Monthly Archives: May 2012

Top 9 Mistakes Of Prepping Newbs

By M.D. Creekmore (a.k.a Mr. Prepper) | From TheSurvivalistBlog.net| On May 20, 2010

1. Following the wrong advice: Many new survivalist become fixated upon the advice given by others.  They read the latest preparedness book or blog post and automatically assume the advice given is best them, without considering their individual needs, skill level or location. In order to be self-reliant you need to learn to think for yourself.

2. Not eating what they store: Many new survivalist fill their pantry with unfamiliar foods, thinking they will adapt their diet “when the time comes” this is nonsense. You need to learn how to prepare and use these foods now, so they become a familiar staple.

3.  Relying only on their food storage: Many new survivalist think once they have their one year supply of survival foods, that’s the end.  Don’t get me wrong, having a deep larder is important, just don’t overlook the possibility of needing to replenish your supplies, and obtaining the skills and resources needed to do that.

4. Not storing enough salt:  Many new survivalist fail to store this staple in the quantities needed. Don’t discount the importance of salt. I suggest at least ten pounds of iodized salt per person as a minimum. For baiting game (illegal in most areas), I’ve put away several salt blocks. These can be found at any agricultural feed store and are sold for cattle.

5. Building an arsenal: I see this all the time. Many new survivalist spend thousands on weapons and related gear, yet have only a two-week supply food and no water filter. This is stupid. I love guns and gear as much as the next person – but I know food and water are more important to my survival. Sure; we need weapons to protect what we’ve put away, just don’t neglect the other stuff.

6. Relying on bugging out: I’m not a fan of the “grab a bug out bag and head for the hills survival strategy”. In most cases you’re better off staying where you are. Having a bug out bag is a good idea, just don’t make bugging out your only plan or first priority.

7. Too much stuff not enough skill: Many new survivalist believe they can be saved though buying. This fantasy has been promoted by self-serving survival gurus for years to fill their pockets with cash. Sure supplies are useful and some are needed – just don’t become dependent on stuff instead develop your skills.

8. Storing only one type of food: More than a few new survivalist have made this mistake. I can’t remember exactly where I read it, I think it was on another survival blog – but the author suggested his readers store hundreds of pounds of wheat and nothing else. While wheat is the backbone of my food storage, storing only one type of food, no matter how versatile is foolish.

9. Not taking care of pet needs: Many new survivalist fail to consider the needs of their pets. If you have pets you must plan for their needs by laying back the necessary supplies to keep them fed and healthy.

What was the biggest mistake you made when you were a newb?

This article was originally posted at http://www.thesurvivalistblog.net/top-9-mistakes-prepping-newbs/

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Spain To Sell Bonds To Pay For Bankia Bailout

By David Roman & Jeffrey T. Lewis | From MarketWatch.com | On Wednesday, May 30th, 2012

MADRID (MarketWatch) — Spain’s government on Wednesday clarified its rescue plans for Bankia SA (BKIA.MC), saying it will pay for the EUR19 billion ($23.6 billion) bailout with cash raised through an auction of treasury bonds.

Finance Minister Luis De Guindos denied reports that the European Central Bank rejected a plan to fund the ailing lender directly with bonds it could exchange for cash from the ECB.

For their part, ECB officials signaled they would oppose any attempt to fund Bankia via the central bank’s lending facilities, according to people familiar with the situation. The ECB said Spain’s government hasn’t contacted it about the Bankia rescue.

Spain is coming to the aid of Bankia, its third-largest lender by assets, at a time when its finances are stretched to their breaking point and the government is desperately trying to ward off an international bailout.

Spain’s own bank bailout fund has only about EUR9 billion left. The country has seen its borrowing costs soar and demand fall in recent auctions. Spanish bond yields have reached levels close to those experienced by the likes of Ireland and Portugal before they requested bailouts.

De Guindos also said Spain’s banks will be asked to set aside EUR84 billion to cover potential losses on real estate this year and that this money can be raised via results, asset sales or from investors.

“Bankia is not the start of the problems. What the government is doing is accelerating the process of fixing Spain’s banking sector,” de Guindos said.

