Author: James Wesley Rawles

Mr. Rawles:   Like the ridiculous commercials touting Internet stock trading in the recent past, today the sheeple are treated to commercials extolling the wisdom of investing in gold, all the while the economic world is apparently heading for a meltdown of epic proportion.  As an ardent fan of your novel “Patriots” and a daily reader of your site, I must question the wisdom of investing in either physical gold or rolls of nickels as one will not be able to eat either. And frankly, if someone appears at most doorsteps offering either as payment for goods or services after the …

Brett G. sent this: John Hussman: Stocks Too Expensive, Correction Due Frequent content contributor John R. recommended this analysis by Monty Pelerin: Faking Our Way to Sovereign Bankruptcy Karl Denninger reports on the collapse of the MERS house of cards: MERS Caves Items from The Economatrix: Dim View of Housing Market Weighs on Economy A Tipping Point is Nearing Oil Prices Fall on Economy, Supply Concerns   Bartering, Inflation & Growing A Garden

The latest from Gonzalo Lira: Ballsy or Crazy? Where are We on Inflation and Hyperinflation. (Be forewarned that Mr. Lira uses some crude language.) Reader Brett G. sent us a snippet from an e-mail that he received from a friend who lives in Alaska: “[Rapid price inflation is] really happening up here [in Alaska], overnight: $3.91 [per gallon] for gas $4.89 [per pound] for butter and that was with it ‘on sale’. Milk is $3.89 [per gallon]. It had been $2.99 [per gallon] until this week. Plant seeds! Get ready. Tomatoes will be $7.75 per pound soon, but people just …

James,   I read on your blog where you said that you can fit $178 worth or nickels into a standard U.S. .30 cal ammunition can.   Well, I’ve been able to stuff $190 worth into every can so far. I don’t know why others can only get 89 rolls while I can get 95 rolls into the same space. Might I suggest stacking them directly on top of each other instead of letting the next row rest in the previous rows’ valley. Visualize stacking them not like a rack of pool balls or bowling pins, but rather like a brick of AA batteries. Whether …

Pierre M. mentioned: The Worst Hyperinflation Situations of All Time. JWR Adds: I often slip a Zimbabwean $100 Trillion bill inside the front cover of autographed copies of my novel when I send them as gifts. That serves as a reminder that mass inflation isn’t just in the realm of fiction. Thanks to Kelly D. for spotting this: World Bank: Food prices at “dangerous levels” World Bank report says food prices are at “dangerous levels” after rising 29 percent in a year Evan D. suggested this piece: Collective financial insanity – FDIC backing $5.4 trillion in total deposits on pure …