Odds ‘n Sods:

From The International Herald Tribune, via our friends at SHTF Daily: Dollar hits bottom, and then falls again

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Dave Duffy, the editor of Backwoods Home magazine (one of our favorites) offers some very useful Recommendations for Handling/Storage of Specific Fruits and Vegetables:in his latest e-newsletter. If you don’t already have a subscription to the magazine, then I highly recommend it.

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“The Fox” sent us a link to a CNN video clip with more about Zimbabwe’s black market and hyperinflation

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Frequent contributor RBS recommended this eye-opening primer from Financial Sense on the ravages of “low inflation.”



Jim’s Quote of the Day:

"It is not the responsibility of the Federal Reserve — nor would it be appropriate — to protect lenders and investors from the consequences of their financial decisions." – Federal Reserve Chairman Ben Bernanke, speaking at the Jackson Hole Federal Reserve conference, August 31, 2007. (Just 25 days before doing exactly that–by lowering interest rates by 50 Basis Points, to the advantage of banking lenders and equities investors, and at the expense of the value of the US Dollar in foreign exchange, and to the detriment of all holders of US dollars.)



Note from JWR:

My special thanks to the anonymous SurvivalBlog reader that recently made his 10 Cent Challenge subscription donation in the form of pre-1964 silver dimes. (He sent us a small box containing 365 silver dimes.) Considering that US 90% silver coinage is now worth nearly 10.3 times its face value, that was very kind of him. Many thanks!



Letter Re: New Scanner Technology — An Emerging Threat to Retreat COMSEC

Jim:
I was not aware of this until last weekend. I visited a friend of mine who lives up in the hills. I brought with me a [older] handheld 2 Meter radio that I got for free when I bought a Kenwood 50 watt [2 Meter Band] mobile radio. Anyway, this handehld has crystals in it. It works excellent and can be used ether simplex or to bring up major repeaters. I did not know that or what frequencies it had.

Now for the story. My friend showed me a new type of handheld scanner from Radio Shack. It has a button called “Signal Stalker.” What this does is find a local strong transmission. It was able to identify all the frequencies in my 2 meter radio; I keyed up just briefly and it found them all. I mention this because hoodlums could use just such a scanner to find someone at their retreat property. Few [recently produced] scanners [in the US] cover 225-300 MHz and it would be difficult to modify one to do so. I like to operate on the 220 MHz ham band where just a few scanner models can listen–and of course other hams with 220 gear. Just thought you should know about this new type of scanner with the “Signal Stalker” feature. – Fred The Valmet-meister

JWR Replies: Thanks for mentioning that. I have long been an advocate of using field telephones and relatively low power handheld for most retreat communications. Why unnecessarily blast out 40 to 50 watts with a 2 meter rig, when a few watts with a MURS radio will suffice? Save the higher power transmitters for longer range communication, and then use them only when needed.



Letter Re: Hawaii-Specific Disaster Preparations

Jim,

Greetings from another SurvivalBlog newbie. I discovered your site back in the spring of this year and all I could say then was “Wow! I think I’ve found a home!” I’ve been lurking here ever since. I’d been wandering in the wilderness of flame-filled newsgroups and not-quite-filling-enough survival/self-reliance publications since the days of “Survival Tomorrow”, nearly thirty years ago. Back then, I mostly spent time just collecting information on various survival topics while making only small, half-hearted preparations. At last, here is a site that has revived my slumbering interest in the disaster preparedness movement and inspired my wife my son and me to undertake concrete measures to improve our family’s Readiness Quotient (RQ) if you will. One of the first things I did was to send off a check for a 10 Cent Challenge membership (That’s right, the check is in the “snail mail”: No kidding.)

As a bit of background, I’m ex-Air Force and my wife is former Navy; we have one grown son. Like “SF” and “Hawaiian K”, I’m a resident of the islands (Oahu.) I’ve been here going on 40 years now, which makes me an old-timer or “Kamaaina.” My wife was born and raised here. However, our family’s situation may differ somewhat from those of the above-mentioned islanders in that we live in a townhouse development and, therefore, have limitations on what we can do in the way of emergency preparedness. (Correct me, if I’m wrong, gentlemen.) Nonetheless, we’ve not been idle.

