Economics and Investing:

GG flagged this: Banks still getting sicker; The economy may have turned, but banks will be cleaning up after their lending mistakes for years. Several big banks may already be doomed to fail. Also from GG: Bank of England surprises markets with move to increase ‘printing money’ plan This was linked at the excellent news aggregation blog Total Investor blog: ‘Lost Couple of Decades’ Looming for U.S. Economy: Chart of Day Several SurvivalBloggers sent us this: Obama announces $2.4 billion grant for electric vehicles Items from The Economatrix: Audio Clip: Unemployment Decline “A Little Bit Misleading” Analyst says “people have …


Odds ‘n Sods:

F.G. spotted this bit of inspiration for SurvivalBlog’s older readers: Never Too Old: The Story of Captain Samuel Whittemore. (Who went to war at age 80.)    o o o Do you remember my comments back in May, on the “Three K” depression-proof jobs? This Fox News article confirms it: Now Hiring: Everywhere You Didn’t Want to Work    o o o The recent much-publicized dehydration death of a child in Death Valley, California, prompted several SurvivalBlog readers to comment. The consensus on vehicular off-pavement travel in desert country is to over-prepare: Carry two spare mounted tires, extra fuel, sleeping …


Jim’s Quote of the Day:

“I told a reporter here a while back–young girl, seemed nice enough, she was just tryin’ to be a reporter. She said: ‘Sheriff how come you let crime get so out of hand in your county?’ Sounded like a fair question. Anyway I told her, I said: Any time you quit hearing ‘Sir’ and ‘Ma’am’ the end is pretty much in sight.” – Tommy Lee Jones as Terrell County Texas Sheriff Ed Tom Bell, from the movie No Country for Old Men, 2005 (originally written by Cormack McCarthy)



Delay and Pray: Why the FDIC is Broke, by Dr. Gary North

“If it ain’t broke, don’t fix it.” — Burt Lance “If it is broke, don’t admit it before you absolutely must, and then blame it on events that no one could have foreseen.” — [Gary North’s] universal law of bureaucracy Burt Lance was briefly the head of the Office of Management and Budget under Jimmy Carter. He was a Good Old Boy from the banking world of Georgia. A William Safire piece, “Broken Lance,” created enough bad publicity to persuade Lance to retire in September 1977. The article won Safire a Pulitzer Price. Lance’s aphorism, taken from the South, has …


Economics and Investing:

From GG:The FDIC is in Trouble. (Only 2/10ths of one cent in reserves left available for each dollar of deposits.) Karen H. sent this: Recovery “not in sight” says BMW Also from GG: U.K. Royal Mint Doubles Gold Output as Demand Swells Greg C. found this one: Regulators close 3 banks in Florida, Oregon; total 72 “Bank failures have cascaded as the economy soured and loan losses soared, sapping billions of dollars out of the deposit insurance fund. It now stands at its lowest level since 1993, $13 billion as of the first quarter.” Also from Karen H.: Crude Oil …


Odds ‘n Sods:

Eric S. recommends the following story from PhysOrg.com: UK conservation agency launches plastic beehive    o o o From Karen H.: Wind Promises Blackouts as Obama Strains Grid with Renewables    o o o Federal Judges Order California to Release 43,000 Inmates. The streets of California may soon get a bit more mean.    o o o Mr. Cleans for Hire Tasked with Tidying Foreclosed Homes. (Thanks to Jeremy L. for the link.) OBTW ,SurvivalBlog readers should take note, and consider this a “growth” industry for the next decade. It fits with my recommendations of setting up a recession-proof small …



Two Letters Re: Advice on Storing Precious Metals

Sir, Our prayers for you and your family continue daily. My grandfather has six 12″x12″ square wooden posts on his farm house’s front porch. Each one has held various caches for over 55 years and no one has ever been aware. It was not until 20 years ago that I was painting the posts and felt the need to replace a split board that he let me in on the secret. By the way, if a cache needed changing, it was usually done every few year as the posts were scraped, primed and painted along with the porch. For almost …


Note from JWR:

Today we present another entry for Round 24 of the SurvivalBlog non-fiction writing contest. First Prize: A.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost between $500 and $600, and B.) Two cases of Mountain House freeze dried assorted entrees, in #10 cans, courtesy of Ready Made Resources. (A $392 value.) and C.) A HAZARiD Decontamination Kit from Safecastle.com. (A $345 value.) Second Prize: A “grab bag” of preparedness gear and books from Jim’s Amazing …


Underground Survival Shelter Construction and Security–Learn from My Mistakes, by B.B.

In the summer of 1995 I decided to build an underground multipurpose survival shelter. I purchased the book Nuclear War Survival Skills by Cresson H. Kearney and went to work. If you want to know about shelters and what it will be like living in one, then purchase his book. My brother helped me for a while with the construction, but I did the majority of the work alone and it took me two years to complete the project. Let me say up front that I’m an amateur who used a brilliant book to build a shelter. Along the way …



Economics and Investing:

Several readers sent this: About half of U.S. mortgages seen underwater by 2011 This was linked over at the Total Investor blog: China Warns Developed Nations of Inflation, Currency Threats Straycat sent this one: Hunger Hits Detroit Items from The Economatrix: Cash for Clunkers Gets $2 Billion Refill Job Losses Slow to 247,000; Jobless Rate Dips AIG Reports 2Q Profits, First Since 2007s Oil Rises Over $72 as Job Loss Slows Fannie Mae Loses $15 Billion, Seeks $10.7 Billion in Aid After 2Q Loss The Mother of All Bailouts (MOAB) will not stop growing for at least a decade! Mish …


Odds ‘n Sods:

What varmint is killing your chickens? Ellen F. suggested this informative predation web site.    o o o Slate conducts a thought experiment: The End of America 2009: How it will happen.    o o o In case you missed it when it aired in June, the US ABC television network’s “what if” documentary Earth 2100 has been posted to YouTube. Although it has plenty of Al Gore-style guilt-ridden “we ruined the environment” hand-wringing, it is still worth watching.    o o o Some rules of civilization (outside of a handful of cruel exceptions like the Ik tribesmen) are almost …


Jim’s Quote of the Day:

“How quiet, calm, and solemn, not at all like when I was running,” thought Prince Andrei, “not at like when we were running, shouting, and fighting; not at all like when the Frenchman and the artillerist, with angry and frightened faces, were pulling at the swab – it’s quite different the way the clouds creep across this lofty, infinite sky. How is it I haven’t seen this lofty sky before? And how happy I am that I’ve finally come to know it. Yes! everything is empty, everything is a deception, except this infinite sky. There is nothing, nothing except that. …