Category: Emerging Threats

From FerFAL in Argentina: A US Crash that Will Parallel Argentina’s?

Hi James, These are hard times, indeed. The parallels between the days before our own economy [in Argentina] collapsed and what’s going on today in America today are very hard to ignore. Our local television seems to be getting some kind of sick kick out of all this. They showing the comparisons, even editing politicians and economists speeches showing how similar they were to the ones the American politicians and economists are using right now. In some cases, they even said the exact same line, the only difference being the language. About the article “Letter Re: What Are the Economic …


Letter Re: What Are the Economic Collapse Indicators to Watch For?

Jim, Some of us may be stuck within the city limits until ‘the last possible moment’ before an event such as WTSHTF. Can you suggest a day-to-day procedure or strategy to now follow for monitoring specific and reliable news outlets or information sources in determining when our G.O.O.D. action plan should be initiated? . Obviously, many people such as myself, have all the ‘other’ recommended Rawles preparations in place but are still at a disadvantage from those that were able to set up their retreat ahead of time and to have evacuated from a city. It’s the best that I …


The MOAB Accelerates the Inevitable Destruction of the US Dollar

Back in March, I coined the acronym MOAB (for Mother Of All Bailouts), to describe the Federal government’s continuously-expanding response to the global credit collapse. My family has been getting great chuckles mentioning each time that commentators and legislators start using the term. These have included Michelle Malkin, Congressman Ron Paul, Senator Richard Shelby, and Joel Skousen. So now we are waiting for a pronouncement for Al Gore, that he invented both the term and the acronym. The government’s virtually uncontrolled bailout spree has now expanded to more than 1.5 trillion dollars, and there is no end in sight. At …


Even Chuck Schumer Thinks that We Might Be in Deep Schumer

A front page headline in The New York Times on Friday shouted: Congressional Leaders Stunned by Warnings. The article began: “It was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silence at first.” Later in the piece, it mentions: “…the congressional leaders were told “that we’re literally maybe days away from a complete meltdown of our financial system, with all the implications here at home and globally.’” U.S. Senator Charles …


Letter Re: Comments on the 2008 Financial Collapse and the Mother of All Bailouts (MOAB)

Hi Jim, This [current economic news] is nauseating. Now, not only are we in the insurance business, but we the taxpayer are going to be forced to purchase all of the bad and recklessly created debt generated over the last eight years. We know it’s bad, it’s even been called “toxic debt”. We’re not going to be given a choice on whether or not we want to purchase it. It’s being purchased in our name and we have no say about it. I can think of no better definition of socialism. If this is not the end of the world …


Dear Mr. Fuld: It’s The End of the World As We Know It

The recent news headlines about the investment banking crisis have answered the question that I often get from readers: “Why do you spend so much time talking about economics?” In my estimation, an economic crisis is the most likely trigger for a societal collapse, in the short term. The Lehman Brothers debacle is just a microcosmic preview of the global credit collapse. It is also a good illustration of the derivatives risk that I’ve been warning about for many years. How many times do I have to say this? The entire credit system is broken and it will be a …


Letter Re: Just In Time Greenback Cash Supply for American Banks

Mr. Rawles, I worked for Loomis/Fargo as an armed security technician. That means I was a member of an armored car crew. We serviced nearly the whole quarter of a certain state [un-named–not my current state of residence]. This included a major US Air Force base. Once a week we made runs to the area banks to deliver cash. Usually our load [included] 1 to 2 tons of coins. Cold cash totals were in the 1 to 3 million area each week and sometimes up to 5M seasonally. Very often we would arrive at a bank and the tellers would …


The Lehman Brothers Debacle Illustrates the Extent of the Global Credit Collapse

You probably saw yesterday’s headline in The Wall Street Journal: Lehman Races to Find a Buyer. Well, well. The once mighty Lehman Brothers Holdings firm had a market capitalization of $47 Billion last year. But when I last looked, it was down to a paltry $2.58 billion. The company is now definitely on the ropes. It is likely that the Mother of All Bailouts (MOAB) is going to grow even larger. There will probably be an announcement made this weekend of a “private” takeover of Lehman–possibly including an overseas “white knight”–but down in the fine print we will learn that …


