Economics & Investing For Preppers

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at some warnings from JPMorgan Chase CEO Jamie Dimon. (See the Economy & Finance section.)

Precious Metals:

Millennials are hoarding more gold than boomers and Gen X-ers.

o  o  o

Why a Texas Gold-Backed Currency Is a Stand Against the Fed.

Economy & Finance:

JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the U.S. Economy.

o  o  o

Monthly mortgage payments reach record highs in US.

o  o  o

Your Paycheck Could Clear Faster With FedNow.

o  o  o

Illinois to Require Landlords Rent to Illegal Aliens as Housing Costs Surge. JWR’s Comments: We are now a nation that has had its legal system stood upon its head. What is next? A law requiring landlords to rent houses to child molesters?

o  o  o

CNN: What markets are saying about when to expect a recession.

Continue reading“Economics & Investing For Preppers”

The Editors’ Quote of the Day:

“One cannot legislate the maniacs off the street… these maniacs can only be shut down by an armed citizenry. Indeed bad things can happen in nations where the citizenry is armed, but not as bad as those which seem to be threatening our disarmed citizenry in this country at this time.” – Col. Jeff Cooper

Preparedness Notes for Sunday — July 23, 2023

On July 23, 1777  Polish military leader Casimir Pulaski arrived in Marblehead, Massachusetts, to volunteer in the Continental Army cavalry.

On July 23, 1944 Battle of Kursk (Koersk) ended. This massive tank battle in the USSR was a defeat for the Nazis, with thousands of German tanks destroyed.

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SurvivalBlog Writing Contest

Today we present another entry for Round 107 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  4. A $250 gift certificate good for any product from Sunflower Ammo,
  5. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.
  6. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.

Second Prize:

  1. A course certificate from onPoint Tactical for the prize winner’s choice of three-day civilian courses, excluding those restricted for military or government teams. Three-day onPoint courses normally cost $795.
  2. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  3. A $300 gift certificate from Good2Goco.com, good for any of their products: Home freeze dryers, pressure canners, Country Living grain mills, Emergency Essentials foods, and much more.
  4. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of firearms purchasing privacy!

Third Prize:

  1. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  2. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  3. Montana Survival Seed is providing a $225 gift code for any items on its website, including organic non-GMO seeds, fossils, 1812-1964 US silver, jewelry, botany books, and Montana beeswax.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $825,000 worth of prizes have been awarded since we started running this contest. We recently polled blog readers, asking for suggested article topics. Refer to that poll if you haven’t yet chosen an article topic. Round 107 ends on July 31st, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

Preparing With a Parent in Decline, by C.H. in Kansas

It’s a hard thing to watch a parent who is in decline. This may include physical failings, cognitive decline, loss of memory, forgetfulness, disturbed sleep patterns, and bad decisions. The person who once took care of you is simply no longer able to take care of themselves. What responsibilities do you have toward family? 

In this article,  I’m going to relate some thoughts regarding the care of an elderly parent and some considerations for general preparedness planning, not necessarily TEOTWAWKI. This is not intended to be an exhaustive treatment of the subject of hospice, elder care, legal issues, or anything else. It is simply some of the experiences my wife and I have had taking in an elderly parent and some Lessons Learned. As with everything else, Your Mileage May Vary.

Background

Our family moved to the northern Ozarks a bit over forty years ago. My parents purchased a small plot of vacant land. A well was drilled, power brought in, septic dug, and the family homestead established. It was home for a long time as the children grew, graduated, and left. Eventually Dad passed and only Mom remained on the property. Fortunately, none of us had moved terribly far away.

My interest in preparedness began as a child through reading Boy’s Life magazine and Outdoor Life. There seemed to be a monthly article of how someone found themselves lost in the wilderness and in a life-or-death situation. I drifted away from this as I grew up and went off to college. Eventually I joined the reserve forces, had a couple deployments after 9/11. It was after one of these that a neighbor sent a link to SurvivalBlog to me, and this rekindled my interest in preparedness. I didn’t really start working toward goals until a few years ago (following the election of BHO) and retirement from the National Guard. Most of those have been financial and land acquisition. There is a long way to go.Continue reading“Preparing With a Parent in Decline, by C.H. in Kansas”

JWR’s Meme Of The Week:

The latest meme created by JWR:

Meme Text:

Oppie Says: If Nuclear Bombs Were Tested By Dyslexics…
The Results Would Be Unclear

Note From JWR: Do you have a meme idea? Just e-mail me the concept, and I’ll try to assemble it. And if it is posted then I’ll give you credit. Thanks!

