Economics and Investing:

By way of the Appenzell Daily Bell: Germans Desperate Over EU, Greece

Rogers: Goldman May Fuel 20 Percent Market Tumble. (Out thanks to Brett G. for the link.)

GG suggested this Forbes opinion piece: Will Japan Default?

The Fox forwarded this: Greek Bailout Is a High-Wire Act. They are starting to use the “D” word. (Default.)

Items from The Economatrix:

Could Germany Quit Euro Over Greek Crisis?

Rivals May Not be Smiling at Goldman Sach’s Predicament Long

Bank of Ireland Forced to Sell Off Assets

FEMA Faces Own Fiscal Emergency

Unemployment Rises in 24 States



Odds ‘n Sods:

RBS sent this from China Daily: Shelters part of long-term civil defense plan

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Rick pointed me to HomeFirefightingSystems.com, in Pollock Pines, California. They sell pumps, foam, gel, tanks and equipment that would be appropriate for retreats.

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Josh flagged this bit of Hoplophobic Political Correctness stupidity: Student suspended after finger gun incident.

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I found this linked at the Drudge Report: Mission Impossible: Escape from Europe. (Read between the lines, vis-a-vis Getting Out of Dodge, in other crises.) Meanwhile, we also read: Get ready for decades of Icelandic fireworks, and More from Eyjafjallajokull (a fascinating photo essay), and Volcano flight chaos leaves many passengers broke.





Notes from JWR:

I just heard from my editor at the Plume Division of Penguin Books that Editorial Paidotribo has purchased the rights to produce a Spanish language edition of my non-fiction book “How to Survive the End of the World as We Know It”.

Today we present another entry for Round 28 of the SurvivalBlog non-fiction writing contest. The prizes for this round will include:

First Prize: A.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost between $500 and $600, and B.) Two cases of Mountain House freeze dried assorted entrees, in #10 cans, courtesy of Ready Made Resources. (A $392 value.) C.) A HAZARiD Decontamination Kit from Safecastle.com. (A $350 value.), and D.) A 500 round case of Federal 5.56mm XM193 55 Grain FMJ ammo, courtesy of Sunflower Ammo. This is a $199 value, and includes free UPS shipping.

Second Prize: A.) A “grab bag” of preparedness gear and books from Jim’s Amazing Secret Bunker of Redundant Redundancy (JASBORR) with a retail value of at least $400, and B.) two cases of Meals, Ready to Eat (MREs), courtesy of CampingSurvival.com (a $180 value).

Third Prize: A.) A copy of my “Rawles Gets You Ready” preparedness course, from Arbogast Publishing, and B.) a Royal Berkey water filter, courtesy of Directive 21. (This filter system is a $275 value.)

Round 28 ends on May 31st, so get busy writing and e-mail us your entry. Remember that articles that relate practical “how to” skills for survival have an advantage in the judging.



Choosing the Appropriate Handgun for You and Yours, by Officer Tackleberry

There are many areas of debate, speculation, opinion and urban legends when it comes to anything involving guns and/or self-defense, with handguns probably being at the top of this list.  I will share my experience, training and research to try to help with this debate.

The first thing to consider is what caliber is right for you and your family.  When it comes to establishing a caliber for your family’s security, there seems to be a belief that the .45 is the only way to go, especially in the semi-auto platform.  I couldn’t disagree more with the reasoning for this thought process and I am about to ruffle more than few feathers by making a case for the 9mm to be your ammo and platform of choice.

One of the things brought up is “knock down power” and this is one of those urban legends that needs addressed first.  Yes, a .45 has a greater weight and therefore more impact inertia/potential if it hits something solid, like bone.  So, if my only choice was .45 ball or some other caliber ball, like the 9mm, then I would consider the .45. 

