Monthly Archives: March 2018
By: Tom Chatham
Numerous economists and investors are warning of another great financial crisis to come but few people want to listen to them. No crisis is ever exactly like the last one and the next great depression will be different from the last one. In the last depression those who had money were in a good financial position to ride it out but the next depression will see those with fiat money drowning in it as it becomes worthless.
Very few Americans have any significant savings today. Most live on credit and those with savings have it stored in financial instruments that will be wiped out as the bankers collapse the system to hide the theft they have been involved in for decades. Those who think they will retire with their IRA, pensions or social security will suddenly find them all gone never to return leaving them with no means to care for themselves.
The west line has moved to Asia. This means that North America is no longer the shipping center of the world. The consequences of this for Americans will be disastrous. This means our economy in the future will be smaller and slower and will result in a standard of living far below what it currently is.
Those that own very few assets free and clear will become the new homeless as they become jobless and default on all of their credit obligations. All of the social safety nets that exist now to keep people fat and happy will fail leaving mobs of people to roam the streets to seek out what they need to survive. One only has to look at Venezuela today to see where this will all lead.
The basic minimum wage in Venezuela today is $7 dollars a month. Not a day or a week but a month. Those that hold local currency see it devalue on a daily basis making things increasingly worse as time goes on. Had any of these people stored some of their wealth in gold they would have the ability to live a little easier as the economy collapses. One ounce of gold in the hands of a Venezuelan today would last them for years. This is a lesson we all need to heed.
Simply storing some of your wealth in gold and silver is no cure all but it is part of a bigger strategy to insure you do not have to suffer as many will in the coming years due to their blind faith in their belief the government will care for them. Keep in mind that the government is actually controlled by the same people that will destroy your standard of living so why would they care about your suffering.
Understanding what will likely happen and insuring you have a plan to deal with it is the only hope you will have of coming through the coming bad years in tact. Those who trust in government or only live for today will reap what they sow and it will be unpleasant at best if they survive at all. A simple strategy to insure you do not suffer does not have to be expensive or complicated. The best plans are simple and allow you to adapt to the changing times. If you invest in a simple, inexpensive plan and the world somehow goes on as normal, you will not be any worse for the investment but if things takes an unexpected turn and your plan becomes necessary, it will allow you to survive the crisis much better than the bulk of the population.
The strategy I outlined in The American Dream Lost is a basic plan that will work for just about anyone but is mainly designed for those that have only a few thousand dollars to draw on in an emergency. That is to say it is designed for the majority of Americans that have little money. It is important to understand that a plan of this type is an insurance policy against bad times that can do great harm to you and your family and needs to be understood in that light.
One of the worst problems people have is that when something bad begins to happen they attempt to continue living as they always have and ignore the future consequences until it is too late to do anything meaningful about it. If a person loses their job they continue to live as they always have using up their small savings in the hope that things will change for the better before they run out of money. Sometimes they win and sometimes they lose, it depends on how lucky they are. This type of mentality often leads people to the point where they run out of money and only then do they try to come up with a plan. The problem is, by then they have no resources left to enact a plan with. This is what you need to avoid.
When your economic situation suddenly changes for the worse you need to immediately sit down and determine what the future is likely to look like. It is good to be optimistic but if the chances of finding a new job are not very good you need to decide how best to use what resources you have to maintain a decent living standard. You may have to make some very difficult choices but the option of doing nothing could be very harmful in the long run. For those that decide radical steps may be needed to continue caring for their family the following list is a good place to start.
Buy a years supply of basic foods and supplies that store easily
Buy some durable clothing for future use
Buy an older vehicle for cash that can pull a trailer
Buy a good used camper trailer for cash that can house your family
Buy a weapon and ammo for protection and hunting purposes
Buy a few rolls of silver coins to preserve wealth and act as an emergency fund
What this gives you is the ability to continue caring for your family even in the worst of situations if everything is lost to creditors. They will have food, shelter, clothing, transportation, security and the ability to buy critical items that are needed at some future time. Convincing your family they have to move to a camper for a while would not be easy but the alternative of being homeless would make it an easy choice. The fact that thousands of people all across America are at this very moment living in tents near large population centers is proof enough it can happen.
