GAO: IRS Lacks Adequate Internal Controls. – PLC o o o How Much Interest Has Your Food “Bank” Earned This Year? o o o Items from Mr. Econocobas: Marc ‘Dr. Doom’ Faber: I will soon be proven right Japan’s Slip into Surprise Recession Paves Way for Tax Delay, Snap Poll Japan Unexpectedly Enters Recession as Abe Weighs Tax: Economy
Report: 25 Percent Of Connecticut Households Above Federal Poverty Level But Struggle To Meet Basic Needs. – G.G. (Free registration required to read the article. Don’t violate OPSEC.) o o o Nearly half of Florida households are struggling financially, United Way reports. – G.G. o o o Turkey production down, wholesale prices up . – M.M. o o o Borrowers, Beware: The Robo-signers Aren’t Finished Yet. – G.G. o o o Gold shortage worst in over a decade
HJL, KDs advice on getting out of debt and getting spending under control is spot on, but I am curious what KD and the SurvivalBlog editor recommend for retirement savings. Obviously silver and gold are vital components of any investment portfolio, as a hedge against the failure of currency, but these investments do not pay dividends and cannot be relied upon as a complete retirement plan. When investing for the auction price of a stock, as the mainstream foolishly recommends, I agree with SurvivalBlog that the stock market can be a dangerous store of wealth. However, if you approach investing …
Weather, tight supplies drive U.S. cattle prices to new high o o o Winging it through retirement: 30 percent of Americans have no retirement savings. o o o The politics of housing: Why are many blue cities unaffordable to the middle class? o o o Items from Mr. Econocobas: 24% Of Millennials “Expect” Student Loan Forgiveness – As someone with student loans, I understand the frustration of an highly overpriced “asset”, but this is insanity to even think this. Video: David Stockman Interview On Bloomberg TV: Congress Is In A Fiscal Coma—Do Not Disturb! Video: David Stockman Interview On Bloomberg …
Meanwhile, I made another spreadsheet. This spreadsheet listed everything we owned, and I do mean everything. Well, it included everything except our house. We were underwater and basically renting anyway. Since we were at war with the banks, everything was in the fight, including all of our preps, everything. After all, this was our SHTF situation to deal with. We prioritized our “stuff ” from 1-5. An item identified with a one was among the most useful to our survival, and those things that were least useful were given a five. We then began selling the items listed as fives …
ISIS Unveils Its New Gold-Backed Currency To Remove Itself From “The Oppressors’ Money System”. – B.B. o o o The Reverse Of Central Bank Gold Flows Spells The Death Of The Dollar o o o Items from Mr. Econocobas: The Economic End Game Explained – This is a must read. Video: David Stockman Interview On Bloomberg TV: Reagan History Is Revisionist Mythology Foreclosures Spike as Banks Ramp Up Repossessions – I’ve lived next to a very nice unoccupied home for three years now, in a sought-after neighborhood, that has not even gone through the foreclosure process. These homes are all …
We recently experienced our own financial SHTF situation. Well, that’s true, if you could call six years “recent”. Before I get into our situation, I think a little history would be appropriate. The wife and I had started prepping together in 2002. We actually were taking baby steps prior to that but when the economy trashed we went all in. I thought that was it. There was no way we, as a nation, could just print money and keep the ship afloat. Early in 2009, I realized we may actually have a bit more time. If every civilized country in …
Vladimir Putin “Prepares For Economic War”, Buys Whopping 55 Tonnes Of Gold In Q3 o o o The Economic End Game Explained. – J.W. o o o Items from Mr. Econocobas: Ask The Expert Interview with Chris Martenson from Peak Prosperity Mortgage Volume Stalls with Rates 24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy
IEA Says Oil Supplies May Not Keep Up With Demand o o o Banks fined billions for rigging currency markets – G.G. o o o Items from Mr. Econocobas: What the Economy Has Done to the Family If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster? Fears of German Recession as Moment of Truth Looms Fed’s Rosengren Says Fight for Higher Inflation Should Be Vigorous– There’s so much I want to say, but this illustrates how fundamentally the economy is in a depression wanting to clear the imbalances by deleveraging, but the Central Bankers …
Mr. Editor, Would you please ask Mr. Rawles why the price of silver coins and silver in general has dropped in price. Since I bought mine, it’s lost half its value. Is it going to go back up? Thanks so much. The info on your website is invaluable. – C. in OH JWR responds: The futures and spot silver markets are quite thin and easily subject to manipulation. It is presently being pressed very hard by the market manipulators. The REAL price of silver is somewhere around $22 per ounce. Just look how quickly it sells for that on the …
Younger Generation Faces a Savings Deficit. – G.G. o o o Items from Mr. Econocobas: Retailer Schism Widens Over Whether to Open Thanksgiving – This is sad, but the broader point is: if we had such a great recovery going on, why are these stores so intensely desperate for sales? Predictors of ’29 Crash See 65% Chance of 2015 Recession – They don’t let on that they are aware of how structurally unsound the U.S. is, rather they point to weakness worldwide dragging the U.S. down; so, to that extent, I disagree. Fed Money Printers At Work: Top 1% Gains …
HJL, We have ordered both ammo and silver through the mail from time to time and my response to my nosy FedEx guy is that it’s batteries for my UPS or the lawn mower. – WKJ o o o Hugh, Regarding MF’s problem with the UPS driver being curious, first of all, the driver knew it wasn’t bullets by the lack of an ORM-D label. It was probably insured, and the drivers know that, too. Tell him you’re getting into developing a wildcat cartridge loading and the box is full of custom machined solid copper bullets in say .284 caliber …
Physical gold and silver, which represent the only real money out there with no counterparty risk, are now such a threat to our rapidly crumbling global fiat currency system that the central banks are going to ever greater lengths to hoodwink the public and keep them away from the two assets. Instead of people selling their gold and silver, they should be buying it hand-over-fist and getting out of these overpriced bonds, stocks, etc. John Embry On The Ongoing War In The Gold & Silver Markets – J.W. o o o Items from Mr. Econocobas: John Hussman: The Stock Market …
SurvivalBlog Reader G.T. informs us that the “non-inflation” has affected his chicken raising: “I went to the local feed store here in Spokane and went in to purchase some chicken feed. I was told that the price is the same, but I get 10 lbs. less for the same amount of money. Instead of 50 pounds the feed bags now come in 40 pound bags for the same price. Ouch! The wife and I are now inclined to give the critters more scraps from the kitchen on a regular basis.” o o o Germany’s Third Largest Political Party Sells €1.6 …
Faking It – C.C. o o o The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now o o o Rents are soaring — and so are evictions – G.G. o o o Jim Rickards Exclusive Interview: The Fed Basically Still Uses LTCM’s Financial Models. – H.B.