This article was originally posted at http://www.marketwatch.com/story/spain-to-sell-bonds-to-pay-for-bankia-bailout-2012-05-30-7103103

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Choosing A Bug Out Vehicle

By Sixpack | From survivalistboards.com

A highly customized ex-military M1008 as a bug-out vehicle

A highly customized ex-military M1008 as a bug-out vehicle

Peoples opinions on which Bug Out Vehicle (BOV) is the best, are about as varied as the discussions on which firearm is the best. But choosing a BOV is something I’ve given a lot of consideration to because I live on the out-skirts of a major city, and will have to bug-out to a prearranged retreat in the event of a crisis. I started researching my options shortly after the 9/11 attacks, and have come up with the criteria that fit my needs, and maybe the needs of some body else.

This is what I’ve come up with, and I hope it helps someone else.

1.) Four wheel drive vs two wheel drive–Whatever vehicle you choose MUST be four wheel drive, nothing else will do when going off-road. I know that in my area, any and all paved roads will rapidly become parking lots, leaving going cross-country as my only option and two wheel drive will do nothing but get you stuck.

2.) Cargo capacity–What ever vehicle you choose MUST have adequate cargo capacity to carry ALL your survival goods, plus your loved ones (there are off road trailers that can help, and I’ll address those later). This leaves out any of the CJ-YJ series Jeeps, Honda’s, or ANY of the small “SUV’s.” I personally wouldn’t use anything smaller than a half ton. You must also remember that the heavier duty the vehicle is, the tougher it is to break. And believe me when you go off-roading, parts break. So again the spaghetti thin axles and drivetrain parts on these smaller “SUV’s” will probably become a liability, if you have to go cross country.

3.) Mostly stock vs highly modified–Unless you’re extremely wealthy and can carry any spare parts for a modified 4×4, what ever vehicle you choose should remain as stock as possible, with mild upgrades of hard parts being ok. While it’s cool to have a 4×4 that has a lot of “eye candy” and makes every one at the local “Joe’s-biffy-burger-cruise-in” jealous with envy, it will be very difficult to repair in the field when something breaks. You’ll have a much better chance of finding used parts for a mostly stock vehicle, than one that is highly modified. Just keep your modifications to those that will add durability to the vehicle, and give you better off-road performance.

4.) Diesel engine vs gas engine–I’m a huge proponent of a bug-out vehicle that runs on diesel for a number of reasons.

a) Durability: A diesel engine’s service life is about twice that of a gas engine.

b) EMP proof: Most of the diesels manufactured before 1998, are mechanical (no computers to control the vitals), and electronics are minimal and should survive an EMP blast, or will be easy to replace. [If I'm wrong about this, some one correct me.]

c) Economy: Generally speaking a diesel engine will get better fuel economy, than it’s gas engine’s counterpart for the same vehicle.

d) Ability to use non-standard fuels: A diesel engine will run on other fuels that are “not for highway use.” Diesel engines will run on diesel (of course), home heating oil (keep some cheese cloth or old tee-shirts to strain it), kerosene, JP-5, and JP-8 jet fuels. So by “thinking outside the box”, you have improved your chances of finding a way to re-fuel, when the gas stations are out.

e) Storing diesel vs storing gasoline: With stabilizers, diesel fuel will store about ten times longer than gasoline that has stabilizers added. Those who already live at their retreat and are storing diesel, will have a fuel source longer than those who are storing gasoline. This also applies to those folks who have diesel generators and live at their retreats.

5.) Off-road trailers: For those who have to have “the latest and greatest” small SUV’s, off-road trailers are available. But when choosing one try to stay away from the standard Ball hitch, try instead to use a trailer that uses a Pintle type hitch. Any one that has done any off-roading with a ball type hitch, knows what I’m talking about. Over rough terrain they tend to come loose, and that’s not what you need when trying to get away from a crisis. There are some really nice commercial trailers but the downside to those is cost, they are expensive. The best deals I’ve found on good off-road trailers, are the ex-military trailers. I’ve seen them selling from around $300-$500, they are the best bargain for those wanting to go that route.