But, if one takes the time to study the plethora of data available, you will see that most of the time people are not instantly incapacitated after being shot with a pistol, no matter what the caliber is.  There is an old saying that some of you may have already heard…What does a person do after being shot with a pistol? The same thing he was doing before he was shot with a pistol!  This may sound foolish but that is the reality of pistol caliber ammo.  This is also why many police agencies and military units have started phasing out or limiting the use of pistol caliber long gun platforms, such as the MP5, in favor of the more compact rifle caliber platforms.

I believe that the type of pistol ammo is more important than what the actual caliber is.  Winchester, Hornady and Speer are just three of the quality manufacturers out there that make awesome hollow-point, self-defense ammo for 9mm that have significant ballistic capabilities that exceed that of .45 ball.  The hollow-point bullets flare out when they meet resistance, sometimes to more than twice original size.  This causes significant wound channels, thus incapacitating the attacker.  This is why law enforcement carries hollow-point ammo and it’s extremely foolish that we don’t allow military to do so.

So, with the quality ammo options available today, why pigeon-hole yourself with a caliber that’s so big that it severely limits the amount of ammo that you can carry at one time?  In all semi-auto pistol platforms, the .45 caliber pistol holds a significantly smaller number of cartridges than most 9mm pistols.

We need to remember why we carry pistols and what their true purpose is.  The true purpose of the pistol is to provide a concealable, compact firearms platform that we can use to defend ourselves at close quarters, to fight our way to cover, to escape and/or get to a long-gun platform.  I recently read what was supposed to be a story about a sheriff in Texas.  Whether or not the story is true, I do believe that it reflects the mindset we all should have when it comes to the use of firearms for self-defense.  The story states that the sheriff was attending some sort of social function when a woman approached him and asked him if he was “expecting trouble” since he was wearing his pistol.  The sheriff told her no, that if he was really expecting trouble, then he would have brought his rifle. 

It’s not my intention to state that pistol calibers are totally ineffective and/or should be ignored.  I believe that it is more of a perspective and awareness issue.  Since I know why I carry a pistol and what it’s intended purpose is (close quarters self-defense, fight our way to cover/long-gun platform, or escape as mentioned earlier), I would prefer the 17 rounds of quality 9mm ammo available in my Glock 17 over the 12 rounds or less available in most 45 semi-autos.  Even my sub-compact Glock 26 affords me 10 rounds per magazine in an easily concealable format.

One distinct advantage of the high-capacity of most 9mm platforms available over the .45s is that you have to perform fewer magazine changes.  Magazine changes, especially under stress, are something we all need to practice on a regular basis.  With that being said, someone with what is arguably the most popular .45 platform, the 1911, must perform two magazine changes before they meet/exceed the amount of ammo that I have in my Glock 17 before I am required to make a single magazine change.  You must keep in mind that every time you make a magazine change, you are temporarily out of the fight.  Also, how many of you carry one extra magazine when you conceal-carry your handgun, let alone two?

Now, before all of the hate mail comes in claiming that I am “disrespecting” the 1911, I want to clarify something.  I am a fan of the 1911 and its quality design, regardless of the manufacturer.  It’s one of the most pleasurable handguns I have ever shot, bar none.  But, in my humble opinion, why carry a gun that only gives 7 or 8 rounds per magazine when I carry one that is similar in size but has 15 rounds, like the Glock 19? 

We broached the area of “knock down power” power earlier in this discussion and now I want to delve into it a little deeper.  Based on my research and training, I believe the standard we need to evaluating is not the size and weight of a bullet (which are the biggest arguments in favor of the .45s) but the ability of the bullet, and most of all the shooter, to incapacitate an attacker.

What I mean by the ability of the bullet has already been mentioned previously in regards to hollow-point ammo.  But, the ability of the shooter is directly tied to shot placement, especially under stress.  Can you repeatedly hit different vital areas, such as the head, with your current handgun?  Can you do so while moving forward, backward and/or sideways? Can you do so one handed, especially with your “off-hand”?
Now, take you out of this equation and insert your family members.  Can your spouse and/or children, especially teenagers, adequately perform the above listed tasks with the handguns that you have selected for the family self-defense arsenal?  Can the smaller stature members of your family or preparedness group handle training with .45 or even a .40 caliber handgun?

