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Wealth Transfer around Collapsing Asset Prices

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The decimation of the middle class continues through 23% unemployment1 and the daily evaporation of net worth. Those who remain employed are running to stand still  taking up the slack of former, less fortunate, co-workers. Mortgage holders above water are the exception and many are cashing in what’s left of their 401k to meet expenses. The word retirement is fading into the dreams of yesteryear and will be a mere web-search term for children born after 2000.

There is a moral, peaceful and non-violent way to be on the receiving end of this slow-motion artificial wealth transfer. One of the keys is to understand . . .

Why Asset Prices Collapse

“Asset prices collapse during periods of hyperinflation when priced in gold.”2

When first reading that I wondered, “If assets are desirable and the currency is worthless then why would their price go down?” The answer is that prices rise in fiat and fall in gold. Why would prices fall when measured in gold? Current news headlines provide some answers:

  1. Some assets were overpriced to begin with and are returning to normal.
  2. Unemployment leaves people with less to spend causing less demand.
  3. Those with income cut back, save more and buy less causing less demand.
  4. Current housing inventory and projected foreclosures could meet demand for three years of sales. That figure is closer to four months in an efficient market.
  5. Equites, when priced in gold, have lost enough real value to cause people to flee into safer investments.
  6. Retirement plans are being liquidated to meet monthly expenses
  7. Luxury items are being sold to meet monthly expenses.

If current trends continue #2, #3, #5, #6 and #7 will get worse. If the banksters checkmate themselves into an inflationary corner then they will get much worse.

Women, Computers and Volcker to the Rescue?

In the early 80’s America was rescued from runaway inflation by three things:  A massive influx of women into the workforce, the personal computer and the temporarily sane monetary policy of Paul Volcker. Many women followed the pied piper of woman’s liberation but the piper’s agenda was to double the work-force tax base. The second rescue was the personal computer and the ensuing  productivity boost it poured into the economy. From a monetary point of view the same amount of money was now circulating in an economy with more productive workers and twice as many of them. Once again, the American public and ingenious entrepreneurs saved the state from its incompetence. Mom is now gone from the house, working and replaced with daycare and using computers developed by private entrepreneurs. And yet, it’s Paul Volckers’  monetary policy that is purported to have rescued America.

Is there anything on the horizon that could rescue the economy, today, as women and computers did in the early 80’s? Cold fusion? Free energy from the sky? A quadrupling of workers or their productivity? I’m not sure. But, there are ways to rescue oneself and family in any circumstances if they are understood.

Inflation and What Else?

The US has done more to cause hyperinflation than any country that’s ever actually had it. And yet, the US continues to escape this well-earned fate. Instead, bubble after bubble is popped and the proceeds are put into the bags of the ones who create them.  For those who care about macroeconomic measures the most reasonable short-term expectations are more of the same of the last decade:

  1. Informal Devaluation
  2. Stagflation
  3. Continued Decline

Great, but it’s a waste of time to dote on things one has no control of. Instead, why not bone up on the usual ways wealth is transferred under these circumstances? The “Collapse” that everyone is expecting is occurring in slow motion. However, since it’s easier to see the trades if we pretend it will happen overnight I’ll refer to what I think will happen over many years as the “Collapse”, below.

Wealth Transfer around Collapsing Asset Prices

Vulture economics is wealth transfer from weak to strong, emotional to rational, unprepared to prepared, city dweller to farmer, productive to unproductive, Keynesian to Austrian, and from the manipulated to manipulator. In a crisis the unprepared and wealthy (In fiat only) will sell anything to meet basic needs. In Weimar, well-to-do city dwellers came out to the countryside to exchange cigars for meat, pianos for wheat flour and gold watches for potatos.3 In essence, they traded Diamonds for Water.

Prior to Collapse

In a trade of Diamonds for Water the guy with the water gets both and the guy with the diamonds gets some water before losing both.

The general pre-collapse roadmap is to:

  1. Think like a foreigner in your own country.
  2. Move towards employment and safety.
  3. Postpone the purchase (And sell excess) of future collapsing assets.
  4. Don’t payoff your house. Make the minimum payments on all mortgages and large fixed debts.
  5. Purchase real money and wealth storing assets.
  6. Stock up on the life essentials while they’re available and cheap.
  7. Invest in the factors of your own production.
  8. Warn who you can without causing resentment.
  9. Make a shopping list for the eye of the storm.

My Optimal choices are laid out in Your Optimal Bailout Plan, Depression Proof Your Money, Checklist for Hard Times and 240 Jobs That Won’t Disappear in an Economic Crisis. Essentially, you sell assets whose price will collapse (Further) and buy the staples of life while they’re available and cheap. Later you buy the “diamonds” by preserving the purchasing power of your savings and not relying on anyone to provide life essentials for your family. If hyperinflation occurs pay off your mortgage with an egg. If it doesn’t use silver and inflation to pay off your house.

Foreigner in Your Own Country

You hear it all the time: Those ‘foreigners’ come over here with suitcases and buy everything in sight because the Euro/Yen/Yuan/Franc is strong. The opposite used to be the norm: Americans traveling everywhere for $10 a day on world wide shopping sprees.

Gold is the best money in the world and enables easy conversion to every form of cash. If your idea of cash is limited to government issued fiat then at least hold a stable one. They’re all based on nothing but Swiss Francs and Canadian dollars will faire better than the dollar. See How To Buy Swiss Francs in 5 Minutes or Less.

Today, you can swap in and out of any currency in the world with the click of a button. There’s nothing to prevent swapping into the strongest fiat of the moment. It’s well known that during the currency crisis’ of Chile and Argentina the first people to exchange local fiat for US dollars were among the few to keep their savings from disappearing into smoke. Those who bought dollars prior to the official devaluations and newly issued local currency were saved. Soon it will be even more ironic that the widespread use of US dollars provided the stability needed for these countries to transition into a new fiat currency based on ten times the nothing of the first one that collapsed.

