JSMineset is an educational site which presents information throughout the year for your consideration. The information provided can be about precious metals, the markets, geopolitical events and other topics and articles of general information.
Today, I would like to share with you an outline and some suggestions to consider about general emergency preparedness. We have written about getting out of the system (GOTS). Getting out completely isn’t possible for most people. Whether you are in the system, and to what degree, and having precious metals isn’t going to be enough to keep you safe in an emergency situation. Being prepared for an emergency is something we all need to consider. Preparedness can be for any emergency. Preparedness can be for any crisis. It can be for a natural disaster like an earthquake in California, or a hurricane on the Eastern US, power outage, credit or currency crisis, terror attack, etc. The disruption of services (utilities, transportation, etc.) we depend on can create societal conditions in which we may need to depend on ourselves and our personal resources. Our wellbeing and the wellbeing of our loved ones may depend on our preparedness in the times to come. Precious metals won’t be enough to keep us safe from harm.
The main thing about preparedness is that regardless of the emergency, for the most part, preparedness is the basically the same. The second thing about preparedness is that, it is better to prepared and not need it, than to need it an not be prepared. The third thing about preparedness is that it will do no harm. Being prepared for any emergency is like insurance. You hope that you never need it, yet you acquire insurance because you prefer the protection and peace of mind it offers. In this, you prepare for the worst, but hope for the best. You get the insurance, but hope you never need it. If you do need it – it can be priceless.
In hearing your concerns, we have prepared an outline of things to consider, and some suggestions to assist you in being prepared for the disruptions in world conditions the future may bring.
- Money – Most of us understand that precious metals are real money. Precious metals are not dependent on a governments promise to do or pay anyone or anything. Precious metals have no national borders and are a store of value and medium of exchange. Having precious metals is an important part of preparedness, yet you can’t eat a Krugerrand and you can’t defend yourself with silver eagles. There is much more to preparedness than precious metals. Precious metals alone are not enough to be truly prepared for an emergency, but possessing them is an important step. Having some junk silver coins in your possession can be a readily accepted medium of exchange for goods and services. Even so, during a period of chaos or disruption of essential services, we need to plan further. Since most people readily accept paper currency, it is a good idea to have a month of dollars, or euros, etc. in your possession to pay for your needs. Paper currency is for transactions. Precious metals are for a store of wealth to be used when paper currencies fail. Three months of paper currency is better, but enough paper currency to pay bills for a month is a first aim. Having cash on hand could aid you and your loved ones enormously. If you couldn’t access an ATM, and your credit/debit card didn’t work, how well off would you be if it happened this moment – without a moments notice? How much currency would you have to live? Some people live from ATM transaction to ATM transaction or rarely use cash at all. Consider what you would do if you had no credit or debit cards, or electronic ability to pay.
- Money Alternatives – If you don’t have cash on hand, you are in the majority, but there are still things you can do. If you look at the historical currency crisis’ of the world there are other things you can keep and stock up a little at a time which can act as money in an emergency. These are alternatives other than gold and silver. Consider keeping money alternative items like liquor, ammunition, seeds, guns, food, weaponry and even things like cigarettes and over the counter medicines. Alternatives to money can be obtained in small increments. In the hyperinflation experienced in Argentina in the 1990′s the small airline bottles of liquor were as good as gold. They were cheap to buy before the financial crisis, but almost impossible to get when the crisis hit. Money alternatives are a step to another method of securing what you need, but it is more a money alternative that is generally acceptable than actual barter.
- Barter – Barter is a form of money alternative in which goods and services are exchanged. The problem with barter is that in urban and suburban areas, there isn’t a tradition of barter as there is in more rural and agrarian cultures. Most communities in the US today have local Internet networking sites like internet community bulletin boards, and front porch forums. Many are hosted by civic groups or religious organizations. See what is available in your area and perhaps check with your public library or see what bulletin board groups put ads on sites like craigslist.org. These can easily be Googled and you can subscribe to a bulletin board in your area. You may find an internet location to buy, sell, swap and trade information in your local community. These sites also allow for easy community networking and getting to know your neighbors, and their skill sets. If interested, a Google search will reveal what is available in your community. When looking for community bulletin boards, be discerning about you privacy. Use common sense, and practice safe internet practices with your personal information.
