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Monday, May 23, 2022

Reduction in lifestyle? Simple Fixes to economic problems

 

Poor Man Survival

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Simple fixes to our economic problems that establishment elites won't allow

I think one of the great misconceptions about the economic crisis is that solutions are always dependent on centralized government action. In truth, most financial disasters are actually caused by too much government action and involvement. This is not to overlook the fact that central banks like the Federal Reserve are also primer culprits; their machinations which are independent of government oversight fall into the category of deliberate sabotage.

 

 Basically, the Fed bankrolls the corruption through fiat money creation while government officials and corporations utilize the money to wreak havoc on our living standards.

Ending the Fed would solve the fiat money problem, but there's still a host of agenda-driven politicians and bureaucrats to deal with before our nation can right the ship.

Really, the best way to fix our system would be to first force the government to interfere less. As a point of reference, consider the common media narratives surrounding the COVID pandemic. Along with the White House, the media has been the premier driver of irrational fear over the spread of COVID, which ended up being a minor threat compared to the hype as the median Infection Fatality Rate was no more than 0.27 percent. Yet, in response to this nothing-burger bureaucrats declared a national emergency requiring insane and unconstitutional lockdowns.

The lockdowns damaged the economy in ways people are only now beginning to comprehend, with hundreds of thousands of small businesses lost across the country. Not only that, but in response to the economic implosion the elites created, they then created over $6 trillion in new money through the Fed in a single year. This helicopter money or UBI (Universal Basic Income) has expedited a stagflationary disaster and helped to push prices on necessities to 40-year highs.

The media claims it was "COVID that caused the crash," but this is a lie. It was the response to COVID that caused the crash. The virus was merely incidental to the economic sabotage by governments and central banks. As we saw in conservative red states that defied the lockdowns and the vax mandates, economic activity thrived while leftists blue states suffered. And what did these blue states get in return for their economic sacrifices?  Nothing. COVID infections continued to rage in blue states and deaths often outpaced red states with similar-sized populations.

In other words, the lockdowns, the mask mandates and the attempts to force vaccinations through medical tyranny saved zero lives and possibly made things worse. This is the legacy of government micro-management (And yes, let's not forget that Trump went along with these lockdowns at the beginning of the pandemic also. Biden is just the dirt-bag that continued the measures despite the massive amount of evidence that they don't work).

While the COVID event illustrates my point in a big way, there are a lot of more subtle problems that government intervention has caused that add up to one big fiscal calamity. Many of these threats require relatively simple solutions that government elites will rarely address and will try to stop at all costs. Here are just a few examples...

Inflation and stagflation? Back the dollar with hard commodities

The Federal Reserve and their minions have spent the better part of a century trying to convince the public that a gold standard for our currency is what caused the Great Depression and what could cause future depressions. They claim that limitations on money printing strangle liquidity and disrupt velocity. This is a lie.

Former Fed chairman Ben Bernanke openly admitted in 2002 in a speech in honor of Milton Friedman that it was the central bank that actually caused the deflationary collapse of the 1930s, not the existence of the gold standard. This rare moment of truth from a fed official was perhaps due to the sheer amount of evidence that Friedman often cited that contradicted the original anti-gold propaganda. Or maybe it happened because the banking elites did not see Friedman as a particular threat and figured no one among the public would read Bernanke's speech anyway.

In fact, a commodities foundation held the U.S. economy together for centuries until the Fed came along and the government slowly began removing gold from the picture. All subsequent economic crisis events have been exponentially worse ever since. When a commodities standard is employed, stability always follows. Just look at what has happened in Russia recently; their currency was on a downward spiral due to international sanctions, yet, when they reopened markets this past week the Ruble skyrocketed back to normal. Why? Because Putin had the currency coupled with gold. It's really that simple.

The U.S. and parts of Europe are facing their own inflationary disasters, and this is largely due to the unchecked avarice of central bank stimulus and government spending. The only way to secure the dollar's existence as a stable store of wealth would be to back it with hard commodities like precious metals (among others). This might kill the dollar's world reserve status because fiat printing would be impossible from that point on, but I got a news flash for those that hate the idea of grounding the dollar in commodities:  We're going to lose world reserve status anyway, and it's going to happen soon.

One third of the world's population including Russia, China and India are already breaking from the dollar in bilateral trade. The U.S. might as well accept this as the reality and prepare to mitigate the coming currency collapse by supporting the dollar with commodities.

Oil shortages and energy inflation? Stop interfering with oil exploration

In early February of this year, the Biden administration made legal filings that halted new oil and gas leases including exploration due to conflicts over "climate costs." This interference with America's oil independence is only one of many instances starting with Biden's sabotage of the Keystone Pipeline in 2021. Interestingly, with gas prices doubling ever since Biden entered office, the White House now claims that they have nothing to do with energy inflation and are not preventing drilling in the U.S.

