A Derivatives Market Meltdown: “We Apologize for the Inconvenience”

The collapse of the Collateralized Debt Obligation (CDO) market underscored the enormous overhang of the larger over-the-counter derivatives contracts market. This is far from over, folks! For example, we have not yet to seen a full-blown Credit Default Swap (CDS) market implosion. I have been warning blog readers about CDS instruments since 2005. And even though our politics are diametrically opposed, I was not surprised to see George Soros recently chime in on the subject. Derivative instruments are essentially unregulated and they measure in the hundreds of trillions of dollars. The counterparty risk is enormous, yet the derivatives market is …




Welcome to the Savage World of the Year 2009

“Welcome to the savage world of the year 2009”. That was the tag line of the 1992 sci-fi film Freejack , starring Emilio Estevez. Do you remember it? The movie that featured Cadillac Gage V100 wheeled APCs painted in bright colors? My old friend All-Grace-No-Slack-Really-Reformed Kris just reminded me about this movie. Kris noted: “It was a bit corny but it had some good scenes and characters such as Amanda Plummer as the gun-toting nun.” This film provides an insight on what futurists then thought 2009 would be like, as well as a retrospective on life in 1992. Let’s look …







Letter Re: A Ship’s Belated Flu Quarantine as an Object Lesson

Hi Jim, Here is a bit about the progress of Swine Flu in Australia with this article about a quarantined luxury cruise ship. We now have a cruise ship, the P & O Pacific Dawn, being quarantined at Willis Island on the Great Barrier Reef – with 2000 people on board. Yesterday the ship was photographed flying the yellow quarantine flag! Our “brilliant” state health departments let 20 infected people disembark at Sydney and they [then] flew throughout Australia . [Some background:] 13 of these people turned up at the Robina Hospital at the Gold Coast and the staff at …










Letter Re: FDA Restricts Over the Counter Sales of Bulk-Size Hemostatic Supplies

Sir; I try to keep a gun shot trauma kit with my shooting range supplies; when I was ordering some new medical supplies from North American Rescue I was informed that the public can no longer purchase Quikclot ACS+ or any other such hemostatic from them. The operator proceeded to tell me that the [U.S.] Food and Drug Administration (FDA) began regulating these products mid-May because “they go inside the human body.” I was able to order some of my other products in the “scrape and light cut” size” but none of the larger quantity hemostatics. Perhaps some other SurvivalBlog …







Mexican Flu Update:

Kudos to KAF for sending this piece: Researchers: Swine Flu Genes Swirled for Decades Undetected Emergency Preparedness Exercises Held at Banks Swine Flu Spreads in Australia Some Older People May Be Immune to Swine Flu Swine Flu Extends to Tokyo; 11,000 Cases Worldwide 56 Hospitalized with Swine Flu in NYC Dr. Niman’s World Flu Tracking Map




Letter Re: Any Widespread Flu Will Overwhelm America’s Emergency Medical Services

Dear Mr. Rawles, As an avid SurvivalBlog reader since ’05, I’ve got to say, the quality of your blog continues to go up and up. Just when I think I can’t possibly absorb anything more, new posts appear that make me think, plan, and act. Upon your blog’s advice, I have begun taking an EMT class at a local college to expand my medical knowledge base. What the Paramedic teacher said today in class gave me the chills. We were discussing all manner of diseases and then he touched on H1N1, the Swine Flu and its possible affects upon the …







Into the Maelstrom, and a Refuge on the Far Side

For the past few weeks I’ve let the news headlines speak for themselves, but I now feel convicted to comment on the deteriorating economic conditions. The global economy in general, and the economies of the English-speaking nations in particular are in deep, deep trouble. A massive credit bubble has popped, and all efforts to re-inflate it have failed. National congresses and parliaments, are throwing trillions at the problem, but they have done no good. The policy wonks in government, and their cronies at the central banks are essentially clueless. Their uniform reaction to each failed “stimulus” policy seems to be: …







Mexican Flu Update:

CDC: Up to 100,000 Are Probably Infected in US US Deaths at five, all reportedly with underlying health problems. Globally, 7,000 (which means many more cases than have been confirmed) Swine Flu Cases Continue to Rise But No Pandemic Called Yet “Fukuda notes a pandemic has nothing to do with the severity of the disease, but rather with its geographic spread.” Avian Flu Beaten By Cold Noses WHO eyes swine flu transmission rates, new vaccine




Adios to Naish Piazza, But Perhaps Not to Front Sight

This news article was published yesterday: Business as Usual? Front Sight Assets Seized. Please take the time to read it. I haven’t yet been in touch with the new management at Front Sight to get any additional details. Last night, I dismissively posted a piece to SurvivalBlog, castigating the plaintiffs in this case. But then I spent several hours later last night doing web searches about the various Front Sight lawsuits, and it was an eye opener. Up until yesterday, I had thought that only one of the lawsuits had any merit, and that Naish Piazza was merely a convenient …