Day: September 4, 2010

Note from JWR:

Today we present another entry for Round 30 of the SurvivalBlog non-fiction writing contest. The prizes for this round will include: 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 assorted entrees, in #10 cans, courtesy of Ready Made Resources. (A $392 value.) C.) A 9-Tray Excalibur Food Dehydrator from Safecastle.com (a $275 value), D.) A 500 round case of …


How I “Woke Up”, by Lew B.

The biggest reason most of the folks we come across in our daily lives have no idea what is coming (the basic collapse of the American infrastructure) is the fact that they are “still sleeping.”  The iPods, Lady Gaga, American Idol, and You Tube silliness all work well to keep the masses sleeping.  This might be a good thing, in a way.  If nothing else, it buys the rest of us time to continue to prepare.  And if enough people do wake up, it will actually accelerate the inevitable.  But that is okay, since it is going to happen anyway.  …


Letter Re: The Correlation Curse

May I recommend the article titled The Correlation Curse by Howard Hill? Mr. Hill explains in very simple terms why, during a meltdown itself, it is critical to not be in debt. His thesis is simple – during a collapse, the primary asset at the center of the collapse simply cannot be sold so people begin selling everything else to cover their debts. This includes gold, silver and precious metals and is precisely why precious metals will ultimately fall when the final collapse comes. Now the good point is that precious metals will rapidly regain their value on the other …


Economics and Investing:

G.G. sent this from Forbes: Bernanke Out Of Bullets But Not Bombs: Federal Reserve’s ability to buy assets and spark inflation is unlimited. Ambrose Evans-Pritchard reports: Société Générale tells clients how to prepare for ‘global collapse’ G.G. mentioned this guest article posted over at Zero Hedge: A Termite-Riddled House: Treasury Bonds Buried down in the fine print of the New York Times we read that the FDIC is $15.2 billion in the hole. But gee, who’s counting, and who cares, when Uncle Sugar can create unlimited money out of thin air? The Daily Bell asks: Bank Run 2011? (Thanks to …


Inflation Watch:

More about the inflation riots in Mozambique How Hyperinflation Will Happen The Federal Reserve reported that the M2 Money Supply expanded 5.3% in just three months from April 2010 to July 2010. And the M3? Who knows. They stopped compiling that data 2006, after it had become too embarrassing. Meat price surge fuels fears of food inflation News from Bangladesh: Food prices push inflation up again


Jim’s Quote of the Day:

“I think people are beginning to realize that this downturn in the economy has just begun. We are about three years into what will turn out to be a 20 year crisis, with no guarantee what survives. But something will survive, and a new day will dawn on this planet.” – From discussion forum post by The Unrepentant Cowboy (posted at Collapsenet)