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Tuesday, June 16, 2015

Free Resources Right in Your Own Neighborhood


Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources


"My father taught that the only helping hand
you're ever going to be able to rely on
is the one at the end of your sleeve."

-- J. C. Watts, Jr.

 

 

 

 

A Free Resource Right in Your Own Neighborhood
Russ Erganbright is one of the more resourceful members of the [Grow] Network.  He is always working on new and exciting projects, doing experiments, and generously sharing his findings with all of us.  The cost of all those experiments can really add up, and Russ is a little, how should I say it... "conservative" with his money.  Actually, as Russ puts it, he's downright cheap!  I have a feeling that this is a common trait around these parts of the internet.  Not many of us organic gardeners are out blowing money at the big box stores - we're more likely to be found out back gathering up all the used cardboard boxes and shipping containers.  Well, Russ wrote in to tell you about a great resource that can be found right in your own neighborhood.  And get this - it's usually available for free.

"I wasn't raised to be thrifty, far from it.  I grew up in an upper middle class family and fully enjoyed the fruits of my father's hard labor.  Was I spoiled as a child?  Well, to be honest, I was.  However, as an adult, for whatever reason, I escaped this infliction and no longer feel this entitlement.  In fact, when describing myself, I like to use the term 'cheap'..."  Read about Russ' favorite free resource here:

http://growyourowngroceries.org/a-free-resource-right-in-your-own-neighborhood/

 

Looking for a particular manufacturer's cents off coupon? This database will help you find when and where it was published…


 
Free Landscaping - I've been busy trading plants with my friends and neighbors. Many plants need to be divided or propagated, so we all swap what we don't need. It's a great way to bring variety to a yard or garden without spending any money!

DIY backyard play areas provide fun for your family!
read more here   
 

Water Waster

Everyone is aware of the water shortage in California. We don't have a shortage where I live, but water is expensive, especially since I have a nice garden each summer. I found that a drip irrigation system in my garden works just as well as more traditional sprinklers, but uses just a fraction of the water.

 


Perspectives on Mobile Living:  How much does anybody need? Without Bound: Perspectives on Mobile Living seeks to answer this question through testimonials from people who voluntarily live "off the grid" in any form of vehicle or mobile home. Noting that 47% of the average American's take home pay is spent on housing, the film focuses on the imbalance of freedom versus comfort in modern society.  http://topdocumentaryfilms.com/without-bound-perspectives-mobile-living/

 

 


More Useful Resources for Better Living


 
Your bank account: The next thing to go obsolete (CNN Money): "Not only is banking not for everyone, accounts are inaccessible to about half of the world. People are too poor, live too far from a bank or don't have the required documentation. Abra, a new startup, makes banking more accessible while completely cutting out the actual bank."
 

 
Tools to become more financially saavy...
 

·        Take courses through such sites as Coursera.org

·        Get the basics from the National Endowment for Financial Education at: nefe.org, Kiplinger.com and aarp.org/money

 

 

Not Driving Today

As a work-at-home mom, it seemed like I had an errand or two to run every day. Not only was this taking an hour or so out of my day, but it also required me to gas up the car more often. So I decided that Tuesday and Thursday would be "no drive days" at our house. Unless there's some type of emergency, I do everything I can to avoid running any errands on those days. I've found that I'm saving both time and gasoline.

 


$What to do if the Dollar Collapses$

A very useful free report from the Poor Man


 

 

Yours for a happy, healthy life!

Bruce, the Poor Man

 

 

Books, Art, Video – the saucy, the odd, the retro, even the practical…


 

 

 

A Shallow Planet Production

Sunday, June 14, 2015

Live large in a small space-if the government will ‘allow’ you…


Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources

 

 

"Revolution is not something fixed in ideology,
nor is it something fashioned to a particular decade.
It is a perpetual process embedded in the human spirit."