Or, you can “play it safe” and keep your “money” in the bank.  You’ll be able to retain and spend every cent as it’s being devalued.

Field Trip

Take $500 to the bank and tell them you’re going on a trip to Switzerland and would like to purchase Swiss Francs. Take the Swiss Francs and put them in your pocket and let the feeling of having cash wash over you. If you ever need emergency cash convert them back and you’ll probably get more dollars than you started with.

Factors of Your Production

The best investment is in the factors of your own production: Health, education, training, building a strong network and community. If there’s no market for your specialty consider moving and/or directly producing what your family needs. Create a water rain catch system, grow your own food, make your on electricity, etc..

“Before you hunker down get out of the way”4

Many people are newly unemployed. Though beyond the scope of this article to explore would moving be a better use of your time than scanning the want ads? Would a move within the US, or to another country, be the best start of a new business or profession?

Wealth Storage

The TRJ/CRB is a benchmark representation of commodities as an asset class. These commodities are not the only place to store wealth but they do represent assets with well established markets.

  1. Aluminum
  2. Cocoa
  3. Coffee
  4. Copper
  5. Corn
  6. Cotton
  7. Crude Oil
  8. Gold
  9. Heating Oil
  10. Lean Hogs
  11. Live Cattle
  12. Natural Gas
  13. Nickel
  14. Orange Juice
  15. Silver
  16. Soybeans
  17. Sugar
  18. Unleaded Gas
  19. Wheat

Most of these have indexes for those who trust brokerage accounts. At least 10 of them, however, could be personally purchased and stored. Notice this list is in the Before Collapse section of the article.

Collapsing Assets

All of the following assets are collapsing and will continue to collapse relative to gold. Don’t be fooled by nominal price increases in fiat. Sell them now, if you can.

  • The US Dollar
  • Municipal Bonds
  • US Treasuries
  • High Multiple (P/E) Stocks
  • Financial Stocks
  • Equities in consumer discretionaries
  • Grand Pianos
  • Diamonds
  • Luxury cars
  • Yachts
  • Jewelry
  • Rental Houses
  • Designer Watches
  • Designer Handbags
  • Recreational (Only) Property
  • Luxury (Empty) Apartments
  • Overpriced Wine

Signals to Look For

The Mainstream Media does not report real news so you’ll have to glean the timing of the worst part of the collapse from alternative media or inductive reasoning applied to personal observations. The short list would be:

  • Witnessing a diamonds for water trade.
  • A precipitous rise in gold or silver.
  • Stock market collapse or close.
  • Sharp increase in the rate of failing banks.
  • Social unrest, heated protests or riots.
  • Bank holiday followed by formal devaluation.

We had family members stay with us, last Christmas, from Venezuela. The week after they returned home Chavez devaluated the Bolivar by 40% for non-food and medicine imports causing panicked shoppers to flood the stores to beat overnight price increases. A devaluation of 40-50% seems to be the norm. States may fear social unrest if taking more than 50% of people’s money overnight.

During Collapse

  1. Trade gold, silver or other wealth storing assets for assets whose price has collapsed, but, still represent good underlying value.
  2. Stay out of the way of those competing for food, water and essentials.
  3. Help whatever family and friends you can.
  4. Pay off your mortgage and all fixed debts denominated in the collapsing currency.
  5. Buy houses, land or whatever real estate you can use and manage.
  6. Buy equities of companies unlikely to be nationalized (If there are any) and who produce things needed to rebuild.
  7. Go bargain hunting with whatever you have left.

Shopping List

  • Real Estate
  • Farm equipment
  • Fertilizers
  • Agricultural commodities
  • Energy producers
  • Mining companies
  • Oil producers
  • Energy
  • Forestry
  • Manufacturing
  • Mining
  • Transportation
  • Utilities
  • Water

Real estate now shifts to a good buy as people dump it for essentials or to escape. You may have sold luxury condos and vacant rental houses prior to the collapse. Now is your chance to get them back … if you want ’em.

Gold Cost Average the Purchase of Real Estate

You can do it with stocks so why not with real estate?

It’s the same principle, just harder to imagine because real estate is rarely cheap enough to allow it. Instead of lamenting the nominal price drop of your house buy two or three more during the collapse. When things return to normal it will more than make up for what you overpaid in the housing bubble. By this time you may have already paid off your house with silver because the mortgage is denominated in fiat and you’ve got real money.

When sanity returns you will have saved yourself from being one of those guys you meet who got burned in Peru, Chile or Argentina and are still bitter over never having recovered from the collapse.

After the Collapse

Welcome to the latest third world country. Your neighborhood is starting to resemble the pictures from your last trip to Mexico. The middle class is gone or fled, labor is cheap, imported goods are expensive and the local goods get exported to countries that can afford them. Infrastructure disintegrates for lack of money and power outages are  a way of life.

Try to look on the bright side: Markets have been cleared of toxic debt, derivatives have disappeared, entitlement programs have been cut or renegotiated and policy makers have learned their lesson!? Or is that being too optimistic?

Well, at least labor is cheap and you can afford a nanny for each child if that’s your style. And massages, spa treatments, manicures and dinner out will be as affordable as they were on that last trip to the Belize!

Don’t Be a Vulture

The problem with eating raw flesh and blood is that it’s not good for you. Vulture economics requires stomach bacteria for digesting flesh without remorse. You’re not a genius to be in a temporary position of strength with your fellow man. But, you have a chance to act like one for recognizing him as such. This is your moment to shine by using strength in an exemplary manner. The golden rule remains golden. Will you?

