Category: Odds ‘n Sods

Finally, the much-anticipated Kel-Tec RFB bullpup .308 carbine will begin shipping in December! If I were to buy a bullpup, then the RFB Carbine would be it. Looking for a hedge against a future ban? I recommend that you buy a couple of these before the White House changes hands. If a new ban is enacted, they will likely triple in value.    o o o More economic news and commentary from Cheryl: Wall Street Fluctuates After Emergency Interest Rate Cut — IMF: World Economy Will Slow Sharply, Led By U.S. “Recession” — Asian Stocks Fall Again — US Economy …

Reader FLS suggested this article: Here comes $500 oil. “If Matt Simmons is right, the recent drop in crude prices is an illusion – and oil could be headed for the stratosphere. He’s just hoping we can prevent civilization from imploding.”    o o o Our prodigious Economic Editor sent us a fresh batch of news and commentary: Fed To Buy Massive Amount Of Short-Term Debt — Stocks Fluctuate After Fed Corporate Debt Plan — UK Bank Shares Dive Again As Panic Spreads — Smaller Banks Still Making Loans — UK Gov’t Takes $100 Billion Stake In Britain’s Top Banks …

Matthew R. found a link to a great video that has brief interviews with some cave dwellers in Idaho.    o o o The newspaper headlines are sounding like something out of my novel. Randy F. sent us this: Panic engulfs global stock markets. And then Cheryl (our Economic Editor) sent us this mountain of news and commentary: Investors Expect Market Volatility As Global Credit Woes Persist — Analysis: More Banks To Fail Next Year Despite Bailout — Euro Crisis Deepens: Officials Vow To Save Banks — Euro Unity Collapses: Every Country For Itself — $700 Billion Printing Of Bailout …

I’ve recently had a lot of inquiries via e-mail, asking about bank runs, and the possibility of a national “bank holiday”. For many months I have warned that both are possible. Even mainstream news outlets like Forbes magazine are discussing it. But keep in mind that with the growing prevalence of online banking, your bank could get cleaned out by depositors without a queue of people forming in front of the bank. People can empty there accounts while sitting at the their home PCs, with fuzzy slippers on their feet. This is an invisible bank run. It is essentially what …

RL sent us this hard-hitting piece: The “Mark To Model” Lie    o o o Just as I predicted, things are looking grim for the hedge funds: Market chaos batters hedge-fund star. By borrowing short and lending long, they are at huge risk when credit markets fluctuate widely. And in a time of financial crisis like this, where liquidity has dried up almost completely, the hedgers will likely fail in large numbers. (A hat tip to Cyberiot for sending the article link.)    o o o Eric sent us this from the Pittsburgh Tribune-Review: Demand on pantries grows as food …

Craig R. and Costa Rica Jones both sent us the link to this amazing video clip: Life in Foreclosure Alley. Do you remember what I wrote about “Midnight Flits”? Don’t miss the part near the end where they spray paint a dead lawn green. Its all about “curb appeal.”    o o o More Nanny State meddling, aimed at reducing bovine flatulence: Meat must be rationed to four portions a week, says report on climate change.    o o o Michael Z. Williamson sent us this video link showing home-brew autonomous gun developments. This kid could get a DARPA contract! …

Rourke flagged this article from Marysville, California: Preparing for financial apocalypse: Wall Street scare has some thinking chaos coming    o o o Commander Zero posted some interesting commentary in his blog about why people don’t prepare, even in the face of immediate and overwhelming threats like the current economic meltdown.    o o o The gasoline shortage in the southeast has intensified.    o o o The latest news is that the banking crisis isn’t any better in Europe: France seeks €300 billion rescue fund for Europe. And meanwhile, Senator Harry Reid drops a bombshell: Another major insurance company …

Back in 2005, I began warning SurvivalBlog readers that derivatives were a much larger threat than the housing bubble. Now we read in the mainstream media: The $55 trillion question. The article begins: “The financial crisis has put a spotlight on the obscure world of credit default swaps – which trade in a vast, unregulated market that most people haven’t heard of and even fewer understand. Will this be the next disaster?”    o o o Safecastle just a started an unusual 25%-off Mountain House sale. The sale ends on October 14th. Get your order in immediately for the best …

