Day: September 10, 2008

Notes from JWR:

Hey! I just noticed that we’ve surpassed 4.5 million unique visits. Thanks for spreading the word about SurvivalBlog! The high bid in the SurvivalBlog Benefit Auction is now at $550. The auction for a mixed lot that includes: Two cases of Mountain House freeze dried foods in #10 cans, (donated by Ready Made Resources–a $320 value), a NukAlert radiation detector, (donated by KI4U–a $160 value), a Wilson Tactical COP tool, (donated by Choate Machine and Tool Company, a $140 value), a DVD of 480 E-books on Alternative Energy (donated by WK Books–a $25 value). The auction ends on Monday September …


Letter Re: Should I Get a Bigger Property and a Bigger Mortgage?

JWR, I currently live in a crowded subdivision in a moderately nice house that is worth $240,000. We owe approximately $120,000 on it, and have $120,000 in equity. Based on much of what I read here, we were looking for a house with some land, and recently found one for $370,000 (it’s only 2.5 acres, but that’s much more than we have now). If we buy it we will owe $370,000 -120,000 = $250,000). I currently make around $120,000 per year, in a job in the medical field that should not be too hard hit by financial crises. So what …


Letter Re: Substantially Higher Food Prices at Warehouse Stores

Hi Jim, Yesterday I made my monthly or thereabouts pilgrimage to Costco to buy bulk items for our pantry and other needs. I immediately noticed that prices had gone up on just about everything. The 40 pound bags of Kirkland brand dog food (re-labeled Iams brand) had gone up from $19.90 to $23.64 which is about a 16% increase in price. The 25 pound bags of Indian long grain rice went for $20.00 to $24.00 – a 20% increase and other items here and there had gone up a dollar or two or three. While Costco continues to be a …


Letter Re: Observations on Empty Store Shelves in Louisiana

Mr. Rawles, I am an over the road truck driver and happen to be in Louisiana today. I have been to several stores in the southern part of the state and took note of what was in short supply. The shelves in the camping section were empty, they were out of water, generators, gas cans, coolers and frozen dinners. The frozen dinner thing I didn’t get, I figured they’d be short on canned or boxed food. Just stuff I noticed and thought I’d share. God Bless and I’ve been praying for your wife.- Vincent from Portland JWR Replies: Part of …


Odds ‘n Sods:

Reader I.T.N. wrote me to ask: “I noticed that [the base metal value of] a nickel is [down to] now 4.9 cents. (due to a sharp decline in nickel as of late) Do you think this is temporary, or should I begin to spend the milk jugs full of nickels I acquired.” I expect that spot price of nickel will rebound in coming months, as the US Dollar resumes its decline. With more rapid inflation looking likely, I expect that a US five cent piece will have a base metal value of 10 cents (twice its face value) within two …


Jim’s Quote of the Day:

“…we have the phenomenon called inflation which is the appearance of rising prices. I emphasis the word ‘appearance’ because in reality prices are not rising at all. What we’re seeing is that the value of the dollar is going down, that’s the real side of the equation. If we had real money based on gold or silver or anything tangible that couldn’t just be created out of thin air, it could be based on microphones, that they couldn’t just create with the stroke of a pen, you would see then that prices would remain stable over a long period of …