If someone offers diamonds for water give them water and let them keep their “precious” diamonds. Use the chaos to invest in assets and people who are going to improve lives. If anyone’s going to be left with capital to rebuild why shouldn’t it be the good guys?

“For to everyone who has, more shall be given, and he will have an abundance; from the one who does not have, even what he does have shall be taken away.”

– Matthew 25:29

1Shadowstats, September 9th, 2014

2In Peter Schiff’s 2007 edition of Crashproof

3When Money Dies: The Nightmare of the Weimar Collapse

by ADAM FERGUSSON.

4Peter Schiff, “The Little Book Of Bull Moves in a Bear Market”

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Self-Deployment
Business

20 Ways to Be Self-Deployed in the Next 10 Minutes

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Either make a list or work on someone else’s. Be deployed or get deployed.

It’s that simple. What’s hard to grasp is how small steps, decisions and work accumulate over time, multiply and lead to freedom. And, yes, I’m bypassing “Self-Employment” and going right to the heart of the matter. State conjured terms don’t lead to a purposeful life. The truth shall set us free and it begins with precise language.

People who’ve done it know that deploying yourself is a project that can’t be checked off as done. There’s always something needed to keep it going. Through it all . . . one thing matters most: The next thing. The next thing is never so critical than when it’s the first thing. So, say a prayer and align your being and talents with the Creator of all things . . . and then make a list and get to work. That’s what Self-Deployment is. The first 100 steps are the hardest. Here’s the first 20 to optimize your trajectory.

Bet they’re not what your think.

20 Ways to Self-Deploy

  1. Find or create a place where you can think clearly. Bring a notebook, pen and ten bucks to get a cup of tea, snack or whatever else keeps you from concentrating. If you have a desk at home then . . . .
  2. Clean up your desk – Until it doesn’t distract you anymore.
  3. Make a list of everything you have to do until you can’t think of anything else. If you’re returning to this list from a previous session do this step again until your mind is clear.
  4. Write down everything you can’t get off your mind. Anything you can’t stop thinking about is eligible. Keep writing even if it takes all the time you have available. If you’re returning to this list from a previous session do this step again until your mind is clear.
  5. If you get stuck or overwhelmed go workout at the gym. That’s it, you’re done for the day. Don’t feel bad. This is the best thing you could possibly do to get unstuck for tomorrow or later.
  6. If you already have an idea –Brainstorm. – It’s no good to move on to the next step if you can’t wait to write everything down about a new business idea. Who knows? It may just be the one! But, hold back that judgment for now.
  7. Get organized – Build the Ark before the flood. If you’re scattered now it only gets worse. All this this purging and brainstorming tends to overwhelm personal organization. Start improving your system now. Ideas are the fuel of the freedom machine. Learn how to capture and organize them. GTD may be the optimal place to get started..
  8. Learn How to Discover Your Life Purpose in About 20 Minutes. Purpose is key to everything even if you don’t know what yours are, yet. Nobody wants to climb to the top of a ladder only to find it’s resting against the wrong building.
  9. Understand Your Optimal Equation– This is how the big picture fits together. Knowing your purpose is the best way to start. However, even when you do other variables of your life can still drag you down. The more self-knowledge you have about the complete range of your strengths, weaknesses, values, goals and purpose the better chance you have at optimizing the work you do in any environment. For now, move on to discovering you strengths.
  10. Build on your strengths. Purchase and read StrengthsFinder 2.0 to discover your strengths. If you want to move forward without the benefit of the book then go ahead and attempt to list them all out. I recommend the book, however, because it’s hard to recognize our own strengths.
  11. Learn How to Find Work in Any Economy– See if any of those jobs interest you. If they do, can you provide those services as a business instead of working a job? If so, then vett that business after you . . .
  12. Learn How to Vett Any Business Idea in 20 Minutes or Less
  13. Create a Bucket List. We all have one. The only difference between you and everyone else is that you’re going to write yours down. Want to climb the pyramids? Dive the Great Barrier Reef? Fly your own helicopter?
  14. List every Life Goal you have. Unlike your bucket list, these are personal development milestones, levels of expertise, accredidations, states of being that provide inner satisfaction.
  15. Create a Not To-Do List. – This is a great technique to free up the time needed to work yourself free. If you’re currently working a job then you need all the little snippets of time you can get your hands on.
  16. Cut Back to The Essentials. Make a list of all expenses you could cut to make your life easier. Be brutal. By now you know that nothing matters more than freedom. Let go of all the crap costing money you could use to get free. Don’t make others free in exchange for things you don’t need. Get back to basics and Tools that multiply your productivity.
  17. Take a Little Trip – Not even at step 20 and I’ll bet your exhausted. These ‘little’ steps pack a punch. Alright, forget about everything and take a little trip off your beaten path. Go feed the ducks at the pond or ice skate around them. Row, row, row your boat gently down the stream. Don’t come back until you stop giggling for no reason.
  18. SELL what you can, DONATE what you will and TRASH the rest. Trash everything you don’t need. List what you could sell to free up space, clutter, maintenance and money. Look in your garage. Stuff you don’t use is expensive in more ways than one.
  19. Outsource your weaknesses. Yeah, I know you can’t afford it. Be creative. Swap services with a buddy. Anybody from church need a place to stay for the summer? Offer a college student a part time job for room and board. Honey, can you do me a favor? etc., etc. . . .
  20. Use your job to break free. Purchase and read The 4-Hour Workweek. This is a great tool if you’re trying to work yourself free of a job.

