Category: Economics & Investing

War On Cash Intensifies: JPMorgan Chase To Prohibit The Storage Of Cash In Safety Deposit Boxes o o o Massive Derivatives melt-down going on; Fed engaging in enormous RRP Reverse Repo op o o o Items from Mr. Econocobas: You Thought the Taper Tantrum Was Bad? Wait Till Fed Lifts Rates – I still believe the Fed won’t raise rates, but if it did things could fall out of bed quickly. The Mystery Of China’s Gold Holdings Is Coming To An End A Third of U.S. Citizens Have Less Than $1,000 for Retirement

Saudi Arabia’s Oil-Price War Is With Stupid Money o o o A reset coming to world financial markets and if you’ve been paying attention it’s impossible to ignore the signs o o o Items from Mr. Econocobas: The Fed Still Wants Easy Money – Sometimes I just have to laugh my way through articles. This is one of this times. U.S. Pushing for Greek Solution in ‘Interest of Entire World’ – Don’t know how this is going to shake out, but this really is worth following. Inflation Goal May Be Too Low, Says Fed’s Rosengren – Really?? Video: Faber: Global …

Student debt now makes up nearly half of federally owned financial assets. The student debt bubble edges on with many more unable to pay their debt. o o o The Rise of the Paper Machines o o o Items from Mr. Econocobas: Grexit Fears Cause GDP Forecasts to Plummet Did Greece Just Launch Capital Controls: “Mandatory Cash Transfer” Decreed Due To “Extremely Urgent Need” – Student Debt Accounts For Nearly Half Of US Government “Assets” US Teeters on Brink of Economic Collapse Due to ‘Dollar Bubble’ – Ron Paul

The World Bank has been found to have violated its own policies, on protecting the rights of indigenous peoples. o o o Ford to spend $2.5 billion on plants in Mexico, angering UAW. – A.W. o o o Oil Busts Triggering Economic Seizures: “A Stream of Bankruptcy Attorneys Running Around”. – H.L. o o o 1 out of 4 college adjunct faculty collecting government assistance: Students in debt and professors barely getting by all the while tuition soars.

IRS Budget Cuts: Tax Administration v. Tax Handouts – PLC o o o Most new US jobs are in vulnerable industries — food, drink, office temp, transactional stuff like banking, etc. — and it’s hard to see where tomorrow’s debt service payments will come from. o o o Wal-Mart’s ex-CEO Mike Duke joins private equity firm Carlyle. – RBS o o o THE U.S. GOLD MARKET: Completely Insane o o o Meet the latest country with negative interest rates. – S.B.

One of our largest firms involved in oil extraction! Schlumberger slashes 11,000 jobs. – H.L. o o o Why even high earners are struggling to save. – G.G. o o o Items from Mr. Econocobas: “We’re All Frogs In Boiling Water” Santelli Says After Lacy Hunt Warns “This Is Far From Over” Is May 9 The Grexit Date? – Interesting Take Stocks Slammed – Dow Tumbles 350 Points Into Red Year-To-Date US Rig Count Drops For Record 19th Week In A Row

How many more working persons can you fit into a household until the entire family cannot afford anything? o o o Is Saudi Arabia Setting The World Up For Major Oil Price Spike? o o o Items from Mr. Econocobas: Japan Now Holds More U.S. Debt than China – The trend here is interesting… Bets Are Off on ‘Grexit’ as Default Fears Grow Fed’s Fischer Says Fed Can’t Be “On Hold For Ever”, Spooks Bonds & Bullion

Guess who holds even more US debt than China or Japan. – G.G. o o o Ron Paul on CNBC: ‘The whole system is built on fractional reserve banking, accumulation of debt, and malinvestment….Things are very, very fragile.’ o o o From our friends Frank and Fern: Negative Interest is Here o o o Items from Mr. Econocobas: Why Is WalMart Mysteriously Shuttering Stores Nationwide For “Plumbing Issues”? – Not sure there is really anything to read into or not, but it’s interesting none the less. Greece Running Out of Time as Officials Draw Contingency Plans Draghi’s Deranged Paranormal: European …

What Happened When Maine Forced Welfare Recipients To Work For Their Benefits? o o o The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives. – B.B. o o o Items from Mr. Econocobas: Q1 GDP Expectations Are Crashing Video: David Morgan – Silver Is Historically Undervalued Video: James Turk Global Collapse with a Golden Backlash Fed Official Warns ‘Flash Crash’ Could Be Repeated

China’s export numbers miss expectations. – CDV o o o Stacking Silver = Simple Solution o o o Items from Mr. Econocobas: The Curious Case of Japan’s Hidden Inflation “We Have Come To The End Of The Road” – Greece Prepares For Default, FT Reports Confusion Over US Unemployment Continues

Peter Schiff: “It is going to be a QE buffet. In fact, it will end up being an all-you-can-eat buffet, but that’s all the Fed has on its menu.” o o o America’s job divide: Young vs. old. – H.L. o o o The new American retirement plan equates to working forever: Nonexistent nest eggs and most Americans are bad at planning as to how long they will live. o o o Shell Betting Its Future On LNG

Video: Ann Barnhardt exposes the blatant fraud in US financial markets, the IRS scandal, the financial enslavement of the American people, and whether Obama is conspiring to collapse our economy! o o o Why Another Great Stock Market Crash Is Coming o o o The mega Chinese stock market bubble: Over half of new investors only have a junior high education or less and the Shanghai Composite is up 100 percent in one year. o o o Citi Economist Says It Might Be Time to Abolish Cash

JP Morgan Issues Warning To Shareholders Concerning Next Financial Crisis o o o Feedlot, packer margins continue climb out of the red. – K.W. o o o THE COMING GOLD RUSH: There’s A Lot Less Gold In The World o o o When you think the financial world can’t get any crazier… this happens

China Gold Reserves Rise To Threatening Level o o o One Last Look At The Real Economy Before It Implodes – Part 4 o o o Items from Mr. Econocobas: Euro Zone Sets Greece Reform Deadline Ahead of IMF Repayment Why This Earnings Season Could Be The Worst Since 2009 Minimum Wage: Disadvantaged Youth Are Crucial Issue

Top 12 Media Myths On Oil Prices o o o 19 Signs That American Families Are Being Economically Destroyed o o o Items from Mr. Econocobas: Dollar Weakens against Yen as BoJ Stands Pat Despite Data, Americans’ View on Economy Reaches 8-Year Highs Gold Is Beating Stocks This Year—Here’s Why – Again the belief that at any point this side of a dollar crisis that they will raise rates is comical, in my view. “Odious Debt” Has Finally Arrived: Greece To Write Off “Illegal” Debt – Greece is definitely worth keeping an eye on, but at the end of the …