We need to keep in mind a key factor we know about individual performance during the stress of a combat situation.  This “factor” that I am speaking of is that a person drops to about 50% of their ability under the stress of combat.  Since this is the case, we know that we all must have quality training and practice on a regular basis.  How much practice/training is a person going to be willing to put in with a hand gun that beats them up?

When I was in the police academy, I saw two videos that really opened my eyes in regards to shot placement.  The first video was from the cruiser of a state trooper who was in a fight with a man who ended up shooting the trooper with a .22 caliber pistol.  The .22 caliber bullet went through the trooper’s side and pierced his aorta.  I watched this large, muscular trooper who was a former professional football player bleed out internally and die.  Lucky shot? Yes.  But, the small caliber bullet still killed him.

The second video I watched involved a domestic violence incident in which a female was shot point blank in the forehead with a .357 revolver.  When the police and EMTs arrived, she was still conscious and sitting on the couch.  The bullet had glanced off the skull plate of her forehead and traveled under the skin of her scalp all the way to the back of her head before becoming lodged in the muscle of her neck. 
Now, prior to viewing these two videos, I was of the opinion that being shot with a .357 revolver meant certain death.  But, not only did the female in video #2 survive, so did the man who shot the trooper in video #1.  You see, the trooper in video #1 had shot his attacker five times center mass with his issued .357 handgun.  Yet, his attacker still shot him and still alive to this day (R.I.P. Trooper Coates).  I guess the old adage of “I’d rather have a hit with a .22 than a miss with a 5” artillery shell” still applies.

Another factor that must be considered by most, if not all us, is the cost associated with achieving and maintaining confidence and proficiency with your chosen firearm’s platforms, especially hand guns.  To maintain necessary proficiency, we must live-fire practice and train with the chosen hand gun on regular basis.  As of right now, 9mm ball practice ammo sells for about $165 per 600 round case while .45 ball practice ammo sells for about $290 per 600 round case.  Quality Speer Gold Dot Hollow Point 9mm self-defense ammo sells for about $23 per 20 round box, while the .45 sells for about $28 per 20 round box.  As you can see, it is much more cost effective to train with and properly equip the 9mm platform as opposed to the. 45.  Then you can use the money saved to obtain other necessary preparedness items.
As you can tell, I am a fan of the Glock family of pistols.  But, I want to clarify the fact that I favor the 9mm family only, which includes the Models 17, 19 and 26.  There are several reasons as to why and I will try to name a few of them in short order.

First, Glock’s have no external safeties or de-cock levers and their safety features are internal.  There are some that would try to argue that this makes the Glock an unsafe platform.  If that was the case, then thousands of police officers wouldn’t be carrying them because their respective departments wouldn’t want the liability.  The primary safety on all firearms has always been, and always will be, keeping the trigger area free of obstructions, especially your finger!  I have also read of several instances where officer’s have forgotten to reset their de-cock lever or to take their gun off of safe and thus the gun didn’t fire when they deployed it in self-defense.  Several of these officers were shot and unfortunately some were killed.  Is it a training issue? Yes.  But it has happened more that what most people think and it has happened to me while training with a Smith and Wesson 4506.

Secondly, the 9mm Glock family has many interchangeable parts, including magazines.  The full-size magazine for the model 17 will work in the both the 19 and the 26 and the 19’s magazine will fit in the 26.

Next, most full sized .45 caliber models are physically way too big for smaller-statured people and both the .40 and .45 caliber platforms have way too much bark/recoil for many people. 

