Economics and Investing:

Is The Deep State Creating Another “Crash Of 1929”? o o o Leo Nelissen is sounding like a Perma Bull, over at Seeking Alpha: The Market Is Overbought, But There Is Plenty Of Room In The Near Future. JWR’s Comment: The U.S. equities markets are starting to look “toppy” to me. It is high time to bail out and get into cash and metals. But shorting the market right now could prove deadly. o o o This bubble finally burst. Which one’s next? o o o Sweden’s Gold Reserves: 10,000 gold bars shrouded in Official Secrecy – H.L. o o o Central Banks Are Now Printing $200 Billion Per Month… Without a Crisis – H.L. o o o JPMorgan: “Trump’s Tax Plan Will Be Virtually Impossible To Pass Through Congress” 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:

SurvivalBlog reader MHL wrote in: “My son lives and works in Colorado (lucky guy); his father and I are in Ohio. With the offspring soon to celebrate a birthday, my husband wanted to gift the boy with money, which is always welcome no matter what one’s age, so he took cash and one of the kid’s bank deposit tickets to an Ohio branch of our son’s bank (Chase Bank). He was informed by the teller that unless we had an account with Chase, or were co-owners of the Colorado account that they could not accept cash for deposit. I’ll write that again in case you missed it. A bank could not accept cash for deposit! The teller offered to sell my husband a money order, which he could deposit into the account. Needless to say the kid is going to get a check and will just have to wait the five days until it clears. “It’s just a matter of time, isn’t it?” o o o Gold Good as an Inflation Hedge, but Better as a Crisis Hedge – DSV o o o Death of Malls: Retailers are going bankrupt at a record pace – DSV o o o Gun … Continue reading

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Economics and Investing:

Global Silver Mining Industry Productivity Falls To The Lowest In History o o o The French Election And A Gold Price Forecast o o o The Bullish Case For Oil Is Fading Fast. As the bullish case for oil is losing strength and the contango is back, major hedge funds have started to close some long positions. o o o How a $1.4 Billion ETF Gold Rush Rattled Mining Stocks Around the World 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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Letter Re: The Counter War on Credit Cards

Hugh, It seems that at least several times a week there’s a link on SurvivalBlog to a story about the war on cash. Several years ago my city’s water utility department stopped sending preaddressed envelopes in my monthly statement. I assumed this was an effort to get me to quit sending them my payment by check and pay online with a credit/debit card. Today as I was writing my check, a flyer in the statement announced changes to their credit card policy which surprised me since I thought they wanted credit card payments. It started by saying how they were finding operating efficiencies and reducing controllable costs. Next came this, “Two payment methods topped all others in operating expenses. Those were payments at customer care locations and online credit/debit card payments. Costs associated with credit/debit transactions come from fees that credit card companies charge Arlington Water Utilities. It was an expense of more than $540,000 in 2016– that amount is the equivalent of a one percent water/sewer rate increase for Arlington residents.” It went on to say that if you were going to pay online with a credit card or come into a payment location that you would be charged … Continue reading

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Economics and Investing:

Yet another take on the future of cash: Cash Is King No More – O.M. o o o Has The OPEC Deal Been A Success? While the prospect of a production cut extension seems good, OPEC’s decision will ultimately depend on whether or not the members view the cut as a success. o o o Gold Consolidating As French Vote Goes As Expected o o o The epic retirement crisis for older Americans: The median family of retirement age has $12,000 in savings. 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:

Lee Adler: Warning Signs a Stock Market Crash Is Coming o o o Advice from Jeff Miller: Stock Exchange: How to Trade an Overbought Market o o o Over at Zero Hedge: How Heavy Is This? o o o Brick-and-Mortar Stores Are Shuttering at a Record Pace – G.G. o o o Congress Considers Taxing 401(K) Contributions – 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:

Stop federal funding for universities and police that tolerate left-wing violence – D.S. o o o The last time this happened the market crashed o o o Gold Price Forecast: The Correction Into May Has Begun o o o The Great Retail Apocalypse: Americans spend more at bars and restaurants than at grocery stores. o o o The IRS Enlists Debt Collectors To Recover Overdue Taxes, ‘Placing A Bull’s-Eye On The Backs Of Low-Income Taxpayers’ And ‘Putting Out Barrels Of Honey For Scammers’ 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:

Cash Crisis in India, ATMs Running Dry JWR’s Comment: Currency “reforms” like these are all about control of the populace and tax revenue. Governments want full transparency of all private transactions—and thus the ability to tax everything. o o o Video: Hidden Secrets Of Money Part 7 – Mike Maloney o o o 50 Great Jobs for Retirees – H.L. o o o 17 Reasons Why You Should Own Gold – DSV o o o Troubling Signs At Bakken As Oil Production Growth Stalls 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:

Bitcoin Drives Revolution and ‘Startup Government’ for Syrian Kurds o o o Silver Price Forecast 2017/2018: Silver Prices Likely To Rise In A Concentrated Manner o o o US Auto Industry Factory Production Falls Most Since August. “Output at U.S. auto manufacturers fell unexpectedly in March by the most since August of last year, according to Federal Reserve data that was released on Tuesday.” – H.L. o o o Will The Gold Price Always Face Resistance At $1,350?. “Is there really something to the idea of a psychological barrier for gold at $1,350, and if so, is there any evidence for it?” o o o Don’t Believe The Hype: Oil Markets Far From Recovery. Oil markets are in a slow process of recovery, aided by OPEC and non-OPEC output cuts, but the road to market balance remains long and bumpy. o o o Markets Start to Ponder the $13 Trillion Gorilla in the Room. “Fed officials discuss when to start reducing asset holdings.” o o o Homebuilders Could Be Losers in Early Test of Trump Trade Policy. “A long-simmering trade dispute between the U.S. and Canada over lumber is heating up, increasing the cost of building houses and causing American … Continue reading

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Economics and Investing:

Why The Permian Doesn’t Keep OPEC Awake At Night. While the much touted Permian basin is a fantastic formation of hydrocarbon holding rocks, the effect of this play on global oil markets is wildly overstated. o o o Auto Loans: The Next Debt Bubble?. The auto-loan market has recently ballooned, but the delinquency data raises questions about how much longer these spending habits can last. o o o News Bites Geopolitical Events No Longer Main Drivers Of Gold Prices o o o Free Money! Banks Paid $22 Billion to Not Lend? 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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Letter Re: Coin Rolls – Roll Your Own

Editor: I decided to make my own coin rolls instead of spending any coins for them. I started with paper, but it turned out like origami gone wild. So I put on my thinking hat and asked, why not aluminum foil (for the coin rolls, not the hat)? But does silver and aluminum react? Apparently, it does in a good way if you add a baking soda solution. So I rolled away and am quite pleased with the outcome. That’s $100 face value in quarters in a pint-size vacuum sealed bag. What do you think? – R.T.

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Economics and Investing:

CONSPIRACY vs FACT: How Much Gold Is In The World?? o o o The war on cash: India Outlawing Cash Altogether in 75 Cities – DSV o o o A walk down memory lane: This article was written in 2009, but it’s still good information today – The Great American Bubble Machine – D.F. o o o Wall Street banker Cohn moving Trump toward moderate policies 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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