Category: Economics & Investing

Omen of times to come: Lady riots after EBT card fails – Submitted by RBS. HJL’s Comment: We’ve seen this sort of thing before. In October of 2013, the EBT system went down in much of the nation. It only took a few hours for word to spread as the welfare roles abused the vouchers and emptied the shelves of many stores, wreaking havoc along the way. o o o This financial bubble is 8 times bigger than the 2008 subprime crisis o o o Derailed! A June Rate Hike Is Off o o o Video: Brexit – The Moment …

Can Bitcoin Uber The Fed? Gilder Says Gold Standard Is Coming Whether Central Banks Want It Or Not o o o The Startling Truth About How Working Families Are Truly Faring In This Economy. – Sent in by B.B. o o o Funniest BLS Report Ever. “Only a captured government drone could put out a report showing only 38,000 new jobs created, with the working age population rising by 205,000, and … report the unemployment rate plunged from 5.0% to 4.7%, the lowest since August 2007.” – Warning: Some inappropriate language. o o o What Will Happen When Brainwashed Middle …

SurvivalBlog reader T.T. sent in the link to this interview with Felix Zulauf in which investing, markets, and gold are discussed. Monetary Stimulation Creates Bubbles, Not Prosperity Nor Growth. o o o Greece to co-produce Kalashnikov rifles with Russia – H.L. o o o Puerto Rico’s U.S. Rescue Won’t Come Soon Enough to Halt Default o o o Silver Will Move The Most of All The Metals o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Lost Decade for Value Stocks Tests Faithful Who Say End is Nigh o o o “The Economy Is Better Off Now Than When I Started” – Obama Delivers Remarks On The State Of The Economy – Now go wipe that spewed coffee off of your computer monitor. – B.B. o o o Items from Mr. Econocobas: Alan Greenspan: “We’re Running To A State Of Disaster” – Like the end of the article, “If only he had not gotten us in this mess in the first place”, perhaps only if the Fed had not, not just Greenspan Consumer Confidence Unexpectedly Plunges …

Coke Has Suspended All Production in Venezuela. The stoppage isn’t due to price issues. There is apparently a sugar shortage that is expected to last for months. – Sent in by RBS o o o It costs $150 to buy a dozen eggs in Venezuela right now o o o A bit heavy on the charts but interesting nonetheless: Gold Not Ready for a Final Intermediate Cycle Low o o o Mike Maloney’s analysis of “Brexit The Movie”: What You Need To Know About Brexit: The Movie – Mike Maloney (Part 1) – Sent in by M.T. o o o …

The Great Banking Lie o o o Hard Times & False Narratives – B.B. o o o Fed’s Bullard: global central bank policy divergence has been priced in o o o The Shocking Reason Why China Will Send The Price Of Silver Skyrocketing Over $100! o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Millennials and living at home: For the first time on record the most common living arrangement for young adults is living with a parent. o o o This Is Not The America My Parents Immigrated To In 1957 o o o Euro 2016 chaos looms as French union calls for strikes in all 10 host towns and cities o o o Volatile Bottoming Pattern in Metals – “Because most analysts still refuse to recognize the artificial nature of gold’s bear market, they aren’t going to navigate the bottoming pattern correctly. The pendulum is going to swing wildly back and forth …

Class of Underemployed: Nearly 50 percent of recent college graduates are working in jobs where no college degree is required. o o o A Critical Juncture In Gold And Silver Prices o o o Fed’s ticking financial time bomb – Sent in by P.S. o o o Rauner Vetoes Bill Reducing Pension Contributions Despite Massive Underfunding, Chicago Mayor Whines – Expect more of this to come in the years ahead. – P.S. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

S&P Significant Low has Occurred – NOT Likely! – “Of course this time might be different, but it seems wise to consider the possibility of a substantial S&P 500 Index drop in coming months.” o o o Why $50 Oil Is Here To Stay – “As oil prices hit $50, oil traders are trying to answers the million dollar question: will U.S. drillers turn the taps back on?” o o o Video: Brexit – The Movie – a crowdfunded film that presents the case for Britain to leave the EU on June 23rd. – P.S. o o o Greece’s Journey …

Storing Precious Metals Safely Is Just As Important As Buying Them o o o Special Supplement: Counterfeit Coins? You Get What You Pay For – Sent in by RBS o o o Hard Times & False Narratives o o o Criminal Bankers Threaten Entire World Economy-Helen Chaitman. The author of a very interesting book about the connections between powerhouse banker JP Morgan. – RBS o o o Items from Mr. Econocobas: Video: David Stockman Fox Interview: The Party’s Over—–Look For Cover, Not ‘Growth’ o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our …

Understanding Societal Collapse: Warnings From Venezuela’s Crisis – Sent in by B.B. o o o Canadian Silver Maple Sales Surge To Highest Record Ever o o o New Mexico, suing the EPA over spill caused by the agency, Seeking $100 million – Some runoff from a pond in Montana gets 15 years in prison. Poisoning Flint, Michigan or the Navajo Nation? Nothing. – T.Z. o o o Banks Keep Cutting Bond Traders as One-Third Gone Since 2011 o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

France Hit By Gas Shortages, Rationing After Refinery Workers Go On Strike “In the aftermath of the French labor law reform, local refinery workers have launched a strike to hit the government where it hurts the most. Protesters have blocked deliveries to gas stations from at least half of France’s eight refineries, and workers at three Total refineries have voted to halt all output by Tuesday. The effect was immediate: as an IEA analyst observed, `there is a noticeable fuel shortage in the North West and North of the country, including parts of the greater Paris region.’” – H.L. o …

Reader S.M. wrote in to say: “At times I need to ship gold coins so I joined the North American Collectibles Association. That gave me access to their private insurance program, which covers up to $75,000 per shipment. The rates for insurance are way lower than USPS registered mail, or the rates charged by UPS and Fedex. You can ship via USPS, FedEx, UPS, even domestic freight. I paid less than $100 to insure $75,000 shipments. “They state that most claims are settled in 30 days. I’ve never had a claim with NACA, but the one time I had a …