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Economics and Investing:

Harold Bradley warns: Far More Derivative Exposure Today Than Two Years Ago [1]. He talks about “terrifying” risks.

More about derivatives, and some immediate, huge, repercussions: Tavakoli: Biggest Fraud in the History of the Capital Markets [2]

California budget means lean times for the state – 5 reasons why the California economy will lag for years to come. High paying jobs gone, shadow inventory, state taxes, and re-writing history [3].

Have you noticed that the melt value of a lowly Nickel [4] (U.S. Five Cent piece) is now worth more than 120% of face value? It is not too late to stock up, while they are still readily available in circulation at face value [5].

From The Daily Bell: Doug Casey on the Violence of the Storm, the Destruction of the Middle Class and the Coming Gold Standard [6]

G.G. forwarded this: Three Horrifying Facts About the US Debt “Situation” [7]

Items from The Economatrix:

Chaos Forces US Banks to Halt Repossessions [8]. The buzzword for the foreseeable future will be: Foreclosuregate [9]

“Imbalances” Threaten New Global Meltdown [10]

A Sloppy-Foreclosure Plague Will Destroy America [11]

Wal-Mart Ends Profit Sharing With Employees

US Loses Another 95,000 Jobs in September [12]

IMF: Real Estate Slump Could Last Eight Years [13]

Ambrose Evans-Pritchard: Gold is the Final Refuge Against Universal Currency Debasement [14]