Note from JWR:

If you find what you read at SurvivalBlog informative and entertaining, then please become a 10 Cent Challenge subscriber. Subscriptions are entirely voluntary but are an important part of how I earn a living. (And what keeps me from quitting the blog and going back to tech writing in the corporate world.).



Protecting Yourself From Coming Stock Market Declines

Last week, after Citigroup reported a net loss of nearly $10 billion for the quarter, the New York Stock Exchange had its biggest percentage drop for a January in 17 years. Between Monday and Friday, the DJIA dropped more than 670 points. The S&P and NASDAQ posted similar losses. This doesn’t look good. There is an old saying on Wall Street: “As goes January, so goes the rest of the year.” (And this has been borne out statistically.) My friend The Chartist Gnome is recommending that his clients get out of nearly all of their stocks–with just a few exceptions like gold and silver mining shares. I agree with him that in the coming recession the US stock market is likely to decline considerably, and possibly suffer a full-scale crash. FWIW, the Gnome says that expects to see a split sector bond rally in 2008. (With Federal bonds doing well, but municipal bonds plummeting.) Regardless, be ready for lots of instability in the financial and equities markets in 2008. As I often say, shelter hour assets in tangibles.

I often have consulting clients and SurvivalBlog readers mention that they have a good chunk of their savings “locked up” in 401(k) retirement savings plans. Most say that they cannot touch those funds without huge penalties. My advice to them is two-fold: 1.) If possible, convert your 401(k) into a gold IRA. 2.) If that is not possible, then at least direct your IRA portfolio into conservative investments. Currently, something like a Federal Bond Fund would probably be best.

Readers that hold stocks often ask me what “safe” stocks to buy and hold. My answer invariably is that there are NO safe stocks to hold in the long term.. Since we are entering an era where the viability of the dollar itself is threatened, then all investments denominated in US Dollars are at risk. Hyperinflation would wipe out any “gains” in your stock portfolio. Just ask anyone living in Zimbabwe what their “gains” have been in the past four years. When a currency is in freefall, nobody wins except a deeply-indebted government.

Gold IRAs are available through Swiss America Trading Company. I have had a gold coin IRA since 1998. Once established, these accounts are measured in an “ounce” value with a “Beginning Cost Basis” noted for when your dollars were first converted into U.S. Gold Eagles. In my case, the “GEB” (Gold Eagle Bullion) coins they put in storage for me cost $298 per ounce. The coins are physically stored by Goldstar Trust, a bonded vault company in Texas. The annual storage and administration fee recently got bumped up to $90 per year, but in my opinion that is a small price to pay for knowing that when I eventually cash out my IRA it will be in tangible form, rather than an investment vehicle denominated in dollars. I have no way of knowing how much the US Dollar will depreciate in the next 15 years, but it is pretty safe to say that gold will still have the same–or nearly the same–buying power that it does today. I strongly recommend that if you have an IRA or 401(k) account that you conduct a fund “rollover” into a Gold IRA.



Letter Re: An Approaching Tsunami for Hedge Fund and Muni Bond Insurers

Dear Mr. Rawles,
Would you buy stock in Allstate Insurance or Farmer’s Insurance if you knew a tsunami was going to hit the entire East Coast? If you had foreknowledge of such a catastrophe, you certainly wouldn’t put your money into insurance companies, because no insurance company could cover an event that huge. I believe that something analogous is what is now happening in the financial markets. Savvy investors are getting out of financial insurance companies that may be asked to cover huge losses projected to occur this year. These Wall Street companies insure pension funds, CDOs, hedge funds, and other financial instruments, including those that contain the toxic subprime mortgages and other questionable mortgages.

Insurance is the last line of defense against collapse of these giant funds. I wanted to take a look at what has been happening to this particular kind of insurance company lately. Here’s what I found:

ACA Capital Holdings Inc. (ACAH) has lost almost all its value and could be out of business within hours.

Ambac Financial Group Inc. (ABK) has dropped about 80% in value in the past month, and just today has lost its AAA credit rating.

MBIA, Inc. (MBI) dropped about 77% in value in the past month. It’s also in danger of a downgraded credit rating

Assured Guaranty Ltd. (AGO) has dropped about 37% in value in the past month.

RAM Holdings Ltd. (RAMR) has dropped about 80% in value in the past month.

MGIC Investment Corporation (MTG) has dropped about 56% in value in the past month.

Radian Group Inc. (RDN) has dropped about 56% in value in the past month.

