Economics and Investing:

James Wesley Rawles June 30, 2012 June 30, 2012

Why A Debt Based Financial System Will Always Fail In The Long Run

Paulette recommended a “must read” piece by Jim Willie that relates to derivatives and monetization (a.k.a. “quantitative easing”): Outline on Collapse End Game

Tom K. spotted this: Massive Celtic coins hoard found on Jersey. The story disingenuously ends with this statement: “The finders and the landowner have said that they want the hoard to go to the island and be put on display for the people of Jersey to enjoy.” They sound oh-so philanthropic and egalitarian. What the article doesn’t mention is that they don’t have any choice. Under the modern UK law, buried precious metal treasure troves do not belong to landowners or the finders–they belong to the government.

Items from The Economatrix:

Derivatives: Bank Downgrades Trigger Billions In Collateral Calls

Proposed Banking Regulations Would Drive Gold Prices Higher

The contagion of the European Union and banking debt – 20 European Banks have liabilities above 50 percent of their home country GDP

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James Wesley, Rawles (JWR) is Founder and Senior Editor of SurvivalBlog, the original prepping /survival blog for when the Schumer Hits The Fan (SHTF). He began SurvivalBlog in 2005. It now reaches more than 320,000 unique visitors weekly.
JWR is a journalist, technical writer, and novelist. His survivalist novel Patriots: Surviving the Coming Collapse, is a modern classic that reached #3 on the New York Times bestsellers list. Two of his other novels have also been best New York Times bestsellers.
Jim is the originator of the American Redoubt movement and a frequent talk show and podcast guest. He is also a retreat consultant specializing in off-grid living, rural relocation, and survival preparedness.