Tag Archives: decline

Heading Towards an Economic Collapse? Preparing for Financial Armageddon

By Off Grid Survival | From OffGridSurvival.com | On Tuesday, February 19th, 2013

Our county sits at over 16 trillion dollars in debt, with unfunded obligations that make the actual debt number about $120 trillion. The reality of the situation is there’s really no way out of the situation. Our government, thanks to both political parties, has spent us into a hole that we cannot dig ourselves out of. The facts, that nobody seems to want to talk about, indicate our country is still heading towards a complete meltdown of the financial system.

You can choose to believe the lies that are being spoon feed to you by the mainstream media, or you can look at the reality of the situation; our Economy is still facing some enormous challenges, and the prospects for a full economic recovery don’t look very good. The financial problems that lead to the housing / financial market crash of 2008 have not been fixed; in fact, many of these problems are even worse today than they were in 2008.

Preparing for an economic collapse

Twenty years ago, most people would have said you were crazy for thinking our system could collapse. Even today, most of our country is either unaware, or has forgotten how closely we came to a complete collapse of the financial system during the banking crisis of 2008.

Here we sit five years after our government spent $700+ billion to bailout a system they told us would never fail, and our system is still in just as much danger of collapse as it was in 2008, maybe more. If you’re not prepared, you need to start taking steps to protect yourself and your family from future troubles.

Keep an eye on the markets, and keep an eye on the banks.

Run on the Bank

Before depositing any kind of money in the bank, you need to research the financial soundness of that bank. Since the so called end of the financial crisis, when the government spent over $700 billion dollars to “fix the system”, over 440 banks have failed.

That means almost every week since 2008, the FDIC has had to shut down at least one troubled bank. It’s estimated that they have already had to pay out over $65 billion to cover these FDIC insured deposits.

With so many banks still going under, you really have to wonder how long the FDIC can continue to pay out on these insured deposits. With banking industry assets sitting at somewhere around $13.6 trillion, there is little reason to believe the FDIC can actually cover these insured deposits during a full scale collapse.

While many people believe they’re money is protected by the FDIC, the simple truth is, there’s not enough money to protect everyone. If the system collapses, your FDIC insured account is anything but certain.

Realize your dollars may become worthless.

Food Rationing

You must seriously look at the possibility of an all-out collapse of the system. If this were to happen, your dollars would quickly become worthless.

You must start to take a balanced approach to being financially prepared for the future. While investing in your financial future is important, the same can most definitely be said for investing in your ability to survive future disasters. If you haven’t started preparing for the possibility of economic troubles, now is the time to seriously consider stocking up to survive future problems, financial or otherwise.

To do this I recommend investing in long-term consumable goods.

Stockpiling Food

This means stocking up on items that you will need and use in the future, or stocking items that you can barter with in case the system fails.  By stocking up on food, water, survival gear & supplies, and bartering goods; you will have a nice stockpile of supplies that will help see you through almost any disaster situation.

Another upside to investing in consumable goods is these goods are completely secure from financial market volatility, and will continue to hold their value after the collapse. In fact, most consumables will probably skyrocket in value in a post collapse world.

Always have cash on hand.

paper currency

If you’re wondering why I recommend keeping cash, especially after telling you your dollars may become worthless, you need to realize that during the initial stages of a collapse, most people are going to be doing anything they can to get their hands on money.

People do what they know; during an economic collapse, 99% of the population will still perceive paper currency as something that has value. Most will be in denial, making your paper money useful for buying goods for at least a couple weeks after the collapse, maybe months. If you’re 100% certain the system has collapsed, you should immediately use this money to stock up on any last minute supplies or bartering items.

Remember, you can’t count on any of the money you have in the bank; most banks simply don’t have enough cash to deal with a run on the bank. During a collapse situation, your money is probably as good as gone. To prepare for the possibility of collapse, you need to have some cash on hand at all times.

It’s time to take action.

Taking Preparedness Action

While I would never advise anyone to completely give up on our financial system, I do advise preparing for a worst case scenario.

There are some very real problems that have yet to be addressed by our politicians in Washington. When it comes to protecting your wealth, and ensuring you will be able to live a comfortable life in the future, you are the only person that can guarantee your long term financial security. You must decide what that means for yourself and your family, and then take the necessary steps to ensure your future security.

This article was originally posted at http://offgridsurvival.com/economiccollapse-preparingfinancialarmageddon/

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Crumbling Global Economy Passes Point of No Return

By Lee Rogers | From BlacklistedNews.com | On Sunday, February 17th, 2013

As bad as the global economy is right now, it is unfortunately going to get far worse. Many central banks around the world are now racing to devalue their currencies through the implementation of debt monetization programs and low interest rates. Despite statements coming out of the G20 saying otherwise, many insiders and former insiders are fully admitting that there is an on-going global currency war and that this war is accelerating. The Bank of Japan’s recent announcement of a massive bond purchase program is the latest episode in an already sorry state of affairs. It is a historical fact that prosperity has never been obtained by devaluing a nation’s money which makes it all the more insane that the central planners are actually trying to sell the general public on these policies. In fact if monetary devaluation resulted in economic growth, Zimbabwe which recently experienced a period of rampant hyperinflation would easily be the wealthiest nation in the world instead of one of the poorest. Ancient Rome had a strong monetary unit when the nation rose to prominence but degenerated after the ruling powers decided to devalue its coinage. In more recent times both the British Empire and the United States reached great heights when they maintained a sound money system. With this said, you really don’t need to be an economics guru to figure out that the result of today’s monetary policies will eventually result in a complete disaster for the global economy.

