The Daily Web Log for Prepared Individuals Living in Uncertain Times.
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5 Comments
I just keep seeing the market as gambling.There has been so little to support the numbers.For those who disagree.Look at the fake unemployment numbers that we have had for years.Every person who stops receiving unemployment is considered”employed”
Our debt is my biggest worry.Of course, our representatives continue to spend more. I am speaking to the choir when I say to be prepared.
http://www.srsroccoreoort.com makes a great argument that the shale boom is a scam. Read down through his past articles on the subject. He is also a supporter of gold and silver.
As for our current markets, we’re seeing a lot of positive news via moves by the Trump administration. I wouldn’t be surprised if we have another few months of gains before a correction. I’m certainly seeing it in my company stock – cutting the corporate tax rate is forcing a lot of companies to examine their growth and hiring.
I actually have a short placed on silver at this time (thicker symbol DSLV). The reason: It’s currently hitting it’s head once again on its 50-month moving average. Is this where Deutche Bank manipulates its price? Maybe. All I know is that every time it hits its head on that line, it comes back down.
However, this is the season for gold and silver. If it breaks above the 50-month (something that hasn’t happened in years), then I was wrong and something is definitely going on with silver.
Shale is real. Yesterday, I listened to an archived World War II radio program which assured the public that if oil supplies for America faltered, oil shale would easily make up the difference. It also recounted the history of oil shale back to about 1840. The program noted that shale oil was more expensive than oil prices at the time (1943 or 1944), but if prices rose enough, and they certainly have since then, the price of shale oil would male it feasible for production.
Another idiot light just came on for the U.S. dollar. China has downgraded the U.S. credit rating and is warning against “insolvency”. Since they hold over a trillion dollars of our debt and are furiously working to collapse the petrodollar, is this one of the pre-Crunch warning sirens?
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I just keep seeing the market as gambling.There has been so little to support the numbers.For those who disagree.Look at the fake unemployment numbers that we have had for years.Every person who stops receiving unemployment is considered”employed”
Our debt is my biggest worry.Of course, our representatives continue to spend more. I am speaking to the choir when I say to be prepared.
http://www.srsroccoreoort.com makes a great argument that the shale boom is a scam. Read down through his past articles on the subject. He is also a supporter of gold and silver.
As for our current markets, we’re seeing a lot of positive news via moves by the Trump administration. I wouldn’t be surprised if we have another few months of gains before a correction. I’m certainly seeing it in my company stock – cutting the corporate tax rate is forcing a lot of companies to examine their growth and hiring.
I actually have a short placed on silver at this time (thicker symbol DSLV). The reason: It’s currently hitting it’s head once again on its 50-month moving average. Is this where Deutche Bank manipulates its price? Maybe. All I know is that every time it hits its head on that line, it comes back down.
However, this is the season for gold and silver. If it breaks above the 50-month (something that hasn’t happened in years), then I was wrong and something is definitely going on with silver.
Shale is real. Yesterday, I listened to an archived World War II radio program which assured the public that if oil supplies for America faltered, oil shale would easily make up the difference. It also recounted the history of oil shale back to about 1840. The program noted that shale oil was more expensive than oil prices at the time (1943 or 1944), but if prices rose enough, and they certainly have since then, the price of shale oil would male it feasible for production.
Another idiot light just came on for the U.S. dollar. China has downgraded the U.S. credit rating and is warning against “insolvency”. Since they hold over a trillion dollars of our debt and are furiously working to collapse the petrodollar, is this one of the pre-Crunch warning sirens?
https://www.zerohedge.com/news/2018-01-16/china-downgrades-us-credit-rating-bbb-warns-us-insolvency-would-detonate-next