 

The Editors’ Quote of the Day:

“For every high priest taken from among men is ordained for men in things pertaining to God, that he may offer both gifts and sacrifices for sins:

Who can have compassion on the ignorant, and on them that are out of the way; for that he himself also is compassed with infirmity.

And by reason hereof he ought, as for the people, so also for himself, to offer for sins.

And no man taketh this honour unto himself, but he that is called of God, as was Aaron.

So also Christ glorified not himself to be made an high priest; but he that said unto him, Thou art my Son, to day have I begotten thee.

As he saith also in another place, Thou art a priest for ever after the order of Melchisedec.

Who in the days of his flesh, when he had offered up prayers and supplications with strong crying and tears unto him that was able to save him from death, and was heard in that he feared;

Though he were a Son, yet learned he obedience by the things which he suffered;

And being made perfect, he became the author of eternal salvation unto all them that obey him;

Called of God an high priest after the order of Melchisedec.

Of whom we have many things to say, and hard to be uttered, seeing ye are dull of hearing.

For when for the time ye ought to be teachers, ye have need that one teach you again which be the first principles of the oracles of God; and are become such as have need of milk, and not of strong meat.

For every one that useth milk is unskilful in the word of righteousness: for he is a babe.

But strong meat belongeth to them that are of full age, even those who by reason of use have their senses exercised to discern both good and evil.” – Hebrews 5 (KJV)

Preparedness Notes for Saturday — July 22, 2023

Led by U.S. General George S. Patton, Allied forces took Palermo, on the northwest corner of Sicily, on July 22, 1943.  This gave them a strategic foothold from which to invade mainland Italy during World War II.

—

On July 22, 1489, the Treaty of Frankfurt was signed between Maximilian of Austria and King Charles VIII of France.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 107 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  4. A $250 gift certificate good for any product from Sunflower Ammo,
  5. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.
  6. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.

Second Prize:

  1. A course certificate from onPoint Tactical for the prize winner’s choice of three-day civilian courses, excluding those restricted for military or government teams. Three-day onPoint courses normally cost $795.
  2. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  3. A $300 gift certificate from Good2Goco.com, good for any of their products: Home freeze dryers, pressure canners, Country Living grain mills, Emergency Essentials foods, and much more.
  4. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of firearms purchasing privacy!

Third Prize:

  1. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  2. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  3. Montana Survival Seed is providing a $225 gift code for any items on its website, including organic non-GMO seeds, fossils, 1812-1964 US silver, jewelry, botany books, and Montana beeswax.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $825,000 worth of prizes have been awarded since we started running this contest. We recently polled blog readers, asking for suggested article topics. Refer to that poll if you haven’t yet chosen an article topic. Round 107 ends on July 31st, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

How to Make and Use Vinegar, by St. Funogas

If there’s one thing we take for granted in our kitchens it’s vinegar. For a couple of bucks you can buy a gallon and it’ll last most people a year or more.

After the SHTF when every survivor must learn home canning as well as make their own cleaning products and limited antiseptics, vinegar making is a skill every household will need to master. Today it’s a fun activity and a way to put our canning waste to good use but after the Crash, it will be one of the most important food-preservatives available to us. Thus, it’s one more necessary skill we should all have on our TEOTWAWKI resumes.

Fortunately, it’s easy to make.Continue reading“How to Make and Use Vinegar, by St. Funogas”

Editors’ Prepping Progress

To be prepared for a crisis, every Prepper must establish goals and make both long-term and short-term plans. In this column, the SurvivalBlog editors review their week’s prep activities and planned prep activities for the coming week. These range from healthcare and gear purchases to gardening, ranch improvements, bug-out bag fine-tuning, and food storage. This is something akin to our Retreat Owner Profiles, but written incrementally and in detail, throughout the year.  We always welcome you to share your own successes and wisdom in your e-mailed letters. We post many of those –or excerpts thereof — in the Odds ‘n Sods Column or in the Snippets column. Let’s keep busy and be ready!

Jim Reports:

This week was quite busy for us.  Summers are always hectic, on a small ranch-homestead like ours. There is always so much to do!