Letter Re: National Geographic’s Cover Story on Soil and Food

JWR, Here’s a link to the September 2008 National Geographic cover story about the world’s fragile soils and their diminishing capacity to feed 6.5 billion+ people as well as cautionary examples of places where the soils can no longer support the existing population due to poor stewardship in the past. Pages 92-93 of the hardcopy edition have a great fold out map showing soil fertility areas around the world — a good retreats and relocation general shopping reference (although certainly not detailed enough for researching specific properties). My Best, – Lee in Hurricane Alley


Energy Dependence and U.S. Military Policy, by Edward C.

“Oil is the world’s most critical resource”, and “without it, nothing works in an industrialized civilization as currently configured”1.“The issue is not whether DoD will be able to obtain the oil it needs to provide for our national defense, because it will”, but “trends in global supply and consumption patterns” serve to further “complicate…the challenge of providing fuel to DoD’s far-flung operations as well as affecting the price DoD must pay for fuel”2. “Historically, no other energy source equals oil’s intrinsic qualities of extractability, transportability, versatility, and cost”3. The qualities that enabled oil to take over from coal as the …


Two Letters Re: The EMP Threat May Be Worse Than We Had Thought

Hi Jim: I understand about an EMP attack and it’s possibilities to wreak havoc. But I can’t help but wonder when I hear about a possible future EMP attack if we are trying to convince the terrorists through disinformation to detonate their nuclear weapons at a safe altitude instead of over the capitol during the state of the union speech. I am thinking that for an EMP attack to be effective they would need at least 4 or 5 high yield nuclear weapons of at least 1 megaton each . These would have to be evenly spread over the US …


Letter Re: The EMP Threat May Be Worse Than We Had Thought

Mr Rawles, Your readers may benefit from the following current links regarding the electromagnetic pulse (EMP) threat: Full report of the EMP Commission to the House Armed Services Committee (July 10, 2008) This link has a concise summary of key points from the above report: I also recommend an interview with the Chairman of the EMP Commission. The interview includes the following statements that are very important: Asked just how many Americans would die if Iran were to launch the EMP attack it appears to be preparing, Graham gave a chilling reply: “You have to go back into the 1800s …


Letter Re: Is a Little Ice Age Approaching?

Hi Jim, Thought you might find this article interesting: Sun Makes History: First Spotless Month in a Century As a scientist (Oceanography) I have been astounded with scientists who can not see the forest through the trees when it comes to global warming. The ocean temperatures have been dropping over the last 1-to-2 years (as well as the overall temperature on Mars). Correlate the ocean temperature with sun spot activity and you do not need any more “proof” as this will show the direct cause-effect relationship of the sun to the temperature of the oceans. Note that if we do …


Four Letters Re: What Will We Eat as the Oil Runs Out?, by Richard Heinberg

Jim: What scares me [in Heinberg’s article] is the use of words like “policy,” “regulations,” “controls,” “comprehensive plan,” etc. At the least, this is government control of the economy. At the worst, of our personal lives. (Population control.) He may have some technical points, but he is a bad sociologist. And a bad economist. A free economy may not be the most efficient, but it works very well when the social side is considered. There are all ready farmers of multi thousand acre places on the Great Plains, both US and Canada that are growing a few hundred acres of …


What Will We Eat as the Oil Runs Out? (Pt. 2) , by Richard Heinberg

Impact of Biofuels One factor influencing food prices arises from the increasing incentives for farmers worldwide to grow biofuel crops rather than food crops. Ethanol and biodiesel can be produced from a variety of crops including maize, soy, rapeseed, sunflower, cassava, sugar cane, palm, and jatropha. As the price of oil rises, many farmers are finding that they can produce more income from their efforts by growing these crops and selling them to a biofuels plant, than by growing food crops either for their local community or for export. Already nearly 20 percent of the US maize crop is devoted …