Category: Economics & Investing

Lady Liberty Liberty Has a Hollow Core

The best known symbol of the United States is the Statue of Liberty. It was a gift from the people of France, with a framework designed by Gustave Eiffel. (Yes, the same gent that designed the Eiffel Tower.) Eiffel’s Liberty statue armature design was clever, and made the statue an amazingly lightweight for a structure that towers 151 feet tall. Rather than a traditional solid masonry statue, Lady Liberty is built on a hollow framework to which copper sheets are attached. I have recently come to realize that the Statue of Liberty is a fitting symbol for the United States …


Letter Re: The Supply of Battle Rifle Parts Kits in the US is Drying Up

Jim: In a recent post, you wrote: I recommend HK91 clones because they are presently less expensive than M1As, and their spares are much less expensive. An M14 parts kit (everything but the receiver) is around $750, if you can find one. But you can buy a G3 part kit for under $250.” Please tell me where I can buy $250 G3 parts kits. They have all dried up. $400 to $500 if you can find one. I’m needing a couple. Thanks, – Craig W JWR Replies: The last gun show that I attended (late last year) had a table …


Choosing an HK91 Clone Versus the M1A for a Primary Battle Rifle

Hello Mr. Rawles. My Father bought me your novel “Patriots” and I read it and it really inspired me and woke me up to becoming more of a survivalist. I live in the country just about 50 miles out side of Chicago (pretty much the worst place to be if the SHTF, well even if it doesn’t, it still sucks, LOL), but never mind that we have other places to go, thank God. I have always been around guns. I have been shooting probably since I could walk. Anyway, I am wondering why in your book you chose to [show …


Triage In Financial Markets, by Darryl Robert Schoon

Global financial markets are in extreme triage following the credit contraction of August 2007. It is believed central bankers are trying to restore markets to help the economy. In truth, they are like life insurance companies fighting to keep a wealthy patient alive so the high premiums will continue to be paid and the large death payout will be postponed. It has been only nine months since credit markets unexpectedly froze in August 2007. The central bankers who were surprised by the summer 2007 credit contraction now hope the danger has passed. But they are about to be surprised again …


Louisiana Sales Tax Holiday for Hurricane Preparedness–May 24 & 25

Residents of the US state of Louisiana can purchase needed items free of sales tax as they prepare for the 2008 hurricane season. The inaugural 2008 Hurricane Preparedness Sales Tax Holiday takes place on Saturday, May 24 and Sunday, May 25. The holiday is an annual, statewide event created by the Louisiana Legislature to assist families with the important job of protecting their lives and property in the event of a serious storm. During the two-day holiday, tax-free purchases are allowed for the first $1,500 of the sales price on each of the following items: • Self-powered light sources, such …


Spotlight Falls on Silver’s “Poor Fundamentals” by Jason Hommel

An article by Pratima Desai that was circulated by the Reuters news service, included this: LONDON, April 28 (Reuters) – Investment money flooding into silver has overwhelmed poor fundamentals and helped it to outperform gold, but the tide could be turning for precious metals and the probability of large losses is rising. THE REAL TRUTH IS: Silver has outstanding fundamentals, and silver’s downside is minimal, and, in fact, it probably just bottomed, as I will show. Silver’s price falls in percentage terms are likely to dwarf those seen in gold, which some fund managers say has stronger supply/demand fundamentals. Again, …


Letter Re: Turning Your Trinkets Into Storage Food

Dear Mr. Rawles, As I was divesting of the useless flotsam one sees as a hindrance to true preparedness, I was inspired to list my trinkets on eBay. (Now, for all those who have a hatred for eBay [because of their anti-gun policies] , this is a separate issue.) I also have a PayPal account. That is another stumbling block to some. But for those of us who are still making the transition to becoming prepared citizens (from their former place in the herd of sheeple), this may be a very viable opportunity. Please hear me out! So, you sell …


