Odds ‘n Sods:

Will the house-flipping contrapreneurs on both coasts of the US soon be in Deep Schumer? Reader Charley S. sent us this snippet from The Daily Reckoning: “Two million homes will go into foreclosure in the next two years, if home prices continue to slump, said a report released by Joint Economic Committee Chairman Senator Charles Schumer.”    o o o Jason flagged this one: US lacks enough labs to test for contamination if a ‘dirty bomb’ explodes in a major city    o o o A hat tip to SJC for sending this: Report: Oil production peaked in 2006, will …




The Game, by Oliver Velasquez

In the past 25 years interest rates have fallen from as high as 15% to as low as 1.25%. During this time our economy has gone through different cycles, everything from stagflation, recession, to historic bull markets, and real estate booms. Today, in my opinion, we are living one recession away from a massive depression which can be credited to the Federal Reserve’s monetary policy. Historically, it’s never been a good sign to have both gold prices and the stock market trade at such peak levels like we have today. During the past ten years we have gone through a …


Letter Re: Phases of the Moon and Deer Hunting

James, Ungulates (cattle, deer, antelopes, camels, deer, goats, pigs, sheep, as so forth) daily routines are keyed to the moon. People’s routines are keyed to the Sun. The moon cycles each 28 days, the sun in 30 or so days. Each day, the sun is always somewhere near high noon, i.e. 50% past sun-up, at 12:00 sun time (duh). However, the moon can be at ‘high noon’ in moon time at any given hour, i.e. at 9:00 a.m./3:00 p.m., etc.—because the moon has a shorter cycle. Recent satellite telemetry studies on collared white tail does and bucks across North America …


Odds ‘n Sods:

Eric Fry from The Rude Awakening penned this about Citigroup’s recent SIV accounting shenanigans: SIV Positive.   o o o Hawaiian K. and The Army Aviator both recommended an alarming piece of commentary on silver storage from Ted Butler: Money for Nothing. My favorite quote from the article: “I found it appalling that Morgan Stanley would claim to store silver that didn’t exist and even have the chutzpah to charge for the storage.” As I’ve often written: there is no safe and sure substitute for in-home storage of precious metals . Any other method–be it shares, or certificates, or “bonded storage”, …



Notes from JWR:

A reminder that the special “six pack sale” for autographed copies of the latest 33 chapter edition of my novel “Patriots: Surviving the Coming Collapse” will end in just five days. The sale price of a box of six books is still just $90, postage paid. (Normally they are $24 per copy, but during this sale you get six autographed copies for $90, mailed in a Priority Mail Flat Rate box, sent to anywhere in the United States, including APO/FPO addresses.) This sale ends on October 31st. This is your chance to buy some extra copies for Christmas presents. Note …


Letter Re: Advice on Private Party Gun Purchases

Mr. Rawles: We have a few guns that were passed down from my father, father-in-law, and grandparents. But after reading SurvivalBlog, I’ve determined that its wise to buying a few more, ahem, “capable” defensive guns. (Like an M1A and a scoped Remington 700 Sendero or maybe a Remington 700 PSS .308.) I would rather not buy them from a [Federally licensed] dealer, so I can avoid that whole paperwork trail. My difficulty here is that I live out in cow country where guns shows are infrequent. And the few we do have, have a poor assortment of guns to choose …


Letter Re: Reverse Osmosis Water Purification for Urbanites

Dear Jim, Concerning Justin B.’s letter on reverse osmosis: Why go to all the trouble of using a reverse osmosis system and having to Jerry-rig a way to use it if the electrical system goes on the blink? Use a non-electric, non-water wasting, gravity-based water filtration system like the Big Berkey (30,000 gallons on one set of filters!) and get used to using it for your drinking water every day. It’s a great way to develop a habit and a mind set of preparedness. Every time I fill my Berkey (once or twice a day) I think about my preps …


Weekly Survival Real Estate Market Update

Thanks to all of you for your patience as I dealt with some important family issues, several visiting SurvivalBlog real estate clients, and the opening of Idaho’s Deer and Elk season, all in the past two weeks. Sometimes there is no such thing as the slower-paced life at a higher altitude! Well the financial news these days just keeps getting darker and for those of you who are actively searching for your retreat, just press on, you’ll make it. As we get back into reviewing actual retreat locales (next week) it’s important to have a solid standard operating procedure (SOP). …


Odds ‘n Sods:

The US residential housing market implosion isn’t over yet. My recent web searches turned up some testimony before the U.S. House Judiciary Committee Subcommittee on Commercial and Administrative Law. In reading it, we learned that the majority of ARM rate “resets” in the US will occur in in the fourth quarter of 2007 and the first quarter of 2008. And specifically, the peak for subprime resets will be in March of 2008, the peak in agency loan resets will be in September of 2008, and the peak in “jumbo” loan resets will not be until April of 2009. Buckle your …



Note from JWR:

For those of you that have been waiting, I just got another case of 10 copies of the latest edition of The Encyclopedia of Country Living by Carla Emery. This massive three pound, 870 page compendium is a must for every prepared family’s bookshelf. If you look around, you can sometimes find used copies of the latest (Ninth) edition at local used book stores, or through Internet vendors. If you can’t find a copy locally, new copies are available through our Catalog page.


Letter Re: Advice on Retirement Plans and Precious Metals IRAs

Helo Jim, Just a note to let you know what a great job your doing with the blog. I have a question that as far as I know you have not addressed. Most of my individual retirement account (IRA) money is in a 403b at work. [A 403(b) is a tax deferred retirement plan for the employees of nonprofit organizations.] I had wanted to roll this over into a precious metals IRA. However I am not allowed to do this until I leave my current job. Is there anything you would advise that I can do to protect my 403b …