“We are in a period of price discovery. Many shares, businesses, and credits are on offer. Typically, people are reluctant to make bids until they have a clearer idea of what these things are worth. What are they worth now that we’re in a post-Bubble world? No one knows. And no one seems in a hurry to find out.” – Bill Bonner, The Daily Reckoning
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Note from JWR:
I am pleased to report that we’ve surpassed the 7 million unique visits threshold, and we now get an average of 128,200 unique visits per week. Thanks for making SurvivalBlog such a huge success. Please keep spreading the word! Keep in mind that you can send links to individual articles and letters posted in SurvivalBlog, simply by clicking on the “Permalink” text below any SurvivalBlog item. Then copy and paste that Permalink URL (from your navigation bar) into an e-mail, a forum post, a web page, or into your own blog. We also have an RSS feed available. (Just click on “Rss” in our top bar.) Many thanks!
—
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.
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Making the Transition to Country Life, by Bois d’Arc
Many readers of Survival Blog are either in the process of moving to a lightly populated area or actively planning to bugout to such an area when the balloon goes up. Twenty years ago I moved from the edge of a large city to a fairly remote property, and have been quietly setting up the doomstead and perfecting skills ever since. In the process, I became part of the fabric of country life here and have learned some valuable lessons which may benefit the rookie country dweller.
Most full-time country residents are descendents of frontiersmen who ventured into the wilderness with little more than a rifle, axe, team of horses, and a large supply of guts. Country people hold many of the same attributes as their forebears; competence, toughness, perseverance, and a willingness to help their neighbors, be it for common defense or a barn raising. Many of these traits are at odds with modern city life supported by a specialized full-time job. Your transition to country life will be smoother if you consider the following:
Country People are Closet Doomers:
They can do lots of useful things such as shoe a horse, grow corn, weld, back a trailer, milk a goat, make tamales, catch a wild cow, troubleshoot an electrical problem, can a tomato, and shoot lights out. And that’s just the women.
People here are armed every day as a matter of course. Most have been shooting all of their lives, so the level of firearms proficiency is way above average. I see lots of casual ARs and scoped bolt actions, so if my neighbors and acquaintances are any barometer, potential rampaging MZBs are in for some exceedingly tough sledding.
On a related note, there are a few bad apples in the country, but most tend to migrate to the anonymity of the cities. The outlaws who remain are generally well known to both law enforcement and the population at large, and are easy enough to avoid once you plug into the local grapevine.
Be Scrupulously Honest:
Country people don’t care that much what you think or how you wear your hair as long as they can trust you. Lie or stiff a merchant one time and in 45 minutes everyone in the county will know it, guaranteed.
On the flip side, if you’ve been given too much change or an error is made in your favor with a bank deposit or charge purchase at a merchant, politely point out the mistake and insist on paying the correct amount. While such a gesture will usually be met with stunned disbelief in a large city, in the country it will be acknowledged with a nod and sincere appreciation. And never doubt for an instant that the country grapevine will work in your favor as the word spreads.
When I first moved here, I was able to open an account with any business in town simply by asking if I could charge a purchase. No references, no questions, no credit check, just an address so they could send a statement at the end of the month. Such an accommodating policy would most certainly not have been the case had I been late in paying those first bills.
Money is Overrated:
Country people never forget a kindness; they also rarely forget a transgression against good manners or honesty. The most valuable commerce in the country is not conducted in dollars but in trading, gifts, being owed a favor, and goodwill.
Become Part of the Community:
Self-sufficiency is a worthy goal, but in truth perhaps the most useful survival skill is contributing to a community which has a stake in your well being. To my mind, being able to call upon neighbors for specialized assistance or trade is just as important as beans, bullets, and Band-Aids.
Schools and churches are the glue which binds a country community. If you have children in local schools or choose to attend church, tapping into country networks will be greatly accelerated.
Also, small communities run largely on volunteers, so consider volunteering at the library, as a fireman, at sports fund raisers, community cleanup, or meals on wheels. JWR Adds: If you homeschool your kids, be sure to join the local homeschooling “co-op” group. You will be sure to meet the preparedness-minded folks in your community.