I think a serious consideration needs to be the availability of ammo and spare parts in a TEOTWAWKI environment.  Since 9mm is common the world over, I believe ammo will be available to at least barter for, which also means it’s probably a good item to barter with.  Also, since Glocks are very common in the U.S. and worldwide, then I believe spare parts will be somewhat easier to come by.

Lastly, the 9mm Glock family has repeatability of use no matter what the size.  In a self-defense situation, my wife, who is not very familiar with a multitude of handguns, can pick up any of my Glocks and know exactly how it functions.  To me and my way of thinking, this is a huge home security bonus.

I challenge you to take the time to seriously research the 9mm ammo and platforms available with an open mind.  I did and I am happy with the results of my research.  I also stake my life my life on the results every day. I believe you will see that there are simple, effective and cost-efficient options out there, with Glocks being at the top of that list.



Letter Re: JWR’s List of Lists in an Excel Spreadsheet

Sir,
I would like to thank you for your excellent site. I have been steadily working my way through your archives for the past several months now. I have been a prepper for quite a while thanks to my upbringing. However, for me it is more of a serious hobby than anything else. Being in the military and changing duty stations fairly rapidly is not conducive to long term prepping, as has been mentioned before on your site. That does not mean that I cannot plan however. I have attached a “List of Lists” in MS-Excel spreadsheet format. The initial worksheet is a link page with each of the lists labeled. You should be able to click on the list you want and it will take you to it, if not then use the worksheet tabs at the bottom of the page.

I have included in these lists all the recommended material from the newbies page of your site with the exception of videos. I have also included material from your archives that I felt pertinent (and that I have covered so far), as well as some of my own wants. This list is not complete to say the least, but I would be comfortable calling it list “1.0”. There is still a lot of work to be done on it but I will be on my way to Afghanistan soon and it will be unlikely I will have Internet or computer access for some time. Therefore I am sending it to you for you to do with as you will. Maybe some other individual can profit from the work I have completed thusfar, or perhaps there is a way to make it a community project that others can add to with their recommendations. Allowing anyone to pick and choose what works for them (It is modular!)

My basic format to date has been three simple columns: Item, Remarks about the item, and Web links associated with that item.

God Bless, – ZZP from Texas

JWR Replies: Thanks for your efforts! I’ve just added the spreadsheet to the blog site, where it will be permanently linked. (It is now linked in the left-hand menu.)



Letter Re: U.S. Bank Failures Accelerate in Pace and Increase in Size

James Wesley:

On Friday, eight more banks were closed according to this article.

I did a little research and found out that so far this year, 50 banks with total assets of approximately $30.4 Billion (you have to add the numbers up in the total assets column) have failed according to this site.

By this date last year (April 17, 2009) 25 banks with $12.5 Billion in assets had failed according to the companion site. How’s that “hope and change” working for you? This could be a record year if the pace keeps up. – S.M.

Economics and Investing:



Economics and Investing:

Yishai recommended this article: Released to Near Silence, the U.S. Treasury 2009 Financial Report Shows Dire Course

Sue C. suggested an essay by Herb Mayer: An Economics Lecture No Student Will Ever Hear

Items from The Economatrix:

10 US Cities in Economic Freefall

Exxon’s Income Tax: $0

John Paulson: The Man Who Made Billions Betting on the US Housing Crash

Goldman Sach’s Client-First Pledge Exposed as Lie

Black Gold, Yellow Gold (The Mogambo Guru)



Odds ‘n Sods:

Hunter in Alaska spotted this blog article: The Whiskey Standard (by way of Instapundit).

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Our thanks to R.B.S. for sending this: Copper thieves dismantle office building’s roof.

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Crime Prediction Software is Here and It’s a Very Bad Idea. (Thanks to F.G. for the link.)

