Economics and Investing:

A picture is worth a thousand words: Graph of Four Bad Bear Markets. Based upon house prices, commercial real estate prices, and stock P/E rations, I’d say the markets have another 50% or more to fall, and the painful process may take another eight to ten years. And that is just to reach rock bottom, There may be another 10 years of climbing back up out of the hole that “Easy Al” Greenspan and his successors dug for the planet. (Link courtesy of Jesse’s Café Américain blog, and brought to our attention by SurvivalBlog reader Ben H.) Thanks to Thomas …


Odds ‘n Sods:

Susan Z. sent us this article about barter from Michael Panzner’s blog: Cashless Improvisation    o o o F.R. sent this: Brit Couple Saved After 40 Days Lost at Sea    o o o The folks at Safecastle mentioned that their big 25% off sale on Mountain House canned long-term storage foods is underway. Safecastle Royal members who buy four cases or more (at 25% off and free shipping of course) get a free 35 gram pouch of CELOX traumatic wound coagulant. If they buy 12 cases or more, they get a CELOX pouch and an Optimus Crux lightweight backpacking …



Notes from JWR:

Here it comes! Despite his campaign promises: “I believe in the Second Amendment. I believe in people’s lawful right to bear arms. I will not take your shotgun away. I will not take your rifle away. I won’t take your handgun away. … There are some common-sense gun safety laws that I believe in. But I am not going to take your guns away. .”, it comes as no surprise that President Obama is now asking congress to renew the 1994 Federal “assault weapons” and “high capacity” magazine ban. Now, just a few months later he has done an about-face …


Depression Proof Jobs for a 20 Year Depression – Part 1: The Counter-Cyclical Jobs

The current economic downward spiral has prompted several SurvivalBlog readers to write me and ask: “My job is now at risk, so what are the safe jobs?” I’ve actually addressed this topic fairly well since I started SurvivalBlog in 2005. We ran a “best recession-proof jobs” poll, back in May of 2006. Then, in February, 2007, we ran a poll on “Best Occupations for Both Before and After TEOTWAWKI”. Later, we even ran a poll on the current occupations of SurvivalBlog readers. In the past three years, we’ve also posted a panoply of more detailed employment-related letters and articles on …


Letter Re: Buying Kindle Reader for Accessing Survival References?

Mr. Rawles; Given that even the smallest of windmills driving an automobile alternator can keep a 12 volt DC battery charged, and from that you can run a myriad of small devices, what is your opinion of Amazon’s Kindle [mobile book reading screen] for keeping all the documents you might need, like the entire archives of SurvivalBlog? Amazon is now offering “Version 2” [of Kindle] , which seems easier to load with personal documents. Is it worth it as a backup library, or is it too fragile? – Sandy W. JWR Replies: Buying a shiny new Kindle for that purpose …


Letter Re: Is it Deflation or Inflation Ahead? Should I Pay Down My Debts?

JWR, Thanks for the always excellent blog. I recently came into a significant wad of money, more than $100,000. I have been toying with my options. I owe around $200,000 on my house, but I can afford the payments no problem; I am self employed in a health-care related field that I do not expect to struggle. My thought process goes something like this: Why should I pay the mortgage down on my house since (1) I can afford my house easily, (2) with inflation coming I would rather pay it down with 2012 or 2014 dollars (that are “worth …


Economics and Investing:

E.L. sent us the link to this “must watch” seven minute video clip of from Fed Chairman Paul Volker. It has some interesting nuggets and is a somber assessment of the unfolding global economic collapse. Reader “Darth Paul” mentioned a video clip of an ex-IMF Chief Economist. Paul’s comment: “I especially got caught up at 6:40 on the counter: “Obama’s and Geithner’s choices for administration? It’s a huge problem!”, “I’m trying to be positive but my intuition from crises is that this is gonna get a lot worste…we are going down a long, dark, blind alley”.” Mark in Michigan flagged …


Odds ‘n Sods:

Reader E.L. recommended a series of five instructional videos available on YouTube. They explains the “why and how” of setting up ALICE web gear .    o o o “FFF” suggested this article over at Backwoods Home magazine’s web site: Ice Storm 2009: A Cautionary Tale    o o o Mark P. mentioned that 38 years of The Mother Earth News have been archived on CD-ROMs. In my opinion, the first 25 years were the best. OBTW, speaking of references on genuine self-sufficiency, I highly recommend the compendiums of Backwoods Home magazine, in hard copy books and CD-ROM. The Memsahib …


Jim’s Quote of the Day:

“We are in a period of price discovery. Many shares, businesses, and credits are on offer. Typically, people are reluctant to make bids until they have a clearer idea of what these things are worth. What are they worth now that we’re in a post-Bubble world? No one knows. And no one seems in a hurry to find out.” – Bill Bonner, The Daily Reckoning


Note from JWR:

I am pleased to report that we’ve surpassed the 7 million unique visits threshold, and we now get an average of 128,200 unique visits per week. Thanks for making SurvivalBlog such a huge success. Please keep spreading the word! Keep in mind that you can send links to individual articles and letters posted in SurvivalBlog, simply by clicking on the “Permalink” text below any SurvivalBlog item. Then copy and paste that Permalink URL (from your navigation bar) into an e-mail, a forum post, a web page, or into your own blog. We also have an RSS feed available. (Just click …


Making the Transition to Country Life, by Bois d’Arc

Many readers of Survival Blog are either in the process of moving to a lightly populated area or actively planning to bugout to such an area when the balloon goes up. Twenty years ago I moved from the edge of a large city to a fairly remote property, and have been quietly setting up the doomstead and perfecting skills ever since. In the process, I became part of the fabric of country life here and have learned some valuable lessons which may benefit the rookie country dweller. Most full-time country residents are descendents of frontiersmen who ventured into the wilderness …



A Know-Nothing Gun Buyer Illustrates a Fatally-Flawed Approach to Preparedness

Introductory Note from JWR: The following was posted at the Mike’s Madhouse forum, one of the Baen’s Bar Forums. (This is the forum moderated by SurvivalBlog’s Editor at Large, Michael Z. Williamson.) It illustrates how incredibly naive some newbie gun owners can be. It also underscores a couple of my oft-repeated mantras: Survival is not about gadgets. It is about skills. And, tools without training are almost useless. Owning a gun doesn’t make someone a “shooter” any more than owning a surfboard makes someone a surfer. Reading this letter made me laugh hysterically, but it also made me sad to …


Economics and Investing:

Steven L. sent this bit of good economic news: Cabela’s shares surge on gun sales Eric S. sent this snippet from Bloomberg : “Gold is likely to more than quadruple from the current level of $986 per ounce currently to $3,500 in 2010, he said.” Reader “Jericho Jo” flagged this article from New Zealand: European chiefs propose global rules (for world economies). A quote: “Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy.”I see the US as wary of giving away powers of oversight and regulation,” said …