-- Abbie Hoffman

 

Live large in a small space-if the government will ‘allow’ you…


 


Where would you go if suddenly you and your family had to leave your home due to a disaster? With neighbors likely to be experiencing the same problem, staying with them wouldn’t work; and the same would probably hold true for any family and friends in the immediate vicinity.

Wouldn’t it be great if you had a small house waiting for you for just such an occasion? Perhaps you could have one located 30 minutes to an hour away that you’d already been using as a secondary location for emergency food and water supplies in case your primary home was destroyed.

This scenario is a reality for some people who have joined the tiny house movement. While the average American home has about 2,600 square feet, the typical “tiny house” has between 100 and 400 square feet.

Personally, while I love the idea of downsizing, I’d have a difficult time living permanently in a tiny house. I’d feel claustrophobic and probably would not be a joy to live with. But having a small house to store my stuff and where my family and I could survive just fine for a few days, a week, a month or possibly even a year until a crisis passed would be ideal.

Why are some retirees and others making tiny houses their permanent residences? Money is one big reason. For as long as they can remember, they’ve spent at least one-third of their income on their dwelling. That translates to 15 years of working to pay for it. This is one reason why more than three-fourths of Americans are living paycheck to paycheck and why so many are trapped in spiraling debt. With tiny houses, some of which can be purchased for under $30,000, there is no mortgage.

Others choose tiny houses due to environmental concerns. A small house uses far less energy than a medium-sized or large house while limiting the carbon footprint significantly. It’s said that the average house consumes about three-quarters of an acre of forest, produces seven tons of construction waste and emits 18 tons of greenhouse gases every year.

Still others are looking for more time, freedom and self-sufficiency. Having a tiny house certainly grants them those highly valued commodities, due to the fact that there is so much less cleaning and maintenance than they would encounter with a standard-sized house.

Some people build tiny houses on their property and use them as art studios or to house aging relatives, while others use them as home offices or temporary guest houses for adult children who return needing a place to stay until they get their feet on the ground. Still others plan to retire in these very small abodes.

For me, a tiny house represents the best of both worlds: an ideal secondary location now for storage of food, water and other essential times and a safety net for the future should the unthinkable happen and a home is destroyed by a natural or man-made disaster. And nothing can beat the peace of mind that comes with the knowledge that you’ll have shelter when you really need it.

–Frank Bates

This entry was posted in On Your Own and tagged Preparedness.

 

Michigan Police Seize Kids from Family For “Camping”


Michigan is a weird place especially when it comes to what you cannot do on your own property-I know first- hand what a bunch of idiots local bureau-rats can be.  Since many rural areas don’t bother to publish their requirements online or anywhere else, one must be a psychic to know what the rules are…until they trespass on your property and become high and mighty with their dictates…

 

Last month, a Michigan family decided it would be fun to go camping for the summer, on a 10 acre plot of land they had recently purchased. Christopher and Antonia Hernandez wanted their six children to experience the outdoors, and get a taste for off grid living. But after living in several large tents for 9 days, their rural experiment came to an abrupt end.


 

 

 


Resources of the Week…Please Share!

  • Where should you keep your emergency fund? (Yahoo): "If you are building up your emergency fund and looking for a better place to keep it than under the mattress, check out these options of places to park your emergency fund."

  • 9 Ideas for Hanging Out With Friends on a Tight Budget (Money Crashers): "It’s sad to contemplate whether it’s worth hanging out with friends, but it’s even worse when you want to socialize but stay home, bored and lonely, to stay within the constraints of your personal budget. If you feel like you’re constantly weighing your friendships against your finances, it’s time to reconsider your approach."
  • OmniFocus: I love tools that make work more productive and enjoyable. Recently I stumbled upon OmniFocus, a program for the Mac that makes organizing projects a snap. It's like a To-Do list on steroids.

Credit Sesame Now Pays You to Get Your Score: I just learned about this last night. Credit Sesame will now pay you $1, deposited into your PayPal account, when you get your free credit score.

 

 

Yours for a happy, healthy life!

