Another one bites the dust – Allendale County Bank fails – G.G. o o o Ration Cards, Block Long Food Lines as Inflation Rate in Venezuela Hits 60% – G.P. o o o Items from The Economatrix: Durable-Goods Orders Climb 2.6% In March Schadenfreude: Economists “Stunned” By Housing Fade Banker Death ‘Epidemic’ Spreads To China 5 Ways Banks May Be Robbing You
Fruit of the Loom to close Jamestown plant, lay off all 600 workers. They are still going to be making t-shirts and underwear. They will just be made in Honduras from now on. – J.W. o o o Why would the world’s largest nation want this “ancient relic”? China Takes Steps To Further Conceal Gold Holdings . – J.W. o o o Items from The Economatrix: The Comprehensive Guide On Why You Will Never Retire Living The Way You Do: Examining The Typical $50,000 Household Budget And Why Most Americans Have Nothing To Very Little Saved For Retirement. Housing Won’t …
Guest Post: Demography + Debt = Doom Items from The Economatrix: Exactly Like 7 Years Ago? 2014 Is Turning Out To Be Eerily Similar To 2007 The Middle Class In Canada Is Now Doing Better Than The Middle Class In America Sales Of Existing Homes Slowest Since July 2012 Why Companies Are Wary To Hire Long-Term Unemployed Spotlight On The Economy: Is The Recovery In Business Investment ‘Durable’?
U.S. Exports A Record Amount Of Gold To Hong Kong In January – S.T. o o o This will have an impact on all sovereign debts. A person can read between the lines and see why the U.S. would have an interest in backing Argentina. Argentina Asks Supreme Court to Protect It From ‘Vulture’ Hedge Fund – E.B. o o o Items from The Economatrix: How Washington Spends Your Taxes Number Of Middle Age Californians Living With Their Parents Soars Collapse Of Western Ponzi Scheme To Send Gold Skyrocketing Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’
Hello Jim and Hugh, I have only just become aware of this awful event that occurred last week. Mike was well known in Peak Oil circles and is likely familiar to many of the readers of Survival Blog. While I certainly don’t agree with the decision he made to take his own life, it was fairly obvious to me that he was deeply troubled by the state of our civilization and the path we seem to be marching towards. I thought the readership may want to be aware of this event, if they weren’t already. I know Jim was on …
The American Middle Class Is No Longer the World’s Richest. – C.S. o o o Items from The Economatrix: Richard Russell – The Dollar Will Crash In A Matter Of Months 18 Stats That Prove That Government Dependence Has Reached Epidemic Levels Beef Prices Hit Record High Deficit Now Expected To Be Even Lower
Rising food prices pinching consumers. – G.G. o o o A Perfect Storm for Higher Beef Prices o o o Items from The Economatrix: The Risks Are Massive: “Will Likely Lead to Famine and Civil Unrest” Is The US Military Preparing For The Collapse Of The Dollar?
Obama Economy: More Middle Aged Americans Moving In With Parents | The Lonely Conservative – B.B. o o o Believe The Hype, Inflation Really Is Coming This Time – D.B. o o o Items from The Economatrix: 18 Stats That Prove That Government Dependence Has Reached Epidemic Levels Gold Market Now Seeing Deepest Backwardation In 8 Months The Fed Is Channeling Higher Interest Rates: Fed Committee Participants Anticipating Higher Rates And Inflation Already Permeating Throughout Economy
HJL – I have been a student of economics my entire life. From my early college education in the ’70s and ’80s to continued research for hobby, and for work I have tried to understand the micro and macro perspectives of the U.S. economy. We are at a place in history that is without precedent. Never has a nation with the responsibility of the reserve currency of the world made such dangerous bets with its economy and currency. The decisions of the Treasury and FED to head off an electronic bank run in 2008 prevented what would have been the …
Ukraine Currency Collapses Nearly 70% Against Gold In 4 Months. o o o Items from The Economatrix: Are You Ready For The Price Of Food To More Than Double By The End Of This Decade? Inflation Is Slightly Higher In March As Food And Shelter Costs Accelerated What Happened To The Middle Class? The Infographic Democrats Told “Don’t Mention ‘Economic Recovery’ – It’s A Political Loser”
How many Americans live paycheck to paycheck? A nation living precariously close to the financial edge. o o o Gold Doomed or Resting? Gold vs. Major Currencies; Goldman Sachs and Morgan Stanley Reiterate Sell Signal Gold Doomed or Resting? Seldom is sentiment so bad for something that still appears to be a long-term bull market. When in doubt, it pays to take the opposite side of what Goldman Sachs publicly says. Goldman has a history of not only being wrong but betting against its own recommendations. – P.S. o o o Items from The Economatrix: It’s Time To Ditch The …
More retail closures – K.B. o o o The Growing Threat To Capitalism o o o Items from The Economatrix: EU price rises slow, widening deflation threat Housing starts accelerate in March Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek Fears of market collapse amid record margin debt
Dear HJL, Regarding the letter about “Banksters”, I spent a few years in banking. I was the guy that ran the computer department. I have never found anyone more clueless about computers than bankers. Every teller had a paper tape calculator in front of them. They had to do all the calculation, then enter the computed values into a computer terminal. Their constant question to me was, “Why do we have a computer?” That did not endear me to the management. A senior VP of operations came to me telling me, he wanted to run a manual test for backup …
Attention Shoppers: Fruit and Vegetable Prices Are Rising – RBS Items from The Economatrix: Food And Housing Costs On The Rise Jobless Claims At Lowest Level Since 2007, But Don’t Cheer Yet Celente – The Vampire Squid, Gold & The Global Ponzi Scheme :So They Are Downplaying Gold To Keep The Ponzi Scheme Going, And To Keep The Equity Markets From Collapsing.” Russia Declares Death of Dollar
HJL, In reference to the article “https://survivalblog.com/hyperinflation-is-coming-10-basic-steps-to-surviving-an-impending-currency-collapse-by-sp-part-2/“, the author speaks about selling on eBay and using PayPal. I must advise your readers that this is indeed a good idea, however, please be informed about the rules and regulations dealing with taxes. There are limits as to how many items/listings you can sell and how much money you gain prior to them being reported to our favorite entity– the IRS. There are a few things that can be done, such as selling in lots. For example, if you have 10 dolls, rather than selling each one individually they can be sold …