Letter Re: The Value of Sprouting

Mr. Rawles,

In addition to seeds for a garden, anyone can produce fresh healthy and extremely nutritious sprouts on a kitchen counter with nothing more than a couple of plastic ice-cream containers. They can provide a real respite from canned veggies while you’re waiting for the crops to mature and year-round fresh greens. I sprout the common mung beans (think Chinese cooking) but I also do lentils, various peas and beans and (if I could get it) I would do alfalfa and clover. You can also make a respectable salad in your kitchen with a tray of mesclun seeds, grown to a few inches high. Peas, any variety, will produce a delicious green in a few days in a sprout tray. You can get a lot of information and supplies from Sprout People or you can just buy regular seeds and beans from the supermarket or seed supply store. I did ’em years before I even considered how they might supplement a ‘survival kitchen’ for the fun and goodness of it! – Lisa in Panama.

JWR Replies: Sprouting is indeed a great way to provide essential vitamins. Ounce for ounce, sprouting seeds are the most nutritious and space and weight efficient form of storage food! Sprouting seeds and sprouting kits (with trays) are available from a variety of Internet vendors, including some SurvivalBlog advertisers such as Ready Made Resources, Nitro-Pak, and Lehman’s. Also, don’t miss this letter on sprouting wheat grass, in the SurvivalBlog archives.



Economics and Investing:

SurvivalBlog’s Editor at Large Michael Z. Williamson sent us a link to an interactive unemployment map. OBTW, speaking of Mike, I just heard that his recent sci-fi novel “Better to Beg Forgiveness…” is now out in paperback! (Be forewarned that this is not a children’s book!)

D.S. flagged this from US News & World Reports: How to Handle Your Job and Finances If There’s a (Yikes!) Depression

Signs of the times, courtesy of FloridaGuy: Stark, Ohio’s hottest job: Janitor – Over 700 applications for one slot. Holding a layoff-proof, low-paying civil servant job may become the source of envy, as the first decade of the Greatest Depression continues.

Ben in Nevada spotted this: Cash In A Mattress? No, Gold In The Closet, With prices setting new records, the worried wealthy are piling up ingots in home safes. Newsweek goes shopping for precious metal.

Items from The Economatrix:

Peter Schiff on the US Dollar Bubble

Wal-Mart Trading Surge Keeps US Retail Afloat

China Crisis as Economy Crumbles

Asian Shares Fall on Bank Concerns



Odds ‘n Sods:

Adam W. suggested this bit of preparedness humor from Germany: Urban Camouflage

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Dale B. found this: How safe is your safe deposit box? And speaking of bank boxes, Dale also found in the UK’s Sun newspaper: £2.5bn safety deposit box raid

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Ben in Nevada spotted a good deal on Blackheart AR-15 magazines.

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Edward K. mentioned a piece over at the Alpha Rubicon site on how to make cloth maps for G.O.O.D. purposes.



Quote of the Day:

“By this we have come to know love, because He laid down His life for us. And we also ought to lay down our lives in behalf of our brothers. But whoever has this world’s goods, and sees his brother having need, and shuts off his compassion towards him, how does the love of God abide in him? My little children, let us not love in word or in tongue, but in deed and in truth.” – 1 John 3:16-18



Note from JWR:

Today we present another entry for Round 21 of the SurvivalBlog non-fiction writing contest. The contest prizes include:

First Prize: Two transferable Front Sight  “Gray” Four Day Training Course Certificates. This is an up to $4,000 value!
Second Prize: A three day course certificate from OnPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses.
Third Prize: A copy of my “Rawles Gets You Ready” preparedness course, from Arbogast Publishing

Round 21 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 will have an advantage in the judging.



Herbal Cures at Your Doorstep, by Organic Cathy

“Health care” in America – while having “evolved” – leaves much to be desired i.e. cost, effectiveness, government restrictions of natural medicines, deaths caused form “modern” medicine, control and pharmaceutical greed to name just a few. in the blaring light of reality of today’s coming collapse even simple health care will be challenging to say the lease.
While I am not formally trained in herbal medicine, I do have some medical background and twenty plus years of growing and using herbs and more recently delving into wild herbs. TEOTWAWKI will change the availability of “home health care” from government regulated pharmaceutical based approached to real home health care where individuals – especially those in remote areas – will need to rely on what is at hand.

