Episode-508- Call In Friday 9-10-10 — 14 Comments

  1. Jack, whats up with this southern drawl you are starting to form. Reminds me of Peter Jennings when station in London for a year he started talking like a brit. Anyway great show as always. I have been listening from the late 200’s.

    Good work.

  2. Ditto on what John Snider just asked. Beyond allergy and congestion issues, you were coming and going with a heavy southern drawl. I heard this once before and I thought you had a guest host!

  3. Great show Jack.. I chuckled with your last point because I have one of those neighbors — and I think about it every time I look across the street… what’s going to happen to them when TSHTF? I’m trying not to reinforce that negative behavior, but having to do a lot of corrective work since I naively started out wrong with them, thinking that their emergencies were real and trying to be the good neighbor. Just having to practice a bit of ‘tough love’ and explain that I’m not going to leave my babies sleeping in bed to come change the batteries in a TV remote control at 10:30PM.. or make a mad dash to the pharmacy before they close for medications that weren’t picked up only to discover that it was a stool softener.. :/

    Thanks again- Peter Schiff always brings a sobering message.

  4. Use for apples: applesauce! Great to eat by itself and can be a substitute for oil in baking. You can generally add sweeteners to make it more palatable.

  5. Ahhh…after reading that string on the forum “that esplains it…”

    Thanks, Jack, for all you do. The wife and I love your podcasts!

  6. That last audio clip should scare the devil out of everyone. The federal government is not going to reverse course. In fact, it is too late. Jack, thanks for opening my eyes. I am preparing for the disaster that is to come.

  7. Your response re: having a “sacrificial” gun or two- doesn’t the gov’t already know what type and quantity one owns as a result of gun registration?

    Thank you for the shows.

  8. @John, No there is no federal gun registration, not now, never has been and god forbid the day there is such a thing. The only thing there is, is form 4473.

    The Form 4473 contains name, address, date of birth, government-issued photo ID, National Instant Criminal Background Check System (NICS) background check transaction number, make/model/serial number of the firearm, and a short federal affidavit stating that the purchaser is eligible to purchase firearms under federal law. Lying on this form is a felony and can be punished by up to five years in prison in addition to fines, even if the transaction is simply denied by the NICS.

    The dealer also records all information from the Form 4473 into their “bound-book”. A dealer must keep this log the entire time they are in business and is required to surrender the log to the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) upon retirement from the firearms business. The ATF is allowed to inspect, as well as request a copy of the Form 4473 from the dealer during the course of a criminal investigation. In addition, the sale of two or more handguns to a person in a five day period must be reported to ATF on Form 3310.4.

    If a person purchases a firearm from a PRIVATE INDIVIDUAL who is NOT a licensed dealer, the purchaser is NOT required in most states to complete a Form 4473, though SOME STATES force individual sellers to sell through dealers.

    These forms are given the same status as a tax return under the Privacy Act of 1974 and cannot be disclosed by the government to private parties or other government officials except in accordance with the Privacy Act. Individual dealers possessing a copy of the form are not subject to the Privacy Act’s restrictions on disclosure. Dealers are required to maintain completed forms for 20 years in the case of completed sales and 5 years where the sale was denied by the NICS check coming back disapproved or other disqualifying information.

  9. Thanks for the info on generators, Jack. Like you I’ve been a fan of Peter Schiff and Gerald Celente for some time. I’ve also been following the peak oil arguments. Here’s the problem I see coming with a 2012 bubble that you mentioned: Both the IEA and United States Military seed an oil crisis emerging over the next several years. While the IEA sees a natural gas glut they see an oil shortfall. Here’s a link to a recent IEA discussion

    And here’s a link to the United States Joint Forces Command: U.S. JOINT OPERATING ENVIRONMENT REPORT 2010

    Here’s the relevant quote from the JOE 2010:
    “A severe energy crunch is inevitable without a massive expansion of production and refining capacity. While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India. At best, it would lead to periods of harsh economic adjustment. To what extent conservation measures, investments in alternative energy production, and efforts to expand petroleum production from tar sands and shale would mitigate such a period of adjustment is difficult to predict. One should not forget that the Great Depression spawned a number of totalitarian regimes that sought economic prosperity for their nations by ruthless conquest…By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day.”

    To put a 10 million barrel shortfall into perspective, according to the EIA the US auto fleet uses about 9 million barrels of oil per day for gasoline needs and about 4 million for both diesel and home fuel oil (see right side of page):

    Basically, then, having spare capacity gone within 2 years would drive up oil prices preventing any recovery. And 10M shortfall by 2015, to use an analogy, would be like have every roadway in the US vacant of cars.

  10. BTW, Jack, I’m also a fan of and caught the interview with you, Jim, and Cody. I emailed that interview to friends of mine.

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