6.) Paint: Some might ask, “why is paint important?” Having brilliant, attention getting colors that stick out in the woods while trying to escape doesn’t make sense. A simple paint job, in a non-obtrusive basic color is your best bet. I would choose any of the green or brown colors as they will blend in better with foliage, a lot better that the flashier colors will. And if you have thought about it in advance, brown or green paints just need a light sanding, and paint job with camo-paint from Walmart, to blend in better.

7.) Diesel conversions for gasoline vehicles: These can be done, and are being done by more than a few off-roaders. I’ve seen Jeep Cherokees and Wranglers, as well as some other 4×4′s that have been converted. A lot of the conversions are being been done using the Cummins 4BT Turbo Diesels and the Hurcules DT3.7 Turbo Diesel. Both of the engines are four cylinder, and are achieving an average of 30-35 mpg. There is a company that is selling rebuilt Hurcules engines for $5,746, and also have the adapters to retro-fit them to several vehicles. You can find them at: http://www.kiva.net/~mars/engine.html The Cummins 4BT’s were used in a lot of the old delivery panel trucks, just look for an older Frito-Lays delivery truck, more than likely it’s a 4BT.

8.) Used military vehicles: Used military vehicles are a good source when looking for a bug-out-vehicle. The Chevy M1008/M1009 trucks and Blazers can be had for a very good price, most under $5,000. They use the 6.2 liter diesel, it doesn’t make a lot of power but it’s a very durable engine, and at the prices you can get them for it makes for a pretty good bargain. Another plus to using ex-military vehicles is, they are also already set up to tow the military trailers.

Okay, all this to get to what I have chosen for my BOV………………Whew!!!!

I ended up buying a 1980 Jeep Cherokee. I also bought a 1984 M1008 CUCV for it’s entire drivetrain. When the Cherokee is finished it’ll have the 6.2 diesel, turbo 400 tranny, an NP205 transfer case, a Dana 60 front axle and GM 14 bolt rear axle (both with 4.56 gears and lockers). I’m using stock leaf springs with a spring over axle swap in the front, and a shackle flip in the rear. We are making custom front and rear bumpers, sliders, and exo-skeleton with a safari rack. I’ve got four of the front fender flares from an older Jeep M715 military truck, these along with the lift from the suspension mods I’m doing, will allow me to run the Michelin 325/85r16 military radials, I’ve bought. It will also have a snorkel, and the exhaust raised above the roofline in case we come across deep water. I will be covering it in green bedliner instead of paint, I’m doing this for two reasons, durability and I hate washing this beast! If time allows I’ll also be doing the veg-oil conversion. Here are a couple pics from before I took it off the road to do the conversion, the black one is a friends that’s also being built.

Anyway, I hope my research and opinions help at least one person who is trying to figure out what they need in their bug-out-vehicle.

This article was originally posted at http://www.survivalistboards.com/showthread.php?t=17569

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Flags Of Our Forefathers: Naval Jack of the United States

Naval Jack of the United States

The First Navy Jack is the current U.S. jack authorized by the United States Navy. The design is traditionally regarded as that of first U.S. naval jack flown in the earliest years of the republic.

In late 1775, as the first ships of the Continental Navy readied in the Delaware River, Commodore Esek Hopkins issued, in a set of fleet signals, an instruction directing his vessels to fly a “striped” jack and ensign. The exact design of these flags is unknown. The ensign was likely to have been the Grand Union Flag, and the jack a simplified version of the ensign: a field of 13 horizontal red and white stripes. However, the jack has traditionally been depicted as consisting of thirteen red and white stripes charged with an uncoiled rattlesnake and the motto “Dont Tread on Me”; this tradition dates at least back to 1880, when this design appeared in a color plate in Admiral George Henry Preble’s influential History of the Flag of the United States. Recent scholarship, however, has demonstrated that this inferred design never actually existed but “was a 19th-century mistake based on an erroneous 1776 engraving”.

In 1778, John Adams and Benjamin Franklin wrote a letter to the Ambassador of the Kingdom of Sicily, thanking him for allowing entry of American ships into Sicilian ports. The letter describes the American flag according to the 1777 Flag Resolution, but also describes a flag of “South Carolina, a rattlesnake, in the middle of the thirteen stripes.”