I hesitate to even approach this subject, as it is vast, involved, time consuming and can be very overwhelming. On the other hand, knowledge of hers is powerful and very useful in survival situations.
History show that American Indians were knowledgeable in plant medicines, including a spiritual link. That, backed up by the medicine woman or man with extensive training passed on from one generation to the next.

The colonists – especially housewives – were responsible for their family’s health and well being. Many medicines were grown in the kitchen gardens. The medicines that couldn’t be grown were purchased at apothecaries that carried items imported by ship. This entailed a dangerous and lengthy trip to the nearest outpost. When doctors made house calls he expected basic herbs to be on hand provided by the household.

When the SHTF many will be on their own. Medication supplies – any and all – will most likely be disrupted along with everything else. While I have a small supply of basic meds (over-the-counter pain/.fever medication, cold, and diarrhea etc) I’ve chosen to focus on what I can use from nature in my local area: wild herbs, plants, trees as well as growing my own. As mentioned above limited supply and what I have on hand will eventually expire or will run out. Also important besides growing my own medicine is the knowledge of what grows wild in my zone will allow me to wild harvest a variety of medicinal plants in the event of evacuating my home. I consider it my mental G.O.O.D. kit. Knowledge literally weighs nothing on my back but can mean everything in survival situations.

So, having said all that, What to do? Medicinal plant knowledge IS overwhelming! But don’t let fear take up valuable energy. Start with the basics. There are a number of excellent resource books out there (a list will follow). Build a library of your own. Create your own resource book: three ring binder or notebook. If (as is the case with most of us) money is tight, go to the library and take out books on home remedies, wild herbs in your areas as well as medicinal plants (trees, shrubs, berries etc.) and take lots and lots of notes. Search the internet for free articles, videos, and any other information to be found on medicinal plants. There is a wealth of information out there. Talk to those knowledgeable in herbs – most local fairs have booths of homemade herbal products – talk with these people – have specific questions to ask as usually they are very busy with ten more people waiting to do the same thing. Do you know family,friends, relatives, neighbors who grow and/or use their own herbs? Visit nurseries that sell herbs and speak with staff there, this is what they do for a living.

Join together with friends who share this interest and take turns attending different workshops. Share the information. This works well in regards to books, CDs,and so on to keep the cost down. Take a botany class, join the Audubon or Sierra Clubs, subscribe to herbal magazines, check out your local extension office – there is a vast amount of resources for little or no cost, look for fliers ( I am notorious for picking up these at fairs, farmers markets, nurseries, health food stores, agricultural shows and on and on). Newspaper articles, magazines, television shows, and documentaries are also information sources. The point is there is information everywhere if you pay attention!

Start your own herb garden. I’ve grown/started many over the years due to multiple moves. Last year after unearthing an incredibly beautiful rock pile I transformed it into an herb center. It is relatively small but individual “pockets” allowed me to plant all kinds of different herbs! (Side note: many herbs are invasive so be mindful where and how these are planted – know growing information for each plant you want to grow). Some herbs can take years to become established and usable for medicine, so start now.

Nature walks. Begin now educating yourself on what grows in your area; learn the habitat and growing cycle. Throughout the year I’m constantly looking at plants that grow in my area – what it looks like in the spring all the way to maturity and harvesting. Even in the winter as some plants are still visible above the snow and I take note of its location so that I can return during the growing season. Understand how these plants grow and spread, so as not to annihilate its growth cycle when harvesting. Many wild plants are extinct or on the verge due to over harvesting. Take note of the location of the plants you find and its abundance. One of the biggest challenges is plant identification! Be absolutely certain you know the plant before harvesting!

All inclusive books with good pictures, drawings, uses, preparation etc. is hard to come by. That is not to say there aren’t good ones out there you just may need more than one reference guide. Again talk with knowledgeable people. I personally learn better from being shown than reading. When I discover or am shown a new plant I do extensive research to make sure it is exactly what I think it is. The Google image search is great in this area because numerous pictures are available all in one place.

