Month: March 2008

Getting it All Together, Or, The Worst Pencil is Better than the Best Memory, by Sled238

If you are even moderately past the first stage of becoming prepared, you have (or will have) the experience of finding things you had forgotten you had bought. Yeah, Christmas! I thought, until it occurred to me that if I had needed that item really, really badly, I would have just screwed up, big time. Cancel Christmas. After the third – or was it sixth? – time reading “Patriots: Surviving the Coming Collapse”, it occurred to me there was one thing I wish had made it into the book: the Gray’s notebook. Their preps notebook, to be more specific. Only …


Odds ‘n Sods:

The recent dip in precious metals prices is a buying opportunity for those of you that thought that you had “missed the boat.” Market analyst Adam Hewison suggests that there might be further pullbacks on the spot price of gold to $855 or perhaps even $750. My reaction? Great! A “full Fib” retracement presents a great short term buying opportunity in what will otherwise be a long term bull market.    o o o Two months ago, a few readers chided me for being too harsh in my criticism of gadget-oriented “Mall Ninja” survivalists. This auction listing shows exactly what …


Jim’s Quote of the Day:

"The militia is the natural defense of a free country against sudden foreign invasions, domestic insurrections, and domestic usurpation of power by rulers. The right of the citizens to keep and bear arms has justly been considered, as the palladium of the liberties of the republic; since it offers a strong moral check against the usurpation and arbitrary power of rulers; and will generally … enable the people to resist and triumph over them." – Supreme Court Justice Joseph Story, "Commentaries on the Constitution of the United States", Vol. 3, pp. 746-7, 1833


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



Guest Editorial: Honey, I Vaporized My Customers, by John Mauldin

By now, everyone knows that the subprime crisis started with non-existent lending standards which resulted in the large numbers of foreclosures we are seeing today. Those foreclosures will be rising throughout the year. We are not near anything like the top of the rising number of foreclosures. Ben Bernanke said last July that losses from the subprime would be in the $100 billion dollar range. True confession. I think I wrote six months earlier that it would be $200 billion. I point that out to make the point that I am an optimist by nature. The latest “bidding war” number …


Letter Re: Forever Postage Stamps as an Inflation Hedge

Sir; You have written favorably of the US Postal Service Liberty Bell (“Forever”) stamps. Short history: The US Post Office Department was reorganized and became the US Postal Service effective July 1971. Employees of the Post Office then became employees of the Postal Service, but saw no changes in their paychecks. They looked the same. More recently, the Postal Service has likely accumulated significant cash from selling the “Forever” series. The government’s pledge is that the stamps will henceforth be honored as postage without supplement……no more adding one or two cent stamps’ postage (or more) to the already purchased forever …


Odds ‘n Sods:

J. Ross sent us some serious Gloom und Doom: Fed Heads Back to the Well, Will It Run Dry?    o o o Trevor flagged this piece at WND: Fed abandons dollar in new round of rate cuts–Reacts to fall of investment giant Bear Stearns, Carlyle Capital Corp.    o o o Mark recommended the rifle muzzle brakes made by OPS. We have had the muzzles of all of our .30 caliber bolt actions threaded 1/2-28. That is the same thread used on many flash hiders (such as AR-15, M4 and AR-10.) Our preferred flash hider is the Vortex Model …


Jim’s Quote of the Day:

“The first information survival skill we all need is the ability to decode propaganda and demythologize the highly commercialized and entertainment-based U.S. culture. Psychologists politely call it ‘resistance to enculturation.’ Writer Ernest Hemingway had a less elegant term: ‘cr*p detecting.’” – Karl Albrecht, article in Training and Development magazine, February 2001.


Hedge Fund Redemption Suspensions–Tax Bills are Adding Insult to Injury

You’ve probably read about the seven Hedge Funds controlling $5.4 Billion have been forced to liquidate or suspend redemptions in the past month. Many of their investors had been leaving their full principal intact, quarter after quarter. In many many cases they want to continue to “let it all roll”, so they then used other funds to pay the tax bills on their hedge fund earnings. But now, with redemptions (cash outs) halted, not only will they lose most or all of their principal, but they must also pay the 2007 income tax on the “gain” for the calendar year. …


Five Letters Re: Battle Rifle Recommendations for a Californian

Mr. Rawles: One way that U.S. citizens can still get M1 Garand rifles at reasonable prices is via the DoD‘s Civilian Marksmanship Program (CMP). M1 Garands are available starting at $445 + shipping. (I believe the Field Grades to be best choice for practical use rifles–$495) M1 Carbines are available for $419 + shipping and up. [JWR Adds: I do not recommend M1 Carbines, because they are chambered for an anemic cartridge. The .30 US Carbine is not a reliable man stopper!] .30-06 military surplus ammunition in clips, bandoleers and sealed cans, for $200 per case of 768 rounds. Requirements: …