Last Man Standing
In a crisis situation…the last man standing wins.
Have you ever been hungry? I mean really hungry? Try not eating for just a 24 hour period. Drink all the water you want, but don’t eat anything. Now try that for 2 days, then 5 days…try fasting for one week. Good luck! After a few days you will become so panic stricken, tired, irritable and sick you will do just about anything to get food and eat just about anything. This is a crisis situation. If there are a dozen people in this crisis it would be very accurate to say after one week of no food, the last person standing would be the winner. Please also be aware of this fact….Desperate people and desperate governments will do DESPERATE things in a crisis situation.
What is the solution to avoiding a crisis? How do you stay standing and thrive when others fall by the wayside?
If you see this crisis coming, if you can see dark clouds on the horizon and know that bad circumstances are on the way….in a food crisis any smart person would save store extra food. A smart person would understand that in a crisis situation that the promise of a big satisfying meal a week from now is no where near important as eating a small meal today…when you are starving. To survive a food crisis, storing goods in advance and stocking your cabinets today will allow your family to survive a future crisis.
Today, the United States is on the verge of an enormous financial crisis of epic size and duration. This type of financial crisis will cause a rapid depletion of the value in your savings account, US stocks and real estate. Your bank account value and personal assets could vanish in just a few short months. One does not have to be a genius to recognize this coming threat. The signs and information about this slow down are everywhere, on the news, in the papers, blogs, videos…..you are in denial if you think it’s not happening right now.
So here comes the financial crisis…. Are you already stocking away valuable commodities such as gold and silver so your family can weather the storm? Have you been dumping your standard ‘investment’ portfolio of mutual funds in favor of tangible assets? Consider what others are doing now and think for one moment what it is like to be really hungry. Buy some precious metals now and prop your family up so they will survive this coming crisis.
Demand for unallocated bullion accounts grew in Russia, August 14, 2008, The Savings Bank of Russia published statistics of the sales’ volume of the unallocated bullion accounts (UBA) in the first half of 2008. According to this data, in one of the bank’s territorial branches, in Zabaikalsk, UBA’s sales grew nine times as compared to the analogical period last year. The sales’ volume of gold in bars has almost tripled. Other banks as well mark private investors’ high demand for precious metals. The Bank of Moscow reported that the volume of UBA’s sales grew six times in the current year. And in NOMOS Bank and in Uralsib Bank mark the growth of interest in gold as well. Private investors started to show high interest in the investments in precious metals last year, when prices on them started to grow rapidly. http://b-ru.com/economics/general/demand-for-unallocated-bullion-accounts-grew-russia/
Bullion holdings in gold-backed, exchange-traded funds (ETFs) reported a net inflow during the second quarter of this year of five tonnes. According to the World Gold Council (WGC) this now pushes gold ETFs to holding 948 tonnes of gold bullion! World Gold Council (WGC) has reported a big increase in the number of gold coins being bought. 2007 revealed a whooping 81% increase across the UK in gold coin buying for investment. That total coin only figure was close to 4.5 tonnes.
In the United Kingdom, gold bullion suppliers like BullionVault, ATS Bullion and Baird & Co have all stated record levels of gold bullion buying & investments.
New figures from BullionVault reveal the amount of gold bars purchased through them has doubled in the past year to 7.5 tons, more than half of which is owned by British clients. ATS Bullion claims its turnover has doubled in the past year, while Baird & Co reports customers queueing around the block to buy its gold.
In Saudi Arabia, gold sales by value rose 14% to reach $1.3 billion between April and June reported the World Gold Council’s local office today. *http://goldnews.bullionvault.com/Gold_physical_squeeze_private_investors_institutions_paper_081820083
8/21/08 A shortage of American Eagle bullion coins due to soaring demand following a recent sharp retreat in gold prices has forced the U.S. Mint to temporarily suspend sales of the popular coins. “Due to the unprecedented demand for American Eagle gold one-ounce bullion coins, our inventories have been depleted. We are therefore temporarily suspending all sales of these coins,” the U.S. Mint told authorized coin dealers in a memorandum dated on Friday. *http://www.reuters.com/article/ousivMolt/idUSN2140103820080821
We are entering a crisis situation right now. Plan ahead and don’t be left out in the cold.
Comment by Mark on 23 August 2008:
By Kevin Hamlin
Aug. 22 (Bloomberg) — A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China’s central bank.
“If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,” Yu said in e-mailed answers to questions yesterday. “If it is not the end of the world, it is the end of the current international financial system.”
Freddie and Fannie shares touched 20-year lows yesterday on speculation that a government bailout will leave the stocks worthless. Treasury Secretary Henry Paulson won approval from the U.S. Congress last month to pump unlimited amounts of capital into the companies in an emergency.
China’s $376 billion of long-term U.S. agency debt is mostly in Fannie and Freddie assets, according to James McCormack, head of Asian sovereign ratings at Fitch Ratings Ltd. in Hong Kong. The Chinese government probably holds the bulk of that amount, according to McCormack.
Industrial & Commercial Bank of China yesterday reported a $2.7 billion holding. Bank of China Ltd. may have $20 billion, according to CLSA Ltd., the Hong Kong-based investment banking arm of France’s Credit Agricole SA. CLSA puts the exposure of the six biggest Chinese banks at $30 billion.
`Beyond Imagination’
“The seriousness of such failures could be beyond the stretch of people’s imagination,” said Yu, a professor at the Institute of World Economics & Politics at the Chinese Academy of Social Sciences in Beijing. He didn’t explain why he held that view.
China’s government hasn’t commented on Fannie and Freddie.
Yu is “influential” among government officials and investors and has discussed economic issues with Premier Wen Jiabao this year, said Shen Minggao, a former Citigroup Inc. economist in Beijing, now an economist at business magazine Caijing.
Investor confidence in Fannie and Freddie has dwindled on speculation that government intervention is inevitable. Washington-based Fannie has fallen 88 percent this year, while Freddie of McLean, Virginia, has slumped 91 percent.
Paulson got the power to make purchases of the two companies’ debt or equity in legislation enacted July 30 that was aimed at shoring up confidence in the businesses. He has said the Treasury doesn’t expect to use that authority.
The two companies combined account for more than half of the $12 trillion U.S. mortgage market.
To contact the reporter on this story: Kevin Hamlin in Beijing on khamlin@bloomberg.net
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