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Advice to the Prime Minister/President

Advice to the Prime Minister/President

Your country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists.

PM: You two economists have different views on what our economic policy should be. What is your advice?

FIRST ECONOMIST (Austrian school): Prime Minister, the reason we face a stagnant economy is your central bank perpetuated the credit cycle by suppressing interest rates when the economy turned down after the banking crisis and lending risk escalated. That has left us with a legacy of under-performing businesses, which should have been left to go bankrupt. Instead they are struggling under a burden of unrepayable debt. Capital is not being reallocated to the new enterprises of the future. The dynamism of free markets has been throttled.

The extra money and credit created by the banking system has not been applied to the real economy. Instead they are fuelling a financial boom in asset prices, which have become dangerously separated from production values.

Eventually, current monetary policy will lead to a fall in the purchasing power of the currency, and the central bank will be forced to raise interest rates to a level that will precipitate the next financial crisis, if the crisis has not already occurred by then. Overvalued assets become exposed to debt liquidation. It happens every time, and if you think the last crisis, which led to the Lehman collapse was bad, on current monetary policies the next one will be much worse, just as Lehman was much worse than the aftermath of the dot-com boom.

A monetary policy that relies on the transfer of wealth from savers to debtors always fails in the end, as certainly as death and taxes exist. It is also the real reason the bankers are getting wealthy while ordinary people become poorer.

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Water Storage Tips And Advice 101

Water Storage Tips And Advice 101

Greetings to all. I would like to write about my experience with water storage over the years. First and foremost, water is hands down the most important tangible item in a survival scenario. There are countless articles written on food storagegunsbug out thisbug in that and multiple other survival gear and items.

The fact is, without water….your dead. The human body can only survive a few days without water, but can go a few weeks without food. Sure you can “bug out” and snare game, or kill a deer for food, but how are you going to wash your hands after you dress an animal, clean your cookware or wash down that game flavored goodness that you are probably not used to? So here is a short article on water basics covering procurement, storage, filtration and usage.

Procurement – There are many ways to find water and here are a few that are available in my area. First, the well. If you don’t have one, you should look getting one. We live in FL and have a high water table so running dry is not an issue. I have an antique cast iron hand pump for dispensing with spare leather cups on hand. The second source you can use is a nearby lake, stream or river. Note, these may be contaminated even more than already when SHTF so use care when filling containers.

Also a cheap way to find water is to use a rain water containment system from your roof. You may have shingles instead of a tin roof, but with filtration, this can be turned into potable water if needed. Finally, there are multiple other places to look, too many to list in fact. There should be good water in your hot water tank for a few days.

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Olduvai IV: Courage
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Olduvai II: Exodus
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