Zombie Home Foreclosures – A.L. o o o Glencore and the World of Global Commodities – A.L. o o o This Is EXACTLY What The Early Phases Of A Market Meltdown Look Like o o o Items from Mr. Econocobas: Welcome To The Recovery – Two Out Of Five American Children Experience Poverty Video: David Stockman On Bloomberg: The Unemployment Rate At 5.1% Is In The Fed’s Full-Employment End Zone—–More ZIRP Is Crazy
Personal Austerity – A.L. o o o Buy Gold, Sell the S&P o o o Items from Mr. Econocobas: Peter Schiff – Meet QT; QE’s Evil Twin GLOBALIST WARNS FED RATE HIKE WILL CAUSE PANIC, CALLS FOR QE 4 Government Employees Outnumber Manufacturing Employees 1.8 to 1 – News Flash: We are in trouble… Krugman `Really, Really’ Worried Abenomics Might Fail – You need no better proof that sometimes people with high IQ’s can be downright stupid. What alternate universe does he think his beliefs on economics exist?
Social Security Disability Fund Will Be Broke Next Year – G.G. o o o The Minimalists: Debt Free – A.L. o o o Something Just Snapped At The Comex o o o Old School Venice: What does one million dollars buy you in a gentrified market? Riding it out in the Westside. o o o Will Deflation Destroy the United States of America? – R.M.
The government admits its own statistics are phony – R.M. o o o Opinion: The Euro and Why the Dollar Will Not be Dethroned – R.M. o o o Record shattering 94 Million Americans not in the labor force: The army of non-working Americans continues to grow. o o o The Truth About The Unemployment Rate o o o Peak everything, charted – G.G.
This has, so far, pretty much run parallel to Rickards’s warnings and descriptions, the first round of the reality turning out, if anything, rather “a kinder, gentler” bullet than that described in ‘Currency Wars”… But it’s still plenty deadly. And it’s still only a first round; the numbers are in: China Dumps A Record $94 Billion In US Treasurys In One Month o o o 7 Characteristics of Debt-Free People – A.L. o o o When “Virtuous Debt” Turns Ferociously Vicious: The Mother Of All Corporate Margin Calls On Deck – A.L. o o o America’s Housing Market: This is …
Inside Look At Silver Shortage With CEO Of US Mint’s Silver Eagle Blank Provider o o o When “Virtuous Debt” Turns Ferociously Vicious: The Mother Of All Corporate Margin Calls On Deck – A.L. o o o Education Debt Burdens Students, Economy; Elite Schools Lobby Against Proposal To Cap Graduate School Loans – PLC o o o Keep out Californians: How high home prices in California migrate into other states where Californians follow.
Full-Time Work Is Harder to Find – G.G. o o o Downtown Austin vault of precious metals turns up mostly empty – A.C. o o o Have You Bothered to Tell Your Children That They Have No Future? – S.K. o o o If You Want To Know The Truth About The Unemployment Rate Read This Article – B.B. o o o Meet the evil twin of ‘quantitative easing’ – K.C.
The “Dead-Cat-Bounce”: That Dead Cat Is Truly Dead; And That Bounce Is Truly Over… “Nihilo Ex Nihilo” – GJM o o o Record 94 Million Americans Not In The Labor Force; Participation Rate Lowest Since 1977 – B.B. o o o Items from Mr. Econocobas: Central Banks Can’t Save the Markets From a Crash. They Shouldn’t Even Try – The first section of this is pretty good, but after that it starts venturing off topic. Dow Dumps 600 Points From Last Friday’s Panic-Buying Ramp, Drops 10% Year-To-Date Chart Of The Day: Since 12/2007—— 1.5 Million More Waiters/Bartenders, 1.4 Million Fewer …
A closer look at the cost of living between 2000 and 2015: Looking at tuition at USC and the typical priced US home. o o o Silver and S.M.S. o o o Nowhere To Run, Nowhere To Hide o o o Venezuela Delaying The Inevitable With $5 Billion From China
Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainesville Coins. Every month we take a look at “the month that was” in precious metals, covering the price action of gold and examine the “what” and “why” behind those numbers. Volatilitywas the name of the game in August, as a surprise currency devaluation by China spooked investors into realizing that the Communist government in Beijing likely was lying about the state of their economy. This ignited a global meltdown in stocks, the likes of which have not been seen since the height of the financial crisis. Gold …
Stock market too big to fail? I suppose it’s possible that the Fed could start buying specific stocks to keep the market propped up. – P.S. o o o ?The surging ranks of America’s ultrapoor – G.G. o o o Canada officially enters recession – G.G. o o o SILVER MARKET OUTBREAK: Surging Physical Demand & Falling Inventories o o o Items from Mr. Econocobas: Why The Federal Reserve Should Be Audited Video Interview with Greg Hunter : Jeff Berwick-Nothing but Black Swans Ahead
China fooled the world, and now comes the Great Unwinding – G.G. (May require an account to read the article.) o o o From 9/1, France bans cash payments over 1000 euros (previous limit was 3000) – G.G. (Google translated version) o o o The rise and fall of the American homeowner: Current homeownership rate is back to where it was 50 years ago. o o o Items from Mr. Econocobas: Central Banks Can’t Save the Markets From a Crash. They Shouldn’t Even Try – The first section of this is pretty good, but after that it starts venturing off …
Silver and Warnings From Exponential Markets o o o U.S. Gold Production Finally Hit Hard Due To Low Price o o o Martin D. Weiss: Why This “Correction” Could Get Worse o o o Could Oil Sink Below $40 Per Barrel Again?
Michelle Obama’s Lunch Rules Have Cost Cafeteria Worker Jobs – D.S. o o o Printing Money Goes Haywire in Venezuela – G.G. o o o In 2008, Fewer Than 30 Million Used Food Stamps. Now 46 Million Do. – GJM o o o Illinois Pays Lottery Winners In IOUs After $30K/Month Budget “Guru” Fails To Produce Deal – GJM o o o China is the biggest Bubble in History
Stocks Are Likely in for Another 6 Months of Volatility! o o o Currency wars can quickly spiral downward into a vicious black hole & that makes precious metals all the more attractive…. this time the threatened currency destruction will be global o o o Global Silver Inventories Tipping Point? New Threat To The Fracking Industry o o o Why The Great Crash Is Still In Motion