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Hey guys welcome back to the survival series! sorry i haven’t uploaded in a few days had some OS problems and brought Windows 8 (it’s not as bad as people sa…

From Mish’s Global Economic Trend Analysis

I expect a spike sometime in the near future in long-term Japanese interest rates. People have been saying this for years, but the time may finally be at hand.

The following headline is what tipped me off: BOJ chief expects no spike in long-term Japan interest rates.

Japanese long-term interest rates should not shoot higher as a result of money flowing out of government bonds, Bank of Japan Governor Haruhiko Kuroda said on Saturday.

Kuroda added, however, that it would be natural for long-term rates to rise over time if Japan meets its goal of pushing inflation up towards two percent.

He said a shift in funds from Japanese government bonds to stocks and into lending was already taking place but that the BOJ was increasing its balance of JGB holdings at an annual pace of 50 trillion yen.

“The BOJ dealt with short-term volatility in bond prices by adjusting its market operations,” Kuroda told reporters after a two-day meeting of G7 finance officials.

“I do not expect a sudden spike in long-term bond yields. In the long-run, if the economy recovers and inflation heads towards two percent, we might see nominal interest rates rise but that’s natural.”

Currency Crisis Just Around the Corner

When Japanese inflation spikes higher (and it will), the only way the Bank of Japan will be able to suppress long-term rates is to buy every long-term bond on the market.

A currency crisis…

From ModernSurvivalOnline.com

Mylar Bags: The Key to Manageable Food Storage That Lasts

There has been a lot of excitement recently regarding emergency preparedness. Both the wide range of “end of the world” movies and theories that have come out recently and the unfortunate string of severe natural disasters have caused people to be more aware of what they would do if caught in a disaster situation. Nobody can predict what is to come in the future but we can all be sure that taking the time for emergency preparedness is only going to make things better in a crisis situation. And although it does require an investment of both time and money, the piece of mind it affords is something that pays off immediately.

At the heart of any emergency preparedness plan should be building a good supply of food storage. It is far more plausible for most people to build their supply gradually and it is important that the necessary steps are taken to keep the food storage you buy fresh for as long as possible. When it comes to keeping food preserved long-term, mylar bags should definitely be a part of your plan.

Mylar bags are metalized storage containers that create an oxygen barrier to protect food and keep it from going bad during extended long-term food storage. The bags are composed of a polyester film laminated to aluminum foil so the seal is strong enough to keep out both oxygen and unwanted moisture.…

See the complete system: LDS Food Storage http://familysurvivors.com/lds-food-storage.htm Discover whether you want to include Spam as part of your survival …

From Mish’s Global Economic Trend Analysis

The Yen continued its plunge Wednesday evening (Thursday in Japan) dipping below the .99 level after having busted the 1.00 level to the downside for the first time since April 2009.

click on chart for sharper image

In response, the Nikkei rose as much as 3%, now up a “modest” 375 points (2.65%) as of 1:00AM Central.

Zerohedge reports Japanese Government Bonds Halted Limit Down; Yields Spike To 10 Week High; Worst Day In 5 Years.

Prime Minister Shinzo Abe is playing not with matches but with dynamite with his 2% inflation mandate widely known as “Abenomics”. So far, Abe’s policies are popular (at least from exporters), yet I caution once again “Be Careful of What You Ask, You May Get It”.

There is no reason at all to believe Japan can easily contain this mess should inflation get out of hand. A mere rise in interest rates to 3% would consume Japan’s entire tax revenue just on interest on its national debt.

This will not end well for Japan.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

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If you live within reasonable driving distance of Dickson TN, I wold love to come talk about this or some other aspect of prepping to your group. www.tngun.com.
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From The Economic Collapse

What do speed traps, parking tickets, toll roads, speed cameras and red light cameras all have in common?  They are all major revenue sources for state and local governments.  All over America today there are state and local governments that are drowning in debt.  Many have chosen to use “traffic enforcement” as a way to raise desperately needed revenue.  According to the National Motorist Association, issuing speeding tickets raises somewhere between 4.5 billion and 6 billion dollars in the United States each year.  And the average price of a speeding ticket just keeps going up.  Today, the national average is about $ 150, but in many jurisdictions it is far higher.  For example, more than 16 million traffic tickets are issued in the state of California each year, and the average fine is approximately $ 250.  If you are wealthy that may not be much of a problem, but if you are a family that is barely scraping by every month that can be a major financial setback.  Meanwhile, America’s roads are also being systematically transformed into a surveillance grid.  The number of cameras watching our roads is absolutely exploding, and automated license plate readers are capturing hundreds of millions of data points on all of us.  As you drive down the highway, a police vehicle coming up behind you can instantly read your license plate and pull up a whole host of information about you.  This happened to me a few years ago. …

From Mish’s Global Economic Trend Analysis

There are some interesting moves in the forex markets today. Most notably the Yen cracked the 1.00 barrier.

Yen Daily Chart

click on chart for sharper image

After flirting with 1.00 for three weeks, the Yen fell through today.

Is it the new Abenomicsa Bra?

The Japanese division of lingerie maker Triumph International unveiled on Wednesday an “Abenomics” bra, a special edition it says offers a “growth strategy” and a potential lift towards Japan’s elusive inflation target.

“We hope that, as the Japanese economy grows, we can also help bust sizes to get bigger,” said Triumph spokeswoman Keiko Masuda. Its benefits for Japan’s policymakers were less clear.

The Uplifting Abenomics Bra

Australian Dollar Intraday Action

click on chart for sharper image

Top to bottom swing is about 2.5 cents vs the US dollar. That is a big swing, without (thankfully) a bra for Prime Minister Julia Gillard on display.

However, a high school student threw a sandwich at Gillard today.

The student in question, Kyle Thompson, has been suspended for 15 days for the incident but denies he did it, local TV reported.

[Kyle Thompson, Student]: “I hit the sandwich out of the kid’s hand because he threw it and there was another one so I hit it out of his hand,” he said.

When asked why the prime minister was targeted he said, “maybe because nobody likes her.”

…

From SurvivalBlog.com

Introductory note: This guide is mainly aimed at the American prepper.

Without a doubt, firearms are one of the most important preps we have to make; without a way to defend them, none of the other supplies we amass are truly accounted for. So, when the beginning prepper sets out on the road to self-sufficiency and preparedness, we want to maximize our dollars; buy once, cry once. Perhaps you’re not a ‘gun guy,’ like some of us, or perhaps you’re only used to hunting, or sport shooting. Which guns should be considered, and why? Hopefully, this will help.

Gun number one: The Ruger 10/22. .22LR is an incredibly important round to have covered; besides being the most common round in the continent (and world), it can take anything from mice to deer, if it has to, while being one of the most affordable cartridges to store and shoot (current inflated prices and availability, aside.) Additionally, if you are completely new to firearms, starting with a .22 is an absolute must. No recoil, little noise, and lightweight all make these guns easy to shoot. The polymer-stocked version of this gun is preferable for its durability and weather resistance, but not strictly necessary; threaded barrels are great to keep your options open, as well (more on muzzle accessories later).

Recommended accessories: Spare factory 10 or 25 round magazines, a 2-point sling, and an optic (either a red dot or low-magnification scope). The least expensive red…

From Total Survivalist Libertarian Rantfest