Despite all of the absurd propaganda from the major news networks, there is no question that much of the world is in a depression. The only reason there has not been a total collapse of the system is because of the fact that central banks have maintained artificially low interest rates and propped up sovereign bond markets by purchasing bonds with money that they created out of nothing. Taxpayer bailouts, stimulus programs and other nonsense haven’t helped matters either. These policies which were implemented following the crash of 2008 have simply set the world up for a much larger collapse in the future. There would have at least been an outside chance to fix the system had the central planners not intervened but now the situation is becoming increasingly hopeless. Take for example what happened in Iceland immediately following the 2008 financial crisis. The Icelandic people voted against using taxpayer money to prop up failed Icelandic banks. Even though there was a great deal of short term economic pain with foreign depositors and foreign bond holders losing billions, the country is now on the road to recovery.

On the other hand, Ireland which decided to bailout its banking system with taxpayer money is still dealing with the after effects of the crisis. In 2010, Ireland actually had to accept a bailout from the European Union and the International Monetary Fund because the government could no longer afford the burden. Just weeks ago thousands of people rightfully filled the streets of Irish cities protesting against the bank bailouts. Before the bailouts, Ireland had one of the stronger economies in the European Union with one of the lowest debt-to-GDP ratios in Europe. After the bailouts, the Irish economy has struggled even being mentioned in the same breath as Spain and Greece.

Sadly even with all of these monetary stimulus programs, the United States economy is barely treading water. It was recently reported that the U.S. economy shrunk 0.1 percent in Q4 of 2012 according to official numbers from the U.S. Commerce Department. Considering economic statistics from the government are questionable at best, it is quite possible that the real numbers are far worse. If the U.S. economy is actually shrinking with these types of monetary policies in place, it is painfully obvious that the Federal Reserve has no exit strategy from the status quo. Any attempt to defend the value of the U.S. Dollar by suspending debt purchases and raising interest rates would send the economy into a tailspin. Ben Bernanke the Federal Reserve Chairman once famously said that he would throw money out of a helicopter to keep the economy going so we should fully expect him to continue these activities. In fact, we already know through the Federal Reserve’s own policy statements that they will be continuing near zero interest rate policies well into the future. At this point that’s really all they can do since it is politically infeasible for them to tighten the purse strings so they just continue to print more and more money out of nothing.

The Federal Reserve’s bond purchasing programs have effectively fueled a rally in bonds pushing yields of various U.S. government debt instruments towards historical lows. This has fooled people into believing that U.S. government debt is a safe haven play which is astounding on so many levels. The rate of return on these debt instruments is actually negative when factoring in the real rate of inflation. The government and establishment media love to tout the Consumer Price Index or CPI as the ultimate gauge of inflation. However, the CPI doesn’t even include food and energy in its calculation thus making it a completely worthless indicator of true inflation. Maybe if people didn’t eat, didn’t use oil to heat their homes and didn’t fill their automobiles with gasoline the CPI might have some relevance.

In reality, there’s little question that that the CPI is a purposely manipulated figure designed to mislead people into believing that inflation is lower than it actually is. The CPI also provides the basis for cost of living adjustments that directly affects how much money Social Security recipients receive. This allows the government to get away with paying far less than if real inflation was used as the benchmark to calculate these adjustments. The true measure of inflation calculated using the same statistical models used by the U.S. government during the 1970s has inflation closer to 10% on an annual basis. Even if we were to assume that inflation is half of that figure, U.S. Treasury bond holders would still be getting a negative rate of return on their investment.

Cleary, this is a dangerous game that is being played by the world’s central banks. Looking specifically at the Fed they announced late last year that they would be purchasing $85 billion worth of securities on a monthly basis for an indefinite period of time until unemployment is substantially reduced. This adds up to roughly $1 trillion worth of bond purchases per year which is approximately what the federal government’s annual budget deficit has been under the Obama regime. The Fed is essentially monetizing enough debt for the federal government to finance its $1 trillion annual budget deficit. In other words they are creating close to $1 trillion new dollars out of nothing and dumping it into the system. The end result is that you have a larger supply of dollars chasing the same goods and services which ultimately means there will be higher prices because each dollar will be worth less.

This policy is essentially an invisible tax on the average person because it robs them of their purchasing power. Combine this with the fact that the Obama regime actually raised taxes on poor and middle class Americans as part of the recent fiscal cliff deal and the additional burden Obama’s universal healthcare plan has placed on businesses and it is no wonder why the economy is sputtering. Not only is the currency being devalued but they are financially damaging the base from which they collect taxes. Evidence of this economic reality can be seen from a leaked internal e-mail from a Wal-Mart Vice President who stated that sales were a total disaster and that February 2013 sales were off to its slowest start in the 7 years he’s been with the company. Since average people now have less purchasing power to buy things with, it shouldn’t be any surprise that we see reports like this.

