Jack B. recommended a very interesting series of video clips from a seminar presented by economist Don McAlvany [1].
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Today is the last day for BulletProofME.com’s special sale on Interceptor Body Armor and Kevlar helmets [2], just for SurvivalBlog readers.
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Facing a soaring trade deficit and 25% annual currency inflation, the government of Vietnam has just banned gold imports [3]. I guess that Vietnam’s bureaucrats failed Econ 101.The citizenry rushing toward the stability of gold isn’t the cause of economic trouble. Rather, it is a symptom of a horribly mismanaged currency. In the absence of national treasury restraint, it doesn’t take much for a troubled currency to tip over into something approaching Zimbabwean scale hyperinflation [4]. Our friends at The Daily Reckoning note that at last report, a pound of margarine cost 25 billion Zimbabwean dollars. But don’t blink. One rough estimate (based on the Rule of 72 [5]) shows that some consumer prices in the former Rhodesia are now doubling every 21 minutes.
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My recent mention of the possibility of looters using lightly-armored bulldozers prompted three readers to mention the 2004 “Killdozer” incident in Granby, Colorado [6]. A YouTube video clip [7] shows part of what happened. With that much armor, even AP [8] ammo would not be effective. Upon seeing the video clip, our #1 Son commented: “That shows that the Second Amendment has applicability to civilians owning RPG [9]s.”