Mass Inflation Ahead–Save Your Nickels!

I’ve often mused about how fun it would be to have a time machine. I would travel back to the early 1960s, and go on a pre-inflation shopping spree. In that era, most used cars were less than $800, and a new-in-the box Colt .45 Automatic sold for $60. In particular, it would be great to go back and get a huge pile of rolls of then-circulating US silver dimes, quarters, and half dollars at face value. (With silver presently around $15.50 per ounce, the US 90% silver (1964 and earlier) coinage is selling wholesale at 11 times face value–that …




Letter Re: Curious About “Curio and Relic” Firearms Laws in the US

Hi Jim, I read from time to time “C&R eligible.” Can you please post a quick note on the SurvivalBlog that explains what that is referring to, as it relates to firearms. Blessings, – Mark B. JWR Replies: I often write about the full exemption in the Federal law for pre-1899 guns, but I haven’t given much attention in the blog to Curio and Relic (C&R) guns. A Type 03 Federal Firearms License (FFL) is issued by the Bureau of Alcohol Tobacco and Firearms and Explosives (BATFE) . It allows individual C&R collectors to purchase across state lines some specifically …




The Demise of the US Dollar–The Handwriting is on the Wall

The major news outlets have finally started shouting about the collapsing value of the dollar and the bull market in precious metals. (Looking at the charts, $820 per ounce seems to be the new floor for spot gold.) Just as I predicted, it was a move by China that precipitated the latest drop in the dollar. Thanks, BTW, to the five readers that all sent that link. I should mention that several SurvivalBlog readers mentioned that article. Reader Mike the Blacksmith noted: “The remarks by Cheng on world currency status is the most important point in this article.” The currency …




Letter Re: Using NBC Markers to Augment Retreat Security

Mr. Rawles, I think that some attention should be paid to implementing psychological deterrents as a measure of improving retreat security after The Crunch. As food and water sources are depleted in the cities and the surviving population begins to mobilize you will more than likely see refugees passing through your retreat locale. These people may be armed and will be tough as they have survived to this point, but mentally they will be tired. When they approach your compound they will view fences, antipersonnel barriers and armed conflict as obstacles that can be defeated. The point is to try …




The U.S. Economy: A Distinctly Chill Wind

Do you detect a change in the weather, this Fall? You probably noticed that on Friday (November 2nd) the spot price of gold spiked to close at $806 per ounce, and silver at $14.53. (Both were 28 year highs. Yup, I told you so.) You also probably saw this article: Fed pumps [another] $41 Billion into US financial system. It is now obvious that Helicopter Ben and his Federal Reserve Board of Governors are in full scale panic mode. I should also mention that the very next day after the announcement of this huge injection of liquidity, the New York …




Letter Re: Influenza Exercise Shows the Potential for Major Infrastructure

Jim, With all due respect (to Chris in Utah and the folks cited by Computerworld), “If a pandemic strikes the U.S., it will kill about 1.7 million people” is a fantasy, because it is based upon the 1918-1919 flu’s death-rate of 2.5%, and also that the United States’ population of the time was around one-third of the present number. It was said that, in “normal” times, flu killed some 0.25% of those afflicted. In 1918-1919, that figure skyrocketed to 2.5%. Triple the U.S.’s population (in regard to the earlier 20th Century figure), and the post-WW1’s death-rate goes to slightly over …




Letter Re: Influenza Exercise Shows the Potential for Major Infrastructure Disruptions

Jim: I thought you and your readers might be interested in this flu pandemic exercise recently carried out by financial services firms. An article in Computerworld describes the scenario: “If a pandemic strikes the U.S., it will kill about 1.7 million people, hospitalize 9 million, exhaust antiviral medications and reduce basic food supplies…”, and, “Among the other things that may happen in an actual pandemic are school closings, as well as blackouts or brownouts in major metro areas because of degraded service as a result of absenteeism. Internet service throughput could be reduced by 50% due to congestion, and Web …