The Country is a Time Warp:
Time passes slower here, as it’s based more on the seasons than on a clock.
Fight the city urge to hurry everywhere. Tasks are completed when time, required supplies, and any needed help are available, and not on an arbitrary schedule. Parts are generally not readily available as they are in a city, you might have to order a particular part and wait days or weeks for it to arrive, and perhaps have to improvise in the meantime.
The two main time-related lessons you’ll learn is that weather can throw a kink into any plan, and maintaining household water supply trumps almost every other concern. You’ll soon adopt a mañana attitude about most other projects, as there is always plenty more to be done while waiting for specific parts or supplies.
Slow down enough to take time to talk about the weather, trade recipes, talk gardening, help a neighbor with a project, and to watch a sunset.
Seek Out Those with Useful Skills Now:
Country life requires a generalist rather than a specialist, so trading your particular skills – whether carpentry, electrical expertise, or knowing what’s wrong with a row of beans – with neighbors in exchange for their skills just makes sense. In fact, there is even a term here, “neighboring”, which refers to a group effort of working each landowner’s livestock in turn without hiring outside help.
I have also become acquainted with various people who have huge gardens or dairy goats or sheep or hogs or teams of horses and mules or a small band saw mill for making lumber. Such people often don’t advertise and they may be hard to find, but the search is potentially of huge benefit to the astute survivalist.
As an example, there is a man here who has an old steam-powered grain mill. Another has a tiny combine for harvesting wheat and oats in the scattered small plots where it is grown in this area. Up until now, I haven’t used their unique services, but still make it a point to give these men a quart of honey from our hives every summer.
You will choose to help many of these people in time of trouble, just as they will choose to help you, but in the meantime always exercise OPSEC about your underlying motivations and preps. Country people have a wide independent streak so your desire to be more self-sufficient will never seem out of place.
Country People are Provincial:
But largely by choice, which doesn’t mean they are stupid or uninformed. The vast majority are Internet savvy and many are exceptionally well-traveled and well-read. More than a few have made the decision to leave a lucrative city existence in exchange for country life. The level of overall awareness is high, so you’ll hear more commonsense over a cup of coffee than you’ll ever hear from Washington.
A few recent quotes I’ve heard regarding our current economic meltdown:
“I was going to sell all of my calves last fall but held back four in case my freezers start to look empty.”
“We’re breaking some new garden ground this spring, going to plant a lot more potatoes than we usually do.”
“I bought two more cases of .223 ammo, just in case the rabbits go on the warpath.” Listen and learn.
Never Underestimate the Amount of Work Involved:
Few farms or ranches here are entirely self-supporting, with one or both spouses usually working a “regular” job. The pay scale is considerably lower than in a city, so often people work two or even three jobs in order to live well. This is in addition to farming and working livestock on their own places. People work hard, and that’s in relatively good times.
If this economy continues to unravel, more subsistence-level farming and ranching may well become the norm, and that’s when the work really begins. Growing and processing most or all of your own food requires a tremendous amount of labor and expertise, with constant effort from everyone involved. Have no illusions about some idyllic country life of sitting on the porch all day, chewing on a grass stem while contemplating the vista. The trick for making subsistence agriculture work is for everyone to always be doing something constructive, whether it’s hoeing weeds in the garden, building a chicken coop, shelling beans, cleaning a firearm, playing with a toddler, or rereading one of your how-to books.
With that said, no family or survival group can possibly be competent at all of the skills required. This is when being on good terms with neighbors becomes essential; give them half of a fresh beef now for the cheese they can provide later on; the pickles you made are a fair trade for his baskets of peaches; your stash of supplies may well allow you to trade for a rooster and five hens (along with some expert advice on getting started); if you can provide the diesel, your neighbor might plow your garden plot after your tractor has thrown a rod. – Bois d’Arc
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Letter Re: Navigating by the Stars
Jim,
I’ve recently been brushing up on some skills; one of them was navigating by the stars. If you’re not sure what you’re looking at it can be difficult to test yourself, I found a web site that is very useful for double checking your knowledge. – Edward K.
