How Prepared Are You?

SM,

Depends. It’s definitely a start. You seem to have a year-round growing climate and a green thumb, but what of water resources? Ample fertile soil? I bought a wonderful, older book about food gardening indoors, THE EDIBLE INDOOR GARDEN: A COMPLETE GUIDE TO GROWING OVER 60 VEGETABLES, FRUITS, AND HERBS INDOORS by Peggy Hardigree. I also have a great food preservation book, Preserving Everything: How to Can, Culture, Pickle, Freeze, Ferment, Dehydrate,…by Leda Meredith.

How do cows fare in Australia? Chickens and goats would be easier to protect, bring indoors if need be.

What exactly do you think will happen?

If it is as catastrophic as you think, your book will be useless. Government control could easily cut off your power, take away your home, anything or everything you once thought was yours.

Best advice would be head for the hills!

Well, here in North America the USA and Canada are tied into the same power grid, which is going to crash before 2019 arrives. I have no idea what will trigger the massive black-out but it will affect both nations.

We are going to go mobile depending and end up in close proximity to the Canadian border.

Just read this:

As you read this, Australia is riding high.

We’ve survived the biggest commodity super-cycle in our history pretty much unscathed. We are a vastly richer country now than we were in 1991.

On 1 April, we will inherit the mantle of having the strongest economic performance in world history.

At the same time, stock markets are at record-highs, just like in 2007.

Bloomberg reports that hedge-fund liquidity just fell to an all-time low. The last time it did that was four months before the 2007 crash.

The Volatility Index, which shows how fearful traders are about the future, is flat-lining. It’s at the same level that it was in 2007.

Just like 2007, every sense is telling me that something big, and very bad, is about to happen.

Only, there are two key differences:

What’s about to happen, on a global level, will dwarf what happened in 2008.

And, while Aussie investors got off quite lightly during the Global Financial Crisis, this next one will bring our nation to its knees…

As I will demonstrate to you clearly, we are nearing…or have already reached… ‘Peak Australia’.

It saddens me to issue this stark warning to you today.

But, if you live in Australia, the warning I’m about to issue could impact you.

If you have children or grandchildren trying to get a start in life, it could impact them.

If you are a businessperson, a manager, self-employed, an employee at a company, or even if you’re retired, this could impact you.

Put simply, I believe a new financial crisis is coming.

And, unlike the last GFC, this one is going to hit Australia like a freight train.

I know what you may be thinking: ‘Australia just dodged a recession. And the economy has rebounded strongly. The trouble is over, isn’t it?’

As I’ll explain over the next few minutes, it’s a terrible mistake to think that way.

The Australian economy is nowhere near as rosy as Prime Minister Malcolm Turnbull makes out.

At the same time our economy was ‘growing’, the household savings ratio fell from 6.3%, to 5.2%. Households were raiding the piggy bank to spend for Christmas.

The last time the savings ratio was at this level was back in the third quarter of 2008…the same quarter that saw the collapse of Lehman Brothers.

At the same time as the wonderful GDP news, the Organisation for Economic Cooperation and Development (OECD) issued a warning…

A ‘significant’ rout in Australian house prices is imminent.

‘House prices and household debt have reached unprecedented highs,’ the report said.

‘A continued rise of the market, fuelled by both investor and owner-occupier demand, may end in a significant downward correction that spreads to the rest of the economy.’

But, you know what, reader?

Worrying as that is, the warning I’m about to issue has nothing to do with that.

It has nothing to do with record-high stock markets.

Or Australians being mortgaged to the hilt. Or China and commodity prices.

It has to do with a specific and local event. One that I thought might’ve been at least a few more years into Australia’s future, but which I now believe is imminent.

And it’s an event which could bring about a grinding halt to the way of life you’ve grown accustomed to.

This looming crisis — which I call a ‘Long Bust’ — is related to the mining boom ending…and to the Global Financial Crisis that central bankers such as Dr Alan Greenspan (more on him in a moment) created with their easy-money policies…but it is infinitely more dangerous to Australians than both of them combined.

And, unlike most of the things we publish here at Port Phillip Publishing, this warning expands beyond the realms of investing.

