Category: Current Events & Politics

Letter Re: A Closer Look at Bank Closures–Failed Banks Without Buyers

James Wesley, You recently posted this article: Seven banks closed in Fla., Ga., Ill., Kan. Remember something we’ve been trying to focus on? Watch closely for banks for which the FDIC cannot find a buyer. Read closely… in that article there were a couple banks that were only partially purchased by other banks. The FDIC held on to some of the liabilities of some of the banks. The real zinger is the First Arizona Savings bank – completely shut down, no buyer, no more bank. The FDIC is sending checks to those customers (hope you didn’t have more than $250,000 …


How We are Making Changes, and Our Lessons Learned, by K-Dog

After college (in the early 1990s), I was educating myself about finance even though I was not employed in that industry, I felt that if I was going to be responsible for my own financial well being during life I better start my education. I learned quite a bit, but failed to act on any of the information.  I was constantly seeking more and more info, then I had a series of jobs changes and got married, our first house and hence missed the “dot com” stock rally on all levels. Looking back I associate this with information paralysis. Lesson:  …


Letter Re: Defensive Firearms Options in Canada

Letter Re: Defensive Firearms Options in Canada Hi Jim, This is in response to Roger C.’s letter “Prospects for Canada in a Societal Collapse.” My guess is southern Alberta would be one of the best places in Canada to be in in a TEOTWAWKI scenario. Albertans generally buck the norm when it comes to Canadian values. Even among the conservative Canadian west, we are far more socially and fiscally conservative. This makes Albertans generally more self reliant, charitable, and less dependent upon government handouts than most other Canadians. We have a stigma for “cowboy culture” here for a reason. Other …


Letter Re: Europe’s Anti-Austerity Protests

JWR: Here are two links to recent news articles: Anti-austerity protests sweep across Europe, and Demonstrators protest spending cuts across Europe. How long until something similar begins to impact the U.S. may be as simple as this. The “hidden from public” depression, camouflaged by government “Robin Hood” programs like Food stamps, EBT cards, extended unemployment, various grants and subsidies, will become increasingly evident when, not if, the Fed slows down and/or stops payments that keep the masses satiated. It certainly can happen if austerity budgets rear their ugly heads and the wheels begin to come off our society. Or hyperinflation …


Letter Re: Thoughts on Upcoming Quantitative Easing

Mister Rawles: As many of the SurvivalBlog readers and individuals who are on the inflation/deflation watch have noticed over the weekend is the rumor that the Federal Reserve will begin what is commonly referred to at this point as Quantitative Easing, Round 2 (or “QE2”) , Fed Will Boost Balance Sheet by $500 Billion . Why is this important for the average American? The opening of the novel “Patriots” lays out a scenario where the Federal Reserve begins to buy U.S. Treasury debt which spirals out of control leading to the implosion of the government. There should be warning lights …


Letter Re: Why a Practice Garden?

Hi James, Concerning garden soils. Most of the bags sold as topsoil are really not top soil. Top soil occupies only on the top 6 to 12 inches of soil at best. It is called the ‘A’ horizon. What customers are getting is the deep ‘B’ horizon soils usually free of any rocks. ‘B’ horizon soils are found immediately under the ‘A’ horizon and can be any where from 20 inches to 10 feet deep. Mostly they are 2 to 6 feet deep depending on the parent material from which they have developed. Steer manure from a feedlot is most …


Letter Re: Amish Populations Bugging Out

Mr. Rawles: I saw the response to your link regarding the Amish and I concur. These folks are wonderful and are very good for a community. Where I come from in central Michigan the Amish community makes pallets. Trucks from far and wide go out of their way to come through the area for these high quality pallets. The pallets are just the base of their community. They also run a store that beats everybody, even Wal-Mart, on price. Sure, they don’t sell all that cheap Chinese stuff, but I consider that a plus. I can’t go past the store …


