Category: Economics & Investing

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 had a wild ride to start the year, with plenty of economic and political turmoil to power the roller coaster price action. We saw prices move from $1,170 to $1,305, as turmoil rocked Europe, only to crash back to near $1,250 after a Federal Reserve policy meeting that the market makers deemed hawkish. Even so, gold had its …

More homeless camps are appearing beyond downtown L.A.’s skid row. – JMC o o o How screwed up is the world when savers have to pay banks to keep their deposits and those same banks turn around and pay debtors on their mortgages? This will end badly. – A.M. o o o Dublin Anti-Water Tax Protests Bring City To A Halt. – H.L. o o o Second Bank Failure of 2015 – Highland Community Bank in Illinois. – G.G. o o o Arctic Oil On Life Support

Is Another “Mortgage Meltdown” on the Way? o o o Market indicators suggesting a correction is coming: On Black Tuesday Shiller PE Ratio was at 30. Today it is at 26.2 and volatility is back in a big way. o o o Corporate Profits Soar, Average Incomes Plummet. – PLC Items from Mr. Econocobas: Greece: Will Syriza or Its Creditors Blink First? Thanks Obamacare: This Is What Americans Spent The Most Money On In Q4

60% Of Retail Sales Growth In Hong Kong Was Due To The iPhone 6 – H.L. o o o BIG TROUBLE FOR U.S. GOLD MARKET: No Available Supply When Price Skyrockets o o o Items from Mr. Econocobas: Video: Marc Faber – Gold is Now Inexpensive Russia Credit Rating Is Cut to Junk by S&P for the First Time in a Decade The Shrinking American Middle Class When Once Is Not Enough: Obama 3% Down Plan Setting Up Next Mortgage Meltdown

Reagan’s OMB head: Wealth inequality is a problem. – G.P. o o o Oil Wars: Teetering On The Edge Of Economic Disaster o o o Items from Mr. Econocobas: Japan’s Retail Sales Unexpectedly Slump in Challenge to Abe – Unexpectedly? You devalue your currency, prices rise, and “unexpectedly” sales fall? Do they live in a parallel universe where the basic laws of economics are suspended? Greek Bond Yields Spike as Syriza Scraps Austerity Subprime Bonds Are Back Seven Years After U.S. Crisis- Cause this worked so good the first time… David Stockman Trashes The Fed

Shocking Illustration Exposes The Tragic Collapse Of America. – G.G. o o o NYSE Invokes Rule 48 To Pre-Empt Selling Panic. – RBS o o o We’re No. 12! Report: U.S. Not Among Top Nations for Economic Freedom. – G.G. o o o Russia and China’s Growing Energy Relationship

Evidence Grows Showing Wall Street as a Negative Economic Force. – P.K. o o o Gold: Its Time Has Come o o o Comparing the inflated cost of living today from 1938 to 2015: US Dollar losing an enormous amount of purchasing power since 1938 o o o Items from Mr. Econocobas: Treasury Yields Rise From Record Lows as Fed Meets on Rates Path – Path to rate hike, that’s going be like finding the end of a rainbow… Greece’s New FinMin Explains “This Is What Happens When You Humiliate A Nation & Give It No Hope” – While there …

Markets or Mercantilism. – An interesting view of the free market. – S.B. o o o The global economy has degenerated into one massive currency war. This is not sustainable nor a rising tide that lifts all boats… o o o Items from Mr. Econocobas: Precious Metals Coveted Once More as Draghi Acts: Commodities S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows Greece Election: Big Syriza Win – This is going to get interesting. David Stockman: Meet Bloomberg’s Latest Idiot: Shobhana Chandra On Why Falling Prices Cause Hungry People To Starve

Goldseek Radio Interviews Chris Martenson. In this interview, Martenson describes what he calls Central Bank “Peak Credibility”, the credit market’s unrealistic expansion, the recent jump in the Swiss Franc, and the threat of a derivatives-driven global collapse. o o o The global economy has degenerated into one massive currency war. This is not sustainable nor a rising tide that lifts all boats… o o o Oil Crash Needs A Villain But The Story Is More Complex Than That o o o 27 Facts About The Middle Class In America After 6 Years With Obama In Office o o o U.S. …

Uncle Sam Is Coming After Your Savings. – G.G. o o o Remembering The Currency Wars Of The 1920s & 1930s (And Central Banks’ “Overused Bag Of Tricks”). – H.L. o o o The Davos oligarchs are right to fear the world they’ve made. – H.L. o o o Staggering Amount Of Debt Throughout The World. The Cause? War Is At Our Footsteps, And Countries Splurge To Do Whatever It Takes to Win o o o Rick Harrison Has Some Interesting Things to Say on Gold Scarcity

Currency Wars: Is Surrender And Option? o o o The United States Is Imploding, On The Eve Of Destruction. o o o Items from Mr. Econocobas: Draghi Commits to Trillion-Euro QE in Deflation Fight – I love it. “The risk of deflation forced Draghi’s hand.” Again, it’s more nonsense. It should read “with deflation threatening to collapse our debt-based monetary system, Draghi bails out the banks and sets the pace for assets bubbles” Davos Not So Sure About That Fed Rate Increase You’re Expecting

Russian Food Price Inflation Reaches Up to 150%. – H.L. o o o Rickards: Brace For Financial Storm 6x Larger Than 2008 – A.M. o o o Items from Mr. Econocobas: Switzerland Wins As Its Central Bank Surrenders Video: Peter Schiff :: Inflation Deterring Economic Growth The Euro Crashes To 12 Year Lows And Now The US Commerce Secretary Starts To Grumble About A Strong Dollar – Keep in mind the only way to win a currency war is to not fight and surrender, but don’t be mistaken the U.S. will likely join the war in full force again soon, …

Central bank prophet fears QE warfare pushing world financial system out of control. – G.G. o o o The Road To The Welfare State: Why 50% Of “Exceptional” America Gets Checks From Uncle Sam o o o Items from Mr. Econocobas: Honda Warns Against ‘Stupid’ Auto Loans Driving U.S. Sales Gains– Exactly… Video: Peter Schiff: Fed Caused Oil Crash, Stocks Next – This is from December but a must watch Obama Calls for Closing U.S. Income Gap Is Dollar Next? Investors Reassess After Swiss Shock: Currencies– Rate Hike? I am young but old enough to have bought a house and …