Note from JWR:

Today, with permission, we present a guest article by economist Richard Daughty (a.k.a. “The Mogambo Guru”). I have been a fan of his columns for many years. He has a hilarious writing style, with articles that are often peppered with The Mogambo Guru’s Gloriously Insightful and Articulate Whilst Jovial Acronyms De Jour (TMGGIAAWJADJ). I should also mention that I unashamedly filched one of his acronyms for my own use, changing it slightly to: Jim’s Amazing Secret Bunker of Redundant Redundancy (JASBORR).

Banks Are Suffering From Their Own Stupidity, by The Mogambo Guru

The first half of the year is over, and now all those brokerage accounts and retirement accounts will be sending out statements to hapless account holders, and it is bad news in spades. This is why (I assume) the Plunge Protection Team (composed of the Federal Reserve, the Treasury and bank insiders) tried to drive the stock markets up on Monday, June 30 – to make those account statements look not quite as bad, and, hopefully, prevent people from dumping all of their stock and bond holdings in a desperate attempt to save something before the whole idiotic, fiat-currency, unlimited-fractional-banking …

Letter Re: Advice on Relocation–A Reader Concerned About Local Racism

Mr. Rawles: I’m a single mother of an 11-year-old living in rural Colorado, with good food and supply stores. I share a house with another single woman who owns it, in a duplex apartment. We have wood heat and national forest out back. We have no firearms. I have no family and I’m on disability, but I have a registered nurse license and keep it up. I honestly do have a very hard time working a job, but would if I had to and realize it may come to that. I have been disabled since a car accident in 2004. …

Odds ‘n Sods:

Eric flagged this one: Britain urging return to wartime food frugality    o o o In doing research on dry climate gardening, Eric also came across a fascinating gardening technique called “Keyhole Gardening“    o o o SurvivalBlog warned you that this was coming: Fannie, Freddie shares in meltdown on insolvency fears    o o o Nate sent us the link to some commentary by Mark Gilbert at Bloomberg: Granddad, Tell How Capitalism Committed Suicide