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Ferd liked this Lifehacker article: Make a Waterproof Fire Starter Out of Dryer Lint (and Some Other Trash)

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Brian B. sent this: Rallies supporting the United States’ 2nd Amendment were held across the country Monday



Jim’s Quote of the Day:

“Somewhere ahead I expect to see a worldwide panic-scramble for gold as it dawns on the world population that they have been hoodwinked by the central banks’ creation of so-called paper wealth. No central bank has ever produced a single element of true, sustainable wealth. In their heart of hearts, men know this. Which is why, in experiment after experiment with fiat money, gold has always turned out to be the last man standing.” – Richard Russell



Note from JWR:

Notes from JWR:

I’m scheduled to be interviewed by libertarian survivalist Reginald Kaigler on The DEMCAD Show (a Freedomizer Radio podcast), this evening (Monday) from 6-to-7 p.m. Eastern Time.

Today we present another entry for Round 28 of the SurvivalBlog non-fiction writing contest. The prizes for this round will include:

First Prize: A.) A course certificate from onPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses. (Excluding those restricted for military or government teams.) Three day onPoint courses normally cost between $500 and $600, and B.) Two cases of Mountain House freeze dried assorted entrees, in #10 cans, courtesy of Ready Made Resources. (A $392 value.) C.) A HAZARiD Decontamination Kit from Safecastle.com. (A $350 value.), and D.) A 500 round case of Federal 5.56mm XM193 55 Grain FMJ ammo, courtesy of Sunflower Ammo. This is a $199 value, and includes free UPS shipping.

Second Prize: A.) A “grab bag” of preparedness gear and books from Jim’s Amazing Secret Bunker of Redundant Redundancy (JASBORR) with a retail value of at least $400, and B.) two cases of Meals, Ready to Eat (MREs), courtesy of CampingSurvival.com (a $180 value).

Third Prize: A.) A copy of my “Rawles Gets You Ready” preparedness course, from Arbogast Publishing, and B.) a Royal Berkey water filter, courtesy of Directive 21. (This filter system is a $275 value.)

Round 28 ends on May 31st, so get busy writing and e-mail us your entry. Remember that articles that relate practical “how to” skills for survival have an advantage in the judging.



Plentiful Water, Right at Your Feet, by Matt H. in Washington State

I want to bring up a topic that should be critical to those trying to prepare. I am one of the folks that wants to survive in place in a suburban environment. The serious weak link in any survival program is that of water. We have all read the endless articles about finding and preparing potable (drinkable) water. The endless stories of filtering, boiling, bleach-treating. I believe one area has been overlooked. Proviso: The following is presented for educational purposes only, and should only be considered in life and death situations!

Can I tell you all a little about my background? I was one of the many starving college kids in the 1970s while trying to make my way through college to earn a degree in engineering I took many jobs. One of the jobs I took was that of a “Street flushers helper”. What a street flusher does is go out in the small hours of the morning and flush the streets in a large truck filled with water. The irony of all this is that it was in Seattle, where we normally get 40 inches of rainfall a year. I know, I know it sounds crazy but they were willing to pay for it and I needed the money. So where does a street flusher get all that water? That’s where the story gets interesting.

The lowly hydrant, you know those red, white and yellow things you can’t park in front of. They are everywhere and no one gives a thought about them. If you are a street flusher they were very dear indeed. I had my favorites, because it was part of my job to keep the truck full of water. I always wanted to find the high flowing hydrants. That’s when I was taught the laws of gravity for the very first time. We had a hydrant that we used over and over again because it was the lowest hydrant on the system. And boy did it put out water, I could fill a 1,500 gallon water truck in just under 12 minutes. We had at least 115 Pounds per Square Inch (PSI). On those very cold nights you want to be out of the truck just as short as time as possible.

