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From the Desk of John Rourke – March 7th, 2017

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Just scheduled an interview on PrepperRecon.com with Mark Goodwin in April. Once it goes live will make an announcement. Looking forward to it.

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Over on the 1776PatriotUSA FB Group a question came up about having cash on hand and if it all comes crashing down would the government declare the US dollar to be worthless – and how long would that take. A good discussion followed however, I believe the premise of the question to be false from the start.

Hey – we all have different beliefs but as one commenter put it they had “never heard of a country declaring its currency worthless.” I haven’t either and do not see any reason why it either could happen – or would happen.

The value of that greenish piece of paper is largely what it is because people believe in its value. While I understand the effect of supply increase causing a potential decrease in value – it has not happened recently with the US dollar. Although prices fluctuate – much of what I buy today costs similar to what I paid 10 years ago. This is true even though massive amounts of money have been pumped into the system through QE.

While other countries have seen substantial inflation when their government massively increases the money supply I think the United States with its sheer mass and complex societal and monetary system is able to absorb the additional funds. I’m no economic expert but an increase in the money supply of close to 50% from 2006 to 2016 is significant. The effect seems to not be – at least not yet.

Re-reading all of the above not sure I am actually getting across what I am trying to say. The bottom line is you’re not going to wake up tomorrow and find the dollars in your wallet worth nothing. It’s coming – but it’s going to take more time.

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The new proposed healthcare plan/bill is available online. Why do I have a feeling the Republicans have totally screwed this up? I hope not. You can download it yourself HERE.

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Anyone have any experience with Cerekote or Duracoat? Would like to get some information.

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Here is a picture of the Vortex Crossfire II 1-4X scope I mentioned yesterday in my Patriot rifle review – with the laser on. I was able to exchange the laser and went ahead and mounted it. We’ll see if the TruGlo Micro Laser holds up. It is so tiny and lightweight I really hope it does.

Vortex, Crossfire, optic, scope, AR-15,

There are many reasons why so many love their Kindle and Amazon Fire tablets. One huge advantage is you could literally go years without every buying a book to read as there are tons of free eBooks available. Don’t have a Kindle or Fire? No problem. There are apps that can be installed on most any cell phone or computer for free. No excuses!

Today’s Freebies

Minimalist Living – How To

Trading Commodities for Survival

The Prepper’s Guide to Preserving Eggs

Easy Container Gardening: 5 Steps to Grow Fresh Organic Vegetables in Small Urban Spaces

First Wave

NOTE: If you see a free Kindle book that you’re interested in get it now. Prices change often and there is no way to tell how long the book will remain free. Before purchasing a free Kindle book on Amazon make certain the book is still free by making sure the price is $0.00. If it lists a price or says “read for free” or has a price for prime members the book is not free anymore.

 

 

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9 Comments

  1. Patriot Believer says:

    JR,

    Have not done Cerecoat but have used Duracoat lots. Have not had a failure in coating performance (i.e. resists abrasion, solvents etc.). Easy to work with 2 part cured coating–hard and durable. You’ll need an airbrush and lacquer thinner for cleanup. All the normal prep requirements apply (roughened surface, absolutely clean).

    I’ve heard they now have lubricated coatings–I need to check that out….

    Reply
  2. Large Marge says:

    re: flawed assumptions

    By definition, fiat currency has no value.

    The exchange rate of yen to rupees to Zimbabwe dollars is identical == nothing for nothing for nothing. Holding fiat currency is a suckers’ game.

    Occasionally and temporarily, some individuals within a closed economic system agree to place ‘imagined value’ into a certain type of currency… as long as they expect to receive something tangible in the next exchange. If no tangibles are available == Venezuela, PAW == currency is worth less than nothing. Last holder loses.

    By definition, federal reserve notes are a loan from the holder to federal reserve bankers..The more FRNs you hold, the larger your loan to federal reserve bankers. Bankers use your loan to acquire tangibles such as businesses, real estate, yachts… and the priceless irreplacable time of workers. Last holder loses.

    Acquire fiat currency cheap, then quickly trade for something of value. Last holder loses!

    Reply
  3. Pam says:

    An economic historian explained to me that in the past, economic changes were a result of societal changes. In the last 500 years or so (probably longer), societies have been increasingly manipulated by economics (care to buy an indulgence?).
    In examination of every fallen empire since 350 AD, the coin of the empire outlives the empire. The duration is different in each case, mostly dependent on the power filling the gap having new currency ready for circulation. With cryptocurrency, blockchain technology advancing at the rate it is, one could argue the ‘new currency’ is right around the corner. However, in the streets, people will continue to use the ‘barter item’ ($) we all use today – FOR A WHILE.
    Look at it this way, you store 55 gallon barrels of water for emergencies but you realize that if the emergency goes on for an extended length of time you will need water purification measures. Eventually, you may decide that drinking water that has chlorine and fluoride and possibly lead or arsenic in it is OK.

    Reply
  4. goingray58 says:

    OK .. I don’t disagree .. Following the above .. “What you hold last makes you either win or lose”… So what’s safer to hold ? As long as it can be converted back at need either before, during or after a hickup .. it’s that thing you want to hold. In the event of a partial failure … Paper is the more risky (paper being currency and negotiable securities) I also agree that it woudl take something very major to upset the cart enough for dollars to be devalued greatly. In large part the US Dollar is the worlds secondary if not primary currency. It’s certainly safer than most if not all modern currencies. International debt settlement isn’t done in paper, but (gold, BRIS and SDR units) and we are loaned huge sums of money from the IMF and China, Japan.. That provides leverage and China has been found to use that leverage to manipulate the value of US currency. The borrower is eventually controlled by the lender, in that we will not get to say what the US dollar is worth potentially.

    Complicated ? You bet.. and a house of cards.. Any currencies value is held by mutual agreement, because the sums involved require it, so neither borrowers nor lenders.. fail.. and that is artificial at best. as Large Marge implies.. the money behind the money is made by trading one for the other (currency and assets) at the right time. So then it’s implied value and timing.. and like saying the one that deis with the most toys wins.. Umm .. Yes and No…It’s the what happens next to the ones that didn’t that counts to all but the dead guy.

    What happens if you pull out one card from the house ? Which card ? Does it matter ?

    Short term again I agree, but we are here because we believe in not having all our eggs in one basket right? Sooo in my mind I cover as many bases as I can.
    GG58

    Reply
    1. 3rdMan says:

      If you have gold and silver, but no food or water. I have food and water, but no gold or silver. Who do you think will live longer? Also who will have all the gold and silver in the end, the guy who had the food and water of course!!!!! Man can not live on gold and silver only.

      Reply
  6. ralph k says:

    Have some paper currency around, nothing bigger than $20 bills though in case they decide to declare the larger bills ‘bad’ , you know, youre a drug dealer, terrorist, child abuser, whatever. Couple of months worth of cash. It will still work for a while. Plus have the usual, ammo, food, tools, meds, etc. Precious metals also if you can for preservation of capital. Not enough folks understand or have seen gold or silver coins, its not in their generational memory for trading and such. I. don’t think the dollar is gonna go away for a while just yet, but the euro will for sure, and that area will be going after anything dollar denominated to escape that currency, be it our money, stocks, land, whatever. Thats baked in the cake.

    Reply

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