Poor Man Survival
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A Digest of Urban
Survival Resources
Money
Experiments That Work
In the past
year, the left launched an all-out assault on the principles that make America
great and free.
Most Americans are still going about life, business, investing,
and retirement planning...
As if nothing unusual has happened to our financial system.
And few seem to realize the repercussions
of $11 TRILLION being pumped into the U.S. financial
system in the past 18 month
From their tireless character attacks against conservative public
officials to their guerilla-style street activism, you and I experienced an
unhinged leftist power grab.
Before it ever came to the streets or to the halls of Congress,
this anti-American leftist hysteria started on college campuses.
Now it infects
the rest of society.
[Watch Dan Bongino’s Cancel Culture on Fox News sometime
to get an idea how bad this disease has become
https://www.foxnews.com/media/canceled-in-the-usa-dan-bongino-fox-nation]
]
While plenty of people can survive one crisis at a time -- such
as a food shortage or short-term flood -- very few people are prepared to
survive a multi-layered, engineered cluster of catastrophes that are unleashed
on top of each other.
My message for all those who wish to survive is that we need to
prepare for simultaneous, engineered collapse events that are timed for maximum
destruction. The demonic mass murderers in charge of our planet right now are
deliberately trying to eliminate as many human beings as possible, and the
depopulation vaccines are just the beginning.
Despite all this doom and gloom, preparedness makes this
survivable. Because prepared humans are hard to kill.
See today's feature story and podcast for full details.
Writing in The New York Times, Michael Strain warns that with inflation at its highest level in over a
decade, Americans should be wary of the White House's newest $4 trillion
economic plan. Unlike the bipartisan infrastructure plan deal, which would
strengthen long-term productivity, Strain argues that the Joe Biden spending
plan would increase consumer demand without expanding supply. The result would be
higher prices, hurting lower-income Americans and threatening the economic
recovery.
The Guernsey Experiment
A long-forgotten alternative to unfettered credit creation...
AS WEARY TROOPS returned from a
protracted foreign war, they encountered a land racked with debt, high prices
and a crumbling infrastructure, whose flood defenses were about to be
overwhelmed, writes
Toby Birch of Blackfish Capital Holdings...
Not some nightmarish news story from New Orleans in
the years ahead, but the stark reality faced by the island of Guernsey, just
offer the French coast in the English Channel, after the Napoleonic Wars ended
in 1815.
To fund Britain's fight against the French,
credit creation had become rife in the early nineteenth century. Once Bonaparte
was beaten, deficits and inflation in Britain were likewise kept in check by
containing the money supply, through the introduction of the Gold Standard.
In theory, the holder of a paper note could
demand an equivalent sum of Gold from their bank
so money could only be created in proportion to the available bullion. The
small annual increase in precious metal supplies helped restrict the growth of
money, and price stability became the rule rather than the exception for the
balance of the nineteenth century.
While 1815 brought an end to the conflict on
the battlefront, however, severe austerity ensued on the home front. The
application of the Gold Standard meant that loans issued over many years were
then recalled to balance the ratio of money to precious metals. This led to
economic gridlock as labor and materials were abundant, but much-needed
projects could not be funded for want of cash.
This led to a period of so-called
"poverty amongst plenty". And the independent States of Guernsey (or
rather, their government), endured similar problems to England, since the Pound
Sterling was also the currency of the Bailiwick.
The disintegrating sea defenses were
symptomatic of Guernsey's financial woes as the island faced being swamped with
hefty debts and interest payments. The situation seemed insoluble; existing
borrowing costs were consuming 80% of the island’s revenues. What was already
an unsustainable debt burden would need to be doubled to fund the two most
essential infrastructure projects.
This was when a committee of States members
was formed by the then-Bailiff, Daniel DeLisle Brock, in what proved to be the
defining moment for the island’s finances. He is still commemorated on Guernsey
£1 notes, as is the Town Market which was one of the first beneficiaries of the
Experiment.
