More from economist Marc Faber’s recent speech: ‘Doom and Gloom’ has just begun. And at the risk of exceeding your maximum daily dose of Gloom and Doom, consider this article sent in by RBS: US Fed releases [another] $200 billion as credit crisis hits new depths. And for the icing on the cake, The New York Times ran this: Seeing an End to the Good Times (Such as They Were). A key data point mentioned in the article: “The median household [in the US] earned $48,201 in 2006, down from $49,244 in 1999, according to the Census Bureau.” OBTW, that $49,244 figure would equate $62,395 if adjusted for inflation! So now we can plainly see that the recent “boom” was entirely financed by debt. The magic money machine fell apart when house prices started to decline. Folks can no longer use their homes like ATMs. The party is over, America.
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Eric sent us this: A Global Need for Grain That Farms Can’t Fill.
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I heard that Rob at MURS Radios now has the Dakota Alert MURS Alert Motion Activated Transmitters (MAT) in stock. The special SurvivalBlog price is $119 each plus shipping. They offer an additional 5% discount if you purchase three or more MAT units. The also sell the MURS Alert base station ($69) and hand held units ($74).
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Another from Eric: Cattle theft still plagues ranchers. Eric’s comment: “An interesting article, especially for folks who aim to be prepared and live at their retreats where they keep cattle. As the economy continues is precipitous decline and food, fuel and just about everything becomes more and more expensive I suspect that cattle rustling will become more pervasive. If things do head south really fast we may start hearing of ranchers shooting rustlers ala the wild west. After all these are folks that are stealing your families ability to survive in a grid down situation.”