Category: Emerging Threats

Two Letters Re: Tomorrow’s Headlines? — A Nationwide Banking Panic

Hi James, First, thanks for sharing Mike [“Mish”} Shedlock’s recent article with the SurvivalBlog.com community. Like you, I’ve grown to trust his observations and analysis and I read his work as often as I read yours – daily. I wanted to add a couple of comments, which will strengthen both Mish’s and your viewpoints concerning your observations on the potential for a nationwide banking panic. First – is that [as mentioned,] the FDIC is preparing for this crisis right now, by hiring back some retirees, with specific experience in dealing with bank failures, as they are expecting a large number …


Tomorrow’s Headlines? — A Nationwide Banking Panic

Since September of 2007, I’ve been warning SurvivalBlog readers about the potential for bank failures and bank runs in the US, spawned by the unfolding global credit collapse. I am now raising my warning to multiple red flags. There are certainly some ominous signs. These include: New banking scrutiny–especially for investment banks. Plunging bank reserves. A few more bank failures this year than in a typical year. A record increase in “bank owned” (foreclosed) houses. New FDIC rules on assessing risks at major banks.To be ready for bank runs, the FDIC has even re-hired some former employees from its division …


Letter Re: Numerous New Economic Crash Warnings

Hi Jim, Within the last couple of days I have noticed that multiple economic and financial institutions have started to issue global financial crash alerts. For instance: – Morgan Stanley warns of a ‘catastrophic event’. The point of maximum stress could occur in coming months if the European Central Bank (ECB) starts to raise rates and the Fed backs away from expected tightening. The rates differential “could trigger a ‘catastrophic’ event”. – The Global Europe Anticipation (LEAP/E2020) team is now convinced that this period will consist for the whole world in a major plunge into the heart of the phase …


Letter Re: Gasoline Prices in the UK–a Preview of Upcoming Prices in the US?

Mr Rawles, First, I will be taking the 10 Cent Challenge starting this week, as I get far more than 10-cents worth of information per day from this wonderful blog. Second, I saw this article on the BBC web site. Fuel £1.99 a litre as tanks dry That’s right, for stations that haven’t run dry yet (1970s America all over again?), gas is selling for the equivalent of $14.76 per US gallon. Time to start thinking about what the US would look like at $15 a gallon. Yours, – DLF


Letter Re: More About Recent Flooding in the US Midwest

Jim, I’m sending a follow-up to your link on the historic flooding in Cedar Rapids, Iowa. Typical issues: Roads closed or collapsed, bridges flooded or swept away, traffic jams for miles, power and gas outages, water shortages, businesses closed, forced evacuation of 20,000 people included the local jails and a hospital. Cleanup will take months, and there will be shortages of construction material. Heck, we had shortages of lumber and sheetrock in Iowa during the Florida and Louisiana hurricanes. And what has become typical – jurisdictional disputes. Local law enforcement has its own issues, but FEMA doesn’t play well with …


Some Preparedness Implications of Rapidly Escalating Fuel Prices

The recent jump in fuel prices are going to have some far reaching effects on our economy. There is speculation that crude oil may soon spike to $150 to $170 per barrel. As prepared individuals, we need to adapt our plans, accordingly. It is noteworthy that many of us long hence foresaw these dark days, and installed underground fuel tanks, bought alternate fuel vehicles, multi-fuel generators, and at least one vehicle just for the sake of fuel economy. (If you look at the Retreat Owner Profiles–most of which were written in late 2005 and early 2006–you will see a remarkable …


Letter Re: Neighbors and Friends are Failing to Adapt and Prepare for New Threats

Mr. Rawles: I stumbled upon your blog site last month and it was the equivalent of a “reboot” in terms of my own thinking about how to adapt to the conditions surrounding “Peak Oil” and Global Warming. I’m grateful for your web site and efforts. I commend your honesty. I envy your faith. In the past months local and national events highlight the scope of the trouble we now all face. I’m afraid the direction is irreversible. To list a few, gasoline and diesel prices have climbed to new heights, both global and local weather conditions indicate a promise of …


Letter Re: Consumer Price Hikes for Food Will Continue

James – I’m a long time reader first time writer. I have been in the food business for 31 years with many companies, over the past 12 months I have had to raise my prices around 27% but my costs have risen 57%. We are afraid to continue passing on the rise because business has already decreased substantially but within the next few months we will be forced to raise our prices another 25% or quit the business. What I am trying to say is that we are at most, only halfway through the food inflation which has already occurred, …


Letter Re: An Oil Trader’s Observations on the Market Implications of War with Iraq

Jim, I’ve been trading crude oil for a few decades now, and in the last two sessions I’ve seen trading like I haven’t seen since Desert Storm, large unexplained up moves, $5.50 yesterday (6/5) and as I type this the market opened $6.00 higher. For a huge liquid market such as Crude Oil, these are large moves. I went to the Jerusalem Post to search out any open source tidbits/indicators and I stumbled upon this article. To buttress this, Gold is up $22 and Silver up 35 cents. The first piece of Israeli ordnance to hit Iranian soil could cause …


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: A Clash of World Views–Socialism Versus the Libertarian Ethic

Mr. Rawles: [Your frequent quotes from conservatives such as Thomas Sowell and Austrian School economists] blithely ignore the reality of corporatism, authoritarianism, predation, and entrenched elites. We’ve had our grand experiment in deregulation and the magic of the market, and it’s now perfectly clear where it got us. Why don’t you look up a good quote on the definition of an idealogue [sic] — someone who won’t let go of pretty delusions even when the real world proves the idealogy [sic] wrong. This is where the right wing is today. They want yet more of what has driven this country …


Surviving During the Crisis (Translated from the Energie & Klima Blog)

JWR’s Introductory Note: The following is a re-post from the Energie & Klima Blog, which was kindly translated by SurvivalBlog reader Martyn B., a multi-lingual Danish ex-pat that lives in Spain . To read the original article in German, see: Überleben in der Krise Within the next two years, the price of oil could rise to $150 to $200 per barrel, analysts of the investment bank Goldman Sachs forecasted yesterday under the management of the famous chief analyst, Arjun N. Murti. According to the news agency Bloomberg, the cause is stated mainly as being that the supply of oil cannot …


Letter Re: Martial Arts Fact Versus Fiction

Mr. Rawles I just found this blog after checking out Steve Quayle’s web site and links. I must say this discussion is a breath of fresh air. My experience is much different than many who have posted; I have little training in the martial arts, and never been in the military. I don’t even watch those Ultimate Fighting shows. I work with kids in state juvenile facility here on the West Coast of the US. Most of the “residents” as they are called are 14-20 years of age, and usually very aggressive and violent gang members. Unlike adult corrections in …


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 …


Letter Re: Long Term Storage Food Vendors are Now Painfully Short on Inventory

Hi Jim, I would be interested in you analysis of this: Nitro-Pak, is not even accepting orders for #10 cans of food. Emergency Essentials, (www.BePrepared.com) is out of over half of their #10 can selection. Notice that [presently] you cannot order even wheat in cans or pails. Is this happening throughout the food storage industry? What is up with all this? – Paul D JWR Replies: The storage food industry is relatively small and simply doesn’t have the capacity to handle orders from more than 1% or 2% of the population. Because of the recent headlines about global food shortages …