Moneygram International, Inc. (MGI) has dropped about 74% in value in the past month.

Please note that these losses are just in the past month. Most of these companies had already lost heavily earlier in 2007. These are all the publicly traded insurance companies that I know of in this specialized market. In other words, the whole sector is quickly deteriorating. This is not being reported by the press in any coherent fashion.
These specialized insurance companies also insure municipal bonds for cities, schools, hospitals etc. If the insurance companies go broke, many funds such as retirement funds will crumble.

Minyanville just came out today with a good article on insuring financial derivatives.

The point of all this is that investors are getting out of this type of insurance because they know that the funds that have been insured are garbage and no insurance company has enough money to pay for a huge catastrophic event, any more than a home insurance company could cover a tsunami affecting the whole east coast. The insurance company would just go broke. That’s what appears to be happening. This is an earthshaking event. The lack of support by investors would seem to indicate that the funds are in far worse shape than anyone is willing to admit publicly.
These insurance companies are the last desperate hope of a failing trillion dollar market. If they can’t prop it up, nobody can. – K.L. in Alaska



Letter Re: A Reader Comments on the Mossberg 590A Riot Shotgun

Jim;
I recently purchased a Mossberg Model 590A [12 gauge] riot shotgun. They are a lot cheaper than the Remington tactical or other brands and I feel more reliable–also the opinion of many in the military
Here are the specification differences from a standard Mossberg Model 500:
– A steel receiver as opposed to aluminum alloy
– Extra thick walled heavy barrel
– Metal trigger guard versus polymer
– Metal safety [button] versus polymer
– Ghost ring sights
– All matte finish
– Has 8+1 versus 7+1 capacity

The shotgun performed as expected–flawless, digest all ammo, good handling/target acquisition,and lots of aftermarket stock options available. The only down side is Mossberg will not port these barrels–must be sent off for that upgrade to someone else,. the price is right, around $440 out the door versus. a lot more for Remington.

I like the tang-mounted safety on these, as its easier to use with out moving your hand around and good for lefties as well. The length of pull is 14.5 inches. Other stocks can be found thru Midway that are 12″-to-13″ for use with body armor [or heavy winter clothing].
In all, the 590A is a great shotgun that doesn’t malfunction. Simple but tough. – Jason



Odds ‘n Sods:

General Motors CEO says that oil has peaked. As I’ve said before, vehicles with a diversity of fuel sources is a good thing. If possible, retreats should have a variety of diesel, gasoline, E85, electric, and LP-powered vehicles, just to be ready for any eventuality. (A hat tip to Jason H. for sending the article link on the GM CEO‘s quote.) OBTW, I’m currently building up savings for a Bad Boy Buggy electric ATV to supplement our aging gas-powered utility ATV.

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Statistics from Memphis, Tennessee, show that concealed carry works: With more people carrying guns, self-defense killings on increase. (A hat tip to Bill N. for sending the link.)

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Thanks to B.R. for sending us this from Information Week: CIA Admits Cyberattacks Blacked Out Cities. As I have warned in some of my articles as far back as 1990 (“High Technology Terrorism”, Defense Electronics, January 1990, p. 74.), SCADA and successor software are huge “back doors” to nefarious acts. SCADA is used not only for power distribution but also in varying degrees for controlling dam floodgates, oil and gas pipelines (and their associated pumping/compressor stations), water distribution, wastewater collection and treatment, some industrial process controls (such as refineries), and some communication systems. This is a huge vulnerability.

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Dave in New York sent us this: Banning or Registering Privately Owned Fallout Meters in New York. This measure is just “to prevent panic”, dontcha know.





Note from JWR:

The high bid in the current SurvivalBlog Benefit Auction lot is now at $200. The auction is for a Brunton Solarport 4.4 watt photovoltaic panel (a $140 retail value), a Deluxe Outdoor Survival Tool Kit (a $70 retail value)–both kindly donated by Ready Made Resources–as well as seven other items: A copy of the latest edition of “The Encyclopedia of Country Living” by the late Carla Emery (a $32 retail value), an autographed copy of my novel “Patriots” (a $23 retail value), an autographed copy of my nonfiction book “Rawles on Retreats and Relocation” (a $25 retail value), a SurvivalBlog Key Logistics Tote Bag (a $17.50 retail value), and an autographed set of Michael Z. Williamson’s “Target: Terror” modern military fiction sniper trilogy, from Avon books: The Scope of Justice, Targets of Opportunity, and Confirmed Kill. This auction ends on February 15th. Please e-mail us your bids, in $10 increments.



