Economics and Investing:

The Two Worlds of 2012: Will We Have “Inflation” or “Deflation”? Europe Brings Out The “Capital Controls” Bazooka U.S. Derivatives Probe Eyes Bank Control of LCH.Clearnet Pierre M. sent this: Italy ‘may need bailout’ – The Irish Times Items from The Economatrix: Fed Says US Wealth Fell 38.8% in 2007-2010 in Housing S&P Says US to Avoid “Fiscal Cliff,” Risks Remain Moody’s Cuts Cyprus Sovereign Rating Two Notches Fall In May Retail Sails Driven Entirely By Lower Gas Station Spending


Odds ‘n Sods:

We are pleased to welcome our newest volunteer foreign correspondent, Giorgio in Italy. Here is a brief biography: “I am 40 years old and lucky enough to be married to a beautiful and intelligent soul mate who is an Italian professoressa, fluent in five languages. We have been married eight years, with, alas, no children. We live 8-to-9 months a year in northern Italy, an hour from Milan, with the rest of our time spent in the States or traveling. Having traveled and, periodically, worked in much of Europe and sub-Saharan Africa, we have had some experience in dealing with diverse cultures and getting the “other guy’s” perspective. My degree …


Jim’s Quote of the Day:

"The Roman Republic fell, not because of the ambition of Caesar or Augustus, but because it had already long ceased to be in any real sense a republic at all. When the sturdy Roman plebeian, who lived by his own labor, who voted without reward according to his own convictions, and who with his fellows formed in war the terrible Roman legion, had been changed into an idle creature who craved nothing in life save the gratification of a thirst for vapid excitement, who was fed by the state, and directly or indirectly sold his vote to the highest bidder, …


Notes from JWR:

Notes from JWR: Today we present another entry for Round 41 of the SurvivalBlog non-fiction writing contest. The prizes for this round include: First Prize: A.) A gift certificate worth $1,000, courtesy of Spec Ops Brand, B.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost $795, and C.) Two cases of Mountain House freeze dried assorted entrees in #10 cans, courtesy of Ready Made Resources. (A $350 value.) D.) a $300 gift certificate from CJL …


20 Reasons Why America’s Next Bank Holiday Will Be a Nightmare

The world is on now on the brink of a global credit crisis that could be far worse than the tumultuous events of 2008. The ongoing sovereign debt crisis in the southern reaches of the Eurozone indicate that bank runs in the region will continue, and that more bank closure “holidays” will be declared. Under a bank holiday, virtually all deposits could be frozen and irredeemable for days, weeks, or even months. The key question is: Will this crisis spread to the rest of Europe and then even to the United States? I urge SurvivalBlog readers–particularly those in Europe–to be …


Food Forest Gardens, by Jason T.

Author’s Introductory Note: As I read through page after page of food items and materials that preppers should stock up on, I have to wonder, “Have people really thought out what is coming?” I believe we are heading for at least a collapse of the US dollar, if not all fiat currencies. We are looking at a financial collapse greater in magnitude than the Great Depression. I have spent the last four years studying economics in my spare time, and though I understand that my sources can be (and are) biased, I have looked at a lot of writings from …


Letter Re: Advice on Buying Silver

JWR, My wife and I have been discussing which type of physical silver to buy to get out of dollars, but we are unsure of where to start.  On your blog and in your books, you expound on the benefits of pre-1965 coinage with its 90% silver content, and we have looked at buying these coins in bulk from Northwest Territorial Mint.  While perusing that site, we also found that they sell one troy ounce Silver Eagles struck by the US Mint that are .999 pure silver.  There are pros and cons to both the pre-1965 coins and the Silver …


Economics and Investing:

