Category: Economics & Investing

HJL, I had a bunch of change in the console of my car, a lot actually. I was thinking about using Coinstar to count it and give me cash, but I didn’t want to pay the fee. So, I went to their website. The option to get cash back is still there (they take 10.9%), but now they also offer an electronic-gift certificate from various vendors with no fee to such places as Amazon.com, Lowes, iTunes, and more. So at lunch I put all the change into a small box, found a Coinstar machine at a QFC, carefully went through …

The government is already in a soft default and is addicted to low interest rates: Government expenses at $3.87 trillion while receipts enter at $3.29 trillion. o o o Items from Mr. Econocobas: Charting Banzainomics: What The BOJ’s Shocking Announcement Really Means GOP Senate Takeover Would Put Fed Under Microscope U.S. Trade Deficit Widens in September; Exports At Five-Month Low Petrodollars Leave World Markets for First Time in 18 Years

Silver Coin Sales At U.S. Mint Soar To Highest In Two Years o o o Items from Mr. Econocobas: Most People Cannot Even Imagine That An Economic Collapse Is Coming Ted Butler: The Silver Nightmare Will Be Over Soon Share of First-Time Home Buyers Hits 27-Year Low BoJ Bazooka To Spark Currency War

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. The marketplace in October was focused on how fast the European Union economies were going down the tubes and how badly it would affect the U.S. economy. Ebola continued to dominate the news channels on TV, while a slump in oil prices squeezed oil-producing countries, from OPEC to Russia. Gold fell to a monthly low on October 3rd of …

NEWSFLASH: The Fed Isn’t Stopping QE! JWR’s Comment: I told you so. o o o The oxymoron of the labor force when labor means not working: 92 million Americans are not in the labor force with 12 million of those being added only in the last 4 years. o o o These Poor 3Q Earnings Reports Foretell 2015’s Economy o o o Kim Kardashian and Fiat Money Have The Same Intrinsic Value o o o China Filling Strategic Reserve With Cheap Oil

It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”. – B.B. o o o 4 Basic Truths to Help You Navigate the Financial News o o o World War I ended 96 years ago but Britain is just starting to pay off its debt . – G.P. o o o The Wrath of Draghi: First German Bank Hits Savers with Negative Interest Rate . – CJB o o o Chicago Bank Largest to Fail in 2014. – G.G.

UK finance ministry says takes orders for first renminbi bond. – G.G. o o o Slowly but surely. The pace seems to be picking up though. China puts a new nail in dollar coffin as it begins direct trade with Singapore. – A.H. o o o Items from Mr. Econocobas: Greenspan: Fed Can’t Exit Without Turmoil Why Did Q3 GDP Jump: Thank ISIS And The “War On Terror” U.S. Homeownership Rate Falls to Lowest Since Early 1995

US Homeownership Rate Drops To 1983 Levels: Here’s Why. – G.G. o o o Alan Greenspan: Gold Is A Good Place To Put Money These Days o o o Items from Mr. Econocobas: Obamacare Sends Health Premiums Skyrocketing By As Much As 78% – This is about spot on to what I have personally experienced in the private market as well. Does This Look Like A Housing Recovery To You? From This Day Forward, We Will Watch How The Stock Market Performs Without The Fed’s Monetary Heroin U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over …

The American Illusion of Prosperity o o o Items from Mr. Econocobas: Japan Finance Minister Will Consider Stimulus after Q3 GDP Data How Will The Stock Market React To The End Of Quantitative Easing Federal Reserve Plans Next Phase as End to Stimulus Program Is Expected- This is a pipe dream in my analysis Fireworks Fly As Peter Schiff Warns “An Economy That Lives By QE, Dies By QE”

In some regions, a top quality metal detector might be a good investment: Massive 6.07 Pound Gold Nugget Found In California o o o Here’s a major risk you’re probably taking without even knowing it (and how to stop it) – S.B. o o o Items from Mr. Econocobas: ECB – 25 Banks Not Strong Enough To Withstand Another Crisis Can’t Find Any Inflation? Here’s A Place To Start Pending Home Sales in U.S. Increase Less Than Forecast Hundreds Give Up U.S. Passports After New Tax Rules Start

Why The $1.5 Quadrillion Derivatives Market Will Disintegrate To Worthlessness o o o Asset protection of retirement funds after Clark. – K.W. o o o 7 things the middle class can’t afford anymore. – G.G. o o o Smoke and Mirrors, Paper and Paste. – C.B. o o o Global Economy Has Collapsed-Andy Hoffman. – J.W.

It Is Time To Embrace the New Refrain “Got Silver?” – G.G. o o o Saudi Arabia: Producing More Crude, Selling Less? o o o Economic Collapse Lies Just Around The Corner o o o Weimar Germany, Global Bank Takeover, Gold, Silver & Oil o o o JP MORGAN GOLD INVENTORIES: Fall A Stunning 33% In One Day. – J.W.

The Fed “IS” the Problem!. – JFJ o o o Russia Adds A Record 1,200,000 Ounces Of Physical Gold To Their Reserves o o o Homage to Catalonia: Why These Secession Movements are Growing o o o Items from Mr. Econocobas: Weak Yen’s Tap on Worker Wallets Fuels Debate ECB Bond Purchases Seen by Traders Exceeding $1 Billion