So how do you get access to all that water at the hydrant? Remember folks we are talking about grid down and people are suffering from dehydration and you need water now. Well, that’s where the hydrant wrench comes in. Please don’t confuse this with a pipe wrench a plumber would use. The nuts on a hydrant are Pentagon shape so you need a special wrench. If you use a pipe wrench you will permanently mar the nuts and I want to strongly discourage that. This is a special wrench that you can buy online, they are not cheap. A new wrench would run you about $50. I bought mine through eBay many years ago for 24 dollars. I prefer the stout two piece wrench I do recommend the heavier wrenches, the lowest hydrant on your system may not have been opened in years. The cheap heads can break and need to be replaced. I also recommend getting a [wrench handle extension] “cheater” pipe. We used a six-foot piece of one inch galvanized pipe we called “The Staff”. Any hydrant will yield with a long enough lever arm. This is specially important for the female preppers (The longer the lever arm the less physical strength needed). If the cost of the wrench seems a bit steep remember the cost of all that bottled water stashed in your garage.

When I would go out and crack open the hydrant at o-dark-thirty in the morning, I would appreciate having a stout hydrant wrench in my hands. Between rust and way too many coats of paint some hydrants will still refuse to yield. One trick I would do would try to close the nut slightly tighter to try and break the rust free. If any hydrant gave us too much grief we would notify the water purveyor that they had a problem hydrant.

You could be a real lifesaver with this resource. Remember Charlton Heston playing Moses in a Cecil B DeMille movie, where he struck the rock with his staff and out poured the water? Well, with your wrench and your staff you too could save hundreds of lives if you pre-locate the lowest hydrant on your system. This could bring a whole new meaning to finding your favorite watering hole.

Grid up or grid down water will always seek the lowest point in the system. If you’re local water tower is empty so what? There are still millions of gallons of fresh water in the system. All you need to know is how to find it. Here is a bonus that most folks forget: Most meters do not have a backflow valve (A one way check valve). So as long as some one in any house or apartment leaves a tap open that water loses its vacuum and returns to the main line and the lowest hydrant on the system. In undulating country side there will be pockets of trapped water everywhere. So you live in a dead flat area? Well, the water is still there–all you have to do is go and get it. Most hydrants are held down with 8 to 12 3/4 quarter inch diameter bolts. Some are meant to break away in case of a crash but most are not. It will take some work and you will be breaching a closed system, so you had better not do this on a whim. Remember folks: do this in life and death situations only! It would subsequently take a chlorine shock to restore the integrity of the line. [And of course ithe hydrant would have to be re-assembled for the system to ever be capable of being used in its normally intended manner.]

So just how much water are we talking about? Well if we do some rough math together you can find millions of gallons of unused water. If you’re concerned about stealing the water please make a five dollar donation now to your water supplier, that would allow you to take 1,000 gallons of fresh water with a clear conscience. Most water lines are 8 to 12 inches in diameter. An 8 inch line holds about 2 gallons per lineal foot. A 12 inch line holds 6 gallons per lineal foot. So if each hydrant is a 1,000 feet apart plus you have all the secondary lines flowing back into the main line you have thousands of gallons of fresh water ready for harvesting.
Back to the math, if you have a water tower 100 feet in the air the head pressure will give you 44 PSI at ground level. Do you need 44 PSI to wet your whistle? No, you need 3 PSI like you get from a drinking fountain. So you need about 18 feet of head pressure on the line. Hence the search for the lowest hydrant on the system. And yes I did account for the water line being below the frost line at 4 feet and the outlet being 2 feet off the ground. This means water in the system will flow even in sub freezing Conditions.

I used to love the hydrants in industrial areas. These hummers were on 12 to 18 inch lines, talk about volume. If you live in an industrial area you are in luck. First who in their right mind would seek out water in an industrial park? Second the volumes are there. One word of hydrant caution if the hydrant is purple or the piping or the meter is purple that is industrial water and can never be used for human consumption. Sometimes the hydrant would have a sign on it “non potable water“. Steer clear of all things purple. Another source is some old buildings had water towers on the roof. These towers were used to flood the stand pipes and sprinklers in case of fire. This could be a valuable resource.

