- SurvivalBlog.com - https://survivalblog.com -

Economics and Investing:

Thursday’s headlines were full of deep drama economic news, including a market crash in Italy [1] that looked like La fine del mondo come lo conosciamomeowner. Concurrently, the recent drop in silver has widened the silver-to-gold ratio 42.4-to-1. (Meaning: The cost of one ounce of gold currently equals just over 42 ounces of silver.) So this a great time to go to your local coin shop and perform a ratio trade: Ask them to swap your 1-ounce gold coins into bullion silver coins. (For readers in the U.S., pre-1965 mint date 90% silver Quarters are recommended.) Even though you’ll have to pay a dealer’s commission–so you’ll only get about 40 ounces of silver in trade for a Krugerrand–I believe that you will be making a wise move. In fact, I predict that two years from now, when the silver-to-gold ratio has narrowed to 20-to-1 (or lower), you will thank yourself. (Or perhaps thank me, and buy a subscription [2].)

Stock markets tumble amid eurozone fears over Italy and Spain [3].

Reader John T. recommended this by Peter Schiff: Debt Deal is a Blank Check [4]

“The Outlook for Inflation Is Dire”: Peter Tanous [5]

Eric Sprott: The Real Banking Crisis [6]

Italy Under Fire in Widening Euro Debt Crisis [7]

Eurozone Debt Woes Get Messier [8]

Taxed Out New Yorkers Fleeing State [9] (Vote with your feet!)

Threat of Downgrade Still Looms [10]

US Job cuts at 16 Month High [11]

Gold up $50 per oz. Since Monday [12]

Some more articles, courtesy of John R.:

Gross US Debt Surges By $240 Billion Overnight, US Debt to GDP Hits Post World War II High 97.2%, Official Debt Ceiling Increase Only $400 Billion [13]  

License to Debase US Dollar Further Jim Willie [14]   

Bob Chapman: All The World Economies In Trouble One Way Or Another [15]   

Deficit Will Grow While Economy Shrinks [16] (Greg Hunter)

Items from The Economatrix:

Ron Paul Exposes The Deficit “Plan” Lies:  “Cuts Are Illusory, Not From Current Amounts Spent But From Projected Spending Increases” [17]

Wall Street Stocks Drop 2 Percent (over 500 points) On Economic Fears [18]

Dow Plunges 513, Worst Drop Since 2008 [19]

Oil Falls To Lowest Level In Six Months [20]

The Next Leg Of The Housing Bear Market Has Begun [21]

$2,000 For An Ounce Of Gold Seems Like The Only Bet Worth Making [22]

The Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To $1,950 And Higher [23]