Depending on your shopping skills all of these things can be secured for under $5,000 dollars and much less if you have time to look for bargains. Your plan may be slightly different depending on the resources and skills you have. You may have access to a small piece of land you own somewhere that a cabin can be built on or you may have the skills to retrofit a van body truck or enclosed trailer for living in. In situations like this skills are worth as much as gold coins.
When the next great depression hits it will be unlike anything we have lived through before. Nothing will be as it seems and only those that have the resources to adapt will come through it whole. Preparation is the key to adapting to future events and those without resources will reap a bitter harvest as they struggle to survive. No announcements will be made, no warnings will be given by the establishment, it will just suddenly happen out of the blue and everyone will say it was unpredictable. But those who prepared will know better.
By: Tom Chatham
With the increase of school shootings the past few decades the safety of students has become a more difficult proposition. There are people on different sides of the issue arguing for their solution but few are actually sitting down to analyze the problem and put forth sensible solutions. No one solution will be best for all locations just like no one solution will work equally well for disaster preparedness in all locations. We need different approaches for different locations based on the threat posed.
One of the most needed changes to schools today is the reintroduction of moral standards to children to curb the hostile intents kids have for one another. You cannot eliminate these feelings completely but you can instill the fear of acting out on these feelings through moral standards and the knowledge there will be a price to pay for doing so.
Teaching kids not to kill one another is probably the simplest way to stop killings but there are those that have true mental problems that only therapy and proper medications will help. These individuals need to be identified and monitored to insure they do not become a threat. This can be done without violating their rights.
Some schools in crime ridden areas go to the extreme length of having metal detectors at the entrances. This has served some areas well but anyone determined to get weapons into the school could still do so if they wanted to bad enough. Simply breaking into the school after hours through a window and planting weapons inside for later retrieval is always possible. Only their willingness and imagination prevents it.
The first line of defense is to keep the hostile person out of the school to begin with. Having external doors that are secured during school hours is one way to minimize the access. External doors as well as exterior windows on the first floor that are bullet resistant will go a long way to making forced entry difficult.
Once a weapon or hostile individual is inside a school there need to be systems in place to deal with the threat. The most effective method is to have an armed security guard that can face the individuals and stop them with lethal force if necessary. This may be the best option for some areas but not necessarily all of them. Armed officers make sense where the threat is high but not all schools have a high threat level.
Inside the building, certain interior doors should be bullet resistant and have an internal bolt to lock the door preventing entry of even an armed person. Keeping a physical barrier between shooters and victims is essential to preventing casualties. If a shooter manages to breach a door those inside should be prepared to defend themselves. This is one thing children need to be taught. Never go down without a fight. This applies more to older children than to smaller children.
The most vulnerable time for a shooter is when they move through a doorway. They can not see what is on the other side of the wall and that is where resistance needs to come from. Being up close to a shooter leaves them little room to maneuver for a shot. When assaulted by several persons at once up close a shooter can be overwhelmed and brought under control. Using a simple weapon such as a piece of wood or pipe and striking them in the head as they move through the door can take them down long enough to get control of them.
There is much debate about arming teachers in schools. This may be the best option in some areas. The more friendly weapons you can bring to bear against an intruder, the greater your chances are of ending the event quickly. There are many that do not like this option due to their fear of guns in general.
One possible compromise to the arming of teachers could be to arm them with less than lethal weapons. Arming every teacher in certain schools with tasers and providing them proper instruction on their use can also provide a deterrent to hostile individuals. The type of tasers that many police departments use can take down an assailant from several feet away very effectively. This type of weapon would reduce the fear of accidental discharges in schools.
Using a mixture of the items listed can make schools safer and give children some piece of mind while they are in school. Every school is different as are the communities scattered across the nation. Only by analyzing the needs and fears of each school can we begin to secure these locations and end the threats posed by people who wish to do harm to others.