The Big Picture on Gold, Silver, Real Estate, and the U.S. Dollar

I have come to the conclusion that the nascent implosion of the U.S. residential real estate bubble is going to have some far-reaching macroeconomic consequences. We are just starting to see the beginning of the real estate collapse. The adjustable rate mortgage (ARM) reset clock is ticking, and the home foreclosure rate is just starting to spike. I predict that in just three or four months, the housing market collapse will be just as big a news story as the Savings and Loan crisis of the 1980s. There will be plenty of hand wringing and finger pointing. The lenders that …

Letter Re: Potential Range of Nuclear Weapon EMP?

Mr. Rawles: I’m confused. Some things that I’ve read say that the maximum range of [nuclear weapon electromagnetic pulse] EMP is about 60 miles, but others say 200 or 250 miles. Which of them is right? Wouldn’t a terrorist bomb at ground level have shorter range EMP than a nuke touched off at high altitude or low orbit? (With a wider horizon.) Thanks, – Lance in Nebraska JWR Replies: You aren’t the first SurvivalBlog reader to ask about the greatest potential effective range of an EMP-optimized nuclear detonation. I first discussed this in SurvivalBlog back in October of 2005. The …

Letter Re: The 1898 Threshold for “Antique” Gun Exemption in the U.S.

Mr. Rawles: I have read your FAQ about Pre-1899 firearms being classified as antiques and exempt from some of the Federal regulations. The 1894 Winchester 30-30 serial number exempt at that time [that you wrote the FAQ] was below 147685. Mine carries serial # 165559. Would it now be exempt since it is [now] 2007? Thank you, – Eleanor JWR Replies: Sorry, but the “antique” threshold has been frozen at Dec. 31, 1898, ever since passage of the U.S. Gun Control Act of 1968. That defies common sense, but that is the law in the United States. The frozen legal …

Odds ‘n Sods:

From RBS: The history behind “political correctness”    o o o has a fascinating links page on various disasters   o o o RCP sent us this, but it hardly comes as a surprise: Japan is considering selling some of its US Dollar reserves.    o o o I heard that J&G Sales in Arizona has some .303 British surplus ammo now in stock. It is POF surplus ammo, with a FMJ bullet, brass case, packed in 32 round boxes or 768 round cases.

Jim’s Quote of the Day:

"Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them, and these will continue till they have been resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they suppress." – Frederick Douglass