Economics and Investing:

Tech Miracle In U.S. Shale Is A Media Myth. Contrary to popular belief, the technological advances in drilling technology have only brought break-even costs down by 10%; the industry bust has done the rest. o o o Bitcoin in your IRA?. Excerpt: “The IRA LLC allows complete self management of IRA funds, including buying, holding, or even trading bitcoin. With IRA LLC you can keep the bitcoin in cold storage, secure from access or control of anyone except yourself.” o o o The Best And Worst States For Business: 90% Of The Top 10 Voted For Trump; 80% Of The Bottom 10 Voted For Clinton o o o Nine years later, Greece is still in a debt crisis… Excerpt: “Greece has had nine different governments since 2009. At least thirteen austerity measures. Multiple bailouts. Severe capital controls. And a full-out debt restructuring in which creditors accepted a 50% loss. Yet despite all these measures Greece is still in a debt crisis.” o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

One-third of Americans say they’d have trouble coming up with an emergency $2,000 – G.G. HJL’s Comment: That’s incredible when you consider how easy it is to have an emergency that requires $2000– a transmission on a car, a broken leg, even the temporary loss of a job. That means that 1/3 of Americans are one paycheck away from total disaster. o o o Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week – DSV o o o Iconic CA Company Carl’s Jr. Flees ‘Golden State’ for TN. The Republic of Kalifornia is getting closer to the day when it begs the Federal Government for a massive bailout – H.L. o o o Video: Oil Cycle. The yearly cycle low in oil is due this spring, probably in April or early May. Odds are high that oil will drop to below $42 a barrel. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

Trump Market Euphoria Impacts Precious Metals Demand: Plummets In West, Surges In East Excerpt: “There seems to be a percentage of the alternative community that are convinced that Trump will actually put the U.S. back to the way it was in the 1960’s. And that is, back to a manufacturing powerhouse with high-paying jobs. While this would be a wonderful thing to do, the continued disintegration of the global oil industry, just won’t allow it to happen.” o o o More impact from the Fed targeting higher interest rates: Gold Price Strengthens As USD Comes Under Fire o o o The Single Biggest Threat To An OPEC Deal Extension. If OPEC does not agree on an extension to its current production cut deal, Iraq is quite likely to be the central reason behind the failure. o o o U.K. to Trigger Brexit March 29, Starting Two Years of Talks (Warning: Autostart video) More than 40 years after the U.K. joined the EU and nine months since it voted to leave, Britain’s envoy to the bloc, Tim Barrow, informed EU President Donald Tusk on Monday of May’s plan to invoke Article 50 of the Lisbon Treaty, the mechanism for quitting that … Continue reading

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Economics and Investing:

Peter Schiff Show (Audio): Ep. 235: Fed Hikes Rates To Feign Confidence. JWR’s Comment: In my estimation, the Fed’s interest rate changes will probably be driven more by their reaction to President Trump’s policies than they are by inflation data. Never forget that the Federal Reserve is a private banking cartel, NOT a Federal Agency. Interest rate hikes are weapons that can be used by the bankers to counter White House policies that they dislike. o o o Demand for physical gold is collapsing – H.L. HJL’s Comment: Gold price and customer demand are not correlating this time around. It’s important to remember that the price of gold on the markets does not represent physical gold. Paper gold represents the vast majority of market trades, and at some point physical gold will be recognized as valuable while paper gold will not. o o o China’s Crude Oil Production Falls 8% Year Over Year. China’s crude oil production dropped 8 percent year over year in January and February, as high domestic production costs led to increased oil imports. o o o Roughly one third of college students spend their loans on spring break and partying. Excerpts: “There is absolutely value in … Continue reading

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Economics and Investing:

Philadelphia Soda Tax Forces Local University To Hike Student Costs By $400,000 – Reader H.L. HJL’s Comment: Typical of liberal progressives, Philadelphia can’t face the fact that their actions have consequences. More collectivism at work. o o o These US States Entered A Recession In 2016 – Notice that the economies of nearly all of the states presently in recession depend heavily on oil production. Oil makes the world go round, or at least lubricates it. o o o Management doesn’t escape the axe: Remington Laysoff Senior Directors And Management – Link sent in by DSV o o o Wall Street Bullish On Oil Prices Despite Saudi Warnings. The majority of investment banks appear to be unfazed by the recent fall in oil prices, claiming that the outlook for oil over the year is no less bullish. o o o How Central Bankers See Themselves Excerpt: “One of the consequences of living in an unfree world is the aggravating subjection to condescending Official Narratives. It’s not just that our Monetary Saviors get to make money supply and interest rates decisions on our behalf, it’s also that we are being saved from our own over exuberant actions.” o o o SurvivalBlog … Continue reading

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Economics and Investing:

Wall Street Bullish On Oil Prices Despite Saudi Warnings JWR’s Comment: This might be a good time to top off your stored gas, diesel, and home heating oil tanks! o o o Physical precious metals demand is down, in part because of complacency caused by Donald Trump’s election. Another factor is the anticipation of interest rate hikes by the Federal Reserve banking cartel. (This has direct correlation to the futures and spot markets.) My advice: Hold for the long term and continue to buy on the dips. Do not be complacent! The Fed could pull the rug out from under the economy anytime they choose to do so. Maintain a hedge position in precious metals, primarily silver. And remember that your core holding is intended as a long term “hold” for barter, rather than as an in-and-out market timing investment. – JWR o o o Venezuela has a bread shortage. The government has decided bakers are the problem. JWR’s Comment: The socialist government of Venezuela is now so incredibly self-destructive to their nation’s economy that the situation can now only be described as a Death Spiral. It is one of those situations where “Things are going to have to get … Continue reading

