Notes from JWR:

Several readers mentioned the video clip available of Sean Hannity’s recent special report: Urban Survivalists. OBTW, you will note that just over three minutes into the YouTube clip that Neil Strauss (the author of the poplar book “Emergency” ) displays his survival bookshelf a copy of “Patriots”. — Today we present a guest article by Axel Merk. Be sure to check out his new blog.




U.S. Dollar: the Good, the Bad and the Ugly, by Axel Merk

Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some sense of it. It’s usually more productive to look at what policy makers do rather than what they say. Having said that, this time around, the talk also speaks volumes. Notably, world leaders have expressed their concern about the U.S. dollar and a need to diversify, to reduce …




Two Letters Re: Escape From (Fill in Your City Here), 2009

Dear Jim:, All this recent discussion by SurvivalBlog readers about hot-wiring airplanes, and cutting fences and locks is missing some basic, well, let’s just say “applied ethics”. Recall the Golden Rule “Do unto others as they have done unto you”. Flip the situation around and look at it from the property owner’s view: How would you feel if you saw someone stealing your airplane? (Your life savings in an aircraft.) How would you feel upon noticing someone cutting the fence or gate that keeps your cattle off the road? Granted, in a life-threatening emergency you may morally take liberties with …




Economics and Investing:

KAF sent this from Newsweek: Making Sense of Stimulus Spending; How accurate is Obama’s claim of 150,000 jobs “saved or created”? Thanks to Douglas S. for sending the link to a lengthy speech by Dimitri Orlov: Definancialisation, Deglobalisation, Relocalisation. It is was a good and well-intentioned speech, overall, but there were elements that showed that Orlov still has a bit of residual Soviet Era collectivism that he needs to work out of his psyche. Oh, and by the way, I’m not giving up my well-provisioned bunker in an undisclosed location. (The Memsahib still jokes about doing a needlepoint that reads …




Odds ‘n Sods:

North Korea May Fire a Missile at Hawaii “…the South Korean government is bracing for ‘all possible scenarios’ regarding the nuclear standoff. The independent International Crisis Group think tank, meanwhile, said the North’s massive stockpile of chemical weapons is no less serious a threat to the region than its nuclear arsenal. It said the North is believed to have between 2,500 and 5,000 tons of chemical weapons, including mustard gas, phosgene, blood agents and sarin. These weapons can be delivered with ballistic missiles and long-range artillery and are ‘sufficient to inflict massive civilian casualties on South Korea.’”    o o …




Jim’s Quote of the Day:

‘There is an old song which asserts ‘the best things in life are free.’ Not true! Utterly false! This was the tragic fallacy which brought on the decadence and collapse of the democracies of the twentieth century; those noble experiments failed because the people had been led to believe that they could simply vote for whatever they wanted . . . and get it, without toil, without sweat, without tears.” – Robert A. Heinlein, Starship Troopers