BUILD BACK BROKE

 

 

Poor Man Survival

Self Reliance tools for independent minded people…

www.poormansurvivor.net

ISSN 2161-5543

A Digest of Urban Survival Resources

 

The Democrats are Building Back Broke

On Friday, House Democrats passed their "Build Back Better" bill, that will bankrupt our country and take us further and further into debt.

 

This legislation is truly nothing more than a Trojan Horse for the Green New Deal and unnecessary social welfare programs...Biden has posted TV ads promoting outright lies on how great our economy is under his socialist regime vs Trump!

 

It will do nothing to "Build Back Better," but will take our country down a dangerous path toward Socialism…nonetheless-we hope your Thanksgiving goes well.  We still have much to be grateful for!

 

Financially, it seems as if the end is near. Economic Armageddon is upon us, as the Federal government lubricates the moving parts on the printing presses and new money begins to fly out.

In his special report, Shadow Government Statistics: Analysis Behind and Beyond Government Economic Reporting, John Williams wrote,

The U.S. economy is in an intensifying inflationary recession that eventually will evolve into a hyperinflationary great depression. Hyperinflation could be experienced as early as 2010, if not before, and likely no more than a decade down the road. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-money special interests, and gross mismanagement.

It is now a decade down the road, and this was written before the U.S. Congress passed and President Barack Obama and subsequently Donald Trump and now Joe Biden signed their multi-trillion-dollar economic stimulus bills into effect.

The amount of money being spent is unprecedented in human history.

So what will the enormous spending program do? It will push simple inflation (a continuing rise in prices due to an increased volume of money and credit relative to available goods and services) into hyperinflation.

That's because fiat money implies by its definition that it self-destructs through depreciation (inflation). Anything that can be created to infinity with political incentive eventually becomes worthless. There are no exceptions. For paper money to work, its issue must be equal to the production of goods and services.

Does anyone think that is the case today? Dream on, if you do.

There is plenty of historical precedent for prolificacy of money creation bringing hyperinflationary chaos which then collapses into depression. The stark reality is that the public has no clue until a collapse arrives and completely destroys their assets and their lives.

A currency collapse is progressing every day with each new dollar that is printed. Now is the time to realize it, rather than later when chaos reigns and everyone is trying to survive at the same time.

We can't have wide open money printing and have a viable and strong currency at the same time. Again I would say dream on if you think so.

So, what are our predictions? Long-dated Treasurys will show huge losses when interest rates begin to rise. In time, Treasury securities will reach "junk status," and in the long term all U.S. debt will become junk. This outcome is near.

You may ask, "But Bob, why would the Federal government leave us vulnerable to such a dreadful occurrence as a spiraling crescendo of hyperinflation?"

Does greed, corruption and general cluelessness sound like a good enough reason?

Even at this time, Treasurys pay less than the rate of official inflation, never mind the unofficial inflation numbers. Millions of retired people are now experiencing a lower standard of living.

The same is true with certificates of deposit, which pay an interest rate less than the rate of inflation. In other words, if you have your money stashed in what you believe is a safe return CD, you are losing money every day.

Though most are oblivious, U.S. dollar savers are being routed. Savings accounts are paying interest rates less than the devaluation of the dollar. This U.S. dollar crash syndrome is an autoimmune disease where people (the rich and the poor) are impoverished because they were thrifty and saved.

But saving your money by putting it under the mattress is no good either. As the value of the dollar shrinks so does the value of your savings.

With depreciating currency comes rising prices. Depreciating currency brings a lower standard of living and equally a permanent loss of asset values. Look to Venezuela as a current example. And Zimbabwe before that. In December 2008, inflation was over a trillion percent and the economy had been "dollarized," signifying that local currency was virtually unacceptable as legal tender. But Zimbabwe is not the only modern example of an economy ruined by government overspending. In fact, there are many other examples:

• Turkey, 2007 — Turkey has suffered from chronic inflation for decades. In 1980, one U.S. dollar was worth 90 Turkish lira. By 2004, a U.S. dollar was worth 1.3 million Turkish lira. As a result, in 2007 the government simply declared a revaluation of the Turkish lira. One million Turkish lira would, from then on, be worth only 1 lira.
• Romania, 2005 — In 1998, the highest denomination in Romania was 100,000 lei. By 2005 the highest had become 1 million lei. The Romanian government then devalued its currency, declaring that one new leu would be worth 10,000 lei.
• Argentina, 2001 — Overspending by the Argentine government resulted in massive inflation in the 1980s and '90s. By 1992, one new peso was worth 100 billion pre-1983 pesos. (Because the old peso had been devalued so much, if Argentines had stuffed their pesos under the mattress in 1982 they would have ended up with nothing.)
• Russia, 1994 — Following the collapse of the Soviet Union, the new Russia saw annual inflation as high as 2,500 percent in 1992. By 1994 it had dropped to 850 percent because of a tightening of monetary policy and the failure to pay wages to workers in state enterprises, a policy that kept prices low by depressing demand. The value of the ruble declined from 40 rubles to the dollar in 1991 to 30,000 rubles to the dollar by 1999.

