Economics and Investing:

Marc Faber Predicts: Debt Interest Will Lead to Default, Then War. Thanks to Brett G. for the link.

From GG: The Debt Contretemps Everybody’s Ignoring

Several readers mentioned this: Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says French banking chief. In the short term this could push the US Dollar up, and gold down.

The soon-to-be-released Generation Zero documentary looks like is destined to be a success. I noticed that Andrew Sullivan of The Daily Dish is giving it some coverage.

From J.T.: Greek FinMin unveils tax reform, wage policy

GG sent a link to the latest from Mish Shedlock on “revenue enhancement” in the land of Ouzo: Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes

Items from The Economatrix:

Bipartisan Jobs Bill Won’t Add Many Jobs

A European Crisis, Not a China Slowdown, Will Trigger a Global Collapse

Bankruptcy Bloodbath May Hit Muni Bond Owners Next

Euro Currency Union Showing Strain

Desolate Malls, Empty Offices May Come Soon

The Least-Trusted Banks in America

Doing the Dead Cat Bounce

This is No Time to Bet Against the US Stock Market

Individual Insurance Rates Soar in Four States

Obama Says New Budget Rules Will Rein in Spending (Gee, it must be a matter of one’s perspective, to have “out of control spending” seem “conservative”…)



Odds ‘n Sods:

“River Chief” was the first of several readers to send us the link to this article in The Guardian: Americans stock up to be ready for end of the world

   o o o

Sale ends tomorrow! JRH Enterprises is running a sale on new Third Generation AN/PVS-14 night vision weapons sight/monoculars–now with a five year warranty–for $2,995. I bought one of these from JRH last summer, and I love it. I have it mounted on a “flat top” AR, just behind an Aimpoint Comp 3 electronic red dot scope (with a 2 MOA adjustable brightness dot). With a flip of the throw-lever on the GG&G mount (sold separately) the PVS-14 detaches. This allows me to use it as a hand-held monocular, and makes the rifle available for daytime shooting. What a great combination! Orders yours, before close of business on Tuesday, February 16th. Quantities are limited.

   o o o

Tamara’s commentary on the recent hoopla in Massachusetts over some guy’s gun collection: If the pants fit, wet them. Why did the police display a bunch of legal guns and ammunition. So far as I can tell, their only legitimate beefs were some tear gas grenades, and the gent doing some plinking in his attic. They seemed to go into apoplexy at the sight of 17 full ammo cans. Shoot, I’ve bought that much ammo at just one gun show. Based on the number of guns he had, I’d rate him as positively light on ammo!

   o o o

Reader JDD suggested a very informative FBI report in scanned PDF format titled “Violent Encounters: A Study of Felonious Assaults on Our Nation’s Law Enforcement Officers“.



Jim’s Quote of the Day:

“If cowardly and dishonorable men sometimes shoot unarmed men with army pistols or guns, the evil must be prevented by the penitentiary and gallows, and not by a general deprivation of a constitutional privilege." – Arkansas Supreme Court, 1878



Letter Re: Combination Guns for Hunting

James Wesley:
In response to the letter asking about combination guns, I do recommend having one. I have a Savage 24C .22 LR / 20 Gauge that I take hunting more than any other gun I have. Where I live in North Carolina, I can and have taken any game that is in my area. From deer using OO buck or slugs, birds, rabbits, or any small game using birdshot or the .22 rimfire barrel. I would not be afraid of using the 20 gauge barrel on black bear either, if I had too in an emergency. When hunting, I do take a sidearm in .357 Magnum just in case I do run into a black bear as a backup. Yes, I agree that it is not a defensive weapon against multiple targets, but it does serve a purpose in having one. If lost in the woods the 24C would be the gun I would want to have. – Randy in Asheville, North Carolina



Letter Re: Just How Ugly Is The Sovereign Default Truth?

Hi Jim,
I noticed this article on Zero Hedge today that I think you will find interesting, if you haven’t seen it already. This is regarding the fiat system and how it the assumptions it is build upon are probably faulty. This, coupled with human nature, make collapse of the fiat system very probable, if not a certainty. Lots of good data in this article as well.

