I’ve decided to end BHM’s Lifetime Subscription in light of the looming inflationary depression facing America. Only a few months ago we raised the price of a Lifetime Subscription from $500 to $600, but I think the inflation that is bound to take place during the next few years makes the offer a risky gamble for BHM.

We’ll accept any Lifetime Subs until publication of the next next issue (Jan/Feb 2008), when we’ll officially announce its termination. In the same issue, I also plan to suspend 4 and 5-year subscription offers, offering only 1, 2, and 3-year subscriptions.

It is only prudent for BHM, I think, that we offer products we can profitably service in the future. Our current number of lifetime subscribers is about 230. I don’t think it’s wise to go more than about 500. Also, the 4 and 5-year subscriptions could become a problem if inflation really takes off. As the economy settles down, I will offer these subscription options again.

This is part of my response to the passage by Congress of the $850 billion bailout package for Wall Street. As we are all part of the American economy, I think most small businesses will adopt options similar to what I am now implementing. The next several issues of BHM will encourage readers to prepare themselves along the lines I am preparing BHM.

Without firing a shot, the socialists took over America today when Congress passed the $850 billion bailout package. Most Americans slept through it all and probably won’t realize what happened for years.

Backwoods Home Magazine will, ironically, benefit because Americans are going to have to be more self-reliant than ever. The magazine has just become the best buy in town when it comes to Americans spending their soon-to-be scarce dollars. I didn’t want to get rich this way, but I guess it doesn’t really matter. The all powerful Government will soon tax most of it away anyway and we’ll all be working for pennies.

But what the heck! Wall Street and the banks will be making money, right. At least for six months to a few years. With the Government’s new powers to control what we used to call capitalism, the politicians can float their friends on Wall Street for quite a while. The rest of us, unfortunately, will have to be hunkered down with back issues of BHM trying to figure out how to be more frugal with what money is left over for us.

It’s been fun being a free capitalist all these years. Too bad it had to all end today. Click here to subscribe to BHM so you can prepare for a grimmer future.

Here’s how members of the House of Representatives voted today to pass this nation-changing legislation.