Category: Economics & Investing

What happens when 100 million Americans are not in the labor force? More pressure is being added on the one-third of working Americans supporting two-thirds of the population. o o o PONZI: Treasury Issues $1T in New Debt in 8 Weeks — To Pay Old Debt – G.P. o o o Items from Mr. Econocobas: Video: Gold Will Rise Faster Than Rocket Ship – Peter Schiff The Federal Reserve Is At The Heart Of The Debt Enslavement System That Dominates Our Lives “There Will Be Blood”: Petrodollar Death Means A Liquidity And Oil-Exporting Crisis On Deck

Podcast: 5 Reasons Why I Own Gold o o o Multi-generational living is here to stay in a low wage economy: Over 57 million Americans live in multi-generational households. o o o Items from Mr. Econocobas: Consumer Confidence Tumbles OPEC Fails to Take Action to Ease Glut as Crude Plunges Gold Price Eyed as Investors Await Swiss Vote

Dear Hugh, I’ve been following the blog for quite a while now, and have read more than one Self Directed IRA post. However, no one seems to address what happens when someone “withdraws” assets from such an account. In a typical tax deferred IRA, I pay no taxes on the money I put in, but do pay when I take it out. Leaving the whole Roth IRA issue aside, what happens if I buy property with my SD IRA and then become old enough to “withdraw” it? In other words, I know I cannot live on or use the land …

Facebook Can’t Cite Evidence to Support Claims of U.S. Tech Worker Shortage – P..M. o o o Ride Out The Apocalypse In Style With These Luxury, Disaster-Proof Condos. – A.C. o o o Nearly 1 in 5 Households Will Celebrate Thanksgiving on Food Stamps – G.P. o o o Items from Mr. Econocobas: Gold “Price” Spikes to $1,467.50/oz on Computer Glitch? Jobless Claims Spike 21,000 to 313,000, Highest Level in 11 Weeks Saudis to Push OPEC to Cut Output: CNBC survey

Senate Report: Scale of Wall Street Holdings Are “Unprecedented in U.S. History”. – P.K. o o o Commerzbank to Charge Fees to Discourage Large Deposits. – G.G. o o o Weak Oil Prices a Boon to Airline Stocks 0 Email . – K.P. o o o My Target Of Dow Jones Industrial Average 31,000 May Be Conservative

State Budgets Reeling from Low Oil Prices o o o Uncle Sam is Driving Americans to Let Go of Their Citizenship o o o Economic goals of young and old pulling in diverging directions: times will only get tougher for young Americans. o o o Items from Mr. Econocobas: Are You Better Off This Thanksgiving Than You Were Last Thanksgiving? All Eyes on Oil: What Will OPEC Do This Week?

As we prepare our lives for the unknown, the various categories needing attention are overwhelming.  Many start with the obvious: water, food, security, defense, and self-reliance.  Once we secure our basic survival needs we almost all come to the same next dilemma: money.  How do we shelter the fruits of our labor from the coming storm?   Retirement accounts are among the largest asset for the average American.  Many people have five and six figure sums of money in these accounts.  Whether you’re concerned about a currency collapse, government theft, or complete societal breakdown, finding a good home for these …

EPA Regulations To Raise Power Costs 37 Percent By 2020. – B.B. o o o Russia Might Be Forced To Cut Oil Production. – E.K. o o o Don’t Like an Industry? Send a Message to Its Bankers. – G.G. o o o Government In Action: IRS Seized Small Business Cash Deposits Without Notice

Russia Grabs Another 18.7 Tonnes Of Gold In October From The Market o o o Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed o o o Items from Mr. Econocobas: Peter Schiff: The Abenomics Death Spiral If You Are A US Investor Who Is Bullish Japan, Look Away 3 Of The 10 Largest Economies In The World Have Already Fallen Into Recession – Is The U.S. Next? Behold The Surge In Real October Earnings

$4.15 Per Pound: Ground Beef Climbs to Another Record High. – G.G. o o o Multiemployer Program Posts Record Deficit, Single-Employer Shortfall Shrinks, PBGC Says. – G.G. o o o Items from Mr. Econocobas: Deformations On The Dealer Lots: How The Fed’s ZIRP Is Fueling The Next Subprime Bust David Stockman: Take Cover Now – They Don’t Ring A Bell At The Top Part-Time Jobs Putting Millions in Poverty or Close To It

Ukraine Admits Its Gold Is Gone: “There Is Almost No Gold Left In The Central Bank Vault” o o o Serfdom is the New Normal ~ Gus Demos & Michael Krieger . – W.L. o o o Items from Mr. Econocobas: Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System As Ruble Falls Even Teeth Cost Too Much to Fix As Debt Piles Up, Japan Tries to Lock in Low Borrowing Costs

bail ins coming to a bank near you. – W.L. o o o 60% Of Households Get More Benefits Than They Pay In Taxes. – G.G. o o o Items from Mr. Econocobas: Economists Trim Fourth-Quarter U.S. Growth Forecasts Central Banks: The New Gold Bugs? Why Japan’s Money Printing Madness Matters

Hugh, Regarding K.D.’s article on becoming debt free, a 401K loan should be the last resort in most cases. “Paying ourselves interest” sounds like a fantastic deal, but it is not that simple. What many do not realize is that loan payments into a 401k (typically from payroll deductions) are made from after-tax dollars. When those dollars are later withdrawn from the 401k, they are taxed again. So, the dollars you “pay yourself interest” with will be taxed twice. Assuming the lowest federal bracket of 15%, that “additional 3.25%” the author mentions going into his retirement account will all be …