Letter Re: UCLA’s Eye-Opening Colloquium on the Worldwide Financial and Economic Crisis

Hi Jim, I’m responding to Tuesday’s article Letter Re: UCLA’s Eye-Opening Colloquium on the Worldwide Financial and Economic Crisis in which the general cause of the crisis was ascribed to too much economic freedom. The following articles make the opposite case, that it was actually caused by government interference in the markets: The Government Did It The Myth that Laissez Faire Is Responsible for Our Financial Crisis Alan Greenspan vs. Ayn Rand and Freedom Stable Money is the Key to Recovery As pointed out in the article Stable Money is the Key to Recovery, “…some three-quarters of the massive derivatives …


Odds ‘n Sods:

More than 20 readers sent us links to various articles about Gerald Celente’s recently very gloomy predictions, including this one: Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012    o o o Eric flagged this one: Root cellars thrive as food prices rise. Oh, and BTW, count this as yet another greenie that doesn’t mind giving an exact location to reporters. How incredibly naive! (“Don’t forget to mention the nearest cross-street!”)    o o o From Cheryl, our Economic Editor, comes another big batch of news and commentary. It is noteworthy that the most incisive reporting on the US …



Note from JWR:

The high bid in the SurvivalBlog Benefit Auction is now at $710. The auction is for a large mixed lot that includes: A.) 15 brand new 30 round M16/M4/AR-15 magazines from JWR‘s personal collection. These include four scarce and desirable brand new HK steel “Maritime Finish” magazines, and 11 new USGI alloy magazines made by Center Industries. (Note that most of these were made during the 1994-2004 Federal ban, most of them have restriction markings, but those became null and void after the ban sunsetted.) Even if you don’t own an AR-15, these magazines are great to keep on hand …


Letter Re: UCLA’s Eye-Opening Colloquium on the Worldwide Financial and Economic Crisis

Hi, Yesterday [Friday. November 14, 2008] I attended the Marschak Colloquium on Mathematics in the Behavioral Sciences at UCLA {University of California, Los Angeles] . This thing is attended by lots of UCLA and USC [University of Southern California] economics professors, including many retired faculty members and other local luminaries. (Two seats to my right was author Alvin Toffler of “Future Shock” fame.) The main speakers presented for an hour, and then the whole group asked questions and discussed the topic. Here is the brief abstract that announced the talk: “The current worldwide financial and economic crisis is the greatest …


Letter Re: Where to Find the Funds for Your Preparations

Dear Jim, So many people are struggling to find ways to make ends meet, much less have any extra money to make purchases for their preparedness plan. There are a lot of things people can do within their own means. 1. Make a budget. Income minus expenses. Is there anything left over? You are ahead of the game. If not, now is the time to: 2. Trim the budget. Distinguish needs versus wants. Eliminate anything that is not needed. 3. If after trimming the budget, you still cannot find extra money, get a second job, have a yard sale, etc. …


Two Letters Re: Procuring Reliable Workhorse Bikes — Take Advantage of the Single Speed Fad

James I am a daily multi-modal commuter taking an armored bus into Jerusalem and then cycling from the bus station to my kollel. Before my move to Israel, I only drove my 4×4 truck several times a month and did about 50-to-70 miles a week by pedal power. I did once try using Slime in my tubes but this makes for a difficult ride, wasting immense amounts of effort due to the natural imbalance of slimed tires. I also found that it is also impossible to patch slimed tires. My advice is to get a good tire like the Kevlar …


Odds ‘n Sods:

Reader “Arclight” mentioned that here is a DEA newsletter, formerly restricted to Law Enforcement, called “The Microgram.” Arclight’s comment: While some of it dry and technical, there are some fascinating stories of how drug operations are hidden, items are smuggled through customs, etc. The Microgram and the newsletters also available on the site give a fascinating look into who is running this trade and how. Good intel reading for the good guys.”    o o o I recently updated my M14 / M1A Magazine FAQ, to include a link to the set of excellent Counterfeit USGI M14 Magazine Detecting Flowcharts …



Note from JWR:

Two additional items have been generously added to the already large mixed lot in the SurvivalBlog Benefit Auction that started yesterday: A NukAlert radiation detector donated by at KI4U.com (a $160 retail value). and, A case of 24 cans of canned storage butter, courtesy of Ready Made Resources (a $110 retail value). The high bid is now at $350. The auction ends on December 15th . Please e-mail us your bid.


Letter Re: Seeking Advice on Rainwater Catchment and Filtration

Mr. Rawles: When constructing a rain-catch such as this one, which the good folks at Lowe’s [–a major hardware store chain in the US–] suggest for economically watering your garden, is there any instance where it would be okay to use this as a backup for drinking water? Obviously, one would be foolish to drink directly from containers that are not food-grade or if the water has been sitting for too long a time. But, my question is does that change if you plan on running the water through a purifying process such as through a Berky or this economically …


Letter Re: Seeking Advice on a Self Defense Handgun Purchase

Hi Jim, I do not have a handgun presently but want to get one. If you were only going to buy one handgun for self defense what would it be? God Bless, – Greg O. JWR Replies: Presently, I’d recommend getting either a Glock M21-SF .45 ACP or a Springfield Armory XD .45 ACP. Go for a full size model unless you plan to carry your pistol concealed extensively. If that is the case then get a Glock Model 30 (commonly called a “Mini Glock”) or an XD Compact .45. Given the currently frantic market for full capacity magazines in …


Letter Re: Peakniks Need Better OPSEC

James, Regarding those who gave their street addresses in the Peak Oil article that was recently mentioned: Indeed, it boggles the mind when people appear to have absolutely no concept of OPSEC. It betrays a mind that apparently has little or knowledge of the human animal, which the substitute for which must necessarily be a fantasy of some sort. If giving your address isn’t enough, how about these folks providing a full set of downloadable tactical maps for your retreat? Understandably they’re running an operation that provides for open visitation, for which the cartoon of the hippie village layout would …


Letter Re: Procuring Reliable Workhorse Bikes — Take Advantage of the Single Speed Fad

Jim, Due to a current fad in single-speed bicycles, mountain bikes are re-selling very inexpensively. Used, [15-speed] mountain bikes for around $200 for what had been $1,200 bicycles, on average. With smooth tires, puncture sealing inner-tubes, lights, fenders, and a rack or basket, this can haul groceries or get you to work in the event of a temporary fuel shortage such as we just experienced in the Southeast a month ago. No gas in Nashville, indeed! Not a perfect solution, but better than losing your job for lack of trying. Get into cycling, once a week, so you can learn …


Odds ‘n Sods:

Robert R. recommended this piece over at The Simple Dollar blog: Investing in Skills (or Fear of an Apocalyptic Economy)    o o o For November and December only, FreezeDryGuy is offering a special sale price for a one year’s supply of 30-year shelf life Mountain House freeze dried fruit plus a free water filter. For just a hair over $500, you’ll get one case (six #10 cans) of Freeze Dried Strawberries (132 cup servings), two cases Freeze Dried Banana Slices (240 cup servings), and a bonus Aquamira E&E Military Water Filter. (Normally $20.) Contact FreezeDryGuy for ordering details.    …