Category: Current Events & Politics

Letter Re: Expanded Gun Controls in Canada?

Mr. Rawles, The owner of CanadaAmmo.com recently posted on a public forum (Canadiangunnutz.com) that the Royal Canadian Mountain Police (RCMP) Firearms lab “is encouraging importers to hold off on new imports until the fall, when they expect the prohibited list to be ‘updated’ to reflect new models.”  Updating the prohibited list in all probability and precedent would mean sweeping confiscations of some firearms. [JWR Adds: Unlike here in the U.S., Canadian gun laws don’t have a tendency toward “grandfather” exclusion clauses.] Even though the Conservative party of Canada now holds a majority government in Parliament and the party has claimed …


Letter Re: Alabama County Provides Microcosmic Preview of a Larger Bankruptcy

Dear Mr. Rawles — Here is a link to a story in this morning’s New York Times about Jefferson County, Alabama. It seems to be a microcosm of what the whole country faces as the threat of Federal default becomes real. The reporter says, “There are lessons for everyone here, and they are all painful: lessons for those who are not concerned about the prospect of mounting debt, for those who insist that steep cuts can be relatively painless, for those who think the bill for big spending can safely be put off into the future, for those who have …


How to Survive the Cities During TEOTWAWKI, by Lara W.

Get out of the cities. Most would agree this is a key rule of survival during the end of the world as we know it.  After all, millions of people reside in cities around the globe. Supply store shelves can become bare in mere minutes, water can become rapidly contaminated by overwhelmed sewage systems, and riots can outnumber and overtake law enforcement. The urban environment also renders certain wilderness survival tactics unsafe, such as cooking over a fire. Cities are vulnerable to uncontrollable fires. They make prime nuclear targets. Disease spreads among city dwellers at an astounding rate. There are …


Letter Re: A Prepper Goes to College

JWR: S. John’s article on higher education generated some great responses, many of which urged careful attention to choosing an area of study that would be of practical use if/when TSHTF, engineering, medicine or nursing rather than law, English, sociology or political science.  I couldn’t agree more that practical skills will be needed.   In spite of the general disrepute in which lawyers are held, however, I’d like to suggest that law is and will always be a practical skill. If I claimed that 90% (or even 95%) of all knowledge in the field of medicine has been acquired in the …


Smoke and Mirrors: The Full Implications of the U.S. National Debt

We are told by U.S. Treasury officials and the Congressional Budget Office (CBO) that the Federal Government’s debt is now just over 100% of our nation’s annual Gross Domestic Product (GDP), and while this level of debt is “alarming”, it is “still sustainable.” Meanwhile, Greece’s sovereign debt is now 157% of its GDP, and the nation is on the verge of default and collapse. I presume that Joe Sixpack here in the U.S. sees the news headlines and says to Mrs. Sixpack: “Wow, those poor Greeks. I’m glad that we don’t live there. I wouldn’t feel safe, living in Greece.” …


Six Letters Re: A Prepper Goes to College

James:  The article “A Prepper Goes to College” by S. John aptly points out a problem in which is completely avoidable.  It is heartbreaking to know that so many people are setting themselves up for a life of lost opportunities by being saddled with educational debt.   This problem is the subject of the book Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents by Zac Bissonnette.  “Debt-Free U” points out the huge disparity in the cost/value relationships of the many college education options.  It provides strategies (solutions) for getting a good …


A Prepper Goes to College, by S. John

In this article I intend to give the prepper some Christian perspective on what is valuable in an education. First, a couple of quotes: “Youth is wasted on the young.” – George Bernard Shaw “Education is wasted on the youth.” – Michelle Hanson Many people are considering college and advanced education this year, especially with the unemployment at record highs. They believe that having a college degree will help them get out of the economic slump they find themselves in. They imagine a high-paying job in a new field, and economic prosperity. Unfortunately, college is not what it used to …


Letter Re: Dollar Collapse, Deflation, Inflation, and Consumer Debt

Jim: I have a question and would like your opinion on a question that relates to your recent article, The New Century: An Era of Upright Spikes.  I have also read countless other articles and watched interviews/videos from ‘experts’ that all have the same general consensus: Our economy, as well as the globe, is either going to collapse or get significantly worse. My question; I am curious if there is any way to tell how long we have to prepare for WTSHTF of TEOTWAWKI?  My reasoning; I want my family (currently my wife and I along with two dogs) and …