To follow-up on a previously-mentioned piece: Firearm-friendly towns in Idaho lure gun makers. (Thanks to Mitch C. for the link.) Peter Schiff Back on Capitol Hill Reader Tom K. found a Deloitte study that shows some insights on America’s true debt situation: America’s Debt Crisis: New research reveals five unexamined risks Pierre M. suggested: Damning Evidence in the MF Global Case B.B. sent this: Driven by gold and silver prices, thieves target coin collections Global Financial System, A “Dead End of Historic Proportions” Items from The Economatrix: Greece Warned as “Beyond Repair” The Euro’s “Guilty Men” Are Now Steering Europe …


Odds ‘n Sods:

This law goes beyond Nanny Statism: Ohio House Okays Ban on Hidden Car Compartments. So, simply wanting to hide your valuables from thieves is now presumed to be criminal intent? That is madness. Just like bans on body armor, carrying guns or edged weapons, and fortifying house doors, this shows a serious erosion of our right to defend our lives and property. OBTW, a ban on body armor goes into effect in Alberta, Canada on June 15, 2012.    o o o For just the month of June, Freeze Dry Guy has announced: 20% Back when you mix and match …


Jim’s Quote of the Day:

"You will find an allusion to some mysterious cause for a phenomenon in Stocks. It is surmised that the deferred debt is to be taken up at the next session, and some anticipated provision made for it. This may either be an invention of those who wish to sell, or it may be a reality imparted in confidence to the purchasers or smelt out by their sagacity. I have had a hint that something is intended and has dropt from 1 which has led to this speculation. I am unwilling to credit the fact, untill I have further evidence, which …


Note From JWR:

Today we present another entry for Round 41 of the SurvivalBlog non-fiction writing contest. The prizes for this round include: First Prize: A.) A gift certificate worth $1,000, courtesy of Spec Ops Brand, B.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost $795, and C.) Two cases of Mountain House freeze dried assorted entrees in #10 cans, courtesy of Ready Made Resources. (A $350 value.) D.) a $300 gift certificate from CJL Enterprize, for any …


Unassisted Childbirth and VBACs, by Dr. J.E.

I read the article by “American Dad” titled “Prepping and Unassisted Childbirth”, and I must comment on some of his points.  As a “senior” practicing Physician, and an avid closet “Prepper” since the early 1980s, I have often considered the health consequences of a true SHTF scenario.  Only recently has my Family suddenly decided my preparations are not so “far out there” after all, but it has been a lonely quest these many years.  I long ago gave up trying to convince people to look past and through the media hype and actually “see” what is running the world view.  …


Letter Re: Development of Montana and Idaho Economies

JWR: In today’s post there was a letter about the wisdom of encouraging development in Idaho and Letters Re: Development of Montana and Idaho Economies. The writer commented on how the new arrivals will ruin the area. I watched this exact chain events unfold over the last 35 years in rural Wisconsin where we bought and built our retreat. We purchased 113 acres in the second poorest county in Wisconsin. The area was mostly farming with pockets of recreational lake population. The lake we lived close to was a small (175 acre) “Grampa’s fishing Cabin” type lake. I was able to …


Three Letters Re: Why Not Canada?

Dear Sir, I just wanted to mention that Canada’s Conservative Government has recently eased gun laws quite significantly. Whilst pistol ownership is a nightmare here, I don’t see this as too much of an issue in rural areas, especially during a SHTF scenario. When it comes to rifles however, if you have a permit to own non-restricted rifles, you have many good options. This permit is simple to obtain. Once you have it, you can buy non-restricted weapons without any kind of registration. So whilst the Government might know you have a permit, they do not know how many or …


Economics and Investing:

The current liquidity crisis on the southern periphery of the Eurozone now appears likely to spread to all of Europe, and then globally. There are already quiet electronic bank runs in progress in Greece and Spain. On Monday, a bank “holiday” was announced in Italy. More bank runs will likely follow. As of today, Wednesday, June 13, 2012, I strongly urge all SurvivalBlog readers to immediately draw down their checking accounts and liquidate their CDs, passbook savings accounts, and most of the their stocks to buy tangibles. If you already own a retreat, an honest one year storage food supply, …