- Neighborhoods/Neighbors – Get to know your neighbors or others of common interest and like minded people in the location where you live. Neighborhood organizations can be valuable in protecting yourself, and your family in your community. Knowing your neighbors is a good start toward self and home defense in a situation of civil unrest. Know the people around you with whom you have things in common. Getting to know people in an emergency isn’t the best time to meet and greet. Safety is every communities business.
- Defense and personal safety – This includes the safety of those you love. This is a highly personal topic and will depend greatly on where you live and what you have available. It will be determined largely by your personal values. If possible, plan for and consider having a dog. A dog is not only an intelligent alarm system, it is a first line of defense. Your alarm doesn’t go off in a power outage and it serves you selflessly. If you are comfortable with guns then consider fire arms with appropriate training for safety and use. The best fire arm is the one with which you are most comfortable. Stock ammunition. Without ammunition, a firearm is only a club. Many states, like the state of Virginia this week intend not to honor concealed carry permits. Be aware of the gun laws in your jurisdiction and be law abiding if you choose fire arms. The most likely to kill you item in the USA isn’t a gun, it is a blunt force object – hammers, baseball bats, clubs, etc. If you feel you can use a blunt force object against an attacker in your home, then have some. In a home invasion, you have a certain advantage. You know the inside of your home, and (usually) an intruder doesn’t. Take a self defense course. Studying martial arts is a wonderful discipline, but it takes years of training and practice to be effective and skilled at it. If permitted by law in your area, consider a tazer, stun gun or a mace/pepper spray and know how to use them. Ask local law enforcement what is lawful and what may be appropriate for yourself and your circumstances in and emergency situation. These are things to consider and there are lots of sites on the internet devoted to the subject of self and home defense.
- Location (present) – Right now your location is your neighborhood. Have a meeting plan with your loved ones to meet at a specified location in an emergency. This is no different than teaching children fire drills in the home when the smoke detector alarm sounds. You have a meeting place close by where everyone goes and you do a head count. In an emergency, loved ones may be in any location. Have a specific meeting place in the event communications are not available. Create a safety plan for your family and the location to meet. Searching for loved ones in an emergency can be a very stressful and time consuming undertaking. It is best to have a plan which is not communications dependent.
- Location (desirable) – if possible seek a location where you can retreat which is not in an urban or suburban area. Have enough stabilized fuel to get there without stopping to refuel. Have paper copies of maps and know how to read them. In any period of disruption or social unrest, have a rural location to go with your family. Move to a location not in an urban/suburban setting, if possible. Rural areas are more stable and less dependent upon public services and trucking for food and other necessities.
- Location (type/optimal) – farmland is a good investment. Farms are the foundation of any sustainable society. Food is necessary to support life. Learn to grow food, and if you can’t relocate – grow a garden. A container garden or square foot, raised bed garden if you have only a small space is preferable to none. If you can’t grow food, or don’t want to, then live in or near locations where food is grown. Get to know farmers. This will help to assure your food supply. An optimal location is a place not dependent on trucking or other shipping to acquire food. In the Wiemar Republic, farmers would not travel into city areas for fear or robbery.
- Food – Look around in your kitchen or pantry and see what you have on hand right now. Estimate how long it would last if it was all you had. Most grocery stores only have enough food for a couple of days and store shelves could empty fast in an emergency. Consider storing some food. Even if you can’t afford much right now, or don’t have much space, put some things aside which are shelf stable every time you shop. Purchase items which can last on the shelf for months or longer. If you can, buy storage food units from a reputable vendor. Be sure to consider babies, pets, and anyone in the home with special dietary needs. Stock up slowly if you need to, and dedicate just a closet for this purpose if space is limited. In storing food, the things you need to protect against are vermin (mice, insects, etc), temperature extremes and moisture. Build up your larder slowly if you can’t buy what you need all at one time and aim at a stock pile of food for three(3) months. Be sure to consider how reliable your water supply is. Know what has the potential to impair the delivery system (power outages, etc.) If you do not have water in a power outage, store water, or know where to obtain potable water nearby. If you don’t know how to make water safe to drink, learn three methods to make water safe for consumption in an emergency situation.
- Health and Home safety – Stock needed medicines, and prescription medicines if possible, with bathroom and personal hygiene needs. Have a first aid kit and know some first aid by reading the pamphlet in the first aid kit. Have additional eye glasses and a repair kit. Cloth diapers and baby needs. Be sure to have a working fire extinguisher and smoke/CO2 detectors and flashlights. Be sure to consider those with special needs (babies, pets, elderly, etc.)
