Poor Man Survival
Self Reliance tools for
independent minded people…
A Digest of Urban
tanking the real economy so they can steal your wealth through the 'paper'
The Federal Reserve — and most Americans — don't realize that we
have parallel economies in the United States. There's the financial economy
(which I might also call the "fantasy" economy). Then there's the
real economy that has a direct effect on daily life for you and me.
The financial economy represented by the Fed, the banks, and the
stock market does not reflect real-world valuations — that is, true intrinsic
worth. It is instead a house of cards where the value of an asset is determined
by clicks of a mouse on a computer, not in the reality of producing something
useful and valuable. It was created by the Federal Reserve to avoid deflation,
with the unfortunate consequence of creating a constant flow of bubbles in asset
"To critics who warn that pumping trillions of dollars into
the economy in a short period is bound to drive up inflation, today's central
bankers point to stagnant consumer prices and say, 'Look, Ma, no inflation.'
But this ignores the fact that when money is nominally free, strange things
happen, and today record-low rates are fueling an unprecedented bout of
inflation across asset prices," wrote Ruchir Sharma, head of emerging
markets and global macro at Morgan Stanley Investment Management.
Further, consumer prices aren't stagnant. Go buy a sheet of
plywood from your local home improvement store. It'll cost you three times what
it did a few months ago.
Inflation by itself is not so painful if your income is keeping
pace. But for most American workers and producers, it's not. That's what
stagflation is all about — rising prices and stagnant wages.
Stagflation is coming. A retreat in the share prices of stocks
will inevitably happen. No one can say how or how long it will last... and
remember that when a stock begins to perform poorly while in the Dow (think
Kodak) the financial engineers behind the stock exchanges simply toss it out
for a better-performing one, and the Dow continues to rise. Even a 50 percent
crash wouldn't last because the market-makers wouldn't allow it.
However, there is evidence we may have the encroaching squeeze of
stagflation ahead. Therefore you should prepare for it now by getting your
financial house in order. Here are some things you should be doing to get
- Investments: Realign your stock
portfolio to favor consumer staple, utility, and healthcare stocks. Even
in hard times, there are some things people have to have. Stocks in these
sectors also tend to pay higher dividends, which help offset inflation.
Gold has traditionally been an effective inflation hedge and rental
properties can be profitable because you can raise rents as inflation
climbs. Bonds are iffy and savings accounts are the worst investments in a
- Home: If you're renting, this might
be one of the only times you would want to lock in debt... if you can find
a home to buy. Prices are rising, but interest rates are exceedingly low.
Be sure to get a fixed-rate mortgage that will not go up if interest rates
- Transportation: Buy, don't lease a car. But
insist on a fixed-rate auto loan... or pay cash. As inflation heats up,
lease rates will climb. Keep the car for at least 6 years or more and skip
the rising cost of new cars.
- Debt: Pay off all credit cards as
soon as you can and keep them at zero balance each month to avoid rising
interest charged by the banksters. The rates on credit cards will go
astronomical as the virus casedemic pushes people away from cash and over
to using cards exclusively.
There are more than enough reasons to take personal measures to
retain a certain level of freedom in your financial affairs by converting a
portion of your wealth into non-paper assets like gold and silver
bullion coins and bars, jewelry, precious gems, art and antiques or other hard assets.
Of these, gold and silver bullion requires the least amount of specialized knowledge.
Of course, you'll have to provide storage and security for these
hard asset valuables. You may want to consider offshore non-bank storage to get
your goods as far from U.S. government hands as is legally permissible, both to
protect privacy and to protect against seizure or even confiscation.
Be sure to abide by all U.S. and international laws when
considering offshore storage for your valuables. Bob Livingston Alerts in no way advocates illegal activities. You also want to do
due diligence on the integrity of the storage institution you choose and the
political stability of the country where they operate.
Yours for the truth,
Editor, The Bob Livingston Letter®
I have always recommended buying gold and keeping it in your possession,
not in an ETF or a bank.
You should also accumulate silver coins, which have accelerated in price over the last few weeks, but the historical ratio of the price of silver compared with gold is still low. Buy with confidence.
For gold coins, we recommend the Gold Eagle, Canadian Maple Leaf, African Krugerrand or the Australian Kangaroo. We prefer these because they are stamped in English, have their gold content stamped on them, come in convenient, well-known sizes (1 oz., 1/2 oz., 1/4 oz. and 1/10 oz.) and sell at small premiums over the value of their gold content.
You should not need to pay more than around 3 percent above spot price when buying gold bullion in general, nor should you accept lower than 3 percent below spot price when selling, as those are the typical markup or margins for a reputable dealer. I use goldprice.org, kitco.com, or bulliondesk.com to find reliable spot pricing.
Inevitably, whenever I recommend buying gold and silver, readers in droves ask me to recommend a dealer.
Your best bet, I believe, is to find a local dealer who is well established, has been in the community a long time and has a good reputation with both the Better Business Bureau and his customers.
Band Emergency Solar Radio
Staying informed could be a matter
of life and death.
That’s why federal and state
agencies advise that every American home should have an emergency radio.
get caught off guard during a lengthy quarantine or natural disasters.
Preparation is, as usual, the absolute key...
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!
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You Can’t Buy Life Insurance After You’re Dead
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…Small radios, books, emergency power cell
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A Smoking Frog Feature, Shallow Planet Production