Jim: I stopped by COSTCO tonight to pick up some items and they had signs limiting people to two containers of soybean oil and two bags of flour. They were completely out of flour. And they had no 50lb sacks of rice either. So its starting to hit home. This was the case in the West Springfield, Massachusetts store anyway. – John E.
Jim, Here is a link to “The Street”–a web site that offers ratings of banks throughout the USA. I checked out the banks in my state (California) and found that I currently bank with a “B” rated bank. However, there are a number of A rated banks that are in my town. It might make sense for each of us to know and check up on our financial institutions on a regular basis. This along with choosing the highest rated bank in your area could provide additional layers of insulation from the bank runs that I believe with be inevitable. …
Jim, I bring this news story to your attention: Ricin Found in Las Vegas Hotel Room; Man in Hospital The Center for Disease Control (CDC) protocols don’t give one much hope if ricin is inhaled or ingested. Unclothing and washing procedures for external contact are not reassuring. Other sources indicate that skin contact is usually not fatal unless accompanied by other agents that enhance absorption. [JWR Adds: DMSO is a well-known transdermal carrier.] Other sources also indicate that ricin is 30 times more potent than VX nerve gas. Full MOPP suit and gas mask seem to be indicated to avoid …
There is a very old legal maxim: “The value of a thing, is what that thing will bring.” It was developed by the courts to establish the value of a loss, in civil claims. The maxim has been perhaps over-used in central Europe, where if you recklessly drive your car and run down a farmer’s laying hen, you can be held liable for for not only the replacement cost of the chicken, but also the value of its future offspring for the next year–or perhaps even two years if the judge is in a bad mood. That ancient maxim is …
Hi Jim, Your excellent post about the possibility of simultaneous inflation and deflation got my head to spinning about ways to protect ourselves from a seemingly near-certain banking crisis. Such a scenario would certainly be a major headache for everyone, no matter how large their bank accounts, but it would be a huge problem for those of us who are in business for ourselves and need a constant cash flow through the banking system to pay payroll, expenses, taxes, etc. Therefore, I wondered if you and/or any of your readers had any suggestions for preparing for banking problems ahead of …
Jim, We are clearly experiencing deflation, as bad debt and derivatives unwind. At the same time there appears to be massive inflation by the Fed, or else where did the three Trillion for Iraq come from? The only “X factor” now is the money multiplier. Reserve requirements are now [effectively] zero. A good video (Flash required). But now eliminate the reserve component, [and its] Zimbabwe dollars ahoy. Here is some scary stuff, directly from the Fed. And here is an explanation similar to what I had wanted to write about the “Its the Economy Stupid” with Clinton and Greenspan – …
I often have friends and clients ask me how I can talk about inflation and deflation in the same breath. They’ve asked: “But I thought that inflation and deflation were contradictory. How do you think that we could experience both inflation and deflation at the same time?” Let me explain, starting with a bit of background: The fractional reserve banking system, based on usury, creates money. Here is a simplified example: Each time you deposit a $1,000 at your local bank, the bank then lends nearly all of that money out to someone else, charging interest. The bank holds just …
Dear Jim, As you know, it’s legal in America to build your own standard firearm for personal use [by manufacturing your own receiver.] One of the best ways to get a discreet, legal, off-paper SHTF rifle is an imported de-milled Kalashnikov (AK) kit, with a new, home-built receiver. Take a look at this web site. His heat treating and machine and tool instructions are accurate. This is the best site I’ve seen on the subject. I was able to tear down a Romanian kit and assemble a working AK in about 8 hours. Beginners will likely need a couple of …
Jim, Scroll down this article to the link to the Quarterly Derivatives Fact Sheet. It shows Citi[Bank] exposed to $3 trillion and J.P. Morgan at $7.8 trillion [in OTC derivatives.] Continue to the bottom of the piece for “Intelligence Czar Can Waive SEC Rules.” It looks like the Plunge Protection Team is operating in overdrive. Eisenhower warned of “The military-industrial complex”. What about the corporate-government complex? This looks like something Il Duce would have been proud of. Best wishes for our free enterprise system, – William JWR Replies: I’m glad to see that some readers took the time to look …
Hi Jim What are your thoughts on the advantages of basements for cool storage, elevated construction for flood protection, sod roof/earth contact for insulation versus steel roofs for water collection? Perhaps some of the SurvivalBlog readers may wish to submit hypothetical retreat layouts with advantages and disadvantages and why they would choose a particular layout design. Regards,- JG JWR Replies: A sod roof or earth-berming creates some contradictions in retreat design goals, most notably that they typically block the defender’s view of one entire flank. This can be partially mitigated by properly placing supplementary defensive positions. Sod roofs are also …
A recent news article titled Dresdner Rescues $19 Billion SIV, Follows Citigroup illustrates the severity of the global liquidity collapse. Note that the article mentions that the K2 SIV had no “direct exposure” to securities backed by subprime or midprime debt. But yet the fund failed dramatically. This adds credence to my assertion that the world’s entire credit market is essentially broken, and that despite frantic attempts by the central banks to inject liquidity (BTW, another $25 billion was just injected the Fed on Thursday), most of the major financial institutions are starting to crumble. In the very near future, …
In the Second World War, the United States had nearly two full years to ramp up military training and production before decisively confronting the Axis powers. In the late 1970s, looking at the recent experience of the 1973 Arab-Israeli War, the Pentagon’s strategic planners came to the realization that the next major war that the US military would wage would not be like the Second World War. There would not be the luxury of time to train and equip. They realized that we would have to fight with only what we had available on Day One. They dubbed this the …
I take a different approach to choosing a Bug Out Vehicle (BOV). I recognize many who read this site can afford a well equipped vehicle for your BOV, but not all are in that position. Let me offer a few suggestions for a different slant on the need to get out of Dodge. Here is a description of my daily work/family car. This is a 1999 Plymouth Voyager Minivan, in the longer wheelbase version. This has a 3.3L V-6, and gets about 18 MPG around town and approximately 22-23 MPG on the highway, depending on traffic. This is rated for …
Jim, If you haven’t had the chance, I highly recommend the Lionsgate movie titled ‘Right at Your Door’. Without giving anything away, it is about a large scale terrorist attack on Los Angeles . It’s not a traditional disaster movie that tries to cover all the angles, dazzle with special effects and thrill with drama; instead it tells the story of one couple from the suburbs that most should easily relate to. In no time at all, you see the vulnerability of the average person, and the break down of systems we take for granted, how it all leaves us …
The following is one of those items that widely gets circulated via e-mail, but this one is legitimate and I think that warrants posting to the blog: “Be prepared should you get this call. Most of us take those summonses for jury duty seriously, but enough people skip out on their civic duty, that a new and ominous kind of fraud has surfaced. The caller claims to be a jury coordinator. If you protest that you never received a summons for jury duty, the scammer asks you for your Social Security number and date of birth so he or she …