The Game, by Oliver Velasquez

In the past 25 years interest rates have fallen from as high as 15% to as low as 1.25%. During this time our economy has gone through different cycles, everything from stagflation, recession, to historic bull markets, and real estate booms. Today, in my opinion, we are living one recession away from a massive depression which can be credited to the Federal Reserve’s monetary policy. Historically, it’s never been a good sign to have both gold prices and the stock market trade at such peak levels like we have today. During the past ten years we have gone through a …




US Food Riots Much Closer Than You Think, by Robert Felix

(The following is re-posted with permission, from IceAgeNow.com) Recently, I said “we’ll be fighting in the streets for food long before we’re buried in ice.” I say the same thing in my book Not by Fire but by Ice. I just received an email from a reader that sums it up better than I did: “I spent about thirty years working in commercial agribusiness. My main job was to purchase ingredients, mainly grain, for flour mills and animal feed mills. As a part of my job, I was forced to understand the US food supply system, its strengths and weaknesses. …




Are Your Neighbors Contrapreneurs?

The American newspapers are presently full of stories about declining suburban home values and the galloping foreclosure rates, mainly in the coastal markets. (The erstwhile “hot” real estate markets have turned bitter cold.) As more and more foreclosures get dumped onto an already over-saturated “buyers market”, there is a strong likelihood that prices will spiral downward. Anyone that bought a “spec” house is now trying to get rid of it, even if means taking a loss. The downward pressure on house prices is likely to continue for several years in the coastal areas, and in few inland markets like Phoenix …




Letter Re: Lack of Government Preparedness and Infrastructure Upkeep Necessitates G.O.O.D. Planning

Jim, Popular Mechanics magazine outlines five scary Katrina-esque scenarios in various parts of our country might face in the coming years. I find it interesting that two of the five involve California and three of the five involve large bodies of water. People in the affected areas need to seriously consider moving out or having a Get Out of Dodge (G.O.O.D.) plan. Also, just because you don’t think you are near any bodies of water, it does not make your home immune to floods. When checking a local university’s Emergency Preparedness Plan, I found out that my neighborhood is part …




Letter Re: The Southeastern US Drought

JWR: I was talking to a friend in North Carolina this afternoon and he was telling me about the drought conditions in the Charlotte area and he relayed to me some interesting drought news. – The several acre sized lake on his property has dried up. – Duke Power has issued a statement, in the local area, to expect power disruptions in the coming months due to low water levels in the reservoirs that Duke operates that is used for hydro power, cooling towers, and such. Here is a link from the DOE about a drought’s drain on power. The …




Letter Re: The Fragility of the US Power Grid

Hi , I read the recent statements about the power grid and have to tell you the telephone network in in a similar condition. The reasons are the same as power guy’s statements. I was a tech for the phone company for 26+ years, much of it as a lineman but also in repair and splicing. Fiber optic cables are great but the electronics at each end require [grid] power to run the equipment. [Some other topics deleted, for brevity] The point is that things are a mess. You are doing a great job [with SurvivalBlog] to get people to …




Perspective on the EMP Threat: Looking Back at Starfish Prime, by David in Israel

James, Since there seems to be big interest in the nuclear electromagnetic pulse (EMP) effect, SurvivalBlog readers might want to see some footage about the Starfish Prime test, [a part of Operation Dominic, a series of tests intended to test nuclear weapons effects in space], which knocked out some power substations on Oahu, Hawaii, around 800 miles away back in 1962. Video clip 1. Video clip 2. – David in Israel




Letter Re: The Fragility of the US Power Grid

Hello: I enjoy your web site every day and am very close to the 10 Cent Challenge, I promise. I work for a medium sized electric utility in the west and I can tell you first hand how weak and ratty the executives have allowed the system to become. The name of the utility game has now become ‘defer maintenance to artificially inflate the price of your stock and pay your executives large salaries with massive stock options.’ In the old days we had over 250 guys in construction and maintenance staying on top of pole change outs, system upgrades, …