The rattlesnake had long been a symbol of resistance to the British in Colonial America. The phrase “Don’t tread on me” was coined during the American Revolutionary War, a variant perhaps of the snake severed in segments labelled with the names of the colonies and the legend “Join, or Die” which had appeared first in Benjamin Franklin’s Pennsylvania Gazette in 1754, as a political cartoon reflecting on the Albany Congress.

The rattlesnake (specifically, the Timber Rattlesnake) is especially significant and symbolic to the American Revolution. The rattle has thirteen layers, signifying the original Thirteen Colonies. And, the snake does not strike until provoked, a quality echoed by the phrase “Don’t tread on me.” For more on the origin of the rattlesnake emblem, see the Gadsden flag.

Like other snake flags, the Navy Jack has been used as a sign of protest. Opponents to a smoking ban in Franklin, Indiana fly Navy Jacks outside their homes and businesses.

Source: Wikipedia.com

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

CBO Predicts U.S. Recession in 2013 Unless Serious Action Taken

By Beckett Adams | From TheBlaze.com | On Wednesday, May 23rd, 2012

A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession by 2013.

The Congressional Budget Office (CBO), a nonpartisan agency of Congress that produces economic analysis and estimates of the cost of legislation, report says that the economy will shrink by 1.3 percent in the first half of next year if the government is allowed to fall off this so-called “fiscal cliff” on Jan. 1 — and that the higher tax rates and more than $100 billion in automatic cuts to the Pentagon and domestic agencies are kept in place.

There‘s common agreement that lawmakers will act either late this year or early next year to head off the dramatic shift in the government’s financial situation. But if they were left in place, CBO says it would wring hundreds of billions of dollars from the budget deficit that would “represent an additional drag on the weak economic expansion.”

CBO projected that the economy would contract by 1.3 percent in the first half of 2013, which would meet the traditional definition of a recession, which is when the economy shrinks for two consecutive quarters.

“Given the pattern of past recessions as identified by the National Bureau of Economic Research, such a contraction in output in the first half of 2013 would probably be judged to be a recession,” the report states.

As most Blaze readers know, a recession is technically defined as “two economic quarters of negative economic growth,” as The Hill puts it.

The economy would rebound at a 2.3 percent growth rate in the second half of the year, however, under CBO projections.

At issue is the full expiration of two rounds of major tax cuts enacted during the Bush administration and automatic spending cuts on the Pentagon and domestic programs that are scheduled to take effect as punishment for the failure of last year’s deficit “supercommittee” [remember that?] to produce a deficit-cutting agreement last year.

Fiscal Cliff: CBO Predicts Recession in 2013 Unless Serious Action Taken

Last summer’s debt and budget agreement imposed almost $1 trillion in cuts to agency budgets over the coming decade and required automatic cuts — dubbed a sequester in Washington-speak — of another $1 trillion or so over the coming decade.

The CBO study came as Capitol Hill is hopelessly gridlocked over spending and taxes with one side accusing the other of economic sabotage. The White House and top Democrats like Senate Majority Leader Harry Reid of Nevada say they will refuse to act on the expiring tax cuts and automatic spending cuts unless Republicans show greater flexibility on raising taxes.

“If Republicans want to walk away from the bipartisan spending cuts agreed to last August, they will have to work with Democrats to replace them with a balanced deficit reduction package that asks millionaires to pay their fair share,” Sen. Reid said in a statement.

Republicans are pressing to deal with the problem now. But they’re not showing any more flexibility on tax increases.

Speaker of the House John Boehner (R-OH) criticized President Obama for failing to focus on long-term economic solutions.

“The president lost his courage, and the country lost its gold-plated triple-A credit rating for the first time,” Boehner wrote. “Since then, the president has been in campaign mode — playing small ball at a time when we need to address big challenges.”

Meanwhile, the White House defends its decision to focus more on things like gay marriage and free contraception and says Congress should simply adopt the president’s budget.

Fiscal Cliff: CBO Predicts Recession in 2013 Unless Serious Action Taken“You can call this a fiscal cliff. You can call it Taxmageddon as others have done,” said Sen. Orrin Hatch, R-Utah. “Whatever you call it, it will be a disaster for the middle class. And it will be a disaster for the small businesses that will be the engine of our economic recovery.”