During the same period, Russia was establishing a 30-year oil and gas contract with China and laying the groundwork for a major pipeline to be finished by 2025. Russia was planning ahead while the U.S. was shifting from energy independence and a net exporter of oil, to once again becoming dependent on authoritarian regimes in the Arab world. Why?

Biden's excuse is usually climate alarmism. The Earth's temperature has only risen by 1 DEGREE CELCIUS in the past 100 years according to the NOAA, so the main argument against oil production in the U.S. is based on the fallacy that man-made carbon has any bearing whatsoever on climate changes. But maybe the carbon fraud is just a distraction from something else?

To fix any supply and demand issues in the U.S., we only need to start producing once again at levels that were easily obtainable in 2020. But what if the issue of supply contraction is not the main cause of oil inflation? I would note that the dollar is not only the world reserve currency but also the global petro-currency. Until recently, almost all oil was traded internationally using dollars. The decline or collapse of the dollar's buying power due to money printing and runaway inflation is more likely the direct cause of rising oil prices, and supply issues are secondary.

If the dollar was to collapse due to inflation, oil would be one of the first early indicators. With the establishment blocking new oil production and hindering the most cost-effective method for oil transport (pipelines), an engineered decline in supply becomes a very effective smokescreen for the death of the dollar. The crisis caused by the government and the Federal Reserve's currency destruction could then be blamed on supply chain issues and climate "peril." This is the reason why the establishment will not allow any future growth in U.S. oil production. They cannot allow the public to realize the precarious position our currency is in.

Debt and liquidity crisis? Let states establish their own banks and currencies

The state of North Dakota has an interesting model for economic independence, which utilizes a state-sponsored bank designed specifically to help businesses in North Dakota.  I would say it's bizarre that this idea has not become popular across the nation, but I understand that if it did, the federal government and the central bankers would be very unhappy.

Here's the thing, while it is true that the Constitution explicitly states that the U.S. Treasury becomes the only issuer of U.S. currency, this was done at a time when our currency was backed by gold and silver and there was no corrupt middleman in the form of a central bank. In truth, the Treasury is now second fiddle to the Federal Reserve, and the constitutional regulations on money have already been broken. It's time for a new currency model and banking model.

An official bank in each state could decentralize power away from the Federal Reserve in terms of how debt and interest rates are handled, creating something closer to free-market discovery of interest rates rather than a rate dictatorship controlled by the Fed. By extension, each state could also issue currency scrip legal for use only within the borders of those states. This would create a secondary safety net against inflation in the dollar.

In other words, we decentralize the banking system, and we offer state alternatives that function not so much as competing currencies but as parallel or complementary currencies backed by and exchangeable in certain commodities. I believe very strongly that this model (along with a couple of dozen other measures I don't have space to cover here) could save our country from decades of economic mismanagement and bring us back from the brink of catastrophe.

States could do this without the permission of the federal government or the Federal Reserve, but I have little doubt that the elites would be in an uproar. Make no mistake, states will have to move to decouple from the national financial system and build alternatives as soon as they realize that the dollar is tanking, and stagflation is here to stay. And when they do, the establishment will declare such actions on par with "insurrection."

In the meantime, there are numerous preparations, and each individual can make in their local communities to insulate themselves from economic dangers. There are those that will say that local measures are only a stopgap and more national action needs to be taken. They are partially correct; in the long run, there needs to be wider organization toward free markets once again, along with redundancies in state economies. In the short term, we must do what we can.

Ultimately, the clearest solutions to our fiscal fate are not pursued because the elites do not want to save the economy, at least not in a way that ends up with them having less power. They want even more power and centralization that extends beyond national boundaries into the realm of a single global currency and a single globally managed market. Fixing the system can't happen because they won't let it happen.

This means that the only fix that truly matters will be the one that allows all other others to progress, and that fix is to remove these people from positions of influence and authority. You can't really repair the body in the wake of an illness until the offending disease is first eliminated.

To truth and knowledge,

Brandon Smith


Postscript



Everywhere access to food, fuel and power are more and more expensive, and shortages are growing…will impact your family. Major nations have been asked to pay for Russian oil and gas with rubles, Euros, and even Bitcoin; anything but the dollar. I’ve spoken about the death of the Petrodollar in the recent past, and every day it’s becoming less concept and more reality. What does it mean for the economy? Will it exacerbate hyperinflation? 