Letter Re: Anti-Vehicular Barriers for Retreat Defense

Jim,
This video is rather impressive. The video description reads: “How many times have you wondered how strong those cement barriers are that you see in front of military base entrances?
From time to time someone asks what the concrete barriers are in front of controlled and secure buildings. When they are told that the barriers will stop traffic, even trucks, from approaching the secure building, they usually get a look of disbelief. In the test, the following parameters were used:

Truck weight = 65,000 pounds.
Speed at impact = 50 m.p.h.
Kinetic Energy = 5.5 Million foot-pounds.
Stopping distance = 24 inches.”

I thought that you might find this interesting. Keep of the GOOD work. Best Regards, – R.E.in Oklahoma

JWR Replies. That is indeed an impressive video. Something as simple as a three foot tall berm with a near-vertical face , or a two foot tall concrete “planter” with a vertical face can be almost as effective as the barrier shown in the video.

We live in a highly mechanized society, so in addition to intruders on foot, think in terms of how you would stop intruders that are in wheeled vehicles. Ideally, they should be stopped at a distance where they could then be engaged by rifle fire. And never forget the old military adage that any obstacle that is not in view of armed sentries is only a delay–not a real obstacle.

Stopping tracked vehicles is much more difficult, but thankfully the risk of being attacked by someone in a tracked vehicle is relatively low, and an armored tracked vehicle is even lower. Few of us have the means to construct obstacles to stop those! Depending on terrain, however, most of us can afford to erect barriers to wheeled vehicles. (Flat “plains” country is problematic.)



Three Letters Re: How to Win with Asymmetric Warfare, by Robert R.

Dear JWR,
I would like to share some links and great references from a survival lecture and slide presentation given by one of the most important (yet non-acclaimed nearly enough) contributors to our US Strategic Warfare Development by John R. Boyd, Col. USA, deceased 1997. See this PDF of a slide presentation

I had to chuckle when I read a follow up tactical criticism submitted in an article to SurvivalBlog and to the attempted re-writing and improving potential maneuverings for chapter scenario enhancements in excerpts from your revised “Patriots” novel. I so much enjoy this novel and consider it a great reference on survival tactics. I think many people are seeking printed tactical doctrine but instead are searching in printed dogma. This is the true beauty of Boyd’s, OODA and Conceptual Spiral Processes in strategic maneuvering applied in tactics–they are not static and limited only to the user’s ability to apply the processes. Your individual outcome is personalized by your individual input. I hope this information will assist us all to reach out to study and think and respond outside of the doctrine box. Even now his concepts are being adapted for use in the realms of world business applications.
Here is my analogy of OODA and Conceptual Spiral in its sublime offensive performance in survival strategic applications. As is said in [the movie] The Matrix: “There is no spoon.” – KBF

 

Hey Jim,
Let me fist say, as an outdoorsman and someone who has always felt the need to be prepared. I love your site. Tons of great info, great ideas and lots of different topics. That being said I would like to encourage you and your readers to keep things in perspective. I think we all agree that hard times are inevitable for this country and the world. We all “feel” it. But we do not know how severe, how long, how dangerous, or how chaotic the theoretical “hard times” can or even will be! I feel the need to prepare, but I pray that I never need to use it.
That being said, [Robert’s article] would have been great food for thought if it had been left at “consider going on the offensive and here are some of Sun Tzu’s thoughts”. 1 – 3 great points! But next we have some guy walking around with a suppressed pistol whacking people and shooting pre-placed sheds full of chemicals that explode.

From what I understand, you’ve written a great novel (I haven’t read yet “Patriots”) but this kind of stuff gives us a bad name. I have referred several people to this site and I pray they did not read that post. I would encourage people to be very careful when developing hypothetical situations in their heads. They have no proof that it will happen, or how bad it will be.

We need to promote preparation, protection, self-sufficiency, educate your family, squirrel away some food! Preparation means being prepared for a whole host of situations, not writing the sequel to “The Postman” movie. Thank you for my favorite site on the Internet! – Pathfinder

JWR Replies: I agree that there is a risk of letting one’s imagination run wild, or unbridled “what if” conjecture. But I also agree with Robert that flexibility and the ability to venture and out and then employ time-proven “offense is the best defense” axiom. That flexibility would be desirable in “worst case” situations where law enforcement is non-existent and your retreat might come under a lengthy siege–a situation where you are completely on your own. Granted, the chance of an extended breakdown of law and order is small, but it is impossible to rule it out.