The results of the elections will have a lot to do with the ultimate solution, but several top lawmakers predict the current Congress will punt the issue into 2013 for the newly-elected Congress and whoever occupies the White House to deal with.

“CBO observes that simply extending all of our current tax and spending policies will produce unsustainable deficits and debt, which will also send the economy into decline,” said Rep. Chris Van Hollen, D-Md., the top Democrat on the Budget Committee. “We need to act and we must do so in a balanced way.”

The Associated Press contributed to this report.

The original article was posted at http://www.theblaze.com/stories/fiscal-cliff-cbo-predicts-recession-in-2013-unless-serious-action-taken/

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Now Available: RS 72 Hour Disaster Kits!

Radical Survivalism is pleased to announce the availability of our new tactical 72 Hour Disaster Kits featuring high-quality, easy-to-conceal camouflage backpacks for virtually any environment. These are large packs with tons of supplies packed inside, and room to spare for additional items so you can own the ultimate customized disaster pack.

The pack itself was chosen by Radical Survivalism’s Executive Editor RSOPerator for its superb balance of features, quality and price. The pack features a large 45 liter capacity (25″ x 13″ x 12″), heavily padded hip belt, adjustable padded shoulder straps, high-quality zippers, water repellant tactical polyester shell material, Molle attachments on the top flap, and heavy duty cinching straps throughout.

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Pack Color

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About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Fukushima Reactor 4 Poses Massive Global Risk

By Andy Johnson | From CTVNews.ca | On Saturday May 19, 2012

Cranes stand around tsunami-crippled four reactors, from left, Unit 1 to Unit 4, at Fukushima Dadi-ichi nuclear power plant in Okuma, Fukushima Prefecture, Japan Sunday, March 11, 2012. (AP /Kyodo News)

Cranes stand around tsunami-crippled four reactors, from left, Unit 1 to Unit 4, at Fukushima Dadi-ichi nuclear power plant in Okuma, Fukushima Prefecture, Japan Sunday, March 11, 2012. (AP /Kyodo News)

More than a year after a devastating earthquake and tsunami triggered a massive nuclear disaster, experts are warning that Japan isn’t out of the woods yet and the worst nuclear storm the world has ever seen could be just one earthquake away from reality.

The troubled Reactor 4 at the Fukushima Daiichi nuclear plant is at the centre of this potential catastrophe.

Reactor 4 — and to a lesser extent Reactor 3 — still hold large quantities of cooling waters surrounding spent nuclear fuel, all bound by a fragile concrete pool located 30 metres above the ground, and exposed to the elements.

A magnitude 7 or 7.5 earthquake would likely fracture that pool, and disaster would ensue, says Arnie Gundersen, a nuclear engineer with Fairewinds Energy Education who has visited the site.

The 1,535 spent fuel rods would become exposed to the air and would likely catch fire, with the most-recently added fuel rods igniting first.

The incredible heat generated from that blaze, Gundersen said, could then ignite the older fuel in the cooling pool, causing a massive oxygen-eating radiological fire that could not be extinguished with water.

“So the fear is the newest fuel could begin to burn and then we’d have a conflagration of the whole pool because it would become hotter and hotter. The health consequences of that are beyond where science has ever gone before,” Gundersen told CTVNews.ca in an interview from his home in Vermont.

Worst-case scenario

“There are a couple of possible outcomes”, Gundersen said.

Highly radioactive cesium and strontium isotopes would likely go airborne and “volatilize” — turning into a vapour that could move with the wind, potentially travelling thousands of kilometres from the source.

The size of those particles would determine whether they remained in Japan, or made their way to the rest of Asia and other continents.

“And here’s where there’s no science because no one’s ever dared to attempt the experiment,” Gundersen said. “If it flies far enough it goes around the world, if the particles stay a little bigger, they settle in Japan. Either is awful.”

Essentially, he said, Japan is sitting on a ticking time bomb.

The damaged Reactor 4 cooling pool was reinforced by workers who went in and “jury-rigged” it after the tsunami, but the structure still contains a massive amount of fuel, Gundersen said.