Thanks for all you do. I am learning much from you. I am now re-reading “Patriots” (after just finishing a stint that included ‘Alas, Babylon’, ‘Lucifer’s Hammer’, ‘Tappan on Survival’, your new book [“How to Survive the End of the World as We Know It”], and ‘One Second After’–do you think I should read something a bit lighter next?) We have many blessings to be thankful for; at the very least, your work has made me appreciate this.

God Bless, – Neal in Birmingham, Alabama



Letter Re: Neighborhood Panic Alarms, and Helping Your Neighbors With Home Security

James,

I would like to send a quick note along to any of your readers who still live in suburbia. My wife told me about an email going around suggesting that you keep your spare car keys at your bed stand when you retire for the night.

If something goes bump in the night you can use your panic button to set your car alarm off to do anything from deterring trespassers that you hear outside to alerting your neighbors that you have an intruder and are in dire need of help.

I thought it through and decided to take it up a step building it into our neighborhood “block watch”. Rather than just having the keys in our bedroom and calling it good, I told my neighbors what we are doing and suggested that they do the same. It makes a good conversation to let them know that you are ready and willing to help any way that you can when they are in need. It is also a good chance to update emergency contact phone numbers. I have also found some like minded people and possible friends in the future. I know now which sector I may need to keep my eye on WTSHTF and who may be seeking out charity.

One thing about this system to keep in mind is that your remote may not reach out to your car from your bedside. Make sure you test this out, just like you test and trial run your window ladders and fire escape routes and rally points annually, right?

One last note, my adjacent neighbor and wife work out of town for 2-3 days at a time from time to time. When the snow started to fly this year I approached them and asked if they would mind that I drove up and down their drive a couple of times in fresh snow when they are gone as they normally park in their garage. I had to explain that it gives their house an occupied look and they were all for it. I am not as concerned with their property as I am with allowing degenerates to notice a soft target so close to my house. This may be a good idea for any of your readers with vacant houses in their immediate area.

Thank you and God bless, – Ken A. in Ohio



Letter Re: Some Real Life Battery Data

Hello Jim –
I took interest in your response to the post by Steven J S “Letter Re: Some Real Life Battery Data” and the concept of storing “dry batteries”. From my long and intensive research on this, you are absolutely correct. Finding a true dry battery (one that was not flooded and then emptied) is nearly impossible. Perhaps some other SurvivalBlog readers can provide some help on this topic, but I have found that in order to truly get a dry battery – one that has never been flooded with acid – one would almost have to work at the manufacturing factory or component supply level – i.e. be an insider in the industry. My interest in this topic, as I am sure most of your readers’, is in the area of deep cycle and commercial batteries. I do have a small solar generation system, and would love to be able to buy shelf-stable batteries to put up for the future. I find that I get about seven years out of my Trojan L-16s [before they sulfate to the point that they will not hold a charge.] It frustrates me that I can’t store extra batteries for future use. Really, most all the companies (Including Trojan) that I have talked to tell me that they can not (or will not) sell true dry batteries to the general public.

So here is the question I have for the chemists out there in your readership base. Would it be possible to buy some freshly manufactured batteries, and then remove the acid yourself and store separately? How difficult is it to evacuate a battery? Can the plates then be neutralized by adding an alkaline solution to stop the small amount of sulfation that has/would take place if the batteries plates were not neutralized? Should the battery then be flushed with fresh water? There has to some way to accomplish this and produce a shelf stable storage strategy for what will become very precious assets in the future. Any help your readers could offer would be much appreciated, and of course, all the safety precautions you mentioned in your first must be strictly adhered to when doing this type of work. Thank You, – Fullclip



Economics and Investing:

From GG: California Teachers Pension Fund $42.6 Billion Short

Truckman sent this; Commercial Real Estate’s Coming $1.4 Trillion Crisis

From JDD: Report: 1 in 5 U.S. homeowners underwater

Items from The Economatrix:

Inflation: Ignoring Doesn’t Make It Go Away (The Mogambo Guru)

Chapter XVI: When Shopping Is A Pleasure (The latest in The Day The Dollar Died series)

Globalization is Killing the Globe: Return to Local Economies

FEAR Davos 2010, Into the Bomb Shelter

Why Silver Price Will Boom to $50/Oz.

Bernanke Says Discount Rate May Rise “Before Long”

Trade Gap Unexpectedly Rises on Imports

How A New Jobless Era Will Transform America This raises interesting questions: What do all the jobless people do to survive now? What happens when the unemployment runs out? Will government increase welfare, which will raise taxes even more?





