Category: Odds ‘n Sods

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 …

Reader Gary J. asks: “So, you say you don’t have any room to garden where you live? Maybe you actually have a lot! You might like to do a web search on “vertical gardens” and check out this site: GardensUp.com    o o o Several readers mentioned a recent blog entry by Charles Hugh Smith: Yes, There Will Be Armageddon: Government Goes Bankrupt    o o o I spotted this linked at Drudge: U.S. Foreclosures Double as House Prices Decline. I strongly recommend that anyone looking for a rural retreat property should studiously monitor the foreclosure listings, via a service …

OSOM mentioned some advice that will be familiar to SurvivalBlog Blog readers, from the Von Mises Institute, in an audio clip: What To Do in the Depression .   o o o Thanks to KAF for sending this: Five Tick Diseases You Should Know About    o o o Cheryl N. flagged this: Investors Question Financial Sector Rebound. Here is a key quote: “…and several regional banks also posted losses Tuesday or said their profits fell.” But the author neglected to name those banks. Cheryl also found this gem: Death Spiral Financing at Citigroup, Merrill Lynch, WaMu…    o o o …

Our friends Cheryl N. and Commander Zero both sent a link to an interesting article encapsulating the hows and whys (or at least one interpretation of them) of the current economic situation: Uncomfortable Answers to Questions on the Economy.    o o o Cheryl N. also found this: US Food Groups Plan Hefty Price Raises    o o o Bloomberg reports: GM, Ford ‘On the Verge of Bankruptcy,’ Altman Says. (A hat tip to Dan B. for the link.)    o o o Frequent content contributor Kevin A. sent this: “Is America ready for (true) foreign ownership of major financial …

Frequent content contributor Cheryl N. flagged an article at WorldNetDaily: 1930s Bank Runs Are Back. Speaking of banks, a recent Market Oracle article notes that Wachovia will soon close its wholesale lending unit and henceforth will lend only to bank customers, not brokers. Meanwhile, Bank of America’s purchase of Countrywide that supposed to close this quarter may not happen after all. B of A says it will not guarantee the Countrywide debt.    o o o The latest from Ultra Nanny State Britannia: Now there are 1,000 laws that will let the state into your home    o o o …

Courtesy of Eric B.: World warned over killer flu pandemic    o o o Reader Bill N. suggests checking out what Schmidt & Bender (a European rifle scope maker) has to say about their pricing and the declining value of the Once-Almighty US Dollar    o o o Eric B. and Brian H. both sent us this: Saving rainwater: Does it belong to the state?    o o o Regional Banks in Fear of Cash Calls. (A tip of the hat to Cheryl N. for sending that link.) JWR’s comment: The credit crisis is far from over, and we are …

Cheryl N. sent us a link to an article over at Stan Deyo’s web site that indicates that the freeze-dried storage food shortage is now even more severe than was previously reported: Mountain House Out of #10 Cans Through 2009. Most Mountain House dealers have sold completely out, and a are refusing to take back orders for # 10 cans. Meanwhile, Walton Feed has temporarily suspended taking new Internet orders, presumably so they can catch up on their order backlog. OBTW, the folks at Ready Made Resources tell me that they still have a few #10 cans of Mountain House …

SF in Hawaii sent this: Top 25 things vanishing from America: #1 — The family farm    o o o SF in Hawaii also found this interesting product with a novel design: The WASP Knife. I haven’t had the chance to try one of these, so I’ll reserve judgment. The concept certainly seems novel. Note that if you use a compressed air knife in a self-defense situation in which your opponent meets his maker, and if you subsequently meet his heirs in court, then you can expect to have your motives questioned.    o o o Kevin A. sent us …

I was recently doing a web search on “Asymmetric Warfare” and I came across this interesting article (in PDF) from Military Review magazine in 2001: America’s Frontier wars: Lessons for Asymmetric Conflicts.    o o o Reader Michael H. suggested this article from Bob Chapman’s The International Forecaster: The Formula For Hyperstagflation    o o o Trent H. sent us a link to an article summarizing a recent speech by Congressman Ron Paul: “Some Big Events Are About To Occur”    o o o Pyotr in the Czech Republic wrote me to mention that he was researching custom-built intrusion detection …

Thanks to Eric B. for potting this: Study shows fuel cell cars still 15 years away at best    o o o SF in Hawaii forwarded this video link: Jim Rogers Speaks the Truth about Fannie Mae and Freddie Mac    o o o Wolf sent us this: Merrill Drops After $4.65 Billion Second-Quarter Loss, the same day that Cheryl sent us this: Citigroup posts $2.5B loss, but beats expectations. It seems neither the brokers nor the banksters are faring well in this credit-starved environment.    o o o JT flagged this one from The Daily Telegraph: Africa’s Oil Boom …

Thanks to Cheryl for sending a link to an article that describes how more banks are in trouble. These include: Wachovia (downgraded on the 15th), WaMu, National City Corp., and U.S. Bancorp    o o o Eric sent a link to an editorial from The Des Moines Register: Help farmers, consumers: Revive grain reserve    o o o KMA spotted an article in The Economist titled Peak Oil, The Only Way is Down.   o o o John T. sent us a link to an article that is a sign of the times: Pakistani Investors Stone Exchange as Stocks Plunge

Downturn gains steam as inflation roars ahead    o o o Cheryl N. sent us this: Fears Over Safety in Savings Triggers Panic in US    o o o Jason M. flagged this: ‘Flying IEDs’ Pose New Iraq Threat. (OBTW, I’ve had the acronym “UAVIED” in the SurvivalBlog Glossary since August of 2005. Terrorists may soon use radio-controlled planes–from the size of light model planes, on up–packed with explosives.)    o o o The International Forecaster anticipates “A Complete and Systemic Breakdown” of the US and world financial systems and economies. (Kudos to Kevin A. for finding that item.)