Gossner UHT Shelf Stable Milk, by Thomas Christianson

Icy gusts of January wind were driving sheets of snow relentlessly across the slick pavement. I was cautiously creeping along in my car, making my way home from work. The weather forecast for the coming night was threatening.

As I drove past a grocery store, the gloomy winter twilight revealed a crowded parking lot. Shoppers were flocking to the store to buy the remaining stocks of bread, milk, and other supplies in anticipation of being snowed in.

I was able to drive right on by the store without the need to stop. My wife, “Kari” had stocked our pantry well for short-term shutdowns. It had things like beans and canned meat, pilot bread and rice, canned fruit and summer sausage, peanut butter and fruit juice, pancake mix and muesli. And to mix up those pancakes or pour over that muesli, there were quarts and quarts of shelf-stable UHT milk. Like the Proverbs 31 woman, Kari was not afraid of snow for her household.

What is UHT Milk?

“UHT” stands for “Ultra High Temperature”. UHT milk is processed at temperatures in excess of 275 degrees Fahrenheit. Traditional pasteurization only heats milk to 161 degrees Fahrenheit.

The UHT process slightly changes the protein structure and the taste of the milk. My grandkids don’t like it, and it is not my first choice to accompany a fresh baked chocolate chip cookie. But when UHT milk is poured over a bowl of cereal, I would be hard-pressed to tell the difference from regular milk. And I sure like the taste of UHT milk a whole lot better than the taste of reconstituted powdered milk.Continue reading“Gossner UHT Shelf Stable Milk, by Thomas Christianson”

Recipe of the Week:  Winter Hearty Stew

The following Winter Hearty Stew recipe is from SurvivalBlog reader Richard T.

Equipment
  • Instant Pot or pressure cooker
  • stock pot and strainer for noodles
  • skillet for sauteing onions
Ingredients
  • 1 smoked pork hock (Easter ham trimmings, bacon, salt pork are good alternatives)
  • 27 oz can of Southern Style mustard greens (or any fresh greens, but they must be chopped)
  • 28 oz can of crushed tomatoes
  • 1 medium sized yellow onion
  • 1 – 8 oz can of mushroom pieces and stems
  • 2 cups of dried black-eye peas (or canned black-eye peas)
  • egg noodles
  • Frank’s hot sauce (optional)
  • salt & black peppercorns (to taste)
Directions

The Countdown to Dinner:

    • Hour 1-2
      • Pressure cook pork hock in 4 cups of water.
    • Hour 2-5
      • release pressure
      • separate bones and grizzle from and meat
        • (retain bones for bone broth)
      • crush meat with potatoe masher (optional)
      • add 1 cup of black-eyed peas, 3 tbs hot sauce, peppercorns, salt.
      • Return to pressure cooker
    • Hour 5-6
      • Saute onion in oil while releasing pressure
      • open pressure cooker
      • mash peas and meat in the pot
      • strain greens and mushrooms well and add all and sauteed onions to pot.
      • Add 2nd cup (or can) of black-eyed peas.
      • Add can of crushed tomatoes
      • continue to cook on a low heat
    • Hour 6
      • cook noodles and strain
      • serve noodles in bowls
      • add stew on top

After Hour 6, the stew is ready to enjoy.

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Do you have a favorite recipe that would be of interest to SurvivalBlog readers? In this weekly recipe column, we place emphasis on recipes that use long term storage foods, recipes for wild game, dutch oven and slow cooker recipes, and any that use home garden produce. If you have any favorite recipes, then please send them via e-mail. Thanks!

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. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at guns as an investment and ongoing strong gun sales in the United States. (See the Tangibles Investments section.)

Precious Metals:

Gold and silver prices have both jumped up substantially in Dollar terms, since the banking crisis news broke on Wednesday, March 8th. Here is some analysis, posted over at Gold-Eagle.com: Bank Failures and Inflation: What It Means for Silver and Gold.

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Gold price hits record highs against Aussie dollar as banking crisis drives safe-haven demand – Surbiton Associates.

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Silver price forecast: XAG/USD waits patiently for Fed cues.

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Gold will outshine the other precious metals as fears of a global banking crisis grow – Mitsubishi’s Jonathan Butler.

Economy & Finance:

One of my long-time readers wrote me yesterday to ask if I thought that the worst was over, in the banking crisis. My reply: No. We are just seeing the beginning of what could be a huge nationwide bank panic. More than $550 billion was withdrawn from banks, just last week. The U.S. Treasury essentially nationalized American banking, by providing a huge new pool of cash. Silicon Valley Bank was just the first of many bank failures.