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Economics and Investing:

In recognition of the Government’s debasement of the U.S. doller, some states are begining to realize that precious metals are not investments, but act as real money: IT BEGINS…. Idaho & Arizona Pass Bills To Remove “Capital Gains Taxes” On Gold & Silver (SRSrocco Report) o o o Reader H.L. sent in the link to this map that renames American States with the name of the country most closely matching their GDPs. It’s interesting to realize that the U.S. economy is so large that individual states have GDPs larger than many countries. o o o Collapsing pensions will fuel America’s next financial crisis Private pension plans, state and teacher pension plans, union pension plans, and of course, Social Security are all in jeopardy due to unrealistic earnings expectation, poor management of some, too many people retiring and living much longer, and other various factors. The 3 legged retirement stool of a generation or two past (Soc. Sec., Company pension plan and personal retirement savings), is gone! It is up to the individual to save and invest and hope that their investments hold up, plus, get out of all debt well before retirement. No Student Loans, No Credit Card Debt and … Continue reading

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Economics and Investing:

Another casualty of online shopping: Gander Mountain Files Chapter 11 Bankruptcy & Will CLOSE 32 Stores (The Firearm Blog) – T.P. o o o What do these CEOs know that we don’t? (Sovereignman) Excerpt: “My friend’s grandfather once told him that, just prior to the Nazi invasion, the schools in Poland announced they were suspending classes… but only for two weeks, because that’s how long they expected the war to last.” HJL’s Comment: Or in the words of Admiral David Glasgow Farragut (1801-1870) “Damn the torpedoes, full speed ahead!” o o o Gold’s Next Leg Down Targets $1156 (Gold Eagle) o o o How the Fed Convinced Markets It’ll Raise Rates This Week (Bloomberg) While Janet Yellen, Lael Brainard, and crew are talking markets into believing a March hike, SurvivalBlog can’t help but wonder if this is just a continuation of the establishment’s battle against Government reform. o o o G-20 Checks In for Detox as Germany Seeks Backing for Free Trade (Bloomberg) Excerpt: “Currency complaints and the threat of trade wars are making global economic affairs the most toxic they’ve been in years. So the world’s top policy makers are heading for a spa treatment. This weekend in the … Continue reading

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Economics and Investing:

Gold Holds Small Gain After U.S. PPI Up 0.3% During February o o o How Will Gold React To The Next Rate Hike? o o o Fed minutes set stage for rising interest rates in 2017 o o o What’s next with America’s enormous $20T debt? o o o Waning Sales Force Layoffs By Gun Maker in New York – DSV o o o How The Federal Reserve Is Setting Up Trump For A Recession, A Housing Crisis And A Stock Market Crash – B.B. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

Some news from Tyler Durden, over at Zero Hedge: As Millions Of Venezuelans Try To Flee The Country They Run Into A Problem. Here is a quote: “…the nation now lacks the materials to meet the soaring demand for new passports – making it almost impossible to leave the socialist utopia.” o o o The US government now has less cash than Google. (Sovereign man) Excerpt: “In fact the government has been extremely careful to keep the debt below $20 trillion in anticipation of another debt ceiling fiasco. One way they’ve done that is by burning through cash.” o o o $21,714 For Every Man, Woman And Child In The World – This Global Debt Bomb Is Ready To Explode (The Economic Collapse Blog) Excerpt: “According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars” – Sent in by B.B. o o o Just so you know: Total U.S. debt and other obligations now total $69 trillion (Canada Free Press) “That’s 370 percent of GDP, but hey, why change anything we’re doing?” – Link sent in by B.B. o o o New Oil Price War Looms As The OPEC Deal Falls … Continue reading

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Economics and Investing:

When This All Blows Up… (Peak Prosperity) Understanding the how and when of the next economic crash. Sent in by B.B. o o o More money for homeless? Seattle consultants said no last Fall. “But she said the true political challenge remains: how to shift money away from some groups that have been getting it for decades. Of 205 shelters and low-income housing projects reviewed countywide by Focus Strategies, 51 were judged to be ‘low-performing’ for return on taxpayer dollar. To get better results, politicians may have to lop off some social-service providers, who have huge hearts but aren’t cutting it.” Sent in by P.S. o o o As Deadlines Approach For College Financial Aid & Income-Based Loan Repayment, IRS Leaves Parents, Students & Graduates In Lurch By Taking Down Online Tax Return Data Retrieval Tool. (Tax Prof Blog) “The IRS Data Retrieval Tool on fafsa.gov and StudentLoans.gov is currently unavailable.” o o o Silver Market Poised For Big Reversal When Institutional Investors Move In. (SRSrocco Report) “The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments.” o o o States Consider … Continue reading

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Economics and Investing:

How Central Banks Enable the Money-Creation Process (Mises Institute) “The key source of money expansion is commercial banks that, via an expansion in lending, set in motion an expansion in the money supply.” o o o ECB Declares Victory Over Deflation: Hallelujah! (MishTalk) “That’s much like shouting hallelujah when you miss the game-winning field goal.” o o o Are Rare Coins Part Of Your Gold Diversification Strategy? (Kitco) “While gold bullion or a typical Gold American Eagle coin tends to track the underlying price of gold higher and lower, rare coins can trade at a premium to spot gold.” o o o U.S. Jobs, Pay Show Solid Gains in Trump’s First Full Month (Bloomberg) “U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing while wage growth picked up, as the labor market continued its steady improvement in the new year.” o o o How the Black Market Is Saving Two Countries from Their Governments (AntiMedia) “Ever since governments began banning and licensing different parts of the economy, the black market has made sure people still have access to the things they need. Unstable governments always turn on their own citizens … Continue reading

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