If the annual cost of living increases just 5 percent or 6 percent, the purchasing power of money will rapidly vanish. And because of negative real interest rates, consumer price inflation will accelerate, a fact not known by the public. The real spending power of households whose income depends on fixed interest instruments will be cut, reducing their standard of living.

For example, in 1933 the Consumer Price Index (the price of a basket of common goods purchased by the average consumer) was 12.8. In 2008 the CPI was 225. In other words, that same basket of goods has increased from just under $13 to $225. Currently, it's 271, and that's without goods and services that actually price inflate — because they have been taken out of the CPI. Who knows what it would actually be, comparatively speaking.

But it would be high, as anyone who has gone to the grocery store or to buy gas has figured out. Once again, inflation is starting to outpace economic predictions.

As prices rise and the lower classes find it increasingly more difficult to buy necessities, O'Bidenomics will increase taxes on the producers and savers even more, hoping to spread the wealth around. As the spending kicks in, the formerly profligate-spending conservatives will claim to have had an epiphany. They will kick and scream at the thought of running up more debt than they already have caused. But that's a farce.

We are still trying to understand America in terms of capitalism and free enterprise, when in fact America is now a socialist country with a pretty face called democracy.

All fiat systems in history have been in socialist states, no matter the national pretense, as in our term, democracy. Socialist states have a history of suppressing their own people. And all socialist fiat money states/countries transfer wealth and production to the state without payment. Of course, as in America today, this transfer takes place via the depreciation of paper money. The owner of the money printing press owns and controls all wealth and production.

How to prepare

You don't have to just sit by and do nothing. There are simple, easy, inexpensive steps you can take right now to protect your family.

I've prepared a 21st-century survival guide called the Ultimate Hyperinflation Defense Manual that I believe can help you prepare for the worst financial threats America now faces.

This manual is chock-full of proven strategies, techniques and information that can make all the difference during the financial emergency that is inflation, or hyperinflation. In fact, my newly-updated and revised Ultimate Hyperinflation Defense Manual can make your life better even if, God willing, we sidestep some of the economic catastrophes that I fear are coming.

That's because the steps you take now to prepare for some of these possible disasters will end up making you financially stronger... more independent... and more self-reliant than you are now.

You won't find this privately printed dossier in stores. I've developed it exclusively for my extended family of readers, and I've packed it with practical, real-world strategies for coping with a financial catastrophe.

Let me give you some examples:

• In addition to physical gold and silver, look to invest in companies that mine the metals. Stock in these companies, as well as those that are involved in the extreme push for green energy, which will have an effect on demand for old-fashioned fossil fuel-reliant systems and processes — especially chip makers — are good bets.
• Consider buying stocks in foreign countries. However, remember that while China is still growing, it is cracking down relentlessly on different sectors, and those stocks are losing 25-50 percent of their value in a day and may never recover. India is still a growing economy in an otherwise dismal global market.
• If you are getting into foreign stocks, be sure you find a broker that specializes in foreign stocks. There are a few in the U.S. When you think you've found one make sure it's not one that trades through domestic market makers through so-called Pink Sheets, which can cost you money.
• There are some blue-chip stocks that are great hedge plays against inflation. These are large companies, foreign-owned, that pay dividends and produce products that are not only popular with Americans, but around the world.
• If you do decide to invest in the stock market, be sure you take delivery of your stock certificates. Don't leave them in the hands of the brokerage house.
• Although most investment advisors recommend government bonds as a conservative investment and inflation hedge, we have slightly different advice, as well as a different outlook on the keys to investing and the preservation of wealth during hyperinflationary times.

One of the most important lessons to take away from former financial crises is that you need to do careful planning for your own survival during the tough financial times that are ahead. We are facing an imminent era of hyperinflation and these steps and more, in addition to everything you need to know about buying and safely storing gold and silver, are included in my special report The Ultimate Hyperinflation Defense Manual.

For years now, we've been reporting on health, investment and personal survival strategies the government hopes you'll never hear about. It's a point of view that is fiercely independent and is focused solely on your individual well-being. That's why if you want even more advice, wealth-building strategies and dozens of ideas to protect yourself from what is happening to our economy right now, I urge you to take a moment and visit this page.

I will help you get your assets out of paper money and convert them to real, physical assets. I'm convinced that you can protect yourself and even increase your wealth over the next several years as the government depreciates the value of the U.S. dollar... inflation goes through the roof... and the price of gold continues to skyrocket. So please go here now! Times of great economic upheaval present rare opportunities to make life-altering decisions not possible at any other time!

