Author: James Wesley Rawles

Reader IJS flagged this: Ron Paul: Obama Will ‘Destroy the Dollar’ Jim Sinclair (of JS Mineset) mentioned this chart posted at Contrary Investor, showing levels of derivatives exposure. Jim Sinclair raises and interesting question: Where does Goldman Sachs actually have the majority of their derivatives plays? And this chart is also illuminating. In the same piece, Sinclair included a link to this: Mobius Says Derivatives, Stimulus to Spark New Crisis. I have been warning folks for years that the derivatives market is like a ticking time bomb! A full-scale derivatives implosion could make the current economic crisis seem trivial, by …

From frequent content contributor GG: Commodities market is the place to be, says Jim Rogers. Rogers describes Ben Bernanke: “He’s an idiot.” Reader HPD mentioned this piece by Robert P. Murphy: Mish Should Ditch His Deflation Fears Who’s getting hit most by layoffs? LA mayor: City will pay costs from Jackson event. How can Los Angeles justify this expense, given their fiscal situation? Struggling Landlords Leaving Repairs Undone GG sent this: Federal tax receipts down 31% in Second Quarter Items from The Economatrix: Brand Name Companies Go Bankrupt Obama Says Unemployment Will Increase for Months How jobless numbers will respond …

My friend “X” in Japan pointed out an article that I overlooked last month: Confiscated US Bonds Were Headed For Swiss Free Port. OBTW, living near a “free port” (as described in the article) might have its advantages in a protracted economic depression. Commerce will slow globally, but port zones will probably continue to have profitable opportunities. Several SurvivalBloggers sent this: June budget gap $94.32 billion, record for June Eight readers mentioned this Wall Street Journal article: The Economy Is Even Worse Than You Think; The average length of unemployment is higher than it’s been since government began tracking the …