What, no business plan? Uhhhhm, those are for getting others to loan you money.  By step 21 you’ll be on your way to creating money . . . but that’s a topic for another day. Work on one or two of these per day until they’re all done. On the way to completing the first 20 you’ll map out the first 100 or more. Those are the hardest, remember? If you lose your way repeat these rather haunting two sentences to yourself:

Either Make a list or work on someone else’s. Be deployed or get deployed.

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God

Modules For Manhood

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Book Review by Terence Gillespie

“A single conversation across the table with a wise man is worth a month’s study of books.”
— Chinese proverb

If conversations with the wise were captured in all the categories a man needs, supplemented with the views of the wisest authors of history, and woven together for the modern man the result would be “Modules for Manhood”.

modules-1-spread

The goal of Kenneth W. Royce’s series is to impart “What Every Man Must Know” to “Transform yourself into a strong, patient, competent, and courageous Gentleman of Honor”. Judging by the first volume—with the remaining two to be published this year—Royce may have accomplished these rather lofty goals.

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Rifle Training Girl
Defense

The Only Thing Better Than Becoming a Rifleman

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. . . is helping another become one.

A reader I haven’t met became a Rifleman on Sunday and credits my essay with finding out about Appleseed. Hearing the news truly made my week!

Though working on a few candidates at home they’ve yet to attend an Appleseed. But, America’s latest Rifleman, Mark Hudson, went a step further and managed the feat of documenting his training while mastering it. I hope it’s not too long before Mark receives word that the next Rifleman found Appleseed through his article (Which contains excellent checklists and pictures to inspire and assist in preparing for the event)!

6 degrees of separation

Of course, not everyone writes. Just telling folks what you’ve been up to is enough. Those inclined to listen pay more attention to actions than words, anyway; something Appleseed founder Fred knew from the start, no doubt.

All week I’ve been thinking about the popular notion that everyone on the planet is only six degrees of separation away from each other. I think it’s only two degrees for Rifleman. After posting on a favorite forum about Mark’s success one of the Appleseed instructors who worked with Mark, last weekend, actually saw and commented on the post!

To Those Who Have Ears

There’s no way around the looks you’ll get when recommending Rifle training over another trip to Disneyland. Guns are provocative by nature like a beautiful woman. Speaking of which, my wife was concerned watching me gear up for Appleseed. It was fun to return home and burst her bubble with pictures of families, father-daughter teams and boyscouts right along side the warriors she was expecting.

Isabel with her first rifle

It wasn’t long after that Isabel was dropping hints that she’d be willing to learn if she had her own rifle (Of course!). So, I bought her the one she picked to go with her outfits, in black & silver.

[Photo taken just after Isabel’s promise to attend the next Appleseed with her husband. She is holding the bribe it took to extract that promise.

What a natural and relaxed stance for a gal who’s never picked up a rifle. Now, if that elbow was vertical under the stock and . . .]

Isabel says she always wanted to learn to shoot and my enthusiasm made her speak up. Make that zero degrees of separation in the Gillespie household.

I planned to make this a longer article by mapping out ways to overcome common objections to the innumerable benefits of Rifle training. However, I’m learning from experience that it’s best to save words for those who have ears:

  1. If you don’t see the Liberty aspects of the training then go to learn about your Heritage.
  2. If you don’t care about the Heritage aspects then go for the Marksmanship.
  3. if you don’t care about the marksmanship aspects then go for Precision.
  4. If you don’t care about precision then go to spend time with family members that do.
  5. If you don’t think they need the company then go to meet quality people who are passionate about any one of the above.
  6. If none of these things motivate you then volunteer to babysit for someone who does. . .

Which brings me to something else I learned from Mark that will serve to keep future articles more brief and to the point. As with so much worldly wisdom the Greeks said it first in Latin, “Verbum sat sapienti” or

“A word is sufficient to a wise man”.

After reading some of Mark Hudson’s views on Life, God and Family I think we get a rare glimpse of one, below.

Mark at Appleseed

Copyright © 2010 by Terence Gillespie. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given to McGillespie.com

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Rifleman Patch
Defense

Appleseeds of Life & Precision

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Family oriented expert rifle training? Yes, happening at a range near you thanks to the Appleseed Project. You don’t have to go to Switzerland, anymore, to find whole families at the rifle range!

This is expert marksmanship being taught by enthusiastic riflemen who know what they’re doing. You won’t be awarded your Rifleman Patch until you’ve earned it. And what it takes and the word “Easy” don’t belong in the same sentence.

According to Fred, the man who started the Appleseed Project, “The purpose of the shoot is to promote history and marksmanship, to
provide marksmanship training opportunities, to train people to become
Riflemen and to teach them now to train other Riflemen”.

  • “April 19th, 1775, When marksmanship met history and the heritage began.”
  • “Liberty, Heritage, & Marksmanship“
  • “Are you a Rifleman or a cook? Attend an Appleseed event and discover your heritage.“

Rifleman Introductions

I recommend four articles written about Appleseed by two esteemed Riflemen. Read Bill Buppert’s article about his second Appleseed back in 2008 where he brought the whole family “On The Road With the Appleseed Project: Creating Liberty One Rifleman at a Time”. Bill contributes his expertise through Appleseed to “Wake up the sleeping giant in America”. He kindly recommended first shooting .22LR and setting up my Ruger 10/22 with Tech Sights for which my shoulder and bank account are thankful.

Massad Ayoob documents his Appleseed experience in three parts including Lessons from Appleseed and the Guns of Appleseed.

My Appleseed One

My first Appleseed was in Sacramento, two weeks ago. The full service range is in a breathtaking part of the country. The fresh air and scenery were a perfect backdrop for an inspiring day.

Apart from the welcoming smiles of the volunteer staff the first thing that struck me was that whole families were there for the training! There were also two father daughter teams and three father son teams.