A couple of months ago, we began our food storage program with an “extremely productive” visit to the local Costco. Our one mistake was that we loaded up on a large amount of, subsequently recalled, chili and sauce items which we must now replace. We also laid in a substantial supply of bottled water, and we also have several 6 gallon plastic water containers that were purchased several years ago, which can be filled in an emergency and stored in an available closet (they’ve come in handy during several past power outages and at least one hurricane.) We’ll continue to add to our stocks, buying a little more than we use each time we go grocery shopping. We also intend to purchase the food storage planning software you mentioned, in an earlier post. Then, we can computerize the associated record-keeping (with hardcopy backup…of course!)

Now, having food supplies is one thing; but, one also needs a way of cooking without electricity if necessary. For that, we have available that great Hawaiian standby, the outdoor grill. Currently, we rely on a large propane powered model with two tanks of fuel, but will soon back it up with a smaller, charcoal fueled grill or “Hibachi” for lesser cooking duties and to act as a substitute if propane becomes scarce or unavailable.

Our emergency lighting needs are handled with a Coleman propane lantern and several bottles of fuel, as well as several sizes of battery-powered flashlights and a more than adequate supply of batteries of all sizes. In the future, we will be reducing both the types and quantity of conventional batteries on hand and adding more rechargeables, along with both AC & solar chargers to keep them ready to go. I’ve also been checking into various types of indoor & outdoor emergency lighting, but, again, options are limited due to townhouse association rules.

Family survival transport consists of two late model SUVs for the wife and me. We’re evaluating obtaining/storing backup electronic modules for both vehicles as the conversion to an older points/condenser style ignition system is not a practical or affordable option for us. Supplemental cargo capacity is available via our son’s 1990s-vintage mid-size pickup. If the need to “bug out” arises, we’ll be able to reach relatives elsewhere on this island, or (now that a practical inter-island passenger and vehicle ferry system is about to begin operation) more remote areas of the “neighbor islands” – given enough advance warning. I hold a private pilot’s license; however, I’m not sure how much use that would be in a rapidly developing emergency situation. You can’t haul many persons and their bug-out gear in a Cessna 172, at least not if you want to go very far.

Our weakest area, at the moment, is in the realm of first-aid and medical supplies and training. I’d like to take a beginning first-aid and CPR course from our local Red Cross chapter, but considering their schedule of course offerings and my work situation, it’s going to require quite a bit of juggling; but, later in September or October looks like a good bet. Right now, we have only a few band-aids and some OTC medications on hand to deal with minor cuts and scrapes encountered around the house. Also, we need to acquire our basic health and medical library. I took a medical terminology course, but that was over twenty years ago and I haven’t had to use it in the last five years.

Speaking of libraries, our survival library is small, but growing; and, includes books by Joel Skousen, Gene Gerue (“How to Find Your Ideal Country Home”), and Ragnar Benson. We also have Internet access to several other survival and self-reliance related web-sites in addition to SurvivalBlog.com.

Home defense is one area of preparation we’re currently beefing up. We have one AR-15 rifle (one of those “mouse guns” you’re not fond of) and one .40 cal. S&W pistol with a couple of hundred rounds for each. Next up is a reliable pump-action shotgun; right now, I’m leaning toward a Remington 870. Planned additions include either an M1A or FN[-FAL]-type MBR. However, the cost of acquiring enough arms and ammo to equip each family member means that this aspect of our preparations will proceed at a slower pace.

Communications: Presently, that consists of FRS units for each family member; a CB base station – able to operate on either AC or 13.8 volt [DC] battery power – and one mobile [CB] unit in my SUV. Beside the usual emergency AM/FM/SW portable radio, we also have a trunking UHF/VHF scanner and a weather monitor with National Weather Radio/Specific Area Message Encoding (NWR/SAME) capability. All of these units have battery backup power. Our CB coverage is limited by the necessity of utilizing a low-profile base station antenna. (Again, due to townhouse association rules.) I obtained my Novice class Amateur radio license years ago, but never used it. That’s about to change as I will be upgrading to Technician and then General class within the next few months.