Bruce, the Poor Man

 

 


Books, Art, Video – the saucy, the odd, the retro, even the practical…


 

 
 
A Shallow Planet Production

Thursday, June 11, 2015

Cutting a Water Bill in Half, 10 Uses for Dish Soap, Can you come up with $400


Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources

The state is what Nietzsche called “the coldest of all cold monsters.” It has one imperative: growth. The regulatory state won’t be slain easily. But here’s the question: if not now when, and if not by us, who?

If everyone ignored the petty, idiotic rules the government couldn’t possibly enforce them. Widespread civil disobedience would overwhelm the system, letting us “pour sugar into the gas tank of the government.”
 
 

10 Reasons Dish Soap May Be the Only Product You Need

That little inexpensive plastic bottle of Joy or Palmolive (or store brand, if you’re thrifty) is actually far more useful than we give it credit for! Not only can you clean a sink-full of dirty dishes with it, you can do everything from lightening your hair color to ridding your pets of fleas!
Instead of heading to the supermarket and spending a small fortune on products that fix squeaky hinges, kill the weeds in your lawn and clean your air conditioning units, use that inexpensive bottle of dish soap you already have to handle all of that.
The key to maintaining a household budget is knowing how to get the most out of what you already have.
Here are 10 ways dish soap comes to the rescue!
 
How Heirloom
Cooking Saves Money

Are you looking for a way to shrink that ever larger grocery bill? Many people are. According to the USDA, food prices are up about 3% from last year (although it seems like more). Could heirloom cooking methods save you money on your grocery bill? To help us understand what heirloom cooking was and how it works, we contacted Valerie K. Hanson. She's an executive chef with a unique licensure from USDA to teach food preservation (canning, etc.) Read more.
 

27 Ways to Keep Fresh Food Fresh Longer

Some of these methods may sound crazy, but Buzzfeed claims they really work to keep food fresher. For instance, they say keeping onions individually wrapped in pantyhose can keep them fresh for up to eight months.
 
 
A few more goodies for you to enjoy and share…


Could you come up with $400 in a pinch? It’s likely you know someone who couldn’t
For much of the country’s population, the American dream is a far cry from the paycheck to paycheck nightmare of their American reality. Just under half of Americans would be forced to take drastic measures such as selling off belongings, borrowing money from family and friends or taking on high-interest payday loans if confronted with a financial emergency requiring a mere $400.
 
Quizzle vs. Credit Karma vs. Credit Sesame: These three credit scoring services share a lot in common, including that they are all free. But there are some important differences, too.
Watering Your Garden
I'm a big believer in using what nature gives us. One of those things is rain. I've rigged my gutters to pour the water into rain barrels. The rain barrels are hooked to a hose that I can use in my garden. Instead of water running off my roof and overwatering my lawn, now it's used to help grow veggies. You can find rain barrels online very inexpensively
 

How to Cut Your Water Use in Half

California now has mandatory water saving restrictions, but it is not such a bad idea for everyone else too. Here are tips from Consumer Reports on how to cut your water usage in half.
 
3 Financial Moves to Make When You Get Fired
You're fired! Your stomach sinks, your mind is spinning and you can't decide whether you want to jump out the window or push your boss out the window. But keep your head, people get fired every day. Take three steps to ease the financial pain of getting fired.
 
 
 
 
 
Having just replaced my 19-year old faithful, fuel efficient car due to a blown transmission [my wife promptly hit a deer the 1st day she drove our new vehicle] I thought I would share these tidbits…
 
Repair or Replace My Car?
The average auto in America is over 10 years old. That means that a lot of us will be facing needed repairs. When that happens, we'll be tempted to decide that our old car is not worth repairing and we should find a newer ride. But is that true? Let's look at the 13 questions to ask before you conclude that your old car is not worth repairing.
 
Removing smokey odors from a just purchased used car
read more here

 

Yours for a happy, healthy life!

