Year: 2009

Economics and Investing:

KT sent the link to an absolutely hilarious British music video parody on YouTube: Bohemian Bankruptcy (Warning: There are a couple of crude moments, so this is not for the kids!) Reader Tom. L. sent this: London Officially Dethrones New York as World’s Financial Capital Pat G. flagged this: Big California Bank Fails, Has Two Chinese Branches (Five more US bank failures were announced Friday) British Airways Makes Record Loss, Cutting 3,000 Jobs. (Thanks to Tom in Essex for the link.) Items from The Economatrix: Commentary from Doug Casey: Why Gold Has a Long Way to Go Clunker Data Shows …


Odds ‘n Sods:

Brits put Cold War bunker on preservation list: U.S.-built fortress left obsolete by fall of Berlin Wall becomes landmark. (Thanks to Mike H. for the link.)    o o o Do you have one of those great folding bicycles? Now you can get a collapsible cargo trailer, to go with.    o o o Josh in Chicagoland flagged this: Computer meltdown creates traffic-light chaos in Montgomery. Josh’s comment: ” This shows just how fragile our way of life is – one computer goes down causing gridlock! This should be an eye-opener and stress the importance of having alternate routes for …



Notes from JWR:

I just heard that Brent S. (the author of the recently-posted letter “Preps and Minimizing My Debts Paid Off When Unemployed”), has been awarded a free “Rawles Gets You Ready” family preparedness course binder and audio CD. The special “Inspiration Award” was made by Jake Stafford, of Arbogast Publishing. Speaking of the course, a special 33% off sale began Friday evening. The first few hundred people that order will also receive a complimentary copy of my new bestseller nonfiction book, “How to Survive the End of the World as We Know It”, so order soon. Because of the heavy demand, …


Survival Preparation on Low or Fixed Incomes, by Shawna M.

So you’re convinced that the free ride is over, that things are getting worse, and when the worst happens, you want to be prepared. But you have a problem—you don’t have a lot of money for prepping and day to day living. Maybe you only make minimum wage. Maybe you make a little more than that, but you’ve got a lot of bills. Maybe you live on a fixed income, or have irregular self-employment. Regardless, don’t assume because you can’t afford expensive classes or pricey gear that WTSHTF, you’ll be unable to fend for yourself and your family. My husband …


Letter Re: Once a Prepper, Always a Prepper

Mr. Rawles, The following describes my background and how it shaped me. My Parents’ Influences My parents were from the south (Eastern Tennessee) They were also children of the Great Depression, their families were farmers and it was normal to prepare for winter or hard times. Both my parents could can food, especially vegetables and fruit. My father was an avid hunter and trapper. I learned from a young age from my parents, never take anything for granted, prepare for good and bad times. My Childhood My parents moved to Ohio for work, where I was born. I spent my …


Economics and Investing:

Alex C. sent us this: Gold Jumps to Record Above $1,100 On U.S. Interest-Rate Outlook Get Ready for 14 Percent Unemployment. (Thanks to Bobbi-Sue for the link.) Items from The Economatrix: Gold Jumps to Record Above $1,100 On U.S. Interest-Rate Outlook Productivity Surge Signals Job Growth to Follow Productivity Gains May Be Bad News for Job Seekers Stocks Jump as Jobs, Productivity Data Improves Mood October Sales Offer Relief to Merchants Congress Set to Extend Homebuyer Tax Credit Initial Jobless Claims Fall More than Expected Jobless Rate Surpasses 10%, First Since 1983 Wholesale Inventories Fall, Sales Grow in September


Odds ‘n Sods:

Important Safety Tip: Don’t sleep in bear’s den. Bear kills militants in Kashmir.    o o o Don T. suggested this: Farmers growing electricity along with their crops    o o o The spin-meisters are at it again! Here is an update on the Jordanian-American terrorist gunman at Fort Hood, Texas: Now they’ve stopped calling it “Post-Traumatic Stress Disorder” since he had never been deployed to Iraq! Well, perhaps “Pre-Traumatic Stress Disorder”? Or, since Major Hasan was a psychiatrist with the US Center for the Study of Traumatic Stress, perhaps his case should be labeled: “The Stress of Studying Post-Traumatic …


Jim’s Quote of the Day:

“I am being unfairly accused. Time will prove that I have done nothing wrong, and I am confident that I will be found innocent of these charges.” – Mayor Sheila Dixon, in her blog on January 10, 2009. (Her trial on a dozen theft, corruption, perjury and bribery charges is scheduled to begin on November, 9, 2009. Two others implicated have already pled guilty, and are cooperating with prosecutors in Dixon’s case. Dixon is a member of the controversial Mayors Against Illegal Guns Coalition.


Letter Re: Preps and Minimizing My Debts Paid Off When Unemployed

Dear Mr. Rawles, With all the bad news reported every day and your personal heartbreaks I hope I can reassure you about our future just a little by sharing my story with you. I started reading your blog three years ago, during the good times. I’m a 23 year-old man from the liberal north east, some college under my belt, married, and willing to dig in and work to secure my family’s future. I had a good job with a subsidiary of a major european telecom, I worked every hour of overtime I could and pushed myself to excel at …


Letter Re: Book Recommendation: “Possum Living”

Dear James Wesley, In October 1978, with a seventh-grade education, 19-year-old Dolly Freed published a book called Possum Living: How to Live Well Without a Job and with (Almost) No Money, about the five years she and her father lived off the land on a half-acre lot outside of Philadelphia. The two of them lived in a renovated gas station bought “free and clear” in foreclosure for $6,100; they raised rabbits for slaughter in their basement and obtained the rest of their food by growing it in their garden and fishing in local creeks; neither chose to hold a job …


Two Letters Re: How to Capitalize on Urine, Car Batteries, Wood Ashes, Bones and Bird Schumer

Jim: Car batteries are designed for one thing and one thing only – delivering a bunch of power for a very short period of time. Said time is measured in seconds, not minutes, hours, or days. I have been living “Off the Grid” for fifteen years, and can assure your readers that vehicle batteries can only handle 3-5 complete discharges before they are useless, i.e., after but a few discharges they cannot be recharged and expected to hold said charge. Ergo, they are the wrong choice for any task where discharge exceeds the constant charging input into the battery. They …


Economics and Investing:

Regular contributor GG flagged this piece from Zero Hedge: Fannie Mae Seriously Delinquent Rate Hockeysticks to 4.45% From 1.57% In Prior Year M.M. in Utah suggested this piece by Eric Sprott and David Franklin in Markets at a Glance: Dead Government Walking Karen H. sent this: Profit ‘Not Satanic,” Barclays Says Also from Karen H.: ADP says U.S. Companies Cut an Estimated 203,000 Jobs in October Items from The Economatrix: Gold Extends Record High on India Purchase US Service Industry Expands Less than Forecast Rogers Says Roubini is Wrong US Home Price Slide to Continue to Mid-2010 [JWR’s Comment: Gee, …


Odds ‘n Sods:

Rourke suggested this article: What Survivalists Have Right    o o o Reader Jim S. suggested this mainly humorous piece: 12 places to go if the world goes to h***    o o o Bob B. found an essay titled: Why Bother? (To Prepare) Bob says: “It underscores the fact that preparing significantly alters your mindset, which might turn out to be the most valuable preparation of all.”    o o o “Straycat” sent us this: Water rationing for Venezuela’s capital city. Have you bought a Berkey or Katadyn filter for your family yet?