 

Jim,
I also have read “The Art of War” and have been in battle more then once. I agree on some of what was said but there are some things that I have used as many have in times of battle 1) you should never go into a battle without four weapons A) your main battle weapon (your brain ) B) your main battle rife C) your backup weapon [typically, a handgun] D) your back-up rifle. I will further explain: no matter what else you carry into battle is your brain–outwitting your enemy is the first thing you must do. B) your main battle rifle whatever floats your boat and become good with it until its just a another limb on your body. C) You should also become as good with your first backup weapon as your primary. (B). D) depending on what my mission was I would carry [in my vehicle] a sniper’s rifle or if it was not part of the mission requirements it would be whatever the enemy was mostly carrying and 9 out of 10 times it was the AK-47. The reason we were trained to do that was because when running low on ammo you could always get it from enemy KIAs.

Now that you have mentioned Jim’s novel, in the part of the rescue traveling by night would have been smart but also a forward scout like on a trail bike or something of that nature also would have helped and is what I would have done for several reasons. One of them not putting all my eggs in one basket (as in man power ), next is the threat of ambush, and last a forward scout would have also be handy in the ambush for flanking those problems.

Now I have blogged before about “tree tuxe”s (Ghillie suits) before. Instead of wearing multi-colored BDU or digital [pattern ACUs] both in warm weather and cold weather a ghillie would work much better. In most cases is a better camo then anything else. Even if your enemy has night vision gear, you are hard to find [when in a ghillie suit]. Next, since any people cannot get [Federally registered, $200 transfer tax] suppressors [since they are banned under separate state laws] it is a little more close up but Robert did not say anything about a knife, tomahawk , axe, or even a compound bow which all with some practice are all very good silent killers. – CDR

JWR Replies: I agree with most of what CDR wrote, except that arrows are not usually silent killers. They kill by bleeding out an opponent. If you hit a man with an arrow–even in the heart–he’ll scream bloody murder until he bleeds out. (Typically one to four minutes.) The chances of getting a perfect spine shot–and instantaneous incapacitation–are very small.

As background, I should mention that I have an acquaintance that was a medic on a CIA covert operations team in the late 1970s. On one mission, against his advice, the team leader tried using a 200 pound draw weight crossbow for taking out a sentry. The sentry screamed and yelled so loudly that he woke everyone up for a long distance. So much for “covert”. A tomahawk, a short axe (such as a miner’s axe), or a even a short-handled two-pound sledge hammer to the back of the neck or base of the skull is far superior for sentry removal.

I also agree that ghillie suits are a good option, in most circumstances. Two exceptions: Very brushy terrain where they can easily get snagged, and very hot weather, when wearing a Ghillie suit could quickly turn you into a heat casualty.



Odds ‘n Sods:

The US Federal Reserve appears poised to significantly increase its purchases of Treasury securities. These purchases are called an open market operations or “repos”, and are highly inflationary, if done to excess. Since the Accord of 1951, the Federal Reserve banking cartel has been in full control of open market operations. The credit market is presently going through an unprecedented collapse, so be ready for more Fed “liquidity pumping” and hence more inflation!

  o o o

From Reuters: ‘Second Thoughts about Fluoride,’ Reports Scientific American. Yet another good reason to move to the hinterboonies.

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Desert T., Rightcoast, and KBF all recommended the upcoming History Channel documentary series titled “Life After People“. The show premieres on Monday. (January 21, 2008.)

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Reader Eric S. sent this: Wealthy may be next in line in U.S. home crisis



Jim’s Quote of the Day:

"There exists a law, not written down anywhere, but inborn in our hearts, a law which comes to us not by training or custom or reading, a law which has come to us not from theory but from practice, not by instruction but by natural intuition. I refer to the law which lays down that,if our lives are endangered by plots or violence or armed robbers or enemies, any and every method of protecting ourselves is morally right." – Marcus Tulius Cicero (106-53 B.C.)



Note from JWR:

Today we present another article for Round 14 of the SurvivalBlog non-fiction writing contest. The writer of the best non-fiction article will win a valuable four day “gray” transferable Front Sight course certificate. (Worth up to $2,000!) Second prize is a copy of my “Rawles Gets You Ready” preparedness course, generously donated by Jake Stafford of Arbogast Publishing. Round 14 ends on January 31st, so e-mail us your entry soon! Remember that articles that relate practical “how to” skills for survival will have an advantage in the judging.



How to Win with Asymmetric Warfare, by Robert R.

