Category: Current Events & Politics

Two Letters Re: Abandonment of the Dollar is a Premature Rumor

Dear Editor: This civil debate on the status of the Dollar–and thanks, by the by, for keeping things civil on your blog–all comes down to a matter of not “if”, but just “when.” The United States Dollar will soon be dead meat. Finis. See this article: Reckoning Day for US Dollar Coming Next Year. We just need to ask: will the[definitive] end [for the dollar’s dominant reserve status] come in six months, or six years? So, no matter when, I’m hedging by building up my stash of silver and lead. (The kind that goes “bang.”) Since I’m still paying off …


From Michael Z. Williamson: M4 Carbine Failures in Afghanistan Likely Due to High Rate of Fire

Dear Jim, The alleged failure of M4s in Afghanistan is being discussed on my forum and others. The story so far seems to be that when troops fired enough rounds [in a very short period of time] to overheat the weapons, they jammed. This is true of any weapon. Of course, circumstances may dictate that this happen, but it is not a design defect. The M4 is a carbine, not a light machineguns. It’s akin to blaming the HMMWV for having bad armor, when it was designed as a light truck. This site has some details, and a link to …


Three Letters Re: Abandonment of the Dollar is a Premature Rumor

James Wesley, Regarding the oil-denominated-in-dollars flurry, two important points must be noted. First, dollar denominated contracts can be immediately hedged in foreign exchange markets (FOREX) even before the oil is pumped out of the ground. The oil barons aren’t stuck holding their dollars any longer than they can call a FOREX desk or sovereign Treasury department (3/4 of the world’s oil is owned by governments, not Exxon/Chevron/etc.) The more important point of dollar-denominated oil contracts is dollar prestige. Documents from the Federal Reserve show that Arthur Burns not only was interfering with the gold markets three decades ago, but the …


Two Letters Re: Abandonment of the Dollar is a Premature Rumor

In response to InyoKern’s letter: The title of this discussion thread and the original text that went with it could just as well have been written by any of the well-scripted talking heads on mainstream F-TV (financial television). My initial inclination is to be diplomatic, but considering the exceptional economic times we are currently witnessing, I say, “Balderdash!” I could reasonably conclude that the majority of the readers of “Survivalblog” are more apt to follow unconventional economic sages such as Jim Sinclair, Jim Willie, Jim Rogers, Bob Chapman, or Peter Schiff as opposed to the well-orchestrated financial propaganda of CNBC, …


What Recovery? Find Yourself a Recoveryless Job

For more than a month, the mainstream media has been yammering about an economic recovery. Chasing phantom “good number” statistics amidst an onslaught of otherwise bad economic and global credit market news, the Wall Street cheering section is desperately seeking some news that the current recession is coming to an end. They talk about “the recovery in progress”–almost a fait accompli. They have been so good at this that they have fooled some investors into putting their sidelined money back into the stock market. What a masterpiece of disingenuous grandstanding. But the sad truth is that there is no genuine …


Two Letters Re: Applying For a Non-Resident Concealed Carry Weapons Permit/License

James: That was a very good article on by “Sgt. Survival” on CCWs. Just one minor correction ion the portion that mentioned Nevada The cost of the permit is $100.25 for five years. The training must also take place within the county where you will be applying for the permit. You can take the course anywhere in the state, regardless of whether you are a resident or non-resident. If you are a resident, you must apply in the county where you reside. My wife and I are CCW instructors and have signed off people from other counties just fine. They …


Letter Re: Bank Walkaways–Banks Intentionally Not Fully Foreclosing?

