Tom at CometGold.com sent us the link to this “must see” video clip: Charlie Rose interviewed two journalists about debt securities, the sub-prime debacle, and the emerging liquidity crisis. New York Times scribe Floyd Norris described the recent wave of margin calls on debt securities as “the functional equivalent of a run on the bank.” Katherine Burton of Bloomberg News admitted that the credit crunch will “go on for a long time.” In related news, don’t miss this news story from Reuters: Central banks move to calm panicky money markets. This isn’t just a traditional credit squeeze, folks. This is approaching credit paralysis!
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I was doing some web surfing and I stumbled across a DRMO auction for what appears to be some new concertina wire, at Camp Pendleton, California.
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I just heard that Ready Made Resources still has three new copies of the scarce out-of-print book “Survival Guns” by Mel Tappan. They are being offered for $60 each. That might sound steep for a book that was $19 when it went out of print a bit more than a decade ago. But be advised that used copies have recently been selling for $60 on up, on Amazon.com. The three remaining copies of “Survival Guns” are not listed in the Ready Made Resources web catalog. Call them for details.