Letter Re: The U.S. Expatriation Exit Tax

Hi JWR, Here’s another one for your readers. I’d heard of this “exit tax” a few months ago and it was completely ignored by the mainstream media (MSM). At first blush, it doesn’t appear to impact most people, i.e. only those over $4 million USD net worth for couples who renounce U.S. citizenship and leave. However, we all know how well the alternative minimum tax (AMT)–the so-called millionaire’s tax–worked out. It was supposed to affect only several hundred tax “scofflaws”, and now because of inflation, millions of citizens are affected. A few years of 50% inflation will put most professional …




Two Letters Re: Home Invasion Robbery Countermeasures–Your Mindset and Architecture

Jim, I have not yet seen mention of “air locks” as a security layer for entry doors. Many years ago I managed a software project that included doing installs at armored car companies. The visitor entrance had you go in one set of doors to a small holding room. Here a security receptionist behind thick glass and gun ports could identify you and hold you until they were ready. Only then could you enter a second set of doors into the main facility, which would be analogous to an inner courtyard in a residential estate (i.e., an open area surrounded …




The MOAB Expands Yet Again: Five State Governors Seek $1 Trillion from Uncle Sugar

Back in November I reiterated my point that the Mother of All Bailouts (MOAB) would know no limits. One of my specific warnings was: “The States – Some 29 of the 50 states are reporting budget crises. Lo an behold, most of the hardest hit states are those with bloated Nanny State bureaucracies. No surprise there. The states that had the worst fiscal management, of course, will get the biggest share of the taxpayer funds. Those that were fiscally conservative will get nothing.” A recent wire service headline confirmed that prediction: U.S. governors seek $1 trillion federal assistance.The article begins: …




Six Letters Re: Home Invasion Robbery Countermeasures–Your Mindset and Architecture

Greetings Mr. Rawles, I read your blog everyday and am learning so much. Thanks for your dedication to helping prepare us for the future. In reference to the recent article on home security, we lived in Argentina for three years and we could all learn from their security measures. The first house we lived in had steel shutters, as did everyone in the neighborhood, and they were all shut at night. The doors have locks that automatically lock when you leave the house. The small front yards usually have tall steel fences with the same height gates. The gates were …




From the SurvivalBlog Archives: Inflation–Past, Present, and Future

It has been said that nothing is inevitable except death and taxes. But personally, I add inflation to that list. Inflation is an insidious hidden form of taxation We’ve been robbed! According to The Inflation Calculator, what cost $100 in 1905 would cost $2052.36 in 2005. The U.S. dollar has lost 95% of its value in that time. (If you were to buy exactly the same products in 2005 and 1905, they would cost you $100 and $4.87 respectively.) The inflation rate jumped considerably in the 1960s and 1970s. It is no coincidence that the U.S. Treasury stopped minting real …




Two Letters Re: What Are the Best Magazines for Investment?

Jim Here’s my feeling on what pistol mags to obtain. Obviously, if you have a high capacity handgun, it behooves you to have at least ten mags for it. I actually have 30 Glock Model 19 mags since I already have one and contemplate picking up another that a friend wishes to sell. I’m also trying to pick up Glock 17 mags, even though they stick out the bottom of my G19. I really want a Glock 34 long slide 9mm, and figure that the only way I may be able to get mags for it down the road is …




Letter Re: What Are the Best Magazines for Investment?

Dear JWR: I took your wise advice posted in the blog back in October and stocked up on magazines for all my guns. I ‘ve even bought some mags [for other guns] that I just plan to buy, such as M14 magazines for my eventual super match M1A buy. But what I’m thinking is, I should also do is by even more magazines just “on spec”, knowing that with Obama coming in[to office, that] a ban of some sort is more likely that not. What types/model high capacity magazines would be best to invest in, for the most possible gain? …




Fear and Loathing in America’s Age of ZIRP

You’ve surely heard by now that the Federal Reserve has effectively lowered interest rates to zero. Obviously having learned nothing from the mistakes of Japans’s decades-long recession, Ben Bernanke & Company have instituted their own Zero Interest Rate Policy (ZIRP). By artificially lowering interest rates, many economists predict that the Fed will actually delay economic recovery for many years. ZIRP was a failure for Japan, and I predict that it will be a spectacular failure for the United States. The Fed could, in fact, lower interest rates below zero, to the so-called “Super Zero” range. Such absurdities are not impossible …