The allegedly “safe” banks dove in and took $152 billion of Treasury Department “discount window” loans, in just a few days. Also last week, the Federal Reserve offered another $25 billion, and $12 billion of that has already been taken.

The FDIC’s remaining +/-$100 billion fund could be drawn down after just a couple of days of bank runs at a few banks. Thereafter, with the U.S. Treasury as the “creditor of last resort”, FDIC obligations would presumably all be electronic dollars created out of thin air, handed out in the forms of cashier’s checks. Therefore, don’t expect to be handed greenback cash. That quantity of printed cash simply doesn’t exist. Yes, they could print hundreds of billions of new “dollars” in $100 bills, but that could take several months to accomplish. This situation is going to get a lot worse before it gets better! Ultimately, American taxpayers will foot most of the bill for the bailouts. This could quickly add another $2-to-$5 trillion to the national debt.

You might ask: Cui bono?  As smaller banks fail and get bought out by big banks, it consolidates wealth and power in the hands of the biggest  “too big to fail” banks, and thus consolidates the control of the Federal Reserve banking cartel. – JWR

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Reported on Friday: Stock market news today: Stocks lower as First Republic weighs on banks.

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A terse video from Steve Forbes: Brace Yourself—Here’s Why More Trouble Is Coming To The World Of Banking.

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Charles Hugh Smith: Banks, Banks, Banks: The Elephant Nobody Even Sees.

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Linked over at the Whatfinger.com news aggregation site: Bank of America won big from the Silicon Valley Bank collapse.  JWR’s Comment: With the recurrent history of bailouts, folks instinctively shift their deposits to the “too big to fail” banks. It is noteworthy that 95% of the SVB depositors held more than the $250,000 FDIC threshold. They are very fortunate that they are being made whole. But this sets a dangerous precedent for any upcoming bailouts.

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UBS to buy Credit Suisse for more than $3B in government-brokered deal aiming to restore confidence. (Thanks to D.S.V. for the link.) JWR’s Comment:  That might sound like a lowball figure, but there is a long-standing precept of law that when you acquire a business, you are buying both its assets and its liabilities.

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At DNYUZ: Bank Runs, Crypto Concerns and Takeovers: A Timeline of the Panic.

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Brandon Smith: Silicon Valley Bank Crisis: The Liquidity Crunch We Predicted Has Now Begun.
Continue reading“Economics & Investing For Preppers”

Preparedness Notes for Sunday — March 19, 2023

On March 19, 1982, 50 Argentines landed on South Georgia in the Falkland Islands to plant the Argentine flag. They renamed the islands The Malvinas. This precipitated the Argentine army invasion on April 2nd. Despite some significant naval losses and dreadful weather, British Marines re-took the island on April 25th in a well-coordinated ground campaign.  The photo above shows some of the captured Argentine soldiers, at the end of the war.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 105 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. 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).
  4. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  5. 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. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $800,000 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 105 ends on March 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.

 

On Growing Older – Part 3, by A.E.

(Continued from Part 2. This concludes the article.)

Adding families into the social mix of the hunting group made socializing more complex. Basically it meant there were three levels: the men who could and did get along, the women who might get along, and the kids who would usually get along with a little parental supervision. There were exceptions. There was the woman who I’m sure had vinegar instead of blood in her veins, another woman looked for things to complain about and make an issue of, and the woman who would drag a hapless family member into their tent to change clothes if there was a spot on the shirt, a mud dab on a pant leg. (she ran out of clean clothes for the family in two days of camping and she was miserable the entire time.)

The kids could be a flash point with the most easygoing of people: “Well, my kid would never do that!” There was the kid that would steal anything, whether needed or not. Then there was the kid that liked to torment and pick on other kids(in this instance it was a girl) and again we heard “well she would never do that, they must have done something!” At the best of times, kids can be great on a camping trip; at the worst of times they can turn the great outdoors into something out of Dante’s Inferno.Continue reading“On Growing Older – Part 3, by A.E.”

JWR’s Meme Of The Week:

The latest meme created by JWR:

Meme Text:

Joe Biden Just Had a Brilliant Idea For Solving Two Problems At Once:

Issuing Blanket Pardons and Then Hiring Sam Bankman-Fried (SBF) as CEO of Silicon Valley Bank (SVB)

The Editors’ Quote of the Day:

“And unto the angel of the church in Sardis write; These things saith he that hath the seven Spirits of God, and the seven stars; I know thy works, that thou hast a name that thou livest, and art dead.

Be watchful, and strengthen the things which remain, that are ready to die: for I have not found thy works perfect before God.