As preface, I would like to say that I abhor violence and believe killing should only be done when absolutely necessary, but if things in America ever deteriorate to the point of national collapse, with murderous gangs of looters, or other violent oppressive groups wandering the land, it might be worth going on the offensive instead of sitting tight and hoping for the best. Even in the most well-defended retreat, a dedicated group of aggressors has all the time in the world to devise an attack strategy that could defeat you. They could rain .50 caliber rounds on you from a mile away, or take pot shots at you any time you peek out a window or attempt to go outside, until you run out of food or ammunition, or they could set your retreat on fire.

Sometimes it is necessary to go on the offensive to erase the enemy capability to do you harm. One or two well-equipped, well-trained individuals can defeat a much larger force. Unconventional tactics must be adopted, with a guerrilla “hit and run” strategy in mind. Sun Tzu wrote the widely known “The Art of War” [which is available as a free e-book.] It is still taught in military institutions around the world. The concepts laid out all those years ago are still the same that work today.

For the sake of brevity, this is my extremely condensed version of The Art of War. (I suggest that you get a copy and study it.) These are the principles that guide my ideas in resisting an government gone crazy, foreign invasion, or terrible social disorder where all Schumer has broken loose.

1. When you avoid battle, you are invulnerable. When you partake in battle, you become vulnerable. (this ties directly with Concept 2:

2. Only choose the battles that you know you will be victorious in. Having the wisdom to avoid battles you cannot win, and knowing how to strike when you cannot lose, makes you invincible.

3. It is greater to take the enemy’s weapons, equipment, food, resources, than it is to destroy them.

Concepts explained

1. It is pretty easy to understand this concept. If you never attend the gun battle, you can never get killed in the gun battle. If you decide to show up, you risk being shot. This brings us to the next concept, which is extremely simple if you keep concept #1 in mind, but extremely complicated because…

2…there are in infinite amount of possible variables that could contribute to your tactical situation. The enemy may or may not have snipers over looking his “weak” points to pick off possible troublemakers.
The enemy may or may not have any number of tools at his disposal, from land mines, to guard dogs, thermal night vision, surveillance drones, or any assortment of lethal and unseen assets intending to capture or kill you.

This is where knowing your enemy comes into play. You have to make a study out of the enemy. When do certain activities happen? (Guard shift changes, meal time, sleep time, patrols, et cetera.)
What is left unguarded and when? What is the chain of command? Where are the communications located? What events will cause a mobilization of forces? All these questions and many more must be asked and answered. It only benefits you to know as much as possible about your adversary.

All that information helps you to decide if you can potentially make a strike against your enemy without taking losses, or by taking acceptable losses. Acceptable losses in a group of five family members may mean that only a plan that is likely to produce no losses is acceptable. But if you are taking part in a full scale guerilla war against an occupational military force, then some losses may be acceptable if certain objectives have to be met for victory on a strategic level.

Concept 2 is to only fight when you know you will win. This is done by gathering as much information as possible and putting yourself in your enemy’s shoes so you can choose when, where, and how you want to fight.

3. If possible, recover any assets from your enemy that may be of potential use. Magazines, weapons, armor, night vision, batteries, anything. This also means gathering items of possible intelligence value like; unit patches, force deployment maps, supply information, duty rosters, and chain of command information. You could even steal uniforms for possible impersonation of enemy forces in later operations. Your victory is all the sweeter if your engagement not only produces dead bad guys, but extra weapons and supplies to continue the fight and lessen the strain on your own supplies.

Make the best use of your money to allow you the most capabilities in combat.

Arm and equip yourself in a manner that allows you flexibility in tactics so you can choose to fight and win in instances that someone might normally be unable to fight at all. For example.

Example: John decides he is going to buy an M1A, a FAL, two AR15s, two Mini-14s, one Glock, one SIG pistol, one HK pistol, and a couple of revolvers. He buys 10 sets of woodland BDUs and 3 pairs of GI combat boots. He spends an additional $2,000 on all the different spare magazines that he will need for all his different guns. He spent roughly $12,000 for everything and is essentially limited to carrying one rifle and a sidearm, and being camouflaged in a woodland environment no colder than 45 degrees. The other weapons will stay at home and he can’t go out on operations during the winter months because he would freeze.

Example: Bill buys an AR-15, mounts an EOTech sight with night vision capability and an AAC suppressor, along with 500 rounds of subsonic .223 ammunition. He buys a set of decent Generation III night vision goggles. He buys a few sets of BDUs for the summer months and heavier clothing for the winter months, including cold weather boots. He also buys a .45 pistol with suppressor and pretty much all .45 ammo in the 230 grain weight is subsonic already. Last but not least, he buys a tactical vest to carry all his magazines and side arm in for easy access.