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A Know-Nothing Gun Buyer Illustrates a Fatally-Flawed Approach to Preparedness
Introductory Note from JWR: The following was posted at the Mike’s Madhouse forum, one of the Baen’s Bar Forums. (This is the forum moderated by SurvivalBlog’s Editor at Large, Michael Z. Williamson.) It illustrates how incredibly naive some newbie gun owners can be. It also underscores a couple of my oft-repeated mantras: Survival is not about gadgets. It is about skills. And, tools without training are almost useless. Owning a gun doesn’t make someone a “shooter” any more than owning a surfboard makes someone a surfer. Reading this letter made me laugh hysterically, but it also made me sad to think that for each “rescued’ newbie that is successfully mentored by a skilled shooter, there are probably one or two others that remain blissfully ignorant. Even worse, some of these latter-day gun owners might think that merely buying several thousand dollars worth of guns and paraphernalia has somehow made them “prepared.” Here is the post:
“This last week I had a conversation with a associate at work. First let me tell you about him, he’s a little liberal and by that I am saying someone who is left of Obama. He starts up the conversation with “you know about guns right, could you teach me how to shoot my guns,” at this point I am speechless, I mean this person is about the most liberal person I know. First I have to pick up my jaw and my hamster fell out of his wheel is laying on its back doing the kick’en chicken. Flabbergasted that I am I ask what type he owns and he tells me that they are “those M16 machine guns and a 45 cal automatic.”
Having known him for about six years and he is a friend (we agreed to not talk about politics and religion years ago) I asked, “What does your wife think about the guns?” He answered: “Oh she knows we bought two of each” (Jaw on floor, Hamster now in critical condition), you have to know his wife more to the left than him, and the last time she visited [my home] I had to swear that all the guns were locked up so the children were safe.
The first thing I ask, do you have a gun safe, answer: “No and don’t worry we haven’t bought bullets yet.” I tell him sure, I will walk through weapon safety and will teach him to shoot. By the way where did you buy the weapons? His answer: The local local “sporting warehouse” . I told him to bring the weapons Friday and I will go over range and weapon safety, and we’ll go to the range on Saturday (today).
On Friday afternoon he brings the weapons and accessories over. Now I won’t say the salesman saw them coming but, he sold him: two Pelican rifle cases with locks,two Blackhawk drag bags, two Pelican pistol cases. The “M16 machine guns” turned out to be a pair of S&W M&P PSX [semi-auto only M4 clone rifles] each with a Trijicon ACOG and with a green laser and forward pistol grip with flashlight and with bipod and only one magazine [for each emphasis Mike’s] about the only missing accessory is the latté maker (a whole ‘nother story)
Now I have seen decked out M4s before but this was ridiculous. With all [items] mounted weight about 15 lbs unloaded. The .45 turned out to be a Kimber SIS with 2 magazines and a shoulder holster and a belt holster with a gun belt, magazine holder. Now he isn’t hurting for money but this is taking him to the cleaners. So first thing I start taking off cr*p, laser goes, pistol grip with flashlight goes, I start to take off the Trijicon but did you know that the M&P does not come with iron sights?
I had to ask [facetiously] why they didn’t get a laser for the Kimber. His answer “It’s on order.”
Next, I put all the excess stuff in the handy Pelican box and walk through weapon safety. If you notice there were no eye or ear protection, cleaning kits [included] with all this gear [that he was sold].
First thing, I show them how to disassemble and clean the M4 and Kimber. I decided that we would start with the pistol and that I would bring a 22 for them to start with. The range went well we started with the targets at 5m then to 7m, 10m and so forth.it went flawlessly. No great groups but at least they were hitting the targets. We shot about 500 rounds of . 22 and ended with 200 rounds of .45.
They had fun and [I helped to create] another [enthusiastic] gun owner. I got them to start using a my favorite gun shop for their future purchases. (She liked my SIG P226 and wants one now).
We stopped at the warehouse [store] and returned some of the excess equipment, about $1,500 worth. I told them to practice the basics, and then if they wanted to they could get other accessories. I will be taking them to a different range tomorrow for the M4. Wish me luck. Now, if I could only revive my hamster!”