Bruce, the Poor Man

 

 

Books, Art, Video – the saucy, the odd, the retro, even the practical…


 

 
A Shallow Planet Production

Sunday, June 7, 2015

Hearty Alternatives to Eggs as Bird Flu Kills Chickens


 

 

Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources

 

 

"Good government is the most dangerous government,
because it deprives people of the need to look after themselves."

-- Mahatma Mohandas K. Gandhi

 

 


 


You may have noticed that we have yet another food ‘crisis’ in America…Here are three hearty alternatives…

 

Due to bird flu 25 percent of all egg production in the United States has already been taken offline due to the bird flu crisis?  You aren’t hearing much about this in the mainstream media, but at this point bird flu has claimed the lives of 45 million chickens and turkeys in America.

No wonder so many of our friends have started raising their own in recent months…wish we had.

 

3 Hearty Breakfast Options


We really like to make breakfast burritos and freeze them. You will have to experiment to find out what combos he likes the best, but we scramble a bunch of eggs and mix them with fried potatoes, sausage pieces, onions and peppers. Then we add that mixture to a tortilla with some cheese and salsa. If you do this along with breakfast sandwiches, he will have multiple options for a quick breakfast.

Also, a link for morning glory muffins is at allrecipes.com. These muffins are really great tasting, pretty inexpensive (especially if you get the coconut in bulk from your health foods store), and are definitely "rib sticking."

Finally, have you tried steel cut oats? If you haven't and he likes oatmeal, you should! These oats take longer to cook than regular oatmeal, but they taste wonderful with a bit of brown sugar and cinnamon and are very hearty.

Dinner Make a Hearty Breakfast


If boredom is an issue, why not really mix it up and serve dinner for breakfast? How about a casserole dish? And why is a snack break out of the question? Maybe coming back to the house is out, but taking a sandwich or two along to eat on the run should be doable. If taking a ten-minute break fuels him up to work a few more hours, it's a good investment in time.



Protein Key to Hearty Breakfast


It is my understanding that carbohydrates eaten without an adequate amount of protein will not stay with you long. This is one reason why we have so much obesity today. We are saturated with carbs that actually cause us to produce more insulin that causes us to get hungry quicker so we eat more. If you want your man to be satisfied longer, give him two or three scrambled eggs or an omelet with his oatmeal. Stay away from high sugar, low fiber cereals. Eggs are a powerhouse of nutrition and they are cheap! I guarantee your man will go much longer between meals with that kind of meal for breakfast.

Start Breakfast With Oats

My husband eats the following oatmeal "creation" every morning. It stays with him all morning due to the combination of complex carbohydrates, whole grain and healthy fats. Anyone he has made it for loves it!

He starts with cooking a serving of whole oats or oat groats. He soaks these overnight to soften as they need to cook a long time. You could make a big batch once a week and refrigerate or use the crock pot.

He adds currants or raisins, walnuts and almonds to his bowl of oats. On top of this, he adds one chopped apple. He then pops the bowl in the microwave for one minute to warm the apple. It is delicious! It's hot, sweet, salty, creamy, crunchy and fresh tasting all at the same time. And will definitely stick to your ribs!

You can check cookbooks or online for cooking instructions for whole oats. They can usually be found at health food stores, but if you can't find them, I would recommend steel cut oats, which are the next best thing. Less processed than regular rolled oats, and therefore will stay with you better.

Hearty Breakfast? Oatmeal With a Kick


As an oatmeal fan of long-standing, I can suggest several things to give the farmer a good, filling breakfast.

  1. Fortify the oatmeal with dried or fresh fruit and nuts. Not only will this give the oatmeal more flavor, but also nuts will add fat and protein calories that stick longer. Walnuts particularly have oils in them that help lower bad cholesterol levels.
  2. Peanuts or peanut butter in the oatmeal are an alternative to tree nuts and serve as an alternate source of monosaturate oils (heart-healthy oils).
  3. Add 1/4 tsp. of cinnamon to the oatmeal. Not only does this add spice and flavor, but also cinnamon tends to even out high blood sugar so that he'll not feel as hungry as fast.

