COPYRIGHT (C) 1989 by Live Free, Inc., Chicago, IL. All rights reserved. Excerpts from the MAY, 1989 issue of DIRECTIONS: A MAGAZINE FOR THE SURVIVALIST. If you enjoy the articles below, you'll LOVE each issue of DIRECTIONS. Each issue has 12 pages of information on self-sufficiency and survival. For information on subscribing to this newsletter and/or becoming a member of Live Free, see notice at the end of this document. DIRECTIONS is published by Live Free, Inc., 11123 St. Lawrence Ave., Chicago, IL 60628. Live Free is a nonprofit, tax-deductible corporation. All general correspondence and subscription information should be directed to: Live Free, P. O. Box 1743, Harvey, IL 60426. LIVE FREE DUES are $15 for an annual individual membership ($20 for annual overseas) and $80 for a life individual membership. MEMBERSHIP MAILING LISTS are held COMPLETELY CONFIDENTIAL and are NOT made available to anyone at any time for any price. 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JONES managing editor DUNCAN LONG production and mailing MARIE JONES THE ECONOMIC DOMINO EFFECT BY G. MILLER The economies of the world are intertwined. Countries do business with other nations; companies do business with other businesses. When one goes bankrupt, it effects the others. This is what I call the "economic domino effect." Banks--particularly American banks--have loaned billions of dollars to Third World countries, which have no means to repay the banks. In pursuit of higher profits for the banks, their greed robbed America of working capital and bankrupt by loaning to bankrupt countries that couldn't pay their loans back. At the same time, savings and loan institutions diversifying into over-build and unprofitable commercial building loans are also in trouble. Because of a change in the 1986 tax reform law, these tax shelters that the banks financed are going bankrupt, dragging the loan institutions down with them. Forty-eight of all savings and loan institutions are insolvent according to recent reports! The industrial base of the US is being undermined by plant closings, foreign goods, and leverage buy outs. American companies are becoming shells, producing more of their products overseas or in Mexico at slave-labor rates, while closing or curtailing their American plants. Levered buy-outs of healthy companies are making them sick with massive debt. In the past during an economic downturn, these companies have just not declared a dividend. But now, they could go bankrupt if they don't pay their interest on their junk bonds. Congress is looking right now at those interest deductions on junk bonds. With the stock market fueled not by economic growth or dividends, but by speculators, the crash of October 1987 could be only a minor correction by comparison to what's ahead. With a 20 percent real growth in the economy since 1982, the stock market today should be at only 950, not in the 2,000s. Who is investing in these buyouts? Primarily, other companies, purchasing from their pension funds. When these junk bonds they buy are worthless, they will have to (by US law) fund their losses when the least can afford to, creating more "domino effects." Japanese banks have invested also, creating the potential for a second wave of bank crises. An economic downturn, fueled by higher inflation, would cause higher interest rates. With our country saddled by massive debt, oil prices going up to repay debts, junk bonds becoming worthless, and consumer debt at an all-time high, we could slide into a depression like we had in the 1930s. Japan, much of Europe, and many Third World countries would be hurt far greater than the US during such a depression since we can feed ourselves. Trade wars will develop to protect what's left of domestic industries, causing world tensions to grow and domino. Right now, the European Common Market has banned US beef, Japan has banned rice from the US, and we have put tariffs on their products. Where will it all end? Wars start because of economics, not because a mad man pressed a button. (Recommended reading: SURVIVING THE GREAT DEPRESSION OF 1990 by Dr. Ravi Batra; Simon and Schuster Books.) CLASSIFIED AD RATES: 20 cents per word; $5 minimum. No billing. DISPLAY AD RATES: full page ads: $150; |-page, $75; 2/3 page, $100; 1/3 page, $50; 1/6 page, $25; and 1/12, $12. Ads run in two consecutive editions will get third ad free. Advertisers who give 10% discounts to Live Free members will receive 10% discount on ads. DIRECTIONS reserves the right to refuse advertising that is inappropriate. CLASSIFIED ADS LOW-COST SHELTERS and simple comforts easily improvised anywhere: city, farm, mountains, traveling. Photocopies plans 10 cents