One third of the attendees were women including three rifleman trainers. Perhaps the only thing more impressive about the lovely ladies on the next mat over is that they were outshooting the men! Grrr. . .

The Rifle

I brought a Ruger 10/22 with tech sights and a plain GI sling with six magazines though four would have been fine. See Mas Ayoob’s Guns of Appleseed or Appleseed’s Liberty Training Rifle for tips on setting up your rifle.

Training for Precision

The training starts with the big things first moving in a circle around your shooting position. Every physical and mental factor leading up to the bullet exiting the barrel is covered. The quality of the shot is viewed as a reflection of the quality of the setup, trigger squeeze and follow through.

Every detail counts in an endeavor of precision and the training involves two days of getting every aspect of the setup into your muscles and bones. For the purposes of this article, however, I’ll briefly describe two aspects of the training that I particularly enjoyed: Natural Point of Aim (NPOA) and firing the shot “By the Numbers”.

What follows are this budding Rifleman’s summary of two, of many, aspects of the training. They give a flavor of the training though words are no substitute for the real thing.

Natural Point of Aim

The idea of NPOA is to setup your body around the rifle so that both are in a state of relaxed tension pointing at the target. Once in your NPOA your breath will cause the front sight to rise and fall vertically through the target. Much of the morning is spent learning what it looks and feels like to get into your NPOA in the prone position.

Adding breath control and their six steps of shooting by the numbers lays an excellent foundation for squeezing off consistent shots. The next step is learning to get into your NPOA in standing position and one seated position (Since body types vary you’ll be shown five seating positions to choose from).

Like most endeavors of precision Appleseed’s descriptions and demonstrations are easily described and demonstrated by the experts. However, teaching your body and mind to reliably and consistently setup your NPOA for the three basic positions is not easy and feels anything but natural, at first. This is especially true for the self-taught (Myself included) who need to unlearn bad habits and replace them with correct technique.

The pace of the training is brisk, methodical and complete. There are no shortcuts taken in building a solid Rifleman foundation. Considering the wide variety of people at the training it’s impressive to see everyone focus together to handle the pace and quality of the instruction.

Firing the Shot “By The Numbers”

Here’s another summary that gives a flavor for the training, but, is no substitute for the full descriptions and experience of being guided through each “Number” in real time by experienced Riflemen:

  1. Line up the front and rear sights.
  2. Bring the lined-up sights onto the target.
  3. Take a deep breath in, then out using the rise and fall of the front sight to establish NPOA.
  4. A: Focus your eye on the front sight. B: Focus you mind on keeping the front sight on target.
  5. Take up the slack and squeeze the trigger straight back (While concentrating on the front sight).
  6. When the hammer falls: Keep your eyes open, take a mental photo of the shot (Referred to as ‘Calling the shot’) and hold the trigger back for follow through.

The instructors are enthusiastic and patient with a keen eye for recognizing and correcting your weak areas.

After the first two hours I started wondering where else I could get such quality training at the price? “Nowhere” is the correct answer. Even if you offered to pay a family member’s gas, lunch and ammunition it would cost you more than Appleseed’s two day training for $70! (Women and children are currently free which I’ll be using to pursuade my wife to join me).

Appleseed Before Practice

Practice makes permanent, not perfect. What you practice determines what is made permanent.

Apart from zeroing your rifle I recommend attending the first day of an Appleseed before engaging in intensive practice with your rifle. In fact, have someone else zero your rifle if you trust them to do it. That frees you up to soak in the training and practice the right habits into your bones on every subsequent shooting occasion.

I spent the first half of the day unlearning bad habits. Best to err on the side of coming to an Appleseed before making bad habits permanent.

Master A Tool of Tools

Mastering a precision tool bestows benefits beyond the area of the tool, itself. In the case of a Rifle the benefits are profound. What profession or task would not benefit from the discipline and precision required to become a Rifleman?

  • What about adjusting your sights is not transferable to adjusting a miter saw?
  • What about establishing your NPOA is not transferable to target marketing?
  • What about zero’ing a rifle is not transferable to Optimizing workflow?
  • What about the shooting by the numbers is not transferable to visualizing your goals?

The benefits ricochet (Sorry) to and from all endeavors of precision. Inversely, the discipline and precision of master carpentry, for example, can be parlayed back into many aspects of the Rifleman’s craft, as well. For those who haven’t yet settled on a profession precision rifle training exercises a myriad of mental and physical ‘muscles’ that can be applied to future pursuits, yet unknown.

It’s been said that the 1st and 2nd amendments are the only rights required to guarantee the other eight Bill of Rights and all non-enumerated natural human rights. Apropos to their power learning to speak, write, express, worship and defend is optimally approached with an eye towards precision. It is somehow not enough:

  • To understand the power of speech, yet speak imprecisely.
  • To be willing to die for the freedom of worship yet be unspecific in praising God’s glory.
  • To treasure Life and Family with no proficiency in the only historically proven means of their final defense against tyranny or uninitiated aggression.

It takes time, study, effort and keen interest to acquire mastery of these tools of tools. Yet, it’s worth every effort to acquire them even apart from the daily blessings they bestow.

The Day’s Results

According to Appleseed my maximum effective range is 400 Yards. That means I was able to get three consecutive shots to group within a man sized silhouette at 400 yards. In theory this is one step short of Rifleman, but, it’s not that simple.

The “Red Coat Test” (So named because the targets are red to symbolize the British uniforms in the Revolutionary War) is shot from only one position and is not as strict as the Army Qualification Test (AQT) test given the following day where you shoot in three different positions while being timed.