- Financial information backup – Be sure to have hard copies of all important documents. Birth certificates, bank statements, wills, deeds, titles, credit/mortgage obligations, powers of attorney, medical documents, stock certificates, living wills and advance directives, etc. Keep them together in a safe place in your home and a duplicate set elsewhere.
- Mental preparedness – Educate yourself. Feeling confidence in being able to do things and create things is empowering. Learn new skill sets and educate yourself. Learn basic skills like cooking, preserving, fermenting, canning, sewing, basic carpentry and handy type services, care of people and animals, gardening, first aid, basic herbal medicine, hunting, repairs of any kind.
- Physical preparedness – Get yourself in shape. If you have been putting off that dental visit or eye exam, or that nuisance procedure, do them now and get them over. Consider your diet and nutritional needs, and rethink alcohol consumption and tobacco use. Lose that 5 pounds you keep wishing were gone. Be in the best physical condition you can be.
- Emotional preparedness – This is usually the support of those you love. It could be supporting each other in a family setting. It could be friends or other loved ones. Those you serve and those who you can count on, not only to do the right thing, but to be there for you and with you. You offer the same care, concern and support in return. Combine time and trade skill sets with others. This helps create bonds and networks for emotional security.
- Spiritual preparedness – This could be your religion or your philosophy or your connection with your sense of ideals, values, ethics or whatever gives you (and others) inner peace in difficult times or under challenging circumstances. Spiritual preparedness is that which helps you remain in balance and preserves the integrity of your highest sense of who you are. It enables you to be true to yourself and be honorable.
Most wonderful and sincere wishes for a happy, healthy and prosperous New Year!
Jim Sinclair
A Major Event Will Be Used To Cover-Up The Collapse Of The Economy: Bill Holter
The Mystery Of Dubai's Vaporized Gold: The Plot Thickens
Submitted by Tyler Durden on 12/26/2015 - 19:13 Now that the gold-trading company at the nexus of what may have been the world's biggest gold smuggling ring in history has imploded seemingly overnight, vaporizing countless tons of physical gold and unknown amounts of client cash, even more questions remain.
Washington's "Empire Of Chaos" & The Cold War 2.0 'New Normal'
Submitted by Tyler Durden on 12/26/2015 - 22:00 It’s all here: unilateral Exceptionalistan in action against anyone who dares to defy imperial diktats. From Ukraine to Syria, and all across MENA (Middle East and North Africa), the proxy war between Washington and Moscow, with higher and higher stakes, won’t abate. Imperial despair over the irreversible Chinese ascent also won’t abate. As the New Great Game picks up speed, and Russia supplies Eurasian powers Iran, China and India with missile defense systems beyond anything the West has, get used to the new normal; Cold War 2.0 between Washington and Beijing-Moscow.
In Honor Of "The Big Short", Here Is Michael Burry's Historic Commencement Speech
Submitted by Tyler Durden on 12/26/2015 - 21:15 With the launch of "The Big Short" movie (assuredly infuriating many Americans with its "dangerous for the establishment" expose of the greed, stupidity, hubris, and arrogance of Wall Street bankers gone wild), Dr. Michael Burry's infamous UCLA commencement speech has much to offer... "In this age of infinite distraction... when the entitled elect themselves, the party accelerates, and the brutal hangover is inevitable." 15 minutes well spent with a self-described 'chicken-little' who was "just trying to figure it all out."The Year In Charts: Presenting The Latest "PunchLine" Chartporn
Submitted by Tyler Durden on 12/26/2015 - 20:28
90% Of Americans Said 2015 Was Not Better Than 2014
Submitted by Tyler Durden on 12/26/2015 - 19:50 With 29% of young Americans having lost faith in 'The American Dream' (for good reason as we detailed here), it is hardly surprising that a new poll by The Associated Press finds that just 10% of people believe 2015 was a better year for the world than 2014. That is half the number from 2013 and appears to confirm what we already tongue-in-cheek noted - that 2015 was perhaps the worst year ever.
Tracking People Flows: Global Migration Summarized In 7 Charts
Submitted by Tyler Durden on 12/26/2015 - 18:42 With the topic of global (im)migration getting increasingly more prominence as we get ever closer to the presidential elections, not to mention Europe's ongoing plight with the biggest refugee crisis since World War II, here is a handful of factual, and bias-free, charts summarizing the key aspects of global human mobility.
