Sunday, August 9, 2020

Tactical Technology for TEOTWAWKI – Part 4

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by J.M., Survival Blog:

(Continued from Part 3.)

THERE’S AN APP FOR THAT

The ability to run thousands of different apps is where the power of a mobile device really comes into play. It allows you to have access applications, files, sensors and other things in the palm of your hand. One of the most obvious app uses for mobile devices in field operations is maps – you can use them to figure out where you are, plan you need to go, note your findings, etc. I’ve standardized on mapping apps that utilize Open Street Maps (OSM) data files and support GPX files for exchanging tracks and other information. My primary mapping app is OsmAnd+, along with the contour line plugin; it’s not as detailed as USGS topographic maps, but the terrain in my area of operations (AO) is only moderately hilly so I don’t really need that level of detail. I make sure to download offline maps for every area I could conceivably end up operating in, and they don’t take all that much space. OsmAnd+ also allows you to create markers on your maps, which can be exported via GPX files to other systems to share, and there are plugins that allow you to take pictures/videos/notes and associate them with map locations as well as do freehand drawing on maps.

End of QE, Week 8: Fed’s Assets Fall by -$4 Billion for the Week, Down -$224 Billion Since June 10

by Wolf Richter, Wolf Street:

The Fed is funding consumption circuitously via Treasuries and government stimulus spending, shifting impact from asset prices to consumer prices.

Total assets on the Fed’s balance sheet for the week ended August 5, released this afternoon, declined by $4 billion from the prior week, to $6.945 trillion. In the week ended June 10, total assets eked to a peak of $7.17 trillion. In the eight weeks then, they have fallen by $224 billion:

Has the Fed Let the Inflation Genie Out of the Bottle?

by Clint Siegner, Money Metals:

The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note’s value and status.

With gold prices surpassing $2,000/oz recently, the monetary metal has now made new all-time highs versus all the world’s major fiat currencies. Gold is, as former Federal Reserve chairman Alan Greenspan has acknowledged, the “ultimate money.”

The Fed, by contrast, is the ultimate inflator.

The Fed Created an Emergency Lending Program to Hold Interest Rates Down; the Tiny Country of Sri Lanka Was the Major User

by Pam Martens and Russ Martens, Wall St On Parade:

At Fed Chairman Jerome Powell’s press conference on July 29, he persisted in his explanation that all of the Fed’s bailout programs are really about helping the American people get back on their feet. Here’s one more, among a growing mountain, of reasons to question that.

Sri Lanka is an island country situated in the Indian Ocean and located about 9,000 miles from the United States. Its population of approximately 21 million ranks it the size of the state of Florida. Despite those statistics, Sri Lanka somehow became the main participant in an emergency lending facility set up by the Fed.

The Economic Depression Of 2020 Is Becoming An Endless Nightmare For Millions Of Americans

by Michael Snyder, The Economic Collapse Blog:

You may have noticed that a lot of people get offended by what I write.  It is not something that I am purposely setting out to do, and I actually endeavor to get along with everyone as much as I can.  But it is undeniable that my articles about our ongoing economic collapse directly contradict a lot of the narratives that are constantly being pushed by the mainstream media and many of our political, business and religious leaders.  There are so many people out there that want to believe that the future is going to be exceedingly bright, and even though 2020 has been a horrific economic catastrophe so far, there are a lot of optimists that believe that it is just a temporary blip on the road to tremendous prosperity.

HOW MUCH HIGHER WILL SILVER GO: See What The 50-Year Long-Term Silver Chart Reveals

by Steve St. Angelo, SRSRocco Report:

As the SILVER BULL MARKET continues on its ever-increasing upward trend, what does the 50-year long-term silver chart reveal??  Let’s just say, some of the indicators are pointing to much higher prices.  And, if we include the lousy economic and financial fundamentals being propped up by massive Fed and central bank stimulus, it seems like there will be even more investor demand for gold and silver in the future.

Last night during Asian trading on my SRSrocco Report Twitter Feed, I posted this intra-day silver chart showing that it was getting ready to BREAKOUT through a new Ascending Triangle Formation.  Just like in several Ascending Triangle formations this past month, it did exactly what I anticipated.

Lufthansa Reports Net Loss of 1.5 Billion Euros in Q2 as Pandemic Paralyses Aviation Industry

from Sputnik News:

The German carrier has been severely hit by the pandemic, with media suggesting it might declare bankruptcy several months ago. In June, however, the European Commission approved a move by the German government to bail out the company for 6 billion euros amid the crisis.

The German flagship airline Lufthansa on Thursday stated it had recorded second-quarter losses of 1.5 billion euros (around $1.5 billion), as the travel industry continues to suffer from the coronavirus restrictions.

According to the company, its sales slumped by 80 percent, compared to the same period the previous year, reaching only 1.9 billion euros.

Americans Currently Owe More Than $21 Billion in Back Rent

by Peter Schiff, Schiff Gold:

Most people remain blissfully ignorant of the economic wounds inflicted on the US economy by the government-imposed economic shutdowns in response to the coronavirus. But every once in a while, the curtain blows back and we catch a glimpse of the damage.

For example, a report released last week by global advisory firm Stout, Risius and Ross estimated that Americans currently owe more than $21.5 billion in past-due rent.

A federally imposed eviction ban that shielded about one-third of renters living in buildings with federally backed mortgages recently lapsed and the $600 weekly federal unemployment benefit expired last Friday. One analyst told Reuters that without more government help, we could see “a staggering surge in homelessness, unlike anything we have seen.”

Media Deems Cashless Society a “Conspiracy Theory” After Admonishing Cash Use

by Gavin Wax, Activist Post:

Before there was a coin shortage, cash was under attack in the media and portrayed as a COVID-19 hazard. Now news outlets are making sure everyone knows only to think of a looming cashless society as a “conspiracy theory.”

At the height of anxiety over the coronavirus, CNN berated the American people for using cash. “Do NOT take a bunch of cash out of the bank” rang one headline, and “Dirty money: The case against using cash during the coronavirus outbreak” read another.

CBS News similarly ran an anti-cash story at the time, as did other mainstream networks, but more recent stories feign concern about the growing suspicion of an impending digital coup against paper and coined money.