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Economics and Investing:
Steven L. sent this bit of good economic news: Cabela’s shares surge on gun sales
Eric S. sent this snippet from Bloomberg : “Gold is likely to more than quadruple from the current level of $986 per ounce currently to $3,500 in 2010, he said.”
Reader “Jericho Jo” flagged this article from New Zealand: European chiefs propose global rules (for world economies). A quote: “Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy.”I see the US as wary of giving away powers of oversight and regulation,” said Robert Brusca of Fact And Opinion Economics in New York.”
HPD set this item from Bloomberg: AIG Seeks More Aid, May Lose $60 Billion, CNBC Says (Apparently the $150 billion in taxpayer dollars already spent wasn’t enough…)
Items from The Economatrix:
Full Text of the Treasury Statement on Banks
UK: Top Economist Calls for 5-6% Inflation to Help Ease Crisis JWR’s comment: Sure! We’ll get 5% inflation, and then 50% inflation, and then…
Gold Hits Record Against Euro on Fear of Zimbabwean-style Response to Bank Crisis
US Cannot Go Back to Old Ways, Top Economist Says “Fixing the banks is not really the key to unlocking the demand side.”
Financial Job Losses Accelerating Says UN Agency ” …the combined New York metropolitan area expected to lose up to 100,000 financial services jobs…”
EU Leaders Back Sweeping Financial Regulations Any bets on whether or not private banking privacy will suffer, in the process?
US Gasoline Prices Edge Up to $1.94
Bernanke: Recession May End this Year; Stocks Climb JWR’s Comment: And tortoises may learn to fly later in 2009, as well!
Consumer Confidence Plunges to New Low In February
Home Prices Post Highest Annual Decline in 4Q
World’s Economies Tumbling Like Dominoes
Food for Thought (The Mogambo Guru)
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Odds ‘n Sods:
Thanks to Bryce L. for sending this: Expert: Climate Change Could Mean ‘Extended World War’. There is a huge divergence of opinion on this issue. But consider that even if there is no climate change, government over-reaction or misdirected “solutions” could cause some serious problems.
o o o
This is one of those risks’ that I was warning about: Arkansas Times Publishes List of Arkansas State Concealed Carry Holders. (A hat tip to Scotty and Stacie in Arkansas for the link.)
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Pete in Florida sent the link to this piece by Glenn Beck; We Surround Them – The Unveiling
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Reader GRB mentioned that Cansolidators and Harvest canned food FIFO storage systems (recently reviewed by SurvivalBlog’s Editor at Large, Mike Williamson) are available at a discount at Costco online.
Jim’s Quote of the Day:
"He that suffers his life to be taken from him by one that hath no authority for that purpose, when he might preserve it by defense, incurs the Guilt of self murder since God hath enjoined him to seek the continuance of his life, and Nature itself teaches every creature to defend itself." – From a 1747 sermon given in Philadelphia, as quoted by C. Asbury in The Right to Keep and Bear Arms in America: The Origins and Application of the Second Amendment to the Constitution, (an unpublished doctoral thesis in history, available at University of Michigan Graduate Library), pp. 39-40
Product Review: Shelf Reliance Cansolidator – Addendum, by Michael Z. Williamson
After my successful test of ShelfReliance’s Cansolidator, I acquired their full-size Harvest system that holds up to 600 cans. The Harvest comes in two cartons, a tall heavy one with the metal structure, and a big, double-walled carton with the can racks. The instructions are included, and quite straightforward. One or two pictures weren’t as clear as they could be, but a look at the components straightened everything out.
While I was able to put the system together myself, I’d recommend have a second person to assist. It’s not particularly complicated, just large. The steel frame slots together with keyhole fasteners, and they’re quite snug. I used a rubber mallet to get them together. This is a good thing, in my opinion; it means it won’t come apart easily. The tracks are thick, rigid plastic. You’ll want to ensure you have plenty of space to assemble this beast: it takes access from at least two sides to get the racks locked in, lined up and properly spaced, and I recommend the caster upgrade–Once it’s in filled and in place, it is not going to move otherwise.
