law protecting something, it often
ends up taking that thing away from you. For your own good, of course.
We think the government’s real intention is to keep all U.S. money
in the banking system. There, it can be traced, tracked, and most importantly…
taxed.
And keeping all U.S. money in the banking system means keeping
money OUT of gold.
We’re likely just seeing the beginning of these laws. As the
economy continues to slow, government tax revenues will suffer. When that
happens, we’ll see more of an obsession with tracking – and taxing – money.
That’s why now is the time to buy gold. Gold is
one of the best ways to dodge the Fed’s next radical monetary experiment and
ensure your wealth. But with all of these new laws, the opportunity to buy is
quickly closing.
While everyone
was chatting about the 2018-2019 United States government shutdown, House
Democrats introduced a universal background check bill H.R. 8 on
January 8, 2019. More »
Freedom. Self-Reliance. Action.
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Additional FREE Resources
Living Frugally In Suburbia
You live differently than your neighbors.
You live differently than your neighbors.
14
Frugal Food-Rescuing Tips from Grandma
These depression-era frugal tips still work today!
These depression-era frugal tips still work today!
8 Simple Ways to Put More Money in Your Pocket
Have more money without working harder!
Have more money without working harder!
Knowing
When and How to Stockpile Groceries
Stocking up could save your grocery budget!
Stocking up could save your grocery budget!
Ideally, you’ll want to carry a good
self-defense weapon such as a knife or firearm. But there are many scenarios
where you might not have a weapon or might not be able to get to it in time.
For those scenarios, you’ll have to improvise. Fortunately, there are several
everyday items you can use as weapons, and that’s the topic of this video.
Having lived through the economic collapse in Argentina, The
Modern Survivalist has learned a lot about this topic. In the video below, he
discusses six unconventional weapons you can use to defend yourself. Here’s his
list...
You’ve got 2 hours until disaster strikes. Are you
prepared?
If you’ve watched any apocalyptic movie ever, you’re familiar
with the grocery store scene.
You know which one I’m talking about. Anxious dad rushes isle by isle gathering
water and canned food for his family while everyone around him gradually turns
from innocent customer to aggressive looter.
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3 comments:
Bottom line-your observations about CA & AZ are still accurate. Too many from CA moved here & ruined much of our state bringing some of their stupid leftist ideas with them and crowding the valley. There are so many loons in CA politics that I think it must have been an experiment like the Island of Dr. Zeus or something. That state is falling apart and they want to take the rest of nation with it [and its socialist politicos want to start with Trump].
Always interesting news and great resources and good advice-our hat is off to you.
Can't afford gold but I do buy silver [the poor man's gold ha ha].
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