Conservative commentator Glenn Beck has followed up his recent economic analysis with this: What Can I Do to Prepare? [1] He stops short of suggesting full-scale survivalist preparedness, but he definitely goes far beyond FEMA [2]‘s “buy a flashlight and three days of food” claptrap, or the standard Nanny-Stater’s “Hold hands, sing Kumbaya [3], and dial 911 if there is trouble” approach.
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Steve Quayle [4] had a link to this important London Telegraph article: Europe stuns with €1.5 trillion bank rescue, as France plays role of saviour [5]. Steve also had a link to this blog commentary: The Next Derivatives Bloodbath: Insurance and Auto Makers [6]
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Over at Backwoods Home, Massad Ayoob chimes in with an endorsement of the Savage Model 110 / Model 10 series rifles [7]. FWIW, I’m also an enthusiastic Savage bolt action shooter. These are very accurate and reliable rifles that are quite economically priced. (We have a fiberglass-stocked Model 10 chambered in .308 Winchester here at the Rawles Ranch [8].)
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I’ve had two dozen e-mails from readers in the past few weeks, concerned about an active US Army brigade being tasked with homeland security response [9]. While there are no immediate concerns about martial law (consider that this is 3,000 soldiers in a nation of 300 million well-armed civilians), the whole concept frosts me. The use of Federal troops for civilian law enforcement would clearly be a violation of the Posse Comitatus Act [10]. If you are also concerned about this, then please contact your congresscritters [11], and give them a piece of your mind.
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More economic news and commentary, mostly from Cheryl. First, in Mish Shedlock’s blog: EU Calls For Summit To End Bretton Woods [12] — Dow Swings Widely On Mixed Earnings Data [13] — GM To Layoff 1,600 Workers In Three Factories In Coming Months [14] — Paulson Regrets Economic Mistakes [15] — Markets Slump As World Girds For Recession [16] — Japan Dismisses US Bailout As “Insufficient” [17] — UBS and Credit Suisse Bailout Out [18] — Merkel: World Faces Biggest Crisis Since 1920s [19] — Crisis Grows: Ukraine, Hungary And Serbia Call IMF [20] — Markets Feel The Chill From China [21] — Oil Under $68–15-Month Low [22] — Recession Fear Drives Up Grain Prices [23] — Cracks In Rescue Armor As Nightmare Continues [24] — Roubini: Largest Bubble Burst In History [25] — Stock Market Crash Alert! [26] — At Indian Call Centers: A Bleak View Of The US [27] — Dow Ends Up 400 Points [13] — Fear and Loathing of Economy Spreads [28]