One would think sanity would prevail and the Obama regime would at least end the costly foreign wars and make a few domestic spending cuts. Since we live in a world where insanity seems to be the prevailing thought process, we are not going to see this happen. At the recent State of the Union speech Obama actually proposed more spending programs including a ridiculous multi-billion dollar universal preschool initiative. With a debt over $16 trillion, unfunded liabilities that some have argued approach $100 trillion or higher and $1 trillion annual budget deficits where do they think they’ll get the money to pay for these new programs? Either this is pure stupidity of the most epic magnitude or they are intentionally trying to destroy what’s left of the economy. Regardless of what you believe, these policies are leading us towards disaster.

As a result of these crazy policies, huge bubbles are being created in the U.S. Treasury bond market, the U.S. stock market and most importantly in the U.S. Dollar itself. Since the Fed is buying an increasing amount of bonds it has artificially propped up the market causing investors to venture into the stock market for greater returns on investment which has resulted in the Dow Jones Industrial Average hitting the 14,000 level. Contrary to what the talking head clowns on CNBC say, this is not the sign of a healthy economy but instead an indicator of gross manipulations by the Fed which has forced investors to take on more risk to achieve any real rate of return. At some point the market is going to reject these policies when fewer and fewer market participants are willing to purchase U.S. Treasury bonds at historically low yields while the U.S. Dollar is simultaneously devalued. This alone will cause the bond bubble to burst, yields to skyrocket and force the U.S. government to pay even more money to service the interest on the debt. Considering that the U.S. government is already having a difficult time making payments to service the debt with historically low yields, any reversal would be extremely problematic.

It is comical that there are still ratings agencies that rate U.S. sovereign debt with a Triple-A status considering the train wreck we are witnessing. S&P which was the one ratings agency that actually downgraded U.S. sovereign debt is now being sued by the U.S. government over inaccurate securities ratings leading up to the 2008 financial crisis. This is not an attempt to defend S&P by any means, but there are a number of questions as to why they are the only ratings agency being sued. All of the big ratings agencies were guilty of grossly exaggerating the quality of different types of securities in the years leading up to the 2008 financial crash. The only thing that differentiates S&P from the other ratings agencies is that they had the nerve to downgrade U.S. sovereign debt. This lawsuit appears to be retaliation against them for that downgrade and nothing else. If this isn’t the case, than why haven’t lawsuits been filed against all of the major ratings agencies? Clearly, each one of them was involved in some sort of chicanery leading up to the crash. With this said, there is no reason to trust what any of these major ratings firms are saying about U.S. sovereign debt. It is highly probable that their ratings of U.S. sovereign debt are being affected by the possibility that the U.S. government would threaten legal action against them if they fail to provide a favorable analysis.

It is also becoming more apparent that the central planners have been suppressing the gold and silver price as part of an effort to maintain the illusion that these debt based currencies still have value. The German Bundesbank recently announced its intention to take delivery of over half of its gold reserves by 2020 from the Fed and other central banks. The main question here is why would it take 7 years to complete this process? China has been buying huge sums of physical gold on the open market and so far have had no logistical problems receiving prompt delivery of their gold. This gives additional credence to the accusations that central banks have been leasing out physical gold as part of a scam to suppress the price. In other words, the gold that Germany is requesting delivery of is no longer available which is why the gold cannot be immediately delivered. In all likelihood, this is why an agreement was struck to deliver the gold over 7 years so the central banks could save face without having to transparently expose the gold manipulation fraud they are engaged in.

Either way, it is quite obvious that the gold and silver markets have both been manipulated for some time now. If you study the daily charts of gold and silver there are often huge price disruptions to the down side that have no fundamental explanation. If other countries follow suit and request physical delivery of their gold, this could put an end to these suppression schemes resulting in a massive upswing in the price of gold.

It is often said that gold goes where wealth is being generated. If we use that as a measuring stick it is clear that wealth is being transferred from the west over to Asia. Specifically of interest is the fact that gold is being purchased in large sums by both the Chinese and Russian governments. There is even speculation that the Chinese are preparing to officially back the Yuan with gold. We also see huge gold demand from India whose gold imports surged 23% this past January. In fact gold demand has been so strong that India just raised taxes on gold imports to try to reduce demand. Unfortunately for the west, these countries that are net buyers of gold are going to be in a very good financial position once the full effect of these debt monetization and low interest policies are felt. Gold is real money and stores value unlike the debt based garbage that these central banks are creating by typing digits into a computer.

There is very little question that the global financial system is at a point where it cannot be repaired. The policies of unlimited money creation that are currently being implemented by the Fed and other central banks are unfortunately going to continue until the entire system collapses. It is now inevitable that there will be a huge crash in the U.S. stock market, the U.S. bond market and eventually the U.S. Dollar. Gold, silver and other precious metals should perform very well as this scenario unfolds so there are safe havens available for people wishing to preserve their wealth. It is unfortunate that the only question remaining now is not if this collapse is going to happen but when this collapse is going to happen.

