Poor Man Survival
Self Reliance tools for
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A Digest of Urban
Survival Resources
How to live through
economic meltdown; tips to save on groceries, more
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.
Precious metals expert and
financial writer Bill Holter said in June it was “game over, they’re pulling the plug.” The Fed went on an aggressive interest rate raising
policy and is still raising rates. Now, the economy is staggering.
Holter explains, “For sure, we are already in a recession. We
are now in the third quarter of negative growth. I think it is laughable
that people put odds on whether or not we are going to go into a
recession because it is obvious–we are already in a recession. Rates
rising have absolutely frozen the real estate market.
The real economy runs on credit.
Everything you look at, everything you touch and everything you do every day
has many uses of credit to get to the final product or situation. So,
once credit freezes up, it’s completely game over.
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.
[Last one]
Get our money survival package!
Robert Kiyosaki, the author of Rich
Dad Poor Dad, tweeted the following:
"The best time to
prepare for a crash is before the crash. The biggest crash in world history is
coming. The good news is the best time to get rich is during a crash. Bad news
is the next crash will be a long one."
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SIDEBAR
How Much Land Would You
Need To Be Self-Sufficient?
It seems like more and more people these days are drawn to the idea
of self-sufficiency. They want to be able to provide for themselves without
relying on anyone else.
While this is a commendable goal, it's not always as easy as it
seems. In order to be truly self-sufficient, you need a lot of land.
So how much land would you need? Keep reading to find out!
How Much Land Would You Need To Be Self-Sufficient?
You may also like...
17 Simple Ways To Be a Little More Self-Sufficient
Grocery Prices Expected to Keep Rising
Dave Ramsey on for saving
on groceries during inflation
The four tips can certainly help you save, but
they are nothing new. Here are the four tips (or you can read the full article here):
·
Identify low-cost grocery stores.
·
Look for foods that are cheap and filling.
·
Only buy items you need.
·
Go big on coupons.
Survival Garden:
How to Endure an Economic Collapse
Want to swap
$30 for your $1?
Because
that’s what a survival garden could save you over a year. Better than gold,
stocks, or bitcoin.
Especially
in times of high inflation.
While the
real value of knowing you’ll be fed, even when stores are empty, is priceless.
Click Here to Discover ‘Survival Garden: How to Endure an
Economic Collapse’ <<
12 Reasons You Should Stock Up On Honey
12 Reasons You Should Stock Up On Honey
What
is a go bag?...
A go bag is
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