With more chaotic weather and severe storms being a possibility, it is good to be prepared with the knowledge of what to do in a flooding emergency. Here are a few tips and things to consider when stuck in a flood.
It's more crucial now than ever for people to consider extracting a portion of cash from their bank accounts.
- The banking system runs on liquidity
- Banks will do anything to keep it flowing -- including raiding their depositors
- The risks of a global liquidity crunch are dangerously high today
- Why extracting physical cash from the system is highly advised
If you have not yet read Part 1: In A World Of Artificial Liquidity – Cash Is King available free to all readers, please click here to read it first.It's All About Liquidity For The Banks
Liquidity is the buzz-word that central banks used to justify their policies of keeping short term rates at zero (give or take) percent and buying bonds from banks in return for giving them more of it. Central banks say their primary responsibility is to balance full employment with low inflation, but that’s just code for being able to keep the largest banks solvent in times of emergency by all means possible. This current emergency has lasted nearly seven years and counting.
Here are my laws of liquidity behavior:
The first law of liquidity – when it is most needed, it will be least available.
The second law of liquidity – the easier it is to get, the less value it holds for the recipient.
The third law of liquidity – the harder it is to find, the greater its systemic cost.
Banks gain on multiple fronts from “accommodative” monetary policy with respect to their liquidity needs. First, they can borrow money at next to nothing. Second, they can hoard that extra cash under the guise of complying with capital reserve requirements and get brownie points for passing stress tests because they are holding the cash or high quality assets bought with the cash, that central banks provided them to begin with. Third, they can sell bonds they don’t want or need at full value to central banks, and afterwards mark similar bonds at higher levels than the market would otherwise value them.
This is all shell-game finance. It is why people should be diligent about...
- Hopeful Start to Greek Debt Negotiations Quickly Soured
- Greece In Crisis
- Robert Kiyosaki: Biggest Stock Market Crash in History Coming in 2016
- The Changing Landscape of Central Banking
- Whole Foods Is Sorry It Systematically Lied About Some of Its Prices
- Who Owns Your Face?
- More Internet Backbone Cables Cut in California
- BP to pay $18.7 billion in Deepwater Horizon legal settlement
In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- Queasy Markets
- Deflationary forces appear to have gained the upper hand
- Big Trouble In Not-Little China
- Suddenly, its stock and real estate markets are in violent correction
- Greece And The Future Of Europe
- Who is going to take the losses of a Grexit?
- The Path To Collapse
- Is Greece giving the rest of us a preview of what to expect?
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
- Why You Should Ignore the Grexit Panic
- Bill Holter Warns “Greece is Going to Happen Here”
- Bank closures taking their toll on businesses across Greece
- What Key Players Are Saying About the Greek Crisis
- Gold Is A Necessary Insurance Against Dysfunctional Governments
- Silver About to Turn More Volatile
- Who Will Be The Last To Crash?
- The Ultimate Privacy Protection
- EIA Data Still Doesn’t Add Up
- Skeleton launches graphene ultracapacitors
Learn how to build a water heater by using a wheelie compost bin setup and the heat generated by the creation of compost.
- Puerto Rico Bonds Fall to Record Low as Debt Crisis Worsens
- Lawmakers 'no closer' to deal hours away from state budget, CPS deadlines
- White House: No federal bailout for Puerto Rico
- Puerto Rico poses bigger threat to U.S. investors than Greece
- Spain's PM says Greek exit could send message euro is reversible
- Alaska freezes inflation-linked payment increases to Medicaid providers
- Brazil Posts Widest Primary Budget Deficit of the Year in May
- France's Debt Burden Reaches 97.5% of GDP
- Eurozone inflation eases, reviving deflation fears
- Drugmakers Say Greek Unpaid Bills Total $1.2 Billion
- Households' financial soundness worsens on rising debt: central bank
- China Rate Swap Drops Most This Quarter Since 2008 as PBOC Eases
- Canada Surprise April Contraction Opens Door to 2nd Rate Cut
- ECB Billions Can’t Save Euro-Area Bonds From Worst Quarter Ever
- Greece faces supply-chain crunch as crisis deepens
- Here’s where some Greeks are stashing their cash — in gold sovereigns
- The next Greece may be in the U.S.
- California Drought Taking Serious Toll On Aging Sewer System In San Francisco
Current economic practices have led to widespread deprivation, argues economist Juliet Schor. (Huffington Post)
Article and images cross-posted from Co-operative News.
Over 300 people are producing 340 items for food co-operatives across a 15 hectares site.
Korea’s first eco-friendly organic food cluster, Gurye Natural Dream Park, produces rice, bakery products, dumplings, Korean traditional cookies, rice wine, and processed duck meat.
In the United States, top corporate execs sometimes make more in an hour than their workers can make in a year. At Mondragon, one of Spain’s largest companies, no execs can make more in an hour than their workers make in a day.
- Greece debt crisis: Tsipras may resign if Greeks vote yes
- Obama Making Millions More Americans Eligible for Overtime
- Dutch city of Utrecht to experiment with a universal, unconditional 'basic income'
- Farm Waste and Animal Fats Will Help Power a United Jet
- Supreme Court rejects EPA’s process for regulating power plant pollution
- Where Electric Vehicles Actually Cause More Pollution Than Gas Cars
- The Coming Financial Apocalypse For U.S. Shale
- North Carolina’s “Perfect Storm” for Shark Attacks
The multiple global bubbles in search of a pin may have found one in Greece. The carnage there is clearly accelerating, and the central planners are straining mightily to get control back.
While the odds favor them doing so, the risk is very high that they may not and that we are now in the 'descent' phase that follows the inevitable ending of the 'virtuous' phase (if we can call it that) of the money-printing experiment.
Casa Jasmina is a combination laboratory and gallery highlighting open source, Internet-of-Things innovations from Torino-area makers. (Casa Jasmina)
Photo credit: Design Thinking & Beyond
- The world is defenceless against the next financial crisis, warns BIS
- Greece in shock as banks shut after snap referendum call
- The Wait-for-Google-to-Do-It Strategy
- Land of 1,000 Landfills
- The Politics of Oil
- New manufacturing approach slices lithium-ion battery cost in half
- Nature Provides Novel Solution To Energy Storage Problem
- The solidarity fridge: Spanish town's cool way to cut food waste
Article cross-posted from the Anti-Media blog. Written by Claire Bernish.
Knowing how to make rope is a great skill to have in an emergency. You might be able to find weaker materials like twine, string, yarn, plant fibers or even plastic bags but they won’t be able to hold anything strong until they are bound together as rope.
Making rope is a great skill to know and very easy to do. Below, we’ve listed some instructions on how you can make a simple rope design. Keep in mind that there are multiple ways to make a rope and many materials you can use.