Category: Economics & Investing

Stuck in the Monetary Mud. All the Fed can do is hope, says Peter Schiff. Sent in by H.L. o o o Fiscal and Monetary Madness. Excerpt: “A world of fiat currencies “managed” by central banks descends into the trap of exponentially increasing debt that leads, slowly or rapidly, toward monetary madness and … Train wreck ahead!” o o o How Oil Can Be Used To Defeat ISIS o o o Youtube: The Central Bankers And Corporations Are Running The Country: John Titus. – Sent in by RBS o o o If your country’s broke, don’t hold all of your …

Reader DSV suggested this: Bagfuls of Pocket Change… Handfuls of Heritage – Shanghai Metals Market. o o o Japan Goes Full Krugman: Plans Un-Depositable, Non-Cash “Gift-Certificate” Money Drop To Young People – G.G. o o o Items from Professor Preponomics: Professor Preponomics’ Reading Recommendation Going for Broke: Deficits, Debt and the Entitlement Crisis by Michael D. Tanner US News Commentary: The GOP and Social Security (Cato) Excerpt: “…Social Security’s unfunded liabilities approach $26 trillion. That’s not because of waste or administrative glitches; it’s because of shifting demographics.” Southern Tennessee Medical Center, LLC to Pay $2.48 Million to Settle False Claims …

Uh oh! The growing economic case for ‘helicopter money’ – P.S. o o o Record Breaking Silver Factors In 2015 Can Make 2016 Quite Interesting o o o ‘Rich Dad’ author says the 2016 market collapse he foresaw in 2002 is coming – G.G. o o o It’s Official: Canadian Bank Depositors Are Now At Risk Of Bail-Ins – G.G. Excerpt: “Earlier today, Canada’s new Liberal government unveiled a stimulus budget meant to revive slumping growth with a surge in infrastructure spending and said it would run a deficit nearly three times larger than promised during last year’s election.” o …

Study Finds Public Pension Promises Exceed Ability to Pay – G.G. o o o Reader T.A. submitted this article from Zero Hedge: A Glimpse of Things to Come: Canadian Oil Company Liquidates Hours After Bank Demands Repayment o o o Items from Professor Preponomics: US News Puerto Rico’s Financial Crisis Has Been Brewing for 75 Years (Business Insider) Excerpt: “If Puerto Rico and its bondholders are to receive a bailout, it should at least be accompanied by the long overdue privatization of its New Deal structures.” Puerto Rico’s Slide (Bloomberg QuickTake) Excerpt: “It’s a tale of financial mismanagement, Wall Street …

Silver – a Long-Term Perspective o o o Forbes Yanks a Negative Article on JPMorgan While the Bank Pays for Content – P.M. o o o Items from Professor Preponomics: US News To Oppose Free Trade is to Embrace Violence (Mises) Excerpt: “To oppose free trade, on the other hand, is to engage in the imposition of fines, prison terms, and other sanctions on people for engaging in non-violent exchange.” Bernanke: Negative Interest Rates Could Be “Reasonable” (Washington Examiner) Excerpt: “…in a scenario in which the economy weakened and the Fed had already cut short-term interest rates to zero, a …

DOW JONES vs SILVER: Trading Volume Says It All o o o Central banks are already doing the unthinkable – you just don’t know it – G.G. o o o Items from Professor Preponomics: US News Including the Ocean Floor, the Feds Own Much More Land than You Think (Mises) Excerpt: “Is US land ownership heavily socialized? Let’s begin answering this question by considering the states with the largest percentages of government-owned lands.” The next post is a commentary from Judge Andrew Napolitano from 2014. It’s an older post, but it’s well worth reading in the context of the broad …

Social Security Administration Beneficiaries Top 60,000,000 – B.B. o o o Subprime Auto Delinquencies Soar Past Crisis Levels, Now Highest In 20 Years – G.G. o o o Items from Professor Preponomics: US News We Need the Pain that Comes with More Saving (Mises) Jacques: When Will the Sky Fall for Detroit Public Schools? (Detroit News) Excerpt: “The district’s latest emergency manager, former bankruptcy Judge Steven Rhodes, is trying to strike fear into lawmakers this week about the impending cash flow woes, in the hopes that the April 8 deadline will force the Legislature to pass bills to send an …

Greek Banks Admit To Charging Customers To Exchange Big Bills For Smaller Ones – G.G. o o o Items from Mr. Econocobas: Bernanke: Monetary Policy ‘Reaching Its Limits’ – Isn’t this what Japan said right before going negative. “We are not considering negative rates”… Silver Soars Post-Fed As Gold Ratio Tumbles Most In 5 Months Items from Professor Preponomics: US News Obamacare Enrollment to Cap at Estimated 14.7 Million Americans (Washington Free Beacon) Excerpt: “Absent a substantial boost in outreach or changes to the subsides to make insurance more affordable, substantial increases in marketplace enrollment are unlikely.” CCAGW Releases 2015 …

Largest U.S. Coal Producer Skips Interest Payment, Warns Of Bankruptcy; Stock Crashes – B.B. o o o Companies to reduce employment in 2016? – P.S. o o o Items from Professor Preponomics: US News The Liquidity Endgame Begins: Whitings Revolver Cut by $1.2B as Banks Start Slashing Credit Lines (Zero Hedge) Excerpt: “But while lender banks are all too eager to take advantage of the brief surge in equity prices just so they can “help” their clients dilute their shareholder base so to repay the very same lender banks, they know quite well that the equity offering window is rapidly …

AEP: US inflation rears its ugly head as global cycle nears danger zone – G.G. o o o What Happens When Walmart Dumps You – RBS o o o Items from Professor Preponomics: US News US Tornadoes, Storms in February May Cost More than $1B (Bloomberg) Excerpt: “The U.S. suffered the most February tornadoes since 2008, with storms hitting the Plains, Midwest, Southeast, Mid-Atlantic and Northeast, the London-based insurance broker said Tuesday in a report. Heavy snow, ice and hail also caused wreckage across the country.” Our Dangerous Reality (US News & World Report) Excerpt: “In terms of potentially large-to-catastrophic …

12 Frugal Lessons From the Great Depression – D.S. o o o What The Smart Money Is Most Worried About o o o Items from Professor Preponomics: US News We are Headed Toward a Cashless Society? (Mises) House GOP Conference Chair Unveils Bill to Fight Government “Zombies” (Washington Free Beacon) Excerpt: “The legislation would pressure Congress to reexamine government programs whose authorizations have expired by subjecting such programs to a rolling sequester, which would take place over three years and end with a complete elimination of funding if lawmakers have not acted to reauthorize the program. Currently, the federal government …

Amid sales surge, Dollar General plans 900 new stores – RBS o o o Some people just never learn: US credit card debt balloons to $917B: What it means – G.P. o o o Items from Professor Preponomics: US News The Biggest Force Powering the Stock Market is Starting to Disappear, and It Could be a Huge Problem (Business Insider) Excerpt: “The issue that should scare investors is what would happen if this corporate stimulus went away.” Without Buybacks There is No Earnings Per Share Growth (Contra Corner) Excerpt: “According to a chart from Deutsche Bank, as sales and profit …