Letter Re: Opening a Non-Dollar Denominated Offshore Bank Account

Mr. Rawles, My wife and I have a Certificate of Deposit (CD) at 5.25% of $425,000 that will be maturing in December. She is all fired-up to travel to Canada in September, and with an interest-only withdrawal using $20, 000 to open bank account using converted US Dollars [(USDs) to another currency] as a hedge against the falling value of the USD. I have a bad feeling about this. From reading your site for several months, I suspect that you would suggest buying tangibles but, I fear that my wife will not agree to spending that kind of money on …


Odds ‘n Sods:

JT found us this: Bad News and Bank Runs. Talk about more “stimulus checks”, and blaming “blogs” for “misinformation” that fed people’s fears. And reader Cheryl N. found two articles that tie in nicely: FDIC Smoke & Mirrors and US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation. (Cheryl’s comment: “Paulson’s Bazooka will be locked and loaded with enough firepower to blow what’s left of our economy into the dustbin of history. “)    o o o The WRSA has another “Grid-Down Medical Course” scheduled soon. This one will be in Everett, Washington, September 12-14. Their training is …


Jim’s Quote of the Day:

"…[P]art of your diversification strategy should be to have a farm or ranch somewhere far off the beaten track but which you can get to reasonably quickly and easily. Think of it as an insurance policy…Your safe haven must be self-sufficient and capable of growing some kind of food. It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson. Even in America and Europe there could be moments of riot and rebellion when law and order temporarily completely breaks down.” – Barton Biggs, in “Wealth, War & Wisdom"



Letter Re: More Observations on the Aftermath of Hurricane Dolly

Dear JWR and Memsahib, On June 30, in a response to “Help with a Non-Preparedness Minded Spouse”, I shared the thoughts of like-minded men in a group meeting regularly with my husband to prepare for survival needs. Due to the lack of female companionship I was experiencing, and the frustration my husband’s buddies were experiencing, I offered to start a “Ladies Auxiliary” group to motivate the wives to see the value of preparing for emergency survival. Living near the coast of Texas provides us with the challenge of hurricanes each summer, so that became the topic for personal and immediate …


Four Letters Re: Questions from A Not-Quite Convinced Reader

Jim, I was intrigued by Robert C.’s recent letter which questions why we should prepare. I think he has a great question there, and one which deserves further discussion. I put together a personal ‘Top Five’ I’d like to share: Top Five Reasons To Be Preparedness Oriented: 5) It’s simply a natural extension of growing up — understanding and fulfilling our responsibilities. As babies we have all of our basic needs provided for us by our parents. As we mature, we all begin to take some responsibility for our own needs by doing things like getting an education; learning how …


Odds ‘n Sods:

I’m still predicting a dramatically weaker US Dollar in foreign exchange in the months to come. As I’ve mentioned before, you should watch the US Dollar Index (USDX) closely. If and when it dips decisively below 72, watch out. From there, we might see a precipitous drop! (Back in August of 2007, I first mentioned the “magic number ” 72. It is a sort of “line in the sand” number for currency traders in their assessment of the US Dollar. Anywhere south of 72 lies extreme peril–and below 55 perhaps the traders will start to question the very existence of …



Note from JWR:

I was quoted in a recent Alternet piece by Scott Thill: Massive Economic Disaster Seems Possible — Will Survivalists Get the Last Laugh? Some of my comments were taken slightly out of context and in one instance mischaracterized, so it might be better for you to read my entire set of responses to Mr. Thill’s interview questions. I should mention that if they were alive today, my great-great grandparents–that came out west via covered wagon in the 1850s–might be miffed to hear that they were branded as part of a “genocidal” movement. They didn’t come out west looking to slaughter …


Finding Your Land Rover in the Wild Kingdom of Banking

I grew up in the1960s glued to the television, like most other suburban kids. One of the shows that I enjoyed watching was Wild Kingdom, sponsored by Mutual of Omaha. The wise old narrator, Marlin Perkins, went way out in the hinterboonies of South America and Africa to film his documentaries. But I noticed that he was almost always a detached observer. It was usually his young, muscular assistants that were put in harm’s way, but not Perkins himself, who was safe and sound. He often made comments such as: “‘I’ll watch from the safety of the Land Rover, while …


Letter Re: Advice on Food Storage and Preparation

Hi James: Thanks for publishing my past essay and thanks again for what you do on your SurvivalBlog. Your web site and the consequent path I’ve traveled since I began reading here has put me in contact with many folks who are pursuing similar courses of action; to take personal action to be prepared, and when possible to discuss and work with others to secure a survivable future. Please advise me on some of the best and up to date books you’ve found on food storage. Being new to this line of endeavor, I feel our family needs some better …


Letter Re: Cigarette Smoking and Preparedness

James, My husband and I think you are smart and I was hoping for a few words about cigarette dependency (and perhaps alcohol as well). We are fairly prepared and often strategize on making our plan better. I see cigarette smoking as a weak link. Just when I am going to need his help the most, he will be in the fetal position with withdrawals from the inability to smoke. Or perhaps I will have to deal with lung disease when there are no doctors available. A person can’t successfully hide while smoking. There is extra tension and confusion from …


Odds ‘n Sods:

Reader Gary J. asks: “So, you say you don’t have any room to garden where you live? Maybe you actually have a lot! You might like to do a web search on “vertical gardens” and check out this site: GardensUp.com    o o o Several readers mentioned a recent blog entry by Charles Hugh Smith: Yes, There Will Be Armageddon: Government Goes Bankrupt    o o o I spotted this linked at Drudge: U.S. Foreclosures Double as House Prices Decline. I strongly recommend that anyone looking for a rural retreat property should studiously monitor the foreclosure listings, via a service …



Note from JWR:

By now, most of you have read read that following the spectacular failure of IndyMac Bank, two (effectively, three) more US banks have failed. Clearly, the dominoes are staring to fall, just as I presaged. The pace at which the wave of bank failures continues is difficult to predict. It depends on a lot of things including public sentiment, which is largely influenced by mass media spin. This could get very ugly, very quickly, so be ready. If you didn’t take my advice months ago, I most strongly suggest that you set aside a reserve of two months worth of …