Letter Re: Ohio’s 31+ Round Magazine Ban Insanity

Hi Jim, I was just re-reading your tangibles investing article linked in today’s blog.  Please let your readers know that even though preemption is the rule for the Ohio cities that had previously banned standard capacity magazines; Ohio has a very unusual state [felony] law: Any magazine 31 rounds and larger is classified as a “automatic firearm”. This may sound crazy but it is true.  So don’t add 40 or 50 round magazines or 100 round drums to your gun collection in Ohio. Under Title 29 of the Ohio Code: “(E) “Automatic firearm” means any firearm designed or specially adapted …


The New Century: An Era of Upright Spikes

We are entering an era of upright spikes. Clearly, the debt-driven global economy is spinning out of control. The aggregate value of the derivatives market is exploding and meanwhile food prices are spiking. Both of these are threatening huge economic dislocation and subsequent social turmoil that–just as I predicted five years ago–will topple governments. I stand by that prediction. (And, for the record, I’m not just talking about failed votes of confidence. I’m talking about revolutions.) Note: Because SurvivalBlog’s diverse readership expects access on mobile devices, I intentionally minimize the use of graphics in my blog. But this particular topic …


Letter Re: The Reality of Paying Off Huge Government Debts

James: I missed this news story when it came out last fall: Germany finished paying off its WWI war reparations on October 3, 2010. That was 92 years after the Treaty of Versailles set the amount at 83% of Germany’s GDP.  Funding these payments was largely responsible for the economic collapse of the Weimar Republic (with its hyperinflation). What will it take to pay back the debt we’ve imposed on ourselves? Depending on how you count it, the current government debt is between 14.2 Trillion (Treasury number) and 62 Trillion (when you include liabilities for Fannie/Freddie and current-value obligations for …


Guest Article: The Screaming Fundamentals for Owning Gold and Silver, by Chris Martenson

This report lays out an investment thesis for gold and one for silver.  Various factors lead me to conclude that gold is one investment that you can park for the next ten or twenty years, confident that it will perform well. My timing and logic for both entering and finally exiting gold (and silver) as investments are laid out in the full report. The punch line is this: Gold and silver are not (yet) in bubble territory, and large gains remain, especially if monetary, fiscal, and fundamental supply-and-demand trends remain in play. Introduction In 2001, as the painful end of …


Letter Re: The Argument for Return to Constitutional Principles

Dear SurvivalBloggers: Growing up along the shores of Lake Michigan, I often looked upon the most foundational landmarks of the region; lighthouses.  Each was unique in design but singular in purpose, their sole function being to provide a beacon of hope and direction amidst turbulent times of treachery and despair.  When a vessel lost its bearing, wandering aimlessly, the lighthouse was ever present to guide the way to safety.  Throughout history, man used tools such as lighthouses as guideposts toward security and prosperity.  Without them his efforts were often misguided, lost, and smashed upon the rocks of hopelessness. America’s shores …


Letter Re: TOR and the Onion Networks

The Onion Routing (TOR or Tor) project is one of the best ways to stay anonymous on the web. The project was initially funded by the Navy, but over a few years evolved into a non-profit organization. The goal of the TOR project is twofold: to allow for the anonymous browsing of the internet, and to allow people to connect to the .onion network. This is a basic illustration of how it works is this. Lets say every internet site you visit is a store front in a basic town. You go in and out of stores in the daylight. …


Letter Re: Adjustable Rate Mortgage Rate Resets

Dear JWR: Back in 2009, and even as early as 2007, many dire predictions were made about the massive wave of Alt-A and Option ARMs that were to reset in 2010 and 2011. See this widely-cited chart. (First mentioned in SurvivalBlog in January of 2009, in a link to iTulip.) Like many of you, I braced for impact, and then, nothing. What happened? This happened. Alt-As and ARMs have been resetting, but at very low rates, keeping the level of defaults lower than they would otherwise be. I don’t believe this is a coincidence. The Federal Reserve has been keeping …