If you are retired, approaching retirement, or even planning ahead long-term for retirement, you need to hear what I have to say in these pages.

A new financial crisis is coming.

Like 2008, it will be global.

Unlike 2008, it will hammer every aspect of the Australian economy and society.

Sounds like a pitch from a bullion salesman.

Yikes! :confused:

Today’s Venezuela:http://www.reuters.com/article/us-venezuela-politics-idUSKBN1761MR Crisis continues…regarding food and basic necessities. The shortages developed in what two weeks?

Sounds like anti socialist propaganda. Chavez nationalizes xom assets in Venezuela, presides over huge oil boom. Wants to help his people. Is sanctioned by the US, now we’re horizontally drilling into their shit via a deal with Guyana, and Venezuela has to pay judgements which destroy thier economy.

Sanctioned by the US, what about trade with other countries?

What do you mean? Being sanctioned by the US is pretty much an economic death sentence. Maybe they can trade some soybeans for some bananas with another country in south America, but I dont think that would do much for infrastructure of public services there.

They lost 1.6 billion just in a single case to Exxon, who’s now taking the oil anyway because they made a deal with an island off the coast and can drill horizontally to get it. Also, it can’t hurt to mention that Rex Tillerson, the then CEO of Exxon is now the secretary of state…you know…our nations lead diplomat to the world. He also presides over the emergence of Isis. Those were Exxon rigs that they were attacking in, uh…“Kurdistan”.

US media be like…“they came out of nowhere because they hate Christians!”.

We were totally stealing thier oil. Had to abandon tons of equipment and evacuate everyone on the fly.

China won’t trade with them? Russia won’t trade with them?

Do you have a link source for Tillerson and Isis?

People dont write papers about that shit. Its just a fact that he was CEO, they were drilling in northern Iraq, which no world governing body or foreign power acknowledged at the time, or even now as anything other than northern Iraq, but since the Kurds had declared it to be Kurdistan, Exxon saw fit to make a deal with some tribal types up there to buy the oil. Except it wasn’t thier oil. It belonged to Iraq. So naturally, it pissed off alot of people there. This isn’t an academic argument, or intended to be persuasive. Its just current events. Follow the feeds for the financial news of the major energy companies in the world. Its all right there to see.

If you had a ranch in Texas sitting on a pool of crude, and some foreigners set up rigs on your neighbors land, and drilled sideways under your land to get your oil, you’d be a terrorist too.

What about the other questions?

I don’t know if Russia or China will trade with them. But geography alone dictates that even if they do, its still not the best option. And even if they would, which they might, it doesn’t negate the impact of the settlements that they owe and are having to pay.

Mr R wrote:

Well no, this is what he wrote about gold…

It may surprise you that gold does not figure into my End of Australia protection strategy.

When the next crisis kicks off, there will be a massive rush for liquidity.

Most gold bugs don’t realise that the yellow metal — the traditional safe-haven in times of turmoil — will not be as safe as many assume.

In fact, it could very likely get caught up in the panic-selling. Gold is a highly-tradeable asset and, in the frenzy for cash, it will be on the auction block along with quality stocks and property.

The gold price peaked in September 2011 at US$1,920 per ounce.

Since then, it has fallen (in US dollar terms) over 35% in value.

The six-year slide has caused gold to lose its ‘charisma’. It is no longer the hot and popular investment.

The gold price has recovered some ground recently. But be warned: When the crisis comes, it will be caught up in the panic selling.

Cash will be King.

When the real crash comes, the best currencies are ammunition, medicine, and food.

Agreed.

And tobacco.

There are still some old people around who know how it is, when literally overnight all the shelves in the supermarkets are empty. A couple of months ago, the German government advised the population to store food and water for at least two weeks in case of an oncoming war or (other) catastrophy, so I suppose it isn’t entirely delusional to expect something like this. I actually bought some tinned food, rice, water, vitamin tablets and tobacco (as a currency), which would last for me and my family for about four weeks. Of course, nobody knows what will really happen when it comes to such an extreme situation, but storing some essential supplies doesn’t hurt anybody and is the least one can do.