Letter Re: Sources for Inexpensive FAL Clone Rifles

Sir, Do you know a place to get a cheap yet reliable FAL rifle? I am looking for one on a budget preferably under $400 or so. I would greatly appreciate help and i like your blog. Thanks, — Derek JWR Replies: Unfortunately, because the supply of parts sets has dried up, the price of US Code Section 922(r)-compliant FAL clones is starting to rise. The heyday of FAL clone building was a couple of years ago, when parts sets were cheap and plentiful. The prices then bottomed at about $500. Those days are gone! Here is some background on …


The Value of Coupon Clipping in Stocking Up

Our family has always maintained a substantial pantry in addition to our “deep storage” items. One way we keep our pantry stocked is by taking advantage of grocery store sales and using coupons. This does take a bit of time on my part, but definitely pays off in the long run. I utilize www.coupons.com, www.smartsource.com, www.couponbug.com (these sites allow you to print each coupon two times. We have two computers so that = 4 times each) as my mainstays. But recently I have become a reader of MoneySavingMom.com. She posts deals that I would have normally not found on my …


The Precepts of My Survivalist Philosophy

In the past week I’ve had three newcomers to SurvivalBlog.com write and ask me to summarize my world view. One of them asked: “I could spend days looking through [the] archives of your [many months of] blog posts. But there are hundreds of them. Can you tell me where you stand, in just a page? What distinguishes the “Rawlesian” philosophy from other [schools of] survivalist thought?” I’ll likely add a few items to this list as time goes on, but here is a general summary of my precepts: Modern Society is Increasingly Complex, Interdependent, and Fragile. With each passing year, …


Letter Re: Getting Physical with Silver Futures Contracts

Jim, Congratulations on the continuing success of your blog site. I think your readers would like some information regarding physical delivery of silver from futures contracts. I’ve never done this, or even known anyone who has, but it seems rational nowadays. One question I have is what type of mark or assay comes with, say, a 1,000 ounce delivery. I also think many readers are interested in questions of how to plan “getting tangible” with their retirement accounts, by which I mean no paper. I know I have to think about this quite seriously. Felicitations, – Patrick (an American Ex-Pat …


Letter Re: Cashing Out of a Retirement Fund and Buying a Retreat Without a Tax Bite?

Mr, Rawles, Greeting from Kentucky. I read your page very often, and have been doing so even more so lately. I read the articles, and your concerns of what is going on, and what you think will happen in the future of this great country. I try to look around and see my daily routine with family, church, work and normal everyday activities and say “no, no this can’t be happening.” Just look around! Everybody is so oblivious, everything continues as it always has, I don’t see the worry on anybody’s faces, much less in their actions. So I keep …


Letter Re: Horse Breeding Now, and in the Future

Jim, I wanted your opinion on something. I raise Quarter horses, mostly show prospects and have done this for a lifetime. I own the stallion, I do the breeding of my own mares and ship [straws of frozen] semen all over the country for others. I also train outside horses for a living. As you well know the horse economy like everything else is going down the tubes. I have been down sizing for the past three years as the Holy Spirit has prompted [my string] going [down] from 60 to 30. I did not breed any of my mares …


Letter Re: Silver Coins Holding Their Own Against Inflation

Sir; First, this interesting bit from an article from the Chicago Tribune: Food Price Inflation Changes How We Shop. Here are some quotes from the article: “Steadily rising food costs aren’t just causing grocery shoppers to do a double-take at the checkout line — they’re also changing the very ways we feed our families. The worst case of food inflation in nearly 20 years has more Americans giving up restaurant meals to eat at home. We’re buying fewer luxury food items, eating more leftovers and buying more store brands instead of name-brand items…” “Record-high energy, corn and wheat prices in …


Economic Climate Change: The Long Winter May Begin This Summer

I’ve had several consulting clients contact me in recent weeks, all with notes of fear in their voices. They realize that something is horribly wrong with the economy, but they cannot properly isolate and articulate the problem. I haven’t been able to calm them, however, because to an extent I share their anxiety. In my estimation, the “something wrong” that we sense is nothing short of a monumental shift in the economic climate. America is clearly headed for a recession. Most economic recessions are simply a product of the business cycle. These recessions are relatively mild and they often last …