Once you are confident of what a plant looks like, where it grows, how it grows (wild/cultivated/both), its uses, administration (teas, tinctures, poultices etc), side effects, interactions with other herbs and/or pharmaceutical medications and any allergies associated with the plant move on to the next one. (You do not have memorize this information but have it available for reference either in your resource book or library.) For example, one of my favorite herbs is Echinacea (boost your immune system). I have used it for years but last year was the first time I’ve tried growing it. Another favorite is chamomile (helps with digestion and sleep) – easy to grow and use.

This past summer I studied my lawn! There are many “weeds” that grow naturally and have multiple uses. For example common plantain: rub the leaf on bug bites to relieve the itch, apply to burns and can be used a a diuretic just to name a few of its uses. If you are looking for a specific remedy, see if the plant(s) grow in your area and start looking! Last year my son got into poison ivy which resulted in quite a rash. A local man was selling an once of sweet fern for $12.00! It grows naturally in my area. Being a tightwad I researched what it looked like and its habitat and set out hunting for it. I finally located it, harvested some, prepared it and it worked wonderfully with no side effects.[JWR Adds: It goes without saying, but for liability reasons, I must remind readers that using your lawn as a source for medicinal herbs or salad greens is an option only if you use no chemical fertilizers, pesticides, or weed killers.]

This can and is time intensive but well worth the effort. The best way to approach it that I have found is to incorporate it into my daily life. No matter where I was or what I was doing outside I constantly scoped0ed out the surrounding plants. At night I would search the internet and/or my books to identify the plants. The sweet fern for example, and wild blueberries, both of which grow in the wild locally. Knowing what sweet fern looks like and the type of area where it grows allowed me to locate it easily which happened to be in the same vicinity as the blueberries! Can you say multitasking? I also discovered this winter while reading a “weed” book that one of the “weeds” that all but consumed my garden, one that we tirelessly ripped up, is a wild edible plant! Another popular “wee” of our garden turned out to have medicinal properties.

I by no means have extensive leisure time to devote to medicinal plants. Last year we had a huge garden with over twenty-five different varieties growing which I canned, froze, ate and gave away, picked wild and cultivated blueberries, strawberries, apples, (making jellies, applesauce, and freezing) and what my garden didn’t produce, I purchased form local farmers markets. My significant other built a sizable three room addition that was completed in about tow and half months. We picked, cleaned, froze and pickled fiddleheads. I mention this only to help others be aware of what can be accomplished when you set your mind to it. As survival focused individuals, we are all busy! Things are going to be busier as the economic crisis gathers speed and we tirelessly work to prepare. I did sit down and endlessly study I plug away at it whenever time allows – even during the winter months. It does not matter how much you know or don’t know. Start where you are at, keep it simple, be consistent (even if it means consistently inconsistent!). If you learn only one plant a month that is twelve in a year’s time and that is significant! BTW, if you have specific health issues tailor your research to plants that address them. Often insurance companies do not allow you to refill prescriptions before your supply is down to less than a one week supply. So get going, good luck, and God bless!

PS: If you have insurance, now is the time to take care of your ignored health issues, as it will be much more difficult and expensive after the SHTF.

Starter list of books: (These are just a few suggestions to start with. You can design your library to fit your needs)

A Field Guide To Medicinal Plants and Herbs – (for your region) from the Peterson Field Guide Series
Tom Brown’s Field Guide – Wilderness Survival by Tom Brown
Back To Eden by Jethro Kloss
The Complete Guide to Herbal Medicines by Charles W. Fetrow and Juan R. Avila
The Herb Book by John B. Lust
A field guide to weeds in your area. [Ask your USDA Agricultural Extension Office Agent. They often have free reprints and fact sheets on weeds available]

Herbs you can start with: (The information that follows the herbs is very brief and general. Be sure to do your own detailed research)
Aloe: Vera — Easy to grow/maintain houseplant; a must for every household – burns
Cayenne: powder — Gel cap or spice bottle; bleeding (internally and externally), shock
Comfrey — plant/salve for wounds, cuts, scrapes
Goldenseal — Supplement/salve, fighting infection
Echinacea purpea (Purple Cone Flower) — Boosts immune system
Peppermint — Stomach ailments
White Willow Bark — Same active ingredient as aspirin



Two Letters Re: Aids to Mapping Your G.O.O.D. Routes

Sir:
We live at our retreat full time in a very rural county in Virginia. Without going into detail, I’ve had conversations with the locals and my sense is that the road signs will disappear if things where to go south. The locals don’t need them and don’t really care to have folks around that would need them.

