Poor Man Survival
Self Reliance tools for
independent minded people…
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2161-5543
A Digest of Urban
Survival Resources
Something That We Have Been Waiting For Just Happened, And It Is A Really Bad Sign…
There has been a lot of talk recently about “the death of the
dollar”, but the truth is that the euro is in far bigger trouble.
Inflation in the Eurozone has risen to truly frightening levels, and the war in
Ukraine threatens to plunge the major economies of Europe into a very deep
recession. Russia holds the key, because if Russia completely cuts off
the flow of natural gas to Europe it really will cause an unprecedented
economic nightmare. Even now, energy prices in Europe have already soared
to absolutely insane levels, and the Russians could make things much, much
worse with a single decision. The Europeans should have never allowed
themselves to become so dependent on Russian energy, and now they find
themselves stuck between a rock and a hard place.
So with everything that has been going on, it shouldn’t be any
surprise that the euro has been steadily falling.
In fact, on Tuesday the euro reached parity with the dollar for
the very first time since 2002…
The euro hit parity with the U.S. dollar on Tuesday for the first
time in 20 years, meaning that the currencies have the same worth.
The euro fell to $0.9998 against the dollar, it’s lowest level
since December 2002, as the euro zone’s energy supply crisis and economic woes
continue to depress the common currency.
For years, I have been warning that the euro would eventually fall
so low that it would be at parity with the dollar, and now that day has
arrived.
And I have also been warning that such an event would be a really
bad sign for Europe, because I always felt that hitting parity with the dollar
would be an indication that a collapse of the European economy had begun.
In the short-term, everyone is going to be watching for what
Russia does next. On Monday, the Nord Stream 1 pipeline was shut down for
a regularly scheduled 10 day
period of maintenance…
Fears of a recession have grown in recent weeks due to rising
uncertainty over the bloc’s energy supply, with Russia threatening to further
reduce gas flows to Germany and the broader continent.
Russia temporarily suspended gas deliveries via the Nord Stream 1
pipeline on Monday for annual summer maintenance works. The pipeline is
Europe’s single biggest piece of gas import infrastructure, carrying around 55
billion cubic meters of gas per year from Russia to Germany via the Baltic Sea.
Many analysts in the western world are greatly concerned about
what will happen if the Russians don’t turn the gas back on when the 10 day
maintenance period is over.
If it doesn’t get turned back on, we are being warned that Europe
could actually be facing a “doomsday
scenario”…
As such, DB’s Jim Reid said that July 22, the day gas is supposed
to come back online, could be the most important day of the year: “while we all spend most
of our market time thinking about the Fed and a recession, I suspect what
happens to Russian gas in H2 is potentially an even bigger story. Of course by
July 22nd parts may have be found and the supply might start to normalize.
Anyone who tells you they know what is going to happen here is guessing but as
minimum it should be a huge focal point for everyone in markets.”
Fast forward to today when, one day after the start of the scheduled
10-day shutdown period which has already sent flows through to NS 1 pipeline to
basically zero…
… and the market is now focusing on the worst case scenario: what
happens if Russia cuts off all gas on July 22, the day even Bloomberg
has now dubbed Europe’s “doomsday scenario.”
So let’s watch and see what happens on July 22nd.
If the Russians decide that it is time to completely cut off the
gas, European financial markets will go completely haywire.
Of course energy prices in Europe have already gone completely
nuts, and authorities in Germany are preparing to use “sports
arenas and exhibition halls as ‘warm up spaces’ this winter”…
Cities across Germany are planning to use sports arenas and
exhibition halls as ‘warm up spaces’ this winter to help freezing citizens who
are unable to afford skyrocketing energy costs.
Bild newspaper reveals how the the nation’s Cities and
Municipalities Association has urged local authorities to set aside public
spaces to help vulnerable citizens in the colder months.
This isn’t how things were supposed to play out.
The “green energy revolution” was supposed to have totally
transformed Europe by now.
But that hasn’t happened and it isn’t going to happen.
On the other side of the Atlantic, we continue to get more signs
that the U.S. economy is headed for serious trouble as well. For example,
we just learned that home sale cancellations have risen to the highest
level since the
early days of the COVID pandemic…
Approximately 600,000 home purchase agreements fell through in
June, according to a new analysis by Redfin.
The figure is equivalent to 14.9% of homes that went under
contract during the month, an increase from 12.7% in May and 11.2% a year ago.
And as the greatest housing bubble in our entire history starts to
implode, companies in the industry continue to lay
off more workers…
Another lender is resorting to layoffs as the mortgage market
shrivels.
