Category: Economics & Investing

The IRS just issued tax guidance for bitcoin and other virtual currencies. They classify bitcoins as property, instead of a currency, where tax rules of stocks and barter will apply. – H.L. o o o Video: Ann Barnhardt – Your savings are being robbed from you. – B.B. o o o Items from The Economatrix: Dollar Value Could Suffer Instant Change-David Morgan Low Fed Rates Worsen U.S. Retirement Crisis Stocks Edge Higher After Manufactured Goods Report Subprime Mortgages Are Slowly Making A Comeback

Peter Schiff: We’re Heading For A Crisis Worse Than 2007 – D.B. o o o RBS sent in this link: MOVIN’ ON UP IN THE WORLD….. NO LONGER FIRST! While this may seem to indicate a poor economy at first, it may also indicate several positive things. Many in the area have chose to reduce their tax footprint by working lower wage jobs, but remaining at home more. Homeschooling is on the rise and there seems to be a healthy underground bartering community. All may not be what is seems. o o o James Rickards: Fed Insolvent, Dollar Will Collapse …

Document: JPMorgan Chase Bets $10.4 Billion on the Early Death of Workers o o o The Big Question Isn’t “When Will the Fed Raise Rates …” o o o Items from The Economatrix: World markets recover on upbeat US economic data NASA Study: “Collapse Is Very Difficult To Avoid”

Peak Gold: How The Romans Lost Their Empire– S.R. o o o Items from The Economatrix: Fitch affirms U.S. AAA ratings, outlook stable Long-term jobless face a dark future in U.S.: study Sales of Existing Homes in U.S. Fall to Lowest Since 2012 Future economy: Many will lose jobs to computers

Warnings Of Rising Food Prices Follow ‘Bad Weather Events’ o o o As Predicted, Stocks Make New Highs o o o Items from The Economatrix: Only 11% of long-term unemployed have a steady full-time job in a year, study finds 6 economic consequences of a new cold war February leading indicators rise 0.5% U.S. jobless claims rise 5,000 to 320,000

Best & Worst States to be a Taxpayer – SDS o o o Quantitative Easing has been the fuel for rising inequality and welfare for the modern Gilded Age: President Fisher from the Federal Reserve Bank of Dallas mentions QE’s gift to the rich. Items from The Economatrix: The Federal Reserve Seems Quite Serious About Tapering – So What Comes Next? Jim Sinclair: Russia Could Cause Gold To Hit $2000 In 2014 Fleckenstein – The Fantasy Is Alive & Well But The End Is Near Do Not Make Fun Of Those That Have Fallen Out Of The Middle Class – …

From E.B.: Normally, I don’t pay much attention to NPR due to their leftest political lean, but this caught my eye. (Yes, that NPR.) – E.B. o o o Fed Fraud and Hostage Markets – D.B. o o o Items from The Economatrix: The Run On U.S. Gold Continues… Richard Russell – Silver Is The Greatest Buy In The World Today Putin Could Win World War III Without Firing a Shot Collapse and Systemic Failure at All Levels Coming to U.S.-Dmitry Orlov

Gavekal on Russia and Japan o o o Beef Prices Post Biggest Surge in a Decade – G.G. Items from The Economatrix: How The Government Will Eliminate Fannie & Freddie Consumer prices edge up 0.1% in February U.S. housing starts fall slightly in February

A map showing the ridiculous fight over the keystone pipeline in Nebraska, a state that has over 20,000 miles of pipeline and complains about 200 miles. Items from The Economatrix: The Five-Year Fantasy Is Ending Relief in Sight for Gasoline Prices, AAA says A land of low-wage jobs: For every job that pays above the low-wage threshold of $15 an hour you have 7 job-seekers. 51.4 million low-wage jobs in U.S. Food Prices Surge, Hurting Consumers, Companies Alike

Rash of finance-pro suicides baffles experts – D.S. Items from The Economatrix: Gold’s Protection Against Counterparty Risk Is Coming Alive Putin Has Nuclear Economic Bomb-Jim Sinclair The big economies cannot avoid a soft default as they face their debt reckoning: U.S. and other central banks battle it out for artificially low interest rates on unsupportable levels of debt.

Gold Versus Bitcoin: An Unnecessary Argument – B.R. Items from The Economatrix: Ron Paul & Jim Rogers Discuss Truth About Global Economic Collapse & The Elite Agenda Eric Sprott – Gold To See Powerful ‘Golden Cross’ Within Days Ambrose Evans-Pritchard: Fire-Sale Of US Treasuries Is A Warning Of Acute Stress Across The World Homebuilder Confidence Misses Expectations Again As Outlook Plunges To 10-Month Lows Breaking: Russia is OUT of the Swift System Starting TODAY

New doomsday poll: 99.9% risk of 2014 crash – G.G. o o o Continuing in his excellent series on inequality: Thoughts from the Frontline: Inequality and Opportunity – John Maudlin Warning: To read the full article, you will have to register. o o o Items from The Economatrix: Consumer Sentiment At Lowest Point Since Nov. In-The-Know Insiders Are Now Dumping Their Stocks 19 Signs That The U.S. Consumer Is Tapped Out