This article was originally posted at http://www.blacklistednews.com/Crumbling_Global_Economy_Passes_Point_of_No_Return/24285/0/38/38/Y/M.html

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Days After Freezing Prices, Argentina Bans All Advertising

By Tyler Durden | From ZeroHedge.com | On February 9th, 2013

A week after Argentina resorted to every failing authoritarian government’s last ditch measure to (briefly) control inflation before runaway prices flood the nation and result in political and social upheaval, namely freezing retail prices - a decision which never has a happy ending, the country is pressing on through the rabbit hole and in the latest stunner of a government decree (which like Venezuela yesterday is merely a harbinger of what is coming everywhere else), has banned advertising in the Argentina’s newspapers in an attempt to weaken what’s left of a private, independent media, and to punish those who don’t comply with the government’s propaganda.

From the WSJ:

Supermarkets and electronics retailers say Argentina’s government has ordered them to stop advertising in the country’s top newspapers, in a bid to weaken independent media companies as President Cristina Kirchner turns to increasingly unorthodox policies to prevent inflation from derailing an ailing economy.

The order, confirmed by retailers and newspapers but denied by government officials, comes after retail executives say price-control czar Guillermo Moreno pressured them earlier this week to agree to freeze prices for two months. Executives say Mr. Moreno then told them to pull all newspaper sales ads in hopes this would somehow curb inflation. “This was an imposition, not a request. He simply decided that nobody should publish any ads. It’s not sustainable and will be hard to comply with,” said one retail-sector executive.

And yes, a light bulb just went on over the president’s head when he read the word “price-control czar.”

Why is Argentina resorting to this dictatorial measure? Simple – to stifle the independent press for one simple reason – “misreporting” inflation, or at least reporting inflation numbers which are orders of magnitude higher than the official government numbers.

Mrs. Kirchner played down inflation for years, refusing even to say the word in public. But with economists estimating annual inflation at around 26%, she has been calling on consumers to prevent companies from raising prices. A sluggish economy and Mrs. Kirchner’s confrontational political style have also taken a toll on her popularity.

The Buenos Aires Newspaper Editors Association said the order was a reprisal against those who publish independent inflation estimates. “This is another display of how far authoritarianism can go in a context that is dominated by discretional policies and bullying,” the group said in a harshly worded newspaper ad Friday.

The controversy comes as Mrs. Kirchner attempts to implement a three-year-old media law that would overhaul Argentina’s media industry and dismantle media giant Grupo Clarín SA, which publishes Argentina’s bestselling newspaper, Clarín, and runs a profitable cable-TV and Internet network.

“This aims to inflict economic damage on all independent media companies,” Clarín spokesman Martin Etchevers said. “On the one hand, it’s another attempt to weaken media that don’t depend on government money. On the other, it’s an attempt to keep people in the dark about inflation.

Two birds with one dictatorial decree stone. However, while the motive is quite clear it shows the danger of having a truly independent media, and one which is not aligned with the government’s propaganda: report the truth and we will starve you by banning all your advertising. Ad revenues in the US must be soaring…

Mrs. Kirchner accuses Clarín of using its sway to undermine her government. Clarín officials say the government started targeting it in 2007, when it began reporting that the government was underestimating inflation.

Just as notably, with the witch hunt against anyone whose inflation numbers differ from the government’s official lies, it is likely that the organizers of the Argentinian equivalent of the Billion Dollar Price project would get the death penalty.

In 2011, the government started fining economists for publishing their own inflation estimates. To protect them, a group of opposition legislators began publishing the economists’ monthly inflation estimates anonymously.

What is most ironic is that it is the same US-based IMF who recently punished Argentina for its inflationary misreporting.

The International Monetary Fund has weighed in on the matter and recently censured Argentina over questions around its economic data. The IMF warned that it could eventually expel Argentina from the organization if the matter isn’t resolved.

But perhaps Argentina is not massaging its inflation numbers – perhaps it is merely doing what the US and every other IMF member nation does: ignore those prices which are soaring, and hedonically adjust everything else far lower, to give the general public the impression that the horsemeat lasagna which went up in price… it didn’t really go up in price.

At the end of the day, this like every other idiotic measure taken by a government in its last throes is just to preserve power one more month, or week, or day:

Gabriel Gómez, an economist at the research firm Consultora Ledesma, said the government is imposing short-term price controls and advertising limits ahead of a key mid-term election in October.

“The only thing the government wants now is to decelerate inflation before October,” he said. “Everyone knows that price controls are counterproductive in the long-run, so that’s the only way to understand the logic behind this.”

Top government officials have called on Mrs. Kirchner to amend the constitution so she can seek re-election in 2015. To do so, her coalition would need to win more congressional seats in October.

Or, as is the case everywhere: when the government’s self preservation is the bottom line, screw the people. Alas, that is the case now in every “developed world” nation, whose status quo is clinging on to dear life as the legacy socioeconomic and financial system implodes.

Keep an eye on just how far Kirchner will go to keep her place in power – that will be a useful indicator of what is coming to every banana republic next, and quite soon.

This article was originally posted at: http://www.zerohedge.com/news/2013-02-09/after-freezing-prices-argentina-bans-all-advertising

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Desperation: Argentina Freezes Prices To Break Inflation Spiral

By Almudena Calatrava | From MyFoxNY.com | On Monday, February 4th, 2013

BUENOS AIRES, Argentina (AP) — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.

The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies’ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government’s news agency Telam reported.

The commerce ministry wants consumers to keep receipts and complain to a hotline about any price hikes they see before April 1.

