Here is the error I get:
sergio@sergio-VirtualBox:~/blog$ rake db:create
rake aborted!
Could not find a JavaScript runtime. See https://github.com/sstephenson/ex
Ruby itself doesn't require a JS runtime, but a default new Rails application does.
There's a file called Gemfile in your main application directory (i.e. per Rails project) which is a list of gems required for your project that you can install using bundle install.
Adding the line gem 'therubyracer' and then bundle install will install the ruby racer JS runtime, which I've found to be the simplest if you're on a 64bit OS.
You can find more information about your Gemfile at the Bundler site.