Shale Oil Production Will Fall 600,000 Barrels Per Day By June o o o The California renting tsunami: In the last ten years California has gained nearly 1 million renter households while seeing a decline in the homeownership rate. o o o Start preparing now, this economic collapse is inevitable and isn’t far. It might be worse than the Great Depression. o o o Lord Rothschild Warns Investors: Geopolitical Situation Most Dangerous Since WWII
Jim Willie: As Long As This Debt Based Fiat Currency System Continues With QE, Etc Interest Rates Will NEVER Rise Again Until Everything Blows Up And Collapses. o o o “Monetary System, World Order We’ve Had Since 1940s Is Collapsing” Warns Richard Maybury . – B.B. o o o Hallelujah! – Unemployment Plunges Due to 354,000 Americans Leaving the Workforce o o o Video: Vacationer in chief: Tens of millions spent on 38 Obama holidays
Americans Not In The Labor Force Rise To Record 92.9 Million As Participation Rate Declines Again. – T.P. o o o Obama Called Out On Keystone Lies o o o Items from Mr. Econocobas: Alan Greenspan Warns Stocks Are “Without Doubt Extremely Overvalued” Apple To Consume 1/3 Of World’s Annual Gold Supply? – This has got to be a bit overstated, both in terms of gold per watch and maybe the watches expected to be sold on this high end, but the rich are richer and luxury good sales continue to explode; with a brand like Apple, anything is possible. …
Living In Wonderland On The Road To Massive Worldwide Wealth Destruction And Panic. – B.B. o o o The Middle Class Meltdown o o o Items from Mr. Econocobas: Jobless Claims in U.S. Rise to Highest Level in Nine Months Mark Cuban: We’re in a Tech Bubble—and It’s Worse Than 2000 The Global Problem: Monetary Policy Can’t Fix An Economy’s Structural Problems Take Out A 7 Year Car Loan To Buy Stocks, CNBC Experts Advise – Hard to believe they are serious, but they are…
Rampant inflation means Russians are spending half of their incomes on food this year. – B.B. o o o Three Reasons Why US Shale Isn’t Going Anywhere o o o Only mass default will end the world’s addiction to debt. – G.G. o o o The Itch Is Back! Zero Down Payment Mortgages Return! (So Much For Learning Any Lesson From The Financial Crisis). – P.S.
Target To Cut Thousands Of Jobs, Eyes $2 Billion In Cost Cuts – T.P. o o o US running out of room to store oil; price collapse next?. – G.P. o o o Items from Mr. Econocobas: “Spectacular Developments” In Austria: Bail-In Arrives After €7.6 Billion Bad Bank Capital Hole “Discovered” Video: Peter Schiff – Shocking Admission & Denial from Alan Greenspan Consumer Spending Drops for Second Straight Month
THE GOLD STANDARD: Although it may be unrealistically optimistic, I believe my paraphrase of a Churchill quote: “Central Bankers will eventually do the right thing and return to a gold standard after they have exhausted all other alternatives.” While central bankers are exhausting all other alternatives, I worry about the collateral damage to 90% of the population who are not first in line on the fiat money gravy train that benefits the financial and political elite. Clearly, central bankers will return to a gold standard only if forced by a financial implosion, economic collapse or equivalent disaster. Hence, the powers-that-be …
Billionaire Warns Of Total Collapse End Game Scenario: ‘No Way Out… Your Money Will Be Worthless’. – B.B. o o o MARC FABER – World Economy Grinding to a Halt. Don’t Trade With Leverage o o o Items from Mr. Econocobas: Another Record: $4.235 Per Pound for Ground Beef Gold Falls From 2-Week High, Eyes US Policy Housing Bubble Redux: Subprime Auto Market Begins To Crack Mission Accomplished: Nasdaq 5000
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 silver and examine the “what” and “why” behind those numbers. Gold trended lower during February, after hitting multi-year highs in January, for several reasons. Physical demand from China was lower, after the habitual gold binge in January for the Lunar New Year. The Greek debt crisis tended to swing both gold and the U.S. dollar back and forth, but the warfare in Ukraine seemed to do little for gold …
Russian Supermarkets Freeze Prices for Inflation-weary Shoppers. – H.L. o o o An interesting document describing the mechanics behind the fiat money creation machine: Modern Money Mechanics. – P.M. o o o US Will Never Gain Oil Market Crown Says IEA Head o o o Exposure To Falling Oil Prices Driving Global Defaults and Slowdown
California Rental Armageddon: Nearly half of Los Angeles adults doubling up, working class moving out, or you have the option of simply living in poverty. o o o “That Couldn’t Possibly Be True”: The Startling Truth About the US Dollar. – T.F. o o o The long inflation con on the public: How the CPI severely underreports inflation and the slow erosion in the American standard of living. o o o Interview with Steve St. Angelo
Check the cushions! Thieves loot $18,000 worth of nickels from Florida home. – P.M. JWR Adds: Saving nickels makes sense. However, they are bulky and you will need to find a secure place for them. A hidden walk-in vault would be ideal, but just a very well-hidden compartment will suffice. o o o Items from Mr. Econocobas: Fourth-Quarter GDP in U.S. Rose Less Than Prior Estimate Here Is What Americans Spent Their “Gas Savings” On Why Does Maryland Have The Most Millionaires Per Capita? The Answer Might Make You Angry Pending Home Sales Miss For 5th Month In A Row
Take Your Money And Run!! Global Central Bank Conspiracy Exposed – Next Step: Confiscating Your Bank Deposits. – B.B. o o o Paranoia And Purges For Venezuela As Oil Misery Continues o o o Items from Mr. Econocobas: This Is What Happens To Gold In A Hyperinflationary Currency Crisis: Ukraine Edition Consumer Comfort Falls to 2015 Low as View of U.S. Economy Dims David Stockman- The Pathetic ‘Talk Therapy’ Of Janet Yellen 100 Reasons Why Janet Yellen Is Freaking Out About ‘Audit The Fed’
100 Reasons Why The Federal Reserve Should Be Shut Down o o o OPEC Considers Emergency Meeting On Oil Prices o o o Items from Mr. Econocobas: Bank of Israel Slashes Rates Video: Peter Schiff – Should We Have Bailed Out the Banks? The Next Debt Ceiling Crackup Is Coming Yellen: No Rate Hike for Next Couple FOMC Meetings – How long will the masses buy this nonsense of extend and pretend…
The Day the ATMs Run Out… – D.S. o o o Goldman Sachs Acts as Economic Hitman Against Public School Districts. – H.L. o o o Items from Mr. Econocobas: Video: Is Another Recession Looming for the U.S.? – This is a must watch in my opinion. You have to bear through his delivery, but the information is very good. Banks Face U.S. Manipulation Probe Over Metals Pricing Oil Rebounds After Libya’s Largest Field Shuts Down European Commission Accepts Greek Economic Measures After Review