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.”
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Reader “M” sent us this: Money Market Fund Says Customers Could Lose Money. Money market accounts have long considered “ultra safe. But when even these are in peril, you know that something is horribly wrong with the financial markets. My advice: If you have any deposits in accounts that are not FDIC insured then shift them elsewhere, even if it means earning substantially less interest. In today’s economy you should be focused on safety, rather than maximizing your returns. (You should worry “not so much about return on investment as return of investment.”)
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Any SurvivalBlog readers that own a M1919 belt-fed (semi-auto or full-auto) have probably been feeling the pinch from the sharply higher ammo prices in recent months. It is well-known that you can convert these guns (originally designed to fire .30-06) to shoot 7.62mm NATO, .303 British, or 8mm Mauser (a.k.a. 8×57). But as I was wandering the Web today, I found a company called BarrelXChange. They now offer M1919 conversions to the Russian 7.62×39 and 7.62.54(r) chamberings! BTW, they also offer Uzi SMG conversions in some unusual calibers. Their Model 1919 conversion kits ar available via mail order, but to save on shipping, they’ll also be available at the Knob Creek Machinegun Shooting Event (October 10th 11th & 12th, 2008), at Dolf Goldsmith’s table. (Dolf is the gent that wrote the three volume book on Browning machineguns.)
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The crisis on Wall Street is now being felt all around the world: These four articles are just a brief sampling: China paper urges new currency order after “financial tsunami”, ECB doyen Otmar Issing calls crisis “extremely dangerous”, Panic as Russian market suspended , and Panic grips credit markets.
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Eric sent us several interesting economic news links: House prices to fall on liquidity concerns—U.S. Mortgage Rates May Wreak Havoc After Libor Gain—Pimco real estate fund tanks, and Americans Should Worry About Bank Deposits. Meanwhile Cheryl (our Economic Editor) sent us these links: Will AIG File $1 Trillion Bankruptcy?—AIG Death Would Be Far Worse Than Lehmans—A Global Fight Over Pieces of Lehman Bros.—FDIC Says Banking System “Safe and Sound”—Greenberg-Led AIG Investors Consider Taking Control, and Why the Fed Didn’t Cut the Funds Rate.