Economics and Investing:

Courtesy of The Other Jim R.: Dollar Will Weaken, Currency Crash Possible, Roubini Says From FG: More US wealthy opt to surrender their citizenship Ambrose Evans-Pritchard asks: Does the world have the courage to deal with its debts? “There are three ways out of our mess. We can pursue 1930s liquidation that purges debt through mass default. Such Calvinist destruction cannot be imposed on a modern democracy. We can devalue debt by deliberate inflation. This will backfire as bond vigilantes boycott government debt – unless rigged by capital controls or “administrative measures”. You see where this leads. Or we can …


Odds ‘n Sods:

FG spotted this: Ammo demand remains Sky High. Here is a quote: “On delivery days at the Bass Pro Shop in the Silverton, 20 to 30 customers will line up for the store to open, said Keith Rainey, an assistant manager in the hunting department. ‘They call us up every day to find out when the next load is coming in,’ Rainey said. ‘If you don’t get there early, you don’t get any bullets.’    o o o Mark D . sent this: Veggie Vandals: community gardens deal with theft    o o o As they say in Southern China: …



Letter Re: Lessons from a Brief, Opportunistic Burglary

Dear Jim, I want to forward a story from my local electronics surplus dealer concerning his son and wife who live in a new upper-middle class subdivision just outside of Portland, Oregon. Last Friday, William (not his real name) went off to work as normal. Kids went off to school. Wife was home. She left the house at 11:15 for a quick errand. She got back about noon. Only 45 minutes. On her return, she noticed the front door unlocked. She did the correct thing and did not enter the house. She called the local police from inside her car …


Letter Re: Some Travel and Bug Out Gear Recommendations

Sir, First, as promised earlier I wanted to follow up and describe the kit I take with me on my trips. As I have mentioned in the past my job takes me overseas all the time, so for the past decade I have spent 80-90% of my time in third and second world countries. As a result the type of kit I take with me becomes important – it has to be packable and lightweight (especially now that the airlines are limiting you to 50 lbs. per bag versus the old 75 lbs. per bag). I have built up a …



Economics and Investing:

Sluggish growth in france leading to big trouble. (Thanks to DD for the link.) Larry T. sent this: Why Default on U.S. Treasuries is Likely, by Jeffrey Rogers Hummel. “Buried within the October 3, 2008 bailout bill was a provision permitting the Fed to pay interest on bank reserves. Within days, the Fed implemented this new power, essentially converting bank reserves into more government debt. Now, any seigniorage that government gains from creating bank reserves will completely vanish or be greatly reduced.” Items from The Economatrix: Five Weeks on the Brink: Reliving the ’08 Meltdown Brown to G-20: Economy at …


Odds ‘n Sods:

Cheryl mentioned: 13 Tips On Cutting The Family Budget    o o o I made the mistake of spending more than a half hour on the phone with this journalist who promised me that he was sympathetic to the preparedness movement, and would write a favorable article. Either he was disingenuous, or his editor thoroughly re-wrote the piece: The new survivalists: Oregon ‘preppers’ stockpile guns and food in fear of calamity. Oh well, at least they spelled my name correctly. Oh, and don’t miss the lengthy comments section. It shows how ultra-liberal Portland has become.    o o o Reader …



An Instructive Survival Story from the 1930s

Do you thrill to read pulse-quickening stories of survival where individuals triumph over extreme odds? How about a survival situation that didn’t occur over a period of minutes, such as a tornado….or a survival situation that didn’t occur over a period of hours, such as a hurricane ….or a survival situation that didn’t occur over a period of days, such as a flood. What about a horrifying survival story that dragged on year after year with no help, no rescue, no hope, no end in sight? Fearful survival stories of the last Great Depression abound, but we are losing those …


Letter Re: Surviving an Expedient Ambush Roadblock While Traveling by Vehicle, by M.W.

Mr. Editor, In his article “Surviving an Expedient Ambush Roadblock While Traveling by Vehicle“, M.W. was incorrect when he wrote, “The lead vehicle should place their vehicle at a 45-degree angle to the direction of travel and the weapon system should then be employed across the hood so that the engine block provides a [limited] ballistic shield for those person(s) providing cover[ing fire].” Do not stand leaning over a vehicle[, thinking that it will provide ballistic protection.]. At 200 yards .30-06 FMJ will penetrate 20 inches solid white pine. It will just as easily penetrate the sheet metal of a …


Odds ‘n Sods:

Michigan State Fair Ending After this Year Items from The Economatrix: Cerberus to Ban Withdrawal From New Hedge Funds for Three Years. Note: JWR warned us about hedge fund redemption suspensions, two years ago! So You Just Squandered Billions…Take Another Whack at it Soft Number Folly (The Mogambo Guru) Scam H*ll Ahead (The Mogambo Guru) Americans’ Income Slump Biggest on Record The Renminbi as the World Reserve Currency (Pt. 1) Hit Me Again (The Mogambo Guru) Video: Peter Schiff on CNBC Fast Money Small Retailers Feel Sharper Pinch Loan Sharks Circle Credit-Starved Consumers Mike Whitney: Band-aids for the Recession John …


Jim’s Quote of the Day:

"Trust in the LORD, and do good; Dwell in the land, and feed on His faithfulness. Delight yourself also in the LORD, And He shall give you the desires of your heart. Commit your way to the LORD, Trust also in Him, And He shall bring it to pass. He shall bring forth your righteousness as the light, And your justice as the noonday." – Psalm 37:3-6


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 …


You’re Not (Yet) Prepared, by Ted B.

You saw the warning signs years ago and decided to be the ant, not the grasshopper. You found and purchased the home on land that is now your residence as well as your retreat.  You’ve gathered the materials to survive, perhaps even thrive, during the coming storms of political upheaval, food shortages, social disorder and economic distress.  You took courses on weapons use and feel confident in your ability to defend home and kin with any of the weapons in your personal armory.  You assembled canning materials and learned how to use them.  You consume, replenish and rotate those foods …