Category: Economics & Investing

HJL/JWR, This is a long time reader here with a question you likely get often. I realize the following is an overly simplistic question, given the enormous complexities of an individual’s financial and preparedness state, but I’m hoping for a relatively simplistic answer. Assume you were approached by a debt-free individual and handed anywhere from $5-15k. You are told it is “extra’ money and asked to invest it in something tangible. What would you be inclined to spend it on, assuming they had the basics (beans/bullets/bandaids) covered? Would it be precious metals, redundant equipment, or something else? Or perhaps you’d …

The Central Banks Are Losing Control Of The Financial Markets o o o Presenting The Next Great Source Of Middle Class Prosperity. – G.G. o o o Items from Mr. Econocobas: One Of The World’s Largest Silver Miners Slams The CFTC About Silver Market Manipulation The College Commencement Speech Every Graduate Needs To Hear – I work with a large group of young people at my church, and when the correct opportunity presents itself I try and encourage kids to make sure if they go to college to get a definable skill, otherwise start a business or learn or go …

HJL, Reading your bank policies note made me want to share an experience I had recently. I took my income tax return check to my local credit union for deposit only, no cash back. My wife had signed the check. They told me, “We can only deposit this check into an account you are both on.” I said, “There is no such an account.” Well, then she will need to come in with you. I said, “Okay, forget about it.” I took the check to my local PNC Bank (where it’s my sole account) who deposited it minus the hassle. …

I recently ran across an article from the Wall Street Journal; the piece itself was either a really bad attempt at a satire or it was mockingly smug. The article itself is not necessarily what you should read. I found that the comment section was truly amazing. I laughed, I smiled, and I felt that I wasn’t alone in the fight… My fellow American’s are alive and well, and there is a growing tide of revolution. I invite you to read the comments section. I don’t know how long the WSJ will keep it up. – T.C. o o o …

A “black swan” event occurred at a gathering of outlaw bikers on Sunday, May 17, 2015 in Waco, Texas. According to news stories, a fight broke out between several motorcycle gangs at the Twin Peaks restaurant. At least nine bikers are dead, another 17 were injured, and perhaps as many as 170 were detained or jailed. Outlaw Bikers: They are more likely to trade gunfire than bonds, but consider the similarities: Animosity: Rival biker gangs, the Bandidos and the Cossacks, met at the restaurant on Sunday to discuss issues such as territory, licensing fees, and drug revenues. Territory: Control of …

Allocation Lifted for American Silver Eagle Bullion Coins. – JBG o o o The Pre-Crash Warnings Begin o o o Items from Mr. Econocobas: Joseph Salerno: The War on Cash Americans Cut Back on Spending in April and Saved More Japan is Losing Control of the Yen

GERMAN GOLD BUYING: A Chart You Have To See o o o Margin Debt Breaks Out: Hits New Record 50% Higher Than Last Bubble Peak o o o Items from Mr. Econocobas: Peter Schiff- The Fed Considers a More Seasoned Approach – While Peter and others may not view the Fed in an insidious or conspiratorial way, I consider that to be a bit wishfully naïve. As I have heard JWR say in an interview, if you look at legislation it always seems to favor the bankers. Consumer Comfort in U.S. Slumps on Views of Buying Climate Financial Insanity Grips …

How Long Can OPEC Maintain Its Current Strategy? o o o Here’s a sad statistic from a Georgia think tank—Georgia Public Policy foundation: Cost of government: Federal regulation and intervention cost American consumers and businesses an estimated $1.88 trillion in 2014 in lost economic productivity and higher prices, according to “Ten Thousand Commandments,” by the Competitive Enterprise Institute. If U.S. federal regulation was a country, it would be the world’s 10th largest economy, ranking behind Russia and ahead of India. Given that our total national economy is somewhere in the $18 trillion range (GDP was listed as $16.7 trillion in …

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers. May was a dance between gold and the greenback, as the two fell back into a negative correlation. Gold traded in a tight range between $1185 and $1195 for the first part of the month, before a weakening dollar helped both gold and silver rally to a three-month high. The dollar hit a four-month low on May 15, then rallied into …

De-Dollarization Du Jour: Russia Backs BRICS Alternative To SWIFT o o o How To Survive a Banking Crisis o o o Investors Turning Away From Green Energy o o o Interview with Gerald Celente

JPMorgan Chase & Co. Warns Greece “Is Not Investable” As Germany Denies Any Deal Progress o o o Inflation acts as a pickpocket on the wallets of working Americans: Young Americans take a big hit given the small weight given to tuition in the CPI. o o o Millennials in Texas and in California reject home ownership for vastly different reasons. – H.L. o o o Lunch With Elvis (Sarcasm and fantasy) o o o This Is What Happens When A Millennial Tries To Get A Job. – H.L.

Two CEOs in one day…. Snapchat and Red Hat: Tech bubble will end badly o o o Why Russia Is On A Gold Buying Spree o o o IRS hacked, 100,000 taxpayers exposed o o o Meet the BLICS – New Source for Phony Dollar Support – By Jim Willie o o o Something BIG Is About To Happen To Silver o o o Greece Owes $1.2 Billion To Drugmakers As Government Can No Longer Afford Basic Medical Supplies. – H.L.