Tucked in near the end of a business plan released Tuesday
morning, loanDepot announced it would shed 4,800 people, or 42 percent of its
workforce.
About 2,800 of them have already been sent packing as the firm
slashes headcount to 6,500 from 11,300.
The last housing crash was really painful, and this one is going
to be even more bitter.
Meanwhile, the Biden administration is warning that we are about
to see another
huge inflation number…
White House press secretary Karine Jean-Pierre Monday said the
administration expects a high inflation number when the new Consumer Price
Index (CPI) is released Wednesday, but downplayed any fault of President Biden
in the matter.
“On Wednesday, we have new CPI and inflation data, and we expect
the headline number, which includes gas and food, to be highly elevated, mainly
because gas prices were so elevated in June,” Jean-Pierre said. “Gas and food
prices continue to be heavily impacted by the war in Ukraine.”
The Biden administration has lost control, and Joe Biden’s
approval ratings continue to sink to horrifying new lows.
The Federal Reserve has lost control as well, and if Fed officials
continue to raise interest rates they are going to greatly accelerate this new
economic downturn.
If you are waiting for our leaders to rescue us from the economic
nightmare that is now staring us in the face, you are going to be greatly
disappointed.
The great “unraveling” that I have warned about
for so long is
here, and it is going to be exceedingly unpleasant.
I hope that you are doing your best to get prepared for the road
that is ahead, because we are in for a really bumpy trip.
***It is finally here! Michael’s new book entitled “7 Year
Apocalypse” is now available in paperback and for the Kindle on Amazon.***
SIDEBAR
Sticking With a Frugal
Lifestyle Month after Month
Do you struggle to stick with your frugal lifestyle long-term?
Here’s how to live frugally month after month even when those around you aren’t
living frugally, and you just don’t think you can pinch one more penny.
How to Store Emergency Water in Your Car
Your car should be an essential part of your disaster plan. It
can be your means of escape during a fast-moving storm or wildfire. Or we might
encounter an emergency – such as blizzard conditions or flooded roadways – that
could keep us stuck in our vehicle for many hours, like the thousands of
drivers who were stuck in their cars during a snowstorm in Virginia.
You may already have a bag of emergency supplies stowed in your
trunk for just such a scenario. But the chances are good that you don't have
enough water. Many of us tend to focus on food and survival gear rather than
the main thing upon which our lives depend: water.
Although you can survive for several weeks without food, the
average person can survive for only about three days without water. All of our
bodily processes depend on hydration. Water controls body temperature,
breathing, digestion, brain activity, cardiovascular function, and waste
removal...
How to Store Emergency Water in Your Car
You may also like...
10 Ways to Store Your Emergency Water
USEFUL RESOURCES
Cheaper
Weed Killer-Use
vinegar instead of expensive store-bought weed killer [can be diluted w/ 20%
water & a drop or two of liquid dish soap]
The
Lost Ways PDF-a good survival book!
·
Unlike various other
survival books, The Lost Ways is extremely detailed book with
survival strategies for any type of disaster ranging from economic crises to
famines, wars, water scarcities and many more. It is always a benefit to have
physical duplicates which you could carry around; here are PDF versions.
https://sites.google.com/site/thelostwaysmj7bf5w2/home/the-lost-ways-free-pdf
==> Watch A Cartoon DESTROY
‘Common Sense Gun Control’ Arguments In Under 3 Minutes [Video]
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!
When you think about packing up items to help you survive a
natural or human-made disaster, you often think of backpacks. And there is good
reason.
Backpacks are sturdy, lightweight, and with multiple pouches and
pockets, they allow you to stow a large number of essentials. They come in
expandable widths and sizes to fit even your smallest family members. And the
best part is that your hands remain free with a backpack.
Super Emergency Survival Kit
- 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
And more…
https://www.bonanza.com/listings/Better-Safe-Than-Sorry-Super-Emergency-Survival-Kit/1143536466
CREATING AN EMERGENCY
FOOD SUPPLY-FOOD SURVIVAL REPORTS-FREE
Compliments of: The
PoorManSurvival team
https://1drv.ms/u/s!AgMpmQI6plfXiBqUHg-8SkA59L8f?e=YJZavA
Useful
Resources from our storefront-See new items!
You Can’t
Buy Life Insurance After You’re Dead-Prepare NOW for Emergencies…
A
portion of our proceeds is donated to charitable Veterans groups such as
Wounded Warriors & the VFW!
Support our efforts by shopping my
storefront…
3 comments:
Thanks to you & other reliable sources, we've expected crap news about the economy ever since the fools installed Biden has our blind 'leader.'
Amen brother!
The globalists have unleashed a wrecking ball on the world.
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