Category Archive: Water

Do you have a backup generator or Social Security? Think about both.

The news headlines read, “Deadly 6.4 Magnitude Earthquake Plunges Puerto Rico into Darkness”; and “Powerful Puerto Rico Earthquake Knocks Out Entire Island’s Power.”

It was enough to prompt a friends mother to call, four times, to make sure he was OK.

There’s been a string of fairly strong earthquakes lately in Puerto Rico… which is incredibly unusual for this part of the world. It’s been more than a century since the island was rocked by anything of this magnitude.

But as he explained to his parents that the press had blown things out of proportion as usual. They were running video footage that made it seem as if the island had been blasted back into the Stone Age.

It’s true that there were some displaced families and property damage near the epicenter.

But most of the island was not substantially affected. None of the major news organizations bothered to show footage of busy shopping malls, crowded restaurants, and packed movie theaters teeming with consumers.

It’s also true that the electrical grid went down: the island was without power for some time. In his community, the power came back on after 2 days. Some people had it on after a day, some after 3 or 4 days.

But here’s what people don’t realize– the electricity problems in Puerto Rico have a lot less to do with the seismic activity, and a lot more to do with the island’s decade-long economic depression.

Puerto Rico’s economy has been in the dumps since at least 2006. The government is bankrupt and defaulted on many of its debts as far back as 2015. And Puerto Rico’s Electric Power Authority (PREPA) is bankrupt as well, having defaulted on billions of dollars worth of bond obligations.

All of this financial insolvency means that neither the government nor PREPA has the resources to invest in the electrical grid.

And most of PREPA’s electrical production assets are in desperate need of replacement.

The largest power plant in Puerto Rico is the 820 MW Costa Sur facility, and according to PREPA, it was built in the 1950s!

This makes Costa Sur more than twice as old as the average power plant in the US.

They simply don’t have the money to modernize or upgrade their facilities. And people who live here understand this reality: the electrical grid in Puerto Rico is incredibly weak.

I’m serious. Power outages are commonplace here. The power at my house goes out at least 2-3 times a month, usually for a couple of hours.

That’s because every time a mouse farts on this island, something goes haywire at the electrical plants and the power goes out.

But again, Puerto Ricans know this. They have little confidence in their government, and even less confidence in the electrical grid.

So everyone who has the means in Puerto Rico owns a generator. It’s their Plan B. The power goes out, the generator comes on, and everything is OK.

My friends house is equipped with a huge generator… plus a backup cistern in case the water company goes down too.

This isn’t some wild conspiracy theory. In Puerto Rico, there’s nearly a 100% certainty that the system is going to fail… so having a backup generator is a perfectly sensible precaution to take.

And people who take this precaution are well-protected in the event that disaster strikes.

This way of thinking can obviously be applied to a lot of things… like retirement planning.

It’s no secret that government pension funds around the world are woefully underfunded.

University studies, non-profit research groups, mainstream financial press, and even government agencies themselves have reached the same conclusion: national, state, and local pension funds are trillions of dollars in the hole.

They simply do not have enough cash, nor will they have enough cash in the future, to pay the retirement benefits they owe.

Social Security in the United States is a great example.

Social Security’s Board of Trustees, which includes the United States Secretary of the Treasury, states quite plainly in their annual reports that Social Security’s primary trust funds will run out of money in 15 years.

Specifically, on page 5 of the 2019 Social Security Trustees Report, they state:

“Trust Fund asset reserves become depleted and unable to pay scheduled benefits in full on a timely basis in 2035.”

This isn’t some crazy conspiracy theory either. This is the US Treasury Secretary stating that in just 15 years, Social Security’s trust funds will be out of money and unable to pay the benefits that they’ve been promising people for decades.

This is just like Puerto Rico’s electrical issue: you know there’s nearly a 100% certainty that the program is going to run out of money.

I mean, seriously, the people in charge of program are telling you that it’s going to run out of money. It couldn’t be any more clear than that.

So it seems fairly sensible to have a backup generator for your retirement.

Everyone has a different situation– but there are plenty of options.

In the US, for example, tax deferred structures like a SEP IRA or Solo 401(k) can help you put away $50,000+ each year for your retirement in a really tax efficient way.

It’s even possible to use these structures combined with a side business like selling products on Amazon, renting out Airbnb units, etc. This means that you can channel income from your side business into your retirement account, helping you accumulate the savings you need to be comfortable in the future.

And, hey, even if Social Security is magically bailed out by benevolent space aliens, or some other crazy scenario, it’s not like you’ll be worse off having more retirement savings.

This is definitely worth considering and speaking to your tax adviser about.

Start now to make sure you are staying prepared.


via:  SovereignMan.com


Save pagePDF pageEmail pagePrint page

Venezuelan breaking off relations with the US. American diplomatic personnel have 72 hours to leave.

Venezuelan president Nicolas Maduro says he is breaking off relations with the US. American diplomatic personnel have 72 hours to leave the country.