Food riots. Recession warnings. Oil shortages. Inflation spiking. All of these things are connected and spring from the same source; defective “leadership.” Serious predicaments and unserious leaders mean it’s time to prepare

IS inflation masking signs of an economic slowdown, cautioning the Fed to not overestimate how difficult it will be to cool the economy through monetary policy. Desmond Lachman warns that a deeper-than-normal recession could be on the horizon in response to the Fed’s tightening…

DUMP DEMOCRATS

Reject Globalism, Starting Locally In the upcoming election cycle you will witness the elites’ continued efforts to stir up racial animosity and manipulate the people against one another.

 Manipulating minorities who are naturally drawn to socialism is basic political strategy to cover government crime and justify government politics and plunder. The principle of government is that political power is maximized by forcibly leveling every individual to the same status of conformity, collectivism, egalitarianism and serfdom. But the American system was not one set up for a royalty serfdom-based relationship, socialist-style elitism or professional politicians

SIDEBAR

The inflation riots have begun. Peru and Sri Lanka both are experiencing violence as inflation spirals the prices of basic necessities higher and higher.

The price of fertilizer has been soaring to record highs across the globe. Key sources of nitrogen, potassium, and phosphorous – important inputs into soil fertility, crop yield, and plant maintenance – have all gone vertical

There are numerous indicators that a recession is on the way.

The government released the latest inflation data and the results were the worst we have seen in forty years. The retail number came in at 8.4% and the wholesale number clocked in at 11.2%. Of course, the retail number excludes the things that people buy, like food, fuel and housing. These numbers also rely upon the new math rather than old math used the last time inflation was an issue. By the old inflation standard, retail inflation is over 15%

As Americans feel the squeeze of rising inflation, fears are growing that a recession is around the corner.  Some are saying that inflation has peaked, and it’s going down from here.  That is wishful thinking as long as war is being pushed in Ukraine and Russia.  Sanctions are getting more intense, and prices are going up with them. 

An Inflationary Black Swan Is Haunting the Fed

 


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You saw how the supply chains were broken last year...and still are. You never thought you’d see it in your lifetime, but you did. Empty store shelves, like 1980s Russia.

And though it seems to be easing, health experts tell us to expect another pandemic.

If that’s not enough to drive you to drink, now there’s war in Europe!

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Prepare to Reduce Your Standard of Living

Despite claims to the contrary, America’s inflation crisis will get much, much worse.

Is “Meltdown” The Correct Term To Describe The Current State Of The U.S. Economy?

Biden turning America into 3rd World Nation…Mothers can’t find baby formula as Biden sends supplies to illegals [which now number 1.6 million]! Gas prices hit new high while idiot in charge stops off shore drilling-IMPEACH this rat]

 

Skyrocketing food prices are alarming lawmakers, who worry about the mounting impact on U.S. consumers and rising hunger around the world. 

 On Wednesday, the Labor Department reported an annual leap of 9.4 percent in food prices as of April, representing the largest 12-month increase since 1981.

I'm sure many of you saw the USDA's Food Price Outlook 2022. It is the USDA's Consumer Price Index for food, which measures inflation. According to this article on USA Today, the USDA's Food Price Outlook 2022 "is up 7.9% from February 2021, the largest increase since May 1981."

This week, we take a look at some of the grocery price increases we're likely to see and some things you can do to help keep grocery costs in check.

5 Simple Budget Cuts That Can Save $200 a Month

Saving money doesn’t have to be painful. With these five easy budget cuts, you can put a little wiggle room back in the budget. Your family will have an extra $200 to pay bills, save up for summer vacation, or put toward some other financial goal.

Free and Extremely Cheap Sources of Mulch for Your Yard and Garden

Before overpaying for those bags of mulch at your local garden center, take advantage of these extremely cheap and free sources of mulch.

Food storage that controls temperature and decay is essential, and when there's no power it becomes significantly more difficult. Read Bill's article to learn some history and how-to about storing food in a root cellar. 

Alternative and Backup Cooking Methods


 Kitchen Cleaning Can Lead to Interesting Menus

 Prepper Building Post-Apocalyptic Internet

 

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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

 

Remember:  You can’t buy life insurance after you’re dead!



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Free enterprise, limited government, individual freedom!

 

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You Can’t Buy Life Insurance After You’re Dead

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A Smoking Frog Feature, Shallow Planet Production

 

 

4 comments:

George said...

Biden's policies have created a nightmare for the Middle Class-that's their goal.

Sam said...

CBS Poll: Big US Majorities Worried, Uneasy or Frustrated Amid Economic Concerns

Tommy said...

Global forces such as supply-chain disruptions, severe weather, energy costs and Russia’s invasion of Ukraine have contributed to rising inflation rates that have spooked stock market investors and put President Joe Biden’s administration on the defensive.

But the pressure is felt most directly by shoppers doing their weekly runs to grocery stores, where some items that used to be plentiful have been missing for months and where prices for produce, meat and eggs remain stubbornly high.

Ed said...

Outstanding resources my friend-you should lead the revolution against socialists!