“Fundamental Imbalance”: The GAO’s visualization of our long-term budget crisis. – G.P. o o o Slavering Wolves of Inflation. – H.L. o o o Items from The Economatrix: If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States Global debt enters terminal velocity mode: Why central banks have no intention of slowing their public and private debt binge. U.S. retailers probably had decent showing in April
Rise of American Expatriation. – Divorcing America. – S.B. o o o The Writing Is On The Wall… And We Should All Read It – H.L. o o o Items from The Economatrix: The Next Shoe Drops Just 2 Days After The Last One IRS Audited Tea Party Donors Ten Times More Often Than Regular Americans “Capital” As Seen By An Austrian Economist
This Will Trigger Massive Crisis & Panic All Over The World o o o One in 10 Americans don’t carry paper money anymore – G.G. o o o Items from The Economatrix: Roubini: We’re At The Very Start Of A Credit Bubble Long-Term Jobless Still More Than One-Third Of Unemployed Geithner Says Efforts To End Too-Big-To-Fail Are ‘Misguided’ Efforts to deal with corruption are never misguided. Congress May Raise Bar For A Bank To Qualify As ‘Systemically Important’ To $100 billion If it fails because of corruption and mismanagement, it should still fail. It’s obvious the really big guys who …
My analysis of the true price of silver in today’s dollars – G.P. o o o It’s Very Clear That The U.S. Economy Isn’t Growing o o o Items from The Economatrix: Fed Takes Step To Limit Size Of Biggest Banks Watch for bank mergers before any 100-billion-bar legislation takes place. Job growth picking up, but data likely to show worker confidence still low WSJ Survey: Economists See Growth Rebound The Economics Of Marriage This Is What’s Going To Happen When All Hell Breaks Loose
Hugh, J.L.’s article was a little light on the math. I would assume (assumption #1) that the “Christian Era” referred to in “A Response to Ideas Concerning a Post-Collapse World” started with the birth of Jesus (hence the “A.D.” in our dating system). Given that as the starting point, 5 pennies (were they modern-day pennies, assumption #2) invested at 5% annually for roughly 2,000 years would now be worth $214,703,801,016,035,000,000,000,000,000,000,000,000,000, according to my Excel spreadsheet calculations. Converting that dollar amount to gold (a more compact measure of value than copper coin) at $1308 (5/6/14 at 2 PM, Kitco, assumption #3) …
Saxobank Warns China Is Exporting Deflation (And It’s Not Going To Stop Anytime Soon) – H.L. o o o The Shocking Increase Of College Tuition By State – B.R. o o o Items from The Economatrix: Banks Close in Donetsk – A Lesson For The Rest Of Us U.S. April Budget Surplus $114 Billion: CBO Consumer Credit Accelerates In March Yellen Stays Upbeat But Is Watching Housing Yellen: Geopolitics, U.S. Housing Could Slow Recovery
The Shocking Increase Of College Tuition By State – H.L. o o o Jim Rogers: Hold Onto Your Gold o o o Items from The Economatrix: Celebrate The Recovery By Buying Restaurant Garbage (And Yes: There’s An App For That) Bank Of America Online Banking Down:SOME REPORTING HAS BEEN DOWN SINCE 5/1 Is IMF Preparing For Dollar Collapse? Dr. Jim Willie-Russia May Want Gold Not Stinking Dollars
US household debt nearly twice as high as annual wages and salaries: Inflating the consumer debt bubble with student loans and auto debt. o o o Warning: The Ukraine Is At A Flashpoint o o o Items from The Economatrix: The “Economic Recovery” Continues: Businesses Are Being Destroyed Faster Than They Are Being Created Will Detroit Be The First Major Chinese City In The United States? The Impending Retirement Crisis: Pushing The Financial Constraints Of An Economy Where Many Will Rely On Social Security For The Bulk Of Their Income On The Backs Of A Growing Young Low Wage Workforce. …
IMF Loan to Ukraine in SDR, not US Dollars. – B.R. o o o Jim Rickards: Expect A Sudden International Monetary Collapse o o o Items from The Economatrix: Economic Preview: Trade Deficit May Narrow U.S. Economy Gains 288,000 Jobs In April John Embry: Hold onto Gold as ‘Currency Event’ Likely Richard Russell – D**n The U.S. Lies, Untruths & Propagandal
America’s Decadence Signals End of an Empire o o o Winners and Losers in the Inflation-Deflation Tug of War o o o Items from The Economatrix: The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000 The Disappearing Labor Force: Over 800K Americans Drop Out Of Labor Force. Since End Of Recession, Those Not In The Labor Force Has Grown From 80 Million To 92 Million. Workers Younger Than 55 Lost Jobs In April. It’s An Illusion: Here Are the REAL Unemployment Numbers
Hugh, I noted the post in Economics and Investing on 30 April. I would like to share my experience with Wells Fargo which occurred about 20 years ago. I went in to the branch to access my safe deposit box. After telling me that I had no box, we sorted out that they had made a mistake about deducting my annual fees and closed my account. The next thing they said was that there was no such box. I convinced them that there was such a box, and we went into the vault and the previous location of my box …
Why You Should See the Next Crash Before it Happens o o o The Future of Money that No One Saw Coming… o o o Items from The Economatrix: Unexpected Rise In Jobless Claims Consumer Spending Stronger Than Forecast Gold Is Likely To Fall Further Before It Rallies
Get Ready for Regulators to Peer Into Your Portfolio . – L.M. o o o The overt and blatant manipulation of the gold and silver markets on the Comex reflects frantic desperation – but why?. – B.R. o o o Items from The Economatrix: US Economy Is A House Of Cards — Paul Craig Roberts:The US Economy Is A House Of Cards. Every Aspect Of It Is Fraudulent, And The Illusion Of Recovery Is Created With Fraudulent Statistics. NY Times: Criminal Charges Are Finally in the Wings for Big Banks The Refi Boom Is Dead; Applications Drop To Lowest Since …
Yellen: How High Is Up? o o o Against the Crowd: Buy Treasurys o o o Items from The Economatrix: Dismal GDP Triggers Double-Dip Recession Fear U.S. Homeownership Rate Lowest Since 1995
U.S. Lost $11.2 Billion in GM Bailout, TARP Report Says – G.G. o o o What the Fed Is Really Doing to Your Money o o o Items from The Economatrix: Too Broke To Leave Home Even At 35 Years Of Age: Over 30 Percent Of Young Adults Under The Age Of 35 Living At Home. Home Ownership Rate Of Young Adults Continues To Plummet. U.S. Economy Slows To Stall-Speed Fed Says Economy Improving A Little