Economics and Investing:

I found this interview with the director of the president’s National Economic Council linked over at The Drudge Report: Lunch with the FT: Larry Summers. Reader Don W. suggested an excellent piece at Pajama’s TV by Bill Whittle: When Politicians Go Bad: From DC to New York & California The Government We Don’t Deserve Items from The Economatrix: SEC May Put California IOU’s Under Fraud Protection Rules May Trade Deficit Unexpectedly Drops With Assets Less Toxic, Banks Have Other Troubles Stocks Post Fourth Straight Week of Losses Banks Seen Ready to Join US Program that Revises Home-Equity Loan Terms Roubini: …


Odds ‘n Sods:

Hawaiian K. suggested this piece by Mas Ayoob, in Backwoods Home magazine: How to shoot a handgun accurately    o o o In the most recent Dr. Housing Bubble blog: Westside Los Angeles: The Ultimate Prime and Stagnant Real Estate Market.    o o o Reader Paul P. offered a link to a thought-provoking piece on self-sufficiency in Sharon Astyk’s blog: Eat What You Grow, Grow What You Eat?    o o o Greg. C. suggested this piece by Chaz Valenza: Three Rules for Living Through the Second Depression


Jim’s Quote of the Day:

“Of all the wonderful things government says, that’s always been just about my favorite [government spending creates jobs]. As opposed to if you get to keep the money. Because what you’ll do is go out and bury it in your yard, anything to prevent that money from creating jobs. They never stop saying it. They say it with a straight face and we in the press will write that down. We will say, ‘This is expected to create x number of jobs.’ On the other hand, we never say that the money we removed from another part of the economy …


A Primer for Silver Newbies, by H.R.F.

I have to admit that I’m a bit of a “silver bug.” I became enamored with the metal when I was 16 years old. That was the year that OPEC first jacked up the price of oil. Silver sold for only $3.14/oz. then (per Kitco.) A more accurate way of saying it is that one dollar equaled about one-third of an ounce of silver back then. Today one dollar will only buy about 1/13 of an ounce of silver (silver at $13/oz.) This implies that the dollar has lost about 75% of it’s purchasing power over the last 36 years, …


Letter Re: Practical Lessons Learned From Home Canning of Meat and Vegetables

JWR, Thusfar this year I’ve canned 140 pints of meat and veggies. And more to go. I believe ready to heat and eat meals will be very handy when the Schumer hits the oscillating rotator. We grew the potatoes, garlic, onions, sweet banana peppers, and carrots ourselves. We buy whatever meat is the loss leader at the grocery that week. I am storing pasta separately. When we open a pint we will add cooked egg noodles. If one cans the egg noodles they get very mushy. I’ve been canning for some years now and have some serious advice. I opine …


Economics and Investing:

Reader Steve H,. sent an interesting quote from BHO: “But while our markets are improving, and we appear to have averted global collapse, we know that too many people are still struggling. So we agree that full recovery is still a ways off; that it would be premature to begin winding down our stimulus plans; and that we must sustain our support for those plans to lay the foundation for a strong and lasting recovery. We also agreed that it’s equally important that we return to fiscal sustainability in the midterm after the recovery is completed.” [Emphasis added.] Steve’s comment: …


Odds ‘n Sods:

Readers Chuck and Garnet both sent this link: Potato famine disease striking home gardens in U.S.    o o o Safecastle Royal has added several new interesting products to their line, including a the new extra-large 8″-diameter Bury-‘Em caching tube, the K8 Nuke Safeguard Mini Alarm, and a 12-can variety of pack of Yoder’s canned meats.    o o o Chiming in on the recent discussion of transferring liquid propane between tanks, reader Chris M. mentioned: “Harbor Freight has an item with part #45989 for refilling propane bottles.”    o o o Richard Fleetwood (of SurvivalRing) has announced a new …



Note from JWR:

Today we present another entry for Round 23 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 foods, courtesy of Ready Made Resources. Second Prize: A “grab bag” of preparedness gear and books from Jim’s Amazing Secret Bunker of Redundant Redundancy (JASBORR) with a retail value of at least $350. Third Prize: A copy of …


Disaster Procedures: A Survival Field Guide, by A.V.

The Relevance of Procedures In a disaster situation many things previously fixed become variable. Communications, supplies, security and many other aspects of civilized society that we often take for granted may quickly become mired down by inefficient or massive use. Equipped as we are with a survival mindset, many still succumb to the environment of pandemonium that evolves: we forget our training, misuse our equipment, and the pace of events overwhelms us. On top of these considerations, many interested in disaster preparation may not have a family or group that is equally well-versed in the nuances of survival situations. Many …


Five Letters Re: How to Build a Deeper Supply of Prescription Medications

Dear Mr. Rawles, Pat C.’s recent post regarding the acquisition of prescription drugs in quantity includes many good thoughts. As a pharmacist of more years than I like to admit, I feel compelled to add to a few of Pat’s points. Pat mentions FDA restrictions on quantities of several types of medications, including some “powerful antibiotics, pain drugs, and highly abused drugs”. I’m unaware of FDA restrictions on dispense quantities of any drugs, except regarding a very small number of drugs with unusually high-risk of adverse reactions. These few drugs would rarely come into play in stocking for calamities. The …


Letter Re: The Latest Special Operations Forces Medical Handbook

Jim, Among the books listed by the recent "favorite books" survey respondents was the US Army Special Forces Medical Handbook (ST31-91B). This book is obsolete and has been supplanted by the Special Operations Forces Medical Handbook. The best summaries as to why the one is obsolete I’ve found are: “That manual is a relic of sentimental and historical interest only, advocating treatments that, if used by today’s medics, would result in disciplinary measures,” wrote Dr. Warner Anderson, a U.S. Army Colonel (ret.) and former associate dean of the Special Warfare Medical Group. “The manual you reference is of great historical …


Economics and Investing:

JHB up in Montana sent this: Banks must brace for credit card pile-up HPD spotted this: Mish’s Global Economic Trend Analysis: Food-Stamps Reach $33.8 Million in April, 5th Consecutive Monthly Record Times must be really bad: Engineering Unemployment Soared in 2Q to 8.6% Reader HH sent us these three items: Economist: FDIC gearing up for bank closures Sales of Silver, Gold Coins Surge Inflation: Expectations and Effects Items from The Economatrix: Economist Declares Train Wreck “Morgan Stanley expert convinced out-of-control budget deficits to drag economy under” Dallas Fed: Inflation Harder to Predict Ron Paul’s Bipartisan Attack on The Fed Shipping …


Odds ‘n Sods:

Ben M. sent this: Did an Ancient Volcano Freeze Earth?    o o o Concern over Ebola virus in pigs; Ebola can cause deadly disease in some forms. A form of Ebola virus has been detected in pigs for the first time, raising concerns it could mutate and pose a new risk to humans. (Thanks to Andrew H. for the link.)From    o o o Cheryl flagged this: Frail Kim Jung-Il May Have Only Months To Live; Youngest Son May Not Be Successor Due To China’s Disagreement


Jim’s Quote of the Day:

“Welcome to a depression. Not such a bad thing, really. Just a period of adjustment…a time for fixing, re-organizing, downsizing, and mending. There’s a time to every purpose under heaven. This is the time to take stock and shape up. But wait again. It doesn’t feel like a depression. Where are the soup lines? Where are the Okies packing up and moving to California? Where are Ziegfield Girls, the Civilian Conservation Corps and Eleanor Roosevelt? How come this depression’s not in black and white? Well…because this is a 21st century depression. This depression is in living color…and it comes to …