Day: September 21, 2007

The Fed’s Monetization Madness: A Word of Warning

I’m sure that most of you remember back in the first week of August when CNBC market analyst Jim Cramer was screaming hysterically: “Open the discount window!” Well, it seems that Bernanke and Company have done exactly what he asked. As of the past week, commercial banks are now taking $2.7 billion in loans per day from the Federal Reserve discount window. With just this lending from the discount window, the increase in the U.S. money supply has jumped to an annualized rate of more than 50%! I’ve said this before: The biggest red flag imaginable for pending economic catastrophe …


Letter Re: Build-it-Yourself Reflux Alcohol Still Plans Available Online

Mr. Rawles I’ve found the discussion of alcohol power and stills very interesting. Building a still has been something on my list of things to do, but I never seem to get around to making it happen. Here’s a link to [a PDF of] the [still building] plans I’d like to follow. The plans are concise, relatively simple and, best of all, free. I think the web site says you can build one of these for about $65, less if you have access to an inexpensive stainless steel milk can.- Tim R.



Weekly Survival Real Estate Market Update

The window is opening, but only for a short time. Consider the life expectancy of King and the Peasant, in times of great peril. Does it really matter who you are, financially? Sure, but not if you’re on the Titanic. You see, there are those out there both rich and poor that take their preparedness seriously, whether they research skills and topics till dawn’s early light or proactively practice with their supplies and equipment, but it will be all for not, because they are sailing on the Titanic. The only difference is the cost of their cabin! But either way …


Odds ‘n Sods:

Joe. P. picked up (via The Drudge Report) an interesting article about the ongoing oil drama that predicts crude oil at perhaps $100 per barrel    o o o Stephen in Iraq flagged this one: Morgan Stanley Profit Drops After Losses on LBO Loan    o o o After seeing my recent reference in the blog about the implications of the declining dollar, reader S.K. e-mailed me to mention that CDNN Sports recently received a large shipment of both Kahles scopes and binoculars, which are made in the Swarovski plant. Luckily, the pricing was set before the recent dollar exchange …


Jim’s Quote of the Day:

“Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.” – William Lyon Mackenzie King (1874-1950) Prime Minister of Canada, 1935