Prepper Recon News Update
Prepper Recon News Update
Kim Jong Nut
Kim Jong was observably upset when Denis Rodman turned down his offer to stay another week.
We have had an exciting news cycle over the last couple of weeks. The two top stories have been Kim Jong and Cyprus. First, let’s get Kim out of the way. North Korea’s young lunatic dictator, Kim Jong Un has turned the “crazy” knob all the way to “10”. He has threatened to launch an attack against mainland America despite the fact he has no missiles capable of reaching further than Alaska. This fact has not caused the Pentagon to disregard the threats as hollow. Reuters has reported that US assets are being repositioned to the region. A physical attack may be unlikely, but we should remember the recent cyber attacks on South Korea. There is no evidence of who launched those attacks, but North Korea is suspected. If such an attack can happen to South Korea, it can happen to us. Being prepared for such an event is always prudent. With the present language from North Korea, it is imperative that you be able to survive without banks or systems of support for several weeks. The attack on South Korea’s banks lasted only 7 hours, but hackers are always perfecting their dark art. We must also be aware that any country with the technology to get a satellite into orbit has the ability to put a nuclear warhead on that satellite. The proper sized nuclear warhead detonated at the proper altitude could cripple US electronic infrastructure via an EMP. Read our EMP Threat Assessment for more info n EMPs.
The Cyprus Template
Cyprus will use the template created by America in bailing out the big banks.They will take 2 “too big to fail” banks and roll them into 1 even “too bigger to fail” bank. With the false sense of hope it has created here, why wouldn’t they. The other terms of the bailout are that savers with amounts above the insured limit of 100,000 euros will take a hair cut of up to 60%. Cyprus is a tiny nation that only represents a fraction of a percent of Euro Zone GDP but the ripple effects could be colossal. The bailout agreement was dictated by the Troika which is representatives or the IMF, ECB and Euro Zone finance ministers. They have made it clear that the days of bailouts with out austerity are finished. The risk is that contagion of confidence loss could spread through out other European countries that anticipate needing help to stabilize their economies. For example, depositors in Spain and Greece know that they are likely to need additional bailouts in the future. The depositors in those countries may decide to withdraw their money from the banks to avoid confiscation similar to Cyprus. This run on the banks would trigger a cascading failure within the banking system. Once these types of failure begin, they are impossible to curtail. If depositors suspect that Cyprus will be the new template for Euro Zone bailouts, a bank run is inevitable.
I am not a financial adviser and only speak for myself. I think it is prudent to keep some cash outside of the banking system. This should be kept in a secure location such as a safe that is bolted to the floor. I also believe in keeping some percentage of my liquid assets in precious metals such as gold, silver and copper jacketed lead. For the gold and silver, I use JM Bullion. If you shop around, you will find they have the lowest over spot price of any online dealer. Use coupon code PR5 at check out and get $5 off your order of $300 or more. For the copper jacketed lead, Lucky Gunner always had something in stock and ready to ship. To get ready for whatever may come our way, read our 7 Step Survival Plan.
Happy Prepping!