I noticed that spot silver dropped a full dollar per ounce on Tuesday, and spot gold was down about $30 per ounce–both moved by short term gains by the US dollar in international trade. Buy on “dip” days like these! As I’ve said before, I think that gold will outperform silver in the next run-up. Get out of dollars and into tangibles. But remember what Doc Sweeny calls The Five Gs. (GGGGG.) Get right with God and then acquire your guns, groceries, and ground before you buy any gold. Be advised: You can’t eat gold, and Krugerrands make very expensive …

Some more newspaper gleanings, most coming from our Economic editor: Citigroup to buy Wachovia banking operations — Bailout Failure Will Cause US To Crash (For full disclosure, I would append the headline with: “But Bailout Success Will Cause Dollar to Crash”) — UK Banker Leaps To Death In Front Of Express Train — Fed Pumps Further $630 Billion Into Financial System — House defeats $700 Billion financial markets bailout    o o o Hawaiian K. suggested an article over at Treehugger on aquaponics    o o o Reader FFF spotted this: How China has created a new slave empire    …

“BeePrepared” wrote us to recommend the Hippo Roller as a method to transport large amounts of water without a vehicle.    o o o Cheryl (our Economic Editor) sent us this raft of news and commentary. The first item should not come as a surprise to you, since I’ve been warning about the derivatives threat for years: Bailout Secret: To Prevent $68 Trillion Derivatives Collapse — Financial TEOTWAWKI: LIBOR TED Spread Flashes Trouble. (“I don’t want to name names, … but there is a silent bank run going on. There are no lines in the street, but it is a …

Some Treehuggers concede that we may be right, after all, even if we do use Excessive and Gratuitous Acronym Diversions (EGADs).    o o o From our Economic Editor, starting with the most disturbing news: Bloomberg Analyst Marc Faber: $700 Billion Bailout Could Balloon To $5 Trillion — WaMu Is Gone, But Trouble Spots Remain (The banks to watch: Wachovia, Comerica, Marshall & Ilsley) — Wachovia, Citi In Merger Talks — Stocks Rebound On Renewed Bailout Hopes — The US Banking Collapse Was A Controlled Demolition Let’s Play Wall Street Bailout (Rep. Marcy Kaptur (D-Ohio rants well) — They Want …

Cheryl, our Economic Editor, sent us these: Congress Restarts Troubled Bailout Talks — Stocks Mostly Decline As Investors Remain Tense Over Bailout — WaMu Becomes Biggest Bank To Fail In US History — Wachovia In Huge Mortgage Mess — UK Banks May Get $180bn From US Bailout — Wachovia Shares Begin Dive After WaMu Death — JPMorgan Buys WaMu For A Mere $1.9 Billion (“To put the size of WaMu in context, its assets are equal to about two-thirds of the combined book value assets of all 747 failed thrifts that were sold off by the Resolution Trust Corp. – …

Several readers sent us this article, suggesting a correlation with my recent Pre-Crash Checklist: China banks told to halt lending to US banks    o o o Cheryl found this for us: Shipping Container Homes    o o o Rod McG. sent us this: In Israel, Kibbutz Life Makes a Surprising Comeback    o o o Dan and Becky flagged this: confirmation that the growth of the Mother of All Bailouts is not slowing: House clears $25 billion for car makers    o o o Some news and commentary gleanings from our Economic Editor: WaMu’s Hopes For Capital Drying Up …

Norman in England suggested a piece of commentary about the Mother of All Bailouts: The Rescue of the Wealthy    o o o Brad E. and Kevin A. both forwarded some bad news from Forbes, that confirms what the Peak Oil crowd has been telling us: Here comes $500 oil. The law of supply and demand is inescapable. I do, however, have my doubts about the supply side of the equation. (See, for example, the arguments presented by the Abiotic Oil proponents.)    o o o More Odds ‘n Sods gathered by Cheryl N., our Economic Editor: Dow Down 373 …