Day: August 6, 2011

Notes from JWR:

Flash Traffic: S&P downgrades U.S. Treasury paper! Excerpts: “United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative Overview · We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.” and “The outlook on the long-term rating is negative. We could lower the long-term rating to ‘AA’ within the next two years if we see that less reduction in spending than agreed to, higher interest rates, or new fiscal pressures during the period result in a higher general government debt trajectory than we currently assume in …


A Frightening Experience Leads to a Plan, by V.A.S.

Part One:  Why I Started to Prepare Speaking from the perspective of someone who has spent the last several years researching, reading about and trying to sort through multitudes of information on the subject, I can say that learning the art of preparedness is not a simple task. Given the huge amount of resources, information and even misinformation available on the internet and within the many books written on the subject, determining the right path towards being more prepared can be a difficult one to say the least. Here is my story, and my tips for finding your own path …


Letter Re: Lessons from the Road

JWR, I’d like to add just a couple points to the excellent “Lessons from the Road” article by R.W.. One key item that I feel is important is to involve everyone in the planning of your escape route. If you are the primary driver, and end up incapacitated, it is essential one of your other fellow travelers be able to take up the mantle and get the BOV to the BOL. In families, route planning can be a great way to get everyone involved and on-board with the preparations process. It also allows everyone to contribute and point out things …


Economics and Investing:

Glenn Beck puts the Federal debt cap deal in prepper terms. An American Suicide US borrowing tops 100% of GDP: Treasury tom in Buffalo spotted this: Royal Bank of Scotland posts £794m loss after Greece hit Avoid Disaster, Get Out of U.S. Assets: Peter Schiff (Thanks to G.G. for the link.) Open letter to the London G20 Summit: Last chance before global geopolitical dislocation Items from The Economatrix: Debt Ceiling Agreement To Trigger Hyperinflation Credit-rating Agencies Still Threaten US Debt Recovery US Manufacturing Woes May Be Just Beginning 10 Signs The Double-dip Recession Has Begun


Odds ‘n Sods:

A gent developed a handy new app for Android phones that calculates bullion coin value for transactions.    o o o Who would have thunk it? Federal officials have been caught facilitating moving drugs one way, and guns the other, across the border. Gee, its good to know that at least we don’t live in one of those corrupt Third World countries with a printing press economy.    o o o Gun lobby fights Mexico border rifle sale control. It is funny that the journalist picked up on the ATF’s “iron river” rhetoric, when the ATF itself is the biggest …


Jim’s Quote of the Day:

And I will rejoice in Jerusalem, and joy in my people: and the voice of weeping shall be no more heard in her, nor the voice of crying. There shall be no more thence an infant of days, nor an old man that hath not filled his days: for the child shall die an hundred years old; but the sinner [being] an hundred years old shall be accursed. And they shall build houses, and inhabit [them]; and they shall plant vineyards, and eat the fruit of them. They shall not build, and another inhabit; they shall not plant, and another …