We got the last of the hay stacked in our barn for next winter — just over 22 tons, in all. There were only a few bales left over from last year, and we will probably use that for bedding. Locally, straw bales are now just as expensive as grass hay bales, so there is no longer any point in laying in a separate supply.

The three of us drained and scrubbed out our Redneck Pool, to get it ready for swimming. Freshly refilled and lightly chlorinated, it looked dandy. And that was just a day in advance of the arrival of our four grandsons for a six-day stay at our ranch.

I finally got back out in the woods with a freshly-sharpened chain on my main chainsaw. Hopefully, I’ll have all of the rest of this year’s firewood quota cut and hauled out of the woods within two weeks. Because I have a couple of other projects to tackle, the splitting and stacking phase may have to wait until late August or early September. For now, I’m only splitting the green rounds. There is no rush to split the rounds from the dead-standing trees, since they are already quite dry.

Our neighbor came over with his tractor to scrape manure from our cow corrals for a few hours. That gave us about 15 cubic yards of the lovely black stuff. It is now piled next to our annex garden. I never regret paying him for his tractor time, each year. If I had to do all of that with a shovel and wheelbarrow, it would have taken me more than a week.

I had one day of on-site consulting with a client, early in the week, in the vicinity of Sandpoint, Idaho. Those on-site days are always interesting.

I still have a couple of fence rails to replace, and some garden water system plumbing to complete.  Work on a ranch is never finished. If nothing else, the Law of Entropy is inescapable.

Now, on to Lily’s report…

Continue reading“Editors’ Prepping Progress”

The Editors’ Quote of the Day:

“Save me, O God; for the waters are come in unto my soul.

I sink in deep mire, where there is no standing: I am come into deep waters, where the floods overflow me.

I am weary of my crying: my throat is dried: mine eyes fail while I wait for my God.

They that hate me without a cause are more than the hairs of mine head: they that would destroy me, being mine enemies wrongfully, are mighty: then I restored that which I took not away.

O God, thou knowest my foolishness; and my sins are not hidden from thee.

Let not them that wait on thee, O Lord God of hosts, be ashamed for my sake: let not those that seek thee be confounded for my sake, O God of Israel.

Because for thy sake I have borne reproach; shame hath covered my face.

I am become a stranger unto my brethren, and an alien unto my mother’s children.

For the zeal of thine house hath eaten me up; and the reproaches of them that reproached thee are fallen upon me.

When I wept, and chastened my soul with fasting, that was to my reproach.

I made sackcloth also my garment; and I became a proverb to them.

They that sit in the gate speak against me; and I was the song of the drunkards.

But as for me, my prayer is unto thee, O Lord, in an acceptable time: O God, in the multitude of thy mercy hear me, in the truth of thy salvation.

Deliver me out of the mire, and let me not sink: let me be delivered from them that hate me, and out of the deep waters.

Let not the waterflood overflow me, neither let the deep swallow me up, and let not the pit shut her mouth upon me.” – Psalm 69:1-15 (KJV)

Preparedness Notes for Friday — July 21, 2023

July 21st is the birthday of Ernest Hemingway. He was born in 1899 in Oak Park, Illinois. He committed suicide on July 2, 1961 in Ketchum, Idaho, after being diagnosed with haemochromatosis, and after electroshock treatments failed to lift him from chronic alcoholic depression. He lived a sad life but was a great writer.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 107 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  4. A $250 gift certificate good for any product from Sunflower Ammo,
  5. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.
  6. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.

Second Prize:

  1. A course certificate from onPoint Tactical for the prize winner’s choice of three-day civilian courses, excluding those restricted for military or government teams. Three-day onPoint courses normally cost $795.
  2. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  3. A $300 gift certificate from Good2Goco.com, good for any of their products: Home freeze dryers, pressure canners, Country Living grain mills, Emergency Essentials foods, and much more.
  4. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of firearms purchasing privacy!