Polls show Argentines worry most about inflation, which private economists estimate could reach 30 percent this year. The government says it’s trying to hold the next union wage hikes to 20 percent, a figure that suggests how little anyone believes the official index that pegs annual inflation at just 10 percent.

The government announced the price freeze on the first business day after the International Monetary Fund formally censured Argentina for putting out inaccurate economic data. The IMF has given Argentina until September to bring its statistics up to international standards, or face expulsion from the world body in November.

President Cristina Fernandez and her economy minister, Hernan Lorenzino, responded over the weekend with a flurry of attacks on the IMF, saying the agency’s data-gathering efforts had lost credibility in the lead-up to Argentina’s historic 2001 debt default. They said IMF advice is leading Europeans astray by favoring big banks over measures that can grow economies out of crisis.

However, Lorenzino also said that the government will begin using a new inflation index starting in fourth-quarter 2013 — just in time for the IMF’s decision.

Editor’s note: Economics 101…if you freeze prices, supply goes away and you’re left with a country full of hungry people. But, Argentinians should know, because they’ve been through all this before.
PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Cannibalism Claims Surface Amid North Korean Famine

While it’s certainly not the first allegation of cannibalism to come from North Korea, it’s equally as disturbing as those that preceded it. Troubling reports of a rise in starvation — and cannibalism — have emerged inside of a nation that continues to be intensely-secretive and shut off from the wider global community. According to an independent outlet called Asia Press, North Koreans are so desperate that they are increasingly turning to corpses and even murdering their own children for food.  One man allegedly dug up his grandchild’s corpse and ate it. Another purportedly killed and boiled his child for food. Of late, yet another individual has reportedly been executed for killing two of his children for the same purposes.  “In my village in May a man who killed his own two children and tried to eat them was executed by a firing squad,” one informant said of the latter incident.  According to the source, the father killed his daughter while his wife was away on business. Then, he killed the son because the latter child had witnessed his sister’s murder. When the wife came back from her trip, her husband said that they now had “meat.” After becoming suspicious, she contacted authorities who later discovered parts of the children’s bodies.  The “hidden famine,” as it has been called in North and South Hwanghae, is what appears to be driving this alleged horror. According to the Daily Mail, up to 10,000 individuals have lost their lives due to a lack of food — a figure that encapsulates the extreme desperation that may be driving the unthinkable.  Of course, the secretive and insular nature of the North Korean government makes it difficult to ascertain definitively whether instances involving human beings consuming one another are actually on the rise as some sources have claimed. Asia Press, the independent outlet issuing these reports, describes itself as a media venue that is trying to be “free from any dependence on capital and authority.”  While outlandish and unbelievable, this isn’t the first time the international community has heard similar stories. In the past, numerous reports about cannibalism have come from North Korea. The Daily Mail highlights some of these past instances:      In May last year, the South Korean state-run Korean Institute for National Unification said that one man was executed after eating part of a colleague and then trying to sell the remains as mutton.      One man killed and ate a girl and a third report of cannibalism was recorded from 2011.      Another man was executed in May after murdering 11 people and selling the bodies as pork.  In Oct. 2011, TheBlaze reported about Kim Hye Sook and the unbearable pain and emotional suffering that she endured during her 28-year detention in a secretive North Korean concentration camp. Brutal executions, starvation — even mothers killing and eating their children to ensure their own survival — were regular occurrences.  In an interview with CBN News, Sook recalled a mother boiling her 9-year-old daughter. In a separate fit of desperation, a woman killed her 16-year-old son, chopped him up and took him to a butcher to obtain some corn in exchange.

In this undated photo released by the Korean Central News Agency and distributed Sunday, Jan. 27, 2013 in Tokyo by the Korea News Service, portly North Korean leader Kim Jong Un attends a consultative meeting with officials in the fields of state security and foreign affairs at undisclosed location in North Korea. Credit: AP

By Billy Hallowell | From TheBlaze.com | On Monday, January 28th, 2013

While it’s certainly not the first allegation of cannibalism to come from North Korea, it’s equally as disturbing as those that preceded it. Troubling reports of a rise in starvation — and cannibalism — have emerged inside of a nation that continues to be intensely-secretive and shut off from the wider global community. According to an independent outlet called Asia Press, North Koreans are so desperate that they are increasingly turning to corpses and even murdering their own children for food.

One man allegedly dug up his grandchild’s corpse and ate it. Another purportedly killed and boiled his child for food. Of late, yet another individual has reportedly been executed for killing two of his children for the same purposes.

“In my village in May a man who killed his own two children and tried to eat them was executed by a firing squad,” one informant said of the latter incident.

According to the source, the father killed his daughter while his wife was away on business. Then, he killed the son because the latter child had witnessed his sister’s murder. When the wife came back from her trip, her husband said that they now had “meat.” After becoming suspicious, she contacted authorities who later discovered parts of the children’s bodies.

The “hidden famine,” as it has been called in North and South Hwanghae, is what appears to be driving this alleged horror. According to the Daily Mail, up to 10,000 individuals have lost their lives due to a lack of food — a figure that encapsulates the extreme desperation that may be driving the unthinkable.

Of course, the secretive and insular nature of the North Korean government makes it difficult to ascertain definitively whether instances involving human beings consuming one another are actually on the rise as some sources have claimed. Asia Press, the independent outlet issuing these reports, describes itself as a media venue that is trying to be “free from any dependence on capital and authority.”

