Could Great Depression-Era Riots Happen in the U.S.?

Look. People are getting fed up about the way things are going in the U.S. High unemployment, high inflation, high crony capitalism, and lots of sharks feeding on people’s 401Ks and savings. When will enough be enough?

We have only to look back to the Great Depression of the 1930s to see that riots could soon be happening in the U.S. Watch this depression-era footage and make up your own mind:

If you think that even a small amount of this could happen in 2011 in the streets of America, you owe it to your family to become prepared.

Food, Water, and Emergency Supplies. Still the Big 3 of Emergency Preparedness.

 

Increased Demand Leads to Volatility in Food Prices

Freeze Dried Emergency Food Supplies from Wise Food Storage
Photo: Wise Food Storage

Emergency Food Supplies from Wise Food Storage

George Rapsomanikis, senior economist at the UN Food and Agriculture Organisation (FAO), revealed two major reasons for the recent volatility in food prices. In a recent article, he says:

“The main reason for increased price volatility is that supply production cannot catch up with demand. What is happening is that we have a steady increase in demand, mainly due to increase in the population, and also a change in the diet of population in emerging economies who are gradually changing their diets, including more meat and more grain.

On the other side, production cannot catch up with consumption. The global stock levels are becoming lower, lower than they used to be ten years ago and if there is an external shock in the market, this is going to generate volatility. So tighter markets means more volatility in the future.”

What you should also realize is that a major shock to the food supply could cause regional famines and potential starvation in developed countries like the U.S., Canada, and Europe.

In addition to increased demand for food due to population increases and dietary shifts toward eating meat, there’s another force at work.

The truth is, about 30% of corn supplies are being diverted not to feed the hungry — but to feed the the growth of biofuels. Now humans are not only competing with animals for their piece of the food supply…they’re also competing with the energy industry!

This means that any shock to the oil market can quickly cause an increase in the price of corn, which then causes a general increase in the price of all kinds of foods that use corn (and corn derivatives) as a primary ingredient.

In fact, research conducted by the Global Hunger Index (GHI) suggests that the root of the 2007-2008 food crisis was increased demand for biofuels combined with an increase in speculation in the commodities markets. GHI says we’re now on track for a repeat of 2008…except this time it may be worse.

Food prices may go higher than they did in 2008. And supplies may be stretched thinner than they’ve ever been stretched.

Price volatility and rising food prices are bad enough. But what happens when you can no longer buy certain food items at the grocery store? What happens when shelves get cleared out – and there’s nothing left to restock the shelves with?

The Cheapest “Insurance” Money Can Buy

One of the best ways to protect yourself from food price inflation as well as food shortages (both temporary and long-term) is by building your own emergency food supply. And one of the fastest, easiest, and most cost-effective ways to do this is to get your emergency food from Wise Food Storage.

If your financial resources are tight right now, remember that just one bucket will provide you with a critical buffer against any temporary glitches in the food supply. Plus, it will give you some protection against food price inflation – a disturbing trend that shows no signs of slowing down.

If you’re proactive and you get your Emergency Food Supply a year too soon, then you’re still protected. But if you wait and you’re one day too late, you may have hell to pay.

This is one place where you simply can’t afford to procrastinate. Please take action.

Get your Emergency Food Supply today.

 

Eat Like a King When All Hell Breaks Loose

Eat like a king in any emergency with freeze dried food
Photo: Wise Food Storage

Eat like a king during any emergency

Every economic indicator is saying that our sluggish economy is not rebounding, it’s actually getting worse. Even China, with its terrible trade imbalances is experiencing a contraction in the markets and is fighting to stave off inflation.

Our unemployment rate continues to hover at the government’s self-declared 9% rate (but is actually nearly twice that), and more and more people are going into debt trying to make ends meet. Food prices continue to rise and folks are getting hit in the pocketbook increasingly more than ever before.

What will you eat if you are unemployed for a while? A well-stocked pantry can help you weather hard times. If you plan ahead, you can actually eat like a king.

A deeply stocked pantry is a must in the times we are living in. It is your family’s “insurance policy” when hard times hit. Freeze Dried Food is the absolute highest-quality emergency food you can buy. It lasts for a minimum of 25 years and tastes great.

Don’t wait for a crisis to provide your family with “food security.”

 

Economic Collapse is Coming to the Global Financial Markets

Economic collape coming to the global financial markets
Photo: Wikipedia Commons

More bad news for Wall Street

There is more bad financial news coming at us from all angles.

