Category: Economics & Investing

J.C. Penney Still On Bankruptcy Path o o o Physical Gold Flows East as Manipulated Paper Markets Lose Credibility o o o Items from Mr. Econocobas: Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food” – We really have been hid from what is going on in this collapsing country…. Stop Blaming Consumers, They Can’t Help It! Former Brazilian Soccer Star: Don’t Come To The Rio Olympics – This will be interesting and yet another collapsing economy, maybe not as bad as Venezuela Senate Appropriations Bill Spends More Than Obama Requested – A Republican Senate …

Frank Holmes: Gold Is Crushing It So Far this Year o o o Soaring Silver ETFs to Snap Up as Metals Shine o o o Items from Professor Preponomics: US News Free Markets Do Not Need Negative Interest Rates (Mises) Excerpt: “An almost line-by-line critique of this article would be necessary, for the arguments in it are so ill-conceived and fallacious that it is hard to ignore them.” Freddie Mac Narrowly Avoids Tapping Treasury for Money (Washington Examiner) Excerpt: “Lawmakers and officials have been concerned that, as government stewardship of Fannie Mae and Freddie Mac stretches into an eighth year, …

This Amazing Silver Trend Will Make Short Term Price Movements Irrelevant o o o Of Course the US Government Will Default on Its Debt – Sent in by B.B. o o o 90% Off Sale On Offshore Drilling Rigs? – The oil price bust has struck the offshore sector especially hard, leading to nothing less than a fire sale of oil and gas rigs. o o o Company plans to mothball Carlsbad potash plant – Note that this is a basic mineral used for fertilizer everywhere. Also ties in to reduced train loads, as it is normally shipped by rail. …

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York. When cashless, then all purchases and sales are done digitally, and the government can steal from your account and track everything you buy or sell. They “say” it is to prevent drug trafficking. They lie. Use cash. Power out; you can buy with cash or silver. – H.L. o o o What OPEC Has To Fear From The New Saudi Oil Minister o o o Credit Suisse Posts Loss as CEO Signals Cost-Cuts Progress o o o Record-Breaking Container Ship Ends Brief U.S. …

Reader SDP wrote in to inform us that the number of stored locomotives is much, much higher than we reported before. There are some railroad enthusiasts who track this kind of information, and this is from an April 11th communication: “Laid Up Power – BNSF has added to the Laid Up Good Order (LUGO) fleet this month. At the end of January, there were 1249 engines in LUGO status. As of April 4th,there are 1457 in LUGO status. This is up 101 more from March 1st when there were 1356 in LUGO status. While part of the fleet is laid …

Economic Collapse Logistics For The Government – Sent in by B.B. o o o Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out o o o Items from Professor Preponomics: US News Citi: The Fed Would Attempt One Last “Hail Mary” Before Announcing Negative Rates (Business Insider) Interesting thoughts! Excerpt: “…anyone who believes a rate hike isn’t coming until May 2017 has to at least consider the possibility the Fed would need to cut rates before then.” Gross Calls for Helicopter Money (Mises) Excerpt: “There is a rude end to flying helicopters, but the alternative is an immediate …

City of Los Angeles Tops 4 Million For First Time: Big Increase Coming from Multi-Family Units and the Renting Revolution. o o o The Next Employment Crisis Is Here: Job Cuts At U.S. Companies Jump 35 Percent In April – Sent in by B.B. o o o The Immorality of the Minimum Wage: Scarcity and Singing Kumbaya – A look at how our churches have failed in the dilemma of the minimum wage discussion. o o o The Insane Hidden Tax Burden Quietly Eating Up Your Paycheck – The regulatory nightmare that raises prices. – B.B. o o o Reader …

Big slowdown coming in auto manufacturers? About Those Record Auto Sales: Let’s Communicate! – P.S. o o o The World’s Largest Shipping Company Is Already Preparing For The Next Oil Crash o o o It finally happened: 500 euro notes will no longer be produced – DSV o o o The Historic Dow Jones-Silver Ratio Points To $300 Silver o o o Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Every Time This Has Happened, A Recession Followed o o o New banking normal where lending $2 increases GDP by $1: US bank credit up 44 percent since 2008 while GDP up 21 percent. o o o Items from Professor Preponomics: US News Inflation as a Policy (Mises) Excerpt: “…the more evident the evil consequences of inflation became, the more rabid became the demands for still more inflation to cure them.” Investors Look for Signs of Future Fed Action (Financial Times) Excerpt: “You don’t get the sense going into this [meeting] that there is a solid consensus,” Ms Swonk said. …

It’s High Time To Worry About The U.S. Economy o o o China’s banking regulator moves to contain off-balance sheet risk. Excerpt: “Authorities are tightening scrutiny of the lenders as the growing use of complex financial structures has raised concerns that bad lending and credit risks can be concealed.” o o o ECB blames you for negative interest rates o o o Banks Quickly Abolishing Your Ability to Use & Store Cash – Sent in by DSV o o o Social Security: Why Congress is messing with your benefits – Many are being forced to take their benefits sooner and …

Video: Gold COT’s and Sentiment Levels – “Traders you don’t have to chase, you will get a better opportunity. Traders already long should trail a stop. Old Turkey’s just ignore the market for the next 4-5 years” o o o Puerto Rico Default Bruises Dollar, Boosts Gold o o o In 6 Months Since Budget Deal: Debt Up More Than $1 Trillion – Submitted by B.B. o o o Silver & Gold Rally Led By China As They Take Over Pricing o o o Another Sign That Wall Street Doesn’t Believe The Rally o o o SurvivalBlog and its editors …

GNC planning to sell off more than 1,000 stores – Sent in by RBS. o o o Ron Paul Asks “What Did Fed Chairman Yellen Tell Obama?” – Of course there is no official documentation or minutes of the meeting. – M.B. o o o Lets Stop Pretending Nuclear Power Is Commercially Viable o o o Workers unearth large trove of Roman coins at Spanish park – The timeline is during the fall of the Roman Empire. The Seville Archaeological Museum said the construction workers came across 19 amphoras containing thousands of bronze and silver-coated coins dating from the end …

Deutsche Bank Unveils The Next Step: “QE Has Run Its Course, It’s Time To Tax Wealth” – G.G. o o o The Two Income Trap has only gotten worse: America has become a dual-income nation since one income isn’t enough to maintain a household. – D.B. o o o Items from Professor Preponomics: US News Are Members of Congress Becoming Telemarketers? (60 Minutes/CBS) Excerpt: “And your job, new member of Congress, is to raise $18,000 a day. Your first responsibility is to make sure you hit $18,000 a day. Crony Capitalism and the Rigged System: 0.01% of Households Gave 33% …

SILVER & SILVER STOCKS: Top Performing Assets In 2016 o o o Lies, Lies And Omg, More Lies. The government continues to report absurdly low rates of inflation, making their economic polices look good. The truth is considerably different. o o o The latest from Brandon Smith: One More Casualty Of The 9/11 Farce – The Petrodollar o o o 1% savings, 2% 5 year cd,low but better than others…GS Bank – Sent in by P.M. o o o IRS Can Track Your Cell Phone, but Leaves Billions in Taxes Uncollected – Submitted by B.B. o o o SurvivalBlog and …