Third Prize:

  1. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  2. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  3. Montana Survival Seed is providing a $225 gift code for any items on its website, including organic non-GMO seeds, fossils, 1812-1964 US silver, jewelry, botany books, and Montana beeswax.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $825,000 worth of prizes have been awarded since we started running this contest. We recently polled blog readers, asking for suggested article topics. Refer to that poll if you haven’t yet chosen an article topic. Round 107 ends on July 31st, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

Selecting Ham Shack Equipment, by Muscadine Hunter

When it comes to assembling equipment for a ham shack, there are about as many options as there are differing opinions about what one needs. Also, a ham shack for hobby and one for intel gathering post TEOTWAWKI is vastly different. With that said, allow me to share my experiences and background. I started fooling around with radios when I was about 10 years old. One of my dad’s best friends was an avid short-wave listener and introduced me to the hobby. I would sit in Hoyt’s den for hours listening to various overseas shortwave stations as well as occasional voice ham conversations while my mom and dad visited.

Dad bought me a small Hallicrafters shortwave receiver and strung up a long wire antenna. I was hooked! And Dad bought me my first two-way radio, an 8-channel crystal-controlled CB when I was 12. That was back in the day when you still had to have a license and callsign for CB. I still remember my dad’s call letters. There we only a few channels where you could legally talk to other stations, unlike today. While in high school I worked for one of the biggest radio and electronics stores in my hometown. I helped to install many antennas, even climbing towers.Continue reading“Selecting Ham Shack Equipment, by Muscadine Hunter”

Economics & Investing For Preppers

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at the faltering Chinese economy. (See the Economy & Finance section.)

Precious Metals:

Kennedy Shows Crypto Chops – Vows To Back USD With Precious Metal, Bitcoin If Elected.

o  o  o

At Gold-Eagle.com: BRICs – Gold Convertibility Is The Key.

o  o  o

Gold Versus Silver – Which Is the Wisest Investment?

Economy & Finance:

From Larry Greenberg’s Currency Thoughts blog: Chinese Data Fail to Dispel Concerns about World’s Second Largest Economy.

o  o  o

Reported on Wednesday (July 19th, 2023): Dow jumps 100 points for its eighth straight winning day, a first since 2019.

o  o  o

Yellen: ‘We Have and Want to Continue to Have Deep Economic Ties’ with China.

o  o  o

Another Day, Another Short-Squeeze For Stocks; Yield Curve Yells ‘Recession’.

o  o  o

Bankrate: Survey: Economists see 59% chance of a recession by July 2024.

o  o  o

J.P. Morgan: Mid-year market outlook 2023: Entering uncharted territory.

Continue reading“Economics & Investing For Preppers”

The Editors’ Quote of the Day: 

“The aim of public education is not to spread enlightenment at all; it is simply to reduce as many individuals as possible to the same safe level, to breed a standard citizenry, to put down dissent and originality.” – H.L. Mencken

Preparedness Notes for Thursday — July 20, 2023

Today would have been the 90th birthday of novelist Cormac McCarthy (born, 1933.) Sadly, he passed away on June 13, 2023 — just a month shy of his 90th. He is the author of the survivalist novel The Road, which later became a popular movie with the same title. He also wrote No Country For Old Men, which later became an even more popular movie.

On July 20th, 1969, At 10:56 p.m. EDT, American astronaut Neil Armstrong, 240,000 miles from Earth, spoke these words to more than a billion people listening at home: “That’s one small step for a man, one giant leap for mankind.” Stepping off the lunar landing module Eagle, Armstrong became the first human to walk on the surface of the moon.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 107 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. Two cases of Mountain House freeze-dried assorted entrees in #10 cans, courtesy of Ready Made Resources (a $350 value),
  4. A $250 gift certificate good for any product from Sunflower Ammo,
  5. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses.
  6. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.

Second Prize:

  1. A course certificate from onPoint Tactical for the prize winner’s choice of three-day civilian courses, excluding those restricted for military or government teams. Three-day onPoint courses normally cost $795.
  2. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  3. A $300 gift certificate from Good2Goco.com, good for any of their products: Home freeze dryers, pressure canners, Country Living grain mills, Emergency Essentials foods, and much more.
  4. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of firearms purchasing privacy!

Third Prize:

  1. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  2. A Royal Berkey water filter, courtesy of Directive 21 (a $275 value),
  3. Montana Survival Seed is providing a $225 gift code for any items on its website, including organic non-GMO seeds, fossils, 1812-1964 US silver, jewelry, botany books, and Montana beeswax.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $825,000 worth of prizes have been awarded since we started running this contest. We recently polled blog readers, asking for suggested article topics. Refer to that poll if you haven’t yet chosen an article topic. Round 107 ends on July 31st, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.