If he's still hungry with a solid bowl of nut and fruit-fortified oatmeal in him, he can carry a snack of roasted soy nuts or peanuts in a sandwich bag, sticking it in a pocket for easy access. Handy, healthy and hardy, either can be mixed with cold cereal, candy and/or dried fruit for a tasty in-between meal snack.



Combination Key to Hearty Breakfast


Putting all fad diet "facts" aside, people need a combination of fats, protein, and carbs to fill them up and keep them satisfied for several hours. This is why eating just toast or pancakes won't satisfy someone for the long haul. They are mainly carbs.

However, if you add protein and fat, those basic breakfast foods become stick-to-your-rib meals. Peanut butter on any toast or quick bread is a great, cheap way to add both protein and fat to round out a breakfast. Eggs are literally pennies apiece and can be scrambled and then cooked in the microwave and added to two pieces of toast for a quick breakfast sandwich.

Tuna fish is also inexpensive. Half a can mixed with some mayo and added to bread is an inexpensive breakfast.

Leftover roasts can be turned into beef and gravy toppings for biscuits (like a sausage and gravy type item.) You don't have to eat breakfast food for breakfast if you can get used to the idea.

You might be saving money if you stuck to smaller, simpler meals but not if you get hungry again three hours later. I eat big meals and fewer of them. I never have to snack or take more frequent meal breaks. Plus I don't have to stop what I'm doing to make time to eat.



Eggs Add Variety to Breakfast


I use Scotch Eggs to feed my trucker, and they should work for your farmer! You can find lots of recipe versions in an online search. Basically, you start with a hard boiled egg and mold sausage meat around it. Then they are rolled in seasoned oatmeal and baked. They freeze great, can be eaten hot or cold, and are very convenient and filling for a hard working man on the go.
Annette of Chateauguay, Quebec


Breakfast Burrito for Hearty Appetites


Here is a recipe I recently found that is great. We often even eat it for a filling dinner in a hurry.

4 pre-made hash brown patties
4 eggs
Grated cheese
Garlic salt
1/2 pound pork sausage
1 T. cooking oil
Flour tortillas


Brown sausage in a large skillet, drain and then set aside. Next, brown the hash brown patties. Then join the sausage and hash brown patties together and add eggs and garlic salt. Continue to brown and stir food for another five minutes. Serve on a warm flour tortilla and sprinkle cheese on top.

Whole Grains Are Hearty

Our family eats the same items that you described, but we only use the whole grain version. This "sticks to the ribs" much longer, as it provides more fiber. Any grain product that we might buy is first checked for a high fiber content, as that is the key. Pancake, breads and waffle recipes abound on the internet using whole grain flours. Wonderful mixes can be found at the natural food stores and larger grocery stores, but these are more expensive. At first, I mixed the grain half and half with white flour, until my teenagers' tastes adjusted. Now we are whole-grain only.

[I used to buy 50lb sacks of whole wheat, usually priced cheap, and make my own cereal by soaking over night the portions I needed and then cooking as I would for any other hot cereal]



Breakfast Outside the Box


Carbohydrates do tend to "burn" more quickly; a higher protein breakfast may be needed. Not everyone enjoys meats in the morning and eggs are great, but not every day. I've found several less common grains (amaranth, quinoa, and kamut) that are high in protein and still taste like comfort food. Our food co-op has them in bulk at a very affordable price, but you can also get baking mixes and hot and cold cereals made with them; you'll just pay more for ready made. Soy is also high protein and very affordable. Kashi makes "Go Lean" toaster waffles with high protein flours; when I make a peanut butter sandwich with those, I literally forget to eat until I get home in the afternoon.

You may want to think outside the box a little, too. If it's to his taste, there's nothing wrong with fish or chicken for breakfast. Steam one of those heritage grains with it and he'll definitely be satisfied until lunchtime.