Jim’s Quote of the Day:

“Thou calledst in trouble, and I delivered thee; I answered thee in the secret place of thunder: I proved thee at the waters of Meribah. Selah.

Hear, O my people, and I will testify unto thee: O Israel, if thou wilt hearken unto me;
There shall no strange god be in thee; neither shalt thou worship any strange god.
I [am] the LORD thy God, which brought thee out of the land of Egypt: open thy mouth wide, and I will fill it.” – Psalm 81:7-10 (KJV)



Note from JWR:

Today we present another entry for Round 27 of the SurvivalBlog non-fiction writing contest.

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 Fiocchi 9mm Luger, 124gr. Hornady XTP/HP ammo, courtesy of Sunflower Ammo. This is a $249 value.

Second Prize: 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 $350.

Third Prize: A copy of my “Rawles Gets You Ready” preparedness course, from Arbogast Publishing.

Round 27 ends on March 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.



Survival Tips for the Business Traveler, by F. Russell

I’m both a family man and a business traveler. When I’m on the road, my primary mission is to do the best job I can and get home again. In the event of an emergency, that mission immediately reduces down to get home as fast as I can.  Most families have emergency plans that assume that the family or group will be together. But what happens if one or more of the group can’t be there? When you’re on the road, your primary mission in any catastrophic emergency is to get home to your family and support system. You can’t fulfill your part of your community/family emergency plan if you’re not there to do it. For those in a position similar to mine, I offer the following suggestions. These suggestions are preparatory in nature for the start of any catastrophic situation and carry the following assumptions: Trouble comes unexpectedly. Chance (luck & fortune) favors the prepared mind. And in periods of catastrophe, while good will may abound – predators abound as well.