Remember therefore how thou hast received and heard, and hold fast, and repent. If therefore thou shalt not watch, I will come on thee as a thief, and thou shalt not know what hour I will come upon thee.

Thou hast a few names even in Sardis which have not defiled their garments; and they shall walk with me in white: for they are worthy.

He that overcometh, the same shall be clothed in white raiment; and I will not blot out his name out of the book of life, but I will confess his name before my Father, and before his angels.

He that hath an ear, let him hear what the Spirit saith unto the churches.

And to the angel of the church in Philadelphia write; These things saith he that is holy, he that is true, he that hath the key of David, he that openeth, and no man shutteth; and shutteth, and no man openeth;

I know thy works: behold, I have set before thee an open door, and no man can shut it: for thou hast a little strength, and hast kept my word, and hast not denied my name.

Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.

Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.

Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.

Him that overcometh will I make a pillar in the temple of my God, and he shall go no more out: and I will write upon him the name of my God, and the name of the city of my God, which is new Jerusalem, which cometh down out of heaven from my God: and I will write upon him my new name.

He that hath an ear, let him hear what the Spirit saith unto the churches.” – Revelation 3:1-13 (KJV)

Preparedness Notes for Saturday — March 18, 2023

On March 18, 1837, Grover Cleveland, was born. He was the only U.S. president to serve two discontinuous terms (1885–89 and 1893–97).

March 18th is the birthday of novelist John Updike. (He was born in 1932 and died in 2009.)

It is also the birthday of Luc Besson, director and producer of films such as Nikita and The Fifth Element. He was born in 1959.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 105 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. 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).
  4. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  5. 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. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $800,000 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 105 ends on March 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.

On Growing Older – Part 2, by A.E.

(Continued from Part 1.)

It hasn’t been until recently that I would have called myself a prepper, it was just something that our family always did. My family lived through the blizzard of 1948 in Wyoming because my mother always kept a months worth of food in the trailer house. Between that and harvesting deer, antelope and a couple of cows that froze to death standing up during the blizzard, the families associated with us, part of an oil drilling crew, fared reasonably well. (Yes, my dad did pay the rancher for the beef. The rancher lost over 200 head to the blizzard.)

The trailer families used blow torches on the home heating oil tanks used with the furnaces in the house trailers. It wasn’t that the fuel froze, but it did gel at really low temperatures and refuse to flow. The only running vehicle they had was a military surplus jeep.

It wasn’t until I got married that I started to plan ahead for lean times. At first, it was a 35-gallon drum with flour, sugar, salt, and rice in it and a freezer with a quarter of beef. The quarter of beef I bought from a small local grocery/meat market. The man that ran the grocery also educated me on groceries in general. After several conversations over coffee, I was able to buy case lots at a discount from him, learn what loss leaders were, when stores have special sales with cutthroat pricing, and in general how to effectively protect my family from going hungry and do it cheaply. Both the beef and the service were excellent.Continue reading“On Growing Older – Part 2, by A.E.”

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:

Our first two lambs of 2023 arrived this week — one ewe lamb and one ram lamb. Both moms and the lambs are doing well.  We are temporarily keeping them jugged up in our small livestock shed, away from the rest of the flock.

Now, Lily’s report…Continue reading“Editors’ Prepping Progress”

The Editors’ Quote of the Day:

“And I Daniel alone saw the vision: for the men that were with me saw not the vision; but a great quaking fell upon them, so that they fled to hide themselves.

Therefore I was left alone, and saw this great vision, and there remained no strength in me: for my comeliness was turned in me into corruption, and I retained no strength.

Yet heard I the voice of his words: and when I heard the voice of his words, then was I in a deep sleep on my face, and my face toward the ground.

And, behold, an hand touched me, which set me upon my knees and upon the palms of my hands.

And he said unto me, O Daniel, a man greatly beloved, understand the words that I speak unto thee, and stand upright: for unto thee am I now sent. And when he had spoken this word unto me, I stood trembling.

Then said he unto me, Fear not, Daniel: for from the first day that thou didst set thine heart to understand, and to chasten thyself before thy God, thy words were heard, and I am come for thy words.

But the prince of the kingdom of Persia withstood me one and twenty days: but, lo, Michael, one of the chief princes, came to help me; and I remained there with the kings of Persia.

Now I am come to make thee understand what shall befall thy people in the latter days: for yet the vision is for many days.

And when he had spoken such words unto me, I set my face toward the ground, and I became dumb.

