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 …
One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal – B.B. o o o Steve Forbes: Link dollar to gold or face Great Depression II – G.G. o o o Items from Mr Econocobas: Companies Add Fewer Workers Than Forecast, ADP Data Show Fed’s Fisher Wants October End to QE3; Sees No 2014 Rate Hike Ya Think? “Student-Loan Debt May Hamper Economy, Senate Panel Hears” Half The Country Makes Less Than $27,520 A Year and 15 Other Signs The Middle Class is Dying
The Good And The Not- So-Good News About US Jobs In One Chart. Part of the problem is the skills mis-match. Many good (primarily blue collar) jobs remain unfilled as younger folks do NOT have the skills, nor do they want to learn them! – H.L. o o o The Purchase Of Our Republic. – B.B. o o o Items from Mr Econocobas: Rising Resource Costs Escalate Odds of Global Unrest Video: James Rickards ‘Inflation is Coming as it is The Only Way The U.S. Can Pay It’s Debt’ Deflation ‘Greatest Hoax’ as Prices Keep Rising Seemingly Terrific April Jobs …
Where Is The U.S. Economy Headed? – D.B. o o o 77,000 Foreign Banks to Share Tax Info with IRS – H.L. o o o Items from Mr. Econocobas: US Money Slump Flashes Warnings as Economy Contracts The Velocity Of Money In The U.S. Falls To An All-Time Record Low Ben & Janet’s Swell Housing Recovery: Sales Booming For The 1%; Heading Down For Everyone Else Four More Signs That A Market Top Is Nigh America’s Insatiable Demand For More Expensive Cars, Larger Homes And Bigger Debts
Barclays Manipulated Gold as Soon as It Stopped Manipulating Libor – G.P. o o o ‘Gold Prices Under Fire’ o o o Items from Mr. Econocobas: U.S. Retailers Missed Estimates By Most in 13 Years Bad Trend Breaking: Why Retail Results Are Not Better Than Expected, But Worse Than Ever! Headlines Contradict the Reality of April Home Sales World Bank Sounds Alarm on Rising Global Food Prices
Real Heroes: The “Justes” and the Good o o o Russian Roulette – Derivative Style. – G.C. o o o Items from Mr. Econocobas: Japan Inflation Quickens to Fastest Since 1991 Japan Monkey-Hammered By Abenomics: Goods Inflation Up 5.2%; Vehicle Sales Down 63% Video: Interview with John Williams of Shadowstats ‘Fed Will Prop Up System Until it Falls Apart’ Boom: Q1 GDP Revised Downward to -1.0%