Mark R. and Eric both highlighted this: Depression Possible: Canadian Prime Minister. And Eric also sent this big raft of economic news: Calpers to Report Losses of 103% on its Residential Investments — Forecast: A Long, Cold Winter — HUD Chief Calls Aid on Mortgages a Failure — 55% of SoCal house sales were foreclosures — Foreclosures push So Cal house prices down 35 percent — Fed now lending money for 0% interest — Banks Show No Signs of Easing Credit in Step With Feds Rates — FDIC rules will ban new banks — Goldman Sachs’ Tax Rate Drops to 1% — Bonds Stagnate on Mind-Numbing Housing Data — The Great Unraveling
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Just a few days left! More than 400 SurvivalBlog readers have bought Foodsaver vacuum packers at the special December sale price. We get a little “piece of the action” for each one that is sold. So this a is a great way to save money and to support SurvivalBlog! Don’t miss out on this sale! You can buy a FoodSaver v2830 for $59.99 (originally $169.99) with free Standard Shipping for orders over $100, directly from FoodSaver.com.Use code L8FAV28 at checkout. This offer is valid during the month of December, or while supplies last. By buying foods in bulk and re-packaging them in more handy (single meal size) vacuum bags, you can save a lot of money on your grocery bill. Buy a FoodSaver. You’ll be glad that you did!
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Scott D. forwarded us this commentary by Richard Russell: Warren Should’ve Listened to Daddy Buffett. Scott’s comments: “Please don’t think I’m forwarding this article as information related to Investing; it’s not. The first part of this is pretty typical stuff – the second part is what I thought was interesting and worth marking. Howard Buffett (Warren Buffet’s father) was a congressman. Maybe he was caught up in the post WWII hysteria and the newly developing cold war and wrote this simply reflecting that mentality and isn’t particularly relevant. So maybe this “prebuttal” contrasting the Father’s opinion to his son Warren’s later opinion that the metals have no utility is just a bad comparison taken out of their respective contexts. I don’t know. But what got my attention though was that Richard Russell thought it was notable and worth writing now. What’s up with that? Maybe it’s nothing. I hope so.”
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There are just four days left in BulletProoofME’s SurvivalBlog-only special. The 30%-off special is $580 for the mil-spec Interceptor Outer Tactical Vest. The similar sale that they ran last year for SurvivalBlog exceedingly large response. This special pricing is only available because of a military contract overrun. Note that they are running low on inventory this time around. All items will be first come, first served. The sale ends at midnight on December 22nd.
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Geoff flagged this ominous news: Chrysler to idle all factories for at least a month. Hmmmm… Lack of financing was blamed. As I warned SurvivalBlog readers back in October: “At present, the global credit market is frozen solid. More than anything, it resembles a Wooly Mammoth that was suddenly frozen stiff with clover grass still in its mouth. Applying CPR won’t help the beast. But Ben Bernanke and Congress are still doing their best to resuscitate it, putting on a good show for the public…”