Day: September 18, 2008

Notes from JWR:

It seems that we are now all in the insurance business. For a mere $85+ billion “loan”, the Federal Reserve–backed by the full faith and credit of the US Treasury–just became a 80% stakeholder in AIG, the nation’s largest insurance company. Hmmmm… Just as I warned, the Mother of All Bailouts (MOAB) has grown again. Methinks this is going to get a lot worse, before it gets better. Who will we bail out next? Chase Manhattan Bank? General Motors? United Airlines? Chuck E. Cheese? Hey, no prob, we’ve got a big checkbook. The sky’s the limit. We’ll just create the …


Letter Re: Silver Canadian Leaf Bullion Coins

Jim, I’m getting ready to add to my collection of gold and silver coins and wanted to bring up a perhaps significant point: American Silver Eagles have a face value of $1, whereas the equivalent Canadian coin (the 1 ounce Maple Leaf) has a face value of $5 Canadian – about $4.65 USD at the current exchange rate. The face value represents a built-in stop-loss should silver prices fall through the floor for any reason. At current prices, the face value of the Canadian caps your potential loss at slightly higher than 50% whereas with the U.S. coin you could …


Letter Re: A Recent Gasoline Shortage Underscores the Need to Be Low Profile

Sir: I’ve been a reader of your site for only about a year and consider myself a beginner-level survivalist. I’ve got the mindset and start of some basic short-term survival gear and knowledge, but haven’t been able to convince the wife to go all out yet. A few months ago, you had posted an article about keeping your level of preparedness secret from neighbors and I wasn’t sure why until recently. I live in Middle Tennessee, and although we are hundreds of miles away from Hurricane Ike, we experienced a short run on gas and spike in prices. Probably close …


Letter Re: Tropical Storm Ike’s Devastation Works its Way North to Ohio

Hi Jim, We live in Columbus, Ohio and had 76 m.p.h. winds on Sunday. We have been without power until late today. Our neighborhood looks like a war zone. Many trees on homes and in yards. There is some good news in that we shared our generator with neighbors. Others in the neighborhood were doing the same. Some of the kids set up a barbeque stand and were selling hot dogs and hamburgers for cost. This helped many to have meals. Everyone helped to clear trees and limbs from the roads and yards. Schools are still closed for Wednesday and …


Odds ‘n Sods:

Krys in Idaho flagged this one: Ike Holdouts To Be Forced From Home. Some comments from Krys: “This story shows the importance of two things: 1) Proper retreat location and2) Having multiple plans in place for multiple scenarios WTSHTF. Just because you plan to stay in place, doesn’t mean you’ll be able to.How many of these folks were perfectly able to weather the storm in place, but are being forced to move anyway, possibly at gun point? Food for thought.”    o o o Reader “M” sent us this: Money Market Fund Says Customers Could Lose Money. Money market accounts …