kidmercury

I'm travelling this week -- DC, Philly, NYC, Chicago -- and I'm on a semi-vacation. Meaning I'll be working slightly less.

So there won't be any blogging this week. I'll be back March 9th.

Of course, that doesn't mean you shouldn't still come to KidMercuryBlog.com everyday, as you can still check out our news channel, our music channel, and our news forums. So KidMercuryBlog.com is still the place to get the best articles and videos.

Thoughts On the Economy

I'll leave you with some thoughts on the economy:

1. I've said it a thousand times, I'll say it again: get gold and silver. Do not play with the ETFs, there are too many scams going on there. Get coins and get some through Bullion Vault.
2. For rich people who have the "I have so much money what do I do with it all" type of issues, I recommend two things: (1) go shopping! and (2) get out of the 20+ year Treasuries and move into the short-term Treasuries so that when inflation kicks in you can get out asap, or at least can get in on newly issued Treasuries with higher yields. Of course see point #1 as Treasuries are ultimately doomed.
3. If you can, have lots of paper cash on hand in lots of different currencies.
4. iTulip recently released a hyperinflation report, upgrading their expections of hyperinflation. This was a real shocker to me. I have immense respect for iTulip, they have been spot on on all the big stuff in the US economy for the past 10 years and have a very rich analysis and a deep understanding of what is going on in the US economy. Their analysis makes sense in both simple and complex terms. When someone understands something in both simple and complex terms, they really understand it. Readers know that hyperinflation is something I've been concerned about, and is something that may be a part of the New World Order agenda. It is something that is both politically feasible (fiat currency + imperial agenda has historically resulted in hyperinflation) and economically (countries in a recession with government debt owned by foreigners that is increasing and the government is insolvent increases the risk of a run on a currency -- the Argentina scenario). The fact that iTulip now views it as increasingly likely in the US really alarms me, even more so than I was before.
4. In terms of currency trading, I've been on the sidelines in US dollars during February, though I'm getting ready to re-enter a long position in the Australian dollar against the Japanese yen. Just waiting for the technicals to line up on the chart, should that happen.

Economists I Like

If you're looking for something to read while I'm gone, I recommend my favorite economists:

Bob Chapman
Eric Janszen
Peter Schiff
Stefan Karlsson
Jesse
Mike Shedlock

Ferfal

Readers of this blog know I have been recommending survival measures in the event of a complete currency crisis (i.e. hyperinflation). The four pillars of survival are: storable food, water filters, firearms, precious metals. Then there are a bunch of other things like first aid kits, flashlights, backup power supply, etc. Not to mention things like WTF you should do if you have young kids.

Honestly, I do not have the means to fully prepare. Though I'm not sure if you can ever be fully prepared, as there are a million things that can go wrong. I have storable food, metals, water filters, a dangerous knife, and 8 years of martial arts training (need to get a firearm but it is such a hassle thanks to goverment regulation...still on the to do list). Ultimately though I am fortunate as I am a 28 year old male, alert, carry myself with confidence, and do not dress in a way that suggests I have very much money, so I am not really an ideal criminal target. Criminals will target old people, then women. Those who truly wish to go to hell will look for rich people with young kids so they can kidnap and blackmail.

Anyway, I highly recommend people take some basic precautions. Don't be dumb and accuse me of fearmongering, I don't believe in fear. I do believe in looking at the cold hard facts and doing your best to make responsible decisions for yourself and whoever else you are obliged to (i.e. your family and perhaps some work colleagues). Storable food is one of the most obvious things. If you have a little bit of money why not buy some storable food? I bought mine from efoodsdirect. $1200 for a year's worth for one person. Unnecessary? Probably. But I think of it as an insurance policy, and a cheap one at that. You buy health insurance when the insurance companies are a bunch of crooks and the medical institutions are controlled by big pharmaceuticals with no interest in curing you, only an interest in selling you drugs (except marijuana, because you know you might go insane and die if you take a hit of weed.....lol). Anyway you probably buy health insurance for peace of mind. So why not buy storable food for the same reason?

But for the ultimate hyperinflation survival guide, I have to recommend Ferfal. It will scare you shitless, no doubt. But you know how I roll, I'll always take the Truth, no matter how bad it is. Because at the end of the day the Truth is always a better option than the Lie.

Always.

See ya'll next week.