Yours for the truth,

Bob Livingston
Editor, The Bob Livingston Letter^®

 

 

POST SCRIPT:

Commodities? Gold has retreated 1%, back below $1,800 per ounce, and silver’s down 3.7% to $23.40. Could this backslide be based on the asinine theory that Jerome Powell will be a better inflation fighter than Lael Brainard?

Financial Tyranny: Footing the Tax Bill for the Government’s Fiscal Insanity

Authoritarians Drunk on Power: It Is Time to Recalibrate the Government

Sen. Blackburn says as many as 6 Senate Democrats waffling on massive social spending bill

 Texas AG Paxton says officials can't keep track of illegal migrants once in other parts of the U.S.

 

 

SIDEBAR

Read A Burglar Reveals 15 Trade Secrets. Whether you live in Washington state or Washington, DC, burglars are all looking for the same things. Why not get a step ahead of them?

Once you get an idea how they think, you can take advantage of 18 Affordable Anti-Theft Tips to Keep Burglars Out of Your Home.

7 Tips for Building an Emergency Food Supply

This might be the most serious threat to our existence...

Maybe even deadlier than the current pandemic!

So you'd better learn this:

Click on the link below to learn:

How to Survive when the Grid Goes Down<<

Famine is one of mankind’s oldest enemies, having existed throughout human history. Regardless of whether the famine was caused by drought or pestilence, the result is usually the same: people suffer and many die… sometimes entire civilizations.

Modern farming techniques have greatly reduced the risk of famine for the countries which can afford the necessary infrastructure to support those farms. But even with the massive infrastructure we have in place, we are still susceptible to drought. Just look at what happened in Southern California a few years ago, when the government decided to give the water in the reservoirs to the Delta Smelt instead of saving it for the farms. Those farms dried up and shut down.

While that affected the cost of food, it was merely seen as a blip in overall food prices…it will worsen however.

Take a look at the average prepper’s pantry and you’ll see lots of rice, beans, pasta, canned veggies, dehydrated fruits, and so forth. But take a look at their daily diet and you’ll see lots of beef, steak, chicken, and other meats. See the problem?

Many preppers love to eat meat, but unfortunately, they have a tendency to only store it in the fridge or freezer. What are they going to do for meat if the power grid goes down and the refrigerator no longer works?

The good news is, there are more ways to store meat that most people realize. In this article, we’ll take a look at ten ways to preserve meat without a fridge or freezer, divided into the five most common and the five least common. ..

​10 Ways to Store Meat Without a Refrigerator

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You may also like...

​Make Your Own Meat Powder (5 Year Shelf Life)

 

CREATING AN EMERGENCY FOOD SUPPLY-FOOD SURVIVAL REPORTS-FREE

Compliments of: The PoorManSurvival team

https://1drv.ms/u/s!AgMpmQI6plfXiBqUHg-8SkA59L8f?e=YJZavA

 

 

Better –Safe- Than- Sorry Super Emergency Survival Kit

No one believed Noah until it was too late…

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

Better –Safe- Than- Sorry Super Survival Kit

Your Emergency Survival Kit Includes:

 

•  Solar phone charger
• 72-hour 4Patriot emergency food pack [25 year shelf life
• 4Patriot Greens sample pack [Power supplement]
• 3 Luna Nutrition bars [assorted]+Sunmaid raisin pouch
• Cleaning Wipe Pack
• Steel River Emergency Tent
• Mini  First Aid kit
• TRS 5N1 EDC folding tool
• 3-package meal sampler
• Paracord bracelet w/ compass
• Reusable Face Mask
• Personal Water Filter Straw
• 11-Piece Emergency Survival Kit 

More at:

https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466

 

FREE e-books…Includes the original book by Libertarian Harry Brown’s ‘Live Free in an Unfree World.’ We had the honor of meeting him at a political function in MI before he passed away…PLUS a guide to surviving inflation!

 Download at: https://1drv.ms/u/s!AgMpmQI6plfXiE2M3af5iSABRbKo?e=9eKaUr

Inflation Report: https://1drv.ms/b/s!AgMpmQI6plfXh1RsZVn1Sl-qx_kO

4 FREE Digital Reports:

• The Water Survival Guide [Download]
• The Survival Garden Guide [Download]
• Top 10 Items Sold Out After A Crisis - [Download]
• How to Cut Your Grocery Bills in Half [Download]

 

URBAN SURVIVAL HANDBOOK

https://cdn.4patriots.com/downloads/pdf/reports/4Patriots-Ultimate-Survival-Handbook.pdf

 

 HAPPY THANKSGIVING

RESOURCES

 

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

https://www.bonanza.com/listings/Volt-Solar-Power-Bank-Great-for-Emergency-Power-Anytime/10

 

 

Free enterprise, limited government, individual freedom!

 

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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!

 

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http://RetroGuy.net

 

 

 

 

A Smoking Frog Feature, Shallow Planet Production