So if your plan is to go somewhere then you had better drive it before hand, in fact you should have several different ways. Make a notebook of your turns by intersection count and visible landmarks (that can not be moved). Or you may find yourself on the “white edge of the map” — that is an old aviator’s term. – RH in Virginia

 

Jim,
I saw someone mentioned Delorme’s Topo Map product in Thursday’s blog, and I wanted to let you in on a great (and free-to-use) program called USA PhotoMaps. The program is donation-ware, unlimited except for one nag screen which is removed if you donate. It allows you to download Topo Maps and Aerial Photos for any location in the continental US — all free from Microsoft’s Terraserver. I use the program extensively for planning hikes and plotting trails. The program can be used with a GPS to track your location real-time, and it’s got a lot of other bells and whistles. One nice feature is the ability to load in freely available Tiger Street overlay data so that roads on the Aerial Photos or topo maps can be quickly identified. The software won’t automatically calculate routes for you like the Delorme program will, and it is written by one guy so support is limited, but you can’t beat the price. I’ve found it to be a very valuable addition to my laptop. The program can be downloaded from the author’s web site.

While I’m on the subject of software, I should mention one other niche program that’s very useful for keeping a database of locations. The program is called the Geocaching Swiss Army Knife (GSAK). It was designed for geocachers to keep track of coordinates for their geocaches, but it can be used with any coordinate-based location data. I use it to mark the locations of caves, gun clubs, hiking trails, and any other special places I might want to go. GSAK is designed to load and retrieve waypoints from any GPS than can be connected to a computer. All waypoints can be plotted on maps, viewed in Google Earth, or viewed in USA Photomaps. A little setup/tweaking is necessary to make full use of the program, but it’s loaded with features including an extremely powerful macro language. With GSAK I can load my GPS full of locations I need to navigate to in just a minute or so. Anyone who needs a location based database with full GPS integration should check out GSAK. It’s available from www.gsak.net and is shareware with a lengthy demo period and $25 registration fee.

And for those who aren’t familiar with the GPS navigation-based hobby known as geocaching, they can learn more about it at Geocaching.com. The skills learned through geocaching like navigating via GPS, reading topo maps and aerial photos may one day prove useful for much more than just fun and games. Thanks for your blog sir, I enjoy reading it. – Doug in Pennsylvania

JWR Replies: Thanks for mentioning those sites. Along the same lines as geocaching, I highly recommend the sport of orienteering–organized by the US Orienteering Federation. (There is a similar organizsation in the UK.) This is more intellectually challenging than most GPS-based sports, since you will use traditional map and compass for land navigation. You’ll learn how to do calculate magnetic declination offsets, intersection, resection, and so forth, all under time pressure. And, like the more extreme forms of GPS sports, it is essentially a race, so you need to move with a purpose. This makes it great exercise, too.



Economics and Investing:

Do you recall the warnings that I’ve made, starting in 2006, about derivatives counterparty risk? Well, CDS paper is just one aspect: Pressure to reveal major AIG counterparties grows.Stay tuned, as the economic depression unfolds, and we see hundreds of counterparties cease to exist. Who will get caught holding the bag?

I spotted this linked at Drudge: 12 percent are behind on mortgage or in foreclosure. “A stunning 48 percent of the nation’s homeowners who have a subprime, adjustable-rate mortgage are behind on their payments or in foreclosure…”

From reader Mike K.: We Are Facing an ‘Inflation Holocaust’: Jim Rogers. “We had the worst excesses we had in credit markets in world history. We’re going to have to take some pain,”

Luddite Jean sent us this Daily Mail article: Bank of England prints £75 Billion and slashes interest rates to 0.5%

From DCB: Stimulus cash may spur massive inflation & jump in commodities.

