Avalanche Lily spotted this: Report Card on Obama’s First Two Years. Those commodity inflation numbers look very troubling. What we are now witnessing is not so much commodities going up as it is the U.S. Dollar going down in purchasing power. If you haven’t done so already, then start shifting out of Dollar-denominated investments and into tangibles! Don’t overlook buying long term storage foods as both a hedge on inflation, and as a survival reserve for your family for times of scarcity.
Analyst Warns of 2015 Bank Crisis Amid ‘Upbeat’ Davos. “The fundamentals haven’t been addressed at all,” Wilkinson, a London-based partner at consulting firm Oliver Wyman, said in an interview at the Hotel Morosani Schweizerhof. “The things that caused the previous crisis — loose monetary policy and trade imbalances — they’re actually bigger now than they were then.”
B.B. sent us the link to the latest from the NIA: Americans Will Flock Into $5,000 Gold and $500 Silver
Our friends in Appenzell, Switzerland at The Daily Bell posted this: Central Banks Now Creating Hyperinflation?
Items from The Economatrix:
Bernanke Warns of Catastrophe if Debt Limit Not Raised
Egypt Diverts Media Attention From US Economy
GOP Plan Would Let States Go Bankrupt; Prospect Rocks Bond Market