A Survivalist Christmas
By Jeff Clark
December 23, 2008
The Clark household has five Christmas trees. My kids get to decorate one, and they do so predictably. The tree is covered in candy canes, strings of popcorn and cranberries, and a bunch of homemade ornaments only a parent can love.
My wife, the Martha Stewart of Northern California, decorates three trees. They look like they popped out of a Neiman Marcus catalog. Everyone "oohs" and "aahs" whenever they see them.
My tree, however, is the one all of our friends look forward to seeing. Several years ago, I started decorating my Christmas tree in the theme of the current economic and political environment.
Last year, for example, I painstakingly created my own ornaments for a Global Warming Tree. I froze ceramic figurines of polar bears and arctic seals in cubes of ice. I inserted a metal hanger in each one and placed the ornaments on the tree. As the ice melted, the ceramic figurines would fall and shatter onto the hardwood floor below.
My liberal friends thought the tree was a sensitive statement displaying the threats of mankind's abuse of the environment. My conservative friends thought it was a hilarious expression of sarcasm. It was the perfect politically agnostic tree.
Not so this year. Yesterday, I unveiled my Survival Tree.
It's a six-foot potted apple tree. You may recall stories of the Great Depression, when men would set up shop selling apples on street corners. Well, I'm one step ahead of that.
The trunk is covered with burlap sacks that fan out at the bottom – like a tent. So, I have shelter and something with which to catch rainwater.
The Christmas lights wrap around the top of the tree flicker on and off, controlled by a dial. This allows me to send Morse code signals to other survivalists.
The ornaments are made of empty shotgun shells; small bottles of water; canned foods like Spam, refried beans, and tuna fish; and a bunch of gold and silver coins (the chocolate variety – but you get my point).
For tinsel, I bought a bag of shredded U.S. currency and meticulously hung each strand on the tree.
Painted gold bricks and toy guns surround the base of the tree. The message to my friends was simple, and it was written on a small cardboard placard...
"Buy yer own darn gold. 'Cause you ain't gettin' any of mine!"
I hope my friends take my advice. And I hope you do too.
Happy Holidays,
Jeff Clark
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Developers Ask for Government Bailout
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
They're warning policymakers that thousands of office complexes, hotels, shopping centers and other commercial buildings are headed into defaults, foreclosures and bankruptcies. The reason: according to research firm Foresight Analytics LCC, $530 billion of commercial mortgages will be coming due for refinancing in the next three years – with about $160 billion maturing in the next year. Credit, meanwhile, is practically nonexistent and cash flows from commercial property are siphoning off. WSJ ($) Read on...
Japanese Exports Fall Most In 22 Years
Japan's exports plunged at a record annual pace in November with shipments to Asia dropping the most since 1986 as a global economic slump and a surging yen slashed demand for everything from autos to electronics.
While imports fell 14.4 per cent as the Japanese economy languished in recession, the 26.7 per cent plunge in exports was large enough to keep the trade balance in deficit for a second month running. Japan last logged trade deficits two months in a row during a previous spell of yen strength in 1980. FT ($) Read on...
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| • |
Gold marches toward $850... Royal Gold at all-time high. |
| • |
U.S. Oil and U.S. Natural Gas funds fall to new lows. |
| • |
Soup giant Campbell Soup hits three-year low... down 25% since September. |
| • |
World's largest RV maker, Thor Industries, hits six-year low. |
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Last |
Change |
52-Wk |
| S&P 500 |
862.82 |
-2.82% |
-41.88% |
| Oil (USO) |
30.87 |
-6.63% |
-58.17% |
| Gold (GLD) |
83.16 |
+0.64% |
+3.82% |
| Silver (SLV) |
10.71 |
+0.38% |
-24.65% |
| U.S. Dollar |
81.13 |
-0.21% |
+4.39% |
| Euro |
1.39 |
+0.20% |
-2.84% |
| VIX |
45.01 |
+0.18% |
+143.69% |
| HUI |
265.66 |
-2.10% |
-33.21% |
| 10-Year Yield |
2.14% |
0.01 |
-1.04 |
|
| Company |
Sym |
Industry |
Royal Gold |
RGLD |
gold |
Emergent Bio |
EBS |
biotech |
Nippon Telegraph |
NTT |
telecom |
Maxygen |
MAXY |
biopharma |
American Capital Ag |
AGNC |
residential REIT |
|
| Company |
Sym |
Industry |
Swift Energy |
SFY |
oil & gas |
Hitachi |
HIT |
electronics |
U.S. Natural Gas |
UNG |
natural gas |
Campbell Soup |
CPB |
food products |
Take-Two Int |
TTWO |
video games |
Grey Wolf |
GW |
oil drilling |
U.S. Oil |
USO |
oil |
Hill-Rom Holdings |
HRC |
medical equip |
Cellcom Israel |
CEL |
telecom |
MarkWest Energy |
MWE |
oil & gas |
Thor Industries |
THO |
RVs |
Harvest Natural |
HNR |
oil & gas |
The China Fund |
CHN |
Chinese stocks |
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