Category: Odds ‘n Sods

You’ll recall that I promised to feature more good news. Here is some potentially good news for the US Dollar from The Financial Times: Dollar at crossroads amid brighter US outlook    o o o Jay in Florida sent an article that should come as no surprise: FDIC Fund Strained by Bank Failures May Have to Raise Premium. If the bank runs continue apace, the FDIC may have to rely on much more: Namely, “The full faith and credit…”    o o o Fitzy in Pennsylvania found this: The bionic exoskeleton future is almost here.    o o o Wars, …

Perennial content contributor Cheryl N. found this “must read” MSNBC piece: Credit Crisis Prompts Unprecedented Response. It squares nicely with what I have been writing since the Spring of 2007: The global credit collapse is unprecedented, and will be both deep and prolonged. We are nowhere near the bottom yet!    o o o From The Guardian: Greenspan warns more banks may be bailed out. (A hat tip, again, to Cheryl N. for the link.)    o o o John R. recommended a brief speculative piece on state secession, penned by fellow SurvivalBlog reader Bill Buppert, recently posted over at …

Reader Cheryl N. sent us this article that ran in Australia’s The Age, back in June: Talk of financial system breakdown moves from the fringe to the mainstream    o o o Both Dean and KAF mentioned an EMP article, in The Wall Street Journal.    o o o Cheryl N. also flagged this: 2007 Mortgages Going Bad at Faster Pace. “Mortgages issued in the first part of 2007 are going bad at a pace that far outstrips the 2006 vintage, suggesting that the blow to the financial system from U.S. housing woes will be deeper than many people earlier …

Tom from Atlanta wrote to ask me about the recent drop in oil and precious metals, and the simultaneous rally in the US Dollar. He asked: “Does this mean the credit crisis is over, and that commodities will tank?” My answer: Not even close. Just take a look at the US Dollar Index chart. Print out that chart, slap a ruler on it, and draw a trend line. Now ask yourself: At the macro level, is there anything that has changed that will make the USD substantially stronger in the next few years? NO! So we can conclude that the …

John T. spotted this thought-provoking piece by Chris Sullins posted over at Of Two Minds: The Self-Selected Remnant    o o o David in Israel recommends the Pyromid Folding Grille. David notes: “I got mine at an outdoor gear shop closing sale. I was surprised by the high list price for a grille but that was before I used it. Made of stainless steel the infrared energy from the coals is all aimed upwards toward the food, after many seasons of use the once mirror shiny grille is a dull gold color where it was heated but there is no …

Reader KAF suggested this piece over at Pajamas Media: Ask Dr. Helen: Preparing for Disaster — Prudent or Paranoid? It sounds like she might have been reading SurvivalBlog.    o o o Steve N. flagged this article: Iran threatens to shut Gulf shipping lanes    o o o Eric sent us this piece on the significance of “local” produce: Supermarket Chains Narrow Their Sights    o o o A reader e-mailed me to ask: “Do you know of any GPS that has a “Scenery mode” or other mode that chooses back roads instead of major roads and highways, so I …

From Cheryl N.: Dow is Heading for 10,000 “The markets can’t seem to get that the U.S. is in recession, says Kirby Daley, strategist at the Newedge Group. But a downward movement is inevitable. He tells CNBC’s Martin Soong and Amanda Drury to expect a 15% to 20% drop on the Dow in the near future.”    o o o David in Israel recommends The Pocket Chainsaw. “It is the smart answer to the flimsy wire saws found in many survival kits. This tool packed in a can the size of a roll of electrical tape is a 28 inch …

I long hence went on record that the price of productive farm land in the U.S. would not be hurt as badly as residential and commercial real estate, in the current down-trend. A new Bloomberg article bolsters my position: U.S. Farmland Values Reach Record on High Crop Prices. Again, productive farm and ranch land is a relatively safe, tangible way to shelter your assets from the ravages of inflation.    o o o I often get e-mails from folks that are looking to join or form a retreat group, or that are interested in finding a like-minded spouse. Unfortunately, the …

Mark mentioned a Makezine piece about a bicycle powered refrigerator.    o o o Desert T. found us this: Southern Nevada Economy: Analysts’ projections sour. The last quote of the article sums it up: “More and more economists seem to think that this recession we’re in is going to be a long and painful one,” Smith said. “How long it lasts depends on the credit situation. We’re in the hands of the banks.”    o o o David S. found a link to an interesting water purification device    o o o J. T. sent a reminder about a site …

Eric found this one: Stressed banks borrow record amount from Fed. And coincidentally, reader Jeff S. sent us a link to a Fed chart that he calls “The Hockey Stick of Doom.”    o o o Eric also sent us this: Small farming is the future.    o o o Paul from Kentucky flagged this: Zimbabweans dug out coins squirreled away years ago. The government has lopped off 10 zeros, with the new currency! The article begins: “Zimbabweans dug out coins squirreled away years ago in jars and cupboards and headed for the shops, where lines built up as overburdened …

Several readers sent us this: MIT develops way to bank solar energy at home    o o o Eric forwarded this: America’s house price time bomb – Walkaways. I predicted this phenomenon, first mentioning it back in 2005.    o o o Nearly a dozen readers sent us the link to the recent New York Times article on Suburban Survivalists. Coincidentally, the subject of the article is a SurvivalBlog reader. In an e-mail to me yesterday, she mentioned: “I must tell you something, funny or sad, depending on one’s perspective. The copy editor [from The New York Times] called several …

Frequent content contributor Cheryl N. sent this. How Wall Street Wrecked Your Retirement. Cheryl notes: “Our dysfunctional financial system hit a new low last week when Citigroup, the hopeless wreck of Wall Street, announced it had lost $2.5 billion in the past three months–a cheer went up, and so did the Dow. Only $2.5 billion; people were afraid the losses would be much higher. Happy days are here again.” Meanwhile, President Bush very quietly signed a massive bailout bill, for individual mortgage holders, Fannie Mae, and Freddie Mac. Just as I predicted, we are witnessing the near-continuous growth of the …

Andrew Hankinson, a journalist at FHM magazine in the UK, e-mailed us to mention that he is looking for a survivalist in the US to spend a few days with. There would also be a photographer. He’s looking for someone who lives somewhere remote, hopefully in a survivalist community. The idea is to sample life as a survivalist. It is a serious piece coming on the back of much Peak Oil debate in the UK. If anyone could help – it would need to happen sometime in early August. lease contact him via e-mail.    o o o Cheryl N. …

JT found us this: Bad News and Bank Runs. Talk about more “stimulus checks”, and blaming “blogs” for “misinformation” that fed people’s fears. And reader Cheryl N. found two articles that tie in nicely: FDIC Smoke & Mirrors and US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation. (Cheryl’s comment: “Paulson’s Bazooka will be locked and loaded with enough firepower to blow what’s left of our economy into the dustbin of history. “)    o o o The WRSA has another “Grid-Down Medical Course” scheduled soon. This one will be in Everett, Washington, September 12-14. Their training is …

I’m still predicting a dramatically weaker US Dollar in foreign exchange in the months to come. As I’ve mentioned before, you should watch the US Dollar Index (USDX) closely. If and when it dips decisively below 72, watch out. From there, we might see a precipitous drop! (Back in August of 2007, I first mentioned the “magic number ” 72. It is a sort of “line in the sand” number for currency traders in their assessment of the US Dollar. Anywhere south of 72 lies extreme peril–and below 55 perhaps the traders will start to question the very existence of …