Year: 2009

Economics and Investing:

From Ben M.: Bad news for GM; China ‘to block’ Hummer takeovei Currie and GG both sent us a link to a piece over at Zero Hedge: Here Comes Russian Bank Nationalzation “Russia is considering a banking bail-out that will go further than measures taken by the US, as fears grow that bad loans could paralyse the economy.” Oh, by the way, GG dubbed the Russian bailout “The MOABsky” David R. flagged this data point: Dresdner Kleinwort Securities Withdraws as Primary Fed Dealer. David’s comment: “This is important because being a primary dealer was the equivalent of having a license …


Odds ‘n Sods:

Reader “PD” pointed me to an interesting video segment on Russian survivalists.    o o o FG mentioned a great news segment about an 89 year-old woman and her 1964 Comet that she has driven 540,000 miles. FG notes: “She even drove herself alone to her 70th class reunion, a 3,000 mile trip! She also knows how to protect herself on her long journeys. (Check out what she carries in her handbag!)” JWR Adds: This octogenarian demonstrates the virtues of both good preventative maintenance and situational awareness!    o o o H.O.F. e-mailed me to mention that all 36 episodes …


Jim’s Quote of the Day:

"The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations, thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper money can not be relied upon to keep the circulating medium uniform in amount. In times of prosperity, when confidence is high, they are tempted by the prospect of gain or by the influence of those who hope to profit by it to extend their issues of paper beyond the bounds of discretion and the reasonable demands of business; …



Security at Places of Worship: More Than a Matter of Faith, by Scott Stewart and Fred Burton

In recent months, several high-profile incidents have raised awareness of the threat posed by individuals and small groups operating under the principles of leaderless resistance. These incidents have included lone wolf attacks against a doctor who performed abortions in Kansas, an armed forces recruitment center in Arkansas and the U.S. Holocaust Memorial Museum in Washington, D.C. Additionally, a grassroots jihadist cell was arrested for attempting to bomb Jewish targets in the Bronx and planning to shoot down a military aircraft at an Air National Guard base in Newburgh, N.Y. In addition to pointing out the threat posed by grassroots cells …


Letter Re: Last Minute G.O.O.D. Versus Well-Considered Early Relocation

James – We think along similar lines, as my wife and I relocated to Central Idaho in 1995, raising and homeschooling our four children here. We’re electrically functioning off the grid, engage in animal husbandry, grow what vegetables we can, and stock up on essentials we cannot produce and always meticulously rotate the stock. And we hunt, big time. I read the entry on your site today about the fellow who intends to travel ore than a thousand miles in a blink of an eye, and use this blur to make a life-changing decision based on distorted glances at sixty …



Economics and Investing:

Dennis flagged this: Regulators shut 5 banks; 45 failures this year. From Dr. Housing Bubble: Alt-A and Option ARM Economic Disaster Update: California Solution? Ben M. sent this: China argues to replace US dollar Qantas cancels Dreamliner order Items from The Economatrix: Financial Crisis Considered Top “Security Threat” to US “…the most immediate fallout from the worldwide economic decline for the United States will be “allies and friends not being able to fully meet their defense and humanitarian obligations.” [Blair] also saw the prospect of possible refugee flows from the Caribbean to the United States and a questioning of American …


Odds ‘n Sods:

This has “arbitrary enforcement ” written all over it: Alberta police can now seize armoured gang vehicles.     o o o A Fraud Bigger Than Madoff “In what could turn out to be the greatest fraud in US history, American authorities have started to investigate the alleged role of senior military officers in the misuse of $125 bn (£88 bn) in a US -directed effort to reconstruct Iraq after the fall of Saddam Hussein.”    o o o I tend to downplay American politics in my blog , since I have a worldwide readership. But the recent Democratic Party pushes …



Note from JWR:

Today we present another entry for Round 23 of the SurvivalBlog non-fiction writing contest. First Prize: A.) A course certificate from OnPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day OnPoint courses normally cost between $500 and $600, and B.) Two cases of Mountain House freeze-dried foods, courtesy of Ready Made Resources. Second Prize: A “grab bag” of preparedness gear and books from Jim’s Amazing Secret Bunker of Redundant Redundancy (JASBORR) with a retail value of at least $350. Third Prize: A copy of …


The Survivalist’s Guide to Martial Arts, by “Brick”

There is focus placed on proper firearm training and the most appropriate weapons to have for various scenarios – and rightfully so.  But equally important is the ability to defend yourself in a situation when you are unarmed.  For example, in my state, even though I am licensed to carry a concealed weapon, legal restrictions prevent me from carrying most of the time.  For example, any business can post a sign forbidding concealed weapons on their premises, as my place of employment has done.  Also, firearms are not allowed in any place licensed to serve alcohol.  Fine, you might think, …


Letter Re: Keeping Cash On Hand–A Lesson Learned

Dear Jim, I didn’t need a major nationwide SHTF moment to learn a lesson this week. (Why didn’t I listen to your advice before this happened!) On the 15th, someone intercepted my new debit card before it reached my mailbox and cleaned out my checking account at a gas station in another state at 3:00 AM. I didn’t have much in there, as it went into overdraft, but it was all I had and I needed it to get to the end of the month. When the bank called at 10:00 AM, I assured them it wasn’t me who overdrew …


Letter Re: Dealing With Local Building Inspectors

Mr. Rawles, [To follow up on TANSTAAFL’s letter,] I have worked for several engineering firms as a GIS technician, then manager. Counties will advertise when they will be re-flying parts or all of the county. Most county engineers, auditor, or Property Valuation Administrator (PVA) offices will tell you what the schedule for mapping is out a couple of years (usually the department in charge of tax assessments). A give away that it is happening is when you see large X’s painted in intersections with a metal spike sunk in the middle of the X (these are control points), with survey …


Economics and Investing:

GG sent us this: Is inflation our next big worry? Don’t let the rally fool you: Insiders Exit Shares at the Fastest Pace in Two Years (Thanks to Karen H. for the link.) Here is a quote: “If insiders are selling into the rally, that shows they don’t expect their business to be able to support current stock- price levels,” said Joseph Keating, the chief investment officer of Raleigh, North Carolina-based RBC Bank, the unit of Royal Bank of Canada that oversees $33 billion in client assets. “They’re taking advantage of this bounce and selling into it.” Also from Karen: …