Another attack by Al Qaeda on the United States is “inevitable”, the head of the National Counter Terrorism Center says. o o o One of the folks over at The Claire File Forums pointed out the Our Cool House web site, describing the construction of an earth-bermed a super-energy efficient house. o o o Sid C. forwarded this link to a humorous video clip: Some survival retreats in Texas will not have a shortage of venison.
As mentioned in The Drudge Report, a pronouncement has come from the Jackson Hole, Wyoming, conclave: Fed Acts to Limit Credit Crisis Fallout. Meanwhile, we read: Bush Outlines Aid for Mortgage Holders. I don’t think anything that they do at this point will stop the debt bubble from bursting. This just the beginning of a huge financial debacle that will play out in the months and years to come. As I’ve said before, the macroeconomic implications are huge. I should also mention that I’m presently waiting for the other shoe to drop: commercial real estate. There were lots of foolish …
Chuck G. pointed out this article: USAGOLD’s Top 25 Quotes on the Credit Crisis of ‘O7 o o o Our friend Peter in Switzerland sent us the link to some field trials of the Beta CMAG (100 round double snail drum for M16, M4, and M249 SAW) in Iraq. This confirms my earlier observations when testing Betas here at the Rawles Ranch. My biggest complaint about the Beta mag is not jamming problems (which typically are minimal if it is kept clean and properly lubricated.) The biggest drawbacks are its weight and noise. When loaded, the drums have an …
From Money and Markets, (by way of SHTF Daily), Marty Weiss provides this sage analysis of the real estate market and the liquidity crisis: Final Warning! o o o Stephen C. in Iraq mentioned this piece from The Economist: The agonies of agflation: “As oil prices stay high, wheat prices hit an all-time peak of over $7.50 a bushel for December delivery at the end of trading in Chicago on Thursday August 23rd.” o o o I just heard about a blog dedicated to “Survival, Preparedness, News, and Resources” vis-a-vis the Asian Avian Flu: Bird Flu (H5N1) Daily
DAV mentioned this story that might portend a market change: Russian government takes over gold mining sector o o o Some analysis from Steve Schifferes of BBC News: Financial crises: Lessons from history. I disagree that government intervention is the best solution. Inevitably “market intervention” ends up being a wealth transfer from one group of citizens to another, to the detriment of the former, and to the benefit of the latter. In the context of the current liquidity crisis, “intervention” will probably be in the form of loan guarantees which will put taxpayers on the hook for hundreds of …
“Dancing Barefoot” sent us this: H5N1 Asian Avian Flu Now in Germany: “Tests have found that birds at a poultry farm in southern Germany died of the H5N1 strain of bird flu, and some 160,000 birds were being slaughtered as a precaution, authorities said.” o o o I heard from Vic at Safecastle that Mountain House freeze dried storage food prices are going up substantially on September 1st. OBTW, they still have some 7 Day Just in Case Kits of Mountain House foods (in handy pouches) on sale for just $100 postage paid. Get your Mountain House orders in …
From France24 (by way of SHTF Daily): Analysts mull contagion from US property market woes. We also read in ChannelNewsAsia: The German state of Saxony has decided to sell the Landesbank Sachsen (SachsenLB), which has been hard hit by the US sub-prime crisis o o o DAV mentioned Michael J. Panzner’s Financial Armageddon blog. I was pleased to see that Michael is really digging ito the current liquidity crisis and astutely focusing on derivatives. (That will surely be “the other shoe to drop.” ) I was also delighted to see that he has a link to SurvivalBlog in his …
I often get questions from folks looking for survival retreat property about the state tax rates (income tax, property (real estate) tax, sales tax, and so forth.) Here is a useful Internet reference at www.BankRate.com. State and local tax rates should be thoroughly researched before you choose a retreat locale. o o o American home foreclosures leap 93% in a year o o o The Credit Crunch contagion spreads yet further. We read this from England: Over 8.5 Million will be denied credit as level of debt soars. Can you spell recession?
The Department of Homeland Security has decreed that propane gas is a “chemical of interest” and will soon require anyone with 7,500 pounds or more of the fuel to register with the agency. o o o The latest boom: Foreclosures. (OBTW, one of the companies quoted in the article —Foreclosure.com–is one of our Affiliate Advertisers.) o o o DAV recommended this market analysis and commentary from Jim Willie posted over at Kitco.com: Desperate Measures for USFED
I heard that the makers of Polar Pure water purifier had a visit from the DEA this week. They have plans to so highly regulate the distribution of iodine crystals that they will soon run the family owned and operated company out of business. (They make just one product.) The DEA said that they will expect retailers to get a photocopy of each buyer’s driver’s license, keep track of the quantities purchased, report “suspicious” purchases (with an as yet-to-be determined threshold) maintain the records for at least two years, and on and on. ll this because iodine has been deemed …
By way of SHTF Daily: Bernanke fears economy will hit a brick wall o o o I just heard that Gun Parts Guy (one of our loyal advertisers) now offers metric FN-FAL parts kits (sans receivers) complete with US Section 922(r) compliance parts, in a wide variety of configurations. FAL parts kits are getting scarce in the U.S., so stock up. When you order, please mention that you saw the kits mentioned in SurvivalBlog. o o o More from Ambrose Evans-Pritchard: Top Swiss banker attacks US lending standards as ‘unbelievable’ Jim’s Quote of the Day: “The most important …
The next WRSA shoot is in Douglas,Wyoming, this weekend (August 25-26.). Don’t miss this opportunity for some great rifle training at a very reasonable price! o o o Frequent content contributor DAV mentioned this article: Panic in U.S. money markets! by Marty Weiss and Mike Larson. o o o We read that Counrtywide Home Loans is having “difficulties.” I predict that lots of other home mortgage lenders will face similar “difficulties” in the near future. In a year, many of them will be history. As I’ve said before, the only folks in the real estate industry that hat …
Reader Steve H. alerted us that a scan of a brochure from the Kelsey-Hayes Company, Detroit, Michigan for their pre-fabricated fallout shelters, circa 1963 is available for free download at Flicker.com, This set includes scans from a Life magazine feature called “Fallout Shelters” from a September 1961 issue. o o o Karen B. mentioned a couple of interesting low-budget do-it-yourself (DIY) projects featured at LifeHacker.com: Build a solar water heater for under $5 and Get free air conditioning with a DIY heat exchanger o o o Why is America falling apart? Ask Ayn Rand
DAV flagged this piece of commentary from Edward Chancellor at The Washington Post: Look Out. This Crunch Is Serious. Meanwhile, writing in the Sovereign Society A-Letter, Kathlyn Von Rohr commented: “The sub-prime crisis that was “likely to be contained” according to Federal Reserve Chief Ben Bernanke back in March – brought more havoc to Wall Street this week. Now that “financial market conditions have deteriorated,” the Fed has changed its tune, as they chopped the discount rate yesterday.” In my estimation this will get a whole lot worse before it gets better. The current crunch has essentially shut downthe major …
John and Abigail Adams suggested this training video on the use of the Israeli field dressing. o o o RBS thought that readers might enjoy reading this report from Afghanistan: ‘I could feel the breeze as the bullets went by’ o o o Reader Nick M. alerted us to the fact that the Popular Mechanics August “Survive Anything” cover story (previously mentioned in SurvivalBlog) is now available on their Web site to read for free download. Nick’s comments: “The series of articles discusses how technology has made humanity more comfortable, but how our reliance on it has also …