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Notes from JWR:
Economist Jim Sinclair noted
in a recent e-newsletter: "November 15th is approaching quickly. It is
this date where supposed real valuations, according to accounting standards,
have to be made on value-less class 3 assets." I think Jim Sinclair is
right. Thursday (November 15th) may go down in history as a financial reckoning
day. Given the presently very shaky US markets, these revelations could very
well precipitate a stock market drop--if not a stock market
crash--led by
the financial sector
stocks.
I pray that the readers of SurvivalBlog have all taken my advice and have minimized
their exposure to stocks and other US Dollar-denominated investments. We are
approaching some very turbulent times!
Our first article today is from "SurvivalistSam", the SurvivalBlog's
correspondent in New Zealand. He is a 15 year-old homeschooler
that lives on New Zealand's South
Island.