This system is well-designed. It takes most standard sizes of can, small, medium and #10, and can be customized to take various proportions of them. It adjusts for cans as short as tuna cans, and for the tall ready-to-serve size soup cans. It takes standard peanut butter and condiment jars, too. I would recommend a padded underlayer if you plan to store glass jars, just in case. Each rack holds about 15 standard cans (the larger racks being proportionally deeper), but I was able to bump the rear cans on the feed rail, and double stack a couple of extras. The tracks are very
strong.
Included is a set of magnetic labels for most common canned products, plus some blanks for making your own, plus some specialty ones for canned long term food (shelf life up to 30 years) that Shelf Reliance sells. (I haven’t tried these yet, but their prices are quite reasonable and competitive and their quality so far in my tests is excellent.) This, and the open design makes it very easy to find what you need, and keep track of the amount on hand. First In, First Out (FIFO) means all you have to do is see what’s low, buy more and feed it in from the front.
Pluses:
Well-designed, modular, adjustable for most cans and several other containers, sturdy, compact, easy to use, easy to assemble, fairly clear documentation, made in America, half the price of some competing systems. Shelfreliance is happy to customize parts for you if you want to store more #10-size cans, or more standard cans, or fit the unit into a narrower or shallower space. They also sell component pieces individually for expansion, and have “scratch and dent” sales for those on a budget.
Minuses:
No actual negatives so far. Just be aware that it takes a while (a couple of hours) to put together just because it’s so large–there are 31 racks on the standard model. You really should buy the casters if
you ever plan to move it. – Michael Z. Williamson
Letter Re: Christianity and Self-Defense
Mr. Rawles,
First of all, thank for providing the incredible resource of Survivalblog. I have only been a reader for a few months, but it has been an eye-opening experience. I was raised in a conservative, Christian home and my father was only a “casual” gun owner. At first, when reading the opinions on your blog, I was skeptical about owning firearms. I had never owned a gun in my life and only shot one a couple times. In actuality, I had never really thought too much about guns. However, after reading your reconciliation of Christianity and self-defense and my own study of the Scriptures, I determined that preparing to defend myself and my family is the right thing to do. I recently purchased my first gun, a 12-gauge Remington 870 Express Synthetic 18″ [barrel] shotgun, at a local gun show. I also attended the two-day shotgun course at Front Sight in January. I now feel fairly confident in the handling and defensive use of my shotgun.
I was hoping to get your opinion on something that still bothers me, however. While I now believe it is prudent to provide for my own self-defense, I have to wonder if there is a danger of putting more faith in guns than in God? For example, see the following:
Psalms 20:7-8: “Some trust in chariots, and some in horses: but we will remember the name of the Lord our God. They are brought down and fallen: but we are risen, and stand upright.”
Psalms 44:5-7: “Through thee will we push down our enemies: through thy name will we tread them under that rise up against us. For I will not trust in my bow, neither shall my sword save me. But thou hast saved us from our enemies, and hast put them to shame that hated us.”
Isaiah 2:22: “Cease ye from man, whose breath is in his nostrils: for wherein is he to be accounted of?”
Your blog seems to discuss guns, body armor, and hardened defensive structures pretty extensively. Is this something you have considered before? What do you think is the correct balance between guns and God? At what point does someone cross the line where they begin to put all their faith and trust in their guns and their own preparations? How do us Christian and otherwise religious Survivalblog readers avoid crossing that line? Thanks again! – DR
JWR Replies: Thanks for re-opening this topic. First, you mentioned Psalm 20,. It noteworthy that this psalm was an admonition to Israel’s kings to not raise too large an army rather than saying the nation should not have an army to defend itself. (That psalm ties it to several other verses that warn against “multiplying chariots”.)
Certainly, there must be a balance struck when preparing. It is foolish to trust just in just your own preparations. We need to trust in God’s providence and his protection for his Covenant people. But at the same time we need to heed the prodding of the Holy Spirit to prepare for our family’s safety, housing, nourishment, and security.
