From Jim Willie of the Golden Jackass Newsletter: Derivatives: Abuse, Props, Risks o o o The 14th one to go this year: U.S. regulators close small bank in Chicago . – G.G. o o o Items from Mr. Econocobas: U.S. Meat, Seafood Prices Rising on Drought and Disease: USDA US New-Home Sales Plummet in June No Inflation Friday: Dollarized Panama Issues Price Controls For Basic Goods
8,000 businesses flee Maryland. – H.L. o o o Items from Mr. Econocobas: America The Divided IMF Fears Ultra-Low Rates Are Fuelling Asset Bubbles- Oh Geez, Really?? Mars, Maker of M&M’s, to Raise Chocolate Prices 7 Percent
Why You May Avoid Beef This Summer o o o Wage growth still muted in latest report on median earnings. – H.L. o o o Items from Mr. Econocobas: New Home Sales Collapse 20% From May To Dec 2012 Levels; Biggest Miss In A Year EU to Weigh Far-Reaching Sanctions On Russia Japan Trade Deficit Expands After Exports Unexpectedly Drop
The “Gates” Are Closing: SEC Votes Through Money Market Reform – A.L. o o o Items from Mr. Econocobas: This Time Is Not Different: Why The Market Is Heading For A Fall Consumer Prices in U.S. Climb on Jump in Gasoline Costs- Again Failure to Realize Why Gasoline is Rising Gun Buyers Scoop Up AK-47 Rifles After New Sanctions
A trend to working fewer hours and low wage labor: Is America looking at becoming a low wage nation in a race to the bottom? 1 out of 4 people working are in jobs paying $10 an hour or less. o o o The Economy Is Deteriorating Fast – RBS o o o Items from Mr. Econocobas: Price of Beef and Bacon Reach All-Time High High Gasoline Prices Push Up U.S. Consumer Prices- Or How About Just All The Money Printing?? New College Grads Hit By Slow Wage Growth: Fed Study
Post-SHTF America will see the end of the current modern centralized-style of mass manufacturing and all of the poor-quality foreign imports. However, it will also see the rise of the new, local, home-based and small-scale manufacturing of local, functional, non-electric, and reusable items that will replace all of the electric, disposable, and toxic items that are purchased and used now. Unless you have a group that includes two doctors (a doctor cannot operate on himself), two dentists (a dentist can’t fill his own teeth), a nurse, a pharmacist, and a herbalist, as well as the teens to act as apprentices, …
What Recovery? US Macro Suffers Longest Streak Of Weakness Since Lehman – H.L. o o o Items from Mr. Econocobas: 20 Signs The Epic Drought In The Western United States Is Starting To Become Apocalyptic Here Is The Source Of “More Than 95% Of The Market Rally In Q2” The Head Of ‘The Central Bank Of The World’ Warns That Another Great Financial Crisis May Be Coming
It’s no secret that being prepared takes time and money. These days, with the questionable economy, most people believe that they have to win the lottery or inherit a small fortune to begin preparing for an unforeseen disaster. Since I am married to a wife who is a full-time student and we have a small child and combined income of thirty thousand dollars per year, I also thought it was impossible to get started. However, whether it be supplies, equipment, training, or home modifications, anyone can get started just by starting on a smaller scale. The key is to minimize …
Global Financial Reset – J.W. o o o How the Rentenbank Stopped Inflation. – G.G. o o o Items from Mr. Econocobas: Why We’re In ATLEAST The Third Biggest Stock Bubble In U.S. History Mortgage Volume Tanks; Jamie Dimon Bashes The FHA If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
Insider Trading and Financial Terrorism on Comex – S.B. o o o It’s So Bizarre, It’s Beyond Comprehension How Bad It Is – David Morgan – H.L. o o o Items from Mr. Econocobas: Video: Jim Rogers – Only a Russian/Chinese/Brazil Joint-Currency Can Battle Dollar Dominance Delusional IMF “Delighted” To Be Marginalized By BRICS Video: Jim Rickards – The significance of a BRICS development bank
EPA claims it has the power to garnish wages without court approval – T.P. o o o Pure Manipulation, $1.3B of Paper Gold Dumped Onto Illiquid Market o o o Items from Mr. Econocobas: Individuals Pile Into Stocks as Pros Say Bull Is Spent The Final Warning: Individual Investors Piling Into Stocks, Market Leverage Hits All Time Highs Video: John Williams of ShadowStats-Terrible Currency Crisis Ahead
Bubble Paranoia Setting in as S&P 500 Surge Stirs Angst – J.W. o o o Student Loan Debt: Another Great American Scam? o o o Items from Mr. Econocobas: U.K. Inflation Accelerates More Than Forecast to 1.9%: Economy Why We Are Doomed: Interest and Debt Up Next: A Double Whammy of High Unemployment and Inflation
America’s Biggest Scam: The “Free Market” o o o We are absolutely in a stock market bubble: Corporate equity valuations now higher than peak reached in 2007. Crestmont P/E of 26.3 is 90 percent above its average of 13.9. o o o Big Banks Look To Cash In Using D.C.’s Revolving Door o o o Obama’s economic “recovery”: fewer than half of US adults have full time jobs. – B.B. o o o Federal Reserve’s Dual Mandate Disappointment; Will Private Investment Clean Up Slack?
This week’s Woodpile Report is a “must read.” o o o There’s debt, Then There’s Debt, Then There’s U.S. DEBT. – J.W. o o o The mega-Rick Rant returns! – P.M. Last time, Santelli accidentally created the Tea Party, so what happens now? o o o People Are Going Broke & It Will Get Ugly o o o Items from Mr. Econocobas: Fed Fears Risks Posed by Exit Tools; Plan Almost Done Yellen Says Fed Easy Money Needed Even After Recovery: Report Japan Economics Minister Warns of Premature QE Exit
Gold Bugs Know That A Return To Gold Is Inevitable o o o Typical liberal logic… to even suggest this is outrageous. Let’s nationalize Amazon and Google: Publicly funded technology built Big Tech o o o Items from Mr. Econocobas: ECB Interest Rates Too Low For Germany, Says Bundesbank Chief Gallup Slams Lid On Hopes For US Economy The Implosion Is Near: Signs Of The Bubble’s Last Days