Here are some samplings from the wealth of bad financial news that is coming out everyday:

  • A shocking new Bloomberg survey has found that approximately one out of three international investors expect a “global economic meltdown” within the next 12 months, and 70 percent of them believe that the global economy is deteriorating rapidly.
  • Financial markets in Europe were rocked Monday when it was revealed that Greece is not going to hit the deficit reduction targets set for it either this year or next year despite all of the severe austerity measures that have already been implemented. Needless to say, a lot of financial authorities in Europe were very displeased by this news.
  • German Finance Minister Wolfgang Schaeuble publicly declared that Germany will not contribute any more money to the European bailout fund. The truth is that the political will for more bailouts has totally dried up in Germany.

Regarding the decaying worldwide financial situation, Ambrose Evans-Pritchard had this to say in a recent editorial:

          THERE WILL BE NO FISCAL UNION.

          THERE WILL BE NO EUROBONDS.

          THERE WILL BE NO DEBT POOL.

          THERE WILL BE NO EU TREASURY.

          THERE WILL BE NO FISCAL TRANSFERS IN PERPETUITY.

          THERE WILL BE A STABILITY UNION – OR NO MONETARY UNION.

Basically, this is his way of saying that “the sky is falling” and that the financial system of Europe is doomed.

If you have followed the writing of Ambrose Evans-Pritchard for any length of time, then you know that he is one of the most respected financial journalists in the world and that he is not prone to indulge in much “doom and gloom”. For him to say what he did is very significant.

Even if there were no financial problems in Europe, the United States would probably be slipping into another recession anyway.

Right now our economy is a total mess, and all kinds of people are coming out of the woodwork and are trying to take credit for “calling” the upcoming recession.

But do the American people really need some experts to tell them that we are going into another recession?

The American people know what is going on. And more and more, Americans are realizing what they have to do.

Protect your family by storing food, water, and other supplies. Do it now while there is still time.

 

Financial Collapse in Europe is Near – Prepare Yourself

The financial world is rapidly approaching a day of reckoning
Photo: iStockPhoto.com

The financial world is rapidly approaching a day of reckoning

Financial collapse in Europe is getting close.

All across the western world, governments and major banks are rapidly becoming insolvent. So far, a total collapse has been averted because central banks are throwing around lots of bailout money. However, the public is growing tired of having to foot the bill for more and more bailouts. We are told that each successive bailout will correct the problem. Yet with each bailout, the situation just becomes worse and worse.

This debt crisis is unprecedented in world history. Europe has had a very difficult time keeping Greece afloat. Now, several larger European countries are on the verge of a major financial crisis. In addition, there are a growing number of large financial institutions all over the world that are approaching a day of reckoning. The global financial system is an ocean of red ink. When we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out?

Right now, the banking system in Europe is coming apart at the seams. Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.

Many people in politics and in the financial world know what is about to happen. Once in a while they slip up and are quite candid with the media.

Here are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is unfolding…

#1 George Soros: “Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation.”

#2 PIMCO CEO Mohammed El-Erian: “These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy.”

#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy’s largest bank): “The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”

#4 Stefan Homburg, the head of Germany’s Institute for Public Finance: “The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable.”

#5 EU Parliament Member Nigel Farage: “I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine.”

#6 Carl Weinberg, the chief economist at High Frequency Economics: “At this point, our base case is that Greece will default within weeks.”

#7 Goldman Sachs strategist Alan Brazil: “Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”

#8 International Labour Organization director general Juan Somavia: “Total unemployment could increase by some 20m to a total of 40m in G20 countries by the end of 2012.”

#9 Deutsche Bank CEO Josef Ackerman: “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”

#10 Alastair Newton, a strategist for Nomura Securities in London: “We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis”

#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: “It’s over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken.”

#12 Lakshman Achuthan of ECRI: “When I call a recession…that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it’s not going to stop.”

The epicenter of the “next wave” of the financial collapse is going to be in Europe. But that does not mean that the United States is going to be okay. The reality is that the United States never recovered from the last recession and there are already a lot of signs that we are getting ready to enter another major recession. A major financial collapse in Europe would just accelerate our plunge into a new economic crisis.

Now we are fast approaching a day of reckoning. We have been living in the greatest debt bubble in the history of the world, but that bubble is popping. There are several ways that world leaders could handle this, but all of them will lead to greater financial instability.

In the end, you can not save the world, you can only save your own family.

Protect your family while you still have time.