Notes from JWR:

I was saddend to hear of the death of writer Richard Matheson. Requiescat in pace. — June 27th is the 70th birthday of economist Dr. Ravi Batra. (Born 1943.) His predictions on the American economy weren’t wrong. They were just earl.. I thank him for giving us plenty of warning and hence the time needed to prepare. — Today we present another guest article by Amy Alton (of Doom & Bloom fame)




The Mass Casualty Incident: Triage, by Amy Alton, A.R.N.P., and Joe Alton, M.D.

The responsibilities of a medic in times of trouble will usually be one-to-one; that is, the healthcare provider will be dealing with one ill or injured individual at a time.  If you have dedicated yourself to medical preparedness, you will have accumulated significant stores of supplies and some knowledge. Therefore, your encounter with any one person should be, with any luck, within your expertise and resources.  There may be a day, however, when you find yourself confronted with a scenario in which multiple people are injured.  This is referred to as a Mass Casualty Incident (MCI). A mass casualty incident …




Letter Re: A Recommended Retro Reference Site

James, I’m writing to recommend a web site. This guy’s main focus is vintage guitar amplifiers, but he has good repair advice for anyone keeping their vintage vacuum tube radio equipment running, as well. The Idiot’s Guide to Tube Testers…. The Idiot’s Guide to Oscilloscopes… The Idiots Guide to Using  your VTTM (Vacuum Tube Volt Meter)… Regards, – Florida Guy




Letter Re: What is Behind the Dip in Precious Metals Prices?

James, Could you or someone you trust please explain why spot silver has dipped below $20 per Troy ounce? Those of us who don’t have the experience or ability to ferret this knowledge out for ourselves would be grateful. In addition, a forecast for how long this dip might last, would be greatly appreciated. – D.W.N. JWR Replies: The short answer to your question is that Ben Bernanke spoke and the markets panicked. All that it took to spook the markets was an indication that Quantitative Easing monetization might end in the next year, and suddenly everyone realized that the FREE …




Economics and Investing:

History Shows Gold May Drop to as Low as $900 An Oz.—And Still Remain in a Bull Market The new “modest budget” indie movie Alongside Night is now in early release. The film is based on Agorist-Libertarian activist J. Neil Schulman’s novel of the same name. It seems that some gold and silver coins deserve “best supporting” awards. Jim W. sent this: Fed Faces ‘Treacherous’ Path in Exiting its QE. Here is a quote: “Exiting too fast will crash the real economy, while exiting too slowly will create a huge bubble and then crash the financial system.” Get Ready for …




Odds ‘n Sods:

Reader Mendy P. sent: Study: 70 Percent of Americans on Prescription Drugs. JWR’s Comment: If one considers a pharmaceutical supply chain failure in the event of a power grid collapse, then the implications of this study are staggering. What will life in American be like when 27 million Americans are forced to suddenly come down off of antidepressants? There will be no “gradual tapering”–just “cold turkey” withdrawal. My advice: If the grids go down then be prepared to stay off the streets for a few months. There will be a lot of crazy behavior manifested.    o o File Under …