Even if they do encrypt it, they will have to be able to decrypt them server side to send you your month old posts. That means the owners are technically capable of also reading all of your posts.
That's not entirely true. If this were purely a web-accessible blog, there's no reason you couldn't encrypt/decrypt this in the client (sending and storing encrypted text). You'd have to throw out email posting in that case though.
I think you're on to something. I look forward to the day when we are shocked by unencrypted private data accessible on the server as we do un-hashed passwords.
There are a number of online password stores where all the information is only decrypted on the client. Nothing new, just not widespread. Can't remember the name.