Reactor 3 has less fuel inside its cooling pool, but it has not been strengthened since the disaster and poses a greater risk of failing.

“Reactor 3 has a little less consequences but a little more risk, and Reactor 4 has more consequences but…a little less risk,” he said.

Finding a fix

The solution, Gundersen said, is for the Tokyo Electric Power Company (TEPCO) to immediately begin the process of transferring the fuel rods from the cooling pools to dry cask storage — a massive and costly endeavour, but one he said is absolutely essential.

To even begin the removal process at Reactor 4, TEPCO would first have to construct a crane capable of lifting the 100-tonne fuel rod canister, since the original crane was destroyed in the disaster last year.

In order to do that, they would have to build a massive structure around the existing pool to support the new crane, which would then be used to lift the fuel rod canister from the water, down to the ground and into a steel and concrete dry-cask.

All this of course, has to be done in a highly contaminated area where workers must wear protective suits and limit their radiation exposure each day, adding time and expense to the process.

Still, with the consequences so high, Gundersen said there’s no time to lose.

“This is a ‘now’ problem, this is not a ‘let’s-wait-until-we-get-the-cash-flow-from-the-Japanese-government’ problem. The consequences of a 7 or 7.5 earthquake don’t happen every day, but we know it happened last year so you have to anticipate that it will happen,” Gundersen said.

‘Fate of the world’ depends on Reactor 4

He’s not alone in pressing the Japanese government to adopt a sense of urgency about the Reactor 4 dilemma.

Robert Alvarez, a former top adviser at the U.S. Department of Energy, also expressed concern in a letter to Akio Matsumura, a Japanese diplomat who has turned his focus to the nuclear calamity.

Matsumura had asked Alvarez about the risk associated with Reactor 4.

“The No. 4 pool is about 100 feet above ground, is structurally damaged and is exposed to the open elements,” Alvarez said in his response. “If an earthquake or other event were to cause this pool to drain this could result in a catastrophic radiological fire involving nearly 10 times the amount of Cesium-137 released by the Chernobyl accident.”

Mitsuhei Murata, Japan’s former ambassador to Switzerland and Senegal, has also made it his mission to convince the UN and the world that urgent action is needed.

“It is no exaggeration to say that the fate of Japan and the whole world depends on No. 4 reactor,” Murata said in a recent letter to UN Secretary-General Ban Ki-moon, in which he urged him to back efforts to address the problem.

Last week, Japanese Prime Minister Yoshihiko Noda said most major threats have been eliminated and “cold shutdown” status had been achieved in December.

But Noda declined to comment directly on the risk posed by Reactor 4, only telling The Wall Street Journal’s Asia edition that it was important to “remain vigilant.”

“We have passed a situation where people have to run far away or evacuate,” he said. “Ahead of us are time-consuming tasks like decontamination and decommissioning (of the plants). We will proceed with the utmost care.”

Gundersen said the remaining challenges at the Fukushima Da-Ichi site are not technological. Everyone knows what needs to be done and how to do it, he said. The challenge lies, rather, in convincing Japan that action must be taken now.

That will require international pressure, as well as international investment, on a grand scale, he said.

“We’re all in a situation of having to pray there’s not an earthquake. And there’s the other half of that, which is pray to God but row toward shore. And Tokyo’s not really rowing toward shore right now,” Gundersen said.

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Jim Cramer Predicts Run On Banks In Spain & Italy

By Erica Ritz | From The Blaze.com | On May 20th, 2012

Jim Cramer, a former hedge fund manager and the host of CNBC’s Mad Money, was on Meet the Press with David Gregory this morning where the two discussed Europe’s economic woes and the worldwide ramifications of the disaster.

“I’m predicting bank runs [in] Spain and Italy within the next few weeks.  Without a coordinated policy, there is going to be financial anarchy in Europe and [it's] going to cause a slowdown worldwide, China and here.”

Watch the interaction, below:

Just a few days ago, Cramer was discussing the run on Greek banks and how it would become a “slippery slope.”

“This is not Argentina and Brazil in the 80′s,” he said, “these are big countries.”

