Day: March 20, 2008

Flawed Oral Arguments in DC v. Heller

The press has been heralding the apparent agreement by the majority of supreme court justices in the recent oral arguments to DC v. Heller. that the Second Amendment confirms an individual right to keep and bear arms. This is good news, but I think that at least two crucial points were missed in the oral arguments. The arguments made by Mr. Gura, in my opinion, were a disservice to American gun owners and “the militia at large”. (Which consists of all male citizens age 17 to 45, per US Code Title 10, Section 311.) Gura discounts any Second Amendment protection …


Meet The Economic Collapse Family, by Will in Wyoming

In recent months, as he described America’s incipient economic peril, Jim Rawles has made references in SurvivalBlog.com to “The Mother of All Bailouts.” To illustrate the extent of the disaster that is awaiting us–I’d like to introduce you to the entire Economic Collapse Family’s cast of characters. This family is so large that I’ll use numerous analogies and, with apologies, some mixed metaphors. To include the full Dramatis Personae I’ll have to borrow from both The Addams Family, and The Munsters. My apologies to anyone that never saw these two TV shows from the 1960s. This will seem like gibberish …


Letter Re: More on the Emerging U.S. Grain Shortages

Jim: I was told by a local LDS Bishop’s storehouse that the church is out of white wheat and will no longer be providing it because they buy it and it’s simply too expensive right now on the open market. The wait time for [hard] red [winter] wheat orders is 3-to-4 weeks. Another LDS cannery in Utah is also out of several items that they typically have on hand. Get your food storage while you can. – Junior


Odds ‘n Sods:

A friend of ours is an investment banking consultant. He is currently engaged is raising cash to help salvage an ailing hedge fund. He said that he predicts that the vast majority of US hedge funds will go under in the next year. “The pressure from margin calls and [individual investor] redemptions will be unstoppable.” Of the nation’s top 150 hedge funds, he said, “nearly all will cease to exist in their present form.” He added that there are perhaps 12 hedge funds that are not publicly traded that might be spared the ignominious demise of their brethren.    o …


Jim’s Quote of the Day:

“The moment the idea is admitted into society that property is not as sacred as the law of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence. If ‘Thou shalt not covet’ and ‘Thou shalt not steal’ were not commandments from Heaven, they must be made inviolable precepts in every society before it can be civilized or made free.” – John Adams, A Defence of the Constitution of the United States Against the Attacks of M. Turgot, 1787