Bill spends about the same amount of money as John, yet is a much more well-rounded warrior. He can operate in just about any climate, save for extreme weather. He could sneak around at night with night vision goggles and utilize his suppressed weapons to take out any threats with barely making a sound [that could be heard more than a short distance away]. (Subsonic ammunition is essential.)

Bill could sneak into an enemy camp and quietly send potentially dozens of people off into the after life with his suppressed pistol, and walk away without anyone ever knowing he was there. John on the other hand could do no such thing. John would stumble through the darkness, possibly bump into someone, and discharge his weapon, waking up everyone within a mile.

So try to spend your money in ways that add to your capabilities. Some redundancy is good, but some flexibility is very important as well.

Be creative in your tactics Be creative in your fighting. Use outside the box thinking. For instance:
In many previous wars, weapons have been booby trapped to explode when fired. Ammunition can be loaded to explosive pressures and left for the enemy to find. Poisons quietly poured into tomorrow’s breakfast ration during the night could potentially incapacitate a large majority of the enemy force in one sitting. Creating diversions to draw attention away from your main objectives is often a good idea. Setting fires in multiple places simultaneously creates confusion and panic. You get the idea, just be creative. Use all things to your advantage!

Most people reading this blog have probably read JWR’s novel, “Patriots”: Surviving the Coming Collapse, so I will use a few examples of how things could have gone differently if the characters in the book had some other equipment on hand during some of their battles.

Somewhat early into the book, a number of vehicles try to attack the retreat but are stopped by small arms fire and are eventually killed after a gun battle with some well trained and entrenched defenders. Just to throw out an idea for additional defensive measures. Create pieces of cover for attackers to use when attempting to overtake your position. If you are over looking 200 yards of open grass, you place seemingly harmless things leading up to your position that can be used as cover. Maybe a small shed that one might think is used for storing tools.

When attacked, enemy forces will try to use this shed for cover and will take refuge behind it. Unknown to them, the shed is filled with 50 pounds of Tannerite[–a binary explosive target mixture that is legal for individual to own without any permit or license in most of the US–] and gasoline. When they get close enough to use it for cover, you shoot the shed, detonating the explosives and fuel, creating one h**l of a blast and fireball, and eliminating [or at least badly discouraging] the attackers that were hiding behind it.

Another situation the characters found themselves in was when they were driving to go rescue two of their own who hadn’t been able to make it to the retreat. On the journey they encounter a road block and one of their members is shot and killed. That night the two remaining members of the rescue team ambush the road blockers and kill them during a pretty one sided shootout.

If the rescue team had a set of night vision goggles they could have traveled completely by darkness and possibly avoided detection. Also, upon spotting the road block, one member could have approached the road block on foot with a suppressed pistol and neutralized all the threats as they slept without drawing any attention to the area with loud gun shots and without risking any team members in a shootout.

I hope that this helps everyone think more outside the box when considering their preparedness plans. Be as aggressive as possible without being reckless. Remember the basic concepts and think, move, and fight like a predator.



Letter Re: Potential for Gold Confiscation in the U.S.?

Hi Jim.
I’m pretty sure you know this but I thought i would pass it along anyway. I just went through this trying to explain some of the history of 1933 to a friend.

Presidential Executive Order 6102 (From: President of the United States Franklin Delano Roosevelt to the United States Congress, 5 April, 1933)

And yes, you are very correct that most of this is coming from coin dealers trying to sell overpriced stuff. Here is an explanation.

Here ia quote from Congressman Dr. Ron Paul on gold confiscation:
“If it gets bad enough, they’ll declare a national economic emergency. They’ll take over the banks, all business and industry. They may even try to confiscate our gold. I served on the Gold Commission for eight or nine months while I was in Congress along with fifteen other members. I brought up the subject of confiscation. The power to confiscate gold is still on the books as the law of the land. I urged the full Commission to recommend Congress repeal the power to confiscate gold in an economic emergency. We pushed it to a vote and I was the only one that voted to recommend to Congress that we never again contemplate taking the gold of the American people. The fifteen other members voted it down. The power is still there on the books, and they can do it any time they wish.”

Also read: What You Need To Know Before You Buy Numismatics. And from Gary North’s web site, read this: Gold Confiscation: How Big a Threat? by Franklin Sanders

Regards, – Dave M.