Day: September 2, 2010

Letter Re: Returns on Investments

James: Being married to an accountant, former government financial inspector and a finance director for a company opened my eyes to the concept of getting a return for my investment. For large tangible items, that concept is important. Oh, I certainly could fill a wall with a 55 inch plasma television, but what do I get in return for that investment? A wannabe movie screen that has a limited lifespan and sucks a chunk of energy? Will it help my long term bottom line of being financially independent and ready? The idea of investing in tangibles in a serious downturn …


Letter Re: Recommendation for “The Hunger Games” Trilogy

Hi, I just recently found your blog, and it’s really useful. I’ve recently become interested in self-sufficiency, and it’s a great resource. I wanted to share a book recommendation that I think might be interesting to your readers, a book series called The Hunger Games, by Suzanne Collins. It is a trilogy of young adult novels about a little girl who lives under a completely authoritarian state. The state requires ‘tributes’ from all 12 districts, children from age 12-18, one boy one girl. All are put in an arena to fight to the death, to show how much power the …


Economics and Investing:

Gold Rallying to $1,500 as Soros’s Bubble Inflates. (Thanks to B.B. for the link.) From The Daily Bell: WSJ Discovers the Austrians & Boettke – but not the Mises Institute Mort Zuckerman bemoans BHO‘s band of fools: The Most Fiscally Irresponsible Government in U.S. History. (A hat tip to Patrick S. for the link.) Oregon man pleads bankruptcy fraud, hiding gold. Apparently, he failed Cache Construction 101. From K.A.F.: Problem bank list climbs to 829 Items from The Economatrix: Top Economists: The Second Great Depression Has Arrived Struggling Cities Shut Firehouses in Budget Crises Mish: 10 Leading Retailers Close Stores; …


Inflation Watch:

You’ll pay 6 to 7% more this weekend for your steak and hamburger. This one is from Pravda (so my usual jaundiced eye proviso applies) Doomsday Scenario: Food Prices to Shoot Through the Roof. Some more about the CPI hedonics trickery that I mentioned: Chris Martenson on fuzzy numbers. Reader Jim P. mentioned that his local politicos in the Shenandoah Valley are doing away with a decal but keeping the fee! County Decals No More; $20 Fee Will Appear On Personal Property Tax Bills JP Morgan: Food Prices Are Actually Rising, It’s Just That Retailers Haven’t Passed It On… Thanks …


Odds ‘n Sods:

My recent interview on Doc and Reginald Kaigler’s Watchmen podcast is now available via YouTube.    o o o LVZ in Ohio notes that there is a home brew Pelton wheel project described here: Micro-hydro Power Bucket.    o o o Rod McG. pointed to the BBC’s Dimensions web page as a useful tool for visualizing disasters.    o o o N.R.S. mentioned this opinion piece from a as Northern California newspaper: Maybe the NRA’s right to be paranoid.    o o o I noticed that Darrell Holland’s Long Range Shooting video is now available on YouTube. Buy a copy …


Jim’s Quote of the Day:

"A wayfaring man, traveling in the desert, met a woman standing along and terribly dejected. He inquired of her. "Who art thou?" "My name is Truth " she replied. "and for what cause, " he asked, "have you left the city, to dwell alone here in the wilderness?" She made answer, "Because in former times, falsehood was with few, but is now with all men, whether you would hear or speak." – The Fables of Aesop, Henry Altemus Company, 1899