How retirement plans vastly underestimate inflation. – G.G. o o o CEO of Gallup calls jobless rate ‘big lie’ created by White House, Wall Street, media. – M.S. o o o Arizona panel OKs gold, silver as legal tender. – D.S. o o o Items from Mr. Econocobas: Peter Schiff – The Bravado of Borrowers Video: Peter Schiff – Quantitative Easing 4 Will Send Gold toward New Highs
JWR, I would like some information on saving coins. I have been going through my coins and want some clarity on what to save. I have saved all pennies, nickels, quarters, dimes, and so forth from the years 1940 to 1999. Those from 2000 to present have been taken to the bank. Is this correct or should I be saving nickels and quarters from 2000 to present also? It is amazing how much change a person can accumulate and the amount of older money that is in the system right now. – D.D. JWR responds: There is no significance to …
Interview: The Utter Lack of Dissent with Craig Hemke aka Turd Ferguson o o o Obama’s New Budget Does Stricken Oil And Gas Industries No Favors o o o Items from Mr. Econocobas: U.S. Factory Orders Fall Sharply, Decline Broad-Based – “New orders for U.S. factory goods fell for a fifth straight month.” Gallup CEO: “America’s 5.6% Unempoyment Is One Big Lie” Negative Yield Bonds: Here’s Who’s Buying ECB Pulls The Trigger: Blocks Funding To Greece – Full Statement
The Legacy of Debt: Interest Costs Poised to Surpass Defense and Nondefense Discretionary Spending. – G.G. o o o The largest bracket of tax payers in the United States is made up by those making $15,000 a year or less: Half of all federal taxes paid by those making $250,000 or more. Sample $50,000 budget. o o o Items from Mr. Econocobas: Worker Pay in U.S. Rose at a Slower Pace in Fourth Quarter Why Central Bankers Around The World Have Lost Control David Stockman: History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts And Exit The …
Just as we will need people with blue-collar skills, like farmers, carpenters, mechanics, welders, and so forth, society will also need entrepreneurs who have the inventory and negotiating skills required to open stores and to restart local economies in the event of an economic collapse. In such times, it will be mutually beneficial for a farmer to let the local trading post sell his produce as a middle man while he is working the farm rather than spending precious hours each day trying to sell that produce himself. Most preparedness articles talk about the importance of having extra items on …
‘Secret’ Gold Repatriation: The Banksters’ Newest Bullion Scam o o o Interview: The Quickening with Jim Willie o o o Items from Mr. Econocobas: Which Central Bank Will Shock Markets Next? Will Gold Ever Top $1,300 Again? – Just had to include this article.. The entire premise of this article is based around a recovery that is largely an illusion and that the U.S. can sustain interest rate hikes. How Americans Are Spending Their Windfall From Cheap Gas- Kind of sad.. Obama’s $4 Trillion Budget Sets Up Fight with Congress
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
In prepping, I never thought about my wife not being by my side. We have both come to believe that the world, as we know it, will evolve into a world where we do not belong. We both work to make our home happy and educate our child. We are paying for braces on her teeth, and we want the best for her. However, nine months ago, a close friend of ours was diagnosed with an inoperable brain tumor. We saw a lady go from being a loving and caring wife, mother, and school teacher to a woman who fought …
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