Trust in God is a wonderful and crucial aspect of preparedness (it is to me!) but we should not expect manna to fall from heaven, nor walls of flame to spring up between us and those that would do us harm. Some Mennonites, for example, eschew all means self defense and decry even the willingness to defend oneself or one’s loved ones. That, in my opinion is taking “turning the other cheek” (Luke 6:29) to an extreme that is not scripturally founded.
Exodus 22:2 provides Biblical justification for killing someone if he intends to forcibly rob or kill another man: ” If a thief be found breaking up, and be smitten that he die, [there shall] no blood [be shed] for him.” Exodus 22:2 (KJV)
And Jesus teaches that it is wise to be armed, in Luke 22:35-36 (KJV): “And he said unto them, When I sent you without purse, and scrip, and shoes, lacked ye any thing? And they said, Nothing.
Then said he unto them, But now, he that hath a purse, let him take [it], and likewise [his] scrip: and he that hath no sword, let him sell his garment, and buy one.”
In an article titled: What Does The Bible Say About Gun Control? Larry Pratt keenly observed the difference between self-defense and vengeance:
Resisting an attack is not to be confused with taking vengeance which is the exclusive domain of God (Rom. 12:19). This has been delegated to the civil magistrate, who, as we read in Romans 13:4, “. . . is God’s minister to you for good. But if you do evil, be afraid; for he does not bear the sword in vain; for he is God’s minister, an avenger to execute wrath on him who practices evil.”
Private vengeance means one would stalk down a criminal after one’s life is no longer in danger as opposed to defending oneself during an attack. It is this very point that has been confused by Christian pacifists who would take the passage in the Sermon on the Mount about turning the other cheek (which prohibits private vengeance) into a command to falter before the wicked.
Let us consider also that the Sixth Commandment tells us: “Thou shall not murder.” In the chapters following, God gave to Moses many of the situations which require a death penalty. God clearly has not told us never to kill. He has told us not to murder, which means we are not to take an innocent life. Consider also that the civil magistrate is to be a terror to those who practice evil. This passage does not in any way imply that the role of law enforcement is to prevent crimes or to protect individuals from criminals. The magistrate is a minister to serve as “an avenger to execute wrath on him who practices evil” (Rom. 13:4).
Jesus taught both to turn the other cheek and to be well-armed to defend oneself. The important factor is having the wisdom to know when to employ either approach depending on the circumstances. I pray, for wisdom, discernment, and discretion, daily. I don’t seek out trouble, and in fact I have moved my family to a remote, lightly populated region in good part to avoid trouble. But if unavoidable trouble comes my way, I want to have the option of resisting force with force. And I only have that option if I am armed and trained.
Some critics of armed preparedness cite Matthew 26:52-54 (KJV), which descries how Jesus responded when Peter cut off the ear of a high priest’s servant, using a sword: “Then said Jesus unto him, Put up again thy sword into his place: for all they that take the sword shall perish with the sword. Thinkest thou that I cannot now pray to my Father, and he shall presently give me more than twelve legions of angels? But how then shall the scriptures be fulfilled, that thus it must be?”
In context, Jesus is telling Peter that it would be suicidal to fight in that particular situation, since they were quite outnumbered. And of course Jesus knew it was in God’s plan for him to be arrested, tried, crucified, and resurrected. Jesus told Peter to put his sword in its place –which was back in his belt. Jesus was telling Peter in effect that “there is a time to fight, and this, my friend, isn’t it.” He didn’t command him to “throw that sword away”, or “surrender it”, or to “stop carrying it”. After all, according to Luke, Jesus had just recently ordered the disciples to arm themselves. The reason for the arms was obviously to protect their own lives when traveling–not to protect His own life, which He intended to sacrifice, to pay for our sins, once and for all.
The Old testament teaches both to be armed, and to be trained. We read in Psalm 144:1:
Blessed [be] the LORD my strength,
which teacheth my hands to war,
[and] my fingers to fight:
Yes, as Christians our battles are mainly spiritual, but we must also be prepared to defend our lives, and the lives of our loved ones, against evildoers.
