Day: February 28, 2008

Are Simultaneous Inflation and Deflation Possible?

I often have friends and clients ask me how I can talk about inflation and deflation in the same breath. They’ve asked: “But I thought that inflation and deflation were contradictory. How do you think that we could experience both inflation and deflation at the same time?” Let me explain, starting with a bit of background: The fractional reserve banking system, based on usury, creates money. Here is a simplified example: Each time you deposit a $1,000 at your local bank, the bank then lends nearly all of that money out to someone else, charging interest. The bank holds just …


Letter Re: Building a Kalashnikov at Home

Dear Jim, As you know, it’s legal in America to build your own standard firearm for personal use [by manufacturing your own receiver.] One of the best ways to get a discreet, legal, off-paper SHTF rifle is an imported de-milled Kalashnikov (AK) kit, with a new, home-built receiver. Take a look at this web site. His heat treating and machine and tool instructions are accurate. This is the best site I’ve seen on the subject. I was able to tear down a Romanian kit and assemble a working AK in about 8 hours. Beginners will likely need a couple of …


Odds ‘n Sods:

Billy S. found this piece: Is Zimbabwe-style Inflation Coming to America? $500,000 for a cigarette?    o o o Courtesy of our friend Eric comes this from The Seattle Times: Wheat Hits Record on US Inventory Report    o o o PMac found us a “Fun little list of Dream BOVs“    o o o John S. suggested the economic commentary in video clip of Glenn Beck’s interview of Jonah Goldberg, the author of the book “Liberal Fascism”


Jim’s Quote of the Day:

"In our recent survey of the African battlefields, we discovered more positively every time that it was not Boer marksmanship that made the difference in those wars so much as Boer gun handling. Contrary to widespread belief, the Boers did not do significant damage at great range, but when they got into a firing position at a reasonable range, they shot carefully in order to hit rather than by volley [fire] in order to scare. It seems apparent that these men, while good shots, were not extraordinary shots. What matters is that when they came on to shoot they used …