I spent most of the day soaking in the fundamentals and replacing bad habits. That’s probably par for the course for guys who didn’t have the good fortune of Appleseed-like training when starting to shoot. Also, since I didn’t re-zero the .22 after installing iron sights I failed to realize they needed serious adjustments beyond the settings possible on the sights. Therefore, I spent the day looking at groups still 4 inches off the target. For the last two hours an instructor (Thank you, Pat) lent me his 10/22 rifle with a scope. This was great timing because I was able to see the results of the days efforts on targets instead of groups.

I was able to attend only one day of this two day event. Perhaps I could have shot Rifleman the next day though it would have felt wrong to do so with a borrowed rifle. I’ll be back for a proper two-day Appleseed in the next few months. In the meantime, this one day of training has set the tone for practicing the right habits into bone and muscle.

Prep for Appleseed Two

If you’re planning to attend an Appleseed their “What to bring to an Appleseed Event Checklist” is great. Make sure to bring a hat for the sun or a raincoat for the rain. I also recommend binoculars (If you’re not using a scope) to see your patterns between courses of fire where you won’t be walking down to the target. My personal prep for Appleseed Two is to:

  1. Bring a backup rifle – Just like the “What to Bring” sheet says – bring a backup rifle. There’s just no time to make major adjustments to your primary without missing key elements of the training.
  2. Zero both rifles prior to arrival – They cover sight adjustments in the training, but, the elevation adjustments on my tech sights were maxed out and required disassembly to correct. Since I was only there for the Saturday session an instructor loaned me his backup rifle so I wouldn’t be sidelined. Also, to keep the line safe shooters are discouraged from working on their rifles outside of the preparation period. There’s really no time to focus on making major adjustments to your rifle. It’s best to come with a zero ‘d rifle with all the kinks worked out before hand.
  3. Replace the factory with an auto bolt release – Smooth magazine changes are required for the AQT. Placing my finger just right does the trick, but, it’s a distracting hassle that annoys at the end of the day.

Goals

  1. Earn the Rifleman’s patch with the .22 LR.
  2. Requalify with a .308 to remap the training into a true 500 yard round.
  3. Persuade my wife to take a drive in the country and and see what her husband is excited about.
  4. Invite my friends to come along (I’ll drive, pay gas, share ammo and prepare your rifle, if requested!).
  5. Spread the word – Fulfilled with this article, but, not likely to end here.

Planting Seeds of Life & Precision

“Freedom is never more than one generation away from extinction” – Ronald Reagan

On April 19, 1775 better men than I were faced with a choice: Freedom or Slavery. They chose Freedom and paid dearly for it. The men and women of Appleseed have not forgotten and are planting seeds of life & precision in the hearts of new generations of Americans. At a time when dozens of HD screens in every home are turning brains into mush these guys are off the couch breathing the fresh air of the countryside and passing on timeless values and skills.

Politics aren’t required to embrace something fun for the whole family that instills values, skills and benefits far beyond the training, itself. The precision skills parlay into any future profession so why not take a cue from Bill Buppert and make Appleseed part of your homeschool curriculum?

Family oriented expert rifle training is happening at a range near you. Thanks to the Appleseed Project we don’t have to go to Switzerland, anymore, to find whole families at the rifle range! Who knows? With all these sparkling new rifles and Rifleman budding forth maybe it’s not too much to hope for the stabilizing peace and freedom that historically follows in their wake, was purchased by our ancestors and is currently enjoyed by our Swiss friends.

— Special thanks to Shoot Boss BaldDragn and assistent trainers James, eaglescouter, Jules, DoubleD, NorCal22Gal and Pat who trusted me with his rifle.

Copyright © 2010 by Terence Gillespie. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given to McGillespie.com

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Ammo for Barter – Part 2: Ammo vs. Other Barter Items

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I put Ammunition after Water, Duct Tape and Coconut oil and before Fuel, Tarps, Paracord and Whiskey. But, that’s just me. On a recent trip to Peru I noticed a fresh role of toilet paper on the dash of every taxi.

A man’s got to have his priorities!

Life Priorities – (LP)

For the purposes of preparing for a non-specific crisis I’ve chosen to order life’s priorities in the following categories:

  1. Water
  2. Shelter
  3. Food
  4. Security
  5. Health & Medicine
  6. Communications
  7. Power
  8. Hygiene & Sanitation
  9. General Tools
  10. Transportation
  11. Spices & Vices

Going through your own reasoning process and placing these categories in order is surprisingly useful. Knowing your priorities is key in making disciplined and balanced choices when allocating limited resources.

Any situation requiring something akin to a remote control drill is eligible for the deployment of firearms and ammunition. Contrary to mainstream media brainwashing firearms have a broad range of application: They serve needs in three out of ten of my top 10 Life Priority categories: Security, Food and General Tools.

Differences of opinion on the value of barter items will be rooted in Life Priorities. Your vision of where Food, Security and General Tools fit into the big picture –And your strategy in providing them– will change the ‘price’ and liquidity you assign to firearms and ammunition.

Informed Subjectivity

In a barter economy you are one half of the pricing system and your fellow trader is the other half. Making subjective judgments about the value of a barter item is not a weak method; It’s the only method. Barter economies have no broad pricing system other than the subjective judgments of the traders. Instead of complaining about subjectivity develop an informed subjectivity to become a better trader.

In barter price is expressed in terms of the desired item. To save myself from drowning in a sea of subjectivity I came up with Your Optimal Barter Equation. Please see that article for a description of the equation. Simply stated:

(M * N * LP)1-n = YO Barter

Where M are the money qualities, N is how directly the item fulfills a need and LP is the Life Priority of the need fulfilled. Note the 1-n subscript. That’s because an item can fulfill needs across multiple categories of life. In fact, the best barter items do.

