Category: Current Events & Politics

The Money Market Managers Unleashed–An End to the Road to Redemption

Last week, SurvivalBlog reader Noah C. sent me a link to piece by Dan Denninger: SEC Tightens Rules for Money Funds. Noah made this comment that amplified Denninger’s observations: “Here is the most interesting part: That a Money Market Fund’s Board of Directors can now ‘inform’ the SEC (instead of request) that they are suspending fund redemptions.” I also heard from our friend Darrin in Wyoming about same topic. He wrote: “A Wall Street Journal report mentioned that the SEC voted Wednesday (1/27/10) to allow money market fund managers to freeze redemptions, in an effort to ‘make your investments more …


An Insider’s View of the Real Estate Train Wreck, by David Galland, The Casey Report

The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty member himself, knows, we’re very selective with our speakers. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate. My interest in Andy was due to the fact that he has been singularly successful in pretty much all aspects of the real estate market, including financing and developing large projects – such as shopping …


Letter Re: Food Handouts Turn Chaotic in Haitian Capitol

Dear James: I came across article today titled Food Handouts Turn Chaotic in Haitian Capitol. I find it quite amazing that still to this day and age that the government and social aid organizations are so unorganized. I think that they should use the novel One Second After [by William R. Forstchen] as a guide for food distribution. I’ve just finished reading that novel, and it just justifies that all preppers (including myself) are not crazy thinkers we are just making sure that we can take care of our families when something either natural or governmental disaster happens. – A …


Letter Re: Hyperinflation Appears Certain for the US Dollar

Jim, During many years of “hiding, prepping and watching” I’ve tried to determine what series of events may lead to TEOTWAWKI. There are many, but not obvious to most. Hurricane Katrina and Haiti are examples of either predictable events or unpredictable instantaneous events as would be a single nuclear event such as a “suitcase bomb” . Each of these has a number of things in common, but the most significant is the limited geography associated with each. The biggest difference between Hurricane Katrina and the Haitian earthquake is the lack of adjacent unaffected land. In the case of Hurricane Katrina …


Eight Letters Re: Earthquake Aftermath in Haiti

Dear Jim, Thank you for the blog. It has helped my family and I to be more prepared than we had ever imagined. I found this Fox News article and thought you might be interested. There are a few things here that have been discussed at length in SurvivalBlog and in your books, but it is good to look at them [actually coming to pass] in real world situations. These include: 1) The police chief can get less than half of his force out. That is probably because they are trying to fend for themselves. 2) They are asking “what …


America is More Like Haiti than We’d Like to Think

The recent earthquake in the island nation of Haiti illustrates the fragility of all societies. While Haiti is unusual in its lack of infrastructure and its high dependence on foreign aid–more than half of its annual government budget comes from foreign aid–it is still similar in many ways to other nations: From the 1960s to the turn of the 21st century, as in many other nations, Haiti became an urbanized nation. Before the 1960s a substantial portion of Haitian society still lived on rural semi-self sufficient farmsteads. But as urbanization and specialization went on, fewer and fewer people lived off …


Letter Re: Advice on Convincing a Spouse to Prepare

Mr. Rawles, I am not sure if you can help me, however I was not sure who else I might be able to turn to for advice. I have always been a “prepared” type person, that stems from growing up relatively poor and living/working on a cattle ranch in southern Arizona, for a good portion of my life. We had to be prepared, living so far away from town! My wife and I were married almost three years ago, and currently live in southern Idaho. Being quite a few years my junior, eleven to be exact, she grew up with …


Notes from JWR:

The aftermath of the recent earthquake in Haiti has underscored the fragility of modern societies. In the event of a major disaster, it doesn’t take long for “the thin veneer” of civilization to be peeled back. And please keep in mind that headlines like the following are not exclusive to Third World countries: Gangs Armed With Machetes Loot Port-Au-Prince; Central Business District Resembles Hell On Earth As Bodies Pile Up And Armed Men Battle Over Food, Supplies. Here is a key quote from another recent news story from Haiti: “Money is worth nothing right now, water is the currency,” one …


Letter Re: Surviving Severe Winter Weather in Ireland

Good Afternoon Mr. Rawles, I thought you might like to know how the so called severe weather is treating us here in Ireland. We have had snow and ice on the ground for the past two and a half weeks. We live a couple of miles out of town and our local road resembles a skating rink, very easy to drive down the hill but not so easy to drive back up. But driving is not much of a problem as my wife is from the American Midwest and I spent five years living in the highest town in North …


Letter Re: Preparedness with Very Limited Resources

Mr. Rawles, I am grateful to you for providing this site. I am one of perhaps to many, who can barely make it check to check. Though I have been aware of what is happening for several years now, the amount of provisions I have been able to secure has amounted to nothing compared to what I am reading here. However, within this site is information which has been the greatest of value to, at the least, strengthen me with understanding. I sit here in the comfort of my home, surrounded outside with cold and over a foot of fresh …


Lessons from History: The Immigrant and the Refugee

As a student of history, it is surprising how often the same traumatic patterns emerge in times of economic turmoil, political upheavals, and civil unrest. All too frequently, average citizens get caught in the middle of tumultuous situations and unwittingly are soon reduced to the status of refugee. Unlike someone that intentionally emigrates to better themselves, a refugee typically hits the road with few or any assets and no sure destination. As I’ve mentioned before in SurvivalBlog, if the 20th century taught us anything, it is that the one category you don’t want to find yourself in is “refugee.” Refugees …


Letter Re: Deflation for How Long?

Dear Captain Rawles, I recently saw the following excerpted comment at Zero Hedge and the argument makes sense to me: In my opinion there is a flaw in the inflationary argument. It is only when money escapes into the general populace that the dilution effect on the currency actually occurs and drives up prices. By giving the majority of the new money directly to his buddies, Bernanke is simply changing the ratio of cash held in favor of the big banks and against the general populace. If the big banks fail to spend this money with wild abandon and instead …


Letter Re: We Have Some Hard Decisions Ahead

Dear SurvivalBloggers: The economy has taken a dramatic turn for the worse for many Americans. Hundreds of pages could be written to describe how it happened and who did it. While many individuals and households have had the financial resources and good fortune which will allow them to weather economic uncertainty, many will simply not be able to maintain their standard of living. Many two income households are now one income households and that income may have decreased due to companies cutting back on work hours. This situation has been occurring for many Americans for many many months, forcing people …


Letter Re: Buying a House in Australia?

Dear Mr Rawles, I pray that God may continue pouring His comfort, love and strength upon you and your family in these difficult times. My wife and I will finally settle down in Melbourne, Australia in 2010 after years of relocating internationally due to my work – we finally obtained the Australian resident permit! As a result of all the traveling, we have also had to leave all our savings in banks for all these years. We prefer living in a region to know it well before purchasing property, so we will probably purchase a house sometime in 2010-2011. As …


Letter Re: When Does the Other Shoe Drop?

James: I was having a conversation with my survival think tank buddy tonight and he asked me when I thought the dollar would collapse. I answered that it was like asking when the next ice age would come. It’s due in another 1,000 years but we could be off by century or a millennia. It’s the same thing with the dollar. It is impossible, mathematically speaking, for it to continue in it’s current valuation indefinitely as it is in a non-sustainable negative spiral for reasons people reading this blog are well versed. A collapse could happen tomorrow but is could …