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.
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
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.
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…
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:
#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!
Steel
River Emergency Go Bag-22 Items Included+Bonus Book
Amazing number of useful, life-saving items included…LAST
ONE!
Support our
efforts by shopping my storefront…
A Smoking Frog Feature, Shallow Planet Production
2 comments:
Wonderful-spot silver jumped to $27 overnight [I might be rich]
Today, in the US, we don’t have a Treasury with anything of value left within it. It has no gold, neither does it have any silver. It has a negative net worth, with a Net Present Value (NPV) of approximately -$200 trillion. So what’s left to loot? The answer is both grubby and disturbing: the purchasing power of every dollar in circulation.
Post a Comment