Money – (M)

Ammunition is compared with the attributes of Money in the first part of this series. Ammo fairs well in the comparison. On a scale of 1-to-10 where 10 is money I give Ammunition a rating of eight. It is viable, if not strong, in seven out of the 10 attributes of money; it is not fungible, is divisible only within the same cartridge and is best traded in manufactured lots. It is also destroyed or unpredictable if wet.

Direct Need Fulfillment – (N)

Bartering ammo instead of a gun is like bartering fuel instead of a car. The ‘fuel’ for these machines have more of the attributes of money yet directly fill needs for the same Life Priorities.

Because ammunition requires a gun I’ve given ammo an eight instead of a 10 when scoring its direct fulfillment (N). Before settling on eight, however, substitutes should be considered.

Ammunition Substitutes?

  1. Security. Walking through the aftermath of Haiti or Katrina with pepper spray or rubber bullets is a weak security play. Even if you emerge unscathed what’s your strategy to provide security for your family? The stabilizing peace that follows in the wake of responsible gun ownership is dramatic, even in good times. How much more so in a crisis? Avoidance, lights, fair trade, keeping your word are minimum behaviors of rational people. However, security is not holistic until violence that may be thrust against you by less spiritual or less rational creatures can be stopped.
  2. Food. Yes, if complete proteins are stocked in advance. Have plenty of beans & rice, whey, TVP, Hempseed, milk, eggs, soybeans, etc. You can leave hunting to hunters only with advance preparation (And hunters would be grateful if you would be so prepared).
  3. General Tools. Need a remote control drill? Then you need firearms and ammunition. No substitutes as of 2010.

Substituting peace for violence is a noble quest undertaken within one’s own heart. Would you stake your life on all those around you achieving this state of Grace? Stockpiling a nutritious variety of complete proteins will quell your families need to hunt. Do you have this food set aside and ready to go?

At best, substitutes for firearms and ammunition are indirect and require advanced preparation. While encouraging all reasonable avoidance of violence and advanced preparation my direct fulfillment (N) score of ammunition remains an eight.

How Does Ammo Stack Up?

I took the best money substitute candidates from the  400 Item Barter List and narrowed it down to 44 Items. After assigning M, N and LP values to each item a spreadsheet was used to calculate scores using Your Optimal Barter Equation:

(M * N * LP)1-n = YO Barter

The equation was applied to the items primary (LP1) and secondary (LP2 thru N) Life Priority categories. The top 21 items ranked as follows:

Rank Item N M LP1 LP2 thru N
1 Water Packets 10 7 1 3,5,7,9
2 Lighters 9 6 2 3,4,5,8,9
3 Duct Tape 7 7 2 4,5,7,8,9
4 Batteries 10 5 7 4,5,6,7,9
5 Coconut Oil 10 7 3 5,7,9
6 Ammunition 8 8 4 3,6,9
7 Fuel 8 6 7 4,5,6,9,10
8 Tarps 8 6 2 4,7,8,9
9 Paracord 10 6 9 2,4
10 Salt 10 7 3 5,11
11 Hemp 9 7 3 5,11
12 Silver (1 oz) 10 10 9 5
13 Eggs & Milk 10 6 3 5
14 Portable Filters 5 5 1 3,5,7,9
15 Wine 10 5 11 3,5
16 Whiskey 10 7 11 5,8
17 Handgun 8 5 4 9,3
18 Razors 8 7 8 5,9
19 Aluminum Foil 4 8 3 5,7,9
20 Aloe 10 6 5 8
21 Rifle 8 4 4 3,9

As you can see, accounting for a barter items use across multiple categories yields surprising results. I didn’t expect Lighters, for example, to rate so high. However, it’s difficult to protest a Lighter’s compactness, money-like qualities and it’s direct fulfillment of needs across six of my highest Life Priority categories. Water, Lighters and Duct Tape are clear winners (Using my values).

The next three items grouped closely; there was no clear winner among Batteries, Coconut Oil and Ammunition.

I expected Eggs & Milk to rate higher but the equation is a measure of a barter items liquidity in a barter economy. The ranked items are not a preparedness list, per se. It would be a tragic mistake to stockpile excess of the above items instead of focusing on your overall preparedness needs. However, having an excess of top scoring barter items would be among the easiest errors to correct in a crisis and might help fill in the gaps of your overall plan.

Point in Time Value

Change the scenario and change the price. A box of .357 costs less when golfing at Pebble Beach than in the aftermath of the LA Riots. The value of everything changes in time for too many reasons to list. That doesn’t mean there’s no use in taking a stab at relative value in the only moment we have: Now.

My ranking of these barter items was done in the same way as a trade: Subjectively. If I place a higher value on Coconut oil than Aloe does that make me an informed consumer of Coconut oil or an ignorant one of Aloe? You tell me, my fellow trader. The subjective evaluation of the price of a barter item is not a weakness of method: It IS the method.

Ammunition is a Barter Superfood

These top 21 barter items are the superfoods of a barter economy: They provide a kind of nourishment across Lifes’ Priorities. Even after a good meal a bag of Salt still appeals. Even with a full tank of gas a spare five gallons is not to be dismissed. And, you don’t have to be a shooter to know that a few boxes of .38 Special could be traded for just about anything.

While discussing the subject of this article with a friend he jokingly said, “Forget about other barter items. A gun is your ticket to get everything you need!”. When we were done laughing I realized he had perfectly captured the spirit of the unprepared, less rational or desperate. Unfortuneatly, even in good times there are at least 76 Reasons to Have a Gun and the ammunition they use.

Like water in the desert, food during famine or shelter in a storm, the value of a gun and the ammunition it uses is exactly equivalent to the value of the life it defends at the moment it defends it. Unlike water, food and shelter, however, the gun may not have to be fired to achieve its full value.

May only one half of that decision be left to someone else.