While outlandish and unbelievable, this isn’t the first time the international community has heard similar stories. In the past, numerous reports about cannibalism have come from North Korea. The Daily Mail highlights some of these past instances:

In May last year, the South Korean state-run Korean Institute for National Unification said that one man was executed after eating part of a colleague and then trying to sell the remains as mutton.

One man killed and ate a girl and a third report of cannibalism was recorded from 2011.

Another man was executed in May after murdering 11 people and selling the bodies as pork.

In Oct. 2011, TheBlaze reported about Kim Hye Sook and the unbearable pain and emotional suffering that she endured during her 28-year detention in a secretive North Korean concentration camp. Brutal executions, starvation — even mothers killing and eating their children to ensure their own survival — were regular occurrences.

In an interview with CBN News, Sook recalled a mother boiling her 9-year-old daughter. In a separate fit of desperation, a woman killed her 16-year-old son, chopped him up and took him to a butcher to obtain some corn in exchange.

This article was originally posted at http://www.theblaze.com/stories/2013/01/28/horrific-reports-of-people-cooking-eating-their-children-and-digging-up-corpses-come-amid-nkorean-famine/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

50 Shocking Questions That You Should Ask A Non-Prepper

By Michael Snyder | From Infowars.com | On Thursday, January 17th, 2013

Share this list of shocking questions with everyone you know that needs to wake up.  Sometimes asking good questions is the best way to get someone that you care about to understand something.  When I attended law school, I became very familiar with something called “the Socratic method”.  It is a method that has been traditionally used in law schools all over the United States.  Law professors will bombard their students with questions, and the goal is to stimulate critical thinking and allow students to discover the answers for themselves.  Many times those of us that can see what is happening to this country get frustrated when we try to get others to see what is so apparent to us.  But instead of preaching to them, perhaps asking questions would be more helpful.  When you ask someone a question, they are almost forced to think about what you just said and come up with a response.  And without a doubt, the fact that America is in decline is undeniable.  Those that would choose to blindly have faith in the system are foolish, because it is glaringly obvious that the system is failing.  Our economy is heading for collapse and the world around us is becoming more unstable with each passing day.  So it shouldn’t be a surprise that the number of preppers in the United States is absolutely exploding.  Some estimates put the number of preppers in the U.S. as high as 3 million, and the movement continues to explode.

So exactly what is a “prepper”?  Well, the truth is that there is a tremendous amount of diversity among the people that fall under that label.

To me, you don’t have to move to Montana and store 500 cases of MREs in a nuclear fallout shelter to be considered a prepper.  I believe that anyone that can see a very serious crisis coming and that is taking steps to prepare for that crisis would be considered a prepper.  You might be living next to one and never even know it.  Many families have converted spare rooms into food pantries or are taking survival training on the weekends.  Others have renewed their interest in gardening or have started to invest in precious metals.  As far as I am concerned, anything that you can do to become more self-sufficient and more independent of the system is a good thing, because the system is rapidly failing.

Perhaps you are reading this and you are thinking that people who are “preparing for disaster” are being rather foolish.  Well, I encourage you to read the list of questions that I have compiled below and come to your own conclusions.

The following are 50 shocking questions that you should ask to anyone that is not a prepper yet…

#1 Why are sales of physical silver coins breaking all sorts of all-time records?  The U.S. Mint is on pace to sell more silver eagles during the first month of 2013 than it did during the entire year of 2007.

#2 Why has Germany announced that it will be moving gold from New York and Paris to its own vaults back home?  Is this a sign of a breakdown in trust among global central banks?

#3 Why is China systematically hoarding gold?

#4 Why have billionaires such as George Soros and John Paulson been hoarding massive amounts of gold?

#5 Why are billionaires buying up so much ranch land up in Montana?

#6 Why is Russia warning that we are rapidly approaching a global “currency war”?

#7 Why has Barack Obama chosen this moment to launch an all-out attack on the Second Amendment?

#8 Why does Barack Obama want doctors to ask their patients questions about firearms?

#9 Why is there an incredibly severe nationwide ammunition shortage all of a sudden?

#10 Why has a bill been introduced in the U.S. House of Representatives that “would ban Internet or mail order ammunition purchases“?

#11 Why are gun control advocates such as Piers Morgan pushing for us to become more like the UK when the UK actually has a much higher violent crime rate than we do?

#12 Why was a Forbes article that made a connection between the use of psychiatric drugs and the mass shootings that we have seen in recent years almost immediately taken down from the Internet?

#13 Why does the federal government want to start putting “black boxes” in all new motor vehicles?

#14 Why are some U.S. states now using computers to predict “future crimes“?

#15 Why are “black-clad federal SWAT teams” raiding farms and ranches all over the United States?

#16 Why are we all being trained to spy on one another?

#17 Why are highly advanced facial recognition cameras being put upall over the United States?

#18 Why have police departments all over America begun to deployunmanned surveillance drones in the skies over our cities?

#19 Why are schools all over America beginning to require students to carry IDs with RFID microchips in them wherever they go?

#20 Why are more Americans not outraged that nearly 400 TSA employees have been fired for stealing from travelers since 2003?