Venezuelan President Nicolas Maduro said he was breaking diplomatic relations with the United States, after the Trump administration recognized opposition leader Juan Guaido as the South American country’s interim president.

Speaking to supporters outside the Miraflores presidential palace in Caracas, socialist leader Maduro said he would give U.S. diplomatic personnel 72 hours to leave Venezuela, which is suffering from a hyperinflationary economic collapse.

Earlier Wednesday, the Trump administration ratcheted up pressure on Maduro on Wednesday, announcing U.S. recognition of Guaido as interim president and signaling potential new sanctions against its vital oil sector.

With street protests against Maduro underway across Venezuela, Trump said the United States recognized Guaido, head of the opposition-controlled Congress, as the country’s leader and called socialist Maduro’s government “illegitimate.”

“I will continue to use the full weight of United States economic and diplomatic power to press for the restoration of Venezuelan democracy,” Trump said in a statement, encouraging other governments in the Western Hemisphere to also recognize Guaido.

The administration had been waiting to issue its announcement after Guaido had been sworn in as the country’s temporary president on Wednesday, people familiar with the matter told Reuters.

Venezuelan opposition sympathizers had been urging Guaido to assume the presidency since Maduro was inaugurated to a second term on Jan. 10 following a widely boycotted election last year that the United States and many other foreign governments described as a fraudulent.

Guaido, a newcomer on the national scene who was elected to head Congress on Jan. 5, had said earlier he was willing to replace Maduro if he had the support of the military, with the aim of then calling for free elections.

U.S. officials in recent days had stated openly that Maduro no longer had a legitimate claim on power.

This story is developing.


Venezuela has been the example of what can happen to a country and the actions governments can take when things get bad.


Check out these other posts for more info:

2018

Venezuelans regret gun ban, ‘a declaration of war against an unarmed population’

2018 August – Venezuela slashes five zeros from its old currency, renaming it the Sovereign Bolivar and tying it to a state-backed cryptocurrency in a bid to tackle rampant hyperinflation.

The UN warns of a migration “crisis”, estimating that economic woes and food and medical shortages have caused more than two million Venezuelans to leave their country since 2014. Most are settling in nearby Peru, Ecuador, Colombia and Brazil, leading to tensions in the region.

2016 February – President Maduro announces measures aimed at fighting economic crisis, including currency devaluation and first petrol price rise in 20 years.


2016 September – Hundreds of thousands of people take part in a protest in Caracas calling for the removal of President Maduro, accusing him of responsibility for the economic crisis.

2016

In Venezuela, a Box of Pasta Can Cost $300 — And That’s Not Even the Worst of It

2015

Stockpiling of Food Banned in Venezuela

2014

Venezuela Enforces Fingerprint Registry to Buy Groceries: What to Do Before Rationing Starts in America

2014 February-March – Protests over poor security in the western states of Tachira and Merida spread to Caracas, where they win the backing of opposition parties and turn into anti-government rallies. The government accuses the opposition of seeking to launch a coup and breaks up the protests. At least 28 people die in the violence.


2013 September – A massive power cut leaves 70% of Venezuela, including parts of Caracas, without electricity. President Maduro blames “right-wing saboteurs”.


2013 November – With inflation running at more than 50% a year, the National Assembly gives President Maduro emergency powers for a year, prompting protests by opposition supporters. Mr Maduro uses the powers to limit profit margins.


2013 December – The ruling Socialist Party and allies win local elections by a margin of 10% in a poll widely seen as a test of the government’s handling of the continuing economic crisis.

2012

Venezuela bans private gun ownership

Venezuela profile – Timeline

Start now to make sure you are staying prepared.

via:  cnbc, bbc


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-31-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-18-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks &PDF’s for 10-11-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-11-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-12-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

 

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-10-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-06-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

imageimageimage

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page

Free Homesteading, Cooking, Prepper, Survival eBooks & PDF’s for 10-02-18

Free Kindle Survival Homesteading Books

Free Homesteading, cooking, Survival, , and Prepping Kindle ebooks and PDF’s? Yes FREE Kindle ebooks and PDF’s!! Every now and then Amazon runs special offers on some of their Kindle ebooks and PDF’s, making them free for a limited time (usually just 24 hours).

I will check Amazon on regularly basis for their free Kindle ebooks in related subjects such as survival, homesteading and prepping etc. I will do all the leg-work for you so you don’t have to. You can just come back here regularly, so make sure to bookmark this blog.

These ebooks and PDF’s are only free for a limited time so if you are interested in one make sure you get it right away so you don’t lose out!

Remember you DON’T need a kindle to take advantage of these! There are FREE kindle apps for most major platforms!! iPhone, iPad, PC, Mac and Android. You can find those apps here!

Always check price before engaging, to make sure it hasn’t returned to full price.

imageimageimage

imageimageimage

imageimageimage

imageimageimage

 

Start now to make sure you are staying prepared.


Save pagePDF pageEmail pagePrint page