“Long term prices of houses simply cannot rise above people’s means to pay for them. That is a simple economic fact. Here is another simple economic fact: Family incomes are falling. The negative savings rate and rising foreclosures are more proof of stress in the system.” – Mike “Mish” Shedlock, Mish’s Global Economic Trend Analysis, April 2006, as quoted at SafeHaven.com
Greetings Jim, I read Redclay’s letter on his questioning using electronics with generators. Ham (Amateur Radio) operators have been using various electronic devices for years powered by generators. The use of power sensitive devices such as a computer on a generator is fine if you take some precautions. First off the generator is what I called a “spiky” power source. So to smooth out the power supplied to the electronics one wants to use a good spike/surge protector between the generator and electronic devices. Do not skimp on cost and quality here. In my opinion it is preferable to use …
The Daily Reckoning’s Justice Litle comments on the world after the dollar collapses o o o It just occurred to me that the recent jump in fuel prices will hurt the mining sector, cutting into their profitability. Just as gold and silver are going into a bull cycle, the cost of production for the miners is going up. Thus, gold and and silver mining stocks will not show quite the magnitude of gains that they otherwise would have. This is just another reason to invest in physical metals rather than in precious metals stocks or mutual funds. o …
“So, we can say that, yes, the Dow has been in a bull market since October 2002 in dollar terms, but it has been in a bear market in gold terms. This is an important point to understand. In case we should experience continuous monetary inflation, which could lift, over time, all asset prices such as stocks, real estate, and commodities, some asset classes will increase more in value than others. This means that some asset classes while rising in value could deflate against other asset classes, such as happened with the Dow against gold since year 2000. – Marc …
Hi James, In reviewing the post by “Redclay” I think he brings a point that many people struggle with. Especially those of us who are just starting to prepare, but can easily get overwhelmed financially and mentally with all there is to do to be prepared. I have read SurvivalBlog since the beginning and don’t recall any truly affordable options for powering a 220 volt AC well pump. Below are some ideas that I have. See what you think. A brief journey back through time would shed some valuable lessons for all of us. The western settlers on up through …
Mr. Rawles, Some of your readers may have the BayGen Freeplay [hand crank clock drive] AM/FM/SW radio that they are saving for that “rainy day”, or may be new to the emergency preparedness mindset and looking for a similar wind up radio. I purchased my Bay Gen about six years ago for around $100 and used it about that many (100) hours. A few weeks ago the mechanism that regulates the internal generator speed started to deteriorate, then went completely out. I contacted the manufacturer/distributor and they referred me to Dixie Sales Co., the US distributor. I was informed by …
Jim, I regret the withdrawal of my advertising but I can no longer do it because the housing bubble has burst and this is not a good time to buy any real estate. I would urge your readers to consider renting and investing heavily in precious metals, including FMJ. I am calling the ball and making plans to leave the country possibly in the next 6-to-12 months. The dollar is in a fatal spiral and all dollar-denominated assets are in a freefall. There is no stepping away from the financial ruin the politicians and a willing sheeple have visited …
SurvivalBlog reader R.B.S. told us about a great new site that covers Second Amendment issues: Firearms News. They also host a very useful directory of links to firearms-related web site links. o o o A reader told me that he saw SurvivalBlog mentioned in the description for a current eBay auction of a CRKT tanto point folding knife. o o o The New Euro-denominated Oil Bourse: Iran signs its own death warrant. o o o NoNAIS.org has a very good article about NAIS implementation: Mafia Style “Voluntary”
"For the resolute and determined there is time and opportunity." – Ralph Waldo Emerson
Get your entries in soon for Round 4 of the SurvivalBlog non-fiction writing contest. The writer of the best contest entry will win a four day “gray” transferable Front Sight course certificate. The deadline for entries for Round 4 is May 31, 2006.
You may have read in recent years that both Microsoft’s president Bill Gates and Berkshire Hathaway (founded and still led by Warren Buffet) acquired large hoards of physical silver when silver prices neared their low ebb in the late 1990s first few years of this decade. Bill Gates purchased at least $10 million worth, with his “personal investment money.” Meanwhile, Berkshire Hathaway bought 129.7 million ounces. According to published accounts, the latter bought their silver at $4.40 per ounce, in 1997. The recent news on Wall Street is that Berkshire Hathaway has quietly sold off their silver position in the …
James: A site to be mentioned when it comes to slow speed diesels and the like is www.utterpower.com. I agree with the site linked – getting one of these small diesel engines is the hardest part in the process. Both the lister types and the small horizontal diesels (made in mainland China) appear on eBay.com from anywhere from $375 to $2000. Shipping is also a bit of a bear due to the high weights; [since] lots of cast iron is used on these. – Rick L.
Jim: In response to the question about generator sizing, obviously it depends on how much you want to run. This also determines how much fuel you will burn. I don’t have the money for a 15KW whole house generator so I did things on the cheap. Hopefully my “system” will help with some ideas or trigger your own I have a 5KW “portable” gas model. Nothing fancy, fixed RPM, with a 5 gallon top tank. After several hurricane related power outages, I live on the Gulf Coast of Mississippi, I have developed a good system for me. My house is …
Jim, A few weeks back, you covered the issue of pennies being more costly to produce than they are worth. Here is my Quixotic take on the issue: Based on historical precedent, currency/coinage reform is overdue. The half-cent was discontinued in 1857, when it was worth ten cents in today’s inflation adjusted dollars! Source: Historical Statistics of the United States. (USGPO, 1975), Statistical Abstracts of the United States. That means that the smallest monetary unit at the time was worth $0.20 in today’s value. And a $100 bill (gold certificate) in 1863 had a value equal to nearly $2,000. A …
Fuel Bank Offers “Locked In” Price for Gasoline. Meanwhile, Forbes reports,Venezuela Tacks on a New Oil Tax o o o Ken Timmerman reports: Iran prepares al Qiyamah (“Judgment Day”) Terrorist Vengeance Attack Plan o o o Zimbabwe: A Nation of Millionaires–Where $10 USD buys over $1 million in Zimbabwean toilet paper. o o o SurvivalBlog reader “John Z.” mentioned a recent CNN segment about a survival school that’s offered in Virginia. After watching this clip, his conclusion was that Buckshot could offer a better much course that would include survival skills such traps, snares, and skinning game. o o o …