Ammo for Barter — Part 1: Ammo vs. Money

 

Copyright © 2009 by Terence Gillespie. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given to McGillespie.com

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Depression Proof Your Money

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The money printing bailouts have only just begun.

Yes, we’ve had some deflationary bankruptcies to help decrease the money supply, thank God. But, as you can see, even the most staunch conservatives are now begging the government to crank up the printing presses. As history predicts, they just can’t help themselves.

Most of the strongest advocates for the bailouts know what they’re doing. They know that pumping this much fiat money into the economy will lead to hyperinflation. But, whoever gets the money first can use it to purchase valuable assets while it still has some purchasing power left. By the time the money makes its way to you and me its purchasing power will be mostly gone.

But, there’s still time. . . (As of 9/25/2008) . . .

. . .To Depression-proof your hard earned money, savings and retirement plans from the upcoming hyperinflationary depression.

If you know what to do it doesn’t take long to:

Move Your Money From Here . . .

  • Bank Accounts
  • Savings Accounts
  • CD’s
  • Government Sponsored Bonds
  • Money Market Accounts
  • US Domestic Stocks
  • Financial Stocks of Any Kind, in Any Country
  • Treasury Bills
  • Municipal Bonds
  • Mutual Funds Made Up of Primarily US Domestic Equities
  • Bonds and/or Bond Funds of Any Kind
  • Under Your Bed
  • In Your Backyard

. . .To Here

  • Swiss Franc Bonds
  • Foreign Stocks that pay dividends
  • Agricultural Indexes
  • Gold
  • Silver
  • Real Estate (Low Prices and Hyperinflation can payoff your house!)

It might only take one hour to preserve a lifetime of savings!

Talking Heads

Judging from the reactions and interviews on TV many wealthy people were blind-sided by the financial crisis’ of the past week. After those talking heads get off the air you can bet they’re moving their money and assets around to protect themselves.

I like Ben Stein. He’s a smart, likeable and decent human being. He’s also more wealthy than the average Joe and is frequently seen on TV commenting on economic and investment issues. Unfortunately, Ben didn’t see this financial crisis coming.

When history is used to predict or avoid an outcome the correct past event has to be chosen as the model. The dollar is losing its status as the world’s reserve currency. Central banks around the world are covertly dumping dollars and purchasing gold and other real assets. And the US government is largely powerless to do anything about it. In fact, the stewards of our currency are printing up their own personal bailout packages just prior to their exit from the world stage.

This is not a normal recessionary business cycle we’re witnessing. The talking heads on TV telling you to “Stay the course” are giving you the correct advice for the wrong time. If they didn’t warn you of a financial crisis of this magnitude then why would you trust their advice now?

Return OF (Not ON) Your Investment

In times like this the perfect is the enemy of the good. If you haven’t already reallocated your investments then you don’t have time to be a perfectionist. Think in terms of preserving the purchasing power of your money and consider any increase a bonus. Look at the list of destinations, recommended above, and choose one you’re comfortable with.

Brokerage Accounts

Correctly choosing the particular holdings in your brokerage account is much more important than choosing the brokerage firm, itself. People who were using Bear Sterns or Lehman Brothers to hold their investments did not lose the holdings in their accounts. It was the stock of the brokerage firms, themselves, that plummeted, not the investments they held for you as custodian. I don’t use this firm myself, but, one company that is getting it right is Peter Schiff’s Europac.net. Check them out if you’re looking to make a switch.

Banks

Even with a bank you’ll probably get money less than $100k back if you want it. You may have to stand in line, be limited to partial withdraws and be inconvenienced, but money you have in the bank will most likely still be returned to you. But, the dollars may not have much purchasing power when you get them back. The FDIC does not have enough to insure all the deposits in banks that are about to fail. But, the government will just create more money for the FDIC to keep functioning when they run out.

If you want to be spared any inconvenience for your short term banking then choose one with a high star rating at www.bankrate.com.

Silver May Not Be an Option

In the Bailout Plan sent out two months ago I recommended silver as my personal favorite way to store and preserve value. There is very little physical silver left for purchase. I still recommend calling your local coin shops to check. However, you may end up having to purchase gold instead of silver. If so I recommend gold eagles, austrian philharmonics and any denomination of bullion bars from a well-known mint.

You could purchase shares of the silver ETF SLV, but, this is a far less attractive alternative to keeping the physical metal in your possession. See my article SLV is Not Silver for more on the pitfalls of investing in SLV.

For a broader perspective on precious metals read my article Silver and Gold Do Nothing or Why is Gold Money?

How Much Inflation and When?

10% and now. One, three, six months from now? Increasingly more. But, isn’t 14% and climbing enough?

Start making decisions now while your dollar still has enough purchasing power to purchase things that have lasting value.

Checking Account Alternatives

If you’re losing 14% a year in your checking account due to inflation then even simple things around the house start to be a better “Investment”. You should probably have at least three months of expenses in your checking account. After that, if you’ve already paid off your credit cards and reallocated your Retirement account then here are some alternatives for the money left in your checking account:

  • Food That Stores for Long Periods like cereal, canned goods, rice
  • Water, Water Filters or Storage
  • Computer Upgrades
  • Software
  • Prepaid Utilities like gas, electric, cable, cell phone
  • Prepaid Property taxes

Or anything else you’re going to have to purchase in the next year or two. Why not purchase them now while the purchasing power of your money is stronger and you still have a job?

Web Resources

This article is an update on the Your Optimal Bailout Plan I sent out at the end of July. See that article for more background.

www.europac.net

www.shadowstats.com

www.lewrockwell.com

www.allamericangold.com

www.silverstockreport.com

Copyright © 2008 by Terence Gillespie. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given to McGillespie.com

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