The Street TV, which conducted the interview, summarized: “Our Banks Can’t Outrun European Banks.”

This article was originally posted at http://www.theblaze.com/stories/financial-anarchy-jim-cramer-predicts-a-run-on-banks-in-spain-and-italy-within-weeks/

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Greek Bank Run Showing More Signs As Greece Citizens Line Up At ATMs

By Allan Soldner | From Z6Mag.com | On May 15th, 2012

Greek Bank RunIt was confirmed by the President of Greece, “that the strength of banks is very weak right now.” Multiple reports including the President of Greece has reported that on Monday alone nearly $898 Million or €700 million Euros were withdrawn from Greek banks.

The tipping for for a Greek Bank Run has picked up steam as the news spreads across the world. As soon as the news started spreading to other news publications which started with the Wall Street Journal’s report, “Greek Depositors Withdrew $898 Million From Banks Monday” markets started to fall.

On top of the JP Morgan Chase & Company drama that has unfolded with the $2 billion in losses the

Greek run on banks seemed to fuel the loss of any positive territory the DOW, S&P 500 or NASDAQ had at the closing bell. The DOW ended down -63.35, the S&P 500 down -7.69 and the NASDAQ down -8.82.

The stock market in the US and the precious metals market fell nearly in sync. Gold bullion prices and Silver Bullion prices fell fairly significant amounts in lockstep with the drops of the US Stock market. Gold price was down $17.20 today ending at $1.545.30 at 5pm EDT and Silver price was down .65 cents today ending at $27.77 an ounce.

Other pressures on the market was the euro tumbling to four month lows when compared to the US Dollar which in turn had the same effect on precious metals pricing. What everyone is holding their breath trying to figure out is whether the Greek bank run will continue and erode the total deposits held by Greece’s Central Bank of €165.36 billion reported in March 2012.

A report from Tyler Durden at ZeroHedge.com asked the same question in a post called, “Has the Greek Bank Run Started?” On that post while mentioning the withdrawal numbers from Greek bank accounts there are also pictures that are shown there of citizens of Greece lining up at ATMs. ATM lines are often the hysteria that starts the ball rolling even worse in any bank run because people walking by start asking if they should be doing the same. We’re sharing pictures of those Greek ATM lines below.

The original article was posted at http://z6mag.com/business/greek-bank-run-showing-more-signs-as-greece-citizens-line-up-at-atms-169333.html

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.

Flags Of Our Forefathers: The Culpeper Minutemen

The Culpeper Minutemen Flag

The Culpeper Minutemen Flag

The Culpeper Minutemen was a militia group formed in 1775 in the district around Culpeper, Virginia. Like minutemen in other British colonies, the men drilled in military tactics and trained to respond to emergencies “at a minute’s notice.”

The Culpeper Minutemen were organized on 17 July 1775 in the district created by the Third Virginia Convention consisting of the counties of Orange, Fauquier and Culpeper. Recruitment began in September 1775 with four companies of 50 men from Fauquier and Culpeper counties each and two companies of 50 men from Orange county. The District Committee of Safety determined that the militia was to meet under a large oak tree in “Clayton’s old field” on the Catalpa estate near today’s Yowell Meadow Park in Culpeper, Virginia.

The Culpeper minutemen fought for the patriot side in the first year of the American Revolution, and are remembered for their company flag: a white banner featuring a rattlesnake, sporting the phrases “Liberty or Death” and “Don’t Tread on Me”. At the time, Culpeper was considered frontier territory, In October 1775, the minutemen were sent to Hampton in response to British ships attempting to land. The riflemen were able to effectively shoot the men manning the ships cannons, and the fleet eventually sailed away.

In 1860, the Culpeper Minutemen were formed under the same oak tree where the 1775 Minutemen had organized. They also carried the same rattlesnake flag. The unit was mustered into the Company B, 13th Infantry Confederate and fought in several battles.

According to the Museum of Culpeper History, the Minutemen were again organized for the Spanish-American War, but were never activated for duty. The Culpeper Minutemen were again organized for World War I, and joined the 116th Infantry.

PG
About The Author: RSOPerator is the co-founder & Executive Editor of Radical Survivalism Webzine.