Low Oil Prices Pushing Venezuela Towards Default o o o Banksters’ Bullion-Crisis At New Extreme? o o o America’s Tax System Has Lost Coherence, No Longer Performing Efficiently or Effective o o o Crude Oil, US National Debt, and Silver
This article is a must-read: World in a Box by John Rubino. The article begins: “Of all the problems with fiat currency, the most basic is that it empowers the dark side of human nature. We’re potentially good but infinitely corruptible, and giving an unlimited monetary printing press to a government or group of banks is guaranteed to produce a dystopia of ever-greater debt and more centralized control, until the only remaining choice is between deflationary collapse or runaway inflation. The people in charge at that point are in a box with no painless exit.” o o o OPEC Calls …
Did The Saudis And The US Collude In Dropping Oil Prices? o o o Video: How to create your own Promissory Notes – Michael Tellinger. A.D. Hugh notes: I would be interested in a report from any who have attempted to use this in the United States. It seems to me that a promissory note can’t just be reneged on regardless if it sold or not. o o o The Destruction Of The Middle Class Is Nearing The Final Stages. – B.B.
Rumors That Russia Is Selling Its Gold Reserves Dispelled o o o 2015 Will Be A Year Of Surprise, Panic, Desperation & Radical Change o o o Crude Oil, US National Debt, and Silver o o o All Net Jobs Growth Since 2007 Has Gone to Immigrants. – P.M.
America’s Tax System Has Lost Coherence, No Longer Performing Efficiently or Effective o o o Why It Won’t Be a Good Year to Own Stocks o o o OPEC Ministers Decry Price War Conspiracy Theories o o o John Williams: A Downhill Run For The Dollar in 2015
Obamacare’s Christmas surprise. – G.G. o o o Texas job growth outpaces rest of U.S. combined. – G.G. o o o Putin: Battered, Bruised But Not Broken o o o Craig Roberts: Is Ruble Collapse Act Of War-Paul o o o Thinkgs that make you go Hmmmm. Signing Off.
Dollar Store Nation: Largest percentage of Americans on food stamps while stock market disconnects from working class Americans. o o o This Is What a Currency Collapse Looks Like: Shopping Frenzy: “We Have A Lot Of Rubles Losing Value Every Second” o o o Items from Mr. Econocobas: Switzerland Introduces Negative Interest Rates to Weaken Franc Russians Flock to Stores to Pre-Empt Price Rises
Northern Star Bank, Mankato, MN, Becomes 18th Bank Failure of 2014. – G.G. o o o Fewer US-Born Americans Have Jobs Now Than In 2007. – G.G. o o o Items from Mr. Econocobas: David Stockman: The Fracturing Energy Bubble Is the New Housing Crash There Is Hope In Understanding That A Great Economic Collapse Is Coming WH Hails Economic Gains But Poll Finds Few Concur
U.S. Declares (Currency) War On Russia o o o Swiss Central Bank to Introduce Negative Interest Rates – G.G. o o o Items from Mr. Econocobas: Price of Gold in Russian Rubles – Just thought I would share this chart… Notice how fast things happen when they really make a move. Wouldn’t suspect it to be any different. A Full-Blown Economic Crisis Has Erupted In Russia Minimum Wage, Maximum Unemployment – This is for South Africa, but the economic principle is universal.
$4.20 Per Pound: Price of Ground Beef Climbs to Another Record. – RBS o o o Russians Rush To Stores As Country Fears Bank Run. – G.G. o o o Items from Mr. Econocobas: Meet the ‘Accidental American’ with a Big Tax Bill Wealth Shrinks as Middle-Class Takes Hit from Falling Home Prices We Just Witnessed The Worst Week For Global Financial Markets In 3 Years
Banks loosen lending standards to levels seen before financial crisis – G.G. o o o Russian bank manager: “This is the end of the banking system” – CDV o o o Items from Mr. Econocobas: U.A.E. Sees OPEC Output Unchanged Even If Oil Drops to $40 Russia Defends Ruble With Biggest Rate Rise Since 1998 Russian Rate Jump Fails to Stop Ruble Crash – This is looking like it is about to spiral out of control..
Same Currency War, New Battle Phase o o o Russian Rate-hike Stunner. – CDV o o o Low Oil Prices Could Point To A More Serious Problem o o o Multiple countries have closed their embassy in Egypt, as their country struggles with solvency concerns. It’s the worst economic crisis to hit Egypt since the 1930’s. Such a threat could lead to war. The worst economic crisis to hit Egypt since the 1930’s – CDV o o o Milk prices are about to fall big time. – K.W.
Paying Down The Debt Is Now Almost Mathematically Impossible. – E.B. o o o Items from Mr. Econocobas: Venezuela Has a 93% Chance of Defaulting on Its Debt Greek Bonds Extend Worst Week Since Euro Crisis Greek Stock Rout Means ASE Is 2014 Worst After Russia Memo To Citigroup CEO Michael Corbat: Does Your Crony Capitalist Plunder Know No Shame? – FDIC is not a free market solution, and Glass–Steagall was only needed because of FDIC. It’s an example of government regulations necessary to protect us from a prior government mandate. Perhaps we could try the free market again? Perhaps …
Cronyism and ensuring American taxpayers bailout the finance industry during the next crash: Nostradamus like spending bill will ensure big banks never fail with your money. o o o The US Mint (and Congress) inch forward to composition changes (or phase out) of pennies and nickels. (It looks like we will have at least one more year to accumulate “25/75” composition nickels.) o o o Items from Mr. Econocobas: Giving Up Your U.S. Passport Getting More Expensive Russia’s Rate Increase Fails to Halt Ruble’s Slide to Record Congress Narrowly Averts Government Shutdown
The Morality and Legality of Debt Jubilee, Part III o o o Items from Mr. Econocobas: 1.1 Trillion Dollar Spending Bill Unveiled So What’s In The Bill Giving Up Your U.S. Passport Getting More Expensive Russia’s Rate Increase Fails to Halt Ruble’s Slide to Record