Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Swiss Watches. (See the Economy & Finance section.)
Robert A. Johnson sees his peers’ talk of fleeing as the symptom of a deeper crisis. At fifty-nine, Johnson has tousled silver hair and a soft-spoken, avuncular composure. He earned degrees in electrical engineering and economics at M.I.T., got a Ph.D. in economics at Princeton, and worked on Capitol Hill, before entering finance. He became a managing director at the hedge fund Soros Fund Management. In 2009, after the onset of the financial crisis, he was named head of a think tank, the Institute for New Economic Thinking.
Kevin lives in eastern Washington and is prepping his family for a volcanic eruption using multiple bug-out vehicles. We also meet Captain Bill Simpson, who has built a bunker sailboat, made mostly of iron so that he could retreat out to sea in case of a massive solar flare which could send an energy wave, in the form of an Electromagnetic Pulse (EMP) which could damage today's technology.
These individuals study End Times prophecy and believe that one of various scenarios might occur in their lifetime. While some Christians (and even people of other religions) believe that the Rapture will follow a period of Tribulation, others believe that the Rapture is imminent and will precede the Tribulation ("Pre-Trib Rapture[41] "). There is a wide range of beliefs and attitudes in this group. They run the gamut from pacifist to armed camp, and from having no food stockpiles (leaving their sustenance up to God's providence) to storing decades' worth of food.
November 1st is also the birthday of economist Martin A. Armstrong. For many years he was a prisoner of conscience, in part because he refused to turn over his proprietary trading algorithms to Federal prosecutors. After seven years in prison without a trial, the longest Federal incarceration for contempt in American history, Armstrong was finally put on trial in a proceeding that was branded as a sham. He was convicted on securities fraud charges based upon some marginal testimony and given a five year sentence. He was released from prison in September of 2011. Notably, Armstrong continued to write his economics newsletter while in prison, producing most of the issues on a prison library typewriter.

When bands of marauders start roaming the streets, how are you going to keep them out? Tear down a few walls, says Timothy Ferraro, a twenty-five-year construction veteran who's thought about this situation plenty while watching The Walking Dead. "Assuming the attackers don't have a battering ram, you should be able to keep them out using the lumber and drywall already in your home," he says.
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