Category: Economics & Investing

Brits Are Hoarding Cash Post-Brexit At Fastest Rate Since 2009 – DSV o o o No One Told Brazil Markets That Rio Olympics Would Be a Disaster o o o Here Is The Craziest Thing One Market Veteran Has Ever Seen In His Lifetime Excerpt: “You are guaranteed to lose money but you are buying the asset because you think in the interim, between when you bought it and you get your guaranteed loss, you’re going to make some money by selling the asset to another fool.” o o o Latest Jobs Data: The Worst Expansion in 30 Years Continues …

No cash allowed: Stores refusing to accept money – K.B. o o o Death of ‘financial whiz’ on Queensland beach exposes suspected $100 million Ponzi scheme – A.S. o o o Bank of England wields stimulus ‘sledgehammer’ to beat Brexit blues. The Bank of England has cut rates for the first time since 2009 along with restarting bond purchases. o o o Chicago Seeks Tax Hike to Avert Insolvency for Pension Fund o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Man The Lifeboats : US Economy Sinking – Mike Maloney o o o SRSrocco Precious Metals Webinar: Big Events Coming & 1 Oz Silver Buys 6 Months Of Food In Venezuela o o o Rush to withdraw savings as threat of negative rate looms – DSV o o o Why The Bear Market Could Be Over In A Flash o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

You Can’t Eat Gold. “The point is that simple statements such as “You can’t eat gold” are a useless DISTRACTION.” o o o End of Driving Season Could Send Oil Back to February Lows. Oil prices are about to face even more downside as the end of a somewhat disappointing driving season is nearing. o o o We May Not See A Total Meltdown Of Global Currencies But This Will Definitely Collapse o o o Admitting a Weak Economy, the Fed Keeps Rates Low o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see …

Ireland jails three top bankers over 2008 banking meltdown – If only they would do that here – A.D. o o o NY Fed Finds 15% Of Americans Have Negative Net Worth. Excerpt: “As for the White House’s conclusion that ‘the growing stack of $1.3 trillion in student debt is helping, not hurting, the U.S. economy’… we would hate to see what Obama thinks is ‘hurting’ the US economy.” – G.G. o o o Foreign Appetite For U.S. Securities Has Taken a Drubbing – G.G. o o o Oil Prices Fall Below $40 As OPEC Ramps Up Output o o …

The Coming Seneca Cliff Collapse & Exploding Silver Price o o o The Free Lunch Is Over o o o The Grand Illusion, $80,000 Gold And A Worldwide Nightmare. Excerpt: “It is very important not to own illusory or paper gold. It must be physical gold and silver which is stored outside the fragile banking system.” o o o RPT-Helicopter money talk takes flight as Bank of Japan runs out of runway o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Wednesday Report…A Potential Life Changing Market – S.B. o o o Credit Suisse to create U.S. banking business for billionaires o o o Deutsche Bank Said to Revive Trading of Credit Options in Europe o o o A Bull Market For The Ages As The Price Of Gold Heads To A Jaw-Dropping $20,000 o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

The Gold Price Correction Is Over…And A Trader’s Tale o o o Gas Taxes Keep Rising to Quell a Different Kind of Road Rage o o o Get ready for America’s new $29 trillion debt o o o Yellen Searches for U.S. Wage Gains With Georgia On Her Mind o o o The Abbot and Costello version of unemployment numbers: Absolutely Brilliant – B.B. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Restaurant Recession Could Signal Tough Times for U.S. Economy – RBS o o o New legislation proposes to “bail in” Social Security o o o I found this Reuter’s article linked over at Zero Hedge: ‘Helicopter money’ might weaken currencies more than QE as sky’s the limit o o o US Homeownership Rate Crashes To Lowest Since 1965 o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Get Down With The Monetary Sickness – Mike Maloney o o o Invest 25% Of Investment Portfolios In Gold Bullion – Marc Faber o o o Paul Craig Roberts – We Are About To Witness The End Of The World As We Know It o o o Kyoki (Insanity) o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Bank threatens charges as negative interest rates loom – Note: A login is required to read the full article, but you get the idea just from the title. – G.G. o o o Status Of The Social Security And Medicare Programs (ssa.gov) – U.S. Social Security starts to go negative in 2019 – P.S. o o o Citigroup, HSBC Jettison Customers as Era of Global Empires Ends. Excerpt: “How does a company lose 69 million customers? Just ask Citigroup Inc.” o o o RBS and NatWest consider charging business clients to hold cash. (Note: login required to read article) o …

Over at Gold-Eagle: Will The Gold Bull Market Resume After The Summer Correction? o o o The End of Social Security (Leaked Evidence Stumps Obama, Stuns Retirees) o o o Silver COT Stuns…What’s Going On Here? o o o Negative Interest Rates: The New Abnormal SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Making The Wrong Choices For The Wrong Reasons – When belief overpowers reality. o o o Kmart workers believe all the stores are going to be imminently shut down – With the online shopping taking over, more and more major retailers are going out of business! Malls are becoming ghost malls. I remember W.T. Grant! More and more retail workers as well as bank tellers (many banks closing branches) will be unemployed. Always, always, have other skills! Graduation does NOT mean education stops. I also remember the FIRST electric typewriters! Had to learn about those, and the early computers, and …