InyoKern flagged this piece about Mexico from The Oil Drum. InyoKern’s notes: “The graphs in the comments section are nails in the coffin, too. Have a look and read the comments. Its rather nauseating because its [coming] so soon. We thought we’d have a year or two before things got weird there, yet conditions for collapse in Mexico are getting pre-emptive. “
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Charles G. sent us this: Manhattan [New York City] parking spot going for $225,000. Charles comments: “Note the 3rd to last paragraph: ‘Some people are buying parking spots even if they don’t own cars, but instead buy the spaces as investments, renting them out to cover their costs.’ I remember Robin Williams once saying that “A cocaine habit is God’s way of telling you that you have too much money.” What should we make of this, I wonder? We have the most distorted economy in recorded human history, don’t we?”
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Some stark ranching economics: Central Utah cattlemen worry about how to feed livestock now that fire has ravaged the range
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I note that spot silver has bounced back above $13 per ounce, just as I predicted. I hope that some of you are buying on the dips, as I’ve suggested . Those of you that bought silver when I pointed out that it was a bargain when it touched $4.25 per ounce have made a pile of money. Even those of you that bought silver when I mentioned silver was $7, $8, and $9 per ounce have made handsome profits. But here is a news flash for you. We are still witnessing the opening phase of a bull market that will propel silver past $50 per ounce. Now that silver is $13 per ounce, don’t feel that you’ve “missed the boat.” Just buy on the next dip, and stay for the long haul. Someday, you’ll be glad that you did.