Thursday, June 20, 2013

Daily Briefing For Thursday, June 20, 2013

Lessons from Bosnia

Back in the spring of 1992, the conflict in Bosnia began.  We'd like to think that our species had evolved significantly up to that point, making the atrocities from previous wars a thing of the past.  Bosnia, however, taught us we were still quite human.

This story will give you some insight into what an extended worst case scenario might look like in a developed society.  Granted, this took place at the collapse of the Soviet Union, but there are lessons here for all of us.

What's Up With The Market?

In case you've been too wrapped up in Game 7 coverage of the NBA finals, the Dow has cratered in the last two days - over 500 points down in volume that's well above average.  Apparently, this was caused in large part to the Fed's announcement it would, predictably, begin to slow down its quantitative easing program.

As a result, gold and silver are down on a strengthening dollar, interest rates are going up, and the broader equity markets are down. 

On the financial talking head shows this evening, there were many opinions - many of which were contradictory to the others - as to what this means going forward.

What does it mean to the prepper community?  It means we need to continue to pay attention to the markets, make sound financial decisions, and keep your efforts on pace. 

No comments:

Post a Comment