and up or 95 pages on microfiche, $1 postpaid. Send SASE for catalog. Light Living Library, POB 190-DR, Philomath, OR 97370. SURVIVAL COMMUNICATIONS and ENERGY INDEPENDENCE newsletter: Our purpose is to teach both of these fields to survivalists. We review and advertise equipment, give many hands-on tips, review books, have a Q&A column an a classified ads section. EMP up dates as well as special feature articles on radios, accessories, solar panels, wind and hydro- sources, batteries, and the whole 12-volt life style are covered. Special emphasis on ham radio and the latest energy equipment available. SAMPLE issues are $3; a subscription is $18. Cash or money order preferred. The Light Spectrum, Box 215-Ds, Kootenai, ID 83840. SOLAR MODULES for 12-volt battery charging: SOVONICS #P-201 is a 23-watt module, charging at 1.4 amp/hours. Portable, unbreakable design, $170 + 6 UPS each. ARCO #M-75 is a 47-watt module, charging at 3 amp/hours. Good for fixed arrays, large or small, $315 + 8 UPS. Cash or money orders preferred, quantity discounts and other 12 volt equipment available. Full info packet $3 cash. Include phone number if you have detailed questions. LIGHT SPECTRUM, Box 215-Ds, Kootenai, ID 83840. AUSTRALASIAN SURVIVOR--Australia's own survival magazine. Six issues per year, 48+ pages: $18.00. US Sea Mail. AUSTRALASIAN SURVIVOR, P. O. Box 11, Dickson A.C.T. 2602 AUSTRALIA. LOWEST PRICE: NUCLEAR WAR SURVIVAL SKILLS, second edition, by Cresson Kearny. The best book available on making and living in expedited fallout/blast shelters with related information. NOW REDUCED to $7.00 post paid. Send payment to Live Free, c/o K. Sarabok, P. O. Box 33399, Dayton, OH 45433-0399. FREE CATALOG--Survival books, concealed weapons, shoulder bags. Send #10 SASE to: All Source Systems, P. O. Box 596--DD, Morton WA 98356. THE WOMAN SURVIVALIST BY CAROL ARMSTRONG Hello ladies: I'm back again with another article on survival. This time, I'll be writing about items, other than food and clothing, to keep in your shelter. (There will be an article on food and clothing storage in future issues.) If you are going to be confined for a period of time, it is important to keep your spirits up. Keep make-up, perfume, nail polish and toiletries in your shelter. You do not have to go out on the town to put on make-up. When you want to feel good, get yourself prettied up for your husband. Believe me, he will greatly appreciate the idea and it will make you feel better, too. Ladies, don't let your husband pack your shelter without consulting you. There are some things that only you as a woman would think about needing (for example, deodorant, hand soap, tampons or pads, shampoo, and even toilet paper.) Put in some items that you as a woman would want, but remember your space will be limited. Other items you would probably need are bed linens and blankets, wash cloths and towels, silverware and plates (these could be plastic or paper), and pots and pans. With these items, you'll need dish washing liquids and detergents, but to cut dow on expense and space, use detergent to clean your dishes. (It works, I've used it myself.) Well, I hope this article got you thinking about other items to keep in your shelter. If you have any ideas or suggestions on what I should write about or research, drop me a line at: LFI- OHIO, P. O. Box 553, Lakeview, OH 43331. * * * * * On May 13th and 14th, OPERATION NEW PIONEER will be held at Tippecanoe State Park. These operations are good opportunities for us women to get involved. I have personally been to three of these and they really are fun and informative. You have a cabin with a cot so you do not have to sleep on the ground. The weather should be good (May is not a hot or cold month). The scenery is beautiful and you can see some deer as well as other animals. I have not missed once in seeing several deer --and are they pretty. They let you get close before running off, so bring your camera for some great pictures. This operation being called NEW PIONEER mean you will learn how to do things the way they did before the modern conveniences were around. These things will be good to know for, in a disaster situation, most of the modern conveniences will not be available. The activities planned for Saturday and Sunday should be interesting. Dr. Forgey, who has written several books (the latest on Hypothermia) will be the guest speaker. Come just to hear him speak if you're needing a reason. So... Come on, ladies. Now is the time to get involved. Give it a try, you will not be disappointed. Also in the May, 1989 issue of DIRECTIONS: Anti-Car theft article How to get and use water in a disaster Hints on getting a new job Plus more....