Items from The Economatrix:

Unemployment Rate Bolts to 8.1%, 651,000 Jobs Lost in February

Stocks Turn Lower After February Jobs Data

BofE Starts Printing Presses

Morgan Stanley Predicts Downturn Will be Worse than the 1930s Depression

GM Says it Will Go Bust in Days Without Bailout

US Stocks Down

Food Stamp Enrollment Jumps to 31.8 Million People

Paralyzed Markets Plunge to New Depths

Talks Underway to Sell Off The Hartford’s Life Insurance and Annuities Operations



Odds ‘n Sods:

Luddite Jean, reporting from Nanny State Britannia, tells us that eBay.UK and eBay Ireland are banning most knife sales, starting March 10th. The only exception will be some kitchen cutlery. (But not any sharp, pointy knives, those might be dangerous!) The logic of this move escapes me. Ostensibly, this is being done “…to help further protect our members…” So henceforth, law-abiding Englishmen will have to rely on just ASBOs and harsh language to fend off the yobs.

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J. in Northern California sent us this link to articles on some huge prisoner releases caused by the state budget crisis: from a Sacramento television news station, and from a newspaper in San Francisco.

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Are you a doctor? Then this might be of interest: Towers Productions is currently looking for a doctor (a licensed M.D.) to host a new show that is in development. “Ideally, I am looking for a M.D. who enjoys traveling, has survival skills and a charismatic personality. The show will discuss basic health issues in different climates, so a well rounded knowledge of medicine and weather is great. No TV experience is necessary. The show is in development so nothing is set in stone” Contact: Becky Cattie, Casting Director Towers Productions. Phone: 312-993-1550 x 203. E-mail: becky.cattie@towersproductions.com

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Don W. mentioned this piece that might seem humorous to some SurvivalBlog readers: Urban “Homesteading” in Pasedena



Jim’s Quote of the Day:

"A gun is a tool, Marian; no better or no worse than any other tool:–an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that." – Alan Ladd as Shane – Shane, 1953. (Screenplay by A.B. Guthie, Jr. and Jack Sher)



Note from JWR:

I was just quoted again in The New York Times, by Adam Cohen: Out of Work? Read a Recession Blog. Or, Better Yet, Write One.

The high bid in the SurvivalBlog Benefit Auction is now at $1,110. This auction is for a large mixed lot, which includes::

1.) Another “be ready to barter” box of 38 full-capacity gun magazines, from my personal collection in JASBORR. This box includes: 4 – Used original East German 30 rd. steel AK-47 magazines in a “raindrop” camouflage pattern belt pouch, 12 – Excellent-to-new condition original Bundeswehr contract HK91 (G3) alloy 20 round magazines, 6 – Well-used but serviceable condition original Austrian FN-FAL steel 20 round magazines with cartridge counter holes, 10 – Used AR-15/M16 USGI (all Colt made!) alloy 20 round magazines, and 6 – Excellent to new condition original (Norwegian contract) Glock Model 17 9mm 17 round pistol magazines (early type, with “U” notch). All of these magazines are of pre-1994 manufacture (and hence legal to possess in New York.) These magazines have a combined value of approximately $700, in today’s market. Note: If you live in a state where full capacity magazines are banned, then you must choose to: refrain from bidding, or designate a recipient in an unrestricted state, or re-donate the magazines for a subsequent auction.

2.) A huge lot of DVDs, CD-ROMs and hard copy nuclear survival/self-sufficiency references (a $300+ value) donated by Richard Fleetwood of www.SurvivalCD.com

3.) A NukAlert compact radiation detector donated by at KI4U.com (a $160 retail value). 

4.) Five cases (200 pairs) of AMMEX Heatworks chemical hand warmers (a $182.50 value), courtesy of CampingSurvival.com

5.) A Brunton Solarport 4 (4.4 Watt) compact photovoltaic power panel and 6/12 VDC power adaptor set, including as USB power port. This is a $120 retail value, courtesy of Ready Made Resources.

6.) A Pelican Model 1400 waterproof case in olive drab, ideal for pistols, Starlight scopes, or communications gear. This is a $95 retail value, courtesy of Scorpion Survival.

7.) A Non-Hybrid Garden Security Collection, Garden Bean Collection, and your choice of a pint of fertile grains (Hull-less Oats, Spelt, or Winter Rye), a $50 + retail value, courtesy of Seed For Security.