Here's one more suggestion. When I was breastfeeding, I couldn't seem to get enough to eat. I ate constantly (and gained weight) and still felt hungry. Finally, a nurse told me that thirst is often perceived as hunger! I started keeping a water bottle with me, and I found that even though I still needed more calories than normal, I felt more satisfied with a healthier amount of food. Make sure your hard working farmer drinks plenty of water.

More at:

http://www.stretcher.com/stories/05/05feb14a.cfm?fi




A few more goodies for you to enjoy and share…



 
Make Your Grill a Nonstick Surface With This Genius Trick

Easy Low-Fat Recipes for Your Kitchen

The Secret to Perfect, 3-Ingredient Pulled Pork

How to Make Your Own Quick and Easy Pickles

 


Yours for a happy, healthy life!

Bruce, the Poor Man

 

 

Books, Art, Video – the saucy, the odd, the retro, even the practical…


 

 
 
A Shallow Planet Production

Thursday, June 4, 2015

Underestimating our Financial Irrationality & How it Will Cost Us


Poor Man Survival

Self Reliance tools for independent minded people…


 

ISSN 2161-5543

A Digest of Urban Survival Resources

 
"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can't find them, make them."
-- George Bernard Shaw

 

 


As if it wasn't bad enough that the US federal government extorts its citizens for more than $2 trillion per year in taxes and the Federal Reserve devalues the US dollar by nearly 10% per year... but at the same time trillions more is wasted via regulation.

Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took everything that the global economy produced this year and everything that the global economy produced next year and used it to pay all of this debt, it still would not be enough.  According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today.  This is the largest mountain of debt in the history of the world, and those numbers mean that we are in substantially worse condition than we were just prior to the last financial crisis.

Factory orders have declined year over year for six months in a row.  That is something that has never happened outside of a time of recession.  We have also seen new orders for consumer goods fall dramatically.  In fact, the only time we have seen a more dramatic decline in that number was during the last recession.

John Williams of shadowstats.com has calculated that if the government was actually using honest numbers that they would show that we have continually been in a recession since 2005!

When it comes to debt, a lot of fingers get pointed at the United States, and rightly so.  Just prior to the last recession, the U.S. national debt was sitting at about 9 trillion dollars.  Today, it has crossed the 18 trillion dollar mark.  But of course the U.S. is not the only one that is guilty.  In fact, the McKinsey Global Institute says that debt levels have grown in all major economies since 2007.  The following is an excerpt from the report

“In 2014, only 13 percent of Americans approved of the job Congress was doing,” Marc Goodman wrote in Future Crimes, “a slight improvement from the all-time low of 9 percent in Nov. 2013.”

Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

What is surprising is that debt has actually grown the most in China.  If you can believe it, total Chinese debt has grown from 7 trillion dollars in 2007 to 28 trillion dollars today.  Needless to say, that is absolutely insane…

China’s debt has quadrupled since 2007. Fueled by real estate and shadow banking, China’s total debt has nearly quadrupled, rising to $28 trillion by mid-2014, from $7 trillion in 2007. At 282 percent of GDP, China’s debt as a share of GDP, while manageable, is larger than that of the United States or Germany. Three developments are potentially worrisome: half of all loans are linked, directly or indirectly, to China’s overheated real-estate market; unregulated shadow banking accounts for nearly half of new lending; and the debt of many local governments is probably unsustainable. However, MGI calculates that China’s government has the capacity to bail out the financial sector should a property-related debt crisis develop. The challenge will be to contain future debt increases and reduce the risks of such a crisis, without putting the brakes on economic growth.




In Case You Didn’t Already Know…

China is taking over as the world’s dominant merchant and buyer.

In doing so, it is redrawing trade routes that it sees as most beneficial to its needs. In that, America is a decided loser.

That’s not saying the West — i.e., America — is dead. We will always play a role in global trade. But American politicians and economists are underestimating the tidal shift that’s now rolling over the world.

