Category: Current Events & Politics

Three Rules for Living Through the Second Depression, by Chaz Valenza

I believe we are on the precipice of the Second Depression. Though President Obama is working valiantly to turn the country’s financial ship, it appears to me that the lack of a genuine economic engine to create sufficient, sustaining, value-adding jobs will come too late. What should the common man do? Much of the advice on how to live through such hard times is often too specific, not specific enough or draconian. How many of us are ready or should even consider survivalist methods? Who among us can afford to completely restructure their finances on a moment’s notice? Which of …


H1N1 Influenza: A Cytokine Storm Conclusion, But Still More Questions Than Answers

The good news on H1N1 (commonly called Swine Flu) is that in current strains the death rate appears to be as low as 1 in 2,000 infections, at least in First World countries with modern hospital facilities. The bad news is that at least 60% of world’s population is expect to contract the bug, and that further mutations are probable. The Mutation Question Mutations to less virulent strains are the historic norm for viruses but there is the risk of one that is very deadly. (To explain: in the grand scheme of things, a mutation with high lethality is is …


The Nascent Depression: Be Ready to Barter and Adopt the Rhodesian View

I receive several e-mails each day from readers asking whether the currently-unfolding economic depression will be inflationary or deflationary, whether it will last long, and whether or not the US Dollar will be supplanted by a new currency. My answer is simple: “All of the above.” Back in early 2008, I warned that a depression with simultaneous inflation and deflation was possible. As I’ve mentioned several times in my blog, here in the US we are likely to see a continuation of the current gradual deflation followed by a period of mass currency inflation. Plan accordingly. Try to start looking …


Letter Re: California’s Absurd Weapons Control Laws

Hi Mr. Rawles, I live on the sinking Titanic that is California, where this morning one of our co-workers failed to come into work and we could not reach him. We finally heard from him. He had just got out of a night in jail by posting $1,500 bail. Why? Because after a car accident last night, he consented to a police search of his vehicle where they found, of all things, a blackjack. Yes, an old-fashioned small club like the bad guys used in the Bugs Bunny cartoons. Years ago he found it in another state and had carried …


Ug-99 and The Ugly Times Ahead–There’ll Be Fungus Among Us

My consulting clients often ask me me for predictions. “What’s your timeframe, Mister Rawles?” I hear that in almost every consulting call. My clients ask: “When will the US economy crater?” I tell them that is impossible to predict, because there are so many variables and interdependencies, and because the markets are so heavily manipulated. They also ask me: Is the H1N1 Flu sure to mutate in to a more virulent strain, and if so, when?” I answer: “That is impossible to predict.” I’m also often quizzed about the Ug-99 wheat fungus (aka “Durable Wheat Rust”, or simply “the stem …


Letter Re: An Upcoming Retreat Purchase — Sell Gold or Take a Mortgage?

Jim, We love your site. It is part of our daily must reads. While driving to view possible retreat locations today, we printed out your advice on retreat locations and read it again as we drove to the determined area. After looking most of the day, we literally stumble upon (because it was not visible from the road – only a for sale sign) a nearly perfect location, several springs, trees, hillside with level areas, in the top three in all categories of your retreat lists, etc. In looking to make an offer we wanted your advice regarding financing the …


Security at Places of Worship: More Than a Matter of Faith, by Scott Stewart and Fred Burton

In recent months, several high-profile incidents have raised awareness of the threat posed by individuals and small groups operating under the principles of leaderless resistance. These incidents have included lone wolf attacks against a doctor who performed abortions in Kansas, an armed forces recruitment center in Arkansas and the U.S. Holocaust Memorial Museum in Washington, D.C. Additionally, a grassroots jihadist cell was arrested for attempting to bomb Jewish targets in the Bronx and planning to shoot down a military aircraft at an Air National Guard base in Newburgh, N.Y. In addition to pointing out the threat posed by grassroots cells …


Letter Re: Dealing With Local Building Inspectors

Mr. Rawles, [To follow up on TANSTAAFL’s letter,] I have worked for several engineering firms as a GIS technician, then manager. Counties will advertise when they will be re-flying parts or all of the county. Most county engineers, auditor, or Property Valuation Administrator (PVA) offices will tell you what the schedule for mapping is out a couple of years (usually the department in charge of tax assessments). A give away that it is happening is when you see large X’s painted in intersections with a metal spike sunk in the middle of the X (these are control points), with survey …


The Meme of Crushroom: A Key Retreat Architecture Element

One bit of retreat architecture that I’ve often recommended to my consulting clients who are designing (or retrofitting) retreats is the inclusion of a protruding entryway foyer, that I call a crushroom. Passing this advice along to you gives me the chance to employ one of my horrible puns: The Meme of Crushroom. A crushroom is a controllable confined space, typically an entry foyer, that can be covered with small arms fire or subjected to irritant or obscurant smoke or sprays. The outer door (or barred gate) to the crushroom is normally left open, but has a spring loaded self …


Letter Re: Feedback on The American Empire is Bankrupt

JWR: I was puzzled by the piece by Chris Hedges (The American Empire is Bankrupt, from truthdig.com) that you linked to in Friday’s SurvivalBlog. There are two huge, crucial, inestimable, incredibly fundamental flaws in Hedges’ article: * One is his assessment of the primary cause of the American national bankruptcy, * The second is his conclusions as to who will be causing the greatest social disruption in our nation as that bankruptcy starts impacting our daily lives. First, the fundamental causes of the American bankruptcy. Hedges quotes heavily from an article from & interview by The Financial Times’ Michael Hudson. …


U.S. Dollar: the Good, the Bad and the Ugly, by Axel Merk

Russian President Medvedev suggests the dollar is on its way out; Russian Finance minister Kudrin says there is no substitute for the dollar. The Chinese see a need to diversify out of the dollar; the Japanese say their trust in the dollar is unshakable. Let’s look at this puzzle and make some sense of it. It’s usually more productive to look at what policy makers do rather than what they say. Having said that, this time around, the talk also speaks volumes. Notably, world leaders have expressed their concern about the U.S. dollar and a need to diversify, to reduce …


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 …