Thus, this auction has a combined value in excess of $1,600. This auction ends on March 15th. Please e-mail us your bid. Your bid will be for the entire mixed lot.

Don’t forget to write your entry for Round 21 of the SurvivalBlog non-fiction writing contest. The contest prizes include:

First Prize: Two transferable Front Sight  “Gray” Four Day Training Course Certificates. This is an up to $4,000 value!
Second Prize: A three day course certificate from OnPoint Tactical. This certificate will be for the prize winner’s choice of three-day civilian courses.
Third Prize: A copy of my “Rawles Gets You Ready” preparedness course, from Arbogast Publishing

Round 21 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 will have an advantage in the judging.



Letter Re: Best Shotgun Pellet Size for Home Defense?

Sir;
I recently got a Mossberg “Mariner” [12 gauge pump action] shotgun as my main home defense type gun. What size shot should I use for home defense? (The owner of my nearby gun shop said to use #8 bird shot, since buckshot or rifle[d] slugs ‘will go though two houses.” Is that true?) Thx, – Perry Noid in St. Paul, Minnesota

JWR Replies: I’m afraid that your local gun shop owner was spouting some oft-quoted urban folklore. For some genuine, Grade-A, tested truth on this subject, see this Box ‘OTruth article.

For what it’s worth, I am still a big believer in using #4 Buckshot for home defense. To my mind, it strikes the ideal balance between penetration and likelihood of a high number of vital organ pellet hits. The standard factory 12 gauge 2-3/4″ load of #4 buckshot contains 27 pellets of .24″ diameter. That is definitely a home-invasion countermeasure!



Letter Re: The Impact of FDIC Insurance Rate Increases on Small Banks

Mr. Rawles,
We live in mostly rural northeastern Oklahoma. Our local newspaper just printed an informative editorial about FDIC changes which result in huge fee increases for member bank. Here is an excerpt from the editorial Oklahoma banks paying price for bailouts:

“Imagine paying $500 per year for your car insurance and then being told it had gone up to $4,000 even though you have been a perfect driver with no accidents, no moving violations. That’s the magnitude of premium increases local bankers are facing. The local banks I spoke to had no part in the sub-prime loan implosion and did not receive one cent from the bail out. However, they were not expecting large “assessments” in addition to huge premium increases. The first assessment, due September 30th, will likely be 4 times larger than all of the premiums each bank paid in 2008. Another assessment, half that size is anticipated before the end of 2009. To put this in perspective, a bank that paid, for example $250,000 in total for 2008 would pay nearly $500,000 per quarter this year, have an additional $1 million assessment in September, and another half million later in the year for a total of $3.5 million for 2009. So, if your bank fails, the Government takes your bank, if you operate a fiscally responsible bank, the FDIC will now take a big chunk of your bank’s money.” [signed] Bailey Dabney, Publisher, Claremore Daily Progress

– Kevin A.

JWR Replies: A recent news story makes it clear why the FDIC was forced to increases their rates: FDIC’s Bair Says Insurance Fund Could Be Insolvent This Year. (A hat tip to SurvivalBlog reader “Hin” for the link.) After the much-publicized Northern Rock bank run in England, the FDIC felt obliged to double the insurance coverage for depositors. Without that grandstanding move to set people at ease, bank runs might have started in the US. But despite increased insurance and greater scrutiny of member banks, the fundamental flaw of fractional reserve banking remains: Only a small portion of your deposits is available for withdrawal at any given time. If public confidence collapses, there will be large scale withdrawals, precipitating full-scale bank runs. Be ready, folks. If bank failures spiral out of control–and there is now a substantial risk of just that—things could get very nasty, very quickly. The “final guarantor” for the FDIC is of course the American taxpayer. Promises will be kept, even if there are huge bank runs. Helicopter Ben has plenty of paper and ink. It just may take a long time to print that many greenbacks and set things back in order. But in the short term, if there is a banking panic, depositors may have to wait six months or longer, to be reimbursed.

