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Jim, Re the bank runs in the UK and warning about similar actions in the US: I don’t deal much with banks so I have a rather silly question to ask about this situation. If there is a run on a particular US bank that I happen to have accounts/cash in, what actually happens at the bank? Do they close the bank up completely? Can you still access your safe deposit box or is everything shut down? The reason I ask is that if I moved physical cash from my “electronic accounts” to a safe deposit box, will I have …
Jim, I don’t understand why the discussion on your blog regarding EMP assumes only ground based and aircraft altitude detonations. It seems to me an equally likely attempt will be a ballistic missile detonation at maximum altitude, such as with a Scud or Chinese one, launched from a freighter off the east or west coast of the US. Al Qaeda is known to own a fleet of freighters which are not well tracked (stolen in hijacks or even purchased outright). Iran, North Korea, Syria, and [Dr. A.Q.] Khan’s rogue network are all working hard to develop a nuclear capability and …
Thanks to RBS for sending this: U.S. Home Foreclosures Soar in August, Up 36 Percent From July, and Prepare for prolonged turmoil, says US Treasury Secretary. A comment from RBS: “Once again, we have to go aboard to get any [substantive] economic news.” o o o Chuck, Joe, and Nathaniel all forwarded us this one: Fears of dollar collapse as Saudis take fright. The article begins: “Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signaling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg …
“Do not ever make the mistake of thinking that the other guy is as bad a shot as your shooting buddies are.” – JC121, at TheHighRoad.org
The bidding is now up to $450 in the SurvivalBlog benefit auction, for a scarce pre-1899 antique Finnish M39 Mosin Nagant rifle from my personal collection. This rifle was rebarreled by Valmet during WWII, and is in excellent condition. It comes with a replica bayonet, original sling, and original muzzle cap. Since the receiver for this rifle was made in 1898, it can be mailed directly to the winning bidder’s doorstep, with no FFL paperwork! The auction ends on October 15th.. Just e-mail us your bid.
Jim: You can buy a couple of standard jets for the particular carburetor you are working on, then measure the opening in your current carb and add the 38% to the hole size and drill the jet out with the proper size drill. Be sure to go 38% larger in cross-section, not in diameter. – Michael Z. Williamson Jim, In regards to the article about converting small engines to ethanol, there are a few things to be aware of as far as “being prepared” goes. BATFE regulations: Regardless of what you are making with a still, whether it be …
Jim, I am a big fan of your writings but I did have to try to correct a misconception I saw [posited by a reader] on SurvivalBlog. I am an ex-fighter pilot and am well-versed on EMP effects as it did affect my mission at the time. I am now a pilot for one of the major airlines and have been one for about 18 years now. Not all airliners will fall out of the sky as is popularly thought from an EMP. Many airliners still actually fly by cables like the DC 9 and its versions such as the …
The Fed blinks. From Bloomberg: Federal Reserve Lowers Rate to 4.75 Percent, First Cut Since 2003. This rate cut can only spell further weakness in the dollar versus foreign currencies. If the Fed has misjudged the patience and charity of the international financial community (and I think that they have), then be ready for a full scale dollar crisis in the next few months. OBTW, did you notice that spot silver jumped to $13 per ounce and gold to $724 in after-hours New York trading? I told you so… o o o RBS sent us this: Fears grow for …
"[T]he militia, sir, is our ultimate safety. We can have no security without it." – Patrick Henry (from the debates over the adoption of the proposed new American Constitution of 1787)
The headlines are full of economic gloom and doom. (For example, don’t miss reading today’s Odds ‘n Sods section.) This is the news that I’ve been warning you about for many months. You can expect things to get much worse before they get better. At least I can rest assured that most SurvivalBlog readers are well prepared. A reminder that the WRSA has a high power rifle shooting clinic scheduled for this weekend, in Yakima, Washington (September 22-23). These clinics are great way to get high quality rifle shooting instruction for a fraction of what you’d pay at one of …
One of my hobbies is muscle cars and I have friends that are drag racing fanatics so I am around engines that run on ethanol weekly. Here is what I have learned, If an engine is carbureted and runs on gasoline then it can be converted to run on ethanol (corn liquor). First off a little info on ethanol, it is any distilled spirit in its pure form. Everclear is ethanol, its just expensive due to the alcohol tax the government imposes. Now the ethanol you buy has been denatured so as to make it poisonous to drink and therefore …
Hi Jim, I saw the posting about police trade-in guns and thought I could weigh in both as a cop and as a law enforcement firearms instructor and armorer. Cop trade in guns can be a real steal if a buyer understands a few things. First, a majority of trade-in guns are low mileage, high wear guns. What that means is that the guns will often see anywhere from minimal to extensive holster wear. However, in this day and age, a majority of cops are not routine shooters and therefore, rarely shoot their assigned duty pistols. If a buyer has …
Frequent content contributor SJC suggested this article by Michael Panzner: The Time to Panic is When Those in Charge Say “Don’t Panic”. JWR’s comment:The bank run that Mr. Panzner mentioned (at Northern Rock–a mortgage lender in England) could very well spread to other banks primarily associated with mortgage lending, and then in a worst case, if a fevered bank run ensues, all banks. Here in the States, the public’s trust in the FDIC and FSLIC insurance will probably slow any bank runs, but the end result may be long delays before deposits can all be paid out, and even lengthier …
"Let me now reassure you, your money is safe with us and if you want some, or all of it back, then you are perfectly entitled to it. Whilst you may have to wait a little longer than usual to receive it, you will get it." – Adam Applegarth, Chief Officer, Northern Rock Bank, (The fifth largest mortgage lender in England), September 14, 2007