#21 Why are Americans not more outraged that TSA goons are manhandling the private areas of our women and our children in the name of “national security”?

#22 Why is an elderly survivor of the Nazi occupation of Austria, Kitty Werthmann, warning that America is heading down the exact same path that she experienced?

#23 If the economy is in good shape, then why are more than one out of every four U.S. workers with a 401(k) raiding those funds in order to pay current expenses?

#24 Why does the Federal Reserve continue to insist that the economy is “improving” when it obviously is not?

#25 Why can so few Americans explain how money is created in the United States?

#26 Why has the U.S. dollar declined in value by well over 95 percent since the Federal Reserve was created?

#27 Why is the U.S. national debt more than 5000 times larger than it was when the Federal Reserve was created?

#28 Why isn’t the mainstream media in the U.S. discussing the fact that the U.S. dollar is in danger of losing its status as the primary reserve currency of the world?

#29 Why don’t more Americans know about the quadrillion dollar derivatives bubble?

#30 Why did the U.S. national debt grow during the first four years of the Obama administration by about as much as it did from the time that George Washington took office to the time that George W. Bush took office?

#31 Why is the middle class in America bringing home a smaller share of the overall income pie than has ever been recorded before?

#32 If the U.S. economy is producing a healthy number of good jobs, then why are we spending nearly a trillion dollars a year on welfare?

#33 If the U.S. economy is not collapsing, then why has the number of Americans on food stamps grown from 17 million in the year 2000 to more than 47 million today?

#34 If America is still an economic powerhouse, then why have we lostmore than 56,000 manufacturing facilities since 2001?

#35 Why are we losing half a million jobs to China every single year?

#36 Why were one out of every ten homes sold in the state of California last year purchased by Chinese citizens?

#37 Why has the percentage of men with jobs in the United States fallen so dramatically?  Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#38 Why are so many Americans poor today?  According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.  Why is this happening?

#39 Why does the U.S. government have a website that teaches immigrants how to sign up for welfare programs once they arrive in the United States?

#40 Why has the number of gang members living in the United States risen by an astounding 40 percent just since 2009?

#41 Why does approximately one out of every three children in the United States live in a home without a father?  Can such a society prosper in the long run?

#42 Why are our supermarkets being flooded with genetically-modified foods when a whole host of studies have shown that they are potentially dangerous to human health?

#43 If the economy has “improved” during the Obama years, then why are hunger and poverty still absolutely skyrocketing in the United States?

#44 Why are more than a million public school students in the United States homeless?

#45 Why are more than 50 percent of all children in Detroit living in poverty?  Detroit used to be one of the greatest cities in the entire world.  How did such prosperity turn into such desolation?

#46 Why did a violent riot break out at an event where government-subsidized section 8 housing vouchers were being handed out in a suburb of Detroit earlier this month?  Is this the kind of unrest that we can expect to see all over the country when things get really bad?

#47 Why are cities all over the United States making it illegal to feed the homeless?

#48 Why is the UN trying to take control of the Internet?

#49 Why have global food supplies sunk to their lowest level in nearly 40 years?

#50 Why is global power concentrated in so few hands?  According to the Swiss Federal Institute, a network of 147 mega-corporations control 40 percent of all the wealth in the world, and in a previous article I described how just six obscenely powerful corporations completely dominate the media industry in the United States.  Is it good for such incredible power to be concentrated in the hands of so few people?

Please share this article with as many people as you can.  It only takes a few moments to share an article, but the person on the other end that reads it might have their life changed forever.

Do you have any questions that you think should be added to this list?  Please feel free to share your thoughts by leaving a comment below.

This article was originally posted at http://www.infowars.com/50-shocking-questions-that-you-should-ask-to-anyone-that-is-not-a-prepper-yet/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Major Bank, Economists Agree: Market Collapse Will Strike in 2013

By Christian Hill | From MoneyNews.com | On Wednesday, January 9th, 2013

According to a major bank, a pair of noted economists, and one controversial billionaire, 2013 will be a “year of terrible reckoning” for the stock market.

JPMorgan just released its outlook for the first quarter. Surprisingly, this regularly bullish company has reversed course and revealed an ominous chart that every investor needs to be alerted to.

As you can clearly see, stocks have retraced the pattern from the last two big market rallies (averaging over 100%), and now face a massive decline in 2013 (of over 50%).

Market Collapse Chart

JPMorgan isn’t alone in its stark predictions.

Economist and NYU professor Nouriel Roubini has said in recent interviews that there is a chance that an economic “perfect storm” will devastate global markets in 2013. He points to a worsening eurozone crisis, a hard landing for the Chinese economy, and a war in the Middle East that could push oil prices above $200 a barrel.

Agreeing with Roubini’s worrisome outlook is billionaire Jim Rogers. In a recent interview with Yahoo Finance, Rogers says regarding 2013, “You should be very worried, and you should prepare yourself.”

Rogers referenced a little-known economic cycle that proves the United States experiences a slowdown every four to six years (and 2013 marks four years since our last slowdown).

Perhaps most alarming of all are the predictions made by economist Robert Wiedemer.

In a recent interview for his New York Times best-seller Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”

Now before you dismiss Wiedemer’s claims as impossible or unrealistic, consider that he and his team of economists correctly foresaw the real estate collapse in 2006, the stock market crash of 2008, and the federal debt bubble plaguing America now.