  1. Make sure that your family has an emergency plan that includes what to do when you’re not home. Have primary, secondary and tertiary meet spots, as well as innocuous signals that will tell the other parties if they’ve left and where they’re going.
  2. Don’t tell strangers or your casual neighbors (anyone not in your network) how long you’ll be gone, even inadvertently. (Not even in your church as a prayer request!) My usual spiel goes something like this: “yes I travel for business, but with us trading vehicles and the garage, you can never tell which of us is home.” and: “I don’t have a solid schedule, it’s just a day here and the next day I’m there.” Also: “Not telling” includes you generous souls who leave your garage door open all the time. You may think it’s not a big deal because nothing ever gets stolen. But are you sure that you want undesirables to know that your family is there without a critical part of their survival plan? (You!) And don’t think that someone isn’t taking inventory and will notice if you aren’t home. If you are gone and there is something that someone needs bad enough on the other side of a garage door – then the door is coming down. Once past the garage door, don’t think they’ll stop before checking out what they can get out of the house proper.
  3. Have a “get home bag” and keep it with you. This is usually just your three day bug out bag (BOB) bag kept in the car. Though you might specialize the bag somewhat I’ll still call it BOB. Keep your BOB with you. It’s your friend. You don’t want your friend to get lonely do you? Not too long ago backpacks, and especially camo backpacks were unusual and drew a lot of attention in the business world. Not so much anymore. Even in airports, (which I strongly suggest you avoid), it is not unusual to see men in suits with camo accessories. In any event, my Kettlebell draws more attention than any backpack.
  4. Do not under any circumstances use BOB as your travel bag. They serve an different purposes. The get home bag is to get you home. It has no room for your work laptop, or even an extra change of socks for the trip. The next thing you know – you’ll either leave BOB home or use it to live out of. I’m sure your luck will be better than mind, but I expect that about the one time I used BOB as a travel bag TEOTWAWKI would happen and I would be in the middle of nowhere with half-used resources.
  5. Stay fit. The road is a great place to break your diet and get weigh over your target weight (pun intended). If “it” happens, you may end up walking home at least part way with BOB on your back. Better to do so when you’re in good shape. Pick the diet that works for you and stick to it. Carry your workout equipment and routine with you if you can. Exercise equipment varies widely from hotel to hotel; but my Kettlebell is always the same. I was at a national brand upper scale hotel and found that 4 of the 6 machines didn’t work at all, and due to liability issues, you can pretty much forget about free weights in any hotel chain. Take responsibility for your own equipment and work out in your own room. From personal experience, I know that this more than doubles the likelihood that you will actually exercise. An additional advantage is the when working out in your hotel room, you never need worry about who is watching you. While I prefer the Kettlebell, other great options include elastic straps, weights that fill with water, and mats for stretching and yoga type exercises.
  6. Don’t fly unless you absolutely must. Drive whenever you can. Airlines will make you leave or check all of your goodies. Unfortunately, the days of carrying even a pocketknife or multi-tool on a plane are gone forever; and (again) while your luck will probably be better than mine, my luggage is lost or late at least once per year. In 2008, I flew cross country with my company training materials checked in the plane. But it was hot that day and when I changed planes, they left my luggage on the ground to save enough weight to get the plane in the air. I was told that they could deliver the luggage “tomorrow” but I needed the materials by 7am the next day. So I sat in the terminal for 6 hours hoping my bags would show up on the next flight. BOB will do you no good if you are in Sacramento and BOB is in Los Angeles. So for business expediency, I have adopted a 4 hour rule: I will always drive if I can drive there within 4 hours of the door to door flight time. This is the equivalent of a ~500 mile radius. If the trip difference is less that 6 hours, I will usually drive, with my current location, this is the equivalent of a quarter of the US.
  7. If you must fly, try not to share rental cars with people outside your your own geographical locale. In the event of another airline emergency, the flights will be grounded and if you don’t already have a car or rental then you probably won’t get one. I was 800 miles from home on 9/11. I had to fly out to the job site, but fortunately already had a rental car and was able to drive home. Typically I shared a rental car with another manager three states away in the other direction; fortuitously, we had for this “one exception,” acquired separate cars for this trip. Had it not been for that exception, the other manager and I would have been flipping a coin for the right to take the car home. I have never broken this rule since.
  8. If you can legally carry a concealed handgun do so; and carry whenever you can. You never know when trouble is coming and just like your BOB or Get Home Bag; it will do you no good at home or locked in the trunk of your car. And let’s face it, if you knew when and where trouble was coming, you wouldn’t be going there in the first place right?
  9. Know your surroundings. Sit where you can see what’s going on, don’t just look around, look around continuously. Know who and what is around you. This applies not only in restaurants, but in hotels, businesses, and even (or especially) on the road. Use your eyes, ears and nose to let you know what’s going on. While on a business trip to Milwaukee in the late 1990s I found myself sitting in a regional chain family diner during the late lunch period. The activity in the kitchen changed and we noticed that the smell of food was gone. My coworker and I got up, paid our bill and left the building. As we pulled out of the lot a fire engine (the big one with the pumps, ladders and such) pulled into the lot entryway and parked, blocking most everyone who was still inside.
  10. Be everybody’s friend on the road. The waitress, the hotel clerk, the gas station attendant/clerk. Learn to tell a joke that doesn’t offend anyone. Smile at everyone. You want to be that friendly guy that doesn’t look like he’ll harm a flea. Don’t be the victim or the strong man. Both are targets for criminals, the victim for the opportunity to exploit, the strong man for his ability to interdict the criminal’s plans.

Driving Tips for the Business Traveler:

