Month: October 2008

Jim’s Quote of the Day:

“Using a television without an appropriate licence is a criminal offence. Every day we catch an average of 1,200 people using a TV without a licence. There is no valid excuse for using a television and not having a TV Licence, but some people still try – sometimes with the most ridiculous stories ever heard. Our detection equipment will track down your TV. The fact that our enquiry officers are now so well equipped with the latest technology means that there is virtually no way to avoid detection.” – from the official website of the British Television Licensing Authority, May …


Notes from JWR:

The high bid in the current SurvivalBlog Benefit Auction is now at $560. This auction is for a mixed lot that includes: 1.) A huge lot of DVDs, CD-ROMs and hard copy nuclear survival/self-sufficiency references (a $300+ value) donated by Richard Fleetwood of www.SurvivalCD.com 2.) A custom-made, fully-stocked EMS Medic Bag from Cajun Safety and Survival (a $212 retail value) 3.) A NukAlert radiation detector donated by at KI4U.com (a $160 retail value) 4.) A case (6 cans) of Mountain House freeze dried foods in #10 (96 ounce) cans donated by Ready Made Resources (a $160 value) 5.) An autographed …


The Financial Crisis Will Soon Abate, But The Real Crisis Will Soon Begin, by Steve Saville

In an essay first published in 1969 and recently re-published, Murray Rothbard summarizes the causes and cures of economic depressions by drawing on the Business Cycle theory developed by the great Austrian economist Ludwig von Mises. Here’s an excerpt from this essay: “Mises, then, pinpoints the blame for the cycle on inflationary bank credit expansion propelled by the intervention of government and its central bank. What does Mises say should be done, say by government, once the depression arrives? What is the governmental role in the cure of depression? In the first place, government must cease inflating as soon as …


Letter Re: Salt and Other Key Items to Store for Barter

Mr. Rawles: I recently stocked the salt supply to the point that I have barter material, purchasing salt for under a penny an ounce. That is a pretty good investment, if you ask me. I purchased four 25 lb. bags @ $3.99 each. Salt is going for between two and three cents an ounce in the supermarkets, but a local restaurant supplier had the bags on the bottom shelf. I will get more the next time I am there. And while I was on the salt kick, I got my first salt block for my supply, and also picked up …


Odds ‘n Sods:

Searching for an article on how to more quickly and effectively sharpen a chainsaw (mine always seems to be a rock magnet), I found a great article in Backwoods Home magazine: Ambidextrous chainsaw filing. (BTW, be sure to look through their big on-line archive of other free articles.) I also strongly recommend subscribing to Backwoods Home. It is one of our family’s perennial favorites!    o o o The latest harvest from our Economic Editor: Stocks Fall On Belief Global Recession Is At Hand — 25% to 30% of Hedge Funds To Disappear — Crude Oil and Gas Prices Tumble …



Note from JWR:

Today we present another Retreat Owner Profile, which will soon be added to the Profiles static page. BTW, we still have room for several more international profiles (outside the US). I am saving the last few slots in the US profiles section for people that have very unusual home/retreats. Perhaps someone that lives in an underground house, or someone that lives aboard a houseboat. If you decide to e-mail us your Profile, please closely follow the same format used in the the others. For your privacy, be sure change enough details so that your neighbors won’t recognize you. (You can …


Retreat Owner Profile: Mr. and Mrs. Dulce in Chile

70+ acre Chilean Retreat, plus a 1,500 acre cattle grazing permit. Ages: 43 and 41, and one child age 3 Background: Family is from upstate New York, dairy farmers. I grew up in NC, history major who went into the Army as an aviator. Spent time living, travelling, and working in over 50 countries. Separated from the army as a Major and went into investments. Retired to Chile in the 2000s. Why Chile? – Chile is the best kept secret in the world. A strong democratic country with five major political parties, Chile is very stable. Chile has lived thru …


Three Letters Re: The Savvy Barterer

Hi Jim: That first paragraph touched a nerve, because it was so truthful for me. My senior year in college everybody went to Ft. Liquordale. I went to Marrakech. Amazing experience. And boy did I get burned on some of the things I bought there. Some by as much as 1,000%. But the learning experience I came away with was priceless. The negotiation skills I learned there have become by far my most valuable business tool. That experience really made me think. On one hobby web site where I have collected much feedback my favorite one of all is “He …


Odds ‘n Sods:

Thanks to Mike C. for this article from Forbes: Abandoned Mine Exploration    o o o More Sturm und Drang from Cheryl: Fiscal Cat 5 Hurricane Warning — Asian Markets Drop — Dollar Roars Back As Global Debts Are Called In — UK Recession Fears Sparks Massive Sell-Off Of Sterling — Global Bank Lending Sinks To 30-Year Low — Demand For Gold Soars As Prices Tumble — World Markets On Edge — Credit Suisse Reports 670M Pound Loss — Nikkei Hits 5-1/2-Year Low — Wachovia Has $23.9 Billion 3Q Loss — Credit Crisis A Catastrophe For Auto Sales    o …


Jim’s Quote of the Day:

"If we find our government in all its branches rushing headlong… into the arms of monarchy, if we find them violating our dearest rights, the trial by jury, the freedom of the press, the freedom of opinion, civil or religious, or opening on our peace of mind or personal safety the sluices of terrorism, if we see them raising standing armies, when the absence of all other danger points to these as the sole objects on which they are to be employed, then indeed let us withdraw and call the nation to its tents. But while our functionaries are wise, …


Note from JWR:

Welcome to the thousands of new SurvivalBlog readers who’ve arrived after yesterday’s prominent mention of SurvivalBLog.com on MSNBC.The same mention also pushed up the Amazon sales rank of my novel “Patriots: Surviving the Coming Collapse” to around #800. (Out of more than two million books listed. Not bad for a novel that has been in print for 11 years!) OBTW, I’ve been getting dozens of e-mails from SurvivalBlog newbies, asking very familiar questions, such as: “What’s the safest area to relocate to?”, “How do I store rice to protect it from vermin?”, “What are the best things to keep on …


The Savvy Barterer–References, Skills, and Tools for TEOTWAWKI Barter

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One of my long-standing Precepts is that every prepared individual should be ready for both barter and dispensing charity. Today, I’ll be briefly discussing barter. Being ready to barter is not just a matter of having a pile of “stuff” to barter. While barter and charity logistics are important, what is even more important is what is between your ears. A Bazaar Experience Bartering takes practice. Dickering is an acquired skill. Short of buying yourself a plane ticket to Marrakech, I suggest that you start attending gun shows, garage sales, and flea markets. Learn how to haggle. One of my …


Four Letters Re: Currency Inflation Expectations for the US

James: The letter [from reader PNG] has severe mistakes and is fundamentally misleading – your readers deserve even more refutation before anyone is lulled into a false sense of security. To quote: “Let’s say the Treasury just invents another two trillion dollars by printing currency and forgiving loans. Let’s say they do that every year for the next five years. How much inflation would that create? The absolute maximum inflation rate from this example is about 20%, because there’s ten trillion dollars in circulation already.” These numbers are incredibly far off the mark. Actually M1 is the narrow definition of …


Odds ‘n Sods:

From Rick D.: Inflation Creates Run On Argentine Coins    o o o David in Israel, one of our foreign correspondents, and a rabbinical student sent us this comment: “It is interesting that you mention the shmita (the jubilee or yovel in Hebrew is a 49 year cycle where sold property is returned and slaves freed) a seven year cycle where all debts are forgiven, and at the end of the year that we let our fields lie fallow. The day of the 777.68 point Dow drop, the largest point drop in history, hit on the exact day that the …