The Downside Domino Effect Of The Auto "Recovery"'s Potemkin Village On Wheels
Submitted by Tyler Durden on 12/26/2015 - 18:15 In the case of the car business, longer loans have been the key to maintaining the facade of this Potemkin village on wheels. But this dodge only works when the cost of the loan – interest – is low. And with cars – unlike houses – there is a built-in limit to how far out the loan can be stretched as way to tamp down the month-to-month costs down. Eight or nine years is probably the absolute maximum, because cars – unlike houses – always decrease in value over time and because unlike houses, cars are fundamentally throw-aways.
Confessions Of An ISIS Soldier: "The Training Took Place In Turkey"
Submitted by Tyler Durden on 12/26/2015 - 17:50 "In the media they wrote that we were training in an FSA military camp, but in fact, all 60 of us were members of Daesh. We were Syrian nationals, many of whom in the beginning moved to Turkey to earn some money, and then joined Daesh."
Afghanistan's Billion Dollar Drug War - A Battle Authorities Are Losing
Submitted by Tyler Durden on 12/26/2015 - 17:15 Amid ISIS' spread, with NATO troops pulling out, and local law enforcement agencies ill-equipped and underfunded, Afghanistan has once again become the frontline in the so-called "War On Drugs." As Al-Jazeera reports, Afghanistan's poppy fields, which feed the habits of drug addicts worldwide, are thriving, with cultivation of the crop hitting record highs last year. The number of Afghan addicts is soaring, and with the Taliban funded by the drug trade, security fears are paramount; but Afghan authorities are struggling to control the resurgence in poppy farming.
12 Reasons Why One Advisor Is Betting Treasurys, Not Stocks, Is The Investment Of 2016
Submitted by Tyler Durden on 12/26/2015 - 16:38 According to a recent contrarian call by Prerequisite Capital Management, the "US Treasury Bond Market is potentially set up for a substantial move higher over the next year or two." Here are the reasons why.
Death Of Top Syrian Rebel Commander May Derail "Peace" Process, Evacuation Efforts
Submitted by Tyler Durden on 12/26/2015 - 16:05 “For sure it will cause a big delay and it may kill the whole process. Whoever committed this crime is pushing for a military solution, not a political process solution.”
Guns, Gas, & "Selling Kidneys" - 'Off The Grid' Indicators Signal Slowing Economy
Submitted by Tyler Durden on 12/26/2015 - 15:30 Our quarterly survey of “Off the Grid” economic indicators finds that the U.S. economy is still growing, but the pace seems to be slowing from Q3 2015.
Everything Central Banks Have Tried Has Failed: According To Citi's Buiter Just One Thing Remains
Submitted by Tyler Durden on 12/26/2015 - 14:53 "If, as seems possible, the ECB will increase, in H1 2016, the scale of its monthly asset purchases from €60bn to, say, €75bn, and if these additional purchases are concentrated on public debt, the euro area will benefit from a ‘backdoor’ helicopter money drop –something long overdue."
Dave Barry Answers - Was 2015 The Worst Year Ever? (Spoiler Alert: Yes)
Submitted by Tyler Durden on 12/26/2015 - 14:20 We apologize, but 2015 had so many negatives that we’re having trouble seeing the positives. It’s like we’re on the Titanic, and it’s tilting at an 85-degree angle with its propellers way up in the air, and we’re dangling over the cold Atlantic trying to tell ourselves: “At least there’s no waiting for the shuffleboard courts!” Are we saying that 2015 was the worst year ever? Are we saying it was worse than, for example, 1347, the year when the Bubonic Plague killed a large part of humanity? Yes, we are saying that.
"Christmas Is Dead" Hyperinflated Venezuelans Face Holiday Without Lights, Food, & Hope
Submitted by Tyler Durden on 12/26/2015 - 13:45 In 2013, Maduro’s first year in office, the government released a Christmas carol praising the Socialist utopia's dictator. Last year, Maduro debuted a “socialist Barbie” that almost bankrupted stores forced to sell it after the government forced the price down to a tenth of its value. And this year, as AFP reports, "Christmas is dead, there is not enough money," according to one resident, noting there is no Christmas decor anywhere and people do not have enough money to buy presents. Some cannot even afford the basic goods needed to put together a traditional feast of roast pork and assorted sides./
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