"Freedom is not an entitlement, it is a responsibility, that must be guarded at all costs from all those that desire to strip it from you." –Ayn Rand




EU Chief Warns of End of Democracy in Greece, Spain, Portugal







Practice What You Preach Posted: Jun 15 2010 By: Jim Sinclair Post Edited: June 15, 2010 at 9:38 pm
Filed under: General Editorial


Dear Extended Family,
You know that I practice what is written. As an example of that, please see the December 2001 career review about me that was carried in Forbes.


I live in a totally rural area of North Western Connecticut. I firmly believe that utilities are not one of your civil rights.
There are 14,000 gallons of buried fuel made up of heating oil, diesel and gasoline. The entire property can be run by my 2x 20,000 KW marine diesel engine electric generators without any need for conservation. There are four drilled wells that feed into an underground holding tanks room in which there are two 4500 gallon tanks with only their face showing on one wall.
The 9000 gallons of fresh water goes from the underground room into a 500 gallon holding tank in the house. I have three distillers that make water as Connecticut water is always hard. There are intruder lights at all entrances to the property. All driveways have metal detectors.
There is a 16 camera 24 hour security system that plays on any computer I use. The security system not only shows the office entry but also scans the property and inside the barns. They can be downloaded onto a hard drive and take recorded pictures, time dated, triggered by motion.
I have a 65 foot indoor pistol range capable of taking .50 caliber rounds into a Detroit bullet trap underground in a field. The range takes 800 cubic feet of air down range and exhausts into a field so you do not die from inhaling your hobby.
We do farm equipment and auto repair, painting, carpentry and masonry (with the exception of chimneys) ourselves.
We have a heavily populated 90,000 gallon fish pond. My root cellar is 16 by 16 by 10. My long dormant hen house is being resuscitated.
We are over ridden by deer and in need would have no problem laying up meat.
The equipment required for all tasks from farming to all kinds of hunting is in over supply. I am trained in all the talents of taking care of myself.
Having spent many years living in developing nations in Asia and Africa, this is simply how I have lived.
Why you ask, in North America? The answer is simple.
It follows directly on Bill’s question today concerning the proverbial but purely semantical argument of inflation vs. deflation. Hyperinflation, a currency event which is certain to occur, will disrupt for economic reasons the distribution of food, bottled water, medicine and utilities.
The currency event will be that of the entire Western world, not simply the dollar. It is not the lack of these items as much as it is the disruption economically of the means of distribution that require us all to think beyond gold.
Vacation homes in rural settings are smashed price wise. Owning such a residence might enhance normal family life, and become an island for those few months when distribution collapses due to hyperinflation.
Don’t laugh, it is going to happen to some degree.
The most fun is my garden pictured below. A garden plus a root cellar means storage over the winter months for important natural food items. Our apple crop, that which is not made into sauce or cider, goes into a walk in frost room for preservation.



Dear CIGAs,
People have given up their lives, their fortunes and future for our freedom. Honor their sacrifice by taking a stand, please. I have.
Jim Sinclair





Jim Sinclair’s Commentary
Since the latter is totally impossible politically, the former must be a statement of prediction concerning the future of the Western world.


Bernanke: ‘Things Will Come Apart’ If Entitlements Are Not Reformed and Spending Controlled Thursday, June 10, 2010 By Matt Cover, Staff Writer


(CNSNews.com) – Federal Reserve Chairman Ben Bernanke delivered a frank assessment to Congress on the fate of the economy if entitlement programs are not restructured. On Wednesday, Bernanke warned that “things will come apart” if Congress allows the federal entitlement programs and the deficit spending they cause to continue on their unsustainable path.
Speaking at a hearing of the House Budget Committee, Bernanke offered his dire prediction after being asked what would happen if Congress did not take action to head off the impending crisis brought on by unsustainable entitlement spending, led primarily by Medicare.
“The entitlement programs are not self-funded,” Bernanke said, “they are unfunded liabilities. They are the single biggest component of spending going forward.”
Bernanke said that there were several ways Congress could fix these problems, which amount to approximately $53 trillion in unfunded liabilities, but that eventually Congress must address the issue.
“There are various ways you could address this – you can restructure entitlement programs [or] you can cut other things – but at some point you need to address the overall budgetary situation. If you don’t, you’ll get a picture like this one [pointing to a graph showing a steep rise in interest rates and debt] where interest rates are rising and debt outstanding is growing exponentially.
More…





Proctection From Inflation Is Through Real Assets Not The Stock Market
posted by Blogger at Jim Rogers Blog - 11 hours ago
The only big bull market I see in the next decade continues to be commodities. Protection from inflation on a long-term basis, is through real assets, not the stock market. in CNBC Related ETF`s: SPDR S&...






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