Day: December 21, 2007

Two Letters Re: Wider Implications of the Credit Crunch

Sir, I read your piece on the credit crunch, and believe it or not, it gets worse. Morgan Stanley not only took a $9.4 billion dollar hit, they shored up their books by getting a $5 billion dollar infusion of capital from the Chinese! They received a 9.9% share of the company in return. The same Chinese fund has also propped up the Blackstone Group, a private equities firm. – Tim R. Mr. Rawles: I don’t understand what all this credit and financial news means to us poor folks who don’t have any investments to lose. I have a tiny …


Letter Re: Thinking Like an Infantrymen or Thinking Like a Frontiersmen

Jim: I read a post about this a while back and it sort of stuck in my head. It did make a lot of sense. What exactly does it mean to plan like a frontiersmen mean versus plan like an infantrymen? The biggest areas that stuck out were resupply, weapons, numbers, static defense, and caches. Infantrymen can almost universally depend on getting resupplied within 12-to-48 hours if they run low on ammo or anything else. Survivalists or frontiersmen do not have this luxury. Which means two things, first stock up on as much ammo as you can afford and use …


Weekly Survival Real Estate Market Update

St. Maries, Idaho and Snow Country Logistics Today we take a quick look at St. Maries, Idaho, located an hour or so south east from Coeur d’Alene and an hour and a half from Spokane, Washington. The first noticeable thing about the town’s geography is that it is on the south east side of Lake Coeur d’Alene which provides a natural barrier from possible refugee paths from Seattle and Spokane. But it is also still in reasonable commute distance to the Coeur d’Alene and Spokane area for work until a SHTF or TEOTWAWKI event. The icing on the cake is …


Odds ‘n Sods:

Several readers sent us this one: Morgan Stanley Issues Full US Recession Alert. I could see why it looks like a recession to them…. Stephen in Iraq sent us this: $9.4 Billion Write-Down at Morgan Stanley–the firm reported the first quarterly loss in its 72-year history. Meanwhile, we read: Bear Stearns Posts 4Q Loss—the first loss in its 84-year history. Wow, they both made it through the Great Depression without posting losses. But now they are in the red. Billions of dollars in the red. We are experiencing times that are unprecedented within living memory.    o o o Thanks …