James Wesley, I just read an ad on Craigslist explaining some sad stories for individuals on “Bank walk aways” . See BankWalkaways.com for more. It appears that [some] banks are intentionally not auctioning off properties foreclosed on and leaving the titles (… legal responsibility, liabilities, etc.) in the original record holder’s name. Down the road these vacant properties are vandalized, looted, burned etc., then the city comes a callin’ for the “homeowner” to fund the repairs / demolition. This is outrageous if this is true! Thanks are hardly enough for the wake up call you’ve given me through your book …


Letter Re: Some Economic Indicators to Watch

James Wesley, I just had lunch today with a senior bank executive in Chicago. He confirmed much of what I have been seeing in the economy. After picking his brains, I have put together a few economic indicators to watch: – Christmas will be a financial disaster – people are reluctant to spend their cash. Weak sales will be a tipping point for many retailers – Commercial real estate is the next “shoe-to-drop” – Small businesses continue to struggle – their problems will broaden and deepen as credit is strangled – SBA loans are off-the-street, defaults may be as high …


Real-Life Inspiration for Preparedness, by K.P.

Background Information: My interest in preparedness started in earnest really just a few months ago.  Before that, I had been an avid backpacker, rock climber, and other sports which require self-sufficiency and forethought.  I am also a Red Cross volunteer.  I was at hurricane Wilma, and I have done local search and rescue, amongst other things.  This February I was dispatched to the south-western region of Kentucky for the Ice Storms.  What I learned there changed me in a lot of ways. I was aware of the pending economic collapse, but hadn’t really thought of practical things to do until …


Letter Re: Cattle Rustling on the Rise

James, First off, we continue to pray for your family. Whatever the Lord’s plan is, he will show you grace and mercy. Blessed be the name of the Lord. Secondly, one of my cattle buyers, corroborated by one of my truckers, has informed me of some signs-of-the-times, unconfirmed via regular news outlets so far, cattle rustling in Pennsylvania is on the rise, including something not usually seen, carcass remnants. Several barns/pastures have cattle missing, one load of which was recovered at a sale barn, and at least a half dozen reports from different farmers finding carcasses, with primals cut out, …


The Open Carry Debate Catches Mainstream Attention

For anyone that might have found my warnings about feral dogs (such as in my “Pulling Through” screenplay) somehow alarmist, see this article: Sheriff: Georgia couple likely killed in dog attack. Too bad that you need a license to carry a firearm openly in Georgia. Parenthetically, we have the occasional grizzly bear that passes through, here at the ranch, but at least we are regularly armed, so we have a fighting chance. IMHO. the open carry ban in Georgia is a racist anachronism that should be abolished. And speaking of open carry, our compadre Tamara mentioned this: Man carries assault …


Delay and Pray: Why the FDIC is Broke, by Dr. Gary North

“If it ain’t broke, don’t fix it.” — Burt Lance “If it is broke, don’t admit it before you absolutely must, and then blame it on events that no one could have foreseen.” — [Gary North’s] universal law of bureaucracy Burt Lance was briefly the head of the Office of Management and Budget under Jimmy Carter. He was a Good Old Boy from the banking world of Georgia. A William Safire piece, “Broken Lance,” created enough bad publicity to persuade Lance to retire in September 1977. The article won Safire a Pulitzer Price. Lance’s aphorism, taken from the South, has …



Hard Times at Here–Are You Ready?

The hard economic times that I–and many others–warned you about are now here. We are clearly now in the opening stages of a full-scale depression that will last a decade or longer. This news article (sent to me by SurvivalBlog reader Eric C.) .about an unemployed couple in Indiana is a microcosm of what we will be witnessing for the next decade. Take a few minutes to read it. Our pampered society is in for a rude wakening. Now, at the risk of sounding unkind and judgmental, the term “white trash” comes to mind. Note that this man in Indiana …


Letter Re: Increasing Security for an 1870s House

Hello Jim, My family and I have been offered a great price on a house ($7K,000 for a 3,400-square-foot two-story house, built in 1876, with a full basement and large backyard–the house was originally on the market for $104,000, but the seller hasn’t had any offers in three years, since the housing market crashed) in a small city with open spaces less than an hour’s walk away if bugging out should become necessary. However, the bigger appeal of this house is the ample space it provides for us and a few other family members, a large backyard for gardening and …