Specialization and Decline, by J. R. Nyquist

Years ago, when the West entered onto a path of decadence, it became fashionable to deny the historical consequences of permissiveness and bad behavior. As the old standards fell away, new standards of “tolerance” and “acceptance” took hold. With the fall of colonial empires and the upsurge of student radicalism in the sixties, the notion of “barbarians at the gates” became outdated. Heaven forbid that anyone should be described as a “barbarian” or as “uncivilized.” The idea that some peoples were more advanced, that some civilizations had more to offer, was no longer an acceptable way to talk. The fall …




Letter Re: Speeding Coyote Hunters Arrested in Illinois

Jim, I enjoy reading your blog and have improved my preps exponentially since I began following you. I don’t know how many dozens of [telephone] consultations you do annually, but you and I spoke for an hour earlier this year. I live on Long Island, if that rings a bell. I feel that it was money well-spent. The post on vehicle stops was informative. You mentioned Boston T. Party’s “Boston’s Gun Bible” as a reference source. I have read all his books, fiction and non-fiction alike, and found him to be both entertaining and informative. If I may, I suggest …




Three Letters Re: Speeding Coyote Hunters Arrested in Illinois

Jim I went to college at Western Illinois University [WIU] and now live 30 miles from there. I don’t know much about the guys that got arrested but I can give you some info on Illinois gun laws. No NFA [“Class 3”] items are allowed except for possibly AOWs. I have heard conflicting reports on AOWs, but know for sure that “silencers” (sound suppressor) are illegal under the state law. As for transporting guns, all guns must be unloaded and inside of a closed case. This goes for handguns and long guns. And no a glove box, center console, or …




The Coming Great Depression, by Charles Hugh Smith

I have been asked to address the coming Great Depression which is slowly but surely enveloping the globe. The irony of doing so in Thanksgiving week is not lost on me, and I want to preface my commentaries by saying that I do not tackle the subject cavalierly. There will be great suffering, on many levels, and the entire point of analyzing the situation is to lay the groundwork for alleviating the suffering by getting to the root causes of the financial, social and environmental disasters which are unfolding globally. Let’s start with the view of the U.S. from orbit. …




Two Letters Re: Finding Abandoned Properties, Post-TEOTWAWKI?

Sir, First let me say that I agree with the sentiments of D.O.’s reply to the original post. However; In a situation even less drastic than another depression, I believe there will be ‘abandoned’ properties everywhere you look due to foreclosures and displaced persons that can no longer find viable employment and have moved in with family or on to ‘greener’ pastures. The homeowners that lived in them, built them, and called them home, will not own them anymore. These homes will still have an owner, that would be the ‘bank’ that held the note, and also in some cases, …




Letter Re: Is the US Residential Real Estate Market Nearing the Bottom?

Hello Mr. Rawles: Seeing that houses are pretty much dirt cheap right now, would it be a good decision to buy one? what would happen to our debts (including the mortgage) when/if the Amero comes? would they disappear like they claim the American debt will? I hear radio advertisements about the IRS giving you up to [a] $7,500 [interest-free loan] on your 2008 taxes if you buy a house in 2008. So, again, would it be a good idea? would the Dollar amount be converted into Ameros? Thanks in advance for your response. As always, congratulations on and thank you …




The MOAB Keeps Growing, and Growing

Last Winter, when I first started writing about the Mother of All Bailouts (MOAB), I predicted that the cost of the bailout would grow inexorably. Sadly, I was all too right. In fact, the scope of the MOAB is now much larger than I had predicted, early in 2008. The latest tally thusfar is an almost incomprehensible $4.28 trillion US Dollars. But wait, it gets worse. In addition to bailing out bankers and insurance companies, more and more entities from outside the financial sector are lining up to the Federal trough. The TARP bailout set a dangerous precedent. There is …