We are now seriously pursuing debt reduction. I will be eligible to retire from my present work as a civilian contractor for the Army in about three years. My wife also has 20 + years in Civil Service with the military. For my part, I’m not waiting for retirement, but have been preparing my resume and following job leads in addition to researching some ideas for a home-based business. Once the means of providing an income are more clearly defined, we hope to sell our Hawaii residence and relocate (as you’ve advised) to a more suitable area in the western mainland. I grew up a city kid, but with close family ties and much youthful experience in the Michigan countryside; I’m no stranger to farm life, though it has been a long time since I had to rise before dawn. My wife has a “passing” acquaintance with hard work as well, having helped to raise four younger siblings in a family of six while going to school and working in the pineapple cannery.

So, what would you say of our efforts up to this point, and what advice would you offer for the future; particularly with regards to our plans for relocation? I really enjoy my daily blog visits. I’m always anxious to see what you and your readers, especially, have to offer regarding their own disaster preparations and efforts to become more self-reliant. I urge you to continue to provide this timely and much needed service to those of us out here that have glimpsed the future and need your and your audiences’ experience and knowledge to prepare to meet it. Thank you, again, and as Michael Biehn’s character (the Colonial Space Marine corporal in “Aliens”) said, “Stay frosty.” Aloha, – Gandalf



Odds ‘n Sods:

Peter D. recommended a great article on CDOs and their impact on the world economy, written from the perspective of a market insider.

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Stephen in Iraq set us this: Canada’s Dollar Nears Parity on U.S. Weakness, Commodity Surge

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Thank to Dave R. and Bruce A., who both sent us this: International credit derivatives expert asserts that the current credit crunch is just the beginning. A big bear is looming.

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Take a look at this delightful web site and sporadically-written blog by a lady that is a SurvivalBlog reader: ChickenSense. It has a lot of useful information on gardening, and would be of particular interest to southerners.



Jim’s Quote of the Day:

"All the problems we face in the United States today can be traced to an unenlightened immigration policy on the part of the American Indian" – Pat Paulsen (American comedian)



Note from JWR:

If reading SurvivalBlog has added substantively to your knowledge and family preparedness, then please consider becoming a voluntary 10 Cent Challenge subscriber. All we ask is 10 cents a day. I hope that the blog is worth that to you. Thanks!



Letter Re: Estimate on the Likelihood of an Economic Depression or Full-Scale Collapse?

Jim,
I know you get a lot of mail so I’ll be brief. I highly value your information and input on the current economy. I also have read your book “Patriots”, and your current assessment of our economy’s future terrifies me.

What are the probable chances of this turning into a worse case scale as seen in your novel? Even if it is not worse case, I have no idea
what a Moderate case would look like. Your wisdom would be greatly appreciated. Thank You.- William

JWR Replies: In the context of America’s current economic situation (namely, the implosion of the Debt Bubble), I think that the “Moderate” outcome would be a depression of the same severity and duration as the Great Depression of the 1930s. It is hard to assign percentage chances, because there are umpteen variables in play. But we are definitely now in a very volatile cycle.
Don’t panic, but do what you can to limit your US dollar exposure, get shed of rental properties, minimize your stock portfolio, diversify into precious metals, and be well-prepared, logistically. (Beans. bullets and Band-Aids). If you don’t know exactly what supplies to lay in, then get a copy of my “Rawles Gets You Ready” preparedness course. Above all, pray hard!



Letter Re: Les Stroud (aka “Survivorman”) Off-Grid Living Videos

James,
I’m not sure if you’ve mentioned this series before, but on YouTube there is a video series called “Off the Grid” hosted by Les Stroud of Survivorman fame. He moves his family out of the city and into the country in search of an off-the-grid home and lifestyle. It’s a fairly realistic look and (I think) good introduction to what it would take to make the jump to living in the country and self-sufficiently.

The other videos in the series can be found linked from the first page, or just search for “Off the Grid”. Hope you enjoy this, and I think many of the SurvivalBlog readers would too.
I hope you and your family are well, – Jason U.

