Month: May 2013

Penny and Nickel Debasement Bill Introduced in U.S. Congress

Reader Joe K. sent this news link: Bill Seeks Steel Cents, Nickels, Dimes, and Quarters. Note that the bill’s main sponsors are from Ohio, which is a steel manufacturing state. But this legislation is more than just grandstanding. Unlike similar legislation in previous sessions of congress, this new bill will probably gain traction in the current congress, since the government has now been losing money with the seigniorage costs of pennies and nickels for many years. Well, I’ve been warning you since 2009, folks. While this bill is still in committee, I suspect that a coinage composition change will take …


Letter Re: Prepping, World-Wide?

Mr. Rawles; I had a conversation with a friend and the question came up: “I wonder how the rest of the world is on prepping or is it mostly just the US?” Can you shed some light on that by any chance? Thanks, – P.W. JWR Replies: Preparedness is indeed catching on, globally. Just look at the visits map for SurvivalBlog. (We have had visits from 200 countries!) Granted, survivalism is primarily a phenomenon of the English-speaking world, but there is also considerable interest in France, Germany, Russia, Japan, and in the Scandinavian countries. And there probably would be greater …


Economics and Investing:

Reader C.D.V. suggested this article: Spain Is Beyond Doomed: The Two Scariest Unemployment Charts Ever M.E.W. sent: Run on Guns: AR-15s Sales Soar. JWR’s Comment: A modern battle rifle is a great example of a practical, barterable tangible investment. You can only shoot a bad guy with a Krugerrand with the aid of a sling shot, and that constitutes a very inefficient use of resources. M.M. sent this ominous news from Canada: Conservative 2013 Budget May Allow Banks to Confiscate Customer’s Deposits Items from The Economatrix: Jim Rogers:  Every Government Debasing Their Currency, Gold Going Much Higher The Global Economy …


Odds ‘n Sods:

Reader C.W. forwarded some very scary news: Perhaps just one mutation away from fast transmission human to human transmission? H7N9 Carries Genes from Rare H9N2, H7N3, H4N9, H11N9 Bird Flu Viruses. Here is a quote: “This finding implies that H7N9 viruses have partially acquired human receptor-binding specificity. All of the H7N9 human isolates examined contained a lysine residue at position 627 in the PB2 protein. It is well known that this lysine residue contributes to the replication and transmission of avian influenza viruses in mammalian hosts. It is likely that the acquisition of this lysine in H7N9 viruses during their …