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«-- Letter Re: The Importance of Pistol Holster Selection | Main | Note from JWR: --» Letter Re: What Preparations Should I Undertake Next?Jim, Thanks so much for your book and all that
you are doing with SurvivalBlog.com.
You truly are a Patriot. JWR Replies: Thanks for your e-mail. I don't have a crystal ball, but things seem to be coming to a head, economically. Some of he most recent evidence of this: Cryptogon reports 8,500 U.S. Banks; Many Will Die Soon. And meanwhile, we read: Wachovia loses $8.9B, cuts 6,350 workers, dividend, and that WaMu isn't trusting cashier's checks from IndyMac Bank. The credit collapse is only going to get worse, and l believe that here in the US it will eventually destroy the residential and commercial real estate markets, the stock market, the "Big Three" automobile manufacturers, the municipal bond market, and many banks. I just can't with certainty say when. As for "final hour" priority purchases, see my background article: The
Desperation Shopping List:
The Seven Critical Items that are Guaranteed to be Stripped From Store Shelves
When You Need Them Most in a Crisis. This article is available
free of charge from Arbogast Publishing, the folks that publish my "Rawles
Gets You Ready" preparedness course. Odds are there won't be a full-scale collapse. More likely, we will probably witness a deep, long depression. Think through the implications of being unemployed or under-employed for a full decade. Consider starting a home-based business with a "depression proof" product or service. As I've stated in the blog before, even in times of double digit inflation, you will still need some cash income to pay your bills. |
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