And, behold, one like the similitude of the sons of men touched my lips: then I opened my mouth, and spake, and said unto him that stood before me, O my lord, by the vision my sorrows are turned upon me, and I have retained no strength.

For how can the servant of this my lord talk with this my lord? for as for me, straightway there remained no strength in me, neither is there breath left in me.

Then there came again and touched me one like the appearance of a man, and he strengthened me,

And said, O man greatly beloved, fear not: peace be unto thee, be strong, yea, be strong. And when he had spoken unto me, I was strengthened, and said, Let my lord speak; for thou hast strengthened me.

Then said he, Knowest thou wherefore I come unto thee? and now will I return to fight with the prince of Persia: and when I am gone forth, lo, the prince of Grecia shall come.

But I will shew thee that which is noted in the scripture of truth: and there is none that holdeth with me in these things, but Michael your prince.” – Daniel 10:7-21 (KJV)

Preparedness Notes for Friday — March 17, 2023

March 17th is the birthday of Józef Franczak (born 1917, died 21 October 1963), who was a Polish Army Corporal who fought in the World War II resistance against the invading Germans. He then carried on after the war, to fight against the occupying Soviets and their Polish communist stooges. Eventually, he was one of the last of the Cursed Soldiers resistance in Poland. His nom de guerre was Lalek.

—

SurvivalBlog Writing Contest

Today we present another entry for Round 105 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. 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).
  4. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC,
  5. 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. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $800,000 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 105 ends on March 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.

On Growing Older – Part 1, by A.E.

I am growing older and have celebrated the birthdays to prove it. Note that I am not calling myself old…It is too easy to convince yourself that you shouldn’t do something because you are old. No excuses, but there are limits. Instead, I continue to make my to do lists and push forward as best I can, testing my limits and recognizing that the joints are stiffer, the muscles weaker and the stamina slipping. There is no avoiding the slow march of time and the effects on the human body. The most we can hope for is to slow it down.

I am better off than most of my peers, and I attribute that to good genes, walking like I have a destination, and also to my chiropractor. In my early years he suggested that I join a health club, lifting weights and riding the bike to equalize my stresses and strengths since we will normally use or overuse one side of the body. The right side of my body, being my dominant side, was developed much more than the left and that caused stresses and pains that most of the time I just ignored. I still follow his advice even thoough, and  I haven’t worked construction in many years.

Now in my 80s, I have thick bone density and blood pressure is 129/79 and a resting pulse of 62. Not trying to brag, a lot of that is due to the walking and regularly visiting health clubs — right up until the Covid problem. If nothing else, walk, ride a stationary or regular bike, swim…If you can’t do any of that, then paddle your feet while sitting, do arm curls with a couple cans of beans in a plastic shopping bag. Anything to get the blood circulating better than when acting as a stationary lump. Move, or something will catch up.Continue reading“On Growing Older – Part 1, by A.E.”

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. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at the Federal Government’s rising cost of interest to carry the National Debt. (See the Economy & Finance section.)

Precious Metals:

Biggest bank failure since 2008 drives gold sentiment higher, could hit $1,900 next week.

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At Gold-Eagle.com: Gold Forecast – Spreading Bank Failures Could Send Gold Soaring.

Economy & Finance:

A “must watch” interview: Jim Millstein on Restructuring Market, Fed, Debt Limit. JWR’s Comments: Following his soft-pedaling of the gravity of the situation, don’t miss Jim Millstein’s warnings on the impact of higher interest rates on the $31 trillion national debt, starting at the 2:45 mark. Just extrapolate the Treasury Department’s annual cost of borrowing if interest rates go back up to 21%, like they did, in 1980.

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Reported Thursday morning: First Republic Extends Plunge as Bank Said to Weigh Options.

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Voila! Reported Thursday afternoon: Big Banks Agree To Historic $30 Billion Unsecured Deposit Injection In First Republic Bank.

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SVB’s rescue means the Fed won’t hike rates in March, says Goldman Sachs. JWR’s Comments: Here is the Fed’s de facto pivot back toward a loose money policy that I warned about. Be prepared for more inflation, folks!

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CNBC reported this on Thursday: First Republic falls 30% as regional bank stocks continue to sink.

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More rate hikes are needed, says Fed’s Mary Daly.

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At Zero Hedge: Beige Book Finds Drop In Inflation Concerns, Expectations For Continued Price, Wage Moderation.

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Bridgewater raises over $800m for new ‘Defensive Alpha’ strategy.

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Brandon Smith: Get Woke, Go Broke? It’s Time To Talk About SVB’s Ties To The World Economic Forum.

Continue reading“Economics & Investing For Preppers”