And bear in mind, Sam Stovall of Standard & Poor’s has stated that Wiedemer “makes a compelling argument for a chilling conclusion,” and MarketWatch’s Paul Farrell called Wiedemer’s work “your bible.”

When the interview host questioned Wiedemer’s latest data, the author unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.

Wiedemer says blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Federal Reserve Chairman Ben Bernanke and former Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

Now viewed over 50 million times, the interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content.

Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”

“Our real concern,” DeHoog added, “is what if only half of Wiedemer’s predictions come true?

“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”

This article was originally posted at http://www.moneynews.com/MKTNews/Market-Collapse-Aftershock-2013/2013/01/09/id/470630

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Shameful: U.S. Hits $16.4 Trillion Debt Limit

By Becket Adams | From TheBlaze.com | On Monday, December 31st, 2012

The U.S. government on Monday officially reached it $16.4 trillion borrowing limit, a grim reminder of the state of the country’s finances.

Reaching the limit sets up another dispute between the White House and Congress over taxes and spending in the new year.

Treasury Secretary Timothy Geithner says the government will take a series of accounting measures to avoid defaulting on its debt. On Monday, it suspended the issuance of new debt for two government retirement funds.

Last week, Geithner said the measures would save about $200 billion and avoid default for about two months.

Geithner said it is difficult to predict how long default can be avoided because of ongoing negotiations over tax and budget policies.

The debt limit is the amount the government can borrow to help finance its operations.

This article was originally posted at http://www.theblaze.com/stories/its-official-u-s-hits-16-4t-debt-limit/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Economic Crisis In Egypt: Bank Run Feared, New Withdrawl Limits Imposed

By Mail Foreign Service | From DailyMail.co.uk | On Wednesday, December 26th, 2012

Big business: A vendor sells nuts in front of a giant poster of a U.S. dollar outside a currency exchange office in Cairo as the Government announced a £6,000 limit on how much can be taken out of the country.

Big business: A vendor sells nuts in front of a giant poster of a U.S. dollar outside a currency exchange office in Cairo as the Government announced a £6,000 limit on how much can be taken out of the country.

Egypt has imposed a limit on the amount of money people can take out of the country, amid fears of an impending run on the banks.

The move to ban leaving with more than £6,000 came as thousands of Egyptians withdrew savings from banks to hoard cash at home.

Anxiety about a deepening political and economic crisis has gripped the country in past weeks, with many people rushing to buy dollars and take out their savings from banks.

As well as huge political problems, the country also has a faltering economy.

The panic came as the country’s new president, Mohammed Morsi, called for ‘unity’ after a referendum approved a controversial constitution which gave him and islamist allies more powers.

The new charter, which the secularist opposition says betrays Egypt’s 2011 revolution by dangerously mixing religion and politics, has polarised the Arab world’s most populous nation and prompted occasionally violent protest on the streets.

Results announced on Tuesday showed Egyptians had approved the text with about 64 percent of the vote, paving the way for a new parliamentary election in about two months.

The government has begun a series of meetings with businessmen, trade unions, non-governmental organisations and other groups to persuade them of the need for tax increases and spending cuts to resolve the country’s financial crisis.

Mursi has committed to such austerity measures to receive loans from the International Monetary Fund.

While stressing the importance of political stability to heal the economy, Mursi’s government has sought to play down economic woes and appealed for unity in the face of hardship.

‘The government calls on the people not to worry about the country’s economy,” Parliamentary Affairs Minister Mohamed Mahsoub told the upper house in a speech.

‘We are not facing an economic problem but a political one and it is affecting the economic situation. We therefore urge all groups, opponents and brothers, to achieve wide reconciliation and consensus.’

This article was originally posted at http://www.dailymail.co.uk/news/article-2253525/Egypt-fears-run-banks-imposes-limit-people-withdraw.html

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Is Government Security Is Just Another Kind Of Violence?

By Tyler Durden | From ZeroHedge.com | On Monday, December 24th, 2012

Obviously I don’t want to conflate complex issues of foreign policy and war with the Sandy Hook shooting, but it is important to make the broader point that our federal government has zero moral authority to legislate against violence. Furthermore, do we really want to live in a world of police checkpoints, surveillance cameras, metal detectors, X-ray scanners, and warrantless physical searches?

We see this culture in our airports: witness the shabby spectacle of once proud, happy Americans shuffling through long lines while uniformed TSA agents bark orders. This is the world of government provided “security,” a world far too many Americans now seem to accept or even endorse.

School shootings, no matter how horrific, do not justify creating an Orwellian surveillance state in America. Do we really believe government can provide total security? Do we want to involuntarily commit every disaffected, disturbed, or alienated person who fantasizes about violence? Or can we accept that liberty is more important than the illusion of state-provided security?

Government cannot create a world without risks, nor would we really wish to live in such a fictional place. Only a totalitarian society would even claim absolute safety as a worthy ideal, because it would require total state control over its citizens’ lives. We shouldn’t settle for substituting one type of violence for another. Government role is to protect liberty, not to pursue unobtainable safety.

This article was originally posted at http://www.zerohedge.com/?page=3&search_block_form=life

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.