Many in the precious metals community are eagerly anticipating a complete systemic collapse of the financial system because as “preppers”, they expect to not only survive, but to prosper in a SHTF scenario. We suspect however that the following MUST READ account of surviving the Bosnian war in the midst of a complete collapse of the grid will be eye-opening in just how difficult it is to survive a full-on Mad Max scenario, even if one has spent years preparing for it.
I am from Bosnia. You know, between 1992 and 1995, it was hell. For one year, I lived and survived in a city with 6,000 people without water, electricity, gasoline, medical help, civil defense, distribution service, any kind of traditional service or centralized rule.
Today, me and my family are well-prepared, I am well-armed. I have experience.
It does not matter what will happen: an earthquake, a war, a tsunami, aliens, terrorists, economic collapse, uprising. The important part is that something will happen.
The following is my experience: [Read more...]
Jim Sinclair sent an email alert to subscribers this weekend discussing his thoughts on freegold, and the end game to the current financial system. Sinclair states that the current freegold proponents have distorted the original truth of free gold, and that gold is going back to its original role pre-convertibility.
Would you take out a loan that has an annual percentage rate of 391 percent? 

By SD Contributor 
Submitted by Morris Hubbartt:
Friday humor comes a day late this week, as new Treasury Secretary Jack Lew has announced that the effective debt limit will not be reached until at least labor day, thanks to a one-time $59.4 billion payment by Fannie Mae to the Treasury after reporting a record quarterly profit.
Despite bulls’ assertions otherwise, stocks are very expensive today. In fact, the elite component companies of the flagship S&P 500 stock index now have average valuations matching the ones seen in October 2007 when the last cyclical bull topped. That led to a brutal cyclical bear that slaughtered the naive investors who chose to blindly believe Wall Street’s stocks-are-cheap claims then.
By SD Contributor
In the wake of this week’s


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