From Our Correspondent in Argentina: What to Expect

SurvivalBlog’s correspondent in Argentina received the following e-mail: FerFAL: I greatly value your experience in Argentina. Since you have traveled in the U.S., I would like to know what you think will be the impact of our relative lack of corruption, at least at local levels, to what we may face in our coming economic crisis. Perhaps a separate post on the subject, if you have time? Here was his reply: This is where things get more into the “guesstimating” territory. Nothing is for sure and all we have is certain situations being more probable than others. Inflation That is …


Sometimes We Actually Get Through to Our Family Members

Jim – I got this letter from my little sister: “I used to think that you were so off the wall on your beliefs and how this country was falling apart. I would make little jokes because I had no idea what you had seen or done while you were in the military, but you thought that this world was coming to an end. Well, I am no longer laughing at you and it goes to show to not always think that because someone else’s ideas or a little extreme that they are crazy because they might turn out to …


Odds ‘n Sods:

RL sent us this hard-hitting piece: The “Mark To Model” Lie    o o o Just as I predicted, things are looking grim for the hedge funds: Market chaos batters hedge-fund star. By borrowing short and lending long, they are at huge risk when credit markets fluctuate widely. And in a time of financial crisis like this, where liquidity has dried up almost completely, the hedgers will likely fail in large numbers. (A hat tip to Cyberiot for sending the article link.)    o o o Eric sent us this from the Pittsburgh Tribune-Review: Demand on pantries grows as food …



Note from JWR:

Yesterday, the dreaded TARP bill, H.R. 1424 (part of the Mother of All Bailouts (MOAB)), passed by a wide margin (263 to 171), in the US House of Representatives. The original bill was just three pages long, but the final version (see the full text PDF) was a whopping 451 pages. It was so stuffed with pork barrel legislation that was practically oozing grease. It disgusting to see so many legislators sign on to this $850 billion+ swindle. The few that voted for it were mostly from the far right and the far left. The passage of the TARP bill …


Replace Your FUD with Preparedness Action–a Pre-Crash “D” List

All of the recent economic news may be overwhelming to some. This has left many people virtually petrified by Fear, Uncertainty, and Doubt (FUD). Don’t be a proverbial “deer in the headlights.” I strongly encourage you get past your anxiety uncertainty and instead of sitting around glued to CNN, wringing your hands and saying “ain’t it awful”. Replace that angst with action. Get busy preparing. Here is my suggested Crash Countdown “D” List, for folks that are already fairly well-prepared: 1.) De-Hummelize Sell off any collectibles that are not family heirlooms. The worst offenders here are the mass produced “limited …


Letter Re: Saving Your Life and Saving Your Relationships–Don’t Drive Your Loved Ones Away

Dear Mr. Rawles, Emotions are sure running high out there. I’ve tried my best, as a clinical psychologist, to let my readers know that they can have a good life, albeit of a very different sort, as our economy continues to deteriorate. Your site has done so much to provide a blueprint and important details as to how to go about it. I’ve read some of your material (the Rawles Get You Ready [preparedness course]; “Patriots“, and your blog) and I see in your words the deep respect you have for your readership, and for the importance of leading a …


Letter Re: Advice for an Unprepared Greenhorn

Jim, I’d recommend that “Greenhorn” should take a look at your “Profiles” page. I learned as much reading them as I do reading the blog! As you say, starting a “List of Lists” is invaluable to preparedness. It is the only way I can keep track of what I have on hand, whether it be too much or too little. And, just because I know it is a weak spot with everybody, more medical supplies is always a good thing. Also, most gun shops have a layaway program, so it’s possible to at least start paying on another rifle or …


Odds ‘n Sods:

Craig R. and Costa Rica Jones both sent us the link to this amazing video clip: Life in Foreclosure Alley. Do you remember what I wrote about “Midnight Flits”? Don’t miss the part near the end where they spray paint a dead lawn green. Its all about “curb appeal.”    o o o More Nanny State meddling, aimed at reducing bovine flatulence: Meat must be rationed to four portions a week, says report on climate change.    o o o Michael Z. Williamson sent us this video link showing home-brew autonomous gun developments. This kid could get a DARPA contract! …



Notes from JWR:

Courtesy of the liberal majority in The U.S Senate, the TARP Bill (which is supposedly limited to $700 billion USD) appears to be a fait accompli. (It now headed to the House of Representatives.) Both senators McCain and Obama voted for it. (So much for us making any meaningful “choice” in the upcoming presidential election.) Disregard all the headlines, folks. In my estimation, the all-fired hurry to enact the TARP bailout was driven by a.) the sudden huge jump in the LIBOR rate, and b.) the chaos that is quietly is going on in the background with derivatives. The politicians …


From the SurvivalBlog Archives: Hedge Funds–A Disaster Story that Could Unfold in Quarterly Episodes

One of the consequences of the collapse of the credit bubble and the subprime lending fiasco in particular is with hedge funds. There is a substantial risk of uncontrollable instability in hedge funds that could potentially be disastrous for investors. This instability will likely be seen in waves of bad news that will come roughly once a quarter. First, let me provide a bit of background: 1.) Most hedge funds have rules that allow only quarterly redemptions (“cashing out”) by by their investors. (A few hedge funds even have only one annual redemption “window.”) Typically, the redemption requests must be …


Letter Re: Advice for City Folks on a Budget?

Dear Mr. Rawles, I read the two letters that were posted on September 27, “Advice for City Folks on a Budget”. What struck me was how similar Mike H.’s situation is to mine. I too have a wife similar to the Mike H’s. At first my wife thought I was out of my tree when I began preparing years ago. After the 1989 Loma Prieta earthquake, she came to believe that what I was doing was prudent, but somewhat overkill. Now that we have entered this period in history, she’s starting to pay attention, and has become a participant. I …


Letter Re: Questions on Short Term Survival in an Urban Office Building

JWR, To follow up on Flora in New York City’s “Questions on Short Term Survival in an Urban Office Building”, here is a link to Aton Edward’s highly recommended book Preparedness Now! which also contains a link to the April 2008 New York Times article that allowed me (thankfully) to find Survivalblog.com for the first time. Additionally, here is a video interview with Mr. Edwards recorded in New York City and addressing exactly the kind of equipment/tools and awareness/preparedness issues that an office-bound urbanite like Flora needs to survive. Since April, I ordered and read “Patriots“, the Rawles Get’s You …


Odds ‘n Sods:

Rourke flagged this article from Marysville, California: Preparing for financial apocalypse: Wall Street scare has some thinking chaos coming    o o o Commander Zero posted some interesting commentary in his blog about why people don’t prepare, even in the face of immediate and overwhelming threats like the current economic meltdown.    o o o The gasoline shortage in the southeast has intensified.    o o o The latest news is that the banking crisis isn’t any better in Europe: France seeks €300 billion rescue fund for Europe. And meanwhile, Senator Harry Reid drops a bombshell: Another major insurance company …