Month: April 2006

Odds ‘n Sods:

Cowabunga! Spot silver is over $14 per ounce, and gold is at $621. The shorts are heading for the hills! There may be some fright inducing pull-backs along the way, but I think that this bull market is just getting started. Consider any deep dips your best buying opportunities.    o o o Richard Kiyosaki on “The Coming Oil Crisis“    o o o From the Second Amendment Foundation: More than seven months have passed since New Orleans residents were forcibly and illegally disarmed in the wake of Hurricane Katrina, and starting Monday, April 17, the City of New Orleans …


Jim’s Quote of the Day:

"We have counted the cost of this contest, and find nothing so dreadful as voluntary slavery. – Honor, justice, and humanity, forbid us tamely to surrender that freedom which we received from our gallant ancestors, and which our innocent posterity have a right to receive from us. We cannot endure the infamy and guilt of resigning succeeding generations to that wretchedness which inevitably awaits them, if we basely entail hereditary bondage upon them." – John Dickenson and Thomas Jefferson, Continental Congress, July 6, 1775, Declaration of Causes and Necessity for Taking Up Arms


Responding to the Ongoing Middle East Crisis

There are a great many imponderables that have surfaced with the current saber-rattling situation in the Middle East. But one thing is clear–the uncertainty is rippling through the commodities markets. I guess you’ve all seen the higher prices at the gas pump, and the precious metals are spiking. For example, see the charts at Kitco. (To get the big picture, click on the one year chart, down at the bottom of that web page.) Silver was over $13.50 per ounce yesterday afternoon! What can you do? 1.) Pray for peace. Please pray for the survival of the people and nation …


Letter Re: A New Breed of Feral Dogs, by Buckshot

Mr. Rawles, The most vital point, I think, of Buckshot’s piece is not that feral dogs will eat us all alive, but that [applying] current attitudes in future scenarios CAN GET YOU KILLED!   You’d better get you mind wrapped around the hard decisions now the best you can.  Buckshot is exactly right: if you’re making decisions on the fly as a situation unfolds, you’re dog food.  The same goes for any, shall we say, less-than-polite social encounters with humans.  ARIES (Autonomic Response In Extreme Stress) is an acronym we used when I taught self-defense.  Most guys would pooh-pooh the …


Letter Re: Unintended Consequences of a Failure of Basic Services in a Disaster

Jim: When I was a river [rafting] guide we used toilets made of [military surplus wooden] rocket boxes.   The premise is to take a large Army rocket box (a toilet lid fits inside ) and use double lined plastic bags and plenty of powdered lime. Regular old lime for the disinfectant.   We would use on of these on extended wilderness rafting trips for 30 or 40 people.   Here’s how it works. Set up the rocket box and remove the large roll of heavy black plastic trash bags. Take TWO bags and double bag them and line the …


Odds ‘n Sods:

Iran’s president Mahmoud Ahmadinejad alternately threatens to annihilate or “liberate” Israel. With these tensions is it any wonder oil an precious metals are spiking?    o o o David Limbaugh comments on “Immigration Madness“    o o o It looks as if the short squeeze that I predicted in the silver market is starting to unfold. Look for a substantial spike in the price of spot silver in the next two weeks, as the shorts panic to cover their positions. This spike may very well be followed by some profit taking, but who knows–the stair step pattern may persist.


Jim’s Quote of the Day:

"Iran has dropped its pretense of benign intent. It has used the passing time to disperse, diversify, conceal, and protect its nuclear centers. But [the U.S.] cannot prevent this through military means—unless it is willing to commit itself to all-out war. Realism about Iran starts with throwing out any plans to bomb." — James Fallows, The Atlantic.


Note from JWR:

The first letter posted today is a thought-provoking piece directed toward fellow Christians, but the issues that it raises might be of interest to those of you that are of other faiths and even those who are not religious. I often stress charity in my writings. As a Christian, I consider charity my duty, and I feel strongly convicted to have extra food and gardening seed on hand to dispense as charity in the event of a disaster. Even for those of you that are not religious, I still recommend the practice, since it demonstrates kindness, and kindness builds trust …


Letter Re: Questions on Saving, Interest, and Preparation Versus Hoarding,

James:  I offer the following discussion (and answers, I hope) for Christians.   Proposition/assumptions: Good financial planning and even seeming ‘common sense’ dictates that we plan our income and expenditures wisely so as to have the ability to withstand a crisis.  This plan makes sense on an intuitive level, and also can be argued quite easily that as a Christian we have a duty to provide for the life and livelihood of our dependents; and that this provision includes saving money and goods for the event of hard times.  Or does it? Our Christian duty is also unquestionably to be …


Letter Re: Survive or Prevail?

Jim, I wanted to share the following with you. It really made me stop and think. I just finished reading G. Gordon Liddy’s book “When I Was A Kid, This Was A Free Country.” It is a very good read. Chapter seven is titled “Survive Or Prevail,” and in it he makes an excellent point. Do we want to survive, or prevail? The dictionary says that “to survive” means merely “to continue to live or exist.” Yet the definition of “prevail” means “to overcome; to gain the victory or superiority; to gain the advantage; to have the upper hand, or the …


Letter Re: Copper Price Galloping

Dear Mr. Rawles, I have wanted to write to you for a week or two with respect to an oddity.  An increasing number of sources are discussing the degree to which the base metal in the US penny is becoming more valuable than the penny itself.  This is odd, and www.coinflation.comis tracking it with alleged numerical precision.  If I get some spare time this week, I hope to write about the death of the penny in more detail. Best Regards, – K.A.D. JWR Replies: Silver is about 45 times more bulky than gold, (As I’m writing this, gold is $605.10 …


Odds ‘n Sods:

Chuck the Welding Wizard introduced me to an amazing publication, called the Encyclopedia of “Made it Myself ” Ideas. (30th Anniversary Edition, published by the folks at Farm Show Magazine). It has a wealth of knowledge on farm machinery modifications and outlandish inventions, some of which will doubtless prove useful at a retreat. It is available through http://www.farmshow.com. While you are at it, I recommend that you get their collection of magazine back issues on CD-ROM–less than $40 for 30 years of back issues.    o o o Former Federal Reserve Chairman Al Greenspan says that he regrets “irrational exuberance” …



Note from JWR:

We’re having some difficulties getting our continuous loop scrolling ad bar to work with Internet Explorer. 🙁 So unless you have Firefox, Safari, or Netscape, our ads may "disappear" until we get things straightened out. (Needless to say, I’ll be crediting all of our advertisers for some free days.) We may revert to non-scrolling ads for a while. Thanks for your patience.)


Letter Re: A New Breed of Feral Dogs, by Buckshot

This article raised a valid point. But I think it overstated the threat. And it conveyed a lot of negative thoughts, like “you will freeze up, your shots will go into the ground, you will be overwhelmed before you can react,” etc.     I’m a dog lover; owner of three Bull Terriers, which are basically civilized, happy Pit Bulls. No question, the strength, destructive potential and “hard to kill” factor of many dogs is true. But the author of that article overlooked a key feature of the “pack mentality.” Kill the lead dogs, and the followers probably will slink away. …