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Jim, Re the bank runs in the UK and warning about similar actions in the US: I don’t deal much with banks so I have a rather silly question to ask about this situation. If there is a run on a particular US bank that I happen to have accounts/cash in, what actually happens at the bank? Do they close the bank up completely? Can you still access your safe deposit box or is everything shut down? The reason I ask is that if I moved physical cash from my “electronic accounts” to a safe deposit box, will I have …
Jim, I don’t understand why the discussion on your blog regarding EMP assumes only ground based and aircraft altitude detonations. It seems to me an equally likely attempt will be a ballistic missile detonation at maximum altitude, such as with a Scud or Chinese one, launched from a freighter off the east or west coast of the US. Al Qaeda is known to own a fleet of freighters which are not well tracked (stolen in hijacks or even purchased outright). Iran, North Korea, Syria, and [Dr. A.Q.] Khan’s rogue network are all working hard to develop a nuclear capability and …
Thanks to RBS for sending this: U.S. Home Foreclosures Soar in August, Up 36 Percent From July, and Prepare for prolonged turmoil, says US Treasury Secretary. A comment from RBS: “Once again, we have to go aboard to get any [substantive] economic news.” o o o Chuck, Joe, and Nathaniel all forwarded us this one: Fears of dollar collapse as Saudis take fright. The article begins: “Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signaling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg …
“Do not ever make the mistake of thinking that the other guy is as bad a shot as your shooting buddies are.” – JC121, at TheHighRoad.org