  1. Don’t park “nose in” to a parking spot. If you nose in, you have to back out. In the case of an emergency, you may need to fight traffic to back out and may not have have the luxury of the time to do so. Also, if you back in, then you have the opportunity to make sure that no one is following you. By the way, this includes your own house! Every year, I hear several stories about people who are robbed or worse by predators who follow the driver into the house through the garage door. Turn around, double check your surroundings and then open the door and back in. Close the door and then get out. My more paranoid friends will add that once you back in, put the car in drive until the door closes. This way if predators come to get you, you can go forward out of the garage and away from danger.
  2. Don’t park where you can’t get out. This includes areas near fire hydrants and dead end parking lots. If I have the choice, I don’t park on the same side of the street as the  hydrant. Emergency vehicles will block you in. Losing your vehicle to a crime scene or other emergency makes it difficult to drive home.
  3. Be willing to walk away. Travel is like a delicate negotiation, if you’re not willing to walk away, then you increase the odd that your costs will be higher. Be flexible. If you can’t abide by the rules, be willing to walk away.  I’ve been known to drive a few miles out of my way for special food: Great ice cream in Cincinnati Ohio, the best prime rib in Milwaukee Wisconsin, incredible Carne Asada in Childersburg Alabama, and “can’t get them anywhere else”Green Chile Rellenos in Albuquerque New Mexico. Actually, I’ve been known to take a hundred mile detour or more for great food. But more than once, I’ve driven through or past the lot even after a detour because either it didn’t look right, or I couldn’t park so I could get out. I’m probably paranoid. But I’m also very alive and haven’t lost any stuff.
  4. Be willing to walk. Sometimes in order to comply with the park only where you can get out rule – you end up passing up the closest parking places. You can wear a jacket or hat if you don’t want to get wet. Walking in to the building gives you the added advantage of time to check the place out inconspicuously. As with the previous tip, be willing to change your mind to go back to your vehicle and drive away. It something seems wrong, it probably is.
  5. Don’t park under a street lamp and not in the dark either. You’ve got up to a couple grand in your emergency bag. The light makes is easy for criminals to see, the dark makes it easy for them to operate. Pick the middle ground if available.
  6. Don’t show your stuff (Keep your mobile office hidden). If you mobile office is your life, don’t expose your life to others. A lot of traveling professionals have near bleeding edge toys: laptops, PDAs, scanners, printers, GPS, etc. If you look like a traveling advertisement for the consumer electronics show – don’t be surprised when people try to take it from you. Discretion is not only the heart of valor, but of security as well. Discrete does not mean to take all of your valuable stuff from the passenger seat and move it to the trunk whenever you stop for meals. I was at a truck stop in Ohio once where this guy did exactly that; and the entire truck stop watched him do it. Get creative and only have the stuff you need available when you stop. Keep the goodies hidden!
  7. This should be obvious, but: Keep your gas tank full. The questions you need to consider is: How many fuel stops will I have to make before I get home? If I have to turn around right now, can I make it back the way I came, or around an unexpected detour? I’ll confess to have broken this rule a time or two trying to get the cheapest gas or stop at my favorite diner. It almost cost me big time when an accident on the interstate made me take a 15 mile detour through no-man’s land. I made it to a gas station, but it could have easily gone the other way.
  8. Lastly, keep your car in good repair. Don’t skimp on tires or fluids. Especially in inclement weather. One fluid that everyone forgets until they run out is washer fluid. Keep an extra gallon in your car. I shared mine a few years back with a sports car that ran out in middle Kentucky. It was the worst storm of the year and the station had run out of fluid to sell.

I think everyone here knows that preparedness is a much a matter of mind than stuff. And once everything goes south, this will be on everyone’s mind. But I tend to view survival as as 24/7 issue: not just getting ready for when “it” happens, but anticipating that “it” could come at any time. And being ready. Blessings to you and yours.



Three Letters Re: Your Post-TEOTWAWKI Diaper Insurance

Mr. Rawles,
Regarding the blog entry “Your Post-TEOTWAWKI Diaper Insurance,” I wanted to add that the problem with the messiness of cloth diapers can be lessened by using disposable liners. Special liners are sold for use in cloth diapers, however a more cost effective solution is to dry out cheaper baby wipes and use those [as liners]. Thank you for your diligent service to the survival community. Keep up the great work. Sincerely, – JD in Richmond, Virginia

Jim,
I love your blog site. About the article about cloth diapers — they are easy to make and cheaper than bought ones. There was an article in Backwoods Home Magazine about making them.

Last year we had two grandbabies born and I made 3 dozen of each size for each baby. Cutting that much terry cloth was messy and the project time consuming, but well worth the effort. Their mothers used them and were glad to save money on disposable diapers. I suggest getting the snap machine and snaps to close the diapers, I never was successful sewing on the velcro.

Also, for the ladies, there are patterns on the Internet for making [washable] ladies menstrual pads. The same materials for babies diapers can be used to make these pads. Here is one of the web sites for patterns for making these.

Thank you for providing such a great site to share ideas for survival. – A Granny in the Woods

 

Mr. Rawles:
This was a good, informative article. There are a few things that I’d add for your readers:

1. You can save money on cloth diaper systems by buying them used.

2. You can also sew diapers yourself. I sewed pre-folds for our children from old flannel sheets and cotton terry cloth towels: a rectangular center pad of 6 layers of cotton flannel or 1 layer of terry cloth, sandwiched between two wider rectangles of flannel. I made them in three sizes, for newborns up to older toddlers. Leftover flannel scraps went into diaper doublers, cloth wipes, or “mama cloth” (see below).