Like all great ideas, the principles were
straightforward. The committee realized that if the Guernsey States issued
their own notes to fund the project, rather than borrowing from an English
bank, there would be no interest to pay. This would lead to substantial
savings. Because as anyone with a mortgage should understand, the debtor ends
up paying at least double the amount borrowed over the long-term.
While some of the committee were merchants,
they were not necessarily financial wizards. They did, however, appreciate the
risk of previous schemes involving government debt which led to concurrent
crises a century earlier – the Mississippi Bubble in France and then the South
Sea Bubble in London.
The irresponsible creation of credit is a
dangerous game that temporarily benefits the current generation but steals from
the next; a lesson that has been forgotten yet again in modernity. To bring
balance to the equation, therefore, the people of Guernsey had to find a way to
neutralize such deficits while neither contracting nor expanding the money
supply.
On a purely practical level, this was achieved
by adding a sell-by date to the notes in issue, rather like a maturity date on
a bond. For example, on a note issued 21 November 1827, it "Promises to
pay the bearer One Pound on the first of October 1830". This begs the
question as to how the future obligation was to be honored, but again, a simple
mechanism was implemented whereby rent from the resulting infrastructure and
tax revenues on liquor was set aside into a sinking fund to pay off the
interest-free borrowing.
The end result of the Guernsey Experiment was
spectacular – new roads, sea defenses and public buildings were established,
fostering widespread trade and prosperity. Full employment was achieved, no
deficits resulted and prices were stable, all without a penny paid in interest.
What started as a trial led to a string of construction projects, which still stand
and function to this day. Money was used in its purest form: as a convenient
mechanism for oiling the wheels of commerce and development.
One would have thought that everyone would be
happy with such a success story but this was not the case. When you open a
closed shop to competition, those with vested interests become highly
protective. In those days it was the private banks who were threatened, because
they were cut out of the equation. No loans meant no interest and no profit
margin. So they may well have been the source of a mysterious complaint made to
England’s Privy Counsel which put a ceiling on the issuance of Guernsey notes
for the next century.
Why is this story relevant today? Whenever
stimulus packages, tax rebates or bank bail-outs are paraded as solutions to
the credit crisis they are actually part and parcel of its very cause. It all
stems from the quick-fix approach of producing money out of thin air and
leaving it for the next generation to pay-off. This has been on-going in the United
States since the Vietnam War, when the last vestige of monetary restraint was
cast aside; in abandoning Gold as a check on
the money supply, the US freed the world from financial discipline. The
dissolution of the Dollar has been evident ever since.
Credit creation is possible, and even
beneficial today, but only if the money is later retired in a measured manner.
This requires restraint and stewardship; qualities that are all-too-rare for
those with misplaced incentives.
Like swords to ploughshares, the banking
industry does not have to be eradicated in the process of reform. Banks still
have a role to play in providing liquidity by matching investors with
borrowers. But they can no longer be trusted with unfettered credit creation.
The Guernsey Experiment – as it was termed in a booklet compiled in 1960 by
Olive and Jan Grubiak for Omni Publications, USA – shows that simple ideas can
work wonders. They simply require an unselfish philosophy and a desire to do
the right thing for future generations, much like America’s Founding Fathers.
One of their number, Thomas Jefferson – who
was US President during the Napoleonic era – had uncanny foresight when he said
"If the American people ever allow private banks to control the issue of
money, first by inflation and then by deflation, the banks and corporations
that grow up around them will deprive the people of all property until their
children will wake up homeless on the continent their fathers conquered."
As the blame game begins once more today, the
very people who fostered conditions for the credit crisis will no doubt be
implementing knee-jerk legislation. This is not the time for new laws, but for
new leaders to match the calibre and insight of our ancestors.
Inflation Shock: Are You Ready To Start Paying “$40 Or $50” For A Hamburger?
Don’t Let Inflation
Destroy Your Nest Egg
Planning for retirement was generally a straightforward topic at
one point in time. Unfortunately, times have changed and they don’t seem to be
reverting back to... Read More
Is the Dollar
Doomed?