The Memsahib Replies: Been there, done that. Got a few scars to prove it.



Letter Re: The Versatile Propane-Fired Turkey Deep Fryer

James:
So here is a cheap, useful item for your preparations: The “turkey deep fryer” kits that sell for around $100 as [the U.S.] Thanksgiving [holiday] gets closer are perfect for all kinds of disaster-related tasks. They often sell for even less on the day after the holiday.

The typical kit comes with a large, high-powered propane burner with stand, a 5 gallon stainless kettle, lid, a large thermometer, and often and assortment of pans and perforated steaming/frying inserts.
You can boil 5 gallons of water in about 20 minutes with one of these, and they are perfect for steaming large quantities of veggies, making gumbo, etc.
As a further bonus, they are perfect for rendering soap or smelting lead. (Use dedicated [and specially marked] pans for these tasks!)
Pick up a few large utensils at a restaurant supply store, and you’ve got the basics for a Red Cross-style soup line. – JN-EMT

JWR Replies: Use the standard safety precautions whenever melting lead, as previously described in SurvivalBlog.



Odds ‘n Sods:

According to Bill Bonner, editor of The Daily Reckoning, house price over-valuation is not unique to the US. In the U.K., Bonner said, house prices are 20% overvalued. He opines that Britain is one of the three most vulnerable to a house price crash/correction (after New Zealand and Denmark).

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By way of SHTF Daily come this article from Australia: US rate cut decried as ‘socialism for Wall Street’

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Reader Dave F. told us about an interesting new bullpup stock available for M1A and M14 rifles. If they provide a decent trigger pull (which, from what I have seen, is one of the most common failings of bullpup stock conversions), then this stock might be worth the price.

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T.A. in Indiana found a video on how to take apart a lantern battery which typically sells for $5 or $6 and get 32 AA batteries out of it.





The Fed’s Monetization Madness: A Word of Warning

I’m sure that most of you remember back in the first week of August when CNBC market analyst Jim Cramer was screaming hysterically: “Open the discount window!” Well, it seems that Bernanke and Company have done exactly what he asked. As of the past week, commercial banks are now taking $2.7 billion in loans per day from the Federal Reserve discount window. With just this lending from the discount window, the increase in the U.S. money supply has jumped to an annualized rate of more than 50%! I’ve said this before: The biggest red flag imaginable for pending economic catastrophe is the Fed massively monetizing the debt. (Much like I described in the opening chapter of my novel “Patriots”.) This is a highly inflationary measure. And this is exactly what the Federal Reserve is presently doing. If the discount window stays open for an extended period of time, then be prepared for at least double digit inflation, and possibly hyperinflation. I’m not saying this in jest.

Let’s face it, inflation is already upon us, at least for commodities. The prices of consumer goods are bound to follow. My good friend Fred the Valmet-meister recently sent us a link to a web page that shows the upright spike in Uranium prices. Where is the top? Who knows? The run up in the prices of base metals, precious metals, and the exotics (such as uranium) are indicative of a primary bull market in commodities. As confirmation, we observe that the price of wheat has tripled to $9+ per bushel, gold has zoomed up to $730+ per ounce, silver at $13.25+ per ounce, and oil is at $82+ per barrel. In times like these, all un-backed paper currencies are trash, and all useful tangibles are treasure.

The Schumer could start to fly very soon, folks. Be ready. If you have any unfinished pre-WTSHTF shopping, then now is the time to make that trip to Costco, and to place those mail orders. (I’m sure that our loyal advertisers would appreciate your business.) And if you are an urbanite or suburbanite that has been delaying buying your “Hidey Hole”, then this may be your last chance to make your move to the country before the coming winter. There is a storm coming…



Letter Re: Build-it-Yourself Reflux Alcohol Still Plans Available Online

Mr. Rawles

I’ve found the discussion of alcohol power and stills very interesting. Building a still has been something on my list of things to do, but I never seem to get around to making it happen. Here’s a link to [a PDF of] the [still building] plans I’d like to follow.

The plans are concise, relatively simple and, best of all, free. I think the web site says you can build one of these for about $65, less if you have access to an inexpensive stainless steel milk can.- Tim R.