Keep a cash reserve at home. Maintaining up to two month’s wages, mostly in $20 bills, would be prudent–if you can afford it! But don’t just sit on a pile of greenbacks, diversify. You should also keep some liquid tangibles on hand. By tangibles, I mean pre-1965 mint date circulated “junk” 90% silver US dimes, quarters and half dollars, and perhaps a few fractional gold coins. (Buy gold coins only after you have $1,000 face vale in silver for each family member. The silver can act as your barter reserve.) Store your coins in hidden wall and door caches. You might also consider leaving a small “sacrificial” portion of your coins in your home gun vault–just in case you are forced to open your vault at gunpoint, in the unlikely event that you are caught off guard in a home invasion robbery.

DO NOT store your precious metals in a bank safe deposit box! In the event of “bank holiday”, you will not have access to your coins. I wouldn’t be surprised to see all safe deposit boxes sealed, in the event that BHO channels FDR and there is another 1933-style gold confiscation. (Presumably, the box holder’s first access following a banking holiday would only be allowed under the watchful eyes of authorities.) There are just a few private safe deposit companies that are not bank-owned, like this one in Las Vegas, Nevada. Those might be immune from the depredations of grabby politicians, but don’t count on it.



Two Letters Re: Voting With Your Feet–Comparing Economic Freedom in the 50 States

Jim:

When I read that academic study of economic freedom in the various states, and saw the summary map, it was a strong piece of “ah-ha” confirmation for me. It immediately struck me that what a close correlation there is to what you had posted two years ago in your State Rankings on places to move with the best retreat potential. [in 19 western states.] Independently, you nailed those recommendations squarely, sir. Bonus Brownie points for you! Wishing You The Lord’s Blessings, – Ted J.

JWR,
I read through the PDF that you mention in your “Voting with your feet” post . Today’s prisoners could be tomorrow’s Golden Hordes. I recently saw this in the Wall Street Journal. Prison Population of a few states. The report also noted huge discrepancies among the states in regard to the total corrections population — one of every 13 adults in Georgia and one of every 18 in Idaho at one end of the scale, one of every 88 in New Hampshire at the other extreme.” – Jonathan



Economics and Investing:

HPD flagged a sobering article from The Market Ticker: What’s Dead (Short Answer: All Of It) It is amazing seeing something like this coming from a relatively mainstream blogger like Karl Denninger: “Civil unrest will break out before the end of the year. The [active component] Military and [National] Guard will be called up to try to stop it. They won’t be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go “feral”; witness New Orleans after Katrina for how fast, and how bad, it can get.” (It sounds like Karl must have read my novel.)

Hawaiian K. flagged this piece of possibly good news: What Stimulated the Gun and Ammo Market? Prices will fall, if supply catches up to demand. The $64 Dollar question is: Will that happen before a new ban is enacted? That is anybody’s guess…

Mojopie recommended a Wired article by Felix Salmon: Recipe for Disaster: The Formula That Killed Wall Street. Mojopie’s comment: “This articulates very well how and why CDOs and CDS derivatives caused this mess our economy is in.”

Thanks to Steven L. for spotting this: Second Liens Forgiven: Are You Kidding Me? “But I can’t tell you how many homeowners I’ve interviewed who took out home equity lines to put in a pool or buy a fancy car or put an addition on the house that includes a fancy new kitchen with a Viking six-burner. And I’m supposed to pay for all that?”

Items from The Economatrix:

Roubini: US Financial System Effectively Insolvent

Citigroup Shares Tumble Below $1

GM Auditors Raise the Specter of Chapter 11 Bankruptcy

Dow Drops Another 200 on Worries Over Banks, GM

Europe’s Banks Face $2 Trillion Shortage

US Private Sector Cuts 697,000 Jobs in February

JPMorgan, Wells Fargo, BofA Face Ratings Cut

Now as the “Much Greater Depression” Progresses

Bank Woes Drain FDIC Fund

8.3 Million US Mortgages Upside Down

GM Europe: 300,000 Jobs at Risk


More US Consumers, Businesses File for Bankruptcy

As Projects Grind to a Halt, Homesites Turn to Wasteland

Critics See Understaffed, Overwhelmed Treasury

Taxpayers Have Lost Billions on Citigroup Bailout

Top Obama Officials Defend Tax Hikes as Necessary

Gold Halts its Losing Streak