The
future of the dollar is not looking so bright. According to many investors and
the so-called bond king Jeffrey Gundlach, CEO of DoubleLine Capital told CNBC:
“In the longer term, I think the dollar … [is] doomed.” Gundlach is known for
his firm, which manages more than $140 billion in assets, and for correctly
predicting the housing crash in 2007. And he has many valid reasons supporting
his theory. For one, our nation’s trade deficit has exploded post-pandemic and
it’s continuing to grow. The trade deficit measures the value of a country’s
imports vs. their exports. In other words, we are importing more goods than we
are selling. The United States is known as one of the largest exporters of
goods... Read More
US retailers will face an extra $223 billion in costs of
goods sold this holiday season, according to
Salesforce's Q2 2021 Shopping Index data and initial holiday 2021 predictions.
Driving costs are freight, manufacturing, and labor.
Compounding the challenge for retailers:
Salesforce predicts a worker shortage heading into the November and December
peak period.
SIDEBAR
Today's communists don't
really fight for anything, at least not directly. I might respect them a little
if they did. Rather, they loudly whine that they are "victims" even
though they are not, and then demand they be given free stuff for life without
any effort. And, since free stuff has to be taken from somewhere, the people
that have things are attacked through the color of law even when they did
nothing wrong and earned every cent they own.
Communists steal from others through government proxy and by claiming
victim group status. They work hand in hand with the very politicians and
corporate oligarchs they say they despise. The governments and corporations do
it because they can use the Marxist mob as a social weapon to strike fear in
their ideological adversaries, and the SJWs do it because they can feed on the
scraps from the big boy's table and use government to forcefully redistribute
wealth into their own pockets. It's kind of a win-win, at least for a while.
Eventually, the low-level commies get nailed to a wall or sent to a gulag when
they are no longer useful, but that's a tale for another time...
OF NOTE:
WHAT ARE BERKSHARE DOLLARS?
Dubbed
a “great economic experiment” by The New York Times, BerkShares are a local
currency for the Berkshire region of Massachusetts. Federal currency is
exchanged for BerkShares at nine branch offices of three local banks and spent
at more than 400 locally owned participating businesses. The circulation of
BerkShares encourages money to remain within the region, building a greater
affinity between the local business community and its citizens. BerkShares
serve as a tool for community economic empowerment and development toward
regional self-reliance.
Monetary
Reform Manual – Introduction
AMI’s Monetary Reform Brochure with explanations,
historical background, the full text of the NEED Act; answers to the 20 most
frequently asked questions; and how you can get involved. It also has our Intro
to Monetary Reform. This brochure has the “intellectual power” to solve our
nation’s greatest problems, from Jobs to Justice; from Energy to Environment;
etc. Really! But it needs YOU, for the POLITICAL POWER! Please read it and
help!
https://monetary.org/pdfs/home/32-page-Monetary-Reform-Manual.pdf
USEFUL
STUFF…
CREATING AN EMERGENCY
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Compliments of: The
PoorManSurvival team
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TRS volt power bank - Back in stock!
3000mAh Power Bank Battery by Volt comes complete with a
micro USB charging cord. This battery can be used as an extra or replacement
battery
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Free enterprise, limited
government, individual freedom!
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and Heroines of New Media. Without your financial support, the free content
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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,
books, emergency power cell or solar/battery
radio weather radio!
TACTICAL SHOTGUN FOR SELF-DEFENSE [DVD]
Takes you to the world famous Gunsite Training Center
https://www.bonanza.com/listings/Tactical-Shotgun-For-SELF-DEFENSE-DVD-Training/1049969076
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A Smoking Frog Feature, Shallow Planet Production
3 comments:
Biden's motto for our economy-SPEND more, Get LESS...blame others.
This is what happens when the Woke Left takes over.
You’ve seen the runaway inflation. The hateful bigotry of the 1619 Project and Critical Race Theory. The crisis along our Southern border
Instead of staying in the pocket of the Fed & paying its interest fees, we should simply take back control of the money supply into our own Treasury Dept like our Founds intended...Jefferson warned us against the evil of international banksters!
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