The American Dream deferred for young Americans: Living in rentals, inflated college tuition, and low wages await millions of young Americans. o o o Welcome To The Recovery: 40% of Americans Live Paycheck To Paycheck (Up From 30% In 2012) – G.G. o o o Items from Mr. Econocobas: Why the Greek Stock Market Is Crashing Again Video: Peter Schiff – Fed Can’t Raise Rates Without Pricking Bubble Chris Martenson interviews Mike Maloney – The Coming Wealth Transfer
Another Fabricated Jobs Report. – RBS o o o Greece’s stock market just suffered its worst collapse ever . – CDV o o o Items from Mr. Econocobas: Gold Bulls Return as Wagers on Stimulus Accumulate: Commodities Video: John Williams from Shadow Stats – America and Dollar in Trouble It’s Time to Start Paying Attention to Greece Again
New Rules: Cyprus-style Bail-ins to Take Deposits and Pensions o o o Average Federal Spending Per Household Nearly $30K. – P.M. o o o Egon von Greyerz: Global Deflationary Implosion Will Start Money Printing o o o Items from Mr. Econocobas New Law Would Make Taxpayers Potentially Liable For TRILLIONS In Derivatives Losses – This essentially already exists as they have an implicit guarantee from the government but suppose this would have it officially explicit. JWR has been warning about the derivatives since 2006 Japan Third-Quarter GDP Revised Down to 1.9% Contraction Rate Rises Spark ‘Massive Volatility’ Warnings
Social Security has become the de facto retirement plan for millions of Americans. o o o New Study Claims US Shale Gas Quantities Grossly Exaggerated o o o Macroeconomics Finally Gets Interesting o o o Are We Reliving The 1930s?
Creator of ‘Liberty Dollar’ Sentenced to Home Detention o o o Thanksgiving weekend sales fall 11%: NRF o o o The New Depression: 5 Decades in the Making and No End in Sight o o o Items from Mr. Econocobas: The Incredible Shrinking Incomes of Young Americans – A good article, but the author (like many) clearly misunderstands this to be a real recovery and thus is puzzled by this. They also don’t understand that falling prices, because of increased production, doesn’t cause a loss of jobs if we had a true, free market economy. ‘Near Perfect’ Indicator That Precedes …
JPMorgan Rushed to Hire Trader Who Suggested on His Resume That He Knew How to Game Electric Markets. – P.M. o o o The Morality and Legality of Debt Jubilee o o o Items from Mr. Econocobas: David Stockman: How The Federal Debt Went From $1 Trillion To $18 Trillion in 33 Years – Interesting since Stockman was the budget director the day we passed the $1 trillion mark. Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives It’s Official: America is Now No. 2
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives o o o Video: Afterburner w/ Bill Whittle — Lights Out! How We Could Lose Everything. – G.G. o o o Items from Mr. Econocobas: Russia Recession Signs Mount as Central Bank Stems Ruble Losses Guess What Happened The Last Time The Price Of Oil Crashed Like This?… T. Boone Pickens Predicts Return to $100 a Barrel – T. Boon Pickens has an agenda of his own but nonetheless worth reading what he is saying.
Chicago to boost minimum wage to $13 by 2019 . – RBS o o o New Signs Gold and Silver Are Returning As Monetary Assets o o o Items from Mr. Econocobas: Surprise End to India Gold Controls Boosts Wedding Demand The Retail Apocalypse Accelerates: Collapsing Holiday Sales Are A Signal That A Recession Is Coming PETER SCHIFF: Fed Yearns for Higher Inflation to Disguise Asset Bubbles
India Submits To The Free Market, Fails To Suppress Gold o o o Could Falling Oil Prices Spark A Financial Crisis? o o o Items from Mr. Econocobas: Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt Moody’s Downgrades Japan as Concerns Grow – This is the kind of thing you might see as a headline in a JWR novel, like Liberators. “The news came just after the country’s main stock market, the Nikkei, closed at a seven-year high.” Total US Debt Rises Over $18 Trillion; Up 70% Under Barack Obama
Gold Is A 6,000 Year Old Bubble o o o The kids aren’t alright: The trend continues to renting. o o o Items from Mr. Econocobas: Black Friday Fizzles With Consumers as Sales Tumble 11% Ruble Falls to Record Amid Bets Russia Intervened to Stem Slide Oil Shock Streaks Across Globe From Moscow to Tehran to Caracas. Ready for $40?
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 hit a 4 1/2 year low of $1,131 an ounce in the first week of November, then posted three straight weeks of gains to the $1,200 level. The rally was snuffed by the November 27th OPEC meeting, where oil production was maintained at its current levels. The resulting crash in crude oil futures pulled the currencies of oil-producing …
Hugh! Thank you for posting RBS’s link for the free WP program. We also use Libre Office, but even more, we have completely abandoned MS in favor of Linux. A fair amount of my work involves keeping our real estate website updated, which we use Kompozer photos for which we use a free program called GIMP, maps and more, and have gone completely down the open-source route. Linux has just released Linux Mint 17.1, which is, IMHO, by far the finest Operating System out there– even better than Apple’s. It’s not for everyone, but I encourage anyone who is looking …
The spot silver price dropped more than $1 at the opening bell November 30. This may be the buying opportunity you’ve been looking for. o o o Look at the property tax “debt” already accumulated on the Brown’s property and listen to how local officials in New Hampshire refer to that debt… as “our money”. I’m telling you, we live in a country packed with apparatchiks and collaborators. The Browns were chained to a tax treadmill, were slaves in every sense of the word – by dint of their attempt to “own” real property in America – long before they …
Financial Terrorists On The Road – Krugman And Rogoff Peddling Toxic Advice o o o A Golden Opportunity for Switzerland. – D.S. o o o Quick Take On Gold’s Drop, Oil’s Collapse And Worries About An Oil-Driven Credit Collapse o o o U.S. Orchestrating The Next Disastrous Global Financial Crisis o o o Stealth QE3: Operation Tokyo Twist
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