Shifting to Tangibles in an Age of Inflation

I’m often asked by my consulting clients why I put so much emphasis investing in tangibles rather than in traditional investments that are denominated in United States dollars. The problem with dollar-denominated investments is that they are vulnerable to inflation of the currency unit itself. The U.S. governments over-spending and deep indebtedness is bound to catch up with it someday. And when it does, inflation and economic ruin will be the result. But there is protection from inflation. If the majority of you assets are in tangibles and they are in your immediate possession, then you will be insulated from …


Letter Re: Australia’s New Nanny State Knife Ban

Dear Jim, Welcome to the newer even bigger Nanny State here in Australia. Here is some information with regards to new national knife laws coming into force soon. ( I believe about six weeks ). For all your readers it will be of interest that the Australian Federal Government is going to ban all imports of the following: multitools, lockback folders such as Old Timer, Schrade etc, Swiss army knives, and Wenger army knives. Never mind the fact that pocket knives and Swiss army knives have been used in Australia for over a century without trouble, but because of the …


Letter Re: What Your Cell Phone Could Be Telling the Government

James Wesley: Regarding the recent article at the Time magazine web site that has been forwarded far and wide: What Your Cell Phone Could Be Telling the Government. Remember, this is America. While there is no better place on earth to live, you are never any more free than They allow you to believe you are at any given moment. All you can do is live out your life, raise your family, eke out some happiness, and try to affect the change that is important to you in the short time you are here. It is certainly worthwhile (and patriotic) …


Convince Your Loved Ones To Prepare–Even When They’re Kicking and Screaming, by Patriot Chick

Becoming self-sufficient during a financial meltdown is difficult enough, but trying to convince reluctant loved ones to prepare can be doubly frustrating. It’s hard to understand how anyone wouldn’t want to start stockpiling their pantries after watching the aftermath of Hurricane Katrina, the earthquake in Haiti, and more recently the devastating floods in Pakistan. We all watched the newsreels; millions of homeless and hungry fighting for a spot in breadlines. If that isn’t reason enough, the U.S. continues to be threatened with nuclear attack. Meanwhile, most of us are hanging by a gossamer thread between solvency and financial ruin. We …


Letter Re: Massive Explosion and Fire Rock San Bruno California

JWR: Here’s an example of quick reaction in a disaster: Massive Explosion and Fire Rock San Bruno. Move decisively and quickly. It highlights why your G.O.O.D. plan has to be “pre-loaded”. Your car must have your 72 hour or 1 Week kit in it. There may not be time to do anything other than run for your life. – F.J.


Letter Re: FDIC Insider in Illinois Reports Diminishing Bank Merger Possibilities

Mr. Rawles, A close personal friend of mine is a FDIC bank auditor in Illinois. This person gives the final word on whether they will close a bank or not, to put it in simple terms. I’m sorry I cannot provide you with any more credible source other than my word which is based upon our conversations, but I feel it important to share this information with you and with the readers here. A little background: Most failed banks are essentially sold to other banks and some go into receivership. The common maneuver here is to transfer the assets and …


Letter Re: A German Army Think Tank Sees Dire Consequences for Peak Oil

Hello Mr. Rawles, A report on the political and economical impacts of Peak Oil by a think tank of the German Army was recently leaked to the Internet. It is, of course, in German. The think tank draws pretty drastic conclusions. I currently do not have the time to translate the essence of it, but this might be useful or interesting at least to your readers who are fluent in German. Here is a summary: Bundeswehr-Studie warnt vor dramatischer Ölkrise, [also in German] by Der Spiegel. Kind regards, – Chris K. in Germany JWR Replies: Thanks for alerting us to …


Letter Re: Hurricane Earl Headed for U.S. East Coast

Hi Mr. Rawles. I hope that everything is going well for you. You might want to pass this on to your readers. As of a couple of minutes ago, Janice Dean, the Weather Lady on the Fox News Channel, was discussing Hurricane Earl. They are urging all residents from the Outer Banks to the Canadian Maritimes to review their Hurricane Evacuation Routes and be ready to “Bug Out” within the next few days. Computer Modeling shows no weakening of the Hurricane, the only question is just how close Hurricane Earl will get to the Eastern Seaboard. God’s Blessings on you …