The hydrant itself is just a large cast iron spigot with its frost free valve below the frost line. The older ones did not have the enamel coating on the inside so your first drink will be a bit rusty tasting. Worried about Fido and his aim? First Fido aims for the base of the hydrant not the top. Second if your concerned about it spray the hydrant down with a 5% bleach solution before you start. I dare say that hydrant being out in the direct sun is far cleaner than the company water cooler.

So you don’t have a 1,500 gallon water truck to locate and transport the water back to your location? I can think of some ways on harvesting the water. I used a four mile radius on Google Earth around my house. Once I found my location I asked for a terrain map. Just 2,000 feet south of me is a low spot in the terrain. After a short walk I found that there was a hydrant there. This is certainly not the lowest on the system but it is close by. I do know that the hydrant will still have water long after all the neighboring houses have gone dry. When that hydrant goes dry I will have to increase my search radius to another lower hydrant. So you found your low hydrant and you have hydrant wrench. Remember you only need the cheater pipe on very stubborn rusty hydrants. To capture the water I would bring two 5-gallon food grade buckets. You might be able to stash these buckets in a near by location. I would fill one bucket at a time by drizzling water in than I would transfer the water into 10 one gallon milk jugs. I plan on riding my bicycle down to the hydrant then walking it back by wiring the 70 pounds of water to its frame. Is it the most safe and efficient means of transporting water? Probably not but this will work for me.

In closing 5,000 people die each day because of water-related illnesses. I watched thousands of Hurricane Katrina victims walk right past hydrants in their search for water. While many in desperation will drink from the city duck pond, all the while millions of gallons of fresh water will go unharvested right beneath their feet. You and your family should never be the one straining muck through your teeth hoping the diarrhea that follows won’t kill you. There must be a small group of leaders that will show the people the way. I hope and pray that you will be one of them. Again, the preceding is for life and death situations only!



Letter Re: An Earthquake Wakeup Call in Australia

Greetings!
I’m a SurvivalBlog addict who lives in the coastal suburbs of Adelaide, South Australia, and last night at roughly 11:25 p.m. my shower was interrupted by an earthquake!

It wasn’t strong enough to move furniture. In fact, as earthquakes go it was pretty weak (later revealed as a 3.8), but since we’re near the coast I wasn’t taking any chances, and neither was my wife!

Seconds after it was stopped I was drying off and we were both getting dressed. We locked the doors, shut the windows, grabbed our phones and our boy, put the dogs in the car and headed to higher ground.

All in all I estimate it took us less than three minutes to hit the road!

We were woefully under-prepared in terms of tangibles. We topped the car off with fuel at high ground (a lookout point) and bought water and food. We also took a bunch of money out of our accounts.

Local talk back radio was the only immediate source of information but it gave us a very good idea of how strong and far reaching the quake was. We camped out on a high spot overlooking the city. I’m not sure if my placement was wise, but I intend to find out for future reference.

After it became clear through local reporting that the
quake epicenter was not out out at sea we waited for an hour and headed home.

The highlight for me was finding out that my wife was every bit as pro-active as I was!

The worrying factor was the number of people that hung around on their front lawns like garden gnomes on valium, even after the Boxing Day tsunamis!

It seems most of us have short memories…

Thanks as always for this brilliant operation you run here. Without it I would probably have been another one of those garden gnomes, and though it would have been fine this time, perhaps next time it won’t. Kindest regards, – Bodes



Economics and Investing:

By way of the Appenzell Daily Bell: George Soros Warns that the EU May Collapse.

From Damon S.: 14 Pieces of Really Bad News for the U.S. Economy

The number that I mentioned in the blog on Saturday was too low. Here is the correction: U.S. shuts eight more banks; 50 total have been closed this year.

Items from The Economatrix:

Consumer Mood Unexpectedly Worsens in April

US Housing Starts Up

Bill to Restore Jobless Aid Clears Senate Hurdle

Pensions Crisis “Threatens Entire UK Economy”

$4.00 Gas by the End of 2010?