An Austrian bank just collapsed! Hypo Alpe Insolvency Is Uncontrollable, Austrian Regulator Says! – A.D. o o o The Austerity Diaries: How Saving Money Is Better Than Earning It – H.L. o o o Items from Mr. Econocobas: Fed Looks At Exit Fees On Bond Funds Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High Gasoline at U.S. Pumps Set to Hit Six-Year Seasonal High Consumer Prices Rise Sharply in May
Fed Prepares For Bond-Fund Runs, Looking At Imposing “Exit Fee” Gates. – RBS o o o Generation R – Millennials are largely living at home or opting to rent. What happens when homeownership is less accessible to younger Americans? o o o Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High. – G.G. o o o The Age of Transformation – H.L.
It has happened. The event that we have all talked about for so many years has come to fruition. The banking and monetary system, after many years of bail-outs and market manipulations, has finally collapsed. Many have plans to “bug out” to the safety of their isolated retreat where they plan to hunker down and weather the financial tempest that surrounds them. I have to admit that this is probably the best short-term plan to survive, but what do you do when your supplies run out? What will the long-term solution be, until a new monetary system is established? How …
Podcast: The Hidden Truth About U.S. Inflation o o o How Will You Fare The Coming Economic Collapse? o o o Items from Mr Econocobas: Housing Hit The Wall of Wall Street In May U.S. Banks Seen Falling Short of New Debt Funding Rule “Cluster Of Central Banks” Have Secretly Invested $29 Trillion In The Market
Income Gap Widens as American Factories Shut Down – H.L. o o o Items from Mr. Econocobas: All Eyes on The Fed This Week U.S. Stocks Fluctuate Amid Iraq Tensions, IMF Forecast The United States Of Debt: Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars- NOT Including Unfunded Liabilities Why Q2 GDP Will Disappoint In One Chart
You know things are bad when even Lloyd Blankfein warns of impending financial system reset!. – H.L. o o o Items from Mr Econocobas: Introducing the newest tactic for governments to raise cash Size of income tax drop surprises U.S. states: study Lean Retirement Faces U.S. Generation X as Wealth Trails
Future Fear. – B.B. o o o This Is When All Hell Is Going To Break Loose In Major Markets o o o Items from Mr Econocobas: Another Reason For Middle Class Decline: Late Inning Bubble Chasing Japan Inc.’s Worst Quarterly Outlook Since The 2011 Earthquake Weidmann Warns Against Central Bank Purchases of Government Bonds America’s middle class: Poorer than you think
Why Gold’s Base Price Should Be North Of $2,000 o o o British middle classes will be replaced by ‘tiny elite and a huge sprawling proletariat’, says Government adviser . – P.M. o o o Items from Mr Econocobas: 12 Numbers About The Global Financial Ponzi Scheme That Should Be Burned Into Your Brain Russia Is Doing It – Russia Is Actually Abandoning The Dollar The Winter Was So Cold No One Got Sick! Lower Health Spending To Push Q1 GDP To -2% Another Fiscal Time-Bomb: Public Pensions Assume Perpetual Bull Market And Still Have $1.1 Trillion Deficit
My conclusion of why you pay for Banksters crimes: Big banks that assist the US Treasury in exchange for their implementation of financial policies overseas are almost universally held harmless in De Facto Immunity from prosecution for domestic and international financial crimes. In a clear case of what I think is a perfect “Quid Pro Quo” (“this for that”, in Latin) the bank personnel above the lower ranks are protected. The bank executives know they will not serve time and, in the worst case, only fines will be levied on the bank. Those fines are merely a cost of doing …
19 Reasons That Show The Economy Is In Trouble o o o Items from Mr Econocobas: IMF Sounds Global Housing Alarm Oil Climbs, Stocks Fall on Iraq Conflict; Platinum Slumps U.S. Stocks Decline on Economic Data Amid Iraq Tension Here’s Partly Why the Student Loan Market Is Completely Insane
Student Debt On Course To Sink America’s Economy o o o Items from Mr. Econocobas: Fed Prepares to Maintain Record Balance Sheet For Years How Japan Blew Its Savings Surplus: What A Keynesian Dystopia Looks Like Half of College Grads Still Relying on Parents’ Money 19 Reasons Why You Can Laugh When Anyone Tells You That The Economy Is In Good Shape
Electronic Cash: The End of Privacy o o o Houston, We Have A Problem – or – Market Extremes Are Back – G.C. o o o Items from Mr. Econocobas: 15 Quotes From Our Founding Fathers About Economics, Capitalism And Banking Underneath the Propaganda, Americans Are In BAD SHAPE Economist: U.S. Banks Preparing To Charge Customers For Deposits
37.2%: Percentage Not in Labor Force Remains at 36-Year High o o o Items from Mr. Econocobas: 1 in 6 American Men Between Ages 25-54 Are Not Working Last Time This Happened, The Financial Crisis Broke Out Truth About The Jobs Report And The Economy Credit-Card Use Surges In April This Is What Irrational Exuberance Looks Like: ‘Five Years Later, Do We Face A Market Melt-Up?
The Madness Of Crowds And The Great Insanity – J.W. o o o 37.2%: Percentage Not in Labor Force Remains at 36-Year High. – B.B. o o o Items from Mr Econcobas: 25% of Americans Saving $0 For Retirement Americans Think Economy Won’t Recover Until 2017 Abenomics Spurs Most Misery Since ’81 as Senior Scrimps Peter Schiff: Snow Job
There seems to be a significant uptick in the number of people who are concerned about preparing for unforeseen circumstances. Have you been studying on the necessity of prepping, but you wonder how you can afford it? Do you read article after article that outlines someone else’s backup plan, the backup to the backup plan, as well as plans A, B, and C on any number of topics? Are you concerned about inflation and food prices but can barely afford to feed and clothe your children? So am I. Flash back to 2012, when Hurricane Sandy made landfall on the …