Day: November 26, 2008

The Time Has Come to Cache Some Cash

Looking at the escalating global credit collapse it now appears to be precipitating global economic depression. I can foresee conditions in the United States getting far worse in the months to come. There is now a fairly high likelihood of a general banking panic, with a large number of bank failures. The next few years will most likely be marked by significant deflation, followed by a tremendous surge of consumer price inflation. (Much of the $7.7 Trillion in bailout money that Uncle Sugar has promised will be created via highly inflationary monetization.) As the Mother of All Bailouts (MOAB) grows, …


Letter Re: The Year Gift that Cards May Spell “Gotcha”

James, I stumbled over this, earlier this week, and I feel it may be of interest to you and your readers. Certainly, this warning needs to be passed around to as many as possible, here in the US. Many retail stores are planning on declaring bankruptcy after the holiday buying season is over. Many more are planning on closing down stores, once the holiday sales have emptied inventory. This means trouble for one of our newest ‘gift choices’, the Gift Card. Gift cards are not actual money. They are treated as “Unsecured Loans” from the purchaser, to the company who …


Two Letters Re: A Vehicular BoB

Jim: There was some interesting commentary posted to your blog about a vehicle bug out kit and how to keep your vehicle running during a time of troubles. Most of us concentrate on using the vehicle for a short period of time to get out of Dodge and then [if need be] plan on walking from there. I would suggest that we also look at using the vehicle as our bug out kit. At least at first when we have to get out quickly, and if we don’t have a longer term farm/ranch that we are planning on going to. …


Odds ‘n Sods:

Montana real estate agent Viola Moss sent us an interesting snippet from The Christian Science Monitor, that illustrates that while most residential real estate is going down in value, some agricultural rural real estate is going up: “Farmland is hot property these days. Nationwide, it is up nearly 9 percent from a year ago. Iowa farmland has increased in value 18 percent. South Dakota’s value has risen 21 percent. The rise reflects rising profits from agriculture. The use of corn to create ethanol has driven up the price of corn and beef cattle that feed on corn. The U.S. Department …