The Silk Road 2.0 is just one (monumentally large) example of it. China has also begun the
Asia Infrastructure Investment Bank that has pulled in a host of U.S. allies as founding members. And it’s a founding member of a new version of the International Monetary Fund that will serve emerging nations absent the often-unwanted influence exerted by America. (It’s all a well-constructed effort by China to push back against the U.S. in Asia).

What all of this means is that our long-term global economic problems have gotten much, much worse.  This short-lived period of relative stability that we have been enjoying has been fueled by unprecedented amounts of debt and voracious money printing.  Anyone with half a brain should be able to see that this is a giant financial bubble, and in the end it is going to unwind very, very painfully.  The following comes from a Canadian news source

At the beginning of 2008, government accounted for a smaller portion of the debt pie than corporate, household or financial debt. It now exceeds each of those other categories.

The current situation is much worse than in 2000 or 2007, and with interest rates near or at zero, the central banks have already used up their ammunition. Plus, the total indebtedness, especially the indebtedness of governments, is much higher than ever before,” said Claus Vogt, a Berlin-based analyst and co-author of a 2011 book titled The Global Debt Trap.

“Every speculative bubble rests on some kind of a fairy tale, a story the bubble participants believe in and use as rationalization to buy extremely overvalued stocks or bonds or real estate,” Mr. Vogt argued. “And now it is the faith in the central-planning capabilities of global central bankers. When the loss of confidence in the Fed, the ECB etc. begins, the stampede out of stocks and bonds will start. I think we are very close to this pivotal moment in financial history.”

But for the moment, the ridiculous stock market bubble continues.

Internet companies that didn’t even exist a decade ago are now supposedly worth billions upon billions of dollars even though some of them don’t make any money at all.  There is even a name for this phenomenon.  Internet companies that have gigantic valuations without gigantic revenue streams are being called “unicorns”

A dizzying mix of bold ideas and lavish investments has catapulted dozens of privately held start-ups to unicorn status, defined as having market valuations of at least $1 billion often without soaring revenues to match. Social-sharing site Pinterest has soared to $11 billion. Ride-hailing company Uber is now worth a staggering $50 billion.




How long can the party last?

And these days, Wall Street even rewards companies that lose huge amounts of money quarter after quarter.  For example, just check out what happened when JC Penney announced that it only lost 167 million dollars during the first quarter of 2015…

Yippee!!! JC Penney ONLY lost $167 million in the first quarter. The Wall Street shysters are ecstatic because they BEAT expectations. Buy Buy Buy.

This loss now brings JC Penney’s cumulative loss since 2011 to, drum roll please, $3.5 BILLION. They haven’t had a profitable quarter in over four years. But, they are always on the verge of that turnaround just over the horizon.

Wall Street has told you to buy this stock from $42 in 2012 to it’s current pitiful level of $9. They tout the wonderful 3.4% increase in comparable sales. They fail to mention that first quarter 2016 sales are only 30% below first quarter sales in 2011.

They fail to mention that JC Penney burned through another $274 million of cash in the first quarter. Their equity has dropped by $1 billion in the last year, while their long term debt has gone up by $500 million.

This is how irrational Wall Street has become…

 The Poor Man has been sounding the alarm about this for nearly a decade.

The post The Debt To GDP Ratio For The Entire World: 286 Percent appeared first on The Economic Collapse.


Even Big Bank Mainstream Economists Believe A Crash Is Near

Bloggers, such as myself, have been predicting a market collapse for years. Some of these fears may be premature. But when the top economist for a too-big-to-fail bank says the same thing, it’s time to take notice. HSBC’s Stephen King says markets are like the Titanic without enough lifeboats. Click here for more.

 



 

Stuff You Can Use [and share]

 

A recipe for making your kitchen easier to use
read more here

 

Increasing your home security for less
read more here

 

How to find a job if you have bad credit
read more here

 

How do you know when bankruptcy is the best solution?
read more here

 


Yours for a happy, healthy life!

Bruce, the Poor Man

 

 

Books, Art, Video – the saucy, the odd, the retro, even the practical…