Jewish Preppers?

Some people finding our website may be wondering what is a Prepper and why does it have a religious affiliation? Well the short answer is...A Prepper is the modern day survivalist. It's not (necessarily) a right-wing militiaman preparing for Armageddon in the boondocks of Montana. But better represented by a normal, educated, middle class individual perhaps living in the most urban of cities, preparing themselves physically and mentally for any upcoming disaster, natural or man-made. This could include anything from earthquakes to volcanic eruptions, social unrest to an act of terrorism. Preparations include: food supply, medical supply, weapons supply etc. and the knowledge and skills to use them. Of course, a Jewish Prepper is just a designation for a small niche of the Prepper Community that is of the Jewish Faith. We are non-profit and nonpartisan. Enjoy!

Tuesday, May 31, 2011

Got Gold??

U.N. sees risk of crisis of confidence in dollar

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By Patrick Worsnip

UNITED NATIONS | Wed May 25, 2011 1:41pm EDT

(Reuters) - The United Nations warned on Wednesday of a possible crisis of confidence in, and even a "collapse" of, the U.S. dollar if its value against other currencies continued to decline.

In a mid-year review of the world economy, the U.N. economic division said such a development, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.

The report, an update of the U.N. "World Economic Situation and Prospects 2011" report first issued in December, noted that the dollar exchange rate against a basket of other key currencies had reached its lowest level since the 1970s.

This trend, it said, had recently been driven in part by interest rate differentials between the United States and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners.

"As a result, further (expected) losses of the book value of the vast foreign reserve holdings could trigger a crisis of confidence in the reserve currency, which would put the entire global financial system at risk," it said.

The 17-page report referred at another point to the "still looming risk of a collapse of the United States dollar."

Rob Vos, a senior U.N. economist involved with the report, said if emerging markets "massively start selling off dollars, then you can have this risk of a slide in the dollar.

"We're not saying the collapse is imminent, but the factors are further building up that we could quickly come to that stage if other things are not improving quickly on other fronts -- like the risk of the U.S. not being able to service its obligations," he told Reuters.

... There's more, just follow the link at the top.

And this from “Our nation is on the brink of bankruptcy and American taxpayers simply cannot afford to bailout Europe,” said DeMint. The U.S. debt is so massive it is now 95% of our total Gross Domestic Product, that is one of the worst debt to GDP ratings in the world, even higher than Ireland and Portugal. If we don’t our reverse our reckless fiscal course, America will be the one in need of a bailout. We need to stop the spending, stop the debt, and pass a balanced budget amendment.”

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