3. If you can’t spray dirty diapers, they can be scraped with an old spatula or an ice scraper for windshields. I’ve never dunked or sprayed diapers, though the hand-powered sprayer does sound useful.

4. For an emergency diaper, fold a washcloth into half or thirds and put inside a onesie; or use a flannel receiving blanket as a flat diaper, by folding it into a rectangle or triangle. Cloth diapers are easy to contrive–just look at what cotton fabrics you have on hand, and fold them into a shape that is thick in the right places and can be pinned onto the baby. Diaper covers are not quite so easy; in a pinch I would cut a triangle of polar fleece or old sweatshirt, and pin it on over the diaper.

5. Diaper pins are strong and don’t rust, you may want to keep some around even if you don’t have a baby.

6. At night and while traveling, the key to avoiding overflows seems to be to simply provide enough absorbency. We put a “doubler” (an extra pad of flannel, using scraps leftover after sewing diapers), or a smaller pre-fold diaper folded lengthwise, inside the diaper.

7. Cloth diapers may require some troubleshooting. Typical problems are recurring diaper rashes or diapers that are stinky after being washed. “Stripping” the diapers by washing them with a little Dawn dish detergent, and improving the diaper washing procedure may help. Direct sunlight will help disinfect diapers.

8. For the ladies, flannel “mama cloth” pads can also be made: 6 layers of flannel, or 2 layers of terry between 2 layers of flannel, sewed together into a pad shape. These are comfortable and do the job surprisingly well.

Thank you for your excellent blog, – Peggy



Letter Re: Some Real World Battery Life Data

Hi Jim,
There are batteries becoming widely available these days with the lithium/iron-phosphate chemistry (different than the lithium/cobalt chemistry in laptop batteries). These lithium iron phosphate (LiFePO4, or LFP) cells were first used in Dewalt brand lithium power tools. The main advantages are a vastly improved cycle life (2,000 – 7,000 cycles versus 500-800 for lead acid and 500-1000 for NiMH), high discharge current closer to lead acid, better deep-cycling performance, they won’t explode like laptop batteries and need no maintenance, venting or caustic chemical refills and they operate at almost 100% efficiency. If you topped these batteries off once per year they should remain good for a decade or longer.

The only downsides are the price, which is higher than lead-acid (in Dollars per Amp-Hour) but less than other lithium or metal-hydride batteries. There is also the need for a programmable charger, which can be expensive. The cut-off voltage is unique, unlike lead-acid, NiCd and NiMH batteries, and the batteries will be damaged from overcharging. I’ve been using a disassembled Dewalt battery pack for my portable radio rig, with this “Dapter” charger. For a house-size battery bank, you could use the Outback Flexmax line of charge controllers, which are programmable from a PC. Most charge controllers support only lead-acid or have fixed settings for only the most common battery types. – Jeff M.



Economics and Investing:

Hugh D. zeroed in on this Telegraph article: China orders retreat from risky assets. The article begins: “China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets.”

Randy F. sent this article: Monopoly “Money “ –which notes that it is currently illegal to melt pennies or nickels, and the plans for further debasement of our currency.

Reader JTH found this: Bailout panel cites commercial real estate danger

UK central bank says it may restart debt monetization –after just r4ecently trumpeting the end of it. (Thanks to George Gordon for the link.)

Items from The Economatrix:

Money Supply Data Reveals “New Major Dip” Ahead

Famous Last Words: US Will “Never” Lose AAA Rating (Not as long as the fox is guarding the henhouse!)

The Dumping Begins: Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested

Jobless Claims Figures Raises Hopes for Recovery (What a roller coaster this is…it’s down…it’s up…it’s worse…it’s better!)

Median Home Prices Show Signs of Stability (Someone saw a green shoot in a neighbor’s front yard and misinterpreted it as an economic indicator…correction will soon follow!)

Citi Plans Crisis Derivatives

Darryl Robert Schoon–Davos: The Bomb Shelter

Stocks Swoon After China Brakes Spending Again

Eurozone Economy Falters, Germany Flat

The Rude Awakening of 2010