Odds ‘n Sods:

Rourke flagged this article from Marysville, California: Preparing for financial apocalypse: Wall Street scare has some thinking chaos coming    o o o Commander Zero posted some interesting commentary in his blog about why people don’t prepare, even in the face of immediate and overwhelming threats like the current economic meltdown.    o o o The gasoline shortage in the southeast has intensified.    o o o The latest news is that the banking crisis isn’t any better in Europe: France seeks €300 billion rescue fund for Europe. And meanwhile, Senator Harry Reid drops a bombshell: Another major insurance company …



Notes from JWR:

Now we’re a fashion trend! Details magazine just published a well-written and humorous article that features a SurvivalBlog reader, titled The Yuppie Survivalists. That’s not what I would have titled the article, but then I don’t publish a trendy men’s fashion magazine. And I’m no yuppie. I’m neither young nor urban, and I’ve never had that sort of shopping budget. (The Memsahib keeps me on a short leash.) OBTW, they included just one brief quote from yours truly and one from Jason over at SHTFblog. Oh, and speaking of men’s fashion, another article on survivalism will appear in the upcoming …


Our Changing Times: The Advent of Rule 157 and Perhaps Rule 308

We are living in unprecedented times. The global economy is being asphyxiated for lack of credit, and we face the prospect of an economic depression that could be worse than the Great Depression of the1930s. The Advent of Rule 157 One of the contributing factors in the unfolding banking debacle was the advent of Financial Accounting Standards Board (FASB) Rule 157, that went partially into effect on November 15, 2007. This was a financial accounting rule change that yanked the bankers back from the Fantasyland games that they had been playing with Collateralized Debt Obligations (CDOs), Credit Default Swaps (CDSs), …


Letter Re: Finding Archived SurvivalBlog Topics

Mister Rawles: First off, I want to thank you for running SurvivalBlog. Its an awesome resource–sorta “one stop shopping” for folks like me that are getting prepared. I first read your book three years ago, when I was on my second deployment in Iraq. Your novel [“Patriots“] was in a big pile of books in our unit’s MWR [Morale, Welfare and Recreation] room. They say you can’t judge a book by its cover, but I was following advice from my home-town librarian when I picked your book. She once advised me: “Look for books with ‘broken’ spines and that show …


Odds ‘n Sods:

Back in 2005, I began warning SurvivalBlog readers that derivatives were a much larger threat than the housing bubble. Now we read in the mainstream media: The $55 trillion question. The article begins: “The financial crisis has put a spotlight on the obscure world of credit default swaps – which trade in a vast, unregulated market that most people haven’t heard of and even fewer understand. Will this be the next disaster?”    o o o Safecastle just a started an unusual 25%-off Mountain House sale. The sale ends on October 14th. Get your order in immediately for the best …



Notes from JWR:

We had an amazing 17,945 unique visits yesterday, gobbling up almost 17 gigabytes of traffic. Those are both new records for SurvivalBlog. Thanks for continuing to spread the word about SurvivalBlog and making it such a success. It is not too late for your “head in the sand” relatives, friends, and co-workers to get themselves prepared. Spread the word! Even just a one line mention in your-e-mail footer would be a huge help. Here is what reader Paul G. uses in his footer: survivalblog.com — Bookmark it. It may save your life! We’ve completed the judging for Round 18 of …


Letter Re: Some Practical Notes on Third World Living

Jim, As this is not a competition entry, it has not been reviewed by an outside set of eyes yet, and I’m sure its kind of disorganized, but this is some info about third world life, as I can see it here, after things stabilize. My wife is from Peru. She was born during the Peruvian hyperinflation and transition to its next fiat currency, the Nuevo Sol. (Yeah, we’re young whippersnappers) She recently started to help out in getting ready. What helped her was comparing the current economic climate here to Peru. This allowed her to correlate things that occur …


From FerFAL in Argentina: A US Crash that Will Parallel Argentina’s?

Hi James, These are hard times, indeed. The parallels between the days before our own economy [in Argentina] collapsed and what’s going on today in America today are very hard to ignore. Our local television seems to be getting some kind of sick kick out of all this. They showing the comparisons, even editing politicians and economists speeches showing how similar they were to the ones the American politicians and economists are using right now. In some cases, they even said the exact same line, the only difference being the language. About the article “Letter Re: What Are the Economic …


Letter Re: AVGAS as an Alternative Source of Gasoline During Spot Shortages

James, I’m sort of reluctant to share this because, well, I might need to do it someday and its value is in the fact that most people don’t know it. During Hurricane Ike my uncle, who lives in Houston, acquired use of a generator. That’s an interesting story in itself so I’ll divert for a second and elaborate: He didn’t own a generator but his next door neighbor did. Unfortunately, the neighbor had never run the generator and when they needed it, it wouldn’t start. My uncle is a trained mechanic (former career) and was able to fix it. In …


Odds ‘n Sods:

I noticed that spot silver dropped a full dollar per ounce on Tuesday, and spot gold was down about $30 per ounce–both moved by short term gains by the US dollar in international trade. Buy on “dip” days like these! As I’ve said before, I think that gold will outperform silver in the next run-up. Get out of dollars and into tangibles. But remember what Doc Sweeny calls The Five Gs. (GGGGG.) Get right with God and then acquire your guns, groceries, and ground before you buy any gold. Be advised: You can’t eat gold, and Krugerrands make very expensive …


Jim’s Quote of the Day:

“The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.” – Congressman Ron Paul, My …


Notes from JWR:

I just got word that the US House of Representatives voted down the $700 billion USD Troubled Asset Relief Program (TARP) Bill. I’m glad to see that it was defeated. There is simply no proper substitute for allowing the credit market to correct itself, by working the bad debt out of the system. Propping up the system would have made the eventual reckoning day even worse. There will probably be some substitute or “bipartisan compromise” legislation offered, but don’t fall for it. If it extracts money from your wallet to bail out the banks from Credit Default Swap derivatives and …


Letter Re: A Successful Search for a Survival Retreat Property

Hi Jim, we wanted to share our story with your readers who may not have been able to acquire their retreats yet, and worry they never will. We hope our story will inspire them…. We sold our home in record time recently (big shock) and then went on a major hunt to find our “perfect spot”…we have been preparing and stocking up and looking to find the area we wanted to buy retreat in and start in earnest to live self-sufficiently, hoping and praying when the time came it would all come together. We had very specific parameters: minimum of …