Letter Re: A Source for Potable Water Storage Tanks
Jim,
I enjoy your blog. Recently a few friends and I started to look for potable water storage tanks for long term storage. Most tanks either were not designed for long term storage or the retailer does not have enough information. (Ever since the bottled water cancer scare, the composition of the plastic has taken on a new importance.)
Wanted to pass on to you a link to WaterTanks.com, a company that has really been great leading us through the process and willing to sell us 1 or 100 tanks. Our sales rep is James Opferman.
We are going to pick up the tanks ourselves and save on the sizable shipping costs. I thought your audience might be interested. They also have a cool rain barrel configured with a nice strainer on the top. Keeps out the roof debris and bugs.
I’m off, to read more of your site. – Jerry A
Economics and Investing:
Tamara over at the Books, Bikes. & Boomsticks blog mentioned Rick Santelli’s “rant of the year”, amidst cheers from the Chicago Merc trading pits.
Stock market slump: Major stock market indexes fall to 1997 levels. Hmmm, let’s see, now adjusting for infaltion,…
G.G. sent this: Foreigners Wary of Long-Term U.S. Securities. JWR’s comment: How long will it be before foreign investors start demanding higher rates of return.? Stagflation is coming, folks!
I spotted this Wall Street Journal article linked at The Drudge Report: ‘Nationalize’ the Banks, Dr. Doom says a takeover and resale is the market-friendly solution.
Several readers sent this article from The Guardian: Britain faces summer of rage – police, Middle-class anger at economic crisis could erupt into violence on streets
Reader “Jericho Jo” set us this: The noose around U.S. banks’ neck: the unknown. A quote: “Even prominent members of Congress, including Senate banking committee chairman Chris Dodd, acknowledge a seizure of one or more banks may eventually be necessary. The industry, already fighting for its survival, is now also fighting for its independence.”
Items from The Economatrix:
Soros Sees No Bottom in World Financial Collapse
Martin Weiss: Red Alert–Meltdown Imminent!
Greenspan: “Recession” Will be Worst Since 1930s
Fears For BofA and Citi Rattles Markets
This Financial Crisis is Now Truly Global
United They Fall: Post-Communist States Pull EU Into Red
US Seeks to Stem Nationalization Fears
April Gold Futures Settle Above $1,000
The More They Do the Worse it Gets
US Debt is Losing its Appeal in China
World Financial System Insolvent
IMF Emergency Fund Doubled to $500 Billion
Economic Crisis “Is as Bad as They Come”
Huge Protest Over Irish Economy
Financial Foxes Guarding the Hen House
Miles of Idled Box Cars Leave Towns Singing the Freight-Train Blues
Odds ‘n Sods:
Heather flagged this for us: Sole revival for cobblers. Heather asks: “Perhaps this is a good Depression-proof trade to learn?”
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Reader “67” pointed me to HowAutoWork.com, a a site for learning the concepts and terminology of engines and motor vehicles. Knowing how a machine works is crucial to understanding repairs and maintenance. The site has detailed, informative, easy-to-grasp information. I’m bookmarking it for “curriculum enrichment” for my home-schooled kids. This sub-page on engine types is a good starting point.
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Several readers sent us thi from Glenn Beck’s site: The Survivors Club Quiz
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Brian F. sent this news article from Alaska: If you’re packing, flaunt it, group says
Jim’s Quote of the Day:
Wir versaufen unser Oma ihr klein Hauschen,
Ihr klein Hauschen,
Wir versaufen unser Oma ihr klein Hauschen,
Und die erste und die zweite Hypothek!
– Popular drinking song in the Weimar Republic of Germany, 1922 referring to the runaway inflation of the period
Loosely translated:
We are drinking up our granny’s little house,
Her little house,
We are drinking up our granny’s little house,
And the first and second mortgage!
Note from JWR:
Please keep spreading the word! Putting a link to SurvivalBlog.com in your web page or in your e-mail footer will mean that there’ll be thousands of new SurvivalBlog readers, and more importantly thousands of people that will be prepared in the coming hard times. Consider that each of your friends, neighbors, and relatives that get prepared will be one less person that comes begging on your doorstep, on TEOTWAWKI+1, so it is in your own best interest to wake people up.